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How The Quandts Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $42.7 Billion

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We live in an era of truly incredible inequality: the middle class versus the billionaire class. The 25 richest families in the world have a combined net worth of $1.1 trillion. The Quandt family is the 8th wealthiest family in the world, with a combined $42.7 billion net worth. The Quandt family fortune began when Herbert Quandt turned BMW from a struggling car company into one of the largest luxury car companies in the world. When Harold died in 1982, Herbert left his entire fortune, including the majority ownership stake in BMW, to his daughter Susanne, his son Stefan and their mother Johanna.The family matriarch Johanna Quandt died in 2015. Her children Stefan Quandt and Susanne Klatten retain control of BMW. This family has some wild history and stories.

Let's start with Herbert. His father Guenther Quandt turned a family textile business that he inherited from his father Emil into one of the largest clothing manufacturers in Germany. He made military uniforms. When World War I was over, Guenther had a lot of cash, so he bought a company that made batteries, one that made sewing machines, a silverware manufacturer, and a large stake in the car company Daimler. When Guenther died in 1954, the Quandt group was a conglomerate of about 200 businesses. The Quandt group owned 30% of BMW. After Guenther's death, the Quandt Group was divided between his sons Herbert and Harald.

Stefan Quandt, Johanna Quandt , and Susanne Klatten (FRANK RUMPENHORST/AFP/Getty Images)

Herbert Quandt was close to selling BMW to Daimler-Benz (a company the family also had a stake in), but he changed his mind at the last minute and increased his stake in the ailing company to 50%. BMW already had the BMW 1500 in planning stages when Quandt took over. It's 1962 launch created a new segment in the car market. This model put BMW on the path to success.

Herbert married his third wife Johanna in 1960. She had been a secretary at BMW in the 1950s and eventually his personal assistant. The couple had two children Stefan and Susanne. When Hebert died in 1982, his stake in BMW was divided between his wife and two children. Susanne and Stefan serve on the board of BMW today and are among the richest people in Germany.

Speaking of Susanne…she was born April 28, 1962. After she finished high school, Susanne went to Frankfurt to study business and economics. While she was already a very wealthy young woman, Susanne didn't go the pampered heiress route. She kept at her education, taking courses in marketing and management at the University of Buckingham, and then getting an MBA from the IMD business school in Lausanne, Switzerland with a specialization in advertising.

Most of Susanne's knowledge and business savvy comes from the positions she held in the years following her schooling. Instead of becoming a typical trust fund baby, Susanne worked at an agency for two years in the early 80s before going on to the University of Buckingham. She also held a number of hands-on internships in her family's business empire.  In many cases of her employment, whether in a family owned company or not, she worked under the assumed name Susanne Kant so that she would not receive special treatment.

And so, it happened one day during the 1980s while Susanne "Kant" was working as a trainee at the BMW factory in Regensburg, Germany, that she met one of the company's engineers, Jan Klatten. The two instantly felt a connection and soon were going on dates. Jan had absolutely no idea Susanne Kant was anything other than a 20-something intern at BMW. He had absolutely no clue that she was an extremely wealthy heiress. Not only that, but as one of the three majority owners of BMW, technically speaking, Susanne was Jan's boss', boss', boss', boss', boss.

As the two got to know each other better and began dating exclusively, Susanne continued using a fake name because, in her own words: "I wanted to find out if he really loved me." Susanne and Jan married in 1990. She didn't reveal her true identity until after Jan proposed.

In 1993, Susanne joined the board of Altana, a pharmaceutical and chemicals manufacturer that she personally owns 50.1% of. She is credited with transforming the company into a world-class corporation with $2-4 billion in annual revenue today. In 2009, she bought up all the outstanding shares of Altana that she didn't already own.

Susanne Klatten leads a very private life. She is rarely interviewed and almost never seen in public. When she was 16 years old, she was nearly kidnapped and there is speculation that this event is directly responsible for her need to live an exceptionally private life.  Consequently, not much is known of her personal life except that she, her husband, and three children live in Munich.

Read more: How The Quandts Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $42.7 Billion


How Much Money Does Lin-Manuel Miranda Make Off Hamilton?

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Hamilton has turned into a juggernaut. From its long running Broadway home to its runs in Los Angeles, Chicago, San Francisco, Las Vegas, London, and beyond, the musical from Lin Manuel Miranda has struck a cultural nerve with audiences from coast to coast and across the pond over the past three years. Hamilton premiered at The Public Theatre on January 20, 2015. No one could have known, least of all the theatre's investors, just what a force of nature Lin Manuel Miranda's play would become. In fact, there was some fine print on the investors' agreement that warned backers it would probably be quite awhile before they saw a return on their investment. Typically, investors don't see much money unless the show has a successful Broadway run – and of course, it is impossible to predict that.

In hindsight, that warning was hilarious. Hamilton became (and still is) the hottest ticket on Broadway in recent memory. It has won a slew of awards. In 2016 alone it received 16 Tony nominations and won 11 including Best Musical and Best Original Score. It also won the 2016 Grammy for Best Musical Theatre Album and the Pulitzer Prize for drama. Shows are sold out everywhere it is playing.

