Wednesday, December 2, 2015

12 Business Titans Who Are Giving Away Their Wealth

Mark Zuckerberg is certainly generous, but he isn't alone.

The Facebook chief executive said Tuesday that he will give away 99 percent of his family's stake in the social networking giant to celebrate the birth of daughter Max Zuckerberg, his first child with wife Priscilla Chan. Their Facebook shares are currently worth $45 billion.

Zuckerberg is far from the first billionaire businessperson to give away an eye-popping heap of money.

Here are 12 of the biggest names in business who have spread their wealth around: 

  • 1
    Barry Diller Net worth: $3 billion
    Diller and his wife, the designer Diane von Furstenberg, have committed $130 million to help build a park on a Hudson River pier in New York. Diller has also given $30 million to the Motion Picture and Television Fund to provide health services for those working in show business.
  • 2
    Michael Bloomberg Net worth: $40.9 billion
    The former mayor of New York City is behind Bloomberg Philanthropies, which has partnered with causes including Campaign for Tobacco Free Kids and the Sierra Club.
  • 3
    Bill Gates Net worth: $76 billion
    Bill and Melinda Gates plan to give away $60 billion of their fortune through the Bill and Melinda Gates Foundation, much of which will support HIV/AIDS and malaria efforts.
  • 4
    Warren Buffett Net worth: $62 billion
    In 2014, Buffett gave around $2.1 billion to the Gates Foundation and $215 million to the Susan Thompson Buffett Foundation (named for his former wife), which helps fund scholarships for education.
  • 5
    Steve Case Net worth: $1.37 billion
    The founder of AOL, The Huffington Post's parent company, now supports " people and ideas that can change the world" via The Case Foundation.
  • 6
    Larry Ellison Net worth: $48.9 billion
    Ellison says that 95 percent of his money will eventually go to philanthropic causes. One of those causes is The Lawrence Ellison Foundation, which works in part to research and counter the negative aspects of aging.
  • 7
    Sheryl Sandberg Net worth: $1 billion
    The Facebook executive gave away almost $12 million in 2012, but did not disclose the recipient.
  • 8
    George Lucas Net worth: $5 billion
    In October, the “Star Wars” director donated $10 million to the film school at the University of Southern California to support black and Hispanic students.
  • 9
    Carl Icahn Net worth: $21 billion
    In 2012, Icahn gave $200 million to the Mount Sinai School of Medicine in New York.
  • 10
    Elon Musk Net worth: $13 billion
    The Tesla exec gave $10 million this year to the Future of Life Institute to help fund research projects on artificial intelligence.
  • 11
    Paul Allen Net worth: $18.1 billion
    The Microsoft co-founder has pledged much of his fortune to scientific research, including a brain-science institute in Seattle.
  • 12
    Eli Broad Net worth: $7.4 billion
    An entrepreneur behind two Fortune 500 companies, Broad and wife Edyth launched The Broad Foundations to support education, science and the arts.

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