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What It's Like To Fly In A Private First Class Suite On Singapore Airlines – Where A Round Trip Ticket Could Cost $20,000+

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The only time in my life I've ever flown anything other than the cheapest back-of-the-plane coach was October 2015. It's hard to explain how this set of circumstances came to be, but I needed to travel from Sydney to Barcelona. I would be alone on a plane for basically 24 hours straight. Oh, and it happened to be my birthday. So when I needed to book my ticket, I broke down and splurged. I used up every American Express point I had earned over a 5 year period, plus an additional $3000 cash, and bought a First Class ticket.

The whole experience was amazing and might be the best birthday I've ever had. The first leg of the flight (from Sydney to Bangkok) was on a slightly older plane, but my seat was located upstairs, which had been on my bucket list since I was like 10 years old. The second leg of the flight (from Bangkok to Barcelona) was operated by Austrian Airlines, and this was pure luxury. Brand new plane, amazing food, flat screen TVs, fully flat beds. I was in heaven and never wanted it to end.

Well, thanks to travel blogger Derek Low, now my First Class experience basically feels a Greyhound bus ride from Phoenix to Tulsa. You see, Derek recently used all of his miles to fly First Class from Singapore to New York on what is generally considered the most luxurious airline in the world: Singapore Airlines. And not just regular First Class. Derek got a First Class Suite, which is basically like having your own Ritz Carlton hotel room in the sky. FYI, I just priced out a First Class Suite flight from Los Angeles to Tokyo on Singapore Airlines. Before I even got to taxes and fees, the round trip fare (for one person) had already topped $23,000!

I'm gonna post some highlights below, but if you want to understand the full experience of what it was like to travel on the most luxurious First Class airline in the world check out Derek's article right here. He does a great job of chronicling every step of the experience, from the First Class lounge, the food, the amenities, the drinks and more.

First, here's what the Airbus A380 looks like from the outside:

Singapore Airlines via Getty Images

Here's what Coach looks like:

ROSLAN RAHMAN/AFP/Getty Images

And Business Class:

Pascal Parrot/Getty Images

If you walk up a staircase behind Business Class, you are taken to First Class. Oh and by the way, the First Class section has showers. Showers! You can also drink as much Dom Perignon as you like and eat as much caviar as your tummy can handle.

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Photo via dereklow.co

Once you get up to this roped off paradise, here's what you will find:

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Photo via dereklow.co

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Photo via dereklow.co

These private suite doors open up this amazing little slice of heaven:

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Photo via dereklow.co

Pascal Parrot/Getty Images

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Photo via dereklow.co

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Photo via dereklow.co

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Photo via dereklow.co

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Photo via dereklow.co

Now if you'll excuse me, I need to go out and rob a bank so I can fly like this just one time in my life!

Read more: What It's Like To Fly In A Private First Class Suite On Singapore Airlines – Where A Round Trip Ticket Could Cost $20,000+


Have You Heard Of "Grumpy Cat"? You Wont Believe How Much Money This Feline Internet Celeb Has Generated

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Actors know that if they ever find themselves in a scene with a child or an animal, the audience will barely remember the adult performer. There is just something about small, cute things that makes everyone go a little bit ga-ga. It's why videos of babies sliding down the stairs, kittens sleeping on each other, and puppies sleeping on babies go almost instantly viral. We all seem to like that stuff. Nowhere is this natural inclination more apparent than with one feline superstar. Granted, she's not small. She's not particularly cute. However, she has gone viral in a big way, and become a true internet sensation. To date, she's generated over $100 million in revenue. No, that was not a typo and your eyes are not deceiving you. So just who is this four-legged entrepreneur's wet dream? Her name is Grumpy Cat.

Grumpy Cat, also known as Tarder Sauce, was born on April 4, 2012 in Morristown, Arizona. She is owned by Tabatha Bundesen, a former waitress at Red Lobster. Her distinctive expression, which earned her the nickname, Grumpy Cat, is caused by a combination of an under bite and feline dwarfism. Though her face appears to be set in a perpetual scowl, she is a sweet, calm, kind cat according to those who know her personally. Tabitha's brother, Bryan, posted a picture of the cat on Reddit in September 2012. The picture was quickly snatched up by other Reddit users, who began to add captions to the photo. Within days, the image had gone viral, and suddenly, "Grumpy Cat" captions were everywhere. From there, it was only a short walk to a veritable cat-centric empire.

Grumpy Cat

Grumpy Cat / Steve Jennings/Getty Images

As of October-2018, "The official Grumpy Cat" Facebook page had 8 million "likes". Her YouTube videos have racked up 38 million views.  She has 1.5 million Twitter followers and 2.4 million Instagram followers. Grumpy Cat has appeared on the covers of multiple publications, including The Wall Street Journal and New York Magazine. She's won multiple web-based awards, including Buzzfeed's "Meme of the Year Award" in 2013, the Friskies "Lifetime Achievement Award" in 2013, and being named MSNBC's "Most Influential Cat" in 2012. She has her own manager, Ben Lashes, who is known for repping other feline celebrities, including Keyboard Cat and Nyan Cat. Her owner no longer works for Red Lobster, and instead manages her schedule. Bryan, the brother who started it all, handles Grumpy Cat's various social media accounts, including overseeing her Facebook, Twitter, and YouTube presences. All of this internet-based popularity has turned this relatively docile cat into a money-making machine.

