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 billionaires

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The Sackler family is best known for the buildings adorned with their names thanks to their acts of philanthropy, which is either motivated by a public spirit, or by the desperate need for some reputation washing as the public becomes increasingly aware that the family fortune was built on the perfection of ...
As far as multi-billionaires go, Steve Schwarzman is not the most philanthropic. In 2006, his charitable foundation had less than $1,000 earmarked for charitable causes. Since then, he's loosened the purse strings a bit, giving $100 million to the New York Public Library, another $100 million to start a ...

The billionaire who allegedly swindled $1.8 billion from an Indian bank ... Diamond trade wasn't 47-year-old billionaire Nirav Modi's primary career choice. He wanted to become a music ... Until the fraud allegations sprang up, things were looking up for Modi, one of India's 10 youngest billionaires.
"I never considered for one second having anything to do with [bitcoin]. I detested it the minute it had been raised. The more popular it got, the more I hated it. . . . Bitcoin is noxious poison." Charlie Munger. The 94-year-old Munger, who is vice chairman of Warren Buffet's Berkshire Hathaway Inc. BRK.
If you're interested in the end of the world, you would have been interested, soon after Donald Trump's election as US president, to read a New York Times headline stating that Peter Thiel, the billionaire venture capitalist who co-founded PayPal and was an early investor in facebook, considered New ...
In their 2018 Annual Letter, Seattle-area billionaires Bill and Melinda Gates address some frequently asked questions about influence, inequality, the perils of aid, and, of course, the twitter troll currently sullying the White House. It's an interesting read: While the couple's optimism may seem slightly ...

A South Korean court has sent another of the country's most powerful bosses to jail. Shin Dong-bin, the billionaire chairman of conglomerate Lotte Group, was sentenced to two and a half years in prison after he was found guilty of bribery Tuesday. The trial of Shin, 62, followed a huge influence-peddling ...
billionaire political activist and ex-hedge fund manager Tom Steyer on Monday blasted President Donald Trump's vision for overhauling the nation's aging infrastructure. Steyer, the Democratic megadonor behind the "Need to Impeach" Trump effort, said the $200 billion in federal infrastructure spending ...
Recently an image purportedly showing a new sign installed on the side of a road in Thailand appeared to warn residents about roaming billionaires ... The "Beware of billionaire" sign went viral in February 2018 shortly after construction tycoon Premchai Karnasuta was arrested in Thailand for hunting in a ...
He's an associate journalism professor at Northeastern University and author of "The Return of the Moguls: How Jeff Bezos and John Henry Are Remaking Newspapers for the 21st Century." We asked Dan about the recent purchase of the Los Angeles Times and the track record of billionaires in publishing.
Herman Gref, head of state savings bank Sberbank, opened a school called Horoshkola with his wife Yana in Moscow in September, joining billionaire Suleyman Kerimov's Zarechenskaya Shkola and transport tycoon Nikita Mishin's Novaya Shkola. But none of the 135 private schools that have popped up ...
This is one of the findings of Bloomberg's latest Robin Hood Index for 2018, which measures how global billionaires could improve the lives of the poor if they gave all their money away. In the 2018 iteration of the index, the data and media firm questioned how far billionaire wealth could stretch if the world's ...
The stepped-up pace of corporate consolidation will inevitably cost jobs and hurt careers, but it may also provide an opening for one sector of Hollywood: the growing band of billionaire investors. The mega-rich newcomers stand ready to provide funding for innovative projects that may scare off risk-averse ...
Nor was Musk alone: Amazon billionaire Jeff Bezos beat him to landing a reusable rocket through his own company, Blue Origin, and Richard Branson and a slew of other entrepreneurs have followed with lighter-lift rockets. "The space age was born out of a race between governments, starting with the ...
The life of a crypto-billionaire is stressful. After unprecedented gains over the past year -- driving bitcoin, ether, and Ripple's XRP up 1,300%, 8,000%, and 32,000% -- cryptocurrencies have come back down to earth in recent weeks. As of Friday afternoon, bitcoin was down 28% since late January. On Monday, bitcoin hit ...
It was only a matter of time. Forbes magazine, which tracks and produces annual rankings of the world's wealthiest people, has come out with its first list of cryptocurrency billionaires. The list comprises a wide array of players within the cryptocurrency ecosystem. Developers and founders of trading ...
Fortunately for the Winklevii twins, Larsen, and the rest of the members of Forbes's cryptocurrency list, the erratic nature of the most popular virtual currencies probably means they'll all regain billionaire status soon, if they haven't already. Cameron Winklevoss is certainly looking on the bright side: "If you ...

