Who owns 250 million dollar house

Share to Twitter Share to Linkedin Today in Geneva, concurrent with the Watches & Wonders Geneva 2023 exhibition, Jacob & Co. unveiled its $20 million Billionaire Timeless Treasure Yellow Diamond watch that is a complex tourbillon timepiece totally ensconced in 425 Asscher-Cut Fancy Yellow and Intense Yellow diamonds. The feat of simply collecting and cutting all of the highest color and quality of matching diamonds alone was three-and-a-half years. This is not the first Billionaire watch the brand has built. In fact, in 2015 it released its first Billionaire watch bedecked with 260 carats of white diamonds. Three years later, in 2018, F loyd Mayweather bought a Billionaire watch (only 21 have been made since 2015, with all of them selling except for one) for $18 million. The brand then unveiled, also in 2018, its $ 6 million yellow diamond Millionaire watch with 127 carats of intense yellow diamonds. But that wasn’t enough for this … [Read more...] about Jacob & Co. Unveils $20 Million Billionaire Timeless Treasure Yellow Diamond Watch

Share to Twitter Share to Linkedin MicroStrategy added $150 million worth of bitcoin to its stash at an average price per coin of $23,238 in February and March, generating an 18% gain over the past few weeks. The Tysons Corner, Virginia-based company sold equity to pay for the crypto and also to extinguish debt to Silvergate Bank. The business-software maker and bitcoin investor also freed up 34,619 bitcoins (BTC) of collateral used to back a $161 million term loan, according to a filing with the U.S. Securities and Exchange Commission, by repaying Silvergate, the crypto-focused bank based in La Jolla, California that is winding up its business after a run on deposits. The floating-rate loan was scheduled to mature in March 2025 and bore interest at a rate of 8.27% a year as of Friday, when the payoff was executed. The most recent purchases of 6,455 bitcoins brought MicroStrategy’s holdings to about 138,955 BTC, worth $4.14 billion and acquired at an … [Read more...] about MicroStrategy’s $150 Million Of Bitcoin Purchases Catch Rally, Jump 18%

Share to Twitter Share to Linkedin Michael Saylor’s new job looks a lot like his old job: adding bitcoin to the balance sheet of his business-software company with religious fervor. “I'm a bitcoin maximalist, I happen to believe that bitcoin is an instrument of economic empowerment, it'll be beneficial to eight billion people,” Saylor told Forbes in an interview. “I also happen to believe that bitcoin is unique,” he continues, because of “the Immaculate Conception, decentralization, and its commodity status. All of these things make it the superior asset in the space.” The Immaculate Conception he means is the founding of bitcoin, as explained in a 2008 white paper by one or more people using the name Satoshi Nakamoto. Saylor stated that bitcoin is the only crypto asset which is truly decentralized and without an issuer. He backs bitcoin as a corporate investment in part because he believes there is regulatory agreement among U.S. regulators that bitcoin … [Read more...] about Bitcoin ‘Maximalist’ Saylor Makes Crypto His Only Job

Share to Twitter Share to Linkedin Experts attribute that the fascination with Japanese food in the U.S. started in New York City back in 1964 when wrestler turned restaurateur Hiroake “Rocky” Aoki launched Benihana. Its hibachi steak was prepared right in front of guests on a grill at the table and created quite the stir. In fact, Benihana is still going strong with about 75 eateries in about 25 states. Since then, a slew of Japanese restaurant chains such as Jinya Ramen Bar and Kura Sushi, regaled for its serving sushi on its revolving conveyor belt, have flourished in the U.S. But the Japanese restaurant chain that has been most adept at expanding has been Teriyaki Madness, based in Denver, Co. It has grown due to the power of franchising since 129 of its 130 restaurants are franchised. For example, in 2022 it expanded by 29 locations; every one of which was franchised. Of those 130 locations, 126 of them are based in the U.S., spanning 26 states. … [Read more...] about Teriyaki Madness: Building A Japanese Restaurant Powerhouse Through Franchising

Share to Twitter Share to Linkedin In healthcare, as in life, people devote a lot of time and attention to the way things should be. They’d be better off focusing on what actually could be. As an example, 57% to 70% of American voters believe our nation “should” adopt a single-payer healthcare system like Medicare For All. Likewise, public health advocates insist that more of the nation’s $4 trillion healthcare budget “should” be spent on combating the social determinants of health: things like housing insecurity, low-wage jobs and other socioeconomic stresses. Neither of these ideas will happen, nor will dozens of positive healthcare solutions that “should” happen. When the things that should happen don’t, there’s always a reason. In healthcare, the biggest roadblock to change is what I call the conglomerate of monopolies , which includes hospitals , drug companies , private-equity-staked physicians and commercial health insurers . These … [Read more...] about In Healthcare’s Game Of Monopoly, One Player Will Control The Board

