Sabse Aage Honge Hindustani! Father of Indian industry emerges world's biggest philanthropist of century

 

  

The Indian industry's doyen is the only Indian in the top 10 list, he is ahead of others like Bill Gates and his now-estranged wife Melinda who 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).

 

 

 

 

“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 total philanthropic value of Tata is made up of 66 percent of Tata Sons which is estimated at $100 billion. Tata Group and its philanthropic activities are presently headed and overseen by Emeritus Chairman Ratan Tata. 

 

“The total philanthropic value of Tata is made up of 66 percent of Tata Sons, estimated at $100 billion, solely based on the value of listed entities,” the EdelGive Hurun Philanthropists of the Century report said.

 

He is the founder of Tata Group India's biggest conglomerate company. He is known as one of the most important builders of the modern Indian economy. He brought the revolution in the business world of India through his many ventures within the cotton and pig iron industry. His ambitious endeavors helped catapult India into the league of industrialized countries. He was so influential across the world of an industry that Jawaharlal Nehru referred to him as “One-Man Planning Commission”.

 

 

Apart from Tata, former chairman of Wipro Azim Premji is another Indian among the top 50 philanthropist. He is ranked 12th on the list. The ranking is based on Total Philanthropic Value, calculated as the value of the assets adjusted for inflation, together with the sum of gifts or distributions to date. The data was derived from publicly available sources and in certain cases directly as shared by the foundations.

 

A majority of 39 people on the list are from the US, followed by the UK (5) and China (3). Total 37 of the donors are dead while only 13 of them are alive. The total donations by the 50 givers are pegged at USD 832 billion over the last century, of which USD 503 billion came from foundation endowments and USD 329 billion from donations to date.

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