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☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

☆ The tech CEO who quietly built a bigger fortune than Tim Cook
▼ + stars: | 2024-03-04 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Former Snowflake CEO Frank Slootman has achieved vast wealth as a non-founding tech exec. Bloomberg pegs his net worth at $3.7 billion — higher than both Tim Cook and Satya Nadella. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe wildly successful and outspoken tech executive who just stepped down as CEO of Snowflake may not be as well-known as Apple's Tim Cook or Microsoft's Satya Nadella — but he's wealthier than both.

Persons: Frank Slootman, Tim Cook, Satya Nadella, He's, —, Nadella, Cook, Slootman, Snowflake, Peter Thiel, Elon Musk, Palmer, Katie Warren, Sridhar Ramaswamy Organizations: Snowflake, Bloomberg, Service, ServiceNow Inc, Data, Google Locations: Netherlands

☆ Meet the Ambanis, who live in a $1 billion skyscraper and mingle with royals and Bollywood stars
▼ + stars: | 2024-03-01 | by ( Katie Warren | Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Mukesh Ambani is worth $111 billion, according to the Bloomberg Billionaires Index. The Ambanis live in a 27-story skyscraper in Mumbai thought to have cost $1 billion to construct. The Ambanis made headlines in 2018 for throwing one of the most lavish wedding celebrations ever for Isha Ambani and Anand Piramal. This week the family is staging an extravagant 3-day pre-wedding celebration for Anant, Mukesh Ambani's youngest son. The Ambani family home in Mumbai is a 27-story skyscraper that cost an estimated $1 billion to build.

Persons: Mukesh Ambani, —, Anant, Isha Ambani, Anand Piramal, Priyanka Chopra, Nick Jonas, Hillary Clinton, Arianna Huffington, Mukesh Ambani's, Bill Gates, Mark Zuckerberg, Rihanna, Sundar Pichai, Jay Y, Lee, Ambani Organizations: Bloomberg, Reliance Industries, Service, Tech, Guardian, Reuters, Samsung Electronics, The Locations: Mumbai, India, Gujarat, The Times

☆ Chaos in the Hamptons: Tracy Anderson devotees gripe about $5,500 mats, $90 classes, and power struggles among 'queen bees'
▼ + stars: | 2023-08-09 | by ( Katie Warren | ) www.businessinsider.com time to read: +8 min

"You can't just work out; you can't just enjoy it," another former Hamptons trainer added. Several pointed out that TA's longtime Hamptons studio manager left just before the summer season, and a current Hamptons trainer said the manager hadn't been replaced. One person who attends drop-in Hamptons classes said she tried to get into classes for weeks but couldn't get off the waiting list. Katia Pryce, the founder of DanceBody in NYC, worked as a TA trainer more than 10 years ago. A-listers such as Paltrow and Robert Downey Jr. have had TA trainers come to their Hamptons homes for private sessions.

Persons: Tracy Anderson, Michael Rubin's, —, Anderson, Anna Kaiser, Dani Levi, they're, Anderson didn't, Neil Rasmus, BFA.com, nonmembers, nonmember, hadn't, Nonmembers, couldn't, Katia Pryce, Pryce, Gwyneth Paltrow, Madonna, She's, Megan Roup, Roup, Tracy Anderson's, Rachel Murray, Paltrow, Robert Downey Jr, Elisa Arcaya, they'd, Arianna Siegel, Levi, Irene Nederlof, Claudia Saez, Fromm, she'd Organizations: White Party, Hamptons, TA, Hampton, Getty Locations: Southampton, Sag, Tribeca, Water, California, Madrid, NYC, New York, Manhattan, Los Angeles, Amsterdam, New York City, London, Miami

☆ Brandon Charnas, the husband of Something Navy's Arielle Charnas, isn't cooperating with an investigation into 'possible insider trading': SEC
▼ + stars: | 2023-07-25 | by ( Rebecca Cohen | Katie Warren | ) www.businessinsider.com time to read: +3 min

Brandon Charnas isn't cooperating with a "possible insider trading violations" probe, the SEC said. Charnas, the husband of Something Navy's Arielle Charnas, bought Office Depot stock in 2021. Charnas made stock trades before an announcement that Staples wanted to acquire Office Depot, the SEC said in its statement. The SEC said Charnas hasn't cooperated with the probe, "improperly asserted" his Fifth Amendment right, and refused to turn over documents. In December, an Insider investigation found that Arielle Charnas' company was struggling to stay afloat amid an employee exodus, lackluster sales, and delayed payments to factories and models.

