• SENSEX
    NIFTY 50
Economy

Azim Premji among India's top philanthropists with $21 billion total pledge

Updated : March 14, 2019 12:40 PM IST

Azim Premji, chairman of Wipro Ltd, on Wednesday earmarked 34 percent of his shares worth Rs 52,750 crore to an endowment under the Azim Premji Foundation. Donations by Premji, which included Wipro's shares, as well as other assets owned by him and, has made him one of the biggest philanthropists in the world.

Others on the list include UIDAI chairman Nandan Nilekani, HCL Tech's chair Shiv Nadar and Biocon's chief Kiran Mazumdar Shaw.

Lets take a look at India's top philanthropists:

Azim Premji, chairman of Wipro Ltd on Wednesday earmarked 34 percent of his shares which is worth Rs 52,750 crore to an endowment under the Azim Premji Foundation. After the latest decision, the total value of the philanthropic endowment corpus contributed by him stands at Rs 1.45 lakh crore ($21 billion), which includes 67 percent of economic ownership of Wipro Limited, the foundation said. The Azim Premji Foundation works in the field of education directly. It also supports other not-for-profits working in some specific areas through multi-year financial grants. His net worth is at $21.8 billion.
Azim Premji, chairman of Wipro Ltd on Wednesday earmarked 34 percent of his shares which is worth Rs 52,750 crore to an endowment under the Azim Premji Foundation. After the latest decision, the total value of the philanthropic endowment corpus contributed by him stands at Rs 1.45 lakh crore ($21 billion), which includes 67 percent of economic ownership of Wipro Limited, the foundation said. The Azim Premji Foundation works in the field of education directly. It also supports other not-for-profits working in some specific areas through multi-year financial grants. His net worth is at $21.8 billion.
HCL Technologies' chairman Shiv Nadar has pledged $662 million to his Shiv Nadar Foundation, which backs education-related causes.HCL Technologies, an $8.2 billion (revenue) company is India's fourth-largest software services provider. HCL Technologies, which employs close to 128,000 people worldwide, hires high school grads and trains them on the job. Shiv Nadar's wealth is estimated to be at $14.2 billion.
HCL Technologies' chairman Shiv Nadar has pledged $662 million to his Shiv Nadar Foundation, which backs education-related causes.HCL Technologies, an $8.2 billion (revenue) company is India's fourth-largest software services provider. HCL Technologies, which employs close to 128,000 people worldwide, hires high school grads and trains them on the job. Shiv Nadar's wealth is estimated to be at $14.2 billion.
Biocon chief Kiran Mazumdar Shaw has pledged 75 percent of her wealth to Giving Pledge - a global initiative created by Warren Buffett and Bill and Melinda Gates that encourages the wealthy to engage in altruism.
Biocon chief Kiran Mazumdar Shaw has pledged 75 percent of her wealth to Giving Pledge - a global initiative created by Warren Buffett and Bill and Melinda Gates that encourages the wealthy to engage in altruism. "My philanthropic efforts are largely directed towards making a difference to global healthcare especially in the developing world," reads Shaw's pledge. Her net worth is $3.4 billion.
Infosys co-founder and UIDAI chairman Nandan Nilekani and wife Rohini Nilekani have pledged 50 percent of their wealth under Giving Pledge -a movement initiated by Microsoft founder Bill Gates and Melinda Gates in November 2017. Nilekani, who left Infosys in 2009 and brought back in 2017 after a boardroom shakeup at the company and the sudden departure of its CEO has worth $2 billion in wealth.
Infosys co-founder and UIDAI chairman Nandan Nilekani and wife Rohini Nilekani have pledged 50 percent of their wealth under Giving Pledge -a movement initiated by Microsoft founder Bill Gates and Melinda Gates in November 2017. Nilekani, who left Infosys in 2009 and brought back in 2017 after a boardroom shakeup at the company and the sudden departure of its CEO has worth $2 billion in wealth.
Property developer PNC Menon and wife Shobha Menon have pledged $435 million to the Giving Pledge - a global initiative created by Warren Buffett and Bill and Melinda Gates that encourages the wealthy to engage in altruism. Menon left Kerala in and migrated to Oman in 1976 to start an interior decorating business with a partner. Seeing an opportunity in real estate back home, Menon started Sobha Developers in 1995, in Bangalore, naming it after his wife. His wealth is estimated at $1.1 billion.
Property developer PNC Menon and wife Shobha Menon have pledged $435 million to the Giving Pledge - a global initiative created by Warren Buffett and Bill and Melinda Gates that encourages the wealthy to engage in altruism. Menon left Kerala in and migrated to Oman in 1976 to start an interior decorating business with a partner. Seeing an opportunity in real estate back home, Menon started Sobha Developers in 1995, in Bangalore, naming it after his wife. His wealth is estimated at $1.1 billion.
Live TV

Ask Our Experts CNBC TV18

Send your queries on investments and have them answered by our experts

Enter your details

Post