How to Ask a Billionaire or Millionaire for Money - ToughNickel - Money
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How to Ask a Billionaire or Millionaire for Money

Brian lives with his wife, Valerie, in the beautiful coastal town of Troon. He writes to educate, entertain, inform and amuse.

Explore some advice for seeking donations or capital from millionaires, billionaires and other wealthy individuals.

Explore some advice for seeking donations or capital from millionaires, billionaires and other wealthy individuals.

How to Write an Impressive Letter Asking a Rich Person for Money

Many billionaires, millionaires and philanthropists give away money to deserving causes and individuals each day. They have their own causes and charities that are close to their hearts, but sometimes they will also choose to help others who have genuine need, a great business idea or the kind of enthusiasm that got them started on the path to riches.

Never Beg

They do not, and never will, entertain a begging letter or e-mail. They got their money through hard work and will expect anyone requesting money to show that they are willing to make that extra effort to benefit communities or other individuals—and not just line their own pockets.

Where to Find Billionaires and Millionaires

The most obvious place is the Forbes list of the world’s richest people. Another place to look is The Economist. Don’t forget to seek out the contact details of millionaire celebrities as some of them also like to help out good causes and individuals with donations.

How to Collect Contact Information

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 service representatives. (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.)

You will have to address any correspondence for the attention of (FAO or ATTN) the person's name and then care of (c/o) the address of the company (or, in some cases, the individual).

For example:

FAO Jane Doe
c/o Jane Doe's Company

Think about how much you need to complete your project or venture. Consider asking numerous donors for a small amount of money instead of asking one donor for one large sum.

Think about how much you need to complete your project or venture. Consider asking numerous donors for a small amount of money instead of asking one donor for one large sum.

How Much to Ask For

How much do you need to do what you want to do or achieve your goal? Remember to 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 agreed to give you money. You could even end up in jail.

Requesting Small Sums From Many Donors

You could also send requests to many different people, asking each one 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 about the total figure you are trying to raise. You may be lucky: If one person sees the benefit of your idea, they 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 also need to keep the reader's 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 a huff; take it on the chin and start again.

Tips for Writing the Letter

  • 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 they emphasis your request.
  • Always be professional, open, sincere, honest and polite.
  • Thank them for their time spent reading your letter or e-mail, and say something along these lines: "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 like a story, mentioning your accomplishments and successes or failures and losses. Depending on what you need money for, you can even make it profound and touching.
  • 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, explain what you will do with any monies received and describe how that person can contact you.
  • Finally, e-mails can be intercepted, so think carefully about the information you do provide in any correspondence.

Since the person reading your request is unlikely to be the person with the money, your aim is to connect with that person so that they will feel the need to show your letter to someone else higher up the chain of command—or even the billionaire or millionaire themselves.

Craft Your Request Carefully to Make a Good Impression

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 “the 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 has the money. Or, they should at least think it's interesting enough to pass it to that person’s personal assistant.

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 great, and don’t be too disappointed by the lack of positive replies or even acknowledgements. It only takes one person to see the potential.

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.

Comments

Jeffrey Egairo on August 25, 2020:

I like this website

Zemene Yohannes on July 22, 2020:

Thanks a lot for your constructive ideas, even not to waist our time and confidence by writing unacceptable nonsense letter.

Lawrence N Talley on July 17, 2020:

May Gob Bless these people who are financially helping those like me who are going through hardtime! I just make due! I just wish we see each other as one world Earth! And clean and help all for peace!

Mandy on June 24, 2020:

This article was indeed very helpful and much needed on my side ,thank you .

dodge clapper on June 10, 2020:

your arrogant attention banner is likely the response you expected when using your guidelines.

Mervyn Nicholas on May 12, 2020:

That is great news. Very usuful details I have been collected through this article. Thanks indeed

Brian OldWolf (author) from Troon on May 06, 2020:

You are welcome Nancy

Nancy on May 05, 2020:

Iam so grateful that now I know am knowledgeable enough that you have given me a roadmap to realizing my goals

I see am almost there

Thanks

Dee Timmons on April 05, 2020:

I am curious... has anyone actually tried writing a letter to a billionaire or millionaire? What were the results of your request? Why did you need the money? I am genuinely curious if something like this actually works for the lower end of the middle class folks...?

Zinabie on March 17, 2020:

Many thanks for your well summarized article. I found it when I searched to get information during my though time to run community support project.

Clodia on February 14, 2020:

Thanks for your advice it is really helpful. May God Richly Bless you

Brian OldWolf (author) from Troon on January 07, 2020:

Thanks MegNoBeg. May you find what you are looking for without anymore fatalities!!!

