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People tend not to trust the very wealthy. So it's probably not surprising that they questioned the motives of the world's richest man, Bill Gates, when he announced Monday that he had made a $5 billion contribution to the Bill and Melinda Gates Foundation, thus making it the largest charitable foundation in the world. Cynics labeled the move another attempt by Gates to paint himself as a more sympathetic character in Microsoft's ongoing antitrust litigation. The same accusations were made earlier this month when Gates stepped down as Microsoft's CEO, saying he wanted to focus more...
...richest empires are Ming dynasty China and the realm of the Ottomans, which blocks western Europe's old land routes to the east. Portugal and Spain seek oceanic alternatives; Lisbon rounds the Cape of Good Hope to reach India; Madrid crosses the Atlantic in hopes of landing in Marco Polo's Cathay but finds the Americas instead. Two continents are suddenly open to conquest...
Omidyar seems to realize that given his anticorporate values, it's more than a little ironic that he's one of the richest human beings on the planet. And clearly he's uncomfortable with his wealth. "What one person needs, and what one family needs and all of their future generations need is a tiny, tiny fraction of this total number," he says of his net worth. "That means we have an awesome responsibility to see that the wealth is put to good use." In addition to eBay's foundation, Omidyar and his wife are developing one of their...
There is little money to be had in sheepdog trialing; even the richest purses fail to break $3,000. Nor, for the less than dangerous, is there much glory. "You get knocked down," says Adrienne Paier Wienir, 55, an artist from Encino, displaying a fresh bruise on her forehead. "You get covered with dust and sheep snot...
Safra, listed in Forbes magazine as the world's 199th richest person, was scion of a banking family that built its first fortune financing the Ottoman Empire caravan trade. Safra made his mark adhering to the old-fashioned banking-business model of securing deposits and then investing them in safe, modest-yielding assets. The secretive billionaire had long been known as a generous contributor to Jewish causes around the world. Last week he was on the verge of wrapping up his life's work, the sale of Republic National and Safra Republic holdings to HSBC Holdings, Britain's largest bank...