More than 1000 ageing billionaire entrepreneurs are expected to bequeath $8 trillion to heirs in the coming few decades. But attitudes between the self-made and their successors are very different.
Philanthropy is a splendid thing that leaves control with the giver,compared with the surrender of control in paying taxes. But without adequate taxation there is no social cohesion.
Billionaire philanthropist Judith Neilson’s bid to save journalism is ready to be revived after a year of turmoil.
The prominent businessman and philanthropist has left a strong mark on Australian business and cultural life.
Malcolm Mawhinney’s home was held together by weeds and pigeon droppings,according to his friends. But it has proved quite the windfall for the Rev Bill Crews Foundation.
Renowned gallerist Gene Sherman has a history of owning landmark homes that host her art and furniture collection,and her new $13 million digs is no exception.
A family of philanthropists in the Blue Mountains has donated a $600,000 painting to the National Gallery of Australia.
The divorce may be every bit as painful,but things are different when billionaire marriages go bust.
The mining giant says the marital split between its biggest shareholders will not change control or the direction of the company.
The pair said their friendship and commitment to family remains strong and there will be no change in the structure or direction of their companies.
Many charities appeal to our emotions,which can get in the way of our logic.