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How Rich Would Steve Jobs Be At Apple's $1 Trillion Market Cap?

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Yesterday Apple became the first American company to break $1 trillion in market cap. At that level, Apple is worth more than Coca-Cola, Macy's, Lowe's, Wells Fargo, Fox, Marriott, General Motors, Hilton and Paypal COMBINED (with room leftover). Apple is worth twice as much as Disney and Bank of America together. Apple has $250 billion IN CASH sitting in accounts across the globe. It is truly a remarkable milestone that has only been achieved a handful of times in modern history. It's especially remarkable when you consider that Apple was on the verge of bankruptcy in 1997. But here's a question: How rich would the late Apple founder Steve Jobs be today at $1 trillion market cap?

At the time of his death in October 2011, he was worth $10.5 billion. On the day he died, a single share of Apple stock was trading around $54. When Apple broke the $1 trillion mark yesterday, its share price had topped $207.05. So by the power of simple math, his net worth today must have been roughly 4X what it was back in 2011, right? Well, actually no. Believe it or not, at the time of his death, the majority of Steve Jobs net worth had noting to do with Apple at all.

Some Really Brief History

Apple was founded by Steve Jobs, Steve Wozniak and a man named Ronald Wayne in 1976. They went public in 1980, hitting a $100 million market cap after the first day of trading. They topped $1 billion in annual revenue in 1982.

In 1983, Apple hired John Sculley, a more polished and experienced executive, to take over as CEO. Jobs and Sculley got along well for about a minute. By 1985, Steve had caused so much internal conflict and frustration that he was fired by the company's board.

At the time he was fired, Jobs was 30 years old and he owned 20% of Apple. Within days of being fired, he angrily sold off 99.99999% of his Apple shares in one fell swoop. To be precise, he sold all but ONE share. He kept that last share only so he could continue receiving the company's annual report. In total, the sale netted him around $100 million after taxes (that's around $230 million in today's dollars).

Amazingly, Jobs-less Apple actually surged in popularity and revenue for the next few years. And at the same time, Jobs went on to create a new rival computer company called NeXT using $7 million of his own money. Within a few months, Jobs poured an additional $25 million of his own money into NeXT. Unfortunately, after a year of operating, Jobs was extremely low on funds and the company had no product to show for its efforts.

Steve stuck to his guns, took on billionaire Ross Perot as an emergency investor and by 1994 the company was churning out a $1 million profit.

Meanwhile, over at Apple the good times did not last. John Sculley was ousted in 1993 as the company failed to come up with fresh ideas and their old product sales had stalled to almost nothing. At the end of 1996, the entire value of Apple was $3 billion. Oh, and the company actually LOST $867 million that year. They were literally teetering on the verge of bankruptcy.

The struggling company decided to make a big bet. In early 1997, they bought NeXT for $427 million in cash as a backdoor way of bringing Steve back to the company in some capacity. By September of 1997, Apple's board decided they wanted to bring Steve back on as CEO. Steve was open to the idea but he wanted one thing: EQUITY.

After some lengthy negotiations, Apple's board agreed to give Steve 5.5 million new shares of Apple which at the time were worth around $300 million.

When he died in 2011, Steve's Apple stake was a mere $2 billion of his $10.5 billion net worth. So where'd the other $8.5 billion come from?

SHAUN CURRY/AFP/Getty Images

DISNEY

At the time he died, Steve owned 138 million shares of Disney. How? Well, in addition to creating NeXT while he was on hiatus from Apple, Steve also created the movie studio Pixar which Disney acquired in 2006 for $7.4 billion in stock. Steve's portion was worth $3.5 billion.

So how rich would Steve be if he was still alive when Apple hit $1 trillion? 

As of this writing, Steve's widow Laurene Powell (who inherited his entire estate) owns 4% of Disney. Disney has a current market cap of $170 billion. So Laurene's Disney stake is worth $6.8 billion. But that's just HALF the story because in 2016 she sold 50% of her shares for $6.2 billion. Had she not sold, today her 138 million shares would be worth $15 billion.

Her 5.5 million shares of apple became 38.5 million shares in 2014 when the company did a 7-1 stock split. There are 4.8 billion total shares of Apple today, so 38.5 million is a little less than 0.80% of the company. At $207 per share, the Jobs family Apple stake is worth around $8 billion.

Add it together and if Steve Jobs was alive today, he'd be worth around $23 billion. That actually includes roughly $1.6 billion in dividends paid by both companies over the years. In comparison, $23 billion is not that impressive when looking at Bill Gates who is worth $90 billion and Jeff Bezos who is worth around $140 billion. But consider this:

Had Steve never been ousted from Apple back in 1985 and never dumped all of his shares out of anger, today his 20% stake in Apple would be worth $200 BILLION. Easily enough to make him the richest person on the planet by a mile AND one of the 10 richest human beings of all time.

Read more: How Rich Would Steve Jobs Be At Apple's $1 Trillion Market Cap?


Let's Pour One Out For Ronald Wayne – Apple's Forgotten Founder Who Once Owned 10% Of The Trillion Dollar Company

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As you no doubt have heard by now, Yesterday Apple's market cap topped $1 trillion for the first time when the company's share price broke $207.05. It's currently trading at $207.27. Apple is the first American company to be worth over $1 trillion. It's the first company in the last 150+ years to hit that milestone without being a state-owned oil company.

