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Volvo may be selling electric-only cars by 2030, its CEO said
  + stars: | 2020-12-03 | by ( Caterina Dassie | ) www.businessinsider.com sentiment -0.98   time to read: +2 min
Volvo may have switched to solely producing electric vehicles by 2030, said CEO Hakan Samuelsson at the FT Future of the Car Summit on Thursday. Volvo forecasts that one in five of its sales will be electric vehicles this year, and half of all sales to be electric vehicles by 2025. Swedish automaker Volvo may have switched to selling fully electric vehicles by 2030, its CEO Hakan Samuelsson said at the Financial Times Future of the Car Summit today. "I would be surprised if we wouldn't deliver only electric cars from 2030," said Samuelsson is reported as saying. "The way forward would be to have clear rules on when we need to exit the combustion engine," Samuelsson is reported as saying.
Persons: Hakan Samuelsson, Samuelsson, carmaker hasn't, Boris Johnson Organizations: Volvo, FT, Financial Times, Forbes, Nikkei Locations: Swedish, Japan
NetJets and Brooks Running, both owned by Warren Buffett's Berkshire Hathaway, are among the few companies benefiting from the pandemic. "We've got so much support from Warren and Greg Abel and everyone at Berkshire to build this brand," Brooks CEO Jim Weber said in a Cheddar interview. Warren Buffett's Berkshire Hathaway has been hit hard by the pandemic, but at least two of its businesses are flying down the track. The famed investor's company owns NetJets, which sells fractional ownership in private jets, and Brooks Running, a sportswear retailer. "We're playing for the long haul here and it's great to have Berkshire Hathaway's support," Weber added.
Persons: Brooks, Warren Buffett's Berkshire Hathaway, We've, Greg Abel, Jim Weber, NetJets, Read, Adam Schwartz, Warren, Berkshire Hathaway, Patrick Gallagher, Forbes, Weber, we've, Abel, Buffett, Rich Santulli, Santulli Organizations: Warren, JPMorgan, Wells Fargo, Reuters, Nasdaq, VIX Berkshire, Executive Jet Aviation, Russell Athletics Locations: Warren, Berkshire, NetJets
Business Insider spoke with three other Gen Z consulting founders about their firms. "I'd label our generation the 'purpose generation,'" Michael Pankowski, a student at Harvard University and the founder of the Gen Z consulting firm Crimson Connection, told Business Insider. 'Gen Zers are the defiant ones'Neal Sivadas, 20, has been a marketing consultant for the Gen Z firm JUV Consulting since August. 'We see so many ads every day, we've become immune to them'Larry Milstein, the 25-year-old cofounder of the Gen Z consulting firm PRZM, echoed many of Sivadas' sentiments. He added: "Understanding Gen Z is a full-time job, and the little details make a huge difference.
Persons: Gen Z, Zers, Larry Milstein, PRZM, Zers aren't, Milstein, Michael Pankowski, Pankowski, Millennials, Gen Zers, Gounari, Erifili, Forbes, Blake Morgan, Neal Sivadas, Sivadas, we've, cofounders Liz Toney, Tré Vayne, Grey, LUCY LONDON MCDONALD, they'll Organizations: Forbes, Business, Harvard University, Crimson, Harvard, Bank of America Research, Companies, University of Glasgow, JUV Consulting, Google, Fortune, Verizon, Brands Locations: Rockville , Maryland, New York, Chicago, Boston, millennials, Athens, Greece, inauthenticity
"I have a very definite routine," McCartney explained on the podcast. The musician regularly practices yoga with a group of friends, including actor Alec Baldwin, that he calls "The Yoga Boys," he said. Yoga and meditation have been part of McCartney's routine since his Beatles days. Today, Transcendental Meditation is a proprietary practice taught by certified teachers. Hedge fund billionaire Ray Dalio took up Transcendental Meditation after hearing about the benefits from The Beatles.
