Tag Archives: billionaire

Five Richest People Lose $36.5B In Stock Market Tumble

(New York, NY-AP) — The world’s five richest people are paying a pretty penny for the COVID-19 coronavirus outbreak.

They lost nearly 37-billion dollars combined in this week’s stock market tumble. Amazon CEO Jeff Bezos was hit the hardest, dropping his fortune to 116-billion.

Microsoft’s Bill Gates was second. He called the deadly disease a “once-in-a-century pathogen we’ve been worried about.”

Japanese Billionaire Seeks Life Partner For Trip To Moon

(AP) — The Japanese billionaire who’s paying to be the first private citizen to fly around the moon wants company and the deadline to apply is this Friday. Yusaku Maezawa  has set up a website to help find a woman with a desire for world peace to be his life partner.

The 44-year-old online fashion empire founder says applicants must also be single women who are over the age of 20, interested in going into space and preparing for it.

Maezawa’s looking for someone with “a bright personality” who “wants to enjoy life to the fullest.”

Billionaire Pledges To Pay Off Student Loan Debt For Graduates

(Atlanta, GA-AP) — Morehouse College graduates are having their student loans paid off by a billionaire investor. Graduate Earnest White says it took a minute for the news to sink in.

Robert F. Smith made the stunning announcement as he delivered the commencement address over the weekend at the all-male, historically black college. He said “you great Morehouse men are bound only by the limits of your own conviction and creativity.” Morehouse says Smith promised as much as 40-million-dollars to make sure each graduate left college debt-free.

Patriots Owner Robert Kraft Accused Of Soliciting Prostitute

(Jupiter, FL-AP) – Robert Kraft, the billionaire owner of the New England Patriots, faces charges of soliciting a prostitute after he was twice videotaped in a sex act at a shopping-center massage parlor in Florida, police said Friday. The 77-year-old Kraft denied any wrongdoing. The charge comes amid a crackdown on sex trafficking from Palm Beach to Orlando in which police planted cameras in massage parlors.
Kraft was not immediately arrested. Jupiter police said a warrant will be issued and his attorneys will be notified. They said details about the charges against the owner of the Super Bowl champion team will not be released until next week.
Hundreds of arrest warrants have been issued in recent days as a result of the six-month investigation, and more are expected. Ten spas have been closed, and several people have been taken into custody on sex trafficking charges. Jupiter police Chief Daniel Kerr said he was shocked to learn that Kraft, who is worth $6 billion, was paying for sex inside a shopping-center massage parlor, the Orchids of Asia Day Spa. ”We are as equally stunned as everyone else,” Kerr said.
Most people charged for the first time with soliciting a prostitute in Florida are allowed to enter a diversion program, said attorney David Weinstein, a former prosecutor. Kraft would probably have to perform 100 hours of community service and attend a course on the harmful effects of prostitution and sex trafficking, he said.
The arrest could also get Kraft in trouble with the NFL, which in a statement said only that it is ”aware of the ongoing law enforcement matter and will continue to monitor developments.”Under league policy, players, owners, coaches and other employee scan be punished for ”conduct detrimental to the integrity of and public confidence in” the NFL.”Ownership and club or league management have traditionally been held to a higher standard and will be subject to more significant discipline,” the policy says.The Patriots won the Super Bowl this month over the Los Angeles Rams for their sixth NFL championship in the past 18 seasons,making them the most successful team in pro sports during that span.
Before the Super Bowl, several retired NFL players appeared in a public service announcement decrying sexual exploitation and human trafficking in Atlanta, the host city.Kraft lives in Massachusetts and has a home in the Palm Beach area.Though he is a Democrat, he is friendly with President Donald Trump and a frequent guest at Trump’s Mar-a-Lago club. Kraft’s wife, Myra Hiatt Kraft, died in 2011.
He has been dating 39-year-old actress Ricki Noel Lander since 2012.”Well it’s very sad. I was very surprised to see it. He’s proclaimed his innocence, totally,” Trump said at the White House on Friday.In a statement, Kraft’s representatives said they ”categorically deny that Mr. Kraft engaged in any illegal activity.”The spa Kraft allegedly visited is in a busy, upper-middle-class shopping center with neighbors that include a dentist, a real estate office, surf and bike shops and a Publix supermarket. After hearing about the arrest, Brian Rubino, a Patriot fan who lives nearby, went by the spa wearing a team jersey. He said Kraft made a mistake, but he could see how it might happen.”A 77-year-old man, lost his wife, who knows? I see how you can end up in a place like this,” Rubino said.
Vero Beach police Chief David Currey, whose agency has been involved in the sex-trafficking investigation, told reporters earlier this week that the prostitutes are victims who have been trapped into the trade.”These girls are there all day long, into the evening. They can’t leave and they are performing sex acts,” Currey said, according to TC Palm. ”Some of them may tell us they’re OK, but they’re not.”The owner of Orchids of Asia Day Spa, 58-year-old Hua Zhang, was arrested Tuesday on 29 prostitution and related charges.
Her attorney, Gennaro Cariglio Jr., had no comment.Kraft, who made his initial fortune through a packaging company,bought the Patriots in 1994 for $172 million to keep the team from moving to St. Louis. He hired Bill Belichick as coach in 2000, and the team later drafted quarterback Tom Brady, launching its nearly two decades of success.In 2007, the Patriots got in trouble for filming other teams’signals. The NFL fined the team $250,000 and Belichick $500,000. In 2014, Brady was accused of deflating game footballs to gain a better grip. He served a four-game suspension, and the Patriots were fined$1 million.Kraft was not implicated in either scandal.

