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Billionaires minted through inheritance outpaced self-made billionaires last year for the first time in a decade. Related storiesIn recent years, rates of economic opportunity have begun to fall again. Rates of economic opportunity have declined steadily since 1940, Opportunity Insights data shows. He says that's why there are fewer self-made billionaires today than there were in the past. "I think there's much work to be done to try to restore rates of economic opportunity to those observed several decades ago," he said.
Persons: , Max Kunkel, Matthew Staiger, Staiger, Forbes, heiresses, Kunkel Organizations: Service, UBS, Harvard, Insights, Business, Economic
Dakota Johnson's mother is Melanie Griffith, who in turn is the daughter of Tippi Hedren. Dakota Johnson, Tippi Hedren, and Melanie Griffith. Stefanie Keenan/Getty ImagesKids today might know that Johnson, the daughter of Griffith and "Miami Vice" star Don Johnson (and former stepdaughter of Antonio Banderas) is a nepo baby. Additionally, Hedren and Griffith appeared in a film together, "Roar," which showcased Hedren's love for big cats. She and her husband and daughter lived with their pet lion Neil, which was famously documented in a photo shoot for Life Magazine in 1971.
Persons: Dakota, Melanie Griffith, Tippi, Dakota Johnson, Tippi Hedren, Stefanie Keenan, Johnson, Griffith, Don Johnson, Antonio Banderas, Alfred Hitchcock, Sean Connery, Marnie, Neil Organizations: Getty, Miami, Hedren, Magazine Locations: Tippi Hedren
Meg Ryan has defended her son Jack Quaid from "nepo baby" criticism. AdvertisementMeg Ryan has defended her son Jack Quaid against claims that he's gotten his Hollywood career thanks to his famous parents. Meg Ryan and her son Jack Quaid photographed together in 2017. He's really good.' Jack Quaid as Hughie on season three, episode eight of "The Boys."
Persons: Meg Ryan, Jack Quaid, Jack, , he's, Ryan, Dennis Quaid, isn't, James Devaney, Dennis, Hughie Campbell, Oppenheimer, I've, Hughie, Thrillist Organizations: Service, New York Magazine Locations: Hollywood
Opinion: How Taylor Swift conquered capitalism
  + stars: | 2023-12-02 | by ( Opinion Jeff Yang | ) edition.cnn.com   time to read: +7 min
CNN —There’s a whole cottage industry in pop culture essay writing dedicated to trying to unpack why Taylor Swift is so successful. Singer-songwriter Taylor Swift performs onstage during Taylor Swift The 1989 World Tour Live In Los Angeles at Staples Center on August 25, 2015 in Los Angeles, California. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee. Already a billionaire, Swift stands to personally make as much as $4.1 billion from the “Eras” tour, according to estimates cited by the Post. Keep an eye out: “The Tao of Tay: The Swift Path to Success,” coming soon to better airport bookstores everywhere.
Persons: Jeff Yang, Bruce, , CNN —, Taylor Swift, Jeff Yang CNN, Kim Kardashian, Michael Jackson, Madonna, Britney Spears, Justin Bieber, aplomb, Swift, Ariana Grande, Tay, bestie, she’s, Celine Dion, She’s, Christopher Polk, Scooter Braun, ” It’s, Joan of Arc, John Shearer, “ Taylor Swift, Swift’s, Merrill Lynch, Organizations: CNN, Singer, Los, Staples Center, Republic Records, Universal Music Group, Universal, Washington Post, Nissan, Machine Records Locations: Asian America, America, Los Angeles, Los Angeles , California, Nashville , Tennessee, Pennsylvania, Nashville, Tay
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. All aged under 40, Chinese heirs from at least 11 families will soon have control of wealth worth an estimated $120 billion, according to the Bloomberg Billionaires Index. AdvertisementNongfu Spring is China's biggest water company. Future Publishing/Getty ImagesThe company, worth just over half a trillion dollars, is China's biggest bottled water producer. These billionaire nepo babies are standing by to reap the benefits of China's an almost uninterrupted wealth boom over the past four decades.
