Magic Johnson had a fantastic basketball career. A five-time NBA champion, he won three regular-season MVP awards and made the All-Star team 12 times. He also led one of the most exciting franchises in NBA history as the point guard for the showtime-era Lakers. Yet when he retired in 1991 (and again in 1996 after a brief comeback), he was already well into the next chapter of his life: being a businessman.

And boy, has Magic succeeded in his second career. Johnson has had his own music label, movie theaters, and film company. He's been a studio analyst for Turner Networks and ESPN, and created the Magic Card, a pre-paid MasterCard designed to help low-income people save money. He's also developed a contract food service (Sodexo-Magic) and is the only franchisee in Starbucks history. Oh, and he's currently the co-owner of the Los Angeles Dodgers, Los Angeles Sparks, and MLS's Los Angeles Football Club.

He credits basketball as developing his competitive drive and persistent mentality. Johnson began thinking about business ventures while still playing, cold-calling 20 CEOs and asked them out to lunch to pick their brains and learn from their experience. They helped him evaluate himself and what he needed to do to achieve success. That led to the creation of Magic Johnson Enterprises.

An early Johnson venture was investing in movie theaters. His first one topped revenue for its opening weekend and was among the highest-grossing in the industry. Within three years of his retirement, he became a minority owner of the Lakers, paying $10 million to do so.

His next goal was to deliver Starbucks locations throughout the United States. Like his movie theaters and other investments, he had a special focus on areas with a high population of African-Americans.

Getty Images

Johnson quickly learned that the customer is always right – a lesson he got after his first business venture, a sporting goods store, failed. He modified the Starbucks locations' music playlists and substituted pumpkin pie and peach cobbler for scones, since those treats were in higher demand among customers.

Over a span of six years, Johnson developed 125 Starbucks stores. The partnership, called Urban Coffee Opportunities, put Starbucks in urban areas throughout the country. After a dozen years, Johnson sold his interest in Starbucks.

Magic didn't rest for long, though. He used his money from the Starbucks sale to buy the Los Angeles Dodgers in 2012 for more than $2 billion.

That seemed like a high price tag to many people, but Magic had done his research. In an interview, he said he knew an upcoming television deal for the league and team was valued at $9 billion, and even the land Dodgers Stadium sat upon was worth $3 billion.

However, when Johnson took over the team, the Dodgers were struggling with attendance. Again, thinking from the perspective of the customer, Magic put in a pavilion for fans to stand, socialize, and – most importantly for the team – spend money on drinks.

Johnson realized millennials come to the game for the experience, not just for the action on the field. By tailoring a Dodgers game to those expectations, Magic helped the franchise boost its attendance numbers.

And being in Los Angeles, Magic had to obtain a Disneyland contract. He's cited that as one of his markers of success.

Of course, things weren't always easy for Magic. Ten different banks turned him down when he tried to borrow money. And despite his eventual success with Starbucks, it took him six years before the company finally agreed to a partnership. He also turned down an offer for "a lot of stocks" from Nike founder Phil Knight if he signed on with the company. Magic didn't know about stocks at the time, but still regrets that offer to this day.

Johnson created the Magic Johnson Foundation in 1991 after announcing he had HIV. Though initially aimed to help people with HIV, the foundation has since branched out to include other charitable efforts.

Through it all, Johnson has relied on two simple mantras: hire people smarter than you, and learn from your mistakes – and then change.

Magic says he hires a lot of young people because his old way of thinking can get him into trouble and limit his chances of success.

Perhaps more than anything else, Johnson's business ventures have come with great determination. He admits that not everyone believes in his businesses, but he doesn't feel sorry himself. Instead, he keeps going, knowing the lessons he's learned will bring him good fortune.

Read more: Magic Johnson Has Had Tremendous Success As A Businessman

Lloyd Braun net worth and salary: Lloyd Braun is an American media executive who has a net worth of $25 million. Lloyd Braun was born in New York in 1958. He is the founder and CEO of the Los Angeles based media and technology company Whalerock Industries. Braun graduated from Vassar College and the University of California's Hastings College of the Law. He worked as an entertainment attorney for clients including Howard Stern, Larry David, and David Chase. Larry David would later name a memorable character on Seinfeld after Lloyd. Lloyd helped David Chase come up with the idea for the TV series The Sopranos. He served as the Chairman of the ABC Entertainment Group from 2002 to 2004. While at ABC, Braun was responsible for green-lighting TV shows including Desperate Housewives, Boston Legal, Extreme Makeover Home Edition, Lost, and Grey's Anatomy. He was fired from ABC after spending an estimated $15 million on the pilot of Lost which other executives thought would be a failure. Lost went on to become one of the most successful shows in television history. Braun later worked for Yahoo! Media Group. He resigned from Yahoo! in 2006 to form the entertainment company BermanBraun with fellow TV executive Gail Berman. In 2012, BermanBraun acquired the assets of Whiskey Media. In 2014, Lloyd bought out Gail Berman and rebranded the company as Whalerock Industries. The name Whalerock is derived from a rock on Braun's Ojai, California estate that looks like a whale.

