10.10.2008
10.08.2008
Tiger Woods Billionaire by 2010
"It took John D. Rockefeller a lifetime, and a virtual monopoly on the oil business, to become a billionaire.
Buick endorser and golfer Tiger Woods, right, helps introduce the 2008 Buick Enclave at the Los Angeles Auto Show in 2006. (Associated Press/Chris Carlson.)
Tiger Woods will do the same after just three decades of playing golf.
Of course, John D.’s billion would be worth a lot more today. But according to an article by Andrew Farrell and Tom Van Riper in Forbes, Tiger Woods is on track to become a billionaire by 2011. Even with his bum leg.
Here are the numbers:
Total earnings–$1 billion by 2010.
Minus taxes and Management fees–about $450 million.
Investment returns–about 8%.
Annual earnings (2007)–$115 million. (He will rake in about $90 million in endorsement contracts this year alone. Over the course of his career, he’s earned more than $750 million from such deals–against career winnings on the golf course of $94,038,162 world-wide through 2007.)
Lots of unknowns could derail this quest for billionairedom. Injuries, weaker performance on the golf course or even divorce could reduce his winnings. But if he succeeds, Tiger would take athlete earnings to an entirely new level. As you can see from the Sports Illustrated list below of highest-paid U.S. athletes, Tiger already is in a financial league of his own. (Note: the SI figure for Tiger differs somewhat from the Forbes estimate.)" WSJ wealth Report
10.07.2008
9.28.2008
McCain's Genius Pick for Vice President.
Watch CBS Videos Online
When McCain dies if he was elected this is who would run our country. . .
If this isnt motivation to vote I dont know what is.
9.26.2008
8.5 Billion
Michael Bloomberg made 8.5 Billion dollars in 12 months.
Lets put this in perspective. HE MADE $1000 EVERY 3.7 SECONDS!!!
9.23.2008
XMAS in September
Its my favorite time of year. My copy finally came in the mail. The new FORBES 400 List!!! Whooo. One of my favorite lists to analyze and dig into. Bill Gates is a champion at #1
"The rich haven't gotten richer--or poorer--this year. The price of admission to this, the 27th edition of The Forbes 400, is $1.3 billion for the second year in a row. The assembled net worth of America's wealthiest rose by $30 billion--only 2%--to $1.57 trillion.
Rising prices of oil and art paved the way for 31 new members and eight returnees, while volatile stock and housing markets forced 33 plutocrats from our rankings.
With a net worth of $57 billion, Bill Gates remains the richest man in America despite losing his crown to Warren Buffett for a few months this spring. Buffett's shares in Berkshire Hathaway have fallen 15% since February.
Newcomers to the list include fertilizer tycoon Alexander Rovt, car dealer and art collector Norman Braman and Patrón tequila founder John Paul DeJoria.
Also new: Mark Zuckerberg, the 24-year-old founder of social networking site Facebook, who debuts on The Forbes 400 with an estimated net worth of $1.5 billion.
Among the returnees are Urban Outfitters (nasdaq: URBN - news - people ) chief Richard Hayne and Gap (nyse: GPS - news - people ) founders Donald and Doris Fisher, who rode the swelling contemporary-art market back onto the list. The couple's art collection is believed to be worth more than $1 billion.
The Forbes 400 is a snapshot of estimated wealth on Aug. 29, 2008, the day we locked in prices of publicly traded stocks. Given how unsettled the stock market is, some of those on our list will become significantly richer or poorer within weeks--even days--of publication. Many, including AIG shareholders Eli Broad and Steven Udvar-Hazy, have lost hundreds of millions of dollars.
The average net worth of The Forbes 400 is $3.9 billion.
The biggest loser this year was casino mogul Sheldon Adelson, whose fortune has fallen $13 billion in the past 12 months--$1.5 million per hour--as shares of his Las Vegas Sands (nyse: LVS - news - people ) have dropped 75% from their all-time highs last October.
Fellow casino kingpin Kirk Kerkorian lost $6.8 billion this year as his stock in MGM Mirage (nyse: MGM - news - people ) fell 70% since last fall.
Other tycoons who have lost big bucks this year include Min Kao of global positioning system maker Garmin (nasdaq: GRMN - news - people ) (down $2.9 billion), Google (nasdaq: GOOG - news - people ) guys Sergey Brin and Larry Page (down $2.7 billion and $2.6 billion, respectively), eBay (nasdaq: EBAY - news - people ) founder Pierre Omidyar (down $2.6 billion) and media maven Sumner Redstone (down $2.5 billion).