Persons: , Zhong Shu Zi, Zhong, Gao Haichun, nepo, it's Organizations: Service, Billionaire, Bloomberg, University of California, Future Publishing, Brown University, McKinsey, Global Locations: China, Irvine
Ryan and Duchovny did not really know each other before “What Happens Later," but you’d never know it to watch them on screen or hear their off-camera rapport. AP: You have such lived-in banter and chemistry, it’s surprising that you two didn’t really know each other before this. DUCHOVNY: I’m thankful to Meg for giving me the opportunity to work in a movie like this. RYAN: That’s exactly what it is. I’m going to google that to make sure I’m right.
Persons: Nora ”, Meg Ryan’s, Nora Ephron, Ephron, Ryan, Harry Met Sally, , David Duchovny, hasn't, , ” Ryan, “ It’s, Duchovny, you’d, DUCHOVNY, I’ve, RYAN, Nora, It’s, Tom Hanks, Billy Crystal, He’s, Hal Liggett, Rosencrantz, Guildenstern, Hal, 5’10, 6’2, It’s Morgan Freeman, it’s Scarlett Johansson, I’m, Meg, Meg’s, there’s, COVID, you’ve, it’s, Matthew Perry’s, Harder, of Rome Organizations: Associated Press, greyhounds Locations: Seattle, RYAN
‘AI’ is Collins Dictionary’s word of the year
  + stars: | 2023-11-01 | by ( Jack Guy | ) edition.cnn.com   time to read: +2 min
London CNN —Collins Dictionary has named “AI” as its word of the year, defining it as an “abbreviation for artificial intelligence: the modelling of human mental functions by computer programs.”“Considered to be the next great technological revolution, AI has seen rapid development and has been much talked about in 2023,” the UK-based dictionary publisher said in a statement announcing its decision. While AI’s capabilities in mimicking human speech fascinated people at first, they were also the source of some anxiety, according to Collins. “If computers were suddenly experts in that most human of domains, language, what next? Cue an explosion of debate, scrutiny, and prediction, and more than enough justification for Collins’ 2023 Word of the Year: AI,” the statement continues. The inaugural Global AI Summit on AI Safety got underway in the United Kingdom Wednesday.
Persons: London CNN —, ” “, Collins, Rishi Sunak, Kamala Harris, , , “ semaglutide Organizations: London CNN, London CNN — Collins, Global, Safety, UK, Allied Forces codebreaking, US Locations: United, Bletchley,
AI is 2023's word of the year
  + stars: | 2023-11-01 | by ( Pete Syme | ) www.businessinsider.com   time to read: +2 min
"AI" was unveiled as the word of the year by the UK-based Collins Dictionary. The announcement coincided with the start of the AI Safety Summit — showing the extent of its impact. AdvertisementAdvertisementThe Collins Dictionary has unveiled "AI" as its 2023 word of the year. Wednesday's announcement also coincides with the start of the AI Safety Summit in the UK, where Elon Musk, Kamala Harris, and around 100 other tech and government leaders are discussing the future of the technology. And on Wednesday, she announced that another AI Safety Summit will take place in South Korea in six months, before another in France, per Reuters.
Persons: , Alex Beecroft, Collins, Elon Musk, Kamala Harris, Michelle Donelan, who's Organizations: Collins, AI, Service, Guardian Locations: South Korea, France
All Blacks coach Ian Foster changed his lock combination again with Brodie Retallick restored to the lineup and Sam Whitelock returning to the list of replacements in the only change to the starting team. New Zealand believe the 35-year-old Whitelock, playing his third World Cup final, is most effective coming off the bench, and could bring an injection of energy at a time when South Africa are refreshing their forwards. Six of New Zealand's matchday squad for the game are previous World Cup winners and the 23-man team has a collective total of 1,387 caps, making it the most experienced All Blacks squad for any of their record five World Cup finals appearances. "We've woken up this week to find ourselves in a World Cup final and we've worked to deal with all the distractions. They (South Africa) are great at their style, we want to be great at ours," added Foster.
