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This story is available exclusively to Business Insider subscribers. AdvertisementA representative for Sternlicht told Business Insider the house was to be demolished but did not provide further comment. The tony island of Nantucket is a favorite among billionaires like former Google CEO Eric Schmidt and Blackstone leader Steve Schwarzman. "Erosion takes out houses, roads, infrastructure, sewer beds, even airport runways," he told Business Insider. Despite the island's propensity for natural destruction, the town has strict rules regarding what structures owners can take down.
Persons: Barry, Sternlicht, Forbes, Shelly Lockwood, tony, Eric Schmidt, Steve Schwarzman, James Pallota, Pallota, Lockwood, Brendan Maddigan, Steven Cohen, Cohen Organizations: Service, Billionaire, Business, Sternlicht, Nantucket Current, Blackstone, Celtics, Boston Globe Locations: Nantucket
I tried protein bars from One, Think!, Quest, Pure Protein, Clif Builders, and Barebells. The Clif Builders protein bar was a bit high in calories but I enjoyed it. AdvertisementProtein bars are becoming really, really popular. To help find which is the best to buy at the grocery store, I bought protein bars in similar flavors from six different brands to review. The amount of protein, calories, fiber, or added sugars a person is looking to consume will vary, so I focused my reviews on taste.
Persons: Organizations: Clif Builders, Service
Leon Cooperman, a billionaire Columbia donor, weighed in on the crisis on the university's campus. Unlike the megadonor Robert Kraft, Cooperman said he's not pulling his donations. AdvertisementThe Wall Street titan Leon Cooperman is the latest billionaire to weigh in on student protests over Israel's war in Gaza. But unlike the megadonor Robert Kraft, Cooperman said he'd continue to give to Columbia even as he trashed student demonstrators. Kraft said he'd continue to support the school's Kraft Center for Jewish Student Life, which is named after him.
Persons: Leon Cooperman, Robert Kraft, Cooperman, he's, , he'd, Israel, Turkey —, Nemat, Shafik, Peace —, Goldman Sachs, Kraft, megadonors, Marc Rowan, Lauder, Ronald Lauder, Les Wexner, Claudine Gay, Liz Magill Organizations: Service, CNBC, Columbia University, Columbia, Hamas, Capitol, — Columbia, Apartheid, Columbia Students, Justice, Jewish, Peace, New York City Police Department, Barnard College, Columbia Business School, Hunter College, Kraft, Patriots, school's Kraft Center for Jewish, Cooperman, Yale, New York University, Harvard, University of Pennsylvania Locations: Columbia, Gaza, Cooperman, Bronx, Israel, United States, Cyprus, Jordan, Turkey, Palestine
I tried all the flavors of Poppi prebiotic soda I could find and ranked them from worst to best. Of all the flavors I tried, the ginger lime was my favorite. AdvertisementIt's no secret that prebiotic sodas have grown in popularity over the past couple of years. On a recent trip to my local supermarket, I bought all the Poppi prebiotic-soda flavors I could find. Here's my ranking of the flavors I tried, from worst to best.
Persons: Organizations: Service Locations: Coke
AdvertisementThe majority of so-called "peak boomers" have $250,000 or less in assets , according to a recent report, write Juliana Kaplan and Ayelet Sheffey. If you're a bit surprised by the dire economic situation of peak boomers, I wouldn't blame you. Older boomers had the benefit of employer-subsidized retirement plans before a shift in the workforce left younger boomers to fend for themselves. Alistair Berg/Getty ImagesPeak boomers' retirement struggles might end up being a wake-up call for younger generations. There will be plenty of lessons learned from peak boomers entering retirement without the safety net of a pension.
Persons: , blowup Jacob Wackerhausen, Jenny Chang, Rodriguez, Juliana Kaplan, Ayelet Sheffey, that's, we've, boomers, Alistair Berg, Xers, Gen Zers, Bryan Erickson, Jane Street, Chowdhury, Elon Musk, they'd, Tesla, Tony Stubblebine, Nick Little, Dani Widell, BI's Emily Stewart, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Social Security, Security, Google, Wall Street, JPMorgan, Detroit Police Department, Tesla, BI, Verizon Locations: Covid, China, Europe, Airbnb ., America, New York, London, Chicago
Bill Gates has amassed an extensive — and high value — real estate portfolio. Last year, the homes owned by Gates and his former wife, Melinda French Gates, racked up a $2.7 million property tax bill last year. That's more than 700 times as much as the average American pays in property taxes each year. Gates' highest property tax bill is in Washington state, where he has a 10.5-acre property in the tony Seattle suburb of Medina along Lake Washington. While high by most standards, Gates' property tax bill represents less than 0.01% of his $148 billion net worth — and a fraction of his total tax bill.
