Remembering Malcolm Forbes on what would have been his 100th birthday. Read more from his family at the links in our bio.
Today, on what would’ve been his 100th birthday, we celebrate Malcolm Forbes and the very rich world he created and lived in with a series of articles and photos. During his 36 years as editor-in-chief, Malcolm Forbes turned his family's small publishing company into a world-famous brand, one redolent of power, entrepreneurship and wealth - through his ballooning, motorcycling, boating, collecting and entertaining, as well as his creating and orchestrating memorable events. Read more from members of the Forbes family remembering Malcolm Forbes and his legacy at the link in our bio.
Hong Kong's richest man Li Ka-Shing's property investment arm has struck a $5.59 billion (£4.6 billion) deal for Britain's largest pub and brewery company Greene King. CK Asset Holdings, founded by billionaire Li Ka-shing, will pay $3.28 billion (£2.7 billion) for the brewery company, founded in 1799, and take on its debt, worth an additional $2.31 billion (£1.9 billion). According to documents filed at the London Stock Exchange, Greene King shareholders will be entitled to receive 850 pence in cash per share. George Colin Magnus from CK Bidco, a subsidiary of CKA, commented that pubs remain an “important part of British culture” and the ticked all the boxes for “businesses with stable and resilient characteristics and strong cash flow generating capabilities.” Greene King is listed on the London Stock Exchange and its shares rose over 50% on the news of the deal. (📸: Yui Mok/PA Images via Getty Images)
Steve Martin, commonly known as a comedian, actor or musician, is also a world-class art collector. September 6 at Gagosian gallery in Beverly Hills, California where a portion of Martin and wife Anne Stringfield’s collection of Indigenous Australian art is being showcased. Desert Painters of Australia Part II: With Works from the Collection of Steve Martin and Anne Stringfield expands on a New York-based version of the show exhibited earlier in 2019, providing visitors rare access to a category of artwork largely unknown in the West and rarely exhibited outside of Australia. Martin had been seriously collecting art for years before coming across an article in the New York Times “Fine Arts” section in 2015 detailing a local show featuring Warlimpirrnga Tjapaltjarri, an Aboriginal Australian artist. Intrigued, in town, and with his afternoon open, Martin hopped on a bike and cycled to the show. Blown away by what he saw, he purchased a painting and a passion was sparked. (🎨: Makinti Napanangka 📸: Rob McKeever/Gasgosian)
Pessimism is 🗑.
This week, agents from the Federal Bureau of Investigation descended unannounced on the home and business of Nate Paul, a young Texas real estate investor who became known for buying up prominent real estate assets in the state capital of Austin. The FBI confirmed the raids to Forbes but declined to specify the nature of its search at Paul’s sprawling 9,175-square-foot Austin home or the downtown Austin offices of his World Class Holdings. Local media reported FBI agents were spotted leaving World Class’ offices with documents. Paul, 32, and World Class Holdings, were the subject of a complimentary Forbes article in 2017, which described how Paul had snapped up commercial real estate in Austin, including valuable downtown locations and 3M’s 158-acre campus, and built a large self-storage company with 60 or so sites across the nation. In certain deals, Paul had the financial backing of prominent investors, like private equity billionaire Robert Smith, the Austin Police Retirement System and a real estate debt fund managed by Ares.
One of the world’s greatest philanthropists died 100 years ago. In his book The Gospel of Wealth, Andrew Carnegie wrote that no wealthy person should leave money behind. "Men who leave vast sums in this way may fairly be thought men who would not have left it at all, had they been able to take it with them". Carnegie set up over 3,000 public libraries around the world, one of his greatest philanthropic legacies, as well as donated an estimated $300 million during his lifetime. Carnegie believed so strongly that wealth should be given away during one's lifetime that he favored a 100% inheritance tax. Read more about what modern millionaires can learn from Carnegie at the link in our bio. (📸: Buyenlarge/Getty Images)
The Trump administration has been working for the past few years to revise the landmark legislation that has protected threatened plants and wildlife since it was signed into law by Richard Nixon. Now the final draft of a significantly weakened Endangered Species Act has been released with changes set to go in effect as soon as mid-September. The changes center around a few key sections and even individual word choices that may seem minor at first, but can actually have far-reaching implications. Click the link in our bio for a simple list of what, exactly, the changes to the federal government's regulations governing endangered species will actually do. (📸: AFP/Getty)
Pain can be a great teacher.
