Quantcast
Channel: Celebrity Net Worth
Viewing all 22360 articles
Browse latest View live

Wizkid Net Worth

$
0
0

Wizkid net worth: Wizkid is a Nigerian singer and songwriter who has a net worth of $4 million. Wizkid was born in Surulere, Lagos, Lagos State, Nigeria in July 1990. His musical genres include Afrobeat, Afropop, reggae, dancehall, hip-hop, and pop. He started recording music when he was 11 years old. His debut studio album Superstar was released in 2011 and his album Ayo was released in 2014. Wizkid released the album Sounds from the Other State in 2017 which reached #91 in the UK and #107 in the US as well as #58 in Canada. He had success with the single "Come Closer" (featuring Drake). Wizkid is best known for being featured on the single "One Dance" by Drake featuring Kyla which reached #1 on the Billboard Hot 100, the US R&B/Hip-Hop chart, and in Australia, Canada, France, Ireland, New Zealand, Switzerland, and the UK. He was featured in the 2018 Guinness World Records for his contributions to the song.

Read more: Wizkid Net Worth


Marina Acton Net Worth

$
0
0

Marina Acton net worth: Marina Acton is a Ukrainian singer who has a net worth of $100 million. She graduated from Stanford and George Washington University Law School. Acton was a formal legal assistant for Ukraine's Prosecutor General. She went to acting school and started a singing career with the single "Fantasize". Acton now lives in Los Angeles, California and is good friends with Kim Kardashian. Well, the two are sort of friends. When Marina purchased Kardashian's home for $17.8 million she reportedly included an agreement that made Kim pretend to be her friend in several social media posts. She has also been an intern for the federal courts in Washington, D.C. Marina Acton is not married to WhatsApp co-founder Brian Acton as some have reported.

Read more: Marina Acton Net Worth

Ian Eagle Net Worth

$
0
0

Ian Eagle net worth and salary: Ian Eagle is an American sports announcer who has a net worth of $1 million. Ian Eagle was born in Essex Falls, New Jersey in February 1969. His father was entertainer Jack Eagle. Ian Eagle graduated from Syracuse University. He is an announcer for the National Football League on CBS as well as the NBA's Brooklyn Nets on the YES Network. Eagle hosts the basketball talk show Full Court Press on Sirius Satellite Radio with Kenny Smith. He has also announced for the NBA, NCAA men's basketball, tennis, boxing, NCAA track and field for CBS, and the Army-Navy football and basketball games. He got his start by announcing for the Syracuse Orangemen on WAER. He then moved to WFAN Radio as a producer before he got his own show and then did pre and postgame for the New York Jets. His broadcasting partners have included Dan Fouts, Clark Kellogg, Mike Fratello, Chris Webber, Boomer Esiason, and more.

Read more: Ian Eagle Net Worth

Louis Sachar Net Worth

$
0
0

Louis Sachar net worth: Louis Sachar is an American author who has a net worth of $10 million. Louis Sachar was born in East Meadow, New York in March 1954. He is known for his works of young adult mystery and comedy. His best known series is Wayside School and he has won awards for Holes including the U.S. National Book Award for Young People's Literature in 1998 and the Newbery Medal in 1999 for the "most distinguished contribution to American literature for children". Holes was published in 1998 and ranked #6 on the School Library Journal's list of children's novels. Sachar's Wayside School series includes the books Sideways Stories from Wayside School, Wayside School is Falling Down, Sideways Arithmetic From Wayside School, More Sideways Arithmetic From Wayside School, and Wayside School Gets A Little Stranger. He has also authored the Marvin Redpost series and several standalone works including Johnny's in the Basement.

Read more: Louis Sachar Net Worth

Southside Johnny Net Worth

$
0
0

Southside Johnny net worth: Southside Johnny is an American singer and songwriter who has a net worth of $2.5 million. Southside Johnny was born in Neptune, New Jersey in December 1948 as John Lyon. He is the front man of his band Southside Johnny and the Asbury Jukes. Southside Johnny is considered to be the grandfather of the New Jersey sound and Jon Bon Jovi has said that he was his reason for singing. Southside Johnny and the Asbury Jukes formed in 1975 and released their debut studio album I Don't Want to Go Home in 1976. They have also released the albums This Time It's for Real in 1977, Hearts of Stone in 1978, The Jukes in 1979, Havin' a Party in 1979, Love Is a Sacrifice in 1980, Better Days in 1991, Messin' With the Blues in 2000, Going To Jukesville in 2002, Into the Harbour in 2005, Pills and Ammo in 2010, and Soultime! In 2015. He has also released albums as Southside Johnny & the Jukes, Southside Johnny, Southside Johnny with La Bamba's Big Band, and Southside Johnny & the Poor Fools.

