#and according to his profile in forbes he became ceo of his firm when the former ceo killed himself.

[stewykablooey]

do you think stewy is old money rich?

yes i doooooo i think stewy’s family (and im sure this is the assumption we’re supposed to make) comes from a long line of very wealthy generational wealth. still not at the level of the roys considering the roys are supposed to be one of the richest families in the world, but very wealthy. im sure they lost a chunk of it in the revolution and after they immigrated, but again, remained very wealthy. i do however think that stewy now is the richest he’s ever been

[beardedmrbean]

A dark money nonprofit chaired by Black Lives Matter co-founder Patrisse Cullors has received a majority of its recent cash from a secretive fund used by Silicon Valley tech giants, filings show.

Cullors' nonprofit, Dignity and Power Now, pulled in $4.2 million in undisclosed contributions in 2020, its most recent tax forms show. But while the group does not identify its financial backers, Fox News Digital has discovered that $2.5 million of that amount was funneled through the Silicon Valley Community Foundation and into the BLM activist's social justice nonprofit.

"There is nothing 'dark' or non-transparent about money Fox was so easily able to identify the source and documentation for," said Mark-Anthony Clayton-Johnson, Dignity and Power Now's executive director.

BLM CO-FOUNDER SLAMS 'TRIGGERING' CHARITY LAWS AFTER $6M MANSION EXPOSED

A "dark money" group is an entity that does not disclose its funding sources, and Cullors' nonprofit does not make its donors public. Fox News Digital's discovery of the $2.5 million in contributions was a result of browsing dozens of 990 tax forms of charitable foundations. The Silicon Valley money made up nearly 60% of its 2020 fundraising haul. 

"When we choose to accept philanthropic dollars, it is grounded in the commitment and reality that we move resources directly towards improving the lives of Black and Brown communities whom we serve and are accountable to," he continued. "Our impact and work speaks for itself and we are proud to continue doing it."

"If what you publish contains falsehoods and distortions, we will respond accordingly," Clayton-Jonnson said.

The Silicon Valley Community Foundation is a massive donor-advised fund linked to several big-name tech titans. Netflix co-founder Reed Hastings, Facebook co-founder Mark Zuckerberg and former Twitter CEO Jack Dorsey have all parked money in the organization.

According to its tax forms, it received $2.1 billion in contributions in 2020, making it one of the largest funds in the United States. 

However, it is impossible to determine what individual(s) funded Cullors' group from the foundation. It does not name who steers cash into it, and it also does not report which of its donors directs their cash from the fund to outside groups.

BLM'S $6M MANSION PURCHASE PROMPTS CALL FOR DOJ INVESTIGATION: 'DISTURBING INFORMATION'

The Silicon Valley Community Foundation maintained a relatively low profile until its leaders became embroiled in controversy over its "toxic" work environment, including bullying and sexual harassment. 

Emmett Carson, the former president and CEO of the Silicon Valley Community Foundation, was ousted from his position and received $300,000 in severance pay after the fallout, The Mercury News reported.

Groups linked to Cullors have received hefty funding from identifiable tech executives and their spouses.

Facebook co-founder Dustin Moskovitz and his wife, Cari Tuna, supplied Dignity and Power Now with $5.5 million between 2017 and 2020. 

Moskovitz departed Facebook in 2008 but maintains a 2% interest in the social media company, now called Meta, which Forbes says accounts for a good chunk of his $12.1 billion net worth. 

BLM DEFENDS MULTIMILLION-DOLLAR MANSION PURCHASE IN LENGTHY TWITTER THREAD

Between 2017 and 2020, the pair also pushed $2.3 million to another nonprofit founded by Cullors called Reform L.A. Jails. Reform L.A. Jails paid Cullors' consulting firm, Janaya and Patrisse Consulting, more than $20,000 a month as she served as its chair.

Moskovitz and Tuna have been ardent financial backers of left-wing social justice groups. Tuna has bankrolled Black Lives Matters activist Shaun King's Real Justice PAC, which has also paid Cullors' consulting firm $78,000 for management and strategy services, Federal Election Commission records show.

Moskovtiz's donations received attention after Facebook moved to censor critical stories on Cullors' $3.2 million real-estate buying binge, which included the BLM leader scooping up four homes. Cullors also allegedly eyed property in the Bahamas at a ritzy resort where Justin Timberlake and Tiger Woods own homes.

Additionally, Patricia Ann Quillin, the wife of Netflix co-founder Reed Hastings, contributed $250,000 to Reform LA Jails in 2020.

Cullors recently made headlines after a report exposed a $6 million Los Angeles mansion purchased by the Black Lives Matter Global Foundation, which she co-founded. Cullors left her leadership post with BLM in May 2021 amid scrutiny over her past real estate purchases.

The event led to the BLM activist calling charity transparency laws "triggering," particularly the requirement that groups file Form 990s, or tax forms, to the IRS. 

"It is such a trip now to hear the term '990,'" Cullors said in April. "I'm, like, ugh. It's, like, triggering."

"I actually did not know what 990s were before all of this happened," Cullors continued.

It's unclear why Cullors pinned the blame for the exposé on Form 990s, as the BLM Global Network Foundation has yet to release a complete tax form.

Thousand Currents fiscally sponsored the group for years, meaning it was not required to file 990s showing its detailed cash flow to the IRS. In the summer of 2020, the nonprofit broke away from Thousand Currents and into its own legal entity, making it now required to file tax forms.

However, the Washington Examiner reported that the group had used an "accounting gimmick" to delay the release of its complete 2020 tax forms by switching from a "calendar" to a "fiscal" year. The form is due this month. 

[walterfrodriguez]

Could Bob Zangrillo’s legal troubles imperil Magic City?

(Illustration by Pablo Lobato)

Bob Zangrillo walked out of federal court on a rainy day in Boston in late March 2019 wearing a black heavy coat, a charcoal suit and a blue tie. His face was drawn, forehead furrowed.