Persons: Brandon Charnas, Charnas, SEC hasn't, Something, Arielle, Staples, Brandon Charnas didn't, didn't, Charnas hasn't, it's, Matt Scanlan Organizations: SEC, Service, Something Navy Locations: Wall, Silicon

☆ A visit to Amangani last summer — one of the top luxury resorts in Jackson Hole, Wyoming — quickly showed me why it's such a hotspot for wealthy travelers
▼ + stars: | 2023-07-14 | by ( Katie Warren | ) www.businessinsider.com time to read: +1 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementTucked away in the mountains with sweeping views of the Tetons, luxury resort Amangani includes 40 suites that start at $975 per night and go up to $2,100 per night. The Jackson Hole, Wyoming, resort is part of global luxury chain Aman Resorts, which is beloved by celebrities and ultra-wealthy. Last summer, I visited Jackson Hole, which has become a ritzy resort town, and got an exclusive tour of Amangani.

Persons: —, Stuart Lang, Jackson, Amangani Organizations: Service, Rolls Royce, Aman Locations: , Wyoming

☆ Something Navy's CEO is out as Arielle Charnas' company stops producing clothing, closes stores, and explores a sale
▼ + stars: | 2023-06-29 | by ( Katie Warren | ) www.businessinsider.com time to read: +13 min

Its CEO is leaving the company, most employees have either quit or been laid off, and production of new clothing is on hold, several people told Insider. Several people told Insider last year that Charnas was furious with Scanlan for keeping her in the dark about the company's struggles. Arielle Charnas recently said on Instagram that "a lot of changes had to be made" at Something Navy. (The company's founder told Insider that Package Free finally paid them this week after dodging them for a year.) Scanlan's spokesperson told Insider that a sale of Something Navy was on the horizon.

Persons: Charnas, Matt Scanlan, Scanlan, Bradstreet, Arielle Charnas, Monica Schipper, who's, Matt, he's, Darian DiCianno, Charnas hasn't, they'd, Brandon, he'd, Eugene Gologursky, Silas Chou, Jenny Fleiss, Ivory Ella, They're, Betty Wang, cofounding Naadam, Blue, Thakoon's, Laura Cook, Michael Yeager, Elisa Giorgi, Bailey Miller, Scanlan's Organizations: Navy, Associates, Something Navy, company's, Saks Fifth, Hamptons, Naadam, Los, Nordstrom, United, Blue, & $ Locations: Jersey, Charnas, India, Hong Kong, Los Angeles, New, Newport Beach , California, Its New Jersey, stiffing

☆ Meet the billionaire family behind Tyson Foods, the beef, pork, and chicken juggernaut whose heir apparent has battled legal troubles
▼ + stars: | 2023-05-10 | by ( Dominick Reuter | Katie Warren | ) www.businessinsider.com time to read: +1 min

Tyson Foods owns brands including Jimmy Dean and Hillshire Farm, producing roughly 20% of America's beef, chicken, and pork. The Arkansas-based company made $53.6 billion in sales last year and has been family-run for generations. Chairman John H. Tyson and his family are worth $2.3 billion, making the Tysons one of the country's wealthiest families. The company has been family-run ever since it was founded in 1931, with chairman John H. Tyson — grandson of founder John W. Tyson — and his relatives controlling a majority of the company's stock. Here's a look at the massive beef, pork, and poultry company and the billionaire family behind it.

☆ Tesla's price cuts highlight Elon Musk's last advantage in the EV business
▼ + stars: | 2023-04-23 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Teslas are cheaper than everA Tesla Model Y. Patrick Pleul/Getty ImagesIn the market for a new car? Elon Musk's hoping that recent price cuts might turn you on to a Tesla. The billionaire might just be turning to his one remaining advantage in the EV business. But Tesla can cut prices and still deliver profits, something rival automakers struggle to do in their EV businesses. While Tesla investors are worrying about profits, Musk's rivals have their own reasons to be concerned, Stephen Beck, founder and managing partner of consultancy cg42, told Insider.

Bernard Arnault is the world's richest man, with a net worth of $212 billion. Arnault controls the massive luxury conglomerate LVMH Moët Hennessy Louis Vuitton. All of Arnault's children work at LVMH brands, including Louis Vuitton, Berluti, and TAG Heuer. Along the way, Arnault has brought his five adult children into the fold, building a family-run business that has resulted in the world's largest fortune. Here's how Arnault got his start and became the richest person in the world.

☆ The owner of Coachella was once dubbed 'America's most reclusive billionaire.' Meet Philip Anschutz, who's worth $10.9 billion.
▼ + stars: | 2023-04-21 | by ( Katie Warren | Elana Klein | ) www.businessinsider.com time to read: +1 min

American businessman Philip Anschutz is worth $10.9 billion, according to Forbes, after decades building his fortune across multiple industries. Shaun Clark/Getty ImagesCoachella Valley Music and Arts Festival, the music festival currently underway in Indio, California, is owned by Anschutz, an 83-year-old billionaire businessman whom The New Yorker once called "the man who owns LA." He owns Coachella through his company, the Anschutz Corporation, and one of its subsidiaries, Anschutz Entertainment Group (AEG). AEG owns several athletic teams, operates more than 90 clubs and theaters around the world, and produces or supports more than 25 music festivals. Take a look at how the billionaire makes and spends his fortune.

