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☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

Take a page from the super-wealthy and successful by reading the books they wrote. Insider compiled a list of 30 books to help you learn how billionaires found success. The list includes "Shoe Dog" by Nike's Phil Knight and "Onward" by ex-Starbucks CEO Howard Schultz. Whether they want to launch an empire or become the best in their field, there's no better resource than books by people they aspire to be. Whether you or someone you know has set a goal to become a billionaire in the next year, these 30 books can provide some insight and lessons to what it's like to be at the top.

Share this -Link copied'It's too much for me': Zelenskyy begins speech by thanking U.S. Zelenskyy began his remarks before a joint meeting of Congress at 7:40 p.m. "I think we share the exact same vision, that of a free, independent and prosperous Ukraine," Biden said. The Ukrainian president added that the soldier told him that "many (of) his brothers, this system saved." President Joe Biden holds a medal presented to him by Ukrainian President Volodymyr Zelenskyy in the Oval Office. Share this -Link copiedPhoto: Zelenskyy shakes hands with Biden as he arrives President Joe Biden welcomes Ukrainian President Volodymyr Zelenskyy to the White House.

President Zelenskyy is an inspiring leader. He's expected to visit the White House before addressing a joint session of Congress at the Capitol. A group of soldiers who helped defend Bakhmut gave him a Ukrainian flag and asked him to get it to Congress — and the Ukrainian president promised to give it to Biden himself. We will pass it on from the boys to the Congress, to the president of the United States. We are grateful for their support, but it is not enough.” Share this -Link copied

☆ I charge $1,000 to help couples write their wedding vows. I've seen some magical and devastating moments.
▼ + stars: | 2022-12-21 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +8 min

Her pricing starts at $995 for a consultation and help from conception to delivery of the vows. I offer help with vow creation and delivery, officiant services, speeches and toasts, ceremony planning, and public speaking. I consult with couples on how to creatively and lovingly write their vows in their own wordsPushkine marrying Dan and James. One cute story involved a lovely couple who had identical vowsThey had the exact same memories and vows, almost word for word. Once I was hired to help a couple with their vows and marry themIt was lovely working with them.

☆ Bill Gates upbeat on climate innovation, even if 1.5C goal out of reach
▼ + stars: | 2022-12-20 | by ( Katy Daigle | ) www.reuters.com time to read: +4 min

The software-developer-turned-philanthropist was nevertheless upbeat about climate innovation - ticking off numerous areas advancing low-carbon technologies with funding from the Breakthrough Energy Group, which Gates founded in 2015. Gates has invested more than $2 billion toward climate technologies, including direct air capture, solar energy and nuclear fission. Breakthrough Energy, however, operates separately from the Gates Foundation charity. But any Breakthrough Energy profits are funneled back into the group or to the foundation. He did not elaborate on the DAC companies' plans.

☆ World leaders want to protect a third of the Earth's land and water to save wildlife from extinction. There's a climate connection, too.
▼ + stars: | 2022-12-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Nearly 200 countries agreed to protect 30% of Earth's land and water at a UN biodiversity meeting. The meeting, known as COP15, also underscored the link between nature and the climate crisis. Indigenous peoplesFor the first time, the biodiversity framework acknowledged the role of Indigenous people in protecting and restoring land and water. But world leaders didn't designate their land and territory as a separate category of conservation, which groups including Amnesty International and Greenpeace called for. Countries didn't achieve any of the targets to slow biodiversity loss by 2020 included in a previous framework, known as the Aichi targets.

☆ MacKenzie Scott unveils website detailing her $14 billion in donations – search to see where she's given in your neighborhood
▼ + stars: | 2022-12-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Billionaire MacKenzie Scott's Yield Giving website is now live. Yield Giving says it plans to offer an online application for organizations to apply for a donation. Yield Giving includes specifics on her $14 billion in donations to more than 1,600 organizations going back to 2019. On its homepage is an explanation of the name Yield Giving. Although she's considered one of the richest women in the world with a net worth over $20 billion, Scott has pledged to give away the majority of her fortune.

☆ Google cofounders Larry Page and Sergey Brin gave $438 million to charities through their foundations last year. Here's where the tech gurus' huge donations went.
▼ + stars: | 2022-12-14 | by ( Rob Price | Hugh Langley | ) www.businessinsider.com time to read: +8 min

In 2021, Google's cofounders, Larry Page and Sergey Brin, collectively gave away nearly half a billion dollars from their philanthropic foundations. 2 moguls, 2 different approaches to charitiesBrin's personal foundation, the Sergey Brin Family Foundation, disbursed roughly $250 million in both 2020 and 2021. The Sergey Brin Family Foundation lists three key officers. Brin's and Page's philanthropic donations, while extensive, represent a fraction of their net worths. Brin donates directly to the Sergey Brin Family Foundation, while Page's contributions to the Carl Victor Page Memorial Foundation are routed through a limited-liability company named Florida LLC.

