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Want To Have Lunch With Warren Buffett? Just Shell Out $2.68M

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For the 18th consecutive year, billionaire investor Warren Buffet auctioned off a lunch date with himself to benefit the Glide Foundation, a San Francisco–based charity that supports the homeless.

Concluding a five-day auction, an anonymous bidder pledged $2.68 million for the opportunity to bring seven friends for a meal with the 86-year-old businessman at Manhattan's Smith & Wollensky steakhouse. According to eBay, this year's auction received at total of 41 offers, and the final bid came in just seconds before the auction's close.

Alex Wong/Getty Images

Buffett was introduced to Glide and its mission through his first wife, Susan, who volunteered for the organization. Now, since 2000, he has helped to raise more than $26 million for its efforts.

"We believe in building bridges, not walls," said Glide co-founder Janice Mirikitani. "Warren Buffett and the generous bidders enable us to provide a holistic array of high quality services that meet critical needs, improve lives and elevate the human spirit."

Last year, the winning bid reached $3.46 million, tying the previous 2012 record.

Former fund manager Ted Weschler, who won two consecutive auctions totally $5.3 million in 2010 and 2011, is the only auction winner who Buffett went on to hire.

Read more: Want To Have Lunch With Warren Buffett? Just Shell Out $2.68M


Adam Silver Net Worth And Salary

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If you're anything like me, you're currently sitting in your living room with your TV tuned to ESPN so you can watch the 2017 NBA draft. I don't normally watch the NBA draft, or any or other sports league draft, but this one promises to be particularly exciting for a number of reasons, most notably the intrigue and controversy surrounding LaVar Ball and his son Lonzo Ball. If you have no idea who LaVar Ball is, he's sort of like Kris Kardashian on steroids in the sports world. LaVar made international headlines a few months ago when he demanded a $1 BILLION shoe deal to represent his three sons, the oldest of which, Lonzo, is expected to be picked second in the draft by the Lakers. When every single shoe company laughed at LaVar's $1 billion offer, he went ahead and launched his own line of shoes dubbed "Big Baller Brand" which was basically a flop. It's been extremely entertaining to say the least.

Overseeing today's draft festivities is NBA commissioner Adam Silver. Generally speaking, Silver has been a very popular commissioner during his short tenure. So who is Adam Silver? What is his net worth and how much does he get paid to be NBA commissioner?

Alex Goodlett/Getty Images

Adam Silver was born on April 25, 1962 in Rye, New York. He attended Rye High School and then Duke University. He went on to earn his law degree from the University of Chicago, following in the footsteps of his father, who was also a lawyer. He worked as a law clerk and as a litigation associate at Cravath, Swaine, & Moore, a law firm in New York City. In 1992, he began working for the NBA. He began his career with the NBA as Special Assistant to the Commissioner. He eventually rose through the ranks, becoming NBA Chief of Staff, then Senior Vice President of Entertainment, then President of NBA Entertainment and then NBA Deputy Commissioner.

Silver was anointed the heir apparent to former commissioner David Stern in October 2012. He officially became commissioner after Stern retired on February 1st, 2014.

As NBA commissioner, he currently earns a salary of $10 million per year. David Stern was earning $23 million per year at the time of his retirement. Adam Silver's current net worth is $25 million. David Stern is worth $135 million 🙂

He also gets perks like free tickets to every single NBA game ever and he gets to shake hands with future super stars on draft night. It's a good gig if you can get it… but you might need to wait another 20-ish years.

Read more: Adam Silver Net Worth And Salary

Will Tech Billionaire Sean Parker's Screening Room Come To Fruition?

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The buzz surrounding billionaire Sean Parker's Screening Room has died out and may not happen after all. The tech entrepreneur's latest startup idea would give users the ability to watch new movies at home that are still being streamed in theaters for a fee of $50.

Parker and his cofounder, Prem Akkaraju, have promoted the potential service for the past two years at CinemaCon – the official convention of The National Association of Theatre Owners. The concept promises studios and exhibitors added revenue to all sides of the industry.

For $50, the movie would become available for 48 hours, with its profits being dispersed to the movie's distributor (20%) and Screening Room (10%), and a participating theater chain would also receive up to $20. Each viewer would receive two tickets to see the rented title at their local theater.

Justin Sullivan/Getty Images

Many industry players are against the bigger picture: Movies available on premium video on demand (PVOD) platforms simultaneously with theatrical releases. The first two weeks of a title's theatrical run are when studios and exhibitors make the majority of their income.

