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Lifetime Giving Of UHNW Indian Philanthropists Exceeds US$2 Billion

Date : 11/15/2012 @ 1:54PM
Source : PR Newswire (US)

Lifetime Giving Of UHNW Indian Philanthropists Exceeds US$2 Billion

Lifetime Giving Of UHNW Indian Philanthropists Exceeds US$2 Billion

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

Copyright 2012 PR Newswire



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