Money | Heavy.com https://heavy.com Sports, Entertainment, Breaking News & Shopping Mon, 22 May 2023 16:24:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.3 Ryan Cohen’s Net Worth: How Much the Chewy Founder Made on Investments https://heavy.com/money/ryan-cohen-net-worth-investments/ https://heavy.com/money/ryan-cohen-net-worth-investments/#respond Thu, 29 Sep 2022 19:42:07 +0000 https://heavy.com/?p=3901411

Ryan Cohen, the founder of Chewy and a CEO beloved by the internet, is a billionaire due in part to his investments, including GameStop. What is his net worth in 2022? He is worth $2 billion, according to Forbes.

Cohen spent about $76 million buying a 13% stake in GameStop at the end of 2020, according to Forbes. At the same time, he urged GameStop leaders to restructure the store to make it successful again. He joined the GameStop board in January 2021, at the same time as Reddit traders spurred a huge surge in the stock price.

Among the Reddit traders was Keith Gill, better known as Roaring Kitty on YouTube and DeepF******Value on Reddit. Read more about Gill here.

While Gill was internet famous in the world of retail traders, Redditors and YouTubers, his name was not widely known until he helped to stoke a trading frenzy as day traders on Robinhood invested in shorted stocks that hedge fund managers expected would turn massive profits. Instead, retail traders, thanks in part to Roaring Kitty, saw their investments shoot up to the moon as Gill encouraged Robinhood investors to buy stock in the floundering company.

The story of the GameStop trading frenzy became a three-part documentary launched on Netflix September 28, 2022: “Eat the Rich: The GameStop Saga.”

Here’s what you need to know:


Cohen Sold Chewy to His Competitor, PetSmart, for $3.35 Billion

Cohen founded Chewy in 2011, and six years later, he sold the company to PetSmart, his former competitor, for $3.35 billion in 2017, according to Forbes. Chewy is an online pet supply store.

“Cohen grew the business to $3.5 billion in annual revenues and stepped down in 2018 after selling it to PetSmart for $3.4 billion in 2017,” Forbes reported.

According to Markets Insider, Cohen leads a very private life, but information on his venture capital firm is public.

“While not much is known about the personal life of Cohen — like his wife’s name, and even his age is disputed — we do know what his venture capital firm, RC Ventures is doing,” Markets Insider reported in June 2022.


Cohen’s Net Worth Climbed By About $500 Million in the Last Year

Cohen’s wealth did not stop increasing after selling Chewy and after he gained a fortune on GameStop stocks. Forbes reported that his net worth climbed by about $500 million between 2021 and today, increasing from about $1.6 billion to about $2.1 billion.

He turned a huge investment in GameStop stock options in 2019 after selling Chewy two years earlier.

“At the end of 2020, Cohen spent about $76 million buying a 13% stake in GameStop while urging management to restructure the ailing brick-and-mortar,” Forbes reported. “He joined GameStop’s board in January 2021 and his fortune surged that month after Reddit traders coordinated a massive surge in the stock’s price.”

Forbes lists Cohen as a self-made billionaire. One of his parents worked as a teacher, and the other worked as a glassware importer. Cohen started his first business at age 15. In that business, he collected referral fees from e-commerce websites, according to Forbes. Cohen is a Canadian native who now lives in Bal Harbour, Florida. He is married, and he is 37 years old.

READ NEXT: Roaring Kitty’s Net Worth: How Much Did Keith Gill Make?

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0 The Gamestop store in Annapolis, Maryland, on September 7, 2022.
Roaring Kitty’s Net Worth: How Much Did Keith Gill Make? https://heavy.com/money/roaring-kitty-net-worth-keith-gill/ https://heavy.com/money/roaring-kitty-net-worth-keith-gill/#respond Thu, 29 Sep 2022 19:12:50 +0000 https://heavy.com/?p=3901413

Keith Gill, better known as Roaring Kitty on YouTube and DeepF******Value on Reddit, is a multimillionaire due to his trading techniques and unusual GameStop investment. How much did he make?

Gill has an estimated net worth of $30 million, according to Techie Gamers. While Gill was internet famous in the world of retail traders, Redditors and YouTubers, his name was not widely known until he helped to stoke a trading frenzy. Day traders on Robinhood invested in shorted stocks that hedge fund managers expected would turn massive profits. Instead, retail traders, thanks in part to Roaring Kitty, saw their investments shoot up to the moon as Gill encouraged Robinhood investors to buy stock in the floundering company.

The story of the GameStop trading frenzy became a three-part documentary launched on Netflix September 28, 2022: “Eat the Rich: The GameStop Saga.”

Here’s what you need to know:


Gill Paid More Than $50,000 on GameStop Stock & His Investment Was Worth $48 Million at Its Peak

Gill was a 34-year-old financial advisor living in Massachusetts when he paid $53,566.04 to buy 1,000 call options for GameStop, and posted his position on Reddit September 8, 2019, in the subreddit wallstreetbets. He posted updates on his position throughout the month with the headline “GME YOLO.”

“God d*** those are some brass balls,” one person wrote in the comments. “Good luck brother.”

Gill answered questions from some commenters explaining how and why he made the investment.

“Did you go in knowing you would buy 1000 contracts or did it just work out that way based on price action?” one person asked.

“These are good questions,” he answered. “No I didn’t intend to get to 1000. At the time I bought the first 50 I thought I might be done, maybe 100 max. I continued to accumulate for a number of reasons, price action being one of them. I can expound my line of thinking but I’d rather wait until the play works out, if at all.”

“Legend,” another Redditor responded.


Gill Shared His Portfolio With the Wall Street Journal, Which Showed $33 Million

By July 2020, Gill had started posting videos on YouTube under the pseudonym Roaring Kitty, “presenting in kitten-themed tee shirts his detailed analysis on why GameStop could gain big if the market grew more optimistic on its sales as a new PlayStation console was released,” Forbes reported. He gained millions of followers on the YouTube channel, which remains inactive today.

Gill spoke to The Wall Street Journal January 29, 2021.

“I didn’t expect this,” he told The Wall Street Journal.

He shared his portfolio, which held about $33 million that day, including GameStop stock, options and millions in cash, the article said. He told The Wall Street Journal that one of his dreams was to build an athletic facility in his hometown.

“I thought this trade would be successful,” he told the newspaper, “but I never expected what happened over the past week.”

“I always wanted to build an indoor track facility or a field house in Brockton,” he added. “And now, it looks like I actually could do that.”

READ NEXT: Ryan Cohen’s Net Worth: How Much the Chewy Founder Made on Investments

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0 Keith Gill, better known as Roaring Kitty, appears on a YouTube video to discuss trading.
Alexis Neiers’ Net Worth: How Much Is the ‘Bling Ring’ Member Worth Now https://heavy.com/money/alexis-neiers-net-worth/ https://heavy.com/money/alexis-neiers-net-worth/#respond Mon, 26 Sep 2022 23:41:07 +0000 https://heavy.com/?p=3896153

Alexis Neiers, whose name now is Alexis Haines, has an estimated net worth of $200,000, according to Celebrity Net Worth. The reality TV star is a mom of two who recently appeared on a new Netflix documentary, The Real Bling Ring: Hollywood Heist.

She became famous, in part, for her role among a group of teens and young adults who burglarized celebrities in Los Angeles between 2008 and 2009, stealing roughly $3 million in cash and belongings from Lindsay Lohan, Paris Hilton, Orlando Bloom, Megan Fox and others. Neiers downplayed her role on the new Netflix documentary, “The Real Bling Ring: Hollywood Heist.” She confessed only to being a participant in the burglary of Bloom’s property, but she maintained she remembered only bits and pieces of the night due to past drug abuse and that she did not know whose house it was.

The three-part, limited series was released on Netflix September 21, 2022.

Here’s what you need to know:


Neiers Was Ordered to Pay Bloom $600,000 in Restitution & She Tried to Start Her Own Clothing Line

Neiers was arrested in 2010 and entered a no contest plea to residential burglary, according to the show. She was sentenced to 180 days in jail, but she was released after spending only 30 days behind bars. She was also given three years’ probation and ordered to pay $600,000 in restitution to Bloom.

Shortly after her rise to fame and jail sentence, she announced she was launching her own clothing line inspired by European designers. She told E News in 2010 the line was meant to be sweet and flirty.

“I’m inspired by a lot of designers in Europe right now, but it’s very Victorian, very sweet, kind of coquettish,” she said. “It’s girly, it’s innocent, it’s fun.”

Today, she hosts a podcast, “Recovering from Reality.”


Neiers Has 2 Daughters & She Announced She Was Divorcing Husband Evan Haines in August 2022

Alexis Haines, 31, was married to Canadian businessman Evan Haines, but she recently announced they were divorcing after 10 years of marriage, according to Us Weekly. They have two daughters, Harper and Dakota.

She presented the divorce as amicable in a statement published by Us Weekly..

“Ten years of marriage and 11 years together was [a] great success and we are coparenting really well,” she said in the statement, according to Us Weekly. “I don’t think either of us wanted to get divorced or to separate, but it’s just the way that things ended up transpiring. Again, I love Evan very much and we are just maybe better coparents than partners.”

People reported in 2021 that Alexis and Evan Haines had an open marriage, and that Alexis Haines was dating Kris, the ex-girlfriend of Braunwyn Windham-Burke.

She and Evan Haines have two daughters. Harper Haines was born in 2013 and Dakota Haines was born in 2016, according to Celebrity Net Worth. She shared a photo of herself and her two daughters on Instagram September 19, 2022, walking along the beach.

“lights of my life,” she captioned the photo.

Neiers told Entertainment Weekly she never watched “The Bling Ring” movie.

“I’m a busy mom of two kids,” she said. “If I’m gonna sit down for two hours, it’s not gonna be to watch The Bling Ring. When I was filming this documentary, they had me watch bits and pieces of the movie and asked me my opinion on it. It’s just too easy.”

READ NEXT: Alexis Neiers’ Husband, Evan Haines & Kids: Her Life Now

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0 The members of the "Bling Ring" in their mugshots.
Juul’s Net Worth Plummeted Following Altria Deal https://heavy.com/money/juul-net-worth/ https://heavy.com/money/juul-net-worth/#respond Wed, 07 Sep 2022 15:23:31 +0000 https://heavy.com/?p=3859623

Juul lost the vast majority of its net worth during an investigation into its marketing practices, accused of targeting teens in its advertising campaigns for nicotine products. The company’s market value was $450 million at the end of its second quarter in 2022, according to CNBC.

Juul Labs was ordered to pay nearly $440 million to settle the lawsuit following a two-year investigation launched by 33 states, according to NPR. The investigation sought to prove the company was marketing high-nicotine vaping products to teens. The company was blamed for a surge in teen vaping, the news outlet reported.

“Connecticut Attorney General William Tong announced the deal Tuesday on behalf of the states plus Puerto Rico, which joined together in 2020 to probe Juul’s early promotions and claims about the safety and benefits of its technology as a smoking alternative,” NPR reported.

Juul Labs still faces nine separate lawsuits from the remaining states, and hundreds of personal lawsuits filed on behalf of teens and others who say they became addicted to the vaping products marketed by the company, according to NPR.

Here’s what you need to know:


Altria, a Cigarette Maker, Invested $13 Million Into Juul in 2022

Juul lost 95% of its value in 2022 as U.S. regulators worked toward banning the company’s e-cigarettes, according to CNBC. The news outlet reported July 28, 2022, that the value of Altri’s Juul investment was cut by more than $1.1 billion, setting the new value at $450 as its second quarter came to a close.

Altria, based in Richmond, Virginia and Juul’s largest stakeholder, said it would maintain its investment deal, and agreed not to sell any competing products, according to a company statement quoted by CNBC. The statement said Juul still held value to Altria.

“At this time, we continue to believe that these investment rights are beneficial to us,” the statement said, according to CNBC.


Altria Is Juul’s Largest Investor & Owns a 35% Stake of the Company

Altria, based in Richmond, Virginia, is Juul’s largest investor with a 35% stake, according to CNBC. Altria made its agreement with Juul Labs in 2018.

“Altria executives signed the $12.8-billion pact in 2018, betting that Juul’s popular vaping devices presented a lucrative alternative to tobacco products,” CNBC reported.

The U.S. Food and Drug Administration announced its plans in June 2022 to ban small cartridge-based e-cigarettes, saying Juul failed to disclose that its nicotine products contained chemicals that were potentially harmful.

“The decision surprised industry observers and experts given that the FDA has authorized several competing e-cigarettes and Juul spent years gathering data to support its application,” CNBC reported.

But Juul was able to continue selling its products because the FDA reopened its review of Juul’s application in July after a federal court ruled the ban could not immediately take effect. The FDA’s decision regarding Juul is just one part of its review of all e-cigarettes, investigating claims regarding the ability to help smokers reduce or quit their smoking habits.

Juul had a revenue exceeding $1 billion in 2018 and captured more than 70% of the U.S. nicotine vape market, according to Forbes.

READ NEXT: James Monsees of Juul’s Net Worth Is Nearly $1 Billion

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0 JUUL Labs Inc. Virginia tobacco and menthol flavored vaping e-cigarette products are displayed in a convenience store on June 23, 2022 in El Segundo, California.
James Monsees of Juul’s Net Worth Is Nearly $1 Billion https://heavy.com/money/james-monsees-net-worth/ https://heavy.com/money/james-monsees-net-worth/#respond Wed, 07 Sep 2022 15:14:33 +0000 https://heavy.com/?p=3859562

James Monsees, co-founder of Juul and the e-cigarette company’s former chief product officer, is in the news after a settlement was reached regarding marketing campaigns targeting youth. Monsees left the company in 2020. His estimated net worth is $900,000, according to Forbes.

Juul Labs was ordered to pay nearly $440 million to settle the lawsuit following a two-year investigation launched by 33 states, according to NPR. The investigation sought to prove the company was marketing high-nicotine vaping products to teens. The company was blamed for a surge in teen vaping, the news outlet reported.

“Connecticut Attorney General William Tong announced the deal Tuesday on behalf of the states plus Puerto Rico, which joined together in 2020 to probe Juul’s early promotions and claims about the safety and benefits of its technology as a smoking alternative,” NPR reported.

Juul Labs still faces nine separate lawsuits from the remaining states, and hundreds of personal lawsuits filed on behalf of teens and others who say they became addicted to the vaping products marketed by the company, according to NPR.

Here’s what you need to know:


Monsees and Juul Co-Founder Adam Bowen Lost Billionaire Status in 2019

Monsees and Adam Bowen, Juul’s co-founders, had been billionaires until 2019, when their estimated net worth dropped from about $1.1 billion to $$900,000, according to Forbes.

The estimate was based on the company’s falling valuation and an investor write-down at the time. Forbes estimated that Bowen and Monsees both held a 1.75% stake in the company.

The company’s value has fallen further since then. Juul lost 95% of its value in 2022 as U.S. regulators worked toward banning the company’s e-cigarettes, according to CNBC. The news outlet reported July 28, 2022, that Altria cut the value of the Juul investment by more than $1.1 billion, setting the new value at $450 million as its second quarter came to a close.


Monsees Left Juul in 2020 & Works as a ‘Design Thinker, Implementor’ in 2022

Monsees left Juul in 2020 after working for the company he founded with Bowen as its chief product officer. He wrote in a companywide memo at the time, obtained by Buzzfeed News, that he was looking forward to spending more time with his family. He had recently been married.

“After 15 years on this tremendous journey, it is with a great deal of thought and consideration that I have decided it is time for me to move on from JUUL Labs and step down from our Board. These many years have been incredible, and I did not make this decision lightly,” the memo said, according to Buzzfeed.

He also said in the memo that he was “looking forward to spending more time with my family and pursuing other interests both personally and professionally,” according to Buzzfeed.

Monsees describes himself on his LinkedIn page as a “design thinker, implementor” and an investor.

He received a master of fine arts degree in product design from Stanford in 2005, his page says. He launched James Monsees Product Design in 2004 “developing consumer products for cool companies,” his page says. Those included snowshoes for K2/Atlas Snowshoe Company, “secret things for a San Francisco fuel cell startup” and “human power generation for High Tide Associates.” Monsees lives in San Francisco.

READ NEXT: Juul’s Net Worth Plummeted Following Altria Deal

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0 James Monsees, co-founder and chief product officer at JUUL Labs Inc., testifies before the House Economic and Consumer Policy Subcommittee which is examining JUUL's role in the youth nicotine epidemic, on July 25, 2019 in Washington, DC.
Bob Saget’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/bob-saget-net-worth/ https://heavy.com/money/bob-saget-net-worth/#respond Mon, 10 Jan 2022 03:24:18 +0000 https://heavy.com/?p=3538625

Bob Saget was an actor and comedian known best for “Full House” and America’s Funniest Home Videos.” He was found dead in an Orlando, Florida hotel room Sunday, January 9, 2022, at age 65. Saget had an estimated net worth of $50 million at the time of his death, according to Celebrity Net Worth.

The Orange County Sheriff’s Office confirmed in a statement that Saget had died. While they did not specify a cause of death for the actor, they said there were no signs of foul play or drug use.

Here’s what you need to know:


1. Bob Saget & His Ex-Wife Sherri Kramer Bought a $2.5 Million Home in LA

In September 1990, Saget and Kramer, who was his wife at the time, bought a home in the ritzy Pacific Palisades neighborhood of Los Angeles for $2.5 million, according to Celebrity Net Worth.

Accounting for inflation, that house would cost about $5 million today, the publication reported.

Kramer and Saget were married for about 15 years. They were married in 1982 and divorced in 1997. She worked as a screenwriter and massage therapist, and has stayed out of the public eye since her divorce from the actor. They had three daughters together: Aubrey, born in 1987, Lara, born in 1989, and Jennifer, born in 1992, according to Closer Weekly.


2. Saget Was a Member of the Scleroderma Research Foundation & Raised Awareness Following the Death of His Sister

Saget was a board member of the Scleroderma Research Foundation, the organization’s website says. He was actively involved in research and awareness of the disease following the death of his sister, Gay Saget.

He wrote a tribute to his sister in 2020, around the time of her birthday, sharing a photo of his sister and their grandmother.

“My sister Gay would’ve been 73 yesterday,” he wrote on January 10, 2020. “She died when she was 47 from scleroderma, a disease that I’m part of finding the cure, as a proud board member of the #SclerodermaResearchFoundation – My heart goes out to everyone who has lost someone dear to them. The other sweet lady in the picture is our grandmother, Bella Comer. We lost her to old age. I am working on a cure for that too.”