Bryan Bedder/Getty Images

This made us wonder, who's raking in all that Hamilton cash, and how much is Lin Manuel Miranda, who wrong the music, lyrics, and book, making off of his baby??

Let's talk the first year-ish of the Broadway run. Hamilton grosses about $1.5 million a week in ticket sales. Of that, 40% is paid in rent to the Richard Rodgers Theatre, salaries, and other expenses. Hamilton also spent $100,000 a week on advertising and promotion during previews. What's left is $900,000, before royalties are paid.

The Public Theatre gets a weekly royalty of 1% of the adjusted box office gross. Lin Manuel Miranda – as the musical's sole author, gets a 7% cut. That works out to about $105,000 a week in royalties. Oh, and that's on top of the salary he received when he was starring as Alexander Hamilton in the play. Miranda does have to pay author Ron Chernow, whose biography of Hamilton served as Miranda's source material. This comes right out of the money Miranda receives for Hamilton.

It is unusual for shows to pay weekly royalties on gross these days. Usually, they choose to pay a rate based on a share of net weekly operating profits. And in fact, Hamilton's operating agreement laid out an option of paying Miranda 18.15% of the operating profit. However, due to the massive success of the musical, that would have made his weekly royalty payment about $160,000.

After the royalties are paid, the remainder goes to the investors until their $12.5 million investment is recouped. That happened in the spring of 2016, just five weeks into Hamilton's Broadway run.

Once the investors reach recoupment, Miranda started collecting 3% of the net profit on top of his weekly royalty. When Hamilton expanded to other cities, licensing fees apply. Oh, and let's also not forget the Hamilton cast recording, the profits of which Miranda splits with the label, music publishers, and the album's producers.

Basically, Lin Manuel Miranda is going to cash in on Hamilton for many, many, many years. Don't forget, every time a regional theatre or high school wants to do the show, he'll get paid. The sources of income for Miranda from Hamilton are nearly endless. And when Hollywood comes running for the film adaptation, well, cha-ching.

Read more: How Much Money Does Lin-Manuel Miranda Make Off Hamilton?

SurveyMonkey's Stock Surges, Sheryl Sandberg Plans To Donate Proceeds

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Sheryl Sandberg, COO of Facebook and reported holder of approximately 10.3 million shares in SurveyMonkey's parent company SVMK, was already planning to donate her stake in the latter company to charity. Specifically, to her Sheryl Sandberg and Dave Goldberg Family Foundation. She pledged to donate her share earlier this year, and a recent CNN Money report points out that the company's recent stock surge makes the value of that pledge even higher.

SurveyMonkey/SVMK's stock price at the beginning of the day on September 26th was $18.75, which represented an increase of 56 percent over the company's IPO debut. Then, the surged continued to as high as $20 a share. At that price, Sandberg's shares — the ones she's pledged to charity — are valued at some $206 million.

Sandberg is reportedly planning to donate either the proceeds from a sale of SurveyMonkey stock, or the shares themselves. But spokespeople representing her and her nonprofit organization LeanIn.Org declined to make a statement on which one of these it will be, or whether or not she's already sold any of the stock. But in any case, it's certainly not bad news for the Sheryl Sandberg and Dave Goldberg Family Foundation that SurveyMonkey is doing so well.

Sean Gallup/Getty Images

The Sheryl Sandberg and Dave Goldberg Family Foundation encompasses two "initiatives," the aforementioned LeanIn, which "empowers women to achieve their ambitions," and Option B, which purportedly "helps people build resilience and find meaning in the face of adversity."

Regardless of what precise form the donation takes, Sandberg's pledge is part of her overall commitment to the Giving Pledge, started by Bill & Melinda Gates and Warren Buffett as a way to encourage billionaires to give their wealth away over the course of their lifetimes.

Sheryl Sandberg is not the only notable figure affiliated with SurveyMonkey. The company's board also includes Brad Smith, the CEO of Intuit, as well as Serena Williams, both of whom are also shareholders.

Read more: SurveyMonkey's Stock Surges, Sheryl Sandberg Plans To Donate Proceeds

Prince Mohammed bin Salman, Fearing For His Safety, Hides Out On His Superyacht, Serene

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Saudi Arabian Crown Prince Mohammed bin Salman has become a somewhat controversial figure inside his home country thanks to his domestic and foreign policies. And you can probably take out the "somewhat" from that last sentence, because according to a recent column by the Brookings Institution's Intelligence Project director Bruce Riedel, Prince Mohammed has become so afraid for his own security that he's been spending more and more time aboard his own private superyacht, Serene:

"Fearing for his security, the crown prince is said to spend many nights on his half-billion-dollar yacht moored in Jeddah. It's a floating palace longer than a football field and with many perks. It is also a potential escape hatch."

