Vijay Mallya (Vijay Vittal Mallya) is an Indian businessman and former Member of Parliament (Rajya Sabha) (born 18 December 1955). He is the target of an Indian Government extradition attempt to return him from the UK to face allegations of financial crimes in India.
Vijay Mallya is a former director of the cricket team Royal Challengers Bangalore. A businessman’s son, he is the former chairman of United Spirits, India’s largest spirits firm, and continues to serve as chairman of United Breweries Group, an Indian conglomerate with interests including alcohol products, aviation infrastructure, real estate, and fertilizers.
For more than 20 years, he was chairman of Sanofi India (formerly Hoechst AG and Aventis) and chairman of Bayer CropScience in India and chairman of many other firms. Before it went into administration, Mallya was also the founder and former owner of the defunct Kingfisher Airlines and the former co-owner of the Force India Formula One team.
Vijay Mallya was born to Lalitha Ramaiah and Vittal Mallya’s parents on December 18, 1955, in Kolkata, India, into a wealthy business family. His father was then the president of the ‘United Breweries Party.’ * Vijay completed his school and college education from Kolkata. He enrolled at the prestigious ‘La Martiniere College’ in Kolkata when he finished high school. From his early days, his leadership skills were very clear, as he was appointed captain of the ‘Hastings House,’ at ‘La Martiniere.’ He later enrolled in the reputed ‘St. Xavier College, also in Calcutta.
He began to take a keen interest in the family businesses while pursuing his education and interned there too. He soon moved to the US to intern at Hoechst AG, a US-based chemical firm, and sometime later returned to India to enter his father’s business.
Business and career
He is the ex-administrator of United Spirits, the biggest spirits organization in India, and keeps on filling in as the executive of United Breweries Group, an Indian aggregate with interests including refreshment liquor, avionics framework, land, and compost. He has been the director of Sanofi India (recently known as Hoechst AG and Aventis) and the executive of Bayer CropScience in India for more than 20 years, and the administrator of a few different organizations.
The child of financial specialist Vittal Mallya, he turned into the executive of United Breweries Group in 1983 at 28 years old, after his dad’s demise. From that point forward, the gathering has developed into a worldwide aggregate of more than 60 organizations, with a yearly turnover which expanded by 64% more than 15 years to US$11 billion out of 1998–1999.
Throughout the long term, he has enhanced and obtained Berger Paints, Best and Crompton in 1988; Mangalore Chemicals and Fertilizers in 1990; The Asian Age paper and the distributor of film magazines, and Cine Blitz, a Bollywood magazine in 2001.
Joined’s Kingfisher brew has an over half piece of the pie in India. It is accessible in 52 different nations and leads among Indian lagers in the global market.
Joined Spirits Ltd, the lead organization of the UB Group, accomplished the achievement of selling 10 crores (100 million) cases, turning into the organization of the second-biggest spirit on the planet by volume, under Mallya’s chairmanship. In 2012, Mallya surrendered the board control of United Spirits Limited to worldwide spirits monster Diageo, holding a minority stake in the business.
In February 2015 Mallya had to leave as an administrator of United Spirits, and he contracted to get a $75 million severance installment as a component of that bargain, yet the courts in India have impeded that installment.
Kingfisher Airlines, set up in 2005, was a significant undertaking dispatched by Mallya. It in the long run got bankrupt and must be shut down. As of October 2013, it had not paid compensations to its representatives for 15 months, had lost its permit to work as a carrier, and owed more than US$1 billion in bank advances. By November 2015, the sum owed to the banks had developed to at any rate $1.35 billion, and there were different obligations owed for charges and to various little loan bosses.
As a component of the Kingfisher breakdown, Mallya is blamed for being an “unyielding defaulter” under Indian law, including allegations of illegal tax avoidance, misappropriation, and so forth.
In March 2016, a consortium of banks moved toward the Supreme Court of India to prevent Mallya from traveling to another country because of the forthcoming cash his organizations owed them. According to media reports, he had just left India.
On 13 March 2016, a court in Hyderabad gave a non-bailable warrant for Vijay Mallya capture, however, it shows up he is staying at his nation bequest close to London, England, while his legal counselor challenges the warrant with a higher court. On 18 April 2016, an extraordinary court in Mumbai additionally gave an undated non-bailable capture warrant against the money manager.
This was given because of supplication by the Enforcement Directorate on 15 April under the watchful eye of the unique court hearing cases under the Prevention of Money Laundering Act, 2002. There were claims on him that he moved ₹4,000 crores (US$560 million) to duty asylums.
In June 2016, the Enforcement Directorate (ED) revealed it had “temporarily appended” ₹1,411 crores (US$200 million) rupees worth of Mallya’s Indian resources and properties against unpaid advances totaling ₹807 crores (US$110 million). On 3 September, it gave a subsequent connection request for a further ₹6,630 crore (US$930 million) worth of Mallya’s benefits, including a farmhouse, shares in United Breweries, and different pads in Bengaluru esteemed at ₹565 crores (US$79 million).
By December 2016, the ED has joined an aggregate of Rs 9661 crore worth of benefits of Vijay Mallya and Kingfisher in India. This is one of the biggest connections of advantages made by the ED in a Prevention of Money Laundering Act case till now. The ED likewise chose to send letters rogatory (LR) to the US, the UK, and Europe mentioning them to help it in connection with Mallya’s more than ten unfamiliar resources.
In July 2020, Indian media revealed that Vijay Mallya had offered a settlement bundle of ₹13,960 crores (US$2.0 billion) as against a complete chief measure of ₹9,000 crores (US$1.3 billion) to the consortium of Indian financiers seeking after a suit against him; this settlement was acknowledged by the investors.
Beforehand an individual from the Akhila Bharata Janata Dal, Mallya joined the Subramanian Swamy-drove Janata Party in 2003 and was its National Working President until 2010. He was chosen for the Rajya Sabha as an autonomous part twice from his home territory of Karnataka, first in 2002 with the help of the Janata Dal (Secular) and Indian National Congress and afterward in 2010 with the help of the Janata Dal (Secular) and BJP.
On 2 May 2016, Mallya left his post as a Rajya Sabha MP, seven days after the Rajya Sabha morals board proclaimed that he should never again be an individual from the House and one day before the board was set to meet again to suggest his removal. He had left India during this time, and his identification had been repudiated. In his acquiescence letter, Mallya said he was “stunned that the Department of Financial Services, Ministry of Finance, Government of India has given genuinely wrong data to a Parliament Committee” and that he was leaving since he had presumed that he would “not get a reasonable preliminary or equity”.
In 1986, Mallya wedded previous ‘Air India’ air-leader Sameera Tyabjee. In 1987, they had a child, Siddharth Mallya. Notwithstanding, the couple separated from a year later. Mallya has asserted that he has been on acceptable standing with his ex even after the separation.
In 1993, he got married to his cherished companion Rekha, with whom he has two girls. Rekha had been separated from twice before the wedding Vijay. Mallya embraced her girl, Leila.
Vijay is known to be an incredibly strict individual. He supplicates each day and behaviors the 42-day ‘Sabarimala’ quick consistently. He wears just dark garments during the whole time of the quick. He likewise happens to be a dear companion and adherent of Sri Ravi Shankar, the organizer of the ‘Specialty of Living Foundation.’
Once called the “Lord of Good Times” because of his lavish way of life, Vijay Mallya and his organizations have been entangled in monetary outrages, and contentions since 2012. Mallya left India on 2 March 2016 after stating he needed to move to Britain to be nearer to his youngsters. A gathering of 17 Indian banks is attempting to gather roughly ₹9,000 crores (US$1.3 billion) in advances that Vijay Mallya has supposedly steered to increase 100% or a fractional stake in around 40 organizations over the world.
A few organizations including the Income Tax Department and the Central Bureau of Investigation are researching Mallya for charges including budgetary extortion and illegal tax avoidance, and the Attorney General said that Mallya’s advantages abroad are “far in abundance to credits taken by him”.
The 17 banks included a joint request at the Supreme Court of India in March 2016 to attempt to forestall Vijay Mallya from leaving the nation, yet the Indian government showed that he had just left.
The Enforcement Directorate of India likewise documented a tax evasion body of evidence against him in March 2016 for supposedly sending to another country some ₹900 crores (US$130 million) that had been lent to his carrier.
On 24 April 2016, the Ministry of External Affairs (India) denied Mallya’s visa, and he left the Rajya Sabha on 2 May 2016, the day preceding their Ethics Committee was set up to suggest his ejection. Presently the Enforcement Directorate is looking for Interpol to raise a worldwide capture warrant against Mallya.
Likewise, the High Court of Judicature at Hyderabad gave a non-bailable warrant against Mallya on 13 March 2016 for his inability to show up in the court concerning a claim of swindling the GMR Hyderabad International Airport Ltd by giving them an ashamed check for ₹50 lakh (US$70,000).
On 13 June 2016, the Prevention of Money Laundering Act (PMLA) court announced Mallya a “declared guilty party” on a solicitation by the Enforcement Directorate (ED) regarding its tax evasion test against him in an asserted ₹9000 crore credit default case.
Mallya co-possessed the Formula, One group, Sahara Force India from 2007 to 2018. In the 2018 F1 season, Sahara Force India went into an organization because of budgetary difficulty. In August 2018 the group’s benefits were bought by Racing Point F1 Team and kept on hustling under the Force India name for the rest of the 2018 season. He is additionally known for having dispatched Kingfisher Airlines, a significant undertaking in 2005 that later got ruined and was closed down in 2012.
On 18 April 2017, Vijay Mallya was captured by the UK Metropolitan Police removal unit “for the Indian experts according to allegations of extortion”, and was delivered on bail awaiting additional thought of the case. On 9 May 2017, the Supreme Court of India saw Mallya as liable for disdain of court and called him to show up on 10 July. At the point when he neglected to show up, the Supreme Court said the hatred case would just continue further after he is created under the watchful eye of the court.
Vijay Mallya excused the procedures against him – considering the circumstance a “witch chase”. He said “I have done nothing incorrectly. Indeed I am happy that it is at last under the steady gaze of a UK court and a fair court. So we sit back and watch how it happens.” In the interim, he isn’t permitted to leave Britain, yet he said that is no difficulty for him. He said “There’s nothing to miss” for him about India since his close family has all moved to England or the United States.