His profile on the organization’s website lists his accomplishments as an actor, followed by a description of his work with the organization.

“Most importantly, Bob wrote and directed the film, ‘For Hope,’ chronicling his sister’s struggles with scleroderma,” the profile says. “He joined the SRF Scleroderma Research Foundation Board of Directors in 2002 and has been a key figure in organizing and producing SRF’s annual signature event, Cool Comedy • Hot Cuisine.”


3. Saget Bought a $2.9 Million Home in Los Angeles in 2003

Saget bought a second home in Los Angeles following his divorce from Kramer, paying $2.9 million for the home in 2003, according to Celebrity Net Worth.

Fans of Saget wrote on Twitter that he was a large part of their childhoods.

“You, Bob, and Dave were such a huge part of so many of our childhoods. It’s so heartbreaking to lose someone you feel you knew when you were a child,” one person wrote on Twitter.

“this,” another person wrote in a reply. “i started crying in the shower, surprised how sad this made me. but it’s our childhood.”


4. Saget Wrote a Book About His Journey as a Comedian

Saget wrote a book about his journey as a comedian, “Dirty Daddy: The Chronicles of a Family Man Turned Filthy Comedian.” It was published in 2014 and explores how the comedian first known for his risque sense of humor became known as “America’s Dad.”

The book’s description says:

Millions of viewers know and love Bob Saget from his role as the sweetly neurotic father on the smash hit Full House, and as the charming wisecracking host of America’s Funniest Home Videos. And then there are the legions of fans who can’t get enough of his scatological, out-of-his-mind stand-up routines, comedy specials, and outrageously profane performances in such shows as HBO’s Entourage and the hit documentary The Aristocrats.

In his bold and wildly entertaining publishing debut, he continues to embrace his dark side and gives readers the book they have long been waiting for—hilarious and often dirty. Bob believes there’s a time and a place for filth. From his never-before-heard stories of what really went on behind the scenes of two of the most successful family shows of all times, with co-stars like John Stamos and Mary-Kate and Ashley Olsen, to his tales of legendary friends and colleagues like Rodney Dangerfield, Richard Pryor, Don Rickles, and other show business legends, Saget opens up about some of his personal experiences with life and death, his career, and his reputation for sick humor—all with his highly original blend of silliness, vulgarity, humor and heart, and all framed by a man who loves being funny above all else.


5. Saget Donated His Voice Acting Talents to Fundraise for a Charity

Saget was one of a number of celebrities who donated his voice to raise funds for charity in 2007, according to L.A. Biz. The Starlight Starbright Children’s Foundation launched an online video game, “Tuttles Madcap Misadventures: Starlight Charity Challenge,” to raise funds and awareness for their foundation. The foundation supports seriously ill children and their families.

At the time, the game was being sold for $19.99. Other actors appearing on the game included William Shatner, Jamie Lee Curtis, Ashley Tisdale, Dominic Scott Kay, Dave Thomas and Dave Coulier, the news outlet reported.

“Starlight partnered with Legacy Interactive on the game’s development and publishing,” the news outlet reported. “Legacy is contributing 75 percent of its proceeds from the game back to Starlight.”

READ NEXT: Bob Saget’s Sister Gay Died of Scleroderma & He Died on Her Birthday

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0 Bob Saget attends the Women's Guild Cedars-Sinai Annual Gala at The Maybourne Beverly Hills on November 03, 2021 in Beverly Hills, California.
Ghislaine Maxwell’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/ghislaine-maxwell-net-worth/ https://heavy.com/money/ghislaine-maxwell-net-worth/#respond Thu, 24 Jun 2021 21:43:30 +0000 https://heavy.com/?p=3214268

Ghislaine Maxwell is awaiting trial on charges accusing her of recruiting minors into a sex trafficking ring for Jeffrey Epstein to abuse. The former socialite and her husband have a combined net worth of $22.5 million, her attorneys revealed in court filings, according to the Associated Press. The subject of Maxwell’s wealth has been discussed by prosecutors and judges, who are investigating any links between Maxwell and Epstein’s finances, and who have determined she was a flight risk because of her access to money.

Documentary filmmakers and investigative reporters are taking a deeper look into Maxwell’s life before her trial, which a New York judge ordered would begin in November 2021. Maxwell’s attorneys told ABC 20/20 they believe Maxwell is being punished in place of Epstein, who died in jail before he could face his charges. Peacock also released a docuseries on Maxwell June 24, 2021, “Epstein’s Shadow: Ghislaine Maxwell.” 20/20 interviewed Maxwell’s brother, Ian Maxwell, in an episode, “Notorious: Ghislaine Maxwell,” which airs at 9 p.m. Eastern time Friday, June 25, 2021.

Maxwell, now 59, is being held at MDC Brooklyn, a federal Metropolitan Detention Center, according to her records from the Federal Bureau of Prisons. She has pleaded not guilty to her charges, which include charges of sex trafficking a minor, sex trafficking conspiracy, transporting a minor for the purposes of criminal sexual activity and conspiring to entice minors to travel to engage in illegal sex acts, according to NPR.

Here’s what you need to know:


1. Maxwell Was the Daughter of British Media Tycoon Robert Maxwell & Grew Up in a 53-Room Mansion

Maxwell grew up in a 53-room mansion, Headington Hill Hall, with her dad, Robert Maxwell, mother, Betty Maxwell, and seven siblings, according to the Headington organization. Robert Maxwell initially leased the building to house his press offices in 1959, but later moved into the 130-year-old home, renovated it and moved the press offices to the stables. He installed cinema-screen televisions in almost every room, the article said. Maxwell also commissioned art for the mansion, including giving Victorian-era stained glass windows a personal touch.

“The original Victorian stained-glass window on the stairs, showing Samson at the gates of Gaza, was damaged during the war, and was replaced by the Maxwells,” the article said. “The new window… created by the Israeli sculptor and ceramicist Nehemia Azaz, is believed to depict Robert Maxwell himself as Samson.”

The writer continued that Maxwell added so much security to the mansion that it became like a “fortress.” Meanwhile, his press staffers nicknamed the company the “Purgatory Press.”

“With nearly a hundred years of security ahead of him, Maxwell turned the Headington Hill Hall site into a fortress,” the article said. “Guards were posted at the main entrance, the fence was reinforced with barbed wire, and video cameras were fixed to trees. Staff were kept away from the main house and its swimming pool and tennis court, although the old kitchen wing of the mansion was used as offices. Speakers were fitted to every office so that Maxwell could make announcements to the staff, who called the firm they worked for ‘Purgatory Press.'”

Robert Maxwell had been one of the world’s richest men, but his media empire eventually crumbled, he defaulted on massive loans, and hundreds of millions in pounds was diverted from his company’s pension funds, a fact that was discovered after his death in 1991, according to Time. It was not known whether Ghislaine Maxwell inherited assets from her father, or whether she was left penniless, the article said. Her older brother declared the largest personal bankruptcy in U.K. history due to the scandals that surrounded Robert Maxwell’s company, Time reported.

“It is very unclear whether the defendant is receiving proceeds from trust accounts or an inheritance or means of other kinds,” Assistant U.S. Attorney Alison Moe said at a 2020 bail hearing, according to Time.

Moe further said prosecutors were made aware of a Swiss trust holding more than $4 million and benefitting Maxwell. A relative served as a trustee, the article said.

Maxwell’s attorney, Mark Cohen, said at the hearing Maxwell disclosed the Swiss account in a filing with the Internal Revenue Service and that one of the fund transfers was due to the maturation of a $500,000 bond, according to Time.

Harvey Bezozi, an accountant and financial adviser in Greenwich, Connecticut, told Time that Robert Maxwell likely tried to protect some of his assets for his family.

“I would imagine that the family inheritance or trust was constructed by a highly competent estate tax attorney,” Bezozi told Time.

“It could be an elaborate shell game — where the peanut’s underneath the shell and it keeps moving around and there are more and more shells,” Jordan Waxman, managing partner of New York wealth management firm Nucleus Advisors, told Time.


2. Maxwell’s Wealth & Assets Have Been Discussed Multiple Times at Bail Hearings & a Judge Determined She Was a Flight Risk

Maxwell’s wealth and assets have been the subject of controversy and discussion throughout the ongoing sex trafficking case. The extent of her wealth was only recently made clear when her attorneys filed documents saying she had $22.5 million in combined total assets, along with her husband, the Associated Press reported.

The court filing was a request to set bail for Maxwell in a $28.5 million bail package, which said if she posted bail she would be kept under 24-hour guard in a New York City apartment and wear an electronic bracelet, the article said. Prosecutors opposed the package, saying she was a flight risk due to multiple citizenships in the United States, the United Kingdom and France and “because she had access to considerable wealth and connections abroad,” the article said.

Maxwell’s attorneys requested multiple times that bail be set in her case. At previous hearings, they claimed her wealth was substantially lower than the $22.5 million which was later revealed, according to Time.

“At a basic level, the defense argument is that she cannot remember off the top of her head just how many millions of dollars she has,” Assistant U.S. Attorney Alison Moe said at one of Maxwell’s bail hearings in 2020, Time reported.

At that time, Maxwell claimed she had less than $1 million in the bank and no monthly income, a claim which the prosecutor called “implausible,” according to Time.


3. Maxwell Was Associated With More Than 15 Bank Accounts With Balances Ranging From Hundreds of Thousands to More Than $20 Million

Prosecutors said at a bail hearing for Maxwell in 2020 that she was associated with more than 15 bank accounts from 2016 to 2020 and that those accounts had balances which ranged from hundreds of thousands of dollars to more than $20 million, according to Time. She also owned at least two townhouses, including one in Manhattan she sold for $15 million in 2016, and one in London she still owned at the time of the hearing and offered as a bail guarantee, the article said.

Mark Cohen, one of Maxwell’s attorneys, disputed the claim that Maxwell was “associated” with 15 bank accounts, Time reported.

“No detail, no explanation to the court, just more dirt,” Cohen said, according to Time. “Well, she has three bank accounts that she disclosed.”

He further said the proceed from the sale of her Manhattan townhouse had been depleted by expenses including “extensive, substantial litigation,” Time reported. Maxwell settled a lawsuit in 2017 with undisclosed terms with Epstein victim Virginia Guiffre, Time reported. In 2020, she was paying four lawyers to defend her against her criminal charges, the article said.


4. Prosecutors Alleged More Than $20 Million Was Transferred From Offshore Accounts Associated With Epstein to Maxwell

Prosecutors claimed more than $20 million was transferred from offshore accounts associated with Epstein to several accounts associated with Maxwell between 2007 and 2011, and millions were later transferred back, according to Time. Jordan Waxman, managing partner of New York wealth management firm Nucleus Advisors, told the publication the transfer amount seemed low, and said he suspected the $20 million may have been “the tip of the iceberg.”

“I would venture to say 20 is probably what they found so far and that the net worth would be substantially more,” Waxman told Time. “The other thing is Jeffrey Epstein allegedly was worth $570-or-so million. What was she doing as his No. 2 and only with $20 million?”


5. Maxwell Connected Epstein With the Global Elite & Names Were Collected in the So-Called ‘Little Black Book’

Maxwell used her connections from growing up in British high society to connect Epstein with the global elite, which included politicians and members of royalty, according to Time. Mother Jones reported that anyone who had contact with Epstein or Maxwell appeared in a “little black book,” which included 97 pages of 1,571 names, thousands of email addresses, phone numbers and home addresses.

Epstein’s employees called the book of Epstein’s contacts “the Holy Grail,” Mother Jones reported. The book first appeared in court when Epstein’s former butler, Alfredo Rodriguez, tried to sell it to lawyers representing Epstein’s victims for $50,000.

Thirty-eight of the names are circled for reasons that are not yet known, the article said.

“There are celebrities, princes and princesses, high-profile scientists, artists from all over the world, all alongside some of the world’s most powerful oligarchs and political leaders—people like Prince Andrew (circled), Ehud Barak (circled), Donald Trump (circled),” the article said.

A source told ABC 20/20 the story of Maxwell is “a fairy tale told the wrong way around.”

“The princess starts life in a palace,” he says. “And she ends up in a kind of dungeon.”

READ NEXT: Who Killed Jeffrey Epstein?: The Theories on His Death

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0 Ghislaine Maxwell attends day 1 of the 4th Annual WIE Symposium at Center 548 on September 20, 2013 in New York City.
Neymar’s Net Worth 2021: 5 Fast Facts You Need to Know https://heavy.com/money/neymar-net-worth-2021/ https://heavy.com/money/neymar-net-worth-2021/#respond Fri, 28 May 2021 00:38:07 +0000 https://heavy.com/?p=3185319

Nike ended its contract early with Brazilian athlete Neymar when the company launched an investigation into allegations that he sexually assaulted an employee, The Wall Street Journal reported. Neymar da Silva Santos Jr., who often goes by Neymar Jr., has an estimated net worth of $200 million, according to Celebrity Net Worth.

Neymar’s spokesperson denied the allegations in a statement to The Wall Street Journal, saying the split with Nike was due to commercial reasons. Nike issued a statement saying its investigation was “inconclusive” and that the employee initially asked the company to keep the matter confidential.

“Neymar Jr. will vigorously defend himself against these baseless attacks in case any claim is presented, which did not happen so far,” the statement said.

Here’s what you need to know:


1. Nike Ended Its Contract With Neymar 8 Years Early When the Sexual Assault Probe Began in 2016

Nike ended its endorsement deal early with Neymar in August 2020 and did not give a public reason at the time. There were eight years left on the contract. However, The Wall Street Journal reviewed documents and spoke with sources and found the reasons stemmed from a 2016 sexual assault allegation, according to their reports.

Sources and documents reported by The Wall Street Journal indicated the Nike employee took several steps in 2018 that spurred the investigation, including filing a complaint to Nike, describing the alleged assault to Nike’s head of human resources and to the company’s general counsel. Nike hired attorneys to conduct an investigation in 2019 and subsequently stopped featuring Neymar in their marketing materials, the newspaper reported.

Nike issued a statement saying they launched an investigation with “inconclusive” results as soon as the employee “expressed interest in pursuing the matter.” The statement said she notified the company in 2018 with “assurances of confidentiality.” Nike was “deeply disturbed” by the allegations and handled them “with great seriousness,” the statement said.

The investigation was ongoing when Nike ended the contract in 2020, The Wall Street Journal reported, saying Neymar did not cooperate with the investigation.

“Nike ended its relationship with the athlete because he refused to cooperate in a good faith investigation of credible allegations of wrongdoing by an employee,” Hilary Krane, Nike’s general counsel, said in a statement to the newspaper.


2. Neymar Became the Most Expensive Soccer Player During a $260 Million Transfer

Neymar is 29 years old. He signed with Nike when he was only 13, before he was a professional soccer player in Brazil who gained fame in Europe. The Wall Street Journal called him “the most expensive player in the history of soccer.”

Paris Saint-Germain paid FC Barcelona nearly $260 million in transfer fees in 2017. Most recently, he signed a contract extension with French club PSG through 2025, the news outlet reported. EuroSport reported on the contract extension with PSG. Neymar said in a statement to the news outlet he was “very happy” and “proud.”

His statement said:

I’m really pleased to continue my adventure at Paris Saint-Germain, I’m very happy in Paris, and proud to be part of this squad, to work with these players, a great coach and to be part of the history of this club. These are things that make me believe even more in this great project. I have grown as a person here, as a human being and as a player, too. So I am very happy to extend my contract and I hope to win many more trophies here.


3. Neymar’s First Major Contract Paid $1.7 Million Per Year

Neymar landed his first major contract when he was only 17, according to Celebrity Net Worth. It was with the Brazilian team Santos, and paid $1.7 million per year.

“A year later, Santos attempted to lock Neymar down with a $20 million longer-term contract extension,” Celebrity Net Worth reported. “Neymar rejected the offer because he knew the competition in the Brazilian leagues would not be as good as in the European leagues, and would therefore hinder his chances of becoming the best player in the world.”

He ultimately signed a short-term contract with Santos, earning $4 million annually and allowing him to continue searching for other opportunities, Celebrity Net Worth reported. By 2013, he had signed a $119 million contract with Barcelona.

“This mega-deal paid him an average of $15 million per year in salary. Neymar also earned an estimated $16 million per year from endorsement deals. That brought his total annual earnings to roughly $30 million between 2013 and 2017,” Celebrity Net Worth wrote.


4. Neymar Was Rated ‘Most Marketable Athlete in the World’ in 2012

Neymar topped the list of SportsPro magazine’s most marketable athlete in the world in 2012.

“Neymar is very much the perfect storm: young, gifted and with an Olympics and a home World Cup on the horizon,” SportsPro editor David Cushnan said at the time. “He is already a superstar in Brazil, one of the world’s most robust economies and a vast market to boot.”

At the time, Neymar was a 20-year-old Santos player. He ousted Usain Bolt from the top spot in SportsPro’s rankings. Athletes were ranked on criteria including age, home market, charisma, willingness to be marketed and crossover appeal, according to SportsPro media.


5. Much of Neymar’s Net Worth Comes From Sponsorship Deals With Companies, Which Included Nike

Celebrity Net Worth reported that a significant percentage of Neymar’s net worth comes from sponsorship deals, which included his contract with Nike. He signed the contract deal in 2011, which was supposed to last 11 years.

“He has been the face of advertisement campaigns for the brand and has also launched products with them such as the Nike Hypervenom football boot, released initially in May 2013,” Celebrity Net Worth wrote. “Also in 2011, he signed a 2-year, $2.4 million deal with electronics brand Panasonic. Other brands he has worked with include Volkswagen, Tenys Pé Baruel, Lupo, Ambev, Claro, Unilever, and Santander.”

Neymar’s 2017 PSG deal earned him $1.02 million per week, a record for the soccer industry, according to Celebrity Net Worth. The salary amounts to about $53 million each year. Adding endorsements to his pay, the news outlet said he would make about $70 million per year, but that he earned $90 million between June 2017 and June 2018 with about $20 million coming from endorsements and the rest from salary and bonuses.

READ NEXT: Stimulus Check 4 Update: Will a Fourth Payment Be Approved?