So as boats go, Serene isn't a bad place to spend the night. Prince Mohammed spent some half a billion dollars on the craft, which measures 440 feet long. It includes not one, not two, but three swimming pools, as well as two helipads and an indoor rock climbing wall. It has a fully equipped spa, and below decks there's an underwater observation deck that reportedly has enough space to accommodate a small submarine, should that somehow ever be necessary. As if that all weren't enough, the craft also has a fairly nifty record to its name on the books: It's by current measure the 15th-largest yacht on the planet.

FAYEZ NURELDINE/AFP/Getty Images

As the story goes, he picked it up while on vacation in the south of France, purchasing it from a Russian billionaire on the same day he laid eyes on it for the first time.

It's somewhat ironic that Prince Mohammed would seek refuge on board Serene, since the superyacht itself is something of a flashpoint to the crown prince's unpopular policies. The $500 million purchase was made as he pushed for extreme austerity measures for Saudi Arabia's economy.

Read more: Prince Mohammed bin Salman, Fearing For His Safety, Hides Out On His Superyacht, Serene

How The Ferrero Family Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $22.9 Billion

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We live in an era of truly incredible wealth and vast inequality between the richest billionaires and every day middle class people. The 25 richest families in the world have a combined net worth of $1.1 trillion. The Ferrero family is the 25th wealthiest family in the world, with a combined $22.9 billion net worth. Many billionaires inherit their fortunes or make their fortunes in decidedly unsexy businesses. That's not the case with Italy's Ferrero family. Their $22.9 billion net worth comes from the family business—Ferrero SpA—makers of Nutella and a slew of other sweet treats.

Pietro Ferrero was a pastry chef born in Italy in 1898. He ran a confectionary shop with his wife Piera. The couple's son, Michele, was born in 1925. As the saying goes, necessity is the mother of invention and this was certainly the case for the Ferrero family. There was cocoa rationing in Italy during World War II, making chocolate extremely hard to obtain. This put the Ferrero's confectionery shop in a rough place. Then Pietro had an idea. In order to stretch his limited supply of cocoa and make it last he began cutting his chocolate products with hazelnuts. This nut was plentiful in northwestern Italy, and as such, pretty easy to get ahold of. The chocolate-hazelnut product was tasty, but the texture wasn't quite right. The early versions of the hazelnut chocolate cream had a more solid texture—like a loaf of bread, rather than what it is today—something you'd spread on bread. It took a little time, but eventually Pietro was able to manipulate his recipe so that it would have a creamier texture.

MARCO BERTORELLO/AFP/Getty Images

The locals in town absolutely loved Pietro's new creation, so he and his brother Giovanni founded Ferrero SpA. Before long, the Ferrero brothers had transformed their small Northern Italy pastry shop into a confectionery factory. Giovanni built the company's sales network and is credited with establishing the company's global reach and distribution capabilities. Pietro died in 1949 and his son Michelle took over the family candy empire.

In 1963, Michele rebranded his father's hazelnut chocolate cream Nutella throughout Europe. It was an immediate hit. Several years later, Michele launched the Kinder Chocolate line. Known as the "Kinder Surprise," each chocolate has a small toy inside of it. Under Michele Ferrero's leadership, Ferrero SpA introduced many new products and lines, including Ferrero Rocher, Mon Cheri, and Tic Tac.

Today Ferrero SpA is the world's second-largest chocolate maker, with more than 30 brands under its umbrella. In 2016, the company reported revenues of more than $12 billion.

In 1997, Michele transferred operating control of the company to his two sons–they are aptly named Pietro and Giovanni. In 2011, Giovanni (the son, not the uncle) was named sole CEO, after his brother Pietro died in a bicycle accident in South Africa, reportedly caused by a heart attack.

In January 2018, it was announced that Ferrero was buying Nestlé's American confectionery business for $2.9 billion.

Michele's son Giovanni is the Executive Chairman of Ferraro SpA, focusing on long term strategy. As of September 2017, Lapo Civiletti is the first non-family CEO in the history of the company.

Ferrero SpA remains a private company that is 100% owned by the Ferrero family. The company has more than 70 affiliated companies, with 15 production plants and more than 33,000 employees worldwide. For every 100 hazelnuts grown on earth, 15 of them will end up in a Ferrero product. Despite its size, the company and its owners are known for being very secretive and private people. They are so private in fact, like many other billionaire families, they are rarely seen in public.

Michele Ferrero was the richest person in Italy until his death in 2015.

Read more: How The Ferrero Family Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $22.9 Billion

Details About Billionaire Richard Liu's Arrest For Rape Revealed

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Recently, Chinese billionaire Richard Liu was arrested in Minneapolis on allegations of rape. Now, details are emerging about what went down on August 31st. Liu allegedly was at the apartment of a 21-year-old Chinese student at the University of Minnesota.  When he left her apartment in the middle of the night she sent a friend a WeChat message. She told her friend that Liu had forced her to have sex with him.

"I was not willing," she wrote around 2am on August 31st. She begged her friend not to call the police and wrote "Tomorrow I will think of a way to escape. He will suppress it. You underestimate his power."

