businessinsider.com
As the old saying goes, nothing can be said to be certain except death and taxes. And even though the very wealthy have been criticized for not paying their fair share, there’s one area where it’s pretty hard to avoid the taxman: property.Every year, billionaires must take out their checkbooks and send off thousands to their local governments. While the amount they pay is typically pennies compared to their overall net worth, some billionaires who have amassed large real estate portfolios pay ta…
6 days ago
businessinsider.com
Ten years ago, in an interview with The Telegraph, Bill Gates discussed his goal of giving away his fortune — which was worth $65 billion then and sits at $129 billion today.“I’m certainly well taken care of in terms of food and clothes,” he said. “Money has no utility to me beyond a certain point.“He didn’t mention, though, the proverbial roof over his head. Or, in Gates’ case, roofs.As one of the richest people in the world for decades, the Microsoft cofounder has built up an impressive real e…
8 days ago
businessinsider.com
Taylor Swift released her new album, “The Tortured Poets Department,” at midnight, and, in what should be no surprise to anyone on this planet in the year 2024, it caused a scene.Her album garnered millions of streams within hours. There’s almost no doubt it’ll top the Billboard chart like the 13 Swift albums before it.But no matter how many platinum certifications it collects or streams it racks up on Spotify, “The Tortured Poets Department” won’t be Swift’s biggest money-maker this year.The re…
9 days ago
businessinsider.com
There are still few details known about why federal officials raided the Los Angeles and Miami homes of musician Sean Combs in March.The Associated Press and Los Angeles Times reported that the move is part of an ongoing sex trafficking investigation by Homeland Security. The department has not confirmed the target of the investigation nor the crimes it is investigating.The raids come after Combs, more commonly known as Diddy, has been hit by a series of lawsuits alleging sexual assault, sexual…
20 days ago
businessinsider.com
For the owners of superyachts, privacy is often the most valuable thing money can buy. It’s one reason centimillionaires and billionaires pay eight or nine figures for a palace at sea, far from the prying eyes of land-dwellers.Even the most gossipy crewmembers should stay tightlipped about the name of a former owner or charter guest, and many brokers shy away from answering benign questions.That means that, aside from basic safety guidelines, most of the rules of superyachting are unwritten. The…
26 days ago
businessinsider.com
The price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. It’s leaving many wondering if it’s a good investment.Schools like New York University, Tufts, the University of Pennsylvania, and Yale are pegging the total cost of university attendance — which covers tuition, housing, food, supplies, books, and more — for the 2024-2025 school year at over $90,000, according to their websites.NYU, already known for its high fee…
29 days ago
businessinsider.com
Federal officials raided the Los Angeles and Miami homes of Sean Combs on Monday. The action by Federal Homeland Security Investigations is part of an ongoing sex trafficking investigation, the AP reported.While the target of the raid has not yet been identified and Combs has not been arrested as of Tuesday, it was the latest and most serious event in ongoing legal troubles facing the music mogul, who is best known as Diddy. Over the past five months, sexual assault and misconduct allegations ha…
about 1 month ago
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There are currently at least 40 celebrity beauty brands on the market — all experiencing varying degrees of success.Some, like Hailey Beiber’s Rhode, have gained a following among devoted fans; others, like Addison Rae’s Item Beauty, have quietly fizzled out, and still more, like Brad Pitt’s Le Domaine, have barely made a splash in the first place.Very few have become significant players, and even fewer have reached valuations high enough to catapult themselves to the top of the industry and the…
about 1 month ago
businessinsider.com
In the world of superyachts, privacy is the most valuable asset. It can be next to impossible to discern the details of a superyacht transaction — and that’s particularly true if the vessel in question is worth nine figures.Yet some in the boat blogging world are speculating that Meta CEO Mark Zuckerberg is the new owner of Launchpad, a megayacht currently moored in Fort Lauderdale, Florida after she made her maiden voyage from Gibraltar to St Maarten last week. Launchpad clocks in at 118 meters…
about 1 month ago
businessinsider.com
Reddit, which is set to go public later this month, announced its target share pricing on Monday — and Sam Altman stands to reap a sizable windfall.While his personal shares aren’t worth the nearly half a billion dollars that has been reported, they do amount to a fortune.Business Insider estimates that the OpenAI CEO owns a maximum of just about 1.66 million shares of Reddit. With the company’s estimated price per share at $31 to $34, Altman’s stake in Reddit could be worth between $51.4 millio…
about 2 months ago
businessinsider.com
Rihanna — the global music superstar turned billionaire beauty mogul — took to the stage this past weekend, performing her first full concert in eight years for the likes of Bill Gates, Mark Zuckerberg, and Ivanka Trump. The reason: To celebrate the upcoming nuptials of Anant Ambani, the son of India’s richest person, Mukesh Ambani, and his fiancée, Radhika Merchant.The performance, on night one of a three-day affair in Gujarat, India, did not come cheap. It’s speculated she got paid between $5…
about 2 months ago
