#self-made billionaires

[mymoneyepisodes]

The Truth About Billionaires' Secret Jobs

Ever wondered about the truth behind billionaires' secret jobs? In this video, we uncover the truth about billionaires' secret jobs and how these hidden roles contribute to their immense wealth. Discover the truth about billionaires' secret jobs and learn how their behind-the-scenes work influences their financial success. From surprising side hustles to strategic roles, find out the truth about billionaires' secret jobs and what we can learn from their unique approaches to wealth building. From investing in unique industries to pursuing passion projects, these billionaires are more than just wealthy individuals – they are talented professionals in their own right. Join us as we delve into the world of billionaires' hidden professions and reveal the surprising careers they have pursued outside of their main businesses. Get ready to be amazed by the diverse skill sets and interests of the world's richest individuals. Don't miss out on this exclusive insight into the lives of billionaires and the jobs they keep under wraps.

If you find these revelations about billionaires' secret jobs intriguing and informative, please like, comment, and subscribe for more insights into wealth and success. Don’t forget to hit the notification bell to stay updated with our latest content!

What you'll learn: The truth about billionaires' secret jobs and hidden roles How billionaires' secret jobs contribute to their wealth Surprising side hustles and strategic roles of the ultra-rich Lessons we can learn from billionaires' secret jobs How to apply these insights to your own wealth-building journey

0:00 Introduction 0:34 Billionaires, The Myth of Retirement 1:04 The Power of Advisory Roles: 1:58 Mentorship and Legacy Building: 2:33 Secret Investments and Strategic Alliances: 3:06 Philanthropy as a Facade: 4:05 Private Intelligence and Security: 4:40 The Art of Influence: 5:09 Angel Investors. 5:48 Summary and conclusion

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[hale-nathan]

Trump Weird News - Trump: Lucky Loser

"Lucky Loser: "How Trump Squandered His Father's Fortune and Created the Illusion of Success" Russ Buettner, Susanne Craig Random House, Sep 17, 2024 - Biography & Autobiography - 800 pages. From the Pulitzer Prize-winning reporters behind the 2018 bombshell New York Times exposé of then-President Trump's finances, "… an explosive investigation into the history of Donald Trump's wealth, revealing how one of the country's biggest business failures lied his way into the White House."

Soon after announcing his first campaign for the US presidency, Donald J. Trump told a national television audience that life "has not been easy for me. It has not been easy for me." Building on a narrative he had been telling for decades, he spun a hardscrabble fable of how he parlayed a small loan from his father into a multi-billion-dollar business and real estate empire. This feat, he argued, made him singularly qualified to lead the country. Except: None of it was true. Born to a rich father who made him the beneficiary of his own highly lucrative investments, Trump received the equivalent of more than $500 million today via means that required no business expertise whatsoever.

Drawing on over twenty years' worth of Trump's confidential tax information, including the tax returns he tried to conceal, alongside business records and interviews with Trump insiders, New York Times investigative reporters Russ Buettner and Susanne Craig track Trump's financial rise and fall, and rise and fall again. For decades, he squanders his fortunes on money losing businesses, only to be saved yet again by financial serendipity. He tacks his name above the door of every building, while taking out huge loans he'll never repay. He obsesses over appearances, while ignoring threats to the bottom line and mounting costly lawsuits against city officials. He tarnishes the value of his name by allowing anyone with a big enough check to use it, and cheats the television producer who not only rescues him from bankruptcy but casts him as a business savant - the public image that will carry him to the White House.

A masterpiece of narrative reporting, Lucky Loser is a meticulous, nearly-century spanning narrative, filled with scoops from Trump Tower, Mar-a-Lago, Atlantic City, and the set of The Apprentice. At a moment when Trump's tether to success and power is more precarious than ever, here for the first time is the definitive true accounting of Trump and his money - what he had, what he lost, and what he has left - and the final word on the myth of Trump,[as falsely] the self-made billionaire."

