HOUSTON / LONDON (IT BOLTWISE) – John and Laura Arnold have established themselves as outstanding philanthropists by donating almost half of their fortune during their lifetimes. Her foundation, Arnold Ventures, relies on data-driven approaches to achieve measurable results in areas such as healthcare and education.
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John and Laura Arnold are a remarkable example of effective philanthropy. As the only participants in the Giving Pledge, they managed to donate almost half of their wealth during their lifetime. The Arnolds, who built their fortune through John Arnold’s career as an energy trader and hedge fund manager, have donated more than $2 billion, about 42 percent of their current wealth.
The Giving Pledge, initiated by Bill and Melinda Gates and Warren Buffett, calls on the world’s richest people to donate at least half of their wealth to charity. But despite the many signatories, only a few, like the Arnolds, actually delivered. Her foundation, Arnold Ventures, founded in 2008, now employs 150 people in offices in New York City, Washington, DC, and Houston.
The Arnolds take a data-driven approach to their philanthropy. They focus on measurable results and specialize in research projects in areas such as healthcare, education and criminal justice. Their goal is to utilize the wealth in real time rather than preserving it for future generations. This philosophy is also reflected in the fact that they do not want to leave a foundation that will continue after their death.
The importance of their work is underscored by the fact that many of the original signatories of the Giving Pledge have failed to keep their promises. Of the 57 original U.S. signatories, 32 are still billionaires, and their wealth has nearly tripled since signing. This shows how quickly wealth accumulates in the US and underscores the importance of initiatives like the Giving Pledge.
John Arnold recently defended the importance of the Giving Pledge, emphasizing that great wealth can produce enormous benefits when used productively. He sees it as just as important to figure out how to use your wealth wisely as to increase it. This attitude makes the Arnolds pioneers in philanthropy and a role model for other billionaires.
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