#top 10 richest man in the world 2022 | Explore Tumblr posts and blogs

purple-beans · 2 years ago

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I posted 19,866 times in 2022

15 posts created (0%)

19,851 posts reblogged (100%)

Blogs I reblogged the most:

@there-is-pie-in-the-fridge

@elesh-nussy

@agentduckorico

@nonbinary-bosmer

@loth-catgirl

I tagged 278 of my posts in 2022

#okay but - 5 posts

#also - 5 posts

#prev tags - 4 posts

#eat the rich - 3 posts

#i mean - 3 posts

#superyacht - 2 posts

#the netherlands - 2 posts

#okay but like - 2 posts

#but like - 2 posts

#that's it - 2 posts

Longest Tag: 138 characters

#now i dont know if this is gonna be translations but honestly even if im getting a bunch of emails in fucking latin ill be happy as can be

My Top Posts in 2022:

I just finished Gideon the Ninth and well, she's just gone then? Dead and scooped up into Harrow as an infinite death-juice battery?

9 notes - Posted November 8, 2022

Hey Outer Wilds Tumblr. I need some help.

I've had EotE since the moment it came out. But I just can't, for the life of me, get through those sections. You know the ones. As soon as I get to them, my anxiety just goes. Through the roof. And I just, really want to do this. I wanna experience it, for myself. But I don't know how..

30 notes - Posted March 22, 2022

Waterparks still makes good music you guys are just mean

49 notes - Posted July 10, 2022

Well I just finished reading Iron Widow and I would like to recap my thoughts as uhhh,

Holy Shit

64 notes - Posted July 17, 2022

My #1 post of 2022

So here's a fun fact. Jeff Bezos is having a new superyacht built by the Dutch yacht builder Oceanco. Just behind Rotterdam. This yacht is a massive, 400-something feet sailing monstrosity. Three massive masts. And now Oceanco has been located in that same spot for years right. They know exactly what the restrictions are, how high all the bridges between them and the North Sea are.

One of these bridges is the Koningshavenbrug, colloquially known as "De Hef" (the Lift). De Hef is a former railway bridge over the Port of Rotterdam, which today is out of use but stands there as a "Rijksmonument", a state monument. This means that this bridge can't just be demolished or altered, because it's well, a monument for a part of Rotterdam's past.

De Hef is also, too low for Jeff Bezos' new toy. So, going against what the city of Rotterdam said in the past, namely that the bridge would never again be dismantled, they're going to dismantle the bridge. Just temporarily mind you, under the guise of "maintenance". Because they can't alter the bridge. Because it's a monument.

But hey if you're the richest man in the world, I guess you can just buy your way to having a monument dismantled in order to have your boat pass by.

TL;DR: Jeff Bezos ordered a boat a company who knows the height of these bridges. This company designed a boat that's bigger than the bridges. They're now tearing a bridge down just for Bezos' boat.

Source: English. Dutch.

412 notes - Posted February 2, 2022

Get your Tumblr 2022 Year in Review →

#tumblr2022 #year in review #my 2022 tumblr year in review #your tumblr year in review

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ariadneslament · 3 days ago

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My Emma Woodhouse moment with the US politics

Emma Woodhouse (Gwyneth Paltrow) and Harriet Smith (Toni Collette) in Emma (1996).

As I’ve mentioned many times before, I generally keep my distance from U.S. politics for the sake of my mental well-being, given how divisive the discourse often is. In fact, I avoid engaging too deeply with the politics of any country—including my own—for similar reasons. The only exception has been the UK, and well, you know why :)

However, the recent U.S. presidential election has been an unusual break from this habit. Until recently, I had little interest in it, as I find it hard to align myself with either of the major parties. I grew up in a prosperous, stable, small "c" conservative household that was often the envy of others. By these traits alone, one might assume I would feel at home with the Republican Party. Yet, given the troubling paths they’ve taken over the past several years, I’ve felt compelled to steer clear.

Two things, though, have recently changed my perspective: First, the GOP's push for a nationwide abortion ban, regardless of circumstances, which I find deeply dumb, distasteful, and counterproductively dangerous. Second, I'm now in a long-distance relationship with an American man I've grown very fond of. This relationship has prompted me to take a closer interest in American affairs.

For those who've followed my account for at least a year, you’ll know that I usually engage with British politics—both the Conservative Party and its past three Prime Ministers, and more recently, the Labour Party. Some might be surprised by my flexibility, but the truth is I’m a deeply pragmatic person. I'm happy as long as I can support those in No. 10 (and No. 11 to some extent) by seeing my ideas implemented, all without any compensation. By “ideas,” I mean not only abstract concepts but also some rigorous mathematical modeling. Fortunately, of all the models and proposals I’ve shared that have been adopted by the British government, more than 95% have been successful or deemed well-done. I haven’t had this same rate of success with other countries, and I sometimes wonder if my fate and karma are uniquely tied to the British government, regardless of which party is in power. (Perhaps I was an Englishwoman with some influence in a past life 😊)

The recent U.S. election did compel me too to stress test one of my models for political prediction which stand apart from the financial ones—funnily they are all actually British tailored—to see how it might perform in an American context. Turned out this is how I've got my "Badly done, Emma!" moment with my one of my models as the promoted Harriet Smith; my prediction that it would be a close race with the outcome leaning slightly towards Harris proved incorrect. I’ve since noticed some disappointed Democratic voters or supporters on my Twitter feed trying to explain the disappointing result. Some explanations are contradictory, like “she wasn’t conservative enough on the border” vs. “she was too conservative on the border,” while others seem disconnected from reality, such as claims that “voters found Harris too progressive on abortion” despite the fact that abortion was a winning issue in 2022, and seven out of ten ballot initiatives won by pro-choice advocates. Or, another criticism was that she made a mistake by abandoning an “anti-big business” stance and allowing wealthy liberals like Mark Cuban to join her cause. Yet on the other side, Trump’s supporters included none other than the world’s richest man, along with several “anti-woke” billionaires and millionaire venture capitalists whose primary goal is to push for tax cuts benefiting the wealthy.

Then there are ambivalent complaints, like “prices were still too high and she didn’t strangely address it,” even though her team sent canvassers to emphasize their economic messaging. If inflation had truly been a top issue, she would surely have proposed something specific. And yet, those voters likely chose a candidate with no particular proposal whatsoever, other than wanting to impose tariffs that would likely drive prices higher. So, America, what exactly do you want?

However, if you break down the demographics of voters and examine how they’ve shifted, Harris' performance was not catastrophic among the white demographic, who are often the butt of jokes by Anglo ultra-progressives. She even gained more white votes! This suggests that her loss may have come from decreased support among minority groups that traditionally make up the Democratic base. This theory proved accurate after analyzing the voter breakdown by sex and race/ethnicity:

So, the widely circulated notion that Democrats supposedly sought to increase immigration from the South, assuming these voters would support them, has proven ironically true—but in favor of Trump, not Harris. It’s an amusing twist, especially considering that a vocal faction of Trump supporters has promoted the idea of “White Replacement.” In reality, their own political base is being gutted-replaced from within, even as they’ve chanted “Demographics are destiny” for years—a phrase that now seems quite accurate.

This outcome exposed a blind spot in my methodology, as I underestimated the Latino vote’s alignment. My error came from drawing comparisons to groups like Pakistani and Bangladeshi minorities in the UK or North African, Middle Eastern, and Turkish communities across Europe. In Europe, there’s almost no chance that Muslim-background communities with strong family ties would vote for populist parties like Reform UK, UKIP, Le Pen’s National Rally, AfD, or FPÖ, as these parties often thrive by antagonizing minorities, particularly those associated with higher crime rates.

Yet these communities also have an ambivalent relationship with progressive and left-leaning parties, which tend to accommodate them. Despite some resistance to mainstream European values, these Muslim communities often vote leftward for both economic and existential reasons, aligning with parties that promote social welfare and protect minority rights—even if they don’t fully subscribe to the liberal universalism that those parties advocate.

Can you blame me for assuming the same would apply to Latino voters, given their history as predominantly Catholic and their past alignment with American progressives, specifically the Democratic Party? I thought that if Biden could still win them over, why wouldn’t Harris? It’s true that the Democrats have lost some Muslim and Arab American voters due to their failure to condemn Israel over the humanitarian crisis in Gaza. But, when you compare the weaknesses of both the Democratic and Republican parties, they seem fairly balanced, which is why it made sense for good pollsters, like Lakshya Jain (@lxeagle17) and his team at @SplitTicket_, to have shown a close race between Harris and Trump. Even from a more sophisticated perspective like a financial market, could go in both ways. Bond yields were going up everywhere around the world before the election that the chances of Trump winning had increased quite significantly. Yet, at the same, as I said before on Twitter, the markets have been pretty "comfortable" with Yellen's decisions regarding the issuance.

