'Hope Chicago' Tackling Wealth Gap in U.S. Thanks to Founder Pete Kad

Play video content GREEN GIVEBACK

He's made his millions, but now, businessman Pete Kadens is taking on the U.S. wealth gap by storm through his nonprofit ... saying he's not paying it forward -- but backward.

Kadens joined "TMZ Live," to talk about his nonprofit Hope Chicago -- which is on its way to being the largest scholarship program in the U.S.

Pete tells us he started the org to send 4,000 high school grads in low-income communities to college -- debt-free. Now, that goal is to send 30,000 students to college with scholarships over the next decade.

Waiting for your permission to load the Instagram Media.

ncG1vNJzZmivp6x7tbnZZ5qopV9nfXN%2BjmlsaGpnZK%2B2v8innKyrnZa7brzErZxmo5GZsq%2B%2FjKGmqZ1dmLWqr8CgpmavlZa5tbSMnKalpJWcsm6%2FwqGmpZmiqLWqvI4%3D