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Cybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives. While companies are spending heavily on cybersecurity, personal and home devices are generally less protected, making them easier to crack. And despite their sizeable assets and growing threat of cyberattacks, family offices and wealthy families don't think of themselves as targets because hackings are rarely publicized. JPMorgan Private Bank offers cybersecurity help to its ultra-high net worth clients, along with lifestyle and travel services. "I think one of the misconceptions is that — particularly for family offices — 'we're small and nobody notices us.'
Persons: Bill Roth, Jeff Bezos, Saudi Crown Prince Mohammed bin Salman, Lauren Sanchez, Bill Gates, Elon Musk, It's, Bobby Stover, Ernst & Young, They're, Anwar Visram, HardTarget, Ileana Van Der Linde, I've, Visram Organizations: Saudi Crown, Ernst &, JPMorgan, JPMorgan Private Bank, Asset, Wealth Management, CNBC Locations: WhatsApp, Tinder
Bernard Arnault's wealth fell by about 20% between late March and late July, per Bloomberg data. There's been a drop in demand for luxury goods, and LVMH posted disappointing earnings this week. Arnault is still the world's third-richest person, with an estimated net worth of $185 billion. AdvertisementLVMH CEO Bernard Arnault's wealth is slumping amid a drop in demand for luxury goods. Still, Arnault remains the world's third-richest person, and the wealthiest outside the US.
Persons: Bernard Arnault's, There's, LVMH, Arnault, , He's, Elon Musk, Jeff Bezos Organizations: Bloomberg, Service, Elon, Business
Musk said in 2021 that Bezos "does take himself a bit too seriously" and that he's intentionally trying to provoke the former Amazon CEO. Musk has said Bezos should "spend more time at Blue Origin and less time in the hot tub." Musk added that while Bezos has a "reasonably good engineering aptitude," he doesn't seem to be spending a lot of "mental energy" getting into the details. "As a friend of mine says, he should spend more time at Blue Origin and less time in the hot tub," Musk said. Bezos tweeted in April 2022, the month Musk announced his plans to buy the social media site.
Persons: Musk, he's, Jeff Bezos, Lauren Sanchez, Bezos, Tesla Organizations: Amazon, Financial Times, Twitter Locations: China
And while he wants to tackle the world's biggest problems such as waste, impact isn't Deep Future's sole priority. Related storiesIn some ways, Deep Future's mission harkens back to Silicon Valley's roots, he said. As for Deep Future's investments, the challenge is whether the technology can be built and made cost-effective, ideally within its investment horizon of 10 years. One of Deep Future's portfolio companies, Descycle, is developing non-toxic chemicals to separate gold in electronics in landfills. Getting investors on board with mad scientistsWith Deep Future's niche, getting investors' attention has been easy, Holman said.
Persons: , Pablos Holman, Jeff Bezos's, Bill Gates, Michael Reid, Holman didn't, Holman, Matt Mullenweg, that's, Alfred Steiner, I'm Organizations: Service, Origin, Ventures Laboratory, Business, Investors, WordPress
It was because I knew that working in Big Tech in Silicon Valley would change me into a different person and I'd never move back. It's been 11 years since then, and I think I've gotten happier with my life here now that I've worked at a few different jobs in Big Tech. But despite this, working in the US suits me better than working in India because of my individualistic mindset. Some people back home think very competitively — they've hinted that they think I'm just plain lucky, and if they had the opportunity, they'd do it too and much better. Even if I had all the resources to go back to India, it'd be different — I've grown apart from who I was.
Persons: Uday Padyana, I'd, It's, I've, India I've, I'm, it's, they've, there's, , haven't, would've, India I'm, could've, it'd, Jeff Bezos's, Jane Zhang Organizations: Service, Big Tech, Big, Business, PayPal, Uber Locations: Silicon Valley, India, Big Tech, Silicon, Atlanta, Washington , DC, American, janezhang@businessinsider.com
At least, that's what real estate developer Rob Lauer envisions with his plans to build a spaceport near Las Vegas. Lauer, a former US Army military police officer, is the CEO of Las Vegas Spaceport. The spaceport would offer educational programs for potential flyers and a STEM programA rendering of a STEM academy by Las Vegas Spaceport. As smaller companies like Las Vegas Spaceport look to enter the industry, some travelers are already excited to take flight. Las Vegas Spaceport scored a win in May when the Clark County Commission "unanimously" approved construction permits for an airstrip, according to the Las Vegas Review-Journal.
