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Fashion Billionaires Have Lost Billions Thanks To "Retail Apocalypse"

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You might not realize it with everything else going on, but the holiday season has brought with it a so called "retail apocalypse" in Europe and elsewhere, and investors all over the world are feeling the pinch. But "pinch" doesn't really describe the loss incurred after a recent single day's trading by fashion billionaires like Anders Holch Povlsen, whose two major stock market investments saw slumps that combined to hand him a loss of almost $600 million.

Povlsen's stake in fashion company ASOS makes him the single biggest shareholder in the company, so its drop left him $525 million poorer. He also has a ten percent stake in another fashion retailer Zalando, whose ten percent decline sheered off another $71 million from his fortune. Of course, even huge losses like that are entirely theoretical until he actually sells off a significant portion of his stock in these companies, and even then his net worth of $4.3 billion leaves him insulated from all but the most cataclysmic financial crises.

MIGUEL RIOPA/AFP/Getty Images

Povlsen is not the only fashion retail billionaire going through tough times recently. There are 38 billionaires in that industry, and together they've lost a reported $57 billion this year. On the same day that Povlsen saw his almost $600 million drop, fellow fashion retail billionaires Amancio Ortega (pictured above) and Stefan Persson saw even bigger losses, at $1.8 billion and $1.1 billion, respectively.

Persson is currently the single richest person in Sweden, while Povlsen is the second richest person in Denmark. And they're all feeling the effects of a "disastrous start" to the holiday shopping season in stores across Europe. The slump isn't just for brick and mortar stores, either, but online retailers as well, with big declines in revenue pretty much across the board, but particularly focused on fashion retailers like the ones owned or invested in by Povlsen, Ortega, and Persson.

Read more: Fashion Billionaires Have Lost Billions Thanks To "Retail Apocalypse"


Brooke Adams Net Worth

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Brooke Adams net worth: Brooke Adams is an American actress who has a net worth of $10 million. Brooke Adams was born in New York City, New York in February 1949. She starred as Cynthia Crackerby on the television series O.K. Crackerby! From 1965 to 1966. Adams starred as Elizabeth on the TV series All Downhill from Here from 2015 to 2017. She has had recurring roles on the TV series Family, Moonlighting, Monk, and BrainDead. Brooke Adams has appeared in several films including Murder in the Rue Morgue, The Great Gatsby, The Lords of Flatbush, Car Wash, Shock Waves, Days of Heaven, Invasion of the Body Snatchers, A Man, a Woman and a Bank, The Dead Zone, Almost You, Key Exchange, Man on Fire, The Unborn, Gas Food Lodging, The Baby-Sitters Club, The Legend of Lucy Keyes, The Accidental Husband, Breakable You, and more. She married Tony Shalhoub in 1992.

Read more: Brooke Adams Net Worth

Anthony Adams Net Worth

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Anthony Adams net worth: Anthony Adams is an American television host, comedian, actor, and former professional football player who has a net worth of $6 million. Anthony Adams was born in Detroit, Michigan in June 1980. He was a defensive tackle who played at Detroit King High School and Penn State. Adams was drafted #57 overall by the San Francisco 49ers in the 2003 NFL Draft. He played for the 49ers from 2003 to 2006 and for the Chicago Bears from 2007 to 2011. He had 278 tackles, 10.5 sacks, and three forced fumbles during his NFL career. As an actor he starred as Anthony "Spice" Adams on the television series Ballers in 2016. Adams hosted the TV series The Great Holiday Baking Show beginning in 2017. He hosted the show Inside the Bears on WFLD and WPWR-TV. Adams has more than half a million followers on Instagram and gave away a pair of Super Bowl XL tickets.

