Contrary to popular belief, some of the wealthiest people in the world remain devoted to helping their communities. Some spend their fortunes creating beneficial foundations, while others enjoy donating their time to special causes or construct educational, medical, or recreational facilities. Philanthropic endeavors are wide and varied, and many incredible philanthropists happen to be seniors.
1. Warren Buffett
Buffett grew up in modest surroundings that included having a paper route. He later studied business at Columbia University and became a successful investor. As CEO of Berkshire Hathaway, Buffett is one of the world’s most well-known billionaires. In recent years, he committed a portion of his wealth to the Bill & Melinda Gates Foundation, which strives for better educational opportunities in the United States along with standards of living throughout the world.
Engaging in philanthropic efforts is one of the many ways seniors can boost their emotional wellbeing. Seniors who want to remain healthy as they age can benefit in a variety of ways when they receive professional non-medical home care. Indianapolis, IN, Home Care Assistance is here to help your loved one accomplish daily tasks, prevent illness, and focus on living a healthier and more fulfilling life.
2. Bernard Osher
Along with his sister and her husband, this millionaire established Golden West Financial. He also founded the Bernard Osher Foundation and donated more than $700 million to the organization, which promotes higher education, the arts, and integrative medicine in Maine and the San Francisco Bay area. He also created a scholarship program for adults over the age of 50 who desire to return to school.
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3. George Soros
Soros was born in Budapest, Hungary, and managed to survive Nazi Germany occupation. After the war, he emigrated to England and began his education in finance and investment. His philanthropic endeavors began in the 1970s. At that time, he donated funds to help students attend the University of Cape Town in South Africa. As his wealth grew, he donated $100 million to Russian universities. He spent another $50 million to eliminate poverty in Africa, and yet another $742 million went toward various humanitarian projects in the United States. Other favorite projects include providing aid to scientists and educational institutions throughout Europe. His charitable contributions surpass billions of dollars.
4. Michael Bloomberg
This successful businessman and former New York City mayor learned hard work and responsibility as a young man. Bloomberg earned money as a parking lot attendant to support his education at John Hopkins University, and he later earned a graduate degree from the Harvard Business School, then established Bloomberg L.P. Each year, he donates approximately $140 million to organizations promoting the arts, education, public health, and social services. Bloomberg’s other donations have included helping to establish the World Trade Center Memorial Foundation. In recent years, he purchased a townhouse located on the Upper East Side to create another charitable foundation.
5. Ted Turner
Turner is known for founding the CNN cable television network. He is renowned for owning the most land in the United States, and he also spends a great deal of time expanding his Ted’s Montana Grill restaurants. However, the business magnate also makes time for efforts to make the world a better place. He pledged $1 billion in support of the Better World Fund and the Nuclear Threat Initiative. His other selfless endeavors include the Captain Planet Foundation, the Turner Endangered Species Fund, and the Turner Foundation.
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