Over the years Apple has made a lot of investors A LOT of money. If the company maintains a $1 trillion+ market cap, CEO Tim Cook will earn a stock award bonus that will give him a net worth of $1 billion (up from $800 million). Heck, it's one of the best stocks I've ever personally owned. I bought Apple back in January 2017 at $123 a share, so I've gotten a 68% return on my (very humble) investment in a year and a half. Whenever we talk about the amazing success of Apple, it's a good idea to pour out a little liquor, send positive vibes and say a little prayer for a guy named Ronald Wayne. Ronald is Apple's long-forgotten third founder. At one time, he owned 10% of Apple. That 10% today would be worth $100,000,000,000.

A lot of people assume Steve Jobs and Steve Wozniak were the two founders of Apple. Actually, three men founded Apple back in 1976.

Justin Sullivan/Getty Images

In the early part of 1976, Steve Jobs was toiling away as a lowly technician at Atari while Steve Wozniak worked as an engineer for Hewlett-Packard. At some point early that year, Wozniak built the hardware, operating system and circuit boards for a very basic computer that he would eventually call the Apple 1. It was Jobs who actually suggested the name after returning from a fruit farm where he had subsisted on nothing but apples for more than 10 days straight.

One of Jobs' co-workers at Atari was a man 20 years his senior named Ronald Wayne. Jobs became particularly enamored with Wayne after learning that he had experience starting and running companies. Prior to becoming Atari's Chief Product Engineer, Wayne had run a handful of mildly successful companies in the slot machine industry. When it came time to launch Apple, Wayne was the perfect professional complement to the untested Wozniak and Jobs.

On April 1st, 1976 the Apple Computer Company was founded by Steve Jobs, Steve Wozniak and Ronald Wayne. In exchange for 10% of the company, Ronald was expected to draw up the partnership documents, write the very first Apple 1 manual and provide a general level of "adult supervision" for the young upstart. He also ended up designing the very first Apple corporate logo:

Ronald Wayne Apple

Original Apple Logo

Original Apple Contract

Original Apple Contract

Giving Up A Fortune

Amazingly, in 1982, just five years after launching the company, Apple earned over $1 billion. By then, both Jobs and Woz were each personally worth hundreds of millions of dollars.

But what happened to Ronald Wayne? He must have made millions as well, right? Wrong. Unfortunately, Ronald Wayne did not stick around long enough to see Apple soar to such great heights. In fact, just 12 days after forming the company with Woz and Jobs, Ronald decided to sell his entire stake back for the measly sum of $800. He ended up receiving an additional $1,500 a few months later that fully relinquished all his future claims against Apple.

$800 + $1,500 = $2,300. That's the same as around $10,000 today.

Ronald Wayne (Via Wikicommons/Daniel Kottke)

Why on earth did he sell his stake?

When Jobs, Wayne and Wozniak launched Apple, the type of partnership they formed would hold each founder personally liable for any debts incurred by the company or any of its members. In other words, Wayne could have been on the hook personally for any debts these crazy 20-year-old hippie computer nerds ran up. This may have been a valid concern at the time. Not only did Ronald Wayne already own several other companies and assets that he did not want to risk losing, but he also wasn't exactly confident that two kids with zero business experience, who made a new fangled gadget no one had ever heard of, had a chance in hell at being successful.

It's too bad he was so risk averse because today a 10% stake in Apple would be worth $100 BILLION. Enough to make Ronald Wayne the second richest person on the planet.

So what ended up happening to Ronald Wayne?

After getting paid out of Apple, he went back to work for Atari. He left Atari in 1978 to work at the Lawrence Livermore National Laboratory. He spent some time working for a small electronics company. He later owned a stamp shop. Over the years, Steve Jobs made a handful of attempts to bring Ronald back to Apple, but he resisted every time.

More recently, Ronald wrote a book about the constitution. For the last decade he has been retired and living in a mobile home in rural Nevada. He is not a billionaire. He is not a millionaire. He did not own a single Apple product his entire life until 2011, when a fan gave him a free iPad2 at a tech conference.

What would you have done if you were Ronald Wayne back in 1976? Think you could have had the guts to roll the dice?

Read more: Let's Pour One Out For Ronald Wayne – Apple's Forgotten Founder Who Once Owned 10% Of The Trillion Dollar Company

Kanye West Is Not A Billionaire. Let's Kill This Fake News Rumor Now Before It Spreads Even More!

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Over the last 48 hours, a ton of people have sent us links to stories that claim Kanye West is a billionaire. He's not. Please stop sending us this bogus fake news story that has telephone-gamed out of control. Kanye is very successful both in music and fashion with his Yeezy clothing line, and both endeavors earn him a ton of money each year. But billionaire? Nope. Nope. Nope.

This silly rumor can be traced back to a recent episode of Jimmy Kimmel where he was interviewing Kanye's wife, Kim Kardashian. Jimmy asked Kim about the (entirely made up) Forbes article that (falsely) claimed younger sister Kylie is a billionaire (she's not). Jimmy sheepishly asked Kim if she was a billionaire, to which Kim replied:

"I would say my husband is, so that makes me one, right? By proximity."

The correct phrase she was looking for was "by proxy"… but I digress.

Getty Images

So based on that one throw-away line on Kimmel, a thousand web sites have cranked out a thousand articles with headlines like, "Kanye West Is A Billionaire," giving no evidence at all. Some of the slightly more credible sites point to an article on TheBlast.com to back up their billionaire claims. That article on The Blast says, again without citation, that the Yeezy brand was recently valued at $1.5 billion "according to a source" and therefore Kanye is a billionaire.