On 3 October 2017, Mallya was captured as a major aspect of a tax evasion case in London and was delivered on bail.
An appeal to remove Vijay Mallya from Britain was recorded on charges of bank misrepresentation assessed at Rs. 9,000 crore. The last hearing on removal will be held at the Westminster Magistrate’s Court on July 31.
Mallya is on bail since his capture on a removal warrant in April 2017. Vijay Mallya is battling a removal case in the UK. On 16 June 2018, Vijay Mallya was requested to pay £200,000 (Rs. 1.81 crore) to Indian banks by a United Kingdom court. He was additionally solicited to pay cash towards enrollment from the overall freezing request and of Karnataka’s Debt Recovery Tribunal (DRT).
Vijay Mallya needs to satisfy obligations to 13 banks to be specific SBI, BOB, Corporation Bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, J&K Bank, Punjab and Sind Bank, PNB, State Bank of Mysore, UCO Bank, UBI, and JM Financial Asset Reconstruction Co. Pvt Ltd. The consortium endeavored to pick up ownership of Mallya’s £20 million property on Cornwall Terrace in London, yet Vijay Mallya asserted it was claimed by his mom.
UBS went to court in 2018, trying to oust Mallya, his child Sidhartha and his mom Lalith from Cornwall Terrace. A preliminary was set for May 2019. The preliminary didn’t proceed since Vijay Mallya drew up a settlement with UBS. As indicated by the provisions of the understanding, Vijay Mallya can stay in the property and if the home loan isn’t reimbursed by April 2020, UBS has a privilege to prompt belonging.
Mallya should likewise pay the enthusiasm of £820,333 collected up to April 2019 or more any further sum accumulated up to 1 May 2020. He was additionally educated to pay legitimate expenses of £1,047,081 and recipients’ expenses of £223,863. In December of 2018, the court decided that he can be removed to India to confront extortion examinations. In July 2019, Vijay Mallya was conceded authorization to engage London’s High Court against his removal. In April 2020, The request record by Vijay Mallya against his removal to India was dismissed by the London High court.
Vijay Mallya loses the last allure against removal. Vijay Mallya had documented an allure in the UK Supreme Court prior in May 2020 in the wake of losing an allure in the London High Court against a removal request to India on supposed charges of misrepresentation and tax evasion identified with unrecovered credits to Kingfisher Airlines. It is said that he could be removed in the next 28 days.
Vijay Mallya was named in the Panama Papers and Paradise Papers released secret records identifying with seaward speculation.
Vijay Mallya has gotten a few expert honors both in India and abroad:
Privileged level of Doctorate of Philosophy in Business Administration, by the Southern California University for Professional Studies (1997).
“Officier de la Légion d’Honneur” (at some point before 2012), a high honor of acknowledgment in France (at some point preceding 2014).
“Worldwide pioneer for tomorrow”, World Economic Forum (at some point before 2014).
“Businessperson of the Year” grant at The Asian Awards (2010).
John Kluge Networth
John Kluge, The German-American merchant (September 21, 1914 – September 8, 2010) became a billionaire in the US television industry. He was once the wealthiest individual in the United States.
The early life of John Kluge
John Kluge was born to a Presbyterian family in Chemnitz, Germany, and emigrated to the United States in 1922. He received his B.A. The University of Columbia graduated in economics in 1937. Kluge attended Wayne State University for two years before attending Columbia University. His ancestry was Scottish-Irish, English, and German.
John Kluge served in underground P.O. during World War II. Box 1142 External Interrogation Center, D.C.
Metromedia and Metromedia Company
In the mid-1950s John Kluge’s main move into the media was to buy stocks in the Metropolitan Broadcasting Corporation. The Metropolitan Broadcasting Corporation succeeded the DuMont Television Network that, when the television network came to an end in 1956, was spun off from the DuMont Laboratories.
Metropolitan Broadcasting consisted of two stations, WABD in New York City and WTTG in Washington, D.C., which now operates as independent stations, both former DuMont outlets. As its Board Chairman and largest shareholder, John Kluge joined the company in 1958, acquiring the bulk of its shares by Founder Allen B. DuMont for approximately USD 6 million.
After gaining control in 1959, John Kluge started to expand into broadcasting with TV and radio holdings. In the early ’60s, Kluge acquired an outdoor advertising company and, in 1961, Metromedia was renamed to reflect its diversity.
In 1986, John Kluge sold 20th Century Fox (then ruled by the News Corporation) the Metromedia television stations, at $4 billion. Later on, these stations would form the core of Fox’s television network (spun off from News Corporation/20th Century Fox with Fox Corporation decades later). Forbes ranked Kluge as the richest man in America the following year.
The management of Metromedia under orders from Kluge destroyed the videotapes in retaliation for a prosecution brought against Paul Winchell, who sought rights to his children’s television program, “Winchell-Mahoney Time.” Later, Winchell was awarded almost $18 million to compensate for the capricious behavior of Metromedia.
Following the disposal of Fox, the activities of Kluge have been carried out by a private company called Metromedia Corporation with Stuart Subotnick as a partner. Metromedia’s most recent activities include East European, the Commonwealth of the Independent States, and China telecom/cable/radio ventures, via the Metromedia Group and Metromedia Fiber Network, a fateful US telecommunications backbone operation.
In July 2008, the Metromedia Restaurant Group, which belongs to the Metromedia Company, closed more than 300 restaurants in Bennigan, Steak, and Ale. The original team operators of the New York / New Jersey MetroStars Major League Soccer franchise were also Kluge and partner Stuart Subotnick.
John W. Kluge Center
To mark its 200th anniversary, John Kluge donated an incredible $60 million to create the John W. Kluge Center at the Congress Library. It was designed as an academic center where active senior scholars and post-doctoral fellows may gather to utilize the incomparable collections of the library and engage with members of the US Congress. Besides, his donation will be awarded a $1 million reward, equivalent to the Nobel Prize in Literature and Economics, for the achievement of life in the Humanities. The Kluge Award will reward the academic success of life in the same way that the Kennedy center awards recognize the performing arts of a lifetime.
University of Columbia
Kluge gave Columbia University over $510 million. Kluge donated over $110 million to Columbia University between 1987 and 1993, acknowledging the scholarship funds he was able to attend, mainly to offer financial assistance to undergraduates from disadvantaged backgrounds. His donations also allow many of these students to pursue their doctoral studies after they graduate through funding.
On April 11, 2007, Lee C. Bollinger, Chairman of Columbia University, announced a donation from Kluge of 400 million dollars to the University upon the donor’s death. This donation is the fourth largest contribution to a higher education organization in the United States, all for financial support. This is the biggest commitment ever to assist students solely of any individual higher education institution in the United States.
In December 1997 John Kluge donated to the University of Virginia his world-class collection of autochthonous Australian paintings. This donation led the University of Virginia to create the Kluge-Ruhe Aboriginal Art Museum, the first museum in the U.S. to study and present Aboriginal Australian art and culture.
In 2001, Kluge donated his 7,378 acres (29.86 km) estate to the University of Virginia in Albemarle County, Virginia. The land, worth over $45 million, was the largest donation in the history of the University. UVa held workshops and seminars in different buildings and on the Morven Farm to ensure that land grants are included in their different courses. Many developments are underway to enhance the farm and make it part of Charlottesville’s landscape.
In 2009 he contributed $3 million to the University to promote compassion at the end of life.
Kluge was a collector and owner of works by famous artists, including Clifford Possum Tjapaltjarri.
Kluge was awarded the Golden Plate Award in 1983 by the American Academy of Arts.
Four times, Kluge was married. Theodora Thomson Townsend, his first wife, Yolanda Galardo Zucco, Patricia Maureen Rose, and Maria Tussi Kuttner, was his second. In the 1990 divorce settlement, Patricia Kluge retained her estate in Albemarle, which was converted into award-winning viticulture and winery that opened in 1999.
She borrowed 65 million dollars in loans and mortgaged the mansion to fund the expansion of production and a related real-estate company. Kluge had three daughters, Joseph, whom he accepted, Samantha, Zucco, Jr, and Rose, Jr. It also had two steps, Diane and Jeanette Brophy, and Peter Lockwood Townsend, who remained a part of his life until his death. He lived with his fourth partner, Maria Tussi Kluge, at his death in 2010, in New Rochelle, New York, Virginia, and Palm Beach, Florida.
Denis O’Brien Networth
Denis O’Brien (born 19 April 1958) is an Irish multi-billionaire and Communicorp ‘s founder and owner. In 2015 he was among the top 200 billionaires in the world and also the wealthiest native citizen of Ireland.
O’Brien also included aviation rental (Aergo Capital), utility support (Actavo), petroleum (Topaz Oil, until 2016), and football ( soccer)
Which he retained as a minority shareholder in Celtic F.C .. O’Brien had an insufficient effect on the Moriarty Tribunal’s decision to grant the Esat Digifone consortium, which it led.
Early life of Denis O’Brien
O’Brien was born in Cork City and grew up in Dublin’s Ballsbridge district. His father was a veterinarian salesman and he always accompanied his dad on business trips, where he learned how to “sell and present.” He attended High School in Rathgar and while his potential for rugby was stopped due to disciplinary issues, he was called back so he could play in a school championship.
He studied philosophy, history and logic and graduated in 1977 from the University College Dublin. In 1982 he graduated with an MBA in Corporate Finance from Boston College while attending UCD. After returning to Dublin, he worked at a local bank as an assistant manager, but he resigned and became a personal assistant to Tony Ryan, the owner of an aircraft rental business.
O’Brien has been in information technology and mass media sectors for the most part of his career. He was also a part owner of energy firms, aerospace companies and manufacturing services.
O’Brien is the director of Communicorp, a European media holding firm. It began its business in Ireland in 1989 with independent radio stations, such as the Newstalk and Today FM, which spread to markets in Eastern European countries and later sold some of its stations to local operators. In 2014, Communicorp expanded into the UK and bought eight radio stations nationwide; in 2017, Communicorp transferred its UK radio stations to a new independent corporation, Communicorp UK, 98 per cent of which were owned by O’Brien.
Telecom Esat and Digifone Esat
In 1991, in rivalry with the state-owned Telecom Eireann, O’Brien set up a telecommunications consortium known as Esat Telecom. Esat founded Esat Digifone in collaboration with Telenor, Norwegian state telecom operator, which successfully applied for the second GSM mobile licence in Ireland. Circumstances surrounding Esat Digifone’s licencing became the focus of the Moriarty Tribunal.