The gloomy scene was a far cry from Zangrillo’s carefree days as a playboy in Los Angeles just a few years ago, when he roamed shirtless at Burning Man-themed birthday parties and hosted Coachella after-parties attended by hordes of models and so-called influencers. Zangrillo claims to have made a fortune investing in companies like Facebook and Uber, and had presented himself as the youthful Silicon Valley investor and a Gatsby-esque figure in an Instagram age. And he’s a major stakeholder in Miami’s sprawling Magic City project.

But if the 52-year old looked sober and sullen walking out of court a year ago, he had every reason to be. As part of the sprawling federal investigation nicknamed Operation Varsity Blues, which led to charges against celebrities like Felicity Huffman and Lori Loughlin, Zangrillo had just been charged with mail fraud. He pleaded not guilty.

And while the Norwalk, Connecticut, native faces jail time over the college admission scandal, the Federal Trade Commission (FTC) is also after him, bringing civil charges in January. The FTC alleges Zangrillo chaired a company that ran scam websites set up to look like government agency portals. Zangrillo pleaded not guilty, with his lawyers arguing that he was just a passive investor.

When investors get themselves into the kind of legal trouble that ends up in a chyron on cable news, the developers on projects they’ve funded often quickly distance themselves out of fear that the project will struggle to score financing. It is unclear how much money Zangrillo has put into Magic City, but he and his family were the largest equity backers as of last year. His current legal troubles have developers practicing the art of social distancing.

Bob before the big time

A graduate of the University of Vermont and Stanford Business School, Zangrillo moved to New York in 1995. There he became the CEO of InterWorld, an e-commerce software supplier that worked with Nike and FedEx. At InterWorld, he also started UGO Networks, an entertainment company focused on gaming, which InterWorld sold to Hearst for an estimated $100 million, according to Forbes.

Zangrillo founded his private investment firm Dragon Global in 2008 and moved the company to Miami in 2010. The company says its current and predecessor funds have managed $1 billion in companies with over $500 billion of market value. Zangrillo also claims to be one of the last late-stage venture growth investors in Facebook as well as an investor in Uber, Jet.com and Twitter, according to his company’s website.

For his part, Zangrillo certainly plays the role of a Silicon Valley venture capitalist to his 10,800 followers on Instagram. On some days he is taking ice baths and practicing the Wim Hof method; on others he is showing off his water jetpack or meeting with Los Angeles megamansion developer Mohamed Hadid.

Many of his posts also show off his 11,508-square-foot waterfront estate on Miami Beach’s Di Lido Island. Zangrillo paid $7 million to acquire the property before building a house there for his primary residence in 2016.

Zangrillo, who has shied away from the media attention, declined multiple interview requests through a spokesperson, who did offer one comment: “Mr. Zangrillo’s commitment to fostering a positive and ethical workplace has never wavered, nor has his commitment to the city of Miami and its opportunity to be a global hub of innovation.”

Burning Man

Part of the vision for Magic City had its origins in the desert of Nevada. Zangrillo is a “Burner,” an enthusiast of Burning Man, the annual festival in northwest Nevada  known as much for its ecological message and art installations as it is for its thrill-seeking, power scooter-riding hedge funder attendees.

It was at Burning Man that Zangrillo and his business partner Tony Cho first displayed a silver-colored, 12-foot-high wooden structure spelling out the word “Magic,” which would ultimately become the entrance to the Magic City Innovation District in Little Haiti. The pair, who met through a mutual friend, agreed that Cho, who owns the brokerage Metro1, would be the face of the project, while Zangrillo would help recruit tech companies for it.

In December 2017, Zangrillo and Cho brought on Miami-based development group Plaza Equity Partners along with Lune Rouge, a company led by Guy Laliberté, co-founder of Cirque du Soleil. As the plans solidified, the group attempted to get a Special Area Plan (SAP), which allows property owners who control more than 9 acres of land to apply for zoning changes.

Renderings of the Magic City Innovation District

Under the SAP, the development would include 2,630 residential units, 2 million square feet of office space, 432 hotel rooms and 340,000 square feet of retail, in addition to a pop-up park and sculpture garden at the site in the middle of Little Haiti, at 6001 Northeast Second Avenue.

The development group turned to Miami’s favorite construction lender, Bank of the Ozarks, now known as Bank OZK, for its first round of financing — a $32 million loan issued in February 2018. By that time, the regional bank out of Little Rock, Arkansas, had become one of the most active condo construction lenders in Miami, New York and Los Angeles.

The news hit in March 2019 that Zangrillo was named as part of the college admissions scandal. Later in the month, Zangrillo backed out of his role as managing board member of Magic City. He was replaced by Zach Vella of the New York-based Vella Group.

“He doesn’t have any involvement,” said Vella in an interview with The Real Deal in March 2020. “All decisions are made by the board members, and Bob is completely passive.”

“He needs time to focus on current issues,” Vella added.

Some aren’t convinced that he’s distanced enough from the project.

“Just because they filed that paper in March that he’s no longer the principal in the project doesn’t mean that he is not benefiting from the project,” said Meena Jagannath, an attorney with Community Justice Project, which has filed a lawsuit against the development group for Magic City.

Zangrillo’s still doing some business for his own company, Dragon Global, though it’s unclear if that work intersects with the interests of Magic City. In May, he sought permission from  federal court to go to Montreal for a planned trip that “involved meetings with a large current Dragon Global investor and negotiations to invest in at least two such companies.” The motion did not disclose who he was meeting with, but it’s notable that his colleague on the Magic City project, Guy Laliberté has his company headquarters in the Canadian city.

An ownership chart first revealed by Miami blogger Al Crespo showed that MCD Dragon held the largest equity stake the Magic Innovation District Project, at 35 percent.

Zangrillo personally held a stake of 54 percent in MCD Dragon, while a trust that lists Zangrillo’s daughters, Ashley, Alexa and Amber, held 42 percent, and Los Angeles billionaire investor Neil Kadisha owned 3 percent.

Zangrillo also still has some role, at least, in picking out the artwork for Magic City. Twice in August the investor posted about the project on his personal Instagram account. In early December, he tagged graffiti artist Tristan Eaton in a post that read, “New Art acquisition. Cannot wait to collaborate on Art for the Magic City Innovation District

The original @tristaneaton

.”

