Author: Alan Wass

  • Saudi Prince Mohammad Bin Salman in Line to Buy Manchester United

    Saudi Prince Mohammad Bin Salman in Line to Buy Manchester United

    Rumors are rife that Saudi crown prince billionaire Mohammad Bin Salman is looking to buy the English football giants Manchester United. The current owners have claimed that the club is not for sale, but when you’re heart-stoppingly rich like the crown prince, that kind of cash can change things in a millisecond.

    When your vast family fortune mounts up to around $1.1 trillion, you can pretty much do as you like. Although “no” means “no,” Saudi princes are used to getting what they want.

    Will Billionaire Mohammad Bin Salman Get His Way?

    Mohammad Bin Salman is used to getting what he wants and obtaining Manchester United might not be much different. Manchester United is not just a football club. It’s an institution and a brand. Football fans’ emotions are intrinsically linked to their clubs and Man Utd’s fanatical followers are just the same.

    The world-famous football club has amassed 13 English Premier League titles and two UEFA Champions League titles in the past 30 years while becoming one of highest-earning sports/football clubs in the world.

    Arabian billionaire Mohammad Bin Salman has reportedly shown his interest in buying the club and is ready to make a bid that’s backed by cash from the oil-rich Kingdom.

    The Glazer family are the club’s current owners and have stated since the reports emerged that they are not interested in selling the club. The family have been in charge of Manchester United since 2005 and have been reported to have taken over $1 billion out of the club during their tenure, which didn’t go down so well with fans.

    Although the Glazers’ have told the press they do not intend to sell the club, money talks, and with the size of Bin Salman’s bank balance, it doesn’t just talk, it shouts loud enough to crumble a mountain. If the Glazers did decide to sell the club, it could cost the billionaire Saudi crown price up to $4 billion to buy it outright.

    When you have Saudi prince cash, every possibility is available. It will be interesting to follow the developments of this story to see if Mohammad Bin Salman can pull off one of the largest purchases the world has ever seen.

    Featured image from Wikipedia.

  • Ultra-Wealthy Families Paying up to $800 per Day for Baby Nurses

    Ultra-Wealthy Families Paying up to $800 per Day for Baby Nurses

    If you have the patience to deal with someone else’s screaming kids, ultra-wealthy families and high-end business couples are paying up to $800 a day for baby nurses to care for their newborns.

    Wealthy business people who can handle hundreds of employees are starting to realize that taking care of their own newborn babies is on an entirely different level. These affluent families with moms and dads working in high-end business roles are now paying through the nose for baby nurses to not only care for their babies but also to teach them to sleep through the night.

    Can Handle a Business but Not a Baby

    The millionaires, billionaires, and modern-day business families of this world know how to make money. But do they know how to take care of their babies?

    The traditional stay-at-home-mom and go-to-work-dad were the cornerstone of family development in the Western world until approximately 30-years ago.

    In the modern business world where many women rightfully command the same respect and salaries as their male counterparts, times have changed in the family home.

    According to Seth Norman Greenberg, the managing director of a New York-based domestic staff recruitment company called the Pavillion Agency had some really interesting things to say when talking to Business Insider:

    “I spoke to someone the other day who said, ‘My husband’s a titan, he manages 10,000 people, and he can’t put our kid to sleep. Clients can be in any industry, from business titans, financial, manufacturing, tech — and then some people that are just retired.’”

    Affluent wealthy families are paying up to $800 for baby nurses to fill the void and to teach their newborns to sleep through the night so the parents can get a proper night’s sleep.

    The nurses work 22-hour shifts and barely take a day off until the kids reach three or four years old. They’re also not always registered nurses because the demand is currently so great.

    Greenberg also mentioned that ultra-wealthy families who are successful from a business can do so because their homes are run for them, allowing them to do what they do best – making money!

    Featured image from Shutterstock.

