Monday, February 9, 2015
How Linda Ikeji Broke the Internet, Blog Now Worth N1.1 Billion
Sunday, February 8, 2015
Investors are suing billionaire Ira Rennert for looting his own company to build a $110 million mansio
Ira Rennert, the hermetic billionaire who made his fortune raiding
companies through junk bonds, is now being sued for funneling money from
a mining business to build his .
Crains' Aaron Elstein reported that Rennert was in federal court on Tuesday to face the defunct Magnesium Corporation of America's creditors, who claim he siphoned off $100 million from the ailing company.
Renco Group, Rennert's holding company, acquired MagCorp back in 1989 and began issuing millions of dollars worth of bonds. But rather than being invested in the magnesium company, that money went directly to Renco Group, and, allegedly, into Rennert's pocket.
The allegations get messier after that: Rennert then built a new company that bought up land – 63 acres, to be exact – for his gargantuan Hamptons home (dubbed Fairfield, it's thought to be one of the largest mansions in America). Shortly afterward, the magnesium market began to crumble and MagCorp filed for bankruptcy.
Creditors are now seeking $118 million, plus interest. Get ready for an entertaining trial
Crains' Aaron Elstein reported that Rennert was in federal court on Tuesday to face the defunct Magnesium Corporation of America's creditors, who claim he siphoned off $100 million from the ailing company.
Renco Group, Rennert's holding company, acquired MagCorp back in 1989 and began issuing millions of dollars worth of bonds. But rather than being invested in the magnesium company, that money went directly to Renco Group, and, allegedly, into Rennert's pocket.
The allegations get messier after that: Rennert then built a new company that bought up land – 63 acres, to be exact – for his gargantuan Hamptons home (dubbed Fairfield, it's thought to be one of the largest mansions in America). Shortly afterward, the magnesium market began to crumble and MagCorp filed for bankruptcy.
Creditors are now seeking $118 million, plus interest. Get ready for an entertaining trial
Dustin Moskovitz, The Second-Youngest Billionaire In America, Discusses What It Feels Like To Be Filthy Rich
Getty/Araya Diaz
At age 30, Dustin Moskovitz is the second-youngest billionaire in America, after 24-year-old Snapchat cofounder Evan Spiegel. Moskovitz, a cofounder of Facebook and the current CEO of the organization app Asana, has an estimated net worth of $8 billion, according to the publication.
Monday, February 2, 2015
5 ways to make money online
How to Make Money Online
Five Methods:Quick Ways to Make Money OnlineMake Money through Online MarketingMake Money through Online ContentMake Money through Online SalesPointers when Working Online
Although the global market has not yet reached “Jetson” caliber with
people flying to the office in compact spaceships, it has evolved to
allow workers to never have leave the comfort of their own computer.
Below you’ll find a variety of ways to make money online as well as
general advice for anyone who wants to succeed in the online world.Method 1 of 5: Quick Ways to Make Money Online
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1Flip domain names. Domain names are valuable internet real estate and some people actually make a nice living off of buying and selling them. One strategy is to use Google Adwords to find keywords that are trending and use that information to buy domain names that you think may soon be in demand. However, since short, snappy, or straightforward domain names have already been mostly snatched up, you can also get lucky buying domain names that are random acronyms, as you never know when a person or company with those exact initials will decide to set up a website. (CPC.com, for example, sold for over $200,000 when Contract Pharmaceutical Corporation decided to go online.[1] Not bad for three letters.) For more advice, read How to Buy a Cheap Domain Name.Ad
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