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0 Brazilian football star Neymar presents his new Nike football boots on May 28, 2013 in Rio de Janeiro, Brazil.
How Mike Tyson Lost So Much of His Money https://heavy.com/money/mike-tyson-bankruptcies-lost-net-worth/ https://heavy.com/money/mike-tyson-bankruptcies-lost-net-worth/#respond Tue, 25 May 2021 23:00:18 +0000 https://heavy.com/?p=3182154

Mike Tyson was one of the highest paid athletes of all time, but spent so lavishly he filed for bankruptcy to repay millions in debt in 2003. However, in 2021, he has earned back some of his wealth and has an estimated net worth of $10 million, according to Celebrity Net Worth.

Tyson spent his wealth on cars, jewelry, mansions and tigers, and also paid for some unusual services. He paid a person to dress in fatigues and shout “guerilla warfare” at press conferences. He also paid $2 million for a golden bathtub for his first wife, Robin Givens, Celebrity Net Worth reported. The New York Times described Tyson’s bankruptcy as “a lesson in ways to squander a fortune.”

Here’s what you need to know:


1. Tyson Filed for Chapter 11 Bankruptcy in 2003 & Owed $38.4 Million in Debt

Mike Tyson fell deeply into debt despite his immense earnings, and was forced to file Chapter 11 bankruptcy in 2003, according to Benjamin Law. The law firm reported he owed $38.4 million to creditors, including the Internal Revenue Service and his ex-wife, Monica Turner. His bankruptcy filing indicated he had $23 million in debts specified in the Chapter 11 petitions, which were filed with the United States Bankruptcy Court in Manhattan, New York.

He sold his mansion in Connecticut for $9 million to pay a divorce settlement to Turner, the New York Times reported. Turner also had a lien on his estate in Las Vegas.

Chapter 11 bankruptcy is often referred to as “reorganization” bankruptcy, and allows debt to be repaid over time to keep a business or organization afloat, according to US Courts.

“This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11,” US Courts reported.


2. Tyson Could Earn $30 Million for One Night of Work & Burned His Wealth on Mansions, Cars, Jewelry & Siberian Tigers

At the height of his career, Mike Tyson could earn $30 million in one night, the New York Times reported. He had amassed $400 million by the time he filed for bankruptcy.

The New York Times reported he viewed his “record earnings in the boxing ring became a license to spend — on jewelry, mansions, cars, limousines, cellphones, parties, clothing, motorcycles and Siberian tigers.” He “picked up a $173,706 gold chain lined with 80 carats in diamonds” from a Las Vegas jewelry store and failed to pay for it, the article said.

Mordechai Yerushalmi, the store’s owner, told the New York Times Tyson had an open line of credit with them.

“Knowing him for so long, I gave him the merchandise and knew he’d pay later,” Yerushalmi said. “He had open credit with me.”

He added, “He’s been through his ups and downs. He will make good on it.”


3. Tyson Paid a Staffer Named Crocodile $300 Million to Shout ‘Guerilla Warfare’ at Press Conferences & Paid His Entourage Lavishly

While Tyson was a big spender, he did not skimp out on paying his crew. The Associated Press reported on the money he paid to his staffers, and said he had a continual flow of people in his mansion. The news outlet reported most of the people who spent time in the Las Vegas mansion were paid.

“They don’t give a (expletive) about me,” Tyson reportedly said of the crew. “They’re just here for the money and to be with Mike Tyson.”

His payroll included an animal trainer paid $125,000 to be on call when Tyson was out of town, $100,000 for gardening, cooks, bodyguards and chauffeurs, the Associated Press reported.

“A camp aide named Crocodile – whose sole function was to dress in fatigues and repeatedly shout “guerrilla warfare” at Tyson news conferences – was paid $300,000 in 1996,” the Associated Press reported.


4. Tyson’s Divorces Cost Millions of Dollars & the Deed to a 61-Room Mansion

Tyson gave lavish gifts, and among them was a $2 million gold bathtub he bought for Givens, according to Celebrity Net Worth. The news outlet also referenced unconfirmed reports that he would give out gifts to strangers including $100,000 watches.

Tyson’s divorce settlement with Monica Turner included a payment of $6.5 million and the keys to their 61-room Connecticut mansion, according to The Washington Post. She cited his extravagant spending in the divorce filing and accused him of adultery.

The mansion “was listed for $4,750,000 and boasts 38 bathrooms, an indoor pool, movie theater, working elevator and 3,500-square-foot nightclub, according to the real estate agent handling the sale. Turner’s $6.5 million payout will include the proceeds from the sale,” the Washington Post reported.


5. Tyson Has $423 Million in Career Earnings & Now Charges $75,000 for Two-Hour Public Appearances

Tyson is still earning a hefty paycheck in his semi-retirement, and currently charges $75,000 for two-hour public appearances, according to Celebrity Net Worth. He spends much of his time living in Las Vegas, and makes appearances at parties and corporate events.

His career earnings totaled $423 million, Celebrity Net Worth reported, listing each of his fights and his purse. Tyson and Roy Jones Jr. were each paid $10 million when they came out of retirement to fight in 2020. Tyson had said he would donate all of the money to charity, and his publicist soon issued a statement to clarify, according to Celebrity Net Worth.

“Mike is committed to charitable causes at this stage in his life,” the statement said. “Mike is making a substantial donation to charity to help those affected economically, medically, and socially by the pandemic. The exact amount will be determined after the bout.”

READ NEXT: Mike Tyson’s Record: How Many Times Was He Arrested?

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0 Mike Tyson exits the ring after receiving a split draw against Roy Jones Jr. during Mike Tyson vs Roy Jones Jr. presented by Triller at Staples Center on November 28, 2020 in Los Angeles, California.
Alex Trebek’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/alex-trebek-net-worth/ https://heavy.com/money/alex-trebek-net-worth/#respond Sun, 08 Nov 2020 18:14:49 +0000 https://heavy.com/?p=2954261

Alex Trebek has died after battling pancreatic cancer according to TMZ. Trebek, known as the longtime host of Jeopardy!, was 80-years-old. In March 2019, he revealed his diagnosis.

“Just like 50,000 other people in the U.S. each year, this week I was diagnosed with stage 4 pancreatic cancer,” Trebek said in a video message on Jeopardy! “Now normally the prognosis for this is not very encouraging, but I’m going to fight this, and I’m going to keep working, and with the love and support of my family and friends, and with the help of your prayers also, I plan to beat the low survival rate statistics for this disease. Truth told, I have to, because under the terms of my contract, I have to host Jeopardy! for three more years,” he added. “So help me keep the faith, and we’ll win. We’ll get it done. Thank you.”

Trebek has been the host of Jeopardy! since 1984 and has over 50 years of hosting experience, Newsweek noted. In 2020, he hosted the 37th season of the trivia show.

Here’s what you need to know about his net worth:


1. Trebek Had a Hefty Salary From Jeopardy!

GettySpecial Guest Alex Trebek attends the screening of ‘Wuthering Heights’

For each season of Jeopardy, Trebek made $18 million, Celebrity Net Worth said.


2. Trebek Was Worth $75 Million

alex trebek

Alex Trebek attends Harry Friedman being honored with a Star on the Hollywood Walk of Fame.

At the time of his death, Trebek was worth $75 million according to Celebrity Net Worth. This is a big jump from 2018 when his net worth was listed at $50 million.

Trebek made generous donations from his huge income. In March 2020, he gifted the Hope of the Valley Rescue Mission, a homeless outreach organization, with a $100,000 gift.  In an Instagram post, the CEO Ken Craft shared the story of Trebek making the donation:

Recently I was sitting in my office and I received a phone call from Alex Trebek. He said he would like a tour of our new shelter being built. I gave him a tour of the NoHo shelter and the navigation center. Two weeks after that, he asked if I would come to his house. I went to his house and he said he wants to contribute to the homeless crisis and he handed me a check for $100,000.

In June, Good Morning America reported that Trebek and his wife, Jean, donated another $500,000 to the Mission.

The Trebeks have also made charitable donations through their nonprofit, the Trebek Family Foundation. Trebek made donations to the University of Ottawa, his alma mater, as well. He donated $5 million to the University of Ottawa for the Alex Trebek Forum for Dialogue in 2016, Celebrity Net Worth reported.


3. Trebek Earned Around $78,000 Per Episode

Alex Trebek

GettyAlex Trebek poses with the Daytime Emmy Award for Outstanding Game Show Host.

According to Celebrity Net Worth, Trebek filmed five episodes per day. For each episode, he made around $78,000 which means at the end of the day he had earned about $391,000. Jeopardy! filmed 46 days a year.


4. Trebek Hosted Other Shows Besides Jeopardy!

All of Trebek’s wealth didn’t come from hosting Jeopardy!

Over the five decades he has been a game show host, he has hosted shows like NBC’s Wizard of Odds in 1973, Double Dare, The New Battlestars and Super Jeopardy! He also hosted Reach for the Top, a high school trivia program, in 1966. He then moved on to host shows like The $128,000 Question and The New High Rollers.He also hosted a show titled Pitfall, but the show was short-lived and he never received pay because the production company went bankrupt, Celebrity Net Worth pointed out.

After he took over Jeopardy! in 1984, he still hosted other shows. He served as the host for a NBC game show called Classic Concentration from 1987 to 1991.


5. Trebek Made His Debut As a Game Show Host in 1963

 

 Trebek’s first gig as a game show host was for a Canadian music show called Music Hop in 1963. He entered the television business when he began working for the Canadian Broadcasting Company after he graduated from the University of Ottawa in 1961. According to Good Housekeeping, he was a staff announcer where he “covered the news, weather, and regional sports on radio and television broadcasts.”

 

READ NEXT: Alex Trebek Dead: 5 Fast Facts You Need to Know

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0 Alex Trebek poses in the press room during the 46th annual Daytime Emmy Awards. Special Guest Alex Trebek attends the screening of 'Wuthering Heights' HOLLYWOOD, CALIFORNIA - NOVEMBER 01: Alex Trebek attends Harry Friedman being honored with a Star on the Hollywood Walk of Fame on November 01, 2019 in Hollywood, California. (Photo by David Livingston/Getty Images) Alex Trebek poses with the Daytime Emmy Award for Outstanding Game Show Host.
Robert Trump Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/08/robert-trump-net-worth/ https://heavy.com/money/2020/08/robert-trump-net-worth/#respond Sun, 16 Aug 2020 04:49:37 +0000 https://heavy.com/?p=2767006

Robert Trump was the youngest brother of President Donald Trump. Trump was the manager for the real estate holdings for the Trump Organization outside Manhattan, New York. He was a retired business executive and real estate developer.

Robert Trump had a net worth of $200 million in 2019, according to Celebrity Net Worth. He died Saturday, August 15, 2020, in a New York hospital, where he had been admitted for an illness. The details surrounding his death and illness were not immediately released.

President Donald Trump released a statement on his brother’s passing in the hours following his death.

“It is with heavy heart I share that my wonderful brother, Robert, peacefully passed away tonight,” Trump said in the statement. “He was not just my brother, he was my best friend. He will be greatly missed, but we will meet again. His memory will live on in my heart forever. Robert, I love you. Rest in peace.”

Here’s what you need to know:


1. Robert Trump Was the Quietest Member of the Trump Family & Stayed Out of the Spotlight

Robert Trump was the youngest of five children in the Trump family, and was not pressured to take over the Trump family real estate business, The New York Times reported. He was born in 1948 to Fred Trump and Mary Ann McLeod Trump.

His quiet personality which caused him to veer away from the spotlight, according to The New York Times.

“You could consider him the quietest of Trumps,” said Michael D’Antonio, a Trump biographer. “He was glad to stay out of the spotlight.”

He was described as easygoing person, dignified and a good listener, Jack O’Donnell, a former Trump Organization executive who worked closely with the Trump family, told the Times. O’Donnell said Robert Trump was a good person to work alongside in the family business.

“He was dignified, he was quiet, he listened, he was good to work with,” Mr. O’Donnell said. “He had zero sense of entitlement. Robert was very comfortable being Donald Trump’s brother and not being like him.”


2. Robert Trump Began His Career Working in Corporate Finance on Wall Street

Robert Trump began his career working in corporate finance on Wall Street. He later joined the Trump family business, and managed real estate holdings as a top executive in the Trump Organization, according to The Washington Times.

Trump described his brother as “much quieter and easygoing than I am,” Donald Trump said, according to the Times. He went onto say his youngest brother was “the only guy in my life whom I ever call ‘honey.”

Gwenda Blair, a Trump family biographer, described Robert Trump as “the nice Trump” in an interview with the Associated Press.

“When he worked in the Trump Organisation, he was known as the nice Trump,” Blair said. “Robert was the one people would try to get to intervene if there was a problem.”


3. Robert Trump Was the Executive Director of the Trump Organization & Oversaw its Casinos

Robert Trump served as an executive vice president of the Trump Organization. Part of his duties included overseeing the organization’s Atlantic City casinos, CNN reported.

Robert Trump’s role with Donald Trump’s casinos was short-lived, The New York Times reported in 2005.

It was in the 1980s that Donald Trump selected brother Robert Trump to oversee an Atlantic City casino project. At the time, he called his brother the perfect fit for the job. But later, Donald Trump “pointed the finger of blame at Robert,” said Blair, author of “The Trumps: Three Generations that Built an Empire.”

“When the slot machines jammed the opening weekend at the Taj Mahal, he very specifically and furiously denounced Robert, and Robert walked out and never worked for his brother again,” Blair said.

Despite the conflict, Donald Trump said he and his brother were “very close” in his 1987 bestseller “The Art of the Deal.”

“I think it must be hard to have me for a brother but he’s never said anything about it and we’re very close,” Donald Trump wrote. “Robert gets along with almost everyone, which is great for me since I sometimes have to be the bad guy.”


4. Robert Trump Retired to the Hudson Valley & Supported Charities

Robert Trump was enjoying his retirement in upstate Dutchess County, New York when he was struck with an illness and hospitalized. He supported local charities, including Angels of Light and a horse rescue group.

Robert Trump was a trustee of Angels of Light, a holiday giving nonprofit, and donated heavily to a horse rescue operation in the area, among other organizations, Town & Country reported.

He also sat on the board of directors for ZeniMax Media, according to Celebrity Net Worth. The U.S. Marshals Service awarded CertiPath a $33 million contract in October, 2019, a company owned in part by a firm linked to Robert Trump since 2013. The government contract aimed to provide security for federal courthouses and cellblocks and drew protests.

Ivanka Trump, Robert Trump’s niece, wrote a tribute to her uncle on Twitter in the hours after his death.

“Uncle Robert, we love you. You are in our hearts and prayers, always,” she wrote.


5. Robert Trump Fought the Release of a Memoir Written by his Niece, Mary Trump

Robert rarely made his way into the public eye in his retirement years, but he emerged into the spotlight twice during Donald Trump’s presidency. In 2016, he supported his brother’s campaign for president, telling Page Six, “I support Donald one thousand percent. I think he’s doing a great job. I think he’s got a great message.”

More recently, he was in the spotlight to fight the release of niece Mary Trump’s memoir, “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” according to the New York Post. He sued to block publication of the book, saying it would violate a 2001 nondisclosure agreement barring her from speaking publicly about family members.

“Donald had discovered early on how easy it was to get under Robert’s pale skin and push him past his limits; it was a game he never tired of playing,” Mary Trump wrote. “Nobody else would have bothered — Robert was so skinny and quiet that there was no sport in tormenting him.”

READ NEXT: Robert Trump’s Family: 5 Fast Facts You Need to Know

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0 Donald Trump hugs his brother Robert Trump. /Robert and his first wife, Blaine Trump.
Josh Altman Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/06/josh-altman-net-worth/ https://heavy.com/money/2020/06/josh-altman-net-worth/#respond Tue, 16 Jun 2020 23:02:06 +0000 https://heavy.com/?p=2699580

Josh Altman is an American real estate agent and reality TV star who is on Million Dollar Listings Los Angeles. The TV personality is worth around $30 million according to Celebrity Net Worth.

Altman was born in 1979 in Newton, Massachusetts and raised in a Jewish family. He attended Syracuse University and earned a degree in Speech Communications, and he was also a member of the football team, though he did not appear in any of their games.

Since graduating from university in 2001, Altman moved to Los Angeles and began flipping houses. That’s when he began to amass his $30 million net worth.

Here’s what you should know about Josh Altman’s net worth:


1. Altman and His Brother Matt Are Real Estate Agents

Josh and Matt Altman have been working with and dominating the real estate industry in Los Angeles since they joined the Hilton & Hyland firm seven years ago.

According to Forbes, the brothers each conduct an average of around $40 million in sales each year.

Prior to joining his brother, Josh Altman flipped eight houses without losing any money. He did that for three years before forming the Altman Brothers at Hilton & Hyland.


2. The Altman Brothers Real Estate Sold Over $100 Million in Property

During the time that the Altmans worked as The Altman Brothers real estate, they sold around $100 million worth of property.

They represented people who were looking to buy houses in the “platinum triangle,” which is the area made up of Beverly Hills, Bel Air and Holmby Hills.

Their clients were actors, athletes and other people in the entertainment industry.


3. He Made the Sixth-Highest Sale in Los Angeles History

When he was working with Hilton and Hyland and the Altman Brothers, Josh Altman made the sixth-highest sale in Los Angeles History.

In 2010, Altman sold a Beverly Hills mansion for $16.5 million dollars according to Celebrity Net Worth. The home was the former home of Norm Zada.

He was previously known for selling an Ocean Drive condo for around $10.5 million, which was the highest sale in history in Santa Monica for a condo.

In 2013, Altman was ranked as number 30 in national team sales by The Wall Street Journal with $200 million in sales.


4. Altman Co-Stars on ‘Million Dollar Listing Los Angeles’

Starting in 2012 during the fifth season of Million Dollar Listing Los AngelesAltman joined Josh Flagg and Madison Hildebrand as a co-star.

The show follows the three real estate agents in Los Angeles who sell high-end homes. The show has helped his career in more ways than just a salary.

“The huge advantage of the show is that we are now some of the most recognizable real estate agents in the world,” he told Forbes. “We could not be more fortunate and appreciative for the opportunity our production company World of Wonder and Bravo have given us.”

He has also appeared as a real estate agent on both Keeping Up With the Kardashians and Giuliana and Bill. Altman has since married his co-star Heather Bilyeu and has two children, Alexis and Ace.


5. Altman Listed His Home for Sale for $8 Million in 2017

In 2017, Altman listed his own home in Hollywood Hills for sale for $8 million. He bought the home for around $2.7 million in 2014 and had been renting it out for around $38 thousand a month.

