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Showing posts with label Forbes. Show all posts
Showing posts with label Forbes. Show all posts
Wednesday, June 15, 2011
Mark Cuban pays for $110,000 bar tab
Dallas Mavericks owner Mark Cuban spent $110,000 in four hours celebrating at club Liv at Miami's Fontainebleau after his Mavs beat the Heat to take the NBA Championship. Cuban spent most of it on a $90,000 bottle of Ace of Spades Champagne for teammates Dirk Nowitzki, Jason Terry, Brian Cardinal and Shawn Marion. After partying with the trophy until 5 a.m. yesterday and taking in a performance by Lil Wayne, Cuban left a $20,000 tip for the wait staff. "Worth every penny," he cheerily told us via e-mail.
According to Forbes, Cuban is ranked 459th on the "World's Richest People" list, with a net worth of $2.5 billion, so while he can't grab the check like this every day, this month's fun has been well within his means. MadOne
Thursday, April 14, 2011
Hip-Hop's Wealthiest Artists
Sean "Diddy" Combs
Worth: $475 millionFast Facts: Artist formerly known as Puff Daddy built fortune chiefly through clothing line Sean John, record label Bad Boy and Ciroc vodka. Acting gigs, television shows and guest appearances add to coffers. Told Forbes in 1999: "I'm gonna be bigger than David Geffen." Not there yet.
Shawn "Jay-Z" Carter
Worth: $450 millionFast Facts: Beyonce's husband sold Rocawear clothing label for $204 million in 2007; signed 10-year $150 million Live Nation deal in 2008. Holds stakes in New Jersey Nets, 40/40 Club chain, ad firm Translation, other businesses. Lyrical boasts appear accurate: "I'm like really half a billie . . . you got baby money."
Andre "Dr. Dre" Young
Worth: $125 millionFast Facts: Superproducer/rapper helped launch careers of Snoop Dogg, Eminem, 50 Cent. Expanded wealth with Aftermath record label, Beats headphones and HP laptop line. Likens himself to world's first billionaire: "Young black Rockefeller ... gettin' money like a bank teller."
Bryan "Birdman" Williams
Worth: $100 millionFast Facts: Cofounded Cash Money Records with brother Ronald and inked $30 million distribution deal with Universal in 1998; affiliated Young Money lineup now includes rappers Lil Wayne and Nicki Minaj. Lyrical boasts ("Richer than the richest!") are simply not true.
Curtis "50 Cent" Jackson
Worth: $100 millionFast Facts: Received nine figures for Vitaminwater stake in 2007; spent freely on cars, renovations to mansion formerly owned by Mike Tyson. Cushion remains from catalog, acting gigs and 50 Cent-themed videogames, books, clothes and headphones. Future billionaire? Told Forbes in 2008: "It's probably going to take me 10 years." Forbes.com
Monday, January 3, 2011
Goldman values Facebook at 50 bln dollars: report
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Mark Zuckerberg |
NEW YORK (AFP) – Social-networking giant Facebook could flex its growing might after reportedly raising 500 million dollars from Goldman Sachs and a Russian firm in a deal valuing the website at 50 billion dollars.
Goldman has invested 450 million dollars, and Digital Sky Technologies, a Russian investment firm that has already sunk about half a billion dollars into Facebook, invested 50 million dollars, The New York Times reported Monday, citing sources familiar with the deal. Facebook and Goldman declined to comment on the report.
The investment makes Facebook worth more than fellow Internet companies eBay and Yahoo!, as well as media company Time Warner, the Times said. "The stake by Goldman Sachs, considered one of Wall Street?s savviest investors, signals the increasing might of Facebook, which has already been bearing down on giants like Google," the daily said. The new money provides the privately held social-networking giant founded by Mark Zuckerberg more firepower to develop new resources, make acquisitions and lure away top employees as it increasingly competes more directly with Internet search giant Google.