[lastcatghost]

[cantsayidont]

February 1961. If Lex Luthor was a teenager in Smallville when Clark Kent was Superboy, what happened to Lex's family? Jerry Siegel answered that question in a curiously roundabout way about a year later, in a story in SUPERMAN'S GIRL FRIEND LOIS LANE #23. Perry White assigns Lois to "write a story on witchcraft," and sends her to the New England town of Cardiff, where there were witch trials centuries earlier. In Cardiff, Lois visits the local library to learn more about the trials and notices that one of the alleged witches burned at the stake, Louella Thompsons, bore a striking resemblance to the town's current librarian, a young woman with the unusual name of Lena Thorul:

Learning that Lena was orphaned as a child, Lois soon works herself into a froth imagining that Lena is the reincarnation of Louella Thompsons, and that the accidents that killed her family might be the result of black magic. Lois then begins to think she's being watched, and experiences several bizarre events, including the mysterious disappearances of her camera and typewriter. She also narrowly avoids a car accident like the one Lena said killed her parents. Superman, as always in these stories skeptical of any kind of "superstitious magic," is convinced that there must be a scientific explanation — and since evil scientist Lex Luthor recently escaped from prison, Superman concludes there must be a connection. Locating Luthor's secret lab with Lois in tow, Superman finds that Luthor has been using remote "vision-screens" to monitor Cardiff and the Daily Planet offices, and used "super-science rays" to cause the mysterious disappearances of Lois's stuff. Superman even guesses the reason:

Superman then gets Luthor to explain the whole story:

In late 1962, Lena popped up again in the Supergirl strip in ACTION COMICS #295, which reveals that she moved to Midvale not long after her previous appearance. Lena befriends Supergirl in her guise as Linda Lee Danvers and applies for a job as an FBI secretary, but is rejected because, as an FBI official explains to Supergirl, "Our security check on Lena drew a complete blank! No one knows where she came from! There's no birth certificate! All we know is that she was found in the wreckage of a car after a serious accident, and once worked as a librarian in a small town! She's a complete mystery! A girl without a past!" Dismayed, Supergirl — who's unaware of Lois's earlier encounter with Lena — travels back in time and learns what Lex had previously revealed to Superman and Lois about his family.

That story reveals that while Lena's resemblance to Louella Thompsons was a coincidence, Lena does possess extrasensory perception. Learning that his sister has fallen in with a gang of thieves who want to use her psychic abilities for robbery, Luthor asks Supergirl for help:

Luckily, Lena actually uses her extrasensory powers to thwart the gang's attempted bank robbery. As she tells Supergirl:

From this point on, Lena became a semi-regular Supergirl supporting character. About two years later, in ACTION COMICS #317, she married FBI agent Jeff Colby and became Lena Thorul Colby. Supergirl kept her promise to Lex and didn't tell Lena about him, but in the Supergirl stories in THE SUPERMAN FAMILY #213–214 in 1981, Lena found out anyway, and was outraged that Supergirl had never told her the truth. Lena reconnected with Lex — whose concern about her wellbeing was completely genuine, if perhaps misplaced — and Supergirl expressed hope that Lena would eventually forgive her. However, THE SUPERMAN FAMILY #214 was Lena's last pre-Crisis appearance, so it seems they didn't reconcile before Kara's death in the Crisis in 1985.

Unlike in many modern stories, the pre-Crisis Luthors didn't appear to be particularly rich. Lex's comment in Lena's first appearance about their parents having "left everything" to her suggests that she might have inherited a little money, but given that she was working as a small town librarian and applying for secretarial jobs, she presumably wasn't independently wealthy.

In post-Crisis continuity, there was initially no indication that Lex Luthor had any siblings, but his parents were still killed in a car accident, which LEX LUTHOR: THE UNAUTHORIZED BIOGRAPHY strongly implied that Lex arranged so he could collect on their life insurance policy.

[stewykablooey]

do you think stewy is old money rich?

yes i doooooo i think stewy’s family (and im sure this is the assumption we’re supposed to make) comes from a long line of very wealthy generational wealth. still not at the level of the roys considering the roys are supposed to be one of the richest families in the world, but very wealthy. im sure they lost a chunk of it in the revolution and after they immigrated, but again, remained very wealthy. i do however think that stewy now is the richest he’s ever been

[brownsugar4hersoul]

[galerymod]

A myth (more rarely mythus, obsolete mythe, plural myths, from ancient Greek μῦθος, "sound, word, speech, tale, legendary story, tale", Latin mythus) is in its original meaning a narrative. In religious myths, the existence of humans is linked to the world of gods or spirits.

