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☆ Russian oligarchs' superyachts have avoided the US west coast and the Mediterranean since Russia invaded Ukraine, heat maps show
▼ + stars: | 2023-02-25 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

Russian oligarchs' superyachts were detected in different regions after the Ukraine war began. Heat maps show oligarchs' yachts have avoided America's west coast and the Mediterranean. The MediterraneanSpire MaritimeSpire's data found that the Mediterranean was a hotspot for Russian oligarchs' superyachts before Russia invaded Ukraine. Turkey still offers a safe haven for Russian oligarchs' assets because it's yet to sanction Russia for its aggression against Ukraine. Arabian SeaSpire MaritimeSpire's data also honed in on the movements of Russian oligarchs' yachts around the Arabian Sea.

☆ From a horseback-riding model to a secret daughter: Meet the children of Apple cofounder Steve Jobs
▼ + stars: | 2023-02-24 | by ( Grace Kay | Aaron Mok | ) www.businessinsider.com time to read: +12 min

Steve Jobs left the bulk of his fortune to his wife, Laurene Powell Jobs, when he died in 2011. Later, he had Reed Jobs, Erin Jobs, and Eve Jobs with his wife, Laurene Powell Jobs. Meet Jobs' four children and his widow Laurene Powell Jobs, and see how his legacy helped his loved ones succeed. Erin Siena JobsErin Siena Jobs is the most private of Steve Jobs' children. Vianney Le Caer/Invision/APTwenty-four-year-old Eve Jobs, the youngest of Steve Jobs' children, is a model and an accomplished equestrian.

☆ Analysis: Russian economy holding up but the road back to prosperity may be long
▼ + stars: | 2023-02-23 | by ( Alexander Marrow | ) www.reuters.com time to read: +6 min

"The Russian economy and system of governance proved to be much stronger than the West supposed," President Vladimir Putin told Russia's political, military and business elite this week. 'GUNS NOT BUTTER'He also argued for sustainable domestic development and a self-sufficient economy, recalling a criticism levelled against Soviet leaders so focused on military spending they ignored people's welfare. But Russia is ramping up military spending, and diverting funds from hospitals and schools will ultimately hamper the development of civilian economic infrastructure. Prokopenko, who also highlighted the opportunity cost to the economy, said Russia's financial leadership had become used to navigating crises. Putin can be proud of his 'Fortress Russia' that his financial leadership built for him," she said.

☆ Marriott Ceo Tony Capuano on why he's betting on yachts
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott Ceo Tony Capuano on why he's betting on yachtsMarriott CEO Tony Capuano walks with CNBC's Seema Mody on board the Ritz-Carlton yacht and reveals why the world's largest hotel operator continues to diversify its travel offerings

☆ Putin tells business elite: Don't beg for Western money, invest in Russia
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

Summary This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. "Trying to run around with your hand outstretched, grovelling, begging for money, is pointless," Putin said in a televised address to Russia's political, military and business elite. "Launch new projects, make money, invest in Russia," he said. Either way, those estimates are a far cry from Moscow's early fears of a double-digit drop as Western sanctions hit. Putin extolled Russia's limited economic contraction last year as evidence of the country's resilience.

☆ Superyacht chef says life at sea serving the uber-rich is far from glamorous — from 'boat bites' and grueling 18-hour days to a guest who asked to 'heat the Adriatic'
▼ + stars: | 2023-02-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Former yacht chef Melanie White revealed what it's like to work at sea in a tell-all book. "We dwell on the threshold of the rich and famous," White wrote in a tell-all book about the industry that was released in October. Courtesy of Melanie WhiteIn the book, White breaks down the often grueling experience, which included working 18-hour days cleaning bathrooms and guest quarters. In the book, White compared her role to that of a fairy, magically and nearly invisibly doing tasks to please guests. Courtesy of Melanie White"The success of a business or boat lives and dies with the compatibility of the employees," White wrote.

