When you think of the word “Philanthropist“, people such as Bill & Melinda Gates, Warren Buffett & Oprah Winfrey may come to mind. These are just a few of the many super rich that have devoted their lives to changing the world for the better through the riches and Success they have made over their lives.
Read on to see the list of the Top 25 Richest Millionaires & Billionaires donated their money to make this world a better place.
Billionaires Giving Away Money!
#10 Larry Ellison
Net worth: $39.5 billion (via Forbes)
Beneficiary: Ellison Medical Foundation
Background: Ellison, the founder of Oracle, started his foundation in 1997 for biomedical research.
#9 Bennett S. LeBow
Net worth: Not available
Beneficiary: Drexel University
Background: LeBow is the chairman and CEO of Borders and chairman of the Vector Group, a holding company for manufacturers of cigarettes. He’s a graduate of Drexel and the university’s business school bears his name.
#8 (tie) P. Roy and Diana Vagelos
Net worth: $535 million (via the National Herald)
Beneficiary: Columbia University Medical Center
Background: Dr. Vagelos is the former CEO and chairman of pharmaceutical giant Merck. He’s an alumnus of the medical school associated with the hospital.
#7 Bill and Karen Ackman
Net worth: $700 million (via Forbes)
Beneficiary: Pershing Square Foundation
Background: Ackman is the founder of New York-based hedge fund Pershing Square Capital Management. Along with his wife, he created the Pershing Square Foundation in 2006 to support education, human rights, social entrepreneurship, and other causes.
#6 Pierre and Pam Omidyar
Net worth: $6.2 billion (via Forbes)
Beneficiaries: HopeLab, Humanity United, Omidyar Network, and the Ulupono Initiative
Background: Omidyar is the founder of eBay. His wife is the chairwoman of HopeLab, a nonprofit that develops technology to benefit chronically ill children.
#5 Juanita Kious Waugh
Net worth: Not available
Beneficiaries: The Mayo Clinic, Saint Joseph’s College in Indiana
Background: Waugh, who passed away last year, managed her family’s farms and was the heir to part of their cattle, farming and banking fortune. She and her parents had been patients of the Mayo Clinic.
#4 Terrence and Kim Pegula
Net worth: $3.1 billion (via Forbes)
Beneficiary: Pennsylvania State University
Background: Pegula founded East Resources, an oil and gas exploration and development company, which he sold to Royal Dutch Shell in 2010 for $4.7 billion. The donation from Pegula, an alumnus, will go towards the university’s hockey program.
#3 (tie) Mark Zuckerberg
Net worth: $17.5 billion (via Forbes)
Beneficiary: Startup: Education
Background: Zuckerberg, the founder of Facebook, made a huge donation to his own foundation, which will support programs that benefit the school system in Newark, N.J. The sum will be paid out over five years.
#2 Michael R. Bloomberg
Net worth: $19.5 billion (via Forbes)
Beneficiaries: Arts, human services, public affairs, and other groups
Background: The founder of Bloomberg LP and Mayor of New York city gave to 970 different nonprofit groups in 2010. Since 2004, the first year the Philanthropy list was published, he has given away well over $100 million annually.
#1 George Soros
Net worth: $22 billion (via Forbes)
Beneficiary: Open Society Foundations
Background: Soros is a financier and the chair of Soros Fund Management, which manages hedge funds. He’s also the founder of Open Society Foundations, which supports human rights organizations and democratic institutions.
Source: Chronicle of Philanthropy
That is only a few of the Millionaires & Billionaires who have donated their money, for whatever reason! One of the coolest things about making a ridiculous amount of money is being able to use it, the way you see fit.
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