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  • List of Top 15 Philanthropists in India

    A philanthropist is a term related to a person who is capable of helping the needy with the resources they have, especially money. Philanthropists help needy people create a better world and, so to say, improve the economy of a country. The constant effort to promote human welfare makes a person an actual philanthropist.

    India is a country that has umpteen slums in every city. People living in such slums are so poor and needy that our industrialists and rich heads come forward to help them during their hard times. In the recent times, these philanthropists donated as much as they could. Here is the top philanthropists’ list in India:

    Serial No. Philanthropist Donation (FY24)
    1. Shiv Nadar and Family INR 2153 crore
    2. Mukesh Ambani and Family INR 407 crore
    3. Bajaj Family INR 352 crore
    4. Kumar Mangalam Birla and Family INR 334 crore
    5. Gautam Adani INR 330 crore
    6. Nandan Nilekani INR 307 crore
    7. Krishna Chivukula INR 228 crore
    8. Anil Agarwal INR 181 crore
    9. Susmita and Subroto Bagchi INR 179 crore
    10. Rohini Nilekani INR 154 crore
    11. Azim Premji INR 1774 crore (2023)
    12. Ajay Piramal INR 200 crore (2023)
    13. Shrichand Hinduja –
    14. Sudhir Mehta INR 81 crore (2023)
    15. Cyrus and Adar Poonawalla INR 179 crore (2023)

    Shiv Nadar and Family

    Name Shiv Nadar
    Company HCL Technologies
    Donation INR 2,153 Crores
    Primary Cause Arts, Culture and Heritage
    Shiv Nadar - Famous Philanthropist in India
    Shiv Nadar – Famous Philanthropist in India

    Shiv Nadar, the founder of a multi-billion company (HCL Technologies) donates a huge amount of his earnings through the foundation named after him, Shiv Nadar Foundation. The foundation’s focus is empowering individuals through education to bridge the socio-economic divide.

    He is widely regarded as the biggest philanthropist in India and believes that every person should be well educated thus has the aim to establish institutions and schools in the underdeveloped and rural areas of our country. Some of his famous institutions are the SSN Institution, VidyaGyan & Kiran Nadar Museum of Art. Shiv Nadar donated 5% more than FY2023 with a total of INR 2153 crores making him the top philanthropist in India for 2024.

    Mukesh Ambani and Family

    Name Mukesh Ambani
    Company Reliance Industries
    Donation INR 407 Crores
    Primary Cause Healthcare
    Mukesh Ambani - Top 10 Donation Person in India
    Mukesh Ambani – Famous Philanthropist in India

    Mukesh Ambani, one of the richest people in the world is also a big philanthropist who founded the Reliance Foundation, a non-profit organization in 2010. This Foundation‘s objective is to promote sustainable growth in India.

    The Reliance Foundation is run by Mrs. Nita Ambani who has a focus on rural transformation, health, education, and sports for development. Every year the foundation donates an amount of approximately INR 407 crores to such programs and NGOs. Mukesh Ambani and his family are second in the top 10 philanthropists of India for 2024.

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    Bajaj Family

    Name Bajaj Family
    Company Bajaj
    Donation INR 352 Crores
    Primary Cause Education
    Bajaj Family - Famous Philanthropist in India
    Bajaj Family – Famous Philanthropist in India

    The Bajaj family, Indian philanthropists, has made notable contributions and has been actively involved in philanthropic activities in the country where they have established their business. Their charitable endeavors have demonstrated a commitment to giving back to society and have had a significant impact on the communities they serve.

    Their contribution of INR 352 crore to the cause is a testament to their unwavering commitment to charity and social welfare. This achievement marks their first appearance on the prestigious list since its inception and highlights their dedication to making a tangible impact through their acts of kindness. Bajaj Family is the third in the top 10 philanthropists of India for 2024.

    Kumar Mangalam Birla and Family

    Name Kumar Mangalam Birla
    Company Aditya Birla
    Donation INR 334 Crores
    Primary Cause Education
    Kumar Mangalam Birla - Famous Philanthropist in India
    Kumar Mangalam – Famous Philanthropist in India

    The chairman of Aditya Birla Group, Kumar Mangalam Birla donated a huge amount of his profits to the PM CARES FUND and helped actively people during the COVID-19 pandemic times to do the needful.