Between products, appearances on television shows, ad appearances, book deals, and photo shoots, Grumpy Cat has become one of the most successful animal actors ever. Her image has been copyrighted, and is now licensed to appear on a range of items, including t-shirts, mugs, and tote bags. A line of stuffed animals is currently being developed. A Grumpy Cat book was published July 23, 2013. It reached #7 on the New York Times Best Seller List. The book was followed by a calendar and a second book called, "The Grumpy Guide to Life". She has appeared on a large number of talk shows, including "Today", "Good Morning America", "Big Morning Buzz Live" on VH!, "The Soup", and even made appearances on the reality competition shows, "The Bachelorette" and "American Idol". She has also popped up on the MTV Movie Awards and on QVC. She has become somewhat of a "spokescat" for Friskies, appearing on their YouTube game show, "Will Kitty Play With It?" on multiple occasions. Other endorsement and product deals include commercials for Honey Nut Cheerios and the "Grumppuccino" iced coffee line from Grenade Beverage, LLC.

The brands and ad agencies that hire Grumpy Cat roll out the red carpet for her. Ben Lashes and her owner are reportedly quite choosy with regards to what products and services she is willing to lend her face to, and they require that she be treated in the same manner as a human star. She flies first-class, sleeps in private hotels rooms, is chauffeured around in a luxury vehicle with tinted windows, and the list of perks goes on. She is not your ordinary cat. She is a $100 million brand.  She is also a brand that is about to take the next step towards media domination. After an intense bidding war and major negotiations, Grumpy Cat made the move to the small screen. November 29, 2014 marked the premiere of Grumpy Cat's first television movie. Entitled, "Grumpy Cat's Worst Christmas Ever", the film, produced by LifeTime, follows Grumpy Cat during a rough holiday season. Aubrey Plaza provides the voice of Grumpy.

How does "the Marilyn Monroe of cats" feel about all the attention? She doesn't seem to care one bit. In fact, she sleeps through most her major media appearances, and when she's not being ferried around in her specially outfitted kitty carrier, she is busy acting. well, like a kitty. Only time will tell how, or if, all the media attention is getting to her. In the meantime, her manager, and her human family, are loving the fact that the whole world has fallen in love with Grumpy Cat.

Read more: Have You Heard Of "Grumpy Cat"? You Wont Believe How Much Money This Feline Internet Celeb Has Generated

For $110 Million You Can Own The Most Incredible Piece Of Land In America (My Opinion) – But You'll Also Face A Decade Of Legal Battles

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I grew up in an area of Northern California called Marin County. Located on the other side of the Golden Gate Bridge across from San Francisco, Marin County is a wealthy suburb made up of rolling hills and picturesque views from the mountains to the ocean. My favorite part about Marin is that it's where a bunch of awesome celebrities moved after they struck it rich. Celebrities such as George Lucas, Jerry Garcia, Andre Agassi, Carlos Santana, Sammy Hagar, Huey Lewis and the members of Metallica (James Hetfield relocated to Colorado in 2014, but he is still one of the county's largest land owners), have all called Marin County home.

Tupac actually spent part of his teen years in Marin County attending Tamalpais High School. From his apartment in an area called Marin City, Tupac's view looked directly out at a town called Tiburon.

In my opinion, Tiburon is where you want to live after you sell your company for a billion dollars. Sure, you could buy a house down in Silicon Valley or even Los Angeles, but only Tiburon allows you to live in a ridiculous mansion that has a private beach and unobstructed views of the Golden Gate bridge while also being just a 30 minute ferry ride to San Francisco or a 30 minute drive to Napa.

Beverly Hills is amazing, right? Yes, but in reality a big chunk of Beverly Hills is apartment complexes and shopping districts. And most of the actual "mansions" in BH are on flat streets with no views and lots that share a backyard wall with two neighbors.

Imagine if you took Beverly Hills, stretched out so that half the land was rolling undeveloped hills and plopped it into the middle of a bay. Then imagine if you squished the land together so every house had an amazing view. That's Tiburon. Here's a map view:

Tiburon, via Google

In the area circled in red above, a two-acre parcel of land could easily cost $5-10 million. So how much would a sprawling 110-acre plot of undeveloped land cost? And what if those 110-acres were spread over Tiburon's most desirable hill with perfect 360-degree views of the entire Bay Area?

The answer? $110 million.

And believe it or not, that actually sounds like a bargain to me. In a different world, this property should sell for way way way more than $110 million. Easily $200-300m, or more. There should be tech billionaires lining up to bid for the rights to build a dream palace right here:

So why hasn't a billionaire built a ridiculous compound here yet? Well, for one, the property hasn't been on the market in over 100 years. And secondly, this property, now branded as "Easton Point", comes with a catch. A big catch that I'll explain below.

Below is another map of Tiburon. I've circled the area now known as Easton Point that is now for sale:

Martha Co/Easton Point

The Catch

If you buy Easton Point, you are also buying a decade (maybe multiple decades) of legal battles with local residents who want to keep the land undeveloped to preserve its beauty, wildlife and hiking trails.

It's an interesting dilemma. In 1912, a person named John Reed, was smart enough to buy this land from the county. In 1958, John Reed's five living heirs formed a company to own the land. The company was called The Martha Co. and each of the five branches of his descendants were given an equal ownership stake.

Shouldn't these lucky heirs be allowed to reap the maximum amount of benefits afforded to them by their lucky and forward-thinking grandfather? Imagine if your grandparent was smart enough to buy an acre of beachfront property in The Hamptons or 10,000 shares of Coca Cola back in 1935. Shouldn't you be rich today from those wise investments?

John Reed's descendants thought so, and in the early 1970s they filed plans to develop several hundred apartment and single-family home units on the land. They were quickly met with fierce resistance.

Not coincidentally, in 1974 Marin County passed a law that re-zoned properties like the Martha Co. to only have single-family homes with MINIMUM 10,000 square foot lots. This law effectively reduced the number of build-able units on the land from several hundred to just 34.

In 1975, the Martha Co. sued Marin County for essentially stealing their land without offering them any form of compensation.

The last 40+  years have been nothing but lawsuits. Local, state and federal. To complicate matters, over those 40+ years, residents cut down fences around the property and began hiking as they pleased.

I've done it before. It's a gorgeous hike.

