Philanthropy

Billionaire Patrick Drahi Relocates Residency from Switzerland to Israel

13 hours ago

In a significant move that has attracted attention from both financial circles and media outlets, billionaire investor Patrick Drahi has officially changed his residency from Switzerland to Israel. This strategic relocation is not only a personal decision but also possibly influences the landscape of global investment and philanthropy.

Mackenzie Scott Unveils $2 Billion in Charitable Donations for 2024

3 days ago

In a monumental display of philanthropy, Mackenzie Scott, the renowned author and philanthropist, has announced her intention to donate an astounding $2 billion in 2024. This announcement marks yet another significant commitment from Scott, who is widely recognized for her transformational approach to giving and her dedication to supporting a wide array of causes that promote social equity and justice.

Bill Ackman’s Foundation Faces Major Losses: X Stake Plummets Over 50%

12 days ago

In a significant financial blow, Bill Ackman’s charitable foundation has reported a staggering loss of more than half its investment in the social media platform X, formerly known as Twitter. The foundation, which is a major player in philanthropy and investments, has experienced this downturn amidst a tumultuous year in the tech industry.

Billionaire Gerkos' XTX Invests Millions to Enhance AI's Mathematical Skills

16 days ago

In a bold move that could redefine the landscape of artificial intelligence, billionaire trader and philanthropist, Gerkos, has announced a substantial financial commitment aimed at improving AI's capabilities in mathematics. The investment is channeled through his quantitative trading firm, XTX. With this initiative, Gerkos intends to sharpen the already pivotal role of AI in analyzing complex calculations, driving financial decisions, and advancing scientific research.

Nvidia's CEO Foundation Faces Imperative to Double Charitable Giving Following Stock Surge

27 days ago

The recent surge in Nvidia’s stock has brought about significant changes for the foundation run by CEO Jensen Huang. With the company's market value skyrocketing, Huang’s philanthropic organization has announced the necessity to increase its charitable contributions substantially. This decision underscores the dual impact of corporate success and social responsibility.

As CERN Turns 70, It Looks for New Ways to Finance the Next Big Thing

3 months ago

CERN, the European Organization for Nuclear Research, marks its 70th anniversary with a forward-looking agenda, while avant-garde scientific contributions continue to push the organization to the front burner; the new focus is on finding new methods of financing groundbreaking projects such as the Future Circular Collider.