    His focus is on the poor who don’t have enough financial resources to pay their hospital bills and get proper treatment. He frequently visits the Aditya Birla Memorial Hospital to check up on its welfare and services. He is one of the top philanthropists in India for 2024.

    Gautam Adani

    Name Gautam Adani
    Company Adani Group
    Donation INR 330 Crores
    Primary Cause Education
    Gautam Adani - Top 10 Donation Person in India
    Gautam Adani – Famous Philanthropist in India

    Gautam Adani is a true entrepreneur in every sense. He has businesses in almost every sector. He believes a lot in helping and is always donating finances through the Adani Foundation to the needful.

    Adani Foundation is based on the Gandhian Philosophy of Trusteeship. The main motive is to facilitate quality education, enable youth with skills, and promote society through infrastructural development. He also donated an amount of INR 88 Crores during the COVID-19 period to the PM Cares Fund. With a donation of INR 330 crore, Gautam Adani is the 5th in the top 10 philanthropists in India for 2024.

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    Nandan Nilekani

    Name Nandan Nilekani
    Company Infosys
    Donation INR 307 Crores
    Primary Cause Ecosystem Building
    Nandan Nilekani - Top 10 Donation Person in India
    Nandan Nilekani – Famous Philanthropist in India

    Nandan Nilekani is the co-founder of Infosys. In 1978, he started his career at Infosys, and now he is one of India’s biggest entrepreneurs and a big philanthropist. He and his wife started donating small amounts of their income to poor people, and in 2017, both of them decided to donate 50% of their wealth to an NPO, which is operated by Bill Gates Foundation.

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    Krishna Chivukula

    Name Krishna Chivukula
    Company INDO-MIM
    Donation INR 228 Crores
    Primary Cause Education
    Krishna Chivukula - Top 10 Donation Person in India
    Krishna Chivukula – Famous Philanthropist in India

    Krishna Chivukula, chairman of INDO-MIM, has donated INR 228 crore to IIT Madras. This is the largest donation the institute has ever received. The money will be used for fellowships for top BTech students, sports programs, and important research projects. He is now ranked 7th on the list of top donors.

    Anil Agarwal

    Name Anil Agarwal
    Company Vedanta
    Donation INR 181 Crores
    Primary Cause Healthcare
    Anil Agarwal - Famous Philanthropist in India
    Anil Agarwal – Famous Philanthropist in India

    Anil Agarwal founded the Vedanta foundation on 15th September 1992, to help in creating more employment for sustainable development. Vedanta Foundation aims to achieve development through programs in the form of initiatives with a broad focus mainly on education, nutrition, and livelihood. He is one of the top philanthropists in India for 2024.

    Their main objective is to focus on the school children, to provide them with proper nutrition, training, and knowledge about the digital world, which helps them to grow and grab better job opportunities.

    Susmita and Subroto Bagchi

    Name Susmita and Subroto Bagchi
    Company Mindtree
    Donation INR 179 Crores
    Primary Cause Education
    Susmita and Subroto Bagchi - Top 10 Most Charitable Person in India
    Susmita and Subroto Bagchi – Famous Philanthropist in India

    Mindtree founder Subroto Bagchi and his wife Susmita are now in the top 10 donors list. They donated INR 179 crore, 63% more than last year. They focus on education and started the Bagchi School of Public Health at Ahmedabad University in 2023.

    Rohini Nilekani

    Name Rohini Nilekani
    Company Rohini Nilekani Philanthropies
    Donation INR 154 Crores
    Primary Cause Ecosystem Building
    Rohini Nilekani - Famous Philanthropist in India
    Rohini Nilekani – Famous Philanthropist in India

    Rohini Nilekani, a philanthropist in India, has been a beacon of hope for those in need with her consistent and generous donations of INR 15470 crore in 2024. Her unwavering dedication towards philanthropic causes is evident from her pledge to donate half of her wealth to noble works through the ‘Giving Pledge.’ She has been actively involved in various initiatives and programs aimed at uplifting society and making a positive impact on the lives of people. Her philanthropic efforts have touched the lives of many, and she continues to inspire others to follow in her footsteps.

    Azim Premji

    Name Azim Premji
    Company Wipro
    Donation (FY 2023) INR 1,774 Crores
    Primary Cause Education
    Azim Premji - Famous Philanthropist in India
    Azim Premji – Famous Philanthropist in India

    Mr. Azim Premji is one of the most respected Indian Business tycoons, and also a top Indian philanthropist as he’s been donating his time, money, and experience to the people who are in the utmost need.