Read more: Lloyd Braun Net Worth

Stephen Carpenter net worth: Stephen Carpenter is an American musician who has a net worth of $10 million. Stephen Carpenter was born in Sacramento, California in August 1970. He is best known for being a co-founder and the lead guitarist of the band Deftones. The band was formed in 1988 and released their debut studio album Adrenaline in 1995. Deftones released the album Around the Fur in 1997. Their album White Pony was released in 2000 and reached #3 in the US and #2 in Australia. Their self-titled album was released in 2003 which reached #2 in the US and New Zealand, #4 in Australia, and #7 in the UK. Deftones released their album Saturday Night Wrist in 2006 which reached #10 in the US and the album Diamond Eyes in 2010 which reached #6 in the US. They have also released the albums Koi No Yokan in 2012 which reached #11 in the US and Gore in 2016 which reached #2 in the US and #1 in both Australia and New Zealand. Carpenter has also released several albums with Sol Invicto.

Read more: Stephen Carpenter Net Worth

Shannon Larkin net worth: Shannon Larkin is an American musician who has a net worth of $13 million. Shannon Larkin was born in Chicago, Illinois in April 1967. He is best known for being the drummer of the rock and roll band Godsmack. Larkin has also played with several other bands including Candlebox, Ugly Kid Joe, Amen, and Souls at Zero. Godsmack was formed in 1995 and Larkin became the drummer in 2002. He played on their 2003 album Faceless which reached #1 on the Billboard 200 chart. He also played on the Godsmack album IV in 2006 which reached #1 in the US and #4 in Canada. Godsmack released the album The Oracle in 2010 which reached #1 in the US and #2 in Canada. They released the album 1000hp in 2014 which was #3 in the US and #2 in Canada. Their album When Legends Rise was released in 2018 and reached #8 in the US and #6 in Canada.

Read more: Shannon Larkin Net Worth

Marc Marquez net worth: Marc Marquez is a Spanish motorcycle racer who has a net worth of $25 million. Marc Marquez was born in Cervera, Spain in February 1993. He is a Grand Prix motorcycle road racer who has won six Grand Prix championships making him one of the most successful racers of all time. He debuted for Honda's factory team in 2013 in MotoGP. Marquez is one of only four riders who have won world championships in three different categories. His accomplishments include the 2010 125cc World Championship, the 2012 Moto2 World Championship, and the MotoGP World Championships in 2013, 2014, 2016, and 2017. He became the youngest rider and the first since 1978 to accomplish the premier class title during his first season. Marc Marquez had a great season in 2014 when he won 10 races in a row and easily defended his title. In 2016 he tied the all-time Grand Prix record for pole positions at just 23 years old. Marc is the older brother of Alex Marquez who won the Moto3 world championship in 2014.

Read more: Marc Marquez Net Worth

Michael DeLuca net worth: Michael DeLuca is an American film producer and screenwriter who has a net worth of $20 million. Michael DeLuca was born in Brooklyn, New York in August 1965. He has served as the president of production for both New Line Cinema and DreamWorks. He made his debut in 1987 as a writer for the short film The Lawnmower Man. DeLuca was a writer for the television series Freddy's Nightmares and the movie Freddy's Dead: The Final Nightmare. He has served as a producer of executive producer for many movies including Deep Cover, Leather Weapon 1, The Mask, Don Juan DeMarco, Judge Dredd, Boogie Nights, Wag the Dog, Lost in Space, Blade, Pleasantville, American History X, Austin Powers: The Spy Who Shagged Me, Magnolia, Rush Hour 2, The Social network, Moneyball, Captain Phillips, Fifty Shades of Grey, and more. Michael DeLuca has been nominated for Academy Awards for Best Motion Picture for The Social Network, Moneyball, and Captain Phillips.

