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What Does Rick Pitino Get For Winning The NCAA Tournament?

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Tonight Rick Pitino and the Louisville Cardinals beat the Michigan Wolverines 82-76 to become champions of the 2013 NCAA March Madness final. I'm not really a college basketball fan but even I have to admit that it was an amazing game to watch. Louisville and Michigan were neck and neck the whole time and each team threw up some incredible dunks an onslaught of flawless three pointers. With this win, Louisville earns their third NCAA basketball title. It's Rick Pitino's second NCAA tournament win (his first was with Kentucky in 1996). Pitino is now the only coach in history to win the title for two different teams. So how does winning the NCAA tournament affect Rick Pitino's bank account?

First of all, even without winning the tournament Rick Pitino's $4.973 million base salary makes him one of the highest paid college basketball coaches in the country. Last July Pitino and Louisville agreed to a contract extension that will pay him $42 million between now and 2022. On top of his base salary, Rick also has the ability to earn some very lucrative bonuses and perks like a $3,000 per month car allowance! This year Pitino earned the following bonuses:

  • $50,000 for winning the Big East tournament
  • $50,000 for winning the Big East regular season championship
  • $175,000 for making it to the Final Four
  • $150,000 for winning the NCAA championship
  • $2.7 million retention bonus
  • Total: $2,825,000

 

When you add the $2.825 million bonus money to his $4.973 million base salary, Rick Pitino will take home $7.8 million this year! That's enough to make him the highest paid public employee in Kentucky. It's also more than 10 times the annual salary of University of Louisville President James Ramsey (he makes $600,000). So is Pitino worth all that money? YES. Thanks largely to Rick Pitino, Louisville's basketball program earned $41 million in revenue, more than any other college in the country. The second highest earning team, Duke, brought in $28 million last year.

Rick Pitino isn't the only person who will benefit from Louisville's big win. Fast food chain KFC is offering a free chicken meal with side, biscuit and drink to every Louisville student with valid ID!

Rick Pitino Bonus

Rick Pitino Salary

Read more: What Does Rick Pitino Get For Winning The NCAA Tournament?


Lucio Tan Net Worth

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Lucio Tan net worth: Lucio Tan is a Chinese Filipino businessman who has a net worth of $5 billion. Lucio Tan is one of the richest people in the Philippines. Mr. Tan holds interests in approximately 300 companies with operations in various industries including banking, airline, liquor, tobacco and real estate. Among the most notable firms, where he is a majority shareholder, are Asia Brewery, the second largest brewery in the Philippines, Tanduay Holdings, one of the world's largest rum makers, as well as Fortune Tobacco, the largest tobacco company in the country. Although he was a non-smoker, Lucio started a cigarette company called Fortune Tobacco in 1966. This business endeavor, that was placed in a small shack in Marikina, turned out to be a true success. From this flagship company emerged numerous successful ventures that would bring Mr. Tan to enormous fortune. No one has ever thought that the young chemical engineering student who mopped floors to pay for school would become such an affluent man in his country. He actually quit before graduating in order to take a job in a tobacco factory, where he probably got the idea to found his own venture Fortune Tobacco. Married with six children, Lucio Tan now spends his free time with his family or flying helicopters.

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Enrique Razon Jr Net Worth

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Enrique Razon Jr net worth: Enrique Razon Jr is a Filipino billionaire who has a net worth of $4.9 billion. Enrique Razon Jr is the Chairman and CEO of the publicly-listed International Container Terminal Services, Inc. (ICTSI), which is the largest corporation in the Philippines supplying container port terminal services in Manila, Subic, Batangas, General Santos City, as well as in Poland and Brazil. Being known as a loyal ally of the former President of the Philippines, Gloria Macapagal-Arroyo, Enrique was politically active and served as the treasurer of Team Unity during the 2007 Senatorial election. The politically involved businessman saw his fortune climb by $3 billion due to last May's listing of Bloomberry Resorts, his new Solaire Resort & Casino venture in which he retains a 71% stake. Then in December, he sold nearly 9% stake in Bloomberry to Global Gaming, the casino manager at much below market value as per a previously arranged deal. Apart from his professional engagements, Enrique Razon Jr is an avid golf player and as such he backs the Philippines Golf Tour.

