Azim Premji is the fourth generous person in the world

Wipro chairman Azim Premji was ranked 4th among the world's 20 most generous people according to a study by wealth consultancy Wealth-X and Business Insider. 

Eighteen out of world's top 20 top philanthropists focused on educational initiatives in their giving, whether operating through their foundations or direct donations, says the study.

Among major initiatives, the study notes that Michael Bloomberg, founder and CEO of Bloomberg, has donated over $1 billion to his alma mater John Hopkins University alone.

According to the study, Microsoft co-founder Bill Gates was No. 1 on the list of top philanthropists, with $27 billion in lifetime donations as of October 2015.

1) Bill Gates (lifetime donations: $27 billion)

2) Warren Buffett, CEO of Berkshire Hathaway ($21.5 billion)

3) George Soros, founder of Soros Fund Management ($8 billion)

4) Azim Premji, chairman of Wipro ($8 billion)
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