All posts tagged: billionaire

The Devil Wears Prada 2 ‘roasts’ Jeff Bezos and Lauren Sanchez after billionaire couple funded Met Gala — but Emily Blunt denies it

The Devil Wears Prada 2 ‘roasts’ Jeff Bezos and Lauren Sanchez after billionaire couple funded Met Gala — but Emily Blunt denies it

Published by Daniella Wilson

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more The Devil Wears Prada 2 appears to have based a subplot on Amazon mogul Jeff Bezos and his wife, Lauren Sánchez Bezos — in a not-so-subtle nod to the financial power that the billionaire couple has started to wield in the fashion industry. Although reviews are embargoed until next week, early viewers of the film have spotted a similarity between the evolution of Emily Blunt’s character, the malcontent assistant of the first film, and Sánchez Bezos. *Spoiler warning: Plot details for the upcoming Devil Wears Prada movie are below* Blunt’s character, Emily Charlton, arrives in the sequel as a high-flying journalist and the fiancée of a billionaire tech mogul, played by Justin Theroux. Variety reports that Theroux’s character is a combination of Jeff Bezos …

Billionaire entrepreneur Emma Grede on her ‘incredible’ relationship with the Kardashians – exclusive

Billionaire entrepreneur Emma Grede on her ‘incredible’ relationship with the Kardashians – exclusive

Published by Daniella Wilson

Emma Grede is a powerhouse. The serial entrepreneur, who traded east London for Los Angeles and became one of America’s richest self-made women, now counts the Kardashian-Jenner family as her business partners, has joined forces with the Obamas on their philanthropic endeavours and has quizzed the likes of the Duchess of Sussex on her podcast, Aspire with Emma Grede. When she speaks to HELLO!, it’s in the wake of the “most poorly planned four days”, spanning San Francisco, Dublin, New York and Maui. “I think we only had two nights that weren’t on a plane,” she laughs. © Jamie GirdlerBritish entrepreneur Emma Grede is one of America’s richest self-made women But it’s typical of Emma’s voracious appetite for life (she gets up at 5am every day), showing how she has achieved such an incredible amount. In 2016, Good American – the denim brand that she co-founded with Khloé Kardashian; Emma serves as chief executive officer – made $1m on its first day of sales. Skims, the shapewear brand she launched with her husband, Jens Grede, and …

Billionaire Ken Griffin Warns of Recession if Strait of Hormuz Is Closed

Billionaire Ken Griffin Warns of Recession if Strait of Hormuz Is Closed

Published by Jenni Sidey

Kenneth C. Griffin, the billionaire hedge fund founder and one of the world’s most prominent art collectors, warned Tuesday that the global economy faces a recession if the Strait of Hormuz remains closed through the end of this year. “Let’s assume it’s shut down for the next six to 12 months,” Griffin said at the Semafor World Economy summit in Washington, D.C. “The world’s going to end up in a recession. There’s no way to avoid that.” Griffin, the CEO of Citadel, said that closure of the Strait, a daily passageway for roughly 20 percent of global oil consumption, has created energy shocks that have already raised the risk of a downturn. He added that a prolonged closure would force central bankers into difficult decisions over whether to treat inflationary spikes as transitory or to raise rates in order to combat inflation. He called the current moment “very, very treacherous” for the global economy. Related Articles The remarks carry particular weight in the art world, where Griffin is among the most active and deep-pocketed buyers …

Eric Swalwell’s Beverly Hills Benefactor Wonders If He Missed “a Big Known Secret in DC”

Eric Swalwell’s Beverly Hills Benefactor Wonders If He Missed “a Big Known Secret in DC”

Published by Sam Flores

Two days before Eric Swalwell ended his campaign for California governor amid a string of sexual assault and misconduct allegations, the now former congressman recorded a video at Stephen Cloobeck’s Beverly Hills mansion—reportedly worth $26 million—where he had stayed numerous times during the race. “A lot has been said about me today through anonymous allegations, and I thought it was important that you see and hear from me directly,” Swalwell said, staring into the camera. “These allegations of sexual assault are flat false. They’re absolutely false.” On Tuesday, he resigned from Congress. Cloobeck is an offbeat, self-described billionaire who made his fortune in timeshare real estate—though some estimates place his net worth in the mere many millions. He had been making his own bid for governor before dropping out in November and throwing $1 million behind Swalwell. In an interview with Vanity Fair on Monday, he insisted that the allegations that ended Swalwell’s campaign came as a surprise. “If this was such a big known secret in DC,” Cloobeck tells me, referring to a consensus …

