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☆ Richard Branson says money isn't a good way to measure success: Focus on this 1 word instead, it's 'all that really matters'
▼ + stars: | 2024-05-01 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Richard Branson doesn't want to be defined by his money. Specifically, he finds it "quite insulting" when he is introduced as "the billionaire Richard Branson," rather than as the co-founder of Virgin Group, he tells CNBC Make It. "Maybe in America, 'billionaire' is a sign of success, but that rankles me," says Branson. "Your reputation is [whether] your team of people who work with you are proud of what they've created," Branson says. Financial success has often followed, but Branson is adamant that money has never been his chief motivating force.

Persons: Richard Branson doesn't, Richard Branson, Forbes —, they've, Branson, — Organizations: Virgin Group, CNBC, Branson, Virgin Atlantic, Virgin Mobile Locations: America, Branson, Vietnam

☆ Jeff Bezos isn't a fan of 'time blocking'—here's what he does instead to boost his productivity
▼ + stars: | 2024-04-24 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Jeff Bezos doesn't jam-pack his schedule or set strict time blocks for all his meetings. "I don't keep to a strict schedule," Bezos said, in an episode first released in December 2023. "My meetings often go longer than I plan for them to, because I believe in [mind] wandering." "When I sit down [in] a meeting, I don't know how long the meeting is going to take if we're trying to solve a problem," Bezos said. He added that "a lot of people feel like wandering is inefficient," but studies show that a divergent mind can actually boost a person's productivity, creativity and happiness.

Persons: Jeff Bezos, —, Forbes —, Lex Fridman, Bezos Organizations: Origin

☆ Meet the billionaire 'king of subprime car loans' whose company underwrote Trump's $175 million civil fraud bond
▼ + stars: | 2024-04-02 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Billionaire Don Hankey's company underwrote a $175 million appeal bond for Donald Trump. The 80-year-old oversees Hankey Group, which employs over 3,400 people and whose assets are worth around $22.5 billion, per Forbes. Axos Bank CEO Greg Garrabrants has previously donated around $50,000 to Republican campaigns since 2012, with $9,600 in support of Trump, according to Federal elections records. Related storiesHankey's net worth is estimated at $7.4 billion, according to Forbes — and it's nearly doubled within the last three years. The mansion ended up auctioning for less than half of its expected $500 million worth.

Persons: Don Hankey's, Donald Trump, Hankey, —, Don Hankey swooped, It's, that's, Trump, refinanced, Greg Garrabrants, Forbes —, Ford, Westlake, Niami, David Sucsy, Niami's, Allen J, Schaben, Getty Hankey, Debbie Hankey Organizations: Bel, Service, Hankey Group, Forbes, Hankey's, Specialty Insurance, Bloomberg, Axos Bank, Axos, Trump, Westlake Financial Services, Hankey Investment, Bel Air, Los Angeles Business Journal, University of Southern Locations: Southern California, Bel Air Los, Bel, University of Southern California, Malibu

☆ From million-dollar private boxes to carpooling on private jets, here's how billionaires are doing the Super Bowl
▼ + stars: | 2024-02-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

The Super Bowl has always been a draw for billionaires and powerful executives. Elon Musk and Rupert Murdoch at the Super Bowl on Sunday. For an extra $10,000 to $250,000, Carrega arranges in-suite meet-and-greets, pre-game huddles, and photo ops with former Super Bowl champions or commentators. Kevin Mazur/Getty ImagesWhen it comes to accommodations, Vegas is proving easier than many other Super Bowl destinations, Brown said. Charter service VistaJet , whose private flights cost between $14,000 and $25,000 an hour, recorded a 25% increase in flight bookings over last year’s Super Bowl.

Persons: —, Taylor Swift, Hunt, Denise York, Elon Musk, Rupert Murdoch, ’ Michael Rubin's, Josh Harris, Robert Kraft, Goldman Sachs, David Solomon, Caitlin O’Hara, ” Elisabeth Brown, Barnabas Carrega, they're, Brown, “ Price, ” Carrega, Carrega, ” Brown, ” She’s, Savage, Kevin Mazur, Wynn, Leona Qi, you’re, ” Qi, “, ” Organizations: Service, Business, Chiefs, 49ers, Forbes, Patriots, Reuters, “, Knightsbridge, Super, Vegas, Davos Locations: Las Vegas, Sin City, Las, Tampa , Florida, Vegas, “

☆ 6 longevity tips Charlie Munger believed in for a long and happy life
▼ + stars: | 2023-11-29 | by ( Kate Hull | ) www.businessinsider.com time to read: +4 min

Berkshire Hathaway vice chairman Charlie Munger has died at 99. Munger was known for his pragmatic life advice, including tips for longevity. AdvertisementCharlie Munger, vice chairman of Berkshire Hathaway and right-hand man to Warren Buffett, died Tuesday. To remain cheerful, Munger said that it's key to let go of negative emotions. Buffett also credited Munger with the success of Berkshire Hathaway, saying it was "built to Charlie's blueprint."

