Jamsetji Nusserwanji Tata, the founder of the Tata Group, has topped the list of EdelGive Hurun Philanthropists of the Century, with an estimated donation of $102.4 billion mainly made in the health and education sector.
Jamsetji Tata, whose endowments began as early as 1892, was popular for his ventures within the cotton and pig iron industry. He set up Tata Iron and Steel Works Company (TISCO) in Jamshedpur, now known as Tata Steel in Jamshedpur. Jamsetji Tata died in 1904 and Tata Steel now operates across 26 countries and employs around 80,500 people, according to various reports.
Among others, Wipro founder Azim Premji is the only Indian to be ranked among the top 50 global philanthropists compiled by the Foundation. Premji, who gifted India a donation of $22 billion for various noble causes, has ranked 12th on the list.
Among the top 5 are Bill Gates & Melinda French Gates, Henry Wellcome, Howard Hughes and Warren Buffett.
The data used to collate the rankings has been derived from publicly available sources and in certain cases, from the data directly shared by companies. According to Business Standard, the ranking is based on Total Philanthropic Value, which is the value of the assets adjusted for inflation, together with the sum of gifts or distributions to date.
Source: www.news18.com
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