Jamsetji Tata tops global list of biggest philanthropist of last century- Check the complete list

Jamsetji Tata, the founder of Tata Group, is ahead of others such as Bill Gates and his now-estranged wife Melinda who donated $74.6 billion, George Soros ($34.8 billion), Warren Buffet ($37.4 billion), and John D. Rockefeller ($26.8 billion).

Created On: Jun 24, 2021 13:29 ISTModified On: Jun 24, 2021 13:29 IST
Jamsetji Tata

Jamsetji Tata, the founder of Tata Group, has emerged as the biggest philanthropist globally in the last century by donating $102 billion, according to the list of top 50 givers prepared by the Hurun Report and EdelGive Foundation.

While Tata is the only Indian in the top 10 list, Azim Premji, former Chairman of Wipro, is the only other Indian among the top 50 at 12th position.

Jamsetji Nusserwanji Tata, the founder of what has now become a group spanning interests from salt to software, is ahead of others such as Bill Gates and his now-estranged wife Melinda who donated $74.6 billion, George Soros ($34.8 billion), Warren Buffet ($37.4 billion), and John D. Rockefeller ($26.8 billion).

The Chairman and Chief Researcher at Hurun, Rupert Hoogewerf while talking about the names on the list stated that while European and American philanthropists may have dominated the thinking of philanthropy over the last century, Jamsetji Tata is the world’s biggest philanthropist.

How Jamsetji Tata attained the top spot as a philanthropist?

Setting aside two-thirds of the ownership to trusts engaged in doing good in various areas including healthcare and education, has helped Tatas in achieving the top spot in the giving. The givings by Jamsetji Tata started in 1892 itself.

According to the report, the total philanthropic value of Tata is made up of 66% of Tata sons, estimated at US 100 billion dollars, solely based on the list of the enlisted entities.

Jamestji Tata made his fortune in the 1870s after the floating Central India Spinning Weaving and Manufacturing Company. In 1892, he set up the JN Tata Endowment for higher education, which was the beginning of Tata Trusts.

The first Prime Minister of India Jawaharlal Nehru had often mentioned Tata as the ‘One Man Planning Commission’.

Who was Jamsetji Tata?

Known for his ventures within the cotton and pig iron industry, Jamsetji Tata had set up Tata Iron and Steel Works Company (TICO) in Jamshedpur, now known as Tata Steel.

Founded in 1907, Tata Steel now operates in 26 nations, including India, UK, and the Netherlands, and employs around 80,500 people.

Azim Premji: Only other Indian on the list

Azim Premji, the only other Indian in the top 50, was the first Indian to sign the Giving Pledge in 2010 and since then Premji has transferred 67% of Wipro to the Azim Premji Endowment Fund.

The Azim Premji Foundation, established in 2001, supports the elementary education system in rural government schools in India and has a value of US $21 billion.

The Azim Premji Foundation together with Wipro donated US$ 150 million to combat COVID-19.

How the top 50 list of philanthropists is prepared?

It must be noted that ranking in the global list is based on the Total Philanthropic Value, calculated as the value of the assets adjusted for inflation, together with the sum of gifts or distribution to date.

The data for the list was derived from publicly available sources and in certain cases directly as shared by the foundations.

Global list of philanthropists: Key points

According to Rupert Hoogewerf, there are few names like Alfred Nobel which are not even on the list of top 50 givers in the last century, while some other names are not a surprise.

A majority of 38 people on the list are from the United States, followed by the United Kingdom (5), and China (3).

Total 37 of the donors have passed away while only 13 of them are alive.

The total donation by the 50 philanthropists is pegged at $832 billion over the last century, of which US$ 503 billion came from the foundation endowments and $ 329 billion from the donations to date.

The annual grants by the givers are now topping $30 billion. With a donation of US $8.5 billion, MacKenzie Scott has become the biggest annual grantmaker.

Here’s the list of the top 50 philanthropists of the last 100 years:

Ranking

Philanthropists

1

Jamsetji Tata

2

Bill & Melinda Gates

3

Henry Wellcome

4

Howard Hughes

5

Warren Buffett

6

George Soros

7

Hans Wildorf

8

JK Lilly Sr

9

John D Rockefeller

10

Edsel Ford

11

Robert Wood Johnson II

12

Azim Premji

13

William and Flora Hewlett

14

David Packard

15

J Paul Getty

16

John D. MacArthur

17

Will Keith Kellog

18

Andrew Carnegie

19

Alisa Mellon Bruce & Paul Mellon

20

Sam & Helen Walton

21

Gordon & Betty Moore

22

W. Garfield Weston

23

Michael Bloomberg

24

Calouste Sarkis Gulbenkian

25

Margaret A Cargill

26

Conrad Hilton

27

Joseph N. Pew Jr.

28

Harry & Leona Helmsley

29

MacKenzie Scott

30

Chris Hohn & Jamie Cooper

31

James Buchanan Duke

32

Ma Huateng

33

S.S. Kresge

34

Jim Simons

35

Charles Stewart Mott

36

Ma Yun

37

Eli Broad

38

Robert Winship Woodruff

39

John Templeton

40

Jeffry M. Picower & Barbara Picower

41

William Hesketh Lever

42

Harry Weinberg

43

James Harvey Irvine Sr.

44

John Knight & James Knight

45

William Lewis Moody, Jr.

46

Ewing Marion Kauffman

47

Li Ka-Shing

48

Isaac Wolfson

49

Jesse H. Jones

50

Michael & Susan Dell

 

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