So look: Just like with the Kylie situation, I'm not trying to be a hater. Clearly the Yeezy clothing brand is valuable. But if his deal with Adidas is like every other celebrity clothing partnership with a major brand that's ever been done, he does not actually OWN the Yeezy brand. If the deal ever fell apart, it's possible that Adidas would let him buy the brand from them, but that would be extremely costly. This is exactly what Roger Federer is currently trying to do with his RF brand and Nike right now.

The reality is that Adidas owns the Yeezy brand and simply pays Kanye West royalties. In fact, the whole reason Kanye ditched Nike back in 2013 was because he wasn't earning royalties. Adidas offered him a partnership in which they would pay him royalties, so he became an Adidas guy.

As a perfect example, Michael Jordan doesn't own the Jordan brand, Nike does. Michael gets paid royalties based on the sales and profits milestones. In a typical year, MJ earns $80 – $90 million in Jordan brand royalties.

When the CEO of Adidas was interviewed by CNBC in May 2018, here's what he said about the Yeezy brand:

"There is no doubt the Yeezy brand has a fundamental impact on our overall brand position, but in the bigger context of us being a $25 billion company, it's a small part of our company."

Note how he said "a small part of OUR COMPANY."

Here's what I think you'd learn if you had full transparent access to Adidas and Yeezy's books: I would wager that Yeezy does moderate overall sales. Probably less than $50 million in total sales ever year. There I said it. I know that's going to be an unpopular opinion. On the flip side, I think that Yeezy has been magic for Adidas' brand. Kanye West has done an amazing job making Adidas cool again.

I could be wrong and I'd be happy to be proven wrong, but I want to just throw some cold water on this rumor mill before it gets even more out of control. If you do trust Forbes, let me also point out that in their recent annual report of the highest-paid celebrities on the planet, Kanye did not make the cut (he was not in the top 100). In their 2017 report on the hip-hop's cash kings, they placed Kanye at #11 with earnings of $22 million. Could you assume that half of that came from music and the other half from Adidas? So in 2017 he theoretically earned $11 million in royalties from Adidas.

All I'm trying to say is there needs to be a little bit of skepticism before we all go around agreeing that Kanye West is a billionaire because Kim said so on Jimmy Kimmel. That's all. Until a serious financial new source like the Wall Street Journal does a deep dive on the revenue, costs, growth, royalties and ownership structure of Yeezy, I'm sticking by the statement that Kanye West is NOT a billionaire.

Read more: Kanye West Is Not A Billionaire. Let's Kill This Fake News Rumor Now Before It Spreads Even More!

Floyd Mayweather's Next Business Venture Will Look At Franchising Gyms Around The World

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Floyd Mayweather capped off his career with a perfect 50-0 mark. His final fight, against Conor McGregor last August, earned millions from merchandise, ticket sales, and pay-per-view buys. But Mayweather, always the businessman, isn't resting on his laurels.

He's turning to franchising gyms. Mayweather plans to license his name and training program. The boxer hopes to have a total of 500 gyms in the next three to five years, with half being outside of the United States. He also is developing a virtual reality training system.

Potential franchisees would pay $25,000 and give six percent of all income back to Mayweather. Then there are the gym costs, which range anywhere from $70,000 to $200,000 based on whether the gym already exists or needs to be completely built from the ground up.

Vivien Killilea/Getty Images Idol Roc

Mayweather's gyms will offer training sessions you'll find in other gyms, like boxing and speed and agility classes. But the VR potential is the real draw. Gym members can train with one of the best in a virtual environment. That just may help them get the results they need.

As for Mayweather, this is a foray into a new area of business. Franchising has always been an interest of his. Now he'll get to put it to the test.

If the results are anything like his boxing career, consider it a huge success.

Read more: Floyd Mayweather's Next Business Venture Will Look At Franchising Gyms Around The World

Pampered Pooch Enjoys $493,000 Mansion Built Just For Him

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Talk about a pampered pooch! I thought my dog was spoiled, but I'd better not tell her about Sylar, a four-year-old border collie in Beijing who enjoys his 13-acre mansion with a swimming pool and spa just for him. Zhou Tianxiao spend $493,000 to turn an abandoned warehouse into a pet paradise for his beloved dog. Zhou, 31, is a popular blogger who said that before he met Sylar, he had no one to live for.

Zhou's parents separated when he was a year old. His grandmother raised him. He dropped out of high school at 15 and started drinking heavily and spending his days in internet cafes playing video games. Four years ago he grew bored of video games and drinking, so he decided to get a dog. He'd never had a pet before. He started watching dog training videos on YouTube so that he would be a good pet owner. He taught Sylar all kinds of tricks and uploaded videos of his dog to the internet. Sylar went viral and became an internet celebrity with almost 800,000 followers. Things were great.

MARK RALSTON/AFP/Getty Images

And then, a Beijing law on dogs as pets forced Zhou to make a difficult decision. It is illegal to keep dogs taller than 1.1 foot in the city. People who violate this law would have their dogs confiscated and killed. Zhou could only take Sylar out for walks at 5am and 10pm to avoid getting caught. He moved to a small house in a Beijing suburb and continued to save up for a bigger place for Sylar.

Zhou opened a dog food and toy store on China's largest e-commerce platform. He sold nutritious Sylar-approved dog treats and offered tips for fellow pet owners. By 2017, he had saved enough money to move to a much bigger house. He found an abandoned warehouse and spent six months renovating it into a pet paradise. The home has 29 rooms with heat, air conditioning, and a personal backyard. The swimming pool is equipped with a fur filter to prevent clogging. Zhou is currently working on an indoor training track so that dog owners can train their dogs year round.

