Amazon's third-quarter earnings beat Street estimates, but its revenue and fourth-quarter outlook fell short of expectations, dropping its stock 10 percent in extended trading.
Bridgewater Associates made $49.7 billion in total profit since its inception, according to a recent report by LCH Investments.
Dan Gilbert, the billionaire founder of Quicken Loans and owner of the Cleveland Cavaliers, has invested $5.6 billion across 100 Detroit properties in the past eight years. To achieve his mission of revitalizing the city, he needs Detroiters on his side.
Sioux Falls, S. D. -based Sanford Health recently unveiled the Sanford House, a $6 million building that will house the offices of the Sanford Health Foundation, and serve as a tribute to T. Denny Sanford, the philanthropist for whom the health system is named, according to the Argus Leader.
Just hours after the Coachella Valley Music & Arts Festival announced its 2017 lineup Tuesday and tickets sold out almost immediately, attention turned to a very different subject regarding Philip Anschutz, the founder of the festival's parent company.
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Jeff Bezos was named the richest man in modern history in July, but he hadn't engaged in much philanthropy until this week. On Thursday, he announced the launch of a $2 billion fund to support homeless families and education programs in underserved communities.
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