While the list in Forbes magazine, which was assembled in recent weeks, identifies about 10 virtual currency billionaires, most of them were not billionaires by the time the feature went online on Wednesday morning. On Monday alone, the prices of many virtual currencies plummeted over 20 percent, ...
Houston billionaires Fayez and Susan Sarofim have donated $25 million to Memorial Hermann-Texas Medical Center, the largest gift in the hospital's history. The donation, in the planning stages for several years, was announced Tuesday by hospital officials and will go toward a massive upgrade of key ...
Patrick Soon-Shiong, a billionaire Los Angeles doctor and one of Tronc's major shareholders, is close to buying The Times, two people familiar with the negotiations said Tuesday, in a $500 million deal that would include the newspaper's sister publication, The San Diego Union-Tribune. A deal could be ...
billionaires, who added billions to their fortunes in recent months, saw a reversal of fortune Monday as the stock market swoon chopped billions off their net worths. We shouldn't shed a tear for the billionaires, of course -- the losses to pension funds and everyday investors are far more important.
With the goal of creating a utopia - named "Sol" - run solely on cryptocurrencies and blockchain technology, crypto millionaires (and billionaires) are buying up property left and right in the Caribbean island of Puerto Rico. Recently decimated by Hurricane Maria, many parts of Puerto Rico are still in need of ...
billionaire Jeff Bezos Once Wrote His Biggest Competitor a $500 Million Check. But that didn't chase Marc Lore away. Now, he's back running Wal-Mart's e-commerce operation, facing off against Bezos once again. Jamal Carnette, CFA. (TMFJcar). Feb 3, 2018 at 10:34AM. While Amazon.com's (Nasdaq:AMZN) ...
The killing of a wealthy Canadian couple made headlines around the world. Then the news they had been found hanging by men's belts next to their indoor pool, with no apparent motive, deepened the intrigue. So who were Barry and honey Sherman? In an unpublished 1996 memoir, Barry Sherman wrote he had "always ...
In the end, maybe it's inevitable that the solution to America's health-care crisis won't come from government, business, or academia, but from the charitable impulses of billionaires. Jeff Bezos, Warren Buffett, and Jamie Dimon announced yesterday (Jan. 30) they're throwing their wealth, power, and ...
... of actor-slash-investor-slash-DJ-slash-fit tea spokesperson. So we asked some people with the most money of all how they like to globe trot. From their tried-and-true hotel brands to their go-to beach destinations, here's some insight into what it's like to travel like a billionaire, according to four billionaires ...
billionaire Loeb is 'closely watching' these 4 key risks -- including inflation -- that can stop the market rally. Third Point's Dan Loeb shares his key concerns for the market in a note to clients Monday. "Although we do not fear a recession now, 'event risks' need to be considered," he writes. Tae Kim | @ ...
One of the key goals of the Bill and Melinda Gates Foundation - the charity set up to distribute the majority of the billionaire's wealth from his software giant Microsoft - is to help alleviate poverty in the developing world. Edinburgh scientists will also use software to develop vaccines to save the lives of cattle ...
Michael D'Antonio is the author of the book "Never Enough: Donald Trump and the Pursuit of Success" (St. Martin's Press). The opinions expressed in this commentary are his. (CNN) Donald Trump at Davos was like the boorish big boss at a company striding into the annual executive retreat a few days ...
TORONTO -- The mysterious double deaths of a billionaire generic drug magnate and his philanthropist wife grew stranger still on Friday. Six weeks after the bodies of Barry and honey Sherman were found hanging in the basement of their mansion, the Toronto police confirmed what the couple's friends ...
Mr. Cuomo does not frequently travel outside New York but he has occasionally used the private planes of donors. Last September, Mr. Cuomo led a delegation to the U.S. Virgin Islands following a hurricane there and used the jet of John Catsimatidis, a billionaire who has donated more than $130,000 to ...
The new acting head of the National Park Service, Paul Daniel Smith, once let the billionaire owner of the Washington Redskins football team chop ... will now oversee thousands of rangers like Danno, whose job it is to ensure protected resources are not chopped down by anyone -- including billionaires.
... and cinema. It has a second house in the grounds too, just in case one isn't enough to house all of your gold bullion, or whatever it is that billionaires have at home. ... The likelihood of a billionaire actually bothering to put their scruffs on to paint and decorate their own house is pretty slim. But for those ...
Jim Coulter, the billionaire co-founder of private investment powerhouse TPG, told CNBC on Thursday he's troubled by the lack of worry among the financial heavyweights at the World Economic Forum about the stock market and the economy. "My biggest concern is how little concern there is," said Coulter, ...