Zhou named Sylar after a character on the television show Heroes. He said:

"Just like parents who want to give their child the best things in life, I want to give Sylar the best things in life. Sylar is the best decision of my life and it's God's best gift to me. He saved me."

Read more: Pampered Pooch Enjoys $493,000 Mansion Built Just For Him

James Packer Quit His Jobs, Seeking Treatment For Depression

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Billionaire and former fiancé of Mariah Carey, James Packer, has resigned from the directorships of 22 companies in Australia over the past few weeks. He no longer is a board member of any company in his native country. Packer has nearly completely retreated from public business life. In March, he quit the board of Crown Resorts, citing mental health issues as the reason. He is the major shareholder of the casino company. At the time, a spokesman for Packer said that he would be stepping back from all commitments. It is believed that Packer was in treatment in the United States for depression and anxiety.

June 27thwas a particularly active day for Packer. He resigned from 20 companies that day. All in all, he's stepped back from 24 Australian company boards in 2018. Packer is one of the highest profile Australian businessmen. The 50-year-old is a household name, and, in fact, the Packer family has been a fixture in Australia's media industry for generations.

Scott Barbour/Getty Images

Packer has had a number of battles with depression. Back in the early 2000s, after the collapse of One-Tel, he retreated from the limelight in the midst of a breakdown. He also had a depressive episode after his divorce from his first wife and another one during the global financial crisis.

Packer's father, Kerry, inherited the family media business from his father Frank in 1974. Kerry Packer built the company into a television and publishing empire. James Packer sold that company a decade ago and turned his focus to the casino business. He left Crown Resorts after his high profile split from Mariah Carey. A year later, he rejoined the business.

Packer remains a director of the parent company of his empire, which lists the Bahamas as its home. He has a net worth of $3.7 billion.

Read more: James Packer Quit His Jobs, Seeking Treatment For Depression

LeBron James' Education Pledge Could End Up Costing Him $105 Million

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LeBron James' recently unveiled I Promise School in Akron, Ohio is one of the coolest acts of celebrity philanthropy in a very long time. But in addition to funding the school himself, by his 2015 pledge to send as many as 2,300 kids to college through the LeBron James Family Foundation alone could end up being a significant financial commitment, as a recent analysis shows it could end up costing as much as $105 million or even more, all told.

That figure comes from current tuition costs at the University of Akron, where every student who graduates with at least a 3.0 GPA from the I Promise School will be guaranteed a scholarship. Back in 2015, James explained his rationale for making such a generous pledge:

"It's the reason I do what I do. These students have big dreams, and I'm happy to do everything I can to help them get there. They're going to have to earn it, but I'm excited to see what these kids can accomplish knowing that college is in their futures."

Jason Miller/Getty Images

Right now, the I Promise School's first wave of students will be 240 at-risk third and fourth graders, with plans to expand to a student body with more than a thousand kids. A spokesman for LeBron James' foundation has said that the final cost of the pledge isn't possible to calculate now, since tuition rates fluctuate (usually in an upper direction), and also due to the fact that fewer than 2,300 kids might end up qualifying for the scholarship.

As of this writing, one year's worth of college at the University of Akron, tuition and associated fees included, comes to $11,466. Multiplied by a standard four-year degree, that reaches almost $46,000, and if you multiply that by 2,300 kids you get almost $105 million, for which the LeBron James Family Foundation could be on the hook. But it's obvious that it's worth it to James, and he has referred to the I Promise School as the most important thing he's done in his entire career.

Read more: LeBron James' Education Pledge Could End Up Costing Him $105 Million

Heiress Arrested In Connection With Sex Slave Cult Nxivm

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Seagram's heiress Clare Bronfman has been arrested on racketeering charges for her role in the sex cult Nxivm. She posted bail in the amount of $100 million and was allowed to go home, provided she wear an ankle monitor. She is the sixth member of Keith Raniere's cult to be arrested. Raniere and actress Allison Mack were arrested in May.

NXIVM offers courses and workshops aimed at improving self-fulfillment. According to its website, "NXIVM is a company whose mission is to raise human awareness, foster an ethical humanitarian civilization, and celebrate what it means to be human." Raniere is the only male in NXIVM. Members pay thousands of dollars to attend workshops with the cult leader. It was run like a multi-level marketing business for sex slaves.

Raniere allegedly blackmailed women into becoming sex slaves and then branded his initials into their skin. He was known within the cult as "Vanguard." Former members have said that he urged women to follow near starvation diets.

Jemal Countess/Getty Images

The New York Times reported a detailed description the initiation process for NXIVM's "secret sisterhood." Women would give their recruiters "collateral" in the form of naked photos of themselves and were told if they ever exposed the group, those photos would be released. New members were also restrained and forced to say "Master, please brand me, it would be an honor," before a symbol was cauterized into each woman's skin just below her hip.

The statement from the U.S. Attorney's Office said:

"Raniere and Bronfman participated in an identity theft conspiracy involving the use of credit card and banking information belonging to one of Raniere's sexual partners after her death in November 2016. Bronfman sent Raniere regular emails documenting expenses charged to the woman's credit card for Raniere's 'review and approval.' Those expenses included payments to a chiropractor for Raniere's benefit, as well as thousands of dollars' worth of clothing and shoe purchases for the mother of Raniere's child. Bronfman encouraged and induced the illegal entry into the United States of an alien for Bronfman's financial gain, engaging in international wire transfers to make it fraudulently appear that the victim had the financial resources to obtain an investor visa."