Once decade-long questions about PVOD are answered, Screening Room may stand a better chance, but there are other systems aiming to do something similar.

"It seems to me it's often an individual company that comes along and believes it has figured out how to make all the money in the theater space," Barbara Twist, the managing director of the Art House Convergence, which represents smaller theaters, told Business Insider. "Personally, I have yet to see a new version that ensures that everybody keeps making the amount of money currently being made."

Twist added, "We would welcome a discussion along the lines of them saying: 'We have this idea. We would like to help the moviegoing population see more movies. How can we work with you?' rather than a PowerPoint presentation."

But yet another hurdle for the 37-year-old businessman remains: iTunes. For years, iTunes has gotten the opportunity the provide movie titles for home viewing before other providers, and many think iTunes is the most logical choice for the movie industry.

"It's what everybody has, and if the price point is right, Screening Room is cut out. Nobody needs them," said Jeff Bock, the senior box-office analyst for Exhibitor Relations. "And to build that infrastructure with Screening Room would take a long time. Screening Room has a really tough hill to climb."

Read more: Will Tech Billionaire Sean Parker's Screening Room Come To Fruition?

How Carl Icahn Lost Out On Earning $4 BILLION From Netflix

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This month marks two years since Carl Icahn sold his stock in Netflix. The billionaire financier, who has a net worth of $18 billion, missed out on $4 billion after closing his investment in 2015. This is how it all happened:

Oct. 31, 2012: The 81-year-old businessman announced over social media that he invested $321 million in Netflix, paying an average price of $58 per share and acquiring 10 percent of the entertainment streaming company. Prior to the investment, in the fall of 2011, Netflix stock lost more than 80 percent of its value – dropping from over $300 per share – after the company's attempt to introduce Qwikster and separate the DVD and streaming services. Icahn's new investment, which he credits to his son Brett, caused shares to spike and close out the day up 14 percent.

Neilson Barnard/Getty Images for New York Times

Oct. 2013: Going against his 37-year-old son's advice, Icahn sold half his stock one year later. His initial profit rang in at approximately $825 million.

June 24, 2015: Less than two years later, it's announced on Twitter that Icahn has chosen to sell his remaining stake in Netflix. The billionaire said he decided to close out the trade due to increased competition and a desire to exit with a large profit. The day Icahn closed out his position Netflix stock was trading at $96.94 per share. It's estimated that Icahn made $1.9 billion off of the investment.

June 2017: Now, another two years later, stock has since gained another 70 percent – had Icahn had held onto his 5.5 million shares, split for 38.5 million – the stake would now be worth nearly $6.4 billion. Woah.

Read more: How Carl Icahn Lost Out On Earning $4 BILLION From Netflix

Mark Zuckerberg's Foundation Donates $5M To Help 60 Teachers

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The median home price in San Mateo County has risen by more than 5 percent in the last year – topping $1.1 million – pushing local public school teachers out of the area where they were, and Mark Zuckerberg and Priscilla Chan want to help.

The couple's education and healthcare foundation, the Chan Zuckerberg Initiative, is joining forces with housing startup Landed to donate $5 million to at least 60 teachers to purchase real estate.

Landed pairs educators with investors who can fund the down payment, then, once the home is sold or 30 years have passed, the investor receives up to a quarter of the property's gains or losses. As long as real estate prices continue to increase, it's a benefit for those on both sides of the equation.

"We need to try new, market-based approaches to improve access to expensive housing for those who serve our communities," said Landed CEO Jonathan Asmis.

Adam Berry/Getty Images

The Chan Zuckerberg Initiative's donation will be distributed to teachers in the Redwood City School District, Ravenswood City School District, and Sequoia Union High School District. The funds will immediately provide up to $120,000 to 60 participating teachers.

"In the Bay Area, few challenges are greater than the need for affordable housing," said David Plouffe, president of policy and advocacy at Chan Zuckerberg Initiative. "It's an issue affecting many of the local schools we work with, where too many students and their families are struggling to stay in their homes and neighborhoods, and recruiting and retaining top teachers is a challenge."

This is the third housing-related cause the Chan Zuckerberg Initiative has sponsored. Earlier this year, the foundation gave $3.1 million to Community Legal Services in East Palo Alto to support tenant assistance.

 

Read more: Mark Zuckerberg's Foundation Donates $5M To Help 60 Teachers

Michael Jordan Once Racked Up An Absurd Golf Debt… How Much Did He Owe?