Residents now claim that the land has transformed into a public space that could never be developed into even a single home. For their part, the Martha Co. has consistently pointed out that hikers are trespassing on private property.

In 1988, Martha filed to build 70 lots. They were denied. In 1990 they filed to build 30 lots while still appealing the denial of their 70-lot plans. Denied. In 1992 they filed to build 32 lots. Denied. In 1994, twenty years later, they finally won approval to build 19 lots. They could potentially build 43 if they solved some water and road issues. But wait! Construction was then held up for a full decade after a scientist found an endangered spider on the land. Literally ONE spider. Maddeningly, after a decade of delays it was eventually determined that this endangered spider was not at all endangered. It was a totally common spider. Today construction is on hold as several lawsuits seek to show that there's a legal precedent to keep the land accessible to the public.

Here's an artist's rendering of the potential planned housing development:

After 40+ years the Reed family descendants are ready to throw in the towel, lick their wounds and recoup some money. Over the years, they've actually spent more than $10 million on various surveys, studies, architectural plans and, obviously, lawsuits.

So if you buy this property, that's the kind of fight you are facing. Oh. And if you spend $100 million to buy it, you'll owe $1 million in property taxes every year as the legal battle wages on for another decade or two.

Now let's look at the prize that's up for grabs. Take a look at this video that was recently put out by the Martha Co.'s real estate agency and you'll understand the significance and beauty:

If a private buyer does not step up, local residents have raised around $3 million to buy the land. Clearly that's not going to work for the Reed family. Local residents have also made it clear that even if a new owner plans to just build ONE HOUSE, they will fight them bitterly for as long as they can.

Another option would be a San Francisco-based organization called the Trust for Public Land, which has spent $8 billion since the 1970s buying 3 million acres of property all over the country. The Trust has been known to buy private properties for $10+ million. It even spent $100+ million to buy 10,000 acres of the Rocky Mountains in Colorado. Is The Trust interested in preserving  this open space in their backyard? Could they come up with $50 million, and would the Reed family accept it?

And then there's my favorite option: Mark Zuckerberg, a billionaire who is about as popular nowadays as diarrhea on your honeymoon, should buy the property for full value and donate it to the state. He'll get a huge tax write off and maybe a slight improvement in his public image. Martha Co. gets their money. Residents get their land. Win, win, win.

What are your thoughts? If you had the money, would you buy Easton Point and roll the dice? What is the market value of an extremely amazing piece of property that also comes with a horrendous uphill legal battle? You might be better off driving an hour south to buy this 74-acre property in Woodside, California. Or you could spend $150 million to buy the late Paul Allen's 122-acres in Beverly Hills. As long as you're not planning to build 50 homes and apartments on either property, you won't have any legal problems. But you also won't have the views of Easton Point!

Read more: For $110 Million You Can Own The Most Incredible Piece Of Land In America (My Opinion) – But You'll Also Face A Decade Of Legal Battles

Thai Billionaire And Leicester City Owner Vichai Srivaddhanaprabha Just Died In A Helicopter Crash Outside The Team's Stadium

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Truly sad and shocking news coming out of England just now. Self-made Thai billionaire Vichai Srivaddhanaprabha, one the 20 richest sports team owners in the world, has died in a helicopter crash outside of his own soccer stadium. He was 60 years old. Three passengers and the helicopter pilot also died.

The crash occurred just outside of King Power Stadium, home of Leicester City football club, which Vichai owned. The stadium is named after his King Power duty free empire back in Thailand.

PAUL ELLIS/AFP/Getty Images

Vichai routinely traveled to Leicester games from his home in London by helicopter.

Today (technically last night local time), about an hour after Leicester tied rival West Ham, his helicopter landed at center field to pick up Vichai and three companions. Seconds after takeoff, just as the helicopter cleared the stands, it crashed outside the stadium.

Michael Regan/Getty Images

Vichai Srivaddhanaprabha was the third richest person in Thailand and one of the 400 richest people in the world at the time of his death with a net worth of $5 billion. As we mentioned previously, he earned his fortune off King Power, which he started in 1989 and today is the largest duty free company in Thailand.

He was self-made, starting with one store in downtown Bangkok and eventually expanding to dozens of locations across the country. Today King Power generates $2 billion per year in revenue.

A lifelong soccer fan, he bought Leicester City in 2010 for $50 million. In 2016 the team pulled off one of the greatest underdog stories in sports history when they won the Premier League Championship title against all odds. As my soccer fanatic friend put it, Leicester City winning the Premier League would as if a minor league baseball team from Little Rock, Arkansas won the Major League Baseball World Series.

The win made him a local God.

After the victory the value of Leicester was re-assessed at $500 million. In 2018, team revenue was $300 million, with $100 million in profits. In 2011 the team lost $25 million. In 2012, the team lost $30 million.

To reward them for their incredible win, Vichai gave each of his players a $130,000 BMW i8:

Getty Images

Getty Images

In May 2018, Vichai expanded his sports empire when he acquired a Belgian team called OH Leuven.

It's unclear what will happen to Vichai Srivaddhanaprabha's sports and business empires after his death. He is survived by four children and a wife. Presumably they will take control.

We're so sorry for their loss. RIP.

Read more: Thai Billionaire And Leicester City Owner Vichai Srivaddhanaprabha Just Died In A Helicopter Crash Outside The Team's Stadium

Chrissy Metz Net Worth

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Chrissy Metz net worth and salary per episode: Chrissy Metz is an American actress and singer who has a net worth of $7 million. Chrissy Metz was born in Homestead, Florida in September 1980. She is best known for starring as Kate Pearson on the television series This Is Us beginning in 2016. Metz first appeared in episodes of the TV series All of Us and Entourage in 2005. She has appeared in films including Loveless in Los Angeles, The Onion Movie, and Sierra Burgess Is a Loser. Chrissy Metz had a recurring role on the series American Horror Story as Ima "Barbara" Wiggles from 2014 to 2015. She has also appeared in episodes of the TV series My Name Is Earl, Huge, and The Last O.G. In 2018 she won a Screen Actors Guild Award for Outstanding Performance by an Ensemble in a Drama Series for This is Us. Metz has also been nominated for two Golden Globe Awards and a Primetime Emmy Award for This Is Us.

