Larry Ellison

Ellison's 2010 public letter described an intention to give at least 95 per cent of his wealth to charitable causes. He said he had placed virtually all his assets in a trust and had already funded medical research and education. The distinction is in the wording: putting assets in a trust with an intended charitable destination is not, by itself, evidence that 95 per cent had already reached charities. His letter made a previously private intention public.