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Back in June 1993, Michael Jordan was going for his third championship with the Chicago Bulls, looking to put a bow on the first of two three-peats he would have over his career. He was en route to his third straight Finals MVP award.

Yet, during halftime of Game 1 of the NBA Finals, Jordan found himself defending his actions to NBC reporter Ahmad Rashad. Jordan had received some criticism for a late night of gambling in Atlantic City during a playoff series with the New York Knicks. NBC was airing an interview in which Jordan was responding to a self-help book that had recently been released, Michael & Me: Our Gambling Addiction… My Cry For Help!

The book, written by a San Diego sports executive named Richard Esquinas, details Jordan's forays into gambling. It's no surprise, based on his competitive nature on the court that Jordan sought competition off of it, as well. Perhaps the most interesting story is a tale of Jordan allegedly owing $1.2 million in golf debts over a ten-day stretch while in San Diego. He allegedly was able to play his way down to about $908,000, negotiated that debt to $300,000 and eventually paid off $200,000.

Jordan's various tales of big spending are hardly new, but it's still pretty shocking to see some of the money he'd drop so casually. For his part, Jordan didn't deny that he owed $300,000 to Esquinas or negotiated it down to $200,000. However, he did seem to scoff at the $1.2 million.

JEFF HAYNES/AFP/Getty Images

"If I had a problem, I'd be starving, I'd be hocking this watch, my championship rings, I would sell my house," Jordan told Rashad during the 1993 Finals interview. "My wife would have left me, my kids would be starving. I do not have a problem. I enjoy gambling."

The rumors are plentiful: Jordan would bet with just about anyone who would take the challenge. He played cards and golf with friends and teammates, and even allegedly bet on which actresses he would hook up with on trips to Los Angeles. He's rumored to have collected on at least one of those bets.

For how pure Jordan's game was on the court, some people will certainly judge him for his off-court behavior, his gambling a meaty part of that behavior. Though he never bet on the NBA itself, some fans expressed harsh judgment towards his gambling. And if conspiracy theorists are to be believed, gambling is a major reason for Jordan's first retirement in 1993.

We may never find out if that's actually the case, and we probably won't ever know all of Jordan's gambling winnings and debts. But for a man who was so locked in, so dominating on the court, is it really much of a surprise that he applied that mindset to the rest of his life, too?

Read more: Michael Jordan Once Racked Up An Absurd Golf Debt… How Much Did He Owe?

The Force Is With George Lucas As He Drops $34 Million On Bel Air Mansion

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George Lucas chose Los Angeles for his billion-dollar Lucas Museum of Narrative Art and now he's also chosen a Los Angeles mansion to call home. Lucas paid $33.9 million for a Bel Air mansion known as Mi Patria. The house was sold in an off-market deal. The former owner is billionaire and former presidential candidate H. Ross Perot. Perot bought Mi Patria in 2013 for $18 million.

Mi Patria sits on .89 of an acre and was built in 1929. The 10,000 square foot Spanish villa has been renovated to billionaire standards and has five bedrooms and eight bathrooms. The property features a two story, stone walled entrance all with a sweeping staircase, formal living room with fancy Parquet de Versailles wood floors, and a formal dining room with French doors leading to a lush landscaped courtyard. The gourmet eat-in kitchen has a marble topped, double wide island and a fireplace. The home also has a library that has been converted to a 35mm screening room. The master suite has two bathrooms and walk in closets.

via Google Maps

The backyard showcases lush tropical gardens, tiled fountains, a putting green, and a pool with cabana and fireplace. There is an apartment located above the two-car garage at the back of the property. Among George Lucas' new neighbors are former Yahoo chairman Terry Semel, former Walt Disney chairman and CEO Michael Eisner, and A&M Records co-founder Jerry Moss.

Lucas and his wife, Mellody Hobson, own a number of high profile, expensive properties including the 4,700 acre Skywalker Ranch in northern California, a 15,000 square foot mansion in San Anselmo, California, a 1.7 acre oceanfront estate in Carpenteria, California, and a 65th floor condo in a Chicago high rise. George Lucas has a net worth of $5.1 billion.

Read more: The Force Is With George Lucas As He Drops $34 Million On Bel Air Mansion

This Vertical Farming Startup Is Valued At $27.5 Million

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What's vertical farming? In Bowery Farming's first indoor farm, located in a warehouse in New Jersey, proprietary computer software, LEDs, and robotics are able to grow leafy greens without any pesticides, using 95% less water than traditional farms. CEO Irving Fain describes his company as a tech company "thinking about the future of food."