    Recently, he has donated most of his wealth to all other philanthropists so they can pass on the resources to the right place at the right time. He has a trust named Azim Premji Foundation, which gives grants to non-profit organizations that work for the most vulnerable people in our society by providing them with the essential services required to carry out a healthy life. He is considered one of the most famous philanthropist in India.

    Ajay Piramal

    Name Ajay Piramal
    Company Piramal Group
    Donation (FY 2023) INR 200 Crores
    Primary Cause Healthcare, Women’s Empowerment, Education
    Ajay Piramal - Top 10 Most Charitable Person in India
    Ajay Piramal – Famous Philanthropist in India

    Ajay Piramal, who owns a business of 460 crores, is a well-known philanthropist and also believes in donating for the good. He started his philanthropic career in 2006 by forming a group named the Piramal Foundation. His main objective was healthcare. As he became a pharmaceutical company he realized the need for a better healthcare system in India.

    Presently the foundation works in four areas that are: Healthcare, Education, Better Livelihood, and Youth empowerment. Ajay donates around INR 200 crores every year to India’s needy population and is counted as one of the biggest philanthropist in India.

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    Shrichand Hinduja

    Name Shrichand Hinduja
    Company Hinduja Group
    Donation (FY 2023) –
    Primary Cause Helping Others
    Shrichand Hinduja - Famous Philanthropist in India
    Shrichand Hinduja – Famous Philanthropist in India

    Following the legacy left by his father, Shrichand Hinduja is one of the leading businessmen and a big philanthropist in India. Hinduja Foundation was founded in 1970 with the objective of ending poverty in the country.

    The foundation has done various initiatives to identify and enhance the efficiency of water usage in rural areas. They also focus on the healthcare facilities available to remote areas and help in the sustainable development of small villages and towns.

    Sudhir Mehta

    Name Sudhir Mehta
    Company Torrent
    Donation (FY 2023) INR 81 Crores
    Primary Cause Community Healthcare, Education, and Knowledge Enhancement
    Sudhir Mehta - Famous Philanthropist in India
    Sudhir Mehta – Famous Philanthropist in India

    Sudhir Mehta is a well-known philanthropist in India, owning the Torrent group, which deals in the gas and power business. He donates a lot to the Gujarati community and the Jain people. Sudhir helps the people by giving the poor children a proper source of education and healthy meals to eat. He dreams of achieving a 100% literacy rate in India.

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    Cyrus and Adar Poonawalla

    Name Cyrus and Adar Poonawalla
    Company Serum Institue of Inida
    Donation (FY 2023) INR 179 Crores
    Primary Cause Healthcare
    Cyrus and Adar Poonawalla - Famous Philanthropist in India
    Cyrus and Adar Poonawalla – Famous Philanthropist in India

    Cyrus S. Poonawalla and Adar Poonawalla, who represent the Serum Institute of India, have made an outstanding contribution of INR 179 crore to the India Philanthropy List 2023. The Poonawalla brothers have been particularly focused on the healthcare industry, which reflects a remarkable 60% increase in their donations from the previous year.

    Their continued support of charitable activities related to the healthcare sector is further illustrated by their additional contribution of $19.08 million from Serum Inc. and Serum Institute Life Science-UK. All these contributions from famous philanthropists are a testament to their unwavering commitment to improving the healthcare sector in India.

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    Conclusion

    The nation requires philanthropists in India who give their best efforts to make the country a better place to live. Such people who are capable of helping others should be appreciated as they are the people who can transform India by filling the gaps that others cannot. The above list of philanthropists in India highlights individuals who have made significant contributions to society through generous donations, particularly in areas like education, healthcare, and research.

    FAQs

    Who is the greatest philanthropist in India?

    Shiv Nadar is considered one of the greatest philanthropists in India, as he has donated around ₹2,153 crores in 2024.

    Who is a philanthropist?

    A philanthropist is a person who donates his/her time, money, experience, and skills to help create a better world.

    What is an example of philanthropy?

    An example of philanthropy would be giving money to charity or volunteering.

    Who is India’s most charitable person?

    Azim Premji, one of India’s most respected business tycoons, is widely regarded as the country’s most charitable person for his extensive philanthropic contributions.

