The 10 Americans Who Gave Away the Most Money Last Year

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
The 10 Americans Who Gave Away the Most Money Last Year

© Kevork Djansezian / Getty Images

Ten Americans gave away over $160 million each last year. The richest couple in the world is at the top of the list. One person on the list died in 2018. Five made their money in the tech industry. One may run for president in 2020.

According to the Chronicle of Philanthropy, which posts a list of the top 50 American givers each year, the donations plunged from 2017. Their research shows those on the list “contributed a total of more than $7.8 billion last year, a steep drop from the $14.7 billion the top 50 donors gave in 2017.” The organization’s top 50 comes from the total amount those on the list gave to charities in 2018. Another distinction, according to the research, is that many of those who gave large sums are not among America’s mega-rich. “Although many of the people on the list are household names, not all are, and that is a sign that not all of America’s wealthiest are giving big sums to charity every year. Just 21 of the people on the Forbes 400 list of the wealthiest Americans appear on this year’s Philanthropy 50; the rest are less affluent.”

The range of causes is very wide. Many of the gifts were to foster future technology, which includes artificial intelligence. Others gave money to large universities.

Topping the list, Jeff Bezos and his wife MacKenzie gave $2 billion. Bezos generally is considered the richest man in the world, with a net worth of $136 billion. He and his wife are in the midst of a messy divorce. Paul Allen, a co-founder of Microsoft, gave $261,432,500. He was diagnosed with non-Hodgkin lymphoma in 2009 and died on October 15, 2018. Other tech billionaires on the list include Pierre and Pam Omidyar. He was a founder and former board chair of eBay. Former Microsoft CEO Steve Ballmer and his wife Connie made the list. So did Facebook founder Mark Zuckerberg and his wife Priscilla Chan.

[nativounit]

These are the top 10 donors to charitable organizations in 2018.

  1. Jeff and MacKenzie Bezos gave $2 billion.
  2. Michael Bloomberg gave $767 million.
  3. Pierre and Pam Omidyar gave $392 million.
  4. Stephen Schwarzman gave $390 million.
  5. Steve and Connie Ballmer gave $295 million.
  6. Paul Allen gave $261,432,500.
  7. Mark Zuckerberg and Priscilla Chan gave $213,598,215.
  8. John and Laura Arnold gave $204.3 million.
  9. Jay Alix gave $200 million.
  10. Edward Bass gave $160 million.

[recirclink id=529006]
[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618