This is Us salary: As of 2018, Chrissy Metz earns $250,000 per episode.

Read more: Chrissy Metz Net Worth

Nick Caporella Net Worth

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Nick Caporella net worth: Nick Caporella is an American businessman who has a net worth of $4.4 billion. Nick Caporella is best known for being the founder, chairman, and CEO of National Beverage company. He worked as a contractor before forming the company in 1985. Caporella worked as the CEO of Burnup & Sims, a telecom and cable company. Some of National Beverage's products include LaCroix, Shasta, and Faygo. It is one of the top five largest soft drink companies in the United States. Nick Caporella purchased the company to fend off an unwanted acquisition by someone who worked at his previous company Burnup & Sims Inc. He purchased Shasta Beverage in 1985 from Sara Lee Corporation for $40 million and later purchased Faygo. The company also includes the energy drink Rip It. Nick is the son of a Pennsylvania coal miner. National Beverage's shares shot up starting in 2015 from the popularity of LaCroix sparkling water.

Read more: Nick Caporella Net Worth

Bert Beveridge Net Worth

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Bert Beveridge net worth: Bert Beveridge is an American businessman and entrepreneur who has a net worth of $4 billion. Bert Beveridge is best known for being the founder of Tito's Vodka. Bert "Tito" Beveridge was born in San Antonio, Texas. He started out producing spirits as a hobby and formed Fifth Generation, Inc. and the Mockingbird Distillery in 1997. He started the company with $90 thousand he borrowed using 19 credit cards and during that time he slept on floors and couches. In 2001 Tito's got its big break by winning the World Spirits Competition against 72 other vodkas. Tito's Vodka is one of the fastest growing brands of spirits in the United States and sold 44 million bottles in 2016 and 63 million in 2017. Bert Beveridge graduated from the University of Texas at Austin. He donates 100% of his online store net proceeds to nonprofit organizations. Tito's Vodka is made from yellow corn instead of wheat or potatoes.

Read more: Bert Beveridge Net Worth

Lauren Sánchez Net Worth

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Lauren Sánchez net worth and salary: Lauren Sánchez is an American news anchor and entertainment reporter who has a net worth of $30 million. Lauren Sánchez was born in Albuquerque, New Mexico in December 1969. She has appeared on several television series and co-hosted the TV series Good Day LA on KTTV Fox-11. Sanchez also hosted the 10 o'clock news for the station. She worked as a weekend anchor and special correspondent for the series Extra. Lauren Sánchez has also regularly appeared on many other TV series including Larry King Live, Showbiz Tonight, The Joy Behar Show, and The View. As an actress she has also appeared in several films and episodes of TV series including Babylon 5, Fight Club, Girlfriends, The Day After Tomorrow, Cellular, The Longest Yard, Fantastic Four, Akeelah and the Bee, Fantastic 4: Rise of the Silver Surfer, College Road Trip, Killer Movie, NCIS, Days of Our Lives, We Bought a Zoo, Ted 2, and more. Lauren has been married to agent Patrick Whitesell since 2005. Patrick is one of the two primary partners in the agency WME which owns the UFC as well as agencies IMG and Endeavor. Patrick's net worth is north of $300 million thanks to his ownership stake in the agency. In 2006, the two paid $11 million for a Beverly Hills mansion. In 2017, they paid $4.5 million for the vacant lot next door to expand their yard. That lot was previously owned by the late director Tony Scott who bought in 2003 for $800,000. Tony's widow sold the lot for $2.85 million to a real estate developer who then sold it to the Whitesell/Sanchezes for $4.8 million. That's a $2 million profit for holding the lot for ONE WEEK. Patrick and Lauren must have really wanted to own it!

Read more: Lauren Sánchez Net Worth


Charlie Cox Net Worth

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Charlie Cox net worth and salary: Charlie Cox is an English actor who has a net worth of $5 million. Charlie Cox was born in London, England, United Kingdom in December 1982. From 2011 to 2012 he starred as Owen Sleater on the television series Boardwalk Empire. Cox began starring as Matt Murdock / Daredevil on the TV series Daredevil in 2015. In 2017 he also played the same role on the TV mini-series The Defenders. Charlie Cox has starred in several films including dot the I, The Merchant of Venice, Things to Do Before You're 30, Casanova, The Maidens' Conspiracy, Stardust, Stone of Destiny, Glorious 39, There Be Dragons, Hello Carter, The Theory of Everything, King of Thieves, and more. He has also appeared in episodes of the TV series Judge John Deed, Lewis, Downton Abbey, Moby Dick, and more. Charlie Cox won a Screen Actors Guild Award for Outstanding Performance by an Ensemble in a Drama Series for Boardwalk Empire in 2012 and was nominated for the same award in 2013 and 2015.

Read more: Charlie Cox Net Worth

Natalie Alyn Lind Net Worth

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Natalie Alyn Lind net worth and salary: Natalie Alyn Lind is an American actress who has a net worth of $3 million. Natalie Alyn Lind was born in June 1999. She is the daughter or actress Barbara Alyn Woods and producer John Lind. Her two young sisters Alyvia and Emily are also actresses. In 2015 she starred as Silver St. Cloud on the television series Gotham. Lind starred as Dana Caldwell on the TV series The Goldbergs from 2013 to 2017. She began starring as Lauren Strucker on the series The Gifted in 2017. Natalie Alyn Lind has starred in the films Blood Done Sign My Name, Kaboom, and Mockingbird. She has also appeared in episodes of the TV series One Tree Hill, Army Wives, Flashpoint, iCarly, Criminal Minds, Wizards of Waverly Place, Murder in the First, Chicago Fire, and more. In 2018 she was nominated for a Young Artist Award for Best Performance in a TV Series – Leading Teen Actress.

