• Net Worth

    Mike Wallace Might Have The Most Easily Attainable Contract Incentive Ever

    Veteran wide receiver, Mike Wallace, signed a one-year deal with the Philadelphia Eagles in March worth up to $4 million. At first glance, it just seems like another stop on the journey. Wallace has formerly played for the Steelers, Dolphins, Vikings, and most recently, the Ravens.But take a closer look at his contract and you'll see something very peculiar. Namely, Wallace can make more than half a million dollars simply by not gaining 50 pounds this year.In one of the most bizarre incentives we've ever seen, Wallace will earn $585,000 if he doesn't tip the scales at 250 pounds or ...

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  • Net Worth

    Los Angeles Biotech Billionaire Close To Deal To Buy D.C. United

    Los Angeles billionaire Patrick Soon-Shiong is closing in on a deal to buy Major League Soccer's D.C. United. The agreement would value to club at a record $500 million.The South African born physician has a stunning $15.5 billion net worth and a mission to fix American health care. In June 2016, his healthcare startup NantHealth went public and made him a fortune during its first day on the market. Soon-Shiong is not just a doctor, he's also part owner of the Los Angeles Lakers.Kevork Djansezian/Getty ImagesSoon-Shiong is buying the stake in the soccer club with team CEO Jason Levien. The ...

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  • Net Worth

    How Opting Out This Offseason Will Make Kevin Durant A Lot More Money For Years To Come

    When Kevin Durant signed a two-year, $51 million deal with the Golden State Warriors last offseason, most basketball fans understood he was taking a discount. He could have earned nearly $10 million more per year on a max salary to help the Warriors keep Andre Iguodala and Shaun Livingston, both key pieces to a roster coming off a championship.This summer, don't expect Durant to accept another discounted offer.Durant plans to opt out of his salary this summer, worth $26.2 million. The nine-time All-Star is in the prime of his career and should go after as much money as possible. The ...

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  • Net Worth

    The Inspirational Life Story Of Patagonia Founder Yvon Chouinard – A Self-Described "Reluctant Billionaire"

    When Yvon Chouinard was in his 20s he spent more than six months of each year criss-crossing North America and the Alps climbing mountains with his friends and living on about 50 cents a day. He caught squirrels for food and sometimes had to hide from park rangers when he stayed longer than his camping permit at parks allowed. Today, Chouinard is the founder of the outdoor gear company Patagonia. He's also probably the most "reluctant" billionaire in the world.Yvon Chouinard was born in Maine in 1938. His family moved to Burbank, California when he was eight-years-old. When he was ...

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  • Net Worth

    Mark Cuban Would Rather Have A Pet Rock Than Buy Bitcoin

    Billionaire owner of the Dallas Mavericks, Mark Cuban, is very vocal on his opinion of both bitcoin and gold. He does not believe either are a viable alternative to cold hard cash.In an interview with Kitco, Cuban said:"I hate gold. Gold is a religion. I do not see gold as an alternative to currency. Not at all. Let's put it this way: I don't see people in Puerto Rico carrying around big bags of gold to try to save things."Cuban went on to say that the value of both bitcoin and gold is determined by supply and demand. They have no ...

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  • Net Worth

    Thai Billionaire Somphote Ahunai Has Lost About Half Of His Fortune In Stock Market Plunge

    Somphote Ahunai is a billionaire in Thailand and Chief Executive Officer of Energy Absolute Pcl. But if current financial trends continue, he might not be a billionaire for much longer, as Energy Absolute's stock market plunge has eliminated almost half of his family fortune, at one point, bringing it down to as (relatively) low as $1.6 billion.Finansia Syrus Securities' head of research, Jitra Amornthum Pcl, told Bloomberg that investors were reacting to news that the government in Thailand won't be increasing the amount of electricity it purchases from renewable solar and bio-fuel energy of the kinds Energy Absolute specializes in. She ...

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  • Net Worth

    'Grand Theft Auto V' Is The Highest Grossing Title In Any Media Of All Time

    Grand Theft Auto V is a watershed video game in many ways, and one of those ways is reflected in its unprecedented commercial success. Unlike most video games, it has experienced a longevity since its launch way back in 2013 that has been, and will likely continue to be, impossible to replicate and continues to be a big seller, pulling in hundreds of millions worth of revenue to this day and clocking 90 million units and counting sold. Data from the NPD Group had it as the sixth best-selling in the United States at the end of 2017, more than four ...

