• Link to X
  • Link to Facebook
  • Link to Instagram
  • Link to TikTok
  • Link to Youtube
  • About
    • About Us
      • President
      • Board of Directors
      • Board of Advisors
      • Financials
      • Our Methodology
      • Success Tracker
      • Contact
  • Act Now
    • 30 Ways to Help
      • Email Congress
      • Call Congress
      • Volunteer
      • Courses & Certificates
      • Be a Donor
    • Internships
      • In-Office Internships
      • Remote Internships
    • Legislation
      • Politics 101
  • The Blog
  • The Podcast
  • Magazine
  • Donate
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu
Blog - Latest News
Activism, Advocacy

How the Richest Americans are Combatting Poverty

Wealthiest_Americans
The members of Forbes’ Top 25 richest Americans includes some of the most influential people in American society. However, these people are not just affecting the lives of Americans – many are using their wealth and influence to better the lives of the world’s poorest people. Here are two of the wealthiest that are making a difference.

Famous as the co-founder of Microsoft, Bill Gates is ranked number one on this list, with a net worth of approximately $81 billion. Focused on the idea “that all lives have equal value,” the Gates family founded the Bill and Melinda Gates Foundation in 2000. Since its launch, the foundation has donated over $30 billion to worthy causes around the world, including organizations aimed at expanding access to immunizations and groups aimed at supporting economic development. The Foundation has four main grant-making areas: global development, global health, global policy and advocacy, and the United States. GAVI Alliance, the organization with the largest grant commitment at $1.5 billion, was also created in 2000 with the goal of expanding access to vaccination in the poorest areas of the world.

An avid supporter of the Bill and Melinda Gates Foundation, as well as a trustee of the organization, Warren Buffett is the second wealthiest person in the Forbes’ list. Having earned his fortune from Berkshire Hathaway, a conglomerate company with stakes in many subsidiary companies, Buffett too makes philanthropy a top priority. Since 2006, Buffet has donated stocks from his company to different philanthropies based on his pledge made in that year to donate the majority of his fortune in annual installments. On July 6, 2015, he announced the latest donation of over $2.8 billion, with the largest amount going to the Bill and Melinda Gates Foundation and the rest donated to four family foundations: Susan Thompson Buffett Foundation, the Susan A. Buffett Foundation, the Howard G. Buffett Foundation and the NoVo Foundation.

These are just two of the richest Americans pledging billions of dollars to the fight against problems stemming from global poverty. Through advocacy, fundraising and donation, these men hope to improve life expectancy, economic mobility and more for those living in poverty in the United States and abroad. While the average American may not be able to donate such significant amounts of money, he or she can donate time and his or her voice to the larger discussion of global poverty. As Bill Gates said as the keynote speaker at the Forbes 400 Summit on Philanthropy last month, “Risk takers need backers. Good ideas need evangelists. Forgotten communities need advocates. And whether your chief resource is volunteer time or hard-earned dollars, for a relatively small investment catalytic philanthropy can make a big impact.

– Rachelle Kredentser

Sources: Forbes 1, Forbes 2 Gates Foundation 1, Gates Foundation 2, Gates Foundation 3, Huffington Post, Bank of America, NY Daily News, Philanthropy Roundtable, WarrenBuffet.com
Photo: World Crunch

July 31, 2015
Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Borgen Project https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Borgen Project2015-07-31 01:30:252024-05-27 09:26:28How the Richest Americans are Combatting Poverty

Get Smarter

  • Global Poverty 101
  • Global Poverty… The Good News
  • Global Poverty & U.S. Jobs
  • Global Poverty and National Security
  • Innovative Solutions to Poverty
  • Global Poverty & Aid FAQ’s
Search Search

Take Action

  • Call Congress
  • Email Congress
  • Donate
  • 30 Ways to Help
  • Volunteer Ops
  • Internships
  • Courses & Certificates
  • The Podcast
Borgen Project

“The Borgen Project is an incredible nonprofit organization that is addressing poverty and hunger and working towards ending them.”

-The Huffington Post

Inside The Borgen Project

  • Contact
  • About
  • Financials
  • President
  • Board of Directors
  • Board of Advisors

International Links

  • UK Email Parliament
  • UK Donate
  • Canada Email Parliament

Get Smarter

  • Global Poverty 101
  • Global Poverty… The Good News
  • Global Poverty & U.S. Jobs
  • Global Poverty and National Security
  • Innovative Solutions to Poverty
  • Global Poverty & Aid FAQ’s

Ways to Help

  • Call Congress
  • Email Congress
  • Donate
  • 30 Ways to Help
  • Volunteer Ops
  • Internships
  • Courses & Certificates
  • The Podcast
Link to: 8 Colombian NonProfit Organizations Link to: 8 Colombian NonProfit Organizations 8 Colombian NonProfit Organizations Link to: Climate Change Refugees and the Man from Kiribati Link to: Climate Change Refugees and the Man from Kiribati Climate Change Refugees and the Man from Kiribati
Scroll to top Scroll to top Scroll to top