• Net Worth

    LeBron James Declined His Player Option…So Now What?

    LeBron James spent the last four years in Cleveland, but his days as a Cavalier could be numbered. James opted out of his player option, effectively making him an unrestricted free agent. As basketball's offseason heats up, there's one question on everyone's mind: where will LeBron find himself?The four-time MVP is the headliner of a major free agency class. Other big names include Paul George, DeMarcus Cousins, and Chris Paul. James signed a three-year deal in 2016, with a player option for the third year. That final year was the option James declined. He would have made $35.6 million this ...

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  • Net Worth

    Here's How To Move $57 Billion In Cash In The Span Of Just Six Hours

    A year-and-a-half ago, German drugmaker Bayer secured a deal to buy agrochemical company Monsanto for $66 billion. The all-cash deal is the largest all-cash merger ever, with $57 billion of the money coming in cash and $9 billion in assets. That begs the question: how in the world do you transfer $57 billion in cash? Turns out, it's not entirely different from moving a smaller amount of money – but it is a bit more complex.Bayer called on JPMorgan to collect money from tens of banks across different time zones, aggregating it into a single account, and ensuring all parties ...

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  • Net Worth

    This 15-Year-Old YouTube Star Is Building A $100 Million Accessory Empire For Teen Girls

    Jojo Siwa is a 15-year-old YouTube star who's basically poised to take over the world. Jojo who? Exactly.  She just hit our radar too, but once she did, frankly we had to say "damn" and give credit where credit is due. This young lady is a mini-mogul in the making. Jojo came to prominence during her two seasons on Dance Moms. She has two hit singles – "Boomerang" and "Kid in a Candy Store." She posts videos of her day-to-day life on her YouTube channel. She's known for the big hair bows she wears (and markets, but more on that later). ...

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  • Net Worth

    The 76ers Made One Of The Best Trades Of The NBA Draft… They Just Had To Break A Hometown Hero's Heart

    Philadelphia holds a special place in Mikal Bridges' heart. He played high school ball just outside the city, he won two NCAA titles with Villanova, and his mom works for the Philadelphia 76ers, serving as the VP of Human Resources. And for a brief moment, it looked like Bridges would continue being a hometown hero: the Sixers selected him with the 10th pick of the NBA Draft.Unfortunately, Bridges quickly learned that business trumps any potential warm fuzzy feelings.While he was still doing media interviews about joining the Sixers, news broke that the team had trade him to the Phoenix Suns ...

    9029
  • Net Worth

    K-Pop Band BTS Is The Biggest Thing In The World Right Now

    K-Pop has been a thing for awhile now. Right now, BTS, a group of young men who were assembled into a band through a studio audition process are the biggest thing in the world. They are the modern day Beatles or Backstreet Boys, drawing tons of screaming young girls wherever they go. They debuted their unique sound in December 2012 with a rap cover of Wham's "Last Christmas." Since then, they've gone on to completely change the image of boy bands in South Korea and become the biggest breakout success that country has ever seen.Over just the past year, BTS ...

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  • Net Worth

    Dr. Dre And Jimmy Iovine Ordered To Pay Over $25M In Beats Lawsuit

    Remember that lawsuit between Dr. Dre & Jimmy Iovine and designer Steven Lamar over the latter's headphone design for the Beats by Dre brand? Well, the verdict is in, and The Blast is reporting that the jury found in favor of Lamar, awarding him a whopping $25,247,350 in total damages stemming from unpaid royalties from sales of Beats headphones that were derived from Lamar's original design.Iovine and Dre testified in court earlier this week that before their company was sold to Apple for $3 billion in 2016, their focus behind the scenes at Beats HQ was mostly on marketing and visual ...

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  • Net Worth

    Here's How The Suns Traded For A Draft Pick They Already Owned

    Draft picks exchange hands in the NBA all the time. If a trade appears to be favoring one side, that team might throw in a future pick to even things out. Sometimes the trades have protection – it may need to fall outside the lottery to convert, for example – or maybe the pick won't happen until several years down the line. With picks moving constantly, it can be tough to keep up.And sometimes, you just may trade for a pick you already owned.During this year's NBA Draft, the Phoenix Suns traded Zhaire Smith (the 16th pick) and a future ...

    9029
  • Net Worth

    Fyre Festival Founder Involved In Ticket Scam While Awaiting Sentencing

    Remember Billy McFarland? He's the 26-year-old who came up with the idea for the Fyre Festival. He promised aspirational millennials a life changing music festival on the beach in the Bahamas. He teamed up with rapper Ja Rule and set out to fund and promote his big idea. We all know what happened next. Festival goers who paid thousands – $4,000 to $250,000 for a group VIP experience – were left stranded with FEMA tents as accommodations, cheese sandwiches in styrofoam containers, no water, and a festival site rife with thieves, feral dogs, and violence. To add insult to injury, ...