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Angela Bofill Net Worth

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Angela Bofill net worth: Angela Bofill is an American R&B singer and songwriter who has a net worth of $1.5 million. Angela Bofill was born in East Harlem, New York in May 1954. Her debut studio album Angie was released in 1978 and reached #5 on the US Jazz chart. Bofill released the album Angel of the Night in 1979 which reached #2 on the US Jazz chart, #10 on the US R&B chart, and #34 on the Billboard 200 chart. Her album Something About You was released in 1981 and reached #4 on the US Jazz chart. Angela Bofill released the album Too Tough in 1983 which reached #6 on the US R&B chart and the albums Teaser in 1983, Let Me Be the One in 1984, Tell Me Tomorrow in 1985, Intuition in 1988, I Wanna Love Somebody in 1993, and Love in Slow Motion in 1996. Her single "Too Touch" reached #2 on the US Dance chart and #5 on the US R&B chart.

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Dean Ween Net Worth

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Dean Ween net worth: Dean Ween is an American musician and singer who has a net worth of $3 million. Dean Ween was born in New Hope, Pennsylvania in September 1970. He is best known for being half of the alternative band Ween. The band formed in 1984 and released their debut studio album in 1990 and went on to release a total of nine studio albums. Their most popular singles are "Push th' Little Daisies" and "Voodoo Lady". Dean Ween is a guitarist who also plays bass and he is also a fishing guide. He is a member of the band Moistboyz as well as The Dean Ween Group. Ween has played on albums by En Ensch, Moistboyz, Kostars, Yoko Ono, Ben Vaughn, Z-Rock, Hub, Ben, Pigface, Rollins Band, Queens of the Stone Age, Desert Sessions, Chris Harford, and Nick Oliveri's Uncontrollable. He received his captain's license in 2009 and leads fishing trips off the Jersey shore.

Read more: Dean Ween Net Worth

Disha Patani Net Worth

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Disha Patani net worth: Disha Patani is an Indian actress who has a net worth of $12 million. Disha Patani made her debut in a Telugu film in Loafer in 2015 starring as Puri Jagannadh. She starred in the Hindi movie M.S. Dhoni: The Untold Story in 2016 as Neerah Pandey. Disha Patani starred in the Chinese film Kung Fu Yoga in 2017 at Stanley Tong. She appeared in the Hindi movie Welcome to New York in 2018 and starred in the Hindi film Baaghi 2 as Ahmed Khan in 2018. In 2016 Patani starred in the music video "Befikra" by Meet Bros and Aditi Singh Sharma. In 2017 she won a BIG Zee Entertainment Award for Most Entertaining Actor (Film) Debut – Female, a Star Screen Award for Best Female Debut, a Stardust Award for Best Acting Debut (Female), and an International Indian Film Academy Award for Best Female Debut for M.S. Dhoni: The Untold Story.

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Rick Bayless Net Worth

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Rick Bayless net worth: Rick Bayless is an American chef and restaurateur who has a net worth of $30 million. Rick Bayless was born in Oklahoma City, Oklahoma in November 1953. He is well known for starring on the PBS television series Mexico: One Plate at a Time. Bayless graduated from the University of Oklahoma and the University of Michigan. He owns many restaurants including Frontera Grill in Chicago, Illinois, Topolobampo in Chicago, XOCO in Chicago, Frontera Fresco, Tortas Frontera, Red O, Lena Brava in Chicago, Cruz Blanca Brewery & Taqueria in Chicago, Frontera Cocina in Lake Buena Vista, and Bar Sotano in Chicago. Rick Bayless has authored the books Authentic Mexican: Regional Cooking from the Heart of Mexico, Rick Bayless's Mexican Kitchen: Capturing the Vibrant Flavors of a World-Class Cuisine, Salsas That Cook: Using Classic Salsas to Enliven Our Favorite Dishes, Mexico: One Plate at a Time, Rick and Lanie's Excellent Kitchen Adventures, Mexican Everyday, Fiesta at Rick's: Fabulous Food for Great Times with Friends, Frontera: Margaritas, Guacamoles, and Snacks, and More Mexican Everyday. Rick's brother is sports reporter Skip Bayless.