The six people indicted in connection with Nxivm are accused of identity theft, harboring of aliens for financial gain, extortion, forced labor, sex trafficking, money laundering, wire fraud and obstruction of justice. Bronfman is not accused of sex trafficking.

However, it was Bronfman and her sister Sara who helped draw Allison Mack into the group. Nxivm hoped that Mack would become the public face of the group and attract new members, much like Tom Cruise has done for Scientology.

Clare and Sara Bronfman poured about $150 million into Nxivm over the past 20 years. Clare is the youngest daughter of Edgar Bronfman, the former head of Seagram. The 39-year-old is a former equestrian show jumper who was ranked 12th in the country, and 80th in the world, at her peak.

She gave it all up though for Nxivm. In a statement defending Raniere last year, she said:

"I retired from a very successful career as a professional show-jumper because I wanted to do something more meaningful with my life. NXIVM is that. As I said, the programs help. I am happy, healthy and financially more successful than I have ever been."

Clare and Sara didn't just join and fund Nxivm, they also moved to upstate New York to become involved in teaching and training new members of the cult. The billionaire heiresses were able to use their connections to attract big name guests such as the Dalai Lama. He made an appearance at the group's headquarters after the sisters donated $1 million to him through the charitable organization they founded with Raniere, World Ethical Foundations Consortium.

Sara Bronfman has not been arrested.

Read more: Heiress Arrested In Connection With Sex Slave Cult Nxivm


Jeff Bezos' Parents Might Be Worth Billions

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These days Amazon founder Jeff Bezos often enjoys the title of world's richest person, so it's reasonable to guess that his parents are doing OK financially as well. But those who are aware of the history of the Amazon company, as well as Bezos' parents' philanthropic activity over the last several years, can make an educated guess that they're possibly sitting on a hidden fortune worth billions of dollars.

During a National Constitution Center event in 2015, Bezos' step-father Mike Bezos recalled how a generous investment from he and Jeff's mother Jackie back in 1995 allowed the company to eventually grow into the behemoth it is today. As he told it, Jeff made his pitch like this:

"I want you to know how risky this is, because I want to come home at dinner for Thanksgiving and I don't want you to be mad at me."

The elder Bezos put $245,573 into their son's new business. Their stake in Amazon hasn't been a matter of public record since 1999, but a clue to the fact that they still own much of their original stake can be found in their charitable donations of Amazon stock to their own Bezos Family Foundation. According to the nonprofit organization data site Guidestar, Jackie and Mike Bezos have donated a total of 595,027 Amazon shares to their own foundation between the years 2001 and 2016. The most recent of those gifts in 2016 was 25,000 shares, reportedly worth about $20 million when the gift was made. Assuming that the stock they haven't donated is still theirs, they would have 16.6 million shares of Amazon stock between them today.

MOLLY RILEY/AFP/Getty Images

That would make them owners of almost three and a half percent of the company, and the second-largest individual stockholders right behind their son. And the value of that stock? As of this writing, it would be about $30 billion. Not a bad return on a $245,000 investment, and more than enough to afford plenty of turkey on Thanksgiving.

Read more: Jeff Bezos' Parents Might Be Worth Billions

How Much Some Of The Biggest Stars In The World Make Per Instagram Post

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Instagram: Most people use it for free, but the big power players know that you don't even get out of bed unless there's a substantial paycheck involved. Some of the biggest stars in the world right now have leveraged their fame and influence into huge numbers of Instagram followers, and brands are willing to pay handsomely for exposure on that particular platform. Here, courtesy of Instagram scheduler site HopperHQ, is a list of some of those stars, and how much they are believed to make per sponsored Instagram post.

Kylie Jenner — $1,000,000 per post

Ari Perilstein/Getty Images

The highest-paid celebrity on Instagram right now is believed to be Kylie Jenner, who saw her per-post fee grow from around $400,000 last year to its current seven-figure home today.

Selena Gomez — $800,000 per post

Selena Gomez has an incredible 139 million followers on Instagram, and when she sends out a sponsored promotional post she's reportedly getting around $800,000 for it.

Cristiano Ronaldo — $750,000 per post

Juan Manuel Serrano Arce/Getty Images

Arguably the brightest soccer star in the world has Instagram to fall back on if somehow everything else in his career goes sour: $750,000 per post on the platform.

Kim Kardashian — $720,000 per post

She might have been surpassed by Kylie Jenner, but Kim Kardashian still wields plenty of power in the Instagram game, earning around $720,000 per sponsored Instagram post.

Beyoncé Knowles — $700,000 per post

Kevin Winter/Getty Images for Coachella

Beyoncé doesn't need a last name at her position in the pop pantheon, but if you want her to hawk your product on Instagram you'll need to pay a reported $700,000 to do it.

Dwayne "The Rock" Johnson — $650,000 per post

The Rock may not the biggest earner on this list, but his per-post fee doesn't include the seven-figure "social media fee" he gets to promote his own movies.

Justin Bieber — $630,000 per post

Noam Galai/Getty Images

Justin Bieber was one of the first artists to get huge on social media, and he still commands a healthy $630,000 fee on Instagram.

Neymar — $600,000 per post

Another big athlete on the list, Neymar doesn't quite get Ronaldo money on Instagram but he does OK for himself anyway.

Lionel Messi — $500,000 per post

The last athlete on the list is Lionel Messi, even down here on the lower end of this particular totem pole he still gets half a million bucks per post on Instagram.

