• Net Worth

    Saudi Prince Being Evicted From Park Avenue Apartment

    Being a multi-millionaire or billionaire must be pretty great. Not having any money worries, never having to sweat paying your mortgage, being able to buy any car you want, take any vacation you want…it's the stuff of dreams. However, one Saudi royal family member has found himself in a bit of hot water with his Park Avenue penthouse. He hasn't paid the rent in a year and owes the building's owner more than $1.8 million in rent. Oh, and by the way, his penthouse is in the Trump Park Avenue building.STAN HONDA/AFP/Getty ImagesThe unit is 7,132 square feet and one ...

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  • Net Worth

    Inside Derrick Rose's "Perplexing" $185 Million Adidas Contract

    Generally, when star athletes sign endorsement contracts with brands like Nike or Adidas, they're subject to rigorous scrutiny regarding the end of their deal, and if they fall short of various standards, they can be docked pay, or even have their contracts canceled. But earlier this month, Sports Illustrated published a report on an unusual exception to this rule of the person once bursting with promise Derrick Rose, who continues to pull in "superstar" caliber money despite having quite evidently fallen from grace.When Rose signed the Adidas contract back in 2012, he was at the top of his game, but a torn ACL just ...

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  • Net Worth

    The Insane Salaries Of The 5 Highest-Paid Wall Street Banking CEOs

    Wall Street banks had a very good year in 2017, so you know what that means! The board of directors of each company is rewarding their CEOs with huge pay raises. JPMorgan, Chase, Morgan Stanley, and Bank of America (and others) posted very big earnings that beat expectations despite a crazy year for the stock market. The big banks were helped in their success by other divisions of the company such as retail banking divisions, investment banking, and wealth management.Citigroup's Michael Corbat got a 48% boost in his compensation package for helming the 25.2% increase in Citi stock in 2017. By ...

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  • Markets

    Lloyds' profits surge to record £5.3bn in the year banking giant finally broke free of public ownership 'shackles'

    Lloyds Banking Group has hailed a 'landmark year,' boasting a 24 per cent surge in profits in its first year back as a fully private sector company.The group, which includes Lloyds, Halifax and Bank of Scotland, reported pre-tax profits of £5.3 billion last year, a jump on the £4.2 billion it saw in 2016.The update follows the bank's return to private ownership last summer, nearly nine years after being bailed out at the height of the financial crisis after the controversial arranged marriage between Lloyds and the failing Halifax Bank of Scotland. The bank returned to private ownership last summer, ...

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  • Net Worth

    Billionaire Roundup: Moving, Apologizing, Firing, And Taking Action

    Hey there party people! It's been a rough week with another school shooting and all the other stuff going on in the world. If the Winter Olympics aren't enough of a distraction, we've got the latest edition of the Billionaire Roundup for you. Peter Theil has opinions about his fellow Silicon Valley residents and he's not afraid to speak up and then call the moving vans. Treasury Secretary Steven Mnuchin's wife Louise Linton is very, very, very, sorry for her Instagram gaffe. Steve Wynn was given the heave ho from his company and his severance package is… MIA. And finally, ...

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  • Net Worth

    The Kremlin Report Is Targeting Billionaire Russian Art Collectors

    The list of 210 Russians released by the U.S. Department of the Treasury contains the names of prominent Russians believed to have ties to Vladimir Putin and/or the Kremlin. In Russia, this list has come to be known as the "Kremlin Report." It is made up of Kremlin officials and oligarchs who the U.S. government believes may have been involved in election meddling in the United States. The list contains a number of names that share a notable thing in common: they are all prominent and active art collectors.Among the names of Russian art collectors on the "Kremlin Report," are ...

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  • Net Worth

    Ex-Husband Loses Out On $50 Million Fortune With One Dumb Move

    Crocker Coulson is a 53-year-old Brooklyn resident, Yale graduate, former Fulbright scholar, father, and ex-husband. His ex-wife, 53-year-old Anne Resnik is the daughter of the late Philip Morris CEO Frank Resnik. She has an estimated $50 million net worth. Coulson won't see even one cent of it because he was, to put it bluntly, dumb despite his Yale degree and status as a Fulbright scholar. Coulson bugged Resnik's iPhone using $50 software and then recorded private meetings she had with her attorney and therapist to try and turn the divorce proceedings to his advantage.As a result, a Brooklyn Supreme Court ...

