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Hong Kong tycoon Li KaShing said on Wednesday he would sell his C$1.2bil (US$1bil) stake in Canadian Imperial Bank of Commerce, or about 4.9% of the bank, and donate the proceeds to his charitable foundations.
WE are often told that charity begins at home. But what happens when money meant for charity lubricates the lavish lifestyle of some fundraisers? Ideally, the misuse of charitable funds should not happen anywhere.
The billionaire Chinese businessman has pledge to donate all his fortune to charity when he passes on.
Everyone has his/her reasons for doing good deeds, including the rich and famous. There are people who prefer to stay anonymous when donating to charity, but there are also those who shout to the world to make their names even more famous.
WASHINGTON (AP) - Foreign countries including Norway and Oman contributed to former President Bill Clinton's charity as Hillary Rodham Clinton served her first year as secretary of state.
OMAHA, Nebraska: The Canadian investment managers who paid US$1.68 million in a charity auction to win lunch with investor Warren Buffett believe the meal will be worth it because of what they might learn from the billionaire.
A HUGE charity gift by a high-tech tycoon has shone a harsh light on the philanthropic track record of India's established and emerging billionaires.
HSBC (M) Trustee Bhd has agreed to be the trustee for The Truly Loving Co Sdn Bhd (TLC), which aims to distribute 100% of its dividends to four selected charity organisations.
OMAHA, Nebraska (AP) - A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay.
SEATTLE: Forty wealthy families and individuals have joined Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett in a pledge to give at least half their wealth to charity.