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CNN —Dozens of business leaders are throwing their weight behind Vice President Kamala Harris, saying she is the stronger candidate for the American economy and the future of democracy. In a three-page letter, a group of 88 business leaders — including high-profile current and former executives from major public companies across tech, media, and finance — emphasized that they believe a Harris administration can better nurture the private sector. The endorsements underscore the support Harris has not only in Silicon Valley, a traditional Democratic stronghold, but in some corners on Wall Street and at some consumer-facing companies. On the campaign trail, Harris has positioned herself as perhaps friendlier to business than President Joe Biden. The letter is a vote of confidence for Harris as she and former President Donald Trump appear neck and neck ahead of the November election.
Persons: Kamala Harris, , Harris, , James Murdoch, Mark Cuban, Reid Hoffman, Rupert Murdoch, Michael Lynton, Jeremy Stoppelman, Hoffman, Jeff Lawson, Laurene Powell Jobs, Peter Chernin, Jeffrey Katzenberg, Joe Biden, Trump, Elon Musk, David Sacks, San Francisco, Doug Leone, Joe Lonsdale, Peter Thiel, Donald Trump Organizations: CNN, CNBC, Democratic, Century Fox, Emerson Collective, TCG, Fox, Walt Disney Studios, Trump, San, Republican National Convention, America PAC, Sequoia Capital, Palantir, ABC Locations: Silicon Valley, United States
WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in a new letter shared exclusively with CNBC. Among the signers are several high-profile CEOs of public companies, including Aaron Levie of Box , Jeremy Stoppelman of Yelp and Michael Lynton, chairman of Snap . Other signers appear to be issuing their first public endorsements of Harris since she became the de facto Democratic nominee in July. They include James Murdoch, former CEO of 21st Century Fox and an heir to the Murdoch family media empire, and crypto executive Chris Larsen, co-founder of the Ripple blockchain platform. Still more are prominent in Silicon Valley, including the venture capitalist Ron Conway, entrepreneur Mark Cuban and former LinkedIn CEO Reid Hoffman.
Persons: WASHINGTON —, Kamala Harris, Aaron Levie, Jeremy Stoppelman, Yelp, Michael Lynton, Harris, James Murdoch, Murdoch, Chris Larsen, Lynn Forester de Rothschild, José E, Feliciano, Twilio, Jeff Lawson, Ted Leonsis, Kleiner Perkins, John Doerr, Deven Parekh, Jeffrey Katzenberg, Wndr, Laurene Powell Jobs, Dustin Moskovitz, Magic Johnson, Tony James, Blackstone, Bruce Heyman, Goldman Sachs, Peter Orszag, Steve Westly, Ron Conway, Mark Cuban, Reid Hoffman Organizations: WASHINGTON, CNBC, Democratic, Century Fox, Washington Wizards, WNBA's Mystics, NHL's Washington Capitals, Walt Disney Studios, Facebook, NBA Hall of Famer, Jefferson, Lazard, Westly, Tesla Locations: America, California, Capital, Silicon Valley
Selena Gomez is a billionaire
  + stars: | 2024-09-06 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Selena Gomez can now add becoming a billionaire to her long list of achievements. The 32-year-old actress, singer, investor and entrepreneur just achieved the financial milestone thus making her one of the youngest self-made billionaires in the United States, according to Bloomberg, which values her net worth at $1.3 billion. But her following has also helped her Rare Beauty line, putting her in the celebrity-led category of makeup brands dominated by Rihanna and the Kardashians. Gomez also has reportedly reached out to investors for Rare Beauty, seeking a $2 billion valuation. Gomez’s representative didn’t immediately respond to CNN’s request for comment.
Persons: New York CNN — Selena Gomez, influencers, Instagram, Cristiano Ronaldo, Lionel Messi, Gomez, didn’t Organizations: New, New York CNN, Bloomberg, Puma, Rihanna, Rare, Fund, Hulu Locations: New York, United States
Former President Donald Trump and GOP Presidential Nominee speaking at the New York Economic Club in New York on Sept. 5, 2024. He added that Musk could be a "good one" to lead the commission "if he has the time." Hughes added that details on how the efficiency commission would be staffed and operated are yet to come. But Musk has repeatedly raised his hand to helm such a commission: "I look forward to serving America if the opportunity arises. The government efficiency commission plan also gives Trump a concrete proposal to attach to his attacks on what he sees as frivolous spending in the Biden-Harris administration.