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  • Bills

    Ikea encourages British households to switch to a green energy tariff with promise of up to £300 annual savings

    Swedish furniture giant Ikea has partnered with a collective energy switching firm to encourage households to sign-up to a 100 per cent renewable tariff.Ikea is not launching a tariff, rather nudging people to switch to a greener energy supplier, joining forces with the Big Clean Switch.The latter is a 'profit for purpose' firm that helps people move to renewable energy providers. The pair say that switching to a tariff with them could save households around £300 a year through lower electricity and gas bills. Bright idea? Swedish furniture Ikea has teamed up with the Big Clean Switch to help households secure ...

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  • Markets

    We're powerless to stop another crash, admits Bank of England governor Mark Carney

    Mark Carney last night admitted that the Bank of England is powerless to stop the next financial crisis.Speaking in London, the central bank's governor said something was bound to go wrong in future, and it was impossible to know exactly what. But he added that the UK banking system was strong enough to withstand the next shock – even what he called a 'cliff-edge Brexit'.  Que sera sera:  Bank of England governor Mark Carney said something was bound to go wrong in future, and it was impossible to know exactly whatThe Bank has been criticised for its gloomy stance over Brexit ...

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  • News

    Two-thirds of KFC outlets shut down by chicken shortage: More than 600 stores close after DHL fails to deliver meat

    KFC is still grappling with the closure of 600 stores after a new delivery contract with DHL sparked chicken shortages across the country.The company released an updated list of 296 outlets that were still open as of Monday afternoon – though KFC said earlier in the day that many were  offering limited menus or had cut their hours.It means that about two thirds of its near 900 stores were suffering from the shortage. Around two thirds of KFC stores in the UK and Ireland were closed on Monday (Gareth Fuller/PA)KFC gave no indication of when operations would be back to ...

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  • Markets

    Shares in local shop chain McColl’s dip as it reveals the cost of its struggle to obtain stock following collapse of wholesaler Palmer & Harvey's

    Local shop chain McColl’s saw shares dip more than 10 per cent at one point today after it said the demise of supplier Palmer & Harvey has caused its sales to dip.Despite having put contingency plans in place, the company said sales still suffered from a reduced availability of products following the collapse of the wholesaler in November last year, falling by 2.2 per cent the 11 weeks to February 11 on a like-for-like basis.Shares in McColl’s recovered slightly after this morning’s slump and were trading 4.8 per cent, or 12p lower, at 237p around midday. McColl's sales suffered from ...

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  • Markets

    UK companies' dividend payouts left behind US and Asian counterparts but still outpace continental Europe

    UK companies took a cautious approach to dividends last year and raised them by just 3 per cent on average after cutting payments back the previous year in the wake of the Brexit referendum.Dividend payments to shareholders in the UK grew to £68 billion in 2017 according to data put together by investment firm Janus Henderson.The report revealed a record-breaking year for the world as a whole, with total global dividend payouts soaring 7.7 per cent to £925 billion. The Janus Henderson Global Dividend Index found 2017 was a great year for income investors who rely on dividends Every region saw ...

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  • Net Worth

    The Russian Oligarch, His Call Girl Girlfriend, And A $19 Million Loan To Paul Manafort

    Oleg Deripaska is a 50-year-old Russian billionaire oligarch industrialist who is buddy buddy with President Vladimir Putin. He has recently been getting a lot of attention due to his ties to President Donald Trump's former campaign manager Paul Manafort. Oh, and his girlfriend is a call girl who goes by the moniker "Nastya Rybka, Oligarch Huntress."Manafort owes Deripaska $19 million. Let that sink in for a moment. Forget the whole link to Trump thing, he borrowed $19 million from a Russian oligarch. That points to a certain lack of common sense. For that $19 million, Manafort allegedly offered to brief ...

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