Persons: , Rob Lauer, Lauer, George Rose, New Shephard, Jeff Bezos, Richard Branson's Virgin, it's Organizations: Service, US Army, Las, Business, Las Vegas, Billboard, Boca, FAA, Las Vegas Convention, Visitors Authority, SpaceX, Elon Musk's astronautics, Richard Branson's Virgin Galactic, Pew Research Center, Las Vegas Executive, Vegas, Clark Locations: Nevada, Las Vegas, Las, United States, Boca Chica, New, Clark, Nye County, Southern Nevada
Definition and types of credit card fraudCredit card fraud is a type of fraud that involves the unauthorized use of your credit card information. Credit card fraud can majorly impact your credit score and finances. Preventing credit card fraudCredit card fraud is still a problem for one simple reason: It continues to work. Frequently asked questions about credit card fraudWhat are the signs of credit card fraud? If you lose your credit card, report it immediately to your credit card issuer to prevent unauthorized use.
Persons: , It's, Jeff Bezos, you'll, Wells Fargo, Banks Organizations: Service, Electronic, American Express, Citi
The key to success is to never stop trying to learn new things, according to Amazon CEO Andy Jassy. "You have to be ravenous and hungry to find ways to learn," Jassy said last week in a video posted by Amazon about the company's famous list of 16 leadership principles, originally penned by founder Jeff Bezos. One of those principles, "Learn and Be Curious," says the best leaders "are never done learning and always seek to improve themselves." Jassy said he's seen that ability make the biggest difference between people who successfully grow their careers and those who remain "stagnant." Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Andy Jassy, Jassy, Jeff Bezos, he's, Aneesh Raman, Bezos, Julia Stewart, Stewart, I've, I'm Organizations: Amazon, CNBC
Read previewLast week, the ultrawealthy flocked to Idaho for Allen & Co.'s annual Sun Valley Conference. Pops of red and the classic tech-bro vest were in at Sun Valley 2024, but the weekend's standout style trend was a smaller accessory: tinted sunglasses. AdvertisementColorful sunglasses were the hit accessory of Sun Valley 2024Oprah Winfrey and Gayle King at the Sun Valley Conference 2024. Diane von Furstenberg and Barry Diller at the Sun Valley Conference 2024. Lauren Sánchez and Jeff Bezos at the Sun Valley Conference 2024.
Persons: , Oprah Winfrey, Gayle King, Kevork Djansezian, you'll, Winfrey, Diane von Furstenberg, Barry Diller, Brian Grazer, Jeff Bezos, Lauren Sánchez, Kim Appelt, Appelt, Justin Bieber's, Pattie Mallette, Holly, you've, Holly Sharma, Linda Farrow, Gucci, Linda Farrow's, Kadri Organizations: Service, Allen & Co, Sun Valley Conference, Business, Sun, Valley Conference Locations: Idaho, Sun
Read previewProminent tech CEOs and billionaires condemned the shooting at a Trump rally on Saturday, with some voicing their support for former President Donald Trump. "I fully endorse President Trump and hope for his rapid recovery," Musk wrote on X. Airbnb CEO Brian Chesky said in a statement posted on X that he was "thankful President Trump wasn't seriously injured." "A full and speedy recovery to President Trump. There is no room in our country for political violence," he wrote.
Persons: , Donald Trump, Biden, Mark Cuban, Joe Biden, Tesla, Elon Musk, Trump, Musk, David Sacks, Shaun Maguire, Sacks, Marc Andreessen, Andreessen Horowitz, Tim Cook, Trump's, Mark Zuckerberg, Jeff Bezos, Bezos, Satya Nadella, Brian Chesky, Trump wasn't, Marc Benioff, hasn't Organizations: Service, Trump, Business, Secret Service, Bloomberg, PAC, Biden Administration, Big Tech, Apple, Amazon, Microsoft Locations: Butler , Pennsylvania, Cuban, America
Read previewJeff Bezos commended Donald Trump after a rally shooting in Butler, Pennsylvania, on Saturday, breaking a nearly nine-month hiatus on X. So thankful for his safety and so sad for the victims and their families," the Bezos wrote on X. AdvertisementIn 2019, Trump mocked Bezos, calling him "Jeff Bozo," appearing to revel in his impending divorce with MacKenzie Scott. The former president also bashed The Washington Post, which Bezos owns. Glad that President Trump is safe and hoping he recovers quickly," Jassy wrote on X.
