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Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. As of July 15, six homes in the U.S. have sold for more than $100 million, according to data from Miller Samuel and Douglas Elliman. If the sales pace continues, it would more than double last year's total and likely eclipse the record of nine homes sold for over $100 million in 2021. But sales of homes priced at $50 million, $20 million and even $10 million are all signaling a strong rebound for the ultra-luxury real estate market after its decline in 2023. A penthouse at Central Park Tower — the tallest residential building in the world — closed for $115 million to an unknown buyer.
Persons: Robert Frank, Miller Samuel, Douglas Elliman, Jonathan Miller, Aman, Vladislav Doronin, Oakley, James Jannard Locations: U.S, Manhattan, York, Russian, Palm, Tarpon Island, California
Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.
Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu
In July 2024, the property also doubled as the new "Bachelor" mansion. Jesse Palmer and Jenn Tran on "The Bachelorette." John Fleenor/Disney"The Bachelor" premiered in 2001. For the first couple of seasons, it filmed at a mansion in Malibu, but beginning in 2007, almost every season of the franchise (with a few exceptions) has kicked off at a mansion called Villa de la Vina in Agoura Hills. Those latter seasons were held at their respective locations due to restrictions during the COVID-19 pandemic.
Persons: Jesse Palmer, Jenn Tran, John Fleenor, Emily Maynard's, Clare Crawley's, Matt James, Katie Thurston's, Michelle Young's Organizations: la, Hyatt Locations: Malibu, Agoura Hills, North Carolina, California, Pennsylvania, New Mexico
Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.
Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, , Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu
Laurene Powell Jobs has purchased a $70 million home in San Francisco, The Wall Street Journal reported. Powell Jobs bought a $94 million property in Malibu in June. 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 . AdvertisementBillionaire Laurene Powell Jobs has purchased a mansion for around $70 million in the Pacific Heights neighborhood of San Fransisco — a record price for a home in the city, The Wall Street Journal reported, citing unnamed people familiar with the transaction.
Persons: Laurene Powell Jobs, Powell Jobs, , Steve Jobs, Sloan Lindemann Barnett, Roger Barnett Organizations: Street Journal, Powell, Service, Emerson, Apple, Shaklee Corp, Business Locations: San Francisco, Malibu, Pacific Heights, San Fransisco
The Van Epps family left behind two dogs, a stunned and grieving community, and an untold number of priceless memories. The Van Epps family in an undated photo from several years ago. The Van Epps family took a different route. James Ryan Van Epps pitched in a baseball tournament the morning of the plane crash. Courtesy Ansley Van EppsMeanwhile, she and others who loved the Van Epps family took care of other priorities.
Persons: Georgia CNN —, Ansley Van Epps, , Ryan Van Epps, Laura, Harrison, James Ryan, Roger Beggs, Van Epps, Regan Burr, Burr, Ryan’s, Ansley, Ryan, Christine Clements, Christine Marie, “ Harrison, Stefanie Gammage, ” Harrison, Rich Dennis, , ” James Ryan, Brent Bechard, James Ryan’s, They’d, Chase Timms, Roger, James Ryan Van Epps, Erik Rank, Timms, ” Timms, , , Piper, It’s, Walker, Laura wouldn’t, D.J, Jason, who’d, “ James Ryan Organizations: Georgia CNN, Perimeter, Roswell United Methodist Church, Roswell High School, Ridge Christian School, North Atlanta Football Club, Blue Jays, Baseball Hall of Fame, Mirage, Cooperstown, Team Elite National, Elite, Oneonta Municipal, National Transportation Safety Board, NTSB, JFK, Delta Airlines Locations: Milton, Georgia, New York, Catskill, Alpharetta, , Cooperstown, Savannah, Oneonta, Charleston , West Virginia, Atlanta, Lake Cecil, Masonville , New York
James Jannard listed a Beverly Hills compound for $68 million shortly after his record Malibu sale. The Oakley founder recently set a record with a $210 million Malibu mansion sale, surpassing Jay-Z. Jannard's net worth is an estimated $1.3 billion, per Forbes. AdvertisementJust days after making a record-breaking Malibu mansion sale for $210 million, Oakley founder James Jannard is back with another mammoth listing. The sunglasses mogul just put his Beverly Hills cement compound up for sale at $68 million, as first reported by Realtor.com.
