For those of you that don’t watch Shark Tank, Daymond John is one of the investors on the panel and is most famously known for starting the clothing brand FUBU. Definitely one of the most successful clothing lines in street wear history. It’s good to hear from him about pretty much any topic that includes money. This time he sat down with Hot 97 and talked about why Kanye West won’t succeed in fashion. Watch the full interview below
Not our typical content, but it’s time to shine some light on one of the best CEOs to ever do it, Jeff Bezos. The Amazon founder bought The Washington Post today for $250 million. He’s looking to invent new ways to spread media in the company and had this to say about the acquisition. Click HERE for more info.
“We will need to invent, which means we will need to experiment. Our touchstone will be readers, understanding what they care about – government, local leaders, restaurant openings, scout troops, businesses, charities, governors, sports – and working backwards from there. I’m excited and optimistic about the opportunity for invention.”
No surprise here! We put in work up in the Emerald City. Seattle tops the list of the hardest working cities in America. The equation they used to determine this is pretty detailed, but I’ll let you visit Movoto’s site to see all of that.
1. Seattle, WA
2. Arlington, TX
3. Fort Worth, TX
4. Austin, TX
5. San Jose, CA
6. San Francisco, CA
7. Dallas, TX
8. Virginia Beach, VA
9. Washington, D.C.
10. Houston, TX
The 50 Hardest Working Cities in America By Movoto Real Estate
Man! Just when you think Diddy is done making moves for a bit, he goes ahead and does something bigger than the move before. We thought him being part of a new water company (AquaHydrate) was huge, but now his REVOLT music network has been picked up by Time Warner Cable. Maybe he’ll bring back a music channel that actually plays music videos like MTV used to instead of shows about teenage pregnancies. We’re excited to see that content that comes from this REVOLT network. Stay tuned for more info.
Well they didn’t actually make a zillion dollars, but they’re getting pretty damn close. “Fast & Furious 6″ made $275 million worldwide this weekend and the franchise is currently on pace to break a billion dollars altogether.
Looks like the deal that has been talked about all weekend is finally going through. Yahoo’s financial board has approved the $1.1 billion acquisition of Tumblr which will officially be announced on Monday. Yahoo was really the only company going after the blogging platform and still offered such a large amount. Tumblr CEO David Karp will stay at Yahoo for four more years and make sure everything flows the right way. Click HERE for the full story.
Sounds like 40 Glocc is pretty upset about what resulted from the fight that him and The Game had a while back and is coming after his money. Supposedly the YouTube video of the fight that went viral lost him some potential earnings and caused pain & suffering. Here’s the breakdown of what 40 Glocc is asking for. Wonder how far this case will go, if anywhere.
– $500,000 in pain and suffering
– $500,000 in emotional distress
– $750,000 in lost earnings
– $2 million for punitive damages
– $25,000 in medical expenses
– Various other stuff
It’s crazy to think what 50 Cent has done in the past 10 years. His album “Get Rich or Die Trying” was an instant success and can be put up there with all the classic hip-hop albums. The Vitamin Water deal also helped 50 Cent as he now has a net worth of $250 million. Click on the image and zoom in on the numbers listed above, you’ll be blown away. His social media presence is out of this world too!
It’s been a rough Summer and Fall for Facebook on the stock market, but today it finally closed above $30, which is the same level the company IPO’d at. This might be because of Facebook’s announcement of a “Mystery Press Event” coming soon. Click HERE for more info.
Why are rappers so bad with their money? Another day another rapper with tax problems, at least this time he admitted it. Fat Joe pleased guilty to failing to pay taxes on nearly $3 million in income he earned for performances and music royalties. Click HERE for more info.