Read more: Rick Bayless Net Worth

Mark Lowry Net Worth

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Mark Lowry net worth: Mark Lowry is an American Christian singer, comedian, and songwriter who has a net worth of $8 million. Mark Lowry was born in Houston, Texas in June 1958. He is known for writing the lyrics to the song "Mary, Did You Know?" which has been performed by many artists including Kenny Rogers, Cee Lo Green, Clay Aiken, Michael English, Wynonna Judd, Pentatonix, and more. Lowry was a member of the Gaither Vocal Band from 1988 to 2001 and again from 2009 to 2013. He was featured on the group's albums A Few Good Men in 1990, Homecoming in 1991, Peace of the Rock and Southern Classics in 1993, Testify in 1994, Southern Classics: Volume II in 1995, Back Home in Indiana in 1997, Lovin' God & Lovin' Each Other in 1997, Still the Greatest Story Ever Told in 1998, God is Good in 1999, I Do Believe in 2000, Reunited in 2009, Better Day in 2010, Greatly Blessed in 2010, I Am a Promise in 2011, Pure and Simple in 2012, and Hymns in 2012. The group won Grammy Awards for Southern Gospel, Country Gospel or Bluegrass Gospel Album in 1991 and 2009.

Read more: Mark Lowry Net Worth


Armando Manzanero Net Worth

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Armando Manzanero net worth: Armando Manzanero is a Mexican musician, singer, and composer who has a net worth of $40 million. Armando Manzanero was born in Merida, Yucatan, Mexico in December 1935. He is a pianist of Maya descent and considered to be the top Mexican romantic composter and one of the most successful in Latin America. He serves as the president of the Mexican Society of Authors and Composers. Manzanero received a Grammy Lifetime Achievement Award in 2014. He was inducted into the International Latin Music Hall of Fame in 2000 and then the Billboard Latin Music Hall of Fame in 2003 as well as the Latin Songwriters Hall of Fame in 2013. Armando Manzanero has released many albums over the years starting with his debut Mi Primera Grabacion in 1959. He has composed more than 400 songs. He served as musical director for the Mexican branch of CBS International and a musical promoter for EMI.

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How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion

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We live in an era of truly incredible wealth and vast inequality between the richest billionaires and every-day middle class people. The 25-richest families in the world have a combined net worth of $1.1 trillion. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncan in 1968. The gas and oil company is still under family control.

Dan Duncan was born in Shelby County, Texas on January 2, 1933. He grew up poor in the small East Texas town of Center, not far from the Louisiana border. When he was seven, his mother died of tuberculosis. His brother died of blood poisoning the same year. Duncan lived with his grandmother until he graduated from high school. He went to work as a pipeliner and roughneck in the oil and gas fields alongside his father. Not long after, his dad died of leukemia. Duncan served in the Army during the Korean War. When he returned to the U.S., the G.I. Bill enabled him to study business, finance, and accounting at Massey Business College in Houston. While in school, he worked for the U.S. Post Office.

Joe Raedle/Newsmakers/Getty Images

Duncan went to work for Wanda Petroleum as a roughneck in 1957. By 1968, he was the company's accountant and he left with two propane delivery trucks and $10,000 and founded Enterprise Products Co. By 1973, the company was worth $3 million and by the late 1970s, Enterprise had become a big enough company to have a $300 million line of credit. He took the company public in 1998. By 2010, Enterprise owned more than 48,700 miles of onshore and offshore pipelines and nearly 27 billion cubic feet of natural gas. Duncan also ran energy firms Duncan Energy Partners, LP and Enterprise GP Holdings, LP.

Duncan donated more than $250 million over his lifetime. He gave $75 million to Texas Children's Hospital and the Houston Museum of Natural Science. He also donated $135 million to the Baylor College of Medicine.

He was married to Jan Ellis. The couple has four adult children, each of whom is also a billionaire. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. He was the first American billionaire to pay no estate tax due to the repeal of the estate tax law for the year 2010.

He was a low profile billionaire in a profitable but unsexy business. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry.

Dan L. Duncan was the richest person in Houston.

Today, Enterprise Product Partners remains under the control of Dan Duncan's family.

Read more: How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion

Jack Dorsey Doesn't Take A Salary, But Where Is His Charitable Giving?