☆ Netflix says technical glitch that torpedoed the 'Love is Blind' live reunion was from a bug accidentally introduced after Chris Rock's comedy special
▼ + stars: | 2023-04-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Netflix co-CEO said a bug caused the technical glitch that hit the live "Love is Blind" reunion live special on Sunday. About 6.5 million viewers have watched the "Love Is Blind" special so far, Peters added on Tuesday. The delay of the "Love is Blind" special angered fans who hit out at the streaming service for the mishap. It added 1.75 million streaming subscribers in the January to March quarter — short of analyst estimates of 2.06 million additions, per Refinitiv. The streaming service plans to roll out its unpopular paid account sharing across households this quarter, it said in its letter to shareholders on Tuesday.

☆ 'Love Is Blind' is hell on earth: Contestants say producers deprived them of food and sleep, preyed on their anxieties, and refused to let them quit
▼ + stars: | 2023-04-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

After the 10 days, cast members must decide whether they want to get engaged to another contestant sight unseen — or go home. The season-two contestant Nick Thompson said "Love Is Blind" didn't adequately support its cast members — during or after filming. Many cast members believed "Love Is Blind" would be a cut above other reality shows. The first evening in Cancún, producers told Ruhl she couldn't attend a party for all the newly engaged couples because they thought she might have COVID-19. In a later episode he again became infuriated and threatened to leave when Reed came home late from clubbing with other cast members.

☆ Bernard Arnault just took the Number 1 spot on Forbes' annual billionaires list for the first time. Here's how he built LVMH into a luxury goods empire and became the richest person in the world.
▼ + stars: | 2023-04-04 | by ( Katie Warren | Avery Hartmans | Sarah Jackson | ) www.businessinsider.com time to read: 1 min

Now, a banner year at LVMH has propelled Arnault to the No. 1 spot on Forbes' annual ranking of the world's richest people for the first time, surpassing Elon Musk and Jeff Bezos along the way. Arnault's net worth is currently $211 billion, up $53 billion in the past 12 months for the biggest gain of any billionaire on the list this year. ERIC PIERMONT/AFP/Getty ImagesSource: ForbesMarissa Perino contributed reporting. Taylor Nicole Rogers contributed to an earlier version of this story.

☆ Tracy Anderson's ex-trainers said their bodies were 'breaking apart' while working for the fitness icon
▼ + stars: | 2023-02-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +4 min

Tracy Anderson charges members $900 a month to workout at her studios in LA and New York. Her former trainers said teaching in the 95-degree studios for at least four hours a day could be grueling. Members in the US pay $900 a month to learn the "Tracy Anderson Method," a dance-based workout in a room heated to 95 degrees with 75% humidity. That all sounds cool, and it also sounds like you're going to get paid pretty well," one former New York trainer said. Another former trainer said her body "was just breaking apart," adding that she quit because of the physical demands of the job.

☆ Inside Tracy Anderson's cutthroat fitness empire: Legal threats, paranoia, and trainers who say their bodies were 'breaking apart'
▼ + stars: | 2023-02-16 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

One day around 2015, a dozen or so gift boxes showed up at the Brentwood, California, studio of the celebrity fitness trainer Tracy Anderson. "It was an exclusive boutique fitness studio," the former New York trainer said. Darren Gerrish/WireImageThe method demanded that TA trainers, most of whom were also professional dancers, perform the strenuous workouts full out, every time. Let's help you do it correctly so you don't get injured,'" the former New York trainer said. "This is at a time where everyone is already overworked," one of the former New York trainers said.

☆ Buzzy clothing brand Something Navy owed an Indian supplier $364,000 — and didn't pay the full balance until we started reporting on it
▼ + stars: | 2022-12-10 | by ( Katie Warren | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

It only paid one supplier in full right after Insider started reporting a story about delayed payments. According to Warren's correspondence with the supplier, Something Navy paid the remaining $20,000 it owed on Tuesday, just days before Insider's story was published. Murarka finally received the payment in full around the same time the other supplier received his payment, Insider reported. Former Something Navy told Insider that they've been caught in a flood of emails since the spring from suppliers asking about late payments. A Something Navy representative claimed that all outstanding payments referenced in Insider's story were made before Insider provided the company with fact-checks last week.

☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
▼ + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com time to read: +36 min

From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.

