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Amazon CEO Jeff Bezos Tops List of Richest Charitable Gifts in 2020 With $10-Billion Climate Change Donation

The world’s richest particular person made the single-largest charitable contribution in 2020, in response to The Chronicle of Philanthropy’s annual checklist of prime donations, a $10 billion present that’s meant to assist combat local weather change.

Amazon’s founder and CEO, Jeff Bezos, whose “real-time” price Forbes journal estimates at roughly $188 billion (roughly Rs. 13,76,800 crores), used the contribution to launch his Bezos Earth Fund. The fund, which helps non-profits concerned in the local weather disaster, has paid out $790 million (roughly Rs. 5,800 crores) to 16 teams to date, according to the Chronicle.

Setting apart Bezos’ whopping present, although, the sum whole of the highest 10 donations final yr, $2.6 billion (roughly Rs. 19,000 crores), was the bottom since 2011, at the same time as many billionaires vastly elevated their wealth in the inventory market rally that catapulted know-how shares in specific final yr. According to the left-leaning Americans for Tax Fairness and the Institute for Policy Studies, from March 18 by way of December 7, 2020, Bezos’ wealth surged by 63 %, from $113 billion (roughly Rs. 8,27,600 crores) to $184 billion (roughly Rs. 13,47,600 crores).

Phil Knight, who along with his spouse, Penny, made the second- and third-largest donations final yr in response to the Chronicle, elevated his wealth by about 77 % over the identical March-to-December interval. Knight and his spouse gave greater than $900 million (roughly Rs. 6,600 crores) to the Knight Foundation and $300 million (roughly Rs. 2,200 crores) to the University of Oregon.

Fred Kummer, founder of building firm HBE Corporation, and his spouse, June, gave $300 million (roughly Rs. 2,200 crores) to determine a basis to assist programmes on the Missouri University of Science and Technology.

Facebook’s founder Mark Zuckerberg and his spouse, Priscilla Chan, delivered the fourth-largest donation on the Chronicle’s checklist: A $250 million (roughly Rs. 1,800 crores) present to the Center for Tech and Civic Life, which labored on voting safety points in the 2020 election. Zuckerberg, whose wealth practically doubled to $105 billion (roughly Rs. 7,68,900 crores) in the March-to-December interval in response to Americans for Tax Fairness and the Institute for Policy Studies, has been extensively criticised and been known as to testify earlier than Congress for his firm’s dealing with of disinformation in the runup to the 2020 presidential election.

In the fifth spot was Arthur Blank, co-founder of Home Depot, who gave $200 million (roughly Rs. 1,460 crores) by way of his basis to Children’s healthcare of Atlanta to construct a brand new hospital.

Bezos and the Zuckerbergs made up the following spots on final yr’s prime 10 checklist, with $100 million (roughly Rs. 730 crores) donations — Bezos for Feeding America to assist meals banks throughout the nation and the Zuckerbergs to the identical election safety group.

They had been adopted by Stephen Ross, founder of actual property agency Related Companies; David Roux, co-founder of Silver Lake, a private-equity agency, and his spouse, Barbara; George, and Renee Karfunkel, real-estate buyers; Bernard Marcus, co-founder of Home Depot; and Charles Schwab, founder of Schwab Financial Services, and his spouse, Helen.

Two billionaires who donated closely to charity final yr, MacKenzie Scott, Bezos’ former spouse, and Jack Dorsey, co-founder of Twitter — didn’t make the Chronicle’s checklist as a result of no single donation of theirs was massive sufficient to qualify. In February, the Chronicle will publish its checklist of the 50 greatest donors, which counts cumulative donations, not particular person presents.

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