by Homer Dennis
Millionaires Who Give Away Money 2023 - We all wish we were millionaires. Money is a powerful tool. Regardless of your situation, there’s something in your life that would be better if you had a pile of cash lying around. Unfortunately for most of us, that’s not how the world works.
But millionaires do exist. Maybe they’re the celebrities from your favorite movies or television shows. Maybe they’re people from around the world that you’ve never even heard of. Either way, they’re rich.
It’s not healthy to dwell on the reasons why some people are millionaires and some aren’t. That’s like asking why the milk I was drinking today had a fly in it. Sure, maybe I could’ve caught the fly before it fell in there, but I didn’t.
Something we can actually dwell on is whether a millionaire is looking to give a little bit back to our society, because this is something we can research and smile about.
The more we read about and support wealthy individuals who donate half or most of their wealth to help others, the more popular this practice will become. The truth is, the existence of millionaires and billionaires in our society is corrosive.
The extremely wealthy are also the extremely rare, even though the masses of the impoverished encompass quite a large number of people. The wealth of billionaires seems hypocritical in a world in which a people still struggle under the weight of poverty and disease. Those blessed with wealth should be looking around them and asking what they can do with their money to better the world as a whole.
Thankfully, a lot of wealthy philanthropists actually do exist. Maybe they feel that it’s wrong for them to have so much money, or maybe they have a deep desire to do good. Whatever the reason, donations from millionaires and billionaires can have an enormous impact on any and all causes they contribute to.
Maybe you’re not the individual that these millionaires are looking to support. Maybe you are. Either way, it’s nice to know that the super-rich are paying it forward.
Current Apple CEO and first openly gay individual of the Fortune 500, Tim Cook is a generous millionaire. Cook has an estimated net worth of $625 million but he also leads a very humble and impressively charitable lifestyle. In 2018, Cook donated 23,000 shares of Apple stock, which equates to around $5 million.
In 2011, Cook used his status to help others by installing a company-wide donation matching nonprofit program. The money raised by this program has contributed to the fight against AIDS, increasing diversity in the technology industry and providing funds to hospitals.
Everybody has heard of J.K Rowling, be it from reading her novels in our youths or hearing about her rise to fame over time. Something Rowling often does not receive credit for, however, are her enormous donations to charities.
Rowling has a foundation called Lumos which she uses to support Eastern European children in need. She also has a foundation called the Volant Charitable Trust to help women and children in Scotland. Rowling donates to tons of other charities, too, hence her drop from the status of billionaire to millionaire.
Lee Seidman founded the Motorcars group. Lee and Jane, his wife, now spend much of their earnings on charitable causes. Lee committed to donating 90% of their revenue before the end of 2023.
Together, the couple have spent over $42 million on funding a hospital for cancer. Both Seidmans go by the principle that they must minimize self-importance, which promises many more donations to come.
LeBow has a net worth of around $109 million, accumulated mostly from his position as a tobacco executive. Drexel University receives most of LeBow’s charitable donations.
This millionaire has donated over $60 million to Drexel in orderto improve the school. LeBow has contributed to a new academic center for the school of business and has also set up a LeBow Engineering Center at the college.
Even the extremelywealthy donate to good causes. You can learn a lot about a billionaire’s personality by whether or not she donates her money to aid other individuals.
This CEO of Berkshire Hathaway is a certified billionaire philanthropist. Buffett’s estimated net worth is $86.9 billion. He bought his first stock at age 11, so we’ve always known he would do great things in the business world.
In 2018 he donated $3.4 billion. In 2010, Buffett and Bill Gates created the Giving Pledge. This Pledge urges billionaires to donate half their wealth to charity.
Thanks to the sale of duty-free products, Chuck Feeney built a fortune of $7.5 billion. Feeney created The Atlantic Philanthropies as a means through which to donate his funds.
He has donated $6.2 billion to The Atlantic Philanthropies, which supports the sciences, education, health care and civil rights. Feeney doesn’t just benefit the United States with this donation. The money also goes to Australia, Vietnam, Bermuda, South Africa and Ireland.
With a net worth of $2.8 billion, Ted Turner took the Giving Pledge created by Bill Gates and Warren Buffett in orderto donate at least half his wealth to charity. Turner is chair of the Turner Foundation Inc., which focuses specifically on aiding and restoring American natural environments.
While Turner focuses on wildlife and nature, he also gives monetary support to the United Nations and encouragement of music in the military. Turner feels passionate about each of these areas and hopes that his donations will have a beneficial impact.
As of 2023, Bill Ackman is worth $1.1 billion. He divorced his wife Karen in 2016, but before that the couple worked together to donate to charitable causes. Together they began the Pershing Square Foundation in 2006 and it remains functional today.
The Pershing Square Foundation works to benefit entrepreneurs, support education and protect human rights. Through this foundation, $17 million has been raised to support these causes.
Blakely became a billionaire thanks to her company Spandex. She joined the Giving Pledge created by Bill Gates and Warren Buffett, which means Blakely is now committed to donating half of her riches.
Blakely donates money to the Empowerment plan, which supports homeless women in their efforts to secure a job. She also donates to the Leg-Up Campaign, which allows rising female entrepreneurs featured ads in the Spanx catalogue. Blakely continues to support women by helping to fund the Leadership Academy for Girls in South Africa.
If you want to be funded by a millionaire or billionaire, you must get in line behind most of the world. There are a few routes to take if you’re willing to look into getting a donation, but your chances are pretty slim.
Hopefully your reason for wanting funds is to help others. If that’s the case, start a foundation of your own! It doesn’t need funding behind it right away. Keep your practices safe, legal and well-intentioned to gain popularity, and when you’re ready, appeal to a millionaire or billionaire to support your cause.
Today, social media makes getting in contact with others—even famous people— pretty easy. You can use Twitter, Instagram or Facebook to tag your millionaire on posts about your cause or take your chances with direct messaging.
Be warned, direct messaging rarely works for people who get tons of spam and fan messages. You must be dedicated in your methods of contact with the millionaire, posting at them several times a day or asking friends to help you out. Try connecting on LinkedIn or finding people who have connections with the millionaire. What do you have to lose?
Check out websites that give donations to struggling individuals. You probably won’t be getting donations straight from a millionaire, but some money is better than none. Try websites like: Begslist.com, Fundly.com, Gofundme.com and Gogetfunding.com.
We should all take a page out of these millionaires’ or billionaires’ books. It’s nice to help others if you have the resources. If you lack resources, maybe you’re the one who can be benefited. Just remember, when you get rich and famous off of your entrepreneurial idea, to pay it forwards to those of us who are still struggling.
About Homer Dennis
Born and raised in an environmentally conscious family, Homer developed a strong awareness of the impact of human activities on the planet from a young age. This early exposure to eco-friendly practices and sustainability principles inspired her to pursue a career focused on promoting renewable energy and advocating for a more sustainable lifestyle.