Here's how to file for unemployment insurance benefits, whether you're laid off, furloughed, or your hours are severely reduced. Here's how to file for unemployment insurance benefits, whether you're laid off, furloughed, or have had your hours severely reduced. Fill out an application through your state's unemployment websiteYou should apply for unemployment insurance as soon as you're no longer working. Depending on the state, unemployment insurance claims can be filed in person, on the phone, or online. "Start with your state's unemployment insurance benefits site.

☆ Man gets death for killing Texas agency’s first Sikh deputy
▼ + stars: | 2022-10-27 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

HOUSTON — A man was sentenced to death Wednesday for the fatal 2019 shooting of a law enforcement officer who was the first Sikh deputy in his Texas agency. A Harris County jury deliberated for about 35 minutes before returning the death sentence for Robert Solis, 50, after convicting him of capital murder on Oct. 17 in Harris County Sheriff’s Deputy Sandeep Dhaliwal’s killing. That makes him the worst of the worst, which is why we asked jurors to sentence him to death,” Harris County District Attorney Kim Ogg said in a statement. Harris County Sheriff's Deputy Sandeep Dhaliwal, center, grieves at a memorial for Deputy Darren Goforth in Houston in 2015. “Deputy Dhaliwal was a pillar of this community, and when it came to law enforcement, he set the bar,” Warren said.

☆ Donald Trump is worth billions — here's how the former president has spent his cash
▼ + stars: | 2022-09-24 | by ( Sam Tabahriti | Ryan Hogg | ) www.businessinsider.com time to read: +1 min

Donald Trump was the first billionaire to enter the White House when he became the 45th President. Forbes estimates he is worth $3 billion, with a property empire including Mar-a-Lago in Florida. Donald Trump went from real-estate magnate to reality-TV star to being elected the 45th president of the United States. Worth $3 billion, according to a Forbes tally of all the assets Trump owns, he is the first billionaire to enter the White House. Letitia James said Trump "falsely inflated his net worth by billions of dollars" and "repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization."

In March 2019, Forbes dubbed then 21-year-old Kylie Jenner the world's youngest "self-made" billionaire. The magazine later admitted Jenner had exaggerated the size of her business and pegged her true net worth at $600 million. Here's how Jenner has made her millions, from Kylie Cosmetics to TV appearances to product endorsements. Kylie Jenner, the ever controversial reality star, is 25 years old. Forbes previously declared Jenner the world's youngest "self-made" billionaire at age 21, thanks to her makeup company, Kylie Cosmetics.

☆ WeWork cofounder Adam Neumann is back on the billionaires list. Here's how the ousted CEO has spent his fortune, from real estate to start ups.
▼ + stars: | 2022-08-17 | by ( Katie Warren | Britney Nguyen | ) www.businessinsider.com time to read: 1 min

Adam Neumann (left) with spouse Rebekah Neumann (right). Theo Wargo/Getty ImagesOne of the first businesses Neumann started was Krawlers, which sold baby clothes with knee pads. "At the time, I was misguided and putting my energy into all the wrong places," Neumann told Business Insider in 2016. After Neumann met his wife Rebekah, they lived in an East Village studio, an "apartment smaller than this office," Neumann told Business Insider. Neumann would go on to set his sights on bigger and better real estate once WeWork became successful.

☆ Bernard Arnault briefly unseated Elon Musk as the world's richest person. Here's how the LVMH chief exec created a luxury goods empire and amassed a $184.7 billion fortune.
▼ + stars: | 2021-04-27 | by ( Katie Warren | Avery Hartmans | ) www.businessinsider.com time to read: +2 min

Bernard Arnault surpassed Elon Musk as the world's richest person on Dec. 7 , according to Forbes, though the No. , according to Forbes, Arnault controls the massive luxury conglomerate LVMH Moët Hennessy - Louis Vuitton. Four of Arnault's children work at LVMH brands, including Louis Vuitton, Berluti, and TAG Heuer. Along the way, Arnault has brought four of his five adult children into the fold, building a family-run company that has resulted in the world's largest fortune. Here's how Arnault got his start and became one of the two richest people in the world.

☆ Meet Philip Anschutz, Coachella's billionaire owner who has built a $10.9 billion fortune.
▼ + stars: | 2020-03-11 | by ( Katie Warren | ) www.businessinsider.com time to read: +1 min

Philip Anschutz is an American businessman who's worth an estimated $10.9 billion, according to Forbes. Shaun Clark/Getty ImagesCoachella is owned by an 83-year-old billionaire businessman who's been called "the man who owns LA." Despite living in Colorado, Philip Anschutz is deeply embedded in California's largest city. Anschutz also owns the Los Angeles Kings hockey team and one-third of the Los Angeles Lakers basketball team, as well as both teams' home arena: Staples Center. Take a look at how the billionaire makes and spends his fortune.

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