Persons: Donald Trump, Elon, Harris, Trump, Brian Hughes, Hughes, Musk Organizations: New York Economic, Tesla, Biden, Economic, of New, Trump Locations: New York, of New York, America
On Wednesday, ABC announced that Sorokin — who in 2019 was convicted of conning banks, hotels, and individuals out of money by posing as a European heiress named Anna Delvey — would join the cast of "Dancing With the Stars" season 33. Sorokin finished her prison sentence (which she previously called "a huge waste of time") for her crimes in February 2021. Shortly after she was released from prison, an immigration judge put her under house arrest in New York and banned her from using social media. Related storiesAnna Delvey having to wear an ankle monitor in her #DWTS promo photo is absolute perfection. Advertisement"Dancing With the Stars" season 33 airs September 17 on ABC and Disney+ and streams on Hulu the next day.
Persons: , Anna Sorokin, Sorokin, Anna Delvey —, Jenn Tran, Tran's, Joey Graziadei, Phaedra Parks, Anna Delvey, Anna, John Sandweg —, Sandweg, She's, Pornhub, Kelly Cutrone Organizations: Service, ABC, Business, Netflix, Customs Enforcement, ICE, Barack, New, Disney, Hulu Locations: European, York, Immigration, United States, New York
This as-told-to essay is based on a conversation with Julie Griggs and Danielle Dietzek, the founders of the dating app Fourplay. Over 30 guys in the first week told us this was so much fun and a better way to date. And from there, we Googled how to get an app started. And if you keep going, your app is going to totally break." I was still working as a PA and got a text from friends saying to turn on the show.
Persons: Julie Griggs, Danielle Dietzek, Griggs, Julie, Danielle, it's, iMessage, Mark Cuban, I've, We've, they've, we'd, Kelly, Ryan Organizations: Service, YouTube Locations: WhatsApp
At the CIA's covert training facility near Williamsburg, Virginia, commonly called "The Farm," recruits are trained in the world of espionage and the many ways to get people to provide secret information. "We are in the head-hunting business, as we call it," Olson said. "We have to find individuals that we can induce to cooperate equally with us to give us their secrets." After Klyushin was arrested in Switzerland by U.S. authorities, one of the claims his lawyer made was that American intelligence officers had attempted to recruit Klyushin as a spy for the U.S. upon meeting him for the first time. However, as Olson explained to Javers, the way that intelligence officials approach that process is far different, something that he called "the recruitment cycle."
Persons: Jim Olson, , Eamon Javers, Olson, Javers, Vladislav Klyushin, Klyushin Organizations: Counterintelligence, Central Intelligence Agency, CIA, CNBC Senior Washington Locations: Williamsburg , Virginia, Moscow, Russian, U.S, Switzerland, American
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's about leaning into my age and experience as an asset versus being 'too old' for the startup world," Loria, 61, said. A survey by Gusto, a payroll-services company for small businesses, found that nearly one in four new businesses started in 2023 were in the professional-services industry. It also found that among the businesses started by people 55 and older in 2023, about 35% were in the professional-services industry. He said there was a "natural match" between younger and older founders: He appreciates the boldness and drive of younger founders and thinks he can provide the wisdom that he's developed over the years.
Persons: , Joseph Loria, Loria, RetentionCX, he'd, he's Organizations: Service, Business, Tulane University
But Lucy Guo, the 29-year-old cofounder of data labeling startup Scale AI blurs the line between the two archetypes. Yet this is the persona many have come to know since Guo left Scale AI in 2018. But, midway through the program, they pivoted again, this time to what would eventually become Scale AI. Lucy GuoThe idea of Scale AI came from a suggestion by one of their YC roommates, who proposed creating an "API for humans." Advertisement"The itch to build"After Scale AI, Guo decided to apply her learnings to a new entrepreneurial opportunity: investing.
Persons: , Lucy Guo, Billie Eilish, Charlie XCX, Guo, she's, Adam D'Angelo, Alexandr Wang, Alex, Wang, Guo's, Cruise, Dave Fontenot, Kylie Jenner's lipsticks, Jake Paul's, Passes Organizations: Service, Business, Fry's Electronics, Carnegie Mellon University, Thiel, Facebook, Multicoin, Bond Locations: Miami, Fremont , California, San Francisco, China, hackathons, Quora
Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters leave Porticello harbor near Palermo, to resume research for a last missing person on August 23, 2024, four days after the British-flagged luxury yacht Bayesian sank. Divers on Friday found the body of the final person missing after a luxury yacht sank off the coast of northern Sicily, the Italian fire service said. Eighteen-year-old Hannah Lynch, daughter of British tech entrepreneur Mike Lynch, is the last person still unaccounted for, out of six people that went missing after the superyacht Bayesian sank suddenly during a violent storm in the early hours of Monday morning. Recaldo Thomas, a Canadian-Antiguan national who was working as a chef onboard, was confirmed dead earlier this week.
