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...successful London-based entrepreneur whose fortune rests on bringing cell phones to Africa. He sold his company in 2005 with a personal profit of $640 million. Now he's putting $100 million into a foundation that among other things will fund a new annual prize, the richest in the world: the winner gets $5 million spread over 10 years, then $200,000 per year after that for life, plus another $200,000 per year to direct to any cause he or she wants. Who's eligible? A very select group: honest African leaders...
...billion Estimated fortune of entrepreneur Zhang Yin, the first woman to top the annual Hurun Report list of China's richest people 40% Proportion of China's wealth held by the richest 10% of its population. The poorest 10% have just 2% of its wealth...
...Since 2001, the income of the poorest 10% of Brazilians has risen 23%, while the income of the richest 10% fell by 7.5%, according to Neri. "The period since 2001 is one in which we've seen the biggest reduction in inequality in 36 years. I think this is a historic and important moment. We are changing Brazil...
Yale’s endowment return rate also eclipsed that of the third-richest university, Stanford. The California party school reported returns of 19.4 percent this past year, raising its overall holdings to $15.2 billion...
...return is estimated to have come in just above the average” for the 25 richest universities, according to Harvard’s chief investor, Mohammed A. El-Erian. And “just above the average” is not a place where Harvard likes...