While nine of America’s billionaires have given away at least 20 percent of their net worth, the vast majority of the country’s wealthiest have given away less than 5 percent of their fortunes, the latest analysis by Forbes finds.

Comparing lifetime “out-the-door” giving—money spent, not waiting in a foundation or donor-advised fund—as a percentage of current net worth, Forbes found that nearly 77 percent of the 2022 Forbes 400 whose giving could be effectively measured have given 5 percent or less of their net worth, while more than 41 percent have contributed less than 1 percent.

Nine individuals or couples—up from eight in 2021—have lifetime giving of at least 20 percent, including Giving Pledgers Bill Gates (ranked #2 on the Forbes list with a net worth of $106 billion), Melinda French Gates (#143, $6.4 billion), MacKenzie Scott (#18, $37.7 billion), Warren Buffett (#5, $97 billion), Gordon and Betty Moore (#104, $7.5 billion), Lynn Schusterman (#343, $3.2 billion), and John and Laura Arnold (#332, $3.3 billion), as well as George Soros (#128, $6.7 billion), who topped the list as America’s biggest donor as a percentage of net worth for the third year in a row, having given away $18.1 billion—nearly three times his current net worth—and Amos Hostetter Jr. (#327, $3.4 billion), co-founder of the Barr Foundation.

According to Forbes, 18 billionaires (up from 11 in 2021) have lifetime giving between 10 percent and 19.99 percent, including Michael Bloomberg (#9, $46.8 billion) and Jim and Marilyn Simons (#25, $28.1 billion); 54 (up from 44) have lifetime giving between 5 percent and 9.99 percent, including Mark Zuckerberg and Priscilla Chan (#11, $57.7 billion) and Charles Schwab (#60, $10.5 billion); and 120 (up from 116) have lifetime giving between 1 percent to 4.99 percent—including Sergey Brin (#7, $89 billion) and Jeff Bezos (#2, $151 billion). The largest cohort, 144 (down from 156), remains those who have lifetime giving of less than 1 percent—including four of the 10 wealthiest people in the United States: Elon Musk (#1, $251 billion), Larry Ellison (#4, $101 billion), Larry Page (#6, $93 billion), and Jim Walton (#10, $57.9 billion).

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