☆ See the photos that won National Geographic’s ‘Pictures of the Year’ contest
▼ + stars: | 2023-02-17 | by ( Audrey Wan | ) www.cnbc.com time to read: +5 min

National Geographic announced the winning photographs from its first "Pictures of the Year" photo competition. The photo will be featured in an upcoming issue of National Geographic's U.S. magazine. Their photos will be published on National Geographic's Your Shot Instagram page, which has some 6.5 million followers. Salt wells on a hillside in the Salt Mines of Maras in Peru. An LiThe mines comprise around 4,500 salt wells, each of which produces some 400 pounds of salt per month.

☆ Perfect Valentine: Part of Croatia's heart-shaped island up for sale
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

GALESNJAK, Croatia, Feb 13 (Reuters) - Part of Croatia's unique heart-shaped Adriatic islet nicknamed by tourists the Island of Love is up for sale. There are no hotels, villas, or restaurants on the islet, but many celebrities and their yachts frequent Galesnjak every summer. Proceeds from the sale would be invested elsewhere in the local community, he said. "The island has an area of 142,000 square meters and slightly over 40,000 square meters is up for sale for the price of 13 million euros," he said, adding that potential buyers are calling every day. In 2019, scientists from the Department of Archaeology of Croatia's University of Zadar discovered traces of human habitation dating back 7,000 years ago.

☆ These heat maps show the dramatic change in the movements of oligarchs' superyachts since Russia invaded Ukraine
▼ + stars: | 2023-02-08 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

☆ U.S. Warns Banks to Watch for Russian Oligarchs Investing in Commercial Real Estate
▼ + stars: | 2023-01-26 | by ( Dylan Tokar | ) www.wsj.com time to read: +3 min

Banks should be on alert for Russian oligarchs attempting to circumvent U.S. sanctions by investing in commercial real estate, a U.S. Treasury Department watchdog said. Sanctioned individuals may try to use pooled investment vehicles or offshore funds to avoid due-diligence processes, FinCEN said in its alert. Sanctioned individuals could keep lowering their stakes to avoid detection, while still maintaining control of the fund, FinCEN said. Sanctioned individuals aren’t just investing in high-end or luxury properties, according to the alert. Federal prosecutors have warned that lawyers, consultants and other service providers who work for sanctioned individuals could run afoul of the law.

☆ Treasury imposes sanctions against Russian paramilitary firm Wagner Group
▼ + stars: | 2023-01-26 | by ( Amanda Macias | ) www.cnbc.com time to read: +5 min

A mural praises the Russian Wagner group and its mercenaries fighting in Ukraine on March 30, 2022 in Belgrade, Serbia. The Treasury Department identified the Wagner Group, led by Putin crony Yevgeny Prigozhin, as a "significant transnational criminal organization." Joint Stock Company Terra Tech, a Russian-based technology firm, for providing space and aerial imagery to the Wagner Group. Joint Stock Company Research and Production, a Russian space company supporting Russia's military activities in Ukraine. In addition, State announced steps to impose visa restrictions on 531 members of the Russian military for their role in Ukraine.

☆ Inside Ken Griffin's rise to one of Wall Street's most powerful people, and why politics could be next
▼ + stars: | 2023-01-23 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +30 min

JB and I are not on speaking terms these days," said Ken Griffin, the billionaire hedge-fund manager, referring to JB Pritzker, the Democratic governor of Illinois. As Florida rolled back pandemic restrictions more quickly than Chicago, even more Citadel employees migrated south. Ken Griffin's hedge fund has had a run of eye-popping returns since 2020. Others worry that it gives Griffin's hedge fund an unfair advantage. Hundreds of Citadel employees, partners, and families gathered at the Orange County Convention Center in Orlando Florida.

☆ Steve Jobs' nepo babies: From a model to a secret daughter, here's everything we know about the Apple cofounder's kids
▼ + stars: | 2023-01-19 | by ( Grace Kay | Aaron Mok | ) www.businessinsider.com time to read: +12 min

Steve Jobs left the bulk of his fortune to his wife, Laurene Powell Jobs, when he died in 2011. Later, he had Reed Jobs, Erin Jobs, and Eve Jobs with his wife, Laurene Powell Jobs. Apple, Laurene Powell Jobs, and Reed Jobs did not reply to requests for comment, nor did representatives for Lisa Brennan-Jobs and Eve Jobs. Since Jobs' death, Powell Jobs has been active in philanthropy and founded Emerson Collective in 2004 as a "social change organization." Erin Siena JobsErin Siena Jobs is the most private of Steve Jobs' children.