Persons: Paul McCartney, McCartney, Jason Bateman, Sean Hayes, Will Arnett, McCartney's, Alec Baldwin, Baldwin, George Harrison's, Patti Harrison, Maharishi Mahesh Yogi, I'm, Ray Dalio, Oprah Winfrey, Linda McCartney, Bill Gates Organizations: Beatles, Forbes, CNBC, Maharishi, Wired Locations: Indian
Rapper Travis Scott earned an estimated $20 million through his deal with McDonald's this year, according to Forbes. As part of the deal, McDonald's sold a Travis Scott Meal — a Quarter Pounder, fries, and a Sprite — which became such a hit that the fast-food chain started running out of burger ingredients. According to Forbes, Scott earned $20 million through a deal with Epic Games and pockets $10 million annually through a Nike partnership. The Travis Scott Meal — despite not adding anything new to the McDonald's menu — became so popular that some locations began running out of burger ingredients. Representatives for Travis Scott did not immediately respond to a request for comment.
Persons: Travis Scott, Scott, Forbes, McDonald's, Travis Scott's, Jack, Read, McDonald's Travis Scott, Michael Jordan's, Cactus Jack, General Mills Organizations: Forbes, Epic, Nike, Visit, McDonald's, Cactus, Epic Games, PlayStation Locations: California
Spokespeople for Smith, Sheth and Vista declined to comment on the record for this story. Sheth introduced Paul to Smith when Smith moved to Austin from Switzerland in 2012, a second person said. In 2012 a lawyer for World Class signed documents to create a company called RA Finance Partners LLC. It listed Paul, Smith, and Sheth as managing members, records kept by the Texas Secretary of State showed. Later that year, according to a document that Paul signed, World Class Real Estate LLC became RA Finance's registered agent.
Persons: Robert Smith, — Austin, Nate Paul —, Paul, Ken Paxton, Paxton, Nate Paul, Brian Sheth, Smith, Sheth —, , Spokespeople, Tom Watkins, Blackwell, Michael Wynne, didn't, Sheth, Nate, Forbes, Austin, He's, Harwood, Lanyon, Daniel Strachman, Strachman, It's, couldn't, waitstaff, Robert Smith's Organizations: Vista Equity Partners, Visit, FBI, Austin, Vista, Capital, Business, Forbes, Texas, World, Partners, State, Austin American, Statesman, Class, Active Networks, Investment, SEC, ADV, New York Times Locations: Texas, Sonoma , California, France, Colorado, Vista, Austin, Switzerland, Sheth, Rio, Dallas
In 1985, Ivan Boesky reportedly told the graduates of the Haas School of Business at the University of California, Berkeley that greed was "healthy." Legend has it the sentiment and Boesky himself inspired the iconic character Gordon Gekko in the 1987 movie "Wall Street." Today, Boesky's name may no longer be synonymous with Wall Street millions or corporate greed. But in the early 1980s, Boesky was an investment banking titan who made hundreds of millions of dollars betting on corporate takeovers. Boesky reportedly became the highest-paid trader on Wall Street in 1985, according to the Associated Press.
Persons: Ivan Boesky, Boesky, Gordon Gekko, John Gotti, Rudy Giuliani, Donald Trump, Bethany McLean, Jeff Madrick, Seema Silberstein, Ivan F, Yves GELLIE, Ronald Reagan, CNBC's Andrew Ross Sorkin, Madrick, Martin Siegel, Siegel, Dennis Levine, Drexel Burnham Lambert, Misha Erwitt, Michael Milken, Ivan, Terrible Organizations: Haas School of Business, University of California, CNBC, Apple, Wall, York City's Harvard Club, Ivy League, Boesky, Company, Associated Press, Forbes, New York Times, Getty, Revlon, Cities Services, Peabody & Co, SEC, Wall Street, New York Daily Locations: Berkeley, New York, York, Detroit, Manhattan, Westchester County, New
GOP Rep. Denver Riggleman slammed President Donald Trump and congressional Republicans in a recent interview with Forbes, saying that the party's refusal to acknowledge President-elect Joe Biden's win is a "massive grift." "They're worried about committee assignments, they're worried about the team," Riggleman said of Republicans who are standing with the president. GOP Rep. Denver Riggleman of Virginia slammed President Donald Trump and congressional Republicans in a recent interview with Forbes, calling the party's large-scale refusal to acknowledge President-elect Joe Biden's victory a "massive grift" and saying that Trump has "never served anything but himself." "They're worried about committee assignments, they're worried about the team," Riggleman said of Republicans who are standing with the president. Trump, Riggleman said, can "cost them their careers" and for many members, "the career is more important than the facts, it's that simple."