Persons: Bill Gates, Gates, , Melinda French Gates, French Gates, ProPublica Organizations: Service, Yellowstone Club Locations: French, Seattle, Washington, tony Seattle, Medina, Lake Washington, California, Del Mar, Florida, Wellington, Montana
I tried all the cheeses I could find at Trader Joe's and ranked each one from worst to best. I didn't like the white Stilton cheese with apricots at all. Trader Joe's creamy Toscano cheese soaked in syrah was my favorite. To find which cheeses you should really be buying at Trader Joe's right now, I purchased 17 different kinds at my local New York City location and tasted each one. Here's how I'd rank them from worst to best — and which I'd definitely buy again.
Persons: Joe's, , I'd Organizations: Service Locations: New York City
Here's a look at his real estate portfolio, which he spent $150 million and three decades building. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. As one of the richest people in the world for decades, the Microsoft cofounder has built up an impressive real estate portfolio. Over three decades, he and his ex-wife, Melinda French Gates, spent more than $150 million on their current real estate portfolio. AdvertisementHere's a look at Gates' many homes, along with details about transfers around the Gates divorce.
Persons: Bill Gates, , I'm, Gates, Melinda French Gates Organizations: Service, The Telegraph, Microsoft, Business Locations: Washington , California, Florida, Montana, United States, Louisiana , Arkansas, Arizona, Seattle
That changed on Thursday, when Mr. Brown appeared to address Mr. Gunter for the first time, at a private fund-raising event in Sparks, Nev., after Mr. Gunter accused him in ads and appearances of being disingenuous and not sufficiently pro-Trump. A group backing Mr. Brown’s campaign, the Duty First PAC, ran its first television ad this week since last year, a $322,000 reservation, according to the tracking firm AdImpact. Mr. Brown’s campaign declined to comment on Mr. Gunter. Mr. Trump made several posts seeming to express his approval for Mr. Brown on Truth Social, his social media platform, this month. Mr. Gunter said he was “running that place like clockwork,” and that the government report was “bogus.”
Persons: Nevada’s, Sam Brown, Jeff Gunter, Donald J, Trump, MAGA, Brown’s, Gunter, Brown, Mitch McConnell of, ” Mr, Jacky Rosen, Nev, Mr, Mike Berg, Gunter’s, Berg, Sam Brown’s, , Chuck Muth, Muth, he’s, California Democrat —, General Organizations: Republican, Senate, U.S . Army, National Republican Senatorial Committee, Trump, Democratic, The New York Times, Mr, , “ California Democrats, Tarrance, Truth, Brown, Texas State House, Nevada State Assembly, California Democrat, Democrat, CBS Locations: Iceland, Mitch McConnell of Kentucky, Afghanistan, Sparks, California, “ California, Las Vegas, Nevada, Dallas
Liz Humphreys moved to Europe with her husband and raised her son in Berlin until he was 6. AdvertisementMy family has been back in New York City for a year and a half, and we're still struck by all the "rules" surrounding kids here. JF GrossenBerlin was affordable for raising a family and had great childcareIn 2012, my husband and I moved to Europe from New York City for work. He also had difficulty adjusting to all of the structure around the school day. In the 2024 Safety Index by Global Residence Index, Berlin ranked 46, while New York City was 107.
Persons: Liz Humphreys, , Prenzlauer Berg, resignedly, we're, JF Grossen, it's, I've Organizations: Service, JF, London —, Berlin, New Locations: Europe, Berlin, New York, Prenzlauer, playdates, New York City, Amsterdam, London, Germany, Manhattan, Kita, Germnay
Taylor Swift's new album "The Tortured Poets Department" is almost guaranteed to be a bestseller. But no matter how well it does, it won't be the way Swift earns most of her money this year. In fact, the remaining leg of her Eras tour will add much more to Swift's billion-dollar fortune. Swift's Eras Tour brought in more than $1 billion in ticket sales last year over its 66 dates. Swift's cut is unknown, but based on industry standards, she will surely earn nine figures in 2024 from ticket sales.