The voter charts, like those from NBC and others, also disprove the old narrative à la pre-2020 that voters, especially the lower class and dissatisfied young (white) males abandoned the Democrats en masse in favor of populism. There is no uniform shift from the Democrats to the GOP across demographics—except with Latinos, who flocked to Trump in significant numbers. In past elections, inflation and economic struggles have historically driven broader demographic shifts, impacting a variety of groups with different economic vulnerabilities. However, if only one group showed a significant trend this time, then economic issues might not have been the primary influence on the overall outcome.

Other factors—perhaps related to identity, social issues, or specific cultural or regional concerns—could have been more influential for Latino voters specifically or might have played out differently across other demographics. But the idea she was seen as too "politically correct" would only satisfy those who get their fame and bread and butter business from the culture war media industry. Unlike Clinton, her campaign was not woke and this was even reflected in her first campaign rally.

So, what explains this surge of support for Trump among Latino voters? A quick Google search this morning served up a wealth of recently written articles on the topic—some of them are even thankful for the Hispanic communities' unmatched, self-denying, Samaritan-like contribution to Trump's victory—and I’d recommend one from the Miami Herald by Andres Oppenheimer that offers an insightful yet pretty damning analysis and another, an interview with Paola Ramos the author of Defectors: The Rise of the Latino Far Right and What It Means for America.

(1) https://www.miamiherald.com/news/local/news-columns-blogs/andres-oppenheimer/article295136769.html

(2)

The phrase "demographics are destiny" reflects a concern that not only will the white majority in the U.S. be gradually replaced by non-European immigrants, but that traditional American culture may also have to adapt to new cultural norms. One example cited is political correctness, which can lead to perceptions of "reverse injustice." Ironically, however, this shift is now playing out within the American right, where traditional values are being reshaped to appeal to new supporters—some of whom have backgrounds in countries where a “strongman” rule is common and who may find that model reassuring in the U.S.

How long do you think the classic, cherished Republican principles of fiscal prudence and a capitalism-driven economy—rooted in the Protestant work ethic, which itself is a material expression of Northwestern European culture (sorry Weber, but it’s the other way around; biology shapes culture)—will endure when traded for votes from people who come from impoverished societies with corrupt, poorly-run institutions (a subtle nod to Acemoglu)? There will be no libertarian utopia where everything is privatised and everyone is content. Instead, these new voters will likely be more state-reliant. If Trump’s billionaire donors finally get their wish for tax cuts for the wealthy, the fiscal burden will be shifted to the middle and lower classes to fund public services.

I don’t want to fantasise it further. Mr. President will soon have a South African genius beside him who will sort shit out for him 😊 Whatever happens next, don’t worry no saw this coming, not even me whose methodology only saw things from mostly numerical, statistical point of views, or those cool pollsters with almost missed targets too, not even people like Richard Spencer or Steve Sailer who are both respected figures in the quirky section of American right—despite their divergence—have analysed the politics through the lens of culture too and other non-quantitative parts.

Nonetheless, in reflecting on the “Latino factor,” which I see as a major reason one of my models stumbled this cycle, I also noticed another factor recently discussed on social media: a portion of Democratic voters in safe blue cities intended to support Harris but somehow didn’t turn out on election day, contributing to the over 10 million missing Dem votes, despite record turnout. A New York example: (source: https://x.com/umichvoter/status/1854697668481569182)

Finally, the last but the least, the moron factor, which is both disheartening and, sadly, unsurprising. A considerable portion of Trump supporters readily believe misinformation spread in the media without any effort to verify it, including absurd claims like Harris being a communist, or there are mandatory gender reassignments at schools which anyone with 3-digit IQ can simply roll their eyes at regardless of their view of the Dems. The Democrats are now essentially attempting to win over a group of people who not only love being insulted and humiliated publicly but also have a deeply ingrained belief that Democrats are inherently "evil" or "bad," no matter what actually happens. (source: https://x.com/elsecaller_/status/1854236724966416703)

All of this makes me wonder if America has reached a point of no return. Perhaps the esteemed Anglo-Irish historian and political scientist Benedict Anderson was right: a nation is ultimately an imagined political community, bound by shared beliefs, language, history, and geography. According to Anderson, the concept of a nation exists first in the collective imagination before it becomes a physical reality, meaning its lines and boundaries can be redrawn whenever necessary. Could it be, then, that even the United States, as a national idea, might not be immune to this possibility? As a non-American, I feel inclined to step back from answering this question myself, yet sooner or later, it’s a question that will have to be confronted.

#oh #a reminder to me that i should not call those people white trash #but just trash next time #:)#misc #us election #us election 2024

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sageglobalresponse · 21 days ago

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Top 10 richest black people in the world

In a world where success is often measured by wealth, the richest Black people stand out as remarkable figures.

These individuals are pioneers in diverse fields, from business to entertainment, and their achievements not only shatter barriers but also pave the way for others to follow.

Take a look at the top 10 richest Black people in the world:

David Steward $11.4 billion USA

David Lloyd Steward, born in 1951, is an American billionaire entrepreneur. He is the founder and chairman of World Wide Technology (WWT), which is among the largest African-American-owned companies in the United States. In 2024, Steward was ranked 344th on Forbes’ list of billionaires globally, with an estimated net worth of $11.4 billion.

Aliko Dangote ($11.3 billion)

Aliko Dangote, born on April 10, 1957, is one of the richest Black people in the world. A prominent Nigerian businessman and industrialist, he is notably the first person to build a private oil refinery in Nigeria. As of October 2024, Forbes ranks him as the 211th richest person in the world, with an estimated net worth of $11.2 billion. According to the Bloomberg Billionaires Index, his wealth is estimated at $27.7 billion.

Robert F. Smith ($10.8 billion)

Robert Frederick Smith, born on December 1, 1962, is an American billionaire businessman and philanthropist. He is the founder, chairman, and CEO of Vista Equity Partners, a private equity firm. Smith earned a chemical engineering degree from Cornell University and later an MBA from Columbia Business School. Before founding his company, he worked as an investment banker at Goldman Sachs. In 2019, during a commencement speech at Morehouse College, Smith made headlines when he pledged to cover the entire $34 million in student loan debt for the graduating class of 2019.

Mike Adenuga ($6.6 billion)

Mike Adenuga, Nigeria’s second wealthiest person, amassed his fortune through telecommunications and oil ventures. His mobile network company, Globacom, is the second-largest in Nigeria, boasting over 60 million subscribers. In addition to telecommunications, Adenuga’s oil company, Conoil Producing, operates six oil blocks in the Niger Delta.

Globacom also established Glo-1, a 6,100-mile submarine internet cable linking the U.K. with Ghana and Portugal. Adenuga holds a 74% stake in publicly traded Conoil and owns just under 6% of Nigerian bank Sterling Financial Holding.

Abdulsamad Rabiu ($ 4.7 billion)

One of the richest Black people in the world, Abdul Samad Isyaku Rabiu is a prominent Nigerian businessman and philanthropist. As of 2024, he ranks as Nigeria’s third richest man. His father, Khalifah Isyaku Rabiu, was one of Nigeria’s leading industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate focused on manufacturing, infrastructure, and agriculture, generating over $2.5 billion in revenue. He also serves as the chairman of Nigeria’s Bank of Industry (BOI).

In July 2020, Forbes valued his net worth at $3.2 billion, placing him 716th among the world’s billionaires. By January 2022, he was recognised as Nigeria’s second richest person. In April 2022, he ranked as the fifth-richest person in Africa with a fortune of $6.7 billion, and by January 2023, he climbed to fourth on the continent’s wealthiest list.

Michael Jordan ($3.5 billion)

Widely considered the greatest basketball player of all time, Michael Jordan won six championships with the Chicago Bulls. Throughout his career, his total salary amounted to $90 million, but his earnings from partnerships with brands like Nike, Hanes, and Gatorade have reached an astounding $2.4 billion (before taxes). In 2020, Jordan became a special advisor and investor for the sports-betting company DraftKings and also co-owned a NASCAR team. In 2023, he sold his majority stake in the Charlotte Hornets in a deal that valued the NBA team at $3 billion.