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  • Net Worth

    Tyra Banks Has A $90 Million Net Worth And Hates Spending Any Of It

    Tyra Banks is a supermodel, author, businesswoman, and the brains behind the popular television show "America's Next Top Model." She has a net worth of $90 million. Unlike some people who achieved fame and wealth young and went on a spending and partying binge, Banks has always been someone that would rather save than spend.Her personal philosophy of experiences over possessions is sound. Most things never made her happy, but that big bank balance from saving, did. Tyra is so legendarily frugal that about 15 years ago, her accountants told her that she had to spend some money. Their reasoning ...

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  • Net Worth

    Bugatti Prez Stephan Winkelmann Shares What Kinds Of People Pay $3M For A Bugatti Supercar

    We've all heard of Bugatti and its $3 million supercars, the latest being the Bugatti Chiron which, according to the company itself, is already sold out through at least 2021, and around 300 of its expected 500 models already sold. But you might not actually know anybody personally who would, or even could, drop that kind of money on a car, no matter how nice (or fast) it may be. Bugatti's new president Stephan Winkelmann (he came on board in January after previously working for Audi Sport and Lamborghini) recently delved into the subject in an interview with Business Insider, ...

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  • Net Worth

    The Highest-Paid Golfers On The PGA Tour

    Golf pays. Sure, athletes in the NBA, NFL, MLB, and NHL bring home substantial paychecks. They also have limited careers. The average professional basketball, football, baseball, or hockey career is nowhere near as long as the average professional golf career. A golfer can play the game and stay in the spotlight for decades. Professional golfers putt their way to massive fortunes over the course of several decades. Golfers can keep playing on the professional circuit well into their 50s. Golf is also a sport that is played year round and all over the world. There are tons of opportunities for ...

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  • Net Worth

    BIG3 Founder Ice Cube Files $1.2 Billion Lawsuit Against Qatari Investors

    Ice Cube's BIG3 basketball league, a 3-on-3 basketball league that featured a number of notable retired NBA players, was highly successful in its inaugural season last year. Now, with the league about to enter its second year, the league's founders have filed a billion dollar lawsuit against a group of individuals who had previously agreed to invest in the league.Last week, BIG3 basketball league founders Ice Cube and Jeff Kwatinetz filed a $1.2 billion lawsuit in Los Angeles Superior Court against 4 Qatari nationals in which they accuse the group of defamation, libel, and interference with contractual obligations. In the ...

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  • Net Worth

    Who Is Palmer Luckey, The Infamous Ex-Facebook Employee

    Mark Zuckerberg is in Washington D.C. this week testifying before Congress about the data leak to Cambridge Analytica that is thought to have helped Donald Trump secure the U.S. Presidency. Zuckerberg was well prepared for the line of questioning. The lawmakers, less so. They didn't seem to quite understand the technology behind Facebook, Cambridge Analytica, or apps. Ted Cruz in particular latched onto a subject that seemed to have little to do with the proceedings. He asked Zuckerberg if he had fired Oculus founder Palmer Luckey for his political views.Zuckerberg had to assure lawmakers that he didn't fire Luckey because ...

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  • Net Worth

    Billionaire Frank McCourt Donates $45M Towards Future Manhattan Cultural Center, The Shed

    Next year, a Manhattan cultural space that's billed on its website as "the first multi-arts center designed to commission, produce, and present all types of performing arts, visual arts, and popular culture" called The Shed will open its doors. And it will be in part thanks to a recent donation from Frank H. McCourt Jr., who Barron's reports became involved with the Shed after the institution's chairman of the board recruited him due to his owning some property in its neck of the woods.McCourt eventually became a member of the board of directors, and before his recent $45 million gift, ...

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  • Net Worth

    Billionaire Jack Ma Was Happier When He Made $12 A Month

    They say that money can't buy happiness and China's richest man, Alibaba founder, Jack Ma, agrees. Despite his $42 billion net worth, he believes he was just as happy when he was right out of college and barely making any money. Sometimes, he suspects he was happier when he had less money.Ma graduated from college in 1988 and got a job at a local university teaching English. He made $12 a month in this job. At a recent luncheon at the Economics Club of New York at which Ma spoke, he referred to this period of his life as the "best life ...

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  • Net Worth

    Why The Miami Marlins Are Claiming Corporate Citizenship In The British Virgin Islands

    The Miami Marlins are among the more curious franchises in baseball. After winning the World Series in 1997 and 2003, the team blew up its roster and has made a handful of questionable decisions since. That includes building a behemoth of a baseball stadium despite minimal fan interest and trading away seemingly all of its players this year in an effort to purge salary.So perhaps it isn't a surprise that in order to avoid appearing in Miami court, the team is claiming it's based in the British Virgin Islands.Lawyers told a federal judge that at least one corporation that owns ...

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