The richest person in the world made the largest charitable contribution in 2020. It emerges from The Chronicle of Philanthropy’s annual list of top donations, a $ 10 billion gift designed to help fight climate change.
Amazon founder and CEO Jeff Bezos, whose Forbes magazine is valued at around $ 188 billion (around Rs.13.76.800) in real time, used the contribution to launch his Bezos Earth Fund. The fund, which supports nonprofit organizations involved in the climate crisis, has paid out $ 790 million (around Rs.5,800 billion) to 16 groups to date. according to the chronicle.
Aside from Bezos’ whopping gifts, the total of the top 10 donations last year was $ 2.6 billion (about 19,000 rupees), the lowest since 2011, though many billionaires made their fortunes significantly in the stock market rally, especially in the Technology stocks catapulted last year. According to Among Leftist Americans for Tax Justice and the Institute for Political Studies, Bezos’ net worth rose 63 percent from March 18 to December 7, 2020, from $ 113 billion (about Rs. 8.27,600) to $ 184 billion (about $ 8 , 27,600 rupees) 13,47,600 crores).
Phil Knight, who with his wife Penny made the second and third largest donations according to Chronicle last year, increased his fortune by around 77 percent in the same period from March to December. Knight and his wife donated more than $ 900 million (approximately rupees 6,600) to the Knight Foundation and $ 300 million (approximately rupees 2,200) to the University of Oregon.
Fred Kummer, founder of the construction company HBE Corporation, and his wife June donated $ 300 million (approximately Rs.2,200) to create a foundation to support programs at the Missouri University of Science and Technology.
Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, made the fourth largest donation on the Chronicle’s list: a gift of $ 250 million (approximately Rs.1,800 million) to the Center for Tech and Civic Life , which looked at voting issues in the U.S. 2020 election. Zuckerberg, whose net worth nearly doubled to $ 105 billion (approximately Rs 7.68.900 billion) from March to December, according to the Americans for Tax Fairness and the Institute for Policy Studies , has been widely criticized and asked to testify before Congress about his company’s handling of disinformation in the run-up to the 2020 presidential election.
In fifth place was Arthur Blank, co-founder of Home Depot, who donated $ 200 million (approximately rupees 1,460 million) through his foundation to child health care in Atlanta to build a new hospital.
Bezos and the Zuckerbergs were next on last year’s top 10 list with donations of $ 100 million (approximately Rs.730 million) – Bezos for Feeding America to support food banks across the country and the Zuckerbergs for the same electoral security group.
They were followed by Stephen Ross, founder of the Real Estate Company Related Companies; David Roux, co-founder of Silver Lake, a private equity firm, and his wife Barbara; George and Renee Karfunkel, real estate investors; Bernard Marcus, co-founder of Home Depot; and Charles Schwab, founder of Schwab Financial Services, and his wife Helen.
Two billionaires who donated large amounts to charity over the past year, MacKenzie Scott, Bezos’ ex-wife, and Jack Dorsey, co-founder of Twitter, did not make the Chronicle’s list because no single donation was large enough to keep themselves to qualify. In February, The Chronicle will publish its list of the 50 largest donors, which includes cumulative donations rather than individual gifts.
What will be the most exciting tech launch of 2021? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, Download the episodeor just hit the play button below.
Source link : https://gadgets.ndtv.com/internet/news/amazon-jeff-bezos-tops-list-richest-charitable-gifts-2020-usd-10-billion-climate-change-donation-chronicle-of-philanthropy-2348073#rss-gadgets-all