The home that was listed is on the same street that Matthew Perry and Jennifer Aniston live on.

Altman is also a published author, with It’s Your Move: My Million Dollar Method for Taking Risks with Confidence and Succeeding at Work and Life coming out in 2015.

READ NEXT: Hannah Ferrier Announces She Is Pregnant With Her First Child

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0 Pictured: (l-r) David Parnes, James Harris, Josh Flagg, Josh Altman, Tracy Maltas
Michael Jordan’s Net Worth 2020: 5 Fast Facts You Need to Know https://heavy.com/money/2020/05/michael-jordan-net-worth-career-earnings/ https://heavy.com/money/2020/05/michael-jordan-net-worth-career-earnings/#respond Sun, 10 May 2020 19:00:23 +0000 http://heavy.com/?p=2638279

Michael Jordan has a net worth of $2.1 billion making him one of the wealthiest athletes ever, per Forbes. While Jordan’s success on the basketball court led to financial opportunities, the former Bulls guard earned most of his money away from the sport.

Jordan now earns more annually from Nike than he made over his entire NBA career. According to Business Insider, Jordan’s initial endorsement deal with Nike in 1984 was for $250,000. Jordan’s transition from a player to owner has also paid off as the Hornets franchise value has skyrocketed since he purchased the team in 2010.

The NBA legend has been looking to add to his bank account by selling his Chicago home which has remained on the market for more than eight years. Jordan initially listed the property at $29 million but has since slashed the list price to $14.8 million, per Zillow. Jordan also has multiple properties in North Carolina and a home in the upscale area of Jupiter, Florida.

Learn more about Jordan’s business empire.


1. Jordan Has a Net Worth of $2.1 Billion

Jordan’s $2.1 billion net worth not only makes him one of the richest athletes ever, but puts him on the list among the wealthiest people on the planet. Forbes ranked Jordan at No. 1001 on its 2020 list of billionaires.

He first became a billionaire in 2014. Jordan’s endorsement deal with Nike has been well-documented, but the Bulls legend also works with a number of other companies. He has had long-standing partnerships with Gatorade, Hanes and Upper Deck among others.


2. Jordan Earned More Than $1 Billion From Nike

Nike has been by far Jordan’s most lucrative endorsement deal as Forbes reported that the basketball legend has earned an estimated $1.3 billion from the shoe company since he entered the NBA in 1984. This number is only going to continue to grow given the popularity of Jordan’s retro sneakers in addition to his continued work with Jordan Brand.

It almost never happened as Jordan detailed in The Last Dance documentary. Jordan preferred to sign with Adidas and was reluctant to go to a meeting with Nike that had already been arranged. Nike has Jordan’s mother, Deloris Jordan, to thank as she insisted that her son go to the meeting even if he did not want to do so. Jordan perceived that Nike was offering him the best opportunity and their partnership changed how athletes were viewed by sneaker companies.

Jordan’s annual income from Nike first topped $100 million in 2015 and this number has only gone up since reaching the milestone, per Forbes. The NBA legend earned $145 million from Nike in 2019.


3. MJ Earned $93.7 Million From His NBA Career With the Bulls & Wizards

Jordan earned most of his money outside the basketball court, but it was his athletic success that helped create more financial opportunities. According to Spotrac, Jordan earned $91.7 million during his 14 seasons with the Bulls and a little more than $2 million in two seasons with the Wizards. Jordan earned a total of $93.7 million over his 16 NBA seasons.

While this is a great deal of money, Jordan missed out on the more lucrative contracts we see in today’s NBA. Jordan’s $30 million salary during the 1996-97 season along with his $33 million salary the following season were severe outliers compared to his NBA earnings over the majority of his career.


4. Jordan Purchased the Hornets for $175 Million in 2010

michael jordan wife, yvette prieto, who, pictures, net worth

Michael Jordan and his wife, Yvette Prieto, attending a Hornets game. (Getty)

Forbes reported that Jordan purchased the Hornets, at the time known as the Bobcats, for $175 million in 2010. The franchise value of the Hornets along with other NBA teams has accelerated over the last decade. Jordan is still the majority owner of the team but sold 20 percent of the franchise based on a $1.5 billion valuation of the team.

Despite its massive value, the Hornets rank near the bottom of NBA franchises at No. 25 out of the 30 teams. The top five NBA franchises are all valued at more than $3 billion with the Knicks sitting at No. 1 with a $4.6 billion value.


5. Jordan Has a Small Ownership Stake in the Miami Marlins

According to the Miami Herald, Jordan teamed up with his friend Derek Jeter to purchase a stake in the Marlins. Jeter owns the sixth-largest stake in the team, but Jordan’s share is much smaller. Jordan’s $5 million gives him a less than one percent stake in the team at .63 percent ownership.

Jordan has a number of other investments including sports data provider Sportsradar, headphone brand Muzik and freelance tech marketplace Gigster, per Forbes. The former Bulls star has also been active in the community including a $7 million donation to open the Novant Health Michael Jordan Family Medical Clinic aimed to provide Charlotte residents with healthcare regardless of their insurance coverage.

READ NEXT: Michael Jordan’s Wife Yvette Prieto Is a Proud Mom to Twins

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0 Michael Jordan has multiple homes including properties in Florida, North Carolina and Illinois. Michael Jordan and his wife, Yvette Prieto, attending a Hornets game. (Getty)
Willie Nelson Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/04/willie-nelson-net-worth/ https://heavy.com/money/2020/04/willie-nelson-net-worth/#respond Mon, 13 Apr 2020 01:28:29 +0000 http://heavy.com/?p=2591307

Willie Nelson has a net worth of $25 million in 2020, according to Celebrity Net Worth. Nelson earned the majority of his wealth through his music career, which has spanned over the last seven decades. He also starred in over 30 movies, released several books, and produced a plethora of albums over the years, which have all added to the country music legend’s net worth.

Born Willie Hugh Nelson on April 29, 1933, Nelson rose to fame as one of the key figures of the outlaw country music scene at the end of the 1960s, according to Celebrity Net Worth. Nelson has released 69 studio albums over the last 70 years and continues to produce music to this day.

Keep reading for a rundown of Nelson’s wealth and how he’s earned it:


Nelson is Releasing His 70th Studio Album in 2020

According to Celebrity Net Worth, Nelson “was recognized as one of the most prolific artists of this subgenre of country music that developed mainly as a reaction to the conservative restrictions of the Nashville sound.”

He has released 69 studio albums over the years, including 13 live albums, 16 collaborative video albums and 25 collaborative albums to date. His 70th album, titled First Rose of Spring, is slated for release on July 3, 2020 this year.

In addition to his musical endeavors, Nelson has starred in more than 30 films, co-authored several books, and “has been involved in activism for the use of biofuels and the legalization of marijuana,” Celebrity Net Worth reports.


Nelson Quickly Rose to Fame Following the Release of Red Headed Stranger 

Nelson penned his first song at the age of seven, and joined his first band when he was just 10-years-old. He dropped out of Baylor University to pursue a career in music, and was working as a disc jockey in 1956 when he wrote the song “Family Bible” and recorded the single “Lumberjack.”

Within two years, Nelson was signed with D Records and released the iconic country songs “Funny How Time Slips Away,” “Pretty Paper,” “Crazy” and “Hello Walls.” He signed with Liberty Records in August 1961, and quickly rose to fame thereafter.

In 1975, Nelson released Red Headed Stranger, which would eventually become the top-selling country music album in history and propel him into the “country music stratosphere,” according to IMDb.


He Appeared in Several Films, Including Red Headed Stranger Stagecoach

Nelson eventually branched into acting and appeared in several popular films throughout the years. His first role was opposite Robert Redford and Jane Fonda in The Electric Horseman, which led to several leading roles in movies like Honeysuckle Rose, Thief and Barbarosa. The movie Red Headed Stranger was adapted from his hit 1975 album, and he and actor Kris Kristofferson went on to release Songwriter in 1984.

Nelson met his wife, Annie D’Angelo, on the set of Stagecoach, which he was filming alongside Johnny Cash and Kristofferson. D’Angelo was a makeup artist on set, and the two have now been married since 1991.


Nelson Was Indebted to the IRS for $16.7 Million in 1990

Despite Nelson’s incredible success as a country music icon, he fell on hard times in 1990 when he was hit with a staggering 16.7 million dollar tax bill from the IRS. Although his lawyer was able to negotiate Nelson’s debt down to $6 million, he couldn’t afford the bill so he chose not to pay it, which led to the IRS raiding his home and seizing all of his assets on November 9, 1990.

According to Forbes, the feds took everything he owned, excluding his famed guitar Trigger, which he had stored at his daughter’s house in anticipation of the raid. Nelson lost nearly everything (except Trigger) in the raid, including his Pedernales Country Club and Recording Studio, his Dripping Springs ranch, twenty other properties in four states and most of his instruments, recordings, and memorabilia, according to Forbes.


Nelson Teamed up With the IRS to Release an Album to Pay off His Debt

Even though most of Nelson’s assets were auctioned off, he still couldn’t afford to pay back the IRS, so the two sides reached an agreement – Nelson released a compilation album and shared the proceeds with the IRS, according to Forbes. The album was written by Nelson and recorded with Trigger, and was the first record album ever released under a “strict revenue-sharing” agreement with the IRS, Forbes reports.

Keep up with all the latest in TV coverage and entertainment news here.

READ NEXT: Willie Nelson’s Kids & Family: 5 Fast Facts You Need to Know

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0 Willie Nelson
David Blaine’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/04/david-blaine-net-worth/ https://heavy.com/money/2020/04/david-blaine-net-worth/#respond Thu, 02 Apr 2020 01:09:00 +0000 http://heavy.com/?p=2572208

David Blaine is a magician best known for his street magic performances. Blaine’s net worth is $40 million, according to Celebrity Net Worth, making him one of the wealthiest magicians in the world.

Blaine rose to fame with daring and widely watched performances, beginning in the 1990s. In 1999, he spent one week buried in a glass coffin in New York City – his first public stunt, called “Buried Alive.” In 2000, he spent three days encased in a block of ice for his performance, “Frozen in Time.”

David Blaine is performing on ABC in a one-hour special airing at 10 p.m. EST Wednesday, April 1, 2020 on ABC, “David Blaine: The Magic Way.” On the special, he is also introducing his daughter, 9-year-old Dessa Blaine. Read more about her here.

Here’s what you need to know:


1. David Blaine Earned $13.5 Million in 2018 & Was the World’s 4th Highest Paid Magician

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4 more shows to go

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David Blaine pulled in $13.5 million in 2018, according to Forbes. He was named the fourth highest-paid magician in the world according to the publication’s “The World’s Highest Paid Magicians of 2018” list, which was the most recent year Forbes published such a list.

Also on the list were Darren Brown, Michael Carbonaro, The Illusionists, Criss Angel, Penn & Teller and David Copperfield. Copperfield was first on the list, earning $61 million in 2018. Criss Angel beat out Blaine for the third spot, earning $16 million. Just behind Blaine was the touring magician production, The Illusionists, which earned $12 million.

“The endurance artist more than doubled his earnings thanks to his sold-out North American tour, which featured his most grueling stunts, such as regurgitating live frogs and holding his breath underwater,” Forbes reported. “Blaine also collects mid-six-figure paychecks for private performances for clients such as Peter Thiel, who hired Blaine to perform at his Vienna wedding last year, and blue-chip companies including Salesforce and Intel.”


2. David Blaine Was One of the Highest Paid Magicians in the World for 2 Years in a Row

Forbes has been compiling a list of highest paid magicians since at least 2016, and David Blaine made the list two out of three years. The last year they released a list was in 2018. That year, Blaine made fourth on the list.

In 2016, Blaine did not make the list.

“One of the world’s most famous magicians is missing from the highest-paid ranks: David Blaine, known for burying himself alive for a week, holding his breath for 17 minutes and other death-defying stunts,” Forbes reported. “How did the endurance artist manage to escape our list? During our 12-month scoring period, Blaine cut down on public and private performances in order to develop his upcoming ABC special, David Blaine: Beyond Magic, and another special project.”

At the time, he was planning to launch his first worldwide tour, which helped to secure his spot on the 2018 list. But in 2016, he made less than $6 million.

“He’s passed on $100 million deals in Vegas,” his manager, Guy Oseary, told Forbes. “But David’s very picky on who he associates with. David makes his decisions based on art, not commerce.”

Blaine earned the eighth spot on the Highest Paid Magicians of 2017 list, pulling in $6 million. Most of his money was made in corporate gigs, Forbes reported.

“The endurance artist released a primetime TV special and embarked on his first-ever North American tour, but Blaine conjured most of his cash from corporate gigs,” Forbes reported. “For his most elaborate private performances, such as swallowing a live frog at a Google conference, Blaine gets paychecks in the mid-six-figure range.”


3. David Blaine Listed His New York Apartment for $2.27 Million

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Life on the road photo by @asiwind

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David Blaine listed his two-bedroom, one-bathroom New York City apartment for $2.27 million in 2016, according to Cottages & Gardens. The apartment was listed with Douglas Elliman Real Estate Group. The triple-exposure apartment is a Rosario Candela–designed co-op located at 41 Fifth Avenue.

“In the classic Rosario Candela–designed co-op at 41 Fifth Avenue, magician David Blaine is trying to make his apartment disappear,” Cottages & Gardens reported. “Listed for $2.27 million with Douglas Elliman Real Estate’s De Niro group, the triple-exposure, two-bedroom apartment has just one bathroom, but with a little sleight of hand and the wave of a magic wrench, the laundry room off the kitchen can be converted into a powder room.”

Blaine bought the 1,044-square-foot apartment in 1998. He had tried to sell the apartment in 2013 for under $2 million, according to Variety. The apartment has maintenance fees of $3,263 per month. It also has high-gloss, onyx floors, built-in bookshelves and a wood-burning fireplace.


4. David Blaine Has a Three-Story, Secret Magic Lab in Chinatown

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Happy birthday to one of the Greats

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David Blaine’s secret lair in Chinatown was a “childhood dream,” Blaine told the New York Post. The nondescript three-story, 4,400-square-foot lab is marked only with an insignia in the shape of an upside-down spade, and the lowercase initials, “db.” Inside are more obvious signs of its famous occupant.

Down the stairs is a motorcycle that was a gift to Blaine from King Abdullah of Jordan. The walls are lined with thousands of boxes of playing cards.

“This is where Blaine figured out how to hold his breath for a Guinness World Record-setting 17 minutes and 4 seconds, how to control lightning and how to regurgitate live frogs,” the New York Post reported.

It includes a small gym, administrative offices, and two bedrooms where Blaine and visitors can spend the night after late-night brainstorming sessions.

“I always wanted a space in New York City where I could work on magic and not be distracted by anything else,” Blaine told the New York Post.


5. David Blaine Makes the Majority of His Money Through Tours & Corporate Gigs

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Garden of the Gods

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David Blaine makes the vast majority of his income through private, corporate gigs and through his nationwide tours, according to Forbes. He made six figures for a corporate gig for Google, where he swallowed a live frog at a conference.

Between 2017 and 2018, Blaine doubled his income because of his tour of North America, Forbes reported. He made $13.5 million in 2018, mainly thanks to his tour in North America, which sold out. He also made six figures for private gigs, including performing for Peter Thiel, who hired the performer for his Vienna wedding. He also landed corporate gigs for Salesforce and Intel.

Tours multiply his yearly earnings, Celebrity Net Worth reported.

“In a typical non-touring year, David can easily make $5 million performing shows in Las Vegas and private parties,” Celebrity Net Worth reported. “When he does tour, his earnings can increase to as much as $15 million in a year. In 2017 he earned a total of $4.5 million. In 2018 he earned a total of $13.5 million which made him the fourth highest-paid musician in the world that year.”

READ NEXT: Dessa Blaine, David Blaine’s Daughter: 5 Fast Facts You Need to Know

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0 David Blaine
Mama June’s Net Worth 2020: 5 Fast Facts You Need to Know https://heavy.com/money/2020/03/mama-june-net-worth-2020/ https://heavy.com/money/2020/03/mama-june-net-worth-2020/#respond Sat, 28 Mar 2020 00:48:00 +0000 http://heavy.com/?p=2564411

Mama June, whose real name is June Shannon, is a reality television personality who makes approximately $50,000 per episode of WE tv’s hit reality series Mama June: From Not to HotHer net worth in 2020 is between $1-1.5 million, according to The Cinemaholic and Cheat Sheet.

Born in 1980 in McIntyre, Georgia, June first rose to fame through the reality series Toddlers and Tiaras, as well as her daughter Alana Thompson’s spinoff, Here Comes Honey Boo Boo. The reality star has continued to gain attention throughout the years and has built herself a comfortable net worth over the last decade. Keep reading for a rundown of Mama June’s wealth and how she’s earned it:


June Featured on Several Reality TV Shows, Including Toddlers & Tiaras Here Comes Honey Boo Boo

Photo by Jonathan Leibson/Getty Images for WE tvJune “Mama June” Shannon (L) and Alana “Honey Boo Boo” Thompson

June first found fame through the reality TV show Toddlers and Tiaras, where her daughter Alana “Honey Boo Boo” Thompson dazzled viewers with her performances in various children’s beauty pageants. June’s family then got their own reality spinoff, titled Here Comes Honey Boo Boo, which showcased Alana’s life, family and growing career.

Here Comes Honey Boo Boo featured four successful seasons, but the network abruptly canceled the show on October 23, 2014 after rumors surfaced that June was in a relationship with a registered sex offender. Although June denied the relationship, TLC canceled the show anyway.


She Got Her Own SpinoffMama June: From Not to Hot in 2017

After Here Comes Honey Boo Boo was canceled, June featured on a variety of other reality shows, including WE tv’s Marriage Boot Camp: Reality Stars in 2015. However, her career really took off after she landed her very own reality show – Mama June: From Not to Hot, which showcases June’s shocking weight loss transformation and her life after receiving gastric sleeve surgery.

According to The Wealth Record, June’s family made $50,000 per episode while Here Comes Honey Boo Boo was airing, and she continues to make approximately the same per episode of From Not to Hot. 


Celebrity Net Worth Reports a Different Income

There is some discrepancy with June’s reported net worth however; according to Celebrity Net Worth, June’s gross income is only $50,000, although several outlets state that she gets paid $50,000 per episode, so it’s unclear why the site reports such a significantly lower number. We believe her net worth to be a great deal higher than what the page states, as reported by numerous sources.

