These 5 Billionaires Give More Money To Charity Than They Earn
Billionaires that break the generosity index with their over-whelming involvement in philanthropic acts that inspire and change the world.
Billion-dollar generosity proves to be alive and well as the world’s billionaire businessmen commit fervently to their philanthropic movements. Among the top few philanthropists in the world, these big businessmen prove to have even bigger hearts as they commit to a lifetime of giving back to society.
These men are the perfect examples of how one’s private wealth can change the world in the most tangible way.
This man is no stranger in his philanthropic endeavours — especially in his commitment to the Bill and Melinda Gates foundation, where he pledges to entrust more than 83% of his assets to their initiative. Known to be a hands-off philanthropist, Warren Buffet prefers to entrust his wealth to those he knows will spend it on worthwhile causes. While it is unlikely that Warren Buffet would champion any new philanthropic cause of his own, The Giving Pledge is a campaign started by Warren Buffett, Bill and Melinda Gates for the world’s wealthiest people and families to commit to dedicating the majority of their wealth to philanthropic causes. The number of people that have pledged to this cause steadily increases and Warren Buffet will also continue to use his wealth for charitable purposes.
While the founder of Microsoft still remains the richest man in the world for four consecutive years, he is also perched atop the world’s largest private charitable organisation as one of the world’s leading philanthropists. Making a commitment to philanthropy since he has stepped down from his full-time position at Microsoft, his vested devotion to the Bill and Melinda Gates Foundation has made the foundation one of the leaders in venture philanthropy in the last 15 years — where the foundation’s primary aims are to actively seek to enhance healthcare and reduce extreme poverty on a global scale. Supported by his vast fortune, Gate recognises his ability to create an impact on a global scale that spans from grants and initiatives that fuel agriculture development, emergency relief, global libraries, urban poverty, global health and education. With a commitment to pledge more than half of his net worth during his lifetime or upon their death to philanthropy, Bill Gates and his wife, Melinda will continuously push for efforts to save lives and reduce inequality.
Charles Francis Feeney
One of the most generous and secretive philanthropists of modern times, Feeny is the epitome of “giving while living”. The retail magnate of duty-free shopping, "Chuck" Feeney, has lived up to his philosophy of giving away the bulk of his fortune to charitable organisations. With his current net worth of $1.5 million, Feeney’s mission to give away his entire fortune has seemingly succeeded — with his lifetime donations amounting to 420 times of his current net worth at $6.3 billion. He is not named the “James Bond of Philanthropy” for nothing. While the 86-year-old philanthropist had winded down his charitable foundation five years ago, most of his fortune has already been gifted through The Atlantic Philanthropies he set up 30 years ago. This foundation funds and supports education, science, healthcare, and civil-rights causes across several countries since 1982 that catalysed several movements such as the reconciliation in Northern Ireland and South Africa, cure for disease in Vietnam and more others. The man whom Bill Gates and Warren Buffett refer to as their hero, he may now be the billionaire that has stopped giving, but that is precisely why this calls for massive admiration.
The retired founder of Soros Fund Management currently pioneers the Open Society Foundations, which primarily donates to international causes, community development, social services, health and education. Best known for providing scholarships to black South Africans under apartheid, his funding has supported individuals and organisations across the globe fighting for freedom of expression, transparency, accountable government and societies that’s promote justice and equality that has already amounted to $12 billion to date. There is one thing that has always remained constant in Soros's philanthropic legacy — a commitment to fighting the world’s most stubborn problems. While he will be the first to admit that the type of issues he would like to tackle may never reach a complete solution, it is people like George Soros who advocate and catalyse social progression.
We are familiar with his position as the “Founder of Facebook” or the “Youngest self-made Billionaire”. However, with Mark Zuckerberg's recent announcement to give away 99% of his wealth to charity, Zuckerberg and his wife, Priscilla Chan, are on their way to becoming Silicon Valley’s next philanthropic power couple. Trailing along Bill and Melinda Gates footsteps, he is likely to become the second largest charitable donor after Bill Gates in a few years time. The only difference? Mark Zuckerberg is only 32 years old. The total amount pledged — $45 billion in Facebook shares at current valuation, exceeds the endowments at Rockefeller, Ford and Carnegie foundations combined. Zuckerberg emerges as one of the youngest major philanthropists, with the launch of the Chan Zuckerberg Initiative in 2015, whose focus areas include “personalised learning, curing disease, connecting people and building strong communities”. While Zuckerberg has revolutionised connectivity and information with Facebook, he uses it to empower the less fortunate.