The top ten movie car stars have wildly varying rates of appreciation in the collector car market, from the DeLorean DMC in Back to the Future to the 1970 Dodge Charger from The Fast and The Furious. But the number one, of course, had to be a Bond car, James Bond's Aston Martin DB5 in Goldfinger. The current average price for an original 1963 DB5 is $620,230, an increase of 11,154 percent over the original $5,511 price. The two prototypes had concealed weapons, revolving license plates, an ejector passenger seat and other brilliant gadgetry for 007. Aston Martin announced last summer it would build 25 reproductions of the DB5 with hidden gadgets for a price of $3.6 million each. See the other valuable movie cars at the link in our bio. (📸: Bettman Archive)
The Brooklyn Nets are changing hands, two years ahead of the expected transfer of the NBA team from Mikhail Prokhorov to Joe Tsai. Tsai, an Alibaba cofounder, agreed to pay $1 billion last year for 49% of the Nets and $1.35 billion in three years for the remaining stake in the team. But the accelerated timetable, first reported by the New York Post, was announced on Friday. Tsai is not just taking control of the basketball franchise; he’s also agreed to buy the operating rights to the Barclays Center, where the Nets play, in a separate transaction (the state owns the building itself). The combined cost of the team and the arena rights is expected to be roughly $3.3 billion, including debt. That smashes the record sale price of a sports team, set last year when hedge fund manager David Tepper paid $2.28 billion for the Carolina Panthers. The NBA record was set in 2017 by Tilman Fertitta, who paid $2.2 billion for the Houston Rockets. (📸: Getty)
Authenticity is key.
🌊 The Ocean Cleanup, which launched with great fanfare only to fail shortly after, is trying again. The Ocean Cleanup isn't giving up. Its inventor thinks an "overtopping" issue may be the last one to solve, and an upcoming modification brings the effort closer than ever to cleaning up the Great Pacific Garbage Patch. The Ocean Cleanup is essentially a big rake that picks up floating plastic. Only this lawn contains more than 176 million pounds of plastic and is twice the size of Texas. Read more about why this time is different at the 🔗 in our bio. (📸: The Ocean Cleanup)
Are color changing tattoos the future of health monitoring? Scientists in Germany have developed three different tattoo dyes that change color based on the levels of certain health markers in the blood. One of the dyes responds to pH, and gradually changes between yellow and blue depending on whether the blood is more or less acidic. Another dye reacts to changing glucose levels by changing from light green to dark green and could help people manage their diabetes. The third dye moves between shades of light blue based on the level of albumin in the blood, which is of particular interest to people who are at risk of liver failure or kidney failure. So far, these dyes have only been tested in pieces of pig skin, under controlled lab conditions. It remains to be seen whether they work as well on living human skin. Clearly, much more research is needed on these types of health-monitoring tattoo dyes, but if they become available for use, they could create an interesting way to monitor health. (📸: Getty)
Billionaire Salesforce CEO Marc Benioff and his wife, Lynne, announced a $35 million donation to a pair of Bay Area universities - University of California San Francisco and Stanford, that will go toward medical research involving the human microbiome, continuing the couple’s penchant for giving to institutions and causes around San Francisco, where Salesforce is based. The human microbiome—the 100 trillion bacteria that live in the human body—is an emerging field of study that has been linked to conditions such as inflammatory bowel disease, celiac disease, obesity, colon cancer and autism. (📸: Eric Risberg/AP)
It’s still early in the 2020 election season, but the country’s billionaires are already backing their favorites: Pete Buttigieg leads the pack with donations from 23 billionaires. Click the 🔗 in our bio to see the Democratic presidential candidates with the most donations from billionaires. #2020Money (📸: Scott Olson/Getty Images)
Everyone knows Donald Trump is rich. But how about the 25 people jockeying to replace him as president? Forbes dug into the details—examining financial disclosure statements, scouring local real estate records and calculating pension benefits—to figure out the finances of the 2020 candidates. Click the link in our bio for the net worth of every 2020 presidential candidate. #2020Money (📸: Zach Gibson/Getty Images)
Last week, Level Ex announced that it received a year-long grant from the Translational Research Institute for Space Health to create simulations of human health in space. Level Ex isn’t your average video game company. Instead of stealing cars or street fighting, its games focus on the human body, creating video games for doctors and other medical professionals that want to practice complicated procedures. Now the company aims to help astronauts stay healthy on long-term missions, such as going to Mars. The grant of an undisclosed amount from the Translational Research Institute for Space Health (TRISH), an organization that is led by Baylor College of Medicine’s Center for Space Medicine and is funded by NASA’s Human Research Program. The grant will provide funding for Level Ex to create a virtual simulation that can show how human anatomy and medical procedures will differ in space versus on Earth. Eventually, the company hopes to create medical video games that can be used to train astronauts on health situations they may encounter while in space. Level Ex has made many exciting products over its four year history, says founder and CEO Sam Glassenberg, but “this one is something special.” (📸: Getty)