Read more: Natalie Alyn Lind Net Worth

Christian Borle Net Worth

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Christian Borle net worth: Christian Borle is an American actor who has a net worth of $3 million. Christian Borle was born in Pittsburgh, Pennsylvania in October 1973. He has acted on stage in addition to in film and television and has won two Tony Awards for starring as William Shakespeare in Something Rotten! And as Black Stache in Peter and the Starcatcher. From 2012 to 2013 he starred as Tom Levitt on the TV series Smash. Christian Borle has had recurring roles on the series Masters of Sex as Frank Masters in 2014 and on the series The Good Wife as Carter Schmidt from 2013 to 2015. He has appeared in the films Stonewall, The Bounty Hunter, and Blackhat. Borle has also appeared in episodes of the TV series Law & Order, The Sound of Music Live!, Sweeney Todd: The Demon Barber of Fleet Street: Live from Lincoln Center, Peter Pan Live!, Gilmore Girls: A Year in the Life, and more.

Read more: Christian Borle Net Worth

Neal Dodson Net Worth

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Neal Dodson net worth: Neal Dodson is an American film producer who has a net worth of $10 million. Neal Dodson was born in York, Pennsylvania in May 1978. He has produced several films including Margin Call, Periods., Breakup at a Wedding, Banshee Chapter, Hateship Loveship, Hollidaysburg, A Most Violent Year, Aardvark, Never Here, Jonathan, Viper Club, and more. Dodson produced the TV series documentary The Chair in 2014. He has also produced several shorts including Chinese Dream, Shade, Numero Dos, Another Cinderella Story, Buddy 'n' Andy, Bordeaux, Hostage: A Love Story, Before After, Forefathers, Hags, Before After II, Last Guy on Earth, Nam, DEC. 26, Viking Wives, Re:Creation, Dog Eat Dog, Fops, East of Eden, Couch, and more. As an actor Neal Dodson appeared in episodes of the TV series All My Children and Guiding Light. In 2012 he won an Independent Spirit Award for Best First Feature for Margin Call.

Read more: Neal Dodson Net Worth

Billionaire Roundup: It's A Mad Mad, Mad, Mad World

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Howdy party people. It's almost Halloween. Do you have your costume all picked out? Wow, there has been a lot going on in the world lately and most of it seems to leave people thinking "what the actual f." But even when everything seems to be going insane, our favorite billionaires are still out there doing what they do because, let's face it, their money makes them basically untouchable. In this edition of the Billionaire Roundup, we've got info on missing Tanzanian billionaire Mo Dewji, a Russian billionaire facing a hefty price for his divorce, and the mysterious tale of a Russian setting up an American company before a meeting at Trump Tower.

Missing Tanzanian Billionaire Freed After Nine Days
On October 11th, Africa's youngest billionaire, Mohammed "Mo" Dewji was kidnapped from a luxury hotel in Dar es Salaam as he was leaving the gym. At about 3:15am local time Saturday, he was found. Dewji attended the news conference announcing that he was safe. No details have been provided. It is unclear of his family paid the $440,000 ransom they were offering. Dewji's abduction made international headlines.

A Russian Oligarch And His $586 Million Divorce Battle
Farkhad Akhmedov is a Russian billionaire going through a divorce in the U.K. He's looking at a $586 million payout to his ex-wife Tatiana Akhmedova. He just lost a court case in Moscow where he was trying to prove that his marriage had ended 16 years earlier. Farkhad was ordered to pay his ex-wife $586 million after a trial in London that he refused to take part in because he insisted he was already divorced in Russia. Unfortunately for him, the Moscow City Court rejected his claim that he was already divorced. His ex-wife is trying to seize his 380 foot super yacht the MV Luna to enforce the settlement. The ship is currently impounded in Dubai.

Victor Boyko/Getty Images

Russian Billionaire Set Up American Company Ahead Of Trump Tower Meeting
Aras Agalarov is the Russian billionaire that put together the now infamous meeting at Trump Tower in June 2016. Now it has been revealed that he set up a new American shell company a month before that meeting. The shell company was set up with the help of an accountant who has a number of clients accused of embezzlement and money laundering. Agalarov created the U.S. company anonymously with the intention of moving $20 million into the country during the presidential election. The company was set up in May 2016 by his Russian born accountant.

In June 2016, Agalarov reportedly offered Trump's campaign team damaging information from the Kremlin about Hillary Clinton. That is what led Donald Trump, Jr. to set up the meeting that is now one of the focuses of Special Counsel Robert Mueller's investigation into Russian interference in the U.S. Presidential election.

Agalarov is a Moscow based property developer with close ties to Vladimir Putin.

Read more: Billionaire Roundup: It's A Mad Mad, Mad, Mad World

Inside The $40 Billion Feud Between India's Ambani Brothers

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Mukesh and Anil Ambani are billionaire brothers. Just two years apart, they grew up being groomed to take over the company their father built, Reliance Industries. Reliance Industries first exported spices to Yemen, then entered the yarn business. Mukesh, Anil and their family lived in a two bedroom apartment in the relatively downtrodden Bhuleshwar area of Mumbai. Their building was what Americans would call a tenement. When Reliance began to thrive in the late 1960s, the family moved up into one of Mumbai's best neighborhoods. For years, Mukesh and Anil ran Reliance side-by-side. Then, in 2002, the Ambani brothers' father Dhirubhai Ambani had a stroke and died. He did not leave a will. A war erupted between Mukesh and his brother Anil over Reliance Industries. The fight over Reliance would last several years until their mother Kokilaben intervened and brokered a peace. The resulting agreement gave Anil control of all of Reliance's telecommunications, asset management and entertainment. Mukesh was given the company's oil, textile and refining assets.