 

The Real Cosmetics ‘Self – Made’ Billionaire, Pat McGrath Labs Hits Billion-Dollar Status

(SL) – Vogue’s Anna Wintour, proclaimed her “the most influential makeup artist in the world.”  Britain’s Queen Elizabeth II made her a Member of the Order of the British Empire for services to the fashion and beauty industry. Pat McGrath is undeniably the most influential makeup artist in the world and she’s built a billion dollar company in just two short years.

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With no help from a family TV show, raunchy tape from a sister’s porn collection or 100 million plus followers on social media, Pat McGrath has built a cosmetics empire from the ground up which good old fashion talent and hard work.

Pat McGrath’s cosmetic company, Pat McGrath Labs, has reached an estimated valuation of $1 billion, surpassing the $800 million dollar value that Forbes placed on Kylie Jenner’s Kylie Cosmetics. WWD reported the value of McGrath’s business.

 

 

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Her ascent to the pinnacle of fashion began in the 1990s with an introduction to legendary lensman Steven Meisel by supermodel Amber Valleta. Fast friends and symbiotic collaborators, they’ve created every cover and lead editorial story for every issue of Vogue Italia, indisputably iconic images for leading global publications and countless brand-defining campaigns.

Building on that success, McGrath launched her brand in 2016 and Pat McGrath Labs instantly became a hit at Sephora stores.

Don’t be surprised if that estimated value hits $2 billion by the end of next year. As of this week, the brand accepted an investment from Eurazeo Brands, an investment division of global investment firm Eurazeo, in a $60 million deal.

To that, McGrath says she is thrilled to be working with the unique and expert team at Eurazeo Brands.”

McGrath as expected is elated about reaching this level of success. She said in a statement that it had been her “dream to create an iconic beauty brand that goes beyond the usual limitations, that lives outside the parameters of what is expected.”

Bloomberg Pledges $80M To Defeat Republicans

(New York, NY) – Former New York City Mayor Michael Bloomberg is reportedly pledging 80-million-dollars to rid Congress of Republicans. In a letter published on Bloomberg.com, he says Republicans haven’t done much to reach across the aisle to come up with solutions on issues like gun control, climate change, and immigration.

Bloomberg said he’s supporting Democrats in their efforts to win control of the House in the upcoming election. Bloomberg was a Democrat before running for mayor, was elected as a Republican and won re-election as an independent on the Republican line.

All The Money In The World: Real Life Story Of A Billionaire Who Wouldn’t Pay Ransom For Kidnapped Grandson

(SL) – It’s truly riveting. The story of a teenager kidnapped and held for ransom in 1973. But this wasn’t just any teenager. It was John Paul Getty III. At the time his Grandfather, John Paul Getty Sr. was the richest private citizen in the world.

An oil magnate and billionaire, one would think that when that day of July 10th, 1973 came and it was revealed that his 16-year old grandson was being held in the company of the mafia that rescuing him wouldn’t be a second thought.

But it was. And that thought would carry on for five months. All The Money In The World explores the true story of John Paul Getty III who grew up in Italy where his father, John Paul Getty Jnr, was working for the family oil business. John Paul Getty had made a fortune in the oil business and by 1966 was a certified billionaire.

