In the latest release of Forbes Asia’s Heroes of Philanthropy list, renowned business leaders Nandan Nilekani, K P Singh, and Nikhil Kamath stand out for their notable contributions to various causes. The list, which doesn’t rank individuals, emphasizes the dedication of these leaders in giving back from their wealth and personal time to selected charitable endeavors.
Nandan Nilekani’s Generosity to IIT Bombay
Nandan Nilekani, the co-founder and chairman of Infosys, secured a spot on the list by committing Rs 3.2 billion (USD 38 million) to his alma mater, IIT Bombay. This generous gift, spanning five years, commemorates his 50-year association with the esteemed technology institute, where he pursued electrical engineering. Over the years, Nilekani’s contributions to educational causes have totaled Rs 4 billion, with an additional Rs 1.6 billion donated in the past year.
K P Singh’s Philanthropic Journey
K P Singh, the chairman emeritus at DLF, divested his remaining stake in the real estate firm in August 2020 to fund philanthropic initiatives. Citing the company, Forbes reports that Singh garnered Rs 7.3 billion from the sale of his 0.59 per cent shareholding in the Delhi-based property developer. With an estimated fortune of USD 14 billion, the 92-year-old philanthropist splits his time between London and Dubai. He established the K.P. Singh Foundation in 2020, adding to his earlier foundations, to continue his impactful philanthropic work.
Nikhil Kamath’s Pledge for a Better Society
Nikhil Kamath, co-founder of Zerodha and a prominent figure on the Forbes philanthropy list, joined the Giving Pledge initiative in June. In his pledge letter, the 37-year-old expressed his primary interests in addressing climate change, energy, education, health, and the overarching mission of fostering a more equitable society.
Kamath’s popular YouTube podcast series, ‘WTF is,’ stands out for its philanthropic endeavors. Through the show, he and guest business leaders have donated up to Rs 10 million (USD 120,000) to charities chosen by the audience. With a net worth estimated at USD 1.1 billion, Kamath plans to increase episode donations to Rs 40 million.
Forbes Asia’s recognition highlights the significant impact these philanthropists are making in diverse areas, showcasing their commitment to creating positive change in society.