Persons: Charlie Munger, Munger, —, Berkshire Hathaway, Warren Buffett, Forbes —, Still, Warren Buffet, Buffett, Candy Organizations: Berkshire Hathaway, Service, Berkshire, CNBC, Harvard, Daily Locations: Omaha, Munger munched

☆ A New York supermarket billionaire said he wants to buy CNN and that he just wants $1 per year for it
▼ + stars: | 2023-06-09 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

New York supermarket billionaire John Catsimatidis said he wants to buy CNN, per the New York Post. "I'd go run the place tomorrow morning, and all I'd want is $1 per year and a piece of the upside," he said. Catsimatidis — an outspoken Trump supporter — has a net worth of $4.1 billion, per Forbes. Just two days after embattled CNN CEO Chris Licht stepped down from his role in the aftermath of a brutal profile of his leadership, a New York supermarket billionaire said he wants to buy CNN from its parent Warner Bros. That is the craziest thing in the world," Catsimatidis — an outspoken Trump supporter — told 77 WABC.

Persons: John Catsimatidis, Catsimatidis, Trump, —, Chris Licht, Sid Rosenberg, Catsimatidis —, Forbes —, Donald Trump's, Donald Trump Organizations: CNN, New York, Forbes, Morning, Warner Bros ., WABC, Wall Street Journal, Warner Bros Locations: York, New York, New York City

☆ These rich and famous people got burned by investing hundreds of millions in Elizabeth Holmes' Theranos
▼ + stars: | 2023-06-04 | by ( Ryan Hogg | Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Here are some who got burned by Theranos, from the Walton family to Rupert Murdoch. Rupert Murdoch invested $125 million in Theranos. Julio Cortez/APThe DeVos familyThe DeVos family, who are heirs to the Amway empire and includes former US Secretary of Education Betsy DeVos, poured $100 million into Theranos. Joshua Roberts/ReutersThe Cox familyTheranos also got $100 million from the Atlanta-based billionaire Cox family, which owns the media and automotive company Cox Enterprises. The Cox family was the eight-wealthiest in the US as of 2020, with a net worth of $34.5 billion at the time, according to Forbes.

Persons: Elizabeth Holmes, Theranos, Walton, Rupert Murdoch, Holmes, Ramesh, Sunny, Balwani, Forbes —, Murdoch, Julio Cortez, Betsy DeVos, they're, Joshua Roberts, Cox, Carlos Slim Carlos Slim, América, Andreas Dracopoulos, Stavros Niarchos, Robert Kraft, It's, Kraft, Tom Brady, Matt Slocum, Alan Eisenman Alan Eisenman, Eisenman Organizations: Morning, Wall Street, Walmart, Forbes, Rupert Murdoch Media, Street, Amway, Cox Enterprises, Stavros Niarchos Foundation, Robert Kraft New England Patriots, Bloomberg, New England Patriots, CBS Locations: Theranos, Atlanta, Latin America, Mexico, FTX

☆ Tim Cook uses a 1-sentence mantra to process criticism—without it, he 'wouldn't be able to function'
▼ + stars: | 2023-04-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When Cook took the helm of the tech giant in August 2011, he faced widespread skepticism that he could effectively fill Steve Jobs' shoes, he recently told GQ. The criticism didn't stop there — Cook has since faced backlash for his pay package, Apple's return to work policy and his idea of innovation. Cook even faced criticism from Jobs himself, according to Walter Isaacson's 2011 biography "Steve Jobs." Cook himself has a net worth of $1.9 billion, according to Forbes — much of that due to Apple's financial success. I think he was a once-in-a-hundred-years kind of individual, an original by any stretch of the imagination," Cook told GQ.

☆ The world’s most decorated skier won $1 million in prize money this year—why she plans to invest like Warren Buffett
▼ + stars: | 2023-03-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Instead, she patterns her money strategy after Warren Buffett. "I'm not necessarily playing the market on a daily basis, but I come from a Warren Buffett strategy. Instead, buy stock if you believe in the company, and don't be afraid to buy more when the price falls or sell when it's high. The best part about the tactic: It alleviates some of the pressure of trying to predict the stock market, Buffett noted. "Buy stock in several companies that make products [and] services that you believe in.

☆ An A.I. chatbot asked Bill Gates what he wishes he could tell his younger self — here’s what he said
▼ + stars: | 2023-03-12 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Recently, the billionaire Microsoft co-founder sat down with U.K. Prime Minister Rishi Sunak as the two answered questions generated by an AI chatbot. In past interviews, Gates has also said he'd tell his younger self to "read a lot" and "explore the developing world" as a traveler. "I never asked [Microsoft employees] to work any harder, or be tougher on their mistakes, than I was on myself," Gates told the "Armchair Expert" podcast in 2020. Eventually, Gates had to learn to lighten up, he told Sunak — especially as Microsoft grew. "For the small, early Microsoft group, that was OK," Gates said.

☆ One of China's biggest retailers is cutting executive pay to create a fund to help lower-level employees buy homes
▼ + stars: | 2022-11-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

The e-commerce titan will allocate $1.4 billion to help rank-and-file employees buy homes. The move comes amid China's "common prosperity" campaign to reduce economic inequality in the country. The billionaire's philanthropy is part of China's "common prosperity" campaign to close the income gap and bolster social equality in the country. He brought up the slogan "common prosperity" multiple times in his opening speech, Insider reported. ByteDance founder Zhang Yiming donated 500 million yuan, or $77.3 million, in June of 2021 to Fangmei Education Development Fund, named after Zhang's grandmothers in his hometown of southeastern Longyan city.

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