The site also reports that June is still in a relationship with Alana’s father, so it appears the page hasn’t been updated in quite some time.


She is a Brand Ambassador & Promotes Several Products on Her Instagram Page

June, like many reality stars, promotes several sponsored products on her Instagram page. Some of the products she promotes include Teami tea detoxes and Boom Bod weight loss drinks. June usually adds a code to her promotional posts to help fans get discounts on the sponsored products.

“Going strong with my @boombod program! Been taking my shots and avoiding those late night cravings,” she captioned the photo above. “For anyone wondering these are actually really tasty so they’re easy to stick with, and they’re buy one get one Free tonight – try them out.”


She Has Done Several Photoshoots For Various Magazines & Publications Throughout the Years

Mama June has done a plethora of photoshoots for various publications throughout the years, including several spreads for People Magazine; however, it’s unclear exactly how much money she brings in from photoshoots and promos.

New episodes of Mama June: Family Crisis air on Friday nights at 9 p.m. ET on WE tv. In the meantime, you can find all the latest in TV coverage and entertainment news here.

READ NEXT: Fans Notice Mama June’s Missing Teeth on Her Reality TV Show

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0 Mama June, whose real name is June Shannon, stars on the hit reality series "Mama June: From Not to Hot." June "Mama June" Shannon (L) and Alana "Honey Boo Boo" Thompson
Kenny Rogers’ Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/03/kenny-rogers-net-worth-money-how-much/ https://heavy.com/money/2020/03/kenny-rogers-net-worth-money-how-much/#respond Sat, 21 Mar 2020 20:03:54 +0000 http://heavy.com/?p=2553308

Legendary country music singer Kenny Rogers died on Friday. He was 81 years old. The cause of death for the singer was listed as natural causes. Rogers had a music career that spanned six decades, and during that time he acquired a net worth of $250 million, according to The Richest.

During his career, Rogers had dozens of hits, including 24 singles that were No. 1. He earned three Grammy Awards and six Country Music Awards. Some of his hits include songs like “Buy Me A Rose,” “Islands In The Stream,” “Lady,” “Lucille,” “The Gambler,” “She Believes In Me,” and “Through the Years.”

More, his 1978 hit “The Gambler,” inspired multiple TV movies, which Rogers also appeared in.

The star’s publicist announced Rogers’ death on Twitter Saturday. “Rogers passed away peacefully at home from natural causes under the care of hospice and surrounded by his family,” the statement said. “In a career that spanned more than six decades, Kenny Rogers left an indelible mark on the history of American music.”

The family wouldn’t be having a public service because of concerns over the coronavirus pandemic. “The family is planning a small private service at this time out of concern for the national COVID-19 emergency,” Rogers’ publicist said. “They look forward to celebrating Kenny’s life publicly with his friends and fans at a later date.”

For more fast facts about Roger’s net worth, continue reading below:

  1. 1. He Had One of The Most Expensive Divorces

Rogers was married five times and admitted he truly loved all his wives when they decided to get married. He also had one of the most expensive divorces.

Marianne Gordon was Rogers’ fourth wife and they were married in 1977. After nearly 17 years together, they divorced in 1993, and it cost Rogers $60 million.

He said she deserved the money. “Marianne really did deserve the $60 million because she is a great girl and we had a perfect marriage for 15 years,” he told The Independent.

“I found that our lifestyles were clashing. So one day we just said, ‘Life is short, we deserve to be happy, let’s find something else to do with our lives,’ and the marriage ended.”

  1. 2. Rogers’ Movie ‘Six Pack’ Grossed at $20 million at the U.S. Box Office

Rogers made his film debut as an actor in 1982 playing the role of race-car driver Brewster Baker in Six Pack. Diane Lane also starred in the flick, which grossed $20 million at the U.S. box office.

The New York Times didn’t give Rogers the best review for his acting. “His singing, infrequent as it is here, comes as a happy change of pace since his acting is much less assured. Mr. Rogers is not over demonstrative here, but he tends to overdo even the simplest gestures, stirring a bowl of chili as if he were rowing a boat, or driving a car as if he were pretending to drive a car,” the Times wrote. “He’s pleasant here, but not very natural, which is just as well; no one else in the film is any more authentic than he.”

He went on to score another No. 1 hit from the film with “Love Will Turn You Around.”

  1. 3. His Bel Air Estate Had A Value of $65 Million

Rogers’ estate in Bel Air had a value of $65 million. It sold for $50 million in 2015, according to the Wall Street Journal.

He named the property Liongate when he bought it in the 70s. It has nine bedrooms and 14 bathrooms in the main house. The estate also includes a ballroom, saltwater pool, a refrigerated wine room, and 12-seat home theater.

The estate contains two acres of property. Included are a gym with a sauna, tennis court and an outdoor glass elevator, which is next to the pool.

4. Rogers Sold His Mediterranean-Style Estate in Sandy Springs for $2.38 Million

Rogers likely made a profit off the sale of his Mediterranean-style estate in Sandy Springs near Atlanta. He purchased the property for $1.5 million in 2012 and sold it for nearly $2.4 million in 2018. He had originally wanted to resell it for $4.8 million, Variety wrote in an exclusive report.

With nearly 13,000 square feet, the home has six bedrooms, eight full bathrooms, and four half bathrooms. It also includes 10 fireplaces.

Pictures shared by Wide Open Country showed the property has its own tennis court, massive walk-in closet and mini-movie theater. It also includes a game room, fully furnished guesthouse, exercise room, elevator, and conservatory.

5. Rogers Built and Sold the Georgia Estate Beaver Dam Farms

Beaver Dam Farms is an estate that Rogers built from the ground up. According to Land.com, it was listed for $18 million in 2017, and was then returned to $6.9 million.

It reportedly took Rogers 15 years to build the estate, which boasts 973 acres property. The main focus for him was an 18-hole golf course.

It also has a 72,000-square-foot equestrian center that includes boarding facilities, training areas, and padlocks.

When it was being sold, real estate agents touted the estate as the perfect property for dreamers. “This extensive property offers endless opportunities for creative development. From a private family compound to a single-family development, a corporate or church retreat to a timeshare concept,” the listing says. “The possibilities are truly immeasurable!”

READ NEXT: Dolly Parton Reacts to Kenny Rogers’ Death: See Her Statement

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0 Legendary country music star Kenny Rogers had an estimated net worth of $250 million. He died from natural causes at the age of 81.
Madam C.J. Walker’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/03/madam-c-j-walker-net-worth/ https://heavy.com/money/2020/03/madam-c-j-walker-net-worth/#respond Fri, 20 Mar 2020 08:15:24 +0000 http://heavy.com/?p=2551082

Madam C.J. Walker is the subject of Netflix’s latest series called Self Made: Inspired by the Life of Madam C.J. Walker. History describes her as a self-made millionaire, but she actually didn’t quite have that net worth during her life. But if you adjust how much she was worth for inflation today, she was a multimillionaire. Here’s what you need to know about Walker’s net worth.


1. She Had a Net Worth of $600,000 When She Died

Based in part by her successful hair care line, Madam C.J. Walker became one of the wealthiest Americans of the 1900s, Vox reported. But she wasn’t a millionaire (at least not by the standards of the time.) She had a net worth of about $600,000 when she died at the young age of 51 of kidney failure.


2. Her Net Worth Equaled Approximately $8 Million Today

NetflixNetflix

When the $600,000 that she was worth when she died in 1919 is adjusted for inflation, it equals about $8.8 million today, according to Philanthropy Roundtable.  So although she wasn’t technically the first woman to be a self-made millionaire, she is a millionaire by today’s inflation rates.

Her business rival, Annie Malone, was already a self-made millionaire when Walker passed away. Malone, however, isn’t quite as well known in history. She a prominent figure in the new Netflix series, portrayed as the character Addie Munroe.


3. She Persevered Despite Being Left as a Widow and Single Mom at a Young Age

Netflix

Walker was an incredibly talented woman. She was raised by her older sister and her sister’s husband after her parents died. She only went to school for a few months and she married at 14 to escape an abusive home life. But then her husband died when she was 20, leaving her a widow and single mom, Vox reported. Despite so much to fight against, she persevered and experienced amazing success in her short life.


4. Walker Had a Beautiful Estate Called Villa Lewaro

Walker lived on a gorgeous estate called Villa Lewaro in Irvington-on-Hudson, New York. The 34-room, 20,000-square-foot home is 30 miles north of New York City, in a neighborhood where the Rockefellers and Astors also lived, New York Post reported. Her mansion is a National Historic Landmark.

It was designed by Vertner Tandy and cost $250,000 at the time. The villa had a swimming pool, marble floor, and was based on Italian Renaissance architecture. She had only lived there about a year when she died of kidney failure.


5. She Was Known for Championing Philanthropy & Activism

Netflix

She trained agents in cosmetology in a factory and salon set up behind her West Street home, Indianapolis Monthly reported. At one point, she donated $1,000 to build the Senate Avenue YMCA, which helped make her a community leader nationally.

Walker devoted her life to philanthropy and activism. She sued a movie theater for charging blacks more than whites and the FBI even spied on her, NBC News reported. At the time, she was one of the richest women in the country and she helped her female employees enjoy great opportunities and better salaries than they might have earned in other businesses, NBC News reported.

READ NEXT: Daily COVID-19 Updates

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0 MADAM CJ WALKER Netflix Netflix
Jared Kushner’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/03/jared-kushner-net-worth/ https://heavy.com/money/2020/03/jared-kushner-net-worth/#respond Wed, 11 Mar 2020 07:15:56 +0000 http://heavy.com/?p=2532116

Jared Kushner, President Donald Trump’s son-in-law, is featured on one of the episodes of Dirty Money Season 2 on Netflix. The episode is called Slumdog Millionaire and is directed by Dan DiMauro. Kushner is a multi-millionaire. Here are more details about his net worth.


1. His Net Worth Is Estimated To Be $800 Million to $1.1 Billion

Getty

Jared Kushner’s net worth, combined with the net worth of his wife Ivanka Trump, is estimated to be $800 million, according to Celebrity Net Worth. Money.com estimates their combined net worth to be closer to $1.1 billion as of 2018, with Ivanka Trump’s possibly being $300 million and Kushner’s being $800 million, based on the ranges found in ethics filings.

Jared Kushner is from a wealthy real estate family and he’s also worked with Trump since he was elected President.


2. Jared Kushner & Ivanka Trump Have a Trust Worth About $710 Million

Getty

Kushner’s 2018 financial disclosure showed that he and Ivanka Trump had a real estate and investment trust worth $710 million, Celebrity Net Worth noted. Kushner also earns income through Westminster Management, which operates apartments. In 2018, Kushner had about $1.5 million in income from Westminster Management, Celebrity Net Worth noted.

Ivanka Trump, meanwhile, got $300,000 in a book advance in 2017 for Women Who Work, and earned $4 million in interest from Trump International Hotel in Washington, D.C. in just one year, Money.com reported. When she left the Trump Organization, she received $2 million in severance.

Kushner’s family business, Kushner Companies, oversees about $7 billion in real estate, while Ivanka Trump has about $55 million in assets. Kushner’s personal assets in 2018 were closer to $181 million, Money.com reported, including $5 million in passive income from real estate.


3. Kushner Co-Founded Cadre & Now He’s Selling His Stake

Getty

Kushner also owns a tech startup called Cadre. He and his brother, Joshua Kushner, co-founded the company in 2014 and it was worth $25 million at a minimum in 2018, compared to a minimum of $5 million in 2017, AP reported.

Kushner is now selling his stake in Cadre, The New York Times reported on March 5, 2020. The Times noted that Kushner could defer paying taxes on any gains in Cadre because he’s selling the stake. Cadre invests in real estate in opportunity zones the Treasury Department created in 2018. Kushner’s spokesman said he was selling his stake because his ownership was creating difficulties for potential new investors. His role in international affairs with the White House could create conflicts with international investors. His spokesman said the conflicts didn’t emerge, but he wanted to avoid complicating future decisions regarding investors.

Kushner bought the New York Observer in 2006 for $10 million, Business Insider reported. He bought it with money that his father, Charles Kushner, gave him as a graduation present. The paper moved to a digital format in 2016 and endorsed Donald Trump for President. Kushner transferred ownership to a trust after his father-in-law was elected President. His brother-in-law Joseph Meyer took over in 2017.


4. Kushner Paid Little in Federal Taxes for Several Years

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A 2018 New York Times report showed that Kushner paid little in federal income taxes for a few years, based on losses from depreciation in real estate. In 2015, he had a $1.7 million salary and $8.3 million loss from real estate that had depreciation. Kushner did not break the law, the Times reported, but used a provision in place for real estate developers.


5. Kushner & Trump Have Debt from Real Estate

Kushner and Ivanka Trump also have debt from real estate acquisitions. In 2018, Kushner had $27 to $135 million in mostly real estate liabilities, Bloomberg reported. A spokesman for the couple in 2018 said their assets and debts hadn’t changed much in the past year, AP reported.

READ NEXT: Karlie Kloss’s Husband, Joshua Kushner: 5 Fast Facts You Need to Know

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0 Jared Kushner
Nik Wallenda’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/03/nik-wallenda-net-worth/ https://heavy.com/money/2020/03/nik-wallenda-net-worth/#respond Thu, 05 Mar 2020 00:23:56 +0000 http://heavy.com/?p=2521315

It turns out that putting your life on the line on live TV pays pretty well, but probably not enough to tempt many people to quit their day jobs.

Nik Wallenda is worth $4 million, according to Celebrity Net Worth. How much does a person make for walking across an active volcano on a tightrope? Wallenda will be taking home a nice paycheck after “Volcano Live!,” which airs on ABC at 8 p.m. EST on ABC Wednesday, March 4, 2020. Wallenda is facing obstacles never before faced in the walk across the Masaya Volcano in Nicaragua, a part of the Pacific Ring of Fire.

Wallenda was not born into wealth and gained financial success only after starting a family. When his first child was born, he and his wife, Erindira Wallenda, lived with his parents and he worked at a restaurant to make ends meet, he wrote in his memoir, “Balance.”

Here’s what you need to know:


1. Nik Wallenda Is Paid $500,000 for Each Major Stunt

Nik Wallenda is paid $500,000 for each of his major stunts, according to Celebrity Net Worth, which means he is probably being paid about that much for his walk across the Masaya Volcano in Nicaragua, a part of the Pacific Ring of Fire. It’s a nice paycheck, but maybe not enough to risk falling into lava on an 1,800-foot walk.

The 41 year old is from Sarasota, Florida and a member of the seventh generation of aerialists who make up The Flying Wallendas. His grandfather, Karl Wallenda, died March 22, 1978 while attempting to cross between two buildings in Puerto Rico. He was 73. His sister, Lijana Wallenda, was seriously injured in a fall in 2017 during a rehearsal for Circus Sarasota. She was part of an eight-person pyramid when the group tumbled. Four other people were also injured.Her 40-foot fall nearly killed her. It took 72 screws and three plates to repair her face after the fall broke every bone in it. Several other bones were also shattered.

Wallenda’s volcano walk is his highest and longest yet, and he is facing brand new obstacles like poisonous gases that make the wire slippery and cut down on his oxygen levels. He’s wearing a gas mask to protect him from the poisonous gases, and he’ll be facing temperatures of about 150 degrees, he said on LIVE with Kelly and Ryan.


2. Nik Wallenda Carries a $20 Million Public Liability Policy in Case of an Accident That Hurts a Bystander

Nik Wallenda has a $20 million public liability policy, he told Macleans in 2011. That insurance would cover a member of the public if they were ever hurt during one of his stunts.

“We have a $20-million insurance policy. We’ve never had to draw on it,” he said.

He talked to the Canadian magazine about his team’s desire to keep his high-risk job from having any negative impacts on the public. If he was ever hurt, he said he would rely on his own rescue team, not call on emergency responders.

“We have our own rescue team. We even have a diver,” he said.

The interview came in advance of his momentous Niagara Falls walk. He said it is important to his team that they never leave a trace behind or cause any negative environmental impacts.

“We take great pride in being a zero-impact operation,” he said. “We don’t drill into any rock or pull up any grass. We’ll use cranes, and we’re trying to arrange the rigging so no cable will even touch the water when we set up. Maid of the Mist, I would hope, would continue to run. You’ll never know we were there.”


3. Nik Wallenda Owns a 15-Acre Property in Sarasota With a High-Wire in the Yard

Nik Wallenda owns a “sprawling” 15-acre property in Sarasota, Florida, according to ABC 7 WWSB. In every corner are touches of his circus background. The news station wrote a profile about Wallenda in 2019, describing him as a family man.

“When you arrive at Nik Wallenda’s sprawling 15-acre property, there’s something going on at every turn. His sister’s son is playing in the driveway, a colleague is working in the garage, and inside the house, Nik is being a father and husband in the kitchen,” the article said. “At every turn inside his house, there’s something that lets you know the head of the household comes from a circus background. From the centerpiece in the dining room, to the wall hangings, to his office, which leaves no doubt you’re in Nik Wallenda’s home.”

The article described his home as “the home of his dreams,” in a rural neighborhood east of the interstate. In his backyard was a 750-foot wire, and, at the time of the article, he had plans to build a building to allow for indoor training.

“We’re putting up a 20,000-square foot building soon that will allow indoor training because of our weather being so strange here,” he said.

His sister, Lijana Wallenda, used the wire for her practice runs before her Times Square walk with Nik Wallenda in June, 2019. It was her first time returning to a high wire after her fall in 2017 which seriously injured her and nearly killed her. Lijana Wallenda is Nik Wallenda’s only sister. She is a single mom who lives in Las Vegas, Nevada.


4. Nik Wallenda & His Wife, Erendira Wallenda, Lived in an RV With Three Children Before his Success

Before Nik Wallenda reached worldwide success, he and his wife, Erendira Wallenda, lived a transient life on a budget. They had three children living in an RV and travelling for performances.

“We lived in an RV until I was 26. We had three kids so, I talk about it in my book that my marriage almost ended because of that,” he told ABC 7 WWSB.

When they had their first child, he was working at a restaurant to make ends meet and living with his parents, he wrote in his memoir, “Balance.”

“Six months after the birth of our first son, Yanni – another one of God’s miraculous blessings – Erindira is ready to return to performing. Because of financial constraints, we’re living with my parents. The same constraints have kept me working at First Watch restaurant 40 hours a week in addition to whatever occasional bookings we can get. As usual, money is tight and tensions are high,” he wrote.

