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NEW YORK: An anonymous fan of Warren Buffett agreed to pay $2,679,001 at an online charity auction to have lunch with the billionaire chairman of Berkshire Hathaway Inc.
NEW YORK: Nike Inc is dropping its partnership with the Livestrong Foundation, the cancer charity founded by disgraced cyclist Lance Armstrong, the latest repercussion from the doping scandal that last year stripped him of his titles.
BEIJING: Billionaire investor Warren Buffett said a meeting about charity he attended Wednesday with Microsoft Corp. co-founder Bill Gates and dozens of China's super rich was a tremendous success, despite earlier concerns that the country's newly minted millionaires would be pressured to give up their fortunes.
SHANGHAI: The founder of China's Tencent Holdings Ltd, Pony Ma, said he plans to donate 100 million company shares, worth more than US$2 billion, to the firm's charity foundation in one of China's biggest philanthropic pledges ever.
AUSTIN, Texas: The Lance Armstrong Foundation has formally dropped the name of the disgraced cyclist from its title, the organization said on Wednesday, marking the latest move by the cancer charity to distance itself following the biggest doping scandal in the sport's history.
HONG KONG: The billionaire chairman of Hong Kong developer Henderson Land said he would donate HK$1bil (US$128mil) to charity after the city’s benchmark index surpassed the 30,000-point level, keeping a pledge he made seven years ago.
NEW YORK: A man who made billions of dollars off Bernard Madoff's pyramid scheme signed a will leaving the bulk of his fortune to charity, but the gift's ultimate size may depend on legal wrangling over how much of the money rightfully belongs to cheated victims.