Persons: Taylor, Swift, , Taylor Swift, Clayton Durant, Tatiana Cirisano, Durant, Cirisano, Luminate Organizations: Department, Service, Spotify, Bloomberg, Management, NYU Steinhardt's Music Business, Billboard, Napster, Apple Locations: Paris
My family tried peanut butter from four different grocery stores and ranked them from worst to best. The Kirkland Signature organic creamy peanut butter had a great flavor, and my kids loved it. AdvertisementMy family goes through a lot of peanut butter — my kids, ages 6 and 3, routinely eat the spread in sandwiches and snacks. Although big-name peanut butter brands are great, I wondered if I might be missing out on supermarket-brand versions, which are often a decent value. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Kirkland, Service, Business
A slate of tech stocks could be set to pop as earnings season revs up, Wells Fargo analysts say. CNBC Pro combed through Wells Fargo research to find the firm's favorite tech stocks as earnings begins. Uber Analyst Ken Gawrelski said he's staying bullish heading into the ride-sharing company's earnings report. Monday.com Shares of the project-management software company are too attractive to ignore, according to Wells Fargo. There is no shortage of positive catalysts for Monday.com shares, he said.
Persons: Wells, Ken Gawrelski, he's, Uber, Gawrelski, Roblox Roblox, Michael Berg, Berg, missteps, Organizations: CNBC, Microsoft, Monday.com, Amazon Locations: Wells Fargo, Monday.com
In today's big story, we're doing a deep dive into the golf tournament at one of the most exclusive clubs in the world . Mike Ehrmann/Getty ImagesHarvard University alumni, Goldman Sachs partners, Birkin bag owners — those exclusive groups are nothing compared to an Augusta National Golf Course membership. The Masters Tournament, the first of four men's major golf tournaments, kicks off today , write Business Insider's Madeline Berg and Taylor Rains. Since it's almost impossible to check out Augusta National otherwise, the Masters has become a staple of the billionaire's social calendar. Augusta National runs a lottery system for them.
Persons: , Mike Ehrmann, Goldman Sachs, Birkin, Madeline Berg, Taylor, it's, Cork Gaines, aren't, Joe Ciolli, didn't, Chelsea Jia Feng, Bill Smead, Brad Porter, Elon Musk's, Y, Paul Graham, Alyssa Powell, Larry Ellison, David Ellison, Larry Ellison's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images Harvard University, Augusta, Waste, bros, Augusta National, Renaissance Technologies, Sigma, Robotics, Amazon Robotics, xAI, Paramount, Oracle, Google, JPMorgan, SpaceX Locations: Augusta, swag, Chelsea, D.E, Shaw's Valence, New York, London
Her book “My Black Country: A Journey Through ” Country Music’s Past, Present and Future,” was published this month. I hear Black moonshiners and Black cowboys, Black nature lovers and Black ghosts, Black angels, Black freedom fighters, gunslingers and Black shotgun riders. It could start a groundswell of long overdue recognition of the overlooked Black country legends and hope for the Black country stars of the future. But for Black performers in particular, it offers a seat, at long last, at a gathering of the country music family. As I write in “My Black Country,” “I have imagined Black country and country to be born as an art form, as an aesthetic, in the year 1624 near Jamestown, Virginia.
Persons: Alice Randall, who’s, , I’ve, Alice Randall Keren Trevino, Matraca Berg, Beyoncé’s, Carter, she’s, White, , Jolene, Cowboy Carter, Ronald Reagan, George H.W, George H.W . Bush, Sen, Ted Kennedy, Roy Acuff, DeFord Bailey, Ole Opry’s, jumpstart Acuff’s, Anna Gordy, Berry Gordy, Marvin Gaye, Anna, Anna Gordy —, Detroit, Carter ”, Linda Martell, Rumi Carter, Jay Z, Blue Ivy, Sir, Rumi, Mike Blake, Dolly Parton, Willie Nelson, Miley Cyrus, Billy Ray Cyrus, Beyoncé, Cowboy Carter ”, ” Beyoncé, William Tucker, Stoney Edwards Organizations: CNN, Country Music Association, DAR, Blacks, Motown Records, Anna Records, Grand Ole Opry, Reuters, America, Eagle Locations: Nashville, Washington , DC, George H.W ., Detroit, Los Angeles, Black, European, Jamestown , Virginia, America, It’s
The Masters Tournament begins this week at Augusta National Golf Club. That's thanks to the Masters Tournament, the first in an annual run of major professional golf championships and a favorite of the superrich. Former Secretary of State Condoleezza Rice became one of the first women to join Augusta National in 2012. But if you're not a member, you're not invited by a member, you're not getting on Augusta National." The names of Augusta National members are kept confidential, though their green jackets are a tell.