Persons: Denver Riggleman, Donald Trump, Forbes, Joe Biden's, they're, Riggleman, Trump, They're, Joe Biden, Kamala Harris, Emily Murphy, Biden, Murphy, Harris, Tom Malinowski, Bob Good, Cameron Webb, I'm Organizations: Rep, Denver, Republicans, Congressional, GOP, General Services Administration, GSA, Biden, Forbes, Electoral, Trump, Democratic Rep, Liberty University Athletic, Good, Democratic, Press, Republican Locations: Virginia's, Virginia, New Jersey
Dena Roché is a wine consultant and founder of Vin Roché, a private wine services business based in Phoenix, Arizona. Moving from travel journalist to a private wine educator might seem like a stretch, but there are a lot of similarities. While all of our services are customized, wine dinners generally start at $250 and wine tastings are dependent on the cost of the wine. Now, I'm working to create relationships with boutique wineries in various wine regions to get ready to be able to offer VIP wine travel experiences. In my case that is offering Vin Roché wine vacations, and continuing to write with a focus on wine travel and wine.
Persons: Dena Roché, Vin Roché, Roché, I'd, I'm, Dena Roche Kristin Heggli, it's, Sommeliers, Read, Dena Roché TKTKTKT Kristin Heggli, It's, William Turner, Sebastien Noel of, Vin Organizations: aha, BBC, Forbes Locations: Phoenix , Arizona, California, Phoenix , New York, Miami, United
Data privacy researcher Wolfie Christl said it "turns Microsoft 365 into an full-fledged workplace surveillance tool." The tool, called Productivity Score, was first announced by the company in October and launched on November 17. The system then assigns an organization a "productivity score" out of 800 over a 28-day period, which they can compare to scores from other companies in their industry. Microsoft says Productivity Score is not a surveillance tool. "Productivity score is an opt-in experience that gives IT administrators insights about technology and infrastructure usage," a Microsoft spokesperson told Business Insider.
Persons: Wolfie Christl, they've, Christl, Bennett Cyphers, Forbes, Jared Spataro Organizations: Microsoft, Frontier Foundation, Gartner
Jason Momoa is best known in Hollywood for his roles in high-profile projects like "Game of Thrones," "Aquaman" and the upcoming "Dune" adaptation. Momoa started his career in 1999 when he landed a role on "Baywatch" after the show held an open casting call in Hawaii. "We were starving after 'Game of Thrones,'" he told InStyle. Momoa's "Game of Thrones" character was killed off in season one, before the show became a massive hit. After her second worldwide tour, The Monster Ball, which ran from 2009 to 2011, Lady Gaga found herself $3 million in debt.
Persons: Jason Momoa, Momoa, InStyle, Lisa Bonet, Lady Gaga, There's Organizations: Financial Times, Forbes, Justice, YouTube Locations: Hollywood, Hawaii
Amazon said Sidewalk uses WiFi from neighbors to create "a shared network that helps devices work better," but some raised privacy concerns. Amazon users are being automatically opted into Sidewalk, a feature that will connect Alexa devices to nearby WiFi networks, even those owned by someone else. Sidewalk uses Alexa devices, including Echo and Ring video doorbells, to create a "shared network" that will help "devices work better," Amazon said in an email to device owners. It allows nearby devices to use a portion of a neighbor's WiFi bandwidth, so that devices can have more range. We recently began emailing customers with Echo devices registered in the US to give them more information about Amazon Sidewalk.
