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Mark Cuban Set A World Record In 1999 By Spending $40 Million Online

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Everybody with a credit card has at least one tale of possibly regrettable online shopping in their personal histories. But no one, literally no one, has spent more on an internet transaction than Mark Cuban did in 1999, as per Guinness World Records. Back then, Cuban made it into that hallowed record book by dropping $40 million on a Gulfstream V jet.

Cuban doesn't like to project a big-spender public image, but in an interview with, what else, Business Jet Traveler, he says the literally record-setting splurge was money well spent:

"Since I've owned the GV there are too many examples to count of how the airplane has helped me. Flying out after a late-night game to be at a meeting the next morning. Leaving a meeting to get home in time for my daughter's first daddy-daughter dance. It's part of my life that I can't be without … It means I have more hours in my day to spend with friends and family. It means I can get more work done. It means I can travel comfortably with my family. It's a life- and game-changer."

Kevork Djansezian/Getty Images

Cuban has since added several (less expensive) private jets to his personal fleet, and he says it's all an effort to conserve what he considers the most valuable resource of them all: Time. Cuban told Money last year that acquiring a private jet was something he calls "all-time goal … because the asset I value the most is time, and that bought me time."

Unfortunately, the Guinness World Records entry on Cuban's $40 million purchase doesn't include too many details, like what website he used to buy it, instead only that the jet "changed hands" in October of 1999, while Cuban was in Dallas. We're coming up on the 20 year anniversary of that momentous purchase, so maybe it's time for some other billionaire to try and break that record with a late night eBay purchase of their own.

Read more: Mark Cuban Set A World Record In 1999 By Spending $40 Million Online


Jameis Winston Net Worth

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Jameis Winston net worth, salary and career earnings: Jameis Winston is an American professional football player who has a net worth of $12 million. Jameis Winston was born in Bessemer, Alabama in January 1994. He is a quarterback who was Gatorade Player of the Year in Alabama at Hueytown High School. Winston played his college football at Florida State where he won the Heisman Trophy, BCS national championship, Walter Camp Award, Manning Award, Davey O'Brien Award, AP College Player of the Year award, Sporting News College Player of the Year award, and was a consensus All-American in 2013. He was drafted #1 overall by the Tampa Bay Buccaneers in the 2015 NFL Draft. In his first year he was selected to the Pro Bowl and named Pepsi NFL Rookie of the Year and selected to the PFWA All-Rookie Team. He also played baseball at Florida State. He signed a four-year deal with Tampa Bay in 2015 for $23.35 million with a $16.7 million signing bonus.

Read more: Jameis Winston Net Worth

Inna Net Worth

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Inna net worth: Inna is a Romanian singer and songwriter who has a net worth of $20 million. Inna was born in Mangalia, Romania in October 1986. She is known for being a singer in the EDM musical genre. Her debut studio album Hot was released in 2009. It reached #9 in France and was certified Platinum. Her album I Am the Club Rocker was released in 2011 and reached #8 in Mexico. Inna released the album Party Never Ends in 2013 which reached #10 in Mexico. She has also released the albums Inna in 2015 and Nirvana in 2017. Her debut single "Hot" reached #1 in Spain and Romania and she has also had success with the singles "Love", "Amazing", "Sun Is Up", and more. She became the first Romanian to win the Eurodanceweb Award in 2010 and she was named the highest paid Eastern European and Romanian artist in 2011. She has served as a coach on the Romanian reality TV series Vocea Romaniei Junior.

Read more: Inna Net Worth

Vontae Davis Net Worth

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Vontae Davis net worth: Vontae Davis is an American former professional football player who has a net worth of $19 million. Vontae Davis was born in Washington, D.C. in May 1988. He was a cornerback who played at Dunbar High School. Davis played his college football at Illinois where he was a first-team All-Big Ten selection in 2007 and 2008. He was drafted #25 overall by the Miami Dolphins in the 2009 NFL Draft and played for the Dolphins from 2009 to 2011. He played for the Indianapolis Colts from 2012 to 2017 and for the Buffalo Bills in 2018. Vontae Davis was selected to the Pro-Bowl in 2014 and 2015. He finished his career with 396 total tackles, 98 pass deflections, 22 interceptions, 4 forced fumbles, and 1 defensive touchdown. He made an unusual move retiring at halftime of the second game of the 2018 season. He had a one-year deal with Buffalo for $5 million with $3.5 million guaranteed. At the time of his abrupt retirement, Vontae had earned a little more than $50 million before taxes, lawyers, manager and agent fees.