The first public bid was conducted by Esat Telecom Group plc on 7 November 1997 and coded in the Irish Stock Exchange, the London Stock Exchange and NASDAQ. In 2000, Telenor bid the company for ownership, but O’Brien sold it to BT, which was reportedly €250 million out of revenue.
Capital of Aergo
In 1999, O’Brien co-founded Aergo Capital aircraft rental company, of which he held an 80 % stake. From its establishment until 2014, Aergo has traded more than 150 aircraft worth over €791 million (around $1 billion) grossly. O’Brien and his partner, Fred Browne, sold the company in October 2014 to the United States investment company CarVal; Browne remained the new company’s chief executive officer.
Independent Media and Reporting
O’Brien started buying shares of Independent News & Media (INM) in the late 2000s, and subsequently spent € 500 million to collect 29.9 percent of its shareholdings. O’Brien confronted the management board, particularly former owner Tony O’Reilly, who retired as CEO in 2009 and sold much of his INM shares in 2014. The second largest shareholder at the time, O’Brien and Dermont Desmond, sold their shares to the Belgian media company Mediahuis in April 2019; O’Brien earned €43,5 m as part of the contract.
While he never had a majority interest in INM, O’Brien was frequently accused of controlling the company significantly. In 2014, it was reported that Stephen Rae, a group editor at INM, ordered amendments to a column containing a reference to O’Brien from Sunday Independent editor Anne Harris. In 2015, Paul Meagher, an O’Brien lawyer, allegedly applied in 2012 to INM Attorney Simon McAleese in order to block an environmental affairs affair, Phil Hogan.
In March 2018, the Office of the Director of Corporate Compliance (ODCE) in Ireland appointed independent news and media inspectors to investigate an alleged data infringement in the High Court of Ireland. According to an affidavit submitted by the ODCE, Blaydon Limited discharged invoices for data interrogation.
Independent News & Media was sold to the Belgian Mediahuis group in June 2019, and de-listed from Euronext Dublin, thus ending the group participation of O’Briens. It has been estimated that he has lost over €450 m of his INM investment in total.
The digital dialect
In 2001, O’Brien founded the Caribbean, South America and Asia Pacific telecommunications business Digicel. O’Brien used Digicel to create a wireless network in Jamaica with cash from his sale of Esat Telecom. Digicel extended into the South Pacific in the same year. Digicel worked in 31 countries as of 2019.
O’Brien has founded the Digicel Foundation along with Digicel, which has been partnering with local groups to improve community programmes, establish schools and health facilities, and encourage recovery. Following the earthquake in Haiti in 2010, O’Brien promised € 3.5 million to fund recovery efforts. In 2012 , President Michel Martelly of Haiti awarded the Order of Honor and Merit of O’Brien for his investments, achievements, and promotion to the region, and in 2015 O’Brien was awarded honorary membership for his service of the telecommunications industry in the country to the Order of Jamaica.
Digicel was involved in a big court struggle during the 2000s against the Jamaican Office of Utilities Control (OUR). The issue originally arose following Phillip Paulwell, the then Minister of Business , Trade and Technology of Jamaica, who instructed OUR to avoid intervening in Digicel’s pricing policies after DIGICEL had instructed itself to amend its interconnectivity charges.
Though Paulwell was ruled unconscious of having the power to give the instruction OUR, Digicel appealed the ruling without success at the Supreme Court of Jamaica, which overturning the ruling but was subsequently upheld by the Court of Appeal following a counter-appeal by OUR and at the Privy Council of Jamaica.
In January 2014 the telecommunications correspondent of the Financial Times wrote about O’Brien’s aim of extending Digicel to include mobile and fixed-line networks for the next generation, with O’Brien quoted as being inspired by the possibility of ‘a shift in world order.’
In 2012 O’Brien acquired IBRC for €45 million from Siteserv, a provider of utilities; in 2015, it was renamed Actavo. Actavo was purchased and managed on the Isle of Man by the O’Brien business Millington.
In 2016, Actavo expanded to the United States by purchasing a structural engineering company, Atlantic Engineering Services. Actavo has assisted in the construction of Digicel’s fibre networks in the Caribbean.
In December 2013, O’Brien acquired the Irish Bank Resolution Company € 300 million in debt owed by Topaz Oil. In December 2014, Kendrick Investments, Topaz ‘s parent company , announced it will buy all of Esso ‘s Irish operations.
Alimentation Couche-Tard, a Canadian convenience store, announced in December 2015 that it was preparing to purchase Topaz. The sales were concluded in February 2016; Topaz employed over 2000 people and at the time of sale almost 35 percent of Ireland’s consumer market.
Career economic and financial
O’Brien, along with Bill Gates and George Soros, participated in the winter meeting of the World Economic Forum in Davos, Switzerland.
O’Brien was appointed Director of the Bank of Ireland in 2000 and Deputy Governor of the Bank in September 2005. In September 2006 he resigned as deputy governor as well as as a member of the court of the bank (board). O’Brien is said to have resigned because of increased demands in connexion with his foreign business interests.
Between 2008 and 2016 O’Brien given up to € 12 million for paying salary of senior officials in the organisation, including Giovanni Trapattoni, to the Football Association of Ireland (FAI). O’Brien has been named Honorary Life Chairman of the Ireland Football Association (FAI) in 2018.
In 2006, O’Brien bought a 2.82% stake in Celtic F.C, based in Glasgow. Martin O’Neill, former boss. O’Brien officially increased its stake to 13 percent by June 2018.
O’Brien acquired Planal SA in 1998, the holding company for the golf resort Quinta do Lago in Portugal.
O’Brien sponsored the 2003 World Summer Special Olympics Games, which he served as Chairman of the Organizing Committee and later as Chair of the Patrons Board.
O’Brien is a director of Concern Worldwide, a humanitarian relief agency, on the United States Board.
O’Brien worked in partnership with the Clinton Global Initiative (CGI). After the 2010 Haiti earthquake, O’Brien worked on reconstructing the Iron Market in Port-au – Prince along with the CGI Haïti Action Network and Digicel Haiti Foundation. O’Brien was elected Mayor Jean Yves Jason in 2010 Ambassador of Goodwill for the City of Port-au – Prince, Haiti who cited O’Brien’s disaster recovery assistance after the earthquake.
In 2012, O’Brien was awarded a Clinton Global Citizen Award by the former United States. President Bill Clinton, largely because of his contributions in disaster relief in Haiti. In the 18 months following the earthquake, he also contributed to the development of 50 primary and secondary schools. In September 2016, Republican President Donald Trump then sent an e-mail to condemn the relationship between Hillary Clinton and O’Brien, on which O’Brien refused to comment.
O’Brien was a Trilateral Commission member. O’Brien contributed €2.500 to the Irish presidential election campaign of independent candidate Mary Davis in 2011.
Relationship with the media
In 2012, O’Brien reportedly threatened Vincent Browne’s journalist and broadcaster for comments that O’Brien claimed were defamatory in Browne’s papers. The Sunday Independent dismissed the lawsuit as a “fear of financial disaster.”
In February 2013, O’Brien sued the Irish Daily Mail for defamation of his various storeys in RTÉ about relief efforts following the earthquake in Haiti. O’Brien won €150,000 from the court. The case was the first time since the defamation law in 2009 was enforced, a journalist had sought to use truthful opinion advocacy before a jury at the High Court.
In August 2015, Colm Williamson, the editor-in – chief of the satirical Waterford Whispers News website, received instructions from O’Brien to delete a satirical article about O’Brien. Lawyers for O’Brien have requested that Broadsheet.ie reproduce the article.
In 2019, O’Brien launched a campaign to defame the Sunday Business Post about the articles written in the March 2015 newspaper. The reports, which reported on a confidential Price WaterhouseCoopers (PwC) study to the Government on the disclosure of Ireland’s banks in 2008 in November 2008, listed O’Brien as one of Ireland’s 22 largest creditors in 2008.
O’Brien argued that the articles defamed him and hurt him and also alleged that the publishing was malicious. In the defendant’s favour, the jury ruled the case dismissed with a cost order against O’Brien.
O’Brien married Catherine Walsh in August 1997, who helped Communicorp develop into the Czech Republic and who used to be the marketing manager for independent radio sales. The couple ‘s got four kids.
O’Brien set up the Iris O’Brien Foundation in June 2000, named after his wife, through which he co-ordinates much of his philanthropic activities. UCD awarded an honorary doctorate to O’Brien in 2006.
Wealth and residences
Forbes predicts O’Brien ‘s fortune at around $3.2 billion by February 2020.
Some time after his purchase of Quinta do Lago in 1998, O’Brien sold his house in Dublin before the sale of Esat Telecom to BT in 2000 and established a primary residence in Portugal. Media reports have indicated that the move was instigated by an established capital gain tax exemption in the Irish-Portuguese tax treaty, which supposedly saved O’Brien approximately 63 million euros in tax.
During the flotation of Digicel on the New York Stock Exchange, O’Brien ‘s residential address was listed on a March 2006 filing to the Companies Registration Office (CRO) as Sliema, Malta. While O’Brien kept quiet about his change of address, the media reported that the lack of property or income taxation on the Mediterranean island was the main reason.
Mo Ibrahim Networth
Mo Ibrahim, full-time Mohammed Ibrahim (b. 1946, Sudan), Sudan-born British entrepreneur and philanthropist who founded one of Africa’s largest cellular telephony companies and established the Ibrahim multi-million – dollar Africa Leadership Achievement Award.
Ibrahim, the clerk’s uncle, grew up in Sudan. He moved to Egypt with his family to obtain an engineering degree from the University of Alexandria.
He went back to Sudan to work as an engineer for Sudan Telecom, the state-owned telecommunications company.
He moved to England in 1974 where he graduated from Bradford University in Electronics and Electrical Engineering and from Birmingham University in motive communications, where he also taught.
The Sudanese-British milliardaire businessman is Mohammed “Mo” Ibrahim, born on 3 May 1946 and born on 3 May 1946. It worked for many telecom companies before forming Celtel, which sold in 14 African countries had more than 24 million mobile subscribers.
After selling Celtel for 3,4 billion dollars in 2005, he founded the Mo Ibrahim Foundation to promote better governance in Africa and develop a Mo Ibrahim Index to assess the output of nations. He is also a member of the London Business School Regional Advisory Board for Africa.
