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Bill Gates’s philanthropy costs him richest-man title

NEW YORK (Reuters) – Bill Gates didn’t lose his title as the world’s richest man last year; he gave it away by plowing billions into his charitable foundation, experts say. Forbes will release its 2011 billionaires list on Wednesday and Gates, investor Warren Buffett and last year’s richest man, Mexican…

Facebook founder’s philanthropy pledge angers Ayn Rand Center

Facebook founder and CEO Mark Zuckerberg has irritated the Ayn Rand Center with his individual decision to donate most of his fortune to charity. Zuckerberg, the world’s youngest billionaire who was named Time magazine’s Person of the Year on Wednesday, last week joined a group of wealthy titans such as…