11 on Forbes 400 list have given away at least 20 percent of net worth
While 11 of America’s wealthiest individuals and couples have given away at least 20 percent of their net worth, two-thirds of those on the 2023 Forbes 400 list have given away less than 5 percent, Forbes reports.
According to the Forbes analysis, members of the list have collectively given more than $250 billion to charity—less than 6 percent of their combined net worth.
Comparing lifetime “out-the-door” giving—money spent, not sitting idle in a foundation or donor-advised fund—as a percentage of current net worth, Forbes found that 11 of America’s 400 wealthiest people—up from nine in 2022—have given away 20 percent or more of their wealth, including George Soros (ranked #156 on the list with a net worth of $6.7 billion), who topped the list for the fourth year in a row with $19 billion in giving—nearly three times his current net worth. Also among the top lifetime givers on the list are Warren Buffett (#4, $121 billion), Bill Gates (#6, $111 billion), MacKenzie Scott (#21, $37.1 billion), Melinda French Gates (#66, $10.3 billion), Edythe Broad (#145, $7 billion), Pam and Pierre Omidyar (#164, $6.4 billion), Lynn Schusterman (#258, $4.5 billion), Jeff Skoll (#264, $4.4 billion), and Laura and John Arnold (#345, $2.2 billion)—all of whom are signatories to the Giving Pledge—as well as Amos Hostetter, Jr. (#326, $3.5 billion).
According to Forbes, 70 people on the list have promised via the Giving Pledge to give away more than half of their wealth by their death, though Soros—who has not signed the pledge and recently ceded control of his fortune to his son Alexander Soros—is the only philanthropist on the 2023 list who has hit the mark thus far. Scott has given away an estimated $15 billion (between 25 percent and 30 percent of her net worth) since her 2019 divorce from Jeff Bezos.
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