All posts tagged "Tata"

Merriam Webster defines the word ‘Rich’ as someone having abundant possessions, especially material wealth or high value or quality. The thirst for riches is unequivocally amongst all human beings. We want to achieve all the richness and comforts in the world undividedly, but only after reaching a point of the continuous hustle for more, very few understand their due diligence to people in need, and bequeath their possession for the welfare of others. For someone rich is money, for others richness is generosity. In the latest, Hurun Research and EdelGive Foundation released the 2021 EdelGive Hurun Philanthropists of the Century, a ranking of the world’s most generous individuals from the last 100 years. Indian industry’s doyen Jamsetji Tata has emerged as the biggest philanthropist globally in the last 100 years by donating $102 billion, as per a list of top-50 givers prepared by Hurun Report and EdelGive Foundation. Melinda Gates Tata, the founder of what has now become a group spanning interests from salt to software, is ahead of others like Bill Gates and his now-estranged wife Melinda who have donated $74.6 billion, Warren Buffet ( $37.4 billion), George Soros ($34.8 billion) and John D Rockefeller ($26.8 billion), the list showed “Whilst American and European philanthropists may have dominated the thinking of philanthropy over the last century, Jamsetji Tata, founder of India’s Tata Group, is the world’s biggest philanthropist,” Rupert Hoogewerf, the chairman and chief researcher at Hurun said in a statement. By the virtue of the two-thirds of ownership of the trusts engaged in various welfare schemes including education and healthcare has helped Tatas achieve the top spot, he said, adding that Jamsetji Tata’s giving started in 1892 itself. John D Rockefeller According to the report, the total philanthropic value of Jamsetji Tata is made up of 66% of Tata Sons, solely based on the value of listed entities. Jamsetji Tata was born in 1839 in Navsari, a city in south Gujarat. Tata began to prosper in the 1870s after floating the Central India Spinning Weaving and Manufacturing Company. He set up the JN Tata Endowment in 1892 for higher education, beginning with Tata Trusts. Jawaharlal Nehru, India’s first prime minister, often referred to him as the ‘one-man planning commission’. Other than Jamsetji Tata, Azim Premji of Wipro is the only other Indian, who has virtually given his entire fortune of $22 billion for philanthropic causes. Furthermore, the majority of the philanthropists in the list are from the US with 39 people on the list, followed by the UK (5) and China (3). Total 37 of the donors are dead while only 13 of them are alive. “At this rate, expect to see fifty or more break through the $100 billion mark within the next five years,” Hoogewerf said. However, it seems the business moguls are becoming rich but giving less to the people in need. “Today’s billionaires are not keeping up with philanthropy, making money much faster than they are giving it away,” Hoogewerf added. Warren Buffett Here’s the list top 50 philanthropists of the last 100 years: 1. Jamsetji Tata 2. Bill & Melinda Gates 3. Henry Wellcome 4. Howard Hughes 5. Warren Buffett 6. George Soros 7. Hans Wilsdorf 8. JK Lilly Sr 9. John D Rockefeller 10. Edsel Ford 11. Robert Wood Johnson II 12. Azim Premji 13. William & 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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Meet the world’s most generous individuals from the last 100 years.

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