  • Bottle of 1945 Burgundy Wine Sells at Sotheby’s for $558,000

    Bottle of 1945 Burgundy Wine Sells at Sotheby’s for $558,000

    Did you ever order a bottle of Cristal in a swanky New York nightclub and nearly had a seizure when the bill came? If so, you better be sitting down. A bottle of 1945 Burgundy wine is now the most expensive wine in the world when recently sold at Sotheby’s for a grape-crushing $558,000 (£424,000).

    1945 was a great year unless you were Eva Braun or Adolf Hitler or on board the USS Indianapolis sunk by a Japanese submarine. Then it was a stinker of a year. But it turns out, that for wine aficionados, 1945 takes the cake.

    Record-Breaking 1945 Burgundy Wine

    As Europe was trying to rebuild itself in the aftermath of WWII, one of France’s most prolific winemakers, Burgundy producer, Romanee-Conti created 600 bottles of wine, some of which have recently become the most expensive bottles of wine in history.

    On October 13 at Sotheby’s in New York, two of those bottles sold separately for a combined total of just over $1 million. This was on the back of three 1937 vintage bottles that also sold for close to $930,000 at the same auction.

    Before these five bottles became the most expensive wine in history, the original record was a six-liter bottle of Cheval Blanc 1947 that sold for $304,375 in Geneva in 2010.

    The record-breaking sales of the two bottles of 1945 Burgandy wine also dwarfed the previous record for a standard size bottle, which sold for $233,000 in Hong Kong back in 2010.

    When talking about the 1945 vintage, the head of Sotheby’s international wine department, Serena Sutcliffe, was very upbeat, saying:

    “Rare and wonderful. The best bottles are so concentrated and exotic, with seemingly everlasting power – a wine at peace with itself.”

    The first bottle sold for $558,000, and just a few minutes later the second bottle was sold for $496,000.

    The wine wasn’t the only rare alcohol that was sold at the auction. A bottle of 60-year-old whiskey from 1926 fetched a heart-stopping $841,000. Although, this still failed to break the record for the most expensive bottle of Scotch which is currently at approximately $1.2 million.

    If you ever get the chance to sample a glass of 1945 Burgundy wine at a high-society party or as your last request before the electric chair, make sure you take the chance with both hands.

    Featured Image from Sotheby’s.

  • Thrifty Chinese Billionaire Has Monthly Spending Budget of $100

    Thrifty Chinese Billionaire Has Monthly Spending Budget of $100

    Are you one of those braggadocios rich people who have bags of cash and wants everyone to know it? Chinese billionaire movie star Chow Yun Fat is reported to be worth a bank-busting $715 million, which converts to HK$5.6 billion, yet he lives a thrifty lifestyle with a spending budget of just over $100 per month.

    Whilst many billionaires drive Lamborghini and Bugatti super-cars while getting pedicures and lavish spa treatments, Chow Yun Fat is living on less in a month than a security guard at a gated community.

    When the vast majority of the public scramble to buy the latest iPhone X for $1,000 upwards, the Chinese billionaire movie star has kept the same mobile phone for 17-years. The man has the spending restraint of an ordained Buddhist monk. Or is he just a tight so and so?

    Chow Yun Fat Takes Frugal to the Next Level

    Chow Yun Fat is a critically acclaimed actor who starred in the classic “Crouching Tiger, Hidden Dragon” epic that bought Kung-Fu audiences into modern times. In a recent news report from the Oriental Times, the 63-year-old renowned actor talked about how he lives a very modest lifestyle despite being a billionaire.

    The Hong Kong megastar has rejected material goods and still views himself as your everyday ‘Average Joe’. Yun Fat’s wife, Jasmine Tan, detailed how her frugal hubby loves eating at inexpensive street-side food vendors in his native Hong Kong and pointed out he will only upgrade his 17-year old mobile phone when it stops working.

    In a world of high-tech gadgetry, especially in Hong Kong, the actor is unfazed and unimpressed by technological advancements.

    It’s a normal sight for Hong Kong inhabitants to see the aging movie star taking public transport. He’s also known for wearing very simple clothing.

