Wealth

America’s 50 largest charitable donors gave away $14.7 billion last year, with Bill and Melinda Gates leading the list with a $4.8 billion donation to their foundation, according to a new report. Giving by the top 50 donors more than doubled in 2017, soaring to $14.7 billion from $5.6 billion in 2016, according to the
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In the November crackdown, the Saudi government arrested and detained several hundred businessmen, senior officials and Saudi royals like Alwaleed, many within the Ritz-Carlton hotel. Multiple reports, citing anonymous sources, have suggested that detainees handed over assets in order to buy their freedom. Alwaleed, the billionaire owner of international investment company Kingdom Holding, told Reuters
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AFP | Getty Images Wang Fuman, also known as ‘Frost Boy’, walks on the road in Ludian in China’s southwestern Yunnan province on January 12, 2018. At an event organized by his charitable foundation on Sunday, Ma told a room of 80 entrepreneurs that establishing a network of boarding schools would improve education standards and
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Source: Gooding & Co. A 1965 Ferrari 275 GTB Speciale Coupe, auctioned by Gooding & Company, sold for more than $8 million. What’s more, a provision in the new tax law that prevents “value-in-kind exchanges” for cars has crimped sales at the top. Previously, collectors were allowed to sell one car and buy another of
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Amazon CEO Jeff Bezos donated $33 million in college scholarships for “dreamers” — childhood undocumented immigrants granted stay in the country under the Obama-era Deferred Action for Childhood Arrivals program. TheDream.Us, a nonprofit working toward college access for undocumented immigrants, said the donation from Bezos and his wife MacKenzie is the largest in the organization’s
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Jeff Bezos’ wealth hit $105.1 billion, according to the Bloomberg Billionaires Index, passing Microsoft co-founder Bill Gates’ previous record from 1999. Bezos‘ net worth nudged upward thanks to a rise in Amazon stock, which is up 6.6 percent year to date. Bezos first passed $100 billion in November on impressive Black Friday sales. It seems
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