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Billionaire benefactor changing the face of Los Angeles

Name: Billionaire benefactor changing the face of Los Angeles
Uploaded: 2013-10-26T02:06:49-0400
Duration: 4 min 40 s
Description: Billionaire Wallis Annenberg's foundation has given away $4.2 billion to fund nearly 10,000 arts projects. In a joint venture with National Geographic, her Annenberg Center of Photography is set to open a new photo exhibit in Los Angeles. Recently, the heiress sat down with Bill Whitaker to share why giving away her money brings her so much joy.

Billionaire Wallis Annenberg's foundation has given away $4.2 billion to fund nearly 10,000 arts projects. In a joint venture with National Geographic, her Annenberg Center of Photography is set to open a new photo exhibit in Los Angeles. Recently, the heiress sat down with Bill Whitaker to share why giving away her money brings her so much joy.