In 2007, he introduced the Mo Ibrahim Award for African Leadership, awards $5 million for the initial payment and an annual life payment of $200,000 to African Heads of State providing their constituents with stability, health, education, and economic development, and democratically transferring power to the next generation. Ibrahim vowed to give charity at least half his wealth by entering The Donation Pledge.
According to the Billionaire List of Forbes 2011, Mo Ibrahim is worth $1.8 billion, making it the world’s 692nd richest individual. Mo Ibrahim was also chosen for the Period “Top 100” ranking in 2008, ranking first in the prominent Black Britons’ annual Powerlist.
He was born on 3 May 1946, of Nubian descent in north Sudan, the second of five children, four children being boys. When he was young, his family moved to Alexandria, Egypt, and Fathi Father was employed by a cotton company, and Aida’s mother was very eager to get a good education for all.
Ibrahim received a bachelor’s degree in electrical engineering from Alexandria University. He returned to Sudan and began working for Sudan Telecom, the telecommunications company. He moved to England and received a master’s degree in Electronics and Electrical Engineering at the University of Bradford and a Ph.D. in Mobile Communications from the University of Birmingham.
In 2007 Ibrahim received an honorary Ph.D. from the School of Oriental and African Studies of the University of London and an honorary Doctorate from the University of Pennsylvania in 2011.
In 2008, Ibrahim ranked first on the annual power list of the most powerful Black Britons, and is claimed to be the “most stronger Blackman in Britain.”
Ibrahim was for a time employed by British Telecom and was later appointed technical director of the British Telecom subsidiary Cellnet.
Ibrahim taught telecommunications undergraduate courses at Thames Polytechnic in the early 1980s, which later became Greenwich University.
In 1989 he founded MSI, a software and consulting business that was purchased by the Marconi Business in 2000. The company initially helped the wireless industry to establish its networks before mobile phones were pushed into the late 1990s. MSI hired 800 people, who had about 30% of its stock at the point of sale; Ibrahim says that he gave the workers stock as a bonus.
In 1998, MSI split into Africa MSI-Cellular Investments, later called Celtel.
After many years, when Celtel needed a long-term capital source, they thought about an IPO on a reputable stock exchange, such as the London Stock Exchange. When it became public that they considered a public bid, they were given several alternatives. Many of them wanted to purchase the business, and Ibrahim and his team agreed to sell Celtel to the mobile telecommunication company (now Zain) based in Kuwait in 2004.
Since 2010, Ibrahim has given funding to the Digital Development Broadband Committee, an effort by the UN to disseminate the full benefits of broadband networks to unconnected communities.
Mo Ibrahim Foundation
Ibrahim founded the Mo Ibrahim Foundation in London in 2006. The Foundation launched in 2007 the Mo Ibrahim Award for African Leadership, with former President Joaquim Chissano of Mozambique as its first recipient.
It publishes the Ibrahim African Governance Index, which rates all 54 African countries. Until 2009, the index only took account of the 48 Sub-Saharan African nations.
The Foundation runs bursary services at Birmingham University, SOAS, and the London Business School. These bursaries deal with International Development at the University of Birmingham, African Development Governance at SOAS, and an MBA at the London Business School. The bursaries are opened to African candidates, Master’s, and postgraduates alike.
In 1973, Ibrahim married Hania Morsi Fadl, a graduate of Alexandria University, who he has known since his childhood. They are now divorced and Fadli is a Sudanese British radiologist who runs Sudan’s only breast cancer clinic.
There is a daughter, Hadeel Ibrahim, executive director of the Mo Ibrahim Foundation, vice president, Clinton Foundation board member, and two sons Hosh and Sami Ibrahim.
Ibrahim is living in the UK.
Sunil Mittal Networth
Sunil Mittal was born on 23 October 1957. He is an Indian milliardaire businessman, philanthropist, founder, and chairman of Bharti Enterprises, who, in addition to other enterprises, has diverse interests in telecommunications, insurance, real estate, education and food.
Bharti Airtel, a leading group firm, is one of the world’s largest and Indian second-largest telecommunications firms with over 399 million customers in 18 countries across Asia and Africa.
In FY2016, Bharti Airtel reported revenues of more than US$ 14.75 billion. Forbes is the 6th richest person in India and has a net income of 11.6 billion dollars.
In 2007, he was awarded the third-highest civil honour of India, Padma Bhushan. He was elected Chairman of the International Chamber of Commerce on 15 June 2016.
The early life of Sunil Mittal
Born in a Baniya household, Sunil Mittal was born. His father was a parliamentary member, Rajya Sabha (Indian National Congress) from Ludhiana, Punjab. He was elected for two terms (1976 & 1982) from Punjab and nominated once (1988) to the Rajya Sabha.
He entered Mussoorie’s Wynberg Allen School for the first time, then attended Gwalior’s Scindia School and, in 1976, graduated from the Panjab University, Chandigarh, with a Bachelor of Arts and Science in Arya, Ludhiana. In 1992, his father died of heart arrest.
Sunil Mittal, a first-generation entrepreneur, opened his first company in April 1976 at the age of 18, borrowed from his father, investment capital of €20,000 (US$ 280). He first produced crankshafts for local bicycle manufacturers.
He started an import enterprise called Bharti Overseas Trading Company in 1980, along with his brothers Rakesh Mittal and Rajan Mittal. He sold his parts for bicycles and yarn and moved to Mumbai. In 1981, he bought import licences from Punjab exporting firms. He then imported thousands of portable electricity generators from Suzuki Motors from Japan. The then Indian Government abruptly banned the import of generators.
In 1984 he started manufacturing push-button phones in India, formerly imported from a Taiwanese firm, Singtel, replacing the then-used, voluminous, old-fashioned, rotular telephones. Bharti Telecom Limited (BTL) has been integrated with and entered into a technical relation for the manufacture of push-button telephones with Siemens AG of Germany.
At the beginning of the 1990s, Sunil was producing fax machines, cables and other telecommunications devices. Sunil says, “In 1983 the government put an exit ban on importing gensets. I was out of business instantly and everything I had done stopped. I was in trouble. The question then was, what was I to do next? Then the time came for a call. I saw the success of the push-button phone when I was in Taiwan – which India had not seen at that time. He called ‘Mitbrau’ his first push-button phones.
In 1992 he successfully offered one of India’s four mobile network licences. The Delhi cellular licence requires that the consumer has some experience as a telecommunications operator. Mittal reached an agreement with the French telecommunications company Vivendi. He was one of the first Indian entrepreneurs to recognise the mobile telecom market as a significant area of development.
His plans were finally approved in 1994 by the government and in 1995, in Delhi, he launched services by Bharti Cellular Limited (BCL), which in 1997 was established with entrepreneur Leena Jaitley to provide cellular service under the AirTel brand name. In just a few years, Bharti became the first telecommunications firm to reach the mobile subscriber mark of 2 million. In India, Bharti also reduced cellular STD / ISD rates under the brand name ‘India one.’
The prospect of acquiring MTN Group, a South African telecommunications firm with coverage in 21 countries in Africa and the Middle East was discussed in May 2008 by Sunil Bharti Mittal. The Financial Times announced that Bharti plans to offer a total share of US$ 45 billion in MTN, which is the largest acquisition ever made by an Indian company in the world.
But the cautious existence of the talks is stressed on both sides, although The Economist magazine states that “if anything, Bharti will marry up,” with MTN getting more subscribers, higher sales and greater regional reach. The discussions, however, failed as the MTN group attempted to undo the talks by making Bharti a new company subsidiary. Bharti Airtel again reported in May 2009 that the proposed deal was addressed exclusively by MTN and companies decided to do so by 31 July 2009. Talks ended without agreement, with reports claiming that it was the South African Government’s opposition.
In June 2010, Bharti, led by Mittal, purchased Zain Telecom’s African business at $10.7 billion (business value), making it the largest acquisition ever by an Indian telecommunications company. Bharti joined Wal-Mart, the American retail giant, in 2012 to open a range of retail stores in India. Bharti plans to buy Loop Mobile for INR 7 billion in 2014, but the deal was stopped later. The CEO and founder of Hike Messenger is his son Kavin Bharti Mittal.
As a Manager of Merrill Lynch in New York and Ernst & Young in London, Mittal’s son, Shravan Mittal, joined Bharti Airtel as of September 2010.
In 2012, Sunil Mittal brought the initial IPO of Bharti Infratel to the public, raising $760 million. Mittal said that sales, which many consider being only a moderate achievement, were “strongly funded by professional investors.” The Board was restructured before the IPO and Mittal remained President and Managing Director. After the IPO, Bharti Infratel’s shares fell sharply at the beginning of trading.
In 2013, Sunil Mittal was ordered to appear before a special court in Delhi to address questions concerning the additional airwaves for some businesses. Mittal claims are that there was coordination with the government’s main telecoms officials to secure an additional spectrum illegally. No charges have been brought against Mittal, but the judge of the trial court has found there is ample record of the proceedings.
By the end of 2013, Sunil Mittal revealed that it was acquiring Warid Congo, making Bharti Airtel the Republic of Congo’s largest telecoms provider.
In 2015, Sunil Mittal revealed that he will join the board of the Online Space Company OneWeb. Mittal was a participant in the $500 million Coca-Cola, Virgin and Qualcomm investment round.
In 2016, Sunil Mittal made changes at Bharti Airtel to allow the company to succeed in the race to become India’s largest telecoms company against the launch of Reliance Jio Infocomm Ltd.
In 2017, Sunil Mittal declared an “attack on roaming” by dismantling calls in India and international roaming charges.
Awards and recognition
Padma Bhushan, Indian Government, 2007
NDTV Market Leader Awards Transforming India Leader
Award of the Founder of the GSM Association, 2008
Asia Annual Businessman, Fortune Magazine, 2006
Telecom Person of the Year, Magazine for Voice & Data (India) 2006
2006 CEO of the Year, ICT Awards for Frost and Sullivan Asia Pacific
2005–06, Industry Standard CEO of the year
Telecom Asia Awards, Best Asian Telecom CEO, 2005
Best C.E.O, India, Investor, 2005
Economic Times, Company Leader of the Year, 2005
Asian Awards Philanthropist of the Year Award, 2010
Company Leader Award INSEAD, 2011.
Doctor of Science (D.Sc.) Honoris Causa Degree, Amity University Gurgaon, 2016.