Today, the divide between the Ambani brothers remains. But one of them is doing considerably better than the other – about $40 billion better. Mukesh Ambani, at 61, has a $40 billion fortune. His little brother Anil Ambani, just $1.5 billion.

PRAKASH SINGH/AFP/Getty Images

Mukesh has been the driving force behind a push to bring India into the 21stcentury in its telecommunications industry. Reliance Industries Ltd. has $100 billion in revenue. He has had a great year. Anil, on the other hand, hasn't had such a great year. A number of his businesses have faced legal and liquidity challenges that caused his company stock to plummet and erase nearly half his net worth.

Note that Anil was given Reliance's telecommunications unit. However, it is Mukesh who has spent $35 billion of Reliance's money to bring the first all 4G wireless network to India, called Reliance Jio. This allows him to offer free phone calls and exceptionally inexpensive data and give 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.

When Reliance was divided between the brothers in 2005, there was a non-compete clause in place. That non-compete was thrown out in 2010 and Mukesh began his invasion of the Indian telecommunications industry.

Jio was a very big bet for Mukesh. It also gives Mukesh the chance to build a company – and thus a legacy – outside of the specter of the company he inherited. Mukesh has been pouring money into this venture for most of the past decade and only now starting to see returns. It was worth the wait.

Jio's 4G network hit remote Indian villages in 2016. By this summer, less than two years later, Jio had 227 million users and is turning a profit. Competitors were scrambling to keep up and couldn't, as Mukesh's company was offering phone and data plans for $2.10 a month.

PUNIT PARANJPE/AFP/Getty Images

It was the brothers' father's old oil and petrochemicals business that ultimately funded Mukesh's 4G network. Of course, Mukesh has grown Reliance by leaps and bounds since he took over, but it is still the oil and petrochemicals division that accounts for 90% of Reliance's profit.

During the same time period, Anil has been selling off assets to satisfy investor worries about the debt load of his companies that has contributed to the decline in share prices. Anil also invested billions to expand his business, but the fact is he didn't have the oil and petrochemical arm of the business to fuel growth. So, like many Indian businesses, Anil's companies took on debt to finance growth. This borrowing spree by Anil and other business owners has led India's banks to have one of the worst bad loan ratios in the world. When the central bank of India started cracking down on the $210 billion of debt, companies who had highly leveraged themselves found themselves in trouble. This is where Anil and his companies are at right now.

Anil's Reliance Naval & Engineering Ltd. has been the worst performer in his portfolio, with a 76% drop in share price. Anil bought the company in 2015, betting that defense would be the next big growth segment. This company's loan accounts have been "irregular or substandard" since 2014, according to a statement from the company. Two of Reliance Naval's creditors have an ongoing lawsuit that will likely send the company into insolvency.

Anil's Reliance Infrastructure Ltd., which built the first metro line in Mumbai, missed a bond payment this summer while it was waiting for the money from the sale of its power transmission assets. Reliance Power Ltd., which is also Anil's, has been in decline for a decade. Reliance Capital Ltd. has also had a decline in share price this year.

The biggest challenge Anil faces, however, is from Mukesh's business.

Reliance Communications Ltd was once the flagship of Anil's portfolio. However, it has been slammed by the price war Jio started. Rcom sold its 178,000 kilometer fiber optic network for 30 billion rupees as part of a plan to divest of all of its wireless assets and leave the mobile phone business entirely. Mukesh's Jio was the buyer.

The success of Mukesh's telecommunications business brings the battle of the brothers to an end. $40 billion is a big mountain to climb, and Anil's next venture carries no guarantees of success. Anil is now gradually selling off RCom to pay its debts and refocusing his company on real estate. He is working on a planned city across the bay from Mumbai that he thinks will create $250 billion in value for investors.

Meanwhile Mukesh is gearing up to get into an e-commerce platform that would merge his telecom and retail businesses to take on Amazon and Walmart.

Mukesh Ambani: $40 billion and growing.
Anil Ambani: $1.5 billion, fortune has dropped by 50% this year.

Read more: Inside The $40 Billion Feud Between India's Ambani Brothers

DJ Khaled Is Buying A $25.9 Million Waterfront Home In Miami

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Producer and social media star Khaled Mohamed Khaled, known to the world as DJ Khaled, is splurging on a big waterfront Miami Beach home, reports the Wall Street Journal. The report says that Khaled has signed a contract to purchase the house for some $25.9 million.

The property sits on about an acre of waterfront Miami Beach land, with 105 feet of waterfront altogether and a private dock on Indian Creek. The house itself measures in at 13,000 square feet, and inside boasts five bedrooms between its two stories.

It's difficult to imagine Khaled living in a house without plenty of amenities, and this house provides them. There's a high security "safe room," a private elevator, and a home movie theater. In the backyard, guests (and there's sure to be a lot of guests) will find an 80-foot swimming pool, a two story gazebo complete with winding staircase, and a cozy four bedroom guesthouse – the latter bringing the property's total bedroom/bathroom specs to nine bedrooms and ten and a half bathrooms.

Going back to the main house, the Los Angeles Times highlights its "expansive great room topped by Cumaru wood ceilings, a sleek dining room and a kitchen anchored by an oversized island," as well as the "mahogany-draped master suite [which] opens to a private balcony." You can take a look at Khaled's new digs below:

The final interesting detail of this sale has to do not with DJ Khaled or the property itself, but its current, soon to be former owner. It's Michael Lerner, who bought the land in 2013 for a little under $5 million before having the house built himself. If you don't recognize Lerner's name, you're still probably familiar with his most famous creation: The "Baby On Board" sign, hugely popular in the 1980s and still seen on some family automobiles today. He is reportedly selling the property because he plans to move to Palm Beach.

Read more: DJ Khaled Is Buying A $25.9 Million Waterfront Home In Miami


Alex Rodriguez Asks Judge To Reduce Spousal Support To "Wealthy" Ex-Wife. Claims His Income Has Dropped 90%!

