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jordan

Michael Jordan, considered the best basketball player of all time, has just joined the billionaires’ club.

Jordan is one of the 290 new billionaires on Forbes’ annual list of the world’s richest people. He’s certainly one of the most recognizable names on the list.

Jordan amassed his $1 billion fortune partly through his endorsement deal with Nike (NKE). The Jordan brand by Nike brought in an estimated $2.25 billion in 2013, which earned the 52 year-old athlete $90 million.

 

But it was Jordan’s ownership of the Charlotte Hornets basketball team that catapulted him into the billionaire’s ranks this year. NBA teams soared in value after Steve Ballmer, the former Microsoft (MSFT, Tech30) CEO, paid $2 billion for the Los Angeles Clippers.

 

source: CNNMoney

dr-dre-forbes-630x330

  1. Dr. Dre   $620 million
  2. Jay Z   $60 million
  3. Diddy  $60 million
  4. Drake  $33 million
  5. Macklemore & Ryan Lewis $32 million
  6. Kanye West $30 million
  7. Birdman $24 million
  8. Lil Wayne $23 million
  9. Pharrell  $22 million
  10. Eminem $18 million
  11. Nicki Minaj $14 million
  12. Wiz Khalifa $13 million
  13. Pitbull  $12 million
  14. Snoop Dogg $10 million
  15. Kendrick Lamar  $9 million
  16. Ludacris, Swizz Beatz, 50 Cent, Tech N9ne  $8 million
  17. Rick Ross, J. Cole, DJ Khaled, Lil Jon, Mac Miller  $7 million

source: Forbes

20140801-063117-23477563.jpg
No suprise here. America’s wealth still belongs to rich white men.

Washington resident and Microsoft founder Bill Gates’ $80 billion net worth makes him the richest person in the country (and the world). The least rich individual on the map is Robert Gillam, founder of McKinley Capital, an Alaska-based institutional investment firm. But don’t feel too bad for him — he’s worth a cool $700 million.

Heirs to the Walmart empire dominate three states: Arkansas (Jim Walton, worth $35.7 billion), Texas (Alice Walton, worth $35.3 billion) and Wyoming (Christy Walton, worth $37.9 billion). Here’s to so-called upward mobility.

Movoto used wealth data from Forbes and Celebrity Net Worth to create the map.

Source: huffingtonpost

New_York_Taxis
Walk down the street in New York and you’re virtually guaranteed to see several millionaires.

That’s because more than 1 in every 25 New Yorkers is a millionaire, according to a study released Tuesday.

The Big Apple ranks fourth in a listing of the top 20 global cities based on the portion of their populations whose net worth, excluding primary residence, tops $1 million.

Altogether, 4.63% of New Yorkers, or 389,100 people, are millionaires, according to the analysis by Spear’s magazine and consulting firm WealthInsight.

“New York has long been the bastion of wealth not only in America, but the world,” said Oliver Williams, an analyst at WealthInsight. “It has the second largest millionaire and largest billionaire population of any global city.”

Monaco, Zurich and Geneva claimed the first three spots. Nearly 3 in 10 people in Monaco are millionaires.

Houston at No. 18 and San Francisco at No. 19 were the only other U.S. cities to make the list. In each city, a bit more than 2% of residents are millionaires.

Not surprisingly, most of the highest-ranked cities are banking and financial centers, including Frankfurt (No. 5) and London (No. 6).
source: LATimes

billgates
Name  / Net Worth / Source of Wealth
  1. Bill Gates  $76 billion   Microsoft
  2. Carlos Slim  $72 billion  telecom
  3. Amancia Ortega  $64 billion  retail
  4. Warren Buffett  $58.2 billion  Berkshire Hathaway
  5. Larry Ellison  $48 billion  Oracle
  6. Charles Koch  $40 billion  diversified
  7. David Koch  $40 billion   diversified
  8. Sheldon Adelson  $38 billion  casinos
  9. Christy Walton  $36.7 billion  Wal Mart
  10. Jim Walton $34.7 billion  Wal Mart

source: Forbes

"I was thinking about my exit even when I entered the league." -- --Jamal Mashburn

Jamal “Monster Mash” Mashburn (university of Kentucky) is a retired American professional basketball player who earned $75 million over his NBA career.  Mashburn was a prolific scorer in his 12 seasons in the league, with a career scoring average of 19.1 points per game. Since retiring from basketball, Mashburn has worked for ESPN as an analyst and launched a number of successful business ventures including 34 Outback Steakhouse franchises, 37 Papa John’s franchises, and two car dealerships across the state of Kentucky; one Toyota, one Lexus dealership and a real estate group in Kentucky!

Mashburn most recently invested in LevelEleven (video below), a Sales Motivation App From Salesforce.com

This is what #GWOP is about, starting business, creating jobs and making people lives bettter.

According to ESPN,

Allen Iverson earned over $200 million in his NBA career and is broke and in debt.

Antoine Walker (university of Kentucky) earned over $110 million in his 12 year NBA career and is broke and in debt.

Moral of the story:  Don’t gamble.  Save your money and start a business (not a record label). Be a entrepreneur.

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