Floyd Mayweather’s gonna need some more garage space — ’cause the boxer just dropped nearly $400k on an ultra-rare McLaren that was HAND-BUILT in England. The car is insane — it’s a 2015 McLaren 650S Spider with a retractable hardtop. Top speed — 204 mph and goes from 0-60 in 2.9 seconds.
TurboTax customers are already outraged with a stealth 50% price hike in the software this year. But more secrets are coming out that might be equally surprising to some. Intuit (INTU), the company that makes TurboTax, maintains a database containing users’ Social Security numbers, names and other personal data — even for customers using the desktop version of the software who save their files on their own hard drives.
The existence of the database was revealed to users when Intuit set up a website for customers to ask for their $25 refunds from the software price increase. The site at turbotax.intuit.com/25back requires users to enter their Social Security numbers to get their $25 refunds. That indicates that personal tax data is, indeed, being stored by Intuit.
After months of lackluster results, McDonald’s board has named a new CEO.Steve Easterbrook, 48, the company’s chief brand officer, will replace Don Thompson, 51, the current CEO and a 25-year McDonald’s veteran, effective March 1. Thompson also gives up his board seat and Easterbrook gets one.Investors cheered: McDonald’s stock (MCD) jumped about 3% in pre-market trading following the news.
From higher costs for landlords of Swiss ski chalets to increased deposit rates on Swiss bank accounts, the world’s ultra high net worth (UHNW) individuals will be hit in many ways by the decoupling of the Swiss franc.
An estimated US$2.8 trillion of private wealth is stored in the vaults of Switzerland. The combined wealth of Swiss UHNW individuals totals US$790 billion, according to the Wealth-X and UBS World Ultra Wealth Report 2014, and as much as US$2 trillion of wealth is held in Switzerland by foreign UHNW individuals.
The Swiss franc has for long been considered the ultimate safe haven for global ultra wealthy investors, but earlier this month, the Swiss Central Bank turned that belief on its head. In a surprise move, it abandoned its currency peg to the Euro, causing a record 30 percent surge in the franc and wiped around 9 percent off the value of the Zurich stock market.
Chef Michael Mina’s newly opened Bardot Brasserie, located within the Aria Resort & Casino, launched its beverage program of signature spirits, exclusive beers, and rare wines on January 16. Striving to bring Parisian café culture—a sophisticated mélange of alcohol-fueled conversation and ruckus—and avant-garde sensibility to the Strip, the menu includes Parisian-inspired cocktails to pair with Mina’s delectable dishes.
Martell, the oldest of the great cognac houses, is celebrating its 300th anniversary with the release of the limited edition Martell Premier Voyage. How limited? There will only be 300 bottles up for grabs. Obviously, there’s a waiting list and, yes, I put some in my mouth. Martell, founded in 1715 by Jersey boy (the Bailiwick, not the shore) Jean Martell, pulled 18 of its best and rarest eaux-de-vies (a clear spirit that hasn’t been properly aged) from its considerable cellars to create a cognac lover’s ultimate dream. How did Martell choose which eaux-de-vies to use for it’s most expensive release to date? A team of experts, led by Bourdeaux-born historian Geraldine Galland, scoured the company archives to track the farmers, distilleries and distributors that worked directly with founder Jean Martell three centuries ago.
Welcome to the good life!
Kim Kardashian and Kanye West’s $20 million dream home is beyond—just beyond! The Hidden Hills gem sits on 3.5 acres of land and (deep breath) it features two swimming pools, two spas, fountains, a rose garden and (here’s the kicker) its very own vineyard! West wines, anyone?
The mansion itself is the epitome of luxury, of course, so there will be plenty of space for Kim, ‘Ye and baby North West. It also features massive his and her closets, so Kim and Kanye’s wardrobes will have their own luxurious paces to stay!
2014 was a rough year to be a Russian oil tycoon, but a pretty awesome year to be leading a Chinese ecommerce platform. Jack Ma saw his net worth increase by $18.5 billion in 2014 as the company he founded, Chinese ecommerce giant Alibaba, became the biggest IPO in U.S. history . Meanwhile, Leonid Mikhelson, a Russian energy tycoon, saw more than a third of his wealth evaporate this year at the hand of plummeting global energy prices, a tumbling rubel and geopolitical tensions. That’s according to a ranking compiled and released by Wealth-X, a Singapore-based firm that compiles research on the ultra-wealthy.
Jay Z’s 2001 album The Blueprint is considered by many hip-hop fans and outlets to be one of the best rap albums of its time. USA Today hailed the album’s production, granting it four stars and saying, “The musical backdrop here is more soulful than before, and Jay-Z’s sentiments have a harder edge.”
The album cemented Jay Z’s place as one of the best rappers of the new millennium. Tracks like “Heart of The City” and “The Takeover” appealed to hip-hop purists, while casual, mainstream fans enjoyed frequent radio play of “Izzo (H.O.V.A).”
The majority of the album’s production had been handled by a then unknown Roc-A-Fella producer named Kanye West. He had signed on to the label some months prior. While he aspired to produce his own rap release, the company had mostly used him for his production prowess until this point.
The story might have unfolded far differently than it did for this young Chicago rapper and producer. Entrepreneurs and businessmen alike can learn the following three lessons from West’s trajectory…