OnPoint Global

Zangrillo is more than a backer of the Magic City project. He was chair and one of the lead investors for OnPoint Global, one of Magic City’s first anchor tenants, which leased a warehouse near the heart of the development last June.

OnPoint Global had the largest lease out of the first five tenants to sign at Magic City, taking up 12,000 out of 18,650 square feet. OnPoint was also featured prominently in marketing materials and in interviews that the development group conducted with the Miami Herald.

The company describes itself as a “leading worldwide data-driven, online publisher and service-based e-commerce provider with offices in the United States and Latin America.”

But federal officials allege, in charges filed in December, that OnPoint Global was operating a scheme to defraud people who were seeking government services. The scam allegedly included using sites like DMV.com (instead of .gov). In some cases, the FTC  claimed, OnPoint would charge people to buy information that was already publicly available.

The feds alleged the money man for the operation was Zangrillo, who they claim chaired, co-owned and invested in the company and personally received more than $2 million in distributions and salary from OnPoint Global and its subsidiaries. A federal court in Florida ruled in January that “the websites were patently misleading,” granting an injunction and freezing assets tied to the scheme.

Zangrillo’s lawyer Matthew Schwartz of Boies Schiller Flexner said that Zangrillo was not involved in the day-to-day operation of the company.

“In his role as an investor and limited partner in numerous organizations, Mr. Zangrillo monitors his investments under his companies’ investor rights but has no role in the day-to-day operations of his portfolio companies,” said Schwartz.

Jeff Schneider of Levine Kellogg Lehman Schneider + Grossman, who has acted as a receiver in other FTC cases and is not involved in the OnPoint Global case, said it is significant that the FTC brought the charges against someone as high-profile as Zangrillo. 

“It is surprising to take on so much of a public figure,” said Schnieder. “Even tangentially, these cases are generally 25-year-olds operating in boiler room spaces.”

Former OnPoint Global CFO Bob Bellack said that Zangrillo was not involved in the day-to-day decisions at the company and described his role as being dedicated to bringing investors to the company and providing mentorship to employees.

“His role was pretty typical of any VC [venture capitalist] with a company,”  said Bellack.

Yet one former employee of OnPoint Global told The Real Deal he would often see Zangrillo around the office and disputes the notion that Zangrillo was not aware of what was going on.

“I saw Bob Zangrillo walking through the offices at least once a week for 52 weeks,” said Ryan Marshall, who worked at OnPoint Global for a year as head of talent acquisition. “He was involved in major decisions … he invested a lot of money into the company.”

Cho said in an interview with The Real Deal that Magic City has no immediate plans to remove OnPoint Global as a tenant and will let the case play out.   

On the horizon

At issue right now is how much the college admissions case and the FTC case have hurt Zangrillo and the rest of the development group at Magic City. Miami is rife with developers, investors and brokers who have faced accusations of fraud. It is a city known for giving second chances.

But for now, Zangrillo is backing off. Last month, Avra Jain, developing a $200 million mixed-use project near the Miami River with Zangrillo, said that he was no longer involved in the project.

“Bob Zangrillo was not a managing partner, nor has he been involved in the day-to-day,” Jain said, declining to comment further.

Even when distanced from Magic City, Zangrillo’s troubles could impact the project’s ability to secure permanent financing beyond the loan from Bank OZK. 

David Eyzenberg of the commercial real estate investment bank Eyzenberg & Company, who helps arrange financing for real estate projects, said Zangrillo’s legal troubles will make it more difficult for the group to get financing from a traditional bank.

“If you are a traditional lender you are trying to avoid noise. If you have shareholders, you don’t want noise,” said Eyzenberg.

Andrew Ittleman, an attorney with Miami-based Fuerst Ittleman David & Joseph who is an expert on money laundering, said Zangrillo’s criminal and civil charges could also cause the other developer partners to take on personal guarantees for the project.

“There is not another way to put it; it does not make things easier for the borrower,” he said.

Especially in a world facing extreme upheaval in the wake of the novel coronavirus, what is the appetite for lending to an ambitious development like Magic City? Time will tell. But for now, it appears the project is scrubbing its ties to Zangrillo, who is set to face trial in October for the college admission scandal charges.

Based on his Instagram posts,  Zangrillo doesn’t seem too concerned.

“Life is about balance,” Zangrillo wrote in an October 2019 post. “Too much money or knowledge may not allow you to see the entire picture of life.”

The post Could Bob Zangrillo’s legal troubles imperil Magic City? appeared first on The Real Deal Miami.

from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://therealdeal.com/miami/2020/03/26/could-bob-zangrillos-legal-troubles-imperil-magic-city/ via IFTTT

[business-treasureee-blog]

Inspiration towards Success: Determination and Passion.

As our tag line says, "The world goes on Business", many business men and women are so eager to reach the top or to be on top. Some made it to the top, some are on their way to it but others failed to do so but they are not giving up that easy, and still pursuing what they really want. And now continue to read this blog and be inspired behind the success of the Top 5 most richest people in the world:

 - Bill Gates, he is the richest person in the world. Bill Gates was born William H. Gates III on October 28,1955 by Mary Maxwell and William H. Gates Sr. Gates began to show an interest in computer programming at the age of 13 at the Lakeside School. He pursued his passion through college. Striking out on his own with his friend and business partner Paul Allen, Gates found himself at the right place at the right time. Through technological innovation, keen business strategy and aggressive business tactics, he built the world's largest software business, Microsoft. In the process, Gates became one of the richest men in the world. In the run, Gates experienced rejection and he also experienced to be sued but he continued his passion in computer and look at where he is now, he own a net worth of USD 85.9 Billion.