Persons: , Jeff Bezos, Donald Trump, Trump, Bezos, Jeff Bozo, revel, MacKenzie Scott, Andy Jassy, Jassy Organizations: Service, Business, Big Tech, Amazon, Washington Post, Amazon Washington, Department of Defense, Microsoft, Web Services, The Department of Defense, Trump Locations: Butler , Pennsylvania, Pennsylvania
Insider Today: Trump survives shooting
  + stars: | 2024-07-14 | by ( Matt Turner | ) www.businessinsider.com   time to read: +3 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The world is waking up in shock this morning after former President Trump survived a shooting at a rally in Pennsylvania. Steve Granitz/FilmMagic; iStock; Rebecca Zisser/BINot all self-driving cars are created equalTesla employees say they were told to prioritize data from self-driving cars belonging to Elon Musk and other VIPs. AdvertisementCompanies are using AI to mine users' data, in order to determine and charge the highest price you're willing to pay. Advertisement— Michael Guan, CEO and cofounder of Final Round AI, whose AI "magical teleprompter" can help people ace job interviews.
Persons: , Trump, Steve Granitz, Rebecca Zisser, Elon Musk, Tyler Le, Chelsea Jia feng, Andy Jassy, Mike Blake, Chelsea Jia Feng, Andy Jassy's, Jeff Bezos, Jassy, Michael Guan Organizations: Service, Business, Citi, Chelsea Locations: Pennsylvania
Jeff Bezos sells more Amazon shares
  + stars: | 2024-07-12 | 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 EmailJeff Bezos sells more Amazon sharesCNBC's Robert Frank joins 'Squawk on the Street' to discuss the latest news on Amazon founder Jeff Bezos.
Persons: Jeff Bezos, Robert Frank Organizations: Amazon
But for now, we're turning to Wall Street in our big story, as big banks gear up to report their earnings. The big storyEarnings to watchMomo Takahashi/BIJust like that, it's Wall Street earnings season once again. Wall Street banks have been waiting for M&A, IPOs, and other fee-generating corporate dealmaking to come roaring back for two years. In May, the CEO shocked Wall Street by saying he plans to step down in the next five years . Will banks start charging for everyday consumer products like checking accounts?
Persons: , Joe Biden's, Sen, Peter Welch, Biden, Momo Takahashi, Wells, Goldman Sachs, Morgan Stanley, Kaja Whitehouse, Jamie Dimon's, Kaja, Jefferies, Jamie Dimon, Wall, Marianne Lake, We're, Larry Fink, Jenny Chang, Rodriguez, Neil Dutta, Tesla's, Elon Musk, Jeff Bezos, Rich Guy, Alyssa Powell, Andrei Cojocaru, David Zaslav, isn't, Joe, Zaslav, Jordan Parker Erb, Lisa Ryan, Joe Ciolli, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democrat, Democratic, Hollywood, NATO, Business, showtime, JPMorgan, Citigroup, BlackRock, Bank of America, Getty, Warner Bros, Discovery, Air Lines, PepsiCo, Bureau of Labor Statistics Locations: New York, Chicago, London
Amazon founder and CEO Jeff Bezos got his start working the grill at McDonald's. Jeff Bezos worked at McDonald's as a teenager. In Cody Teets' book "Golden Opportunity: Remarkable Careers That Began at McDonald's," Bezos revealed he worked the grill and that the job taught him responsibility. Business Insider previously reported that Bezos worked at McDonald's over the summer when he was a teenager — and that Bezos' father had also been a McDonald's employee. He had a lot of teenagers working for him, and he kept us focused even while we had fun."
Persons: Jeff Bezos, Amy Harris, Bezos, Cody Teets, , Teets Organizations: Forbes, Business Locations: McDonald's
Elon Musk's net worth soared to $274 billion after Tesla stock's 10-day stock win streak. AdvertisementElon Musk's net worth soared by $67 billion amid a long winning streak for Tesla stock through Tuesday's trading session, once again making him the world's richest person. The 10-day surge propelled Musk's net worth to $274 billion, according to data from Bloomberg. As Tesla stock hit its 52-week low in April, Musk's net worth declined by $65 billion on a year-to-date basis. But since Tesla stock bottomed, Musk's net worth has zoomed higher by $110 billion.
