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  • Editor’s Picks / 12 May 2015 at 5:39 GMT

    Bill Gross reveals he will donate $2 billion fortune

    Billionaire bond investor Bill Gross has already given away as much as $700 million and will eventually donate his remaining $2 billion fortune, a figure he told Bloomberg that’s “staggering, even to me”. Gross says he now defines success differently to how he did five or 10 years ago. Today, he says, “success becomes a function of what we can do with the rest of the world, to help others.” Gross, 71, amassed his wealth as co-founder of Pacific Investment Management and built his reputation as the “bond king” by generating years of industry-leading returns as manager of the Pimco Total Return Fund.
    Read article on Bloomberg
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  • Editor’s Picks / 12 November 2014 at 0:16 GMT

    Alibaba founder finds money can't buy happiness

    The Sydney Morning Herald
    Alibaba racked up $9 billion in Singles' Day sales, but the billionaire founder of the retail giant says he is not happy. Jack Ma, the teacher turned richest man in China, is burdened with worries and expectations. He is thinking about taking up philanthropy to ease his pain, but worries that he won't outperform Bill Gates in this endeavour.
    Read article on The Sydney Morning Herald
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