Persons: Hannah Lynch, Mike Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Clifford Chance, Chris Morvillo, Neda Morvillo, Recaldo Thomas, Angela Bacares Organizations: Italian Corps, Firefighters Locations: Porticello, Palermo, British, Sicily, Canadian
Emery Wells put himself on the path to a dream career by recklessly buying a $17,500 camera that he definitely couldn't afford. By 2014, his post-production company Katabatic Digital brought in more than $1 million in annual revenue from clients like Coca-Cola and Pfizer. Wells: Post-production is client service work. Did you always think Frame.io could become a billion-dollar company? I don't know if we're really going to get there."
Persons: Emery Wells, who'd, Wells, John Traver, shuttering, Traver, I'd, Mark Zuckerberg, Mark, we're Organizations: CNBC, Adobe, Digital Cinema, Katabatic, Cola, Pfizer, Frame.io Locations: Wells, New York, Katabatic
After retrieving six bodies from the wreck over the past four days, Lynch’s is the final body being searched for by Italian authorities. The body of her father, Mike Lynch, was retrieved and identified on Thursday, an Italian interior ministry official told Reuters. Fifteen people were rescued on Monday and one body was recovered – thought to be that on the onboard chef Recaldo Thomas. Five days on, Italian authorities are still working to understand how the 56-meter (184-foot) yacht sank so quickly. “In just 60 seconds, you can see the ship disappear,” he told Italian outlet ANSA.
Persons: Hannah Lynch, Mike Lynch, , Lynch’s, Recaldo Thomas, Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Chris Morvillo, Neda Morvillo, Organizations: Italy CNN, Reuters Locations: Porticello, Italy, Sicily, Italian, American,
With over 40 startups, the self-taught developer has claimed his various business ventures now generate over $2.2 million in revenue. This story is available exclusively to Business Insider subscribers. In 2014, Levels met other digital nomads while living in Chiang Mai, Thailand. A decade and millions of users later, Levels said the best cities he's been to are still Bangkok and Chiang Mai. While Levels said Bangkok is getting more expensive, he still recommends Chiang Mai as a more affordable option.
Persons: , Pieter Levels, he's, Lex, Chiang Mai, I've, Lola Méndez, Alexander Mazurkevich, Chiang, it's Organizations: Service, Business, New Locations: Chiang Mai, Thailand, Bangkok, Vietnam, South America, Puerto Vallarta, New York City, Numbeo, Brazil, America
Divers on Friday recovered the body of the final person who had been missing after a violent storm off the coast of Sicily sent a luxury yacht to the bottom of the sea, the Italian firefighter corps said. The discovery of the body, that of Hannah Lynch, the 18-year-old daughter of the British tech entrepreneur Mike Lynch, who also died in the yacht’s sinking, put an end to a wrenching search and to the slim hopes that any of the missing people might have survived. Ms. Lynch, whose family owned the yacht, was the final person who had been formally unaccounted for since Monday after tragedy struck a group that had been celebrating her father’s victory in a high-profile fraud case. There were 10 crew members and 12 passengers on board the 180-foot vessel, named Bayesian after the mathematical theorem around which Mike Lynch had built his technology empire. Fifteen survived.
Persons: Hannah Lynch, Mike Lynch, Lynch Locations: Sicily, British
Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.
Persons: , Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily
But a recent appointment at ila Only Spa at the luxurious Lotte New York Palace hotel didn't resemble past spa experiences. Litman secured $80 million in funding and spent seven years on research and development before launching the world's first customizable robot massage in March. What a robot massage feels likeFor those who are uncomfortable stripping down in front of a stranger, Aescape solves the problem. I lay face down on the massage table, which was firmer than a typical spa table. I typically request moderate pressure from massage therapists, but Aescape's middle setting felt intense.