The new investment deal could also double the personal fortune of Zuckerberg, the Times said. According to Forbes, Zuckerberg was worth 6.9 billion dollars when Facebook was valued at 23 billion dollars.
Tuesday, November 9, 2010
Hollywood's 10 Most Overpaid Actors (Forbes)
Will Ferrell
The former Saturday Night Live star built up to a big payday with a series of successful films, like Elf and Talladega Nights. But a big payday puts a star at risk when it comes to return on investment: His movies have to be home runs. So Land of the Lost, which cost an estimated $100 million to make and earned only $69 million, really hurt the star. For every $1 Ferrell was paid, his films earned an average $3.35.Eddie Murphy
Murphy was once a sure bet in family-friendly comedies like Dr. Dolittle and Daddy Day Care. He's still a sure bet in animated films like Shrek, but thanks to two big flops (Imagine That and Meet Dave) he's become box office poison when it comes to live action films. For every $1 Murphy gets paid, his films earn an average $4.45.Denzel Washington
Later this month the leading man will star in the film Unstoppable, a prototypical Washington flick. It is directed by Tony Scott, who has partnered with Washington five times before, and features the actor as an everyman hero--on a runaway train. Here's hoping it helps his return-on-investment number. For every $1 Washington earned, his films returned an average $5.10.Seth Rogen
The funny man got hit by a movie called (ironically) Funny People. The Judd Apatow-produced film cost $75 million to make and earned only $71 million at the box office. His upcoming superhero movie, The Green Hornet, doesn't look like it will improve his standing much. It was moved from Christmas to an inauspicious January release date. For every $1 Rogen was paid, his movies earned $6.75.Tom Cruise
Cruise was once the biggest movie star in the world. Now he seems in constant search of a comeback. Valkyrie didn't do it, despite a respectable $200 million take at the global box office. Knight & Day with Cameron Diaz (which hit theaters after our deadline for consideration) also failed to make an impact. Now Cruise fans are focused on the upcoming fourth installment of his successful Mission: Impossible series. For every $1 Cruise was paid, his films earned an average $7.20.Drew Barrymore
Barrymore has struggled at the box office lately. Films like Lucky You and Everybody's Fine have underperformed. Her latest romantic comedy, Going the Distance, did a bit better, earning $42 million at the box office on a budget of $32 million. That movie came out after our deadline, but it's unlikely to help her return on investment number much. For every $1 Barrymore was paid, her films earned an average $7.45.Matt Damon
When he appears in the Bourne films Damon is a fantastic return on investment. Outside of those movies, not so much. Green Zone, Invictus and The Informant all underperformed. Unfortunately for Damon, it looks like he's not going to appear in the next Bourne film. Until he has another big hit, for every $1 Damon gets paid, his films earn an average $8.30.Vince Vaughn
The actor had a big hit with Four Christmases, but it was overshadowed by Fred Claus, which earned only $98 million at the global box office. Vaughn continues to stay in his comedic comfort zone with his upcoming Ron Howard film The Dilemma, which has come under fire for using a gay joke in the trailer. For every $1 Vaughn was paid, his films earned $8.35.Adam Sandler
Sandler had a huge hit with the movie Grown Ups. It was his highest grossing movie ever at the global box office with $270 million in ticket sales. But that movie came out after our deadline. For the sake of this list, Sandler's average was weighed down by the film Funny People, which grossed only $71 million. For every $1 Sandler was paid, his films earned an average $8.45.Jim Carrey
Carrey's last movie, Yes Man, was a bona fide hit. Unfortunately the two other films we counted for this list, The Number 23 and Fun With Dick & Jane, were not. Carrey is taking a huge chance with his next film, I Love You Phillip Morris, in which he plays a gay con artist who gets thrown in jail. For every $1 Carrey was paid, his films earned $8.60.Tuesday, November 2, 2010
America's Happiest Companies
Here's a look at some of the happiest companies in the U.S.
©Paul Sakuma/AP |
Offers employees positive psychology training; onsite cafeterias, fitness facilities and bocce courts; and 80 associations like knitting and book clubs bring employees together based on personal interests.
