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It's well known that billionaires such as Bill Gates donate a lot of their money to charities, but there is a new crop of ultra-rich who are giving a good part of their cash to philanthropic causes.
Let's take a look at some of these generous billionaires.
Source: Business Insider
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Indu Jain
Net worth: $2.2 billion
Annual income given to charity: 0.13 per cent
Source of wealth: Chairperson, Bennett, Coleman and Co Ltd
Global rank: 20
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Kallam Anji Reddy
Net worth: $1 billion
Annual income given to charity: 4.17 per cent
Source of wealth: Founder and Chairman of Dr Reddy's Labs.
Global rank: 14
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Huang Wenzai
Country: China
Net worth: $1 billion
Annual income given to charity: 92.13 per cent
Source of wealth: CEO, Star River Property Holding Ltd
Global rank: 1
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Hans-Werner Hector
Country: Germany
Net worth: $1.8 billion
Annual income given to charity: 54.53 per cent
Source of wealth: Former IBM software engineer and co-founder of SAP
Global rank: 2
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Terrence M Pegula
Country: The United States
Net worth: $3.3 billion
Annual income given to charity: 46.76 per cent
Source of wealth: Founder, East Resources Company
Global rank: 3
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Gennady Borisovich Bogolyubov
Country: Ukraine
Net worth: $2.6 billion
Annual income given to charity: 25.52 per cent
Source of wealth: Controls Australia's biggest manganese mine
Global rank: 4
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Wang Jianlin
Country: China
Net worth: $10.7 billion
Annual income given to charity: 15.68 per cent
Source of wealth: Chairman, Dalian Wanda Group
Global rank: 5
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Blase Thomas Golisano
Country: The United States
Net worth: $1.39 billion
Annual income given to charity: 15.54 per cent
Source of wealth: Founder, Paychex
Global rank: 6
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Peter Lim Eng Hock
Country: Singapore
Net worth: $1.8 billion
Annual income given to charity: 13.23 per cent
Source of wealth: Stake in palm oil giant Wilmar
Global rank: 7
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N Murray Edwards
Country: Canada
Net worth: $1.4 billion
Annual income given to charity: 13.23 per cent
Source of wealth: Owner, Canadian Natural Resources
Global rank: 8
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Dongsheng Chen
Country: China
Net worth: $2.2 billion
Annual income given to charity: 12.25 per cent
Source of wealth: Founder, Chairman and CEO, Taikang Life Insurance Corp Ltd
Global rank: 9
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Hui Ka Yan
Country: China
Net worth: $5.6 billion
Annual income given to charity: 10.55 per cent
Source of wealth: Founder, Evergrande Real Estate Group Ltd
Global rank: 10
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Adolph Alfred Taubman
Country: The United States
Net worth: $2.5 billion
Annual income given to charity: 9.26 per cent
Source of wealth: Founder, Taubman Centers
Global rank: 11
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Bruce Stanley Kovner
Country: The United States
Net worth: $3.5 billion
Annual income given to charity: 8.82 per cent
Source of wealth: Founder, Chairman, Caxton Associates
Global rank: 12
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Aloysio de Andrade Faria
Country: Brazil
Net worth: $4 billion
Annual income given to charity: 5.09 per cent
Source of wealth: Owner, Agropalma
Global rank: 13
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Tsai Wan Tsai
Country: Taiwan
Net worth: $4.7 billion
Annual income given to charity: 1.94 per cent
Source of wealth: Founder, Fubon Financial Group
Global rank: 15
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Hans Anders Rausing
Country: Sweden
Net worth: $10 billion
Annual income given to charity: 1.18 per cent
Source of wealth: Former chairman and CEO, Tetra Pak
Global rank: 16
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He Xiangjian
Country: China
Net worth: $5.9 billion
Annual income given to charity: 0.60 per cent
Source of wealth: Co-founder, Midea
Global rank: 17
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Solomon Lew
Country: Australia
Net worth: $1.2 billion
Annual income given to charity: 0.32 per cent
Source of wealth: Chairman, Premier Investments
Global rank: 18
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Philip Niarchos
Country: Greece
Net worth: $2.6 billion
Annual income given to charity: 0.30 per cent
Source of wealth: Son of Greek shipping magnate Stavros Niarchos
Global rank: 19