MegNoBeg on January 07, 2020:

Great article. Googled how to get money from philanthropists while trying to figure out how to rob Peter to pay Paul when I realized I killed Peter and begun to sob. If nothing else YOUR comments here got me to laugh. Not bored anymore, lol. Life goes on!

Angeline on December 28, 2019:

Thanks for comments

Ongom Rufino on December 14, 2019:

god work done

Jennifer S. on November 30, 2019:

Wow thank you for this information!

Veronica White on November 17, 2019:

I didn't know such things existed. Glad to have read this article. Thank you for posting it.

Marcin on November 05, 2019:

Any advice Ana?

Brian OldWolf (author) from Troon on November 04, 2019:

You are welcome Anna

Anna Saal on November 03, 2019:

Thanks for your advice very helpfull know i know more or less what to do God bless

Lisa on October 20, 2019:

I thank you for this article. God bless you.

Solomon Emi Achim on October 10, 2019:

Thank you for the outlining this. Im in the christian ministry and would also be requesting for financial assistance.

Jeremy on July 12, 2019:

Thank you so much for your advice. I have many ideas that I would like to see come to fruition that I may help give back to the community.

Zuzeka Martha Zama on June 29, 2019:

Thank you Brian for enlightening us. I almost fell in that trap of begging. Mine is a community skills development project for youth in the rural areas of South Africa. Life is tough here, our youth resort to alcohol and drug abuse because of unemployment. I trust that this will help us a great deal.

Brian OldWolf (author) from Troon on June 13, 2019:

Looking forward to your success

Michelle on June 13, 2019:

Thanks for giving me the beginning road map to start my quest to success! Brian, I'll let you know when I succeed!

Brian OldWolf (author) from Troon on June 11, 2019:

You are most welcome Lisa.

Lisa on June 09, 2019:

Thank you for this article.

Brian OldWolf (author) from Troon on March 12, 2019:

STOP WITH THE BEGGING... IDIOTS... YAWN... BORED NOW... OH LOOK THE DELETE BUTTON... GET IT !!!

Habin hakhun on March 05, 2019:

Thank you

Brian McGinnis on January 09, 2019:

Having read through these diatribes I have to say that I agree with the other Brian that Deana08753 is the most articulate here!

I am in dire need myself of money myself but just to get back home to NYC for good. I am better off than some, worse off than others. I just need to get out of this hell that is Portland Oregon. Not going to beg and certainly will not make stuff up. Don't want to waste anyone's time with nonsensical balderdash (good old English word, that)

My situation can only be blamed on me and if someone wants to help, Fantastic!. Otherwise, well I keep plugging on.

To those would invent tragedy for some dosh. Shame On You!

Brian OldWolf (author) from Troon on December 03, 2018:

Going to do a new wee update every now and again for the genuine and honest readers only.

14 begging "comments" found this week and deleted.

You should really look at the whole article before you decide to beg on the comments section of this article.

I will find you and delete you. I don't know how long it takes YOU (yes you) to write all this guff but it takes me less than one second to click on "delete forever".

Bored and Yawning now........................

Terry P. on September 20, 2018:

Why are some people born with silver spoons in their mouths and people like me born with plastic spoons. I sometimes wishes I wasn't

born. But that is my depression coming out. I choose to see what happens tomorrow it has to be better than today.

Rajathsavir on August 06, 2018:

Article is awesome , Your comments are good for reading not for ,people who being honest and ask for a help , also in financly ....

Brian OldWolf (author) from Troon on June 30, 2018:

Going to do a new wee update every week for the genuine and honest readers only.

23 begging "comments" found this week and deleted.

You should really look at the whole article before you decide to beg on the comments section of this article.

I will find you and delete you. I don't know how long it takes YOU (yes you) to write all this guff but it takes me less than one second to click on "delete forever".

You're boring me now.........................

Brian OldWolf (author) from Troon on June 02, 2018:

Cheers

Dinesh on May 31, 2018:

Very nice and impressive...

Brian OldWolf (author) from Troon on May 24, 2018:

You are welcome Panok.

Panok Uram on May 23, 2018:

Thankyou for the information.

Brian OldWolf (author) from Troon on May 20, 2018:

## HERE WE GO AGAIN ## LISTEN ONE AND LISTEN ALL. I AM NOT A MILLIONAIRE AND NEVER WILL BE. NOR ARE THE MAJORITY OF PEOPLE WHO READ THIS ARTICLE WHO ARE GOOD, MORAL, HONEST AND DECENT. THE REST OF YOU PACK IN THE REQUESTS FOR MONEY. IT AIN'T HAPPENING AND THEY WILL BE DELETED WHEN I FIND THEM. YAWN YAWN YAWN HOW MANY TIMES DO I HAVE TO REPEAT THIS.

