Eli Broad, the founder of KB Home, has given more than $200 million from his $7 billion fortune to create one of the most important centers of genetic research in the country: the Broad Institute, a joint venture between MIT and Harvard.
In spite of creating their massive fortune from Big Oil, they decided it was no longer prudent, nor moral to keep their money in it.
The Internet got a late start in Italy but is already viewed by sociologists as a catalyst for social change, a way of breaking down Italy's rigid old boy network of political and financial influence and of creating jobs, uninherited fortunes and new power bases.
When Alfred Nobel, the Swedish inventor of dynamite and more powerful explosives, died in 1896, he bequeathed the bulk of his fortune to create five annual prizes honoring ingenuity.
From Huffington Post, she moved to Fortune Magazine, which had just started the process of creating a new website.
Good impulse: But how do civil servants keep a step ahead of financial engineers being paid a fortune to create the next generation of credit time bombs?
He also brokered a deal with Turner Broadcasting to set up CNN/Money, which used the editorial content and staff of Money and Fortune to create a highly profitable Web site that makes more money than both those magazines.
SEOUL, South Korea — President Lee Myung-bannouncedced on Monday that he will donate $26 million, the bulk of his personal fortune, to create a scholarship fund to help bridge a growing gap between the rich and poor in South Korea amid a global recession.
He used $1 billion of his Wall Street fortune to create the Peter G. Peterson Foundation, whose sole purpose is to educate Americans about the dangers of the debt.
"I think it would be far healthier to elect an honest conservative, who has a long history behind his opinions, than to elect a man who is using his fortune to create a false image of himself as a liberal," Mr. Afran said.
