Many of the wealthiest people in the world understand that there is more to life than just being rich. Money cannot buy everything most especially fulfillment. Fulfillment is found when we can get out of our way to practice generosity and extend a hand to others. Some of the world’s wealthiest have already been practicing generosity and that has made them even richer. Here are twelve of them.
We have on the 12th spot, one of the most popular people in millennium, Mark Zuckerberg. He is famously known as the founder of the most popular social media site, Facebook. Zuckerberg is also one of the youngest billionaire to date. Yet at a such a young age, he has already been practicing generosity by promising to donate half of his fortune. The Facebook founder has also donated $25million to fight Ebola and another $75 million to San Francisco General Hospital making a lifetime donation of $1.6 billion from his $40.7 billion net worth, and giving him the generosity index of 4%.
On the 11th rank is Paul Allen, the co-founder of Microsoft. He is also now chairman of Vulcan, a company which he now privately owns. Allen has made a lifetime donation of $2 billion through his Paul G. Allen Family Foundation. He has a generosity index of 12%, having given $5 million to Seattle BioMed, $7 million for Alzheimer’s research and $4 million for shark preservation through Global FinPrint.
Michael Bloomberg is on the 10th place of the most generous list. He has made a lifetime donation of $3 billion as the founder and CEO of Bloomberg, a media company, and the Bloomberg Foundation, a foundation that focuses on education, environmental issues and healthcare. Some of the recipients of the foundation include World Lung Foundation, John Hopkins University and World Health Organization. Bloomberg has got a generosity index of 8%.
The 9th most generous person is George Kaiser, the chairman of BOK Financial Corporation. He is also founder of the George Kaiser Family Foundation which is geared to supporting health, religious, educational, community development and social causes like the Oklahoma City Educare, Tulsa Community College Foundation and the University of Tulsa. Seven years ago, in 2010, Kaiser vowed to donate half his fortune to the charity, the Giving Pledge which gives him a generosity index of 35%.
Eli Broad has earned himself a generosity index of 45% and has placed himself on the 8th rank of the most generous list by making a lifetime donation of $3.3 billion through his The Broad Foundation. As cofounder of KB Home and CEO of SunAmerica, Broad invests in arts, science and public education. His foundation operates at two entities The Broad Art Foundation and the Eli and Edythe Broad Foundation aimed to advance entrepreneurship and improve communities. He also made donations to his home state in the area of arts through the Los Angeles County Museum of Art and the Museum of Contemporary Art in Los Angeles.
Carlos Slim Helú
Carlos discovered the secret to being one of the richest billionaires in the world and that is to be generous. He is now the 7th most generous person in the world and has gained a generosity index of 15% with a lifetime donation of $4 billion. Carlos practices his generosity through his Fundación Carlos Slim Helú which has made investments to World Wildlife Fund amounting to $100 million to conserve the natural environment of Mexico. The foundation also made donations to provide internet to many Latinos who are residing in the US.
Being in the 6th place of the most generous people in the world, Gordon Moore has already made $5 billion lifetime donations out of his $6.5 billion net worth, giving him a generosity index of 77%. He is the cofounder of Intel back in 1968 which makes him one of the richest people on earth. Moore resigned from this position and now runs the Gordon and Betty Moore Foundation along with his wife which supports causes for patient care, environmental conservation and science.
Sulaiman bin Abdul Aziz Al Rajhi
Sulaiman, who is at the 5th spot, has a net worth of $590 million and yet he has made a lifetime donation of $5.7 billion which gives him a generosity index of 966%. He is the cofounder of Al Rajhi Bank in 19577 along with three of his brothers. It is now one of the world’s biggest Islamic banks. He now focuses on philanthropy and has entrusted his bank holdings over to Sulaiman bin Abdul Aziz Al Rajhi Endowments Holding Company which is geared towards education, health and social causes.
Charles Feeney is placed on the 4th spot for having made a lifetime donation of $6.3 billion out of his net worth of $1.5 million which gave him a generosity index of 420,000%. Feeney is known as the James Bond of philanthropy. His mission is to give his entire fortune away which he seems to have successfully done. Feeney’s foundation, the Atlantic Philanthropies, supports healthcare, science, civil rights causes and education.
Azim Premji is the 3rd most generous person in the world and is chairman of Wipro, an IT and Indian consulting company. He also founded the Azim Premji Foundation which aims to help in the reformation of schools in India. Through this foundation, Premji has been able to make $8 billion donations in his lifetime from his net worth of $15.9 billion which gave him a generosity index of 50%.
On the second spot is Warren Buffet, the chairman and CEO of Berkshire Hathaway. He is not only one of the richest people on earth but also the one of the most generous. Buffet promised to give 85% of his entire wealth to the Bill & Melinda Gates Foundation and other foundations. He has made a total of $21.5 billion lifetime donations from his $61 billion net worth which gave him a generosity index of 35%.
On top of our list is one of the richest man alive and is now also the most generous man on earth, Bill Gates. He is cofounder of Microsoft and is also focusing much of his efforts and attention to philanthropy through the Bill & Melinda Gates Foundation together with his wife. The foundation gives grants for works and programs on emergency relief, global health, agricultural development, libraries, education and urban poverty. The foundation has already donated millions to different organizations and agencies like the Rotary Foundation, the Global Fund to Fight AIDS, Tuberculosis and Malaria, WHO and UNICEF just to name a few. Through the foundation, Bill Gates has already made a lifetime donation of $27 billion out of his $84.2 billion net worth which gives him a generosity index of 32%.
What do you think is the key to wealth?
Has generosity been the key to the success of these men?
How generous have we also been?