Charities all around the world depend on the kindness of others to fund the work that they carry out. They do as much as they can to encourage the public to donate anything they can to help their cause, with even small amounts being gratefully received. However, there are some people in the world who have taken charitable donations to a new extreme. These incredibly wealthy individuals have decided that rather than simply amassing money in bank accounts that they will instead use their fortunes to do some good in the world.
With an estimated net worth of $18.1 billion, Michael Bloomberg is one of the wealthiest men alive. He has put a good portion of that fortune to charitable causes, donating some $1.6 billion to more than 850 organizations. While the types of good causes he helped varied widely, some of his most prominent donations included universities such as Johns Hopkins and Princeton.
Before his death in 2014, James Stowers put the vast majority of his net worth into the construction of a $2 billion biomedical research facility, leaving the tycoon with just $100 million. The Stowers Institute For Medical Research aims to improve the quality of life for people by researching ways to battle diseases such as cancer.