This year's biggest gainer is New York City Mayor Michael Bloomberg, whose estimated net worth rose $8.5 billion after he bought back a 20% stake in his financial data and news firm Bloomberg L.P. from Merrill Lynch (nyse: MER - news - people ) this summer, finally putting a price tag on the private media outfit.
Several Forbes 400 veterans fell off the list this year. Among them: former AIG (nyse: AIG - news - people ) head Maurice (Hank) Greenberg and former eBay chief Margaret Whitman.
Two-thirds of the members of The Forbes 400 have fortunes that are entirely self-made, while only 19% of the group inherited their entire fortunes.
There are 42 women on the list with an average net worth of $4.2 billion. Oprah Winfrey saw her wealth increase $200 million to $2.7 billion.
Six members of last year's list died, including potato king John Simplot and building supplies magnate Kenneth Hendricks. He is replaced by his wife, Diane. Other deaths included medical device inventor James Sorenson and Cargill heir John Hugh MacMillan III."-Forbes
9.16.2008
Government bails out AIG
"The U.S. government seized control of American International Group Inc. -- one of the world's biggest insurers -- in an $85 billion deal that signaled the intensity of its concerns about the danger a collapse could pose to the financial system.
The step marks a dramatic turnabout for the federal government, which had been strongly resisting overtures from AIG for an emergency loan or some intervention that would prevent the insurer from falling into bankruptcy. Just last weekend, the government essentially pulled the plug on Lehman Brothers Holdings Inc., allowing the big investment bank to go under instead of giving it financial support. This time, the government decided AIG truly was too big to fail.
As part of the deal, Treasury Secretary Henry Paulson insisted that AIG's chief executive, Robert Willumstad, step aside. Mr. Paulson personally told Mr. Willumstad the news in a phone call on Tuesday, according to a person familiar with the call.
Mr. Willumstad will be succeeded by Edward Liddy, the former head of insurer Allstate Corp.
AIG's bailout caps a tumultuous 10 days that have remade the American financial system. In that time, the government has engineered rescues that insert it deep into the housing and insurance industries, while Wall Street has watched two of its last four big independent brokerage firms exit the scene.
The U.S. on Sept. 6 took over mortgage-lending giants Fannie Mae and Freddie Mac as they teetered near collapse. This Sunday, the U.S. refused to bail out Wall Street pillar Lehman Brothers, which filed for bankruptcy-court protection and is now being sold off in pieces. That same day, another struggling Wall Street titan, Merrill Lynch & Co., agreed to sell itself to Bank of America Corp."-WSJ
Greatest thing since Purified Water!!!!!!
Could life get any better. . . . lol I dont know. . . with the markets being absolutely out of control. But yet and still there are little gems that pop up when you least expect it. Anything that can make my life more efficient and keep me informed. . . IM ALL ABOUT IT! READ THEE JOURNAL RIGHT ON YOUR CRACCBERRY!!!
http://wsjmobilereader.com
This could be you. . . . LITERALLY: IMAGINE Cup
[The World’s Premier Student Technology Competition: EGYPT 09
"I wish there had been an Imagine Cup when I was growing up. It gets people involved in seeing that software is changing the world."
--Bill Gates
Chairman, Microsoft Corp.
Everything that the world may become "someday" lies in the hands of young people today. As they look at the road ahead, their close relationship with technology enables them to dream in ways we never have before. Put the two together, and you have young minds holding the tools that can make their vision a reality.
This is the recipe that inspired Microsoft to create the Imagine Cup. What begins with a burst of inspiration and a lot of hard work can become a future software breakthrough, a future career, or a flourishing new industry. The Imagine Cup encourages young people to apply their imagination, their passion and their creativity to technology innovations that can make a difference in the world – today. Now in its sixth year, the Imagine Cup has grown to be a truly global competition focused on finding solutions to real world issues.
Open to students around the world, the Imagine Cup is a serious challenge that draws serious talent, and the competition is intense. The contest spans a year, beginning with local, regional and online contests whose winners go on to attend the global finals held in a different location every year. The intensity of the work brings students together, and motivates the competitors to give it their all. The bonds formed here often last well beyond the competition itself.]-ImagineCup.com
Some guy from Microsoft came and spoke at one of my classes tonight. Pretty rad guy. Sounds like an amazing opportunity!!!
More J. Bezos
Charlie Rose does the best interviews ever. He's one of my favorites to say thee least. The one "channel" I subscribe to on YouTube is Thee Charlie Rose channel. Too many phenomenal interviews to tackle in one sitting. . . . pure motivation and insight.
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