Read more: Vontae Davis Net Worth

John-David Duggar Net Worth

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John-David Duggar net worth: John-David Duggar is an American reality television personality who has a net worth of $1 million. John-David Duggar was born in January 1990. He is best known for being a member of the Duggar family which has been featured on multiple reality TV series. John-David Duggar is the son of Jim Bob Duggar and Michelle Duggar and has several siblings. From 2008 to 2014 he starred on the reality TV series 17 Kids and Counting. From 2015 to 2018 John-David Duggar starred on the reality series Jill & Jessa Counting On. He has also appeared on the TV movies or TV documentaries 14 Children and Pregnant Again!, 16 Children and Moving In, Raising 16 Children, On the Road with 16 Children, K1 Discovery, Duggars' Big Family Album, and Duggars Make a Movie.

Read more: John-David Duggar Net Worth

Joey Alexander Net Worth

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Joey Alexander net worth: Joey Alexander is an Indian jazz pianist who has a net worth of $6 million. Joey Alexander was born in Denpasar, Bali, Indonesia in June 2003. He is known for being the first Indonesian musician to have an album on the Billboard 200 when his album My Favorite Things reached #174. He was a child prodigy who was self taught at the age of six. At age nine Alexander won the Grand Prix at the 2013 Master-Jam Fest. He was invited to play at Jazz at Lincoln Center by Wynton Marsalis in 2014. Joey Alexander has played for Presidents Bill Clinton and Barack Obama. His debut studio album My Favorite Things was released in 2015 and featured the single "My Favorite Things" (with Kelsea Ballerini). Joey Alexander was nominated for Grammy Awards for Best Improvised Jazz Solo and Best Jazz Instrumental Album in 2016 and for Best Improvised Jazz Solo in 2017.

Read more: Joey Alexander Net Worth

Simon Halabi Net Worth

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Simon Halabi net worth: Simon Halabi is a Syrian British businessman and property developer who has a net worth of $50 million. Simon Halabi was born in Syria in August 1958. His father was a successful businessman and helped Simon get into his early ventures. He reportedly has a large collection of luxury cars including multiple Rolls Royce Phantoms and Bentleys in addition to a 130 foot yacht. He began having many business problems and was forced to sell or give up many of his ventures. His group of property companies defaulted on $1.9 billion worth of bonds in 2009 and many of his companies liquidated their assets. Simon Halabi declared bankruptcy in the High Court in London in 2010. He was convicted of violent rape in 1998 under another name. Despite being put onto the French sex offender list he was able to travel the world using his British passport under the name Simon. At the peak of his empire, Simon Halabi was worth an estimated $4.4 billion. The portfolio crashed in value after the 2008 financial crisis. In January 2016 his ex-wife launched a bitter legal battle over his assets.

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20 Years Ago This Week, John Elway Made The Worst Investment Mistake In Sports History

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If you had one shot. One opportunity. To seize everything you ever wanted. One moment. Would you capture it, or let it slip? John Elway let it slip. And by doing so, he missed out on an opportunity to make an incredible sum of money. A sum of money that gets larger and larger every year as NFL team valuations continue to explode. And it all happened twenty years ago this week. Here's the story that probably keeps John Elway up at night…

Back in 1998, former Denver Broncos quarterback John Elway was at the end of his career. He had been the face of the franchise for more than a decade. It was the only pro team he ever played for after entering the NFL in 1983. In addition to dozens of accolades and championships, John led the Broncos to back-to-back Super Bowl titles in his final two seasons.

Looking back at his career, he couldn't possibly have any regrets. Right? Well, maybe just one.

Back in October 1998, Broncos owner Pat Bowlen approached John, who was still an active QB, with a two-part offer:

Part 1) Bowlen would sell John a 10% stake in the Broncos for $15 million.

Part 2) If John agreed to forgo his deferred salary, he would be given an additional 10% equity stake in the team. At the time John was owed $21 million in deferred salary.

Ezra Shaw/Getty Images

So in other words, if John chipped in $15 million of his own cash and gave up $21 million in future earnings, he would own 20% of the Broncos. That's essentially $36 million to own 20% of an NFL franchise. Using those numbers, Pat Bowlen was valuing the Broncos at $180 million.

