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☆ Bill Miller, who once beat the market for 15 straight years, redefines value investing
▼ + stars: | 2023-07-27 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Bill Miller, the value investor known for once beating the market for 15 years in a row, is also well recognized as an early investor in bitcoin and Amazon . Miller made his name by running the Legg Mason Capital Management Value Trust, which beat the S & P 500 every year from 1991 to 2005. He left Legg Mason to found Miller Value Partners in 2012 after the fund suffered steep losses and an exodus of assets during the financial crisis. Samantha McLemore, Miller's longtime co-manager, will assume management of Miller Opportunity Trust through her firm Patient Capital. His eldest son, Bill Miller IV, will become the lead manager for the Miller Income Fund.

Persons: Bill Miller, Miller, Legg Mason, Jeff Bezos, MacKenzie Scott, bitcoin, who's, Samantha McLemore, Miller's, Bill Miller IV Organizations: Legg Mason Capital Management Value Trust, Miller Value Partners, Amazon, Opportunity Trust, Morningstar, Delta Air Lines, Cruise Line, Big Tech, Miller Opportunity Trust, Capital, Miller Income Fund Locations: bitcoin

☆ Twitter is rebranding to X. Here are 5 more tech companies that controversially changed their names or faced backlash.
▼ + stars: | 2023-07-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +8 min

Here are five more tech companies which changed their names — some controversially, and others leading to success. From The Facebook to Facebook, then MetaMark Zuckerberg at Harvard University, three months after The Facebook was created. But the business plan was first written for a company called Cadabra, as in a magician's "Abracadabra." Before Twitter became X, X.com became PayPalPeter Thiel, left, and Elon Musk, right, hold VISA credit cards branded with the X.com company logo on October 20, 2000. Paul Sakuma/APElon Musk cofounded the online payment company X.com in 1999 before it merged with Peter Thiel's Confinity a year later.

Persons: Elon Musk, Musk, Mark Zuckerberg, Rick Friedman, Sean Parker, Justin Timberlake, Zuckerberg, that's, Frances Haugen, Sergey Brin, Larry Page, Martin Magunia, Brin, Sundar Pichai, Mike Krieger, Kevin Systrom, Stephen Chernin Instagram, Andreessen Horowitz, Krieger, Systrom, Instagram, Jeff Bezos, Evan Agostini, —, Bezos, Mackenzie Scott, X.com, PayPal Peter Thiel, Paul Sakuma, AP Elon Musk, Peter Thiel's Confinity, Jimmy Soni's, Thiel, Walter Isaacson Organizations: Twitter, PayPal, Morning, Facebook, Harvard University, Meta, VR, Reality Labs, Google, Getty, Stanford, Microsoft, REUTERS, Baseline Ventures, Stanford University, Inc, Amazon, AP Elon, eBay Locations: Burbn

☆ Jeff Bezos is ripped now. Here's how the Amazon founder went from scrawny to brawny.
▼ + stars: | 2023-05-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Amazon founder Jeff Bezos has had a "glo-up" in recent years since stepping back from the company. He went from eating a tin of biscuits for breakfast every morning to putting in hours in the gym. With help from celebrity personal trainer Wes Okerson, Bezos is more ripped than ever. Jeff Bezos was a pretty scrawny guy when he founded Amazon in 1994. She told The Wall Street Journal in January that Bezos "stole" her personal trainer, Wes Okerson, who's also trained Tom Cruise and Gerard Butler.

CNN —Amazon founder Jeff Bezos and his partner Lauren Sánchez are engaged, a source close to the couple tells CNN. No additional details about the proposal or pending wedding plans were immediately available. Bezos and Sánchez, a former broadcast journalist and now philanthropist, first went public with their relationship in 2019. Since Bezos and Sánchez began dating, they have kept details of their lives together mostly private outside of being photographed at various events. Sánchez has three children from previous relationships, and was married to Hollywood agent Patrick Whitesell for 13 years before finalizing their divorce in 2019.

