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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Features

Mayweather, Pacquiao fight set pay-per-view records

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May 12, 2015, 2:09 PM ET
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The ‘Fight of the Century’ between boxing greats Floyd Mayweather Jr. And Manny Pacquiao is expected to have generated more than $500 million worldwide, a record for pay-per-view buys and revenue, cable networks Showtime and HBO said on Tuesday.

The May 2 fight that saw Mayweather beat Pacquiao in a unanimous decision generated more than 4.4 million U.S. pay-per-view buys of the event, which was priced at $99, totaling more than $400 million domestically.

With additional revenue from ticket sales, international television distribution and other sources, the event is expected to bring in more than $500 million worldwide, the networks said.

Separately, Pacquiao has been sued in several U.S. courts by people who said they paid to watch him fight Mayweather in the “Fight of Century,” but felt defrauded by Pacquiao’s failure to disclose a pre-bout shoulder injury.

At least five lawsuits were filed against Pacquiao recently in federal courts in California, Illinois, Nevada and Texas. The lawsuits seek compensation under laws meant to protect consumers and ask for status as class actions on behalf of ticket buyers, pay-per-view television viewers and people who gambled on the fight.
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