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...The outflows are in addition to the €300mn of unexplained lending by SDS to entities controlled by Benko’s family foundation previously reported by the FT....
...There’s nothing flashy here: propped against one wall is a copy of Graham Sutherland’s portrait of Clore on display in Tate Britain, on the walls are some family photographs — one of him with a young Queen...
...Malin Rosenkvist Director of Fundraising, MicroLoan Foundation, London SE1, UK...
...As well as philanthropy, the appeal of setting up foundations include protection against takeovers and a defence against family squabbles. Tax planning is a powerful incentive....
...The money that funds the Tanoto Foundation comes entirely from the family, not the RGE Group, points out Belinda....
...The two Austrian organisations — the Benko Family Foundation, controlled by his mother, and the Laura Foundation, named after his daughter — had been assumed to look after most of Benko’s personal wealth...
...James Robertson Director of Campaigns, Sortition Foundation, Folkestone, Kent, UK...
...Heir to the proceeds of a successful family-owned beverage business in Italy, the 35-year-old London resident has committed to spend down his seven-figure fortune at a rate of 2.7 per cent per year....
...Asda plans to raise more than £2.6bn to refinance a chunk of its debt, after the UK supermarket unveiled results which showed adjusted profits jumped by roughly a quarter last year....
...My paternal grandfather was a butcher — not a “victualler” — in the 1960s and early 1970s in Bundoran, County Donegal (population circa 2,000). He eschewed what he called a “sanitised label”....
...Puig, a family-owned Spanish beauty group, is preparing for an initial public offering in the coming weeks through which it aims to raise more than €2.5bn in the biggest flotation in the sector in years....
...Investors include family offices, foundations, endowments and high-net-worth individuals....
...He spends $2.50 on family health insurance. His wife got her diploma last year but has yet to find a sought-after job in a government school, which would pay up to $275 a month....
...Kirkbi, an investment vehicle run by the founding family, owns 75 per cent, with the remainder owned by the Lego Foundation....
...The steelworks’ chimneys are in view of the Art Labs, which are funded by the JSW Foundation created by the Jindal steel family....
...Born to a farming family in 1867, Nolde was a rare combination of an artist who was labelled as a “degenerate” by the Third Reich while also being a Nazi party member and antisemite — facts that his estate...
...a small family ceremony”....
...Adam Corlett, principal economist at the Resolution Foundation, estimates the figure will rise from 70,000 families in 2018 to about 750,000 by the time the policy has fully taken effect in 2035....
...(Works from this series will be on show at Lisson Gallery in New York from May 2.)...
...It accuses Inpria of selling products and filing new patents using its IP — valued between $2.4bn and $4.3bn — in violation of a contract signed between the foundation and JSR’s subsidiary....
...In the past 10 years in particular, the money Novo Nordisk pays to it in dividends and through share buybacks has soared, rising about 180 per cent over the period to DKr14.2bn ($2.1bn) last year....
...He took over Boussac’s assets in 1984 and used Dior as the foundation of his global luxury and fashion group. He also observed how some enterprises failed to outlive their founders....
...In “Untitled No 2” (1986), a vast blue ocean is traversed by white coffins with sails....
...As well as contributing to cultural life in Britain, Rothschild was active in Israel, serving as chair of Yad Hanadiv, the family foundation, from 1989 until 2018....
...Benko — whose personal wealth was once estimated by Forbes at $6bn — and his two family foundations in Austria have also declared themselves insolvent....
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