Monday, 26 January 2015
Last updated 1 hour ago
Feb 7 2011 | 8:53am ET
Hedge fund billionaire George Soros was the most generous giver of 2010, according to the Chronicle of Philanthrophy's annual ranking.
Soros topped a decidedly unimpressive list, according to the Chronicle: The 50 biggest donors of last year gave a combined total of $3.3 billion, the smallest total since the Chronicle began putting out the list a decade ago. About one-tenth of that figure was donated by the Soros Fund Management chief, who gave a total of $332 million last year, including to his own Open Society Foundations.
New York City Mayor Michael Bloomberg was second on the list with $279.2 million in donations.
Only one other alternative investments honcho made the top 10: BP Capital's T. Boone Pickens, who gave $101 million, almost all of it in the form of a pledge to Oklahoma State Universities to fund academic merit- and need-based scholarships, although the school won't get it until he dies.
Also making the top 50 were Pershing Square Capital Management's William Ackman ($59.3 million) and the Carlyle Group's David Rubenstein ($26.6 million).
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…