Chinese Billionaire Donates Entire Fortune

Bill Gates has an addition to his Giving Pledge charity, in which he is asking wealthy people like himself to donate their fortunes to charity after their deaths. 42 year old Chinese entrepreneur and philanthropist Chen Guangbiao is joining the other billionaires in this pledge. Chen Guanbiao is no stranger to such generosity as he has already donated 1.34 billion yuan ($0.20 billion) for charitable causes in the last 10 years which has in turn benefited over 700,000 people.

40 Billionaires Pledge To Donate Half Of Their Wealth

Bill Gates and Warren Buffet have teamed up and has decided to ask America’s wealthiest people to donate half of their fortunes to charity. They contacted 70-80 people on the Forbes Wealthiest 400 Americans list, only to come away with 40 others who agree.

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America’s Richest Meet


Some of the world’s wealthiest people gather to meet in New York City to see how they can join together to do more. Oprah Winfrey, Michael Bloomberg, Bill Gates, Warren Buffett, Ted Turner were amongst some of the attendees, the group discuss around a long table in a window lined private room overlooking the East River on May 5th, on how they can do more to being committed to philanthropy. With this recession people are giving less to charity and America’s richest are going to help pitch in.

Source: ABC NEWS

Real Estate: The World’s Most Expensive House!

Billionaire Roman Abramovich, one of the richest man in the world, has just made an historic purchase that takes the spot of “The World’s Most Expensive House”. The Chelsea Football Club owner has just paid $500 million dollars for this superior estate. This elite estate sits on a 10 acre lot cascading down to the resort of Villefranche on the French Riviera.

The 41 year old and his oil heiress girlfriend Daria Zhukova, fell in love with the palatial villa during a private viewing. Apparently, he’d like to take over all of the exclusive properties along the Riviera. He also owns the $30-million Chateau de la Croe just down the road from La Leopolda. Past owners of the Leopolda include Edmund Safra, Microsoft’s Bill Gates and Fiat tycoon Gianni Agnelli.

You know your Ballin’ when you can pay the $3.2 million monthly mortgage payment!