Read more: Michael DeLuca Net Worth

John Wells net worth: John Wells is an American film, television, and theater producer, writer, and director who has a net worth of $80 million. John Wells was born in Alexandria, Virginia in May 1956. He created the television series Presidio Med which ran from 2002 to 2003. Wells has served as a producer or executive producer on several films including Love and Mercy, Electric Slide, August: Osage County, Dirty Girl, Gigantic, Then She Found Me, I'm Not There, An American Crime, A Dirty Shame, The Company, Party Monster, White Oleander, and more. Starting in 2011 he became the executive producer, showrunner, director, and writer of the television series Shameless. He has also worked on the TV series Southland, ER, The West Wing, Third Watch, and more. John Wells has won six Primetime Emmy Awards and was awarded a star on the Hollywood Walk of Fame in 2012 at 6533 Hollywood Blvd. Real estate transactions: In 2007, John Wells listed his home in Los Angeles for $14.5 million and his compound in Vail for $19.5 million. In 2017, Wells sold a house to producer Brian Robbins for $12.5 million.

Read more: John Wells Net Worth

Lee Child net worth: Lee Child is a British author who has a net worth of $50 million. Lee Child was born in Coventry, England, United Kingdom in October 1954. He is best known for his thriller novels including his Jack Reacher series. His given name is James "Jim" Grant, but he uses the pen name Lee Child. He has authored the novels Killing Floor, Die Trying, Tripwire, The Visitor (Running Blind), Echo Burning, Without Fail, Persuader, The Enemy, One Shot, The Hard Way, Bad Luck and Trouble, Nothing To Lose, Gone Tomorrow, 61 Hours, Worth Dying For, The Affair, A Wanted Man, Never Go Back, Personal, Make Me, Night School, The Midnight Line, and Past Tense. Lee Child has won several awards including the Anthony Award, Barry Award, Nero Award, Theakston's Old Peculiar Crime Novel of the Year, Specsavers' National Book Award, and RBA Prize for Crime Writing. He made cameos in the two movies that were adapted from his books: Jack Reacher and Jack Reacher: Never Go Back.

Read more: Lee Child Net Worth

Tiger Woods and Peyton Manning found themselves paired together during the pro-am round of the Jack Nicklaus Memorial Tournament. The pairing makes sense – after all, these were two guys who used to dominate their respective sports. And this isn't the first time they've hit the links together, either. In fact, after Woods lost his No. 1 ranking, Manning's trash talk was so biting that Woods used it as fuel to reclaim the top spot.

Manning used audibles while with the Colts that included "Tiger," which was a snap on one, and "Phil," which was a snap on two. The reason for this? Tiger was the No. 1 golfer at the time, while Phil Mickelson was usually second in the rankings.

During a round of golf in 2013 – Manning's first season with the Broncos – Woods asked Manning about the biggest difference between playing with the Broncos instead of the Colts.

Andy Lyons/Getty Images

"Tiger, it's really similar," Manning told Woods. "The hardest thing for me right now is that 'McIlroy' is on one and 'Tiger' is on two."

Woods entered the 2013 season behind – you guessed it – Rory McIlroy.

According to Manning, Woods was upset by the trash talking. Tiger then won two events that same month and took back his spot atop the rankings.

After reclaiming the No. 1 ranking, Manning said Woods called him to make sure he switched the audibles back.

Woods has been struggling in recent years, currently sitting 80th in the Official World Golf Rankings. Maybe he just needs to play a few more rounds with Manning to help get his mojo back.

Read more: How Peyton Manning Helped Tiger Woods Reclaim His No. 1 Ranking

Michael Jordan is largely considered to be the greatest basketball player to ever play the game, but he never made as much on court in his 15 seasons with the Chicago Bulls and Washington Wizards as he made off court in product endorsements. Over his 15-year NBA career, Jordan earned $93 million and $63.3 million of that was made in his last two seasons in the NBA. Today, he brings home $100 million a year just from his deal with Nike. He has a net worth of $1.65 billion thanks to the Jordan brand and the skyrocketing value of the Charlotte Hornets, which he owns.

Jordan retired 15 years ago. Since then, he has built the most lucrative and successful career of any former athlete. Jordan still makes more money than LeBron James and all other active NBA players.

Jordan bought the NBA's Charlotte Hornets in 2010 for $275 million. The team is now worth more than $1 billion. Jordan owns 90% of the team.

Streeter Lecka/Getty Images

Nike founder Phil Knight signed Jordan to the then fledgling brand for $250,000 a year in 1984. Knight has called this the best decision he's ever made. The Jordan brand brings in more than $3 billion a year in revenue. The Nike-owned Jordan brand accounts for more than 50% of the basketball sneaker market. Nike expects the Jordan brand to bring in $4.5 billion in revenue by 2020. Michael Jordan collects a royalty on every shoe, hoodie, short, etc. sold by Nike. Sales of the Jordan brand for Nike rose 14% last year and has about 30 current NBA players under contract to wear the product on the court, including Chris Paul, Russell Westbrook, Carmelo Anthony, and Blake Griffin. Jordan's sells eight times more shoes than LeBron James—the top active NBA star. No one sells like MJ.