Read more: Southside Johnny Net Worth

Rob Kardashian Wants His Child Support Payments To Blac Chyna Reversed Because She's A Millionaire

$
0
0

Rob Kardashian is fed up with the child support payments he's obligated to make to ex Blac Chyna every month, and in documents turned up by The Blast, he's revealed to be fighting in court to not have the payments reduced, but to actually flip it so Chyna is the one paying him every month.

As it stands now, Kardashian owed Chyna $20,000 a month. But he says he "can no longer afford these orders," and that thanks to his obligations to Chyna his finances have cratered from about $100,000 a month when they split up to less than $10,000 a month now. He goes on, in his declaration to the court:

"I have not participated in the filming of any episodes since this summer when [Chyna] filed a request for a restraining order against me. Her request was widely publicized and I was scrutinized by the media."

"It has been an extraordinarily difficult time for me emotionally and I have no desire to continue participating in the reality show. I would like to maintain my privacy, try to recover from the emotional damage of the past several months, and explore other business ventures."

Greg Doherty/Getty Images

The "reality show," of course, is Keeping Up with the Kardashians, which used to be a guaranteed million bucks a year for Rob. But in 2018, his compensation for being on the show diminished along with his participation, and he was only paid for episodes he actually appeared in at the "reduced rate" of $50,000 per, and he says he "has no desire to" continue participating in the program, nor is he under any contractual obligation to do so.

Chyna, on the other hand, according to Kardashian, is doing great, pulling in a healthy $60,000 a month and worth about $1.4 million. Because of this, he wants the current child support arrangement flipped around so that instead of paying her $20,000 a month, he's the one getting paid – $2,864 a month for his shared custody of their son Dean.

Chyna disputes Rob's mathematics, and earlier this year a judge ordered that all child support obligations be suspended until the case is sorted out. The final decision, meanwhile, is slated to be reached by a judge next month.

Read more: Rob Kardashian Wants His Child Support Payments To Blac Chyna Reversed Because She's A Millionaire

Billionaire Roundup: Look For The Helpers, But If You Work At Facebook, Make Sure Your Phone Is An Android

$
0
0

It's been a wild time here in California this past week. From the Borderline Bar and Grill shooting in Thousand Oaks where 12 innocent people lost their lives to the wildfires raging in Northern and Southern California, it seems like the Golden State can't catch a breath. Thank goodness there are billionaires (and in this case multi millionaires) to distract us. In this edition of the Billionaire Roundup, we're taking a page from the gospel of Mr. Rogers: "look for the helpers." So, in no particular order, we're looking at one Los Angeles man who is reported to be a billionaire who is delivering supplies to Malibu and at Miley Cyrus and Liam Hemsworth and the foundation they've set up to help victims and communities affected by the wildfires. We've also got a Russian billionaire and the heap of trouble he's in and Mark Zuckerberg's problem with Apple and a surprising move by a billionaire politician. Buckle up, this is the latest edition of the Billionaire Roundup.

Zuckerberg Tells Staff To Only Use Android Phones
IDK why this amuses me, but it does. Facebook's Mark Zuckerberg is butt hurt over something Apple CEO Tim Cook said. Earlier this year when Facebook was under fire for the Cambridge Analytica scandal—remember when 87 million Facebook profiles were compromised for political reasons? Cook was asked what advice he'd give Zuckerberg. He replied: "I wouldn't be in this situation." He went on to say that Apple, unlike Facebook, doesn't "traffic in your personal life." He also said that "privacy to us (Apple) is a human right. It is a civil liberty."

Reportedly, Cook's comments infuriated Zuckerberg. He then ordered his management team to use Android phones exclusively, telling them that "the operating system has far more users than Apple."

Stephanie Keith/Getty Images

Look For The Helpers: Miley Cyrus and Liam Hemsworth
Miley Cyrus and Liam Hemsworth lost their Malibu home in the devastating Woolsey Fire that ripped through Ventura and Los Angeles Counties and devastated Malibu. If they were super upset and angry about it, that would be understandable. But they aren't. They got out. They got their animals out (and they have a lot of them including mini horses and pigs). Miley and Liam have donated $500,000 to the Malibu Foundation through Miley's charity The Happy Hippy Foundation.