Their indoor farms can be located near city centers and will be able to cut transportation costs and help curb the environmental impact of the industry. By being located indoors, they're unbeholden by weather and can produce 100 times more greens than a traditional outdoor farm of the same size. Fain sees it as a way to answer global population growth, shrinking farmlands, and an influx of people towards urban areas. The farms are enabled by recent technological advances in data analytics and lighting and are poised to scale up in the coming years.

YASUYOSHI CHIBA/AFP/Getty Images

Fain started his career as an investment banker at Citigroup, ran marketing at iHeartMedia, and co-founded loyalty marketing software firm CrowdTwist before venturing into food. They raised first round funds of over $20 million from a list of investors that includes Blue Apron CEO Matt Salzberg and celebrity chef Tom Colicchio as well as GV (formerly Google Ventures). The company has experimented with over 100 different crops and sells six varieties of leafy greens to Whole Foods and Foragers. They plan to use the extra cash to hire more workers and move towards other types of produce. For the long term, they are eyeing China and other emerging markets where food security is an important topic.

Bowery isn't the only one trying to do vertical farming. Competitors AeroFarms and Plenty United are also farming indoors with the capacity to produce millions of greens, and AeroFarms has already raised $100 million, while Plenty United has billionaire backing from Jeff Bezos and Eric Schmidt. The technology enables vertical farmers to convert old warehouses and factories into agricultural centers. All of them benefit from advances in LED lighting that can mimic natural sunlight, as well as lower costs for industrial-scale lighting setups.

 

Read more: This Vertical Farming Startup Is Valued At $27.5 Million


Dr. Dre Donates $10 Million For The Construction Of Compton High School's Performing Arts Center

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To say that Dr. Dre is a Compton legend would be an understatement. The 52-year-old music mogul started his career as a member of World Class Wreckin' Cru in the early 80s, then helped found the legendary rap group N.W.A. After he departed N.W.A., Dre embarked on a successful career as a rapper, producer and businessman. Dre's success has undoubtedly brought him a lot of money in the process, and as a result, he is giving back to his hometown in a big way.

Dr. Dre recently committed $10 million dollars to the Compton Unified School District in order to help construct a performing arts center for one of his hometown's high schools. The art center will be a part of Compton High School, and will likely begin construction in 2020. The center is slated to have creative resources and a 1,200 seat theater.

When speaking about his donation to the school district, Dre said the following: "My goal is to provide kids with the kind of tools and learning they deserve … The performing arts center will be a place for young people to be creative in a way that will help further their education and positively define their future."

Dre also committed to being involved in raising more funds in order to help finish the project.

(Chelsea Lauren/Getty Images for BET)

Micah Ali, the vice chairman of the Compton Unified School District's Board of Education said the following: "The Compton Unified School District is building what will be the most modern high school complex ever provided to public school students. This extraordinarily ambitious project will be a beacon for transformational change in Compton – giving our community an unparalleled access to opportunity and achievement. Dr. Dre has stepped up and partnered with the school district to make this vision a reality. A true act of giving back to the community in a way that will directly impact the ever-resilient efforts of our students to rise-up and succeed. A true act of leading the way and standing as an example to others of how never to forget where you came from."

This isn't Dr. Dre's first education-related donation. Back in 2013, he and Jimmy Iovine contributed $70 million collectively to the University of Southern California in order to create the Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation.

Read more: Dr. Dre Donates $10 Million For The Construction Of Compton High School's Performing Arts Center

Jesse Borrego Net Worth

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Jesse Borrego net worth: Jesse Borrego is an American actor who has a net worth of $2 million. Jesse Borrego was born in San Antonio, Texas in August 1962. From 1984 to 1987 he starred as Jesse V. Valesquez on the television series Fame. Borrego starred as Gael Ortega on the TV series 24 from 2003 to 2004. He has had recurring roles on the TV series ER, Dexter, and American Crime. Borrego has starred in several films including New York Stories, Mi Vida Loca, Blood In Blood Out, I Like It Like That, Lone Star, Follow Me Home, The Maker, Con Air, Retroactive, Scooby-Doo! and the Monster of Mexico, The New World, La Mission, Colombiana, Go for Sisters, and more. He has also appeared in episodes of the TV series Miami Vice, Married… with Children, Chicago Hope, Touched By An Angel, CSI: Miami, CSI: Crime Scene Investigation, ER, Burn Notice, and more.