Persons: Elon, Tesla, Jeff Bezos's, , Musk, Uber, Neil Roarty, Jeff Bezos Organizations: Service, Elon, Tesla, Bloomberg, Business, SpaceX, Musk, The Boring Company
"Jeff is extremely focused, as you can imagine," Sánchez told Longoria of her and Bezos' "philosophy" for philanthropy. Lauren Sánchez and Jeff Bezos work on the Bezos Earth Fund togetherMuch of Longoria and Sánchez's conversation focused on her and Bezos' work on the Bezos Earth Fund. Sánchez serves as the vice chair of the Bezos Earth Fund, helping Bezos and the organization's staff determine where to invest. "Jeff always says, 'We have to invent our way out of this,'" Sánchez told Longoria. "The meat that they're making now tastes so good," Sánchez told Longoria.
Persons: , Lauren Sánchez, Jeff Bezos, Sánchez, Eva Longoria, Longoria, Robin L Marshall, MacKenzie Scott, Jeff, Bezos, Forbes, Lauren Sanchez, fiancé Jeff Bezos, Cindy Ord, MG24, I've Organizations: Service, Hollywood, Business, Elle Women, Fund Locations: Mexico
Jeff Bezos sells $863.5 million worth of Amazon shares
  + stars: | 2024-07-09 | 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 EmailJeff Bezos sells $863.5 million worth of Amazon sharesCNBC's Kate Rooney joins 'Closing Bell Overtime' with breaking news on Jeff Bezos recent selling of Amazon shares.
Persons: Jeff Bezos, Kate Rooney Organizations: Amazon
Spatial intelligence allows robots to navigate and interact with their environment more efficiently, which means that robots can perform more complex tasks with higher precision and adaptability. AdvertisementEven so, investors say that spatial intelligence represents a quantum leap for the robotics industry, a space already benefiting from an AI boom. Lior Susan, CEO and founder of Eclipse Ventures, is betting that the difficulty of building AI with spatial intelligence will yield bigger returns in the future. "You see this boom of generative AI startups that are actually buying a lot of compute that do not have a business model yet," Susan said. Big tech is rolling in, tooBigger tech companies are also gearing up to compete in robotics' spatial intelligence race—both as builders and investors.
Persons: , Andreessen Horowitz, Catalyst, Howard Morgan, Max Rimple, Erin Price, Wright, Fei, Fei Li, Kanu Gulati, Khosla, , Gulati, Lior Susan, Susan, Jeff Bezos, Jensen Huang Organizations: Service, Khosla Ventures, Business, B Capital, Catalyst, Lightspeed Venture Partners, Coatue Management, Stanford University, Eclipse Ventures, Intelligence, Lux, Sequoia Capital, Microsoft, Nvidia, Carbon Robotics, AIs Locations: LLMs, OpenAI, Lux Capital, Taipei
The vibe is trail-dad chic — think puffy Patagonia vests and Apple watches and stealth-wealth cashmere pullovers. Sun Valley is also widely believed to be the place where Jeff Bezos decided to buy The Washington Post, and the site of the meet-cute between Comcast and NBC Universal. There are also some notably absent names from the guest list this year. Bob Iger, CEO of Disney and one of the most recognizable business leaders on the planet, wore a name tag and aviators at last year's Sun Valley summit. Questions about President Joe Biden’s ability to campaign have wealthy donors and Democratic officials in a tizzy.
Persons: , Jeff Bezos, Warren Buffett, Sam Altman, Bob Iger, Tim Cook, Meta’s Mark Zuckerberg, Google’s Sundar Pichai, Rupert Murdoch, Oprah Winfrey, David Zaslav, Zaslav, Kevin Dietsch, There’s Buffett, Greg Abel, Buffett, Astrid, Elon Musk, Joe Biden’s, Gretchen Whitmer, Josh Shapiro, Wes Moore, Biden, it’s, Hamilton Nolan Organizations: New, New York CNN, Friedman, Allen & Company, Washington Post, Comcast, NBC Universal, Idaho Mountain Express, Disney, Warner Bros, Bloomberg, Variety, Discovery, Paramount, Democratic Locations: New York, Hailey , Idaho, Sun Valley , Idaho, Idaho, America, Sun
Billionaires and business moguls are touching down in Sun Valley for the Allen & Company conference. The annual event, known as 'summer camp for billionaires,' draws the biggest names in tech and media. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe annual cacophony over Sun Valley, Idaho, has officially begun as billionaires and business moguls descend to coopt the small town — population: 1,783 — for the annual Allen & Company Sun Valley Conference.