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Billionaire Jack Dorsey is a riddle of sorts. On one hand, he's very open. On the other, he's notoriously close-lipped. Since 2015, he has been at the helm of two of Silicon Valley's hottest companies. He runs Twitter and Square. For his efforts, he receives a salary of $2.75. That's not a typo. Dorsey doesn't draw a salary from Twitter. Square pays him $2.75. He still has income coming in from the stock he's been selling recently. So far this year, he's sold 1.7 million shares of mobile payment company Square. That netted him about $80 million after taxes.

It's a good time to sell Square. The company isn't profitable yet, but its stock is up 80% this year. The bulk of Dorsey's $4 billion net worth is tied up in his equity in Square. Thanks to the rise in its stock, he's worth $1.9 billion more than at the start of 2018. Twitter has also been on an upswing with its stock gaining almost 50% this year. Dorsey's Twitter stake is worth about $600 million. He hasn't sold any of that stake this year.

Dorsey isn't the only tech CEO that doesn't take a salary. Mark Zuckerberg, Larry Ellison, Larry Page, and Sergey Brin all collect a salary of $1 per year. Typically, these executives receive lucrative compensation that is tied to the company's performance instead. They also own tons of company stock that they can and often do sell, often to fund charitable giving.

Speaking of charitable giving, Jack Dorsey is atypically quiet on the subject of his. And Dorsey is an oversharer by nature. Peruse his Twitter feed and you'll learn that he loves infrared saunas, did a 10-day silent meditation retreat in a monastery in Myanmar, and keeping track of his heart rate while he meditates. So why doesn't he talk about his charitable giving?

When Square went public in 2015, Dorsey unveiled plans for his Start Small Foundation. He pledged to give it 40 million shares. In a letter to prospective shareholders, Dorsey wrote:

"I believe so much in the potential of this company to drive positive impact in my lifetime that over the past two years I have given over 15 million shares, or 20 percent of my own equity, back to both Square and the Start Small Foundation, a new organization I created to meaningfully invest in the folks who inspire us: artists, musicians, and local businesses, with a special focus on under served communities around the world."

There's only one problem. There is no Start Small Foundation listed as a charitable foundation under section 501(c)3 of the U.S. tax code. There is no website. There is no Twitter account. There are no nonprofit or corporate filings corresponding to that name.

Phillip Faraone/Getty Images

In fact, the only Start Small Foundation is part of a donor-advised fund at the Silicon Valley Community Foundation. That foundation is famous for cozying up to the technology elite in the Bay Area. Donor advised funds are considered the "dark money" of the philanthropy world. Funds given to this type of fund make the money largely untraceable. Donor advised funds are simpler and cheaper to set up than a foundation. It also allows wealthy people to avoid transparency around their giving—such as how much they have donated or pledged to philanthropy or where they have donated. Or if they have donated at all.

Corporate filings and public records show that the domain name startsmallfoundation.org was registered on October 9, 2015. On the same day, Start Small LLC was registered in Delaware. A limited liability company is a for profit entity with more freedom than a nonprofit. LLCs can make investments in startups, donate to political campaigns, and give money to charities. For instance, Mark Zuckerberg's philanthropic arm, Chan Zuckerberg Initiative is structured as an LLC.

Start Small LLC is briefly mentioned in Square's 2017 proxy statement, which notes that the entity holds 272,500 shares of Square's Class B shares. It does not appear in any other proxy statements. Dorsey announced the foundation's existence in a tweet on October 14, 2015. At the time, he said that he would start his giving with Ferguson, Missouri. Dorsey is from St. Louis and took part in the 2014 protests in Ferguson after the shooting of Michael Brown by police. From 2015 to 2017, the Silicon Valley Foundation reported various grants as high as $125,000 to St. Louis area organizations. None appear to have a relationship with Ferguson or Dorsey. And of course, since it was donated by a donor advised fund, they don't have to disclose anything.

It is odd that Dorsey is typically such a believer in openness and transparency in general but is so totally silent about his charitable giving. Tax filings for a 501(c)3 private foundation called Start Small do exist for 2015 and 2016. No tax filings exist for 2017, which suggests that the foundation is no longer active. Even the tax filings for 2015 and 2016 show no assets and no activity. Does the Start Small Foundation exist? Did it ever? That is the mystery.

