Glazing the ‘Hurun Indian Philanthropy List 2018’ with a contribution of Rs 437 crores in a year, richest Indian Mukesh Ambani is now also the most generous Indian philanthropist.
The list, amassed by China-based Hurun Research Institute, ranks these individuals from India, who have donated Rs 10 crores or more from October 1, 2017, to September 30, 2018.
With an average donation of Rs 40 crores per philanthropist, the total Indian philanthropy amount in the list stands at Rs 1,560 crores for the said period. Education is the most preferred cause for the donations followed by healthcare getting 12 percent and rural development 10 percent of the total amount.
Corporate social responsibility (CSR) spending of Mukesh Ambani mostly emphases on education and is channelized through Reliance foundation, which aims to promote comprehensive growth in India. Apart from education, social, rural development and healthcare were also among Ambani’s philanthropic interests.
According to Barclays Hurun India Rich List for 2018, announced in September last year, Mukesh Ambani continues to hold the ‘richest Indian’ title for the seventh year with a net worth of Rs 3,71,000 crore as on July 31, 2018.