The WeChat messages were verified by the unnamed woman's attorney.

According to a police report, Liu was arrested later that day and released without being charged. He has denied any wrongdoing. He has agreed to cooperate with the ongoing investigation by Minneapolis police. He has returned to China.

Lintao Zhang/Getty Images

A spokesperson for JD.com, the company Liu founded in 1998 with $2000, has said that as more information comes out, these WeChat messages will prove to not be the full story.

The police department has given the findings of its investigation to local prosecutors for them to determine whether charges should be brought against Liu.

Liu was in Minneapolis to attend a business doctoral program that is run jointly by the University of Minnesota and China's Tsinghua University. The program is for high level executives from China. Liu had a dinner party for about 24 people, 20 of whom were men, at a Japanese restaurant called Origami Uptown in Minneapolis. Wine, beer, and sake was consumed freely according to reports from restaurant staff and closed circuit video footage.

Liu ordered sashimi by pointing his finger at the first item on the menu and dragging it all the way down the list to indicate he wanted everything. At least one case of wine was brought in from outside the restaurant to drink with dinner.

The woman Liu allegedly raped told a friend in one of the WeChat messages that she felt like she had to drink. She wrote, "It was a trap. I was really drunk."

The party ended around 9:30pm. Liu's bill came to $2200.

Liu and the woman headed to a house together and then he pulled her into his chauffeured car. In a WeChat message she said that Liu "started to touch me in the car. Then I begged him not to…but he did not listen."

Liu and the woman ended up back at her apartment. The police report indicates that the alleged rape happened around 1am. The woman reached out to another student who called the police.

The police arrived at her apartment while Liu was still there. No arrests were made. The woman declined to press charges in Liu's presence. Late, in a WeChat message, she said

"If it was just me, I could commit suicide immediately. But I'm afraid that my parents will suffer."

She also wrote to a friend that she had told a number of people about what happened, including the police, a professor, and a few friends. She went to the hospital to have a rape kit done.

At 9pm on the night of August 31st, police were called to a University of Minnesota office via an emergency call. The woman was there with school representative. She accused Liu of raping her. Liu arrived at the same university office a couple of hours later while the police were still there. He was handcuffed and showed no emotion. He was released about 17 hours later. Minneapolis police can only hold a person for 36 hours without charging them.

Within days, Liu was back in China. There is no extradition treaty between China and the United States.

Read more: Details About Billionaire Richard Liu's Arrest For Rape Revealed

How The Thomson Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $30.9 Billion

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We live in an era of truly incredible wealth and vast inequality between the richest billionaires and every day middle class people. The 25 richest families in the world have a combined net worth of $1.1 trillion. The Thomson family is the 18th wealthiest family in the world, with a combined $30.9 billion net worth. The Thomson family was put on the road to great wealth by Roy Thomson, 1st Baron Thomson of Fleet. In 1934, Roy acquired a newspaper in Ontario, Canada. He put a down payment of $200 on the Timmins Daily Press. Almost immediately, he began expanding, buying up newspapers and radio stations in Ontario.

By the early 1950s Thomson was the owner of 19 newspapers and was the president of the Canadian Daily Newspaper Publisher's Association. He also started the Canadian Weekly Review to cater to Canadians living in the U.K. In 1952, Thomson moved to Edinburgh, Scotland and bought The Scotsman newspaper. In 1957, he bought Scottish Television, which he was known to describe as a "permit to print money." In 1959 he acquired the Kemsley Group, the largest group of newspapers in the U.K., which included The Sunday Times.

Photo via Flickr user ZHI JI/Wikimedia Commons

Over the years, Roy Thomson expanded his media empire to more than 200 newspapers in Canada, the U.S., and the U.K. The Thomson Organization has interests in publishing, printing, television, and travel.

In the 1970s, Thomson and J. Paul Getty became part of a consortium that struck oil in the North Sea.

Roy Thomson died in London in 1976. Prior to his death, Thomson laid out a detailed succession plan for his heirs in the 1970s. At that time, he anointed his grandson David (over his sister Taylor or brother Peter), as his son Kenneth's eventual successor and David's son as Kenneth's successor. It was his intention to instill in his heirs a good work ethic and appreciation for responsibility.

David Thomson took over as chairman of the Thomson Corporation following his father Kenneth's death in 2006. In 2008, David led the acquisition of Reuters to form the merged conglomerate Thomson Reuters. Thomson is also chairman of Canada's Globe and Mail newspaper. The family's outside investments are owned by closely held investment company called Woodbridge, which Thomson controls with his brother Peter. In addition to Thomason Reuters, Woodbridge owns stake in IHS, an analytics firm and Strategic Hotels and Resorts. The Thomson's earn more than $3 billion in cash dividends from public holdings every five years.

Thomson's career has largely been spent in companies owned or controlled by his family. In the 1980s, Thomson sold socks at his family's Hudson Bay store. He managed The Bay store at Cloverdale Mall in Toronto suburb Etobicoke and was the President of Zellers before all of those stores closed in 2012. Thomson founded real estate firm Osmington Incorporated, which operated outside of the Thomson conglomerate. Osmington is a partner in True North Sports and Entertainment, the entity that owns the NHL's Winnipeg Jets.

