Summary
NEW York's billionaires, it seems, have not really noticed the downturn. They still spend their summers on lavish yachts in Europe, and are still flying in their own planes. Hearteningly, they also continue to give philanthropically on a vast scale.
Earlier this year, Blackstone Group chairman Stephen A Schwarzman gave $100 million to the New York Park Library. Last week, this town's richest resident, David H Koch, 68, gave $100 million towards the renovation of the New York State theatre, at the Lincoln Center, where the New York City Ballet and City Opera performs.See the full content of this document
Extract
Tough Times, but Still They Keep Giving
In return for their generosity, both men get buildings named after them. But before you scoff ...
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