New Delhi: Wealth always receives part of its value from how it is bestowed. Every aspect of this statement is embodied by Jamsetji Tata, the revered Indian business magnate. Jamsetji, founder of Tata Group, is considered the world’s greatest philanthropist in the last 100 years, according to a list compiled by the EdelGive Foundation and the Hurun Report 2021.
Jamsetji topped the list of the world’s most generous person in the 2021 list, thus eclipsing well-known people like Mukesh Ambani and Azim Premji.
The world considers him a legend because he was not only a phenomenal producer of wealth but also a progressive philanthropist who believed in the distribution of the wealth he created.
At the top of the EdelGive Foundation and Hurun Report 2021 list was Jamsetji Tata, the father of Indian industry, followed by Bill and Melinda Gates, Warren Buffet, Henry Hughes and George Soros.
“While American and European philanthropists have dominated thinking about philanthropy over the past century, Jamsetji Tata, founder of India’s Tata Group, is the world’s greatest philanthropist,” Rupert Hoogewerf, president and chief researcher at Hurun.
With a total value of donations then estimated at $102.4 billion, Jamsetji Tata was the world’s greatest philanthropist of the last century. Based on the value of listed entities, Tata’s overall charitable value comprises 66% of Tata Sons, which is believed to be worth $100 billion.
In the 1870s, the founder of the Tata group started a textile factory in central India. His vision enabled India to leap into the ranks of industrialized nations, inspiring the country’s steel and energy industries, and laying the foundation for technical education.
His humanity was what made Jamsetji truly exceptional. He made considerable donations, primarily for educational and medical purposes.
Jamsetji passed away in 1904, after which his son Ratan Tata, chairman emeritus of the Tata Group, continues his legacy by overseeing the conglomerate’s philanthropic efforts.
There is only one other Indian in the list of the world’s top 50 philanthropists: Azim Premji, the founder of Wipro, who generously donated $22 billion, according to the EdelGive Foundation and the Hurun Report 2021.