Kendall Jenner — $500,000 per post

Lisa Maree Williams/Getty Images

It's not a competition, but if it were, Kendall Jenner would be losing to both Kylie Jenner and Kim Kardashian. She's still making $500,000 per Instagram post, though, and maybe her fee will go up in the future.

Read more: How Much Some Of The Biggest Stars In The World Make Per Instagram Post

Pamela Anderson Being Wooed By Billionaire Newspaper Magnate

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Pamela Anderson has been dating 32-year-old professional soccer player Adil Rami for about a year. In fact, the couple live together in France. However, there may be another guy in the picture. Russian-British billionaire newspaper magnate Evgeny Lebedev is said to be trying to win the Baywatch beauty's heart. He's  been trying to sweep her off her feet for years. Rami is out on the party circuit with his teammates celebrating their World Cup win. At 51, Anderson is over nightlife. Lebedev, 38, is the owner of the London Evening Standard and The Independent. He has been sending Anderson romantic texts, buying her art and flowers, and sending his private jet for her to use. He invites her to England and Italy.

Getty Images

Reportedly, Anderson's friends, including Julian Assange and director Luke Gilford, are trying to get the actress to leave Rami before things get too serious. Her inner circle reportedly thinks that Rami is a "manchild" who is too much like a number of Anderson's exes. He is jealous, and her friends worry that Pamela is turning down good film projects because of jealous men in her life. Rami is also controlling and her friends believe he is isolating her from them.

Pamela met Adil at the Monaco Grand Prix in May 2017. The Marseille-based athlete spoke little to no English when they met but Pamela described their relationship as having the right body language. She also said their relationship has solved her loneliness.

There could be trouble in paradise. Last week, Pamela unfollowed Rami on Instagram.

Read more: Pamela Anderson Being Wooed By Billionaire Newspaper Magnate

NASCAR CEO Brian France May Have Just Cost His Family Hundreds Of Millions Thanks To Hamptons DUI/Oxycodone Arrest

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A lot of people don't realize that, unlike the NFL, MLB, NBA and pretty much every other major sports organization on the planet, NASCAR is a privately-owned business controlled by ONE family. The France family. Bill France Sr. founded NASCAR back in 1948 and ran the organization until Bill Jr. took over in 1972. Bill Jr. steered NASCAR from 1972 until his retirement in 2000. Bill Jr's son Brian France has been CEO since 2003. Brian, who has a paper net worth of $1 billion, has arguably not been the best leader. Ratings are down, attendance is down and generally speaking NASCAR is at its lowest popularity point in the last few decades. Things have gotten so bad that the France family has actually been looking to sell the business. Unfortunately, thanks to an unfortunate incident out in the Hamptons over the weekend, Brian France may have just cost his family an enormous amount of money. Let me explain…

On Sunday evening at 7:30 pm, police in Sag Harbor, NY pulled over a 2017 Lexus. FYI, Sag Harbor is an extremely wealthy area of the Hamptons where stars like Billy Joel have houses that cost $50-100+ million. So, police pull this Lexus over for blowing through a stop sign. As it turns out, the driver of that Lexus is an extremely intoxicated Brian France. He reportedly "bombed" the field sobriety test and was found to have a blood alcohol level TWICE the legal limit. To make matters worse, police found oxycodone pills in his pocket for which he did not have a prescription.

Brian France mugshot

Brian was arrested and booked for DUI and criminal possession of a controlled substance in the 7th degree. During the arrest he reportedly tried to talk his way out of trouble by name dropping powerful friends including President Donald Trump. The name dropping did not work and Brian spent the night in jail.

Rusty Jarrett/Getty Images

When the dust cleared in the morning (today), Brian announced he was taking an indefinite leave of absence. He released the following statement:

"I apologize to our fans, our industry and my family for the impact of my actions Sunday night. Effective immediately, I will be taking an indefinite leave of absence from my position to focus on my personal affairs."

Effective immediately, Brian's uncle Jeff assumed control of NASCAR as Chairman and CEO.

Brian France's arrest could not come at a worse time for NASCAR and the France family. Back in May, the family began exploring a sale of NASCAR through investment bank Goldman Sachs. It was a tough sell even before today's arrest. There are essentially no more major stars in NASCAR, Millenials have not caught the NASCAR bug and people just seem to not have the attention for the sport anymore. This year's Daytona 500 was the lowest-rated broadcast in the sport's history. TV viewership is down 20-40% in most markets compared to 2016.

Over the past decade, three public companies that own tracks that host NASCAR races have reported a 54 percent decline in attendance revenue. Sponsors, an integral part of NASCAR, are also leaving. Sprint, Home Depot, and UPS are already gone, with Lowe's following suit after this year. Monster Energy signed a bargain $20 million deal to sponsor the main cars this year, though they're likely out after 2019. The previous sponsor was paying $75 million per year.

So what is NASCAR worth? 

As we mentioned earlier, around 20 France family members own 100% of NASCAR. During a divorce proceeding in 2005, Brian France was forced to disclose his net worth. The number he gave the court was $554 million, of which the vast majority was presumably the value of his stake in NASCAR. Today he is worth $1 billion. The family at large's net worth has previously been estimated at $5 billion. Essentially, most analysts at one time believed NASCAR was worth $5 billion. In 2017, Formula 1 sold for $8 billion, so it's a reasonable comp. But who would pay $5 billion for a company that is experiencing such a major downturn?

Then the CEO gets arrested for DUI and illegal drug possession.

ESPN writer Darren Rovell believes Brian's DUI cost the family a "couple hundred million":

Ouch. Something tells me that Brian France isn't going to have a lot of friendly faces staring back at him at Thanksgiving this year.