Persons: Alan Woodward, Ian Thornton, Trump, Forbes, Thornton Organizations: Alexa, Surrey University, BBC News, Amazon, Twitter, Echo
But in Thailand, that's exactly what thousands of students — some as young as 10 — have been doing for the last four months. They were originally motivated by plans to change the strictly traditional Thai school culture — a common sign at protests reads: "Our first dictatorship is school." Thai King Maha Vajiralongkorn and Queen Suthida ride on a train during the inauguration of a subway station in Bangkok on Nov. 14. Download the NBC News app for breaking news and politics"The highest dream is to have change in society and change in social structure. Thai King Bhumibol Adulyadej sits with his family at a ceremony marking his 85th birthday at Ananta Samakhom Throne Hall in Bangkok in December 2012.
Persons: Lauren DeCicca, Akkarasorn Opilan, Ang, Prayuth Chan, ocha, Maha Vajiralongkorn, Suthida, Sunai, , Thais, Anon Nampa, Lillian Suwanrumpha, Panisa Khueanphet, Chiang, Thitinan Pongsudhirak, Thaksin Shinawatra, Duncan McCargo, McCargo, Bhumibol Adulyadej, Rama IX, Thai King Bhumibol Adulyadej, Bhumibol, Rama X, Patrick Smith, Nat Sumon Organizations: Getty, Sporting, Thai Lawyers for Human Rights, Senate, Royal Household Bureau, Reuters, Human Rights Watch, Human Rights, Covid, Anon, Education Ministry, UNICEF, United Nations, University, Chulalongkorn University, NBC, Anon Nampa, Nampa, Copenhagen University, Forbes, Royal Thai Air Force Locations: Thailand, Bangkok, Thai, AFP, Chiang Rai, Germany, London
From angel investing to co-founding two venture capital funds, Kutcher has built quite the lucrative investing career over the past decade. And from turning a $30 million fund into $250 million in six years to making early bets on Uber and Airbnb, he's built a successful and lucrative investing career. Kutcher told Grow (the blog of micro investing app Acorns, which he invested in) that he saved $1,400 for a snowmobile at age 13. Kutcher told The Telegraph in 2013 that he was particularly drawn to consumer technologies. "I spent 90% of my time just listening," Kutcher told him.
Persons: Ashton Kutcher, Kutcher, Ashton Kutcher's resumé, He's, Bani Sapra, he's, Jackie Lam, Kim Reynolds, Chris Pizzello, Zack O'Malley Greenburg, Marc Andreessen, O'Malley Greenburg, Ron Conway, Guy Oseary, Ron Burkle, Burkle, Marc Benioff, Eric Schmidt, Mark Cuban, Warby Parker, Oseary, Zakrzewski, O'Malley Greenburg they're, Lori Greiner, Greiner, Insider's Rich Feloni, I'm, Zoë Bernard Organizations: Business, Investments, Sound Ventures, University of Iowa, Los Angeles ., Los Angeles . Iowa Gov, Iowa, Kutcher, Associated Press, Katalyst, TechCrunch, Forbes, Skype, Microsoft, Uber, Spotify, Liberty Media, Wall Street, Shark, Chelsea, Netflix, Connect, QuickBooks Connect, Investors Locations: Hollywood, Silicon Valley, Bani, Iowa, Los Angeles, Los Angeles . Iowa, Utah, Silicon, microbreweries, QuickBooks
Camila Coelho, 32, is a content creator and entrepreneur known for her presence on YouTube and Instagram as well as her eponymous fashion line. In an interview with Business Insider, Coelho talks about her fashion line and her foray into the beauty industry. Let the 32-year-old Camila Coelho tell you that it's all true — and how she pulled off a new business launch in the coronavirus era. Coelho herself has been seen at the front row of top fashion shows including Celine and Christian Dior. She had plans to launch her beauty line, Elaluz, in March, but delayed it after first the pandemic and then social unrest swept the United States.