☆ The condo king of Miami bets his new Fisher Island luxury project can weather a recession
▼ + stars: | 2023-01-14 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

watch nowJust off the coast of Miami Beach, on ultra-exclusive Fisher Island, there is one crane on one construction site. It is the last plot of land available for development and an unlikely bet on luxury real estate at a time when the housing market appears to be in freefall. Jorge Perez, also known as "the condo king of Miami," and his Related Group are behind the 10-story, 50-unit project that boasts a sell-out price of $1.2 billion. The project includes a $90 million, 15,000 square foot penthouse and a $55 million ground-floor villa with a half-acre backyard. Miller added that the Fisher Island project, "may not sell in five minutes but it's not out of the realm of possibility even in this market."

☆ Four accused in Bulgarian probe of crypto lender Nexo -investigators
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

SOFIA, Jan 13 (Reuters) - Investigators looking into crypto lender Nexo on Friday said that four citizens of Bulgaria had been accused of participating in an organised crime group for money laundering as well as tax and computer fraud. Nexo had said after Thursday's operations that the raided office was not customer facing but has only back office functions. Some 35 artworks, including from Salvador Dali, Henri Matisse and Pablo Picasso, had been seized from one of the accused, investigators said. According to Bulgarian prosecutors $94 billion has gone through the Nexo platform in the past five years. Crypto lenders act like banks for the crypto world, offering customers interest on cryptocurrencies they deposit with the platform.

☆ China's navy is showing off a huge new ship designed to carry other warships around
▼ + stars: | 2023-01-09 | by ( Liu Zhen | South China Morning Post | ) www.businessinsider.com time to read: +4 min

Yinmahu is a semi-submersible heavy-lift ship that could ferry equipment and damaged ships. Chinese state TV recently showed the ship doing various maneuvres but didn't reveal its specifications. Footage showed the Yinmahu's departure, submerging, ship loading, lifting and transporting. The Chinese navy's first heavy-lift vessel, the Donghaidao (hull number 868) is known to have entered service in 2015. The semi-submersible heavy-lift ship can carry vessels over 100,000 tonnes.

☆ Roman Abramovich transferred superyachts and private jets worth $4 billion to his children just before the Ukraine invasion, report says
▼ + stars: | 2023-01-08 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Roman Abramovich transferred assets to his children before the Ukraine invasion, per The Guardian. Assets worth more than $4 billion were transferred to his seven children only three weeks before the start of the war, the report said. His children's beneficial interest in the trust's assets – including the Eclipse superyacht worth $700 million and shares in Russian companies – rose from 51% to 100%, per the report. Companies controlled by Abramovich's trusts had assets worth $2.5 billion at the end of 2021, per the reports. Abramovich seemingly reorganized other assets just weeks before the invasion of Ukraine.

☆ Inside the 'Fly Fleet': billionaire Google founder Sergey Brin's growing flotilla of megayachts, boats, and jet skis
▼ + stars: | 2023-01-06 | by ( Rob Price | Hugh Langley | ) www.businessinsider.com time to read: +3 min

In a quiet harbor in California's Redwood City, 30 miles south of San Francisco, there often sits a gleaming 40-meter yacht flying the flag of the Marshall Islands. Along with Butterfly, which often docks in Redwood City, California, Brin maintains a growing flotilla of yachts, jet skis, and skiffs. To maintain the fleet, Brin employs a 50-person team around the globe, led by the master mariner Mike Gregory. InsiderMany of Brin's smaller water-sports toys — as well as Page's — have been supplied by Kai Concepts, a startup that builds high-tech aquatic vehicles, including foilboards and a kite-propelled boat. While he spends much of his time at his collection of tropical islands around the world, he has sold his superyacht Senses and downsized to an assortment of smaller vessels.

