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Richest People In The World Who Haven't Signed The Giving Pledge

Nov 29, 2022

KEY POINTS LVMH's Bernard Arnault has not signed the Giving Pledge, but his family has donated millions India's richest man Gautam Adani pledged a $7.7 billion donation to his Adani Foundation Started by Melinda and Bill Gates and Warren Buffett in 2010, the Giving Pledge is a campaign that persuades billionaires to donate at least half of their wealth to charity during their lifetime. So far, the campaign has been signed by 236 billionaires , including the founders and Elon Musk . While many billionaires still haven't signed the pledge, several are active in their philanthropic projects, with some having their foundations and partner charities. Nevertheless, here are some of the billionaires who haven't signed the Giving Pledge. Bernard Arnault ($179.5 B) As Amazon stocks plummeted, a French fashion Bernard Arnault mogul surpassed Bezos as the richest man in the world. Creative Commons The co-founder and CEO of luxury goods conglomerate LVMH Bernard Arnault has not signed the Pledge nor expressed his views on it publicly. However, the Arnault family has made a generous donation of 200 million euros for the repairs of the Notre Dame Cathedral. Gautam Adani ($134.7 B) Adani Group Chairman, Gautam Adani smile Adani Group Chairman, Gautam Adani smiles after addressing the media in Ahmedabad on July 21, 2009. Adani spoke about "Adani Power Limited IPO" which opens on July 28. SAM PANTHAKY/AFP via Getty Images India's richest man , Gautam Adani, is the founder and chairman of the industrial conglomerate Adani Group. In June 2022, Adani pledged a $7.7 billion donation to his Adani Foundation, which supports education and healthcare programs in India. Jeff Bezos ($117.3 B) Billionaire Jeff Bezos, pictured in November 2021 criticized US President Joe Biden on TwitterGETTY IMAGES NORTH AMERICA via AFP / Emma McIntyre Amazon founder and chairman Jeff Bezos has not signed the Pledge, too. But Forbes estimates that the billionaire has donated over $2.4 billion in his lifetime. Bezos also committed to donating $10 billion through his climate nonprofit, the Bezos Earth Fund. Mukesh Ambani ($96.3 B) Reliance Industries -- which is owned by Mukesh Ambani, seen here -- reported a 15 percent fall in quarterly profitAFP / SAM PANTHAKY Currently No. 8 on Forbes' billionaire list , Ambani is the chairman of Indian conglomerate Reliance Industries . While he is not yet a pledger, the tycoon was recently named India's most generous philanthropist following his over $50 million donation to charity in early 2022. Carlos Slim Helu ($86.2 B) World's richest man, Carlos Slim Helu, said lifting the age of retirement, privatizing infrastructure assets and making people over 60 work 10 to 11 hours three times a week could remedy the economic woes of struggling nations.REUTERS Mexico's wealthiest man, Carlos Slim Helu, and his family own América Móvil, a giant mobile telecom company in Latin America. They also hold a 79% stake in the conglomerate Grupo Castro. He founded the Carlos Slim Foundation that supports health, education and sports programs. Larry Page ($83.3 B) Larry Page founded Google with Sergei Brin in the 1990s and is listed by Bloomberg as the sixth-richest person in the worldAFP / Emmanuel DUNAND Sergey Brin ($80 B) Sergey Brin, co-founder of Google, attends the Allen & Co Media Conference in Sun Valley, Idaho, July 12, 2012. Reuters Another Google co-founder, Sergey Brin, has not signed the Pledge nor spoken publicly about it. He did, however, donate $63 million to the Michael J. Fox Foundation , while another amount was given to the educational nonprofit Girls Who Code . Steve Ballmer ($79 B) Former Microsoft CEO Steve Ballmer gestures as he speaks to developers, customers and the media at the launch of Microsoft SQL Server 2005 and Visual Studio 2005 November 7, 2005 in San Francisco, California.Lou Dematteis/Microsoft via Getty Images Microsoft's former CEO, Steve Ballmer , is currently the chairman of the NBA 's Los Angeles Clippers. Together with his wife Connie, he leads the Ballmer Group nonprofit, which has donated more than $420 million, according to their website . Francoise Bettencourt Meyers ($73.7 B) (L-R) Cosmetics company L'Oreal chief executive Jean-Paul Agon, Liliane Bettencourt, heiress to the L'Oreal fortune and her daughter Francoise Bettencourt Meyers arrive for the L'Oreal-UNESCO prize for women in Paris, March 3, 2011. Bettencourt's daughter won control over her 88-year-old mother's business affairs on Monday almost two years after she first asked to take over on the grounds her mother had been exploited. The decision was made on the basis of a medical examination, carried out following a surprise visit to the elderly billionaire's home in June, which concluded she was suffering from a form of dementia.Reuters Currently the richest woman in the world, Francoise Bettencourt Meyers is the granddaughter of L'Oreal founder Eugène Schueller. The company and the Bettencourt Meyers family donated 200 million