A representative for Miley said: "Miley and Liam lost their home but are very grateful to be safe along with their animals! Their community and state are very special to them and they want to give back to the place that has created so many beautiful memories for themselves and others,' a representative for Cyrus said on Tuesday. These funds will be used for those in financial need, emergency relief assistance, community rebuilding, wildfire prevention and climate change resilience."

Billionaire Russian Oligarch Charged In Art Fraud In Monaco

Recently we told you about Dmitry Rybolovlev being detained for questioning in Monaco in relation to a corruption case.  Rybolovlev is a fertilizer magnate but is most well known for his art savvy and his expensive divorce. He formerly owned Leonardo da Vinci's Salvator Mundi, the most expensive piece of art to ever sell in an auction, fetching a whopping $450.3 million. Rybolovlev, who bought the painting four years earlier for $127.5 million, made a hefty profit. Rybolovlev was questioned in relation to the role he played in attempting to influence Monaco's law enforcement investigators in a long-running dispute with Swiss art dealer Yves Bouvier. Rybolovlev alleges Bouvier conned him out of $1 billion by inflating the price of 38 pieces of art he bought over a decade. Rybolovlev is suing Bouvier in Monaco, Singapore and Switzerland. Bouvier has denied wrongdoing.

Well, now we can report that Rybolovlev has been charged in connection with the corruption investigation. He was charged on November 7th. He was detained overnight and released. Reportedly, he has returned to Moscow. He denies any wrongdoing.

Look For The Helpers: Wine Billionaire Floats Aid To Malibu

Malibu has been ravaged by fires. So, one local businessman whom the Los Angeles Times reports is a billionaire (we cannot back that claim up), loaded up his 143-foot yacht with supplies and headed to Malibu. The Leight Star belongs to Howard Leight who together with his son owns the Malibu Rocky Oaks winery. His yacht is worth tens of millions of dollars. Leight spent Friday and Saturday fighting off the fires at his winery and his home. When he was done, he wanted to give back.

The Leight Star was stocked with 3,000 bottles of water, 100 gallons of fuel, snacks, dog food, shovels, and a whole lot of beer. Smaller boats were tied behind the yacht to offload supplies. Surfers paddled their surfboards out to help unload the supplies.

So far, the Woolsey fire has burned more than 98,000 acres and more than 500 homes and 57,000 homes are still threatened. The fire is as large as the city of Denver. It is 57% contained as of this writing.

Illinois' Billionaire Governor Elect Will Not Take A Salary

J.B. Pritzker won the governor's seat in Illinois in the recent elections. He spent a record $171.5 million of his own $3.4 billion fortune on his winning campaign. He just announced that he will forgo his state salary. Illinois' state government's annual spending is nearly $38.5 billion. By comparison the $177,412 annual salary the governor receives is a pittance. With Illinois sitting on $7.5 billion in unpaid bills, refusing a salary sends a clear message to voters and lawmakers. Pritzker means business.

Read more: Billionaire Roundup: Look For The Helpers, But If You Work At Facebook, Make Sure Your Phone Is An Android

How The Lauder Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $24.3 Billion

$
0
0

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 Lauder family is the 24th wealthiest family in the world with a combined $24.3 billion net worth. Estee Lauder started the family business in 1947 when she received her first major order for $800 worth of skincare products from Saks Fifth Avenue. Today, the family business includes 30 different brands of makeup – including Clinique and MAC – and generates $12 billion in revenue.

"I didn't get here by dreaming or thinking about it. I got here by doing it."-Estee Lauder

Estee Lauder was born Josephine Esther Mentzer in Queens, New York in 1908. Her parents were Jewish immigrants from Hungary and Czechoslovakia and owned a hardware store, above which the family lived. As a child, Lauder was embarrassed by her parents' old country ways and heavily accented English. She dreamed of being 100% American. She helped out in her father's hardware store, where she learned the business of retail and how to be an entrepreneur at a young age. However, she really wanted to be an actress.

Ronald Lauder, Aerin Lauder, Jane Lauder and Leonard Lauder (Photo by Slaven Vlasic/Getty Images)

After World War I broke out, her uncle John Schotz came to live with her family. He was a chemist who made skin care products. He set up a makeshift laboratory in the stable behind Estee's house and began mixing face creams with his niece by his side. She watched and learned. Suddenly, she no longer wanted to be an actress, she wanted to be a scientist. She took her uncle's products to her high school and gave classmates makeovers to demonstrate the quality of her uncle's products.