Billionaire Says Insider Trading Should Be Fully Legalized

Billionaire Says Insider Trading Should Be Fully Legalized

Published by José Betancourt

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech You know how you curb illegal insider trading? Well, according to this one mega-rich billionaire: legal insider trading. In an interview on Bloomberg’s Odd Lots podcast, Thomas Peterffy, the founder and chairman of Interactive Brokers Group, argued that trying to stop the practice is futile, so you should let everyone do it and allow asset prices to correct themselves over time instead. He didn’t frame it as a naked ploy to allow kleptocrats to further enrich themselves, but as a legitimate boon to larger society. “I’m in favor of not having any rules against insider trading. I would like all the information out there as soon as it’s available,” Peterffy said on the podcast. “Because look, as a society, we are better off knowing as soon as possible anything that is knowable.” The effrontery of Peterffy’s remarks can’t be overstated. His company owns and runs ForecastEx, a prediction market that lets you place bets on the outcomes of …

Billionaire investor launches -billion Universal Music takeover bid

Billionaire investor launches $65-billion Universal Music takeover bid

Published by Sam Flores

Billionaire investor Bill Ackman has launched a $65-billion bid to purchase Universal Music, or UMG, the label representing some of music’s biggest names including Taylor Swift, Kendrick Lamar and Bad Bunny. As part of the proposed deal, UMG would merge with Ackman’s investment firm, Pershing Square Capital Management, and the company’s stock listing would be relocated from Amsterdam to the New York Stock Exchange. Pershing Square already holds more than 4.5% of the music giant’s shares. Ackman said the move to a U.S.-based stock exchange would increase the value of UMG. “UMG’s stock price has languished due to a combination of issues that are unrelated to the performance of its music business and importantly, all of them can be addressed with this transaction,” said Ackman in a statement. The proposed deal includes Universal Music merging with Pershing Square SPARC Holdings, an acquisition company approved by the U.S. Securities and Exchange Commission in 2023. If approved by investors, the transaction could close at the end of the year, according to the company. Pershing is also calling …

Reasonable Doubt at 30: Revisiting Jay-Z’s Hustler Masterpiece in His Billionaire Era

Reasonable Doubt at 30: Revisiting Jay-Z’s Hustler Masterpiece in His Billionaire Era

Published by Jenni Sidey

For the two decades following Reasonable Doubt, Jay-Z dominated music and culture. During one eight-year period within that stretch, he released eight albums, six of which went to number one. His hit songs and collaborations were omnipresent: “Big Pimpin’,” “99 Problems,” “Crazy in Love,” “Umbrella,” “Empire State of Mind,” “N-ggas in Paris.” With cofounders Dash and Burke, he sold half of Roc-A-Fella Records for a large sum to Def Jam Recordings in 1997, and the other half for a much larger sum seven years later. From January 2005 to December 2007, he was the president and CEO of Def Jam Recordings, a tenure that was not without some complications, but also not without some notable successes (for example, kick-starting the careers of Rihanna and Ne-Yo). He became the face of the Brooklyn Nets, a publicly redeemed family man, the owner of the streaming platform Tidal, and a cognac and Champagne mogul. As an example of his cultural influence, in the fall of 2003, he released “Change Clothes,” the first single from The Black Album, at …

The Emirati billionaire who posted a takedown of Trump over the Iran war

The Emirati billionaire who posted a takedown of Trump over the Iran war

Published by Sam Flores

DUBAI — Khalaf Ahmad Al Habtoor, a 77-year-old billionaire, says his staff think he talks too much. Sitting outside a cafe in Al Habtoor City, the luxury waterfront complex in Dubai that is home to three of his five-star hotels, he laughed a little and looked at his personal assistant sitting next to him. She nodded, offering something between a smile and a grimace. Source link

Another billionaire confirms California exit: Uber co-founder Kalanick

Another billionaire confirms California exit: Uber co-founder Kalanick

Published by Sam Flores

Uber co-founder Travis Kalanick said he moved to Texas in December, adding to the list of billionaires who have left California ahead of a proposed wealth tax. In an interview on tech talk show TBPN, Kalanick said he moved to Texas on Dec. 18. He didn’t explain the reasoning behind the move but suggested he was motivated to do it before this year started. “I don’t know what’s so specific about Dec. 18, but let’s just say it’s prior to January,” he said in the interview Friday. “So I’m a primary resident of Texas.” He also outlined plans to rename City Storage Systems — the parent company of a Los Angeles-based ghost-kitchen operator — to Atoms, which focuses on robots. Kalanick is among the billionaires who have been cutting back their ties to California as a debate about a proposed wealth tax heats up. Late last year, some of California’s mega-rich have opened new offices and purchased more real estate in other states, and said they are thinking about moving. The California billionaire tax would …