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Vince Cable, the Business Secretary, faces a new confrontation with Chancellor George Osborne today after warning that Britain could face the “bomb” of a second financial emergency.
The top of the list of US billionaires is still dominated by dynastic wealth, according to the latest annual survey by Forbes magazine, while 272 of the 400 richest Americans are self-made.
More than 30 US billionaires pledged today to give away at least 50 per cent of their wealth to charity as part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates.
When the super-investor, Warren Buffett, gave a chunk of his fortune to his son, Howard, there was one proviso: it had to be spent on charitable projects. Paola Totaro goes on the road with the billionaire philanthropist
Forbes list of world's richest people reflects growing power of Asia
Henry Stewart, the founder of the London-based IT training company Happy Computers, had twin inspirations when setting up his business nearly 20 years ago. The first was that his experience at the short-lived newspaper News on Sunday showed him how not to run a business. “It was a great idea, a radical tabloid with a serious news agenda, but it was the most appallingly run organisation,” he has said. “It taught me |the importance of management skills.”
Richest philanthropists join forces to help charities struggling through recession
The global rich list just got shorter. Billionaires are an endangered species after the crunch cost them $2trillion, Stephen Foley reports