Myths claim validity for the truth they assert. This claim to truth has been criticised since the Greek Enlightenment by the pre-Socratics (e.g. Xenophanes, around 500 BC). For the Sophists, myth stands in contrast to logos, which attempts to justify the truth of its assertions through rational evidence.

In a broader sense, myth also refers to people, things or events of high symbolic significance or simply a false idea or lie*.

For example, the adjective "mythical" is often used in colloquial language as a synonym for "fabulous-vague, fabulous or legendary".

Wikipedia

How can it be that a man who describes himself in public as a successful businessman worth billions cannot pay a financial penalty and that someone wants to vouch for him?

Trump can't pay 450 million dollars

In February, former US President Trump was fined 450 million dollars in New York for fraud. Now his lawyers have announced: Trump cannot pay. According to his lawyers, former US President Donald Trump is currently unable to guarantee payment of a fine of more than 450 million dollars from a fraud trial. Despite great efforts and negotiations with around 30 companies, it has not yet been possible to obtain such a guarantee, according to a letter from his legal team to the competent court in New York. Several US media outlets unanimously quote from the letter, arguing that it would be "practically impossible" to make the payment on time.

Trump has received a refusal from 30 bail companies, according to a letter from his lawyers to an appeals court on Monday. Many would not provide collateral in excess of 100 million dollars and would not accept real estate as collateral.

Forbes magazine estimates the property entrepreneur's total assets at 2.6 billion dollars. Trump recently stated that his cash assets totalled around 400 million dollars.

"I thought he was a billionaire? Is he lying to the public or the court?" Law professor Andrew Weissmann poses the question of questions on X in relation to Donald Trump's liquidity: How much is there to the image of the self-made billionaire?

How much money does Trump himself have?

Last year, Trump testified in court that he had a cash fortune of around 400 million US dollars. The latest legal documents indicate that he does not have anywhere near that amount of money at his disposal, Professor of Business Law Will Thomas from the University of Michigan. However, he and the Trump Organisation would have significantly more assets at their disposal. His largest asset holdings are tied up in property. If Trump is unable to pay in other ways, he could be forced to sell some of his properties, according to Professor Thomas. His lawyers want to prevent this and warn that Trump would have no way of buying them back if he is successful with his appeal.

Where could the money come from?

Without liquid funds, there are two options for Trump to prevent enforcement for the time being.

Guarantees: A guarantee would probably be the only solution for him. This would allow him not to have to sell anything for the time being. At the same time, guarantors require collateral and often only accept cash or shares in return - not property. Trump also needs to find someone who is prepared to guarantee an enormous sum of over 550 million dollars.

Donations or campaign funds: He is also receiving support from private sources, but the sums are nowhere near enough. Trump supporters are collecting money for him on the internet, with over a million private donations having been collected so far.

Again and again, it is also about money from Trump's election campaign. Federal law prohibits Trump from using campaign funds for personal purposes. However, it is legally unclear to what extent campaign money from political action committees (PACs) and funds from the Republican National Committee (RNC) fall under this. But even these funds would be far from sufficient.

If he loses the aura of the successful billionaire self-made businessman, he also loses his aura of success.

mod

This kind of legal action would not only be a serious blow to Trump's finances, but also to his image, as he always praises himself as a brilliant businessman.

The biggest bankruptcies* of Donald Trump

It was always visible to everyone, but as long as you can keep generating capital, the myth can be maintained

Trump Ice

In 1995, Donald Trump founded the Trump Ice Natural Spring Water brand (Trump Ice for short) - his own brand of bottled drinking water. However, the sales figures were not particularly good. After missed payments to the producer and a lawsuit against Trump Ice in this connection, production was discontinued. Today, only bottles with collector's value are sold on eBay and the like.

