When Jay-Z was announced as part owner of the recently Brooklyn-based Nets franchise, everyone from casual sports fans to savvy business minds wondered what Shawn Carter’s actual impact would be on the franchise. While he only owns one-fifteenth of a percent (while Mikhail Prokhorov owns 80 percent), the piece makes it very clear that he has had his hands in everything from uniform design to arena music choices. Below, choice excerpts can be found while the entire editorial can be read at The New York Times. [Read More]
When you’re rich, you can cruise through life at a luxurious speed filled with fancy cars, designer clothes and caviar. But beneath the surface, becoming wealthy and staying wealthy involves hard work, an appetite for risk and a certain mindset that’s not always obvious. Here are some of the secret habits of wealthy people. [Watch & Read More]
In the summer of 2007, Timothy S. Durham decided to throw himself a party for his 45th birthday. The CEO of a leveraged buyout shop in Indianapolis, Durham claimed to have made millions. He had also developed a penchant for the young, fun, and nubile, partying in Los Angeles and Miami and on his yacht in the Caribbean. In Los Angeles, he owned National Lampoon, or what was left of it, and had been going to parties at the Playboy Mansion. [See & Read More]
Drake's trying to move the sleek Miami condos that were featured in the I'm On One video. He put both places, located right next to each other in the Marquis high-rise, on the market last week.
The larger one is listed at $1.9 million, and the smaller one at $599,000, but he turned them into one huge spot and was living in them both at the same time. [See & Read More]
Tuesday, 17 January 2012 22:01 Written by
It says something when your reputation is so bad that you can't even claim damage to it, and what it says is nothing good. Ironic, you know?
Kim Kardashian is apparently learning this lesson, as she's in the middle of trying to sue Old Navy for airing a commercial that featured Megan Molinaro, an actress who looks a lot like her. [Watch & Read More]
Tuesday, 03 January 2012 18:00 Written by Lionel
After closing the year with his anticipated The Big 10 mixtape, business tycoon 50 Cent took to Twitter this week to announce a partnership with Pepsi to distribute his energy shot, Street King.
"I did a deal with Pepsi to distribute Street King its gonna be every where buy a bottle feed some one in need," 50 Cent tweeted. [Read More]
Thursday, 29 December 2011 21:14 Written by Lionel
Robert J. Pera, billionaire at 33, makes computer hardware with even fatter profit margins than his former employer’s. The secret: no direct sales force.
The Apple engineer turned entrepreneur never checks a bag at the airport, leases a BMW and keeps a sparsely furnished one-bedroom apartment in San Jose, Calif. [Read More]
Twitter's transformation from startup to power player has hit its rocky adolescent stage. In the past six months, more than a dozen high-level employees have departed.
The sudden exodus set Silicon Valley chattering: What's going on at Twitter? [Read More]
Is there a new television, tool or bicycle on your holiday shopping list? Hold on there. While you can find many great deals during November and December, you're better off making some purchases at other times of the year.
Here are 12 items that are even cheaper before or after the holidays. [Read More]
That's what so many want. Right? I’m certainly not going to lie and say it is not a whole lot better having lots of money. I had a whole lot of fun and loved my life when I was eating mustard and ketchup sandwiches and sleeping on the floor of a 3 bedroom apartment that housed me and 5 buddies.
I have a whole lot more fun now. It doesn’t suck to be rich.
The question everyone wants answered, is how to get there. There are ways to get there. But there is not a template that works every time for everyone. It works sometimes. Getting there requires being ready when opportunity presents itself. [Read More]