Read more: Jesse Borrego Net Worth

Mix Master Mike Net Worth

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Mix Master Mike net worth: Mix Master Mike is an American turntablist who has a net worth of $10 million. Mix Master Mike was born in San Francisco, California in April 1970. He is best known for being part of the group the Beastie Boys. Mix Master Mike was an official member of the Beastie Boys from 1998 to 2012 and served as a disc jockey and backing vocalist and was featured on the studio albums Hello Nasty, To the 5 Boroughs, The Mix-Up, and Hot Sauce Committee Part Two. As a solo artist Mix Master Mike released his debut album Juko in 1991. He also released the albums Anti-Theft Device in 1998, Eye of the Cyklops in 2000, Spin Psycle in 2001, Return of the Cyklops in 2002, Bangzilla in 2004, NaPALM ROCKETS in 2010, and The Magma Chamber in 2015. Mix Master Mike has also been associated with the Invisibl Skratch Piklz.

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Michael Musto Net Worth

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Michael Musto net worth: Michael Musto is an American journalist and actor who has a net worth of $1.5 million. Michael Musto was born in Brooklyn, New York in December 1955. He has authored the books Downtown in 1986, Manhattan on the Rocks in 1989, La Dolce Musto: Writings by the World's Most Outrageous Columnist in 2007, and Fork on the Left, Knife in the Back in 2011. He also contributed to the books Starstruck: Photographs from a Fan, A Photographic Diary of a Decade, 20 Years of Style: The World According to Paper, and Disco Years. As an actor Musto has appeared in the films Night Owl, Operation Midnight Climax, The Smurfs, Vamp Bikers, Vamp Bikers Dos, Vamp Bikers Tres, and Scumbag. He has also appeared in episodes of the TV series The A-List: New York, See U Next Tuesday, The Jimmy Star Show with Ron Russell, and Cocktails & Classics. He authored the La Dolce Musto column for The Village Voice and works as an entertainment correspondent.

Read more: Michael Musto Net Worth

Neil Tennant Net Worth

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Neil Tennant net worth: Neil Tennant is an English musician, singer, songwriter, and music journalist who has a net worth of $14 million. Neil Tennant was born in North Shields, Tyneside, England in July 1954. He is best known for being the co-founder of the synthpop duo Pet Shop Boys. Tennant worked as a journalist for Smash Hits and also served as assistant editor for the magazine. Pet Shop Boys formed in 1981 and released their debut studio album Please in 1986 which reached #3 in the UK and #7 in the US. The duo's next three albums Actually in 1987, Introspective in 1988, and Behaviour in 1990 all reached #2 in the UK. Their album Very was released in 1993 and reached #1 in the UK. Pet Shop Boys also had success with their albums Bilingual in 1996, Nightlife in 1999, Released in 2002, Fundamental in 2006, Yes in 2009, Elysium in 2012, Electric in 2013, and Super in 2016. Their #1 singles include "West End Girls", "It's a Sin", "Always on My Mind", "Heart", "Go West", and "The Pop Kids".

Read more: Neil Tennant Net Worth

Lee Radziwill Net Worth

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Lee Radziwill net worth: Lee Radziwill is an American socialite, executive, and former actress who has a net worth of $50 million. Lee Radziwill was born in Southampton, New York in March 1933. She is known for being the sister of former First Lady Jacqueline Kennedy Onassis and the sister-in-law of President John F. Kennedy. In 1996 Radziwill was named to the International Best Dressed List Hall of Fame. Her acting career was unsuccessful and highly publicized. Radziwill served as a public relationships executive for Italian fashion designer Giorgio Armani. She has been married three times including to Prince Stanislaw Albrecht Radziwill and Herbert Ross and has two children including Anthony Stanislas Albert Radziwill. Lee was married to Michael Canfield and served as matron of honor for the wedding between John F. Kennedy and Jackie. The couple moved to England and lee met Stanislas Radziwill. Both decided to get divorced and marry each other.

