The Bill & Melinda Gates Foundation ((BMGF), established by Bill and Melinda Gates tops the list of the 10 largest private charitable foundations led by the World’s richest people, according to a study of philanthropies created by ultra-high-net-worth individuals. The Bill & Melinda Gates Foundation’s assets currently stand at $43.5 billion.
With $8.1 billion in assets, Hong Kong-based charitable organization “The Li Ka Shing Foundation” founded in 1980 by Hong Kong entrepreneur Li Ka-shing, holds the No. 2 spot, according to a report by Wealth-X. Li Ka-shing’s personal wealth is $22.1 billion.
Others on the list include the the Gordon and Betty Moore Foundation, and Bloomberg Philanthropies, Children’s Investment Fund Foundation (CIFF), the Carlos Slim Foundation, among others.
1. Bill & Melinda Gates Foundation
Foundation assets: $43.5 billion
Primary founder: Bill gates
Net worth: $85.7 billion
2. LI KA SHING FOUNDATION
Foundation assets: $8.1 billion
Primary founder: LI KA-SHING
Net worth: $22.1 billion
Country: HONG KONG
LI KA-SHING is the CHAIRMAN OF CK HUTCHISON HOLDINGS.
3. Gordon and Betty Moore Foundation
Foundation assets: $6.4 billion
Primary founder: GORDON EARLE MOORE
Net worth: $6.4 billion
4. Bloomberg Philanthropies (FORMERLY BLOOMBERG FAMILY FOUNDATION)
Foundation assets: $5.4 billion
Primary founder: MICHAEL BLOOMBERG
Net worth: $33.7 billion
5. Children’s Investment Fund Foundation (CIFF)
Foundation assets: $4.5 billion
Primary founder: Sir Chris Hohn
Net worth: $820 Million
Children’s Investment Fund Foundation (CIFF) was co-founded by Sir Chris Hohn and his ex-wife Jamie Cooper. Sir Chris Hohn has been the primary donor to the foundation – his hedge fund, The Children’s Investment Fund Management (TCI), has donated a total of approximately US$1.9 billion since the foundation’s inception. His ex-wife Jamie Cooper runs the foundation, and Sir Chris Hohn has not donated to it since the couple’s divorce in 2013.
6. SULAIMAN BIN ABDUL-AZIZ AL RAJHI ENDOWMENTS
Foundation assets: $4.3 billion
Primary founder: SULAIMAN BIN ABDUL AZIZ AL RAJHI
Net worth: $300 Million
Country: SAUDI ARABIA
7. OPEN SOCIETY FOUNDATION (FOUNDATION TO PROMOTE OPEN SOCIETY)
Foundation assets: $3.3 billion
Primary founder: GEORGE SOROS
Net worth: $26.5 billion
8. SUSAN THOMPSON BUFFETT FOUNDATION
Foundation assets: $2.9 billion
Primary founder: WARREN BUFFETT
Net worth: $65 billion
9. CARLOS SLIM Foundation
Foundation assets: $2.6 billion
Primary founder: CARLOS SLIM
Net worth: $35.4 billion
10. CHARLES AND LYNN SCHUSTERMAN
Foundation assets: $2.2 billion
Primary founder: LYNN SCHUSTERMAN
Net worth: $3.4 billion
To qualify for an ultra-high-net-worth designation, an individual must have investable assets of at least $30 million, excluding their personal assets and property (such as a primary residence).