Billionaire Sir James Dyson is set to splash out again on a second luxury property in Singapore just weeks after spending a reported $54.24 million on the city-state’s most expensive penthouse. Dyson, known for his bagless vacuum cleaners, has spent a reported $33 million on a weekend pad overlooking the famous Singapore Botanic Gardens. The home features an infinity pool and an indoor waterfall and comes just weeks after he snapped up the city-state’s priciest penthouse– a 21,000-square-foot penthouse on the 62nd to 64th floor of Guoco Tower boasting five bedrooms, a private swimming pool, cabana, jacuzzi room, a private bar and panoramic city views. Dyson’s decision to relocate to Singapore to oversee the production of his new electric car venture was controversial in his native U.K. Dyson said his decision was based on the availability of engineering talent and the city’s proximity to its target markets, namely China. (📸: Gus Architects)
Bill Cosby’s lawyers are appealing sexual assault conviction, and the outcome could have ramifications for other #MeToo cases. Lawyers for comedian Bill Cosby will ask Pennsylvania judges Monday to throw out his sexual assault conviction under the argument that an error was made during his 2018 trial. The judges’ decision, which is not expected to be made for a few months, might create precedent for other cases, like Harvey Weinstein, R. Kelly, and Kevin Spacey. Cosby, 82, is considered the first celebrity to be convicted of sexual assault in the #MeToo era. He’s serving a three-to-10 year prison sentence for drugging and molesting Andrea Constand in 2004. Despite over 50 women (including former supermodel Janice Dickinson) claiming Cosby drugged and sexually abused them, dating back to the 1970s, only Constand’s accusations fell within the statute of limitations for such cases. Cosby denied all allegations, and claimed any encounters he had with Constand were consensual. (📸: Getty)
When fertility clinics get it wrong. Assisted reproductive technology (ART) has been an invaluable benefit, allowing millions of people throughout the world to create new families. In the United States, almost 2% of children are born each year with the help of ART, and more than 10 % of women of childbearing age have sought infertility services. Yet as an increasing number of people use fertility services, the industry has outpaced regulation. There are relatively few federal laws in the United States that are concerned with regulating assisted reproductive technology, and no single federal agency is charged with oversight of the fertility industry. First, laboratories dealing with human tissue, including eggs and sperm, are covered by the Clinical Laboratory Improvement Amendments Act of 1988. But the Act does not cover embryology labs, which means that it excludes egg retrieval and fertilization. Some states, like California, require that fertility labs be accredited, although Ohio – and other states – does not. Second, federal law provides that fertility clinics should report their pregnancy success rates to the Centers for Disease Control (CDC); the clinics that don’t comply continue operating. Third, federal law directs the FDA to screen human donors and tissues for infectious disease and risks of communicable diseases. This doesn’t cover genetic testing, there is no verifying of much of the information, and the fertility industry convinced Congress to add an exception that prevents the FDA from "exercising supervision or control over the practice of medicine in assisted reproductive technology programs." More at the link in our bio. (📸: AFP/Getty)
Last Thursday, Greenland experienced its largest single-day volume loss on record, sending an estimated 12.5 billion tons of ice pouring into the Atlantic Ocean. Climate Scientist Martin Stendel calculated that the amount of ice melt last Wednesday and Thursday was enough to cover the entire state of Florida in five inches of water. The loss of 12.5 billion tons of ice in 24 hours was the largest since advance measurements began in 1950. Looking over the entire island, about 60% of the entire island's surface ice experienced melting during those days. With elevations as high as 12,000 feet and the latitude equivalent to the high northern Canadian Arctic, it is surprising that such a large portion of the island reached melting temperatures. In total, 197 billion tons of ice melted this past month, pouring the equivalent amount of water into the Atlantic Ocean. It was enough water that satellites picked up on the change in global average sea levels from just one month of melt. (📸: Getty)
Nothing pairs better with a well-crafted cocktail than an astonishing view. Gazing out over a glittering city makes you slow down and savor that libation more. A sky bar also upgrades the experience: it feels more luxurious to drink a highball when you’re higher up. Sit along the edge of Singapore’s vertiginous Marina Bay Sands at this 57th-floor open-air bar - check out our list of the world’s best hotel sky bars at the link in our bio. (📸: Getty)
Today, Jeffrey Epstein, 66, accused child sex trafficker, died by suicide according to prison officials, after reportedly hanging himself in a Manhattan jail, where the former financier was held after being indicted in July on federal sex trafficking and sex conspiracy charges. Many questions remain. More at the link in our bio. (📸: AP)
Become an expert.
