The Complete Guide - How to Ask a Billionaire or Millionaire for Money
How to Write an Impressive Letter Asking a Billionaire or Millionaire for Money
Billionaires, Millionaires and Philanthropists give away money to deserving causes and individuals each day. They have their individual causes and charities that are close to their hearts but sometimes will also choose to help others who have genuine need, a great business idea, or just show the potential enthusiasm that they remember got them started on the path to riches.
They do not, and never will, entertain a begging letter or e-mail. They got their money by hard work and expect anyone requesting money to show that they are willing to make that extra effort to benefit communities or other individuals and not line their own pockets.
Where to Find Billionaires and Millionaires
The obvious place is the Forbes lists of the world’s richest people. Some other places to look are the Economist or NetState.
Once you have identified as many people as possible write down their FULL NAMES, the company they work for and their contact details. It is unlikely you will find a direct contact address for any rich person instead it will be through their public relations or customer services so you will have to address any correspondence FAO “the name of the person” and then “care/of” the address of the company or in some cases the individual.
Don’t forget to seek out contact details of millionaire celebrities as some of them also like to help out good causes and individuals with donations.
If for any reason you already have a direct contact address for a billionaire or millionaire it is rather unlikely you need the advice in this article.
How Much to Ask For?
How much do you need to do what you want to do or achieve you goal? Remember and be honest at all times. To pretend to need money for something, like an operation or a car to get your disabled mother around town, is deceit and fraud and may be dealt with as such if it got to the stage where an individual did agree to give you money. You may even end up in jail.
You could also send a lot of requests asking each individual to donate or give you a small sum such as $100 or £100. If you choose this route then mention it in your correspondence with details of the total figure you are trying to raise. You may be lucky and one person sees the benefit of your idea and may offer to fund you the whole amount you need.
How to Word Your Request
Think carefully about what you would like to say and what someone reading your request would think of you. You need to get across the importance of your request in a few short paragraphs. You need to keep the readers interest so when you have completed your final draft have some of your friends or family read it and provide constructive feedback. If they say it is rubbish, don’t go in the huff, take it on the chin and start again.
I am repeating my earlier warning. Do not lie in your request. Be honest and straight to the point. Do not go on and on in the initial contact request. Mention that if someone is interested they can contact you for further details. If possible make the request light-hearted or funny. Add some photographs or attach documents, especially if it emphasises your request. Always be professional, open, sincere, honest and polite. Thank them for their time in reading your letter or e-mail and say something along these lines that “even if you cannot help me this time I appreciate and understand that you must get many such requests”.
Make your request in the first person and word it story-like mentioning your accomplishments and successes or failures and losses. Depending on what you need money for you can even make it profound and touching.
Since the person reading your request is unlikely to be the person with the money your aim is to connect with that person in a way that they will feel the need to show it to someone else higher up the chain of command or even the billionaire or millionaire themselves. On this subject please avoid statements such as “please send me some money” and “I need money really urgently” and “you are my last hope for money”.
In concise terms you want to explain your situation, state why you need money, what you will do with any monies received, and how that person can contact you.
Finally, e-mails can be intercepted so think carefully about the information you do provide in any correspondence.
Some Last Thoughts
Definitely avoid sending outright begging letters. No one will read past any statement such as I need money for; “my children’s medicine”, “a nice new car”, “a wedding/funeral” or “a holiday of a lifetime”.
All companies and individuals known to be wealthy get hundreds of requests for money each week so you have to stand out. Your request has to be read by someone who sees the potential and thinks that it will strike a chord with the person who ultimately will hand over the money. Or at least is interesting enough to pass it to that person’s PA.
Ultimately the billionaire or millionaire who has the money must be impressed and interested enough to say to their staff “this is great, get me more details”. So make it so and don’t be too disappointed at the lack of positive replies or even acknowledgements… It only takes one person to see the potential.
Oh and finally; don’t use the comments section to ask for money. I have seen this too often on other sites and articles. Absolutely pointless, as well as rather annoying.
@ 2015 Brian McKechnie (aka WorldEarth)
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.