Persons: James Jannard, Jay, , Oakley, Realtor.com, Jannard Organizations: Malibu, Oakley, Forbes, Service, Beverly, Business Locations: Beverly, Malibu
The second trip came with a significantly higher price tag of $38,000. Gladys TsoiOur first trip to Japan included two other poodle friends, while our second trip in April 2024 was a family affair with my parents and brother. For the second trip, we opted for a private jet both ways. Gladys TsoiOur second trip, which took place in April, lasted 8 days and covered 10 prefectures. Our road trip took us through Fukuoka, Oita, Yufuin, Kumamoto, Beppu, Nagasaki, Yanagawa, Sasebo, and Itoshima.
Persons: , Gladys Tsoi, we'd, splurging, Hershey, Milo, mutt, Mount Fuji, Tsoi, Mount Aso, I'm Organizations: Service, Business, Hong Kong International Airport, Hershey, Japan, Mount, Korean Air, Japan Airlines Locations: Hong Kong, Japan, Malibu, Tokyo, Hakuba, Osaka, Kyoto, Nara, Izu, Seoul, Inumo Shibakoen, Shibuya, Mount Omuro, Kyushu, Fukuoka, Oita, Yufuin, Kumamoto, Beppu, Nagasaki, Yanagawa, Sasebo, Nampuro, Milo
Sunglasses mogul James Jannard broke a California record with the sale of his $210 Malibu home. Last year, Jay-Z and Beyoncé had set a record after selling their $200 million Malibu compound. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Jannard sold his Malibu mansion for $210 million, first reported by the Los Angeles Times. The new owner's name is shrouded behind an anonymous LLC, the Times reported.
Persons: James Jannard, Jay, Beyoncé, , Oakley, Jannard Organizations: Malibu, Service, Los Angeles Times, Times Locations: California
Land Art in Malibu Gets a Second Chance
  + stars: | 2024-06-19 | by ( Jori Finkel | ) www.nytimes.com   time to read: +1 min
Lita Albuquerque made a strange sort of painting in 1978 that changed her course as an artist. An abstract painter at the time, she had felt the urge to get out of her studio and work directly on the land where she lived, an artist’s colony on the bluffs of Malibu. She dug a narrow, shallow, 41-foot-long trench in the ground, running perpendicular to the Pacific Ocean, and poured powdered ultramarine pigment into it. She called it “Malibu Line” and it was the first of her many earthworks exploring the body’s relationship to land and cosmos, using bold pigments on natural materials like rocks and sand. Albuquerque, though, had a light touch, and the original “Malibu Line” disappeared within two years, overgrown by grass and wildflowers.
Persons: Lita Albuquerque, Robert Irwin —, Michael Heizer, Robert Smithson, Locations: Malibu, Albuquerque
When consumer sentiment falters or the economy starts to teeter, RV sales follow suit, said Michael Hicks, an economics professor at Ball State University and director of Indiana University’s Center for Business and Economic Research. “People don’t make these large, luxury purchases unless they’re actually feeling better about the economy,” said Hicks, who follows the RV industry closely. “It’s so sensitive to interest rate changes, which often precede a downturn.”A Winnebago travel trailer at Motor Sportsland RV dealership in Salt Lake City on April 6, 2020. Nika Shneyder and her father and business partner, Alex Shneyder, standing by a Chill RV in Malibu RV Park, California, in 2019. They moved down to a historically strong, but noticeably smaller, 493,000 the next year, according to data from the RV Industry Association.
Persons: That’s, Nika Shneyder, “ We’re, ” Shneyder, , Michael Hicks, , Hicks, George Frey, bode, ” Michael J, Happe, hasn’t, We’ve, we’ve, Covid, Alex Shneyder, Nika, they’d, Monika Geraci, David Titus, Ty Wright, there’s, Ball State’s Hicks, ’ Titus, they’re, we’ll, Titus, ” Titus Organizations: CNN, Ball State University, Indiana University’s Center for Business, Economic Research, Bloomberg, Getty, Winnebago Industries, RV Industry, Dealers, RVs, Consumers, HL Enterprise, Manufacturing, of Labor Statistics Locations: Los Angeles, teeter, Salt Lake City, YOLO, Malibu, , California, Elkhart , Indiana, The Northern Indiana, South Bend, Elkhart, , Elkhart .
Laurene Powell Jobs has dropped millions of dollars on four adjacent oceanside properties in Malibu. The billionaire investor recently spent $94 million on a property, the LA Times reported. AdvertisementLaurene Powell Jobs, the billionaire investor and widow of the Apple founder Steve Jobs, recently dropped $94 million on a prime oceanfront property in Malibu, California, the Los Angeles Times reported. The Paradise Cove plot is the latest addition to Powell Jobs' growing portfolio of properties in one of the country's most affluent neighborhoods. Since 2015, Powell Jobs has spent more than $170 million on neighboring Malibu properties in an apparent effort to build a sprawling compound on some of Southern California's most expensive cliffs.