While his Nike royalties bring in the bulk of his annual earnings, it is far from the only check he receives. He has been in a partnership with Gatorade since 1991. Gatorade's famous "Be Like Mike" ad initially ran after the Bulls won their first of six titles. Jordan originally signed a 10-year, $13.5 million deal with the sports drink company that continues to this day. Jordan also maintains deals with Hanes, Upper Deck, 2K Sports, and Five Star Fragrances. He also has a car dealership and seven restaurants that contribute to his income.

An example of how powerful Michael Jordan's name is comes from the example of a lawsuit the NBA legend brought against the grocery store chain Dominick's in 2010. He sued the now out of business chain for unauthorized use of his name in a steak coupon advertisement that the store put out to commemorate MJ's induction into the NBA Hall of Fame in 2009. The trial went to court in August 2015 and the jury found Safeway, Dominick's parent company, liable for $8.9 million. You might be wondering how many people cashed in the $2 coupons? Two people. Jordan's name is that powerful. Jordan donated the award to 23 different Chicago charities in December 2015.

He owns several homes, flies around in his private jet, sails on his mega yacht, and has his own golf course. His private jet is painted Carolina blue and the plane's ID number uses his jersey number 23 and the number of NBA titles he won (6). He spent $12.8 million building a home in Florida and has a $2.8 million house on a lake near Charlotte. His 154-yacht is named Mr. Terrible. And that golf course? He decided to build his own because the pace of play at his country club annoyed him. That golf course will be called the Grove XXIII and will open in 2019. When he travels oversees, he travels with a security team. His codename is Yahweh.

Yeah, it's good to be Michael Jordan, or should we say it's good to be like Mike?

Read more: Michael Jordan's Net Worth Is Now $1.65 Billion

The Walking Dead star Andrew Lincoln's unexpected exit from the show will have implications for it that won't be fully known by the public for a while, if ever. But one ramification of his decision to leave the show is already known, and subject to reporting by The Hollywood Reporter: That fellow Walking Dead star Norman Reedus is poised to negotiate a contract that will make him one of the highest paid actors on television.

Lincoln is slated to leave the show at some point during its upcoming ninth season, and Reedus, who has been in the cast since the beginning, is reportedly negotiating a new contract that will surpass $20 million. If those negotiations are successful, the deal will put him on equal footing with Gray's Anatomy's Ellen Pompeo, and ahead of such famously well compensated stars as Emilia Clarke and Nikolaj Coster-Waldau of Game of Thrones.

Dave Kotinsky/Getty Images

Lincoln's exit from The Walking Dead will leave Reedus and co-star Melissa McBride as the only two performers on the show to be involved since the first season, which premiered in 2010. His departure is said to have come as a surprise to the producers of the show, but in the past they have stated that The Walking Dead is intentionally structured in such a way as to allow it to continue without him for multiple seasons.

Even though Reedus is in a prime negotiating position thanks to Lincoln's exit from the show, he appears to be taking the news of his departure with a fair amount of melancholy. He recently took to Instagram to post a caption-less photo of himself being hugged by Lincoln in mournful black and white — probably a more tasteful move than giant green dollar signs plastered over the photo.

The ninth season of The Walking Dead is set to hit AMC sometime next year.

Read more: Andrew Lincoln's Exit From 'The Walking Dead' Will Make Norman Reedus One Of The Highest Paid Actors On TV

Bill and Melinda Gates and Warren Buffett founded the Giving Pledge in 2010 with 40 members who pledged to give at least half of their personal wealth away to philanthropy during their lifetimes. Since then, 183 people from 22 countries have joined the pledge. Over the past year, 14 new people signed on for this philanthropic journey. The new members are from the U.S., Canada, the UAE, and India. The new members hail from finance, retail, technology, venture capital, and healthcare.

Warren Buffett issued a statement:

"Over the past eight years, we've been inspired by the dedicated philanthropists who have chosen to join the Giving Pledge, and this year's group is no exception. They are passionate about using their wealth to help reduce inequities and improve the lives of everyone in the world."

Buffett has a net worth of $75 and has given close to $32 billion to charity. Bill Gates is worth $90 and has given more than $35 billion to charity.

FREDERIC J. BROWN/AFP/Getty Images

Aneel and Allison Bhusri
Workday
United States
Aneel Bhursi is the cofounder of business software company Workday. His wife Allison is a founding partner in the venture capital fund Lemonade Capital. The Bhursis have a net worth of $1.8 billion.

David G. Booth
Dimensional Fund Advisors
United States
David Booth is the executive chairman of Dimensional Fund Advisors. The fund manages more than $570 billion. He has a net worth of $5 billion.