Doctor of Science (D.Sc.) Honoris Causa, Shri Mata Vaishno Devi University, Katra, J&K, 2018.
ESCP Business School, ESCP Europe, Paris. Doctor Honoris Causa, 2018.
Sunil Bharti Mittal, Global Mobile Industry Chairman of the GSMA Board for his work on the Global Mobile Industry, 2019
Sunil Mittal also worked to educate India through the Bharti Foundation, Bharti’s philanthropic arm. The Foundation has established schools in villages across India and provides free quality education for poor children with free books, uniform and midday meals.
Satya Bharti School Program – 254 schools in six countries serve 45,000 rural children at no cost to the Foundation’s flagship programme. More than 350,000 underprivileged children in the 11 states are currently being reached through other educational initiatives such as the Satya Bharti Academy, the Quality Service and the Learning Centre programmes. The Foundation’s other initiative has a huge effect on the underprivileged parts, ‘Satya Bharti Abhiyan.’
In 2017, the Bharti Family dedicated 10 per cent (approx Rs 70 billion) of wealth to Philanthropy to create the world-class university of Satya Bharti, which would give education to young people in economically weaker sections of society.
Ren Zhengfei Networth
Ren Zhengfei, Chinese businessman and engineer, is Ren Zhengfei (Pinyin: Ren Zhengfæi, born on October 25, 1944). He is the founder and CEO of Huawei, Shenzhen, the world’s biggest telecommunications system maker, and the second-largest smartphone producer. He had a net value of US$ 1.3 billion by February 2019.
Ren Zhengfei is an engineer and businessman from China, best known as the founder and CEO of ‘Huawei,’ the world’s largest telecom and mobile infrastructure maker.
Ren Zhengfei’s ‘Huawei’ took over ‘Apple’ in the first quarter of 2019 and became the second-largest smartphone maker after ‘Samsung.’ Initially, Ren Zhengfei was not educated in communication or electronics.
Early life of Ren Zhengfei
Ren was born in Guizhou Province, Zhenning Province. His grand-father Ren Sanhe was the master chef, an Indian Village (two), Pujiang District, Zhejiang ham curing specialist. His father, Ren Mushing, the name Moxun, did not finish university studies when his grandfather died one year before graduation.
During the Japanese occupation, his father went to Guangzhou to work as an accountant in a Kuomintang weapons factory. After 1949 his dad was named president of the Duyun No. 1 Mid school, where he met Cheng Juanzhao, Ren’s mother; Ren’s elder became a Communist Party member in 1958. His mother was a senior professor in Duyun No. 1 Middle School. Ren has five sisters younger and one brother younger.
Ren attended the Chongqing Institute of Construction Engineering (now Chongqing University) in the 1960s after completing his secondary education, then entered the PLA Research Institute as a military technologist, possibly at the PLA Information Technology Research Unit.
The autobiographical story of Ren in his eventful life is very enlightening. Ren was barred from entering the Communist Party of China, due to the social history of his parents and connexions to the Kuomintang, for much of his 9-year military career.
During that time, Ren was responsible for a variety of technical advances recognized at different levels. Ren was then chosen as PLA delegate to participate in the 1978 National Science Conference. In 1983, Ren resigned from the army because of a significant reduction in the PLA workforce, which affected 500,000 active employees. Ren moved to Shenzhen after becoming a civilian and worked in the electronics industry.
Although Ren Zhengfei had a rich and varied career in his 30s and early 40s, he was often known for his choice in 1987 to create a service provider for the fast-expanding private telephone market in China.
Given China’s anti-Western, anti-technical attitudes, which prevailed throughout China before the 1931 Japanese invasion, and the enormous degree of dislocation and poverty caused by the ensuing Sino-Japanese War (1937–45) and the formation of the PRC in 1949, China was technologically far behind the West.
They were especially behind when personal communications were infiltrated. Ren Zhengfei had a clear vision in 1987 that China was finally ready for a major leap in the field of personal communication, in terms of both rapid expansions of city landline use and the launch of the recently booming mobile “car telephony” technologies in Europe and America.
Huawei’s first deal with a Hong Kong-based importer was worth a mere $5,000. They were expected to resell, mount, repair, and operate the then-new digital switch exchanges in China. Ren Zhengfei was however committed to becoming a technology company and a retailer.
The primary skill of Ren Zhengfei seems to have been the ability to retro-engineer: to detach an existing product and learn what it does, how it is done, and how it was made. The next step is to figure out how to produce this kind of engineering better and cheaper. This region was in which Ren Zhengfei and ‘Huawei’ stood out.
Ren was able to retro-engineer an electronic tool that he had to test in a man-made fiber factory during his army life. This helped him to establish good terms with the ‘CPC.’ ‘Huawei’ was excellence in retro engineering in the early years, as Ren Zhengfei supervised the progressive expansion of the company’s own R&D skills.
In 1992, Ren forced ‘Huawei’ to create the C&C8 switch, sold at one-third of the price of the competition. This helped ‘Huawei’ to agree to some major public-sector technology deals through Ren’s now excellent connexions within the PCC. The future of ‘Huawei’ was thus secured, and Ren’s position as one of the leading technology leaders of the world in China was guaranteed.
Ren Zhengfei is now the Deputy Chief Executive Officer. However, it is not a revolving CEO and has 1,42 percent of Huawei’s shares, estimated at more than US$ 2,200 million in 2018. He had an estimated net value of US $3.3 billion as of February 2019.
Communist Party and military ties
The Indian Government has cited Ren’s relations with the Chinese military and the Communist Party as a security issue because Huawei failed to win some contracts in India. Some countries share these concerns. In the United States, it contributed to Huawei’s attempts to purchase 3Com, which forced the SoftBank to break close relations with Huawei to get the U.S. national security clearance from Sprint Nextel, and in the United Kingdom, the Intelligence and Security Committee suggested that the equipment of Huawei be excluded because of espionage.
Ren’s first wife, Meng Jun, was Meng Dongbo ‘s daughter, a former deputy governor of the province of Sichuan. They had two children: Meng Wanzhou ‘s daughter and Ren Ping’s son, both taking their mother’s surname. He married Yao Ling after their divorce, with whom he had another child, Annabel Yao, 25 years younger than Meng Wanzhou.
In December 2018, Annabel was a ballet dancer and student in computer science at Harvard University and debuted at the Le Bal des Débutantes in Paris in 2018. Ren married Su Wei, allegedly his former assistant, for the third time.
Despite being Huawei’s CEO, Ren supported Apple and claimed that “iPhone has a strong ecosystem and I still have iPhones while my family is abroad, so you can’t believe that love for Huawei could mean loving Huawei phones.”
Ren’s eldest sibling, Meng Wanzhou, is Huawei’s deputy chairwoman and CFO.
Masayoshi Son Networth
Masayoshi Son is a Japanese billionaire technology entrepreneur, investor, and philanthropist (born on 11 August 1957). He is the founder and CEO of the Japanese holding firm SoftBank, CEO of SoftBank Mobile, and President of the UK-based Arm Holdings.
Forbes estimated that Masayoshi Son’s net worth is 30 billion dollars, making him the second richest man in Japan.
By Forbes Magazine’s List of World’s Most Influential People, Masayoshi Son was named the 45th most mighty person in the world.
Masayoshi Son is 32nd in the Forbes list of The World’s Billionaires 2020 by July 2020 and second in Japan with an estimated net value of $30 billion.
Masayoshi Son was born in Tosu, a city on Kyushu Island in the eastern part of Saga Prefecture.
Masayoshi Son is a “Zainichi Korean” of 3rd generation, an ethnic Korean with permanent residence or citizenship in Japan
At the age of 16, Masayoshi Son moved from Japan to California in three weeks, taking the necessary tests at Serramonte High while living in South San Francisco with his friends and family. Masayoshi Son studied economics and computer science at the University of California, Berkeley. In love with a magazine-listed microchip, Son, 19, was optimistic that computer technology would spark the next commercial revolution.
His first business activities started as a student. With the help of several professors, Masayoshi Son developed an electronic translator, which he sold $1.7 million to Sharp Corporation. By importing used video gaming equipment from Japan, he earned another $1.5 million to credit and install them in dormitories and restaurants. Masayoshi Son followed his business interests by winning a meeting with President Den Fujita of Japan McDonald. Masayoshi Son started learning English and computer science on his advice.
Masayoshi Son graduated with a B.A from Berkeley. In Economics in 1980, Unison began in Oakland, CA, which Kyocera bought after. The family of Son had the Japanese nickname Yasumoto, and Son used this nickname as a child. He chose instead when he returned to Japan from the US, to use his Korean nickname and became a model for Korean ethnic children in Japan.
Yahoo! and Alibaba
Masayoshi Son was an early investor in internet businesses, bought Yahoo! shares in 1995, and invested $20 million in Alibaba in 1999. The SoftBank holding company of Son owns 29.5 percent of Alibaba, which on 23 October 2018 was worth around $108.7 billion.
While SoftBank’s interest in Yahoo! had declined to 7 percent, Son formed Yahoo! BroadBand with Yahoo! Japan in September 2001, in which he still owned managed interest. Masayoshi Son was forced to concentrate his attention on Yahoo!BB and BBPhone after a significant devaluation of SoftBank’s equity.
So far, SoftBank has accrued debts of approximately $1.3 billion. Yet, with 600,000 residential and 170,000 commercial customers, Bb acquired Japan Telecom, the third-largest broadband, and fixed-line provider. Yahoo! BB is now the leading provider of Japanese broadband. Son stepped down from the Alibaba board in June 2020.
In July 2016, SoftBank announced plans to buy Arm Holdings for £23.4 billion, the biggest ever acquisition by a European technology firm. SoftBank announced in September 2016 that the transaction was complete. The overall purchase price was around £24 billion ($34 billion).
Masayoshi Son purchased a 76 percent share of Sprint through its SoftBank assets. SoftBank has further accrued Sprint shares to approximately 84%.
Investment in solar power
Masayoshi Son blamed the nuclear industry in reaction to the Fukushima Daiichi disaster in 2011 for creating “the issue that most worries Japanese today” and investing in a national solar energy network for Japan. The announcement in March 2018 was that Son will invest in the largest solar project ever, a 200 GW creation scheduled for Saudi Arabia as part of its 2030 Vision.
