Billionaires

Share to Twitter Share to Linkedin Whatever you think of him, there’s no denying that Elon Musk is a fascinating person. At today’s date he’s the richest person in the world, with his net worth estimated at $222bn, and he has cofounded companies including electric car maker Tesla, rocket producer SpaceX and tunnelling startup Boring Company. His success rate is incredibly high. Contrasting Musk to Jeff Bezos, the second richest person in the world who has won big but famously failed at 57 different projects (and happily admits to his, “cascade of experiments and mistakes and failures”), Musk’s approach appears to be rifle shot rather than scattergun. Musk and Bezos are the two richest people in the world, so there must be merit in both methods. But how does Musk continue to build companies that never fail in a big way? While you could chalk these consistent successes up to his IQ, reported to be 155, there are plenty of people with just as high an IQ who … [Read more...] about How Elon Musk Solves Problems: 4 Key Frameworks

BlackRock invested $24 million into bankrupt crypto exchange FTX founded by former crypto billionaire Sam-Bankman-Fried, CEO Larry Fink said at The New York Times Dealbook Summit. Fink disclosed that the firm invested on behalf of BlackRock’s clients through a fund of a fund and hinted the firm may have been given false information, The New York Times (NYT) reported. Fink observed about FTX “it looks like there was some misbehavior of major consequence” and said “Until we have more facts, I will not speculate” about being misled, he told the NYT. News: Larry Fink said this morning that BlackRock’s FTX investment was $24 million, a sum not previously publicly known, and that he sees a sea change ahead in the types of ventures that get funded: “I don’t believe we need another food-delivery company.” https://t.co/0FDENMxaXA — Rebecca Ungarino (@ungarino) November 30, 2022 He went on to blame venture capitalists for the FTX debacle because they made large investments in … [Read more...] about BlackRock Invested $24 Million In Sam Bankman-Fried’s Crypto Exchange, CEO Says

Share to Twitter Share to Linkedin Sam Bankman-Fried had little to add more than he was sorry, and that he should have done better, in his first public appearance since his FTX cryptocurrency exchange filed for bankruptcy protection. The founder of the high-profile company, whose logo appeared on American baseball umpires uniforms during the 2022 season, could not or would not explain exactly what happened to customer funds that were apparently transferred to FTX’s sister company, hedge fund Alameda Research. He rejected the notion that FTX’s ties to that company were inappropriate, insisting he “wasn't running Alameda” and “didn't know exactly what was going on.” But Bankman-Fried co-founded Alameda, had extensive ties to its leaders and said he worked as a consultant for the business “involved in venture investing.” He acknowledged that “clearly I didn't do a good job” as head of FTX, saying there were immense accounting mistakes he should have … [Read more...] about Bankman-Fried, Offering Little Clarity, Says ‘I’ve Had A Bad Month’

Share to Twitter Share to Linkedin Topline Former FTX CEO Sam Bankman-Fried claimed in a live New York Times interview Wednesday the collapse of his cryptocurrency exchange was driven by numerous mistakes on his part rather than fraudulent activity, as FTX faces allegations it wrongly used billions of dollars in customer funds in a failed attempt to prop up its sister trading firm Alameda Research. Key Facts Bankman-Fried acknowledged “clearly I didn't do a good job” as head of FTX, saying there were immense accounting mistakes he should have caught, but he insisted he “didn’t ever try to commit fraud” and was “shocked” by the exchange’s collapse earlier this month. He also pushed back on concerns that FTX’s ties to Alameda Research were inappropriate, insisting he “wasn't running Alameda” and “didn't know exactly what was going on,” even though Bankman-Fried co-founded Alameda, had extensive ties to its leaders and said he worked as a consultant … [Read more...] about ‘I Didn’t Ever Try To Commit Fraud’: Sam Bankman-Fried Responds To FTX Collapse In New Interview

Share to Twitter Share to Linkedin Choose Love started back in 2015 when a group of friends began collecting donations for refugees in Calais. They have gone on to become a global organization supporting refugees and displaced people all over the world. 6 years ago, they opened their first Choose Love shop. A shop like no other, here shoppers can buy real items and life-saving interventions which will go to refugees and displaced people across the world. Not every shop can claim that everything it sells will change a life, but for Choose Love, that’s the truth - and starting from today New Yorkers can help by visiting the pop-up at 204 Front St in the Seaport neighborhood. Over the last 7 years, through the help of their community, they have achieved some incredible things: Supported almost 4 million (3,860,000) people worldwide With all of their partners, they’ve distributed more than 5 million hot meals, almost 3 million nappies, and over … [Read more...] about How This Inspiring Non-Profit Is Supporting Millions Of Refugees Around The World – And How You Can Help

(CTN NEWS) – Following his discussion with Apple Inc. Chief Executive Tim Cook, Elon Musk tweeted on Wednesday that the confusion regarding Twitter possibly being removed from the company’s App Store had been cleared up. The billionaire CEO of Twitter and Tesla stated in a tweet that “Tim was clear that Apple never considered doing so.” Good conversation. Among other things, we resolved the misunderstanding about Twitter potentially being removed from the App Store. Tim was clear that Apple never considered doing so. — Elon Musk (@elonmusk) November 30, 2022 In a sequence of tweets released on Monday, Musk stated that Apple had threatened to ban Twitter from its app store without offering any explanation. He also claimed that the company had ceased advertising on social media sites. “What’s going on here?” he tweeted , tagging Cook’s account. Requests for comments on Musk’s most recent tweet from Twitter and Apple were not immediately fulfilled. Apple … [Read more...] about Musk Claims Apple Never Thought About Removing Twitter From Apple Store

Emma C. Bunker’s name is hard to avoid when strolling through the Denver Art Museum’s fifth-floor galleries. Visitors entering the Southeast Asian wing are welcomed to the Bunker Gallery, her name displayed in large white lettering, lit up on the forest green wall. The scholar’s gifts are featured in nearly every Asian art exhibit, which showcase exquisite wonders from across the continent: Palanquin hooks from Cambodia, mythical birds from Indonesia, bronze bracelets from Iran, tiles with lotus heads from Turkey. After Bunker’s death last year at 90, the museum dedicated an Asian art acquisition fund in her honor, celebrating six decades of contributions to a collection the museum touts as “one of the finest of its kind in North America.” A longtime museum consultant and leading scholar, Bunker helped assemble the Denver institution’s 7,000-piece Asian art collection through her relationships with some of the world’s biggest antiquities collectors. But those close … [Read more...] about How the Denver Art Museum became a “laundromat” for stolen Asian relics