©Ross Franklin/AP |
Encourages flexible schedules like telecommuting, job-sharing and compressed workweeks; employees are offered paid sabbaticals; gay partners receive health benefits.
©Courtesy Google |
Offers onsite childcare and encourages employees to visit children during the day, famously provides free meals, Google also hosts "TGIF" weekly staff meetings, dry-cleaning, oil changes, supplies ping pong tables and videogame stations where employees can break from work.
©Joern Pollex/Getty Images |
According to happiness expert Shawn Achor, MIT researchers studied thousands of IBM employees for a year and found the more social they were the better they performed. Each additional e-mail contact added $948 in revenue. IBM since launched a program to facilitate employee introductions to increase overall happiness.
©Newscom |
Invests in happiness training; allows employees to take partially paid leaves for up to 12 weeks; encourages flexible scheduling and formal mentoring programs.
Friday, October 15, 2010
Billionaire's extravagant skyscraper home
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BALLING FOR REAL! |
India’s richest man has moved into world’s biggest private residence.
Marking the end of seven years of construction work, India's richest man is planning a housewarming party for his 27-story palatial new home in Mumbai, replete with no fewer than three helipads and an air-traffic control station on its roof.
The 570-foot-tall glass tower, called Antilia, "features a swimming pool, a health club, a salon and a mini-theatre," reports the Times of India. "The first six levels comprise the garage where more than 160 cars can be parked. Atop the parking lot is Antilia's lobby, which has nine elevators." The house also has a garden that can accommodate trees, according to the Telegraph, and a separate ballroom. About 600 staffers will be required to run Antilia, named after the mythical island in the Atlantic.
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Mukesh Ambani |
The house belongs to Mukesh Ambani, who owns much of the oil and retail giant Reliance Industries. He is estimated to be worth about $27 billion. Experts told the Guardian that "there is no other private property of comparable size and prominence in the world." Ambani, the fourth-richest man in the world, co-ran Reliance with his brother before the two had a falling-out and split the company.
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Antilia |
Labels:
Finance,
Forbes,
Real Estate
Monday, October 11, 2010
America's Youngest Billionaires
Facebook catapults three 20-somethings onto the list, but the youngest isn't who you think it is.
Dustin Moskovitz
Net Worth: $1.4 billion
Source: Facebook
Age: 26
America's youngest billionaire is eight days younger than his former Harvard roommate Mark Zuckerberg. Facebook's first chief technology officer, he left in 2008 to start Asana, a software company that allows individuals and small companies to better collaborate. The company has attracted several of the same early backers as Facebook and may one day be worth something. For now, though, Forbes estimates Moskovitz's entire $1.4 billion fortune comes from his 6 percent stake in Facebook.
Zuckerberg may no longer reign as the youngest member of the Forbes 400, but he has bragging rights as the year's biggest percentage gainer -- his net worth jumped to $6.9 billion, up from $2 billion, making him worth nearly five times as much as Moskovitz and more than even Apple's (Nasdaq: AAPL - News) Steve Jobs.
The third Facebook co-founder among the ranks is 28-year-old Eduardo Saverin, who once owned a one-third stake in Facebook. When Zuckerberg and Moskovitz quit school to relocate to California, Saverin stayed behind to graduate. A year later Facebook sued him; he countersued. The parties settled with Saverin apparently getting a 5 percent stake and a co-founder bio on Facebook's site. Don't feel bad. We estimate that share makes him worth $1.15 billion.

©J. Scott Applewhite/APJohn Arnold
Net Worth: $3.3 billion
Source: hedge funds
Age: 36
The former Enron oil trader founded hedge fund Centaurus after the energy outfit famously collapsed. His fund now has $5 billion under management, and he and his wife Laura recently pledged half of their wealth to the Gates-Buffet challenge.
Jerry Yang
Net Worth: $1.15 billion
Source: Yahoo!