Charles Butt
H-E-B
United States
Charles Butt is the chairman and CEO of H-E-B, a grocery chain in Texas and New Mexico founded by his grandmother. He has a net worth of $11 billion.

Garrett Camp
Uber
Canada
Garrett Camp is the co-founder and chairman of Uber. He has a net worth of $6 billion.

Charles and Candy Ergen
DISH
United States
Charles Ergen co-founded DISH network and EchoStar. He is currently the chairman of both companies. He has a net worth of $17 billion.

Mario and Regina Gabelli
GAMCO
United States
Mario Gabelli is the founder, CEO, and chairman of the investment firm and mutual fund GAMCO. His wife Regina is the director of international marketing at the firm. He has a net worth of $1.86 billion.

Orion and Jackie Hindawi,
Tanium
United States
Orion Hindawi founded the security and systems management company Tanium with his father in 2007.

Reid Hoffman and Michelle Yee
LinkedIn
United States
Reid Hoffman co-founded LinkedIn in 2003. In 2016 he sold it for $26 billion cash to Microsoft. He has a net worth of $6 billion.

Badr Jafar and Razan Al Mubarak
Crescent Enterprises
United Arab Emirates
Badr Jafar is CEO of conglomerate Crescent Enterprises.

Richard and Melanie Lundquist
Continental Development Corp.
United States
The Lundquists co-own Continental Development Corp., a Southern California based commercial development company. They are also co-founders of the Partnership for Los Angeles Schools and have donated $50 million over the past decade (and pledged another $35 million for the next 10 years) to help transform schools in the LAUSD.

Nandan and Rohini Nilekani
Infosys
India
Nandan Nilekani founded the IT company Infosys in 1981. He left the company in 2009 but returned in 2017 after the CEO resigned. His wife founded Arghyam, a foundation dedicated to bringing sustainable water and sanitation to all of India. He has a net worth of $1.3 billion.

Ernest and Evelyn Rady
American Assets Trust
United States
Ernest Rady founded the real estate trust American Assets Trust in 1996. He is the president and CEO and also the chairman of the Insurance Company of the West.

Dr. B.R. Shetty and Dr. C.R. Shetty
NMC Health
United Arab Emirates
B.R. Shetty arrived in Abu Dhabi from India with $8 in his pocket in 1972. Two years later, he founded NMC Health. He has a net worth of $2 billion.

Shamsheer and Shabeena Vayalil
VPS Healthcare
United Arab Emirates and India  
Dr. Shamsheer Vayalil is the managing director of UAE-based VPS Healthcare, which he founded in 2007. Over the past 11 years, VPS has grown from one location to over 125 medical centers and 22 hospitals in four countries.

Read more: 14 More Billionaires Join The Giving Pledge

Traveling internationally can be a huge pain. You need your passport (and maybe a visa). You're dealing with foreign currencies. And maybe you have a bank or credit card that won't authorize a transaction unless you tell them you're going to be in a certain place on certain dates.

That last situation happened to recent Arizona State graduate Delilah Cassidy. Luckily, she had the great timing of an NFL player on her side.

Cassidy had visited Europe after graduating and was returning home to Arizona. On the day of her return, things went wrong almost immediately. First, she had a 3 a.m. wake up call in London…only to discover the train to the airport wasn't running. She made it to the airport three hours later after taking an Uber there, and her flight to Los Angeles was delayed. Finally, she arrived at LAX, with one more quick flight to Casa Grande.

Once Cassidy got to her gate, though, an American Airlines desk attendant told her she'd have to check her bag, since it was too big to carry on. She had purchased a basic economy ticket, which only allows one piece of carry-on luggage. Cassidy had a gym bag and a backpack, and though she tried to combine the two, her bag was still too big.

Ezra Shaw/Getty Images

Cassidy had to pay a $50 fee for her bag and could only use a credit card, not cash – only her card was declined because she hadn't let her bank know she was back in the U.S.

Hysterical, Cassidy pleaded with the gate agents to let her use cash to get home. At that time, a man walked up behind her, heard the situation, and offered to pay her baggage fee. He told her to have a great flight and got on the plane.

That man? Arizona Cardinals tight end Jermaine Gresham. Cassidy passed him in first class, still crying, and he gave her a hug. She offered to repay him in cash, but he told her to pay it forward instead.

Cassidy tweeted about the whole situation after finding her seat. An outpouring of support came back, with people saying how kind Gresham was.