In July 2018, coverage announced that by 2027, Son will “write up to a majority of 100 GW” of the 275 GW expected renewable supply in India.
Masayoshi Son met his wife, Masami Ohno, at college. They’ve got two kids. He lives in a 3-story manor house in Tokyo worth $50 million and has the equipment to replicate the weather and temperature of the world’s best golf courses.
He also purchased a home in Woodside, California near Silicon Valley, for 117 million dollars. He owns the professional Japanese baseball team Softbank Hawks.
Masayoshi Son is the second oldest of her siblings and has three children. His youngest brother, Taizo Son, is a serial entrepreneur and investor who founded GungHo Online Entertainment and the Mistletoe corporate risk capital business.
In 2011, Masayoshi Son promised to donate 10 billion yen to help victims of the 2011 Tōhoku earthquake and tsunami and his remaining pay before retirement.
Vision Fund Investments
Soft Bank’s $100 billion Vision Fund, an investment vehicle, invests in new technologies such as artificial intelligence, robotics, and the Internet of Things. The goal is to double its AI portfolio from 70 to 125.
It also invests in companies to revolutionize the land, transport, and retail market. Son has personal ties with the CEOs of all Vision Fund-funded businesses. Son plans to raise $100 billion every few years for a new fund and spend around $50 billion annually in startups.
A second Vision Fund is currently underway for $108 billion, of which Softbank itself will contribute $38 billion. In 2020, the Fund invested in 88 companies, including the Snatch, Coupang, and Paytm riding companies.
Ma Huateng Networth
Ma Huateng is a Chinese corporate magnate, businessman, and philanthropist, born on October 29, 1971. He is the founder, chairman, and managing director of Tencent, one of Asia’s most valuable firms, one of the world’s largest internet and technology firms, and the world’s largest finance, gaming and entertainment conglomerates.
Ma Huateng develops China’s largest mobile instant messaging service, WeChat, and its subsidiaries.
Both in China and globally, provides media, entertainment, payment system, smartphone, internet-related services, value-added services, and online advertisement services.
Time magazine named him one of the most influential people in the world in 2007, 2014, and 2018 while Forbes credited him as one of the most important people in the world in 2015. In 2017, Fortune named him as one of the year’s best businessmen. In 2018, the CEOWORLD magazine called him one of the “Most Influential People in the World.” Ma Huateng is a Municipal People’s Congress leader in Shenzhen and a delegate in the 12th National People’s Congress.
Being one of the world’s “greatest leaders of fortune,” Ma Huateng is known for his low profile of comparison to the outgoing figure of a Chinese businessman and Alibaba founder Jack Ma. For its related investment philosophies, Ma was closely likened to American investor Warren Buffett and is often described as an “aggressive purchaser.”
After September 2020, he is China’s richest individual, exceeding Jack Ma, and according to Forbes, with a net value of 59.9 billion dollars. The estimated net value of 21 November 2017 shortly exceeded that of Larry Page and Sergey Brin, the ninth wealthiest man in the world at the same time, and the first person from China to join Forbes’ top ten wealthiest men list.
Ma Huateng was born in a humble household in Badagang, Guangdong (now Dongfang City), China, on 29 October 1971. When Huateng was very young, his father Ma Chenshu moved to Shenzhen to work as a port manager. Ma finished his remaining school there and noticed a deep interest in computer technology.
In 1989, I enrolled in ‘Shenzhen University.’ He studied informatics and graduated in 1993 with a BS. After graduating, Ma began working at a telecommunications company called ‘China Motion Telecom Growth’ (CMTD).
‘CMTD’ was interested in the provision of communication goods and services, and Ma’s task was to build pagers software. Since he earned less than 200 dollars a month, Ma left later to work at another internet and telecommunications company’s R&D department for a while.
At the same time, he started to play the idea of starting his own company and contacted four of his college classmates to realize his business dreams.
The founding of Tencent and early career
Ma Huateng first worked for China Motion Telecom Production, a telecommunications services, and products provider, where he was responsible for designing pagers’ apps. He is stated to have earned $176 a month. Shenzhen Runxun Communications Co. also worked at him. Ltd. in Internet Calling Services Research and Development Department.
In 1998, Ma Huateng and four other classmates co-founded Tencent. After Ma took part in a presentation for ICQ, the world’s first instant message on the Internet, created in 1996 by an Israeli business, the company was the first product. Ma and his team began a similar application with a Chinese guy and a slightly different name in February 1999 – OICQ (or Open ICQ). The product rapidly became successful and became one of the largest registered users in China at the end of 1999.
Talking about Tencent’s founding, he told China Daily in a 2009 interview, “If I’ve seen more, it’s by standing on giant shoulders,” paraphrasing a quote from Isaac Newton and referring to the parallels between ICQ and OICQ. “We knew the success of our commodity, but we could not afford it at that time,” Ma recalled. Ma asked for bank loans and even spoke about selling the business to solve the issue.
The business has been looking to venture capitalist funding its rising operating costs since Tencent’s coveted OICQ service was available free of charge. In 2000, Ma switched to IDC and Pacific Century CyberWorks (PCCW) the U.S. telecom company, which bought 40% of Tencent’s stock for $2.2 million. As the Pager market declines, Ma has strengthened the messaging platform by allowing QQ users to send messages to mobile phones. 80% of the company’s revenues subsequently were generated by deals with telecom operators who agreed to share message fees.
AOL arbitration and business expansion
After AOL (America Online) acquired ICQ in 1998, the corporation filed a dispute with the United States National Arbitration Forum against Tencent, alleging the OICQ.com and OICQ.net domain names violated ICQ’s trademarks. Tencent lost the case and had to give up the name of the domain. Ma Huateng changed the program name to QQ in December 2000 (the words “Q” and “QQ” used to mean “cute”).
Following the AOL situation, Ma Huateng agreed to broaden Tencent’s company portfolio. In 2003, Tencent issued its own portal (QQ.com) and forged the online gaming industry. By 2004, Tencent was the largest Chinese instant messaging service (74% of the market), which prompted Ma to list the company on the Hong Kong bourses. After the company earned $200 million in the IPO in June, Ma became one of the richest people in the telecommunications industry in China easily.
Tencent launched an online gaming platform in 2004 and started to sell virtual products for the games published on this platform (weapons, gaming power), emoticons, and ringtones.
Tencent launched the C2C platform Paipai.com (too), a direct competitor of Alibaba, in 2005, at Ma’s request.
Microsoft, Ma Huateng formed two rival engineering teams in 2010 and commissioned them to develop a new product. A team submitted a text messaging app and community chat app – WeChat – after two months which was released in January 2011. As of 2015, WeChat (alias, Weixin) is the global leading instant messaging network used by 48 percent of Asia-Pacific Internet users.
Tencent also provides a wide variety of services including web portals, e-commerce, and online gambling. Online games such as the Yulong Legend and the Xuanyuan Legend increased profits by more than half, up to $5.1 billion, with a profit margin of $1.5 billion.
In December 2015 Ma Huateng announced that Tencent will create a “Wuzhen Internet Hospital” to provide long-term diagnosis and medication.
In 2016, Ma Huateng donated Tencent shares worth $2,3 billion to its charity fund, the Ma Huateng Global Fund. But Forbes has not lowered its net value because the shares are still listed under his name.
Ma Huateng is a representative of the 5th Shenzhen Municipal People’s Congress and serves in the 12th National People’s Congress according to the official website Tencent.
Speaking of censorship at the Singapore tech conference, Ma was quoted by saying, “In terms of the management of information security, online companies from all countries must comply with a set of standards, and behave responsibly. If not this could lead to public hearsay, libel, and claim, not to mention across countries. Therefore, the need for online management is increasingly pressing.”
Ma Huateng uses the alias Pony, derived from the English version of his name of his family Ma (so) which means “horse.” Ma Huateng seldom appears in the media and is known for its confidential lifestyle. He believes in the principle, “Ideas in China are not important – implementation is important.”
The capital of Ma Huateng comes from a 9.7% interest in Tencent Holdings. He currently owns Hong Kong property and works of art worth $150 million. He owns a renovated palace residence in Hong Kong of 1820 m (19600 sq ft).
Jamie Dimon Networth
Jamie Dimon born March 13, 1956, is an American business chief. He is chairman and CEO of JPMorgan Chase, the biggest of the huge four American banks, and was already on the top managerial staff of the Federal Reserve Bank of New York.
Jamie Dimon was remembered for Time magazine’s 2006, 2008, 2009, and 2011 arrangements of the world’s 100 most persuasive individuals. Dimon’s total assets are assessed at $1.3 billion.
Jamie Dimon is one of only a handful hardly any bank CEOs to turn into an extremely rich person, thanks to a limited extent to a US$485 million stake in JPMorgan Chase. He got a $23 million compensation bundle for the monetary year 2011, more than some other bank CEO in the US. Nonetheless, his compensation was sliced considerably to $11.5 million in the monetary year 2012 by JPMorgan Chase following a progression of disputable exchanging misfortunes adding up to $6 billion. Dimon got $29.5 million in the financial year 2017.
Early life and education
Dimon was born in New York City, one of three children of Greek workers Theodore and Themis (née Kalos) Dimon, and went to The Browning School. His fatherly grandfather was a Greek worker who changed the family name from Papademetriou to Dimon to make it sound more French and functioned as a financier in Smyrna (presently Izmir) and Athens. He has a more seasoned sibling, Peter, and a friendly twin sibling, Ted. Dimon’s dad and grandfather were the two stockbrokers at Shearson.
He studied brain research and financial aspects at Tufts University where he graduated summa cum laude. At Tufts, Jamie Dimon composed an exposition on Shearson mergers; his mom sent the paper to Sandy Weill who employed Dimon to work at Shearson doing spending plans during one summer break.
In the wake of graduating, he worked in the executives counseling for a long time before selecting at Harvard Business School, alongside schoolmates Jeff Immelt, Steve Burke, Stephen Mandel, and Seth Klarman. Throughout the mid-year at Harvard, he worked at Goldman Sachs. He graduated in 1982, acquiring an MBA as a Baker Scholar.
After graduation from Harvard Business School, Sandy Weill persuaded him to divert down proposals from Goldman Sachs, Morgan Stanley, and Lehman Brothers to go along with him as a collaborator at American Express. Even though Weill couldn’t offer a similar measure of cash as the venture banks, Weill guaranteed Dimon that he would have “fun”. Dimon’s dad, Theodore Dimon, was a leader VP at American Express.