Read more: Jack Dorsey Doesn't Take A Salary, But Where Is His Charitable Giving?

Alfonso Ribeiro Is Suing Epic Games For Unauthorized "Carlton Dances" In 'Fortnite'

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Alfonso Ribeiro, who played the character of Carlton Banks in the 1990s classic sitcom The Fresh Prince of Bel-Air, has seen one particular aspect of that character flourish in popular culture over the last two decades. I'm talking, of course, about the "Carlton Dance," the signature awkward flail he developed on the show and which has now become something of a funny dance standard, performed at parties and sporting events across the nation. There's little he can do about those performances from a legal standpoint, but USA Today reports that he has chosen to go after Epic Games due to its alleged inclusion in the massively popular video game Fortnite, which he is now filing suit over.

Ribeiro's attorney David Hecht released a statement to the press announcing the lawsuit:

"Epic has earned record profits off of downloadable content in the game, including emotes like 'Fresh'… Yet Epic has failed to compensate or even ask permission from Mr. Ribeiro for the use of his likeness and iconic intellectual property."

Jerod Harris/Getty Images

This is not the only company Ribeiro has sued over unauthorized use of the Carlton Dance. He also reportedly filed a separate complaint against Take-Two Interactive for the dance's use in NBA 2K16. And in case you're skeptical about all this, some cultural anthropologist on YouTube did a side by side comparison of the dances in question so you can judge for yourself:

It may seem silly, but downloadable content like dances for characters in Fortnite are a big business, and Epic Games made a reported $1.2 billion on the game's internal currency "V-Bucks" which is used to purchase dances as well as other in-game items. And Ribeiro isn't the only celebrity miffed at the use of his work in video games, as rapper 2 Milly is also filing suit against Epic for use of the "Milly Rock" in Fortnite, and Russell Horning, better known as The Backpack Kid, is suing both Epic and Take-Two for use of his signature "Floss" moves in Fortnite as well as NBA 2K18 and NBA 2K19.

Read more: Alfonso Ribeiro Is Suing Epic Games For Unauthorized "Carlton Dances" In 'Fortnite'

John Nash Net Worth

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John Nash net worth: John Nash was an American mathematician who had a net worth of $1.5 million at the time of his death. John Nash was born in Bluefield, West Virginia in June 1928 and passed away in May 2015. He made significant contributions to fields including game theory, the study of partial differential equations, and differential geometry. His work provided many insights into the concepts of chance as well as decision making. Nash's theories have been used widely in the field of economics. He was a Senior Research Mathematician at Princeton University and shared the Nobel Memorial Prize in Economic Sciences in 1994. He also shared the Abel Prize in 2015, making him the only person to win both prizes. Nash developed mental illness and spent years at psychiatric hospitals due to paranoid schizophrenia. He was able to return to his academic work and was the subject and the film titled A Beautiful Mind. John Nash passed away on May 23, 2015 at 86 years old in a car crash.

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Dion Jordan Net Worth

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Dion Jordan net worth: Dion Jordan is an American professional football player who has a net worth of $6 million. Dion Jordan was born in San Francisco, California in March 1990. He is a defensive end who played at Chandler High School. Jordan played his college football at Oregon where he was a three time Pac-12 champion and a two time first-team All-Pac-12 selection as well as a first-team All-American in 2012. He was drafted #3 overall by the Miami Dolphins in the 2013 NFL draft and played for the Dolphins from 2013 to 2016 before joining the Seattle Seahawks in 2017. Jordan was suspended in the 2014 season for four games for violating the league's performance enhancing substance policy. He violated it again later in the season and was suspended two more games. He was then suspended the entire 2015 season for a third violation. He failed a physical in 2017 and was released by Miami. He had knee surgery in 2018.