Oprah Winfrey ($3 billion)

Oprah Winfrey turned her 25-year-long talk show into a powerful media and business empire. The profits from her show, combined with earnings from films like ‘The Color Purple’, ‘Beloved’, and ‘Selma’—which were co-produced by her company, Harpo Productions—have brought her wealth to an estimated $2.5 billion.

In 2011, she launched the OWN cable channel and later sold most of her shares in it to Warner Bros. Discovery in 2020, receiving company stock in return.

In 2015, Winfrey purchased a 10% stake in WeightWatchers, and in 2024, she generously donated her shares to the Smithsonian’s National Museum of African American History and Culture.

Winfrey also owns an extensive real estate portfolio, including homes in California and more than a dozen properties, along with 2,100 acres of land in Hawaii.

Patrice Motsepe ($3 billion)

Patrice Motsepe, founder and chairman of African Rainbow Minerals, became a billionaire in 2008, making history as the first Black African to appear on the Forbes billionaire list. In 2016, he established African Rainbow Capital, a private equity firm focused on investments across Africa. Motsepe also holds a stake in Sanlam, a publicly traded financial services company, and is the owner and president of the Mamelodi Sundowns Football Club.

In March 2021, he was elected president of the Confederation of African Football (CAF), the governing body for soccer on the continent. His business journey began in 1994 when he became the first Black partner at Johannesburg law firm Bowman Gilfillan, later launching a mining services company. In 1997, Motsepe acquired underperforming gold mine shafts, which he successfully turned around

Jay-Z ($2.5 billion)

Since becoming hip-hop’s first billionaire in 2019, Jay-Z has significantly increased his wealth, largely due to his successful liquor ventures. In 2021, luxury conglomerate LVMH acquired a 50% stake in his champagne brand, Armand de Brignac, also known as Ace of Spades. In February 2023, he sold a majority of his ownership in his cognac brand, D’Usse, to Bacardi.

Beyond liquor, Jay-Z’s wealth includes assets like an art collection featuring works by Jean-Michel Basquiat, his extensive music catalog, and stakes in companies such as Block and Uber. In 2021, he was inducted into the Rock & Roll Hall of Fame, and in 2022, he won an Emmy for producing the Super Bowl Halftime Show.

Strive Masiyiwa ($1.8 billion)

Strive Masiyiwa faced huge government resistance when he launched the mobile phone network Econet Wireless Zimbabwe in his home country in 1998. He holds a 38% stake in the publicly traded Econet Wireless Zimbabwe, which is part of his larger Econet Group, as well as about 33% of EcoCash, a mobile money transfer company.

Masiyiwa also has an investment in Liquid Intelligent Technologies, a private firm that offers fiber optic and cloud services to telecom companies throughout Africa. His portfolio includes investments in fintech and power distribution companies across the continent, along with stock options in Netflix, where he has been a board member since December 2020. He and his wife, Tsitsi, founded the Higherlife Foundation, which assists orphaned and underprivileged children in Zimbabwe, South Africa, Burundi, and Lesotho.

#forbes #world’s richest man #sage response #likesforlike #dangote

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kspp · 7 months ago

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Rich nations and poor governments

Waking up to a headline that read that India is currently one of the most unequal countries in the world, along with Russia and China, didn’t come as a shock. It has become a routine phenomenon to come across articles telling stories of mass poverty engulfing the country, especially post the COVID health emergency which significantly depleted household wealth and savings of people.

The ‘World Inequality Report 2022’ states that the top 1% in India own 33% of average household wealth; the top 10% own 65% and the bottom 50% own only 6% of the pie.

This is not the first of such headlines which indicate that the poor are becoming poorer. UNDP’s Multidimensional Poverty Index 2021, ranks India at 66 out of 109 nations, much lower than other middle-income nations like Brazil (33), South Africa (42), Mexico (43), and China (32). The report states that by using the conventional monetary poverty line of $1.90 per day, 22.5% of India’s population are poor and 19.3% of the population are close to the multidimensional poverty line, and so are very prone to any shocks.

Did this just make you think that India is now a poor country? The answer is no. Our private wealth has increased from 290% in 1980 to 560% in 2020.

The World Inequality Report states in this context, that while “Nations have become richer, Governments have become poorer.” The share of the public wealth, defined as the sum of all financial and non-financial assets, held by the government net of debt, has now dropped from above 50% in the 1970s to close to zero or is even negative for most rich countries.

In India, the government doesn’t seem to have money for paying ex-gratia to the families of COVID victims who were sole breadwinners for their families. The Center’s flagship rural employment guarantee program, the Mahatma Gandhi National Rural Employment Guarantee Act, 2005 (MGNREGA) was allocated 34% less funds for 2021-22. This is despite the pandemic propelling a mass reverse migration and massive unemployment in the countryside. All of the fiscal packages doled out during the pandemic were designed to give support to manufacturing and exports, the benefits of which were expected to slowly trickle down to the common man. No temporary monetary help was given to the unemployed or to the ones who had to return to their villages after having lost their jobs.

While most emerging economies have a government debt of around 40%-50% of their GDP, in India, government debt is almost 75% of the GDP. Elevated taxes on fuel prices pinching the pockets of people and reduced budgetary allocations to health and education have only helped in aggravating socio-economic differences, while our sovereign debt is skyrocketing.

Although the government is reeling under the burden of debt and plagued by a fiscal deficit, India still remains the 5th richest country in the world with a $2.27 trillion economy and with the world’s 3rd highest number of billionaires at 140. The private sector owns most of the wealth and capital in India. The liberalization and deregulation from 1991 which opened up the economy to LPG (Liberalization, Privatization and Globalization) freed the private sector and led to the creation of more private wealth. But now, we see trends of monopolization of wealth and capital which has been substantiated time and again by various reports.

The World Inequality Report states that in rich countries, public wealth typically amounted to 15-30% of total wealth in the early 1980s but these values have dropped to near 0% in most rich countries, and to around -10 to -20% in the US and the UK. Zero or negative public wealth values mean that private actors control the whole of the economy through their own assets. The higher the debt of the government the greater is the power of debtors over it. Needless to say that the public debt in India is 75% of the GDP.

In August, the government announced a scheme to monetize assets to realize 6 trillion INR by 2024-25 due to revenue shortfall. The sale of the debt-ridden Air India was one of the first assets to be monetized. The fact that it was sold for crumbs indicates how desperate the government was to sell it off. The National Monetisation Pipeline was started to support the National Infrastructure Pipeline, which means we now need to sell public assets to fund infrastructure projects in the country.

However, there is some confusion since the Finance Minister has announced that the assets would still be owned by the government and they have to be handed back after some time. Nobody knows how to practically operationalize something like this, and also who should bear the cost of depreciation of assets built with taxpayer money.

As India marches ahead to realize its dreams of becoming a $5 trillion economy by 2025, and realizing its ambitious climate goals announced at the COP26, our rich nation has to step up and support its poor government not just in building infrastructure but also in delivering social and economic justice to the poor. The middle class have always been the backbone of our economy; let us not follow the footsteps of the Central and Latin American Banana Republics or some of our South Asian neighbors where the co-existence of poverty and oligarchy lead to crimes, law & order problems, and social upheavals.

Reference links –

WORLD INEQUALITY REPORT 2022>

The 2021 Global Multidimensional Poverty Index (MPI)