Thomson, who lives in Toronto, is a patron of the Art Gallery of Ontario. He is an art collector who is rumored to own pieces by Pablo Picasso. He has the world's largest collection of the work of John Constable. Like many of the billionaires from the world's richest families, Thomson rarely gives interviews, maintains a low public profile, and when he is quoted in the media, it is often a negative comment about the business world.

Read more: How The Thomson Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $30.9 Billion

Billionaire Roman Abramovich Selling Chelsea FC In An Attempt To Protect It From Sanctions

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Russian oligarch and billionaire Roman Abramovich is selling his beloved UK Premier league football club Chelsea and he is reportedly seeking $5.5 billion. He's already turned down an offer for $2.3 billion according to sources. Reportedly, Abramovich is not happy about selling the team, but he feels backed into a corner. Abramovich is restructuring his most valuable assets to shield them from potential sanctions from the United States.

Abramovich has reason to be worried. Earlier this year the U.S. Department of the Treasury released a list of 210 wealthy Russians believed to have ties to Vladimir Putin and/or the Kremlin. The list includes Kremlin officials and oligarchs who the U.S. government believes may have been involved in election meddling in the United States. Roman Abramovich appears on this list,

GLYN KIRK/AFP/Getty Images

Last month, he cut his stake in Crispian Investments. That firm holds a stake in the Russian metals giant Norlisk Nickel so he holds less than 50% of it. Officially, Abramovich's stake is now 49.95%. Another one of his assets, metals and mining company Evraz also changed its shareholder structure by dissolving the Cyprus based tax shelter Lanebook Ltd that held 62.74% of Evraz. Abramovich now indirectly controls 30.52% of Evraz. The company has large operations in the U.S. and Canada, with 20% of Evraz's revenues coming from North America.

Abramovich purchased Chelsea for $233 million in 2003. Today, the club is worth more than $1.7 billion. Previously, he served in Russia's parliament and as a provincial governor.

Read more: Billionaire Roman Abramovich Selling Chelsea FC In An Attempt To Protect It From Sanctions


Fan Bingbing Was Suing Chinese Billionaire When She Disappeared

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Chinese actress Fan Bingbing has not been seen or heard from since early July and despite the government saying she's "under control," her fans and friends are quite concerned. Now, it has been revealed that she was suing Chinese billionaire Guo Wengui when she disappeared. She was suing Wengui because he made a video and posted it to YouTube claiming that Bingbing was having an affair with Wang Qishan, the Chinese Vice President.

Bingbing disappeared shortly after she was accused of tax evasion. Her attorney claimed that they filed the lawsuit in New York in July 2017. He also said that he has not heard anything from Bingbing or her representatives in China since April.

Guo Wengui is a Chinese billionaire real estate mogul who is living in self imposed exile in Manhattan. Lately, he has been causing trouble for China's government and the government's censor warned that there would be serious consequences for any media coverage of him that was not pre-authorized by the Chinese government.

Pascal Le Segretain/Getty Images

Last year, Guo accused high ranking members of China's Communist Party of corruption during a live interview with Voice of America, a Mandarin-language, U.S. government funded media outlet. The interview was live streamed and was planned to run for three hours. The video was stopped after just 80 minutes as Guo began talking about Wang Qishan, the head of China's internal corruption division. Guo compared the relationship between Chinese business people and politicians to prostitution and he claimed to have evidence of this corruption.

Guo went on to publish at least two videos online that alleged that Fan had been having a long term affair with Wang in Beijing. Guo also accused Fan of getting a financial benefit from the affair and of pocketing bribes.

Fan's lawsuit called Guo's claims "unsupported, wild, and defamatory." She denies having any sexual relationship or adulterous affair with Wang. She has also denied being a part of any bribery scheme.

Guo believes that Fan disappeared because someone in the Chinese Communist Party was trying to attack Wang. According to Guo, the tax evasion accusations are a smokescreen. He told The Mail On Sunday:

"Firstly, someone is trying to use Fan Bingbing to get to Wang Qishan. Secondly, somebody wants to shut Fan up."

Read more: Fan Bingbing Was Suing Chinese Billionaire When She Disappeared

Rory Culkin Net Worth

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Rory Culkin net worth: Rory Culkin is an American actor who has a net worth of $1.5 million. Rory Culkin was born in New York City, New York in July 1989. He is the younger brother of actors Macaulay Culkin and Kieran Culkin and the nephew of Bonnie Bedelia. Rory Culkin has had recurring roles on the TV series The Job as Davey McNeil from 2001 to 2002, Waco as David Thibodeau in 2018, Sneaky Pete as Gavin from 2017 to 2018, and Castle Rock as Willie in 2018. Rory Culkin has starred in several films including The Good Son, Richie Rich, You Can Count on Me, Igby Goes Down, Signs, It Runs in the Family, Mean Creek, The Chumscrubber, Down in the Valley, The Zodiac, The Night Listener, Lymelife, Twelve, Chasing 3000, Scream 4, Hick, Electrick Children, Gabriel, Intruders, Jack Goes Home, Welcome to Willits, Columbus, The Song of Sway Lake, Bullet Head, Lords of Chaos, and more.