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Rodney Crowell Net Worth

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Rodney Crowell net worth: Rodney Crowell is an American country music singer-songwriter, musician, and record producer who has a net worth of $14 million. Rodney Crowell was born in Houston, Texas in August 1950. His debut studio album Ain't Living Long Like This was released in 1977. Crowell released the albums But What Will the Neighbors Think in 1980, Rodney Crowell in 1981, and Street Language in 1986. His 1988 album Diamonds & Dirt reached #8 on the US Country chart and was certified gold in the US and Canada. Crowell went on to release the albums Keys to the Highway in 1989, Life Is Messy in 1992, Let the Picture Paint Itself in 1994, Jewel of the South in 1995, The Houston Kid in 2001, Fate's Right Hand in 2003, The Outsider in 2005, Sex and Gasoline in 2008, and Kin: Songs by Mary Karr & Rodney Crowell in 2012. His album Old Yellow Moon (with Emmylou Harris) was released in 2013 and reached #4 on the US Country chart. He also released the albums Tarpaper Sky in 2014, The Traveling Kind (with Emmylou Harris) in 2015, and Close Ties in 2017. Crowell has had #1 singles with the songs "It's Such a Small World" (with Roseanne Cash), "I Couldn't Leave You If I Tried", "She's Crazy for Leavin", "After All This Time", and "Above and Beyond". He won Grammy Awards for Best Country Song in 1990 and Best Americana Album in 2014.

Read more: Rodney Crowell Net Worth


Alec Mapa Net Worth

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Alec Mapa net worth: Alec Mapa is an American actor, comedian, and writer who has a net worth of $1 million. Alec Mapa was born in San Francisco, California in July 1965. He first starring on Broadway replacing B.D. Wong in M. Butterfly. From 2002 to 2006 he starred as Adam Benet on the television series Half & Half. Mapa starred as Suzuki St. Pierre on the TV series Ugly Betty from 2007 to 2010. He has had recurring roles on the TV series Murder One: Diary of a Serial Killer, Murder One, Spy Game, Some of My Best Friends, Desperate Housewives, Switched at Birth, Devious Maids, and more. Mapa has starred in the films Bright Lights, Big City, Who's Your Daddy?, Connie and Carla, Dirty Laundry, Marley and Me, You Don't Mess with the Zohan, and more. He co-hosted the reality dating series Transamerican Love Story on Logo. Mapa starred in his own one-man show called Alec Mapa: Baby Daddy which aired on Showtime in 2015.

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Stipe Miocic Net Worth

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Stipe Miocic net worth: Stipe Miocic is an American mixed martial artist who has a net worth of $2 million. Stipe Miocic was born in Euclid, Ohio in August 1982. He is a heavyweight who competed in NCAA Division I Wrestling for Cleveland State and was a Golden Gloves boxing champion. Miocic made his professional MMA debut defeating Corey Mullis in February 2010. He won the NAAFS Heavyweight Championship by beating Bobby Brents in June 2011. Miocic made his UFC debut in October 2011 when he defeated Joey Beltran. He beat Philip De Fries in February 2012 and had the Knockout of the Night. Miocic was part of the Fight of the Night in his first loss against Stefan Struve in September 2012. He has the Performance of the Night in a win over Fabio Maldonado in May 2014 and the Fight of the Night in a loss to Junior dos Santos in December 2014. Miocic won the UFC Heavyweight Championship in the Performance of the Night by beating Fabric Werdum in May 2016. He defended the championship and beat Alistair Overeem in September 2016 in the Fight of the Night and Junior dos Santos in May 2017 in the Performance of the Night. As of that fight his record is 17-2.

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Billionaire Heiress Goes On 17-Hour Bender While Caring For Child

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Russian billionaire heiress Nicole Ovchinnikova went on a 17-hour drinking binge in the lounge of a swanky London hotel while caring for a young child, according to a current court case in the U.K. The 37-year-old socialite arrived at The International Britannia Hotel in the Canary Wharf district of London at 5:30pm on March 1st with the child and a man and started drinking. By 10:30am the next morning, she was still ordering cocktails and the child appeared to have been at her side all night, with no sleep.

The sometimes model and fashion designer was observed to have been drinking large amounts of alcohol throughout the night and into the morning by the hotel staff. By 7am, when she was still throwing back drinks and a hotel manager became concerned. At 10:30am, the hotel staff became concerned about the welfare of the child and called the local police. Nicole was arrested at 10:37am and was allegedly verbally abusive with the law enforcement officers, shouting about pedophiles and sex offenders. Ovchinnikova could not walk or talk properly and the child was quite distressed and taken into protective custody.

Officers report that they could clearly smell alcohol on Nicole's breath and she was surrounded by a large number of empty glasses.

During the trial, attorneys read the police interview Ovchinnikova gave on the morning of her arrest. At that time Nicole said that she did not intend to get drunk, but she had just found out that her ex-boyfriend had gotten her best friend pregnant. Nicole admitted to sharing three bottles of wine with the man she was with and thought she could handle it.  She claimed to have had one glass of wine with dinner before she and the child went to bed. They came back down to the lounge early the next morning for breakfast. Nicole claims to have taken sleeping pills and that is why she appeared not to be able to walk or talk properly. She denies being drunk on the morning of March 2nd when she was arrested. All of this rather conflicting information was a part of her March 2 police interrogation.