    He actually addressed his lack of fashion ambitions in another article where he said he preferred clothes that were comfortable. The closest he would have gotten to a crocodile on his shirt would have been in the “Hidden Dragon” movie.

    The Chinese billionaire actor might be a household name across his homeland, but what can impress a man who has close to a billion dollars, rides public transport and eats at roadside stalls? Not much apparently. Unless you have some comfortable sports pants of course.

    Featured image by Sliceof.

  • Australian Millionaire Allegedly Threatens to Slice Off Wealthy Neighbor’s Nipple

    Australian Millionaire Allegedly Threatens to Slice Off Wealthy Neighbor’s Nipple

    In an amusing case of agro that can only be described as “rich people problems,” Australian millionaire Peter Higgins allegedly threatened to slice off the nipple of a wealthy neighbor. The nipple-slicing threat came amidst an intense ongoing feud between them in which one witness likened them to “a pair of school kids.”

    Australian Millionaire Pair Court Battle

    Everyone loves the Aussie ethos of telling it like it is. Australia is where “a bloke is a bloke and the sheep are scared.” Which roughly translates as there is no class system in Australia and the sheep always need to watch their backs.

    But it seems that the only person in this story who needs to watch his back, or more precisely his front, is Peter Higgin’s nemesis, the wealthy investor John Marshall.

    Mortgage Choice co-founder and multi-millionaire potential nipple slicer, Peter Higgins, allegedly threatened Marshall with ear and nipple torture after the uninvited Marshall drove onto his property to watch his son take part in a polo tourney.

    There was a heated argument over whether or not Marshall was allowed to park there due to the tournament taking place on the same grounds. Higgins launched an ultra-aggressive verbal attack on Marshall who in turn felt threatened and allegedly head-butted him.

    Mr. Marshall told the court this week that it was an act of self-defense that escalated from the incident at the Sydney Polo Club on March 29. Mr. Higgins suffered a nosebleed in the attack, said The Sydney Morning Herald. Marshall was quoted as saying:

    “He yelled at me… I’m going to have your ear cut off – or your nipple. Which one would you prefer?”

    Marshall Charged with Actual Bodily Harm

    The 68-year-old Marshall was charged by the Parramatta Local Court on Thursday for actual bodily harm, although the judge had a few choice words for the millionaire quarreling twosome.

    The judge who chaired the case, magistrate Jennifer Giles, found Marshall not-guilty of the main assault but said she was not satisfied that the prosecution had negated self-defense.

    Ms. Giles summed up the case between the Australian millionaire Higgins and the wealthy investor Marshall by concluding that:

    “This hearing is merely an examination of a tiny five-minute moment in an epic and chronic feud for which the taxpayers of New South Wales (NWS) seems to provide an ongoing forum.”

    Featured image from habaricloudtoday.

  • $75,000 per Night for a Luxury Hotel Suite? Only in America!

    $75,000 per Night for a Luxury Hotel Suite? Only in America!

    Most people will think that $5,000 per night for a luxury hotel suite is beyond reproach. But when you’re filthy rich and don’t give a damn what people think, even $75,000 per night is within budget. That is exactly what you can expect to spend for a single night in The Mark Hotel Penthouse Suite in New York.

    Being a multi-millionaire or billionaire gives you the opportunity to sample aspects of life that others can’t even contemplate. Whether it’s dining on endangered species, owning Egyptian artifacts that go back to the times of the Pharaohs or purchasing your own island, a billionaire’s life is a life of untold choice.

    The Mark Hotel Penthouse Suite Is the Most Expensive in America

    America is home to the big, bold, and brave. And also one of the most expensive luxury hotel suite experiences on the planet. A night in The Mark Hotel penthouse suite in New York will set you back $75,000.

    Situated in the prime Upper East Side of the city, known for its grandeur, glitterati and glamor, the building where the Mark Hotel penthouse suite resides was first constructed in 1927.

    The hotel enjoyed major renovations in 2006 and 2009 and although the historical exterior of the building was untouched, the interior design was completely overhauled.