 - Jeff Bezos was born on January 12, 1964, in Albuquerque, New Mexico, to a teenage mother, Jacklyn Gise Jorgensen, and his biological father, Ted Jorgensen. The Jorgensens were married less than a year, and when Bezos was 4 years old his mother re-married, to Cuban immigrant Mike Bezos. Bezos had an early love of computers and studied computer science and electrical engineering at Princeton University. After graduation he worked on Wall Street, and in 1990 he became the youngest senior vice president at the investment firm D.E. Shaw. Four years later, he quit his  lucrative job to open Amazon.com, a virtual bookstore that became one of the internet's biggest success stories. In 2013, Bezos purchased The Washington Post in a $250 million deal. In 2017, he became the richest person in the world, surpassing Microsoft founder Bill Gates , with a net worth topping $90 billion.

 - Warren Buffett born Warren Edward Buffett on August 30, 1930, in Omaha, Nebraska by Leila Stahl Buffett and Howard Buffett. Warren Buffett demonstrated keen business abilities at a young age. He formed Buffett Partnership Ltd. in 1956, and by 1965 he had assumed control of Berkshire Hathaway. Overseeing the growth of a conglomerate with holdings in the media, insurance, energy and food and beverage industries, Buffett became one of the world's richest men and a celebrated philanthropist. 

 -  Amancio Ortega Gaono is the next. He was born on March 28, 1936 at Busdongo de Arbás, León, Spain to Antonio Ortega Rodríguez and Josefa Gaona Hernández. According to Forbes Magazine , he is currently (2017) the richest person in Europe, and the fourth richest in the world with an estimated net worth of $82 billion. He is also the wealthiest retailer in the world. He started as a shop hand for a local shirtmaker called Gala and then learned to make clothes by hand. In 1972, he founded Confecciones Goa (his initials in reverse), selling quilted bathrobes which Ortega produced using thousands of local women organised into sewing cooperatives. Later on, he and his wife, Rosalia Mera opened their first store which is the Zara. Ortega keeps a very low profile and known for his preference for a simple lifestyle. He didn't show any pictures of him. Until 1999, there's no pictures of Amancio had ever been published. But now, he is known as the fourth richest person in the world. So inspiring, isn't it? 

 - Mark Zuckerberg. Born on May 14, 1984, in White Plains, New York, Mark Zuckerberg co-founded the social-networking website Facebook out of his college dorm room. He left Harvard after his sophomore year to concentrate on the site, the user base of which has grown to more than 250 million people, making Zuckerberg a billionaire. The birth of Facebook was recently portrayed in the film The Social Network. Zuckerberg encountered different ups and downs in his career but he manage to surpassed all. He also undergone criticism. But inspite of all those he experienced, he became the youngest CEO and billionaire. He continue to help others. "With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts," Zuckerberg said.

 And now, this blog is going to give you some strategies to achieve a successful career especially in business. Well, if you want to become one and if you inspired by the people above. 

 The 6 Strategies that was included in our infographics (that was also posted here) basically show us the 6 major ways to have a successful business especially for the entrepreneurs. 

 The first one is "Study the Competition". It is important for an entrepreneur to know the nature of his business so that he can handle any competition that he might encounter in the future. In this way, he can easily identify the things that he should do in order for his business to stand out from its competitors. 

 Second is, "Conserve cash no matter how good business is". It is always necessary for an entrepreneur to save extra money for him to have something to use when an urgent need came up. No businessman want their business to just shut down because of bankrupcy. So this strategy is somehow needed by every entrepreneur. 

The third in the line is "Research NEW Products and Services". In every business, the owners want their customers to have the satisfaction that they want that's why they always find new products and services that their customers will surely enjoy and patronize. This strategy helps every entrepreneur to make their customers stay with them until the end.

 "Don't tackle huge markets at first" is the fourth one. Beginners always start with small businesses. It serves as their training ground as they slowly climb in the ladder of entrepreneurship. Also, who would risk their business by starting with huge markets? It might just give them problems and worse, end their business immediately. 

 The fifth one is "Listen to customer feedback". In the world of business, customers are the most important people. It is like the business depends on them whether it will continue to take place or just end its purchases and services. Every entrepreneur should always remember that the feedback of their customers will affect the business and that they should open their ears to hear any complains or compliments. 

 Last but definitely not the least, "Respond to Changes". Entrepreneurs must be flexible in order for them to adapt the changes that they may encounter while their business is on-going. It is important to respond in changes in able for them to know what is the next action that they are going to take. This strategies are just few from the things that every entrepreneur can do to have a successful business. But we guarantee you that this 6 things might help every businessmen to have a good start and a great end to their business. 

 Last thing is the quotes. Here are some inspiring quotes and explanation that will definitely makes you inspired to pursue your dream job.

 "The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks." - Mark Zuckerberg

 Business world is an extra ordinary phase that an individual is surely be challenge. You can't identify what's beyond that thing without engaging and taking any risk. Exploration begin when you decide to go outside of your comfort zone. There's lot of possibility that can happen but what you can have, still depends on your action and decision. Being afraid won't bring you to success for you are limiting yourself into what you wish to have. The negativities that you visualize can change quickly into a positive one. Every second you lose on thinking was deducted on you opportunity to grow. A risk taker is not just facing the danger but assuring that he can overcome it without losing hope and positive thoughts.

 "It comes down fo finding something you love to do and then just trying to great at it." - Mark Cuban 

 Engaging in an activity is like researching about what your fashion and in the end of that continue applying on the reality. Same with a plant that should be place in the appropriate state where it can assure to grow and develop. Identify what you really want and wish to do, in that thing you're really devoted and determined to pursue in attaining success on it. It's not just all about future profit but also self improvement and discovery. When you love it, it wouldn't seems to be a work but a hobby that you'll wish to have everytime. Let your name be notable because of your chosen field and your achievement on it.

 "Successful entrepreneurs don't wait for the perfect moment - they create it." -Richard Branson

Time by time changes occur in our world. A successful one is surely has that wild imagination and great decision. There's nothing such as perfect moment for it depends on the one who wish to have it. Every time is a great time for an entrepreneur, as soon as he drew possibilities over that usual thing. Let your mind decide what your business will have and don't wait it's result but make your own consummation. Siting and waiting are words that should be eliminate in someone's mind because doing nothing will guarantee to bring you in failure. Make your own path to success and continue improving it until you end up on the final destination.

