Helping people get what they need most in life is at the heart of successful philanthropy. It is no coincidence that fulfilling peoples' needs is also the foundation of a successful business. I see no contradiction between them.

Any venture, whether it is commercial or philanthropic, should aim at improving the lives of as many people as possible. Both should use technological tools to overcome infrastructure barriers and build scale. And both must be self-sustaining to be considered truly successful.

I want to share with you what I have learned about philanthropy as person who was born in modest circumstances, as a boy who learned to take advantage of opportunities, as a businessman seeking new ways to create value for others, as a philanthropist trying to overcome global challenges, and as a father who wants to be the best role model for his children.

I am convinced that by applying the values of an entrepreneur to philanthropy will you ever be able to meet the needs of the greatest number of people. As a boy I saw the dire effects of poverty and illiteracy, especially on women and children. This is why my X PRIZE challenges will focus on Health and Education to positive change the lives of the “bottom billion”.

I understand human needs. I grew up where far too many people lived day to day without elemental needs like food and shelter. Because I was poor I had one special advantage. Survival taught me to be an entrepreneur. You must take action to survive just as you must take action to seize an opportunity. My parents didn't believe in luck, they believed in hard work and in preparing me to take advantage of opportunity. Many generous people helped me and my family when we needed them. And that motivated me too.