    The new interiors were created by the lauded French designer Jacques Grange, conjuring a timeless and stylish atmosphere that is lavishly luxurious and favorably flash.

    10,000 Square-Foot of Total Decadence

    The penthouse is nestled across the 16th and 17th floors and encompasses 10,000 square-feet that includes a majestic 2,500 square-foot rooftop terrace with immense views of Central Park.

    The luxury Mark Hotel penthouse suite comes equipped with five bedrooms, six bathrooms, a conservatory, library lounge, stately dining room, two wet bars and four awe-inspiring fireplaces that give the suite real decadence.

    Bloomberg’s Chris Rovzar talked about the suite on the “Bloomberg Daybreak: Americas” segment and said that the owners of the hotel set the $75,000 per night price tag because they saw another luxury hotel suite in America for $37,000 per night and thought their penthouse was worth twice as much.

    If you’re a self-respecting millionaire or billionaire looking for somewhere to lay your head in the heart of Upper East New York, why not stay in the most expensive luxury hotel suite in America? You’re one of a very select few who can afford it.

    Featured image from The Mark Hotel.

  • Elon Musk and Richard Branson, Smoking Blunts and Getting Some Sleep

    Elon Musk and Richard Branson, Smoking Blunts and Getting Some Sleep

    Elon Musk has been having a rough time recently. After the classic “Joe Rogan-smoking blunts debacle” and calling one of the heroic Thailand cave divers a “pedo guy” in a monumental PR gaff, Sir Richard Branson has now offered some words of clarity. The Virgin billionaire Branson has advised the visionary tech melodeon to “get some sleep.”

    Richard Branson Advises Musk to Delegate

    As any raging control freak will tell you, it’s sometimes difficult to let go. Especially as a business owner or entrepreneur. And especially if you are responsible for safeguarding share prices of a multi-billion-dollar company. This is something that Richard Branson knows only too well.

    When asked a loaded question by CNBC’s Nancy Hungerford in regards to offering advice to Elon Musk, Branson calmly said:

    “I think he maybe needs to learn the art of delegation. It’s important. He’s a wonderfully creative person but he shouldn’t be getting very little sleep.”

    Delegating tasks to others is great advice for all business owners, control freaks and military dictators. Maybe you should stop taking yourselves so seriously. It’s time to hand over some tasks to your trusted steeds.

    You can’t control every single nut and bolt in your business without losing your mind. Just in the same way you can’t keep track of your significant other’s movements with an RFID microchip.

    If you are a military dictator contemplating whether or not to delegate, it’s time to leave the beheadings to someone else so you can streamline and monetize your torturous ways.

    Intergalactic Space Travel Wars Afoot?

    The comments by Sir. Branson seem rather synchronic as news recently broke that the Virgin creator’s space venture to catapult a rocket into space for the first time is just “weeks away.”

    Unless you’ve been living under a moss-covered stone in Azerbaijan for the past couple of years or have been ‘on holiday’ in the State Pen, everyone knows Elon Musk’s plans for galactic space travel and other-worldly colonization.

    Could these latest remarks from Branson be a ruse and a touch of kidology on his part to put a seed of doubt in Musk’s mind? The timing is perfect as Musk is currently coming under fire from all quarters. It remains to be seen if the possibility of intergalactic space travel wars between Branson and Musk will come to fruition.

    The only question left for Elon Musk to answer is did he inhale on the Joe Rogan Experience? Or did he pull a “Bill Clinton”?

    Featured image from Shutterstock.

  • How Famed Rap Producer Scott Storch Blew $100 Million Fortune

    How Famed Rap Producer Scott Storch Blew $100 Million Fortune

    Everyone loves a good rags-to-riches tale, but nothing is more intriguing than watching a Greek tragedy unfold before your very eyes. Famed hip-hop producer Scott Storch was once at the pinnacle of the rap game. Within a few short years proceeding his prime, the producer had hit rock bottom and lost his $100 million fortune (and nearly his mind) in the process.