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Juan Rivera Net Worth

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Juan Rivera net worth: Juan Rivera is an American singer who has a net worth of $10 million. Juan Rivera was born in Long Beach, California. He is of Mexican heritage and his family includes fellow singers Jenni Rivera, Chiquis Rivera, and Lupillo Rivera as well as businesswoman Rosie Rivera. Juan Rivera released his debut studio album El Atizador in 1995. He has also released the albums El Atizador, Vol. 2 in 1995, Juan Rivera Y los Corridos Mas Broncudos in 1999, Los Cuates Colgando in 2000, Orden de Aprehension in 2000, El Abandonado in 2001, Entre Loquera in 2002, Atorele a lo Grande Con in 2003, Con la Locura Nortena y Banda in 2004, El Grande: Como Hueso Compadre!!!! In 2004, Mano a Mano Musical in 2004, Un Borracho Sin Futuro in 2005, Corridos de Poca Madre in 2007, Pa'La Raza Del Barrio in 2007, El Tamaulipeco in 2008, Vaqueton y Semental in 2009, Oveja Negra in 2013, and Me Purse a Pensar in 2016.

Read more: Juan Rivera Net Worth


Dennis Muilenburg Net Worth

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Dennis Muilenburg net worth: Dennis Muilenburg is an American businessman who has a net worth of $80 million. Dennis Muilenburg was born in Orange City, Iowa in 1964. He is the president, chairman, and chief executive officer of The Boeing Company. Muilenburg took over the role of CEO in July 2015. He graduated from Iowa State University and the University of Washington. Dennis Muilenburg made just over $15 million in salary in 2016. He began working at Boeing in 1985 and has held various management and engineering positions with the company including vice president of the Boeing Combat Systems division and president and chief executive officer of Boeing Defense, Space & Security. After becoming CEO in 2015 he would become chairman and then chairman of the board of directors in 2016. As of January 2019, Dennis Muilenburg owns 130,000 shares of Boeing which have a pre-tax market value of $40 million. That makes him one of the four largest individual shareholders of the company.

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Robin Thicke And Pharrell Williams Owe $5 Million In Final "Blurred Lines" Verdict

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The protracted legal battle over the 2013 hit song "Blurred Lines" and the financial ramifications of creative inspiration has finally come to a definitive conclusion, with no more appeals available to artists Robin Thicke and Pharrell Williams, and no recourse left except to pay up.

Now, The Guardian reports that both Thicke and Williams have to pay some $5 million to the estate of soul legend Marvin Gaye, whose classic "Got to Give It Up" was found to share actionable elements with the later song. Initially, in March 2015, the pair were ordered to pay $7.4 million to Gaye's family, but even after that sum was reduced, they still elected to appeal the decision. Now, the final amended judgment has been made, and it breaks down like this:

Thicke and Williams owe the Gaye estate $2.8 million jointly. In addition, Thicke has been ordered to pay the separate sum of $1.7 million, while Williams is on the hook for another $357,630. And in some extremely good news for the surviving family of Marvin Gaye, they're also entitled to a whopping fifty percent of any and all future royalties from "Blurred Lines."

Scott Gries/Getty Images

The final decision was reached by a majority of two judges to one, and the dissenting judge Jacqueline Nguyen expressed in her dissent why the verdict has been so controversial, saying that the two songs "differed in melody, harmony and rhythm" and that the decision "strikes a devastating blow to future musicians and composers everywhere." As a result of that blow, you're probably not going to see too many artists behind a hit song give interviews like the one Thicke gave to GQ, in which he talked about how "Got to Give It Up" inspired "Blurred Lines":

"I was like, 'Damn, we should make something like that, something with that groove.' Then [Williams] started playing a little something and we literally wrote the song in about a half-hour and recorded it."

Now, if an artist was inspired by a particular song from the past, he or she has a real financial incentive to keep quiet about it.

Read more: Robin Thicke And Pharrell Williams Owe $5 Million In Final "Blurred Lines" Verdict

Joe Flacco Is Sitting On The Bench, But The Ravens Still Owe Him $63 Million

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Joe Flacco started the first nine games for the Baltimore Ravens this season, but an injury forced him out of the lineup. As far as the Ravens planned, rookie Lamar Jackson would start a few games at quarterback, and Flacco would reclaim his spot in the starting lineup. As it turns out, Jackson has done a pretty darn good job as the Ravens' signal-caller. Since taking over, the team has only lost one game.

