According to the FORBES 2026 List of Billionaires -
"There has never been a better time to be a billionaire. Thanks to AI’s explosion, sizzling markets and favorable fiscal policies, a record 3,428 entrepreneurs, investors and heirs made this year’s World’s Billionaires list, 400 more than in 2025. They are richer than ever, worth a record $20.1 trillion, up $4 trillion from last year." - https://www.forbes.com/billionaires/
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For those of us who struggle pay cheque to pay cheque, this is disgusting, but this is not all bad.
There are some philanthropists among them and this post highlights just one of them as a representative of those uber rich people who give back to society. I am referring to philanthropists in general in this blog as they are often "movers and shakers" on a global scale yet remain humble enough to give back to society.
There will be people who scoff at that description saying they only do it for the tax breaks, which may be true, but the net result is that people benefit from it.
Amancio Ortega of Spain is one such philanthropist. As the founder and former chairman of Inditex fashion group, best known for its chains of Zara and Bershka clothing and accessories shops, Amancio gives back in many different ways.
In 2001, he established the Amancio Ortega Foundation, a private non-profit institution headquartered in Arteixo, aimed at promoting various types of activities, primarily in the fields of education and social welfare.
- Among its initiatives, the foundation donated €20 million to Caritas in October 2012, marking the largest single donation ever received by the NGO in its history. Caritas Internationalis is a confederation of 162 national Catholic relief, development, and social service organizations operating in over 200 countries and territories worldwide.
- The Amancio Ortega Foundation also runs a scholarship program for students to complete their first year of Baccalaureate studies (equivalent to high school) in Canada and the United States, open to applicants nationwide. During the 2016/17 academic year, 500 scholarships were awarded, with 250 students studying in Canada and another 250 in the U.S.
- In March 2017, on the occasion of its founder’s 81st birthday, the foundation announced its largest donation to date: €320 million to public healthcare systems to combat cancer. This donation expanded on a previous €17 million contribution made in 2015 to hospitals in Galicia and Andalusia. The funds were used to purchase and maintain over 290 state-of-the-art cancer detection and treatment systems in hospitals across Spain.
- In November 2024, he created a €100 million fund to mitigate the impact of the DANA (translates to "Isolated Depression at High Altitudes" (or) a severe weather system) on the hardest-hit populations in Valencia. The episode that hit the area of Valencia was the deadliest in modern Spanish history and the most catastrophic flood-related event in Europe since 1967 dropping a years worth of rain in just 8 hours killing hundreds of people.
- MLI, who has seen to the housing and other needs of over 50,000 international students since 1994 https://www.mlihomestay.com/
- ASSE annually accommodates over 30,000 students being in operation since 1938. https://asse.com/
- AFS has been in operation since 1947. https://www.afscanada.org/en/









