Patrice Motsepe's huge financial pledge to help less fortunate South Africans has set a new benchmark for South African philanthropists.
The new SA, was founded on the basis that those who had benefited from privilege in the past would pay to fund the reconstruction of the country.
Mexico telecoms czar Carlos Slim has topped the Forbes annual world's richest list, sporting a $69-billion fortune that outpaced Bill Gates.
Barack Obama topped Forbes' list of the world's most powerful people in 2011, while Russian Prime Minister Vladimir Putin came in at No. 2.
Facebook not only made household names out of its founders thanks to the movie The Social Network.
China may be struggling with growing income disparities, but when it comes to making a fortune, Chinese still believe that to get rich is glorious.
Microsoft founder Bill Gates has recovered his spot at the top of the United States money heap, Forbes magazine's latest list reveals.