Read more: NASCAR CEO Brian France May Have Just Cost His Family Hundreds Of Millions Thanks To Hamptons DUI/Oxycodone Arrest

Alex Skolnick Net Worth

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Alex Skolnick net worth: Alex Skolnick is an American musician who has a net worth of $5 million. Alex Skolnick was born in Berkeley, California in September 1968. He is best known for being the lead guitarist in the heavy metal band Testament. The band formed in 1983 and released their debut studio album The Legacy in 1987. Testament has also released the albums The New Order in 1988, Practice What You Preach in 1989, Souls of Black in 1990, The Ritual in 1992, Low in 1994, Demonic in 1997, The Gathering in 1999, The Formation of Damnation in 2008, and Brotherhood of the Snake in 2016. Their album Dark Roots of Earth was released in 2012 and reached #4 in Finland and Germany. Alex Skolnick has also been featured on albums by Savatage, Michael Manring, Alex Skolnick Trio, Lamb of God, and more. He is one of the fastest guitar players in the world.

Read more: Alex Skolnick Net Worth

The Fat Jewish Net Worth

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The Fat Jewish net worth: The Fat Jewish is an American Instagram celebrity, writer, actor, model, and entrepreneur who has a net worth of $20 million. The Fat Jewish was born as Josh Ostrovsky in New York, New York in February 1982. He was part of the rap trio Team Facelift which formed in 2004 and released their only album Mixed Emotions in 2006. Fat Jewish formed a Major Lazer tribute band Major Behavior in 2016. He started his Instagram account TheFatJewish in 2009 and went viral in 2013. He has more than 10 million followers and was named one of The 30 Most Influential People on the Internet by Time magazine in 2014. The Fat Jewish authored the book Money Pizza Respect in 2015. He has appeared in films including Ben Banks, Zoolander 2, Status Update, and The American Meme. He has also appeared in music videos for The Chainsmokers, Dillon Francis, DNCE, and Charli XCX. He is a founder of a company called Swish Beverages which launched a wine label called White Girl Rosé, in 2015. He has since released a series of alcohol brands and in 2018, Annheuser-Busch InBev acquired a minority stake in the company.

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Lil Rel Howery Net Worth

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Lil Rel Howery net worth: Lil Rel Howery is an American actor and comedian who has a net worth of $2 million. Lil Rel Howery was born in Chicago, Illinois in December 1979. As an actor one of his best known roles came starring as Bobby Carmichael on the television series The Carmichael Show from 2015 to 2017. He has also starred on the TV series Lucas Bros Moving Co from 2014 to 2015, Friends of the People from 2014 to 2015, and Insecure in 2017. Lil Rel Howery has starred in the movies Get Out, Tag, and Uncle Drew. He hosted the TV series Acting Out in 2016. He won an MTV Movie + TV Award in 2017 for Best Comedic Performance for Get Out and a CinemaCon Award for Breakthrough Performer of the Year in 2018. Lil Rel Howery was nominated for two Black Reel Awards and an Image Award for Get Out in 2018.

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Rahzel Net Worth

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Rahzel net worth: Rahzel is an American rapper and beatboxer who has a net worth of $4 million. Rahzel was born in New York City, New York in October 1973. He has the ability to sing or rap while he beatboxs at the same time. He was a member of the group The Roots. The Roots formed in 1987 and Rahzel was a member from 1995 to 2001. He was featured on The Roots albums Do You Want More?!!!??! and The Roots Come Alive. Rahzel released the solo studio albums Make the Music 2000 in 1999 and Rahzel's Greatest Knock Outs in 2004. He has also been featured on albums by artists including Robyn, DJ Skribble, Erykah Badu, Rakim, Ben Harper, Everlast, Common, Sean Paul, Bjork, The Crystal Method, Ol' Dirty Bastard, The String Cheese Incident, and more. He won a Grammy Award for being featured on the album True Love by Toots and the Maytals.

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Charlotte Caffey Net Worth

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Charlotte Caffey net worth: Charlotte Caffey is an American musician and songwriter who has a net worth of $8 million. Charlotte Caffey was born in Santa Monica, California in October 1953. She is best known for being the guitarist in the band The Go-Go's. The band formed in 1978 and released their debut studio album Beauty and the Best in 1981 which reached #1 in the United States and #2 in Canada. The Go-Go's released the album Vacation in 1982 which reached #8 in the U.S. They also released the albums Talk Show in 1984 and God Bless The Go-Go's in 2001. Their most popular singles include "Out Lips Are Sealed", "We Got the Beat", and "Vacation". Caffey released the album Perfect View with The Graces. She has worked as a composer with several artists including Belinda Carlisle, Hole, The Bangles, and more. She has appeared on albums by The Specials, Jewel, and other artists.

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McDonald's Quietly Gave Away $25M In Aftermath Of 'Monopoly' Giveaway Scam

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The McDonald's Monopoly sweepstakes promotion is a good way to occupy your mind in between breaths while wolfing down a cheeseburger and fries, but a recent Daily Beast story reveals that the game has a fascinating history, one that includes an elaborate, decade-spanning inside job scam, as well as the burger chain deciding to give a total of $25 million to 70 randomly selected customers in order to compensate its consumers for the tainted rigged game.

It started when an ex-cop named Jerry Jacobson found himself with a deceptively important job. His position at Simon Marketing put him in charge of supervising the printing of those famous Monopoly stickers, including the extremely lucrative and elusive "winning" pieces. As he ended up telling investigators: "It was my responsibility to keep the integrity of the game and get those winners to the public."

