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Millionaires Give Away Money

How millionaires give money and end up making more






Many millionaires give away money to others, usually to charities and nonprofit organizations. Philanthropy has always occurred, but it seems as if giving to others is more popular than ever before.

The beginning of the 21 century has marked a new era in philanthropy. The super rich used to give millions of dollars to charity. The biggest contributing before 1997 was $80,000,000 donated by the multi billionaire Bill Gates.

In that year, Ted Turner raised the bar with the single largest donation in history, a whopping $1,000,000,0000. This was only the start. In the past ten years, billion dollar contributions have become more prevalent, and the super rich seem to be competing for the biggest.

Right now the two most generous billionaire philanthropists are Bill Gates and Warren Buffet. Between these two, over $70 Billion dollars has been given away.

So why do billionaires and millionaires give away so much money? There is a common belief amongst many rich and affluent individuals that the more you give, the more you receive. Being that these people have millions and even billions of dollars, maybe they know something that others do not?

It makes us wonder if they give away money because they have it, or if they have so much because they give money freely to others. Maybe what goes around really does come around, and therefore the super generous continue to get richer and richer. This definitely seems to be the case.

In any event, the competition of the highest giver has had a huge impact on the world. When billionaires compete it is definitely the charities that prosper.







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