To sweeten the pot even further, if Elway wasn't satisfied with his investment, he could sell back his interest after five years for $5 million on top of his purchase price. Bowlen was basically giving Elway money.

Finally, if Elway agreed to those terms, he would have right of first refusal to buy any other stake in the team if the Bowlen family sold. With only 32 teams in the league, there aren't many opportunities to buy. In other words, Elway would be sitting pretty to potentially own an entire NFL team someday.

Seems like an absolute steal in retrospect, right?

And it's not like John was hurting for cash. His career earnings at that point, before the deferred money, was around $50 million. He earned tens of millions more on top of salary from endorsements. But more importantly, just one year prior to being offered this deal, John sold his car dealership business "John Elway Autos" to AutoNation Inc. for $82.5 million. Furthermore, as part of that sale, for the next decade AutoNation would pay John a significant annual fee to continue licensing his name for the dealerships.

So John accepted Pat's offer, right? Sadly. No.

John Elway decided he did not want to part with $36 million, and declined both aspects of the offer.

To make matter worse, shortly after declining Pat's offer, John took $15 million and invested it into a company that turned out to be a $150 million Ponzi scheme. John ended up losing $7 million on this deal.

How big of a mistake did John Elway make? A really really really big mistake. Within a decade, the Broncos were worth around $1 billion. At that point, John's 20% stake would have been worth $200 million.

As of October 2018, exactly 20 years after the offer was made, the Broncos are worth $2.65 billion. At today's valuation, John Elway's 20% stake would have been worth $530 million. From a $36 million investment.

Ouch. Ouch. Ouch. Ouch.

Now if you want to know the flip side of this story, look no further then NHL legend Mario Lemieux.

Back in 1999 (just one year after John Elway made his terrible mistake) the Pittsburgh Penguins were in desperate financial straights. The books were so bad that the team's owners had recently been forced to declare bankruptcy. After restructuring and emerging from bankruptcy, Mario's $32.5 million in deferred salary was one of the team's largest debts.

So Mario came up with a simple, yet brilliant solution. In order to save the team from complete financial ruin, Lemieux offered to convert $20 million of the $32.5 million in salary he was owed into ownership equity. He was also given the opportunity to put together a new team of investors to buy the entire franchise. Mario then partnered with billionaire investor Ron Burkle (who chipped in $20 million) and John Surma (who chipped in $2 million) to buy the entire team for $107 million. At the time, the franchise was valued at $132 million. It was a really really good deal all-around.

Ezra Shaw/Getty Images

In exchange for deferring his $20 million compensation and putting the deal together, Mario Lemieux came out of the negotiations with a 25% ownership stake in the Penguins. Considering the team's book value was $132 million, his 25% stake was technically worth $26.4 million. So he got $6.4 million in free paper money out of the deal.

Today the Pittsburgh Penguins are worth $650 million. That means Mario's 25% stake is worth $162.50 million and growing. From a $20 million deferment that could have turned to nothing if the team continued to dissolve. What a champion!

Read more: 20 Years Ago This Week, John Elway Made The Worst Investment Mistake In Sports History


How The Walton Family Became The Wealthiest Family On The Planet With A Combined Net Worth of $151.5 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 Walton family is the wealthiest family in the world, with a combined $151.5 billion net worth. I'll let that staggering amount sink in for a moment. The Walton family fortune comes, of course, from the family business. You may have heard of it. It is a little store called Walmart. The members of the Walton family are the retail behemoth's largest shareholders. The family holds more than 50% of the stock in the company. Sam Walton opened the first Wal-Mart store in Rogers, Arkansas in 1962. Today, Wal-Mart is the world's largest retail company with stores all over the world.

Sam Walton was born in 1918 near Kingfisher, Oklahoma as the son of a small farmer who gave up farming for a more profitable career as a mortgage broker (for farms). This gave the family enough money that Sam was able to graduate high school and attend the University of Missouri during the Great Depression. He graduated in 1940 with a degree in Economics and immediately began working as a management trainee for J.C. Penney in Iowa. A year and a half later, he joined the Army and was a part of the U.S. Army Intelligence Corps during World War II.

Rick T. Wilking/Getty Images

His first store was a Ben Franklin franchise in Newport, Arkansas. Walton ran his variety store differently from the others in the Ben Franklin chain. He stocked a variety of items, and always made sure the shelves were full. His Ben Franklin location began making about $225,000 per year in revenue. Rather than renew his lease, the owners bought it back from him for $50,000. He took the money and with a $20,000 loan from his father-in-law he leased another store in a different part of Arkansas and negotiated a 99-year lease. Within three years, he was bringing in $175,000—more than double the store's revenue before he took over.