He went on to say that his wife would tell him she was beside him, and they shared a dream of performing together. That dream will come to fruition during Volcano Live! as the husband and wife duo perform together.


5. Nik Wallenda Faced Jealousy From His Family Over His Financial Successes

Nik Wallenda was shocked by his financial successes, as were members of his family. But some members of the Flying Wallendas were not happy over his success, as many members of the family were fighting to make names for themselves.

“I pinch myself. I never imagined I’d be this blessed,” Wallenda told ABC 7 WWSB. “To still live here and have everything I want.”

However, he said he is no longer close with some of the members of his highly competitive family because of his success.

“Ask any successful person that, and that’s your answer. I have been blessed with a platform beyond my wildest dreams. Never has there been a circus performer with TV specials, so I’m blessed, but with that I lost a lot of people, including people who I thought would be my closest friends for the rest of my life,” he told ABC 7.

Wallenda also wrote about that competition in his book, “Balance,” as he was fighting for success as an aerialist. At the time, he was starting a family while living with his wife and parents and working at a restaurant.

He wrote:

‘Be careful,’ says my father. ‘The market is dwindling. I don’t see it getting any better. Plus other Wallendas are out there pushing their brands.’

‘They can be more than competitive,’ adds Mom. ‘They can be vicious. I hate to say this about my own relatives, but I know them well. They’re my blood. And in our family history, there’s bad blood everywhere you look.’

READ NEXT: How Does Raining or Heat Affect Nik Wallenda’s Volcano Walk?

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0 Nik Wallenda
Jennifer Lopez’s Net Worth 2020: 5 Fast Facts You Need to Know https://heavy.com/money/2020/02/jennifer-lopez-net-worth-2020/ https://heavy.com/money/2020/02/jennifer-lopez-net-worth-2020/#respond Sun, 02 Feb 2020 21:43:56 +0000 http://heavy.com/?p=2469354

Jennifer Lopez is performing alongside Shakira as the headliner for the 2020 Super Bowl Halftime Show.
According to CelebrityNetWorth.com, Jennifer Lopez has a net worth of $400 million and earns around $40 million each year.

While the halftime show is one of the most coveted positions from A-list recording artists due to the number of people who will be tuning in, the singer, dancer, actor, and businesswoman will not be paid for the job. That means that the Super Bowl will not have a direct impact on Lopez’s annual income or overall net worth.

Here’s what you need to know about Jennifer Lopez’s net worth:


1. Lopez Purchased a Bel Air Mansion for $28 Million in 2016

Although Lopez owns a number of properties, Daily Mail reports that home base for Lopez and her fiancee Alex Rodriguez is the Bel Air mansion she purchased back in 2016 for $28 million.

The almost 14,000 square foot house has 7 bedrooms, 13 bathrooms. The property is almost 8 acres, and also features luxury amenities including a Hawaiian-themed oasis, a putting green, an amphitheater, and an infinity pool.


2. Lopez Gets Paid an Average $2.2 Million Per Tour Stop

According to Forbes, JLo earns, on average, $2.2 million for each show she gives on her tours. In spite of that hefty price tag to perform, Marc Ganis told Forbes that JLo, and all other Super Bowl headliners, are willing to perform that show for free because of the incredible opportunity for self-promotion. He said “They are willing to perform for free and even subsidize the production costs through their record label or concert promoters because of this incredible exposure. Even the biggest names need to continually promote themselves. The Super Bowl halftime show is the single biggest promotional vehicle for a music star on the planet.”

Forbes also reports that, during her two years performing at the Zappos Theater for her Las Vegas Residency, she made over $100 million.


3. Lopez Was Paid $15 Million for Her Role in ‘Monster-In-Law’

Lopez is a true triple threat, and continues to have a successful acting career in both film and television. According to Celebrity Net Worth, one of her highest-paid acting roles was for Monster-In-Law; she was paid $15 million to star in the film, which made $154.7 million in the box office.

Lopez’s most recent film was Hustlers, which grossed over $157.6 million in worldwide box office sales. She was nominated for a Golden Globe, a SAG Award, and a Critics Choice award for her performance as Ramona in the film.


4. Lopez Made $12 Million Per Season as a Judge on ‘American Idol’

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CAA party…. #letsdance

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Lopez appeared as a celebrity judge on American Idol for seasons 10, 12, 13, 14, and 15. Celebrity Net Worth reports that gig earned Lopez $12 million per year.

Today, Lopez is a judge on a different reality talent competition – World of Dance. She is also the show’s executive producer. The show is currently in its third season, and Lopez judges alongside Ne-Yo and Derek Hough.

While she does a great job as a World of Dance judge, Lopez does not think her dance skills are up to par with what the show’s contestants bring to the WOD stage. According to Vibe, she said “The level of tricks and technical skills is not something that I had when I was coming up. Even though I know my flips and tricks just a little bit, I’m in awe of what they are able to do.”


5. Lopez’s Engagement Ring From Alex Rodriguez Is Worth Over $1 Million

Lopez and former MLB star Alex Rodriguez got engaged in May 2019. It was Lopez’s 5th time getting engaged and will be her 4th marriage. Money.com reports that the ring, which features an emerald cut diamond between 12 and 20 carats in weight, is worth over $1 million and could have cost Rodriguez up to $5 million.

According to CelebrityNetWorth.com, Rodriguez has a net worth of $350 million, $50 less than his fiancée.

READ NEXT: Shakira and JLo Songs: What Fans Hope They’ll Sing at the Super Bowl

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0 LOS ANGELES, CALIFORNIA - JANUARY 19: Jennifer Lopez attends the 26th Annual Screen Actors Guild Awards at The Shrine Auditorium on January 19, 2020 in Los Angeles, California. (Photo by Frazer Harrison/Getty Images)
Kobe Bryant’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/01/kobe-bryant-net-worth/ https://heavy.com/money/2020/01/kobe-bryant-net-worth/#respond Mon, 27 Jan 2020 08:29:43 +0000 http://heavy.com/?p=2457704

The life of Kobe Bryant was was tragically cut short, along with his 13-year-old daughter, Gianna Bryant, and seven others in a fiery helicopter crash Sunday January 26, 2020.

Bryant was a legend of the NBA and its highest-earning player. He had an estimated net worth of $770 million, according to Forbes.

“For 20 seasons, Kobe showed us what is possible when remarkable talent blends with an absolute devotion to winning,” NBA Commissioner Adam Silver said in a statement Sunday. “He was generous with the wisdom he acquired and saw it as his mission to share with future generations of players.”

The tragic crash is back in the news for a trial that started August 10, 2022, regarding photos graphic photos from the crash.

Here’s what you need to know:


1. Bryant Was the Highest-Paid Team Sports Player in History & Second-Highest Earning NBA Player

Kobe Bryant was a legend in basketball history, and his tragic death shook many outside of basketball fandom. Bryant was a household name with an NBA paycheck to match his fame. He made Forbes’ list of “Highest Paid Athletes of All Time,” ranking at sixth place. The list was published in 2016, the year of his retirement. He was also the highest paid team-sports player in history.

“Bryant hung up his high tops this year as the highest-paid athlete in the history of team sports,” Forbes wrote in 2016. “His Los Angeles Lakers salary was tops in the NBA the final six seasons of his career.”

Although Michael Jordan topped Bryant on the list, earning the No. 1 spot, Jordan earned 93 million in salary in his 19 seasons in the NBA, while his Jordan brand made $2.8 billion in revenue for Nike in the brand’s previous fiscal year alone. The majority of his wealth was accrued through his brand. The original Air Jordans were released in 1985.

Many of those taking other top spots on Forbes’ list were professional golfers. No one in spots two through five played team sports. Golf pros took spots two through four with Tiger Woods earning the second spot, Arnold Palmer earning the third spot and Jack Nicklaus earning the fourth spot. German race car driver Michael Schumaker earned the fifth spot.

Bryant also ranked No. 33 on Forbes’ list of America’s Richest Entrepreneurs Under 40 in 2016. He had the highest salary in the NBA for his last six years before retirement. It was his business and investments, though, that earned him his spot on that list.

“Kobe Bryant retired in 2016 as the NBA’s third all-time leading scorer behind only Kareem Abdul-Jabbar and Karl Malone,” Forbes wrote. “His career earnings were second to none though. Bryant banked $680 million in salary and endorsements during his two-decade career. It is the most ever for a team athlete during their playing career. Bryant had the highest salary in the NBA for the last six years. The five-time NBA champion still has his endorsement relationships with Nike, Hublot and Panini though he has moved away in recent years from straight endorsement deals in favor of being a business owner. In August he and entrepreneur Jeff Stibel officially set up a $100 million venture-capital fund, Bryant Stibel, to invest in technology, media and data companies. They have already invested in 15 companies together since 2013 including sports media website The Players Tribune, legal-services company Legal Zoom, mobile game designer Scopely, Alibaba Group and others.”


2. Kobe Bryant Did Not Own the Helicopter That Crashed, But Often Flew In It & Called It The “Mamba Chopper”

While some media outlets both before and after the crash reported Kobe Bryant owned the helicopter which crashed, it was actually owned by Island Express Holding Corp., according to FAA records. However, Bryant often used the Sikorsky S-76B helicopter. It was even adorned with the Nike and “Black Mamba” logos when it transported Bryant to and from Los Angeles Lakers games.

Bryant even had a name for the helicopter, calling it the “Mamba Chopper,” according to The Washington Post.

“Years ago, he determined it wasn’t just more convenient to fly from his home 50 miles south of Staples Center for practices and games with the Los Angeles Lakers,” The Washington Post reported in 2018. “It was irresponsible not to, given what hours in gridlock can do to the mind and body of a 6-foot-6 guard. More than trimming his commute to 15 minutes, the helicopter wound up becoming part of Bryant’s legend.”

Bryant described the helicopter as “just another tool for maintaining his body” in a 2010 GQ profile.

“But sexy as it might seem, Bryant says the helicopter is just another tool for maintaining his body. It’s no different than his weights or his whirlpool tubs or his custom-made Nikes,” GQ reported. “Given his broken finger, his fragile knees, his sore back and achy feet, not to mention his chronic agita, Bryant can’t sit in a car for two hours. The helicopter, therefore, ensures that he gets to Staples Center feeling fresh, that his body is warm and loose and fluid as mercury when he steps onto the court.”

Bryant shared the wealth of his helicopter, and once loaned it to a friend to fly to a doctor’s appointment in 2012.

“Kobe Bryant did not speak to reporters after practice Monday because Lakers point guard Steve Blake suffered an abdominal strain and could only get an appointment with an Orange County doctor in the early afternoon, so Bryant flew him there in his helicopter to avoid any irksome traffic on the 405,” Business Insider reported.


3. Kobe Bryant Founded Kobe Inc. in 2014 & Had $200 Billion in Assets

Kobe Bryant Kobe Inc

GettyBryant attends the 2018 Vanity Fair Oscar Party following the 90th Academy Awards at The Wallis Annenberg Center for the Performing Arts in Beverly Hills, California, on March 4, 2018.

Although Kobe Bryant retired from the NBA in 2016, the man known as one of the hardest-working basketball players in history continued putting his best effort into work outside the court. Bryant founded Kobe Inc. in 2014 to better control his brand and investments, and had $200 billion in assets at the time of his death, according to CNN. One of his first investments was into sports drink BODYARMOR.

He founded the business thinking of his future retirement, and had been contemplating the start of the company for a decade when he launched the corporation two years before he retired, according to the Bleacher Report. He launched the business during some forced downtime following an injury to his Achilles tendon.

Kobe Bryant Dead

GettyBryant (L), winner of the Best Animated Short Film award for ‘Dear Basketball,’ and actor Danny Glover attend the 90th Annual Academy Awards Governors Ball at Hollywood & Highland Center on March 4, 2018 in Hollywood, California.

“I have always had ideas and always had a vision of where I wanted to go going back to 2000, but they are just ideas. Now, once the Achilles injury took place, I’m sitting at home for months not moving, a couple things set in. One is that there is only so many Modern Family episodes a person can watch. And then two, what do I do now?” Bleacher Report quoted Bryant as saying.

He also developed his mission statement: “We want to own and help grow brands and ideas that challenge and redefine the sports industry while inspiring. If it doesn’t have the limbs of the sports industry, which I understand extremely well, then I probably won’t touch it.”

At the time, BODYARMOR was an emerging brand.

“BodyArmor launched in 2011 and generated $10 million in revenue over the past 12 months,” Forbes reported in 2014. “Sales more than doubled each of the past two years. Each of the six flavors contain coconut water, two and a half times the electrolytes of traditional sports drinks and are low in sodium.


4. Kobe Bryant Collected Cars & Favored Italian-Made Vehicles

Kobe bryant car

GettyBryant (R) sits on a car with Disney character Mickey mouse during the parade of Disneyland Hong Kong, 05 September 2006.

Kobe Bryant had a collection of luxury cars, according to Business Insider. Those included a Lamborghini, a Bentley, and a Range Rover.

But Bryant’s favorite cars were made in Italy. TMZ reported that in 2012 he dropped $329,000 on a new Ferrarri. The car was a Ferrari 458 Italia, which he paid in full with a check. His salary that year was $25 million. TMZ compared the purchase for him to an average person buying a Honda.

Bryant’s love of Italian cars may have something to do with his personal history. He was born August 23, 1978 in Philadelphia. His dad, Joe Bryant, was a former Philadelphia 76ers player. After his dad retired, they moved to Italy, according to a Bryant biography.

“When Bryant was six, his father left the NBA and moved his family to Rieti in Italy to continue playing professional basketball,” the biography said. “Bryant became accustomed to his new lifestyle and learned to speak fluent Italian. During summers, he would come back to the United States to play in a basketball summer league.”


5. Kobe Bryant Owned Three Houses in Orange County Worth $18.8 Million

Kobe Bryant owned three houses in Orange County, California, which were worth a combined total of $18.8 million in 2012, according to Business Insider. None of them was located far from the Staples Center, where he played for the Los Angeles Lakers at the time.

He sold a house on the Newport Coast for $6.1 million in 2015, according to the Orange County Register. The selling price beat records, topping the real estate company’s second-highest sale of $4.78 million. He had the house on the market for years, initially listing it for 8.6 million in August 2013. The listed price shortly before a buyer struck a deal was $6.45 million.

The Mediterranean-style home includes a shark tank, a hair salon, a home theater with a lobby and an 850-square-foot gym. The 8,471-square-foot house has four bedrooms and a large office or library. It was built in 1997 on a cul de sac in a guard-gated neighborhood. It also has an “extra-deep” swimming pool, spa, lush gardens, a fire pit and an outdoor kitchen, the Register reported.

Bryant and his wife sold a nearby home in January 2013 for $3.2 million. They also bought a house under construction less than two miles away in 2008 for $9.45 million. That home is in a guard-gated community on a one-acre property with coastline views. The 14,500-square-foot, three-story Santa Barbara-style residence has six bedrooms and 11 bathrooms, along with a private pool, a five-car garage and two-story sport court, according to the Register.

READ NEXT: How to Stream “Dear Basketball”: Watch Kobe Bryant’s Film [Video]

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0 Kobe Bryant Bryant attends the 2018 Vanity Fair Oscar Party following the 90th Academy Awards at The Wallis Annenberg Center for the Performing Arts in Beverly Hills, California, on March 4, 2018. HOLLYWOOD, CA - MARCH 04: Filmmaker Kobe Bryant (L), winner of the Best Animated Short Film award for 'Dear Basketball,' and actor Danny Glover attend the 90th Annual Academy Awards Governors Ball at Hollywood & Highland Center on March 4, 2018 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images) Bryant (R) sits on a car with Disney character Mickey mouse during the parade of Disneyland Hong Kong, 05 September 2006.
Adam Driver’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/01/adam-driver-net-worth/ https://heavy.com/money/2020/01/adam-driver-net-worth/#respond Sun, 26 Jan 2020 00:00:24 +0000 http://heavy.com/?p=2453033

Adam Driver may be most well-known for his role as Kylo Ren/Ben Skywalker in the Star Wars sequel trilogy, but he has been steadily making his name outside of that saga in both television and film for nearly a decade. According to CelebrityNetWorth, Driver’s 2020 net worth is estimated at $10 million.

Driver is the first host of Saturday Night Live season 46, following season 45’s lineup that included Woody Harrelson and Eddie Murphy. This will be Driver’s third time hosting the show; he previously hosted in 2016 and 2018.

Driver had a financially incredible year in 2019. He starred in Star Wars: The Rise of Skywalker, the final film in the series’ Skywalker saga, and he has been nominated for many awards for his performance in the Netflix Original A Marriage Story, which also released in 2019.

Here’s what you should know about Driver’s net worth:


1. He Was a Marine Before Becoming an Actor

After graduating from Mishawaka High School in Mishawaka, Indiana in 2001, Driver worked as a door-to-door salesman selling Kirby vacuum cleaners and a telemarketer for a basement waterproofing company and Ben Franklin construction. During this time, he applied to Julliard School for drama, but he was rejected.

After that, he chose to drive to Los Angeles to start his acting career from the ground up, but he only made it as far as Texas before his car broke down and he had to spend all his money getting it fixed. He ended up driving to Santa Monica, staying for 48 hours, then turning around and driving all the way back to Mishawaka.

Soon after the September 11, 2001 attacks, Driver decided to enlist in the United States Marine Corps. He served for two years and eight months before being medically discharged for dislocating his sternum while mountain biking. He was a Lance Corporal at the time of his discharge.

“So, seventeen, Mishawaka, parent’s house, paying rent, selling vacuums, telemarketing, cutting grass at the local 4-H fairgrounds, this was my world going into September 2001,” he said in a 2016 TED Talk. “So after the 11th, and feeling an overwhelming sense of duty and just being p*ssed off in general at myself, my parents, the government, not having confidence, not having a respectable job… I joined the Marine Corps, and I loved it.”

According to federalpay.org, Lance Corporals in the Marine Corp earn $23,774 as a Yearly Base Pay. The pay for the position goes up after two years in the Marine Corps.


2. Driver Made Over $500,000 For The Rise of Skywalker

GettyGolden Globe nominees Adam Driver and Brad Pitt

According to Style Caster, Driver took home a mid-to-high six-figure salary for portraying Kylo Ren/Ben Solo in Star Wars: The Rise of Skywalker. It’s important to note that that figure is based on reported salaries for his appearances in Star Wars: The Force Awakens and Star Wars: The Last Jedi. 

