10 List of Millionaires Who Give Away Money To Individuals 2019 - The rich people in the world today feel that they are responsible for making significant social changes. Their massive wealth cannot just stay in their possession without helping them or any other person. That is why they have engaged themselves with the philanthropy activities of making a difference in peoples lives. They do this by coming up with charitable foundations that are geared towards education, alleviating poverty in third world countries among other 21st century problems.
In the modern day society, rich people have become the source of donation to improve health, education and living standards. The following list shows the most generous rich people who make these improvements possible.
Warren Edward Buffet is an American businessman, speaker, investor and philanthropist who is the chairman and Chief executive Officer of Berkshire Hathaway. His net worth is eighty-two point five billion dollars.
Even after donating billions to a charity he still ranked second among the wealthiest people in the United States in 2009. In 2006 he announced that he would give 83% of his wealth to The Bill and Melinda Gates Foundation. Warren Buffet is in the Gates Foundation board but is not involved in the management of its finances.
When Warren Buffett wife died in 2004, a massive amount of her estate valued at two point six billion went to the Gates Foundation instead of the Buffett Foundation. He served as an adviser to the Nuclear Threat Initiative where he pledged fifty million dollars. He also raised money for Girls inc by auctioning his 2001 Lincoln Town Car on eBay.
Warren Buffett's family private foundations include Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G Buffet Foundation, and NoVo Foundation.
Warren Buffet donated 2.86 billion in 2016 to some charities. His donations have created a giveaway program. Through his acts of kindness, he gives approximately 99% of his revenue through the Melinda and Bill Gates program called the giving pledge.
Chuck Feeney is an American businessman who founded The Atlantic Philanthropies. It is among the largest private institutions in the world. He initially co-founded the Duty-Free Shoppers Group. He secretly gave away his fortune until his identity exposed in 1997.
In 1984 Chuck Feeney secretly transferred his stake in Duty-Free Shoppers Group worth 500 million dollars to The Atlantic Philanthropies foundation. Cornel University Chuck Feeney's alma mater was his largest single beneficiary. Through his foundation, he has donated almost one billion to third level education institutions. In Ire land he funded the Sinn Fein nationalist party and also contributed to Ireland's peace efforts.
Chuck Feeney is also a signatory to The Giving Pledge. He has been dubbed the James Bond of philanthropy due to his success and secrecy.
Timothy Cook is an American entrepreneur and has a professional background in industrial engineering. He is the CEO of Apple Inc. He is a member of the board of directors of National Football Foundation and Nike. He is also a trustee of the Duke University.
During an interview with Fortune Magazine, Tim Cook revealed signing the Giving Pledge. He decided to donate a majority of his earnings making him join the list of philanthropists such as Bill Gates, Warren Buffet among others.
Also, Tim Cook takes part in other charitable activities that regard social issues. A league about anti-defamation received one million dollars from his charity fund. In another instance, he also helped the victims of the Sandy Hurricane victims by donating 2.5 million to the RedCross Organisation.
Stanford receives over fifty million dollars from Cook as part of his support to education. Due to all these donations, he deserves a place in the list of the millionaires who gave away money in 2019.
He is a philanthropist and media tycoon. He is the founder of CNN (Cable News Network). He is also the founder of WTBS which was later known as TBS. He donated one billion to the United Nations Foundation which is a charity for expanding domestic support for the United Nations. Turner is the chairman of the United Nations Foundation board of directors.
In 2001 he co-founded the Nuclear Threat Initiative which is a nonpartisan organisation geared towards reducing global reliance on nuclear energy. This organisation also helps in preventing the use of biological, nuclear and chemical weapons.
Ted Turner funds environmental activities heavily. He has granted over 17 million dollars to the League of Conservation Voters. He has also granted a million dollars to create the Turner Endangered Species Fund. He has funded conservation societies, land trusts, the Environmental Defense Fund among others.
Turner has also funded over a thousand projects through the Captain Planet Foundation which are spearheaded by kids. These projects improve their school and community environment.
Turner also helped establish the United Nations Foundation and also pledged one billion to support its mission. He grants over fifty million dollars annually to meet this pledge. He also donated over thirty million dollars to the Department of State in 2001. He has made some significant contributions to Heifer International and Better World Fund.
J.K Rowling is a British philanthropist, novelist, film producer, screenwriter, and television producer. She is best known for writing the Harry Potter series. Despite being in the arts industry, she also participates fully in philanthropical activities.
The Volant Charitable Trust formed in 2000. The annual budget of five point one million euros helps to combat social inequality and poverty. Organisations that aid one parent families, children and multiple sclerosis research also benefit from the fund.
Rowling is the president of the Gingerbread charity organisation that deals with one parent families. Comic Relief the UK based anti-poverty benefit from her fund that has raised over fifteen million euros. She also funds research for the treatment of multiple sclerosis which her mother suffered in 1990 before her death.
Lee and Jane Seidman do not allow age to take away their passion for philanthropy. Due to their generosity, they are viewed as selfless and minimising their self-importance. Lee Seidman, the founder of Motorcars group, donated 90% of his income. Due to their generosity, they earn a place in the list of millionaires who give away money in 2019.
Their attention is mainly on health issues. In 2011 they built the University Hospitals Cancer Center by donating over forty-two million dollars. They funded the reconstruction of the Ursuline College gymnasium after a tornado damaged it in 2013.
Bennett S. LeBow is an American philanthropist and businessman. He is the chairman of the board of Vector Group. Among his philanthropy activities is supporting his alma mater Drexel University. In 1998 he contributed ten million dollars to the institution.
Due to this contribution, the college of business was named Bennett S. LeBow College of Business in his honour. In 2011 he was named the 23rd most charitable donor by The Chronicle of Philanthropy. He donated more than forty-nine million dollars for charity purposes.
Paul Ichiro Terasaki was a scientist in human organ transplant technology. His organisation, One Lambda has significantly contributed to the development of transplantation surgery and tissue typing.aHe donates over fifty million dollars to UCLA College of Letters and Science more specifically to the Division of Life Sciences. The money is used to fund a building in the division named as Terasaki Life Sciences Building in his honour.
To Yale School of Management which was his alma mater Yale University. The Edward P. Evans Hall adopted his name in his honour. Before his death, he donated fifty million dollars. He gave over fifty million dollars for the Yale School of Management for the construction of the B school campus. His donation brought a new curriculum development in 2006.
He shows up in the list of millionaires who give away money. The reason is the possibility of the relocation of the campus which was in the northern gateway to move to the university campus.
Bill Ackman is an American businessman, philanthropist and hedge fund manager. He is the CEO and founder of Pershing Square Capital Management. Bill Ackman headed an effort of retiring thirty million dollars of debt of the Centre for Jewish History. He donated over six million dollars. His foundation also donated over one million to Innocence Project and Centurion Ministries. He is also a signatory of The Giving Pledge where he gives over 50% of his wealth.
The Pershing Square Foundation which he co-founded alongside his wife supports healthcare, innovation, education, human rights, urban development, and the arts. The Pershing Square Foundation was formed; over four hundred million dollars have been committed in social investments and grants.
The article has given you sufficient information about the generous rich guys out there. Their stories are motivating and encouraging. Many of us resolve into following their similar paths in life. It doesn't matter how much you have but always remember that no act of kindness no matter how small is ever wasted.