Perhaps the most inspiring thing is that he's done random acts of kindness many times before. Other Twitter users quickly chimed in with their own interactions with Gresham: he paid for lunch for three homeless people and took them shopping for new clothes; he's paid for people's nails at a nail salon, and helped out a woman who was fumbling through her purse and seemed down on her luck by buying her bread, milk, and diapers.

As Cassidy tweeted: "My heart is so happy. There are good people in this world. Be that person for someone because I know after this I sure will be."

Jermaine Gresham is definitely one of those people. Check out a photo of the tight end and Cassidy (a Bears fan!) below:

Update: It was Jermaine Gresham. pic.twitter.com/aJ0bXoNm8Q

— Delilah Cassidy (@Delilah_Cassidy) May 30, 2018

Read more: Arizona Cardinals Tight End Jermaine Gresham Paid So A Student Could Make Her Flight

We woke up to the news that yet another beloved celebrity had committed suicide. Chef Anthony Bourdain, who taught us to love food and travel is dead by apparent suicide at the age of 61. Bourdain was found unresponsive in his hotel room in the Alsace region of eastern France by his great friend, French chef Eric Ripart. Bourdain leaves behind an 11-year-old daughter. He had a net worth of $16 million at the time of his death.

Bourdain was born in New York City in 1956. He grew up in New Jersey. He was a 1978 graduate of the Culinary Institute of America. He was a chef at several restaurants over the years, including many years as the executive chef at the celebrated French restaurant Brasserie Les Halles. A 1999 article called "Don't Eat Before Reading This," turned into his bestselling memoir, Kitchen Confidential: Adventures in the Culinary Underbelly.

Robin Marchant/Getty Images

After the release of Kitchen Confidential Bourdain found himself on a path to international fame, hosting a number of food and travel shows. Bourdain's first show was A Cook's Tour on the Food Network. That show produced 35 episodes in 2002 and 2003. In 2005, Bourdain began hosting Anthony Bourdain: No Reservations on the Travel Channel. That show ran until 2015. He also hosted The Layover from 2011-2013. In 2013, Bourdain took his talents to CNN to host Anthony Bourdain: Parts Unknown. The 11th season of Parts Unknown premiered last month.

Bourdain's love of food was born during a family vacation in France when he was young. His first taste of oyster from a fisherman started it all.

Bourdain has won a number of awards in his career. When he was accepting the Peabody award in 2013, he spoke about how he approached his work.

"We ask very simple questions: What makes you happy? What do you eat? What do you like to cook? And everywhere in the world we go and ask these very simple questions," he said, "we tend to get some really astonishing answers."

Rest in Peace Anthony Bourdain.

If you are thinking that the world is a better place without you in it, seek help. 1-800-273-8255 is the national suicide crisis hotline. People are there to listen. The world needs you. You matter. You are important. Even more importantly, talk to your friends. Talk to your family. Check in with them. If their "I'm fine, I'm just busy" doesn't sound quite right, push harder, ask the hard question, "Are you having suicidal thoughts?" You could make a world of difference. People who suffer from depression often don't want to "bother" their friends.

Read more: Anthony Bourdain Net Worth: How Much Was The Chef And TV Star Worth?

Ray Dalio founded Bridgewater Associates, the world's largest hedge fund. He recently sat down for a Reddit "Ask Me Anything" session and shared two key pieces of advice for investors and aspiring investors. For one thing, he believes investors should not solely focus on the hottest stocks and trends in investing – so basically, all of you eying cryptocurrencies and virtual reality – take a step back and think for a moment.

"First, know how to balance your portfolio so that you don't have any systematic bias toward bull or bear markets in anything. Second, don't make the mistake of thinking that investments that have been good over the past few years [will continue].  Rather than more expensive investments… think about how to rotate your portfolio to buy that which is cheap and sell that which is expensive."

Larry Busacca/Getty Images

Dalio also discussed the importance of building the relationships in your life. He wrote that those are more important than too much focus the pursuit of graduate degrees. Dalio doesn't believe you get enough value out of an MBA to justify the cost and delay to your career, but you do learn a lot from starting from the ground up. There is more value in those simple experiences. He also stressed that it is vital tomake sure to keep your connections to the people in your life.

"When I look back on my life and the various accomplishments I've made and impacts I've had, the most important source of happiness for me has been the wonderful relationships I've had."

Dalio also told a student how to get the most out of their college experience.

"Party like crazy and don't make the grades your highest priority. Make the friendships and your experiences most important."

Dalio's Bridgewater Associates manages about $160 billion in assets. He started the hedge fund out of his apartment in New York City in 1975. Ray Dalio has a net worth of $14 billion.