It is possible that Driver’s bring-home pay from TROS was quite a bit more than $500,000, but the numbers have not been made public.

The film itself grossed over $1 billion at the box office worldwide, making it Disney’s seventh film in 2019 to hit the 10-figure mark. It is one of the highest-grossing domestic film ever made. It is the 46th movie to ever make $1 billion at the box office with one of the best December openings on record.


3. He Was a Lead on HBO’s Girls

GettyAdam Driver

After graduating from The Julliard School, Driver starred in some Broadway and some off-Broadway productions. During this time, he also worked as a busboy and a waiter.

In 2012, Driver was cast for the HBO comedy-drama series Girls as Adam Sackler, an emotionally unstable boyfriend of the lead character. For his performances on the show, he received three nominations for the Emmy Award for Outstanding Supporting Actor in a comedy series.

He starred on Girls alongside Lena Dunham, who reportedly made around $150,000 an episode. He was a supporting actor, so it’s likely his payday wasn’t that large, but he most likely was paid generously for his time on the show.


4. Driver Founded a Non-Profit

In 2006, Driver started a non-profit alongside his wife, Joanne Tucker, called Arts in the Armed Forces. The goal of the non-profit is to bring theater to the military; the mission is to “use the powerful shared experience of the arts to start conversations between military and civilian, service member and family member, the world of the arts and the world of practical action.”

Driver currently serves on the board of the non-profit.

“I thought, how great would it be to create a space that combined these two seemingly dissimilar communities,” he said. “That brought entertainment to a group of people that, considering their occupation, could handle something a bit more thought-provoking than the typical mandatory fun events that I remember being ‘voluntold’ to go to in the military community.”

Arts in the Armed forces brings plays or monologues that are diverse in age and race, like a military audience is, and throws all the emphasis on the language instead of lights, costumes, and sets. They pride themselves on bringing exploration of humanity and self-expression to the military. They have gone all over the world with their performing artists.

“Whenever I get to be of service to this ultimate service community, the military, for me, again, there’s not many things better than that,” Driver said in his TED talk.


5. He and His Wife Eyed a $4 Million Brownstone

In January 2017, Driver and his wife, actress Joanne Tucker, were reportedly house hunting in Brooklyn. The two toured a townhome that was listed at $4.79 million.

The home had five bedrooms, seven bathrooms, and comes with renovation plans. It was set to be transformed into a single-family mansion. The home, with it’s 5,500 square feet, also featured a cellar, high ceilings, a skylight over the center stairwell, and a garden. The home is now listed for sale at almost $7 million.

While it’s not clear if Driver and Tucker bought the home, it’s likely that the home they decided on was near the same price point.

READ NEXT: Joanne Tucker: 5 Fast Facts You Need to Know

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0 Adam Driver walks the red carpet ahead of the "Marriage Story" screening during during the 76th Venice Film Festival at Sala Grande on August 29, 2019 in Venice, Italy. Golden Globe nominees Adam Driver and Brad Pitt Adam Driver
Gwyneth Paltrow’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/01/gwyneth-paltrow-net-worth/ https://heavy.com/money/2020/01/gwyneth-paltrow-net-worth/#respond Sat, 25 Jan 2020 05:52:29 +0000 http://heavy.com/?p=2452371

Gwyneth Paltrow’s net worth has skyrocketed in the last decade. She’s now worth about $100 million and her business, Goop, is worth even more than that. She and her business are the subjects of a new documentary by Netflix called The Goop Lab. 


1. Gwyneth Paltrow Is Worth About $100 Million

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Paltrow’s net worth varies depending on what source you reference. According to Celebrity Net Worth, her net worth is $100 million. Money.com noted that in 2014, her net worth was estimated to be about $140 million. (Interestingly, Forbes estimated her net worth as being $19 million in June 2014.) 


2. Her Company, Goop, Is Worth $250 Million

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The New York Times reported in July 2018 that Paltrow’s Goop company was worth $250 million. The company is based in Santa Monica and hosts summits where tickets cost $500 to $4,500. Those $4,500 tickets can include stays at Casa del Mar and two dinners with Paltrow. To reach more customers, she set up pop-up Goop stores across the country and hired Elise Loehnen.

Goop’s net worth increased after it received an investment of $50 million in 2018, Money.com reported.

Goop, the Times noted, was named after Paltrow’s initials and the idea that successful Internet companies often had “oo” in their names. The Times also noted an interesting phenomenon in the company’s growth: the more it was criticized by mainstream experts or websites, the more popular it became.


3. Goop Started as a Newsletter in 2008 & Tripled Its Revenue in 2018

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Goop started in 2008 as just a newsletter, Money.com reported. Paltrow originally intended to just recommend products with her newsletter, like certain recipes or health plans. She had about 150,000 subscribers as of 2009. But in 2014 the company moved into e-commerce, followed by launching Goop Wellness in 2017.

In 2017, Goop’s revenue from products jumped from $15 to $20 million to $45 to $60 million, Money.com reported.

Then in 2018, Goop received $82 million in funding. The company tripled its revenue, Fortune reported.


4. Goop Paid a $145,000 Fine Over Its Jade Egg & Two Other Products

Truth in Advertising filed a complaint against Goop about health claims regarding some of its products, including vaginal jade eggs. At one time the company said the eggs could increase “vaginal muscle tone, hormonal balance, and feminine energy,” Money.com reported. Goop ended up paying $145,000 in penalties for some of its marketing claims, Vox reported. This was a settlement with the Orange County District Attorney’s office, which also included reimbursing customers who bought the jade egg, rose quartz egg, or Inner Judge Flower Essence Blend and wanted a refund.


5. She Bought a Home in 2016 for $4.9 Million & Sold a Penthouse in 2017 for $10.57 Million

In 2016, Paltrow bought a four-bedroom, four-bath Santa Barbara mansion for $4.9 million, InStyle reported. It’s 5,022-square-feet and includes a separate three-bedroom, 3 1/2-bath guest house. The home has a swimming pool and sits on 2.5 acres.

In 2017, she sold a Tribeca penthouse for $10.75 million, Observer reported. She and now-ex-husband Chris Martin bought the home together for $5.17 million in 2007 and renovated the entire home. The home is a 3,892-square-penthouse decorated in colors like lilac and white. They originally tried to sell it for $14.25 million, but ultimately sold it for $10.75 million.

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0 Gwyneth Paltrow
Zoe Lofgren’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/01/zoe-lofgren-net-worth/ https://heavy.com/money/2020/01/zoe-lofgren-net-worth/#respond Tue, 21 Jan 2020 08:16:48 +0000 http://heavy.com/?p=2444517

Zoe Lofgren is one of the House managers for President Donald Trump’s impeachment trial. She’s served in the House of Representatives since 1995 representing the 19th District of California. Lofgren has a net worth of between $1.6 and $2.7 million, but she didn’t come from a family of money. Here’s what you need to know about her net worth.


1. Her Net Worth Is Estimated at Being Between $1.6 & $2.7 Million

Zoe Lofgren

GettyZoe Lofgren

According to Open Secrets, her net worth was estimated at $1.7 million in 2012. By 2016, her net worth had grown considerably to $2.715 million, making her the 97th richest person in the House of Representatives. Interestingly, the LA Times estimates her 2016 net worth as being a little lower, around at least $1.6 million.

Roll Call estimates her net worth at $1.6 million, with assets at a minimum of $2.1 million and liabilities at a minimum of $.5 million.


2. Her Assets Include a Rental Property & Retirement & Investment Accounts

Zoe Lofgren

GettyZoe Lofgren in 2014

The top industries she invested in during 2016 were real estate and electric utilities, according to Open Secrets. She had a total of 40 assets that ranged from $2.1 to $4.8 million in 2016. Among these were a rental property worth up to $1 million, an IRA worth up to $500,000, a number of bank accounts and mutual funds, up to $50,000 in Southern Co., and up to $15,000 in Tesla Motors.

The LA Times notes that her top assets in 2016 were retirement and other investment accounts worth at least $1.3 million and a $500,000 rental property.

She had two liabilities ranging from $500,000 to $1 million in 2016. One was a mortgage on a second resident worth up to $500,000, and the other was a mortgage on a primary residence worth up to $500,000.


3. In 2018, Her Report Noted One Mortage & Her Husband’s Law Firm Valued at Up to $500,000

Zoe Lofgren

GettyZoe Lofgren

A yearly report submitted in 2019 from 2018 showed much of the same, including bonds, a family trust, mutual funds, and her husband’s rollover IRAs in numerous funds including Facebook, Alphabet, Adobe, Apple, AT&T, Bank of America, Berkshire Hathaway, Cintas, Coca-Cola, Colgate, Dominion Energy, Six Flags, Verizon, Visa, Johson & Johnson, and more.

Her husband’s law firm, of which they have 100 percent interest, was valued at $250,000 to $500,000.

Collins reported salaries from his law firm and from Santa Clara Law School. Lofgren reported a pension from the California Public Employee Retirement System worth $72,404, deferred compensation (a minimum retirement distribution) worth $16,700, and the like. In 2018, only one liability was listed – a mortgage for a residence worth $500,000 to $1 million.


4. She Wasn’t Born Into a Wealthy Family

Lofgren wasn’t born into a wealthy family. Lofgren’s parents were a truck driver and a cafeteria cook. According to her bio, she worked night shifts at the Eastman Kodak plant in Palo Alto in order to save money for college expenses that weren’t covered by her scholarship. She also attended law school with the help of a scholarship.

According to her bio, Lofgren and Collins have two children: Sheila Collins and John Collins. She has a BA from Stanford and a law degree from Santa Clara University.


5. Her Campaign Paid a Family Firm for Consulting Work

Zoe Lofgren

GettyZoe Lofgren

The Mercury News reported in 2007 that Lofgren’s re-election campaign had paid $348,000 worth for consulting work to two businesses that her husband was a partner in: his law firm and Collins and Day. The latter also did work for other campaigns from the local to the federal level. This was legal, but she decided not to use her husband’s businesses to avoid any questions, she said. She told Mercury News: “The services rendered were legal and proper, but we did not want anyone to question whether we were personally profiting from my re-election campaign.”

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0 Zoe Lofgren Zoe Lofgren Zoe Lofgren in 2014 Zoe Lofgren Zoe Lofgren
Hakeem Jeffries’ Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/01/hakeem-jeffries-net-worth/ https://heavy.com/money/2020/01/hakeem-jeffries-net-worth/#respond Tue, 21 Jan 2020 05:15:43 +0000 http://heavy.com/?p=2445562

Hakeem Jeffries is a U.S. Representative for New York’s 8th Congressional District and one of the House Managers in President Donald Trump’s impeachment trial. His net worth is estimated to be about $567,000, placing him under many Congressmen with net worths in the millions.


1. Hakeem Jeffries’ Net Worth Is About $300,00 to $560,000

Hakeem Jeffries

GettyHakeem Jeffries

According to Open Secrets, Hakeem Jeffries’ net worth in 2016 was estimated to be about $567,508. The top industry he was invested in was real estate, and his top assets were bank accounts worth $175,000 (Bank of America) and another $175,000 in HSBC.

Roll Call estimates his net worth at about $.3 Million (around $333,000), with minimum assets at $.5 million and minimum liabilities at $.3 million.

His estimated net worth over the years has declined quite a bit, according to Open Secrets’ estimates. In 2015, his net worth was estimated at being near $943,000. 2013 put him at $259,007, interestingly enough, and then 2014 was the same.

His 2018 disclosures were pretty similar, with some life insurance policies added and some changes to his retirement funds.


2. His Assets Were Mostly in Mutual Funds & IRAs

Hakeem Jeffries

GettyHakeem Jeffries

Jeffries’ assets in 2016 were in mutual funds, brokerage IRAs, NY 529 Direct Plans for his dependent children, annuities, a federal credit union account, and real estate worth $15,000 to $50,000. He’s also participating in a New York State pension plan.


3. His One 2016 Liability Was for a Primary Residence Mortgage Worth $250K to $500K, & He Added a DC Residence in 2017

Hakeem Jeffries

GettyRep. Hakeem Jeffries (4th L) (D-NY) joins with members of the New York congressional delegation, (L-R) U.S. Rep. Eliot Engel (D-NY), U.S. Rep. Nydia Velazquez (D-NY), U.S. Rep. Gregory Meeks (D-NY), U.S. Rep. Joseph Crowley (D-NY), U.S. Rep. Charles Rangel (D-NY), U.S. Rep. Jose Serrano (D-NY) and U.S. Rep. Yvette Clarke (D-NY), in speaking out on a Staten Island grand jury’s decision not to bring criminal charges against a white police officer.

He had one listed liability in 2016 for a primary residence mortgage worth $250,000 to $500,000. He did not list any other liabilities.

His 2018 disclosure also showed a second mortgage, for $50,000 to $100,000, for a Washington, D.C. residence added in 2017. Also in 2017, he reported a share of a “coop mortgage” in D.C. worth $100,000 to $250,000, and a home equity line of credit worth $15,000 to $50,000 obtained in 2016.


4. Hakeem Jeffries Doesn’t Come from Wealth

Hakeem Jeffries

GettyHakeem Jeffries

Jeffries doesn’t come from wealth. His mother, Laneda Jeffries, was a social worker and his dad, Marland Jeffries, was a state substance abuse counselor. He grew up in Crown Heights and said his parents gave him his “public service spirit,” Ozy.com reported. According to his parents’ wedding announcement, Laneda (Gomes) Jeffries graduated from Central State University in Ohio and worked as a caseworker for the Williamsburg Welfare Center in Brooklyn when she was married. Marland Jeffries also graduated from Central State and was a caseworker in special services for the Department of Welfare.

Hakeem’s wife Kennisandra has worked as a social worker with 1199 SEIU’s Benefit Fund. According to a 2018 financial disclosure, Kennisandra received an income that year from Worksite Medical Service PC.


5. He Left a Lucrative Legal Future for a Career in Politics

Hakeem Jeffries

GettyHakeem Jeffries speaks during the 60th Annual GRAMMY Awards – House Judiciary Hearing at Fordham Law School on January 26, 2018 in New York City.

Jeffries left what could have been a lucrative law career to be in politics. He said he was never drawn to financial success, but to wanting to help others, The Local Fort Greene (of the New York Times) reported. For a time after graduating from NYU Law, he worked with Paul, Weiss, Rifkind, Wharton &  Garrison, who represented Fortune 500 clients. He also did pro bono work before leaving and joining the world of politics. Jeffries actually ran twice for New York State Assembly before winning.

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0 Hakeem Jeffries Hakeem Jeffries Hakeem Jeffries Rep. Hakeem Jeffries (4th L) (D-NY) joins with members of the New York congressional delegation, (L-R) U.S. Rep. Eliot Engel (D-NY), U.S. Rep. Nydia Velazquez (D-NY), U.S. Rep. Gregory Meeks (D-NY), U.S. Rep. Joseph Crowley (D-NY), U.S. Rep. Charles Rangel (D-NY), U.S. Rep. Jose Serrano (D-NY) and U.S. Rep. Yvette Clarke (D-NY), in speaking out on a Staten Island grand jury's decision not to bring criminal charges against a white police officer. Hakeem Jeffries Hakeem Jeffries speaks during the 60th Annual GRAMMY Awards - House Judiciary Hearing at Fordham Law School on January 26, 2018 in New York City.
Jerry Nadler’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/01/jerry-nadler-net-worth/ https://heavy.com/money/2020/01/jerry-nadler-net-worth/#respond Tue, 21 Jan 2020 05:15:08 +0000 http://heavy.com/?p=2444188

Rep. Jerry Nadler, House Judiciary Chairman, was one of seven impeachment managers in President Donald Trump’s trial. He’s also one of the poorer members of Congress. In fact, his net worth often falls in the negative range.


1. In 2016, His Net Worth Was in the Negative Range

According to Open Secrets, in 2016 Nadler’s net worth actually fell in the negative range (this is the most recent year available on Open Secrets.) His assets ranged from $3,000 to $45,000 and included accounts with Chase Bank, HSBC Bank, and the Congressional Federal Credit Union.

His liabilities, meanwhile, ranged from $110,000 to $265,000. So even with the lowest range on his liabilities and the highest range on his assets, he still would have come out in the negative in 2016.

Nadler is married to Joyce Miller. Joyce is an adjunct professor at Columbia University where she teaches International and Public Affairs. Miller is also the CEO/President of Tier One Public Strategies, according to her LinkedIn.


2. His Main Liabilities Were a Home & a Vacation Home

His liabilities in 2016 included a mortgage on his home in New York, a purchase loan on a vacation home, and a revolving credit card that was listed at $0, Open Secrets noted.

This 2016 disclosure was lower than his 2013 disclosure, which placed his net worth in the positive range, although not very high.

In 2018, Nadler filed a financial disclosure statement (the most recent on Open Secrets). Assets then included HSBC Bank, the Congressional Federal Credit Union, Chase bank, the New York Employee Retirement System (a pension for $21,558), and several accounts that were part of his wife’s pension and salary. He also received a small teaching fee for $8,000 from Keene State, a legislative pension for $18,000 from Maryland, and $1,000 for a Civil War Roundtable.

Nadler still had liabilities listed with Wells Fargo and a revolving Chase credit card in 2018.


3. Nadler Disagreed with a 2013 Plan for Congress to Not Get a Paycheck Until It Passed the Budget

In 2013, Nadler disagreed with a plan for Congress to not receive a paycheck until it passed a budget, The New York Times reported. He said it was unconstitutional and that it might force members to vote for legislation they disagreed with. At the time, Nadler pointed out that he was one of the poorest members of the House.


4. Nadler Also Collects a State Pension

In 2017, the New York Post noted that Nadler was one of a number of Representatives receiving a federal salary and a state pension. The Post reported that he was receiving $21,151 a year as a former member of the New York state assembly.


5. In 2002 He Had Weight Loss Surgery So He Could Live to His His Grandchildren

Getty

In 2002, Nadler had stomach reduction surgery after struggling with obesity for much of his life. He said at the time he was having the surgery because he wanted to live to see his grandchildren, The New York Times reported in 2002.  He also said that he thought genetics was involved because his twin was also overweight.