Persons: Camila Coelho, Coelho, YouTuber, Instagram, France's Emmanuelle Koffi, Flavia Laos Urbina, Steph Ahn, Aimee Song, Chiara Ferragni, Chriselle Lim, Celine, Christian Dior, She's, Diane von Furstenberg, Elaluz, Porter Organizations: YouTube, Business, Forbes, Saks Fifth Locations: United States
Gavin Newsom’s order restricting the number of people who can gather in a house of worship during the pandemic. There was no immediate response from Newsom, but the church has repeatedly challenged the state’s pandemic restriction orders in court. The news comes as hospitals around the country report being overwhelmed with cases, and the country braces for a possible post-Thanksgiving surge. ICU beds in the state are at 82% capacity, and 90% in metro areas, according to The Oregonian. Andrew Fox / Getty Images file The young, well-dressed finance minister was little known until recently, and only entered Parliament in 2015.
Persons: Louis, Kenneth Remy, Forbes, Nick Saban, Jimmy Robinson, Jeff Allen, , , Saban, Gavin Newsom’s, Newsom, Connie Engelland, Kan, Callaghan O'Hare, Dr, Robert Wyllie, Rishi Sunak, Andrew Fox Organizations: Louis ICU, Washington University Medical, Auburn, Tide, College Football, Saturday, U.S, Supreme, Rock Church, City News Service, Reuters, Cleveland Clinic Locations: Poland, Denmark, Netherlands, France, Wisconsin, Utah, Alabama, , Georgia, California, Los Angeles, Pasadena, Southern California, Hutchinson, U.S, Oklahoma, Ohio, Oregon, Britain, British, Stoke, Trent, England
“He has very mild symptoms, so this test will not be categorized as a potential false positive,” according to a joint statement from team physician Dr. Jimmy Robinson and head trainer Jeff Allen. Share this -Trump adviser Epshteyn tests positive for Covid-19 Trump adviser Boris Epshteyn tested positive for Covid-19, he said in a statement on Wednesday. That, according to the data, was the most deaths reported since July 28 when 2,217 were recorded. New York continues to lead all the states with 35,113 Covid-19 deaths, according to the NBC News tally. In the last seven days, Texas has reported 974 deaths while New York has logged 261, the data shows.
Persons: Mink, Forbes, Nick Saban, Jimmy Robinson, Jeff Allen, , , Saban, Gavin Newsom’s, Newsom, Connie Engelland, Kan, Callaghan O'Hare, Dr, Robert Wyllie, Rishi Sunak, Andrew Fox, Trump, Boris Epshteyn, Epshteyn, Rudy Giuliani, Giuliani, Andy Beshear Organizations: Auburn, Tide, College Football, Saturday, U.S, Supreme, Rock Church, City News Service, Reuters, Cleveland Clinic, Republican National Committee, Trump, NBC, , MSNBC, Texas, Lone Star Locations: Poland, Denmark, Netherlands, France, Wisconsin, Utah, Alabama, , Georgia, California, Los Angeles, Pasadena, Southern California, Hutchinson, U.S, Oklahoma, Ohio, Oregon, Britain, British, Stoke, Trent, England, United States, ” Kentucky, MSNBC . New York, Texas, New York
Mink farm in Poland detects Covid cases among the herd
  + stars: | 2020-11-25 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +8 min
SEE NEW POSTSMink farm in Poland detects Covid cases among the herd Covid-19 has been detected on a mink farm in northern Poland, the latest European country to report the virus in the animals prized for their fur, Forbes reported. Share this -Trump adviser Epshteyn tests positive for Covid-19 Trump adviser Boris Epshteyn tested positive for Covid-19, he said in a statement on Wednesday. That, according to the data, was the most deaths reported since July 28 when 2,217 were recorded. New York continues to lead all the states with 35,113 Covid-19 deaths, according to the NBC News tally. In the last seven days, Texas has reported 974 deaths while New York has logged 261, the data shows.