But when Getty Jr. developed a drug addiction, Getty Sr. cut him and his children off.

Continue reading All The Money In The World: Real Life Story Of A Billionaire Who Wouldn’t Pay Ransom For Kidnapped Grandson

‘Forbes’ Says Commerce Sec. Ross Lying About Wealth

(SL) – “Forbes” magazine says President Trump’s Commerce Secretary Wilbur Ross is lying about being a billionaire. The 79-year-old has long appeared on the “Forbes” 400 list of America’s wealthiest.

His net worth last year was measured by the magazine at nearly three-billion dollars. But in a scathing report released today, the financial magazine says it intends on “removing him entirely.”

“Forbes” reports Ross’ financial disclosure forms filed after his nomination show he’s worth only 700-million dollars. “Forbes” editors wrote, “It seems clear that Ross lied to us, the latest in an apparent sequence of fibs, exaggerations, omissions, fabrications and whoppers” going back to 2004.

The secretary contends he’s created trusts for his family worth more than two-billion dollars that weren’t included in the cabinet disclosures. But “Forbes” reports that after more digging, it’s now confident “that money never existed.”

Culture Clash? Janet Jackson Splits From Qatari Husband

(SL) – Didn’t see this happening. But I will admit that it certainly looked like Damita Jo was changing her whole lifestyle to fit Wissam Al Mana’s. But isn’t that what love is all about? Compromising? Has to come from both sides though and reportedly that was the breaker for these two.

The timing is interesting however. Granted Ms. Jackson has her own coins, but reportedly she was guaranteed a payout in their prenup if the marriage lasted 5 years. The two tied the knot in 2012 and now just 3 months after giving birth to their son Eissa it appears to be a wrap.

After becoming one with the billionaire businessman, Janet was seen covered head to toe and sometimes with a head wrap and often speaking to friends and fans with the use of Muslim lingo like, “Inshallah” (God Willing) or Al Hamdu Lillah which translates as (Praise God).

While some say it wasn’t so much her husband’s religion, but his introversion — verging on being an extreme recluse — that started to drive Janet away. Having settled in London to appease him (they also have a home in Doha, Qatar, and an apartment in the Trump Tower in New York), she allegedly resented Wissam for refusing to meet her family and friends and for trying to keep her away from the public eye.

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Other sources say a clash of cultures has in fact driven Janet and Wissam apart, made worse since the birth of baby Eissa, over whose upbringing and day-to-day care they couldn’t agree on.

The Daily Mail reports, while Janet is keen to be a hands-on mother, Wissam has strict views on how his son should be brought up, and has hired round-the-clock staff to wait on his wife and child in their Belgravia home.

The baby has never been seen in public, and Janet was reportedly forbidden from leaving the house while she was nursing. Wissam, too, has disappeared from sight.

02-janet-jackson-unbreakable.w1200.h630‘Janet thought he had become too controlling during the pregnancy,’ explains one source saying, “She had already allowed him to dictate her appearance and even the way she performed at concerts. It drove her crazy, and she felt she was losing her fan base.”

The real point of contention landed last month when Janet’s 86-year-old mother was forced to return to Los Angeles after a two-month stay with the couple.

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Katherine, the long-suffering matriarch of the Jackson family, is embroiled in an unpleasant court case against her nephew-in-law and former driver, Trent, whom she claims has been bullying and spying on her with hidden cameras in her LA home.

She came to England in February to meet her new grandson, but also to seek reprieve from the campaign of abuse to which she claims to have been subjected. She only returned to LA when a judge ordered her to appear as a witness in the case.

Janet, who’s always been extremely close to her mother, was juggling the demands of a newborn with comforting Katherine, but Wissam is said to have shown a callous lack of interest in his mother-in-law’s plight.

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Cynics may look at the timing of Eissa’s arrival and the break-up of her marriage and wonder if Janet stuck it out simply so she could achieve her dream of motherhood OR cash in on a bigger payout.

It’s important to point out that neither party has yet filed for divorce, but the fact that around five years have passed makes it interesting.

Whatever the case, it’s sad to see Janet’s third marriage potentially coming to an end. She’s always felt that she was jinxed when it came to love and this latest breakup could make her 0-3 in that department. Let’s hope it’s just a rumor.