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  • Net Worth

    Late Billionaire Dinu Patriciu's Heirs Owe $226M To Romanian Government

    A Romanian court has made a decision involving the heirs to the fortune of billionaire Dinu Patriciu, who died back in 2014. Patriciu was survived by Ana and Maria Patriciu, his two daughters, as well as Dana Rodica Patriciu, his second wife, and now they're on the hook for about $226 million in American dollars owed to the Romanian Ministry of Public Finance, as reported by Profit.ro.The decision, which is not final and can still be appealed by the heirs, has to do with a sum of around $58.5 million that Patriciu recovered from Libya in 2001, following a complicated series of ...

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  • Markets

    As crises hit House of Fraser and Debenhams, and even John Lewis falters: Are department stores set to follow BHS into extinction or do some have a shot at survival?

    Over the last two years the once-loved institution of the British department store has been well and truly shaken.The tumultuous collapse of BHS in 2015 marked just the beginning of a grim episode, during which Debenhams’ market value has crashed to just £218m and House of Fraser has been forced to call time on half its stores.BHS had a litany of its own issues, including mismanagement, a gaping pension deficit and neglected store estate. Nonetheless, the sudden collapse of the 88-year-old chain sounded warning bells of a retail model that was rapidly falling out of favour. BHS collapsed into administration shortly ...

    9029
  • Net Worth

    Lil Kim Files For Chapter 13 Bankruptcy, Lists $4 Million In Debt

    Lil' Kim has filed for Chapter 13 bankruptcy protection in New Jersey after her mortgage company foreclosed on her gated mansion. She also owes $1.47 million in back taxes to the IRS. All in all, the diminutive rapper has more than $4 million in secured and unsecured debts. She filed her request for bankruptcy protection on May 8th, just three days before her 6,026 square foot home was set to go up for auction. The new date for the auction is June 28th.Lil' Kim is $664,474 behind on her payments for the house. She is claiming that her income has ...

    9029
  • Net Worth

    Why Mexican Soccer Captain Rafael Marquez Is On A U.S. Blacklist

    For soccer players, appearing in the World Cup is a dream come true. You're representing your country and playing with some of the best players in the world. You get to travel to foreign countries and see new sights. And if things break the right way, you become a legend in the game, potentially earning millions in sponsorships and endorsements.Rafael Marquez's World Cup experience has been just a little bit different. The United States Treasury Department is accusing the Mexican captain of laundering money for a drug cartel, placing Marquez on a blacklist. That means he can't be named Budweiser ...

    9029
  • Net Worth

    A Billionaire And A Yogi Team Up To Launch App To Challenge What's App

    Two Indian businessmen, a billionaire and a celebrity yogi, have teamed up to challenge WhatsApp with a new messaging app. However, they ran into trouble when massive security flaws plagued it upon release. Now, they've withdrawn their app and have vowed to fix it.Billionaire Acharya Balkrishna created a consumer goods empire with celebrity yogi Baba Ramdev. Now, the partners are planning a formal release of the Kimbho messenger app within the next few weeks. But first, they have to fix it. Balkrishna promised that his messaging app will have more features than WhatsApp. Oh and by the way, Kimbho translates ...

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  • Markets

    ON THE BOARD: Nazneen Rahman, 51, is made chairman of Astrazeneca's science committee

    The head of genetics at London’s Institute of Cancer Research has been made chairman of Astrazeneca’s science committee.Nazneen Rahman will also become a member of the nomination and governance committee, the drugs firm said.The Oxford University graduate was appointed as a director to the company’s board in June 2017. An internationally-renowned expert in cancer predisposition genes, Rahman was paid £61,000 in the year to December 31.   

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  • Markets

    MARKET REPORT: British Airways hits turbulence as investors worry that a third runway at Heathrow will boost budget carriers

    Heathrow’s third runway may not yet exist, but already its presence is being felt.The morning after MPs resoundingly backed the controversial runway, shares in British Airways’ parent IAG hit turbulence.The group ended yesterday down 3.5 per cent, or 24.6p, at 673.2p, as investors worried that expansion at the UK’s busiest airport would fuel competition.‘The green light is logically aimed at relieving pressure on an airport which has continued to grow,’ said Michael van Dulken, an analyst at Accendo Markets.‘The flip side for IAG, however, is that expansion may end up putting pressure on both IAG and peers – typically flag ...

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quotes

Everyone went outside to smoke cloves and bitch about having to stay after for the State.

Jon Stewart on events following Charles — January 19, 1999