Persons: Laurene Powell Jobs, , Steve Jobs, Powell Jobs Organizations: LA Times, Service, Apple, Los Angeles Times, Business Locations: oceanside, Malibu, Paradise, Malibu , California, Southern
Ye, formerly Kanye West, apparently has an ongoing beef with stairs. One lawsuit against Ye included allegations that the artist is "reportedly" afraid of stairs. Ye also tried to replace the stairs inside his concrete Malibu home with a ramp, per The New Yorker. AdvertisementYe's apparent bad blood with staircases appears to run so deep that the rapper, formerly known as Kanye West, tried to replace the stairs inside a rare Malibu home designed by a famed Japanese architect. The home — one of a handful of residential properties in the US designed by the iconic Japanese architect Tadao Ando — is the subject of an ongoing lawsuit filed by Tony Saxon.
Persons: Ye, , West, Tadao Ando —, Tony Saxon Organizations: Kanye, Service, Business Locations: Japanese, Malibu, Southern California
Read previewVisitors to the National Gallery of Australia have surged by 24% since reports first emerged that the country's richest person had tried to get an unflattering portrait of her taken down, the gallery's director has said. The estimates hearing was called to discuss Rinehart's donation of an approved portrait of herself to Australia's National Portrait Gallery. Rinehart is the daughter of iron ore magnate Lang Hancock. AdvertisementOne of the company's main assets is the Roy Hill iron ore mining project. The project is located in Western Australia's Pilbara region and currently delivers "60 million tonnes per annum of iron ore to international markets," according to the official website.
Persons: , Nick Mitzevich, We're, Gina Rinehart, Vincent Namatjira, Barbra Streisand's, Streisand, Jason Reed, Namatjira, Bree Pickering, Rinehart, Pickering, Rinehart . Rinehart, Lang Hancock Organizations: Service, National Gallery of Australia, Business, Sydney Morning Herald, Hancock, National, Australia's, Australian Broadcasting Corporation, Bloomberg Locations: Malibu, Hancock, Western Australia's
Everyone you know is going on a cruise
  + stars: | 2024-05-27 | by ( Harriet Baskas | ) www.cnbc.com   time to read: +2 min
Benjamin Xiang, a San Francisco-based flight attendant, went on his first cruise last August, setting aside his reservations about "cruise people" and a type of trip he'd imagined would be "not my travel style." He's among the many cruise newbies who've helped power the industry's recent growth. Some 27% of cruise passengers over the past two years have been first-timers, up 12% from the prior two-year period, according to the Cruise Lines International Association (CLIA), a trade group. That's exactly what cruise operators are hoping for, and so far they're getting it: 82% of all cruisers say they'll book again, CLIA's latest report found. After welcoming 31.7 million passengers last year, 7% more than in 2019, the industry expects volumes to swell to 34.7 million by the end of 2024.
Persons: Benjamin Xiang, he'd, Xiang, who've, Will, CLIA's, Jennifer Klaussen Organizations: Voyages, Cruise Lines International Association, Sundari Locations: San Francisco, Barcelona, Mallorca, Ibiza, Malibu , California
While public auction sales are declining in the art world, private sales — done behind closed doors between discreet buyers and sellers — are growing. Classic cars are also seeing a shift to private sales, especially with the most expensive and rare models. But its newly formed RM Sotheby's private sales division has seen its sales more than quadruple over the past four years, according to Shelby Myers, global head of private sales for RM Sotheby's. The rise in private sales for classic cars, art, real estate and other markets is being driven by social media, technology and cooling prices for collectibles. "They're leaving money on the table," said real estate broker Noble Black of Douglas Elliman.
Persons: Robert Frank, Phillips, Christie's, Mark Rothko, Ken Griffin, Ferraris, Shelby Myers, We've, Myers, Patrick Dovigi's, Steve Wynn, Thomas Peterffy —, Douglas, Ernie Carswell, Carswell, He's, Noble Black, Douglas Elliman Organizations: Christie's, CNBC, Sotheby's, Hamptons, Malibu , Bel Air, Beverly Locations: Sotheby's, Christie's, Manhattan, Malibu, Aspen, Palm, Manhattan's Greenwich, Palm Beach, Los Angeles, New York, Eastern, Palm Springs, Malibu ,
The Chevy Malibu Was So Uncool It Was Cool
  + stars: | 2024-05-09 | by ( Jim Windolf | ) www.nytimes.com   time to read: 1 min
If you asked a child to draw a car, the result would probably be something that looked like the Chevrolet Malibu. For decades, this dependable midsize vehicle was a stalwart of the American road. Because that kind of thing is no longer in demand, it came as no surprise when General Motors announced on Wednesday that it would discontinue the model as it shifts its focus to sport utility vehicles and electric cars. The Malibu never had the back-alley glamour of the Chevrolet Camaro or the brute force of the Chevrolet Impala. It was the ultimate normcore-mobile, made for a time when Americans were content to drive simple, gas-powered sedans, rather than rugged S.U.V.s, high-riding pickup trucks or electric vehicles that cruise along in near silence.
