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Warren Buffett tops our list as the biggest giver for the fourth year in a row, with $56.7 billion in lifetime giving. The 93-year-old CEO of conglomerate Berkshire Hathaway–who also gave away the most in 2023–is on a mission to make sure that he doesn’t leave his heirs a fortune. “My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable,” Buffett wrote in a statement he issued in November to accompany a gift of Berkshire shares to four family charitable foundations. Still, he’s only donated 30% of his fortune, in part because the value of his Berkshire Hathaway stock keeps rising.<br/><br/>MacKenzie Scott continues to give away billions of dollars a year faster than just about anyone else in the ranking, to a wide variety of nonprofits in the U.S. and countries like Brazil and India. In December, the novelist and former wife of Jeff Bezos published a list of the 360 nonprofits to which she’d donated a combined $2.15 billion during 2023. That brings her lifetime giving–in less than five years–to nearly $16.6 billion to 1,954 groups–more than all but four others on this list, all of whom have been at this for at least three times as many years. Scott, who received a 4% stake in Amazon as part of the divorce settlement with Bezos in 2019, now owns just under 2% of the company, per a recent regulatory filing.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/forbeswealthteam/2024/02/15/americas-top-givers-2024-the-25-most-philanthropic-billionaires/?sh=712ad6616714<br/><br/>Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Altogether, the lifetime giving of America's top 25 philanthropists through December 30, 2023 rose to nearly $211 billion, up about 7% from last year’s total, Forbes found. New giving just in 2023 by the members of this year’s list totaled nearly $25 billion.<br/><br/>But that increase in charitable giving pales in comparison to the rise in their fortunes in the past year. The 25 biggest givers are together now worth an estimated $1.35 trillion–up an astonishing 44% more than a year ago, largely thanks to a dramatic rise in U.S. stocks.<br/><br/>Warren Buffett tops our list as the biggest giver for the fourth year in a row, with $56.7 billion in lifetime giving. The 93-year-old CEO of conglomerate Berkshire Hathaway–who also gave away the most in 2023–is on a mission to make sure that he doesn’t leave his heirs a fortune. <br/><br/>Our estimates factor in the total lifetime giving of Americans through the end of 2023, measured in dollars given to charitable recipients; we are not including money parked in a foundation that has yet to do any good. To that end, we also do not include gifts that have been pledged but not yet paid out, or money given to donor-advised funds—opaque, tax-advantaged accounts that have neither disclosure nor distribution requirements—unless the giver shared details about the grants that were actually paid out by such entities. For giving as a percent of net worth, we add lifetime giving to net worth and then divide lifetime giving into that total. This is a list of individuals and couples who are U.S. citizens; as a result, we exclude extended families like the Waltons, controlling shareholders of Walmart, and big givers like Hansjoerg Wyss, who lives in the U.S. but is a Swiss citizen. We also don’t list deceased individuals. Net worths are as of February 9, 2024.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/forbeswealthteam/2024/02/15/americas-top-givers-2024-the-25-most-philanthropic-billionaires/?sh=76d5f7196714<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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America’s richest have been buying in Hawaii for years, but no one knew exactly how extensive their holdings were. To figure it out, Forbes spent months digging through thousands of property records on Hawaii’s six biggest islands. The results were astonishing: Just 37 billionaires own at least 218,000 acres. That’s 5.3% of the state’s total land and 11.1% of all non-government-owned land—though it is likely even higher given the lengths to which these billionaires go to obscure their ownership. Expressed a different way: Those 37 people, equal to just 0.003% of Hawaii’s total population of 1.4 million, own more than 10% of its land. <br/><br/>With billionaires like Oprah Winfrey, Mark Zuckerberg and Larry Ellison buying up so much real estate, locals are wondering if Hawaii is becoming a playground for the rich. <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/phoebeliu/2024/02/18/meet-the-billionaires-buying-up-hawaii/?sh=290719b850f3<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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With sales of costlier electric cars cooling, Rivian CEO RJ Scaringe is going to woo consumers with a smaller SUV and a smaller $45,000 price tag.<br/><br/>A storm is brewing on a chilly, gray winter day in Palo Alto, California. Still, RJ Scaringe is in a great mood as he power walks through Rivian’s leafy Silicon Valley campus, with one “let me show you this — it’ll just take 30 seconds” after another.<br/><br/>The 41-year-old CEO and founder of the most-promising of the baby Teslas (including Lucid, Fisker and Nikola) established the company in 2009 soon after getting a Ph.D. in engineering from MIT. Rivian had a rocky start when it launched production in late 2021, a historically tough time to start an auto company. Elon Musk predicted in 2022 that Rivian (and Lucid) would go bankrupt. It didn’t.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2024/02/20/how-rj-scaringe-is-driving-rivian-into-the-ev-mass-market/?sh=7c74ebc141bd<br/><br/>Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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