Before she became the glamorous skin care specialist she was envisioning herself as, she met and married Joseph Lauter, a successful textile salesman. The newlyweds moved to Manhattan and changed the spelling of their name to the original Austrian spelling of Lauder. During the early years of her marriage and even after her first child Leonard was born in 1933, Estee continued to improve and refine her uncle's face creams. She gave free demonstrations at salons, hotels, the subway – anywhere she could draw a captive audience. She also began going to the homes of her clients where she would do makeovers on their friends and sell even more.

All of this made Lauder realize that social contacts were integral in the beauty business, so she decided to reinvent her story. She turned herself into a sophisticated woman with a prestigious lineage. Meanwhile, in her quest for success in the beauty business, her marriage suffered. She and Joseph divorced in 1939.

Estee moved to Miami Beach after her divorce. She sold her products to affluent women on vacation. She also had a number of affairs with wealthy men she hoped could help her expand her business. After three years of this, she realized she really missed her ex-husband. When her son got the mumps, Estee and Joseph reunited to care for him. A new spark of romance was born, and they remarried in 1942. As part of their new marriage, they agreed to try and make Estee's cosmetics company a success. She was in charge of marketing and product development.  He was in charge of finance and manufacturing.

The Lauders opened their first retail store in New York City in 1944. Estee gave birth to her son Ronald that December and returned to work nearly immediately. In 1946, she officially formed Estee Lauder Inc. During the day she sold her products. At night she created the creams and oils for her products. In what turned out to be a genius marketing move, Estee decided to sell her products exclusively at upscale department stores. She turned her focus to Saks Fifth Avenue. She talked them into placing a large order  – which sold out in two days. This success convinced her that she would compete with Revlon, Elizabeth Arden, and Helena Rubinestein – the cosmetics giants of the day.

By the early 1950s, the Estee Lauder line could be found in Neiman Marcus, Marshall Field's, I. Magnin, and Bonwit Teller. Her company was still tiny compared to the leaders in the cosmetics business. Estee wanted to change this, but no ad agency would take her business on. So, the Lauders put their entire $50,000 advertising budget into sample sizes of their products which were given away via gifts with purchases, charity giveaways, and direct mail. This brought in thousands of new customers.

In 1953, Estee introduced her first fragrance. It was called Youth Dew, a bath oil that also doubled as a perfume. At $8.50, it was an affordable luxury for most woman. Sales took off and within a couple of years, Youth Dew made up 80% of Estee Lauder's sales and took the small startup and turned it into a multi-million dollar business.

Estee continued to expand her product line throughout the 1960s. She also added the fashion-oriented, allergy-tested Clinique line. She also expanded into Europe with Paris' Galleries Lafayette and Harrod's of London carrying her products. By the mid-1970s, Lauder's products were sold in more than 70 countries across the globe.

Estee Lauder's cosmetics empire continued to grow through the 1980s and 1990s, becoming the third-largest cosmetics company in the U.S. By 1999, products in the Estee Lauder line made up almost 50% of all retail beauty products sold in the U.S. cosmetics companies that fall under the Estee Lauder banner, including, but are not limited to, Becca, Bobbi Brown, Clinique, Glamglow, La Mer, Mac, Origins, Prescriptives, Smashbox, Too Faced, and Tom Ford Beauty.

Today, Estee Lauder's granddaughter Aerin Lauder, 48, is the image and style director of Estee Lauder, the cosmetics empire founded by her grandmother. She is in line to inherit the family fortune alongside her 45-year-old sister Jane, who is the global brand director for Clinique.

Estee Lauder built her global cosmetics empire on the motto, "There are no homely women, only careless women." She set out to convince those "careless women" that they could be beautiful with a little help from her products. She succeeded, and with her oversized ambition and laser-like focus, took on the established cosmetics industry giants – and won. She dreamed of being 100% American and from a wealthy background as a child of immigrants. What she did was ensure her heirs had the life and background she always dreamed about.

Read more: How The Lauder Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $24.3 Billion


Carmelo Anthony Has Made Nearly $125,000 PER DAY For More Than A Year

$
0
0

The Houston Rockets parted ways with Carmelo Anthony after just ten games this year. The former All-Star came to Houston in hopes of winning a championship and was even willing to come off the bench, something he previously refused to do. The fit just wasn't right, though.

Houston could have waited a month to trade Anthony (because he was acquired this summer, he couldn't be moved until December 15), but they didn't even want to hold onto him that long.

Anthony made $182,740 in his time with the Rockets, despite being on the team for just 94 days. In the grand scheme of things, it's far and away the lowest amount of money a team has paid for Anthony's services.