☆ After selling $300 million start-up, Bill Spruill focuses family office on backing minority tech
▼ + stars: | 2022-12-13 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

That next step, launched just a few months after selling Global Data Consortium in April, is a family office called 2ndF. Unlike most family offices, 2ndF is not simply a vehicle for preserving and growing Spruill's family wealth. The angel investment side teams up with other investors to fund minority tech companies and in the area. Rising through the ranks of tech companies in the area, "no one looked like me at senior levels in these organizations." "If I do this right, I'm creating a pipeline of people who will go out and start their own companies," Spruill said.

☆ Larry Page, Sergey Brin Post-Google Lives: Investments, Yachts, Islands
▼ + stars: | 2022-12-11 | by ( Hugh Langley | Rob Price | ) www.businessinsider.com time to read: +33 min

Even before their retirement from Google, Page and Brin relied heavily on their respective family offices to bring order to their worlds. The Bay Area headquarters of Koop, Larry Page's family office, is nondescript and gives little indication of the billionaire's empire. Insider; Marianne Ayala/Insider Show less Bayshore Global Management, Sergey Brin's family office, is based in Palo Alto and has a bit more of a public face. Insider; Marianne Ayala/Insider Show lessThe difference in styles holds true for Brin's family office, Bayshore Global Management. The CEO of Page's family office is Wayne Osborne, a former elder in the Presbyterian Church who attended Princeton Theological Seminary.

More than 40 million borrowers like Morales-Bartlett were eligible to cancel up to $20,000 in federal student loan debt under President Joe Biden’s one-time student loan forgiveness plan. Meanwhile, the pandemic-era federal student loan repayment pause has been extended while the government awaits the court’s decision. The average federal student loan debt nears $30,000. Brown’s son still has about $50,000 in student debt despite being one of the thousands of North Carolinians who received some student loan relief as part of a multistate settlement with Navient, one of the nation’s largest student loan servicers, over allegations of unfair and deceptive student loan servicing and predatory lending practices, according to Pennsylvania Attorney General Josh Stein's office. He also applied to the currently blocked student loan forgiveness program and is waiting to hear back.

The answer is simple, according to more than a dozen Washington insiders, FTX employees, and crypto industry observers who spoke with Insider. I don't think anyone believed that he was going to fund candidates who were, quote unquote, committed to ending pandemics who were also hostile to the crypto industry." Alex Wong/Getty ImagesRebuffed by the SEC, Bankman-Fried turned his attention to Congress. "It's not that he was welcoming regulation," says the senior figure in the crypto industry who attended meetings with Bankman-Fried. But while Bankman-Fried was busy wooing Washington, FTX was about to become Exhibit A in the case for more effective oversight of the crypto industry.

☆ Bob Marley immersive experience to land in US next year
▼ + stars: | 2022-11-30 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

A massive immersive experience celebrating Bob Marley is heading for its U.S. premiere early next year, complete with photographs, lots of music and even a pair of the reggae giant’s footwear. The multi-room exhibit “Bob Marley: One Love Experience” will open in Los Angeles on Jan. 27 at Ovation Hollywood, following runs in London and Toronto. The 15,000-square foot (1,393-square meter) experience includes previously unseen photographs, concert videos, lyric sheets, rare memorabilia like guitars, a soccer jersey, sneakers and art that highlight Marley’s influence. “After being in London and Toronto, it’s going to be amazing bringing the experience here to the U.S. for the first time and just steps from Daddy’s star on the Hollywood Walk of Fame,” Cedella Marley, CEO of Bob Marley Group, said in a statement. The exhibit is produced by the Marley Family and Terrapin Station Entertainment.

Salesforce said Wednesday that Bret Taylor will step down as co-CEO on Jan. 31, leaving Marc Benioff alone again at the top of the cloud software company he co-founded in 1999. Benioff closely embraced Taylor, who joined the company in 2016, when he sold his productivity software startup Quip to Salesforce. "I am grateful for six fantastic years at Salesforce," Taylor said in a statement on Wednesday. Before Quip, Taylor sold FriendFeed to Facebook and helped to create Google Maps. But the company's stock was down as much as 6% in after-hours trading.

I want donors to know that every cent truly counts, and you can contribute to multiple causes. In fact, I'd fled the nonprofit world 15 years earlier and had no intentions of looking back. But what many donors don't know is that those traits, conferred through nonprofit status and IRS oversight, come with massive trade-offs. What it means to be a nonprofit and where our money goesAs a nonprofit director, I have to raise a lot of money just so our organization can remain compliant. At the same time, if you care about multiple issues, you can make small donations to multiple organizations.

☆ MacKenzie Scott says she's given away almost $2 billion this year
▼ + stars: | 2022-11-27 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

MacKenzie Scott has donated $2 billion to charities this year, per her most recent Medium post. With a net worth of $26 billion, she's become one of the world's most generous billionaires. The 52-year-old philanthropist and former wife of Jeff Bezos has a net worth of $28 billion, according to Forbes. The funds donated by Scott this year are in addition to the $12.5 billion she's given away since signing up to the Giving Pledge. On November 14, Scott wrote a blog post on Medium outlining her most recent donations.