Persons: Mink, Forbes, Nick Saban, Jimmy Robinson, Jeff Allen, , , Saban, Gavin Newsom’s, Newsom, Connie Engelland, Kan, Callaghan O'Hare, Dr, Robert Wyllie, Rishi Sunak, Andrew Fox, Trump, Boris Epshteyn, Epshteyn, Rudy Giuliani, Giuliani, Andy Beshear, Eric McCoy Organizations: Auburn, Tide, College Football, Saturday, U.S, Supreme, Rock Church, City News Service, Reuters, Cleveland Clinic, Republican National Committee, Trump, NBC, , MSNBC, Texas, Lone Star, Defense Logistics Agency, DLA Locations: Poland, Denmark, Netherlands, France, Wisconsin, Utah, Alabama, , Georgia, California, Los Angeles, Pasadena, Southern California, Hutchinson, U.S, Oklahoma, Ohio, Oregon, Britain, British, Stoke, Trent, England, United States, ” Kentucky, MSNBC . New York, Texas, New York, Turkey, East, Europe, Africa, Korea, Japan, Qatar, Honduras
Global Covid cases tops 60 million
  + stars: | 2020-11-25 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +6 min
SEE NEW POSTSGlobal Covid cases tops 60 million The global number of Covid-19 cases is now more than 60 million and a fifth of them are in the United States, according to the Johns Hopkins University coronavirus dashboard. India, with 9.2 million cases, and Brazil, with 6.1 million cases, had the next highest amounts of reported infections. By contrast China, where the first Covid-19 cases were detected, has reported just 92,211 cases, according to the latest NBC News data. “He has very mild symptoms, so this test will not be categorized as a potential false positive,” according to a joint statement from team physician Dr. Jimmy Robinson and head trainer Jeff Allen. The news comes as hospitals around the country report being overwhelmed with cases, and the country braces for a possible post-Thanksgiving surge.
Persons: Louis, Kenneth Remy, Forbes, Nick Saban, Jimmy Robinson, Jeff Allen, , , Saban, Gavin Newsom’s, Newsom, Connie Engelland, Kan, Callaghan O'Hare, Dr, Robert Wyllie, Rishi Sunak, Andrew Fox Organizations: Johns Hopkins University, NBC, Louis ICU, Washington University Medical, Auburn, Tide, College Football, Saturday, U.S, Supreme, Rock Church, City News Service, Reuters, Cleveland Clinic Locations: United States, U.S, India, Brazil, China, Poland, Denmark, Netherlands, France, Wisconsin, Utah, Alabama, , Georgia, California, Los Angeles, Pasadena, Southern California, Hutchinson, Oklahoma, Ohio, Oregon, Britain, British, Stoke, Trent, England
How this mall operator is offering curbside delivery
  + stars: | 2020-11-25 | by ( ) www.cnbc.com + 1.00   time to read: 1 min
How this mall operator is offering curbside deliveryCNBC's Kelly Evans talks about the future of shopping malls with Nate Forbes, president and managing partner of the Forbes Company, a luxury shopping mall operator.
Persons: CNBC's Kelly Evans, Nate Forbes Organizations: Forbes Company
What's it like to travel internationally amid a pandemic?
  + stars: | 2020-11-25 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +5 min
“Retail workers experience heightened stress and pressure during the holiday season, even in normal times. India, with 9.2 million cases, and Brazil, with 6.1 million cases, had the next highest amounts of reported infections. By contrast China, where the first Covid-19 cases were detected, has reported just 92,211 cases, according to the latest NBC News data. The U.S. also leads the world in the number of Covid-19 deaths with more than 261,000, the NBC News data showed. Saban, 69 previously tested positive ahead of the Oct. 17 Georgia game, but didn’t have any symptoms.
