As 14th February is the day of love, what else is the love if not spreading your own wealth in the finance world? Pioneering American philanthropist Andrew Carnegie once set the standard for giving back: “No man can become rich without himself enriching others,” he said. “The man who dies rich dies disgraced.”
Scores of the world’s wealthiest people have taken to his philosophy, donating their riches to hundreds of causes. We will show you 10 individuals who are the top philanthropists in the world.
10. George Kaiser
Lifetime donations: $3.3 billion
Net worth: $9.3 billion
Generosity Index: 35%
George Kaiser, chairman of BOK Financial Corporation, also founded the George Kaiser Family Foundation, which gives to educational, health, religious, social, and community-development-related causes, includingthe Tulsa Community College Foundation, Oklahoma City Educare, National Energy Policy Institute, the Tulsa Community Foundation and the University of Tulsa.
In 2010, Kaiser joined the Giving Pledge, vowing to donate half of his fortune to charity.
9. Eli Broad
Lifetime donations: $3.3 billion
Net worth: $7.3 billion
Generosity Index: 45%
Through The Broad Foundation, KB Home cofounder and former SunAmerica CEOEli Broadinvests in public education, science, and the arts.
The organization operates as two entities,The Eli and Edythe Broad Foundation and The Broad Art Foundation, both of which aim to improve communities and advance entrepreneurship.
A resident of California, Broad gives back to his home state – and the arts – through donations to the Museum of Contemporary Art, Los Angeles and the Los Angeles County Museum of Art.
8. Carlos Slim Helú
Lifetime donations: $4 billion
Net worth: $27.3 billion
Generosity Index: 15%
The foundation has invested $100 million in the World Wildlife Fund toward efforts to conserve Mexico’s natural environment, and in 2012, it gave $3 million to help provide internet to Latino families living in the US, in addition to many other donations to international organizations.
Slim Helú also serves as chairman of the Telmex Foundation, which strives to improve the quality of life in Mexico, his home country.
7. Gordon Moore
Lifetime donations: $5 billion
Net worth: $6.5 billion
Generosity Index: 77%
Gordon Moore cofounded Intel in 1968, but these days he is focused on philanthropy. He retired from his corporate positions in 2006, and currently runs the Gordon and Betty Moore Foundation with his wife.
The foundation aims to make an impact in environmental conservation, patient care, science, and the San Francisco community, and has wide-spanning programs that include everything from theMarine Conservation Initiativeto the Thirty Meter Telescope.
6. Sulaiman bin Abdul Aziz Al Rajhi
Lifetime donations: $5.7 billion
Net worth: $590 million
Generosity Index: 966%
Back in 1957,Sulaiman bin Abdul Aziz Al Rajhicofounded Al Rajhi Bank with his three brothers. It grew into one of the world’s largest Islamic banks and earned Al Rajhi a 10-digit net worth.
But in 2013, he shifted his focus toward philanthropy and endowed his holdings in the bank to Sulaiman bin Abdul Aziz Al Rajhi Endowments Holding Company, which supports educational, religious, health, and social causes, including theArab Institute for Arabic Language, National Guard Health Affairs, and the Sheikh Sulaiman bin Abdul Aziz Al Rajhi Mosque in Riyadh, Saudi Arabia.