Trump Steaks

Donald Trump founded his own steak company in 2007. The company was to be dedicated exclusively to selling his favourite food and running a steakhouse in Las Vegas. The prices for the steaks varied between 199 and 999 US dollars. Despite such bargain prices, the company had to close in the same year. The steakhouse was shut down after the health department found 51 health code violations.

Trump University

In 2005, Donald Trump opened "Trump University" - a distance learning university specialising in the real estate industry that was not officially recognised as a university. Enrolment cost up to 35,000 US dollars, but many of the course instructors, who were allegedly selected by Donald Trump himself, often did not have the appropriate qualifications. The school had to be closed down for good in 2011. Thousands of students filed a lawsuit against the former US president, who relented in 2017 and offered a settlement despite his supposed innocence. This was confirmed by the US Court of Appeal in 2018 and secured compensation of USD 25 million for the more than 4,000 ex-students.

New Jersey Generals

In 1984, Donald Trump bought his own football team, the New Jersey Generals. However, they did not play in the famous National Football League, the NFL, but in the smaller offshoot, the United States Football League (USFL). Just one year later, the team was bankrupt and the entire United States Football League with it. Trump had tried with all his might to bring about a merger of the UFSL with the NFL. This prevented Donald Trump from taking over a team in the NFL.

Trump Vodka

According to Donald Trump himself, he does not drink alcohol. However, this did not stop him from launching his own premium vodka on the market in 2005. However, production was discontinued in 2011.

Trump Magazine

Donald Trump made several attempts to land a hit in the luxury magazine segment. After two failed attempts, he launched the quarterly "Trump Magazine" in 2007, which covered topics such as yachts and other toys for the rich. However, the magazine was cancelled in 2009.

Gotrump

In 2006, Donald Trump ventured into a search engine for luxury travel. It included private jets, tickets for exclusive events and supposedly personal recommendations and travel tips from Donald Trump. However, it was shut down again after just one year due to poor reviews.

Trump: The Game

Trump tried twice to establish himself on the board game market with the board game "Trump: The Game", but failed twice. The game is, of course, about money. The game first came onto the market in 1989, but was discontinued shortly after its release. In 2005, he tried a new edition in collaboration with Parker Brothers, but this version also failed.

Trump Shuttle

In 1989, Trump bought his own airline, "Trump Shuttle". The airline was to fly business people back and forth between New York, Boston and Washington. The interior of the Boeing 727 was elegantly furnished with maple panelling and chrome seat belt buckles, and gold fittings were installed in the toilets. However, the luxury was too expensive for the passengers. Three years later, the over-indebted company was sold to US Airways.

Trump Entertainment Resorts

With the company "Trump Entertainment Resorts", Donald Trump operated several casinos in the gambling metropolis of Atlantic City, including: Trump Taj Mahal, Trump Plaza and Trump Marina. All were closed between 1999 and 2016, and the company filed for bankruptcy three times between 2004 and 2014. In 2014, debts are said to have totalled around 1.8 billion US dollars. Trump himself withdrew completely from the company in 2016 and sold his shares to billionaire Carl Icahn.

Trump Mortgage

In April 2006, Donald Trump announced the founding of his own mortgage bank, Trump Mortgage, at a press conference. He predicted a rosy future for his endeavour and that the bank would soon become the largest lender for home loans in the USA. However, as with "Trump Magazine", the timing was not exactly fortunate. Just one year later, the former US president's mortgage bank had to file for insolvency.

[tomorrowusa]

This POLITICO article is from 2019. But little mentioned in its content has substantively changed since then except that Trump is out of office.

There are few things less real than so called "reality shows". And Trump's Apprentice shows were even less real than most of that genre.

A lot of Trump supporters are unaware that he is a nepo baby who was known mostly as a self-promoting publicity hound who suffered a string of business failures and bankruptcies prior to making it big with the Apprentice.