☆ Moderna's billionaire CEO draws criticism for earning nearly $400 million in stock options last year, and then getting a raise on top of it
▼ + stars: | 2023-04-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

French businessman Stéphane Bancel made $393 million in stock options in 2022, according to securities filings. Bancel, 50, also owns stocks valued around at least $2.8 billion, and received a 50% raise from 2021 to 2022. Moderna's chief executive officer Stéphane Bancel raked in about $393 million in 2022 thanks to stock options, and then received a raise on top of it — compensation that's giving some analysts pause. In addition to exercising his stock options in 2022, 50-year-old Bancel earned a $1.5 million salary — a 50% jump from 2021, according to securities filings from March. Meanwhile, Amazon CEO Andy Jassy's pay dropped from $212 million in 2021 to $1.3 million in 2022 due to receiving any stock awards.

☆ Amazon’s head of HR rejects employees’ return-to-office petition
▼ + stars: | 2023-03-24 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Beth Galetti, the company's HR head, formally responded to a letter that gathered ~30,000 employee signatures. Galetti wrote in her email that Amazon's guiding principle is to "make our customers' lives better and easier every day." My colleague Eugene Kim obtained Galetti's full email and walks us through how Amazon employees feel about the response. In other news:MSCHF's Tax Heaven 3000 dating simulator is supposed to help you prepare your 2022 US federal tax return. Carta offers popular software to help employees manage their equity.

☆ Things are pretty grim in real estate, but that could be a good thing for proptech startups in the long run
▼ + stars: | 2023-03-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Today, we've got stories on Deutsche Bank's tumbling shares, some bad news for Block, and why Gen Z might be in trouble. Of the many casualties of 2022, startups focusing on the real-estate market were some of the biggest. As the real-estate market dried up, thanks to rising interest rates, these companies that were meant to upend the industry through tech and innovation suddenly took a backseat. And while current conditions aren't ideal for proptech startups, that could actually benefit them in the long run. Click here to check out 26 of the hottest proptech startups set to take off in 2023.

☆ MacKenzie Scott wants to know why she should give your nonprofit a $1 million donation from a $250 million pot of cash
▼ + stars: | 2023-03-23 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

MacKenzie Scott launched a $250 million "open call" for nonprofits. She plans to make 250 donations of $1 million apiece through her organization, Yield Giving. However, Scott's charity is now asking nonprofits to tell them why they should get a $1 million donation from a $250 million pot of cash. Jeff Bezos's ex-wife says the "open call" will support 250 "organizations making positive change in their communities." "So there are three big headlines here in my heart: community changemakers can nominate themselves.

☆ Jeff Bezos' partner Lauren Sánchez talked about being rejected as flight attendant because of her weight and becoming a pilot instead
▼ + stars: | 2023-01-26 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +4 min

Media personality Lauren Sánchez has been publically dating billionaire CEO Jeff Bezos since 2019. Sánchez was also married to her former spouse, Patrick Whitesell, the executive chairman at William Morris Endeavor, at the time. "This is one of the only places I feel entirely in control," Sánchez told the outlet. "I don't know why more women don't do it," she told The Journal. "It's going to be women who are making a difference in the world and who are impactful and have a message to send,'" Sánchez told The Journal.

☆ Jeff Bezos' girlfriend said he gave her a 'master class' in management and running meetings: 'You're the boss. You talk last.'
▼ + stars: | 2023-01-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Lauren Sánchez says Jeff Bezos gives her a "master class" in management and meetings every day. Sánchez told The Wall Street Journal his best advice was to let others speak first. Sánchez said that the best business advice Bezos has given her was to avoid talking too soon in meetings. You let everyone else talk so that they don't get swayed by your opinion,'" Sánchez told the publication. Bezos' business advice echoes the sentiments of experts.