Persons: , Jeff Bezos Organizations: Allen & Company, Service, Allen & Company Sun Valley Conference, Washington Post, ABC, Disney Locations: Sun Valley, Sun Valley , Idaho, Sun
Jeff Bezos gave some advice years ago that's still relevant in the AI boom today. However, he says you build a winning business strategy around "the things that are stable in time." AdvertisementA piece of business advice Jeff Bezos shared years ago is as relevant as ever in the AI age. "I very frequently get the question, 'What's going to change in the next 10 years?' "I almost never get the question, 'What's not going to change in the next 10 years?'
Persons: Jeff Bezos, , Bezos Organizations: Amazon, Service, Business
This person is one of over a dozen Amazon employees, investors, and analysts that BI interviewed to better understand Jassy's first 3 years as CEO. Andy Jassy replaced Jeff Bezos (pictured here) as Amazon's CEO in July 2021. In his first 3 years as CEO, Jassy has lost many senior staff. Amazon's spokesperson said the company has "strong retention and continuity" among senior leaders. Amazon's spokesperson said the company is making "huge investments" in AI across AWS and the retail business.
Persons: , Andy Jassy, Jeff Bezos, Jassy, Bezos, EMMANUEL DUNAND, Mark Shmulik, Bernstein, Bernstein's Shmulik, He's, Shmulik, Amazon's, That's, spokespeople, Jassy doesn't, Doug Herrington, Jay Carney, Dave Limp, Adam Selipsky, Dave Clark, Clark, Ted S, Babak Parviz, Parviz, Mark Mahaney, We're, Jeff Organizations: Service, Business, Amazon, Washington Post, BI, Warren, Echo, Microsoft, AWS Locations: Seattle
In past years, media companies chased high subscriber numbers in an attempt to best each other. Nathaniel S. Butler | National Basketball Association | Getty ImagesWith the NBA's media rights negotiations still ongoing, sports will remain a topic of conversation at this year's gathering. League commissioners, especially the NFL's Roger Goodell, are often attendees of the Sun Valley conference. Discovery has been weighing whether to match a competing offer for the media rights as the league looks to finalize smaller package deals. Sports remain the glue holding the traditional pay-TV bundle together, and has proven invaluable for streaming services, too.
Persons: Drew Angerer, Discovery's David Zaslav, Bob Iger, Dana Walden, Alan Bergman, Josh D'Amaro, Hugh Johnston, Ted Sarandos, Greg Peters, Andy Jassy, Jeff Bezos, Tim Cook, it's, Shari Redstone, Neil Begley, Redstone, David A, Barry Diller —, Paramount —, Jeff Shell, Max, Jonathan Miller, Begley, Sun, Mark Boidman, Dwyane Wade, Nathaniel S, Butler, Roger Goodell, Miller, Donald Trump, Joe Biden, Andrew Harnik Organizations: Getty Images Media, titans, Allen, Co, Warner Bros, Netflix, Apple, Amusements, Paramount Global, Paramount, Moody's Investors Services, Co . Media, Technology Conference, Grogan, CNBC, Media, Shell, Disney, Hulu, ESPN, Fox Corp, Integrated Media, Hollywood, Solomon Partners, Sports, NBA, National Basketball Association, Getty, League, Sun, NFL, YouTube, Amazon Locations: Sun Valley , Idaho, Sun, Idaho, Atlanta
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewGulfstream's G650ER is popular with billionaires including customers like Elon Musk, Jeff Bezos, and Bill Gates. This story is available exclusively to Business Insider subscribers. While the G700 had previously been displayed at the Paris Air Show, I was among the first to tour one post-certification when it was displayed at a business aviation conference in Switzerland.
Persons: , Elon Musk, Jeff Bezos, Bill Gates, Musk Organizations: Service, Elon, Federal Aviation Administration, Business, Paris Air Locations: Switzerland, Texas
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