Read more: Rory Culkin Net Worth

Khabib Nurmagomedov Net Worth

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Khabib Nurmagomedov net worth, salary and career earnings: Khabib Nurmagomedov is a Russian mixed martial artist who has a net worth of $1 million. Khabib Nurmagomedov was born in Sildi, Russian SFSR, Soviet Union in September 1988. He competed as a welterweight from 2008 to 2011 and as a lightweight since 2012. Khabib Nurmagomedov made his professional MMA debut with a win in September 2008. He won the Pankration Atrium Cup Tournament in October 2008 and made his M-1 debut in 2009. Khabib Nurmagomedov made his UFC debut in January 2012 with a win over Kamal Shalorus. He defeated Edson Barboza in December 2017 in the Performance of the Night. Khabib Nurmagomedov won the vacant UFC Lightweight Championship by defeating Al Iaquinta in April 2018 to bring his record to 26-0. He is the first ever Russian born UFC champion and set a record for most takedowns in a single UFC fight at 21. His first title defense will take place against Conor McGregor in October 2018.

Read more: Khabib Nurmagomedov Net Worth

Daniel Sloss Net Worth

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Daniel Sloss net worth: Daniel Sloss is a Scottish comedian, actor, and writer who has a net worth of $2 million. Daniel Sloss was born in Kingston upon Thames, England in September 1990. He became popular while still a teenager. Sloss has appeared multiple times on the television series Conan. He has also appeared on episodes of the TV series Good News Week, Michael McIntyre's Comedy Roadshow, , The Rob Brydon Show, 8 Out of 10 Cats, Richard Bacon's Beer and Pizza Club, Argumental, Comedy Rocks with Jason Manford, Alexander Armstrong's Big Ask, BBC Comedy at the Fringe 2012, Russell Howard's Good News, Comedy World Cup, Set List: Stand Up Without a Net, The Late Late Show with Craig Ferguson, Sunday Night at the Palladium, Best Bits, Go 8 Bit, Robins, Roast Battle, and Daniel Sloss: Live Shows which are made up of DARK and Jigsaw and were released on Netflix in 2018.

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Angelica Panganiban Net Worth

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Angelica Panganiban net worth: Angelica Panganiban is a Filipino actress and comedian who has a net worth of $3 million. Angelica Panganiban was born in Payatas, Quezon City, Philippines in November 1986. One of her best-known roles came starring as Rubi Perez on the television series Rubi in 2010. In 2013 she starred as Rebecca del Sol, Serena Mirsaol, and Rosanna del Sol on the TV series Apoy sa dagat. She has also had recurring roles on the series Maalaala mo kaya from 1994 to 2017. Angelica Panganiban has starred in several films including Separada, Sarah… Ang Munting Prinsesa, Ang TV The Movie: The Adarna Adventure, Ama, Ina, Anak, Hanggang Kailan Kita Mamahalin?, Mila, Tabi Po, Jologs, Dayo, Ang Tanging Ina, Santa Santita, All About Love, White Lady, A Love Story, Manila, I Love You, Goodbye, Here Comes the Bride, Segunda Mano, Every Breath U Take, 24/7 in Love, One More Try, Beauty in the Bottle, That Thing Called Tadhana, The Unmarried Wife, and more.

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Anders Matthesen Net Worth

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Anders Matthesen net worth: Anders Matthesen is a Danish stand-up comedian, actor, and rapper who has a net worth of $6 million. Anders Matthesen was born in Copenhagen, Denmark in July 1975. As an actor he has starred on the television series Intermezzo in 1999, Casper & Mandrilaftalen in 1999, Perforama in 2002, Jul pa Vesterbro in 2003, and more. He has had many stand-up specials and released multiple albums. Anders Matthesen finished in second place at the 1993 Danish Stand-Up Championship. He has been featured through his comedy radio stories and creating many characters. He also wrote for the TV series Intermezzo in 1999. Anders Matthesen won Zulu Awards for Best Actor and Best Film for Sorte kugler in 2010 and has won Robert Festival Awards.

Read more: Anders Matthesen Net Worth

Trisha Paytas Net Worth

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Trisha Paytas net worth: Trisha Paytas is an American media personality, actress, recording artist, and entrepreneur who has a net worth of $4 million. Trisha Paytas was born in Riverside, California in May 1988. She worked as a stripper and an actress as an extra. Paytas has appeared in several music videos including for artists like Amy Winehouse and Eminem. She created her YouTube channel blindsundoll4mj in 2006 and has more than 4 million subscribers and 1 billion views. In 2006 she was a correspondent for the television series The Greg Behredent Show and in 2007 she was featured on the reality TV series Who Wants to Be a Superhero?. In 2017 Trisha Paytas competed on the reality series Celebrity Big Brother. She has released the albums Fat Chicks, Superficial Bitch, Under the Covers, Daddy Issues, Showtime, Warrior, and Chicken Fingers and Lipo. In 2010 she had a recurring role on the television series The Ultimate Man.