Organizations: Chevrolet, General Motors, Malibu Locations: Chevrolet Malibu
CNN —The Chevrolet Malibu, the last sedan still sold by General Motors’ biggest selling brand, will end production this year, the company announced. Malibu production will end in November as the factory that builds it, the Fairfax Assembly Plant in Kansas City, Kansas, is reconfigured to build a new generation of the Chevrolet Bolt EV. Chevrolet stopped making its Mustang competitor, the Camaro, last year. The Malibu was introduced back in the 1960s as a more luxurious version of the Chevrolet Chevelle, called the Chevelle Malibu. The Malibu model line ended production in 1983 but was brought back again in 1997, and has been in production since then.
Persons: Ford, Jackson, Barrett Organizations: CNN, Chevrolet Malibu, General Motors, Fairfax Assembly Plant, Chevrolet Bolt, Motors, Chevrolet, Taurus, Malibu, Barrett, Getty, Cox Automotive, Honda Accord, Toyota Camry, Camry, GM Locations: Malibu, Fairfax, Kansas City , Kansas, United States
General Motors said on Wednesday that it would stop making the Chevrolet Malibu, the last affordable sedan in its U.S. model lineup and a venerable nameplate that was introduced in the 1960s when the company was a dominant force in the U.S. economy. For years, American drivers have been gravitating toward sport utility vehicles and away from sedans, compacts and hatchbacks. G.M.’s two Detroit rivals, Stellantis and Ford Motor, have also largely wiped their slates clean of cars in the United States. Last month, Subaru, a Japanese automaker, said it would stop making its Legacy sedan next year. produces the Malibu at a plant in Fairfax, Kan., and will continue to manufacture the car until later this year, when it plans to retool the factory to make a new version of the Chevrolet Bolt, an electric car, and the Cadillac XT4, a luxury S.U.V.
Persons: Motors, Chevrolet Organizations: Chevrolet Malibu, Detroit, Ford Motor, Foreign, Toyota, Honda, Hyundai, Toyota Camry, Honda Accord, Subaru Locations: U.S, United States, Japanese, Fairfax, Kan
Rome CNN —Italy has the right to confiscate a life-size bronze statue dating back to the second or third centuries B.C. The ruling came after the Getty Museum asked the European Court of Human Rights to intervene following a 2018 Italian court decree that the bronze statue should be confiscated and returned to Italy. The contested statue is being held at the Getty Villa Museum in Malibu, Los Angeles. Rolf_52/Alamy Stock PhotoThe Getty Museum does not agree with the latest ruling. Italy will now work with US authorities to return the statue, a spokesperson for the cultural ministry told CNN.
Persons: Rome, Paul, Lysippos, , Getty, Gennaro Sangiuliano, , It’s, ” Maurizio Fiorilli Organizations: Rome CNN —, Paul Getty Villa Museum, European, of Human, Getty Museum, of Human Rights, The Getty Museum, Cultural Heritage Ministry, Getty Villa Museum, Getty, American, of Culture, Louvre Museum, Minneapolis Museum, CNN Locations: Rome CNN — Italy, Los Angeles , California, Italian, Italy, , Malibu , Los Angeles, Greece, Strasbourg, Italian State, Marche, Stabia
Real Estate Fantasies
  + stars: | 2024-04-28 | by ( Debra Kamin | ) www.nytimes.com   time to read: +1 min
There are few acts more optimistic than shopping for a home. You walk through its doors, run your fingertips along its appliances and see your face reflected in its windows and mirrors. Real estate agents understand this allure. And the really good ones are so adept at spinning the fantasy that they’re building careers on television out of it. For a new story for The Times’s real estate section, which published this morning, I spent time with agents from shows like “Million Dollar Listing” and “Buying Beverly Hills” to understand how they became stars in their own right, and what that tells us about the state of housing in the U.S.Hollywood luxuryLate last year, I flew to Los Angeles to attend an awards show for some of Hollywood’s most famous real estate agents.
