BUSINESS
The two Indian billionaires gifted Rs 407 crore in 2024, placing them among the country’s biggest donors.
Time magazine has released the list of TIME 100 Philanthropy 2025 for the first time. Mukesh Ambani, Reliance Industries chairman, and his wife, Nita Ambani and Reliance Foundation chairperson, have been featured in the list. According to the magazine, the two gifted Rs 407 crore in 2024, placing them among the country’s biggest donors.
Nita Ambani leads a number of the foundation’s programs to nurture and develop athletes by providing them with world-class facilities and coaching based on the latest in sports science, with a particular focus on female athletes. The magazine stated that the Indian billionaires have funded initiatives affecting millions of Indians that have provided funding for scholarships, helped women strengthen their career skills, and assisted rural communities with sustainable agriculture initiatives.
The list also includes David Beckham, who is honoured for his continued advocacy as a champion of change. Michael Bloomberg is named 2024's biggest donor. It also features Oprah Winfrey, recognised for her work in female education, and Melinda French Gates, who continues to focus on women, girls, and families.
The Indian billionaire Ambani is the richest man in Asia, with a net worth of USD 107.5 billion, as of May 20, as per Forbes. His Reliance Industries is the most valuable firm in India. The company has a market cap of Rs 19.28 lakh crore, as of May 20.
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