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Alex Rodriguez has reportedly hit his breaking point with regards to the spousal and child support payments he's required to pay to his ex-wife, Cynthia Scurtis. He's reportedly been on the hook for a total of $115,000 per month since the two split back in 2008, and now he's fighting to get that number reduced since he's making a lot less per year than he was with the Yankees.

A source close to the situation says that the plan was always for the support payments to be renegotiated when Rodriguez retired from his Yankees gig, but for whatever reason, that hasn't successfully happened yet, and A-Rod is still paying the same amount he was when he was making $30 million a year even though  he's only making $3 million a year, month after month. That's a 90% drop FYI.

A-Rod is still extremely rich with a net worth of $350 million but apparently annual income is a big factor when calculating spousal support. Another factor he thinks is important? His ex's extreme wealth!

Ethan Miller/Getty Images

A-Rod says that while his income has dropped 90 percent since his baseball days, Scurtis is now a "rich woman," with millions of dollars to her name as well as three separate homes and several different cars. He's also reportedly upset that she now has a child with her new fiance, and feels that in addition to supporting his own two kids and her with his monthly payments he's subsidizing these newcomers as well.

According to A-Rod's own calculations, the expenses for their two children, 13-year-old Natasha and 10-year-old Ella, come to somewhere between $7,000 and $12,000 a month, and he says that he wants his payments reduced to $20,000 a month plus expenses and school tuition for the kids. Scurtis on the other hand, doesn't seem to disagree that lower payments would be fair but she wants something closer to $50,000 a month, so negotiations between the two are as of this writing in a deadlock. Hopefully some mutually satisfactory agreement will be reached soon, but that may take a while.

Read more: Alex Rodriguez Asks Judge To Reduce Spousal Support To "Wealthy" Ex-Wife. Claims His Income Has Dropped 90%!

South Mapleton Drive Is The Most Expensive And Exclusive Street On Earth

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Everyone knows Los Angeles real estate is crazy. It is pure insanity. In my neighborhood, for instance, 100 year old, 1100 square foot houses go for $1.2 million. Usually, developers buy them, tear them down, and build 5,000 square foot box like McMansions that then sell for $3 million. If you want a one or two bedroom condo, that's going to set you back $700,000 to $900,000 or more. And that's just my hood. I do not live in Beverly Hills or Holmby Hills where the truly expensive homes and estates lie. In fact, one street in Los Angeles absolutely takes the cake as the most expensive and exclusive street in not just L.A., but the world. Welcome to South Mapleton Drive in the Holmby Hills neighborhood of Los Angeles.

Sit down San Franciscans, San Jose dwellers, New Yorkers, Shanghai residents, and people from Hong Kong. I'm sure you could make an argument for streets in your cities that are eye poppingly expensive. But here's the thing, they aren't South Mapleton Drive. Located in the heart of Holmby Hills, the street's most famous house sits at the southernmost end of the street. You may have heard of Spelling Manor. Another famous house on the street you've surely heard of is the Playboy Mansion—technically the address is not on Mapleton but it does have a secondary entrance on the pricey drive. On the east, South Mapleton Drive is bounded by the exclusive Los Angeles Country Club. On the west side, the UCLA/Westwood area abuts it.

Image via Flickr user Eric Beteille/Wikimedia Commons

Current residents of South Mapleton Drive include Formula 1 heiress Petra Ecclestone, Twinkie heir Daren Metropoulos, Google's Eric Schmidt,  Napster's Sean Parker, legend Jimmy Iovine, heiress Alexandra von Furstenberg, restaurateur Michael Chow, director Ridley Scott, Obama's White House interior decorator Michael S. Smith, P. Diddy, private equity mogul Justin Chang and his author wife Amanda Brown (Legally Blonde), former head of Paramount Frank Mancuso, Sr., hedge fund tycoon David Kaplan, and businessman Marc Nathanson.

Last year one of the smallest houses with the worst location on the block—it is on the corner of South Mapleton Drive and Sunset Boulevard, sold for $15,072,000 to Chinese retail mogul Alfred Chan and his Italian fashion designer wife Fiona Cibani. Yes, you read that right? The cheapest house on the block sold for $15 million. Three of the homes on the long street have sold in the past few years for more than $40 million. No other street in Los Angeles can claim these kind of high priced real estate stats.

There is a current palatial estate being built on South Mapleton Drive, three doors down from Petra Ecclestone and in between Alexandra von Furstenberg's and Daren Metropoulos' properties. The new home is being built by architect Richard Landry, who has enormous mansions he designed dotting Los Angeles' most exclusive 'hoods and beaches.

The 1.29 acre property was last sold for $14.4 million in 2011 by Lions Gate Entertainment CEO Jon Feltheimer, who had purchased it in 2009 for $9.8 million. The current owners are Gurgen and Artyom Khachatryan—sons of Gagik Khachatryan, Armenia's Finance Minister. They tore down the existing home on the property. The house under construction is expected to be a two story mansion with a full basement containing an indoor pool, a five car garage, and detached pool house with its own basement.

Construction on the Landry designed mansion is still in the early stages.

This isn't the only property on South Mapleton Drive owned by the Khachatryan brothers. In 2010, they bought an estate dating back to 1939 located at 355 South Mapleton Drive. They got a serious deal on this home–$11 million. Of course, it was during the height of the economic recession. In June 2016, the brothers put the home on the market for $35 million. They didn't flip it—no changes were made to the property—they just wanted to sell it for triple the amount they paid for it six years earlier. The house did not sell. So, the brothers chopped the price to $26.5 million.

In April, super high end developer Nile Niami sold a 30,000 square foot spec mansion on the exclusive street with 19 bathrooms and a cosmetic upkeep suite for $44 million to an unidentified Saudi. A few months later, Niami sold another South Mapleton mansion for $39 million.

