Tag: foundation

  • List of Top 8 World’s biggest Philanthropists in 2021

    The wealthiest human is the one who believes in giving and sharing. When you contribute to someone’s success and well-being, you can have inner peace and that’s what life is. And those at the top have learned this for a long time and believe in contributing to people and the community’s well-being. These high-profile people choose to donate their money to those communities and people who need their support. And such noble people are called ‘Philanthropists’.

    A philanthropist is someone who works for the benefit of the community and donates as much as they can. They often provide food resources to the starving country people and contribute to the betterment of major social and financial issues.

    The money these rich people earn comes from the public and that’s why it’s their major duty to hold the responsibility for the public’s well-being. And the philanthropist not only agrees with this but also works for their people and community.

    They spent some part of their earnings in the development of areas that required their help and support. And to honour and acknowledge such Nobel people around, we have brought this article for the top philanthropists. Let’s get started!

    Andrew Carnegie
    Bill Gates and Melinda Gates
    Warren Buffet
    Azim Hashim Premji
    Mark Zuckerberg
    J.K. Rowling
    Serena Williams
    FAQ

    Andrew Carnegie

    Net Worth: $298.3 billion

    Lifetime Donations: $75 – 297.8 billion

    Andrew Carnegie
    Andrew Carnegie

    Andrew Carnegie is known as history’s richest person. Although he is dead for almost a century still, when it comes to the biggest philanthropist, Andrew Carnegie tops the list of all time.

    Andrew Carnegie donated around 90% of his total wealth. He made the largest deal in history through the U.S based burgeoning Steel Industry, which is around $298.3 billion according to the 2007 dollars value.

    Andrew Carnegie was originally from Scotland and he donated almost everything he owned. He donated in every possible field, especially in the education sector (established schools and universities). Carnegie built around 300 libraries for public usage for free across the country.

    Moreover, he also supported the civic institutions, established 700 Church organs and many more.

    Bill Gates and Melinda Gates

    Net Worth: $74 billion

    Lifetime Donations: $28 billion

    Bill Gates and Melinda Gates
    Bill Gates and Melinda Gates

    The co-founder and chairman of Microsoft, Bill Gates is known as the biggest entrepreneur of the tech era. Bill Gates has been honoured with the ‘World’s Richest Man’ many times.

    He has been financing majorly in his Bill and Melinda Gates Foundation (the world’s leading philanthropist foundation) with the coalition of Warren Buffet. This foundation focuses on global issues such as education, healthcare, poverty and increasing IT access.

    Warren Buffet

    Net Worth: $58.7 billion

    Lifetime Donations: $25 billion

    Warren Buffet
    Warren Buffet

    Warren Buffet is known as the most generous and wealthiest man in the world. Also, he is the most charitable and decent among the list of philanthropists. Warren Buffet is quite famous for his economic as well as successful investment advice.

    Warren Buffet has an alliance with Bill Gates and Melinda Gates,  in which they work for the improvement of the current financial crisis. They promote the other billionaires to donate some amount of their income for philanthropic purposes. Warren Buffet contributes around $25 billion of his wealth to the Bill and Melinda Gates Foundation.

    Azim Hashim Premji

    Net Worth: $32.8 billion

    Lifetime Donations: $21 billion

    Azim Hashim Premji
    Azim Hashim Premji

    The Indian Business Tycoon, Azim Premji is also one of the biggest philanthropists in India. He is the former chairman of Wipro Limited. And now, he is the non-executive member of the board and founder.

    Many know this, Azim Hashim Premji is widely famous as the Czar of the Indian IT industry.

    Azim Premji took Wipro to the next level of diversification and advancement. And his determination is what took Wipro among the world’s leaders in the industry of software. In fact, according to Asiaweek, in 2010, Azim Premji was counted among the top 20 most powerful men in the world.

    In 2013, Premji donated half of his total wealth through the signing of the Giving Pledge. He began with a $2.2 billion donation to the Azim Premji Foundation which focused on the Indian Education system.


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    Mark Zuckerberg

    Net Worth: $40.7 billion

    Lifetime Donations: $1.6 billion

    Mark Zuckerberg
    Mark Zuckerberg

    The youth’s inspiration, Mark Zuckerberg is the founder and CEO of Facebook. Zuckerberg is known as the youngest self-made billionaire in the world. He has signed the Giving Pledge and utter profanity that he would donate half of his lifetime wealth.

    Mark Zuckerberg along with his wife Priscilla donated around $25 million in the struggle against Ebola. Also, they donated around $75 million to San Francisco General Hospital through the Silicon Valley Community Foundation.

    Mark Zuckerberg has widely donated in the education sector, around $120 million to improve the condition of education.

    J.K. Rowling

    Net Worth: $1 billion

    Lifetime donation: $160 million

    JK Rowling
    JK Rowling

    J.K. Rowling is a well-known extremely successful author and generally, known as the author of the world-famous book series, Harry Potter. She is also counted among the world’s high-impact philanthropists.