Persons: Warren Buffett, Bill Gates, , Dirk Ziff, Stanley Druckenmiller —, Barnabas Carrega, Carrega, State Condoleezza Rice, Timothy A, Clary, weren't, Darla Dee Moore, Richard Rainwater, Augusta National's, Billy Casper, Horton Smith, Jamie Squire, Phil Knight —, Robert Rowling, Herbert Allen Jr, David Duffield, Ernest Garcia, Greg Mondre, Garth Brooks, Luke Bryan, Rory McIlroy, Tiger Woods, that's Organizations: Augusta National Golf, Private, Service, Michelin, Golf, Bloomberg, State, Augusta National, Getty, Augusta, Augusta Regional Airport, Nike, reselling, Ticketmaster Locations: Augusta , Georgia, Augusta, Georgia, United States, Carvana
The complaints against Diddy allege sexual assault and sex trafficking, and some include allegations against other known figures — though not all of the celebrities are listed as defendants. Here are the famous people mentioned in the sexual assault lawsuits against Combs. The raids come after Combs, more commonly known as Diddy, has been hit by a series of lawsuits alleging sexual assault, sexual misconduct, and sex trafficking. Despite media speculation, neither Mr. Combs nor any of his family members have been arrested nor has their ability to travel been restricted in any way. Mr. Combs is innocent."
Persons: Sean Combs, Diddy, Combs, , Casandra Ventura, Aaron Dyer, Mr, Prince Harry, Nicki Minaj — Organizations: Service, Associated Press, Los Angeles Times, Homeland Security, Business Locations: Los Angeles, Miami
It's a victory for CEO Bob Iger against activist investor Nelson Peltz. AdvertisementDisney CEO Bob Iger has officially prevailed in his battle against activist investor Nelson Peltz. Disney had been expected to prevail in the Peltz proxy battle. AdvertisementThe battle, though, likely prompted Iger and the board to redouble its focus on the next Disney CEO. "Regardless of the outcome of today's vote, Trian will be watching this company's performance," Peltz said at the meeting before the decision.
Persons: Bob Iger, Nelson Peltz, , Peltz, Jay Rosulo, Horacio Gutierrez, Disney's, Maria Elena Lagomasino —, Iger, Disney, Neuberger Berman, Trian, Gen Z, Alpha, Bob Chapek, Iger's, Jason Schloetzer Organizations: Disney, Service, Trian Partners, CNBC, California Public Employees, Epic Games, ESPN, Georgetown University's McDonough School of Business
Disney CEO Bob Iger wants people to know the company isn't trying to advance a political agenda. It's a message Iger has been keen to send since his return as CEO in November 2022. Peltz made "woke" Disney a plank of his campaign, questioning Marvel's "Black Panther" and "The Marvels" that cast Black and female leads, respectively. Just take the vicious online reactions to its new "Star Wars: The Acolyte" series on Disney+, made by a female showrunner. And with Iger promising the company will lean more on its beloved franchises, Disney is likely to continue being a magnet for criticism from social conservatives.
Persons: Bob Iger, aren't, , Iger, I've, we'll, Ron DeSantis, Elon Musk, Ariel, Nelson Peltz, Peltz, Marvel's, — Iger, — Ben Hart, Star Wars Guy 💫, ake Organizations: Disney, Service, Reuters, Pixar, Florida Gov, Marvel, Financial, Star Wars Locations: Florida
As for the newsletter, in today's big story, we're breaking down Disney's big proxy fight . Activist investor Nelson Peltz's proxy fight against Disney for two seats on the company's board comes to a head at its annual shareholder meeting today. The total amount spent between Disney and its rivals wrangling votes is estimated to be at least $70 million, a record for a proxy fight. The statue of Walt Disney and Mickey Mouse at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida. 3 things in businessWin McNamee/Getty Images; Chelsea Jia Feng/BIIn other newsAdvertisementWhat's happening todayThe Walt Disney Company's annual meeting will be held today.
