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Chicago's newest billionaires plan to donate fortune

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Crain's Chicago Business reports the city's newest billionaires plan to give away most of their wealth before they die.

Steve Sarowitz, 53, and his wife, Jessica, 52, are together worth about $1.2 billion. Sarowitz held a large stake in payroll firm Paylocity when it went public in 2014.

Through their Julian Grace Foundation, the couple intend to donate at least $1 billion to causes fighting racism, sexism, nationalism and religious prejudice.

Read more from Crain's Chicago Business.


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