That doesn't change the fact that Anthony has earned an average of $124,121 PER DAY over the past 418 days he's been on an NBA roster.

Bob Levey/Getty Images

He made $26.2 million in one season with the Oklahoma City Thunder, who then traded him to the Atlanta Hawks. The Hawks quickly bought out Anthony's contract – he made $25.5 million in less than a month!

In total, Anthony has taken home $245.9 million over his NBA career. That includes 10 All-Star selections, six All-NBA appearances, and the scoring title in 2013.

But Anthony has proven to be a liability on defense and is no longer scoring at the effective clip he was earlier in his career. And the Rockets don't have time to wait.

Perhaps another team will give Anthony a shot – he's already reportedly gotten an offer from the Puerto Rican national squad. Fortunately, he has plenty of money to tide him over in the meantime.

Read more: Carmelo Anthony Has Made Nearly $125,000 PER DAY For More Than A Year

Bruce Nauman Net Worth

$
0
0

Bruce Nauman net worth: Bruce Nauman is an American artist who has a net worth of $10 million. Bruce Nauman was born in Fort Wayne, Indiana in December 1941. He uses several different types of media including photography, sculpture, drawing, video, neon, performance, and printmaking. He studied mathematics and later worked as an assistant for Wayne Theibaud. Nauman taught at the San Francisco Art Institute and the University of California at Irvine. Some of his best known works include A Rose Has No Teeth, Eleven Color Photographs, Art Make-Up, The True Artist Helps the World by Revealing Mystic Truths, Burning Small Fires, Wall-Floor Positions, Placing Upside Down, Audio Video Piece for London, Ontario, LA AIR, Henry Moore bound to fair, back view, Please/Pay/Attention/Please, Tony Sinking into the Floor, Face Up, and Face Down, Good Boy Bad Boy, and many more. In 2006 Bruce Nauman was ranked as the number one living artist by Artfacts.net.

Read more: Bruce Nauman Net Worth

The Match: Phil Mickelson Beats Tiger Woods For $9 Million Prize, Plus $400,000 In Side Bets

$
0
0

Over the weekend, Tiger Woods and Phil Mickelson faced off in a one-on-one, pay-per-view match billed as "The Match," notable for its impressive $9 million, winner-take-all prize. After being all tied up at 18 holes, Mickelson eventually took it home with a birdie on the 22nd hole as darkness loomed, snagging that $9 million jackpot in the process. Multiple unspecified portions of that prize have already been pledged to three different charities, but there was also a handful of prop bets making things even more interesting on the side. As per Golf.com, here's a rundown of all The Match's side action.

1. Mickelson First Hole Birdie Bet, $200,000

Earlier in the week, Tiger and Phil drummed up a little extra hype for The Match by putting down $100,000, then at Tiger's insistence, twice that, that Mickelson would score a birdie on the first hole. He had a nine foot putt to win the $200,000, but he missed it, so Tiger took it instead.

2. Closest to the Fifth Hole Pin, $100,000

The next side bet came on the fifth hole at Shadow Creek, a straight closest-to-the-pin contest for $100,000. Mickelson won, allowing him to recoup half of the previous bet's loss.

Ethan Miller/Getty Images

3. Closest to the Eighth Hole Pin, $200,000

Next there was another closest-to-the-pin side bet, this one on the eighth hole, and once again Mickelson won, costing Tiger another $200,000 and putting the overall balance of the side-bets in his favor by $100,000, a trend that would continue throughout the match.

4. Ninth Hole Eagle, $1 Million (!)

This was a side bet that got upped in the heat of competition, as it was originally a $1 million bet that would go to whoever could eagle the ninth hole. That would have required getting the ball in the hole on the second shot, and after a talking it over the two decided to "add a 0 to it," turning a $100,000 bet to a $1,000,000 one. Unfortunately for lovers of seven-figure action, neither Tiger nor Phil really came close to scoring an eagle on the hole.

5. Closest to the Thirteenth Hole Pin, $300,000

The final side bet of "The Match" was another closest-to-the-pin contest, this one for $300,000. And once again Mickelson won, in what was possibly an omen regarding the ultimate outcome of the contest.

Altogether, in addition to the $9 million main prize, Mickelson went home with another $400,000 of Tiger's money.