Persons: Mauricio Umansky, Kurt Rappaport, Beyoncé Organizations: Hollywood, Madonna, Malibu Locations: U.S, Los Angeles
How Real Estate Became Showbiz and Agents Became Stars
  + stars: | 2024-04-28 | by ( Debra Kamin | ) www.nytimes.com   time to read: +1 min
The crowd began gathering at 5 p.m., into the movie-perfect backyard of a 1920s Spanish-style Los Angeles estate once owned by Madonna. Unlike the Oscars or the Golden Globes, these awards didn’t go to actors, directors or screenwriters. They went to real estate agents, crowned in categories like “Stratospheric Sale of the Year.” (The winner of that award was Kurt Rappaport, who represented Beyoncé and Jay-Z as they closed on a $190 million Malibu pad last May.) As a real estate broker with two seasons of “Buying Beverly Hills” and 13 seasons as a real husband on “The Real Housewives of Beverly Hills” under his belt, Mr. Umansky was the consummate M.C. for the evening’s Power Broker Awards.
Persons: Mauricio Umansky, Kurt Rappaport, Beyoncé, Umansky Organizations: Madonna, Globes, Malibu, Housewives, Beverly, evening’s Locations: Spanish, Los Angeles, Santa Monica, Beverly Hills
The October report found that around 13% of Americans reported economic hardship over the prior year due to climate change. Climate change could cost Americans born in 2024 nearly $500,000, due to higher taxes and pricier housing and food, among many other factors, ICF, a consulting firm, recently found in a report commissioned by Consumer Reports. Stan Honda | AFP | Getty ImagesOther health effects of climate change reflect more widespread shifts in global conditions. "There are clear interactions between heat waves and health conditions," said Charles Driscoll, a professor at Syracuse University who studies climate change. Climate change leads to droughts, which lead to crop failures, which cause food price spikes.
Persons: Chandan Khanna, Andrew Rumbach, Eva Marie Uzcategui, Wagner, Rumbach, Stan Honda, Charles Driscoll, Driscoll, Ringo H.W, Chiu, Mark Kantrowitz, Gernot Wagner Organizations: AFP, Getty, U.S . Department of, Treasury, Consumer Reports, Urban Institute, Bloomberg, U.S . Census, Insurance, Swiss Re Institute, Health, Natural Resources Defense, Syracuse University, International Labour Organization, Kaiser Family Foundation, of Labor Statistics, Columbia Business Locations: Fort Lauderdale , Florida, U.S, Fort Myers Beach , Florida, Florida , Louisiana, California, Hurricane, Queens, New York, Malibu, Malibu , Calif
Jefferies hosted a conference to bring together late-stage tech founders, investors and bankers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAs bankers and venture capitalists nibbled on caviar sushi and sipped champagne and sake this week at Nobu Malibu, there was a gleeful mood at the beachside closing dinner of the Jefferies Private Internet Conference. After a Covid pause, Jefferies resumed this conference in 2022 to bring together late-stage tech founders, investors, and bankers. Related story"Beyond typical deal considerations, AI has emerged as the single biggest new influence today in tech M&A," according to Greenberg.
Persons: Jefferies, , Cameron Jefferies, Jason Greenberg, Greenberg, Goldman Sachs, David Solomon, Reddit, Marc Andreessen, Rich Handler, Andreessen Horowitz, Neerav, Goldman, JP Morgan Chase, we've, Lester Organizations: Service, Jefferies Private Internet Conference, Technology, Media, Telecom Investment Banking, Jefferies, Global Technology, Informatica, Epic, Venture, Jefferies Private Locations: Neerav Kingsland
Billionaire Don Hankey's company underwrote a $175 million appeal bond for Donald Trump. The 80-year-old oversees Hankey Group, which employs over 3,400 people and whose assets are worth around $22.5 billion, per Forbes. Axos Bank CEO Greg Garrabrants has previously donated around $50,000 to Republican campaigns since 2012, with $9,600 in support of Trump, according to Federal elections records. Related storiesHankey's net worth is estimated at $7.4 billion, according to Forbes — and it's nearly doubled within the last three years. The mansion ended up auctioning for less than half of its expected $500 million worth.
Persons: Don Hankey's, Donald Trump, Hankey, , Don Hankey swooped, It's, that's, Trump, refinanced, Greg Garrabrants, Forbes —, Ford, Westlake, Niami, David Sucsy, Niami's, Allen J, Schaben, Getty Hankey, Debbie Hankey Organizations: Bel, Service, Hankey Group, Forbes, Hankey's, Specialty Insurance, Bloomberg, Axos Bank, Axos, Trump, Westlake Financial Services, Hankey Investment, Bel Air, Los Angeles Business Journal, University of Southern Locations: Southern California, Bel Air Los, Bel, University of Southern California, Malibu
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