Source of other information: Wikipedia, Biography.com (https://www.biography.com/people/bill-gates-9307520), Strategies (https://www.google.com/amp/s/www.entrepreneur.com/amphtml/242573?espv=1)

[dylanculvercmp-blog]

The History of Facebook

Facebook is currently the largest social media site in the world boasting an impressive 2.196 billion active accounts as of july 2018. The CEO of facebook, Mark Zuckerberg is currently the 8th richest man alive with a net worth of 57.6 billion according to the forbes list of billionaires.

Facebook began in 2003 under the name facemash. This was a site where people from Harvard University, where Zuckerberg was studying, could vote between two images, hacked from the Harvard dormitory profile photos, to decide which person was “hotter”. Facemash was a resounding success, gaining 450 visitors voting on 22,000 images in the first four hours. Facemash, however, wasn't to last as Harvard University made Zuckerberg take the site down, claiming copyright concerns. Whilst facemash didn’t last, Zuckerberg did not give up and started developing a new social media outlet, this time named “thefacebook”.

Thefacebook was launched on the 4th of february 2004 with Zuckerberg’s co-founder: Eduardo Saverin. This is generally considered the beginning of facebook as we know it. In the month after it was launched, half of the students at Harvard had accounts on the site and in the following month, thefacebook, unlike facemash, spread to many other universities such as Yale, Columbia and Stanford. Over the next 2 and a half years, facebook expanded, bringing in students from high schools and more universities. By september 2006, when thefacebook was preparing to go public to anyone, around 2,000 colleges and 25,000 high schools were registered. Thefacebook was sued around this time though by three members of Harvard university, named Cameron Winklevoss, Tyler Winklevoss and Divya Narendra who claimed that Zuckerberg had intentionally lied to them, stealing their idea and using it to start thefacebook. This dispute was eventually taken to court and between the three of them, they were awarded 1.2 million shares of facebook which were worth around $300 million when facebook had its IPO (when facebook became public). During 2005, Thefacebook bought the domain name “facebook.com” and it officially lost the “the” at the beginning of its name and became known as Facebook .In 2006, on the 6th of september, Facebook was opened to anyone over 13 with an email address as it finally became public.

In the following months after Facebook went public, the small team of people running Facebook put together the first ad-sales pitch in order to start making money. This increase in profitability led facebook to eventually form an international headquarters in dublin, 2008 and by this time, it had about 150,000 monthly active users, overtaking MySpace and becoming the largest social networking outlet in the world.. Following on, 2011 and 2012 were some very big years for facebook. In these years many major things happened such as: the “timeline” as we know it was released, their yearly earnings reached $1 billion and most notably, Facebook bought instagram for $1 billion. Two years later, in 2014, facebook bought oculus for $2 billion.

From when it started, to current time, facebook has continued growing at an unprecedented rate, however, Zuckerberg has had his fair share of controversies.

During 2017, Facebook was under much scrutiny for its role in the fake news spread surrounding the election. Many accounts, largely supporting the republicans, were spreading false information in order to support Donald Trump and make voters more likely to support him. Here are some of the most notable fake news articles: WTOE 5 news claimed that the pope had endorsed Trump, however, it was found out, after this story went viral, that this news firm was just spreading lies that they claimed were “satire” and the news site didn't actually exist in the real world. Secondly, there were many fake articles, attempting to discredit the democrats by claiming that Obama had lied about his birthplace and had instead been born in Kenya. This meant that many people known as “birthers” were unhappy with and were less likely to vote for democrats. Thirdly, once Donald Trump had won the  general election, many “news networks” claimed that Donald Trump had won the popular election, which he had not. Once again an example of how these fake news networks are trying to use Facebook to spread lies and misinformation.

In March 2018, the Cambridge analytica scandal hit Facebook. This was when whistleblowers reported that Cambridge analytica had obtained the personal data from over 87 million Facebook accounts. This scandal becomes even more suspect when people found out that this company that had stolen their personal data was working to advertise Donald Trump’s political campaign. Eventually, Facebook crumpled under the public pressure and suspended Cambridge analytica but the harm had already been done. Despite these controversies, Facebook continues to grow, gaining around 300 million new users a year.

Zuckerberg’s company has bloomed, to say the least. Ever since 2010, he has been named one of the 100 wealthiest and influential people in the world according to the time magazine and in 2016, he was named in the top 10 most powerful people in the world. Mark Zuckerberg was born on the 14th of may, 1984 near New York. As he grew up he developed numerous small computer programs, one of which was known as “ZuckNet”. This was a messaging app used to communicate between his family and the local dentist. Zuckerberg went through most of his school career making programs and by the time he joined Harvard, he was known as a programming prodigy. When in his university, The first major program he made was coursematch, a program to let students make class selections based on the decisions of others. After this Zuckerberg went on to build Facemash, the precursor to Facebook.

In conclusion, Facebook has grown at an unprecedented rate, becoming the biggest social media network in the world and even though many people of younger generations seem to be leaving facebook, its growth is not slowing and it is growing as fast as ever.

[legit-scam-review]

Bitstamp Is Looking Towards ‘Global Expansion’ After Being Acquired by South Korean Investors

On October 29, the cryptocurrency exchange, Bitstamp, was acquired by Belgium-based investment firm NXMH, which in turn, is owned by South Korean media conglomerate NXC Corp.

The Luxembourg-registered exchange is now controlled by the same company that bought the majority stake in the South Korean crypto exchange, Korbit, last year, while its CEO remains in office to continue with Bitstamp’s “global expansion.”

Brief history of Bitstamp, Europe’s oldest and most legally compliant crypto exchange

Bitstamp was launched in August 2011 by Nejc Kodrič and Damijan Merlak in their native Slovenia. As Kodrič recalled in an interview, their business started out in a garage “with an initial capital of just a thousand euros, two laptops and a server.” The idea to open up an exchange came to the entrepreneurs after they experienced difficulties buying Bitcoin in Europe.