Age: 41
Born in Taiwan, Yang moved to the U.S. at age 10. He created his Web directory in 1994 with partner David Filo when both were Stanford grad students. Yahoo! co-founder made his debut among America's 400 richest at age 29. Still with Yahoo!, but no longer its head honcho. He sits on other boards and makes a number of charitable donations.
Forbes.com
Dustin Moskovitz
Net Worth: $1.4 billion
Source: Facebook
Age: 26
America's youngest billionaire is eight days younger than his former Harvard roommate Mark Zuckerberg. Facebook's first chief technology officer, he left in 2008 to start Asana, a software company that allows individuals and small companies to better collaborate. The company has attracted several of the same early backers as Facebook and may one day be worth something. For now, though, Forbes estimates Moskovitz's entire $1.4 billion fortune comes from his 6 percent stake in Facebook.
![]() |
Mark Zuckerberg |
Zuckerberg may no longer reign as the youngest member of the Forbes 400, but he has bragging rights as the year's biggest percentage gainer -- his net worth jumped to $6.9 billion, up from $2 billion, making him worth nearly five times as much as Moskovitz and more than even Apple's (Nasdaq: AAPL - News) Steve Jobs.
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Eduardo Saverin |
©J. Scott Applewhite/APJohn Arnold
Net Worth: $3.3 billion
Source: hedge funds
Age: 36
The former Enron oil trader founded hedge fund Centaurus after the energy outfit famously collapsed. His fund now has $5 billion under management, and he and his wife Laura recently pledged half of their wealth to the Gates-Buffet challenge.
©Courtesy of Google |
Sergey Brin
Net Worth: $15 billion
Source: Google
Age: 37
Source: Google
Age: 37
Emigrated from Russia at age 6; his mother was a research scientist at NASA. He met Larry Page in computer science Ph.D. program at Stanford and dropped out in 1998 to start Google. Brin now focuses on raising margins with Instant Search and building new businesses in communications, and he invests in space travel initiatives and Parkinson's research on the side.
©Courtesy of Google |
Larry Page
Net Worth: $15 billion
Source: Google
Age: 37
Source: Google
Age: 37
The Google co-founder dropped out of his Stanford Ph.D. program in 1998 to start the search engine. Nowadays his personal passions include buying up chunks of residential Palo Alto for a network of houses that use new types of fuel cells, geothermal energy and rainwater capture. He also rides a Zero X electric dirt bike and an electric sports car from Tesla Motors, in which he and Sergey Brin are investors. Page is a board member of the X Prize Foundation, a nonprofit looking for breakthroughs in genomics, energy and space exploration.
©Victoria Will/Splash News/Newscom |
Daniel Ziff
Net Worth: $4 billion
Source: inheritance, hedge funds
Age: 38
Source: inheritance, hedge funds
Age: 38
The youngest son of the late William Ziff Jr., who built the Ziff-Davis publishing empire (PC Magazine, Car & Driver, Boating) and later sold out. Daniel and his brothers Dirk and Robert inherited their father's fortune, which they have since reinvested in Ziff Brothers Investments. He recently got married.
©Eric Jamison/AP |
Lorenzo Fertitta
Net Worth: $1 billion
Source: casinos, Ultimate Fighting Championship
Age: 41
Source: casinos, Ultimate Fighting Championship
Age: 41
Fertitta returns to billionaire status thanks to growing martial arts league Ultimate Fighting Championship, which he owns with his older brother Frank. Abu Dhabi investment is helping UFC go international. A scuba diver, he swims with sharks -- including tigers and great whites -- for fun.
©J. Scott Applewhite/AP |
Net Worth: $1.15 billion
Source: Yahoo!
Age: 41
Born in Taiwan, Yang moved to the U.S. at age 10. He created his Web directory in 1994 with partner David Filo when both were Stanford grad students. Yahoo! co-founder made his debut among America's 400 richest at age 29. Still with Yahoo!, but no longer its head honcho. He sits on other boards and makes a number of charitable donations.
Forbes.com
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