SINGAPORE, Nov. 15, 2012
/PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW)
business development solution for Global Private Banks, Luxury
Brands, Educational Institutions and Non-Profits, unveiled a list
of the top 10 UHNW donors in India
that measures their giving against their net worth.
With a net worth of US$12.3
billion, Azim Premji is
estimated to have donated US$1.3
billion or 10.7% of his net worth to charitable causes. A
close second is Asit Koticha, who
gave 10.4% of his net worth. Rounding out the top three is Shiv
Nadar, who gifted 10.0% of his wealth. On average, the top three
philanthropists gave 10.6% of their net worth.
|
Rank
|
Name
|
Gifts as
%
of Net
Worth
|
Est.
Net
Worth
(US$ million)
|
Giving
(US$ million)
|
|
1
|
Azim
Premji
|
10.7%
|
12,300
|
1,320
|
|
2
|
Asit
Koticha
|
10.4%
|
130
|
14
|
|
3
|
Shiv
Nadar
|
10.0%
|
4,100
|
411
|
|
4
|
Grandhi
Rao
|
9.2%
|
1,300
|
120
|
|
5
|
Ratan
Tata
|
6.0%
|
830
|
50
|
|
6
|
Nandan
Nilekani
|
6.0%
|
980
|
59
|
|
7
|
Bhavarlal
Jain
|
3.5%
|
170
|
6
|
|
8
|
Naveen
Jindal
|
2.3%
|
1,000
|
23
|
|
9
|
Nagavara
Murthy
|
0.9%
|
1,200
|
11
|
|
10
|
Mukesh
Ambani
|
0.5%
|
22,200
|
111
|
The top 10 UHNW philanthropists in India gave an average of 4.8% of their net
worth to philanthropic causes. This lags the top 20 mega donors who
gifted 9.9% of their net worth. All of the philanthropists on the
list gave to educational causes. Those related to health and public
social benefit ranked second in popularity, garnering the support
of 90% of the donors. Arts, culture and humanities causes
followed.
Commenting on the list, Wealth-X CEO, Mykolas D. Rambus said, "This reflects the
generosity of Indian UHNW entrepreneurs and corporate leaders who
believe in giving back to the community. Not-for-profit fundraisers
should continue to enhance their profile in India to raise awareness of their causes and
capture emerging opportunities as the propensity to give grows in
Indian society."
For the full list and supplemental analysis, please visit:
http://www.wealthx.com/articles/2012/top-10-philanthropists-in-india
About Wealth-X
Wealth-X provides detailed intelligence on ultra high net worth
(UHNW) individuals globally. The firm's Wealth-X Professional
solution is the standard for banking, marketing and not-for-profit
professionals working with the ultra affluent. Wealth-X is
headquartered in Singapore with
offices in all major financial centres.
For more information about Wealth-X, please visit:
www.wealthx.com
SOURCE Wealth-X