Read more: Ray Dalio Shares His Best Advice: Party Like Crazy

Summer is nearly here – can you feel it in the air? It's time for cookouts and baseball games and movies under the stars. Unless you're a billionaire of course. If you're a billionaire, your summer is filled with beach houses and mega yachts and glamourous trips to tropical locations. In this edition of the Billionaire Roundup, we're featuring a multi-millionaire as well as assorted billionaires. Stan Lee may "only" have a $50 million net worth but some drama went down at the 95-year-old's house recently that we need to tell you about. Warren Buffett raised a ton of money for a San Francisco charity, and finally, Rihanna seems to have split with her billionaire boyfriend.

Stan Lee Confronted At Gunpoint
Last week, the LAPD detained to men with guns outside of Marvel creator Stan Lee's house The men were making threats to Lee. A 911 call was made at 7:30pm on June 1^st. Lee was home at the time. One of the men reportedly confronted Lee demanding money.

A spokesperson for LAPD said:

"Officers were called to a property on the 9100 block of Oriole Way at 7.30pm after reports of an assault. It was claimed that a suspect had a gun and was threatening.Officers detained two individuals that matched the description and an investigation is ongoing. Three units are still on scene including officers and detectives."

The police said that one or both of the armed men had been hanging around Lee's Hollywood Hills home the day before. The men claimed Lee owed them money.

Noam Galai/Getty Images

Lunch With Warren Buffett Sells For $3.3 Million
Every year, billionaire investor Warren Buffett auctions off lunch with him to benefit charity. This year's winning bid ended up being $3.3 million. That bid is just short of the record bid of $3.46 million. The winner of the auction asked to remain anonymous.

Buffett has held the annual auction since 2000. Proceeds are donated to Glide, a San Francisco-based charity that funds projects addressing hunger, poverty, and homelessness. In today's insanely expensive San Francisco economy, Glide's services are needed more than ever.

The lunch with Buffett brings in more than 10% of Glide's annual operating budget.

The winner and seven of his or her friends get to have lunch with Buffett at Smith & Wollensky in New York City.

Rihanna Broke Up With Billionaire Boyfriend
Reports are surfacing that Rihanna broke up with her billionaire boyfriend, Saudi businessman Hassan Jameel. The couple dated for just over a year. She allegedly ended things because she "gets tired of men sometimes." Girl, I hear you!

Rihanna and Jameel have kept their relationship out of the public eye. The singer has never posted or said anything about him on social media. Even when they attend events together, such as the Grammy Awards, the arrive and leave separately so as not to be photographed together.

Whether this rumor is true or not remains to be seen. But I can get behind the alleged reasoning for the breakup.

Read more: Billionaire Roundup: Comic Book Heroes, Legendary Investor, And Umbrella-ella-ella

When Steve Finley was drafted by the Baltimore Orioles in 1987, he earned a $5,000 signing bonus and earned a paltry $600/month salary. But Finley had a pretty solid career in the long run. He spent 19 years in the big leagues, making two All-Star appearances, earning five Gold Glove awards, and winning a championship in 2001 with the Arizona Diamondbacks.

For his curtain call, Finley wants to help other players learn to take care of their finances – especially since most guys coming into the league are making a lot more than $5,000.

Finley serves as a financial adviser for Morgan Stanley and often meets with players even before they're drafted. And he has a handful of recommendations for those players. Some of these recommendations can be applied to anyone coming into some unexpected cash.

Christian Petersen/Getty Images

The first is getting a team assembled before you need it. Finley stresses the need for regular and transparent communication between athletes and their agent, accountant, and financial adviser. He also suggests building each of those relationships so athletes aren't relying on one person for their savings, investments, and tax preparation. That's an easy way to fall victim to a scam – which we've seen all too often with professional athletes.

Finley also recommends players come to the table ready to negotiate. Consider tax rates in different states or whether it's worth taking all of the money at once. Players often lose around half their salaries to taxes, and sometimes it's even more than that. Working with a CPA can limit what Uncle Sam takes.

Finley's last two rules are a bit more personal: limit spending and know when to say no. One of his teammates once spent $200,000 on a car just to impress a veteran teammate who told him he always had a fancy car on-call. The young player spent a huge portion of their salary just to fall for a prank. So many athletes go broke when their playing days are done. That situation can often be avoided by simply keeping spending in check.

Likewise, athletes have no shortage of friends, family, and sometimes complete strangers trying to shake them down for money. Finley tells players they should never accept a business deal in their first year. It's okay to say no.

The urge to go crazy after becoming a professional athlete is nothing new. But it's the athletes who take a step back and develop a strategy who will be successful in the long run.

