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).Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine.
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