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Pat Shortt Net Worth

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Pat Shortt net worth: Pat Shortt is an Irish actor, comedian, writer, and entertainer who has a net worth of $2 million. Pat Shortt was born in Thurles, County Tipperary, Ireland in December 1967. As an actor he starred on the television series Killinaskully from 2003 to 2008. Shortt has had recurring roles on the TV series Father Ted as Tom from 1995 to 1996, The Fitz as Bobby in 2000, Mattie as Mattie Swyer from 2009 to 2011, and Smalltown as Tom in 2016. He has also appeared in several films including In the Name of the Father, Saltwater, Man About Dog, Roro O'Shea Was Here, Garage, Strength and Honour, Soul Boy, The Guard, Life's a Breeze, Calvary, Queen & Country, Song of the Sea, Twice Shy, The Flag, The Belly of the Whale, and more. Pat Shortt wrote and produced episodes of the TV series Mattie and Killinaskully. He won Best Actor awards at the Monte-Carlo Comedy Film Festival, the Irish Film and Television Awards, and the Evening Standard British Film Awards for Garage.

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Megan McKenna Net Worth

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Megan McKenna net worth: Megan McKenna is an English reality television personality and country music singer who has a net worth of $3 million. Megan McKenna was born in Essex, England in September 1992. She starred on the reality television series Ex on the Beach from 2015 to 2016 and then starred on the reality TV series Celebrity Big Brother in 2016. From 2010 to 2017 she starred on the reality series The Only Way Is Essex and in 2018 she starred on the reality television series Celebs on the Farm. She has also appeared in episodes of the TV series Celebrity Juice, There's Something About Megan, Good Morning Britain, Loose Women, and The Wright Stuff. As a singer she released her debut studio album High Heeled Shoes in 2017. Her single "High Heeled Shoes" reached #6 in Scotland and #9 on the UK Sales chart. She also had success with the single "Far Cry from Love".

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How The Ambani Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $43.4 Billion

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We live in an era of truly incredible wealth and vast inequality between the richest billionaires and every day middle class people. The 25 richest families in the world have a combined net worth of $1.1 trillion. The Ambani family is the 7th wealthiest family in the world with a combined $43.4 billion net worth. Mukesh Ambani is the richest person in India and he has certainly taken the reins his father left him and built one of the world's largest fortunes. Dhirubhai Ambani, father to Mukesh and Anil, worked at an oil company, gas station, and as a laborer in Yemen early in his career. He returned to India and founded Reliance Industries in 1957 as a spice importer and yarn firm. Today, Reliance Industries is one of the most profitable companies in India with interests in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

Mukesh Ambani is the eldest son of Dhirubhai and his wife Kokilaben Ambani. He was born in Yemen in 1957, the same year his father founded the company he now runs. Growing up, the Ambani family of six lived in a two bedroom apartment in a poor neighborhood that was what Americans would call a tenement. Once Reliance began to thrive, Dhirubhai moved his family to one of Mumbai's nicest neighborhoods.

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Mukesh attended the University of Mumbai for his BE in Chemical Engineering. He enrolled at Stanford for his MBA but dropped out in 1980 due to developments back at home. The PFY—that's polyester/filament/yarn industry in India had been opened up to the private sector. Dhirubhai applied for and was awarded the government's PFY license and asked his son to return home to help the company build a new polyester plant.

Mukesh was dispatched to a remote village in India during the early and mid 1980s. He lived in a trailer. He learned leadership skills. He realized it was important to listen to his employees and to know what was going on at every level of the business. Over the years, Reliance moved into petrochemicals, petroleum refining, telecommunications, entertainment, asset management and oil and gas exploration and became one of the largest publicly traded companies in India.

When Dhirubhai died without a will in 2002, a war broke out between Mukesh and his brother Anil. The fight would last several years until their mother intervened and encouraged a compromise. Anil got control of all of Reliance's telecommunications, asset management and entertainment interests. Mukesh was given the company's oil, textile and refining assets.

Under Mukesh, Reliance has grown beyond the oil and energy industries. The company opened a chain of about 700 grocery stores that sell food to tens of millions of India's citizens.

Mukesh Ambani created the company Jio Infocomm and spent $35 billion of Reliance's money to bring the first all 4G wireless network to India. Ambani has brought broadband to the villages and the countryside. Now a family in the Himalayan foothills who lives in a house built of mud and stone is able to order a refrigerator online. For someone in a village with no paved roads or indoor plumbing, Ambani's 4G network offers unlimited data for $2.10 a month.

This also gives 1.3 billion people access to global tech and ecommerce giants. This relatively simple act has upended the telecom industry in India and sent his competitors into a tailspin trying to keep up.