euros ($226 million) for the Notre Dame Cathedral repair . Zhong Shanshan ($67.8 B) The reclusive Zhong Shanshan has come out of nowhere to become Asia's richets man thanks to China's seemingly unquenchable thirst for his bottled waterCNS / STR Bottled water tycoon Zhong Shanshan, who also owns Wantai Biological Pharmacy Enterprise, has always been reclusive , making it hard to learn about his philanthropic works, should there be any. Jim Walton ($64.7 B) Arkansas: Jim Walton ($40.3 billion) Jim Walton, 70, is the CEO of Arvest Bank and the youngest son of Walmart founder Sam Walton. He and his siblings own just under half of all Walmart stock and regularly appear on Forbes list of America’s most wealthy individuals. Jim Walton lives in Bentonville, Arkansas, with his wife, Lynne. Getty Images Arvest Bank Group chairman and CEO Jim Walton owns about half of Walmart's stock, together with other heirs. Jim and his sister Alice are leading a program, donating $300 million in bonds to support charter schools' investments in facilities. Rob Walton ($63.4 B) Walmart houses some $76 billion in tax havens abroad, a new report says. Above, outgoing chairman Rob Walton speaks at the company's 2015 annual meeting.Reuters/Rick Wilking Jim's older brother, Rob Walton, once served as Walmart's chairman. Rob founded the Rob and Melani Walton Foundation , which has been involved in different projects across the USA. Alice Walton ($62.5 B) Texas: Alice Walton ($40 billion) Walton is an heir to the Walmart fortune but, unlike her siblings, doesn’t work for the company. Instead she focuses on philanthropy and collecting art. (Her personal collection is worth upwards of $500 million.) In his 1992 autobiography, Made in America, Sam Walton wrote that his daughter was "the most like me—a maverick—but even more volatile than I am." According to Forbes, 68-year-old Alice Walton is the richest woman in the world. Reuters Jim and Rob's sister, Alice, is the founder and chairman of Crystal Bridges Museum of American Art. A true art patron, Alice has been committed to projects that involve arts, education and diversity . Amancio Ortega ($62.5 B) 3. Amancio Ortega ($64 Billion).Reuters Spain's Amancio Ortega is the co-founder of Inditex, the company behind its Zara fashion chain. His nonprofit Amancio Ortega Foundation pledged $344 million to Spanish hospitals in 2017. The foundation works in the education and social welfare sectors. Charles Koch ($60.1 B) Billionaire Charles Koch is head of Koch Industries, which he runs with his younger brother, David. The Kochs are some of the wealthiest people in the world, and they spend large amounts of their money on conservative politics and free-market academic programs.Getty Images/Bo Rader/Wichita Eagle/MCT Koch Industries chairman and CEO Charles Koch is known for his and his family's group of charitable foundations. His own Charles Koch Foundation partners with social entrepreneurs and supports innovations. Julia Koch ($60.1 B) Together with her three children, Julia Koch inherited a 42% stake in Koch Industries from her late husband David, Charles' brother. Julia and her late husband donated $10 million to Stanford Children's Hospital and another $10 million to Mount Sinai Medical Center. David Thomson ($53.2 B) Thomson Reuters Corporation's chairman David Thomson is not yet part of the Giving Pledge group. The media and publishing tycoon and his family are stakeholders in telecom giant Bell Canada. Part of Canada's richest family, David is known for being mysterious and reluctant . Michael Dell ($52.7 B) CEO and founder of Dell Technologies, Michael Dell (R, pictured 2019), has been seeking to re-energize the firm, which fell behind when consumers turned to mobile devices instead of PCsGETTY IMAGES NORTH AMERICA / David Dee Delgado Much of Dell Technologies chairman and CEO Michael Dell 's wealth lies in his private investment company MSD Capital. The firm holds stakes in liquid corporate credit. In 2017, Dell donated $1 billion to his foundation Michael & Susan Dell Foundation, to support social entrepreneurs and other nonprofit organizations. Zhang Yiming ($49.5 B) Chinese billionaire Zhang Yiming is the founder of tech giant ByteDance, the company behind the popular app TikTok. One of China's richest , Zhang donated $77.3 million of his fortune to an education fund in his hometown. Rodolphe Saade ($41.4 B) Phil Knight ($41.3 B) Oregon: Phil Knight ($30.7 billion) Knight and his University of Oregon track coach, Bill Bowerman, each put up $500 to start what was then called Blue Ribbon Sports. In 1971, the company became Nike Inc., with revenues of more than $34 billion. Nike’s iconic “swoosh” was created by a University of Oregon student, who Knight paid $35 for the logo. Reuters Nike's founder and former chairman Phil Knight is also not part of the Giving Pledge. However, the shoe tycoon has pledged more than $500 million in donations to his alma maters, the University of Oregon and Stanford's Graduate School of Business. © Copyright IBTimes 2022. All rights reserved.

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