In fact, Jackson has played so well that even though Flacco is now healthy, Jackson remains the starter. That may be a costly decision for the Ravens, who still owe $63 million to a guy that's now effectively a backup.

After Flacco led the Ravens to the Super Bowl in 2013, they paid him a fortune. He signed a six-year, $120.6 million deal to stay with the team, and in 2016 he inked a three-year, $66.4 million extension with a massive $40 million signing bonus.

Todd Olszewski/Getty Images

Since then, Baltimore hasn't found the same level of success. But Flacco's still making his money. And now, he's got about half of his salary still remaining over the next few years ($12 million this year), though not all of that is guaranteed.

By comparison, Jackson's 2018 salary is $480,000, with a $4.9 million signing bonus.

With Jackson's style of play, he takes more hits over the course of the game than most quarterbacks. Flacco is just one injury away from regaining the starting job. He could also supplant Jackson as the starter if the rookie struggles in the next few games.

But for now, the Ravens are in the thick of the playoff race. That's something they couldn't say six weeks ago when Flacco went down. As a result, their highly paid quarterback will likely remain on the bench.

Read more: Joe Flacco Is Sitting On The Bench, But The Ravens Still Owe Him $63 Million

Rick Scott Spent A Record $63.6 Million Of His Own Money To Win His Florida Senate Seat

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Homespun wisdom in political circles often says not to spend your own money on any kind of election campaign. Doing so is a gamble under any circumstances, but statistically speaking, a large majority of candidates who self-fund go on to lose their elections – however, USA Today reports that new Senator Rick Scott not only bucked that trend with his narrow defeat of Andrew Gillum in Florida in November, but became the highest spending self-candidate in the history of Congress.

Followers of the Scott campaign probably aren't surprised by Scott's having funded his campaign himself, as he has a history of doing so. The wealthy former healthcare CEO's two gubernatorial victories cost him a combined $90 million in 2010 and 2014, which puts the total figure he's poured into his political career so far at more than $150 million altogether.

Alex Wong/Getty Images

He also indicated in April, when he first got into the Senate race, that he was going to use his own money to win if necessary, telling reporters:

"I'm going to do whatever I can to win this election."

For the last 20 years worth of congressional elections, a combined 283 candidates for House or Senate seats have poured at least a million dollars of their own money into their campaigns. Of those, just 50 got victories in exchange for their money, a rate of fewer than 1 in 5.

So, "whatever I can" ended up being spending the most of his own money that anyone ever has in a congressional election. And the previous record holder isn't even close: New Jersey Republican Bob Hugin dropped $36 million on a losing election in November 2018, and altogether there were 13 other self-funding candidates in the most recent election cycle, and in addition to Scott only two others (Dianne Feinstein and Mike Braun, who spent $3 million and $10 million on their own campaigns, respectively) won their races.

Read more: Rick Scott Spent A Record $63.6 Million Of His Own Money To Win His Florida Senate Seat

Herbert Chambers Net Worth

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Herbert Chambers net worth: Herbert Chambers is an American businessman who has a net worth of $1.4 billion. Herbert Chambers was born in Dorchester, Massachusetts in November 1941. He is the owner and president of The Herb Chambers Companies which includes 56 car dealerships in the Boston, MA area. Chambers dropped out of high school his senior year and joined the United States Navy achieved the rank of Petty Office Second Class. He worked at a bar owned by his mother but was fired and began working as a copy machine repairman. He then started a copier distribution company called A-Copy America before selling the company for $80 million. He purchased an Oldsmobile-Cadillac dealership in 1985. Herbert Chambers is also an exotic car collector and sold his 1995 McLaren F1 for $15.62 million in 2017 which set a record. Other cars he has owned include a Mercedes-Benz SLR McLaren, a Ferrari LaFerrari Coupe, and more.

Read more: Herbert Chambers Net Worth

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