  • 10 Best Tax Saving Instruments in 2023

    Ancient practices such as tithing or the offering of first fruits may be regarded as the precursor of the income tax.  However, they lacked precision and were not based on the concept of a net increase.  As civilization progressed, taxes were based on other factors like wealth, social position and ownership of the means of production.

    The modern concept of income tax is based on a pre-supposition of a money-economy, accurate accounting and a general understanding of receipts, expenses and profits and an orderly society with reliable records.  Hence, income tax can be defined as a tax imposed on individuals, commonly known as tax-payers, in respect of the income or profits earned by them.

    10 Best Tax Saving Instruments in India

    1. National Pension Scheme (NPS) Under Section 80CCD (1B)
    2. Interest Component of Home Loan Under Section 24
    3. Interest Repayment for First-Time Home Owners Under Section 80EE
    4. Premiums Paid on Health Insurance Under Section 80D
    5. Interest Earned From Savings Bank Account Under Section 80TTA
    6. Medical Expenses for Disabled Dependent Under Section 80DD
    7. Treatment of Specified Diseases Under Section 80DDB
    8. Amount Paid as Rent With No Hra Payment Under Section 80GG
    9. Repayment of Education Loan Under Section 80E
    10. Donations Made to Charitable Institutions Under Section 80CCC

    10 Best Tax Saving Instruments in India

    In India, most taxpayers know about and take advantage of the INR 1.5 lakh deduction that is available under Section 80C.  However, there are many other tax-saving opportunities that can help if further reducing taxes paid.

    National Pension Scheme (NPS) Under Section 80CCD (1B)

    Over and above the benefit that can be claimed by Section 80C, additional tax can be saved by investing up to INR 50,000 in NPS.  This investment can increase the total deduction to be claimed to INR 2 lakh

    Share of Instruments in Gross Household Saving

    Interest Component of Home Loan Under Section 24

    The interest component of a home loan can be claimed as a tax deduction under Section 24 of the Income Tax Act.  A maximum amount of INR 2 lakh can be claimed on the interest payment on a home loan for a self-occupied property. If the residential property is not self-occupied and rented or deemed to be rented, the entire interest amount can be claimed as a tax deduction as there is no maximum limit has been prescribed. If the residential property is not self-occupied due to reasons of employment, business or profession, a maximum tax deduction amount of INR 2 lakh can be claimed under section 24.

    Interest Repayment for First-Time Home Owners Under Section 80EE

    This is applicable for first-time homeowners who do not have any other residential property on the date their home loan is sanctioned from a financial institution.  Such homeowners can claim a tax deduction of up to INR 50000 under Section 80EE.  This tax deductible amount is over and above the INR 2 lakh available under Section 24.  Rules applying to claim this amount as a tax deduction specify that the total value of the residential property must be less than INR 50 lakh and the loan value should not exceed INR 35 lakh.  This section was initially introduced in 2013-14 and was available for only two years before being re-introduced in 2016-17.  This particular tax benefit is applicable till the loan amount is repaid with the annual limit capped at INR 50000.

    Premiums Paid on Health Insurance Under Section 80D

    The tax incentive for Section 80D allows for tax deductions the total amount that is paid as the premium amount for health insurance as well as the expenses that are incurred towards healthcare.  Depending on the people and their age, who are included under the insurance coverage the limit to claim tax deductions can range from INR 25000, INR 50000, INR 75000 or INR 1 lakh.

    Interest Earned From Savings Bank Account Under Section 80TTA

    Section 80TTA allows all individual taxpayers and HUF to claim tax deductions on the interest earned from savings bank accounts in banks or banking companies, savings accounts in post offices or savings accounts in cooperative societies involved in the banking business.  The maximum amount that can be claimed from all savings accounts is INR 10000.  Interest earned above this limit is considered as ‘Income from Other Sources’ and is taxable.  For senior citizens who are taxpayers, Section 80TTB is applicable which was introduced on April 1, 2018, and carries a lower tax implication on the interest income. Under Section 80TTB, up to INR 50000 can be claimed as a deduction.