As they told Forbes, when they were originally registering their exchange with a Slovenian bank in 2011, it didn’t object because people in Slovenia “didn’t know what Bitcoin was.” In April 2013, Kodrič and Merlak outsourced support, compliance, and legal needs to the U.K., because they couldn’t do all the screening “necessary to keep bad guys out” in their home country. Bitstamp was now a UK registered limited company.

In 2016, Bitstamp became Europe’s first fully legal crypto exchange after it received a license from Luxembourg to operate as a payment institution. To receive the document, the exchange went through two years of various checks, including an audit by Ernst & Young. Being a compliant business, Bitstamp has stuck to strict Know-Your-Customer (KYC) principles.

In 2017, Bitstamp became one of four crypto exchanges that provides the CME Group with pricing data for its Bitcoin futures trading. Kodrič told Cointelegraph at the time:

“It’s essential that we ensure that all data provided does not include any forms of manipulation that could affect the index. We’re proud that we’ve earned the trust of the industry and were chosen to be a part of the new Bitcoin futures market.”

Security seems to be one of the main priorities for Bitstamp, especially after the 2015 hack, when the exchange lost 19,000 BTC (around $5 million at the time). The fraudsters stole the funds from Bitstamp’s hot wallet in a typical phishing attack — the exchange employees received personal emails and Skype messages from seemingly friendly sources. As a result, the person responsible for security, Bitstamp system administrator Luka Kodrich, downloaded malware onto the work computer, which led to the exchange’s security getting breached.

Compensation did not follow, but the security regime was significantly toughened. Specifically, carrying out transactions on Bitstamp now requires using multisignature, and 98 percent of the cryptocurrency is stored in a cold wallet.

Established back in 2011, Bitstamp is the oldest active crypto exchange in the world. It is currently ranked 26th on CoinMarketCap, seeing around $65,858,358 in trades in the 24 hours before press time. Kodrič told Reuters their volume has been down between 60-70 percent comparing to previous years, but stressed that Bitstamp remained profitable in 2018 because current cryptocurrency prices were still higher than they were for most of last year.

Buyout details: Kodrič remains CEO, investor ‘helps with global expansion’

On October 29, Reuters reported that Bitstamp has been acquired by Brussels-based investment firm NXMH in an “all cash deal.” Prior to that, the exchange had raised a total of about $14 million from investors including Pantera Capital, which invested $10 million in Bitstamp in 2014.

NXMH is a family investment holding which has over 2 billion euros in assets “managing the wealth of an Asian tech entrepreneur,” as per its Linkedin profile. It was founded in 2011 and focuses on European consumer and tech investments. The firm is a subsidiary of South Korea-based media giant NXC Corp, which bought a 65.19 percent stake in South Korean crypto exchange Korbit last year.

The deal between NXMH and Bitstamp was reportedly finalized on October 25. Whilst Kodrič declined to share the full terms to the media, he informed Reuters that in 2016 Bitstamp was valued at $60 million, up from $39 million in 2014. Interestingly, in March 2018 the exchange was rumored to be “in the final stages” of being acquired by South Korean investors (of which NXMH is technically a subsidiary) for $400 million.

NXMH now has an 80 percent stake in Bitstamp, with Kodrič retaining his 10 percent ownership interest and staying on as CEO. NXMH has also reportedly obtained “part” of Pantera Capital’s $10 million stake in the exchange, however it will keep a six percent ownership stake in the exchange. Kodrič’s co-founder, Damian Merlak, has reportedly sold all of his 30 percent stake in the exchange in the NXMH deal. According to Kodrič, his co-founder has “not been active since 2015.”

Bitstamp CEO does not believe anything will change for either the exchange’s customers or its 180 employees following the acquisition, as he told Fortune:

“We have kind of the same opinion as NXMH — why change something if it works perfectly well?”

He added that a merger between Bitstamp and Korbit (both owned by one parent company NXC Corp.) was in the talks, but the parties decided to run the exchange separately in the end. The crypto exchanges still plan to share technology, research, and development resources, according to Kodrič.

NXMH was one of four interested bidders for Bitstamp in a process that began in “mid-2017.” He added that they initially struck the deal last December, as the price of Bitcoin was peaking near $20,000, and it took several months for the companies to receive regulatory approval for the arrangement.

Kodrič claims that he and Merlak “were not looking to sell,” and “were definitely not looking for investment because they “didn’t need to raise the capital.” Nevertheless, he took the opportunity to cash out on the majority of his share in the company while keeping 10 percent and remaining the CEO:

“[Bitstamp and NXMH] were very much aligned—where we see the industry going and what the company wants to be […] They’re willing to help us along the way, and help us with our global expansion.”

Other major acquisitions of 2018: Poloniex, BitTrade, Bithumb

Earlier in February, Goldman Sachs-backed, Circle startup, acquired the US-based Poloniex crypto exchange for $400 million.

In late May, Japanese crypto exchange BitTrade was acquired for S$67 million ($50 million) by a Singaporean multi-millionaire and entrepreneur, Eric Cheng. After purchasing a 100 percent stake in the company, Cheng became the first foreign investor to own an exchange licensed by Japan’s Financial Services Agency (FSA).

On August 31, Japanese e-commerce giant Rakuten, with a market capitalization of over $12.5 billion, revealed a 265 million yen ($2.4 million) deal to acquire domestic crypto exchange, Everybody’s Bitcoin.

In October, BK Global Consortium, a group led by one of South Korea’s leading plastic surgeons, Dr. Kim Byung Gun, closed a deal to obtain “50 percent plus one share” of BTC Holding Co. – the largest investor in Bithumb crypto exchange. According to Bloomberg, the purchase was settled at around 400 billion won ($352 million) and will be finalized in February 2019.

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[tornadorojo5]

Top 10 Richest Families in the World |Can you Believe Our Number 1?|

There is a difference between having money and being rich and making sure that no one in your family will ever have to take public transportation or go to work (unless is one of those obscure and twisted fantasies that only a rich kid could have). Here are the 10 Richest and more powerful families in the world.

