Asia’s richest families approach philanthropy in much the same way they approach business: Managing things directly and keeping a close eye on outputs, rather than just writing the checks. That’s one of the conclusions from a new report from the Bridgespan Group, a U.S.-based philanthropy advisory group, released at the Philanthropy for Better Cities Forum
The world’s richest have amassed an eye-watering stockpile of $15.1 trillion—and their heirs are set to take over a third of the global billionaire fortune in the coming decade. Women and Gen Xers are set to take home the largest slice of the pie. About 5,000 spouses and adult children will inherit $6.6 trillion of
The thought of a billionaire’s lifestyle may conjure up images of Great Gatsby mansion-buying and jet-setting at the drop of a hat. But the life of an heiress with the wealth of two multibillion-dollar American businesses looks a lot different. Mitzi Perdue was born into the Sheraton hotel family, and at just the age of
We’ve all experienced that semi-awkward moment of being approached on the street and asked to make a donation to a cause we’ve probably never heard of. Either because we feel inclined to donate to avoid guilt or because we genuinely feel compelled to contribute, we’ll throw a few bucks in the pot. But the problem
Some people may go back and volunteer at the hospital where they were born, or even fewer may go on to become a health care professional there. But it’s extremely unique to make a multimillion-dollar donation there. That’s what political powerbroker George Norcross was able to recently do, though. Norcross, who is considered one of
Parton’s final album, “Rockstar,” was a mix of original material and classic rock covers. She said she was inspired by her Rock & Roll Hall of Fame nomination to craft a tribute to the genre. “Even though I am extremely flattered and grateful to be nominated for the Rock & Roll Hall of Fame, I