Read more: The Match: Phil Mickelson Beats Tiger Woods For $9 Million Prize, Plus $400,000 In Side Bets

Meet The Two Hidden Billionaires Who Own Michael Kors, Jimmy Choo And Now Versace

$
0
0

Two men are transforming the fashion industry. Tommy Hilfiger, Jimmy Choo, Michael Kors, and Versace are all owned or have been owned in the past by Silas Chou and Lawrence Stroll. Chou and Stroll met through their fathers and founded Sportswear Holdings in 1989 with the specific purpose of acquiring then-struggling Tommy Hilfiger. At the time, the brand was nothing. Chou and Stroll grew it into a global phenomenon. They sold Hilfiger in 2006 for $1.6 billion.

In 2002, Lawrence Stroll and Silas Chou signed a lease with Donald Trump for the first three floors of the corner of Trump Tower. They used that real estate to open up Asprey & Garrard's New York store in 2003.

In 2003, the duo bought 95% of Michael Kors for $100 million. Kors retained that 5% stake. They took Michael Kors public in 2011. By 2014, the company was doing $3.5 billion in revenue and $1 billion in profit and had a market cap of $20 billion. This gave Chou and Stroll each a net worth of $5 billion at the time. In the years since then, the stock has cooled a bit, but Chou and Stroll are still billionaires (as is Kors) with net worths of $2.7 billion.

Edgar Bronfman, Silas Chou, Lawrence Stroll – Mark Mainz/Getty Images

Chou and Stroll also bought Jimmy Choo for $1.2 billion in 2017. Chou and Stroll have also invested in Karl Lagerfeld and Pepe Jeans.

Silas Chou hails from Hong Kong. His family are renowned textile and apparel manufacturers. His father, also a billionaire, founded South Ocean Knitters, one of the Hong Kong's "largest knitwear manufacturers and exporters," in which he still owns a stake. In 1978, he and his father, founded Xiang Zhou Woollen Mills. Chou's apparel empire includes extensive textile mills, denim plants and design factories located in China, Vietnam and South Asia. He also launched Iconix China Group, which is run by his daughter Veronica. The company distributes fashion brands like Badgley Mischka and Ed Hardy in the country. He met Lawrence Stroll in 1989. Their fathers introduced them.

Lawrence Stroll is from Montreal, Quebec, Canada. Like Chou, his father was also in the apparel business. Stroll began his career with the Pierre Cardin line for women and children. He also brought Ralph Lauren's women's and children's lines to Canada and Europe. He met Chou in 1989. Lawrence Stroll has homes in London, Mont Tremblant, Westmount and Mustique, a private island in the Caribbean

Now, Chou and Stroll have purchased Versace for $2.2 billion. Founded in Milan in 1978 by Gianni Versace, the high-end label is famous for its bold designs and vibrant colors. Remember Liz Hurley's 1994 Oscar dress? It was black and held together with safety pins. It caused quite a stir. That was classic Gianni Versace.

Today, Versace is run by Gianni's family, including his sister Donatella. Prior to the sale, the Versace family owned 80% of the fashion house. Versace's CEO Jonathan Akeryod will keep his job, as will Donatella Versace. Chou and Stroll's holding company, which will be renamed Capri Holdings, plans to grow Versace's worldwide sales to $2 billion as well as grow its retail footprint by adding about 100 new stores to the brand's existing 200 stores. Capri Holdings also plans to increase the higher-margin accessories and footwear offerings from Versace to 60% of sales from 35%.

Read more: Meet The Two Hidden Billionaires Who Own Michael Kors, Jimmy Choo And Now Versace

Chinese Billionaire Li Shufu Moves From Cars To Supersonic Trains

$
0
0

Li Shufu is a Chinese billionaire, largely on the strength of his success in the automotive industry, having in the last ten years expanded his holdings to include Volvo and a majority stake in Daimler AG, as well as at least one flying car startup. But now, Bloomberg reports that Li has designs on another transportation technology: Supersonic trains.

Li's own Zhejiang Geely Holding Group has entered into an agreement with the China Aerospace Science and Industry Corp. to build a new line of supersonic bullet trains, and as Li made clear at an air show in Zhuhai, China, the plan is for the trains to run using newly developed technology:

"Core technology can't be bought. The more you use others' technology, the more reliant you become. We have to innovate on our own. The journey will be tough but the prospects are promising."

NICOLAS MAETERLINCK/AFP/Getty Images

Last year, CASIC said it was working on an ultra-high-speed train that would use magnetic levitation and vacuum tube technology to hit a top speed that would "far exceed" the 1,350 miles per hour of a Concorde supersonic jet. The plan now has been reiterated by CASIC's Chairman Gao Hongwei for a passenger on one of these trains to be able to hit Paris from Beijing in just three hours, now that Li has put his own resources into the project.