☆ Amazon is shutting down its charity program amid massive companywide layoffs, claiming its 'ability to have an impact was often spread too thin'
▼ + stars: | 2023-01-19 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Amazon announced that it would "wind down" its AmazonSmile program in February. "After almost a decade, the program has not grown to create the impact that we had originally hoped," the email read. "With so many eligible organizations — more than 1 million globally — our ability to have an impact was often spread too thin." Amazon plans to fully close the program by February 20 and focus its philanthropic efforts elsewhere, per the email. Through the program, Amazon shoppers could visit smile.amazon.com allocate 0.5% of their purchase to a participating organization of their choice for no extra charge.

☆ 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.

☆ Zelenskyy and the Spirit of Ukraine win Time’s 2022 Person of the Year
▼ + stars: | 2022-12-07 | by ( ) www.nbcnews.com time to read: +5 min

Volodymyr Zelenskyy and the spirit of Ukraine have been named Time’s 2022 Person of the Year. Ukrainian President Volodymyr Zelenskyy. But the answer as to why he did it was simple: “It’s the people.”“My security was 100% against it,” Zelenskyy told Time during the trip to Kherson. “Zelenskyy gives me confidence,” a 35-year-old woman identified as Natasha in Ukraine told TODAY. In addition to Zelenskyy, Felsenthal revealed the women of Iran as 2022’s Heroes of the Year.

☆ This non-profit has raised over $10 million to support Indigenous women entrepreneurs: 'It's up to us to close the racial wealth gap'
▼ + stars: | 2022-11-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Here's how one non-profit, Native Women Lead, is enabling Indigenous women's economic mobility:'It's up to use to close the racial wealth gap'Native Women Lead was founded in 2017 by eight Native American women entrepreneurs: Jaime Gloshay, Kalika Davis, Lisa Foreman, Kim Gleason, Vanessa Roanhorse, Alicia Ortega, Stephine Poston and Jaclyn Roessel. That conversation inspired the creation of Native Women Lead, an Albuquerque-based non-profit that aims to help Indigenous women entrepreneurs across the world access the capital, mentors, financial education and support needed to thrive in their careers and narrow the wealth gap. To date, Native Women Lead has provided about $500,000 to 65 Indigenous women entrepreneurs through the two funds, partnering with credit unions and investing firms such as Nusenda Credit Union and ImpactAssets to connect entrepreneurs with capital. While closing the wealth gap might start with funding opportunities, Native Women Lead views wealth as "more than just revenue or profits," Stephine Poston, one of the group's co-founders, says. Keeping this in mind, Native Women Lead offers wellness-focused retreats for Indigenous women as well as fireside chats on self-care practices, healing from trauma and other mental health topics.

☆ 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.

☆ Jeff Bezos donates a total of $123 million to 40 groups fighting homelessness after vowing to give away majority of his wealth
▼ + stars: | 2022-11-24 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Jeff Bezos is giving away $123 million to an array of groups combatting homelessness in the US. MacKenzie Scott, his ex-wife, also supported housing groups by donating mansions worth $55 million. Inc.Other groups that were given grants included Homeless Alliance, Samish Indian Nation, and LA Family Housing, per the press release. "Honored to support these groups," Bezos wrote in the Instagram post. Like Bezos, Scott has also contributed to housing charities.

☆ A Beverly Hills mansion that MacKenzie Scott donated to a housing charity sold for $37 million, report says
▼ + stars: | 2022-11-20 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

MacKenzie Scott gave two Beverly Hills mansions to a housing charity in September. The 12,000-square-foot home was one of two properties given to the California Community Foundation by Jeff Bezos's ex-wife in September. Bezos and Scott bought the home in 2007 for about $24.5 million. The Spanish-style home in Beverly Hills has sold for $37 million. California Community Foundation didn't immediately respond to a request for comment by Insider.

