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Bill Gates

July 19, 2022

In this week’s FB Roundup, Teddy Sagi launches a £1.5 billion sale of London’s Camden Market; Bill Gates vows to drop off the world's richest list; and Zimbabwe’s richest man Strive Masiyiwa is raising $500 million for his digital business expansion.

Teddy Sagi launches £1.5 billion sale of London’s Camden Market
Israeli billionaire Teddy Sagi has initiated a discreet sale of London’s Camden Market, hoping to gather bids of more than £1.5 billion for the area famed for its stalls, bars and eateries.  

According to The Financial Times, Sagi has appointed financial adviser Rothschild & Co to deal with the sale.

June 21, 2022

In this week’s FB Roundup, Warren Buffett donates $4 billion to charity; Harold Hamm aims to take oil group Continental Resources private; and Ronald Perelman sees big losses as Revlon faces bankruptcy.

Warren Buffett donates $4 billion to charity
Legendary investor and philanthropist Warren Buffett is staying true to his pledge to give away nearly all his personal fortune – valued at $93.4 billion, according to Forbes – with a $4 billion donation to the Bill & Melinda Gates Foundation and four other family charities.

February 4, 2022

The former wife of Microsoft co-founder Bill Gates has announced that she no longer plans to give away the bulk of her wealth via their Bill & Melinda Gates Foundation. Here's why a clean break makes sense.

Following on from her divorce from Microsoft co-founder Bill Gates in 2021, Melinda French Gates has announced that she no longer plans to give away the bulk of her wealth via their Bill & Melinda Gates Foundation.

December 13, 2021

Maersk family expands into healthcare with Unilabs deal, Weston family sells Selfridges to Chirathivat family, Lonely billionaire Bill Gates shares The Giving Pledge with ex-wife Melinda.

Maersk family expands into healthcare with Unilabs deal

The family holding company best known for controlling the Danish shipping giant Maersk is making good on its plans to tackle global challenges head on by acquiring a Covid-19 test maker and diagnostics company.

August 17, 2021

Charitable giving is increasingly becoming a keystone in ultra-high net worth family estate planning.  Therefore, in considering how to unwind an estate plan on divorce, thought must be given to how to disentangle the family’s charitable activities.

Charitable giving is increasingly becoming a keystone in ultra-high net worth family estate planning.  Therefore, in considering how to unwind an estate plan on divorce, thought must be given to how to disentangle the family’s charitable activities.

How a philanthropic programme can be bisected such that each party can pursue their own independent path depends significantly on the form of that programme; at its most complex it involves a close investigation of UK charity and trust law to determine the best way to separate the two individuals.

May 9, 2021

Manchester United owner Joel Glazer promises angry fans investment and consultation, Warren Buffett’s heir apparent is deal-maker Greg Abel, Bill and Melinda Gates to divorce but continue charitable foundation.

Manchester United owner Joel Glazer promises angry fans investment and consultation

Apologetic co-chairman Joel Glazer has sought to reassure Manchester United fans he and his US billionaire family “care deeply” about the English Premier League football club they own and pledge greater investment and fan consultation.

September 17, 2020

Deepening digital strategy boosts Inditex coronavirus recovery, Mars principal leads charge to overhaul capitalism with social purpose, Billionaire Chuck Feeney goes broke after going big in philanthropy.

Deepening digital strategy boosts Inditex coronavirus recovery

Online sales turbo-charged a V-shaped coronavirus recovery into profit for the digitally innovative Ortega family-owned Spanish fashion giant Inditex, best known for its high street chain Zara.

September 2, 2019

With more billionaires now than any other region, Asia has the potential to become a world leader in philanthropic giving, but is it really that easy? Susan Lingeswaran explores the intricacies of giving among the world’s fastest-growing economies

When legendary Hong Kong actor Chow Yun-Fat—of Crouching Tiger, Hidden Dragon and Pirates of the Caribbean: At World’s End fame—announced plans in late 2018 to give away his entire $715 million fortune to charity after his death, the country’s media went into overdrive.

One Hong Kong newspaper called the announcement one of the biggest events in philanthropy to date. Another declared Chow, 63, the most selfless actor in the world and demanded other ultra-high net worth individuals in the region follow suit.

November 19, 2018

Asia’s story over the past few years has been a tale of rapidly rising wealth and with it, increased philanthropic giving. 

Asia’s story over the past few years has been a tale of rapidly rising wealth and with it, increased philanthropic giving. In 2014, Hong Kong real estate moguls Ronnie and Gerald Chan hit western headlines when they pledged a $350 million gift to Harvard University through their charitable foundation—the largest in the institution’s history. In its 2016 study on philanthropy, BNP Paribas said that 27% of high net worth Asians planned to leave at least a third of their fortune to charity.

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