Persons: Zealand's Brodie Retallick, Paul Childs, Ian Foster, Brodie Retallick, Sam Whitelock, Whitelock, Retallick, Scott Barrett, Barrett, Nepo Lualua, Fletcher Newell, Foster, Sam Cane, We've, we've, Beauden Barrett, Will Jordan, Rieko Ioane, Jordie Barrett, Mark Telea, Richie Mo’unga, Aaron Smith, Shannon Frizell, Tyrel Lomax, Codie Taylor, Ethan de Groot, Samisoni Taukei’aho, Tamaiti Williams, Nepo Laulala, Dalton Papalii, Finlay Christie, Damian McKenzie, Anton Lienert, Mark Gleeson, Ken Ferris Organizations: Rugby Union, Rugby, Groupama, REUTERS, Blacks, Kiwis, Saturday’s Rugby, South, Springboks, Ireland, Argentina, New, Foster . New Zealand, Brown, Thomson Locations: Zealand, Italy, Lyon, France, South Africa, MALMAISON, Foster . New
World Cup braced for second superpower showdown
  + stars: | 2023-10-26 | by ( Mitch Phillips | ) www.reuters.com   time to read: +5 min
That means that should they triumph on Saturday they will have an incredible 50% success rate - four finals from eight tournaments. New Zealand won the inaugural event in 1987 then became the first to win back-to-back titles in 2011 and 2015 - an achievement defending champions South Africa are also desperate to emulate. Their previous final meeting was in 1995, the first World Cup South Africa were allowed into. At the other end of the experience spectrum is winger Will Jordan, whose eight tries in France equal the tournament best. Referee: Wayne Barnes (England)Reporting by Mitch Phillips; editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: Nelson Mandela, Francois Pienaar, Chester Williams, Siya Kolisi, Richie McCaw, Handre Pollard, Ian Foster, Sam Whitelock, Will Jordan, Jordie Barrett, flyhalf Richie Mo'unga, Ardie, Beauden Barrett, Rieko Ioane, Mark Telea, Richie Mo’unga, Aaron Smith, Sam Cane, Shannon Frizell, Scott Barrett, Brodie Retallick, Tyrel Lomax, Codie Taylor, Ethan de Groot, Samisoni Taukei’aho, Tamaiti Williams, Nepo Laulala, Dalton Papalii, Finlay Christie, Damian McKenzie, Anton Lienert, Damian Willemse, Kurt, Lee Arendse, Jesse Kriel, Damian de Allende, Cheslin Kolbe, Faf de Klerk, Duane Vermeulen, Pieter, Steph du Toit, Kolisi, Franco Mostert, Eben Etzebeth, Frans Malherbe, Steven Kitshoff, Deon Fourie, Trevor Nyakane, Jean Kleyn, Kwagga Smith, Jasper Wiese, Willie Le Roux, Wayne Barnes, Mitch Phillips, Ken Ferris Organizations: Springboks, New Zealand, South, France, England, Twickenham, Zealand, Blacks, Ireland, Webb, Thomson Locations: New Zealand, South Africa, Africa, England, flyhalf, Argentina, Ireland, France, Zealand, Brown
Among those on strike are the many extras who fill screens countrywide, performing nonspeaking parts, often in the background of a scene. She's since made a living as a background actor in shows like "The Marvelous Mrs. Maisel," "Succession," "Law and Order: Organized Crime" and "Blue Bloods." The ninth and tenth hours pay time and a half and any hours worked beyond that pay double. Being on set shows you 'how different actors behave'It's hard to say how many people do background work in the U.S. "My whole New York network has been built through background," Cunningham says.
Persons: Esther Cunningham, Cunningham, Maisel, AFTRA, Jonathan Handel, it's, Kendall Roy, Jeremy Strong, Kate Fortmueller, it'll, It's, She's Organizations: NBC Universal Screen Actors, American Federation of Television, Radio Artists, SAG, Alliance, Television Producers, Wheaton College in, Ensemble Theatre Cincinnati, New York Times, HBO, Georgia State University, Labor Locations: Cincinnati , Ohio, New York, Wheaton College in Illinois, Cincinnati, Coney, U.S
Hugh Hefner's son has earned more than $33,000 since joining OnlyFans as a creator in March. He admits he's a nepo baby and wouldn't have the same opportunities if it wasn't for his famous dad. The term nepo baby — short for nepotism baby — became popular after New York magazine examined the world of Hollywood nepotism. Hefner readily admits he's a nepo baby: "If I wasn't Hugh Hefner's son I wouldn't have seen the same opportunities I have been given. "I don't have an allegiance towards OnlyFans or Playboy, but OnlyFans has helped me grow a lot," he said.
