Philanthropy and the Rich: How the Wealthiest 10 Give Back
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Philanthropy by the super-rich plays a very important role in improving the lives of other people. There are many foundations that are doing charity work and are funded by the billionaires of the world. These billionaires gave Philanthropy funds to these foundations to improve the lives of underdeveloped people. In this article, we will discuss the Philanthropy work of the top 10 richest people and determine their Forbes Philanthropy score.
1. Bill gates
Bill Gates is the CEO and co-founder of Microsoft, which is the largest software company in the world.
Total net worth: $122 billion
Forbes Philanthropy Score: Bill Gates Forbes Philanthropy Score is 5 which means that he has given away 20% or more wealth in philanthropy.
Charity foundations: Bill & Melinda Gates Foundation
Philanthropy works: Bill Gates has worked a lot to eradicate polio and Malaria from this world, and because of him polio is eradicated completely from this world. Moreover, his foundation is the world’s largest privatefoundation,n and many billionaires give their charities to it. He is also working to minimize poverty.
2. Warren Buffett
He is the CEO of Berkshire Hathaway company and has invested in many of the other famous companies as well. He also has some links with crypto too.
Total net worth: $115 billion
Forbes Philanthropy Score: Warren Buffett Forbes Philanthropy Score is also 5 which means that he has given away 20% or more wealth in Philanthropy.
Charity foundations: Susan Thompson Buffett Foundation and Bill & Melinda Gates Foundation
Philanthropy works: Warren Buffett the greatest investor of all time has promised to give 99% of his wealth to charity at his death. He has also actively funding the Bill & Melinda Gates Foundation for a long time and has done many charity works for the cause of mankind.
3. Mark Zuckerberg
He is the founder of Facebook (the world’s largest public plate form) and Meta Company. He also owns Instagram and WhatsApp.
Total net worth: $111 billion
Forbes Philanthropy Score: Mark Zuckerberg’s Forbes Philanthropy Score is also 3 which means that he has given away 5 to 9.9% wealth in Philanthropy.
Charity foundations: Chan Zuckerberg Initiative (CZI)
Philanthropy works: Mark Zuckerberg gave a lot to charity foundations on the birth of his child he gave all his Facebook stalks in charity which is approximately equals to $45 billion. He is working a lot on improving the standards of life of people.
4. Jeff Bezos
He is the founder and CEO of Amazon which is the world’s largest shopping market where you find everything to buy. Amazon services are available in almost all countries.
Total networth: $150 billion
Forbes Philanthropy Score: Jeff Bezos Forbes Philanthropy Score is also 2 which means that he has given away up to 4.9% wealth in Philanthropy.
Charity foundations: Bezos Family Foundation & the Bezos Earth Fund
Philanthropy works: Jeff Bezos has
5. Sergey Brin
Sergey Brin is CEO and co-founder of Alphabet Company. He was the one with his fellow who developed the world highest used web browser google.
Total net worth: $115 billion
Forbes Philanthropy Score: Sergey Brin Forbes Philanthropy Score is also 2 which means that he has given away up to 4.9% wealth in Philanthropy.
Charity foundations: Sergey Brin Family Foundation
Philanthropy works: Sergey Brin has donated almost $1.1 billion for Parkinson’s research to his foundation, moreover he has also contributed a lot in education, health and sciences improvement to many foundations including Zuckerberg foundation. He is the biggest donor for Parkinson’s disease in the world.
6. Larry Page
CEO and co-founder of Alphabet Company. He was the one with his fellow who developed the world highest used web browser google.
Total networth: $122 billion
Forbes Philanthropy Score: Larry page Forbes Philanthropy Score is also 1 which means that he has given away up to 1% wealth in Philanthropy.
Charity foundations: Carl Victor Page Memorial Foundation
Philanthropy works: His Carl Victor Page Memorial Foundation which was named after his late father is one of the biggest Philanthropy foundations in the United States which has given a huge amount of $6.1 Billion charity to DAF and other foundations.
7. Elon Musk
Total net worth: $228 billion
Forbes Philanthropy Score: Elon Musk Forbes Philanthropy Score is also 1 which means that he has given away up to 1% wealth in Philanthropy.
Charity foundations: Musk Foundation
Philanthropy works: Musk has done a lot for mankind as he is putting his money on the line making space explorations, working on renewable resources of energy and on education of science and physics. He is also working on AI for the betterment of the world.
8. Bernard Arnault
Bernard Arnault is a French businessman who owns LVMH Company which sells luxury goods in the whole world. He owns 98% of Christian Dior Ownership Stake.
Total net worth: $164 billion
Forbes Philanthropy Score: Bernard Arnault Forbes Philanthropy Score is 1 which means that he give away less than 1% of his networth every year.
Charity foundations: He doesn’t have any personal or private charity foundation.
Philanthropy works: Bernard Arnault gave $10 billion of donations for the arts and historical building renovation in France moreover he also made donation of $10 million to a food bank in France.
9. Mackenzie Scott
Mackenzie Scott is the ex-wife of co-founder of Amazon Jeff Bezos and she is also a novelist and Philanthropist.
Total net worth: $34.5 billion
Forbes Philanthropy Score: Her Forbes Philanthropy Score is 5 which means that he has given away 20% or more wealth in Philanthropy.
Charity foundations: Yield Giving
Philanthropy works: Her foundation has given almost $10 billion for the improvement of climate and racial equality.
10. Melinda French Gates
She is the ex wife of Bill gates and a famous Philanthropist.
Total net worth: $10.1 billion
Forbes Philanthropy Score: : Her Forbes Philanthropy Score is 5 which means that he has given away 20% or more wealth in Philanthropy.
Charity foundations: Pivotal Ventures Foundation
Philanthropy works: Her foundation is working on the development of women and women’s equality helping them to start up their businesses.
Conclusion
Bill Gates, Melinda French Gates, Warren Buffett, Jeef Bezos and Mark Zuckerberg have their own foundations which are helping people in different fields like education, health and in getting their rights and moreover, other all billionaires are also giving a lot to charity cause. Elon Musk is working on science education, Sergey Brin is working on Parkinson’s disease; and Lery Page to DAF Foundation. Check Also How The Top 10 Richest Tech Billionaires Made Their Fortunes