By the mid 1950s, Sam expanded his budding retail empire to Missouri and brought his brother Bud into the company to help. Over the next eight years, the Walton brothers opened 16 stores. By 1962 it was clear to Sam that he should start his own store, so he opened the first Wal-Mart Discount City in Rogers, Arkansas. His was a different kind of store. He sought out American manufacturers. He opened his stores in small towns that weren't far from his regional warehouses. He started his own trucking service to transport merchandise. By 1985, there were 800 Wal-Mart stores.

Sam Walton died in 1992. At the time, he was running 1,735 Wal-Mart stores, 212 Sam's Club stores, and 13 Supercenters.  Wal-Mart employed 380,000 people and earns an annual revenue of $50 billion.

When Sam died, he left his stake in the company to his wife Helen and four children, evenly split. Today roughly 50% of Walmart's equity is controlled by four people: Rob, Jim, Alice, and Christy Walton.

Today, Walmart has 11,718 stores and clubs in 28 countries. Walmart is the world's largest company by revenue with over $500 billion in 2018. Walmart is the largest private employer in the world with 2.3 million employees.

Read more: How The Walton Family Became The Wealthiest Family On The Planet With A Combined Net Worth of $151.5 Billion

Hong Kong Billionaire Lui Che Woo's Nobel Prize Alternative Has Double The Cash Award

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Hong Kong casino magnate Lui Che Woo has made an estimated $15 billion from his gambling enterprise, but a few years ago he became interested in giving back in a substantial way. To do that, he's going big, with what he's calling the Lui Che Woo Prize – Prize for World Civilisation, a kind of alternative to the famous Nobel Prize, but with a cash prize that's double what winners of the Nobel Prize get.

Bloomberg reports that the winners of the Lui Che Woo Prize will get a cash prize of HK$20 million, or about $2.56 million in American dollars. They will also get, no joke, a collectible dinner plate/trophy bearing the "amiable and kind smiling face of Dr. Lui," "as if sowing a seed of benevolence in the world."

ANTHONY WALLACE/AFP/Getty Images

To get one of those snazzy trophies, you have to achieve excellence in one of three fields: Sustainability, welfare development and positive energy, the latter defined by Lui himself as "people trying to understand and help each other." That excellence is determined by a three-tier nomination structure that includes a recommendation committee, multiple selection panels, and finally the prize council, currently populated by Lui himself, former US Secretary of State Condoleezza Rice, and three other "international personages."

Lui says that he never intended his award to replace the 123-year-old Nobel Prize, but instead act simply as an alternative. The Nobel Prize's current cash prize is 9 million Swedish kronor or $1 million, so the Lui Prize's $2.56 million is more than twice as lucrative as its more prestigious alternative.

This year's winners, to be awarded in a prize ceremony on October 3rd, are:

  • Hans-Josef Fell, former member of German Parliament for Germany's Green Party
  • The World Meteorological Organization
  • The Pratham Education Foundation in India

The Lui Che Woo Prize – Prize for World Civilisation was first established in 2015.

Read more: Hong Kong Billionaire Lui Che Woo's Nobel Prize Alternative Has Double The Cash Award

WhatsApp Founder Takes Most Expensive Moral Stand In History, Walks Out On $850 Million

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It takes serious balls to walk away from $850 million, but that's exactly what WhatsApp co-founder Brian Acton did when he left Facebook. Four years ago, Acton and his co-founder Jan Koum sold their messaging app to Facebook for $22 billion. Ten months ago, Acton left Facebook to focus on a nonprofit. On his way out the door he took a screenshot of the stock price. When the details of the Cambridge Analytica scandal were revealed, Acton sent out one Tweet saying "It is time. #deletefacebook." He did not explain. His former employers at Facebook were shocked. He hasn't sent another Tweet since. Now, Acton is talking. In an interview with Forbes he discussed the decision that cost him $850 million.

For Acton, it all came down to a clear difference of opinion. Facebook wanted to monetize WhatsApp. Acton and Koum were not opposed to that general concept, but they had a very different way of going about it. Acton and Koum built the end to end encryption for WhatsApp and stood by it. Facebook started to question the encryption and how it might affect showing targeted ads to users or inserting commercial messaging. Acton could not get behind that. So he walked away.