Persons: ” Stuart Appelbaum, Louis, Kenneth Remy, Forbes, Nick Saban, Jimmy Robinson, Jeff Allen, , , Saban Organizations: NCAA, Baylor, Arizona, Wholesale, Department Store Union, “ Workers, Johns Hopkins University, NBC, Louis ICU, Washington University Medical, Auburn, Tide, College Football, Saturday Locations: United States, U.S, India, Brazil, China, Poland, Denmark, Netherlands, France, Wisconsin, Utah, Alabama, , Georgia
SEE NEW POSTSDozens of college basketball games scheduled for season opener cancelled over coronavirus At least 30 Division I men's basketball games scheduled to be played Wednesday, the day of the season's opener, have been either cancelled or postponed over coronavirus concerns. Wednesday, the first day of scheduled college basketball since the season was abruptly cancelled in March without the annual NCAA national championship tournament, was supposed to be a bevy of more than 100 games. “Retail workers experience heightened stress and pressure during the holiday season, even in normal times. India, with 9.2 million cases, and Brazil, with 6.1 million cases, had the next highest amounts of reported infections. By contrast China, where the first Covid-19 cases were detected, has reported just 92,211 cases, according to the latest NBC News data.
Persons: ” Stuart Appelbaum, Louis, Kenneth Remy, Forbes, Nick Saban, Jimmy Robinson, Jeff Allen, , , Saban, Gavin Newsom’s, Newsom Organizations: NCAA, Baylor, Arizona, Wholesale, Department Store Union, “ Workers, Johns Hopkins University, NBC, Louis ICU, Washington University Medical, Auburn, Tide, College Football, Saturday, U.S, Supreme, Rock Church, City News Service Locations: United States, U.S, India, Brazil, China, Poland, Denmark, Netherlands, France, Wisconsin, Utah, Alabama, , Georgia, California, Los Angeles, Pasadena, Southern California
Tesla CEO Elon Musk beat out Microsoft co-founder Bill Gates to become the second-richest person in the world on Tuesday. Musk's massive personal fortune comes mostly from owning 20 percent of Tesla and 54 percent of his space transportation company SpaceX. “I have a bunch of houses, but I don’t spend a lot of time in most of them," Musk told Rogan. Tesla hit a $500 billion market capitalization for the first time on Tuesday, and Musk's net worth has jumped nearly $20 billion in just the last week. Elon Musk currently makes nearly 2 million times as much as the average American household, while Jeff Bezos currently makes 2.6 million times as much, according to Bloomberg.
Persons: Elon Musk, Bill Gates, Trump, Joe Biden, , ” Musk, Joe Rogan, Forbes, , Musk, Rogan, ” Gates, Gates, Melinda, Jeff Bezos, Tesla, MacKenzie Scott Organizations: Microsoft, Bloomberg, SpaceX, Philanthropy, Amazon, Pew Research Center Locations: Gates, California, coronavirus, America, U.S, San Francisco
"The difference between people who achieve their dreams and those who don't is simple," according to Spanx founder and CEO Sara Blakely. "It's not about having a ton of brains or ton of money or a ton of experience," according to Blakely. I didn't have a ton of money, experience or knowledge of the industry. Indeed, Blakely started Spanx in 1998 with just $5,000 she had in savings from selling fax machines door-to-door. Without having any background in design, business or manufacturing, Blakely ultimately built Spanx into a billion-dollar brand.
Persons: Sara Blakely, Blakely, Neiman Marcus, Spanx, Marcus, Will, Guy Raz, Forbes, Don't Locations: Blakely, Spanx
London (CNN Business) A UK investment company with ties to Queen Elizabeth II is teaming up with an American rival that manages money for some members of the family behind Forbes Magazine. FWM Holdings, the parent company of the Forbes Family Trust , and Stanhope Capital, which advises the Queen on her £538 million ($718.7 million) private investment portfolio, announced plans to merge on Tuesday. Terms of the merger, which is expected to close in the first quarter of 2021, were not divulged. FWM Holdings oversees $11.2 billion in assets for more than 70 of the world's most affluent families, mostly in the United States. It owns the Forbes Family Trust, which was initially set up to manage the wealth of members of the Forbes family, whose fortune stems from the eponymous business magazine that Scotland-born B.C.
Persons: Queen Elizabeth II, Forbes, Daniel Pinto, Read Organizations: London, CNN, Forbes Magazine, FWM Holdings, Forbes Family Trust, Stanhope Capital, Family Trust Locations: American, United States
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