With the latest move, Premji, who turned a small maker of vegetable oil into a software behemoth, has donated $21 billion of his fortune to charity. Premji’s philanthropy may prompt the rich in a nation where ultra-high net worth population is expected to surge 39 percent by 2023 donate more to charity, and help pull millions out of poverty.
Azim Premji, the billionaire chairman of Indian conglomerate Wipro Ltd., will gift an extra $7.5 billion of the company’s shares to support philanthropic activities, making it the most generous donation in the nation’s history.
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