philanthropy
Elon Musk's $474 Million Philanthropy in 2024: Where His Billions Are Going
Nov 20, 2025 02:17 am CST
In 2024, Elon Musk's foundation distributed a record $474 million, with the majority directed to his own nonprofit organizations. Despite this substantial giving, these donations represent only a fraction of his $434.6 billion net worth. The foundation now controls $14.7 billion in assets, surpassing many established philanthropic institutions while operating with minimal staff and focusing primarily on STEM education and donor-advised funds.
Warren Buffett to Donate $149 Billion in Berkshire Stock as He Steps Down as CEO
Nov 11, 2025 05:39 pm CST
Billionaire Warren Buffett announces retirement as Berkshire Hathaway CEO while pledging to donate his remaining $149 billion in company stock to charitable foundations. The 94-year-old investment legend will be succeeded by Gregory Abel after year-end, maintaining optimism about the company's future while expressing concerns about currency devaluation and trade policies.
Larry Ellison Pledges 95% of His $350 Billion Fortune to Philanthropy: Inside the Oracle Co-Founder's Giving Journey
Sep 26, 2025 01:36 pm CST
Oracle co-founder Larry Ellison, currently the world's second-richest person with a $350 billion fortune, has committed to donating 95% of his wealth through the Giving Pledge. His philanthropic efforts include establishing the Ellison Institute of Technology in partnership with Oxford University and making significant donations to medical research, though his philanthropic journey has faced some implementation challenges.
UK Charity Cuts Ties With Prince Andrew's Ex-Wife Over Jeffrey Epstein Email
Sep 23, 2025 02:55 am CST
A UK children's charity said Monday that it had severed ties with Sarah Ferguson, the ex-wife of disgraced Prince Andrew, after an email emerged between her and convicted US sex offender Jeffrey Epstein.