Billionaire Couple Falls Off “Forbes” List of Richest People After Giving Away Nearly Half of Their Fortune to Date

Elizabeth Conley/Houston Chronicle via Getty From left: Philanthropists Laura and John Arnold on October 9, 2018 in Houston.

Elizabeth Conley/Houston Chronicle via Getty Images

From left: Philanthropists Laura Arnold and John Arnold on October 9, 2018 in Houston.

  • Laura and John Arnold fell from a height ForbesThis year’s 400 highest earners make the list, having donated $2 billion so far

  • According to reports, the couple is currently listed as one of the 25 most generous donors in the country. Forbes

  • Laura and John have a long history of philanthropy and ensure they donate their money to worthy causes

A billionaire couple left behind ForbesThe 400 richest people in America have made this list after giving away nearly half of their personal wealth through philanthropy.

In 2023, John is ranked 345th on the leaderboard Forbes 400. Two years later, in 2025, the 51-year-old philanthropist ranked No. 1,265 on the national list of billionaires, putting him well outside the top 400 richest people.

According to the media report, the Arnold family has been committed to donating huge wealth for more than a decade, giving away US$2 billion so far and being listed as one of the 25 most generous donors in the United States. This change has been long-standing. Their wealth is currently estimated at approximately $2.9 billion.

Currently, the Arnold family has given away approximately 42% of their personal wealth, and they show no signs of slowing down their philanthropy.

John previously worked for Enron, which went bankrupt in 2001, earning the company $750 million. Forbes.

The next year, he founded his own hedge fund, Centaurus Advisors, but 10 years later, he announced he would no longer manage other people’s money, according to Bloomberg. Forbes.

Elizabeth Conley/Houston Chronicle via Getty Philanthropists Laura and John Arnold Dropped from Forbes 400 List by 2025

Elizabeth Conley/Houston Chronicle via Getty Images

Philanthropists Laura and John Arnold drop off 2025 Forbes 400 list

Laura, meanwhile, previously worked as a mergers and acquisitions attorney at the law firm Wachtell, Lipton, Rosen & Katz in New York City, according to a press release shared by Rice University after her election as trustee in April 2010.

She also served as executive vice president and general counsel for Cobalt International Energy in Houston until her departure in 2006.

In 2008, John and Laura established the Laura and John Arnold Foundation, which later evolved into Arnold Ventures. The organization’s current focus is on reforming criminal justice, higher education, health, infrastructure and public finances, according to its website.

“They believe philanthropy should be transformative and should use innovation to solve ongoing problems in society,” a message on the organization’s website reads.

Rick Kern/Getty John Arnold, co-founder and co-chairman of Arnold Ventures, speaks at the Texas Tribune Festival at the Omni Hotel in Austin, Texas, on September 6, 2024.

Rick Cohen/Getty

John Arnold, co-founder and co-chairman of Arnold Ventures, speaks on stage during the Texas Tribune Festival at the Omni Hotel on September 6, 2024 in Austin, Texas.

In 2010, John and Laura signed the Giving Pledge, launched that same year by Bill and Melinda France Gates.

In a letter announcing their pledge to donate the majority of their wealth to philanthropy, the couple wrote that they both “believe that our wealth…is not an end in itself, but a vehicle for positivity and change.”

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In July 2019, John and Laura joined the Reform Alliance’s board of directors, Business Insider reported. The nonprofit, founded by rappers Meek Mill and Jay-Z, “aims to transform probation and parole by changing laws, institutions and culture to create real paths to work and well-being,” according to its website.

At the time, Laura told the outlet that philanthropy “has always been a core value of her family” and focused on giving back to “very difficult, tough issues that affect so many people.”

“It is important for us to leave a better country than when we were born,” Laura added. “We were financially successful early on, so we’re very privileged to be able to make this mission our full-time job.”

Annie Mulligan/Houston Chronicle via Getty In March 2017, Laura Arnold attended the Houston Chronicle's 35th Annual Best Dressed Luncheon and Neiman Marcus Fashion Show.

Anne Mulligan/Houston Chronicle via Getty Images

Laura Arnold attends the Houston Chronicle’s 35th Annual Best Dressed Luncheon and Neiman Marcus Fashion Show in downtown Houston in March 2017.

talk with texas monthly In December 2018, John said he and Laura were “willing to take risks” on philanthropy in the hope of making a “huge impact,” and as his wife noted elsewhere in the article, “every dollar that comes out is a strategic investment.”

“We know that government is inherently risk-averse, so we are working to create an infrastructure and set of ideas that can redirect funds to more effective and efficient uses,” Laura explained. “The things we’ve done, the things we’ve prepared, are really game-changers.”

Reps for Laura and John declined to comment when contacted by PEOPLE.

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