10. The Cox Family

(Estimated Net Worth: $41 billion dollars)

Back in 1898, James M. Cox bought "Dayton Evening News" which subsequently expanded to Cable TV, radio, and more, much more. Today, his grandchildren are taking over the family business, and the 41 billion fortune is divided among the 5 of them,  Jim Kennedy (he is Cox Enterprises' current chairman), Blair Parry-Okeden, James Chambers, Katharine Rayner and Margaretta Taylor.

Besides the media business, the Cox family also takes on the automotive market challenge. Eleven years ago, the family made a $4 billion dollar acquisition of DealerTrack, a marker of software for car dealerships. The family also owns "AutoTrader.com", "Kelly Blue Book", and "Manheim Car Auctions".

9. The Bettencourt Family

(Estimated Family Net Worth: $47.5 billion dollars)

If you have never heard this name before, I bet that you have heard of L'Oreal. Back in 1907,  Eugène Schueller started this legendary business, after he passed away, his daughter Liliane Henriette Charlotte Bettencourt took over, who was until she died in September 2017, the richest woman in the world. Now, her only daughter, Françoise Bettencourt-Meyers is the richest woman in the world with a net worth by herself of 47.1 billion dollars.

8. Cargill-MacMillan Family

(Estimated worth: $49 billion dollars)

The Cargill-MacMillan family has the most billionaire members compared to any other family in the world (there are 14 of them). Cargill, Inc is one of the largest private companies in America (if not the largest) and their products and services range from bio-industrial, energy, agricultural food, and beverage to pharmaceuticals, however, most of the 108 billion in revenues come from agribusinesses. 

Back in 1865, William W. Cargill started his business empire, founding a small grain storage company, and made his own fortune as the railroad expanded westward at the end of the 19th century in the United States. As his son-in-law, John MacMillan took over the business in 1909, the wealthy family went commonly known as Cargill-MacMillan. The family has not run the company since 1995 when Whitney MacMillan stepped down. The family has agreed that 80% of the company's net income is to stay inside the business for reinvesting activities.

7. Slim Helu Family

(Estimated Net worth: $68.8 billion dollars)

Carlos Slim Helu is, of course, the richest man in Mexico, and is ranked 7 in the Bloomberg Billionaires Index. Carlos alone has a net worth of $65.3 billion dollars (as of April 2018).

He became a billionaire back in 1982 during the currency devaluation and economic crisis of Mexico by investing aggressively and buying companies at very low prices that would soon recover.

In 1990, Carlos had the opportunity to buy Telmex (monopoly telephone company owned by the Mexican government), paying close attention to Telmex's cellular service, offering the public pre-paid phones. The company's customer base exploded, growing at 66% every year, for 15 years.

Besides the telecom companies, Carlos also owns the biggest stake of the New York Times shares. He also bought majority stakes of other big companies in South America such as, "Grupo Carso", among other business in education, media, sports and entertainment, healthcare, manufacturing, real estate, airlines, mining hospitality, technology, retail, oil, and financial businesses.

6. The Mars Family

(Estimated Net Worth: $78 billion dollars)

Well, I guess is candy time! I am sure that all of you guys have eaten at least one of the Mars family candies, if Milky Way, Mars, Sneakers, and M&M ring the bells in your head, this means that you know what we are talking about, for this sweet sins are popular not only in the USA but also worldwide.

Franklin Clarence Mars started his candy selling company from a small kitchen back in the year 1911 and 18 years later his son, Forest Mars, joined in. That was the beginning of nougat flavor invention that formerly became the base of sneakers, one of the world's best selling nougat bar.

5. The Koch Family

(Estimated Net Worth: $82 billion dollars)

This family owns America's second-largest private company. They chose oil and gasoline as the market niches to concentrate their efforts in. It all started back in the year 1920 when Fred Chase Koch, an American Chemical Engineer developed a new method for the refinement of heavy crude oil into gasoline and it was groundbreaking. Today the Koch family runs several businesses, from food companies to transportation.

4. The Arnault Family 

(Estimated Family Net Worth: $83.4 billion dollars)

Mister Arnault has built his massive luxury empire under the LVMH Moet Hennessy Louis Vuitton umbrella. He just not own one luxury brand, he owns almost every luxury brand that you can think of, here is the list. (Spoiler. includes, Tag-Heuer, Dior, Hublot, Bvlgary...need I say more?). What I find surprising for these days billionaires is that he is not a school drop-out, he graduated with a bachelor degree in Arts and Science, and of course, luxury things can bring the best taste of art.

Mister Bernard has been in the luxury business since 1984 when he bought a company for $15 million dollars, including "Dior", now he is 69 years old and is still the Chairman and CEO of LVMH.

3. The Walton Family

(Estimated Net Worth: $130 billion dollars)

While most of the wealthiest families focus on diversification, running multiple industries at the time, the Walton family only focusses on one...Walmart, yeah, wow, they own the largest retailer in the United States. The retails business revenue reach up to $483 billion dollars in sales. Sam and James "Bud" Walton founded the retail business back in 1962, it grew bigger and bigger until what it is today.

After both of the Walton brothers passed away, Walmart was taken over by their children, Sam's 2 sons and 1 daughter and James'es 2 daughters. Today, the Waltons 3rd generation is in charge o the CEO position and make part of the board members, alongside with Kevin Systrom, co-founder of Instagram, and Marissa Mayer, the CEO of Yahoo.

Forbes crowned them the richest family in the United States.

2. The Al-Saud Family

(Estimated Net Worth: $1.4 Trillion dollars)

They are also known as the House of Al-Saud rules Saudi Arabia. The first notable Al-Saud member of the family was Mohammed bin Saud al Qasimi, the founder of first Arabia estate emirate of Syria. Now the family has thousands of members, together they form a wealthy family with an entire net worth that doesn't measure in billions, but trillions of dollars. The family members are also listed in Forbes billionaire list, but the highest rank is for Prince Alwaleed Bin Talal who is currently the 41st richest man in the world with an estimated net worth of $19.5 billion dollars. He does love the eccentricity that only money can buy, owning the most expensive private jet in the world. Let's take a look.

