In a move that would seem unthinkable in the 1990s, billionaire Mark Cuban purchased a Gulfstream G5 jet worth $40 million entirely online. Fresh off the sale of his pioneering streaming company, Broadcast.com, to Yahoo! for $5.7 billion in stock, Cuban cemented his place in e-commerce history. He made what is considered the “largest single … Read more
Brian Altomare, founder of LugLess, entered the airline baggage services industry after his business pitch was rejected by Shark Tank in 2013. LugLess offers a service that enables travellers to ship their luggage in advance at competitive prices, positioning itself as a cost-effective alternative to expensive airline baggage fees. The business saw a quick rise, … Read more
Almost 20% of American households generate passive income from interests, dividends, or rents, with median earnings at $4,200 annually. Building passive income streams is an emerging trend as more people increasingly gain access to investment instruments that have long been limited to the wealthy. Rich Dad Poor Dad author Robert Kiyosaki believes everyone should focus … Read more
Shark Tank star and multi-billionaire entrepreneur Mark Cuban understands that not everyone can invest millions in businesses or start their own companies successfully. However, the Dallas Mavericks co-owner believes there are many ways to secure extra money via passive income streams without burning a hole in your pocket. 1. Invest in Stocks That Are Dividend … Read more
Billionaire investors and renowned hedge fund managers, such as Pershing Square Capital Management’s Bill Ackman, Citadel’s Ken Griffin, and Susquehanna International Group co-founder Jeff Yass, bought millions of Nike shares in Q2 despite the company struggling to retain the top market spot due to headwinds on multiple fronts. Shares are down over 20% year-to-date and … Read more
The made-for-Instagram descent into Takamatsu Airport follows the coast of Japan’s Shikoku island for several minutes before dipping down onto the runway and terminal where there is likely to be only a single other aircraft. Immigration is almost spookily free of other passengers, while the drugs detector dog gambolling about baggage reclaim looks as if … Read more
Bollywood superstar Salman Khan got his taste of luxury when he tried on a watch costing millions. A video going viral online sees the actor trying on a diamond-studded watch reportedly worth a jaw-dropping $20 million, which roughly amounts to Rs 167 crore. The clip was posted online by renowned jeweller Jacob Arabo, who expressed … Read more
Elon Musk publicly challenged his fellow tech centibillionaire Mark Zuckerberg to a cage match last year Twitter / DogeDesigner @cb_doge KEY POINTS It is believed that only 15 centibillionaries are currently alive, although that number is expected to grow significantly over the next decade. Three members of the Walton family command net worths between $94 … Read more
Frédéric Arnault, the CEO of TAG Heuer and a prominent member of the world’s second wealthiest family, has garnered attention not only for his business acumen but also for his high-profile relationship with Blackpink’s Lisa. As the head of one of the premier brands within the LVMH empire, Arnault’s influence in the luxury watch industry … Read more
Billionaire investor and chair of Berkshire Hathaway Warren Buffett is known for investing in companies with intrinsic worth but undervalued by the market. He is seldom concerned with the stock market movements or the supply/demand factors and seeks ownership in quality businesses with the potential to generate revenue consistently. How does Buffett determine the intrinsic … Read more