Persons: I'm, Eric Litman, It's, Aescape, Litman, Tristina Damico, massages, Aescape massages Organizations: Lotte New, Lotte, Massage, New Yorkers, Global Wellness Institute Locations: ila, Lotte New York, New York, York, New York City, Union Square, Midtown Manhattan, U.S, Aescape, Aerwear
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Dominic Lipinski | PA Images | Getty ImagesDuring the course of the trial, Lynch took the stand in his own defense. He became a key voice supporting the U.K. technology industry, backing key names like cybersecurity firm Darktrace and legal tech firm Luminance. Mike Lynch, founder of software firm Autonomy, at the company's headquarters in, Cambridge, U.K., Aug. 24, 2000. Bryn Colton | Hulton Archive | Getty Images"I keep rare breeds," Lynch told LeadersIn in a 2016 interview.
Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch, , Angela Bacares —, Bacares, Hannah, Bill Gates, Graham Barclay, David Tabizel, Richard Gaunt, Thomas Bayes, Dominic Lipinski, Autonomy's, Stephen Chamberlain, Sushovan Hussain, Hussain, Thoma, Bryn, LeadersIn Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, CNBC, Sky News, Bancroft's, British Industry, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, HP, U.S, Packard, Prosecutors, Capital Management, Thoma Bravo, BBC, Council for Science, Technology, Forbes, East Anglian Times, The Times Locations: Sicily, U.S, Porticello, Palermo, Italy, Ilford, East London, Chelmsford, English, Essex, Woodford Green, London, Cambridge, Britain, Suffolk, Bryn Colton, England
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Lynch, 59, is the founder of enterprise software firm Autonomy. During the trial, Lynch took the stand in his own defense, denying wrongdoing and telling jurors that HP botched Autonomy's integration. "I keep rare breeds," Lynch told LeadersIn during an interview. Weeks before he was reported missing, Lynch told The Times newspaper of how he feared dying in prison if found guilty over the HP allegations.
Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch —, Bill Gates, , Lynch's, Angela Bacares, Hannah —, Morgan, Jonathan Bloomer, Judy, Clifford Chance, Chris Morvillo, Neda, Stephen Chamberlain, Chamberlain's, Lynch, Autonomy's, Chamberlain, Sushovan Hussain, Hussain, David Tabizel, Richard Gaunt, Thoma, LeadersIn, Weeks Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, U.K, Morgan Stanley, Reuters, HP, U.S, Prosecutors, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, BBC, Council for Science, Technology, Capital Management, Thoma Bravo, Forbes, East Anglian Times, The Times Locations: Sicily, Porticello, Palermo, Italy, Cambridgeshire, England, Britain, U.S, Ilford, East London, Chelmsford, English, Essex, U.K, British, Suffolk
Macdonald, 32, quit his accounting job at PwC in 2016 to work on ManiLife full-time. I decided to accept a job at PwC, a Big Four accounting company, for a three-year graduate program. When the time came to return to my accounting job in September 2015, I gave up my peanut butter venture and returned to the UK. I had shelved my idea for a peanut butter brand to work at PwCI came up with the idea for ManiLife — my peanut butter company — living in Argentina. Having a stable job helped me get my business off the groundI think I left my PwC job at the right time.
Persons: , Stu Macdonald, Macdonald, I'd, weren't, didn't, I've, I'm Organizations: Service, Business Locations: Wilmslow , England, PwC, Argentina, Córdoba, British
Of the billionaires on the 2023 Forbes 400 list — the 400 richest people in the United States — 70% are basically self-made. In 1982, only 40% of the Forbes 400 had started their own business; the majority were simply scions of inherited wealth. The Forbes 400, however, is the extreme right tail of the curve. But you're not sniffing the Forbes 400 list, where the bidding starts at about $3 billion. I don't think VCs are deliberately picking founders they think are unreliable, although sometimes it seems like it.