Read more: Enrique Razon Jr Net Worth

Andrew Tan Net Worth

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Andrew Tan net worth: Andrew Tan is a Filipino-Chinese billionaire who has a net worth of $4 billion. Born to a factory worker, Andrew Tan performed various odd jobs to put himself through college. After he managed to save enough money to buy a distillery, he made his first fortune in brandy production. Today, his holding company, Alliance Global, which has interests in food and beverage, real estate, gaming constantly makes higher revenues and profits. Furthermore, Andrew and Malaysian tycoon Lim Kok Thay plan to build a brand new $1.1 billion casino called Resorts World Bayshore in a new entertainment hub in the Philippines, due to be completed in 2016. Originally immigrant from China, Andrew Tan has become one of the richest man in the Philippines. He is married with four children.

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David Consunji Net Worth

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David Consunji net worth: David Consunji is a Filipino billionaire who has a net worth of $2.8 billion. Former concrete inspector David Consunji founded the construction company DMCI in 1954, later expanding it in infrastructure, real estate, mining and power. The stock price of the publicly-listed holding firm, which saw more than 20-fold increase since its 2009 low, took hit a while ago when an accident at its coal mine in Antique province claimed three lives. Married with eight children, Consunji's son Isidro is now president of DMCI Holding. In addition to his successful business endeavors, David Consunji is also presented with belated recognition for his work in the field of engineering and construction.

Read more: David Consunji Net Worth

George Ty Net Worth

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George Ty net worth: George Ty is a Chinese-Filipino banking tycoon who has a net worth of $2.6 billion. George Ty is the founder of Metropolitan Bank and Trust Company aka Metrobank, currently the second largest bank in terms of Assets and Capital in the Philippines. George Ty is one of the richest people in the country. He is also accumulating more and more wealth from his interests in Federal Land, Inc., the Bank of the Philippine Islands and Philippine Savings Bank, a Metrobank subsidiary, as well as his shares in Philippine AXA Life Insurance and Global Business Power Corporation. What's more, Ty reportedly plans to invest almost $1 billion this year in power and property projects. This self-starter who founded a bank in his twenties, eventually stepped down as chairman in 2006 in favor of his son Arthur. Married with five children, he spends his leisure time swimming and collecting art.

Read more: George Ty Net Worth

Lucio and Susan Co Net Worth

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Lucio and Susan Co net worth: Lucio and Susan Co are Filipino billionaires who have a net worth of $2 billion. Lucio and Susan Co share the ownership of one of the second largest retailing company in the Philippines, Puregold Price Club, the former being Puregold's chairman and the latter serving as the Vice Chairman. Plus, two of their children sit on the board already. Lucio and Susan Co started small back in 1998, when they opened just one store, but ever since, they have significantly expanded the business that now numbers more than 150 hypermarkets, supermarkets and discount stores. Having low and middle-income consumers and small store owners as its target, Puregold have doubled since its IPO in 2011. But apart from their growing retail business, the two also hold interests in gaming, hotels, wine distribution and real estate.

Read more: Lucio and Susan Co Net Worth

Tony Tan Caktiong Net Worth

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Tony Tan Caktiong net worth: Tony Tan Caktiong is a Chinese Filipino entrepreneur who has a net worth of $1.4 billion. Son of a chef, Tony Tan Caktiong opened Jollibee Foods back in 1978 with two Manila ice cream parlors. Today, it has turned into the largest fast-food company in the country with numerous chains including Jollibee, Chow King, Greenwich Pizza, and more than 2,000 stores in the Philippines and 541 overseas. Furthermore, Jollibee Foods owns the Burger King franchise in the Philippines, with plans to expand to Singapore. The success of the company continues as line of
customers greeted June opening of Jollibee in Jersey City, which is its second outlet in the New York metro area. Thanks to his incredible entrepreneur skills, he was named the recipient of the 2004 Entrepreneur of the Year, Philippines and Ernst and Young Entrepreneur of the Year, World.