☆ Tesla ≠ Apple. Elon Musk ≠ Steve Jobs. Cars ≠ iPhones.
▼ + stars: | 2023-01-06 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I'm Diamond Naga Siu, and today, we're looking at where tech workers are getting hired. Startups and Big Tech have major cultural differences, according to some startup founders. My colleague Rebecca Knight and I found that tech jobs remain abundant — they just aren't necessarily in the tech industry. Elon Musk ≠ Steve Jobs. Many industry experts are quick to compare Tesla to Apple and Musk to Jobs.

☆ Happy New Year! In 2023 kick out Trump, Elon Musk, Kanye and Depp
▼ + stars: | 2023-01-01 | by ( Lynn Stuart Parramore | Lynn Stuart Parramore Is A Cultural Historian Who Studies The Intersection Of Culture | Psychology | ) www.nbcnews.com time to read: +9 min

Though in far different fields, men like Ye (formerly known as Kanye West), Elon Musk, Donald Trump, Johnny Depp and Sam Bankman-Fried will forever be linked by this ignominious characteristic. Over the past 12 interminable months, America has witnessed the rantings of Hitler-loving Ye; Musk’s edgelord trolling on his new plaything, Twitter; Depp and his toxic TikTok fanboys; and Trump being Trump on any given day. While seemingly not vain like Ye or Depp or openly thuggish like Trump and Musk, he nonetheless exhibits traits that point to something sinister behind the “just-a-regular-dude” persona. Trump seems to be losing ground, and Republicans on the House Judiciary Committee finally took down their “Kanye. Musk asked Twitter users whether he should step down as CEO, and they voted “yes.”Unfortunately, until we address roots causes, there will always be another blustering bully, another Trump, another Ye.

☆ See inside 5 secret cabins on luxury yachts where crew members sleep and shower
▼ + stars: | 2023-01-01 | by ( Kate Duffy | Sam Tabahriti | ) www.businessinsider.com time to read: 1 min

There were two single bunks, wardrobes, and an ensuite bathroom. It was slightly more spacious than the other cabins I saw, although the window was still very small. Sam Tabahriti/Insider

☆ How billionaires like Jeff Bezos and Richard Branson spend their vacations, from cruising on yachts to visiting private islands
▼ + stars: | 2022-12-20 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +1 min

Vacations look a little different for the world's billionaire executives. For Jeff Bezos and Eric Schmidt, cruising in a luxury yacht may be on the agenda. But for the wealthy and powerful, vacations look a little different. Or there's Tim Cook, Apple's billionaire CEO, who spends his time away from running the iPhone-maker exploring America's national parks. Take a look at how some of the nation's most high-powered billionaire execs spend their vacations.

☆ The $45 Billion Desert City Hosting the World Cup Final
▼ + stars: | 2022-12-17 | by ( Jonathan Clegg | Joshua Robinson | ) www.wsj.com time to read: 1 min

LUSAIL, Qatar–The World Cup final will take place on Sunday in a giant golden basket of a stadium, located in the middle of a futuristic, $45 billion city called Lusail. Twelve miles north of Doha, it comes with skyscrapers, a university, wide-open boulevards and a marina for luxury yachts–all of it lit up like a petrostate Las Vegas. Twenty years ago, the entire city was no more than a pile of sand.

☆ 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.

☆ Qatar 2022: $480,000-per-week yacht plays host to super rich
▼ + stars: | 2022-12-12 | by ( Ben Church | ) edition.cnn.com time to read: +5 min

Doha, Qatar CNN —It’s been dubbed the ‘Arabian Riviera,’ where the streets are immaculate and are interspersed with luxury hotels offering shimmering views across the marina. Now in Doha, guests can organize limousines ferrying them to World Cup stadiums for the tournament’s games. Guests can also request to take the yacht out of the marina to view the city from afar. A superyacht World Cup stay offers something very different from some of the other accommodation available to guests in the city during the tournament. From tents in the desert to portacabins on the edge of Doha, World Cup organizers have had to be innovative in providing accommodation options to fans with the influx of an estimated 1.5 million people staying in a nation smaller than Connecticut.

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