Brian OldWolf (author) from Troon on March 29, 2018:

Cheers... I'm glad I made your day Sabine. Now if others could just be as intelligent and articulate as you.

Sabine Kramer on March 28, 2018:

Alan Burrell, your comment is great!

And hilarious of course are the other pathetic comments in which people ask for money in spite of being warned not to do so...

This made my day!

Thank you!

Charles on March 13, 2018:

My advice is fundme with a video asking for help. Ask for help for someone else who has suffered a tradegy and doesn’t know how to ask for themselves. The real key is actually helping them and updating with progress. I suffer tradegies myself, but I keep helping others, somehow, someway my life is okay. Believe me I want things to be better. Finally never lose hope.

Russell on March 05, 2018:

Wow Great article as much as I would love to ask for money I do not, but one thing for sure I help a lot of people in need some day some one will do the same for me i hope But It never happened they say doing good will reward you in the future but I have not seen it. I feel great helping people I know it not much but I know in my heart I can make is world a better place. I hope you all enjoy life it can be short live your life like it's your last day.

Brian OldWolf (author) from Troon on February 15, 2018:

You are very welcome Andrew. Thanks

Andrew.T.N. on February 14, 2018:

Thanks for the article Brian!

Brian OldWolf (author) from Troon on January 23, 2018:

LISTEN ONE AND LISTEN ALL. I AM NOT A MILLIONAIRE AND NEVER WILL BE. NOR ARE THE MAJORITY OF PEOPLE WHO READ THIS ARTICLE WHO ARE GOOD, MORAL, HONEST AND DECENT. THE REST OF YOU PACK IN THE REQUESTS FOR MONEY. IT AIN'T HAPPENING AND THEY WILL BE DELETED WHEN I FIND THEM. YAWN YAWN YAWN HOW MANY TIMES DO I HAVE TO REPEAT THIS.

Brian OldWolf (author) from Troon on January 14, 2018:

At last a sensible literate person. Thank you for your direct comments Deana08753.

Brian

Deana08753 on January 13, 2018:

By the time I got halfway through the comments I was hysterical laughing. Not only because the author specifically said “do not ask for money in the comments” but because the grammar is so horrendous and the inability to follow directions was so blatant. Some people were asking for money to start businesses to employ THOUSANDS of people. If you can’t follow directions, and don’t know how to use spell/grammar check...expecting to have a business funded is probably not going to happen. I feel for everyone who is in a tough spot. It can happen to anyone at any time....but the first step in asking for help is the most important. Listen. Listening to what people have to say can sometimes give you the answers to all your problems.

For those who told the sob stories and asked for money and cars in the comments section...please read the article again and then go to the comments section and say “Thank you”. Then write your letters and ask everyone you know to proof read it for you because you only get one shot to impress a philanthropist with your request. Once you’ve sent the “begging and poorly written letter” you’ll never get another letter in front of that person. Be smart. Use common sense. Be honest. Most of all...spell check people!!

Brian OldWolf (author) from Troon on December 21, 2017:

Sounds like a good idea. Just follow the guidelines in the article.

Angelica on December 20, 2017:

Hi thanks for the article it's very helpful. I just have a question, would you recommend sending letters to random people who live in wealthy or rich communities?

Natasha on December 10, 2017:

thank you for the advice, i am about to send out an email requesting help from a local celeb and this article helped a lot

Macdonald chua on November 14, 2017:

Im trying to found somebody to need help my financial problem money until now no one respon im very upset about it everyting is lie talkwebsite

I am Paglau Gewi from the foot of Mt William Papua New Guinea on November 09, 2017:

It is always good to ask if we are in a situation whereby assistance is required don't pretend.

You ask you shell receive you knock the door shell be open unto you you seek you shell find and for those who are in a position to give then do it so whole heartedly with love you will be blessed .

Alan Burrell on October 03, 2017:

Hello my Beautiful people, what part of "Don't ask for money in the Comments Section" don't you understand? All of your/our Karma and Blessings Flow from you/I simply following instructions. Don't mean to come off like a "suck up" but why should I send you my money if you don't follow my instructions and guidelines to get my money? Just a thought from someone who want the best for you as well as myself. Love, Peace Blessings and much success. Alan

Brian OldWolf (author) from Troon on September 07, 2017:

Thanks 6idget. If only many others were as attentive as you I wouldn't need to spend my time deleting "begging" comments.