1. The Rothschild Family

(Estimated Net Worth: $2 Trillion???)

Would you ever guess that they are Jewish? well, they are and it makes you wonder how the heck they survive Hitler? well, the answer is...Hitler is just a small time punk to this legendary family, and when you are a punk, you know who you can push around and from who you should stay away, and these people was just out of his league, in other words, he was better off taking his chances with the United States of America than with these people.

Some people say that the estimated net worth of the family is nearly $500 trillion, which is absurd at first, since the total wealth of the world is $250 trillion (the year 2016), but once you take a look at their history, you will notice the almost limitless power of this family that has played the low profile card for centuries, and start to realize that perhaps there is not enough money in the world yet to pay what many countries owe to this family. It makes you think that the entire world's wealth is one thing and the Rothschild fortune is from another world.

The family goes back to 1744, when Mayer Rothschild was born and raised in a Frankfurt Jewish ghetto in the German Duchy of Hesse. Back then, Jewish people were prohibited to live near Christians, so he was poor and hungry. He lived with 30 other family members and learned very young the secrets of a good trade from his father Amschel Moses Rothschild, who traded silk, coins, and commodities for a living.

Although his parents wanted him to study to be a Rabbi, that of course never happened, partly because he became an orphan at the age of 12 and mostly because of his financial killer instinct that does not go along very well with a religious way of living. So he was just a child and with his parents out of the picture, he took an apprenticeship with a banking firm in Hanover shortly after he turned 13. This is when he learned the "ins" and "outs" of banking and foreign trade.

Forward into the future and as the family's alpha, he left a strict rule after his death, the fortune stays in the family. According to the publication of the discover magazine of 2003, "Go Ahead, kiss your cousin". if any of the Rothschild's women marries someone outside the family, she would lose all her money, inmediately.

The family has been involved in trades since the year 1798 that go from acting like the first Central Bank of Europe, brokering purchases for kings, rescuing national banks and funding infrastructure such as, railroads, and almost every single war that was important since 1798.

Among the things that have leaked from the family history, there is one that I think is the most epic of all, I repeat, the known ones. It was the Napoleonic wars. Nathan Rothschild managed and financed several subsidies that the British government sent to different allies and loaned funds to pay the British troops almost single-handed. At the same time, he secretly funded Napoleon too, this way he was growing his own business with the even use of war. The year was 1815 and Nathan was informed that Napoleon appeared to be suffering defeat at Waterloo while the English government believed that they were the ones that were losing the battle. That was a golden opportunity for Rothschild, who began to sell all his bonds, encouraging the rumor that Napoleon had won and that the British papers will soon be worth only the paper they are written on. Soon the English market panicked and followed Rothschild lead. It was then that Rothschild's agents began buying all the bonds he came across at dirt cheap prices. Two days later, when Wellington's envoy confirmed that Napoleon Bonaparte had indeed suffered a crushing defeat, Nathan Rothschild was effectively in control of the English stock exchange. Until this day (April, 2018), England is still paying back money owed to the Rothschild family from this Napoleonic maneuver.

Now, they claim to have prosperous business in the wine industry and other niches (bull crap to me) making an effort to explain their huge estate, but this is useless and perhaps  a little insulting. They thought that it might be a good idea to show $2 trillion in assets to get the people off their back, but, I mean, if it was true, forbes would had it published a long time ago, but to date, there is no mention in regards the Rothschild's fortune.

For this people, the rest of the billionaires in the world are just kids going crazy in a playground they call "the market", but they still won't say anything or seem visible in any way.

Until next time my friends.

https://ift.tt/2r2s7lK

[robertodell-blog]

The 41st Self Made Wealthiest Person In The World And The Founder of Dell Computer Corp: Michael Dell

Dell was very curious about young computers and interested in business was also interested. His first computer was an Apple II, which took it apart so that he could do it. He was an intelligent child and his cleverness helped them earning $ 18,000 a year, while he was only selling 'Houston Post' newspapers in high school. Dell entered the University of Texas for the study of medicine because his parents were desired but he was more interested in computer. Dell started buying IBM Personal Computer at a cost price from retailers and registered his business with Texas State with a capital of $ 1000. His first customer was a student in the campus, but more customers put in and soon his dorm room was full of computer parts. Dell decided to move from campus to another apartment. He was not very happy when his parents came to know about his new business. Although Dell was earning more than $ 80,000 per month and with such money, he was ready to leave the university and start a full-time business. Michael Dell is very talented footballar. With her talent he gained lot of likes on twitter. he twitter account has more than 1.3 million likes..If you want to become famous like celebrity on social media then, buy twitter followers like from us. He founded PC Limited and started selling computers with orders on the phone. In the late 1980s, his company was fully operational, which was offering technical assistance for free, a practice that was used later by the whole computer industry. PC Limited became Dell Computer Corporation in 1998 and made public.

Dell Computer Corp Founder Michael Dell's Amazing Facts

Dell Computer Corp Founder Michael Dell has improved the world of computer with its innovative ideas and vision. Self-made billionaire is currently the chairman and CEO of the company and according to the 2012 Forbes list of billionaires, they hold the position of 41st richest person in the world. The business spread across the world and in the beginning of 1990 the firm had entered the Fortune 500 list of the world's largest companies, 27 by Michael Dell, the youngest CEO of the Fortune 500 firm. Dell is also credited for leading online commerce. Many people in the industry were worried about the idea of selling online computers, Dell was firm in his belief that he could sell 50 computers in a day without using any marketing technique or promotion. Was able to That year, the online sales of the company exceeded $ 18 million. Dale in 2005 with a net worth of $ 20 billion. Was the fourth richest person in the world. Michael Dell has so far managed to handle the reign of his computer empire until he was able to gain the distinction of being the longest CEO of the company. Dell has given many beliefs; His award is called 'Entrepreneur of the Year', 'CEO of the Year', 'The Top CEO in American Business' and his enterprise is called 'America's Most Praised Company' by Fortune Magazine by Ink magazine. Michel Dell's current assets are estimated to be $ 16 billion, he lives in Austin, Texas with his wife and four children in his house.

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