Photo via Sequoia Capital/Wikimedia Commons

Acton never developed a rapport with Mark Zuckerberg. So he wasn't sure what to expect when he was summoned to Zuckerberg's office last fall after he told Facebook that he planned to leave. Acton and Koum had a clause in their contract that allowed them to get all their stock, which was structured to be doled out over four years, if Facebook began "implementing monetization initiatives" without their consent. To Acton and Koum, it was a clear case of Facebook doing this and ignoring several options they presented.

Acton and Koum were sticklers for protecting the privacy of WhatsApp users. The apps encryption had been integral to their worldwide growth. But that level of privacy didn't sit right with Facebook, which has one of the biggest advertising networks in the world. Acton and Koum hated ads.

Acton said that Facebook decided to pursue two ways of monetizing WhatsApp. They planned to show targeted ads in the Status feature. Acton felt this broke an implied contract with users. Facebook also wanted to sell businesses tools that would enable them to chat with WhatsApp users. Facebook also planned to sell the businesses that got onboard analytics tools as well. The problem was that WhatsApp's end-to-end encryption was in the way. The encryption stopped Facebook (and WhatsApp) from reading messages.

Acton proposed monetizing WhatsApp with a metered-user model. After a certain large number of free messages were used, he thought charging a tenth of a penny for use thereafter was fair. This plan was derailed by Sheryl Sandberg. She didn't think it would scale. To Acton, what she meant is that it would not make as much money as Facebook's plan.

When Acton got to Zuckerberg's office, a Facebook attorney was also there. Acton laid out his case that the disagreement over how Facebook wanted to make money through ads and he wanted to through high volume users violated the contract he had with Facebook. He wanted his full allocation of stock.

Not surprisingly, the legal team at Facebook disagreed. They said that they had only been exploring monetization plans, not implementing them. Acton simply decided not to fight.

When Facebook set out to acquire WhatsApp in 2014, the process was a bit rushed. Zuckerberg had heard that Koum and Acton had been invited to Google for talks and he did not want to lose them to a competitor. So the largest internet deal in a decade was rushed though over a weekend in February in the offices of WhatsApp's lawyers. There wasn't a lot of time to go over the details, like the clause about monetization. In the end, the amount of money Facebook was offering Acton and Koum was an amount they could not refuse. The two founders were told there would be "zero pressure" to monetize WhatsApp over the next five years.

Of course, that was not the case. Before the deal even closed, warning signs started to pop up that Facebook was not so interested in the same end goals for WhatsApp that Koum and Acton were. He discovered that there were plans and the technology to implement them within Facebook to use the 128-bit string of numbers that were assigned to each phone to match that with phone numbers used on Facebook and link the accounts, thereby also identifying who the users behind the encryption were.

Within 18 months of the acquisition Koum and Acton were writing a new terms of service for WhatsApp that linked the accounts. This linking was the critical first step toward monetizing WhatsApp. Facebook was looking to get broader rights to the user data on WhatsApp. Acton and Koum pushed back. A compromise was reached. There wouldn't be any ads for the time being, but Facebook was keeping the accounts linked so that friend suggestions could be presented and also so that its ad partners could receive better targets for ads.

Koum and Acton did what they could to put off Facebook's monetization plans. Snapchat inadvertently helped Acton and Koum with this. During most of 2016, Zuckerberg was obsessed with the threat Snapchat posed. The WhatsApp founders focused on new product features that copied things Snapchat could do. That worked for awhile, but by February 2017, three years after the deal, Zuckerberg was impatient and let everyone know it at an all hands meeting with the WhatsApp staff.

Despite the claim of "zero pressure" for monetization in the first five years, Facebook had actually targeted a $10 billion revenue within five years. Those numbers sounded too high to be achieved in any other way except advertising to Acton.

Acton had left Yahoo a decade earlier over ads. The drive for revenue over a good product experience made him crazy. History was repeating at Facebook. It was time to go. Koum stayed for awhile, barely coming into the office, employing the "rest and vest" option. He left in April. Koum is now focusing on air-cooled Porsches.

Acton is now funding a small messaging app called Signal. The mission of the company is putting users before profit. He works with the people who built the opensource encryption protocol used by WhatsApp, Facebook Messenger, Skype, and Allo. Acton is basically re-creating WhatsApp in the idealized form it started: free messages and calls, with end-to-end encryption and no ad platforms.