Ovchinnikova previously went by the name Nicole Sconciaforni. She has homes in Milan and Moscow and a private jet. She is a trust fund baby who was prominent on the London party scene in the late 2000s and was friends with Kate Moss, Paris Hilton, Kelly Brook, and the late Peaches Geldolf. Currently, she runs the fashion label Brandy Melville, which has stores throughout London.

The trial will resume next month and Ovchinnikova is expected to uphold her prior claim that she was not drunk while taking care of a child when she gives testimony.

Read more: Billionaire Heiress Goes On 17-Hour Bender While Caring For Child

How Much Money Did Baseball Players Make Thirty Years Ago?

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Baseball players are making more today than they ever have before. We covered the highest-paid players in the major leagues earlier this season. Perhaps it's not surprising that the majority of the top earners in 2017 are pitchers. After all, having a strong rotation and bullpen often leads to postseason success, even if the lineup isn't nearly as strong. And to attract an ace to lead that rotation, a team usually has to shell out some money.

It wasn't always this way, though. There was a time when positional players had top billing, and teams would fork up the cash for the opportunity to sign a big name in the field. In fact, nine of the top ten highest-paid players in 1987 were positional players. Compare that to just three out of ten in 2017.

With baseball salaries steadily increasing for more than a decade, today's contracts are naturally worth more than those from 30 years ago. But just how much more are the top players of 2017 making? Let's take a look at the highest salaries from each era.

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1987: Jim Rice, OF, Boston Red Sox – $2,412,500 (Adjusted for inflation: $5,197,345)

2017: Clayton Kershaw, P, Los Angeles Dodgers – $35,571,428

Clayton Kershaw is the top earner in baseball for the second straight year. It's well-deserved, too. He has made six All-Star teams, won three Cy Young awards and took home the 2014 NL MVP. He's also never had an ERA that's surpassed 2.91 since his rookie year. The Dodgers are hoping he can continue his strong pitching to lead the team to a World Series victory, which is just about the only thing missing from his resume.

Meanwhile, Jim Rice was an eight-time All-Star and won the MVP award once during his 16-year career, all with the Red Sox. He's also in the Hall of Fame. However, by 1987 he was 34 years old and had one of his worst statistical seasons, finishing with .277/.357/.408 splits, 13 home runs and 62 RBI. In a sign of how times have changed, Kershaw will make about seven times more than Rice did in 1987.

1987: Dan Quisenberry, RP, Kansas City Royals – $2,293,509 (Adjusted for inflation: $4,940,998)

2017: Zack Greinke, SP, Arizona Cardinals – $34,000,000

Zack Greinke's first year in Arizona was fairly disappointing. He posted near-career worsts in ERA and home runs allowed while accumulating one of his lowest innings pitched totals. However, he still remains a force on the mound and is both one of the best at defending his position and hitting from the No. 9 spot in the order. He's one of the rare pitchers to snag a Silver Slugger, doing so in 2014 when he hit .328 with four RBI.

Dan Quisenberry was also towards the tail end of his career in 1987, and was no longer the dominant closer he once was, though he was still getting paid like one. He finished with just eight saves that year, his last full one in Kansas City. It was a far cry from his prime in the early 80s, when he led the league in saves in five out of six seasons.

Charlie Neibergall-Pool/Getty Images

1987: George Brett, 3B, Kansas City Royals – $2,205,000 (Adjusted for inflation: $4,750,319)

2017: David Price, SP, Boston Red Sox – $30,000,000

David Price missed the first few months of this season recovering from an elbow injury, and has started off pretty slowly since getting back on the mound. He's still without a postseason win when he started, but the Red Sox are hoping he can turn it around and validate his $30 million price tag.

Most casual fans know the name George Brett. Heck, you might not even be a baseball fan and know that Lorde's "Royals" was inspired by a picture of Brett. The Hall of Famer was a beast on the field, accumulating an MVP Award, a World Series ring, 13 All-Star appearances and three batting titles over an illustrious 21-year career with the Royals. His 1987 campaign wasn't his most impressive, but he still showcased his solid power and batting average.

1987: Eddie Murray, 1B, Baltimore Orioles – $2,153,000 (Adjusted for inflation: $4,638,293)

2017: Justin Verlander, SP, Detroit Tigers – $28,000,000

In 2011, his best season, Justin Verlander not only won the MVP and Cy Young awards, he achieved the pitching triple crown of leading the league in wins (24), strikeouts (250) and ERA (2.40). He was runner-up in Cy Young voting last year, so he's still pitching quite well. His next step is getting the Tigers back to the World Series. They haven't made it since 2012 and have missed the postseason entirely the past two years.

