KEITH McARTHUR, From Thursday's Globe and Mail
John McCall MacBain worked tirelessly for two decades to become the King of Classifieds, accumulating a net worth of at least $1.1-billion through the acquisition of buy-and-sell magazines around the world.
Now the Canadian entrepreneur is selling his company and looking forward to his next big project: Donating $1-billion to aid projects in sub-Saharan Africa.
When Trader Classified Media NV winds up later this year, Mr. McCall MacBain and his wife, Marcy, plan to use at least 80 per cent of their net worth to set up a charitable foundation tasked with improving the health and education of the world's most needy, especially African children."
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