People would consider him privileged because he had slaves working for him and he was a white male in the 30's.
I think it is the shortened way of saying it.
The correct answer is <span>(12) It was started in 2009 by actor Matt Damon and Gary White, the co-founder of Water partners. The word that should be capitalized is partners: Water Partners. The noun "partner" is normally a common noun, which means it shouldn't be capitalized in normal circumstances. However, here it represents the name of a company which is called Water Partners. It is just like with Warner Brothers (even though it's abbreviated as Warner Bros) - brothers is normally a common noun, but in this case, it is part of the company's name.</span>