Here's exactly how much money each of America's 10 wealthiest people gave away to charity in 2018
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Billionaires aren't as generous as they may let on, a new analysis of the charitable contribution of America's wealthiest people by UC Berkeley economist Gabriel Zucman reveals. America's 10 wealthiest people gave an average of 0.94% of their net worths to charity in 2018, according to Zucman. To compile the ranking, Zucman used data from the Forbes 400 and the magazine's America's Top 50 Givers lists in 2018.
AI Summary
Main Idea: A new analysis says America’s 10 richest people gave away only a small share of their wealth to charity in 2018, with Michael Bloomberg, Sergey Brin, and Larry Page all showing very different giving levels.
Key Points:
- UC Berkeley economist Gabriel Zucman found that the 10 wealthiest Americans gave an average of 0.94% of their net worth to charity in 2018.
- Michael Bloomberg gave $767 million, or 1.5% of his net worth, and had pledged a large gift to Johns Hopkins.
- Sergey Brin and Larry Page were listed with very low 2018 giving in the analysis, though both had made major donations in earlier years.
- The article says some low figures may reflect the “lumpy” nature of philanthropy, where billionaires make big gifts only from time to time.
Impact on the People
Negative Impact
The article suggests very wealthy people, including Bloomberg, Brin, and Page, may give only a small share of their wealth, which can leave more pressure on taxpayers and public programs to fill gaps.
Positive Impact
Large gifts from billionaires can still fund schools, health care, and research that may help communities and patients.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:Larry Pageperson
Candidate Entities9 candidates · 5 weighted vote min · 70% decision
- Larry PagepersonPrimaryEvaluated
One of the wealthiest people analyzed; the article reports his net worth and estimated 2018 giving.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Charles KochpersonPrimaryAI selected
Included in the ranking with reported net worth and charitable giving figures.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Larry EllisonpersonPrimaryAI selected
Included in the billionaire giving ranking with reported net worth and donation amount.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Mark ZuckerbergpersonPrimaryAI selected
One of the named wealthiest people whose net worth and charitable giving are part of the article’s main.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Michael BloombergpersonPrimaryAI selected
One of the wealthiest people analyzed; his 2018 charitable giving is directly quantified and discussed.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Sergey BrinpersonPrimaryAI selected
One of the central billionaires in the ranking; the article highlights his 2018 giving and past donations.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Warren BuffettpersonPrimaryAI selected
Named in the set of top wealthiest people and specifically noted for giving more than 1% of net.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Gabriel ZucmanpersonMajorAI selected
UC Berkeley economist whose analysis is the basis for the article’s rankings and giving estimates.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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