Press Information Bureau

#kautilyaschoolofpublicpolicy #policymakers #publicpolicy

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crimechannels · 1 year ago

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By • Olalekan Fagbade Despite economic headwinds that affected Nigeria’s economy, three Nigerians have appeared in the list of richest black people on earth. They are Aliko Dangote, Abdulsamad Rabiu and Mike Adenuga. Aliko Dangote, President of the pan-African Conglomerate, the Dangote Group, tops the list. Here is a list of 17 richest black people on earth 1. Aliko Dangote ($10.8 billion) Aliko Dangote, Africa’s richest person, founded and chairs Dangote Cement, the continent’s largest cement producer. He owns 85% of publicly-traded Dangote Cement through a holding company. Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa. After many years in development, Dangote’s fertilizer plant in Nigeria began operations in March 2022. Dangote Refinery has been under construction since 2016 and is expected to be one of the world’s largest oil refineries once complete. 2. Robert F. Smith ($8 billion) Robert F. Smith founded private equity firm Vista Equity Partners in 2000. It focuses exclusively on investing in software companies. With $96 billion in assets, Vista is one of the best-performing private equity firms, posting annualized returns of 31% since inception. In October 2020, Smith entered into an agreement with the DOJ and IRS, agreeing to pay $139 million for his role in a tax evasion scheme. As a college student, Smith secured an internship at Bell Labs after calling the company every week for five months. An engineer by training, he worked at Kraft Foods and Goodyear Tire before getting his MBA at Columbia University. During a commencement speech, Smith vowed to wipe out the student debt of the entire 2019 graduating class of Morehouse College. 3. David Steward ($7.6 billion) David Steward is the founder and chairman of IT provider World Wide Technology. In the early days, Steward sometimes went without a paycheck and once watched his car get repossessed from the office parking lot. Today he is majority owner of the $14.5 billion (sales) company, whose customers include Citi, Verizon and the federal government. He grew up in the segregated South with seven siblings; his father worked as a mechanic, janitor and trash collector. Steward donated $1.3 million to the University of Missouri-St. Louis in 2018 to create the David and Thelma Steward Institute for Jazz Studies. 4. Abdulsamad Rabiu ($5.6 billion) Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.2% of it. Rabiu, the son of a businessman, inherited land from his father. He set up his own business in 1988 importing iron, steel and chemicals. 5. Mike Adenuga ($3.6 billion) Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He made his first million at age 26 selling lace and distributing soft drinks. 6. Jay-Z ($2.5 billion) Since becoming hip-hop’s first billionaire in 2019, Jay-Z has more than doubled his fortune thanks to his lucrative liquor businesses. In 2021, giant LVMH purchased a 50% stake in his champagne empire Armand de Brignac, otherwise known as Ace of Spades.

Jay-Z sold a majority of his stake in his cognac brand D’Usse to Bacardi in February 2023. His other assets range from a fine art collection including works by Jean-Michel Basquiat, his music catalog and shares in companies like Block and Uber. In 2021 he was inducted into the Rock & Roll Hall Of Fame; He won an Emmy in 2022 for Outstanding Variety Special for his production of the Super Bowl Halftime Show. 7. Oprah Winfrey ($2.5 billion) Oprah Winfrey has transitioned her hit talk show, which ran for 25 years, into a media and business empire. Reinvested, the profits from her show, plus profits from films like The Color Purple, Beloved and Selma (which her Harpo Productions coproduced) add up to an estimated more than $2 billion. In 2011, Winfrey launched cable channel OWN. She sold most of her stake in the network to owner Warner Bros. Discovery in 2020 in exchange for shares in the company. Winfrey bought a 10% stake in Weight Watchers in 2015, though she owns less now. Her sprawling real estate portfolio includes homes in California, Nashville and over a dozen properties in Hawaii. 8. PATRICE MOTSEPE ($2.3 billion) Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. In March 2021, Motsepe was elected president of the Confederation of African Football, the sport’s governing body on the continent. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. In 1997, he bought low-producing gold mine shafts and later turned them profitable. 9. Michael Jordan ($2 billion) Regarded by most as the NBA’s greatest all-time player, Michael Jordan won six titles with the Chicago Bulls. His salary during his career totaled $90 million, but he has earned $1.8 billion (pre-tax) from such corporate partners as Nike, Hanes and Gatorade. MJ joined sports-betting firm DraftKings as a special advisor to the board and an investor in September 2020. He also became a NASCAR team co-owner in late 2020. Jordan, who owns the Charlotte Hornets, agreed to sell a minority stake in a 2019 deal that valued the NBA team at $1.5 billion. 10. STRIVE MASIYIWA, ($1.8 billion) Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. 11. Alexander Karp ($1.8 billion) Alex Karp is cofounder and CEO of data mining firm Palantir Technologies, which received early backing from CIA investment arm In-Q-Tel. The company does contract work for government agencies like the Department of Defense, the FBI and the Danish National Police. Palantir went public on the New York Stock Exchange in an unusual direct listing process in September 2020. Karp met Palantir cofounder and billionaire Facebook investor Peter Thiel while at Stanford Law School. Karp managed money before starting Palantir in 2004, and occasionally teaches meditation classes at the company. 12. Rihanna ($1.4 billion ) Rihanna, Barbados’ most famous export, is a billionaire thanks to the success of cosmetics line Fenty Beauty.

The cosmetics company, which she co-owns with French luxury retailer LVMH, doubled its revenue in 2022. She also has a 30% stake in the Savage x Fenty lingerie line, which raised money at a $1 billion valuation in February 2021. The pop star headlined the Super Bowl LVII halftime show for the first time in 2023, during which she revealed she is pregnant with her second child. Rihanna and rapper A$AP Rocky already have one son, born in May 2022. She released her first new music in five years in 2022 for the movie Black Panther: Wakanda Forever. Her song “Lift Me Up” was nominated for an Oscar for Best Original Song. 13. Michael Lee-Chin ($1.4 billion each) Michael Lee-Chin made a fortune investing in financial companies like National Commercial Bank Jamaica and AIC Limited. The native of Jamaica acquired AIC in 1987, when it had less than $1 million in assets under management. Under Lee-Chin, the Canada-based wealth management and mutual fund business managed more than $10 billion in assets by 2002. But the firm was hit hard by the 2008 recession, and Lee-Chin sold AIC to Canadian financial services group Manulife in 2009 for an undisclosed price. He managed to hold onto a valuable 60% stake in National Commercial Bank Jamaica, which now makes up much of his wealth. 14. MOHAMMED IBRAHIM ($1.2 billion) Mohammed “Mo” Ibrahim founded Celtel International in 1998, one of the first mobile phone companies serving Africa and the Middle East. He sold Celtel to Kuwait’s Mobile Telecommunications Company for $3.4 billion in 2005 and pocketed $1.4 billion. Since then, he’s focused on fighting corrupt leadership in Africa through the Mo Ibrahim Foundation, directed by his daughter, Hadeel. Ibrahim also chairs the board of Satya Capital, a private equity fund that invests in African businesses, education and healthcare. 15. Tiger Woods ($1.1 billion) Woods has earned roughly $1.8 billion during his pro golf career, including a PGA Tour-record $121 million in prize money. In 2022, Forbes certified him as a billionaire, making him only the second active athlete ever with that distinction, after LeBron James. Woods reached that rarified air despite reportedly turning down a “mind-blowingly enormous” offer from the upstart LIV Golf tour, a deal that LIV CEO Greg Norman told the Washington Post would have been in the “high nine digits.” Woods has parlayed his golfing paychecks into investments that include two homes on Jupiter Island, a golf-course design business and high-end mini-golf chain Popstroke. Woods and fellow golf star Rory McIlroy announced in 2022 that they had founded TMRW Sports, a tech-focused venture with plans to launch a new golf league called TGL. The superstar is also a partner with Justin Timberlake and British billionaire Joe Lewis in Nexxus, a luxury real-estate venture. 16. LeBron James ($1 billion) James is the first active NBA player to become a billionaire, with Forbes estimating his net worth at $1 billion in June 2022. Born to a 16-year-old single mother, he lived with an assortment of family members, friends and neighbors, plus his youth football coach, before being drafted by the Cleveland Cavaliers in 2003. James has reportedly earned more than $430 million in pretax salary from stints with the Cavaliers, the Miami Heat and his current team, the Los Angeles Lakers. He has raked in upwards of $900 million (pretax) off the court, according to Forbes estimates from business ventures and endorsement deals with the likes of PepsiCo, Walmart and Nike. Key to his billionaire status: James has been more than a pitchman, taking equity in brands he works with, including Beats by Dre and the fast-growing Blaze Pizza chain. His LeBron James Family Foundation opened its first elementary school in 2018 and has pledged to spend more than $40 million to send kids to college. 17. Tyler Perry ($1 billion) A director, actor, producer and writer,

Tyler Perry is best known for his “Madea” franchise, which has grossed more than $660 million. Perry started out in live theater in the 1990s and became extremely popular before transitioning to film and television in the 2000s. Perry’s wealth comes both from his cut as a producer and from a library dating back to the early 1990s: he owns 100% of the content he’s created. In 2019, he opened Tyler Perry Studios, a 330-acre property in Atlanta with 12 sound stages and custom sets that include a to-scale White House. #billionaire #Nigerians #wealth #Worldsrichestblackpeople

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landscapeinsights · 2 years ago

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The Richest US Football Players and Their Starting Salaries

