indica News Bureau-
Azim Premji, India’s second-richest man, gave away shares worth almost $7.6 billion as donations. This donation titled him the world’s largest contributor (to charity) of the year 2019. He has also been named as Asia’s most generous philanthropist in the year 2019. He topped the Forbes’ list of ‘The Biggest Philanthropic Gifts Of 2019’.
With the latest contribution, the total value of funds committed by the billionaire to Azim Premji Foundation’s philanthropic activities is ₹1.45 trillion ($21 billion). This includes a 67% economic ownership of Wipro, the news minute reported.
According to the foundation’s website, “The core idea is to improve quality of education and provide better learning experiences for children in government schools through improving the capacities of teachers at multiple levels.”
The foundation also developed the Azim Premji University in Bangalore India; and with the newest funds, they hope to build another university in northern India.
Premji, who has often said that he was inspired by Mahatma Gandhi, as well as his mother’s decades-long involvement with a children’s charitable hospital in Mumbai, began his philanthropic journey in 2001, when he set up his eponymous foundation with an initial endowment of Wipro shares worth $125 million. He followed that up with subsequent donations of more than $4 billion. His latest gift will help the foundation scale up its activities several-fold, discloses its CEO Anurag Behar, a Wipro veteran who took charge in 2010.