Acton has also put $1 billion of the money he made selling WhatsApp to Facebook into philanthropic missions. He's primarily interested in supporting healthcare in impoverished areas of the U.S. and in early childhood development.

Acton also is determined to raise his kids normally. They attend public schools. He drives a Honda Minivan. They live in a relatively modest house. His house is just one mile from Mark Zuckerberg's.

Read more: WhatsApp Founder Takes Most Expensive Moral Stand In History, Walks Out On $850 Million

Paul Castellano Net Worth

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Paul Castellano net worth: Paul Castellano was an American mafia boss who had a net worth equal to $20 million at the height of his power in the early 80s which is the same as around $50 million today. Paul Castellano was born in Brooklyn, New York in June 1915 and passed away in December 1985. His nicknames included "The Howard Hughes of the Mob" and "Big Paulie". He succeeded Carlo Gambino to become head of the Gambino crime family in New York. In 1985 he was assassinated even though it was unsanctioned by John Gotti. Paul Castellano was a construction tycoon in New York City and a wholesale meat merchant. He has been portrayed in several films including by Richard C. Sarafian in the 1996 HBO movie Gotti, Abe Vigoda on the NBC TV movie Witness to the Mob in 1998, Sam Coppola in the 2001 TV movie The Big Heist, and Chazz Palminteri on the 2001 TNT TV movie Boss of Bosses. His nephew Richard S. Castellano starred in The Godfather movie. Paul Castellano passed away on December 16, 1985 at 70 years old from multiple gunshot wounds.

Wealth: Paul Castellano's precise net worth is very difficult to pin down but, at the height his power in the early 80s, it's estimated that he was worth at least $20 million. That's the same as around $50 million after adjusting for inflation. In his book, Sammy "The Bull" Gravano would later admit that in a typical year mob bosses like Paul and John Gotti would earn $10-15 million. In 1981, Castellano spent over a million dollars to build an extremely lavish 17-room mansion on Staten Island which later became known as The White House. The house has an Olympic-sized swimming pool, English garden and top-of-the-line Carrara marble throughout. In order to pay for his lavish lifestyle, Castellano began demanding 15% cuts of his capos' earnings, up from the standard 10%. At the time many of his capos were struggling to make ends meet, so Paul's lavish mansion plus the increase in monthly tribute sewed the seeds that would eventually cause him to be assassinated.

Read more: Paul Castellano Net Worth

George Best Net Worth

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George Best net worth, salary and career earnings: George Best was a Northern Irish professional soccer player who had a net worth of $250 thousand at the time of his death in 2005. At the peak of his career in the late 60s, George was earning around $150 thousand per year which is the same as around $1 million per year from salary and endorsements, after adjusting for inflation. His name and image appeared on more than 80 different products from cereal to shoes. Unfortunately, according to George himself, he blew 90% of his money on "women, drink and fast cars." After he died, he left behind an estate worth 138,000 pounds to his son Calum Best. George Best was born in Belfast, Northern Ireland in May 1946 and passed away in November 2005. He was a winger and attacking midfielder who played his youth career with Manchester United. Best played for Manchester United's senior team from 1963 to 1974 scoring 137 goals in 361 appearances. Some of his other notable stops include playing for the Los Angeles Aztecs, Fulham, the Fort Lauderdale Strikers, Hibernian, the San Jose Earthquakes, and the Northern Ireland national team. During his senior career he has 2017 goals in 586 games and he scored 9 goals for his country in 37 caps. Best won the European Cup playing Manchester United in 1968 and was awarded European Footballer of the Year and FWA Football of the Year. He was named to the FIFA 100 list and inducted into the English Football Hall of Fame. George Best passed away on November 25, 2005 at 59 years old after suffering many years to debilitating liver problems brought on by decades of alcoholism.

Read more: George Best Net Worth

Pat Battle Net Worth

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Pat Battle net worth and salary: Pat Battle is an American journalist who has a net worth of $5 million. Pat Battle was born in Teaneck, New Jersey in December 1959. She has been with WNBC-TV since 1996. Battle worked as a reporter with the Asbury Park Press as her first job. Her mother was the police commissioner and a member of the township committee in Neptune Township, New Jersey. She is married to WABC-TV reporter Anthony Johnson. She won a New York Regional Emmy Award for Political Programming in 2005 for her work on the U.S. presidential primary for the TV series What Matters on WNBC-TV. Pat Battle has appeared on episodes of the TV series Unbreakable Kimmy Schmidt and 30 Rock. She has also appeared in the films New Year's Eve and The Bourne Legacy.