Share to Twitter Share to Linkedin A biased bid selection process represents one of the biggest threats for procurement officials. Such bias leads to a bad selection decision for a government contract, wasting taxpayer money. Moreover, it may lead to a procurement bid protest. The Government Accountability Office (GAO) put out a report in 2017, which found that a “flawed selection decision” was one of the top four reasons for successful bid protests - and over 22% of bid protests succeeded that year. So how should procurement officials protect their procurement selection process from bias? Doing so requires a basic grasp of behavioral science research on cognitive biases and how to defeat them . What Do Lawyers Working on Bid Protests Say About Bias? In 2021, the US Congress commissioned a bid protest study at the Defense Department referencing the work of Dr. Christopher Yukins , a professor of procurement law at the George Washington … [Read more...] about Prevent Costly Procurement Disasters: 6 Science-Backed Techniques For Bias-Free Decision Making

Share to Twitter Share to Linkedin Key News Asian equity markets were mixed overnight on light volumes as investors worried about financial contagion. Hong Kong had a volatile day as Jack Ma’s visit to China lifted Alibaba and the market, a rally that ran out of out of steam in the afternoon. Baidu fell -3.17% due to rumors of a delay in its ERNIE chat bot launch. Meituan fell -6.28% and was today’s most heavily traded in Hong Kong by value after the company’s Q4 financial results, which were announced after the close on Friday, beat estimates. The stock’s drop is likely driven by Tencent’s decision to deliver a cash spinoff of Meituan, rather than shares, which obviously requires selling Meituan shares in the open market. Healthcare was the only positive sector in both Hong Kong and Mainland China after CSPC Pharma’s mRNA Covid-19 vaccine was approved. Mainland markets were off though “outperformed,” i.e. they fell less than Hong Kong as CNY and the … [Read more...] about Tencent’s Cash Dividend Weighs On Meituan

Share to Twitter Share to Linkedin There are many financial planning considerations before, during, and after a divorce. A key part of the process from a financial standpoint is dividing the assets. Generally, couples split the value of their assets 50-50 (though not always). But that doesn't mean the actual assets are just split down the middle, and some assets are much more favorable from a tax perspective than others. Once the divorce is finalized, a crucial (but often overlooked) part of the process is updating estate documents and beneficiary designations. Here are some key considerations when financial planning for a divorce. Money and divorce This article solely focuses on some of the general financial planning aspects of divorce and is not personal legal, tax, accounting, or financial advice. When getting a divorce, it's important to assemble your team of professionals. During the divorce, your attorney is the star quarterback. … [Read more...] about Financial Planning For A Divorce

Share to Twitter Share to Linkedin The arrival of Software as a service or SaaS platforms may have started with Salesforce.com in 1999, but the business model has reached near ubiquity today. Yet the challenge for creating in-house the underlining systems that manage multi-user logins and security for it remains for many SaaS app developers. Sagi Rodin encountered the same challenge while working as a software engineer for the Israeli-based Check Point Software, one of the world’s most innovative and largest security companies. For each new application he worked on, he had to build from scratch the customer identity and access management application (CIAM). So he decided to leave Check Point to solve the problem. Founded in Israel in 2019 by Sagi Rodin, CEO and Aviad Mizrachi, CTO, Frontegg is a platform that supports app builders by covering all aspects of authentication from single-sign on to complex, multi-tenancy authorization, API-token management … [Read more...] about Sagi Rodin Creates Frontegg Customer Management And Identity Platform For SaaS App Builders

The Federal Deposit Insurance Corporation (FDIC) announced Sunday night that First Citizens BancShares made a deal to acquire Silicon Valley Bank (SVB), the recently failed tech lender. On March 10, the federal regulator took over SVB following a bank run that caused it to collapse . The FDIC then sought a buyer for the bank, either as a whole or in segments, and found one in First Citizens in a transaction including $72 billion in assets — a discount of $16.5 billion, according to the FDIC statement . About $90 billion in SVB’s securities and other assets were not part of the acquisition and will stay in the ownership of the FDIC, according to the statement. The FDIC also will get equity appreciation rights tied to the stock of First Citizens, which may be worth up to $500 million, according to the statement. (RELATED: After Collecting Millions From Wall Street, Janet Yellen Now Helps Decide Which Banks Get Bailouts) Federal Reserve Board Chair Jerome Powell speaks … [Read more...] about First Citizens To Acquire Collapsed Silicon Valley Bank In Major Deal