Persons: Hugh Hefner's, Marston Hefner, Hugh Hefner, , he's, Hefner, I wouldn't, Dan Tuffs, OnlyFans, Daren Organizations: OnlyFans, Service, New York, Playboy Locations: Wall, Silicon, Los Angeles
Low inventory, high mortgage rates, and high prices have created a difficult housing market. Low inventory, high mortgage rates, and high prices have put the housing market into a state of unaffordability that's weighing on house hunters, current homeowners, and even real estate investors. AdvertisementAdvertisementAs things stand, roughly one-quarter of homeowners are sitting on mortgage rates of less than 3%, near the highest on record. The seasonally-adjusted data showed prices climbed in every single city in the group's 20-city index. Otherwise said, half the cities in our sample now sit at all-time high prices."
Persons: we've, Craig J, Lazzara, DJI, Daryl Fairweather, haven't, Shay Stein, Realtor.com, Fannie Mae, Bill McBride Organizations: Homeowners, Service Locations: Wall, Silicon, Realtor.com
A toast to 'Living Single' as it turns 30
  + stars: | 2023-08-26 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +5 min
Something to sip on…Kim Fields in a scene from "Living Single." Rather than rehash the fact that “Living Single” was “Friends” before “Friends” ever existed, lets applaud it for the glow-up and grow-up it showcased in Kim Fields. That’s why I have no problems jamming along to the new series “Dance with Qai Qai,” now running on YouTube. “It has been amazing to see how Qai Qai has captured the hearts of so many young fans so we’re thrilled to introduce them to ‘Dance with Qai Qai!,’” Williams said in a statement. We can’t wait for other families to get to watch—and dance—together!”It’s been wild watching Qai Qai go from one child’s beloved doll to a full-fledged star.
Persons: Kim Fields, Warner, Everett “, Kim, Fields, Butterworth, Queen Latifah, Kim Coles, John Henton, Terrence C, Carson, Erika Alexander, Yvette Lee Bowser, Eunetta Boone, Coles, , JOY, , Serena Williams, Olympia, Qai, Alexis Ohanian, Qai Qai, Alexis Ohanian’s, ’ ” Williams, Williams, Tim McGraw, ” I’m, Taylor Swift, … Sunny Sandler, Stacy Friedman, Samantha Lorraine, Lydia Rodriguez Katz, Sadie Sandler, Ronnie Friedman, Zaara, Idina Menzel, Bree Friedman, Adam Sandler, Danny Friedman, Adam Sandler’s, Sunny, Jackie Sandler, Fiona Rosenbloom’s, Sandler Organizations: CNN, Warner Brothers, Atlanta, LOVE, YouTube, Smokeout, Netflix Locations: Kim Fields, New York City, Windy, Chicago , Illinois
Moody misses out on NZ squad for World Cup, Retallick included
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +3 min
Rugby Union - 2018 Bledisloe Cup Rugby Championship - Australia v New Zealand - Eden Park, Auckland, New Zealand - August 25, 2018 - New Zealand's Joe Moody celebrates with teammates after scoring a try. "But with the compilation of his time off and our programme, having to go into the first part of this World Cup fully loaded, we just want him to go and get some game time. "So whether it'll be round one, round two of the World Cup, we're not sure. Retallick's frequent second-row partner Sam Whitelock was selected for his fourth World Cup. The All Blacks will play the Springboks at Twickenham in London on Aug. 25 and start their World Cup campaign against hosts France in Paris on Sept. 8.