    For most fledgling hip-hop beat-makers, helping Dr. Dre to create the classic Chronic 2001 album would be the highlight of their career. But that was just the beginning for the then-mercurial keyboard player and wannabe rap producer from Philadelphia.

    Hip-Hop Royalty

    Storch created and played the famous piano hook on the worldwide Dr. Dre hit-single “Still Dre,” alongside other melodic hooks right across the critically acclaimed album. But he didn’t stop there. Over the next several years, the producer became hip-hop royalty and cemented his legacy as one of the greatest beat-makers of all time.

    Over the course of his heyday between 2001 to 2007, Scott Storch commanded $100,000 per beat and was regarded as the hottest producer in the game. Artists lined up to give Storch checks when his gravy train was in full swing.

    cocaine

    He worked with the likes of Beyoncé, Christina Aguilera, Fat Joe, 50-Cent, Chris Brown, Erykah Badu, Nas, Snoop Dogg, Justin Timberlake, The Game, and many more. His signature piano sounds and melodies are still etched into the fabrics of 2000s hip-hop and helped the funky white boy amass over $100 million in royalties.

    The problem was that this funky white boy began liking the white powder more than his Akai sampler and drum machines.

    The Fallen Scott Storch Empire

    In the early-2000s, Scott Storch lived in a stunning palatial sea-view mansion on Miami’s exclusive Palm Island at the peak of his career, which he referred to as the ‘Hit Factory.’ The house was worth $10 million at the time and was recently purchased by another rap music mogul, Birdman, for a cool $20 million.

    At the pinnacle of his success, Storch was taking ballin’ to unprecedented levels and might have even helped to coin the slang phrase. He owned a $10 million 117-foot superyacht and a stunning collection of 15 rare and collectible cars, including a $740,000 Rolls-Royce Phantom convertible.

    But as the white powder intake increased, so did Storch’s erratic decision-making as the producer simply kept buying lavish things he didn’t need.

    Talking about his high times in a Details Magazine interview, Storch said:

    “We’d be at the club [in Miami] and I’d decide to take everyone to Las Vegas [on my private jet]. Do more coke, f—k a bunch of girls. Be up for two days and decide at 11 in the morning to go buy a Rolls-Royce. I probably bought 10 cars when I was high.”

    Rumored to have bedded a litany of A-list celebrities from the 2000s such as Paris Hilton, Kim Kardashian, and Lil Kim, Storch stopped making beats while still reportedly paying $1 million per month on maintaining his lifestyle. Storch also reportedly blew $30 million in just six-months on partying with some of the most famous celebrities in the world.

    Life for the producer started to go downhill fast.

    By 2009, it had become apparent that Scott Storch was having real problems. Not only was he hampered by drug usage, but also in regards to paying bills. His $100 million fortune was already gone and he was waking up in a $10 million mansion with no electricity because he couldn’t afford to pay the bill.

    Storch had to reevaluate life and in recent years has turned his situation around. Returning to producing records and now off drugs, aside from his monumental marijuana consumption, Scott Storch is now in a happy place.

    Even though he lost his $100 million fortune, he still lives a relatively wealthy life due to his ongoing royalty and publishing payments from his classic hits, so don’t shed any tears for Scotty, he’s probably not driving around in a wreck.

    Featured image from Billboard.

  • Britain’s Most Expensive Millionaire Pad Sold for a Cool $210 Million

    Britain’s Most Expensive Millionaire Pad Sold for a Cool $210 Million

    Nothing says “I am filthy rich” like buying Britain’s most expensive millionaire pad. If you had a spare $210 (£160) million laying around or stashed in a Walter White-style hole in the desert, you could have been the owner of the flashiest and most expansive property in the United Kingdom. But not any longer.

    A lavish penthouse apartment in one of the swankiest parts of London has just been sold for a cool $210 million. The property sale has garnered a great deal of attention in the local and national media and amongst the growing litany of young and trendy multi-millionaires and billionaires that now make the metropolis their home.