The world of professional football is one of the most lucrative sports, with some of the biggest names in the game earning millions of dollars each year. In the United States, the National Football League (NFL) is the premier league for the sport, and many of its players are among the wealthiest in the world. In this article, we will take a look at some of the richest NFL players and their starting salaries. The NFL is a highly competitive league, with only the best players making it to the top. The average career of an NFL player is just over three years, and many players never make it to a second contract. However, for those who do, the rewards can be substantial. The top players in the league earn millions of dollars each year in salary, bonuses, and endorsement deals. If you're interested in getting in on the action, why not try online football betting? You can find out here about the ins and outs of wagering on your favorite teams and players. The Highest-Paid NFL Players in 2022 Patrick Mahomes The highest-paid player in the NFL is currently Kansas City Chiefs quarterback Patrick Mahomes. Mahomes signed a 10-year, $450 million contract extension in 2020, making him the highest-paid player in league history. The deal includes $140 million in guaranteed money and an average annual salary of $45 million. Mahomes is regarded as one of the best quarterbacks in the league and led the Chiefs to the Super Bowl in 2020. Russell Wilson After a trade to the Broncos in 2022, Wilson was cemented as one of the highest-paid players in the league after signing an impressive five-year extension courtesy of Denver's new ownership group. Until 2021, when he experienced a finger injury that sidelined him for his first game, Wilson had made 149 consecutive regular-season starts - proving just how valuable and reliable he is. After a successful eight-year NFL tenure, the former Seahawk averaged 3,987 passing yards, 31 touchdowns and nine interceptions per 17 games. His stellar performance in his sophomore season earned him a Super Bowl win and the honor of being named Walter Payton Man of the Year in 2020. Aaron Donald After a historic Super Bowl victory for the Rams, Aaron Donald was determined to get what he deserved. He negotiated an unparalleled two-year extension worth $65 million and an optional third year of $30 million - with three years remaining on his original contract! The rumors that surfaced after their win suggested Donald even contemplated retirement if the deal couldn't be reworked, showing just how passionate he is about getting fair compensation. Donald is a record-breaking defensive tackle, scoring an impressive 98 career sacks and earning the title of All-Pro seven times consecutively. With a league-high 20.5 sacks over five years, Donald has continuously pushed to exceed his expectations - even coming two sacks shy of Strahan and Watt's historical 22.5 sack record. In 2020, he added Super Bowl Champion to his list of accolades after winning the AP Defensive Player of the Year award three out of five consecutive seasons with no fewer than eight sacks every year. Donald's new contract yielded him an astonishing $40 million raise, scaling up to a total of $65 million across the next two seasons. If he opts in for his third year, Donald will pocket an additional $30 million - bringing the entire amount to an outstanding $95 million! Such lavish remuneration has allowed Aaron Donald to enter NFL record books as their highest ever non-QB earner. Aaron Rodgers Aaron Rodgers has become the first NFL player to earn more than $50 million per season after signing a three-year extension with the Green Bay Packers. With an astonishing $150.6 million guaranteed, he now holds the record for the most money ever secured by any NFL athlete. Over his last two seasons alone, Rodgers made 8,414 combined yards and 85 touchdowns while completing 69.8 per cent of all passes - resulting in him being crowned MVP twice over. Not only that, but even at age 37, this incredible performer still wins trophies – like when he won one Super Bowl during his 17 years as part of The Packer's team. Kyler Murray This offseason, Murray secured a long-term extension with the Cardinals for an impressive $230.5 million over five years - demonstrating how highly regarded he is within the league at only 24 years old. He has continually raised his passer rating in each season since entering the NFL back in 2019, and even though there have been some playoff issues along the way, Murray remains one of the finest young quarterbacks out there. Now he'll get paid like it. Conclusion These five NFL players are just a few examples of this league's incredible talent and value. Whether it's Russell Wilson’s longevity or Aaron Donald’s defensive prowess, the teams willing to invest in these superstars have been rewarded with truly remarkable performances - and will continue to do so for many years. With the increasing salary caps across the league, we can expect even more record-breaking contracts from blue-chip players soon. As long as they can keep delivering on their promise, everyone wins! Read the full article

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landscapeinsight · 2 years ago

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The Richest US Football Players and Their Starting Salaries

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omyindian · 2 years ago

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Top 10 richest people in India

What do you think you would be doing if you became the richest person in India? A world tour maybe? Or buying the most expensive stuff for yourself? Well, all of us have our priorities and we would probably try to accomplish them first. But have you ever thought how difficult it is to become the richest person in India? Keeping the difficulty aside, do you know any other names except Ambani and Adani that are super rich? Well, in this blog, I’ve mentioned the top 10 richest people in India in 2022 and will take you through the quick introduction of their life. Gautam AdaniMukesh AmbaniRadhakrishnan DamaniCyrus PoonawallaShiv NadarDilip ShanghviKumar BirlaYou may find it fascinating, but it needs true hard work to get there. They all have worked hard for their dream, and most significantly, they have never thought to be so rich or to get their names mentioned on the list of billionaires of India, they just kept going, and today we call them by their work.

Net Worth: $ 150 billion

Age: 60 Profession: Founder and Chairman of Adani groups Gautam Adani is in 1st position in the list of the richest persons in India in 2022. He is the chairman and founder of the Adani Groups and a philanthropist. In 1978, Gautam moved to Mumbai with only 100 rs and worked as a diamond sorter for the Mahendra brothers. Though his family owned a textile business, he was never interested in it. And within three years in Mumbai, he established his diamond brokerage firm and earned a million. He was a self-made millionaire at the age of 20 and Mumbai’s richest man.

Net Worth: $88 billion

Age: 65 Profession: Chairman and Managing Director of Reliance Who doesn’t know how rich Mr. Mukesh Ambani is? We all know he is the wealthiest person with the 2nd highest income in India. He is an Indian businessman, chairman, managing director, and largest shareholder of Reliance Industries. He started his career as a clerk at A. Besse and company in 1950. There, he learned business skills and trading techniques. In the late 1950s, Ambani began a business trading in spices and named it Reliance Commercial Corporation. From here, the expansion of his business took place, and at present, he is the richest man in India.

Net Worth: $ 27.6 billion

Age: 68 Profession: Founder of DMart and investor Radhakrishnan Damani is an investor and India’s richest person. He is the founder of DMart and manages his portfolio through his investment firm, Bright Star Investments Limited. He began his career in the ball-bearing trading business. After his father’s death, he left his business and entered the stock market world. There, he became a stock market broker and investor. Eventually, he quit the stock market in 2000 and entered the retail industry. He came up with his hypermarket Chain, DMart.

Net Worth: $ 21.5 billion

Age: 81 years Profession: chairman and managing director of Cyrus Poonawalla Group Cyrus Poonawalla is an Indian businessman, chairman, and managing director of the Cyrus Poonawalla Group, including the Serum Institute of India, an Indian biotech company. Poonawalla was born in a family that had connections with the Indian racing circuit. At a very early age, he experimented with cars along with his friend. He initially built a $120 sports car, but he then dropped the idea of selling cars. He founded the Serum Institute of India in 1966.

Net Worth: $ 21.4 billion

Age: 77 Profession: Founder and Chairman of HCL Technologies and Shiv Nadar Foundations Shiv Nadar is an Indian Industrialist, founder, and chairman Emeritus of HCL Technologies Limited and Shiv Nadar Foundation. He is one of the billionaires in India. He started his career in August 1976 and established the HCL company in a garage with the help of his friends. Earlier, HCL made only calculators and microprocessors. And in 1980, they started selling computers in Singapore, and they had an income of 10 lacks in the first year of their business.

Savitri Jindal & Family

Net Worth: $ 16.4 billion

Age: 72

Profession: Former Chairperson Emeritus of OP Jindal Group

Among the wealthiest people in India, Savitri Jindal and her family are ranked sixth. Power, cement, infrastructure, and steel are among the industries in which Jindal Group has interests.

The Jindal Group was created by Om Prakash Jindal, whose widow Savitri Jindal currently serves as group chairman. The group's businesses were divided among Om Prakash Jindal's four sons after his death in a helicopter accident in 2005.

Net Worth: $ 15.5 billion

Age: 66 Profession: founder of Sun Pharmaceuticals Dilip Shanghvi is an Indian businessman and the richest man in India. He is the founder of Sun Pharmaceuticals and was awarded the civilian honor of the Padma Shri in 2016.

He began his career by helping his father in his wholesale generic drugs business in Kolkata. While working with his father, he developed the idea of manufacturing his drugs instead of selling others products. He started Sun Pharmaceuticals with the capital of INR 10,000 in 1982.

Hinduja Brother

Net Worth: $ 15.2 billion

Profession: Ashok Leyland and Hinduja Housing Finance

The Hinduja group was founded in 1914 by Parmanand Deepchand Hinduja. The worldwide conglomerate is currently under the supervision of the four siblings Srichand, Gopichand, Prakash, and Ashok.

The brothers' combined wealth is currently at Rs 122,761.29 crore. The 108-year-old company is active in 11 industries, including real estate, banking and finance, healthcare, media, IT and ITeS, and automotive, oil, and specialty chemicals.