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0 Jerry Nadler House Judiciary Chairman Jerry Nadler holds a press conference after the House passed Resolution 755, Articles of Impeachment Against President Donald J. Trump, at the US Capitol in Washington, DC, on December 18, 2019. - The US House of Representatives voted 229-198 on Wednesday to impeach President Donald Trump for obstruction of Congress. The House impeached Trump for abuse of power by a 230-197 vote. The 45th US president is just the third occupant of the White House in US history to be impeached. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) House Judiciary Committee Chairman Jerry Nadler (D-NY) speaks during the House Judiciary Committee's markup of House Resolution 755, Articles of Impeachment Against President Donald J. Trump on Capitol Hill in Washington, DC, on December 11, 2019. (Photo by Jose Luis Magana / POOL / AFP) (Photo by JOSE LUIS MAGANA/POOL/AFP via Getty Images)
Jax Taylor’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/01/jax-taylor-brittany-cartwright-net-worth/ https://heavy.com/money/2020/01/jax-taylor-brittany-cartwright-net-worth/#respond Tue, 14 Jan 2020 22:29:57 +0000 http://heavy.com/?p=2434471

Jax Taylor stars on the Bravo reality series Vanderpump Rules with his wife Brittany Cartwright. The celebrity couple married in 2019 and purchased a new home in Village Valley, California ahead of walking down the aisle. Both their wedding and home are featured on Vanderpump Rules, while Taylor has stated that he is one of the only remaining cast members to still work at SUR restaurant because weddings are expensive.

So, how much does Jax Taylor make? According to Celebrity Net Worth, Jax Taylor has a net worth of $500,000. Read on to learn more about Taylor’s lifestyle with wife Brittany Cartwright, their respective TV salaries, and what they spend their money on.

Here’s what you need to know:


1. Jax Taylor Makes $25,000 for Each Episode of ‘Vanderpump Rules’

According to Women’s Health, Taylor earns $25,000 per episode of Vanderpump Rules. This makes him the second-highest paid member of the cast behind star Lisa Vanderpump, who brings home $500,000 per season. Taylor has been on the reality series since 2013.

Cartwright joined the Vanderpump Rules cast after Taylor and has become a fan-favorite on the show. She and Taylor even had their own spinoff show, Vanderpump Rules: Jax and Brittany Take Kentucky. The show was just for one season and it focused on Cartwright’s family life, as well as her relationship with Taylor.

Style Caster reported that Cartwright’s exact salary is unknown, but she is believed to earn between $10,000 – $25,000 per episode. She has been a part of the show since 2017.


2. Taylor & Cartwright Earn Money from Investments

In addition to their Vanderpump Rules salaries, Taylor and Cartwright have invested in several business opportunities. Taylor shed some light on his investments via Twitter on January 10, 2020. “If you must know, I invest in low income housing across American and in [cannabis] distribution,” he wrote. “I also own sound equipment that I rent out to other TV shows. Oh yeah and on a hit TV show. I am good for the rest of my life.”

In 2019, Taylor and former NSync member Lance Bass announced that they would be launching an organic mixer brand called “Just Add X.” The mixer blends fruit with herbs and spices, and all one has to do is add liquor and ice to enjoy. It comes in various flavors, and the website reports that they are manufactured using 100% recyclable jars.

“We created a mixers line for really bad bartenders,” Bass told The Manual. “We have a lot of great mixologist friends that we’ve worked with for a while to come up with the final flavors. I’ve been surprised by what works and what doesn’t and I hope someone surprises me with something I haven’t tried before.” “Just Add X” has an expected release of summer 2020.


3. Taylor Was Hit with an $80,000 Tax Lien by the L.A. County Registrar

Radar Online reported that the Los Angeles County Registrar-Recorder Clerk of Court confirmed Taylor was hit with a tax lien of $80,424 after failing to pay the State of California with the Los Angeles County Registrar Recorder Clerk of Court.

A clerk at the County Registrar Recorder’s Office confirmed the amount with Page Six, but a representative for Taylor insisted that the lien had been paid prior to it being made public. “Everything was taken care of before purchasing his house,” the rep stated. Taylor has not publicly commented on the lien, but he has made a point of stating that he is careful with the way he spends his money.

Days after the tax lien was filed, Taylor appeared on an episode of Watch What Happens Live with Andy Cohen, where he offered advice about saving money. “We’re very smart,” he said, referring to his wife and himself. “You might want to talk some of the other cast members on this, not me. I’m good. I’m frugal. My dad taught me well.”


4. Taylor & Cartwright Purchased a $1.9 Million Home In March 2019

Taylor and Cartwright purchased their California home in Village Valley in March 2019. The Dirt reported that the home was listed with Avi Barazani at Coldwell Banker Residential Brokerage, and the couple paid an estimated $1.91 million to obtain it. They announced their purchase during an episode of Watch What Happens with Andy Cohen a few weeks after they closed on their home.

Taylor told Cohen that he was hesitant to plan a pricey honeymoon since he and Cartwright had just purchased a home. “We just bought a house and I’ve been pulling back maybe a little bit more than I should, but we’re just feeling it out,” he said. Cartwright confirmed the news, exclaiming, “Yeah, we’re buying a house!”

View this post on Instagram

It’s the holiday season….. #thechunkyknit is back!

A post shared by Jax (@mrjaxtaylor) on

Taylor and Cartwright have continued to put money into their home, whether through the purchase of additional furniture or the refurbishing of preexisting elements. The couple decided to widen their driveway in July 2019. “You know I thought I was being a nice guy, I decided to widen the driveway for my wife,” Taylor joked on Instagram Live. “And you know what she does? She still manages to run over the signs. Still!”

Bravo reported that they also remodeled their pool house in August 2019. “So here’s the pool house, I added some curtains up there, and then we’ve got the yellow rug, and then I added this swing, and then another couch from Oasis Furniture,” Taylor said over Instagram Live. “So the pool house is pretty much done.”


5. Taylor & Cartwright Spent an Estimated $35,000 on Their Wedding

View this post on Instagram

6.29.19 ? : @the_malicotes

A post shared by Jax (@mrjaxtaylor) on

Taylor and Cartwright were married on June 29, 2019. The couple tied the knot at the Kentucky Castle Hotel in Kentucky, which cost an estimated $16,500 to rent for events. In addition, the Kentucky Castle Hotel website has reported that weddings generally start at $100 per head. The Cheat Sheet reported that the couple would have had access to the ballroom, rooftop and terrace if they opted to rent out the entire location.

There was the cost of guest rooms, which range in price from $295 to $695 a night, and $15,000 for the food and beverage minimum. Then there was the matter of the engagement and wedding rings. The engagement ring cost $70,000, according to E! News, and the wedding ring cost $25,000, according to Page Six.

All tallied up, Taylor and Cartwright’s wedding cost an estimated $35,000.

CORRECTION: An earlier version of this post incorrectly listed Jax Taylor and Brittany Cartwright’s net worth as a combined $550 million. The earlier version also incorrectly attributed the information to Refinery 29. The original source of the information on Jax Taylor’s net worth was Celebrity Net Worth, which reports that Taylor has a net worth of $500,000.”

READ NEXT: PHOTOS: See Jax Taylor & Brittany Cartwright’s New House

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0 Jax Taylor (L) and Brittany Cartwright
Kristen Bell’s Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/01/kristen-bell-net-worth/ https://heavy.com/money/2020/01/kristen-bell-net-worth/#respond Sun, 12 Jan 2020 21:55:31 +0000 http://heavy.com/?p=2430551

Kristen Bell has been an actress for almost two decades. The actress received the #SeeHer award at the 2020 Critics’ Choice Awards and is known for roles like Anna in Disney’s Frozen and starring in the lead on The Good Place, an NBC sitcom. According to CelebrityNetWorth, Bell’s net worth is estimated at around $20 million in 2020.

Though Bell has become well-known for her roles in movies like Forgetting Sarah Marshall, that’s not where her career began. Prior to her first film and television roles, Bell starred in the Broadway productions of The Adventures of Tom Sawyer and The Crucible. 

Prior to any acclaimed work on Broadway, Bell stretched her acting muscles in small-town theater. Her first role was in 1992 when she won a dual role as a banana and a tree in a suburban Detroit theater’s production of Raggedy Ann and Andy. She had her first agent before she was even 13 years old.

Here’s what you need to know Bell’s net worth:


1. She Has Starred on Broadway & in Movies and TV

Bell has a storied career; she attended New York University’s Tisch School of the Arts, but left before graduating to participate in The Adventures of Tom Sawyer on Broadway. She then starred in the 2002 revival of The Crucible with Liam Neeson and Laura Linney. She moved to California in 2002 to pursue a career in acting.

Bell landed her possibly most well-known television role, Veronica Mars in the show Veronica Mars in 2004; she was on the show for 3 years and also starred in the reboot in 2019. She went on to star in Heroes, narrate Gossip Girl and provide voices for characters on The Cleveland Show and Robot Chicken. She currently stars on The Good Place, where she reportedly makes $125,000 per episode. There are over 30 episodes of the show to date.

When it comes to movies, Bell has just as storied a history. She began getting lesser-known roles in movies in 1998, but in 2008 she starred in the now classic Forgetting Sarah Marshall. Since then, She has starred in dozens of movies including Bad Moms, Get Him to the Greek and Veronica Mars. She also voices characters for movies; she provided the voice for princess Anna in Frozen and Frozen II, which were both major box-office successesFrozen has grossed over $1.2 billion since its initial release, and Frozen II also grossed over $1 billion.


2. She Has Founded 2 Companies

In 2019 Bell and her husband Dax Shepard founded Hello Bello, a plant-based baby care product company. The baby line is part of an exclusive partnership with Walmart, but the products can also be purchased online. The goal of the brand is to produce high-quality baby products that anyone can afford.

“A lot of people have to choose what’s good for their baby or what’s good for their budget, and we just generally didn’t think that’s fair,” Bell told the Today show. 

Prior to founding a company with her husband, Bell already had experience starting a company from scratch. Bell and three other Hollywood actors founded This Bar Saves Lives, a snack bar that helps feed malnourished kids around the world. The snack bar company launched in 2013 with four flavors. The company was rebranded in 2019 to “This Saves Lives,” and they are exploring other categories like a line of nut-free food bars for children.


3. Her Wedding Cost Less Than $200

In an interview with CBS News, Bells revealed that her husband to Dax Sheperd only cost them $142, including the cost of gas for them to get to and from the courthouse. She also told Jimmy Kimmel that the courthouse employees gifted them a wedding cake that read “The World’s Worst Wedding.”

“We got married in a tiny room in the Beverly Hills courthouse, and it was still one of the best days of my life,” she told CBS News.

Later, Bell revealed that neither she nor Shepard can remember the actual day they got married; she told James Cordon that she only remembers because her mom will text them to tell them “happy anniversary.”


4. She Purchased a Home in Los Feliz for $4.3 Million

In 2017, Bell and Shepard purchased a 1920s home in Los Feliz for $4.3 million. The 4,050-square-foot house has four bedrooms and 4.5 bathrooms. It also features a formal living room, dining room, library/den, updated kitchen and a breakfast room.

The home was originally designed in 1922 by architect Arthur R. Kelly who is famously known for designing the Playboy Mansion. The home is 3 stories high and was previously listed for sale at 3.6 million in 2016.

In 2019, Bell and Shepard teamed up with La-Z-Boy for a new product launch, so their home now features more than one recliner. She told Architectural Digest that she would have let her kids design her own room, but it’s not as easy as it sounds.

“I was looking through pictures, and they were trying to explain what they wanted,” she said. “And I roughly got a sketch in crayon of, like, a slide and a ball pit. I don’t know what you think is happening. We’re not building a Chuck E. Cheese. What kind of curtains do you want? Flowers? Check. What’s your tone? What’s your palette? They didn’t get it.”


5. Her Net Worth is More than Her Husband’s

Kristen Bell is married to Dax Shepard, an actor, comedian, director and entrepreneur. According to CelebrityNetWorth, Shepard’s Net Worth in 2020 is about $12 million, making it much less than that of his wife. That brings their combined net worth to about $32 million as of 2020.

Shepard is mostly known for his role on Punk’d as well as his performances in Employee of the Month, Baby Mama and When in Rome. He also more recently appeared on Parenthood. He also races motorcycles at Buttonwillow Raceway and donates much of his time to Hollenbeck Youth Center.

Bell and Shepard postponed their marriage until California passed legislation legalizing same-sex marriage. When that happened, Bell asked Shepard through Twitter to marry her.

READ MORE: Kristen Bell to Receive #SeeHer Award at Critics’ Choice

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0 Kristen Bell was honored with a star on The Hollywood Walk of Fame on November 19, 2019 in Hollywood, California.
Tom Hanks’ Net Worth: 5 Fast Facts You Need to Know https://heavy.com/money/2020/01/tom-hanks-net-worth-2020/ https://heavy.com/money/2020/01/tom-hanks-net-worth-2020/#respond Mon, 06 Jan 2020 00:32:57 +0000 http://heavy.com/?p=2416825

Tom Hanks is one of the most bankable Hollywood actors of all time. He’s won 2 Academy Awards, and he’s currently nominated for a Golden Globe for his performance in It’s a Beautiful Day In the Neighborhood. Hanks‘ continued success has led some fans to question how much money he has to his name.

According to Celebrity Net Worth, Hanks has an estimated net worth of $400 million. Read on to learn how he made his fortune, and how he likes to spend it when he’s not starring in award-caliber films.

Here’s what you need to know:


1. Hanks Earned  $70 Million for His Role In 1994’s ‘Forrest Gump’

Forrest Gump was Hanks’ most lucrative film, in addition to being one of his most iconic. The actor signed on for a $7 million salary to play the titular character, but the film quickly went over budget. Entertainment Weekly reports that Hanks offered to give up his salary in exchange for “first dollar” back end points, meaning that he would receive a share of the box office receipts owed to the studio after the film premiered.

Forrest Gump was a massive commercial success, grossing $678 million at the worldwide box office. Hanks walked away with an estimated $70 million, in addition to a Golden Globe and his second Academy Award for Best Actor. It is Hanks’ biggest acting paycheck to date, and adjusted for inflation (it translates to $120 million today), it remains one of the biggest acting paychecks in Hollywood history.

Hanks applied a similar strategy when he starred in the WWII epic Saving Private Ryan. Business Insider reports that the actor decided to forfeit his salary in exchange for “first dollar” back end points. Saving Private Ryan earned a whopping $482 million worldwide, and Hanks made a cool $40 million for his troubles.


2.  Hanks & His Wife Have a Real Estate Portfolio Worth $150 Million

Hanks and his wife Rita Wilson have been buying and selling large properties for decades. Celebrity Net Worth reports that the couple purchased an oceanfront mansion in the Malibu Colony for $2.95 million in 1991, and today, the mansion is estimated to be worth $20 million. In 2010, the couple purchased a house in the Pacific Palisades area of Los Angeles, which has since become their primary residence. The house cost $26 million.

Hanks and Wilson sold neighboring properties to a lone client in 2017. The homes were put on the market for $8.75 million and $9.25 million, respectively, and the latter was owned by late director and screenwriter Frank Pierson. They were sold for a combined $17.5 million, which the client proceeded to tear down and replace with a mansion. According to Variety, Hanks and Wilson own 5 other properties in the Palisades, as well as a ski house in Sun Valley, Idaho.

In total, Celebrity Net Worth states that Hanks and Wilson’s real estate portfolio is worth at least $150 million.


3. Hanks Donates Money to Over 30 Charities & Foundations

In addition to his real estate dealings, Hanks works closely with other 30 charities and foundations. Shared reports that the actor donates both his time and his money to organizations like Elevate Hope Foundation and the Hole In the Wall Gang. The former provides abused children with alternative method of therapy through music, and the latter organizes summer camps for children between the ages 7 to 15 who are too ill to attend summer camp.

Other organizations that Hanks donates to includes the Women’s Cancer Research Fund (WCRF), which researches and develops the prevention of cancer in women, and the Elizabeth Dole Foundation, which improves the conditions of military families and caregivers. You can click here for a list of the additional organizations the actor is connected with.

In 2018, it was reported that Hanks and his wife Rita Wilson donated $1 euros to archaeological work on Despotiko, an island located near Antiparos, Greece. Wilson cleared up the confusion on Twitter, where she wrote: “To all my dear Greek friends, this is a false story. @tomhanks and I have no idea who this person is. Tom will not be attending this event nor have we donated to any of these causes. Not sure why people would post something untrue.”


4. Hanks’ Films Have Made Over $9 Billion At the Worldwide Box Office

Hanks’ biggest source of income is his film career. He made his screen debut in 1980, but it wasn’t until the 1984 comedy Splash! that he became a household name. The film grossed $69.8 million worldwide, according to Box Office Mojo. Hanks continued to land hit comedies throughout the decade, with the most notable being 1986’s The Money Pit and 1988’s Big. The latter grossed $151 million and earned Hanks his first Academy Award nomination.

Hanks’ career reached its peak in the 1990s. He appeared in a string of critical and commercial hits like the AIDS drama Philadelphia, which grossed $206 million; the space thriller Apollo 13, which grabbed $355 million; and the animated comedy Toy Story, which took in $373 million. His biggest success of the decade was Forrest Gump, which grossed $678 million worldwide and won 6 Academy Awards including Best Picture.

The actor has continued to find commercial success well into the 2000s. He’s lent his voice to three Toy Story sequels, and The Numbers reports the last two installments have grossed over $1 billion. He landed his highest grossing live-action film with The Da Vince Code, which earned $785 million and spawned two sequels. Work and Money reports that Hanks’ films have grossed $9.28 billion at the worldwide box office, making him one of the most financially successful actors of all time.


5. Hanks Says the Key to Staying Wealthy Is ‘Avoiding Debt’

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Hanks spoke frankly about money during a 2018 interview with The Guardian. He said that while he is wealthy, it’s important to avoid debt and to be wise with investments. “Look, I’m rich… I’m rich,” he admitted. “I read a long time ago that you can’t have debt. If you’re in debt, you can’t say no. You have to have what David Niven called f*ck-you money. So, the nut is what do you need in order to live right now, and that’s finite.”

Hanks also spoke on the different between staying grounded and succumbing to the glamour of the movie star lifestyle. He credits the former to his upbringing and the way his parents raised him. “The money can be good. But after that, man, you just want more money,” he explained.

“There’s always another level of mammon that you require in order to keep yourself happy. Are you in it for power? To do what? To have a parking place right next to your trailer? If those are the talismans, after a while none of it’s going to be enough. My money’s in the bank, man… If it stops tomorrow, we’ll be fine.”

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