Here's How a Media Mogul Gives Away His Money

Maybe you haven't heard of Robert Pittman, but the Mississippi-born media mogul has been involved with some of the most well-known media companies of the last quarter century. He's the co-founder and programmer who led the team that created MTV, and once served as CEO of MTV. He's also held CEO positions at AOL Networks, Six Flags Theme Parks, Quantum Media, Century 21 Real Estate and Time Warner Enterprises. These days, Pittman chairs and serves as CEO of iHeartMedia.

Pittman is no billionaire, and it's unclear exactly how much he's worth. But he has enough extra cash on hand to...