Pat Battle's salary: Pat Battle earns an annual salary of $1 million for her work on WNBC.

Read more: Pat Battle Net Worth

Loona Net Worth

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Loona net worth: Loona is a Dutch singer, songwriter, and dancer who has a net worth of $8 million. Loona was born in Ijmuiden, Netherlands in September 1974. Her musical genres include dance and pop. Loona released her debut studio album Lunita in 1999 which reached #7 in Switzerland, #8 in Austria, and #13 in Germany. Her second album Entre dos aguas was released in 2000 and reached #49 in Switzerland and #57 in Germany. Loona's album Colors was released in 2002 and reached #84 in Germany. She has also released the albums Wind of Time in 2005, Moonrise in 2008, Rakatakata (Un Rayo de Sol) in 2013, and Badam in 2016. Loona released the Eps Famous 5 in 2008 and Brazil in 2014. Her debut single "Bailando" reached #1 in Germany and Switzerland and her second single "Hijo de la Luna" reached #1 in Germany. Loona's single "Viva el Amor" reached #1 in Spain.

Read more: Loona Net Worth


Klaus Badelt Net Worth

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Klaus Badelt net worth: Klaus Badelt is a German film composer who has a net worth of $20 million. Klaus Badelt was born in Frankfurt, West Germany in June 1967. He is known for collaborating with Hans Zimmer and has written scores to popular films including The Thin Red Line, Gladiator, The Prince of Egypt, and Pirates of the Caribbean: The Curse of the Black Pearl. Klaus Badelt has also worked solo on movies including Equilibrium, Basic, The Widowmaker, TMNT, and more. He has also worked in French cinema. Some of his additional work includes the films The Time Machine, The Recruit, Ned Kelly, Basic, Beat the Drum, Catwoman, Constantine, Poseidon, Miami Vice, Queen of the Desert, and more. Klaus Badelt also worked on the Beijing Olympics Closing Ceremony. He won a World Soundtrack Award for Discovery of the Year in 2002 for The Time Machine. He has also won ASCAP Film and Television Music Awards Top Box Office Films awards for Pirates of the Caribbean: The Curse of the Black Pearl and Constantine.

Read more: Klaus Badelt Net Worth

Lil Baby Net Worth

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Lil Baby net worth: Lil Baby is an American rapper who has a net worth of $4 million. Lil Baby was born in Atlanta, Georgia in December 1994. He battled drug abuse and spent time incarcerated begore his rap career began with the group 4PF (Four Pockets Full). Lil Baby released his debut studio album Harder Than Ever in 2018 which reached #3 on the Billboard 200 chart. He has released the mixtapes Perfect Timing, Harder Than Hard, and 2 The Hard Way (with Mario) in 2017. He also released the mixtape Too Hard in 2017 which reached 333 on the US R&B/Hip-Hop chart and #80 on the Billboard 200 chart. Lil Baby's single "Yes Indeed" (with Drake) reached #6 on the Billboard Hot 100 and #7 in Canada and was certified Platinum. He has collaborated with several artists including Gunna, Moneybagg Yo, Ralo, Lil Uzi Vert, Kodak Black, Gucci Main, Offset, Young Thug, Lil Yachty, Lil Durk, and more.

Read more: Lil Baby Net Worth

Ted Sarandos Net Worth

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Ted Sarandos net worth and salary: Ted Sarandos is an American businessman who has a net worth of $250 million. Ted Sarandos was born in Phoenix, Arizona in July 1964. He is best known for being the chief content officer of Netflix. He is responsible for overseeing the company's annual budget of more than $6 billion. In 2016 alone Netflix earned 54 Primetime Emmy Award nominations. He quit college to become a manager at a video store and went on to become Western Regional Director of Sales and Operations for East Texas Distributors. Sarandos joined Netflix in 2000. He has received many honors including being named to the Time 100 in 2013. He has served on many boards and was the Executive Committee Appointee for the Academy of Television Arts & Sciences in 2015. He married Nicole Avant in 2009 who became United States Ambassador to the Bahamas the same year. Ted Sarandos is listed as producer for several films and won a News & Documentary Emmy Award in 2010 for Outrage.

