Wealth

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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Last year was a record year for mega-gifts, with three charitable donations of $1 billion or more, according to a new report. The Chronicle of Philanthropy compiled its list of the 10 biggest gifts of 2017, with three donations of $1 billion or more — the strongest year in the past decade. And while the
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But others say Crown Prince Mohammed’s spending habits and his corruption crackdown are separate issues, and those who conflate them might fuel misconceptions about public opinion Saudi Arabia. Crown Prince Mohammed is trying to rein in widespread corruption, not discretionary spending by the future king, said Bernard Haykel, professor of Near Eastern studies at Princeton
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If you read the headlines, the spoils of the Republican tax plan will disproportionately benefit the wealthy. It’s been called a “tax cut for the rich,” “a Christmas gift for the wealthy” and more. And that’s true: Any back-of-the-envelope math shows that in both dollar terms and in percentage terms, the largest tax cuts clearly
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