“The high levels of charitable giving here also have something to do with the more limited role government plays in this country than, say, in Canada or European countries. Big gifts have begun to be handed out by billionaires outside the U.S. as well, following in the footsteps of their American counterparts. A close second is hedge fund billionaire George Soros, who has donated more than 76% of his wealth to his Open Society Foundations. Two non-U.S. billionaires who have signed the Giving Pledge but not yet hit the billion-dollar giving mark are stepping up their philanthropic efforts. One billionaire, who appears to be incredibly generous, is not on the list below because of a technical reason.

Source: The North Africa Journal March 28, 2019 14:15 UTC