Ted Sarandos salary and stock holdings: In 2016 Ted earned $18 million in total compensation. In 2017 he earned $22.4 million, which included a $9 million bonus and $12 million in stock grants. His base salary is $1 million per year. Ted Sarandos is one of the three largest individual shareholders of Netflix stock. As of August 2018 Ted owns 497,699 shares of the company. When Netflix stock hit $411 in June 2018, his shares were worth $205 million before taxes.

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Matt Brown Net Worth

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Matt Brown net worth: Matt Brown is an American mixed martial artist who has a net worth of $1 million. Matt Brown was born in Jamestown, Ohio in January 1981. He competed as a middleweight from 2004 to 2008 and as a welterweight since 2008. Brown made his professional MMA debut in a win over Ricardo Martinez in October 2005. He won the vacant ISCF East Coast Welterweight Championship in a win over Douglas Lima in February 2007. Matt Brown competed on the reality TV series The Ultimate Fighter: Team Rampage vs Team Forrest in 2008 and has competed for UFC since. He was in the Fight of the Night in a win over Jordan Mein in April 2013 and had the Knockout of the Night in a victory of Mike Pyle in August 2013. Brown had the Fight of the Night and the Performance of the Night in May 2014 over Erick Silva. He lost to Robbie Lawler in July 2014 in the Fight of the Night. In November 2017 he defeated Diego Sanchez in the Performance of the Night to bring his record to 21-16. He injured his ACL in 2018.

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How The Wertheimer Family Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $45.6 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 Wertheimer family is the 6th wealthiest family in the world, with a combined $45.6 billion net worth. The Wertheimer family wealth comes from their ownership of the Chanel fashion house. The path to that started back in the late 1800s when Ernest Wertheimer emigrated from Alsace to Paris and purchased the theatrical makeup company Bourjois, which developed the first dry rouge. Ernest's sons Pierre and Paul took over the family business in 1917. By 1920, the company was the largest and most successful cosmetic and fragrance company in France.

Pierre met Gabrielle "Coco" Chanel at some point in the early 1920s. The two became business partners and in 1924, Pierre entered into an agreement with Coco to create Parfums Chanel. Coco Chanel believed the time was right to take her fragrance Chanel No. 5 to a wider customer base. Previously it had only been available in her boutique. Chanel was aware of Pierre's expertise in retail, his familiarity with the American market, and his financial resources. For a 70% stake in the company, Wertheimer provided the financing for the production, marketing, and distribution of Chanel No. 5. For 10% of the stock, Chanel licensed her name to "Parfums Chanel" and removed herself from involvement in all business operations.

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As the decades passed, Chanel was ultimately unhappy with the deal she'd made with Wertheimer and tried to regain control of Parfums Chanel. She sued the Wertheimers in 1935, but lost her case. Then, World War II brought the Nazis to Paris and all Jewish-owned property and business enterprises were seized. Chanel saw the opportunity to get the fortune her fragrance generated back in her control. She contacted the German officials and told them that the Jewish Wertheimers owned her perfume and it was her legal right as an Aryan to take it from them. What Coco did not know, is that the Wertheimers anticipated the Nazi mandates against Jews and had fled to New York in 1940. However, before they did, they had turned over full legal control of Parfums Chanel over to a French business man and Christian, Felix Amiot. At the end of the world, Amiot turned Parfums Chanel back over to the Wertheimers.

When Coco Chanel died in 1971, the family bought out her stake in the company.

Today, Pierre's grandsons, Alain and Gerard run Chanel. The brothers have been working for the fashion house for 43 years. They are the third generation of Wertheimers to run the more than 100 year old company.

Gerard is based in Geneva, Switzerland. Alain lives in New York and has been credited with resurrecting the Chanel brand when he took over control of the company from his father in 1974.

Alain and Gerard, tapped one of the fashion industry's most famous creative directors, Karl Lagerfeld, to run the most famous brand in the world in 1983. Together, they have privately held Chanel for more than 30 years. Despite this, they are two of the least famous fashion house owners. When they attend runway shows, they travel there in a modest French made hatchback and slip into the third or fourth row unnoticed.

Like many of the wealthiest families, the Wertheimers maintain a low profile and stay out of the public eye. Little is known about them personally. What is known is that each owns half of Chanel. They rarely attend Chanel events and never use their names in advertising. As for why they stay so out of the public eye, in a 2002 interview, Gerard said:

 "It's about Coco Chanel. It's about Karl. It's about everyone who works and creates at Chanel. It's not about the Wertheimers."

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