The middle of Eddie Murray's career was in 1987, and though he still hit 30 home runs and 91 RBI, it was the first time in seven years that Murray didn't make the All-Star team. Over his 21-year career, Murray racked up a very respectable 3,255 hits, 504 home runs and 1,917 RBI.

Ezra Shaw/Getty Images

1987: Mike Schmidt, 3B, Philadelphia Phillies – $2,127,333 (Adjusted for inflation: $4,582,998)

2017: Miguel Cabrera, 1B, Detroit Tigers – $28,000,000

Miguel Cabrera is making the same amount of money as his teammate Verlander. He's currently the highest-paid position player in the league and is still quite effective at 34 years old. He's won two MVP awards, been to 11 All-Star games, and has led the American League in batting in four separate seasons. He even has a World Series championship to his name, earning a ring with the Florida Marlins during his rookie season in 2003. Cabrera is known for his consistent power, too – coming into the year, he had hit at least 30 home runs in 10 of his 14 years in the majors.

In 1987, Mike Schmidt was 37 years old but was coming off an MVP season. He still put up incredible numbers, though, batting .293 with 35 home runs and 113 RBI en route to his 11th All-Star appearance. He tacked on a 12th in his final season in 1989. During his 18-year career, he won three MVPs, 10 Gold Gloves and six Silver Sluggers. It's safe to say the Phillies certainly got their money's worth with Schmidt.

Below are the other players who made the most during the 1987 and 2017 seasons, respectively. How do their salaries stack up?

1987: Gary Carter, C, New York Mets – $1,998,571 (Adjusted for inflation: $4,305,601)

2017: Jason Heyward, OF, Chicago Cubs – $26,055,028

 

1987: Don Mattingly, 1B, New York Yankees – $1,975,000 (Adjusted for inflation: $4,254,821)

2017: Albert Pujols, 1B, Anaheim Angels – $26,000,000

 

1987: Ozzie Smith, SS, St. Louis Cardinals – $1,940,000 (Adjusted for inflation: $4,179,419)

2017: Felix Hernandez, SP, Seattle Mariners – $25,857,143

 

1987: Willie Wilson, OF, Kansas City Royals – $1,935,296 (Adjusted for inflation: $4,169,285)

2017: C.C. Sabathia, SP, New York Yankees – $25,000,000

 

1987: Dale Murphy, OF, Atlanta Braves – $1,900,000 (Adjusted for inflation: $4,093,246)

2017: Jon Lester, SP, Chicago Cubs – $25,000,000

Read more: How Much Money Did Baseball Players Make Thirty Years Ago?

Oil Billionaire Eugene Shvidler Angers Many By Parking His Huge Yacht In Front Of The Statue Of Liberty

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In what would probably be rejected as too obvious a visual metaphor in nine out of ten Hollywood movies, a Russian-American oil billionaire angered visitors and photographers visiting the Statue of Liberty in New York last week. Eugene Shvidler, born in Russia but a US citizen since 1994, parked his massive 370-foot mega yacht right in front of Lady Liberty for two weeks in April, followed by much of June, according to the New York Post. 

Shvidler is perfectly within his rights to anchor his ship where he did, but the unwritten norms of the area dictate that boats only remain there for a day or two at most. Roland Lewis is president of the non-profit Waterfront Alliance, an organization devoted to the shores adjacent to the statue, and he was understandably unhappy about Shvidler's actions:

"It's the people's statue versus a person's private boat. That boat is right there obstructing the parade of excursion boats that go out there to visit the statue."

New York Post

In case you're interested, the name of Shvidler's yacht is Le Grand Bleu, a gift from fellow wealthy yacht enthusiast Roman Abramovich, and reportedly ranks as one of the largest in the world. Despite many visitors' displeasure with the Bleu getting in the way of their view of the Statue of Liberty, a spokesman for the Coast Guard said Shvidler won't be asked to move unless he creates "an unreasonable obstacle."

As of this writing, the yacht  has left its controversial spot for less scrutinized waters, but it isn't known whether Shvidler plans to stay away for good or if this is just another trip in between stints near Liberty Island.

Read more: Oil Billionaire Eugene Shvidler Angers Many By Parking His Huge Yacht In Front Of The Statue Of Liberty

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