But let's get back to the street's most famous house—the Spelling Manor. The 55,000 square foot mansion sits on the corner of South Mapleton and Club View Drive. In 2011, the mansion sold to Petra Ecclestone for $85 million. She put $20 million into updating the home. She recently put the property on the market for $150 million.

Read more: South Mapleton Drive Is The Most Expensive And Exclusive Street On Earth

Le'Veon Bell Has Now Given Up More Money Than Any Other Running Back Will Make This Season

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After a rocky start, the Pittsburgh Steelers now sit atop the AFC North eight weeks through the season. One player notably absent from the roster is running back Le'Veon Bell. Bell has been sitting out all year long, not wanting to risk injury or extra wear and tear before entering free agency this offseason.

However, Bell's caution has come at a price. Specifically, $6.84 million. That's how much he's forfeited by missing the first eight weeks of the year.

Under the franchise tender, Bell's 2018 salary would be a little more than $14.5 million and he's lost nearly half of it. But what's most impressive is that simply what Bell has forfeited is more than any other running back will make this year, excluding signing bonuses.

The next three highest-paid running backs are LeSean McCoy ($6.3 million salary this season), Lamar Miller ($5.75 million) and Latavius Murray ($4.6 million).

Dilip Vishwanat/Getty Images

Remember, those salaries are for the entire year. Bell has lost more than that through eight weeks.

Still, it's understandable why Bell is holding out. The Steelers are unwilling to give him a contract he deems worthy, so he's saving himself for free agency.

That might still mean a return to Pittsburgh, but he's going to hold out as long as he can. He'll need to report by Week 11 to actually be able to sign elsewhere this off season.

Until then, expect Bell to continue to lose millions – and be totally okay with it.

Read more: Le'Veon Bell Has Now Given Up More Money Than Any Other Running Back Will Make This Season

Stephen King Sells Short Story Film Rights To Film Students For $1

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Stephen King has one of the most famous names in fiction, and he's especially well known for the movie and TV adaptations of his novels and short stories. Carrie, The Shining, and last year's IT are just some of the most famous blockbusters based on his work, and there are countless more of varying degrees of quality out there as well as in the works. That means that film rights to something he's written can go for big bucks, but a group of film students out of Wales have secured those rights to one King short story for the sum of just one dollar.

The story is "Stationary Bike," which according to its official synopsis on King's official site is about a man named Richard Sefkitz, who buys a stationary bike on the advice of his doctor. Then:

"To help alleviate the boredom, he buys maps and plots a route from New York to Herkimer, a town on the U.S./Canadian border, each day marking the amount of miles he has 'ridden' towards his goal. He also paints a scene of a road on the blank wall in front of the bike to help him imagine actually traveling the road. As he nears Herkimer (according to the miles plotted on his map, at least) and has gotten in great shape physically, he begins having strange thoughts that there is someone following him on his daily rides."

Mashable reports that 16-year-old Alfie Evans and 14-year-old Cerys Cliff of Blaenau Gwent Film Academy have their sights on the story, for a production that will likely involve about 30 students altogether. Tutor Kevin Phillips explains how the rights were secured for the low, low price of a buck, and it was probably simpler than you think:

"We knew already that Stephen King was excellent at supporting education establishments. [And] we came across this website where, actually, he releases many of his short stories for adaption, you know non-profit of course … We pretty much emailed his secretary, Margaret, and she came back to us in 24 hours, and we told her what we wanted to do, that it's not for profit, that our students would be making it, and she sent us a contract through which was signed by Stephen King himself."

Scott Eisen/Getty Images

The website Phillips mentions is part of King's own official site called "Dollar Babies," which is a list of King's stories not optioned for any major movie or television adaptations. As a kind of public educational service, King offers these stories up for just a dollar, a practice he reportedly started back in 1977 towards the beginning of his success in writing.

In addition to the dollar fee, Phillips says the contract has one other major condition to satisfy King:

"They insist that we send him a copy. That was part of the contract — Stephen always loves to see the work and please send him a DVD when it's all complete."

The most notable alumnus of King's "Dollar Babies" program, so far, is Frank Darabont, who put together a student production of "The Woman in the Room" in 1983. After that, he went on to become a major Hollywood filmmaker, continuing his association with King, writing and directing three features based on King's stories that you're almost certainly familiar with: The Green Mile, The Shawshank Redemption, and The Mist.

Read more: Stephen King Sells Short Story Film Rights To Film Students For $1

Floyd Mayweather Just Bought This Opulent Las Vegas Mansion For $10 Million In Cash

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A year ago, Floyd Mayweather earned around $300 million defeating Conor McGregor. As a special treat, he rewarded himself a month later with a $25 million Beverly Hills mansion. So is the long-time Vegas resident giving up the desert life for 90210? Not exactly. In fact, Floyd appears to be building a mini real estate empire. His latest acquisition? A $10 million Las Vegas estate.

Located 12 minutes west of the strip, a roughly 30 minute drive, Floyd's newly-constructed estate is located in a private gated community called Queensridge.

He paid cash in an off-market transaction for the 11-bedroom, 14-bathroom, 21,861 square foot mansion. The 61,420 square-foot property features multiple guest houses, a vineyard, indoor and outdoor pools and an underground 20-car garage.

This image is courtesy of Floyd's listing agent Kamran Zand of Luxury Estates International.

Kamran Zand/Luxury Estates International

As you can see, it's an extremely opulent mansion fit for a king. Or in this case, fit for the king of money. As of this writing, we peg Floyd Mayweather's net worth at $560 million. His career earnings top $1.1 billion.

Floyd has posted a few videos of the mansion on his instagram account. Honestly, it looks like something a Roman emperor would build. Check these videos out:

 

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Read more: Floyd Mayweather Just Bought This Opulent Las Vegas Mansion For $10 Million In Cash

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