Persons: , Congrats, ya, Bob Iger, Nelson Peltz, Neilson Barnard, David A, Grogan, Nelson, Madeline Berg, BI's Peter Kafka, BI's Grace Eliza Goodwin, Walt Disney, Mickey Mouse, Joe Burbank, Rowe Price, Peltz's Trian, Neuberger Berman, Peltz, It's, Trian, they're, Stocks, Ray Dalio, it's, Quincy Krosby, Jeffrey Buchbinder, Alyssa Powell, Win McNamee, Chelsea Jia Feng, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, National, Getty, Disney, Magic, Walt Disney World, Orlando Sentinel, Tribune, Wall, BlackRock, Peltz's Trian Partners, California Public Employees, Financial Times, DuPont, Fed, JPMorgan, Bridgewater Associates, Astera Labs, Arm Holdings, LPL Financial, Apple, Nvidia, BI, Walt Locations: , Virginia, Lake Buena Vista , Florida, China, Haiti's, New York, London
The unwritten rules of superyachting
  + stars: | 2024-04-02 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +7 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That means that, aside from basic safety guidelines, most of the rules of superyachting are unwritten. Superyachts are expensive to build and expensive to maintain. For a $100 million yacht, that's at least $10 million yearly going to crew, regular maintenance, insurance, fuel, and dockage. So, the most important unspoken rule of superyachting is actually that the only thing better than owning a superyacht is knowing someone else who does.
Persons: , centimillionaires, they're, Rich, Fraser, he's, Jeff Bezos Organizations: Service, Business, SuperYacht, Palm, Breed Media, Fraser Yachts Locations: superyachts, Aiden
A vote for the Disney's slate of board members will show support for Iger's performance as CEO since he returned to lead the company in November 2022. AdvertisementIt's the culmination of months of tussling between Disney and Peltz, who has been waging war against Disney's board since January last year. "When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger's leadership." And proxy advisory firm Institutional Shareholder Service recommended shareholders vote for Peltz, though not Rasulo. Advertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time.
Persons: , Bob Iger, Nelson Peltz's Trian, that's, Peltz, Jay Rasulo —, Maria Elena Lagomasino, Michael Froman, Gen, Alpha, Jason Schloetzer, BlackRock, Rowe Price, Iger, Roy Disney's, Laurene Powell Jobs, George Lucas, Lucas, Bob Iger's, Donald Duck's, Ludwig Von Drake, Schloetzer, Trian, That's, Neuberger Berman, Ike Perlmutter, he'd Organizations: Service, Disney, Nelson Peltz's Trian Partners, Business, Century Fox, Epic Games, Georgetown University's McDonough School of Business, Vanguard, Street Journal, ValueAct Capital, Walt, Star Wars, Lucasfilm, New York Times, California Public Employees, CNBC, Netflix, ABC, ESPN, Marvel, Financial
Jeff Bezos just bought a third mansion on the Miami-area island known as "Billionaire Bunker." Bezos paid $90 million for the home, which last sold for $2.5 million in 1998, Bloomberg reports. Bezos previously purchased multiple neighboring Seattle-area homes for his security and staff. The billionaire Amazon founder purchased a third home on Indian Creek island for $90 million in an off-market transaction, Bloomberg reported. Bezos first bought a $68 million waterfront mansion on Indian Creek in August.
Persons: Jeff Bezos, Bezos, , Ivanka Trump, Tom Brady, snagged, Blue, Madeline Berg, Katherine Long Organizations: Bloomberg, Service, Amazon, Seattle Locations: Miami, Seattle, Biscayne Bay, Canaveral, Beverly, Texas, Hunts
Some American universities estimate their total cost of attendance will exceed $90,000 next year. Tuition and fees at universities have continued to climb, even when adjusted for inflation. The result may be a generation of students wondering if college is worth it. AdvertisementThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. Out-of-state and in-state tuition and fees at public universities have risen by about 38% and 56%, adjusted for inflation, over the same period.
Persons: , Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, NYU, Board, U.S . News, for Higher, of Education, Universities, Institute for Higher Education, Institute for Economic Equity, Federal Reserve Bank of St Locations: U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. This story is available exclusively to Business Insider subscribers. Out-of-state and in-state tuition and fees at public universities have risen about 38% and 56%, respectively, inflation-adjusted over the same period. In a Business Insider and YouGov survey conducted last year, 46% of Gen Z respondents said they don't think college is worth the cost.
Persons: , Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, Business, NYU, Board, U.S News, of Higher, of Education, Universities, Institute of Higher, Institute for Economic Equity, Federal Reserve Bank of St
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