    Medical Expenses for Disabled Dependent Under Section 80DD

    This tax deduction has been offered to help taxpayers take care of dependent disabled family members.  These dependents are defined as spouses, children, parents or siblings. Disabilities covered under this policy include blindness, low vision, locomotor disability, hearing impairment, mental retardation, mental illness, autism and cerebral palsy. The following medical expenses can be claimed as tax deductions –

    • Expenses incurred towards medical treatment, nursing, training, rehabilitation of a dependent with a disability
    • Amount paid as premium for an insurance policy designed for such cases and satisfying the conditions mentioned in the law

    The amount that can be claimed varies on the degree of the disability of the dependent.  Up to INR 75000 can be claimed as a tax deduction annually if the dependent suffers at least 40% of any specified disability.  A severe disability of 80% or more in a dependent allows the taxpayer to claim up to INR 1.25 lakh.  A medical certificate from qualified institutions must be submitted by taxpayers to claim such tax deductions.

    Treatment of Specified Diseases Under Section 80DDB

    A taxpayer suffering from diseases like cancer, neurological diseases like dementia, motor neuron diseases, Parkinson’s or AIDS entailing expensive treatment costs can avail of tax deductions under Section 80DDB.  The amount that can be claimed as a deduction is INR 40000 or the actual amount, whichever is lower.  For senior citizens who are taxpayers or dependents, this limit is increased to INR 1 lakh.

    Amount Paid as Rent With No HRA Payment Under Section 80GG

    An individual taxpayer who does not receive HRA as a salary component or is self-employed can claim tax deductions towards rent up to INR 60000 annually under Section 80GG.  The conditions for availing such tax deductions do not include taxpayers who own a house but live in rented accommodations within the same city or living in rented accommodations in another city and claiming deductions under Section 24 for repayment of home loan interest.

    Repayment of Education Loan Under Section 80E

    Students availing of education loans to pursue higher education are eligible to claim tax benefits on the repayment of the interest component under Section 80E. This deduction is available on taking an education loan from financial institutions and not from relatives or other family members. The tax deductions can be claimed from the year the repayment of the loan begins for seven consecutive years or until the interest is paid in full, whichever is earlier. There is no limit to the deduction claimed on the interest amount repayment.

    Donations Made to Charitable Institutions Under Section 80CCC

    Donations made to approved charitable institutions are eligible for tax deduction claims with appropriate supporting documents like a stamped receipt from the trust or institution, complete address, name of the trust and the PAN card number of the trust or institution. A tax deduction of 50% or 100% can be claimed depending on the charitable institution to which the donation is made. However, the total donation amount should not exceed a maximum of 10% of the adjusted gross total income of the taxpayer. The four ways in which donations can be categorized to claim the deduction are –

    • Donations to the National Defence Fund set up by the central government can be claimed as a 100% deduction without any qualifying limit
    • Donations to Jawaharlal Nehru Memorial Fund or the Prime Minister’s Drought Relief Fund can be claimed as a 50% deduction without any qualifying limit
    • Donations with 100% deduction subject to 10% of adjusted gross total income such as Government or any approved local authority, institution or association to be utilized for the purpose of promoting family planning
    • Donations with a 50% deduction subject to 10% of adjusted gross total income such as any institution which satisfies conditions mentioned in Section 80G(5)

    Conclusion

    These tax saving instruments can be a huge help for taxpayers to save on income tax and reduce income liability.  This income, can then, be utilized towards investment and growing savings.

    FAQ

    Which is the best tax-saving instrument in India?

    The following are the best Tax-Saving Instruments you can use

    • Equity Linked Savings Scheme (ELSS)
    • Public Provident Funds (PPF)
    • Senior Citizen Savings Scheme (SCSS)
    • Sukanya Samriddhi Yojna (SSY)
    • Tax Saver Fixed Deposit (FD)
    • National Pension Scheme (NPS)
    • National Savings Certificates (NSC)
    • Unit Linked Insurance Plans (ULIP)

    How to save tax for 12 LPA?

    Tax Deductions under Section 80(C) can help you to reduce your taxes. You can invest in PPF, EPF, ELSS, NSC and others to save taxes.

    How can I save tax smartly?

    Under Section 80C you can save your tax and these are the scheme which comes in 80C

    • Equity-Linked Savings Scheme: Equity Linked Savings Schemes are a type of mutual fund with a lock-in period of three year
    • Senior Citizen Savings Scheme
    • National Pension System
    • Term Life insurance premium
    • Public Provident Fund
    • National Savings Certificates
    • Tax-saving FDs
    • Home loan repayment

    How much income is tax-free?

    If your income is below ₹2.5 lakhs, you do not have to file Income Tax Returns (ITR).