Audi, the European premium carmaker, is taking on the urban electric scooter trend, and has created the e-tron Scooter, a fun and practical transport idea designed for sporty urban riders, offering the advantages of the electric scooter with the dynamics of skateboarding. Audi has been at the forefront of electric cars for some time and we are beginning to see the first examples of its clean production cars branded under “e-tron”. The German premium carmaker is continuously exploring future technology to help feed into the e-tron project. The scooter weighs only 12 kg and can be easily folded up to be taken on a bus, a train or placed in the back of the car. When folded, it can also be pulled like a trolley. (📸: Audi AG)
According to the AAA, the national average for high-octane petrol stands at $3.26 a gallon. If you live in California, you’ll pay the most in the nation for a gallon of premium at an average $4.07. What’s more, if you drive a gas-guzzler, you’ll be responsible for spewing additional pounds of greenhouse gases into the atmosphere. These emissions include carbon dioxide, nitrous oxide, and methane, which are said to be major contributors to global warming. Click the link in our bio for the list of the 10 fastest sport coupes and convertibles that get the best fuel economy. Each can make the sprint to 60 mph in less than five seconds and still get 20 mpg or better in city driving. No. 2 on the list is the Porsche 718 Boxster S. Annual fuel cost: $2,100. Annual CO2 emissions: 6.2 tons. This is the roadster alternative to the Porsche Cayman, Sharing that models turbo-four engine it’s every bit as quick, with relatively low emissions and fuel costs. (📸: Porsche)
🚲 Bicycle architecture biennale showcases world's wow-factor cycling infrastructure. The best-of-the-best bike routes are featured in the second edition of the Bicycle Architecture Biennale, a collection of fifteen visually striking cycle-related design projects, some of which have already been built. The Biennale is curated by BYCS, a Dutch social enterprise which promotes transport cycling. The goal of BYCS is to get half of all city trips to be made by bicycle by 2030 by building a ‘wow’ infrastructure, and become a tourist attraction that make people go on detours to get to them. More at the link in our bio. (📸: Burolandschap)
Is it about the 💰?
20,000-square-foot Hollywood Hills home has listed for $43.9 million. The home’s listing agents (who also happen to star in the television show 'Million Dollar Listing LA,' James Harris and David Parnes) recently represented the former Spelling manor, which broke California price records when it sold for $119 million. This five-bed, nine-bath home features a 163-foot-long infinity pool with an outdoor screen that rises up and can tilt in several directions so you can watch from one of the upper levels, including the 5,000-square-foot rooftop deck. The inner core of the house has a two-story waterfall, or rain curtain, that connects to water from the infinity pool up above. The glass throughout the house cost about $1 million due to it being one of the thinnest residential glass products on the market. The home also come with a large wine storage facility, an elevator that can be programmed to travel straight up to the roof so guests can't stop on the bedroom level, a multi-car garage, a screening room that can double as an art gallery and a spa that includes wet and dry saunas as well as cold and hot water plunge pools. (📸: The Agency)
Barneys New York has filed bankruptcy and plans to scale back to just seven open stores. The company entered into a loan that will bridge the business until it finds a buyer. But there aren't buyers in the market for this kind of asset and liquidation is the inevitable result. Read more about their future at the link in our bio. (📸: Drew Angerer/Getty Images)
Barefoot College is training women in developing countries to become solar engineers AKA “Solar Mamas” to bring power and light to their villages. Throughout the world, 1.1 billion people live without power, meaning once the sun goes down, they can neither work nor learn. What's more, these homes often use kerosene lamps, which produce high levels of air pollution. Women are particularly at risk as they suffer from smoke inhalation when cooking. Over the course of six months, these “Solar Mamas” learn to build, install and maintain solar panels and batteries to provide a renewable source of energy to their communities. Because the majority of these women are illiterate, the program uses mostly visual learning tools, like color-coded pictures and manuals. They are also trained in soft skills like budgeting and accounting to foster financial inclusion, use of technology to open them to digital inclusion, awareness around reproductive health and micro-enterprise skills, to empower them socially and economically. Once the mamas return to their villages, they become a source of power, literally, by installing the hardware. But they also become powerful figures within their communities. Since 2016, global law firm Hogan Lovells has been assisting Barefoot College with pro bono legal advice to open four new training centers in Africa. The practice has also raised $400,000 in donations from clients and employees to fund part of this initiative. More info at the link in our bio. (📸: Barefoot College)
Keep an eye on the younger generations.
