"If the public sector will not take 'personal responsibility' for providing an adequate safety net for those in distress, private philanthropy must do so." That's the charitable mandate George Kaiser — one of America's most generous (and most obscure) billionaires — shared with Insider. He's a staunch advocate of the ultrawealthy giving back, not just during the holiday season but all year long. The Oklahoma oilman has reportedly given away more than 20% of his $5.
Main Idea: Business Insider ranks America’s most generous billionaires by how much of their wealth they have given away, led by George Soros, Warren Buffett, and George Kaiser.
Key Points:
Heavy reliance on billionaire gifts can leave schools, health care, and local aid tied to private choices instead of stable public funding.
George Kaiser, George Soros, and Warren Buffett have funded COVID-19 aid, arts, and social programs that can help patients and communities in the short term.
Rate how each entity in this article affected the American people.
One of the article’s main subjects, highlighted for his charitable giving and the concrete impact of his foundation.
Primary comparison subject and ranked as the most philanthropic billionaire by percentage of net worth given away.
Major ranked subject in the article’s list of most generous billionaires.
Central charitable organization through which George Soros’s giving is described.
Named company associated with Warren Buffett, but only as background to his identity and wealth.
Named company tied to one billionaire’s background and charitable foundation, but not a central actor.
Mentioned as cofounder of the Gates Foundation, but not a central focus of the article.
Family company tied to George Kaiser’s background and wealth, but secondary to the philanthropy ranking.
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Sign in to commentRecipient of a donation from Julian Robertson, mentioned as supporting evidence of his giving.
Named company in Ted Turner’s background, but only mentioned as part of his wealth and philanthropic history.