Commercial Credit and Transition into Citigroup
Sandy Weill left American Express in 1985 and Dimon tailed him. The two at that point took over Commercial Credit, a buyer account organization, from Control Data. At 30 years old, Dimon filled in as the CFO, assisting with turning the organization around. Through a progression of mergers and acquisitions, in 1998 Dimon and Weill had the option to shape a huge monetary administration combination, Citigroup.
Dimon left Citigroup in November 1998, in the wake of being approached to leave by Weill during an end of the week chief retreat. It was supposed at the time that he and Weill contended in 1997 over Dimon’s not advancing Weill’s little girl, Jessica M. Bibliowicz, although that occurred longer than a year before Dimon’s flight. In any event, one other record refers to a solicitation by Dimon to be treated as an equivalent as a genuine explanation.
In his 2005 University of Chicago Graduate School of Business Fireside Chat and 2006 Kellogg School of Management interviews, Dimon affirmed that Weill terminated him.
Move to J.P. Morgan
Meeting of Jamie Dimon with the president of Argentina Mauricio Macri, to declare higher speculations of JP Morgan Chase in the nation.
In March 2000, Dimon became CEO of Bank One, the country’s fifth-biggest bank. When JPMorgan Chase bought Bank One in July 2004, Dimon became president and head working officer of the joined organization.
On December 31, 2005, he was named CEO of JPMorgan Chase and on December 31, 2006, he was named Chairman and President. In March 2008 he was a Class A board individual from the Federal Reserve Bank of New York. Under Dimon’s authority, with the acquisitions during his residency, JPMorgan Chase has become the main U.S. bank in homegrown resources under administration, market capitalization esteem, and traded on an open market stock worth. In 2009, Dimon was viewed as one of “The TopGun CEOs” by Brendan Wood International, a warning organization.
On September 26, 2011, Jamie Dimon was engaged with a prominent warmed trade with Mark Carney, the legislative head of the Bank of Canada, wherein Dimon said arrangements of the Basel III worldwide money related guidelines oppress the U.S. banks and are “against American”. On May 10, 2012, JPMorgan Chase started a crisis phone call to report lost in any event $2 billion in exchanges that Dimon said were “intended to support the bank’s general credit hazards”.
The technique was, in Jamie Dimon’s words, “defective, complex, inadequately investigated, wretched, and ineffectively checked”. The scene was researched by the Federal Reserve, the SEC, and the FBI, and the focal entertainer was named with the sobriquet the London Whale.
Jamie Dimon remarked on the Volcker Rule in January 2012, “Part of the Volcker Rule I concurred with, which is no prop exchanging. Be that as it may, market making is a fundamental capacity. And general society ought to perceive that we have the fastest, the most profound, the most straightforward capital business sectors on the planet. And some portion of that is because we have huge market making.
If the standards were composed as they initially came out; I speculate they’ll be transformed, it would truly make it difficult to be a market creator in the United States.” He filled in as administrator of the chief panel of The Business Council for 2011 and 2012.
On January 24, 2014, it was reported that Jamie Dimon would get $20 million for his work in 2013, a time of record benefits and stock cost under Jamie Dimon’s rule, despite critical misfortunes that year because of scandals and installments of fines. The honor was a 74% raise, which included over $18 million in confined stock.
This is despite the ongoing 13 billion dollar settlement with the US government, the biggest ever, for terrible home loans and works on during the budgetary emergency. Forbes revealed that, in an announcement following updates on Dimon’s remuneration, the bank stated, “Under Mr. Dimon’s stewardship, the Company has sustained its control framework and measures and fortified every one of its key organizations while proceeding to zero in on reinforcing the Company’s administration abilities overall levels.”
Federal TARP funds
As head of JPMorgan Chase, Jamie Dimon managed the exchange of $25 billion in assets from the U.S. Depository Department to the bank on October 28, 2008, under the Troubled Asset Relief Program (TARP). This was the fifth biggest sum moved under Section An of TARP to help disturbed resources identified with private home loans.
It has been broadly announced that JPMorgan Chase was in much preferred monetary shape over different banks and didn’t require TARP reserves yet acknowledged the assets because the administration would not like to single out just the keeps money with capital issues. JPMorgan Chase publicized in February 2009 that it would utilize its capital-base money related solidarity to procure new organizations.
By February 2009, the U.S. government had not pushed ahead in authorizing TARP’s expectation of subsidizing JPMorgan Chase with $25 billion. Even with the administration’s absence of activity, Dimon was cited during the seven days of February 1, 2009, as saying,
JPMorgan would be fine on the off chance that we quit discussing the damn nationalization of banks. We have a lot of capital. To policymakers, I state where right? … They endorsed every one of these banks. Presently they’re thumping on everybody, saying take a gander at all these mix-ups, and we will and fix it.
JPMorgan Chase was seemingly the most advantageous of the nine biggest U.S. banks and didn’t have to take TARP reserves. To energize littler manages an account with pained resources for acknowledging this cash, Treasury Secretary Henry Paulson supposedly forced the CEOs of the nine biggest banks to acknowledge TARP cash under the short notification.
Jamie Dimon gives fundamentally to the Democratic Party. In May 2012, he portrayed himself as “scarcely a Democrat” expressing,
I’ve gotten upset at a portion of the Democrats’ enemy of business conduct, the assaults on hard-working attitude, and effective individuals. I believe it’s extremely counterproductive. … It doesn’t mean I don’t have their qualities. I need occupations. I need a more fair society. I wouldn’t fret making good on higher charges. … I do believe we’re our sibling’s manager however I imagine that assaulting what makes all things, isn’t the correct approach.
After Obama won the 2008 presidential political decision, there was a theory that Jamie Dimon would serve in the Obama Administration as Secretary of the Treasury. Obama inevitably named the president of the Federal Reserve Bank of New York, Timothy Geithner, to the position.
Following the securing of Washington Mutual by JPMorgan Chase, Obama remarked on Dimon’s handling of the land crash, credit emergency, and the financial breakdown influencing partnerships across the country, including major monetary organizations like Bank of America, Citibank, and Wachovia (later obtained by Wells Fargo).
You know, remember, however, there are a ton of banks that are in reality oversaw, JPMorgan being a genuine model, Jamie Dimon, the CEO there, I don’t think ought to be rebuffed for doing a truly great job dealing with a gigantic portfolio.
Jamie Dimon has had close connections to certain individuals in the Obama White House, including previous Chief of Staff Rahm Emanuel. Dimon was one of three CEOs—alongside Lloyd Blankfein and Vikram Pandit—said by the Associated Press to have had liberal admittance to previous Treasury Secretary Timothy Geithner. Regardless, Dimon has regularly freely couldn’t help contradicting a portion of Obama’s strategies.
On May 15, 2012, scene of ABC’s The View, Obama reacted to an inquiry from Whoopi Goldberg concerning JPMorgan Chase’s as of late plugged $2 billion exchanging misfortunes by guarding Dimon against claims of recklessness, saying, “most importantly, JP Morgan is a standout amongst other overseen banks there is. Jamie Dimon, its head, is probably the most astute investor we have”, however, included, “it will be examined”.
In December 2016, Jamie Dimon joined a business gathering collected by then president-elect Donald Trump to give vital and strategic guidance on monetary issues.
On account of the 2012 JPMorgan Chase exchanging misfortune, as per a US Senate report distributed in March 2013 following 9 months of examination, Jamie Dimon deceived speculators and controllers in April as misfortunes rose perilously to $6.2 billion on a “tremendous” subsidiaries wager made by the alleged “London Whale” Bruno Iksil.
As per Carl Levin, director of this board, JP Morgan had “an exchanging activity that heaped on hazard, overlooked cutoff points on hazard taking, concealed misfortunes, avoided oversight and deceived the general population”.
Jamie Dimon excused press records of potential misfortunes in Iksil’s book as a “dramatic outburst about nothing” on April 13, 2012, when he realized that Iksil had lost $1 billion, which drove Levin to state “None of those announcements made on April 13 to people in general, to speculators, to experts were valid,” and “The bank additionally fails to uncover on that day that the portfolio had huge places that were difficult to leave, that they were abusing in huge numbers key danger limits.”
Dimon adjusted that off-base data a month later, in May 2012, preceding the genuine harm was uncovered, after US Securities and Exchange, monetary guard dog began surveying the misfortunes.
In 1983, Jamie Dimon wedded Judith Kent, whom he met at Harvard Business School. They have three girls: Julia, Laura, and Kara Leigh. Julia and Kara went to Duke University, while Laura is a Barnard College graduate and independent columnist who some time ago worked for New York Daily News.
Jamie Dimon was determined to have throat malignancy in 2014. He got two months of radiation and chemotherapy finishing off with September 2014. In March 2020, at 63 years old, Dimon went through a “crisis heart medical procedure.”
The purpose behind the medical procedure was to fix an intense aortic dismemberment, a tear in the inward layer of the aorta, a vein that is the biggest in the body. As per JP Morgan, Jamie Dimon is recouping great from that medical procedure, with Gordon Smith and Daniel Pinto running the bank until his return.
Daymond John Networth
Daymond John (Daymond Garfield John) (born February 23, 1969) is an American financial specialist, speculator, TV personality, creator, and motivational speaker.
He is most popular as the founder, president, and CEO of FUBU, and shows up as a speculator on the ABC unscripted tv arrangement Shark Tank. Situated in New York City, John is the founder of The Shark Group.
Daymond John was born on February 23, 1969, in Brooklyn, New York City, yet experienced childhood in the Queens neighborhood of Hollis. He started working at 10 years old when his folks separated; one early occupation involved handing out flyers for $2 60 minutes. In secondary school, he partook in a program that permitted him to work an all-day work and go to class on a substituting week after week premise, which he credits with imparting an innovative soul. After graduating from secondary school, he began a passenger van administration and tended to tables at Red Lobster.
Daymond John began FUBU in his mom’s home in Hollis, Queens. At the point when John previously had the thought for a dress organization for youngsters, his mom showed him how to sew and upheld him by permitting her home to be taken over to develop the business.
Fleece ski caps with their finishes tied off with fishing line were famous, and John saw them being sold for $20, which he thought about overrated. He returned home and sewed around 90 caps with his nearby neighbor. They sold their natively constructed caps for $10 each at the intersection of Jamaica Avenue and made $800 in a solitary day in 1992. After the caps, they started selling screen-printed T-shirts.