The Labor Department’s much-anticipated July jobs report released last week offers a mixed bag for real estate. The upside is that a tight labor market will continue to underpin the housing market like a safety net for now. However, a weak increase in construction jobs promises little relief for the ongoing housing shortage and affordability struggles first-time buyers face. According to the report, the U.S. labor market pulled off a solid, albeit not outstanding, performance in July with the addition of 164,000 new jobs. The unemployment rate held steady at 3.7%. Wage growth also increased one-tenth of a percentage point to 3.2%, exceeding expectations. July marks 106 straight months of job gains and cements the longest period of economic expansion in U.S. history. The jobs report indicates that an anemic construction industry will continue to exacerbate the acute housing shortage, as affordability remains a struggle for buyers. More at the link in our bio. (📸: John Greim/LightRocket via Getty Images)
🐝 Pesticides have been proven toxic to bees, one of the most important contributors to our food ecosystem — but they were created for a reason, too. Contrary to what we might assume, researchers have found that urban bees tend to live healthier lives than rural ones — they reproduce more, have more food stores, encounter fewer parasites and live longer. Pesticides are a tricky topic — while they are great for the crops they are meant to protect, they harm the bees that agriculture relies on. Their use sparked debate at the Forbes 2019 AgTech Summit, where beekeepers discussed the impact of these chemicals for bees, and the potential research still needed to understand their effects, and how technology, urban settings and regulation will affect the future of pollinators. Read more about their thoughts on navigating the balance at the 🔗 in our bio. (📸: Getty)
Welcome to Osceola, Arkansas (pop. 6,764), onetime home of legendary blues guitarist Albert King and headquarters to Big River Steel, the future of steel production on the planet. The mini mill, which is producing 4,500 tons of hot-rolled steel each day or about 1.65 million per year, began operating only 31 months ago thanks to almost $1 billion in high-yield-debt financing, a slug of equity from Koch Industries, Arkansas’ teachers’ pension fund, private equity firm TPG Capital and the sheer operating zeal of a little-known investment banker named David Stickler. “We view ourselves as a technology company that just happens to make steel,” says Stickler, pounding his fist on a table for effect. After his partner dropped dead, globetrotting financier David Stickler found himself at the helm of a steel mill startup in rural Arkansas - read about how he got there and how Arkansas is now home to America’s cleanest steelmaker. (📸: Tim Pannell)
Tag a friend you've brainstormed with about starting a new business...
☕️ Coffee farmers are in crisis, thanks in part to falling prices. In an effort to address the crisis, Starbucks recently made loan payments to its farmers in Guatemala, Nicaragua, El Salvador and Mexico. Coffee is one of the more challenging crops to grow, says agricultural economist David Ortega, PhD, who has done research with growers in Rwanda. Coffee farmers are usually the lowest paid in the supply chain. Even worse, he says, “the price that coffee farmers receive for their coffee cherries...is barely above the cost of production.” Growers from 24 countries met recently in Brazil to discuss the possibility of raising the minimum price for coffee, but there’s another problem: coffee farmers are often stuck with their cost of production. That’s particularly true for the smallest and largest growers, according to Ortega’s research. The smallest growers often lack the money to pay for improvements, while the largest growers have plenty of capital but lack the incentive to invest, since they often rely on other sources of income. As a result, only the mid-size growers have a chance of making any significant improvement. More at the 🔗 in our bio. (📸: Joshua Trujillo, Starbucks)
Following blackface controversy, Gucci's taking its diversity and inclusion efforts a step further with the appointment of a new diversity head. When a Gucci sweater was widely criticized for evoking blackface symbolism and backlash spread across the social media sphere, the luxury fashion brand sought to put out the fire by announcing a four-step action plan to promote diversity and inclusion awareness within the company. Now, in what appears to be a deeper effort to show it’s taking diversity and inclusion efforts seriously, Gucci named Renée Tirado as its first-ever global head of diversity, equity and inclusion. Tirado is the former chief diversity and inclusion officer for Major League Baseball. “[A chief diversity officer] is common in higher education, but given social media and consumer demands, it’s now placed more pressure on companies and corporations to do the same thing,” Ronald Milon, chief diversity officer at the Fashion Institute of Technology, told Forbes. Companies with more ethnically diverse executive teams are 33% more likely to outperform competitors, according to a study conducted by management consultant firm McKisney & Company, and it looks like fashion brands are catching on. (📸: Getty)
⛳️ Coming in at No. 15 on our 2019 list of highest-paid female athletes is Ariya Jutanugarn, with a total earnings of $5.3 million, $3.3 million in prize money and $2 million in endorsements. Jutanugarn won the LPGA Tour’s Race to the CME Globe season-long points competition and the accompanying $1 million bonus. The Thai pro golfer has more than 10 endorsement partners, including Titleist, Toyota, KBank and Thai Airways. There are 15 female athletes who made at least $5 million over the past year; for comparison roughly 1,300 male athletes will hit that mark this year. The top 15 earned a cumulative $146 million, compared with $130 million last year. It’s an international crew with athletes from 11 different countries represented. Click the 🔗 in our bio for the full list. (📸: Rey Del Rio/Getty Images)
Remembering Toni Morrison.