    Swanky Millionaire Pad in Knightsbridge

    The penthouse is a prestigious One Hyde Park property, in the high-class and breathtakingly swank Knightsbridge area, just a stone’s throw from Chelsea’s Stamford Bridge. Chic, sleek, flash, prestigious, exclusive and expensive are just a few words to describe this stunning property. But is any home worth $210 million? Apparently so.

    Nestled in a prime high-end shopaholic location just meters from Harrods and Harvey Nichols and next door to the 5-star Mandarin Oriental Hotel, the penthouse is taking the phrase “conveniently located” to the next dimension.

    The Knightsbridge millionaire pad is spread over two floors and comes equipped with not one, but two wine cellars, which will tickle the fancy of even the most pretentious fermented grape consumer. There are two balconies looking majestically across Hyde Park offering first-rate elevated views of aging Tai Chi practitioners and cosmopolitan dog-walkers.

    The extravagant interiors scream decadence with dominating chandeliers, authentic oak floors and even bulletproof windows for the security conscious and paranoid schizophrenics.

    The SAS-trained security guards are on hand to deal with any undesirables unlawfully entering the property or to take out passing Hyde Park joggers with a sniper rifle.

    Exclusive One Hyde Park Development

    One Hyde Park is easily one of the most exclusive property developments in the world, purchased by the Candy Brothers in 2007. They initially bought the land for £150 million ($195 million) three years earlier and then went on to construct the 86-apartment complex in one of the most prime real estate spots imaginable. Tens of millions of pounds routinely change hands as the apartments are continually bought and sold.

    The buyers of the most expensive millionaire pad in the UK are remaining under the radar. Although it is known that the property was purchased in the name of two offshore holding companies on the tax haven island of Guernsey. Although the sale initially happened in May, the full details are only now coming to light.

    Featured image by Rob Deutscher.

  • Roman Abramovich Proves That Even Billionaires Have Money Problems

    Roman Abramovich Proves That Even Billionaires Have Money Problems

    When everyday people have money problems, it’s usually something on the frontline like struggling to pay monthly bills and so forth. When a Russian billionaire such as Roman Abramovich has money problems, it’s in regards to undervalued luxury properties on the French Riviera.

    Roman Abramovich is better known across the Western world as the owner of English Premier League (EPL) football club, Chelsea. But he’s also as a businessman that made billions of dollars amidst Russia’s oil industry scramble in the early 1990s.

    Although Abramovich is usually in the news for signing a new center forward for the London football club, this time it’s because he undervalued his €100 million French Riviera chateau to reduce his wealth tax payments.

    €1 Million Tax Bill for Russian Billionaire

    Estimated to be worth approximately €10 billion, Abramovich is positioned in the top 150 richest people in the world and is currently battling authorities over a €1 million tax bill in regards to his French Riviera home.

    The Russian billionaire purchased the villa, Cap d’Antibes, in an area called “Billionaire’s Bay” in 2001 in a popular French resort region between Nice and Cannes. He spent over €30 million on renovating the property.

    According to a Daily Telegraph report, he should have paid a higher price in “wealth tax.” By undervaluing the property at €41,000 per square meter, he now finds himself in hot water with French authorities.

    The 18.5-acre estate was once owned by the Duke and Duchess of Windsor and has an estimated living area of 2,400 square meters, which Abromovich claimed was worth half of the what the French Court of Cassation believes to be closer to the real value.

    Yet Abramovich is adamant that authorities have failed to take into consideration his spending on the renovations. However, when compared to similar properties in the region, the court ruled that Abramovich had underpaid on his wealth tax between 2006 and 2007.

    The Russian oligarch has been dealing with a number of issues over the past several months and has had high-profile run-ins with the UK authorities in regards to his visa, and other reports out of Switzerland saying that Abramovich could have links to organized crime, which the Russian has flatly and strongly denied.

    As the old adage goes “more money, money problems,” so will it be interesting to see how this pans out over the course of the next few months.

    Featured image by De Marina Lystseva.