Read more: Tony Tan Caktiong Net Worth


Andrew Gotianun Net Worth

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Andrew Gotianun net worth: Andrew Gotianun is a Chinese Filipino entrepreneur who has a net worth of $1.4 billion. Andrew Gotianun runs the Filinvest Development Corporation that owns most of the Filinvest Land and the East West Bank. Andrew Gotianun belongs to the narrow circle of Filipino billionaires . He serves as both the Founder and Chairman of the growing conglomerate with interests in property, financial services, sugar, hospitality and utilities. Among other things, Andrew took banking arm East West Bank last year and has recently entered the hospitality industry with the Crimson Resort and Spa in Mactan, Cebu and Crimson Hotel Filinvest City. What's more, the group is setting up its first power plant and is bidding for the expansion of the Mactan International Airport in Cebu. Being married with four children, he has let his three sons and daughter run operations in the company.

Read more: Andrew Gotianun Net Worth

Taylor Swift's Car: A Toyota for the Small-Town Girl Inside the Country Star

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What goes up, must come down.  That seems to be the lesson Taylor Swift is in the midst of learning currently.  After basically becoming every teenage girl's super celebrity best friend, Taylor Swift seemed unable to do wrong of any kind.  Her lyrics about heartbreak, her great sense of style, and her quirky interviews made her both accessible and aspirational, and audiences (if not always critics), ate it up.  She's won multiple songwriting awards, and her four albums have netted her seven Grammy Awards, seven CMAs, six Academy of Country Music Awards, and 11 American Music Awards.  That's not too shabby a haul for a 23-year old who began her professional career just seven years ago.  In addition to her work as a musician and songwriter, she has also made a successful foray into acting, guest starring on "CSI: Crime Scene Investigation", hosting "Saturday Night Live", and co-starring in the ensemble comedy, "Valentine's Day".  She received primarily positive reviews, and managed to charm an even wider audience.  Unfortunately, she has a penchant for jumping into very public high-profile romances, none of which have been successful.  Her merry-go-round love life has begun to tarnish her "good girl" crown somewhat, and as her fans age along with her, they are becoming increasingly disillusioned.  It turns out that Taylor Swift is actually just human, and audiences are not interested in celebrities that are merely human.  If you were unconvinced that Taylor Swift was actually just a regular twenty-something from Pennsylvania at heart, her choice of vehicle might change your mind.

Taylor Swift's car is a Toyota Sequoia.  The Sequoia went into production in 2007, and the current generation of the vehicle runs on a 5.7 liter V8 engine.  It has 6-speed automatic transmission and can seat eight.  The car has a number of high-end features, including a Blind Spot monitor, daytime running lights, a Voice-Activated Touch-Screen DVD Navigation system, power reclining third row seats, Vehicle Stability Control, front/side torso airbags, knee airbags, and diamond-cut 20-inch aluminum alloy wheels.  The Sequoia currently sells for approximately $50,000.  She may seem fickle about her love life, but Taylor Swift is at least surprisingly frugal.

