Legendary industrialist Jamsetji Tata has been recognised as the "world's biggest philanthropist" of the 20th century. A pioneer and the founder of the largest and one of the oldest private conglomerates of India, the Tata Group, Jamsetji gave away $102.4 billion to philanthropic causes.
"It is a proud moment to see an Indian top the 2021 EdelGive Hurun Philanthropists of the Century," said Anas Rahman Junaid, MD and chief researcher of Hurun India.
“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. Many of the philanthropists made their donations in the second generation rather than the first; a case in point is the Ford Foundation, which was set up by the son of Henry Ford, said Rupert Hoogewerf, chairman and chief researcher of Hurun Report.
The list, EdelGive Hurun Philanthropists of the Century, was made by Hurun Research and EdelGive Foundation by measuring ‘total philanthropic value.’ The figure was arrived at by considering the sum of all gifts and donations to date at today’s value.
A total of $832 billion was donated to various causes by 50 individuals; $503 billion was donated by foundations; while $329 billion comprised simple donations.
Azim Premji, founder of Wipro, was the only other Indian to be featured in the top 50. Other notable names included Bill and Melinda Gates, who came in second with donations of $74.6 billion; Mackenzie Scott, who donated the highest sum in a single year; and Pony Ma Huateng, who at 49 was the youngest on the list.
The US, with 39 philanthropists on the list, dominated the rankings, which is not surprising considering the country has historically been home to the most number of billionaires. Other countries were far behind with UK trailing at second with five, China with three, India at two, and Portugal and Switzerland with one each.
(Edited by : Shoma Bhattacharjee)