  • List of Brands Endorsed by Sonu Sood

    Sonu Sood known for his remarkable humanitarian works in India for the migrant workers during the Pandemic has left a mark of him in all our hearts. He is an actor, model and film producer. He was born on 30th July 1973 at Moga, Punjab, India. Sonu Sood made his debut as Shaheed Bhagat Singh in 2002 in the movie Shaheed-E-Azam directed by Sukumar Nair.

    In 2009, he received the Filmfare award for the best supporting actor for his work in the blockbuster Telugu movie “Arundhati”. A few of his considerable movies in Bollywood are Happy New Year, Shootout at Wadala, Jodhaa Akbar, Simmba and so on.

    Sonu Sood helped a lot of stranded people reach home by both road and air. He did this in association with Spicejet. Honouring his deeds Spicejet has dedicated him to an aircraft livery saying “A salute to the saviour Sonu Sood” in a Boeing 737 aircraft.

    Sonu Sood started rocking the Endorsement world from the end of the year 2020. Enlisting below the very few yet significant endorsements of Sonu Sood.

    Spice Money
    Shyam Steel
    Lenskart
    Oyo
    ISM EduTech
    Mfine
    FAQ

    Spice Money

    It is a rural fintech company under spice digital founded in the year 2000. It provides amenities like Aadhar enabled payments, insurances, cash withdrawals, airtime recharges and mini ATM.

    It also provides amenities as a cash collection centre for NBFC/Bank’s customers, representatives and agents. It roped Sonu Sood in December 2020 with the tagline “Spice money toh life bani”.

    Dilip Modi founder of spice money states that through spice money they wish to promote self-reliance and entrepreneurship to every remote corner of India. Sonu Sood is elated about this endorsement. He says with Spice Money he’s fulfilling his dreams of making his countrymen socioeconomically independent and self-reliant using technological means.

    Shyam Steel

    Shyam Steel is a TMT bar producing company leading its kind in India. It was founded in 1953. They basically manufacture Sponge iron, Billets and TMT rebars. It operates all over India from its manufacturing units of West Bengal.

    In December 2020 they roped in Sonu Sood as their “Build in Ambassador”. Their program aims at distributing e rickshaws in various parts of India to people who lost their livelihood in the Pandemic. Hence who can be a better goodwill ambassador in such a noble deed other than Sonu Sood? The distribution would be based on several socio-economic parameters.

    Lenskart

    Lenskart was introduced to the people of India in 2010 by an ex Microsoft techie. In November 2020, during Diwali Sonu Sood was roped by them in a campaign “Blu Wali Diwali”. The tagline of this advertisement was “See the good with Lenskart”.

    Oyo

    Oyo a hospitality chain of hotels was introduced in India by Ritesh Agarwal in the year 2013. It has leased and franchised hotels, living spaces and homes. Sonu Sood has been an asset honour of this firm since 2019.

    In October 2020 he was roped in for a campaign called “Sanitised before your eyes” with the tagline “Pehle Spray fir stay”. This campaign was to ensure the efforts of the company to ensure the safest and most Sanitised experience to win the trust of its customers.

    Rohit Kapoor the chief executive officer of Oyo South Asia and India stated that Sonu Sood being the face of this campaign makes them extremely happy as his ideologies and their brand fits perfectly.

    ISM EduTech

    ISM was launched in India in the year 2010. It helps Indian students to study for a medical degree from abroad. EdTech roped Sonu Sood in September 2020 in a program to help students with high capacities stranded in the pandemic study abroad.

    According to them, Sonu Sood is a real-life hero with an objective similar to theirs. He stood up for stranded migrant workers and they aspire to stand up for stranded students hence Sonu Sood would be the best ambassador for this campaign.

    Mfine

    It is a mobile healthcare platform or an app helping people to reach out to hospitals and medical services virtually. It provides all possible kinds of medical services virtually. It also has a 10-minute facility for doctor consultation. It was founded in 2017.

    In September 2020 Mfine roped Sonu Sood for their telemedicine campaign. Being their user himself Sonu Sood was elated about the endorsement. Arjun Choudhary, the chief business officer at Mfine says that Sonu Sood’s work has turned him into a beacon of hope and trust. With his face value, they hope to impact people about the quality medication they provide.

    Sonu Sood is a messiah after his work during the pandemic. Whatever he has done is beyond all praises. Hence his assurance as of brands is hoped to be as pure as his intentions.

    FAQ

    What is the net worth of Sonu Sood?

    The net worth of Sonu Sood is $17 million.