Read more: Taylor Swift's Car: A Toyota for the Small-Town Girl Inside the Country Star

Katy Perry's House: You Know You've Arrived When You Sell Your House Before Living In It

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There are many ways to know that you have truly "made it".  Katy Perry has managed to achieve almost all of them.  She's won awards, had sold out concert tours, had a big screen documentary made about her career, appeared on numerous talk shows, and has even had a celebrity marriage and divorce.  Most importantly, she has the real estate portfolio to back up her fame.  In fact, she's so famous, she actually bought a home… and then never lived in it.  Back during her married year (yes, that's singular), she purchased a home with then-husband, Russell Brand.  Their busy work schedules made staying in their new mansion nearly impossible, and it sat empty.  By the time either of them had a break long enough to warrant actually sleeping in their new abode, the relationship had soured, and the couple had filed for divorce.  They have been trying to sell the massive mansion since then.  This past week, it finally hit the open market.

Katy Perry's house sits on 3 acres of land and is 8,835 square feet.  The structure contains seven bedrooms and nine bathrooms, and, like many of Southern California's large homes, features Spanish-styling.  Katy Perry's house is on Laurel Canyon Boulevard, and looks out over the Sunset Strip.  In addition to the multiple bedrooms and bathrooms, the house also features a swimming pool designed to look like a lagoon, a large patio, two guest houses, and a carriage house for vehicles.  Katy Perry's house is on sale for $6.925 million.  She bought it for $4 million less in 2011, but as her value has risen, so has the value of the property.

Read more: Katy Perry's House: You Know You've Arrived When You Sell Your House Before Living In It

One Year Ago Today: 27 Year Old CEO Kevin Systrom Sells Instagram For $1 Billion

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Exactly one year ago today, Kevin Systrom, the 27 year old Founder/CEO of photo APP company Instagram had a pretty good day. Why you ask? Did he get a better than expected tax refund? No. Did he find out that Demolition Man was finally streaming on Netflix? No. Did Facebook agree to buy his company for $1 billion? YES. Did he own 40% of the company and therefore make an insane $400 million off the purchase? YES YES and YES! How would you have spent the last year if you had a bank account worth hundreds of millions of dollars…

20121205_Kevin_Systrom_Instagram_001

$400 million is not bad for a 27 year old guy whose company was less than two years old at the time. In case are not familiar with Instagram, it's an APP that allows users to take photos with their cameras then apply a nostalgic digital filter which makes the photos look as if they were taken in the 1970s or with a Polaroid. Today Instagram has 30 million registered users who share more than 150 million photos per month. The acquisition came just six days after the Instagram Android APP was released. Within 12 hours of the APP's release, Instagram Android was downloaded one million times.

Facebook Instagram logos

Facebook Instagram Deal

As for the other $600 million: $100 million goes to co-founder Mike Krieger. $100 million goes to the venture capital firm Andreessen-Horowitz. $100 million goes to VC firm Baseline Ventures. $180 million goes to VC firm Benchmark Capital. $20 million goes to three private individual investors and the final $100 million will be split up by Instagram's 12 remaining employees. One employee was just hired within the last three weeks, if he gets paid it might be the quickest million dollar exit ever!

When the deal was announced a year ago, Kevin Systrom wasn't reachable (probably because he was in a Vegas hotel room swimming in a bath tub filled with champagne and strippers) but Facebook CEO Mark Zuckerberg posted the following on his blog morning:

"This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users. We don't plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together. We're looking forward to working with the Instagram team and to all of the great new experiences we're going to be able to build together."

Congrats to Kevin and the entire Instagram team, you guys are truly an inspiration.

What would you do if you made $400 million today? Let us know in the comments!

Read more: One Year Ago Today: 27 Year Old CEO Kevin Systrom Sells Instagram For $1 Billion

Bobby Moynihan Net Worth

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Bobby Moynihan net worth: Bobby Moynihan is an American comedian and actor who has a net worth of $1 million dollars. Bobby Moynihan was born in Eastchester, New York, and graduated from the University of Connecticut with a degree in Theater. After graduating, Bobby Moynihan began performing with various sketch comedy groups in New York City. He was a frequent performer with The Upright Citizens Brigade Theater, and also performed with Derrick Comedy sketch group. He frequently collaborated with two other performers in a sketch comedy trio called "The Buffoons". The trio toured and performed at various festivals, including Montreal's "Just for Laughs" Comedy Festival. After appearing in the web series, "The Line", a project that was partially funded and directed by the production team of "Saturday Night Live", he began appearing on "Saturday Night Live" in a variety of roles. In addition to his work on "SNL", he has also appeared in such film and television projects as, "When in Rome", "Happy Endings", and "30 Rock".