Who is Donald Trump? Ask Americans and many of them will describe a self-made billionaire, a business tycoon of unfathomable success. In research recently published in Political Behavior, we found that voters are not simply uninformed about President Trump’s biographical background, but misinformed—and that misinformation has serious political consequences. Large swaths of the public believe the Trump myth. Across three surveys of eligible voters from 2016 to 2018, we found that as many as half of all Americans do not know that he was born into a very wealthy family. And while Americans are divided along party lines in their assessment of Trump’s performance as president, misperceptions regarding his financial background are found among Democrats and Republicans. The narrative of Trump as self-made is simply false. Throughout his life, the president has downplayed the role his father, real estate developer Fred Trump, played in his success, claiming it was “limited to a small loan of $1 million.” That isn’t true, of course: A comprehensive New York Times investigation last year estimated that over the course of his lifetime, the younger Trump received more than $413 million in today’s dollars from his father. While this exact figure was not known before the Times’ report, it was a matter of record that by the mid-1980s, Trump had been loaned at least $14 million by his father, was loaned at least $3.5 million more in 1990, had borrowed several more million against his inheritance in the 1990s after many of his ventures failed, and had benefited enormously from his father’s political connections and co-signing on loans early in his career as a builder.

Yep, The Donald was a rich kid who spent his dad's money rather poorly. While his father Fred was despicable in his own right, at least HE really did have a successful real estate empire.

When people do discover the true story behind Trump, attitudes about him are changed in a statistically noticeable way.

On perceptions of business acumen, which are higher across both parties, the information regarding Fred Trump’s role in his son’s business success is equally important. Democrats reduce their perceptions of Trump as a good businessman by 6 points, while Republican perceptions decline by 9 points.

And the producers of the Apprentice series had to do a lot of work just to keep up Trump's image.

Apprentice Producers Struggled to Make Trump—and His Decisions—Seem Coherent

The producers were the real (evil) geniuses of the series – not Trump.

Putting the series together was incredibly time consuming. According to journalist Patrick Radden Keefe in the MSNBC clip below, they would have to shoot 300 hours of footage for every 1 hour they actually aired. That is some serious editing for a "reality" show.

Mark Burnett was the metaphorical man behind the curtain pulling the levers of Trump's business image.

In close contests, it takes only a small percentage of votes to change an electoral outcome. The reality about Trump's business image is an additional tool we can use to gnaw away at his vote totals.

[o-kurwa]

Elon Musk's Twitter fact checks Elon Musk's tweet

[nando161mando]

Self-Made Billionaire [oc]

[rabbits-of-negative-euphoria]

Thoughts on Will Hurd as a candidate? I heard him in an interview, but I don't think he really has a chance given that he couldn't qualify for the debate.

This ask is from August of last year, but I figured I'd answer it because this is the one and only time I have encountered the name Will Hurd. I flatter myself to think that I keep further abreast of election politics than 80% of my peers, if not Americans in general, so qualifying for the debate was the least of his problems.

The tough reality of high-level political campaigns is that they need to immediately follow a proportionate public career. For example, Ron Desantis was never going to win GOP nominee, but if he hadn't run THIS year (riding the wave of his national renown during COVID), his career was going to fizzle out. Because he ran this year, he has a chance to run again next term, OR to snag a seat in Congress if he so desires when his tenure as Governor is through.

[bitterscampi]

people calling Twitter ‘X’ has the same energy as the guys who get mad if you don’t call wwe pay per views ‘PLEs’

[trendynewsnow]

The Re-Evaluation of Martha Stewart: A Documentary Review

The Re-Evaluation of Iconic Women in Pop Culture The re-examination of once-maligned celebrities — particularly women who achieved high levels of fame during the 1990s — has emerged as a captivating subgenre of pop culture. This narrative often encapsulates a broader commentary: a society intent on undermining successful women, stunning ones, or those who merely found themselves in the limelight…

[theomenmedia]

Martha Stewart Documentary To Hit Netflix On October 30!

Dive into the life of Martha Stewart like never before! "Martha" documentary hits Netflix October 30. Get ready for an exclusive journey from rags to riches, with a sprinkle of scandal.

Link to the full story: https://www.theomenmedia.com/post/martha-stewart-unveils-her-life-s-journey-in-netflix-documentary-premiering-october-30th

[kohakuhibiki]

Ok but why do people think they can talk to me in an aggressive tone, but if I return the same energy then it's big no no.