Enter any given station in the Stockholm metro, or Tunnelbana, and odds are there'll be some form of public art to see. "It’s important," said Sofia Broman. Business Manager Art at SL, "It brings something more to the trip when you’re traveling on a daily basis, and there’s always something new to explore. There’s so many details, and the artists work with the entire station. It’s not just plopping a piece of art or sculpture here or there – the entire station is a piece of art." The first public art project in Stockholm's metro goes back to 1956, and they've been making art a priority ever since. (🎨: Lars Arrhenius, 📸: Markus Hallberg)
Today was the worst day in 2019 for stock markets, and some of the world’s richest people took the biggest hit. Eighteen billionaires saw their net worth drop by $1 billion or more on Monday. Stocks plummeted as China devalued its currency reportedly to its lowest level against the dollar since 2008. The change followed President Donald Trump’s announcement on Thursday that he would continue to impose tariffs on Chinese imports. The day’s biggest loser was LVMH CEO Bernard Arnault of France, whose net worth fell by $4 billion, to $91.7 billion. The weakened Chinese currency will make foreign goods, like LVMH’s luxury handbags and perfumes, more expensive to Chinese consumers. Other big losers Monday include Mark Zuckerberg and Larry Ellison, whose net worths dropped $2.7 billion and $2.5 billion, respectively. Click the 🔗 in our bio to see the billionaires whose net worth plunged the most. (📸: Eric Piermont/AFP/Getty Images)
Jeff Bezos has sold another $990 million worth of Amazon shares. Amazon founder and CEO sold over 530,000 Amazon shares in the first two days of August. After taxes, he will net an estimated $750 million in cash from the sales. This is after the stock he sold the last three days of July. This means he has sold nearly $3 billion (pre-tax) worth of shares in 5 days. As the richest man on earth, Bezos is now worth an estimated $110.1 billion, using Monday’s closing share price for Amazon. According to documents filed on Monday afternoon with the Securities and Exchange Commission, the world’s richest man sold over 530,000 shares of Amazon when the stock price was around $1,900 a share. On Monday, the stock closed at $1,765 a share. (📸: AP Photo/John Locher)
Universal Orlando Resort has announced a new Orlando theme park, promising 14,000 new jobs. The new park, called Epic Universe, will nearly double the park’s acreage, as it continues to battle arch-rival Disney. In 2018, Universal theme parks generated $5.7 billion, while Disney brought in $20.3 billion. Comcast, Universal’s parent company, has not confirmed an opening date for the park or what intellectual property will be included. Rumored new lands include Nintendo and another Harry Potter world. (📸: Getty)
Always get back up.
Gloria Vanderbilt first seized America’s attention in 1934, with what newspapers across the world deemed the trial of the century. It seemed to offer everything—sex, royalty, America’s highest society and, of course, money—and the country couldn’t get enough. At the center of it all: Gloria Vanderbilt, a 10-year-old heiress with a short black bob and tan winter coat, surrounded by detectives who casually pushed aside the photographers straining to capture her image. The “Poor Little Rich Girl” went on to lead a full life, eventually getting into acting and fashion. Her son, Anderson Cooper, believes those efforts were an attempt to shed the scandal that introduced her to the world. Of “wanting to make something of her life and not wanting to be defined by this event that had happened to her.” Read the captivating story of Gloria Vanderbilt at the link in our bio. (📸: Charles Sykes/NBCU/Getty Images)