background preloader

BROKE

Facebook Twitter

Log In - New York Times. Log In Don't have an account?

Log In - New York Times

Sign up here » Facebook Google or Forgot password? Blendle.

ADDICTION

CASINOS. BANKRUPTCY. Video: Take a look inside architect Ian Simpson's stunning penthouse on top of the Beetham Tower. 8 people who became millionaires by 25 describe what it's like to be so rich, so suddenly, so young. Not everyone can be Mark Zuckerberg and become a billionaire by age 23.

8 people who became millionaires by 25 describe what it's like to be so rich, so suddenly, so young

But plenty of people have been fortunate enough to become self-made millionaires by age 25. A Quora thread titled "What does it feel like to be a self-made millionaire under the age of 25? " asked young millionaires to share their experiences becoming so wealthy at a relatively young age. Dragons' Den star Newman is bankrupt. The businesswoman was due to appear before Dublin's Commercial Court yesterday as part of an ongoing case taken by AIB when the revelation was made.

Dragons' Den star Newman is bankrupt

The hearing was part of AIB Mortgage Bank's efforts to recover a €9m judgment obtained in 2011 against Ms Newman and her former partner, hurling legend DJ Carey. But in light of the fact she was recently declared bankrupt in the UK, the bank would not proceed with the cross-examination, AIB's junior counsel James Doherty said. UK Insolvency Service documents list the former dotcom millionaire as being "unemployed". The documents list her current address in Bury St Edmonds, Suffolk, but note a previous address in Monkstown, Co Dublin. Addictive Daughter. The Inner Fix: Be Stronger, Happier and Braver.: Amazon.co.uk: Persia Lawson, Joey Bradford, Addictive Daughter: 9781473620209: Books. Book Description This is the definitive guide on how to stay sane and spiritually fit whilst navigating your twenties and beyond.

The Inner Fix: Be Stronger, Happier and Braver.: Amazon.co.uk: Persia Lawson, Joey Bradford, Addictive Daughter: 9781473620209: Books

From the Back Cover The Inner Fix is a unique and practical step-by-step programme to help you dramatically improve your relationships, feel more confident and satisfied with your work, confront your financial blocks and become the best version of yourself - both inside and out. Amazon.co. How to make the most of this banking blog. Welcome!

How to make the most of this banking blog

On offer here are over 70 interviews with people in or around finance, plus around a dozen wrap-up articles. If you are a financial insider yourself, you may want to go directly to an interview with someone in a particular niche, your own or one you have always wanted to know more about. Here is the jargon-heavy list of all interviews, ordered by activity. Is there no one there like you? Volunteer at jlbankingblog@gmail.com for an anonymised interview.

Poor little rich kids – the perils of inheriting vast wealth. It is reported that when the 6th Duke of Westminster, who died this week, realised at the age of 15 that he was heir to his family’s immense fortune, he dreaded it – the responsibility, the knowledge that he hadn’t earned it, the isolation it would bring him.

Poor little rich kids – the perils of inheriting vast wealth

He would have prepared his son for the eventuality of becoming duke, although neither would have wanted to think it would happen as early as it did. On Tuesday, Gerald Grosvenor died suddenly at the age of 64; his son Hugh, now the 7th Duke of Westminster, is just 25 and inherits the family’s £9.3bn fortune. Blendle. Awaiting Trial, Willing to Pay for a Gilded Cage - The New York Times. Forbes downgrades net worth of former 'richest self-made woman' to zero. US business magazine Forbes, which monitors the world’s wealthiest individuals and publishes a rich list, has revised the net worth of the woman it named as America’s richest self-made woman last year from $4.5bn (£3.1bn) to zero.

Forbes downgrades net worth of former 'richest self-made woman' to zero

Forbes said its estimate of Elizabeth Holmes’s wealth was based entirely on the 32-year-old’s 50% stake in troubled blood-testing startup Theranos. The company acknowledged in April that it is under investigation by several regulators and agencies following a series of reports by the Wall Street Journal in which former employees said the company’s tests were unreliable. Theranos said the WSJ articles were inaccurate when they were published. Forbes says its previous estimate of Holmes’s wealth came from a $9bn valuation for the private company in 2014. Holmes started Theranos in 2003 and remains its chief executive.

Bang on the money? Insiders reveal what TV gets right and wrong about the super-rich. With their addictive cocktail of glamorous parties, shameless infidelity and boardroom backstabbings, TV shows about the super-rich have rarely seemed grounded in reality.