    What is the profession of Sonu Sood?

    Sonu Sood is a Actor, Model, Film Producer, and Humanitarian.

    What is the age of Sonu Sood?

    Sonu Sood was born on 30 July 1973 and is 48 years old.

  • Why did Warren Buffet Resign from Bill and Melinda Gates Foundation?

    Warren Buffet is known as one of the best investors in the history of the stock market. His principles and teachings have always been widely used and regarded by the financial analysts and are one of the top 10 richest men in the world. Warren Buffet is the 8th richest man in the world and is also known for his pledging and charitable works. The 90 year old billionaire has announced to resign from Bill and Melinda Gates Foundation. Let’s look at the reason behind it.

    Warren Buffet – Latest News
    Why did Warren Buffet Resigned from Gates Foundation?
    Warren Buffet Donation in Gates Foundation
    Bill Gates on Warren Buffet Resigning from Gates Foundation
    Development in Gates foundation
    FAQ

    Warren Buffet – Latest News

    On 23 June 2021, the billionaire and the most famous investor in the world, Warren Buffet has announced that he is resigning from the Bill and Melinda Gates Foundation. He has donated more than half of his wealth towards donation and charitable purposes since he had pledged 15 years ago in order to give away his fortune by running Berkshire Hathaway Inc.

    Why did Warren Buffet Resigned from Gates Foundation?

    Warren Buffet did not provide any specific reason as to why he was stepping down from the position. He has said in a statement that he has been an inactive trustee of the organization for a very long time.

    Warren Buffet has been resigning from the posts of all the corporate boards that he is part of other than Berkshire Hathaway. However, the decision to step down from the board of the Gates Foundation comes at an odd time when Bill Gates and Melinda Gates has announced to end their 27 years of marriage.

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    Warren Buffet Donation in Gates Foundation

    On the same day, Warren Buffet also announced that he has given away USD 4.1 billion worth of the shares of Berkshire Hathaway as part of his pledge to donate 90% of his wealth. Warren Buffet is halfway there while considering the most recent donation.

    He conveyed that over many decades he has been able to gather a lot of wealth by just doing what he loves the most to do. He added that compound interest, a long runway, associates, and the country have worked their magic.

    Warren Buffet has announced to donate USD 4.1 billion in shares to five different foundations which include Bill and Melinda Gates Foundation. However, it is estimated that the major share of the donation was given away to the Gates Foundation. The Gates Foundation has received around USD 3.2 billion and the total donation made by the billionaire is around USD 27 billion.

    Warren Buffet’s donation also goes to another foundation named Susan Thompson Buffet Foundation which is run by the children of Warren Buffet Howard, Susan and Peter. The foundation is named after his late wife. The other two foundations where he has donated the shares are the Novo Foundation and the Sherwood Foundation.

    Warren Buffet Net Worth
    Warren Buffet Net Worth

    Bill and Melinda Gates on Warren Buffet Resigning from Gates Foundation

    Bill Gates had conveyed in a statement about Warren Buffet’s resignation and said that, he is grateful for the great friendship with Warren Buffet and added that he would always have a sense of maintaining a deep accountability to Buffet.

    Melinda Gates had also conveyed her message saying that, the teachings of Warren Buffet will help the foundation in charting a way forward.

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    StartupTalkyAshwini

    Development in Gates foundation

    Suzman had sent an email to the employees of Bill and Melinda Gates Foundation where he had discussed with Warren Buffet and Bill and Melinda Gates on how to strengthen the decision making and governance and added that he would share more information about it in the month of July.

    He said that he has been discussing about long-term stability and the sustainability about the Foundation due to the recent announcement of the divorce of Bill and Melinda Gates. He also added that he is fully concentrated on following the guidance provided by Warren Buffet in order to use to resources provided by Buffet, Bill and Melinda in the best way possible.

    Conclusion

    According to certain estimations and findings of the Forbes magazine, if Warren Buffet did not donate most of his wealth to charitable purposes he would have had a net worth that would be equal to the CEO of Amazon Jeff Bezos who is the world’s richest person.

    FAQ

    What companies do Warren Buffett Own?

    Warren Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.

    What is the net worth of Warren Buffett?

    The net worth of Warren Buffett is estimated to be around 10,500 crores USD.

    What is the purpose of Bill and Melinda Gates Foundation?

    The Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and to lift themselves out of hunger and extreme poverty.