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The Top 25 Millionaires & Billionaires That Are Using Their Money To Save The World
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 giving away their money to make this world a better place.
Billionaires Giving Away Money
#25 Lee and Jane Seidman
Amount donated in 2010: $42 million
Net worth: Not available
Beneficiary: University Hospitals in Cleveland
Background: Seidman is the retired founder and president of the Motorcars Group, a Cleveland-based conglomerate of car dealerships. He pledged in 2010 to give away 90% of his wealth before the end of the year.
#24 Larry Ellison
Amount donated in 2010: $45.1 million
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.
#23 Bennett S. LeBow
Amount donated in 2010: $49 million
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.
#19 (tie) P. Roy and Diana Vagelos
Amount donated in 2010: $50 million
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.
#19 (tie) Paul Ichiro Terasaki
Amount donated in 2010: $50 million
Net worth: Not available
Beneficiary: University of California at Los Angeles
Background: Dr. Terasaki is a pioneer in the field of organ transplant medicine. In 1946 he developed the test that became the international standard method for tissue typing. He conducted his research in the university’s laboratories.
#19 (tie) Ming Hsieh
Amount donated in 2010: $50 million
Net worth: $1.6 billion (via Forbes)
Beneficiary: University of Southern California
Background: Hsieh founded AMAX Information Technologies, a computer server and storage systems maker, and Cogent, which develops automated fingerprint-identification systems. He’s a graduate of the school, as well as a trustee.
#19 (tie) Ned Evans
Amount donated in 2010: $50 million
Net worth: $6.5 billion (via Boston Magazine)
Beneficiary: Yale University
Background: Evans, who passed away last year, was a private investor and the chairman of publishing company Macmillan from 1979 to 1989. He was also a well-known horse breeder, as well as an alumnus of Yale.
#18 Charles E. Kaufman
Amount donated in 2010: $53.3 million (estimated bequest)
Net worth: Not available
Beneficiaries: The Pittsburgh Foundation and other charities
Background: Kaufman, who passed away last year, was an investor and the former director of purchasing at pharmaceutical company Merck. His gift will support research in biology, chemistry, and physics
#17 Bill and Karen Ackman
Amount donated in 2010: $59.3 million
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.
#16 Pierre and Pam Omidyar
Amount donated in 2010: $61.5 million
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.
#15 Henry C. Jr. and Jane Woods
Amount donated in 2010:$67 million (bequest)
Net worth: Not available
Beneficiaries: Lawrenceville School and North Shore Country Day School
Background: Woods is the heir to the Sahara Coal Company fortune. The bulk of last year’s donation went to the Lawrenceville School, a private school in New Jersey from which he graduated and where he was a longtime teacher and chair of the English department.
#14 David and Patricia Atkinson
Amount donated in 2010: $80 million
Net worth: Not available
Beneficiary: Cornell University
Background: Atkinson is a former partner of Miller, Anderson & Sherrerd, a money management firm. He now runs Atkinson & Company, a private investment business he owns with his wife. Their gift went towards a research center focusing on energy, sustainability and the environment.
#13 Juanita Kious Waugh
Amount donated in 2010: $83.7 million (estimated bequest)
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.
#12 Terrence and Kim Pegula
Amount donated in 2010: $88 million
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.
#10 (tie) Mark Zuckerberg
Amount donated in 2010: $100 million
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.
#10 (tie) Marc and Lynne Benioff
Amount donated in 2010: $100 million
Net worth: $1.9 billion (via Forbes)
Beneficiary: University of California at San Francisco Children’s Hospital
Background: Benioff is the founder of Salesforce.com. His daughter was born at the hospital, and he is a member of its board.
#9 Meyer and Renee Luskin
Amount donated in 2010: $100.5 million
Net worth: Not available
Beneficiary: University of California at Los Angeles
Background: Luskin is the chairman of Scope Industries, a major maker of animal feed. He is a graduate of UCLA and the couple’s gift will go towards a variety of academic programs.
#8 T. Boone Pickens
Amount donated in 2010: $101 million
Net worth: $1.45 billion (via Forbes)
Beneficiaries: Oklahoma State University and other charities
Background: The founder of oil company Mesa Petroleum and energy investment firm BP Capital, Pickens is a graduate of OSU. His donation will endow need-based scholarships for students.
#7 Frances Lasker Brody
Amount donated in 2010: $110 million (estimated bequest)
Net worth: Not available
Beneficiary:The Huntington Library, Art Collections, and Botanical Gardens
Background: Brody, who passed away in 2009, was the heir to both the fortune of her father, an advertising pioneer, and her husband Sidney Brody, a real estate magnate. She was a member of the library’s board of overseers, and her donation was largely funded by the sale of her vast art collection.
#6 Leonard Blavatnik
Amount donated in 2010: $117.2 million
Net worth: $9.5 billion (via Forbes)
Beneficiary: University of Oxford
Background: Blavatnik is the founder of Access Industries, a major holding company. He did not attend Oxford, but decided the university was the right choice after learning that it wanted to create a school dedicated to “improving government and public-policy practices globally.”
#5 Edythe and Eli Broad
Amount donated in 2010: $118.3 million
Net worth: $6.3 billion (via Forbes)
Beneficiary: Broad Foundations
Background: Broad is the founder and chairman of homebuilder KB Home Corporation and financial services company SunAmerica. The couple’s foundation supports civic programs, contemporary art museums, education, and medical and scientific research. Broad is also funding a new art museum in Los Angeles.
#4 Irwin and Joan Jacobs
Amount donated in 2010: $119.5 million
Net worth: $1.15 billion (via Forbes)
Beneficiaries: University of California at San Diego Health System, Joan and Irwin Jacobs Fund at the Jewish Community Foundation of San Diego
Background: Jacobs is a co-founder of Qualcomm, the wireless communications company. The bulk of their donation went to the UCSD health system, which is building a new medical center to be named after the couple.
#3 T. Denny Sanford
Amount donated in 2010: $162.5 million
Net worth: $600 million (via The Daily)
Beneficiaries: Sanford Health Foundation, Sanford-Burnham Medical Research Institute and the Florida Hospital for Children
Background: The noted philanthropist is chairman of United National Corporation, a banking business in South Dakota. His most recent gift to his foundation will establish a national institute for research and treatment of breast cancer.
#2 Michael R. Bloomberg
Amount donated in 2010: $279.2 million
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
Amount donated in 2010: $332 million
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