As you become rich your dreams will also become high. You will plan to buy the most expensive car, buy luxury goods, make holiday trips to exotic places…and the list will go on. But how many of you will think to share your portion of luxury and comfort to those homeless, hungry and needy lot. Very few actually…Let us list the top ten richest Philanthropists who gave away huge amounts to charities, scientific research and various other social causes.
1. George Soros
Amount Donated in 2010: $332 Million
Net Worth: $22 Billion
Beneficiary: Open Society Foundations
Soros is the founder of Open Society Foundations, a society that stands for the equality in political, legal and economic systems and fights for the fundamental rights. Soros is also a financer, investor and the chairman of the Soros Fund Management. His money doesn’t blind his eyes and is well aware of his role as a social worker.
2. Michael R. Bloomberg
Amount Donated in 2010: $279.2 Million
Net Worth: $19.5 Billion
Beneficiaries: Arts, Human Services, Public affairs and other Groups
Bloomberg is a great philanthropist as well as a business giant. He is the founder of Bloomberg L.P. and the Mayor of New York City. Michael R. Bloomberg contributed a sum of $279.2 million for 970 different nonprofit groups in 2010. He had donated $100 million for charity purposes in 2004 which made him appear in the Philanthropy list of the year.
3. T. Denny Sanford
Amount Donated in 2010: $162.5 Million
Net Worth: $600 Million
Beneficiaries: Sanford-Burnham Medical Research Institute, Sanford Health Foundation and the Florida Hospital for Children.
Sanford, a great business man and a philanthropist, is the chairman and CEO of United National Corporation. In 2007, he donated $400 million to Sioux Valley Hospitals and Health System, which later was renamed into Sanford Health Foundation. As per the findings of the wikipedia, Sanford’s total philanthropic contributions exceed $500 million till date. He was also included in the list of the top 50 most generous philanthropists in November, 2006.
4. Irwin and Joan Jacobs
Amount Donated in 2010: $119.5 million
Net Worth: $1.15 Billion
Beneficiaries: University of California at San Diego Health System, Joan and Irwin Jacobs Fund at the Jewish Community Foundation of San Diego.
Irwin Jacob is the co-founder and former chairman of Qualcomm, a wireless communication company. This electrical engineer with his wife Joan helps intelligent students in the fields of Engineering and Computer Science through various scholarships and fellowships. They also contribute largely for UCSD Health Systems.
5. Edythe and Eli Broad
Amount Donated in 2010: $118.3 Million
Net Worth: $6.3 Billion
Beneficiary: Broad Foundations
Eli Broad is an innovative entrepreneur and remarkable philanthropist. He is the founder and chairman of Kaufman and Broad Home Corporation which is other wise known as KB Home. To help the people who are good in science, arts and education Eli founded a non-profitable organization called Broad Foundations. The company funds scientific research, civic programs and contemporary art museums. The company is also supporting an art museum in Los Angeles called ‘Eli and Edythe Board Art Museum.’
6. Leonard Blavatnik
Amount Donated in 2010: $117.2 Million
Net Worth: $10.1 Billion (via Forbes)
Beneficiary: University of Oxford
Blavatnik, a business magnet, is the founder of a major investment company ‘Access Industries’. He donated £75 million to Oxford University as a means to establish a new School of Government. This school is being founded with the aim of improving Government and public-policy practices globally. He also funds a ‘Colel Chabad’, a food bank and warehouse which supply food to 5,000 poor families in Israeli cities.
7. Frances Lasker Brody
Amount Donated in 2010: $110 Million
Net Worth: Not Available
Beneficiary: The Huntington Library, Art Collections and Botanical Gardens
Brody inherited the fortunes of her father, an Advertising pioneer and her husband, Sidney Brody, a real estate mogul. Brody who was a member of the Huntington Library’s broad of overseers, passed away in 2009. Brody’s main source for the charity donations was her vast art collection.
8. T. Boone Pickens
Amount Donated in 2010: $101 Million
Net Worth: $1.45 Billion
Beneficiary: Oklahoma State University and other charities
Pickens is a financier and the Chairman of BP Capital Management, a Hedge Fund. He has also founded an oil company ‘Mega Petroleum’. Being an Oklahoma State University graduate, he financially supports the Stillwater campus of Oklahoma State University (OSU). He also aids the deserving students to continue with their studies through various scholarships.
9. Meyer and Renee Luskin
Amount Donated in 2010: $100.5 Million
Net Worth: Not Available
Beneficiary: University of California at Los Angeles
Meyer Luskin is the Chairman of an animal-feed ingredient manufacturer company Scope Industries. Meyer did his graduation from the University of California at Los Angeles. Meyer, along with his wife Renee contributed $100 million for the university. This donation will fund the university’s School of Public Affairs. The couple also contributed a sum of $500,000 in 2010 to the university’s David Geffen School of Medicine.
10. 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
Lynne Benioff is the chairman and CEO of a cloud computing company called salesforce.com. He introduced the 1/1/1 Integrated Philanthropic concept which means 1 percent of profits, 1 percent of equity and 1 percent of employee hours of his company will be used for charity purposes. Many giants like Google follow this concept.