Who are Nancy and Rich Kinder? US Couple donating 95% of their wealth, estimated over $10 billion
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Nancy and Rich Kinder Photograph: (Credit: kinderfoundation.org)
The billionaire US couple wants to leave the 'world a better place' and improve the overall 'wellbeing of the city that made them who they are.' Both, Rich and Nancy Kinder have also contributed to various welfare campaign in the past as well.
US billionaires have decided to donate 95% of their wealth which accounts to over $10 billion. Nancy and Rich Kinder are residents of Houston have pledged to give the money in charity with focus on building infrastructure which include on city parks, the arts, education and other local causes. The Kinder Foundation announced an $18.5 million in a project for Emancipation Park. In an interview with news outlet ABC13, Rich said, “We've been very fortunate. You know, whatever wealth you accumulate is the result of a lot of other people helping you along the way. And we just felt early on that the right thing to do was to try to give most or all of that away.”
Who are Rich and Nancy Kinder?
The couple is largest stockholder of Kinder Morgan - one of the largest energy infrastructure companies not only in the United States but whole of North America. Kinder Morgan is also the largest terminal operator in North America and Rich Kinder currently draws a salary of only $1 per year from the company.
Nancy also serves as the President and CEO of the Kinder Foundation, she also serves as the "Chairperson of the Downtown Park Corp. and President of the Advisory Board of Rice University’s Kinder Institute for Urban Research," notes the Kinder Foundation website.
What's their motivation behind donating the wealth?
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The couple wants to leave the 'world a better place' and improve the overall 'wellbeing of the city that made them who they are.' Both, Rich and Nancy Kinder have also contributed to various welfare campaign in the past as well including Rice University, the Museum of Fine Arts Houston, and Texas Children’s Hospital as well as Bill Gates, Melinda French Gates, and Warren Buffett's campaign The Giving Pledge which they trio had started back in 2010.