Net Worth:$ 15 Billion

Age: 55 Profession: chairperson of Aditya Birla Groups Kumar Mangalam Birla is an Indian Billionaire Industrialist, chairman of Aditya Birla Group. Also, he is the largest conglomerate in India. Seth Shiv Narayan Birla founded the company in the 19th century. Kumar took over as a chairman of the Aditya Birla Group in 1995, after the death of his father, Vikram Birla.

Bajaj Family

Net Worth: $ 14.6 billion

Profession: Bajaj Auto

40 businesses make up the Bajaj Group, which is owned by the Bajaj family. In Mumbai in 1926, Jamnalal Bajaj founded the 96-year-old, family-run company.

The family's flagship business, Bajaj Auto, has a net worth of Rs 117,915.45 crore and is the fourth-largest two- and three-wheeler manufacturer in the world.

#richestpersoninIndia #gautam adani #mukesh ambani

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sepdet · 2 years ago

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I posted 3,412 times in 2022

That's 574 more posts than 2021!

146 posts created (4%)

3,266 posts reblogged (96%)

Blogs I reblogged the most:

@cephalopodvictorious

@ardent-ace

@whetstonefires

@angeloftheeasterngate

@doccywhomst

I tagged 1,957 of my posts in 2022

Only 43% of my posts had no tags

#queue - 87 posts

#us politics - 76 posts

#youtube - 65 posts

#oh tumblr - 50 posts

#dracula daily - 40 posts

#vile puns - 29 posts

#critters - 27 posts

#funny - 27 posts

#cats - 22 posts

#other people's art - 22 posts

Longest Tag: 140 characters

#my therapist didn't understand why i was peeved at that 'the good news is the only vaccinated people in the study who died had comorbidities

My Top Posts in 2022:

1,209 notes - Posted July 31, 2022

This woman may have a point, although I fear she overestimates the amount of work Elon Musk does vs what he takes credit for.

See link above for her whole thread, but the parts that jumped out at me:

At first I thought “how terrible, I hate Elon Musk” and then I realized that having to own Twitter is an entirely appropriate punishment for Elon Musk

The world’s richest man would rather be subpoenaed twice a year to testify before Congress about why he used the official @/Twitter account to post 12 Reddit memes calling for the overthrow of the government than just like… having sex in a luxury submarine?

[...]

I considered deleting my account if Elon Musk buys Twitter but honestly that is letting him off easy, we should not leave, we should engage goose mode and keep him as busy as possible dealing with Twitter so he can’t do any of the other bad things he usually does

[Image: screencap from Horrible Goose Game with caption "I think I will cause problems on purpose" /end image]

Like… think about it… if we all make sure that Twitter is as enormous a headache as possible… and his gigantic ego is fully invested in proving he can “fix Twitter…”

We can completely freeze all of his other destructive activities. Goodbye monkey torture hobby!!!

I mean sure he can still just hire people to do the other stuff BUT it is fairly well established with Elon that, once his attention wanders, his projects never move again (see: HyperLoop).

He has the same collection of abandoned craft projects I do, his are just expensive.

Anyway I think maybe the entire cosmic purpose of Twitter all along was to become a massive Elon-distraction device.

He is our Minotaur. We are his labyrinth. All things are processing according to a greater plan.

2,332 notes - Posted April 24, 2022

The Endurance was trapped in Antarctic ice for about a year and finally sank in November 1915:

Famously, Ernest Shackleton used a jury-rigged lifeboat to sail over 700 miles to a whaling station, seek help, return and rescue his entire crew, which imo is a greater feat than reaching the South Pole. The ocean currents circling Antartica are some of the stormiest and coldest in the world. How the heck do you cross that in a small open boat without sinking, starving, or freezing to death?

Anyway, I'm impressed that the Endurance looks to be in pretty good shape considering how much it got crushed by pack ice. And it was just discovered yesterday (March 9)!

5,415 notes - Posted March 9, 2022

19,263 notes - Posted June 10, 2022

My #1 post of 2022

[Description: Tiktok compilation of two dancers in sweats or other gym clothes interpreting various iPhone alert sounds as dance moves synchronized with and vaguely mimicking the sound effects.]

26,166 notes - Posted June 29, 2022

Get your Tumblr 2022 Year in Review →

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Well at least #3 is an actual educational post, which I'm proud to have posted before news media, since I just happened to catch the initial tweet rippling across archaeology twitter.

#2 is educational too, actually: there's a good reason why those early reconstructions of pterosaurs look like flying possums.

Here's the director's cut Endurance/Shackleton post in which I recounted their incredible saga with actual photos from the expedition

#tumblr2022 #year in review #my 2022 tumblr year in review #your tumblr year in review

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helpdude · 2 years ago

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Musk lost the top spot in the list of billionaires for some time

Elon Musk, founder of Tesla and Space-X and CEO of Twitter, lost his top spot on the list of billionaires for a while on Wednesday. He lost this position in terms of wealth in the Forbes Real Time Billionaires list. News from NDTV Shares of electric carmaker giant Tesla fell. In addition, Musk bought Twitter for 4 thousand 4 billion dollars with a lot of bets. After that his total wealth decreased a lot. As a result, he fell to the second position in the list of billionaires for some time. Bernard Arnault, chief executive of LVMH, the parent company of Paris-based luxury brand Louis Vuitton, has overtaken Musk as the top billionaire. At that time, his wealth amounted to 18 thousand 530 million dollars. However, Musk regained the top spot after a while. At that time, his personal wealth stood at 18 thousand 570 million dollars. Musk has held the position of the world's richest man since September 2021. He rose to the top, dethroning Amazon founder Jeff Bezos. Bernard Arnault, chief executive of LVMH, the parent company of Paris-based luxury brand Louis Vuitton. Bernard Arnault, chief executive of LVMH, the parent company of Paris-based luxury brand Louis Vuitton Picture: Reuters Tesla's share price has hit its lowest point in two years. In this, in 2022, the total wealth of Mask has already decreased by 20 thousand billion dollars. Most of Musk's wealth comes from electric car maker Tesla. The company's largest market outside the US is China. But the company is under pressure due to coronavirus-related restrictions in the country. 10 richest people of the decade Last month, Musk bought the popular social media platform Twitter for $4,400 million. He is giving more time to manage the company. Twitter has lost 60 percent of its workforce since Musk took over. Investors have raised the question whether this billionaire is lightening his position by being involved in such companies. In addition to Tesla, Twitter and rocket company Space-X, Musk is the head of Neuralink. Startup Neuralink is developing ultra-high-bandwidth brain-machine interfaces to connect the human brain to computers. Read the full article

#ElonMASK #ElonMaskLost

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the9jafresh · 2 years ago

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Top 10 Richest Men In The World and Their Net Worth (2022)

Top 10 Richest Men In The World and Their Net Worth (2022) Get the List of the World’s Richest People Elon Musk, CEO of Tesla, is the richest person in the world, with a net worth of $239.3 billion as of 9 February 2022. And Adani is now the world’s third richest person. Continue reading to see the most recent Worlds Billionaires lists and Richest People in the World. List of the top ten…

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newsoholic24x7 · 3 years ago

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Top 10 Richest Men In The World In 2022

Top 10 richest men in the world in 2022 In 2022, the 10 wealthiest people in the world are all worth above $100 billion. So let’s see the top ten wealthiest individuals in the world. Elon Musk ($277 billion) The Co-founder of Tesla company, who changed his title from CEO to “Technoking of Tesla” regulatory filing, has taken a massive wealth increase thanks to the fast growth of his electric…

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#50 richest person in the world #Newsoholic24x7 #richest man in india #richest man in the world ever #richest woman in the world #top 10 richest man in the world 2020 #Top 10 richest men in the world in 2022 #top 10 richest person in the world 2021 #top 20 richest man in the world #top-10-richest-man-in-the-world-in-2022

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schweiggiemydear · 4 years ago

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Regarding the Super League - A Rant

Ok, since the League was more or less officially announced today, I want to talk about it. If you haven't heard about it, you can read the Sky Sports article explaining it here.

I want to add a disclaimer that since I am an Arsenal and Real Madrid fan, my views are biased since both teams have been selected for the league.

However, there are a few things I want to address as a general football fan that are not affected by my club loyalty. I'll include a section at the bottom of this post on my opinion on the new league just because. Editing to add another disclaimer that I do NOT support the Super League. I am just discussing the issues I have seen brought up about it.

