mogul

25Apr

By THEIRL1ADMIN01No Comments

CRYPTOMARKET, IN OTHER NEWS

FTX Bankruptcy Is Bad News For The Charities That Crypto Mogul Sam Bankman-Fried Generously Supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to explain the significance of FTX’s implosion for philanthropy and the nonprofits Bankman-Fried supported. What was the connection between FTX and philanthropy? Though FTX was a cryptocurrency exchange, Bankman-Fried viewed it as something more: a vehicle to change the world through giving. Bankman-Fried often noted that his goal for his business was to make money in order to donate it to support a variety of social causes like global heal...

Lord Of The Roths: How Tech Mogul Peter Thiel Turned A Retirement Account For The Middle Class Into A $5 Billion Tax-Free Piggy Bank

25Apr

By THEIRL1ADMIN01No Comments

BUSINESS

Lord Of The Roths: How Tech Mogul Peter Thiel Turned A Retirement Account For The Middle Class Into A $5 Billion Tax-Free Piggy Bank

by Justin Elliott, Patricia Callahan and James Bandler ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Series: The Secret IRS Files Inside the Tax Records of the .001% Billionaire Peter Thiel, a founder of PayPal, has publicly condemned “confiscatory taxes.” He’s been a major funder of one of the most prominent anti-tax political action committees in the country. And he’s bankrolled a group that promotes building floating nations that would impose no compulsory income taxes. But Thiel doesn’t need a man-made island to avoid paying taxes. He has something just as effective: a Roth individual retirement account. Over the last 20 years, Thiel has quietly turned his Roth IRA — a humdrum...

31Oct

By THEIRL1ADMIN01No Comments

Journalism

Tips for Black entrepreneurs from media mogul Byron Allen

This week, media mogul, Byron Allen, broke the internet with a viral interview on The Breakfast Club. The CEO of Entertainment Studios dropped numerous gems for success and told his incredible story of building an empire from his kitchen table. That hard work has paid off, as this Tuesday, Allen was inducted into the 2019 Broadcasting and Cable Hall of Fame. Allen doesn’t mince words: Black people may have been “blackballed” from the day they were born, but they can still succeed. He tells young entrepreneurs not to be afraid to speak out and dream big. “You cannot live in fear. You were born Blackballed. You know you’ve been positioned to fail and you have to recognize where you are.” These are five other gems from Allen’s interview that remind us to pursue our greatness and know our ...

Suge Knight Victim Won’t ‘Snitch’ on Rap Mogul

4Apr

By THEIRL1ADMIN01No Comments

IN OTHER NEWS

Suge Knight Victim Won’t ‘Snitch’ on Rap Mogul

Marion "Suge" Knight has been ordered to stand trial on charges of murder, attempted murder and a hit-and-run. He was taken to a hospital for an unspecified medical emergency, after a judge informed him of the proceedings, according to The Associated Press.One of the men whom Suge Knight ran over earlier this year admitted to a judge that he punched the rap mogul, but testified that he would not identify Knight since he claimed he did not remember specifics and did not want to be a "snitch," according to The Associated Press.Cle "Bone" Sloan said he punched Knight through the window of his truck before the incident, which left another man dead. "I will not be used to send Suge Knight to prison," he said. Source: Suge Knight Victim Won't 'Snitch' on Rap Mogul | Rolling Stone