To break into the market, they sold on credit and everywhere occasions around the Northeast. To make a decent living, John held an all-day work at Red Lobster, dealing with the FUBU business in the middle of movements.
Detecting potential, Daymond John and his mom sold their home for $100,000 to produce fire up capital. Notwithstanding Brown, he enrolled long-lasting companions J. Alexander Martin and Keith Perrin into the business and started sewing the FUBU logo onto hockey pullovers, sweatshirts, and T-shirts. They lent around 10 of the hockey pullovers out to rappers for their music recordings for a long time and got item arrangements in around 30 recordings.
They were seen as an enormous dress brand, despite being a moderately little organization and stores began mentioning their brand. In 1993, he persuaded LL Cool J, an old neighborhood companion, to wear a FUBU T-shirt for a special mission. Afterward, while recording a 30-second promoting spot for The Gap, LL Cool J wore a FUBU cap in the business and joined the line “for us, by us” in his rapping.
In 1992, or 1994, John got $300,000 in orders and additionally a proposal for partaking in Macy’s (M) at a Las Vegas-style expo, MAGIC. They needed to take out a second home loan of his mom’s home to satisfy the requests. In the wake of being turned somewhere around 27 banks for credit, his mom utilized the remainder of their cash to take out a notice in the NY Times. Because of the promotion, FUBU arranged with Samsung Textiles, permitting them to finish their requests.
FUBU has earned over $6 billion in worldwide deals.
FUBU is highlighted at the Smithsonian’s National Museum of African-American History and Culture.
In 2009, John got a call from Mark Burnett soliciting him to join the cast from ABC’s new reality business show Shark Tank, which offers business visionaries the chance to pitch their organizations to speculators, or “Sharks” with expectations of accepting a venture. The show is presently in its eleventh season. John has put $8,567,000 of his cash in Shark Tank organizations as of May 12, 2017. His preferred ventures on record by 2015 were Al “Bubba” Baker’s boneless ribs and Bombas socks. In 2016, Shark Tank won an Emmy Award and won the Outstanding Reality Program from 2012-2014.
Daymond John put resources into Bubba’s-Q Boneless Ribs on Season 5 of Shark Tank and has developed the organization from $154,000 in deals to $16 million every 3 years. In 2017, Bubba’s-Q Boneless Ribs cooperated up with Carl’s Jr. to make the restricted version Baby Back Rib Burger.
On Season 5 of Shark Tank, John made a novel arrangement with 15-year-old Moziah “Mo” Bridges, who is the proprietor of Mo’s Bows. John chose not to put resources into Mo’s Bows however rather to coach the youthful business person. As of late, Mo’s Bows consented to a seven-figure authorizing organization with the NBA to make ties that utilization the groups’ logos. During a report on the show, Mo’s Bows were being sold at Neiman Marcus.
In the wake of putting resources into Bombas Socks on Season 6 of Shark Tank, all-out deals for the organization expanded from $450,000 in the initial nine months to $12 million. For each pair of socks sold, Bombas gives a couple to somebody out of luck.
John put resources into Sun-Staches on Season 6 of Shark Tank and they have done over $4.2 million in deals. Shark Tank has won 4 Emmy Awards and has been selected multiple times.
The Shark Group
Daymond John is the CEO and founder of The Shark Group, a brand the executives and counseling firm. The Shark Group office is situated in Manhattan, New York.
Counseling and talking
Daymond John has become a public speaker. He works with brands and VIPs to make extra income streams and brand augmentations; a portion of his customers incorporate Pitbull and the Miss Universe Organization. John is additionally a brand minister for the internet business organization Shopify.
Daymond John has been an inspirational and business speaker at commitment to incorporate California First Lady Maria Shriver’s 2010 Women’s Conference, AT&T’s History Makers Tour, Babson College School of Entrepreneurship, Rutgers University, and the Creative LIAisons program at the yearly London International Awards.
Next Level Success
In 2015, John helped to establish Daymond John’s Success Formula, a program intended to show entrepreneurs and business visionaries how to begin and develop their business.
In September 2019, Daymond John’s Success Formula rebranded to Next Level Success.
One of the associations the program works with is the Network for Teaching Entrepreneurship.
The program offers a $1,500 grant to two understudies every year. This grant is given in plans to rouse another age of business people.
Daymond John has released four books throughout his career, including Display of Power, The Brand Within, The Power of Broke, and Rise and Grind.
- Display of Power is written by Daymond John with New York Times best-selling collaborator, Daniel Paisner. Display of Power tells how four ordinary guys from Queens, New York, rose from street corners to corner offices and became the greatest trendsetters of their generation.
- The Brand Within The Power of Branding from Birth to the Boardroom (2010), examines the loyalty relationships companies and celebrities seek to establish with their customers and fans, along with the identifying marks consumers carry when they buy into a brand or lifestyle.
- The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage was written by John in 2016. John features various success stories from entrepreneurs such as Kevin Plank, Steve Aoki, Gigi Butler, and Mo Bridges. The Power of Broke appeared on the Wall Street Journal and New York Times bestseller lists and received an NAACP Image Award for Outstanding Instructional Literary Work.
- Rise and Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life was released in January 2018. Rise and Grind became a New York Times and Wall Street Journal best-seller.
Awards and recognition
Daymond John is a New York Times and Wall Street Journal smash hit creator.
Daymond John has gotten various honors, including Brandweek Marketer of the Year, the NAACP Entrepreneurs of the Year Award (which he won twice), the Advertising Age Marketing 1000 Award for Outstanding Ad Campaign, the Essence Award,
Crain’s New York Business Forty Under Forty Award, Ernst and Young’s New York Entrepreneur of the Year Award, the Brandeis University International Business School’s Asper Award for Excellence in Global Entrepreneurship, Details 50 Most Influential Men, and the Congressional Achievement Award for Entrepreneurship (which he won twice).
In 2015, President Obama selected John as a diplomat to advance underserved business people.
Daymond John is dyslexic. Two of his preferred books are Think and Grow Rich and Rich Dad Poor Dad.
In April 2017, Daymond John was determined to have stage II thyroid disease. John effectively went through medical procedures to eliminate the carcinogenic knob.
In 2018 John wedded Heather Taras, his subsequent spouse, with whom he has a little girl named Minka Jagger. He has two little girls from his first marriage, named Destiny and Yasmeen.
Tom Anderson Networth
Tom Anderson (Thomas Anderson) (born November 8, 1970) is an American co-founder of the social networking website Myspace, which he established in 2003 with Chris DeWolfe.
He was later the leader of Myspace and a key consultant for the organization until he left in 2009. Anderson is famously known as “Tom from Myspace” and “Myspace Tom”, because, until 2010, he would consequently be allocated as the main “companion” of new Myspace clients upon the production of their profiles.
Tom Anderson’s dad was a business person. As a youngster at San Pasqual High in Escondido, California, Anderson was a PC programmer under the alias “Flathead” (companions with Bill Landreth) and provoked a Federal Bureau of Investigation (FBI) attack after he broke the security of Chase Manhattan Bank. He was not captured on account of his young age (14).
Tom Anderson considered English and way of talking at the University of California, Berkeley, before turning into the lead artist of a band called “Stylish“. Anderson at that point lived in Taiwan for quite a while, before getting back to the United States to read for a degree in basic film learns at the University of California, Los Angeles.
Tom Anderson was an item analyzer and publicist at XDrive, an advanced stockpiling organization in 2000, where he initially met DeWolfe. He at first joined XDrive as an item analyzer in the wake of noting a flyer notice, while still at film school and hoping to gain additional cash. After XDrive failed in 2001, he and DeWolfe established the immediate advertising organization ResponseBase. They sold ResponseBase to Brad Greenspan’s eUniverse in late 2002.
With other universe workers, Anderson set up the principal pages of Myspace in August 2003. He established the site halfway as a response to Friendster and its strategy of hindering records that didn’t utilize genuine names.
Intermix Media was then established as the replacement of eUniverse, and it was under Intermix that Myspace accumulated the degree of prominence for which it is eminent. When Intermix Media and Myspace were offered to News Corp, Anderson became the leader of the organization.
Myspace was offered to News Corp in 2005 for $580 million. Following the News Corp obtaining, Tom Anderson stated: “Before [the acquisition], I could do anything I desired. Presently it requires some investment to get individuals to concede to things. All the spending surveys and cycles. That can be a torment.
Be that as it may, it’s not hating us.” Reuters cited an anonymous News Corp chief as saying: “Tom Anderson was answerable for the item, however, wound up being a finished bottleneck on completing things.” Tom Anderson was supplanted as president in April 2009 by News Corp; by 2010, he was not, at this point the default companion on Myspace, and was supplanted by a profile called “Today On MySpace,” or “T.O.M.”
In late May 2012, Anderson declared that he would join RocketFrog Interactive as a counselor to the 16-man Los Angeles–based organization, which made a Facebook application. In any case, in a September 2014 meeting, Anderson didn’t refer to any warning functions in his life at that point, while his Twitter snippet as of November 2018 peruses, to a limited extent: “Getting a charge out of being resigned.”
Tom Anderson clarified in the meeting that he isn’t keen on getting back to his past occupation, however, closed: “I’ll never state ‘never’ because, more than anything, I like the possibility that anything can occur. I don’t know precisely where my life will lead. Experience and the obscure has consistently been speaking to me.”
Anderson showed up in the 2009 American parody dramatization film Funny People featuring Adam Sandler.
Tom Anderson is dynamic on other online media stages, including Facebook and Reddit. Following involvement in photography at the 2011 Burning Man celebration, Anderson’s enthusiasm for his photography was provoked. In a September 2014 ABC News talk with, Anderson credited companion and picture taker Trey Ratcliff for encouraging his ability improvement and clarified: “I’m not attempting to speak to nature precisely.
I’m attempting to make something excellent like a painter would.” Anderson heads out all around the world with companions to areas, for example, Thailand and Myanmar, where he fundamentally centers upon landscape pictures.
Tom Anderson additionally clarified in September 2014 that his advantages have consistently been different:
If you knew me before Myspace, you’d likely idea I’d have been a researcher showing reasoning in a college my entire life. On the off chance that you met me before school, you’d presumably have thought I’d be a performer for as long as I can remember … I like change.