Read more: Former Baseball Player Steve Finley Has Made A Second Career As A Financial Adviser

Have you heard the one about real estate prices in Hong Kong? A couple paid $433,000 on a single parking space, and flipped it for $760,000 just nine months later! It sounds like an admittedly not very funny joke, but actually it really happened, as reported by the South China Morning Post. 

The unnamed couple purchased a single parking spot at a luxury housing development called Ultima in September of 2017. As Sandia Lau, a director at Centaline Property Agency explains, the reason parking spaces are going for such high prices is because A: Parking is at a high premium, and B: Residents in places like Ultima have money to burn:

"The development is in a luxury residential area. The residents have a lot of cash and simply do not care about a few million dollars when a flat there costs about HK$100 million … Their convenience is more important."

The parking spot in question measures 16.4 x 8.2 feet, which means the spot's current value comes to about $5,600 per square foot. If you think that sounds like a lot, you're right even by Hong Kong real estate standards — it reportedly comes to about three times the average price per square foot in the notoriously pricey city.

TENGKU BAHAR/AFP/Getty Images

The sale makes Ultima the most expensive place on Earth to park, an accomplishment which can partly be traced to the decision to give the 527-unit complex just 370 car spaces, a situation that when combined with the factors above seems to have created the perfect environment for hyper-expensive parking spaces. Earlier this year, in April, one space was rented on a monthly basis at a rate of $1,274, making it the most expensive parking rental in the entire city.

It's all part of the skyrocketing Hong Kong real estate market, where records continue to fall almost on a regular basis.

Read more: Hong Kong Couple Makes $323,000 Profit On $433,000 Investment …On A Parking Space

Jessica Simpson alleges that two professional con men insinuated themselves into her family's life by befriending her father, Joe Simpson. The two men, Jeffrey Bowler and Bret Saxon, then allegedly conned the Simpsons out of $12 million. Bowler and Saxon also claim that they are owed money from the sale of a stake in her fashion brand. The two men met Joe Simpson randomly in Beverly Hills in 2010. In the court documents, Jessica said that she believes they purposely introduced themselves to her father; they had identified him as a target.

In 2014, Jessica was negotiating with Sequential Brands Group about purchasing a stake in her Jessica Simpson brand. Bowler and Saxon apparently learned about the discussions and attempted to make themselves a part of the sale.

Neilson Barnard/Getty Images

The con men contacted Joe and asked him to put them in touch with David Levin – Jessica's business manager. Jessica is accusing Saxon of then telling Levin that he'd connect him with an executive at Sequential.

Bowler claims that he made a deal with Joe Simpson for a finder's fee of 10% of the total deal if he could find a buyer for The Jessica Simpson Collection. He claims that he is the one who found the buyer that Jessica sold a majority stake in her business for $120 million in April 2015. Bowler claims he never received the finder's fee that Joe promised. He filed a lawsuit against Jessica Simpson demanding $12 million. Jessica and her family have been battling Bowler and Saxon in court for years. They adamantly deny that either man is owed any money from the sale of the Jessica Simpson brand.

In the new lawsuit, Jessica is counter-suing Bowler and Saxon and seeking unspecified damages.

Read more: Jessica Simpson Suing Con Men For Scamming Her Family Out Of $12 Million

We've warned you about the dangers of winning the lottery before. Here. And Here. And Here. And Here. But now, a new study has shown that the close neighbors of lottery winners are going broke at an alarming rate. The reason? Trying to keep up with the proverbial Joneses. The study was done in Canada and it found that neighbors spent more on gadgets, goods, speculative investments, and end up borrowing money before going bankrupt. What's even worse is the larger the dollar amount of a lottery winner in a small neighborhood, the more often individual bankruptcies in that neighborhood then happen.

A telltale sign that the neighbors of lottery winners have increased their spending is that they spend on things that everyone in the neighborhood could see, like cars. Neighbors who file for bankruptcy tend to have more high risk investments such as stocks rather than low risk investments like cash and insurance. Basically, these people were hoping to make a mint in the stock market to even things up with their newly wealthy neighbor.

CHRISTOPHE ARCHAMBAULT/AFP/Getty Images

The study focused on smaller winnings from $800 to $120,000 for a good reason. Those who won bigger jackpots move out of their neighborhoods. The study collected data on 7,337 lottery winners from 2004 to 2014 in one unnamed Canadian province. The focused on neighbors in the same zip code and found that a lotto win equal to the median annual income of $22,400 raised the neighborhood bankruptcy rate by 6.6%.

There is one bright spot in the study. People who filed for bankruptcy after their neighbors won to lottery showed no signs of turning to gambling to raise quick funds. The lesson is clear: trying to keep up with the Joneses will almost always lead to financial distress.

Read more: Study Shows Neighbors Of Lottery Winners Go Broke, Too