☆ Here are the 7 richest people in the world who haven’t signed the Giving Pledge—Jeff Bezos is No. 3
▼ + stars: | 2022-11-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +7 min

But Bezos, whose recent announcement followed years of criticism over his relative lack of philanthropic giving, isn't the only billionaire who hasn't signed the pledge. Arnault has not signed the Giving Pledge, nor has he commented on the pledge publicly. Jeff Bezos: $116 billion net worthBezos has donated more than $2.4 billion in his lifetime, according to a Forbes estimate. But the billionaire has skirted questions about the Giving Pledge for years, especially after his ex-wife, Scott, signed it shortly after their 2019 divorce. Sergey Brin: $84.9 billion net worthLike fellow Google co-founder Page, Sergey Brin has not signed the Giving Pledge.

☆ How top banks like Morgan Stanley and JPMorgan train young advisors to work with ultra-rich clients
▼ + stars: | 2022-11-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

Private banks cater to the wealthiest clientele, who typically have at least $10 million in assets. Wall Street banks put analysts through their paces before letting them work with the most coveted clients. David Frame, CEO of the private bank, is doubling down on a recruiting push. JPMorgan aims to hire as many as 1,500 new private bank advisors over the next five years, which would double its current headcount. The course culminates with three case studies that involve portfolio strategy and estate planning, as well as a written and oral exam.

☆ 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.

When I started earning more, I was racked with guilt and reluctance to build wealth. Learning about money from experts and examining the messages I grew up with helped me move past my guilt. Growing up in a middle-class family, raised by staunch Catholic parents, I didn't have many thoughts about money. I didn't expect the magnitude of guilt that overwhelmed me when I started to earn three times more than I had. My relationship with money had been laced with many negative, good-for-nothing thoughts, making it practically impossible to set strong financial goals.

☆ Analysis: First U.S. coral insurance marks the rise of the reef brigades
▼ + stars: | 2022-11-21 | by ( Clare Baldwin | ) www.reuters.com time to read: +5 min

On Monday, the global 'Reef Brigades' plan came closer to reality when it bought an insurance policy on behalf of the state of Hawaii, the first U.S. coral insurance contract, which will provide funds for repair work, building on similar policies taken out in the Caribbean. Apart from being a precious nursery for fish, coral reefs that fringe developed coastlines can limit flooding by providing a barrier against ocean storm surges, meaning insurers have every interest in protecting them. For the premium of $110,000 in Hawaii's contract announced on Monday, that state will get up to $2 million of insurance protection for its coral reefs until the end of December 2023. Just offshore from some of the country's most famous Mayan ruins, local tourism businesses and the government bought an insurance policy to cover their share of the Mesoamerican Reef. Willis Towers Watson, which worked on the MAR Fund policy and the Hawaii policy, said it is actively working on a coral reef policy for Fiji, and policies for coral reef bleaching, run-off due to excessive rainfall, and lost fishing days due to climate change-induced storms.

☆ Analysis: The final season of ‘Dead to Me’ is a poignant eulogy
▼ + stars: | 2022-11-19 | by ( Lisa Respers France | ) edition.cnn.com time to read: +6 min

Believe it or not, one of the things that has been helping me lately is just carving out some chill time. Three things to watch‘Dead to Me’ Season 3Christina Applegate as Jen Harding in a scene from "Dead to Me" on Netflix. Saeed Adyani/NetflixThe new season of “Dead to Me,” starring Christina Applegate and Linda Cardellini, will be the dark comedy series’ last. I am especially invested in this last season given Applegate’s revelation that she has multiple sclerosis. ‘The Santa Clauses’Tim Allen (second from right) in a scene from "The Santa Clauses" on Disney+.

☆ Lauren Sánchez on going to space, philanthropy and trying to bring light to the world
▼ + stars: | 2022-11-19 | by ( Chloe Melas | ) edition.cnn.com time to read: +5 min

CNN —For four years, Lauren Sánchez has been quietly working behind the scenes to help Amazon founder, Jeff Bezos, strategically give away his vast wealth to a variety of causes. In their first sit-down interview as a couple at their sprawling Washington, D.C. home, Sánchez got candid about her philanthropic projects, space travel and what makes her relationship with Bezos work so seamlessly. “The work that we’re doing with the Bezos Courage and Civility Award I think needs to have a voice,” Sánchez said. Lauren Sanchez visits the US-Mexico border. Sánchez and Bezos said they wanted to bring a “little bit of light” to the people who use unity instead of conflict to resolve issues.

☆ Jeff Bezos plans to give away most of his fortune: Why 'it’s a big deal,' from a philanthropy expert
▼ + stars: | 2022-11-16 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Jeff Bezos finally said he plans to give away the "majority" of his $122 billion fortune during his lifetime. Bezos had 'resisted developing a public philanthropic identity'Why is the 58-year-old Bezos just now committing to giving away the bulk of his fortune? For years, Soskis says, Bezos "resisted developing a public philanthropic identity," a position that the researcher believes had "become increasingly untenable" amid public criticism of Bezos' massive wealth. Gates and Buffett are the founders of the Giving Pledge. The analogy could be seen as an attempt to explain why Bezos has waited to announce his philanthropic plans, and why those plans still remain somewhat vague.

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