India has 390 million internet users, but that's only 28% of the population. For comparison, 88% of the United States is connected to the internet. The e-commerce market is expected to bring in $33 billion this year. That's three times what it was in 2015 but still less than 3% of the overall Indian retail market.

Even as Ambani steers his company into new arenas, he continues to nurture Reliance's dominance in its petrochemical, oil, gas and textile manufacturing businesses. In certain regions of India, Reliance's chain of grocery stores have inspired farmers to become more productive.

On the other hand, Mukesh definitely does not live like a pauper in the streets of Calcutta. The Ambani residence, which is named Antilia, is located on Mumbai's prestigious Altamount Road. Antilia is named after a mythical island in the Atlantic Ocean. The 550-foot, 27-story residential skyscraper reportedly cost $1 billion to build from the ground up. The 400,000 square foot home houses Mukesh, his wife, and their three children. The property is built on a 50,000 square foot plot in the southwest of Mumbai. The roof has landing space for three helicopters and six floors are reserved exclusively for 168 parking spaces. The house has a 50-seat movie theater, yoga studio, health club, spa, ballroom. Even though only six people live in the house, the building is staffed by more than 600 full-time employees

Ambani is a man who is proud of his Indian heritage, wants to lift his country out of poverty and does it all while running a multi-billion company.

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Conor McGregor's McGregor Sports and Entertainment Ltd Posts Over $400,000 In Losses

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Conor McGregor is doing pretty well financially, having collected, among other things, an $85 million paycheck after losing to Floyd Mayweather just last year, and plenty of lucrative sponsorships to his name. But his company, McGregor Sports and Entertainment Ltd., is in quite a different financial situation, having posted losses of more than $400,000 at the end of last year.

The company's accumulated losses for 2017 came to $416,282 in American dollars. It was started in 2014 to handle and maximize McGregor's earning potential, including registering trademarks associated with the fighter's own personal brand. McGregor's own name is a registered trademark, "The Mac Life," and the company attempted to trademark "Notorious" as well, an effort that went on to fail. Officially, the company's activities are listed as "other sporting activities," and 2017 was evidently not a great year for those activities, business-wise. It handles McGregor's own multimedia brand at TheMacLife.com, where fans can get the latest news on McGregor, as well as additional info on related topics like MMA fighting, health, fitness, and so on.

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According to The Irish Sun, McGregor Sports and Entertainment Ltd. was doing OK prior to 2017, with a 12-month period of profitable trading before its posted losses, which also resulted in the company's cash supply "decreas[ing] marginally," down to a reported $381,654.

By all accounts, the company's poor performance will have little tangible effect, if any, on McGregor himself despite his being the company's primary shareholder. McGregor's company's business woes aside, his main income source continues to be from fighting, and he's one of the highest paid professional athletes in the world right now. He also has his massive fame to fall back on in a pinch, having become a "social media powerhouse" according to social media company Hookit, with millions of followers on platforms like Facebook, Instagram, and Twitter. That kind of clout isn't worthless, and Hookit says that it's part of what makes him worth "tens of millions of dollars" to his various corporate sponsors.

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Who Was The First North American Athlete To Sign A Million-Dollar Contract?

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Nowadays, it's hard to find an athlete in one of the four major pro sports making less than a million dollars. In fact, the average salary for an NBA player this season will be more than $6.4 million. Star athletes get paid well, and for good reason. They bring in millions of dollars to their respective teams and sports.

It wasn't always so easy to stack up that cash. A player signing a $1 million deal would barely register today. In 1971, it was a huge deal.

That year, the Boston Bruins and Bobby Orr made history when they agreed to a five-year deal worth $1 million. The first million-dollar contract averaged out to $200,000 a year. Adjusted for inflation, Orr's deal would be worth about $6.1 million.

It's a little surprising that a hockey player would cash in the first million-dollar deal, considering some of the massive salaries NBA and MLB players have. Today, Alexander Ovechkin holds the richest NHL contract, a 13-year megadeal worth $124 million.

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That's nothing to sneeze at, of course, but it puts Ovechkin at the 74th-largest contract in sports history. If you really want to make the big bucks, baseball is your best bet.

MLB stars hold 28 of the top 32 largest contracts, in terms of monetary value. The New York Yankees' Giancarlo Stanton signed a 13-year, $325 million deal with the Miami Marlins back in 2014. It's the largest contract ever by total value and tied for the longest length.

From an annual perspective, Russell Westbrook's $41 million a year is tops in the four major sports. But Finnish Formula One racer Kimi Räikkönen tops him. Räikkönen signed a three-year, $153 million contract with Ferrari in 2007, averaging out to $51 million per year.

On a per-game basis, Jimmy Garoppolo is the highest-paid active player. Assuming he plays for the duration of his contract, he'll earn $1,718,750 per game. Garoppolo's recent season-ending knee injury makes that fact even more painful.

It's impressive to see how far pro sports contracts have come. And today's athletes have guys like Bobby Orr to thank for paving the way.

Read more: Who Was The First North American Athlete To Sign A Million-Dollar Contract?

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