Last Updated:

Rich People Giving Away Money Free

From time to time, billionaires give away money and part of their fortune to charity. Some go to an extent of giving away all of their money. There are several reasons why rich people give away money to a charity like to have an impact on the lives of the less fortunate, promote startups, innovation and education, or avoid tax. 

In this article, we are going to look at billionaires giving away money to charitable organizations and schools to promote education and research.

Why Do Billionaires Give away Money?

The following are some of the reasons why billionaires give away money.

  • Help people achieve their dreams and goals
  • To help fight hunger, diseases, and outbreaks
  • Fund education, research, and conservation
  • Help people in times of crisis
  • Help poor and vulnerable people

Rich People Giving Away Money Free

The following is a list of billionaires giving away money for free.

1. MacKenzie Scott

MacKenzie Scott is one of the richest people giving away money free to charitable organizations. She is an ex-wife to Jeff Bezos of Amazon. MacKenzie Scott became a billionaire after finalizing her divorce from Jeff Bezos. Since then, she has given a significant part of her wealth to charity.

During the Black Lives Matter protests in 2020, she gave grants worth $1.7 billion to organizations dealing with racial and social justice. Later the same year, she gave $4.2 billion to different organizations across all the 50 states. So far, she has given away over $12.5 billion for free.

2. Warren Buffett

Warren Buffett is an investment mogul who has also been giving money to charitable organizations like the Bill and Melinda Gates Foundation. He gets much of his wealth from his investments like Berkshire Hathaway.

Warren Buffett said that he intends to give away 99% of his wealth to philanthropic organizations established by his late wife and children. Warren Buffett has given away money worth over $45 billion.

3. Bill and Melinda Gates

Bill and Gates through their organization Bill and Melinda Gates Foundation have been giving away money to charity. The organization supports initiatives and programs focusing on emergency relief, urban poverty, education, and global health.

Bill Gates has been on the front line to encourage billionaires to give donations to charitable organizations. Since 1994, Bill and Melinda Gates have given away over $50 billion of their fortune to charity.

4. George Soros

George Soros is well known for giving away more than he has kept. He has a net worth of $6.7 billion, yet he has given over $32 billion to Open Society Foundations. His total giveaways amount to 64% of his wealth.

George Soros is a hedge fund manager and is one of the world’s richest investors. He has made much of his fortune from investments. His donations are mainly to fund education and health programs, democracy, and human rights efforts.

5. Michael Bloomberg

Michael Bloomberg, the former New York mayor and Founder of Bloomberg Inc. He is one of the charitable givers having given over $12.7 billion. Michael Bloomberg's charitable causes are about climate change, gun control, and education scholarships.

6. Chuck Feeney

Chuck Feeney is the co-founder of Duty-Free Shoppers Group. He once gave away all the cash he made from his duty-free shops. In addition, he also gave away his house and lives in rented accommodation. His motto has been “Giving while living”. Sometimes he gives away money free without anyone knowing through his foundation The Atlantic Philanthropies.

7. J.K Rowling

J.K Rowling is also on the list of billionaires giving away money for free. She is the author of seven Harry Potter novels. She has an inspiring story after getting rejected 12 times while trying to pitch “Harry Potter”.

During the Covid-19 lockdowns, J.K Rowling gave £1 million of donations to support the poor. Earlier in 2019, she donated £15.3 million to Anne Rowling Regenerative Neurology to support research.

8. Tim Cook

Tim Cook is the CEO of Apple and a businessman. He is also on the list of billionaires giving away money. He makes most of his fortune from his shares in Apple worth over $375 million. His earnings and dividends from Apple amount to about $650 million. 

In 2019, he donated $5 million worth of Apple shares to charity. He also plans to give about $785 million of his fortune to charity. He lives to live a simple life and resides in Palo Alto.

Read more: Where do billionaires live in the USA?

9. Jim Walton

Jim Walton is a businessman and heir of Walmart. He is the son of the late Walmart founder Sam Walton. Walton and his family have been donating to charitable causes through their organization Walton Family Foundation.

Their charitable causes are about protecting rivers and oceans, improving K-12 education, and supporting local communities.

Tips on How to Get Free Money from Rich People

How can I get free stuff from rich people giving away free stuff near me? The following are some tips that can help you:

  • Be honest. To get free stuff, don’t lie that you are in need while in actual sense you aren’t. If rich people discover that you lied to extort money from them, they can report you to authorities.
  • Don’t beg or demand. Make a kind request in a polite manner and be courteous. Let the rich people know why you need the money. If you can validate their donation, they will definitely give you money.
  • Ask for a realistic amount of money. Do not ask for large amounts of money from rich people. Be realistic about why you need the money. For instance, if you need money for school fees or to start a business.
  • Write a letter in the first person. If you are reaching out to rich people via post or email, write your email in the first person.
  • Say thank you in advance. When people are appreciated, they tend to do more. As such, make sure to appreciate them before they can even make a donation. After all, it's good manners to be polite.
  • Be clear and concise. Since many rich people are usually busy, introduce yourself and go direct to the point. Explain your situation and why you need money and you can leave your contact details.

Summary of Rich People Giving Away Money Free

The following are some of the billionaires in the world giving away free money. When rich people give to charity, it makes them feel they have an impact on society. Rich people are willing to support a noble cause in society. Besides, as it is said, "it is more blessed to give than to receive". As such, rich people do not get poor for giving.

Read More