Persons: Joe Moody, Ross Setford, Brodie Retallick, Sam Cane, Loosehead Moody, Ian Foster, We've, he's, Retallick, Josh Lord, Foster, we're, Sam Whitelock, Braydon Ennor, David Havili, Finau, scrumhalf Brad Weber, George Bell, Codie Taylor, Dane Coles, Samisoni Taukei'aho, Ethan de Groot, Fletcher Newell, Nepo, Ofa, Tamaiti Williams, Tyrel Lomax, Scott Barrett, Tupou Vaa'i, Ardie Savea, Dalton Papalii, Luke Jacobson, Shannon Frizell, Aaron Smith, Finlay Christie, Cam Roigard, Beauden Barrett, Damian McKenzie, Richie Mo'unga, Anton Lienert, Jordie Barrett, Rieko Ioane, Caleb Clarke, Emoni Narawa, Leicester Fainga'anuku, Mark Telea, Will Jordan, Nick Mulvenney, Jamie Freed Organizations: Rugby Union, Rugby, REUTERS, All Blacks, Australia, Braydon, Wallabies, last, South, Blacks, Springboks, Twickenham, France, Thomson Locations: New Zealand, Eden, Auckland , New Zealand, France, Hawkes Bay, New, Dunedin, Europe, South Africa, London, Paris, Lincoln
Editor’s Note: Featuring the good, the bad and the ugly, ‘Look of the Week’ is a regular series dedicated to unpacking the most talked about outfit of the last seven days. Her sleek white coat — from the brand’s Fall-Winter 2008 collection — was dominated by the word “No,” emblazoned across her chest in three-dimensional letters. She paired the outfit with gold platform sandals and a matching mini clutch bag from Italian label Aquazzura. In 2018, Melania Trump sparked widespread criticism when she chose to wear a khaki Zara jacket that read “I don’t really care. Arnold Jerocki/Getty ImagesWhile Shakira’s jacket lacked the subtlety of soft power dressing, there has been some online debate as to what exactly her “No” is referring to.
Persons: CNN —, Elizabeth Olsen, , Olsen, Shakira, Viktor, Rolf couture, Camila Cabello, ” Camila Cabello, Pierre Suu, , ” Shakira, Hailey Bieber, Melania Trump, Arnold Jerocki, Gerad Piqué, Rolf, tulle, Rolf Snoeren, WWD Organizations: CNN, Penske Media Locations: Paris, Mexico, Instagram
The rise of political nepo babies
  + stars: | 2023-07-03 | by ( Chris Dalla Riva | ) www.businessinsider.com   time to read: +8 min
Second, if you are a nepo baby in your first term, you will continue to be counted as a nepo baby in each subsequent term. Thus, Pelosi has been counted as a nepo baby each year since she was first elected in 1987. It's possible that this trend is the result of the Democratic party electing more nepo baby incumbents like Pelosi. Thus, it's not surprising that the Democratic Party does not just have more incumbent nepo babies but also more first-time nepo babies. On top of that, we continue to see that independent of party the Senate elects more nepo babies than the House.
Persons: , Rodney Frelinghuysen, Rodney's, Peter, Frederick T, Frelinghuysen, it's, you've, Lawrence Jackson, Nancy Pelosi, Pelosi, Thomas D'Alesandro, we've, weren't, Bush, Kennedy Organizations: Service, NJ, Democratic, Republican, AP, Maryland's, Congressional, Democratic Party, Republicans, Union, Madison Hall Locations: New Jersey, Baltimore, . California, Wyoming, Alaska
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Persons: Dow Jones, kendall, jenner
Amazon’s Freevee Embraces the Judy-Verse
  + stars: | 2023-06-16 | by ( Brooks Barnes | ) www.nytimes.com   time to read: +1 min
In 2021, Judge Judith Sheindlin, the razor-tongued court show star, decamped from the dying medium of daytime broadcast syndication and joined Amazon for a streaming-era experiment. Fewer people were watching traditional daytime television, including programs like “Judge Judy.” Was it because they were tired of the content? To find out, the company hired Judge Sheindlin to produce and star in a new court show, “Judy Justice,” and made it available on Freevee, a little-known, free streaming service supported by advertising. “It was a risk,” Judge Sheindlin recalled over lunch this month, “but one that intrigued me.”“Judy Justice” quickly became Freevee’s No. As she builds a mini empire at Amazon, Judge Sheindlin is also adding to what has become known as the Nepo-Verse.
