Jamsetji Nusserwanji Tata, the founder of the Tata Group, has topped the EdelGive Hurun Philanthropists of the Century list, surpassing stalwarts such as Bill Gates and Warren Buffet, as per a list of top-50 givers prepared by Hurun Report and EdelGive Foundation.
According to the report, the Tata Group has donated a total of $102.4 billion in areas such as education and healthcare.
“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, told reporters.
The Tata Group is the only Indian company to have made it into the top ten. Apart from that the only other Indian on the list is Azim Premji of Wipro, who has virtually given his entire fortune of USD 22 billion for philanthropic causes.
Among the top five are Bill and Melinda Gates, Henry Wellcome, Howard Hughes, and Warren Buffett – Bill Gates and his now-estranged wife Melinda have donated USD 74.6 billion, Warren Buffet (USD 37.4 billion), George Soros (USD 34.8 billion) and John D Rockefeller (USD 26.8 billion).
“It is surprising that Jeff Bezos and Elon Musk did not make the list. The stories of the twentieth century’s most prominent philanthropists tell the storey of modern philanthropy. The legacies of the world’s first billionaires, such as Carnegie and Rockefeller, to today’s Bill Gates and Warren Buffett, demonstrate how wealth has been redistributed,” said Rupert Hoogewerf, chairman and chief researcher of Hurun Report.
The total donations by the 50 givers are pegged at USD 832 billion over the last century.