A partial rendering depicts the main entrance to billionaire hedge-fund manager Ken Griffin's billionaires Row house under construction at 1265 S. Ocean Blvd. in Palm Beach. At 476 feet in length, the house will stretch longer than a football field. Rendering courtesy Atelier Ugo Sap/Smith Architectural ...
... wealth tax on billionaires makes perfect sense. They don't need the money; the world's poorest do. What's more, as the Oxfam report details, the top 1% too often make their money by exploiting the very poor. Nothing about this is just, especially when a good 35% of billionaire wealth was simply inherited.
A billionaire's spending power is difficult to grasp, both because most people do not correctly intuit large numbers, and because a billion dollars far outstrips most people's ... To find out, let's scale down a billionaire's income to $50,000, the median American income, adjusting budget items proportionally.
Imagine if you could start a company as an equal partner with Bill Gates, using his immense business acumen to build an empire. Consider what would happen if Warren Buffett was your personal investment advisor, showing you how to make millions in the market. Or forget money, and envision how your ...
While some billionaires, including Warren Buffett and Bill Gates, have pledged to give most of their vast fortunes to charity instead of their kids, self-made billionaire and host of CNBC's "Billion Dollar Buyer" Tilman Fertitta doesn't anticipate doing the same. "I look at things totally differently," he tells CNBC ...
One of your biggest hindrances to achieving success is throwing in the towel too quickly, according to self-made billionaire Tilman Fertitta. Fertitta, who stars in CNBC's "Billion Dollar Buyer," has an estimated net worth of $3.7 billion and is CEO of restaurant and hospitality corporation Landry's. In this week's ...
Chinese billionaire Wang Jianlin once boasted about his sprawling global business empire. Now, the country's former richest man is offloading international properties and emphasizing his domestic investments. The striking U-turn is the result of pressure from the Chinese government and the need to pay ...
One of billionaire Ray Dalio's key success principles is having a "radical open-mindedness" to new ideas. Reading books is an easy, and enjoyable, way to expand your mind. At the World Economic Forum in Davos, Switzerland, this week, the Bridgewater Associates founder shared four books with CNBC ...
A billionaire's spending power is difficult to grasp, both because most people do not correctly intuit large numbers, and because a billion dollars far outstrips most people's ... To find out, let's scale down a billionaire's income to $50,000, the median American income, adjusting budget items proportionally.
As the public awaits the results of a Toronto police investigation into the deaths of Toronto billionaires Barry and honey Sherman, the Toronto Star is reporting on a private investigation that concluded the couple was likely murdered by contract killers. The Shermans, known for their philanthropy work, were ...
They have prodded him in public, declaring on television that they consider impeachment an impractical idea. And party strategists have pleaded with Democratic candidates for Congress not to join in. But that donor, Tom Steyer, a California billionaire, has only intensified his attacks in recent weeks.
Before Grant Cardone built his multi-million dollar fortune, he was stuck in a sales job he hated, earning $3,000 a month. He set the goal of upping his income, he tells CNBC Make It: "I was making $3,000 a month and I wanted to make $4,000. That $1,000 was the single most important goal I've ever ...
Seattle richest billionaires map Net worth figures are from Bloomberg's billionaire Index, as of December 20, 2017. Samantha Lee/BI Graphics. Perhaps the easy commute is part of the draw of Medina for Bezos and Gates. About 10 years before Bezos and Amazon descended upon Seattle, Gates brought Microsoft's ...
It's a boom time for billionaires. As for everyone else, not so much. More billionaires were minted in 2017 than in any other year in history, according to a new report from the charity Oxfam International, which will present its findings at the annual meeting of the World Economic Forum in Davos, Switzerland.
Names: John Collison and Patrick Collison. Ages: 27 and 29. Worth: $1.1 billion each (€900 million). Bio: The two siblings from Co Limerick became self-made billionaires after they founded online payments company Stripe, which is valued at $9.2 billion. The company employs more than 900 people ...
In 2017, there was a new billionaire every 2 days ... There are 2,043 dollar billionaires in the world, the report finds. The growth in wealth of the world's billionaires is eye-popping: Wealth of billionaires increased by $762 billion in 2017 -- a sum which is enough to end extreme poverty around the world ...


 

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