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They wish to remain anonymous, only to say that they were "over the moon" about winning the jackpot, lottery officials say. Despite the reduced payout and upfront tax costs, a lump sum payment is the most commonly chosen payout. After taxes, the total payout comes to about $453 million between the two winners, or $250 million each. That's because with the lump sum option, the $780.5 million payout would be subject to a 37% federal income tax, the highest bracket for top earners. The odds of winning the Mega Millions jackpot are 1 in 302.5 million, according to MegaMillions.com.
Shareholders welcome activist investors, says Kevin O'Leary
  + stars: | 2022-09-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShareholders welcome activist investors, says Kevin O'LearyVenture Capitalyst Kevin O'Leary joins the 'Halftime Report' to discuss Wix stock soaring after an activist investor group took a stake in the company, underscoring how the activist investors movement benefits shareholders.
Investment strategies for housing stocks
  + stars: | 2022-09-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestment strategies for housing stocksVenture Capitalist Kevin O'Leary and SVB CIO Shannon Saccocia join 'Halftime Report' to discuss demand in housing markets, mortgage rate hikes and homebuilder stocks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPro Picks: Watch all of Monday's big stock calls on CNBCJim Cramer, Christian Wetherbee of Citi, Jason Helfstein of Oppenheimer & Co., Venture Capitalist Kevin O'Leary, Joe Terranova of Virtus Investment Partners, and Shannon Saccocia of SVB Private Bank on why they are buying, selling, or holding specific stocks and ETFs.
Over more than a decade on ABC's "Shark Tank," billionaire Mark Cuban has seen his share of good investments — and bad ones. Last week, Cuban told the "Full Send" podcast that after investing nearly $20 million in 85 startups on "Shark Tank," he's taken a net loss across all of those deals combined. In 2013, an entrepreneur named Charles Michael Yim went on "Shark Tank" to pitch his product, the Breathometer, as "the world's first smartphone breathalyzer." Charles Michael Yim pitches the Breathometer on ABC's "Shark Tank" in 2013. "It was a great product," Cuban said last week.
Selling a company for billions of dollars didn't immediately upgrade Mark Cuban's life. "When I sold my company for billions of dollars, to go and celebrate, I was on a Southwest flight," Cuban told ABC News earlier this year. In 1999, Cuban and his Broadcast.com co-founders sold their company to Yahoo for $5.7 billion in stock. "That served me a long, long time." Buying a private jet "was my all-time goal," Cuban told Money in 2017.
He's impressed Kevin O'Leary, O'Shares ETFs chairman and judge on CNBC's new show "Money Court," who watched Mehta's financial journey with interest. That said, some of Mehta's money moves can be adapted by just about anyone who wants to better their finances. He's doing so well, in fact, that O'Leary has trouble finding fault with much of anything. Watch the full video to see what else O'Leary has to say about Mehta's finances. Sign up now: Get smarter about your money and career with our weekly newsletterDon't miss: How this 25-year-old real estate investor earning $515,000 a year spends his money
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