Persons: Judith Sheindlin, Judy, , Judge Sheindlin, “ Judy Justice, ” “ Judy Justice ”, Sheindlin Organizations: Amazon, Amazon Studios, Marvel, New York Locations: Culver City, Calif, Amazon, Hollywood
It’s Summer, and Nepo Babies Are Coming to the Office
  + stars: | 2023-06-01 | by ( Callum Borchers | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/meet-your-new-co-worker-the-bosss-kid-83aa0b4a
Persons: Dow Jones
‘Succession’ Is Over. Why Did We Care?
  + stars: | 2023-05-28 | by ( Alexis Soloski | ) www.nytimes.com   time to read: +1 min
On Sunday night, with the second son, Kendall, poised to take it all, his younger sister, Shiv, betrayed him. The company would be sold to Lukas Matsson, a Swedish tech anarchocapitalist, with Shiv’s husband, Tom Wambsgans, as C.E.O. In its final season, “Succession” drew fewer than half the viewers, across all platforms, of “The Sopranos” or “Game of Thrones.” So if this was a water cooler show, that water was filtered. Yet its queasy, stinging satire of the ultrawealthy exerted an outsize influence on its audience. If you hardened your heart, or if your heart came pre-hardened, it made for a mutinous kind of comfort viewing, in which pleasure, envy and outrage could twine.
More than two-thirds of Gen Z have used nepotism to land a job offer, a new study found. They survey of 2,000 workers found 42% said they'd won a role or job offer through nepotism. Even if they disapprove of nepotism, three-quarters of Gen Z workers said they would still use it. Almost half the Gen Z employees that have used nepotism to land a role ended up with a junior title, and a quarter were unemployed beforehand. That was causing Gen Z to devise creative solutions due to these unrealistic expectations, per Fortune.
April 8 (Reuters) - Chess will crown a new world champion when Ian Nepomniachtchi and Ding Liren begin their battle on Sunday in the shadow of incumbent Magnus Carlsen, who voluntarily relinquished the title he held since 2013. Neither has held the world title before - a first for the championship. "I can write my name in history," Ding, the first Chinese player to contest the men's world title, told reporters on Saturday. "For me, this world championship match should include the strongest player on the planet, and this match doesn't. Current women's champion Ju Wenjun is scheduled to play a title match against compatriot Lei Tingjie in July.
Luxury goods mogul Bernard Arnault is the world's richest person. Eric Piermont/Getty ImagesBernard Arnault is currently the world's richest person with a net worth of about $201 billion, according to estimates by Bloomberg. He's only the third person to surpass the $200 billion mark following tech moguls Jeff Bezos and Elon Musk, both of whom have since seen their wealth fall. Arnault cofounded LVMH in the 1980s, and is its CEO and chair. Last year LVMH raised the age limit of its CEO from 75 to 80, extending Arnault's possible tenure.
[1/3] Jamie Lee Curtis wins the Oscar for Best Supporting Actress for "Everything Everywhere All at Once" during the Oscars show at the 95th Academy Awards in Hollywood, Los Angeles, California, U.S., March 12, 2023. REUTERS/Carlos BarriaBy Mary MillikenLOS ANGELES, March 12 (Reuters) - Jamie Lee Curtis won the Oscar for best supporting actress on Sunday for her role as the imperious IRS auditor bearing down on a Chinese American laundromat owner struggling to finish her taxes in "Everything Everywhere All At Once." It was the first Academy Award for the 64-year-old Curtis, in her first ever Oscar nomination over a 45-year career in film that kicked off with horror movie "Halloween." The daughter of famous Hollywood actors Janet Leigh and Tony Curtis, Curtis has jokingly called herself "nepo baby" but is known in Hollywood for her lack of pretension. (Reporting by Mary Milliken; Editing by Jonathan Oatis)((mary.milliken@thomsonreuters.com))Keywords: AWARDS OSCARS/SUPPORTING ACTRESSOur Standards: The Thomson Reuters Trust Principles.
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