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Soros, a longtime former hedge fund manager, has an estimated net worth of $8.6 billion, meaning he has given about two-thirds of his original fortune away. Other notable individuals who received a 4 include Napster co-founder Sean Parker, financier and former New York governor Michael Bloomberg, and the businessman Barry Diller. Altogether she's disclosed a collective $12.7 billion in donations to more than 1,200 organizations since the middle of 2020. Forbes 400 (2022) Personal Stats. The former New York City mayor and Bloomberg LP cofounder has poured more than $12 billion into charitable causes, including $1.6 billion over the past year, according to his Bloomberg Philanthropies, focusing on climate change, gun safety and public health. But only twoChuck Feeney and Soros (who has not signed The Giving Pledge)have hit the mark so far. We weighted these two factors equally and scored people accordingly. He also scored the lowest for Philanthropy (1 out of 5). Those receiving a philanthropic score of 4 (meaning they have given between 10 percent and 19.99 percent of their wealth) include Bill and Melinda Gates ($111 billion, #2), former New York City mayor andBloomberg PhilanthropiesfounderMichael R. Bloomberg($55 billion, #14), Home Depot co-founderBernard Marcus and his wife, Billi($7.4 billion, #72), andParticipant MediaandSkoll FoundationfounderJeff Skoll($5.5 billion, #115). In September, Forbes released its new Forbes 400 philanthropy score, formed in partnership with Global Citizen, to assess how the 400 wealthiest billionaires in the US give directly to charities and nonprofits. In percentage terms, George Soros has donated more than any other Forbes 400 member. Get the latest nonprofit news, funding opportunities, job openings, and more delivered to your inbox with Philanthropy News Digest newsletters. Philanthropy score: First, we estimated each billionaires total lifetime giving, delving into public filings, tax forms, press reports and more. As part of its annualForbes 400package,Forbes, in partnership withGlobal Citizen, has unveiled an enhanced Philanthropy 400 score that counts grants billionaires put toward actual charitable uses rather than assets parked in their foundations. Not far behind (and maybe even ahead): MacKenzie Scott, whose shoestring operationshe has no foundation and gives her wealth away in stealthdonated $5.8 billion to 500 different groups across the country in 2020. The funds, as usual, went to The Bill and Melinda Gates Foundationwhere they are being put to work on poverty and healthcare initiatives, including research and vaccines for Covid-19plus to foundations set up by his late wife and three children. From left to right: Noubar Afeyan, Laurene Powell Jobs, Jeff Bezos, Victor Boyko/Getty Image, Steve Jennings/Getty Images, Michael Prince for Forbes. Credit: Wikipedia Commons. A key area of support was toward initiatives that advance racial, gender and economic equity. Some billionaires were willing to share information on charitable giving for the 2019 list who didnt in 2018. Thats up from $149 billion last year, partly due to new information uncovered by Forbesbut mostly due to another year of huge giving by these 25 mega-donors. While some billionaires provided documentation for their private assets and companies, others were less forthcoming. As a result, four dozen people got higher scores this year than a year ago. The biggest giver of the bunch, in terms of dollars donated, is Berkshire Hathaways Warren Buffet. Feeney, who cofounded the Duty Free Shoppers retail chain in 1960, began by donating parts of his fortune anonymously but eventually went public with his Giving While Living idea, which influenced the Gateses and Buffett to launch The Giving Pledge in 2010. He made headlines last year after his civic engagement organization Luminate helped Facebook whistleblower Frances Haugen with press and government relations. As humanitarian funding gets diverted to COVID-19, areas such as education, food production, womens rights, and more are receiving less financing. The score ranks list members on a scale of 1 to 5, with 5. In many cases, fortunes grew faster than lifetime philanthropic giving. Membership in the Giving Pledge includes 131 couples, 79 single males, and 10 single women. Bill Gates received a score of 4 in the index, meaning he gave between 10% and 19.99% of his wealth to charity. In April 2018, Soros, who fled his home country Hungary during World War II, launched a $10 million emergency assistance fund to help Rohingya Muslims fleeing Myanmar during an ethnic cleansing campaign. We scored each Forbes 400 member on a scale of 1 to 5, based on their giving as a percentage of net worth. And as the company that made them billionaires ventures further into the cloud, the Ballmers have pledged at least $59 million to help nonprofits and public sector social service organizations do the same by 2023. The New Forbes 400 Philanthropy Score: Measuring Billionaires' Generosity An attorney for Sanford has said that authorities "did not find information or evidence that supported or resulted in any criminal charges, though earlier this month ProPublica reported that the investigation remains ongoing. Then, in December, Scott published a Medium post mentioning that shed made another round of giftsbut provided no details on who got the grants or how much she doled out. April 26, 2023. Billionaires (2023) #369. Some billionaires worked with Forbes; others refused to cooperate, citing privacy concerns and/or religious beliefs. Today Forbes released the 40th edition of our flagship Forbes 400 list of Americas wealthiest people. Recipients included both disrupted schools and individuals in need of direct cash assistance. HERE'S A GUIDE TO EACH SCORE. We acknowledge that some of our lifetime giving estimates may be low because of a lack of transparency, since it's possible to make charitable gifts anonymously. We did not count money put into donor-advised funds. In a few instances, we also used some lifetime-giving information from Boca Raton-based firm SHOOK Research. In those instances, we listed both names. var pageHeadlineProps = { Of course, with markets riding high, its easier to dole out billions. pageHeadlineProps Leading the pack: Warren Buffett, whose annual summer gift of Berkshire Hathaway stock topped $4.1 billion this year. Of. (To calculate giving as a percent of net worth, we added the value of the gift to the September 2018 net worth and then divided lifetime giving into that amount.). Harry Stine - Forbes Philanthropy Score 1. The most prolific giver in the Forbes ranking was George Soros, whose $16.8 billion of giving has outsized his $8.6 billion net worth. At the end of 2021, CZI announced a new, ten-year, $3.4 billion initiative focusing on measuring and analyzing biological processes in the human body. Forbes doesn't provide a philanthropy score for the many U.S. billionaires who don't rank among the richest 400 Americans. In August 2021, Caltech revealed that Bren had donated $100 million to the school in 2013 for its Space-based Solar Power Project, which is working to develop technology to generate solar power in space and beam it back to Earth. List members about whom we could find no charitable giving information received an N.A. Elon Musk, in second place, saw his personal wealth almost triple in the last year. Self-Made Score 10. 2018 Forbes 400 Philanthropy Scores Chart, Only 29 of Americas 400 richest were given the highest possible score. Only eight on 2021 Forbes 400 list receive top philanthropy score Theres a lot of work to be done, 30-year-old crypto billionaire Sam Bankman-Fried told Forbes in 2021 regarding his own giving. Though weve been at it a long time, our reporters always dig deep to uncover new details. He noted in a statement that he has now given away half of his original Berkshire stake and wondered whether it would have been better to wait longer to start giving, as the value of those shares would have increased to $100 billion. Americas most high-profile philanthropic couple, Bill Gates and Melinda French Gates, surprised many when they announced in May they were divorcing after 27 years of marriage. Forbes releases their list of the most wealthy and also ranks the most philanthropic. George Bishop - Forbes His lawyers say the case is politically motivated. The Forbes Philanthropy Score 2022: How Charitable Are The - MSN When measured as a percentage of net worth, the most generous giver is renowned hedge fund manager George Soros, who has donated 64% of his original fortune. Others scored higher because we were able to find more information about their lifetime giving, through new public documents or details provided to us by Forbes 400 members or their spokespeople.

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