In addition to flying cars and supersonic trains, Li has also invested in technology like low-orbit satellites and microchips in recent years. His plans for the flying car industry are arguably even more elaborate than these visions of supersonic bullet trains – last year, his company announced plans to buy Terrafugia Inc, which wants to have a flying car on the market by 2019, and the world's first Vertical Takeoff and Landing car out by the year 2023.

Read more: Chinese Billionaire Li Shufu Moves From Cars To Supersonic Trains

Pink Legacy Diamond Sells For Record $50 Million

$
0
0

A few days ago, you may have heard about the "Pink Legacy" diamond, one of the largest pink diamonds ever, and set to hit the auction block for a likely record-breaking price. Well, the hammer fell, and the Pink Legacy did indeed perform up to expectations, going for $50 million after just five minutes of bidding.

At $50 million, the Pink Legacy, weighing in at just under 19 carats, sold for roughly $2.6 million per carat, which is a new record for pink diamonds. That handily broke the previous record of most expensive per carat pink diamond which was set about a year ago, when a Fancy Vivid Pink diamond just under 15 carats and known to the world as "The Pink Promise" sold for almost $32.5 million – which shakes out to over $2.1 million per carat.

FABRICE COFFRINI/AFP/Getty Images

Christie's says that throughout history only 1 in 100,000 diamonds have been classified as "Fancy Vivid," and that's only one of the factors that distinguish the Pink Legacy. Rahul Kadakia is the International Head of Jewellery at Christie's, and in the auction house's press release announcing the sale he once again waxed rhapsodic on the quality, size, purity, and color of the Pink Legacy, all qualities in which it is virtually unparalleled throughout history:

"The saturation, the intensity of this stone is as good as it gets in a coloured diamond… To find a diamond of this size with this colour is pretty much unreal. You may see this colour in a pink diamond of less than one carat. But this is almost 19 carats and it's as pink as can be. It's unbelievable."

The Pink Legacy diamond was purchased by jewelry company Harry Winston, which immediately took the privilege of renaming it "The Winston Pink Legacy." It was originally owned by the Oppenheimer Family, and Christie's says its sale at auction is "a major moment in auction history," and part of an increased trend in popularity towards pink diamonds of late.

Read more: Pink Legacy Diamond Sells For Record $50 Million

Leo Gorcey Net Worth

$
0
0

Leo Gorcey net worth: Leo Gorcey was an American actor who had a net worth equal to $500 thousand at the time of his death in 1969 (after adjusting for inflation) . Leo Gorcey was born in New York City, New York in June 1912 and passed away in June 1969. He became known for playing the leader of a young group of hooligans which would be known as the Dead End Kids, The East Side Kids, and The Bowery Boys. He had more than 90 acting credits to his name including starring in the films Dead End, Portia on Trial, Mannequin, The Beloved Brat, Crime School, Angels with Dirty Faces, They Made Me a Criminal, Hell's Kitchen, Private Detective, Invisible Stripes, That Gang of Mine, Pride of the Bowery, Flying Wild, Out of the Fog, Bowery Blitzkrieg, Mr. Wise Guy, Lets Get Tough, Smart Alecks, Kid Dynamite, Million Dollar Kid, Follow the Leader, Live Wires, In Fast Company, So This Is New York, Master Minds, Paris Playboys, High Society, and more. Nearly half of his roles came starring as the characters Muggs McGinnis or Slip Mahoney. Leo Gorcey passed away on June 2, 1969 at 51 years old from liver failure.

Read more: Leo Gorcey Net Worth


Jordan Peterson Net Worth

$
0
0

Jordan Peterson net worth: Jordan Peterson is a Canadian clinical psychologist and a professor of psychology who has a net worth of $3 million. Jordan Peterson was born in Edmonton, Alberta, Canada in June 1962. He is a professor at the University of Toronto and graduated from the University of Alberta and McGill University. He has previously been a professor at McGill University as well as Harvard University. Peterson has authored the two books Maps of Meaning: The Architecture of Belief in 1999 and 12 Rules for Life: An Antidote to Chaos in 2018. He is also known for his YouTube videos where he has criticized political correctness as well as the Canadian government's Bill C-16 which added gender identity as a prohibited ground of discrimination. He has also hosted his own podcast called The Jordan B. Peterson Podcast. He created the Self Authoring Suite which is a writing therapy program.