Fan Response

A lot of football fans have taken to social media to voice their opposition to the league. Maybe I haven't looked hard enough, but I haven't actually seen any reason for this hatred towards the new league other than "It will ruin football" and "It's just another way for the clubs to make more money." Again, maybe I just haven't seen it, but these two "reasons" aren't really explained at all:

"It will ruin football": It's another competition that only the "elite" and "best" clubs of Europe will be a part of. This is basically the Champions and Europa leagues already. These two competitions will not be eliminated and you can still see underdogs play European football.

Is the concern here that this elevates top clubs at the expense of smaller clubs? (like Champions League already does?) Is the concern here that mechanisms for fair competition will be dropped for the sake of greed? (like Champions league already does?) (Like FIFA does every time they make a decision?) Is the concern here that it undermines the concept of competition and the idea that any team can win a trophy in Europe? This is the only valid criticism I can understand and support, but when was the last time a big club didn't win the Champions league? When was the last time a small club Leicester or Roma held the trophy? If you can count Olympique de Marseille as a "small club", then the answer is 1993.

"It's just another way for the clubs to make more money.": I hate to break it to you folks, but football is a business. (I have a lot of opinions on this - mainly regarding women's v. men's football and equal pay - but that is not the point of this post.) Clubs are always looking for ways to make more money and this pandemic has killed revenue for every club, even top league clubs, and they are looking for new and more steady sources of revenue.

Is the concern that without a ruling body like FIFA, the money for the competition will not be handled fairly? Is the concern that fans will have limited access to matches? If you take even a cursory glance at what FIFA/UEFA done regarding finance, transparency, match fixing, and fan access, you would know this isn't a valid criticism. Well, it is valid. But only if you also regularly call out FIFA, UEFA, Premier League/FA, Bundesliga, La Liga, League 1, Serie A, etc., for these same infractions. Which people don't.

Now if the criticisms were closer to "I think this brings unnecessary competition to top clubs already vying for European trophies", "This competition will make these clubs think they're better than everyone else", or "This puts a strain on players in these clubs who already play for club and country", I'd understand the concerns and would absolutely agree. But right now, the actual fan backlash seems more guided by a general misunderstanding on how football really works. Which leads to the next issue I want need to address.

FIFA/UEFA Response

Now here's where things get interesting because the backlash from FIFA and UEFA has been swift and aggressive to say the least. They are refusing to allow players who play in the Super League to be eligible for the 2022 World Cup and will likely impose fines or even ban clubs from the leagues that do participate. The Premier League/FA and the other major European leagues have issued a joint statement condemning the league. The statement mentions solidarity, a united front, fair competition, and sporting merit and claims that this new league is greedy and self-serving.

Ironic words come from institutions that are all well-known for their own corruption. Absolutely banger response from institutions that milk fans, players, and leagues every year. In fact, people on twitter made really great points and I'm going to provide the tweets here because they said it better than I could:

(including the last one because of Slavia Prague specifically)

We all know the main reason FIFA and UEFA are against the Super League is because they wouldn't get a cut of the revenue. I don't have any money to bet, but know that if I did, I would bet it all that if the Super League offered FIFA and UEFA each a significant cut of the continued revenue, they would get the green light immediately and that trophy would be physically bigger than the Champions League cup.

I just cannot get over the irony, hypocrisy, lack of awareness, and just BALLS of these organisations to make claims of greed and lack of fair play when they are guilty of these exact things. I think Toni Kroos said it best:

"European Super League? We are just puppets of FIFA and UEFA. If there was a players' union, we would not be playing the Nations League or Supercopa de Espana in Saudi Arabia." (Kroos in a podcast on 11/11/2020)

My Humble Opinion

Now here's what I think. And again, my teams would be involved in this Super League so I do have a stake in the game here.

Firstly, I absolutely agree the Super League is elitist in nature and affects the fair play nature of European football competitions and domestic leagues. No doubt that smaller clubs would be financially hurt by this new league and it puts these "top teams" on a pedestal, especially when the last thing they need is an even more inflated ego (Arsenal included). Every club has been hurt by this pandemic and needs funds. Every club has been hurt by FIFA's practices and there's a good chance this will really mess with smaller teams' chances of earning revenue themselves.

Second, FIFA and UEFA can go fuck themselves.

Third, FIFA plans to ban players and clubs who participate in this Super League and to that I say good fucking luck with that because those clubs are your biggest earners. Absolutely no hate or shade to the Bundesliga or League 1, but they just don't bring in the same revenue as Barca, Real Madrid, or Premier League teams. Bayern Munich did recently overtake Man United as the 3rd richest club in Europe, but they are still vastly out-earned by RM and Barca. PSG is #7 (after 3 english teams) and Juventus is #10 (after 5 english teams) (source). The revenue FIFA and UEFA would lose from banning Super League teams would be astronomical. Not just in the domestic leagues themselves, but the Champions League, Europa League, and the World Cup. I mean, what's a World Cup without Messi? (personally, I'm okay with that but you get my point)

Fourth, and hear me out, I genuinely believe that the Super League is a good TEMPORARY idea. The Super League should be used as an experiment to see how competitions would function outside the influence of FIFA and other regulatory agencies. This would be a League run by clubs and players and is a better representation on how football SHOULD be organised. If these clubs take a stand against FIFA, maybe, just maybe, we can get rid of some of the corruption inherent in football. Don't get me wrong, the Super League is definitely meant to be revenue generating for sure. But it's also a middle finger to FIFA and, if its done well, the rest of Europe might take a harder look at how much they don't actually need FIFA. Do I think this is the right way of doing it? No. But has it clearly stirred things up and now people are talking about the issues? Yes.

Lastly, I want to talk about Kroos' comment above. A players union is a brilliant idea and I think the European Super League is actually a great way for players to argue for it. They can use the leverage of the new league to bargain for better rights and a union that actually tells FIFA to go fuck itself when it decides things like revenue gouging Brazil in 2014 or a Qatar World Cup. Or the many hundred other shitty things FIFA has done. For a full list, please see John Oliver's amazing coverage of FIFA in his series "Last Week Tonight" (found on YouTube or HBOMax).

If you made it to the bottom of this post/rant, thank you! Let me know what you think about this Super League and what would you do if you were one of the teams involved?

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bloggingforu · 3 years ago

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Top 5 world’s richest man Of 2022-Facts about Billionaires

The list of the world’s richest persons can vary from year to year, depending on their latest net worth and financial performance.

here is the latest list of top 5 world’s richest man according to real time Forbes list of April 2022 and few interesting facts regarding every of them.

bloggingforu Provides You knowledgeable and Informational content.

#1 Elon Musk

Age — 50

CEO — Tesla

Source of Wealth — Tesla, SpaceX, Self Made

Net worth — $246.0 billion

Residence — Austin, Texas

Marital Status — Relationship

Children — 6

Citizenship — United States

Education — Bachelor of Arts/Science, University of Pennsylvania

Elon Musk was born in June 28, 1971 Pretoria, South Africa. Musk was born to a Canadian mother and South African father.

Elon Musk is an engineer, technology entrepreneur, industrial designer and philanthropist. Elon Musk holds the citizenship of three countries- South Africa (1971–present), Canada (1989–present) and the United States (2002-present).

Elon Musk has taken a lot of risk in his life, due to which he comes in the list of Top 5 World’s Richest Man.

He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion.

On 1 February , 2021 Forbes announced that Musk had a net worth of over $200 billion, and was the world’s richest man. after Tesla stock surged. In November 2021, Musk became the first person with a net worth over $300 billion. read more

#2 Bernard Arnault & family

Age — 72

Source of Wealth — LVMH

Net worth -$158.2 billion

Residence — Paris, France

Citizenship — France

Marital Status — Married

Children — 5

Education — Bachelor of Arts/Science, Ecole Polytechnique de Paris

Education = Bachelor of Arts/Science, Ecole Polytechnique de Paris Bernard Arnault was born in 5 march ,1949, in Roubaix, France.

Bernard Arnault is the Chairman and CEO of LVMH is the third richest person in the world.

His net worth is $145B billion ensuring from his business across an empire of more than 70 brands as well as Louis Vuitton and Sephora. He comes in Top 5 world’s richest man.

French businessman richest man Bernard Arnault earned the $100 billion in last year of December.

At the end of 2017, the only declared major stockholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault.

An engineer by training, Arnault first showed his business acumen whereas operating for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971.