Read more: Bobby Moynihan Net Worth

Rita Wilson Net Worth

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Rita Wilson net worth: Rita Wilson is an American actress, producer, and singer, who has a net worth of $20 million dollars. Rita Wilson, also known as Margarita Ibrahimova, was born in Los Angeles, California and began her professional acting career in the early 70s, with a guest-starring role on "The Brady Bunch". She went on to a steady career in film and television. She has appeared in such projects as, "M*A*S*H", "Three's Company", "Teen Witch", "The Bonfire of the Vanities", "Sleepless in Seattle", "Now and Then", "That Thing You Do!", "Jingle All the Way", " Runaway Bride", "The Story of Us", "Perfume", "Raise Your Voice", "The Chumscrubber", "My Life in Ruins", "The Art of Getting By", and "Larry Crowne". She produced the massively successful film, "My Big Fat Greek Wedding", which went on to become the highest grossing independent film of all time, and also produced "Connie and Carla", and "Mamma Mia!". She appeared on Broadway in "Chicago" and released her debut CD in 2012.

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Rip Mason Net Worth

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Rip Mason net worth: Rip Mason is an American entrepreneur who has a net worth of $100 million dollars. Rip Mason is the current Chief Executive Officer of LegalShield, a company that offers specialized legal services and products. He earned a law degree from Rutgers University, and then went on to become a founding partner in Mason, Taylor, and Colicchio, a law firm with offices in New York, New Jersey, and London. Throughout the late 90s and early 2000s, he was the Vice Chairman of Jafra Cosmetics. He then went on to co-found M2Holding in 2006. He subsequently became a manager and consultant at Golden Gate Capital, and then became the Director of Neways, Inc., which has offices in fifteen countries, and which pulls in almost $350 million annually. He recently made headlines for becoming engaged to Leslie Birkland, one of the cast members of the popular reality series, "Big Rich Texas", on the Style Network.

Read more: Rip Mason Net Worth


Sarah Savage Net Worth

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Sarah Savage net worth: Sarah Savage is an American model who has a net worth of $50 thousand dollars. Sarah Savage was born in San Antonio, Texas, and went on to earn a degree in Business Administration from The University of Texas at San Antonio. She is currently working towards a BA in Marketing at Texas A&M University. She worked as a Sales Associate at Fly Paper Stationary, and as a sales intern at Copy Corner. When not working in retail, she is a model. She is currently represented by the Julie Freeman Agency in Texas. She is most widely recognized for dating Johnny Manziel, the most recent Heisman Trophy winner. Pictures of Sarah Savage from her modeling portfolio have sparked much debate about which high-profile athletes have the best looking girlfriends. Though she accompanied him to the Heisman Trophy ceremony, there are rumors that her relationship with Johnny Manziel has ended, though neither party has issued a statement about it.

Sarah Savage bikini pictures

Sarah Savage Net Worth

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Jim Jefferies Net Worth

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Jim Jefferies net worth: Jim Jefferies is an Australian comedian, writer, and actor who has a net worth of $500 thousand. Jim Jefferies was born in Sydney, New South Wales, Australia, and began his stand-up career in Australia. While performing at the Manchester Comedy Store, he was attacked by an audience member. The attack brought him international exposure and the entire incident was later incorporated into his comedy routine, including video footage of the event. He went on to appear in a popular stand-up special on HBO, which made him a hit in the United States, as well. Since then, he has appeared at multiple festivals, including the Edinburgh Fringe Festival, the South African Comedy Festival Cape Town, the Glastonbury Festival, and on television programs such as "Never Mind the Buzzcocks", "The Heaven and Earth Show", and "8 Out of 10 Cats". He is also a frequent guest on "The Opie and Anthony Show". He is currently starring on the new comedy series, "Legit" on FX.