Read more: Jordan Peterson Net Worth

Jack Whittaker Net Worth

$
0
0

Jack Whittaker net worth: Jack Whittaker is an American lottery winner who has a net worth of $100 thousand. Jack Whittaker was born in Jumping Branch, West Virginia in 1947. He is best known for winning a lottery jackpot of $314.9 million in the game Powerball. At the time this was the largest jackpot to ever be one by a single ticket. Before winning the lottery, he was the president of Diversified Enterprises Construction and was a multi-millionaire. He chose to take the cash option which was $113.4 million after taxes. Jack Whittaker began having several legal and personal problems after winning the lottery including having his car broken into and thieves stole more than $500 thousand which he carried with him in a suitcase. His daughter and her boyfriend were found dead in his home on separate instances and his home caught fire at some point. He was also sued by Caesars Atlantic City because he bounced $1.5 million worth of checks, but he countersued.

Read more: Jack Whittaker Net Worth

Rocco Commisso Net Worth

$
0
0

Rocco Commisso net worth and salary: Rocco Commisso is an Italian American businessman who has a net worth of $3.5 billion. Rocco Commisso was born in Marina di Gioiosa Ionica, Calabria, Italy in November 1949. He is best known for being the founder, chairman, and CEO of the 5th largest cable television company in the U.S., Mediacom. Commisso has also worked for several other companies including Chase Manhattan Bank, Cablevision, and The Royal Bank of Canada. In 2017 he became the owner and chairman of the soccer team the New York Cosmos. He graduated from Columbia University and the Columbia Business School and was co-captain of the varsity soccer team. Rocco Commisso started his career working at Pfizer Inc. before joining the financial sector. He serves on the board of directors for the National Cable & Telecommunications Association as well as C-Span and the Cable Television Laboratories, Inc. Commisso was inducted into the Cable Center Hall of Fame and has received many awards.

Read more: Rocco Commisso Net Worth

Bruton Smith Net Worth

$
0
0

Bruton Smith net worth: Bruton Smith is an American racing promoter and race track owner who has a net worth of $1 billion. Bruton Smith was born in Oakboro, North Carolina in March 1927. He is the promoter and owner as well as CEO of the NASCAR track Speedway Motorsports, Inc. Smith was inducted into the NASCAR Hall of Fame in 2016 after being inducted into the International Motorsports Hall of Fame in 2007. He was named the oldest CEO of the Fortune 500 in 2012 by CNN Money. Bruton Smith purchased his first race car at 17 years old and at 18 he began promoting stock car events. He took over the National Stock Car Racing Association in 1949 and the built Charlotte Motor Speedway for $1.5 million in 1959. Smith has also been inducted into the North Carolina Business Hall of Fame. He founded a group of 100 car dealerships in the U.S. called Sonic Automotive.

Read more: Bruton Smith Net Worth

Billionaire Joe Lewis Sells Hockney Painting For Record $90.3 Million

$
0
0

Billionaire currency trader Joe Lewis is building quite a reputation for himself in another financial field: Art collecting. Bloomberg reports he recently made a strong bet on the value of a work by artist David Hockney, and its sale for $90.3 million – in addition to representing a strong profit for Lewis – also makes Hockney "the most expensive living artist at auction."

The work in question is entitled Portrait of an Artist (Pool with Two Figures), and was purchased by Lewis back in 1995 for an undisclosed price from entertainment exec David Geffen, but his betting instincts came not just in whatever profit margin he made but the fact that he declined to offer the painting up to bidders with any reserve, which would have locked in a minimum price. He was instead so confident that the painting would reach or exceed its presale estimated value of $80 million that he went the unusual route of selling it without any guarantee, a strategy that was vindicated by the record-breaking sale of the painting.

ANTHONY WALLACE/AFP/Getty Images

Because of the fact that it was being sold with no guarantee, the bidding could have theoretically started at just one dollar. Instead, the reported opening bid was $18 million, eventually going to one Marc Porter, who took it home for $90.3 million, including a $10.3 million buyer's premium.

Prior to the sale, the most expensive living artist at auction was Jeff Koons, who held the distinction since 2013, when his Orange Balloon Dog sculpture was hammered out for $58.4 million. Of course, both Koons and now Hockney still have a ways to go if they want to be the most expensive living artist period, since Jasper Johns' piece Flag went in a private transaction to hedge fund billionaire Steve Cohen in 2010, when he paid roughly $110 million for it. Meanwhile, this more recent sale was quite a leap in value for Hockney, whose previous auction record was set in May, when his 1990 painting Pacific Coast Highway and Santa Monica went for $28.5 million.

Read more: Billionaire Joe Lewis Sells Hockney Painting For Record $90.3 Million

Viewing all 22360 articles
Browse latest View live




Latest Images