He converted Ferret-Savinel to a real estate company named Ferinel Inc. in 1979

Bernard Arnault control amounted to 46.84% of LVMH’s stock and 63.13% of its voting rights. read more

#3 Jeff Bezos

Age — 58

Source of Wealth — Amazon, Self Made

Net worth -$150.1 billion

Residence — Seattle, Washington

Citizenship — United States

Marital Status — In Relationship

Children — 4

Education — Bachelor of Arts/Science, Princeton University

Amazon Ownership Stake: 10% ($153 billion) and He comes in Top 5 world’s richest man.

Jeff Bezos was born in Albuquerque, New Mexico, on 1964, 12 January. Jeff Bezos is an American business man, media proprietor, investor, computer engineer, and commercial astronaut.

he is the founder and executive chairman of Amazon, where he previously served as the president and CEO.

He stepped down as CEO of Amazon and transitioned and to become executive chairman in July 2021.

Amazon thrived during the pandemic; revenues in 2020 grew 38% to $386 billion as people stayed home and made online purchases.

He was included first time on Forbes World’s Billionaires list in 1999 with a registered net worth of $10.1 billion

It is presently the world’s largest online sales company, the largest Internet company by revenue, and therefore the world’s largest supplier of virtual assistants and cloud infrastructure services through its Amazon Web Services branch.

On January 9, 2019, Bezos and MacKenzie declared on Twitter their intent to divorce after a “long period” of separation.

On April 4, 2019, the divorce was finalized, with Bezos keeping 75% of the couple’s Amazon stock and MacKenzie getting the remaining 25% ($35.6 billion) in Amazon stock continue reading

#5 Gautam Adani & family

Age —59

Source of Wealth — infrastructure, commodities, Self Made

Net worth -$126.4 billion

Residence — Ahmedabad, India

Citizenship — Indian

Marital Status — Married

Children — 2

#buisness #richest man #elon musk #billioners #gautam adani

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trylkstopocket · 2 years ago

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A ‘fake’ recession? Wall Street chief economist sees misleading signs for 2022

Economic pessimism appears to be gaining traction by the day, with banks, corporate leaders, and consumers sounding the alarm about a recession looming on the horizon.

However, Aneta Markowska, chief economist at Jefferies, argues in a new research report that while the economy is facing several headwinds, a recession is not imminent.

“Households and businesses still have a lot of cash, which makes their demand price and rate inelastic in the short-term,” she said. “So while the Fed was able to cool housing demand very quickly, reducing consumption and labor demand will take more time.”

She also pointed to the unemployment rate as an indicator that a recession was not about to take hold of the U.S. economy, noting that there were still millions of job openings and margin pressures were not yet intense enough to induce “a full-blown layoff cycle.”

Doubling down on the strength of the American labor market, Markowska said she expected the national unemployment rate to continue to decline, bottoming at around 3.2%.

In June, the U.S. unemployment rate held steady at 3.6%. The Great Recession, which lasted from the end of 2007 until 2009, saw unemployment peak at more than 10%.

Recessions are widely regarded as occurring when there are two consecutive quarters of negative growth in a country’s gross domestic product (GDP).

However, the National Bureau of Economic Research, which defines a recession as a significant decline in economic activity that is spread across the economy and lasts more than a few months, considers several areas of economic activity as potential recession signifiers, including real personal income, nonfarm payroll employment, and industrial production.

With household income and employment rates still appearing to be in good shape, Markowska said a 2022 recession would be “fake.”

“Put differently, the current recession exists purely in the imagination, not in the real world,” she said.

Recession calls

The imminence of a U.S. recession has divided market watchers, many of whom are deeply concerned about inflation reaching its highest level in decades.

Earlier this month, Andrew Hunter, a senior economist at the independent macroeconomic research firm Capital Economics, wrote in a research report that the strength of June’s non-farm payrolls report “appears to make a mockery of claims the economy is heading into, let alone already in, a recession.”

Meanwhile, a top Harvard economist said this week that he saw less than a 50% chance of a recession.

Others—including JPMorgan Chase CEO Jamie Dimon, billionaire investor Carl Icahn, and the head of the World Bank—disagree, having sounded the alarm that a recession is on the horizon.

In May, the world’s richest man Elon Musk said the U.S. was “probably” already in a recession that could last up to 18 months.

At the end of June, a reading from the Conference Board showed that consumer expectations for the U.S. economy had fallen to a nine-year low.

Inevitable downturn

While Jefferies’ Markowska did not believe a recession was already underway or right around the corner, she conceded that an economic downturn in the U.S. was inevitable.

She said she expects U.S. GDP for 2022 and 2023 to come in at 2.2% and 0% respectively, and has forecast a recession to begin in the second half of next year and last for five quarters.

According to Markowska, economic risks “are still skewed toward higher rates,” and the Federal Reserve is likely to “front-load this tightening cycle,” bringing its benchmark funds rate as high as 4.25% by March 2023.

Markowska predicted that interest rates at this level could accelerate downward momentum in economic growth.

Last month, the Fed carried out its biggest rate hike since 1994, and the central bank’s policymakers expect their core rate to be within the range of 3.25% and 3.5% by the end of the year.

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famouspeopleofindia · 3 years ago

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Mukesh Ambani

Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian business magnate and chairman, managing director, and the largest shareholder of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India's most valuable company by market value. According to Forbes and Bloomberg Billionaires Index, Ambani's net worth is estimated at around US$95.4 billion as of May 2022, making him the second-richest person in Asia and India and the 9th richest person in the world.

Born: 19 April 1957 (age 65 years), Aden, Yemen Net worth: 9,220 crores USD (2022) Forbes Spouse: Nita Ambani (m. 1985) Children: Isha Ambani, Akash Ambani, Anant Ambani Education: Institute of Chemical Technology (ICT), MORE Grandchild: Prithvi Akash Ambani Siblings: Anil Ambani, Nina Kothari, Deepti Salgaocar

Early life

Mukesh Dhirubhai Ambani was born on 19 April 1957 in the British Crown colony of Aden (present-day Yemen) into a Gujarati Hindu family to Dhirubhai Ambani and Kokilaben Ambani. He has a younger brother Anil Ambani and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar.

Ambani lived only briefly in Yemen because his father decided to move back to India in 1958[8] to start a trading business that focused on spices and textiles. The latter was originally named "Vimal" but later changed to "Only Vimal".[9][10] His family lived in a modest two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s. The family's financial status slightly improved when they moved to India but Ambani still lived in a communal society, used public transportation, and never received an allowance. Dhirubhai later purchased a 14-floor apartment block called 'Sea Wind' in Colaba, where, until recently, Ambani and his brother lived with their families on different floors.

Education

Ambani attended the Hill Grange High School at Peddar Road, Mumbai, along with his brother and Anand Jain, who later became his close associate. After his secondary schooling, he studied at St. Xavier's College, Mumbai. He then received a BE degree in chemical engineering from the Institute of Chemical Technology.

Ambani later enrolled for an MBA at Stanford University but withdrew in 1980 to help his father build Reliance, which at the time was still a small but fast-growing enterprise. His father felt that real-life skills were harnessed through experiences and not by sitting in a classroom, so he called his son back to India from Stanford to take command of a yarn manufacturing project in his company.

Ambani has been quoted as saying that he was influenced by his teachers William F. Sharpe and Man Mohan Sharma because they are "the kind of professors who made you think out of the box."

Career

In 1981 he started to help his father Dhirubhai Ambani run their family business, Reliance Industries Limited. By this time, it had already expanded so that it also dealt in refining and petrochemicals. The business also included products and services in the retail and telecommunications industries. Reliance Retail Ltd., another subsidiary, is also the largest retailer in India. Reliance's Jio has earned a top-five spot in the country's telecommunication services since its public launch on 5 September 2016.

As of 2016, Ambani was ranked 36 and has consistently held the title of India's richest person on Forbes magazine's list for the past ten years. He is the only Indian businessman on Forbes' list of the world's most powerful people. As of October 2020, Mukesh Ambani was ranked by Forbes as the 6th-wealthiest person in the world. He surpassed Jack Ma, executive chairman of Alibaba Group, to become Asia's richest person with a net worth of $44.3 billion in July 2018. He is also the wealthiest person in the world outside North America and Europe. As of 2015, Ambani ranked fifth among India's philanthropists, according to China's Hurun Research Institute. He was appointed as a Director of Bank of America and became the first non-American to be on its board.

Through Reliance, he also owns the Indian Premier League franchise Mumbai Indians and is the founder of the Indian Super League, a football league in India. In 2012, Forbes named him one of the richest sports owners in the world. He resides at the Antilia Building, one of the world's most expensive private residences with its value reaching $1 billion.

Credit

#mukesh ambani

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