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Paul Scheer Net Worth

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Paul Scheer net worth: Paul Scheer is an American writer, actor, and comedian who has a net worth of $1 million dollars. Paul Scheer was born in Huntington, New York, and went on to attend New York University. He began performing in the Off-Broadway show, "Chicago City Limits" in the mid-90s, and toured with the company for the next three years. He also began performing with the Upright Citizens Brigade Theater, and won multiple awards for his long-form comedy work. After writing, starring in, and producing his own successful comedy show, he relocated to Los Angeles in 2006. In addition to appearing in a variety of popular sketch comedy shows in Los Angeles, he has also enjoyed a successful film and television career. Some of his projects include, "School for Scoundrels", "Bride Wars", "Piranha 3D", "30 Rock", "Human Giant", "Parks and Recreation", "Happy Endings", "Comedy Bang Bang", and "Modern Family".

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Grandmother Thought Lottery Ticket Was Worth $40k – Actually It Was $40 Million!

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How would you feel if you found out you won $40,000 on the lottery? Pretty great right? Think of all the things you could do with a quick injection of $40,000. You could buy a new car, pay down bills, treat yourself to a really nice vacation, go to an elite private college for one year… I don't care who you are, $40,000 out of nowhere would be an awesome surprise. Now imagine how you would feel if you found out that the $40,000 lottery ticket was actually $40 million!!!??? This is exactly what happened to a grandmother in Canada earlier this week.

$40 Million Lotto Winner

$40 Million Lotto Winner

Maria Carreiro is a 51 year old grandmother who lives in Toronto Canada who plays the lottery every week. Like most people, Maria hadn't ever won anything significant from playing the lottery. Nothing more than $5-10 in prizes. So you can imagine how great she felt last week when she was under the impression that her most recent ticket was a $40,000 winner. Maria was on cloud nine for almost an entire day, thinking she had won $40k. It wasn't until her skeptical daughter went online to check if the ticket was really a winner or if Maria had just read something wrong. Turns out not only did the daughter discover that the ticket was genuine, she also discovered that the ticket was worth not $40,000, but $40,000,000! Big difference. Maria immediately rushed to the store to verify with an official machine and she too discovered that she was now a certifiable multi-millionaire.

Maria is an immigrant from Portugal who moved to Canada with basically nothing then worked in a factory for many years. Her husband, also a factory worker, quit his job first thing Monday morning. The millionaire couple now plans on taking a vacation to Hawaii to make up for the fact that they never had a honeymoon 30 years earlier, because they couldn't afford it. And in the short term, Maria is taking all of her friends and family to their favorite all you can eat Chinese buffet!

What's the first thing you would do with $40 million!?

Read more: Grandmother Thought Lottery Ticket Was Worth $40k – Actually It Was $40 Million!

Steve Porcaro Net Worth

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Steve Porcaro net worth: Steve Porcaro is an American musician who has a net worth of $80 million dollars. Steve Porcaro was born in Hartford, Connecticut, and rose to fame as part of the band, Toto. He was always most interested in writing and composing songs, and wrote many tracks on the group's albums. He ultimately chose to leave Toto in 1986 to focus on songwriting and composing. He went on to write such songs as "Human Nature" for Michael Jackson's "Thriller" album, and composed scores for a variety of film projects. He has also continued to work as a session musician, and has recorded with Yes, Jefferson Airplane, and Gary Wright. He and various members of Toto have been touring off-and-on since 2010, in support of Mike Porcaro, who has ALS, and who can no longer perform with the group. He is currently the composer for the television show, "Justified" on FX.

Read more: Steve Porcaro Net Worth

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