Asian Philanthropists Constitute 45% Of The Top 20 Next Mega Donors

Wealth-X Releases List Of Global Top 20 Emerging Mega Donors

News provided by

Wealth-X

Sep 27, 2012, 06:01 ET

NEW YORK, Sept. 27, 2012 /PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW) business development solution for Fundraisers, Prospect Researchers, Marketing Executives, Business Development Professionals and Private Bankers, officially released its list of the global top 20 emerging mega donors. A co-sponsor of the Global Citizen Festival 2012 concert in New York on 29 September, Wealth-X selected the top 20 next mega donors based on their efforts to emulate forebearers of modern major giving, such as Carnegie and Rockefeller.

The top five next mega donors to watch are

Rank

 

 

 

Name

 

 

 

Gift as
% of
Net
Wealth

Net
Wealth
(USD
billion)

Country
of Origin

 

 

1

Wenzai Huang

5.97%

$1

China

2

Hans-Werner Hector

3.53%

$1.8

Germany

3

Terrence Pegula

3.03%

$3.3

US

4

Gennady Borisovich Bogolyubov

2.90%

$2.6

Ukraine

5

Jianlin Wang

1.65%

$10.7

China

Insights that have emerged from this study include:

  • 20% of this list of emerging mega donors are American. In contrast, seven of the top 20 next mega donors come from India and China, these donors contributed a total of US$250 million over the last three years.
  • These emerging mega donors are focused on causes related to higher education, followed by health and social programs. Causes that support the humanities are third most popular.  
  • 45% of the top 20 next mega donors are from Asia. Mega donors give on average 9.9% of their income to philanthropic causes compared to 4.7% given by the average American.

Mykolas D. Rambus, CEO of Wealth-X, commented on the list. "With 187,380 UHNW individuals in the world, as uncovered in our latest edition of the World Ultra Wealth Report, the opportunities for fundraising professionals are immense." 

President of Wealth-X, David S. Friedman said, "The top 20 mega donors represent a total net worth of $65.4 billion, less than 1% of combined global UHNW wealth, clearly there is opportunity for greater giving globally."

For more information and to view the full list of the top 20 emerging mega donors, please visit: www.wealthx.com/

About Wealth-X

Wealth-X provides detailed intelligence on ultra high net worth (UHNW) individuals globally. The firm's Wealth-X Professional solution is the standard for banking, marketing and not-for-profit professionals working with the ultra affluent. Wealth-X is headquartered in Singapore with offices in all major financial centres.

SOURCE Wealth-X

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