    She built a global charity foundation named Lumos (after a spell from her wizarding books). The foundation aimed to help children who have been dreadfully separated from their families and now live in orphanages.

    J.K. Rowling is known as the boldest philanthropist who always engages in political changes and social issues.

    Serena Williams

    Net Worth: $120 million

    Lifetime donation: $1 million

    Serena Williams
    Serena Williams

    Serena Williams is known as one of the biggest superstars on the tennis court. And she is as big a superstar as a philanthropist also. Serena Williams along with her sister Venus developed a Resource Centre in their hometown- Compton and named The Yetunde Price Resource Center (after their sister who was a gang violence victim).

    Their resource centre provides aids for the community members of Compton and encourages healing and resiliency for the locals.

    Conclusion

    The philanthropists believe in making changes and developing those things which matter and have a huge impact on society. They work together with several underground operations to prevent some major dreadful crimes around the country.

    With the growing economy, the number of philanthropists on the world scale is also increasing. There has been the establishment of many foundations and charitable organisations. And the philanthropists are the true inspiration and role models of today’s generation.

    FAQ

    What does a philanthropist person mean?

    Philanthropist is a person who donates his wealth, skills or time for the betterment of the society.

    Who is the number one philanthropist in the world?

    Jamsetji Tata is one of the world’s biggest philanthropists, he has donated around 104 billion.

    Is philanthropy the same as charity?

    No, Philanthropy involves helping people over a long term while charity focused on providing immediate relief.

  • How Gates Foundation will be affected after the Divorce of Bill & Melinda Gates?

    Bill Gates and Melinda Gates who are the co-founders of the world’s largest private charitable foundation have filed for divorce. On 3 May 2021, they decided to end their 27 years of marriage as they required space in their personal life and would want to grow individually. Let’s look at what would be the future of the largest charitable foundation in the world, the Bill and Melinda Gates Foundation.

    About Bill Gates
    About Melinda Gates
    Bill and Melinda Gates Foundation
    Future Decisions
    FAQ

    About Bill Gates

    Bill gates are the co-founder of one the world’s leading technology firm Microsoft. He had dropped out of Harvard University in the year 1975 to start the technological firm. Bill Gates had owned the majority of the stock in the company which made him a multimillionaire and one of the wealthiest men in the world.

    In the year 2000, Gates had stepped down from the position of CEO of Microsoft in order to concentrate on philanthropy.

    About Melinda Gates

    Melinda French Gates was an employee of Microsoft before getting married to Bill Gates. She was raised in Dallas and completed Economics and Computer Science at Duke University. In the year 2015, she founded an investment company that will be focused on women and families which is Pivotal ventures.

    In the year 2019, she had published a book that was focused on female empowerment called The Moment of Lift.

    Melinda Gates Book
    Melinda Gates Book

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    Bill and Melinda Gates Foundation

    The Bill and Melinda Gates Foundation has become one of the most influential and powerful forces in the global public health. Over the past 2 decades, the charitable foundation is estimated to have spent around USD 50 billion to bring a business approach in order to fight against poverty and diseases.

    The Bill and Melinda gates foundation has backed a wide range of programmes which include polio and malaria eradication, vaccines and child nutrition. In the year 2020, during the global pandemic due to Covid-19, the foundation had committed an amount of USD 1.75 billion to the relief of Covid-19.

    The Bill and Melinda Gates Foundation was launched in the year 2000. The private charitable philanthropic foundation is considered as the largest non-profit foundation in the United States and the world’s largest foundation.

    The foundation has a net asset of around USD 43 billion according to the latest financial data available on the website. The couple has been reported to have contributed of around USD 36 billion from the time period of 1994 to 2018.

    In the year 2020, Warren Buffet has contributed stocks from his Berkshire Hathaway Inc of more than USD 36 billion to the Bill and Melinda Gates foundation. It was as part of the plans which he had announced previously that is to give away his entire fortune before his death.


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    Future Decisions

    The couple had filed a joint resolution regarding the dissolution of their marriage. They have conveyed that their legal union was broken in a way that couldn’t be made right but they added that they had reached to an agreement on how to divide their wealth between each other. The details of the division of wealth were not disclosed.

    They had posted a tweet on their individual accounts which said that they had decided to end their marriage after a great deal of thought and a lot of work on their relationship.

    They added that they would require space and more privacy in their new life as they have realized that they will no longer be able to grow together as a couple in the next phase of their life.

    FAQ

    What is the purpose of the Gates Foundation?

    Gates Foundation focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty in developing  countries.

    What disease did the Gates Foundation eradicate?

    Gates Foundation made progress toward eradicating polio.

    Who is the CEO of the Gates Foundation?

    Mark Suzman is the CEO of the Gates Foundation.

    Conclusion

    In a separate statement, the Bill and Melinda Gates Foundation had said that the couple would remain as the co-chairs and trustees of the organization and would work together for the foundation to shape the foundation strategies and approve it, to advocate the issues faced by the foundation and to set the overall direction of the organization.