Tim Boyle/Getty Images

The game started in 1987, and in 1989 Jacobson gave his step-brother a piece worth 25 grand. But that was only the beginning, and over the next 12 years Jacobson started a network in which he would provide confederates with winning pieces in exchange for a cut of the prize money. Players within this network won virtually every prize in the game up until 2001, when the hammer came down and more than 50 mail fraud and conspiracy convictions were handed down to individuals in the network, a motley crew of "mobsters, psychics, strip club owners, convicts, drug traffickers, and even a family of Mormons."

McDonald's wasn't found liable for the setup, but it pledged to help make things right to customers understandably miffed that the game had been rigged for so many years, first by giving away $10 million to 55 random Mickey D's diners.

That was a quick PR move only a couple weeks after news about the scam came out, but it wasn't enough. Later, in 2004, as part of its settlement with a class action lawsuit, McDonald's gave away another $15 million to 15 more randomly selected customers. McDonald's did this quietly and without any Monopoly trappings, since as two previous lawsuits indicated, holding another un-rigged giveaway would merely drive McDonalds' sales up again. So the decision was made to simply select a random McDonald's location and a random time of day, and award the million dollar prize to the first person to come through the door at the appointed time. One of the winners told The Oklahoman at the time that she was totally stunned by the unexpected greeting:

"I completely forgot I was in there for food. They finally had to ask me, 'So what do you want?' I didn't take it too seriously. I thought, 'There has to be a catch to this.'"

Sure beats running around scrambling for Monopoly pieces any day.

Altogether, that's $25 million given to a total of 70 McDonald's diners, 15 of whom were lucky enough to get the top $1 million prize.

Read more: McDonald's Quietly Gave Away $25M In Aftermath Of 'Monopoly' Giveaway Scam

Carmelo Anthony Made More Than $5 Million Per Day While He Was With The Atlanta Hawks

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The Carmelo Anthony-in-Oklahoma-City experiment lasted just one season, and it didn't end well. Anthony was inefficient offensively, subpar on defense, and refused to come off the bench, even though it made the most sense. This offseason, the Thunder traded Anthony to the Atlanta Hawks, getting guard Dennis Schröder from the Hawks and Timothé Luwawu-Cabarrot from the Philadelphia 76ers.

The trade was widely seen as a cost-cutting move for the Hawks, who dumped the salaries of both Schröder and Mike Muscala. After buying out Anthony's contract for about $25.5 million, the Hawks' long-term cap flexibility is looking good.

Anthony will now likely sign with the Houston Rockets for the veteran's minimum of $2.4 million. But don't feel too bad for the 10-time All-Star. Anthony made $5,094,000 PER DAY he was with the Hawks.

Ethan Miller/Getty Images

It's hard to beat that. Anthony's buyout with the Hawks was a little less than the $27.9 million he was set to make with the Thunder this season.

However, with the contract he's likely to receive from the Rockets, Anthony will make up that difference. He's just getting a larger chunk of money at once.

The 34-year-old Anthony waived his no-trade clause to allow the Thunder to trade him. He's also worked out with the Miami Heat, though expect him to sign with the Rockets.

While Anthony's days of signing huge contracts are over, this is one nice final hurrah.

Read more: Carmelo Anthony Made More Than $5 Million Per Day While He Was With The Atlanta Hawks

Def Leppard's Joe Elliott Says He Took Home Less Than $40 A Week In The Band's Early Days

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Rock stars like the ones in Def Leppard do not generally have a reputation of being money-savvy financial wizards (in fairness, not too many stock market geniuses can thrash out a halfway decent guitar solo either). But Def Leppard's lead singer Joe Elliott recently gave an interview to Reuters, and fans may be surprised to learn just how tight money was up until the band's truly big break in 1983. Says Elliott:

"Money was tight until about 1983. We had signed a record deal in '79, but that all that money went into running the band. We got about 30 quid a week, which wasn't even enough to buy stage clothes."

That translates to less than forty bucks a week, so the comment about clothes probably isn't an exaggeration. During this period, Def Leppard saw mild success opening for bigger bands across the country, and Elliott says if anyone was making money from the band during this time, it wasn't the band itself:

"All the profit from the shows went into getting a tour bus, so we never saw a penny."

Kevin Winter/Getty Images

Finally, in January, 1983, that big breakthrough that all musicians dream of came in the form of the record Pyromania, which took just three months to be officially certified platinum, and in October of that same year it had sold some six million copies. On the financial ramifications of this phase of the band's career, Elliott says that even then they weren't exactly rolling in dough like you might expect, because after paying off all their accumulated debt, they weren't even making medical school money:

"And when you spread that over seven years, it only worked out to a decent income, probably less than your average doctor. It was seven years of poverty and borrowing off our parents."

Fast forward to 2012, and Def Leppard began a public fight with their record label, Universal Music Group. According to CNBC, the band claimed they had been low-balled by Universal on that perennial subject for all such disputes, streaming royalties. Since an earlier contract gave the band the ability to prevent the label from releasing their music at all, this dispute lasted until this year, when in January a deal with Universal was finally reached and the Def Leppard catalog was made available to stream on all the major platforms, presumably with a mutually agreeable financial arrangement in the bargain.

And now, Joe Elliott has plenty of money to buy stage clothes, with a net worth of $70 million.

Read more: Def Leppard's Joe Elliott Says He Took Home Less Than $40 A Week In The Band's Early Days

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