☆ Jeff Bezos says 'it's really hard' to give away money, while MacKenzie Scott announces $2 billion in donations
▼ + stars: | 2022-11-17 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Amazon founder Jeff Bezos told CNN on Monday that he plans to give away the majority of his $119.5 billion fortune in his lifetime, saying that "it's really hard" to give away large sums of money in effective ways. The same day, his ex-wife MacKenzie Scott published a Medium blog post, announcing that she'd given away nearly $2 billion over the last seven months. More than 230 others, including Scott, have signed the Giving Pledge, promising to do the same with their wealth. Notably, despite his claim earlier this week, Bezos hasn't signed the Giving Pledge. Scott made that commitment in 2019, signing the Giving Pledge the same year the couple divorced and she received roughly $36 billion in Amazon shares.

☆ 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.

☆ MacKenzie Scott says she has given $2 billion to 343 organizations supporting underserved communities in the last 7 months, raising her total to at least $14.5 billion since she pledged to give away m
▼ + stars: | 2022-11-15 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +2 min

Billionaire philanthropist MacKenzie Scott gave nearly $2 billion to 343 organizations since 2019. In the last 7 months, Scott gave money to organizations supporting people from underserved communities. With this addition, she has now given away $14.5 billion of her fortune since signing the Giving Pledge. In a blog post on Monday, Scott said in the last seven months, she gave nearly $2 billion to 343 organizations supporting people from underserved communities. Since signing the pledge, Scott has become one of the leading philanthropists in the US.

☆ Jeff Bezos says he plans to give away most of his $124 billion fortune
▼ + stars: | 2022-11-14 | by ( Rohan Goswami | Rohan Goswami Is A News Associate At Cnbc. | ) www.nbcnews.com time to read: +1 min

Billionaire Amazon founder Jeff Bezos recently said he plans to give away the “majority” of his fortune. Bezos’ comments were made in an interview with CNN on Saturday, when he said he plans to use his wealth to fight climate change and to support societal “unifiers.” Bezos is worth about $124 billion, according to the Bloomberg Billionaires Index. “The hard part is figuring out how to do it in a levered way,” Bezos told CNN. The Giving Pledge was started by Bill Gates and Warren Buffett. Bezos committed $10 billion dollars to the Bezos Earth Fund in 2020, and by October 2021 had given away $947 million through the same.

☆ Jeff Bezos' girlfriend, Lauren Sánchez, says she plans to go to space next year
▼ + stars: | 2022-11-14 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Jeff Bezos went to space last year, and his girlfriend is going next. Lauren Sánchez told CNN she plans to go to space in 2023 with "a great group of females." Lauren Sánchez told CNN in an interview published Monday that she plans to go to space sometime in 2023. Sánchez told CNN that the former Amazon CEO won't be on the spaceflight with her, but she'll be joined by "a great group of females." Bezos went to space in July 2021, on the first human spaceflight for Blue Origin, his aerospace company.

☆ Jeff Bezos for the first time says he will give most of his money to charity
▼ + stars: | 2022-11-14 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. “I just feel honored to be able to be a part of what they’re doing for this world,” Bezos told CNN. Bezos has committed $10 billion over 10 years, or about 8% of his current net worth, to the Bezos Earth Fund, which Sánchez co-chairs. The economic downturnWhile Bezos and Sánchez plot out their plans for Bezos’ immense wealth, many people of more modest means are bracing for what economists fear may be an extended economic downturn. CNN recently reported that Bezos and Jay-Z are in talks on a potential joint bid on the Washington Commanders.

☆ Mackenzie Scott announces another $2 billion in donations
▼ + stars: | 2022-11-14 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN Business —Billionaire philanthropist Mackenzie Scott has donated almost $2 billion to more than 300 organizations in the last 7 months, she said in a Medium post Monday. Since her divorce from Bezos, Forbes estimates Scott has now given away $14.4 billion to more than 1,500 organizations. And though Bezos did not specify his donations, he said would devote most of his wealth toward combating climate change and unifying humanity. Last month, Girl Scouts of the USA said it received its largest ever single individual donation from Scott, totaling $84.5 million. Scott noted many of the 343 organizations she donated to are funds, meaning they “pool donations and spread them across a diverse group of smaller organizations working toward a common cause.”

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