Behind every billionaire there is a story!

Billionaires get wealthier faster then ever

The wealth of the world’s super-rich soared last year at the fastest rate for seven years. The rise in riches was accompanied by a surge in charitable giving to $285bn - believed to be a record.The downside for the super-rich was that the cost of their favourite luxury products and activities rose at nearly twice the average rate for goods and services.

The boost in cash held by the world’s millionaires and billionaires gave way to a surge in philanthropy, the report said. Rich individuals donated 7% of their wealth to charity, while the ultra-rich donated more than 10% to these causes. This charitable giving amounted to more than $285bn globally.

Warren Buffett, the world’s second-richest man, added to the trend last year when he donated 85% of the $45bn earned from his lifetime of investments to a foundation established by Microsoft’s Bill Gates and his wife Melinda

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 http://business.guardian.co.uk/story/0,,2112982,00.html