Blackstone founder Stephen Schwarzman plans to donate his entire $48 billion fortune to a major philanthropic foundation | World News

[ad_1] Stephen Schwarzman, the co-founder and chief executive of global investment firm Blackstone, is preparing to transfer most of his estimated $48 billion personal fortune into a philanthropic foundation, according to documents reviewed by the Wall Street Journal. If implemented, the plan would significantly expand the Stephen A. Schwarzman Foundation and could place it among […]

Divorce to donations: Jeff Bezos’s ex-wife MacKenzie Scott donates $700 million to historically black colleges in another philanthropic move | World News

[ad_1] Billionaire philanthropist MacKenzie Scott has once again reshaped the landscape of American higher education, announcing more than $700 million in donations to a group of historically black colleges and universities (HBCUs), one of the largest collective gifts in their history. The move is part of her ongoing effort to redistribute the vast wealth she […]