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...hotels, a 6,000-seat arena and a 46-acre manmade lake for water sports--became a favored destination for whites in Johannesburg and Pretoria who wanted to escape their nation's moral restrictions and gamble, view soft-porn movies and watch topless showgirls, white and black. Dubbed the richest man in South Africa, Kerzner got into trouble in 1986 when he won permission for a hotel and casino in another homeland, Transkei. To acquire an exclusive gaming license, he had paid more than $900,000 to Transkeian Prime Minister George Matanzima, who was forced to resign and was later...
ARRESTED. NINA WANG, 64, one of Asia's richest women, and widow of late property tycoon Teddy Wang; after a court ruled last month that she had "probably" forged her husband's will; in Hong Kong. Nicknamed "Little Sweetie" for her pigtails and flamboyant clothes, Wang says her husband, who was kidnapped in 1990 and declared dead in 1999, named her sole beneficiary in a will dated a month before he disappeared. But the court rejected that claim and awarded Teddy Wang's estimated $128 million estate to his 90-year-old father. Wang is out on $640,000 bail...
Christmas is the only holiday for which my family puts leaves in our dining room table and uses all four of the stove burners at the same time. It is the holiday richest with ritual. And carols epitomize Christmas ritual: I love them not for the way they sound but for the way they are sung in the Rooster Church in December, when everyone’s voices blend to share the “Coventry Carol” as it has been shared since the sixteenth century...
...That's the point the skeptics miss: Unlike pure telecom companies, Hutchison Whampoa does not need its 3G business to be successful immediately. It can afford to subsidize Hutchison 3G heavily, for as long as management continues to believe 3G will ultimately pay off. Li, one of the richest men in the world (with an estimated net worth of $10 billion), is not one to throw good money after bad. He has frequently stated that not getting too attached to any investment is one of the greatest psychological edges he has. "He is very pragmatic and unsentimental," says Ingelbrecht...
...doesn't shake like a bowlful of jelly and that twinkle in his eye is more of an entrepreneurial glint, but Microsoft chairman Bill Gates seems intent on becoming India's Santa Claus. The world's richest man curried favor on the subcontinent last week by donating $100 million to help fight India's AIDS epidemic, which could hit 25 million by 2010. "There is so much promise from the great talent in this country that AIDS should not limit it," Gates said. Cultivating that talent is the goal of Gates' second gift: a $400 million investment in India, birthplace...