6idget on September 06, 2017:

C'mon folks... he clearly states NOT to use the comment section to ask for money,... Your words are waisted

Shashwat tripathi on July 30, 2017:

Thanku so much for the advice, now I've got an idea of how to ask these rich people to help me complete my education !!

Johnny Gomez on May 10, 2017:

Thank you so much for sharing with me how to go about it, it did open my mind up. Thank you once again.

Sadique on April 23, 2017:

Am so much glad and happy to come across this article. It's a great help already from you to me.

Thank you.

Kedir Rufael on March 30, 2017:

I'm very excited. just you made me aware of how to write a letter. Thanks

may God bless you. Amen.

Ralph on March 27, 2017:

My name is Ralph from Nigeria. Thanks for this article, it was helpful. Wish there are couple of samples here, but I think a simple web search will help with that.

Thanks again.

Sarah on February 15, 2017:

I'm really curious what the success rate is. How many people have followed your guidelines (or any number of other articles pertaining to the same theme and goal) and succeeded in acquiring monetary gain? If there's any success stories I'd love to hear about them.

Brian OldWolf (author) from Troon on January 02, 2017:

Cheers for that Mark.

Mark Taylor BML on January 01, 2017:

Brian, Great article. There are a couple of websites I found that you can get their addresses from. You just have to do a search on the internet. Thanks again for a great article. Mark

Brian OldWolf (author) from Troon on November 28, 2016:

That's another 5 requests for money deleted. If you are serious about reading this article read it through to the last two lines !!!!!

Brian OldWolf (author) from Troon on November 20, 2016:

Thanks

ode on November 20, 2016:

nice one

Brian OldWolf (author) from Troon on November 16, 2016:

Glad to help Melissa.

Melissa Morrison on November 15, 2016:

Your article helped me to define and think about the difference between what I want and really what I need. I hope that you have a nice day, and thanks for the advice and tools that will help my son and I to get up, stand up and succeed.

Brian OldWolf (author) from Troon on November 15, 2016:

You're very welcome.

atu on November 14, 2016:

thanks so much..a big help

Jose Vazq on November 13, 2016:

Wow very well said.will take alot of it into cosideration i have helped alot of people and still do but it is hard,now with no money. So now i try with work.

Shu on November 04, 2016:

Very nice article. I loved it.

Brian OldWolf (author) from Troon on November 02, 2016:

Thanks Kap.

Kap on November 01, 2016:

great post mehn

Brian OldWolf (author) from Troon on October 31, 2016:

Glad you found it useful Osea.

osea golea on October 30, 2016:

Thank you for a wonderful advice.

Brian OldWolf (author) from Troon on September 21, 2016:

You're welcome Michael.

Michael Shayne Hall Senior on September 21, 2016:

Thanks for the information about the this subject.

Brian OldWolf (author) from Troon on September 06, 2016:

Your kind words are appreciated Michelle

Michelle on September 06, 2016:

Thanks for the great article!

Brian on August 21, 2016:

I can not help but put myself in the billionaires shoes and think... "these people are out of their minds!" Especially the ones that clearly did not read the entire article to the point where it says "do not leave request for money in the comment section, it's annoying".... you are right.... It really annoyed me.

Brian OldWolf (author) from Troon on June 22, 2016:

Hope you are successful Lisa.

Lisa Smith on June 21, 2016:

Thanks for the advise I'm trying to raise money for my daughter Krystle Lewis whom recently been accepted into St James Medical School in Anguilla

Brian OldWolf (author) from Troon on May 25, 2016:

Glad to be of some help Karyn.

Karyn on May 24, 2016:

Excellent advise, I'm trying to write a letter regarding a small Australian country town that needs some help. You have given me hope. Thank you! X

Brian OldWolf (author) from Troon on September 10, 2015:

Just a necessary reminder that any comments requesting money will be deleted. So please stop wasting yours and my time.

Brian OldWolf (author) from Troon on March 27, 2015:

Nice

Brian OldWolf (author) from Troon on March 21, 2015:

Thank You Conciousleader for your kind comments. Brian

Conciousleader on March 21, 2015:

There's money out there for everyone, we just have to get up and out and work for it. In appreciation I wanted to thank you for this insight on seeing a good written up blog, about the correct way and not making this out to be a lucrative, or cheating way to starting a business for some of the younger ambitious mindsets out hear. When it comes down to it we all need to start with something. Great article Brian!