Persons: Raj Chetty, That's, Chamath Palihapitiya, Palihapitiya, Josh Wolfe, Wolfe, Elon Musk, Thiel, Jeff Bezos, we're, Sam Bankman, Andreessen Horowitz, A16z, Adam Neumann, Neumann, WeWork, Marc Andreessen, Ben Horowitz, Horowitz, they've, Benchmark's Gurley, Gurley, Nate Silver Organizations: Forbes, United States —, Social Capital, Burger, Lux, VCs, New York Times, Penguin Press, Penguin Publishing, Penguin Random Locations: United States, America, Sri Lanka, Canada, Coney, Israeli, Silicon, Canyon Point , Utah
That gave birth to the Oakland Ballers, or the B's — the Pioneer League team that debuted earlier this year, co-founded by Freedman and Carmel. Courtesy: Oakland BallersThe Pioneer League, an MLB partner league whose teams aren't affiliated with the pro teams like those in minor league baseball, instantly appealed to Freedman's tech sensibilities because it's a testing ground for baseball evolution. Potential investors will be able to buy their shares on a first-come, first-serve basis "just like you're buying sneakers from the Oakland B's," said Stidd. Oakland Ballers stadium. Courtesy: Oakland Ballers
Persons: Paul Freedman, Oakland Ballers Paul Freedman, Freedman, Bryan Carmel, Charlie Finley, Kelsie Whitmore, Carmel, DealMaker, Jon Stidd, Stidd, It's, Lonnie Murray, Dave Stewart Organizations: Oakland, MLB's A's, Las Vegas, Oakland Coliseum's, CNBC, Golden State Warriors, Oracle, NFL's Raiders, MLB's Oakland, Pioneer League, Freedman, Oakland Ballers, MLB, League, Securities and Exchange, Green Bay Packers, Local, BART, AAA Insurance, Raimondi, Boilermakers, Little League, San Francisco Chronicle Locations: Oakland , California, Las, Palo Alto, Oakland, Chicago, Las Vegas, Sacramento, Carmel, Oakland —, West Oakland, workshopping
Mr. Pierce wanted to show off a property that he described as “the most important passion in my life”: a once-glamorous beachside resort that he had recently bought for more than $15 million. In its heyday, the resort, a W Hotel, boasted a 6,000-square-foot spa, restaurants run by a Michelin-starred chef and sweeping views of the ocean; it was a key source of tourism jobs in Vieques. Then, in 2017, the hotel was damaged by Hurricane Maria, forcing it to close. Mr. Pierce planned to reopen it, using his crypto riches to revitalize both the glistening property and the local economy. A former child actor, Mr. Pierce knew how to put on a show.
Persons: Brock Pierce, Pierce, Hurricane Maria Organizations: Michelin Locations: Vieques, Puerto Rico
Read previewThis as-told-to essay is based on a conversation with Andro Lindsay, a 48-year-old who moved from Santiago, Chile, to Helsinki. My relationship with Finland started over 20 years ago — I've been a part of several businesses with links to Finland, and some of my best friends are Finns. I've expanded my work to include sustainable mining, green hydrogen, and more. AdvertisementMy daughters fell in love with Finland as soon as we arrivedLindsay and his daughters. We all fell in love with Finnish culture, and we couldn't be happier here.
Persons: , Andro Lindsay, It's, I've, Finn, Janne, Lindsay, Andro Lindsay I'm, I'm Organizations: Service, Business, Technical Research, of Finland, Helsinki Partners Locations: Santiago, Chile, Helsinki, Finland, Finnish, Santiago ., Seurasaari, Hietaranta
It was a ballerina shoe brand we built up as a hobby while we had finance jobs and distributed online. AdvertisementWe spend a lot of our resources taking plastic out of the oceans, and from a human perspective, we've built a platform for artists and musicians. During the pandemic, we went to the US and started building relationships. When we launched LØCI in 2021 we had no money but a dream of building a sneaker brand. Building a brand takes time — you're on a journey and you must ride it out no matter how difficult it gets.
Persons: , Emmanuel Eribo, I'm, Harley Viera, Dave Benett, LØCI LØCI, we've, Charlotte, David M, We've, Leonardo DiCaprio, Nicki Minaj, I'd, I've, We're, everybody's Organizations: Service, Business, HSBC, Soho House Locations: Soho, London
Read previewThis as-told-to essay is based on a conversation with Andro Lindsay, a 48-year-old who moved from Santiago, Chile, to Helsinki. My relationship with Finland started over 20 years ago — I've been a part of several businesses with links to Finland, and some of my best friends are Finns. I've expanded my work to include sustainable mining, green hydrogen, and more. AdvertisementMy daughters fell in love with Finland as soon as we arrivedLindsay and his daughters. We all fell in love with Finnish culture, and we couldn't be happier here.
Persons: , Andro Lindsay, It's, I've, Finn, Janne, Lindsay, Andro Lindsay I'm, I'm Organizations: Service, Business, Technical Research, of Finland, Helsinki Partners Locations: Santiago, Chile, Helsinki, Finland, Finnish, Santiago ., Seurasaari, Hietaranta
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