Executive Education

Top 10 Largest Private Charitable Foundations In The World Created By Richest People For 2015

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
Country:  US

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
Country: US

4. Bloomberg Philanthropies (FORMERLY BLOOMBERG FAMILY FOUNDATION)

Foundation assets: $5.4 billion
Primary founder: MICHAEL BLOOMBERG
Net worth: $33.7 billion
Country: US

5. Children’s Investment Fund Foundation (CIFF)

Foundation assets: $4.5 billion
Primary founder: Sir Chris Hohn
Net worth: $820 Million
Country: UK

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
Country: US

8. SUSAN THOMPSON BUFFETT FOUNDATION

Foundation assets: $2.9 billion
Primary founder: WARREN BUFFETT
Net worth: $65 billion
Country: US

9. CARLOS SLIM Foundation

Foundation assets: $2.6 billion
Primary founder: CARLOS SLIM
Net worth: $35.4 billion
Country: MEXICO

10. CHARLES AND LYNN SCHUSTERMAN

Foundation assets: $2.2 billion
Primary founder: LYNN SCHUSTERMAN
Net worth: $3.4 billion
Country: US

Top 10 largest ultra-high-net-worth individual-led private Charitable foundations 2015

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).

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

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Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

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