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A philanthropist is someone who engages in philanthropy; donating their time, money, and/or reputation to charitable causes. The term may apply to any volunteer or to anyone who makes a donation, but the label is most often applied to those who donate large sums of money or who make a major impact through their volunteering, such as a trustee who manages a philanthropic organization or one who establishes and funds a foundation. [1]
A philanthropist may not always find universal approval for their deeds. [2] Common accusations include supporting an unworthy cause (such as funding art instead of fighting world hunger) or having selfish motivation at heart (such as avoiding taxes or attaining personal fame). A philanthropist is also someone who cares for someone else's needs instead of their own.
The following table orders the greatest philanthropists by the estimated amount given to charity, corresponding to USD.
Name | Amount given | Cause |
---|---|---|
Jamsetji Tata | $102.4 billion [28] | Education, healthcare |
Bill Gates | $79 billion [60] | Healthcare, extreme poverty, education, access to information technology |
Warren Buffett | $32.1 billion [61] | Healthcare, education, AIDS-prevention, sanitation |
George Soros | $32 billion [62] | Healthcare, anti-fascist publications, human rights, economic, legal, and social reform |
Azim Premji | $21 billion [63] | Education, healthcare |
MacKenzie Scott | $14 billion [64] | Racial equality, LGBTQ+ equality, functional democracy, and climate change [65] |
Michael Bloomberg | $21.1 billion | Environment, public health, arts, government innovation and education |
Li Ka-shing | $10.7 billion[ citation needed ] | Education, healthcare |
Andrew Carnegie | $9.5 billion[ citation needed ] | Libraries, education, peace |
Elon Musk | $7.6 billion [66] | Science education, COVID-19 relief, renewable energy |
Chuck Feeney | $6.8 billion[ citation needed ] | Healthcare, youth, aging, poverty, human rights |
Alisher Usmanov | $5.8 billion [67] [68] | Art, science, sport, healthcare |
The Sainsbury family | $5 billion [67] [68] | Art, education, human rights, youth, aging |
Christopher Hohn | $4.5 billion [69] | Youth, poverty, education |
Carlos Slim Helu | $4.2 billion [69] | Arts, education, healthcare, sports, downtown restoration |
Alwaleed Philanthropies | $4 billion [70] | Alwaleed Philanthropies collaborates with a range of philanthropic, government and educational organizations to combat poverty, empower women and youth, develop communities, provide disaster relief and create cultural understanding through education. |
The Weston family | $2.3 billion [67] [68] | Innovations, healthcare, aging, environment |
Phil Knight | $2 billion [71] | Education, healthcare, intercollegiate athletics |
James E. Stowers | $2 billion [72] | Healthcare |
Hansjoerg Wyss | $1.9 billion [69] | Climate change, poverty |
Howard Hughes | $1.56 billion[ citation needed ] | Healthcare |
Ted Turner | $1 billion[ citation needed ] | United Nations Foundation |
Stephan Schmidheiny | $1.5 billion [69] | Environment, sustainable development |
Vitalik Buterin | $1 billion [57] | Donated $1 billion worth of the cryptocurrencies Shiba Inu and Ether to a COVID-19 relief fund in India. |
Michael Jackson | $500 Million+ [73] [74] | Healthcare, poverty, youth, cancer research, education |
T. Boone Pickens | $500 Million [57] | Education |
In 2017, the Open Society Foundations announced that Soros had transferred $18 billion of his fortune towards funding the future work of the Foundations, bringing his total giving to the Foundations since 1984 to over $32 billion