Bang on the money? Insiders reveal what TV gets right and wrong about the super-rich

But recent programmes like The Night Manager and Billions are thought to offer a truer reflection of the uber-wealthy, with plots drawn from real-life corruption. Gawker hit with additional $25m in damages over Hulk Hogan lawsuit. Terry Bollea, the retired pro wrestler known as Hulk Hogan, was awarded a total of $25m in punitive damages on Monday, in his invasion of privacy lawsuit against Gawker Media.

Gawker hit with additional $25m in damages over Hulk Hogan lawsuit

These damages come on top of the $115m already awarded to Hogan last week which concluded a nearly two-week trial in St Petersburg, Florida. There, jurors heard how Hogan, 62, had not been contacted by the website before it posted a nine-second video clip of the wrestler having sex with the wife of his friend, DJ Bubba “The Love Sponge” Clem. Hogan has said he didn’t know he was being taped. Nick Denton. Nick Denton (born 24 August 1966)[1] is a British Internet entrepreneur, the founder and proprietor of the blog collective Gawker Media, and the managing editor of the New York-based Gawker.com.

Nick Denton

For years after starting Gawker Media in 2002, Denton ran the company out of his apartment in SoHo. Life and career[edit] Denton grew up in Hampstead, the son of British economist Geoffrey Denton and his wife, Marika (née Marton), a Hungarian Jew who survived the Nazis and escaped the Soviet occupation at age 18. A psychotherapist, she died of cancer the year before her son moved to New York. Denton has a younger sister, Rebecca.[2][3] Denton was featured in the Sunday Times Rich List 2007 in position #502 with an estimated wealth of £140m (approximately $205m) based on the sale of his previous companies and the current value of Gawker Media.[7] Denton lives in New York City. Marriage[edit] Controversies[edit] Swiss billionaire Margarita Louis-Dreyfus gives birth to twins at 53. A Swiss billionaire businesswoman has given birth to twin girls at the age of 53, her spokeswoman has said.

Margarita Louis-Dreyfus, ranked the 171st richest person in the world and the 21st most powerful woman in Europe, the Middle East and Asia by Forbes and Fortune magazines, is the majority owner and chairwoman of the £120bn international trading house Louis Dreyfus Commodities. She also owns the French first-division football club Olympique de Marseille. “Mother and babies are doing well,” the press office of the 165-year-old family firm announced, confirming weekend rumours in the Swiss press. Hulk Hogan awarded $115m in Gawker sex tape lawsuit. Terry Bollea, the retired pro wrestler known as Hulk Hogan, has been awarded $115m in his invasion of privacy suit against Gawker Media in a verdict that may re-shape how the media covers celebrities in the future. The six person jury – four women and two men – deliberated for nearly six hours before delivering their verdict to the court in St Petersburg, Florida. Not a Game: The Incredible Rise and Unthinkable Fall of Allen Iverson eBook: Kent Babb: Amazon.co.uk: Kindle Store.

When this book came out in early June, it received lots of press in the Philadelphia media for the chapter discussing Allen Iverson's famous practice rant. In a larger sense, though, Kent Babb's searing biography of Iverson paints an ugly picture of the player as a mean drunk with a severe alcohol problem. Iverson burned through $150 million in his career and still drinks Coronas to excess nearly every day of his life at T.G.I. Fridays and P.F. LOTTERY'S UNLUCKY WINNERS: THE DISASTER AFTER THE CELEBRATION: "True Tragic Tales - They Blew It All" eBook: JACK WEST: Amazon.co.uk: Kindle Store.

Hole in the pocket Millionaires: Six Personal Finance Mistakes From Celebrities Gone Bankrupt And How you can Avoid them: Amazon.co.uk: Mr Kehinde Sanyaolu, Mr Taiwo Sanyaolu: 9789789333691: Books. The World's Worst Entrepreneur eBook: Aqil Radjab: Amazon.co.uk: Kindle Store. 'I laughed, then panicked': the strange journey of lottery winners. As David and Carol Martin picked up a life-changing £33m lottery cheque this week, few could come close to understanding the rollercoaster journey the couple from Hawick, in the Scottish Borders, had just embarked upon. “I cried, then I laughed, then I panicked, what do you do?” Recalled Elaine Thompson, 59, from Newcastle, of her own win and entry into the exclusive lottery millionaires’ club, whose members now number about 4,000.