Foreign Property News | Posted by Hnin Ei Khin
Sydney Sweeney is putting the money she’s making as a Hollywood star into real estate. The “Euphoria” actress recently spoke on “The Kelly Clarkson Show” about being able to afford to buy back her great-grandmother’s house after her family was forced to sell it years ago. “My great-grandma had this beautiful house... My grandma was born in it. My mom was born in it, and then as the kids got older, they built on the property another home,” Sweeney said. “And when my great-grandpa passed away and my great-grandma got old, they just couldn’t afford to keep it anymore... It was a lot.” Sweeney, who was born in Washington but...
Foreign Property News | Posted by Aye Myat Thu
Not only did Emma Stone just garner a Golden Globe win for her performance in the movie Poor Things, but the A-list actress also has decided to lighten her Los Angeles property portfolio. Records show Stone—who maintains a permanent residence in the Texas city of Austin—has stuck a nearly $4 million price tag on a relatively humble yet charming Spanish-style bungalow in the Comstock Hills area of Westwood that was long occupied by her mother. Though that’s around $1.7 million more than she paid for the place almost five years ago, back in spring 2019, Stone did extensively renovate the premises during her ownership. According to The Wall Street Journal, which...
Foreign Property News | Posted by Hnin Ei Khin
The widow of the former Samsung Electronics chairman and her two daughters sold billions worth of shares to help pay off their inheritance tax, The Korea Times reported, citing industry sources. Lee Kun-hee was the richest person in Korea at the time of his death in October 2020, with a fortune worth an estimated $21 billion, per Reuters. But due to South Korea's top inheritance tax rate of 50% — the second highest in the world — the family was hit with more than 12 trillion won, which is now around $9 billion, in tax bills. "It is our civic duty and responsibility to pay all taxes," the family said in 2021, adding that "the inheritance tax payment is one of the largest ever...
Foreign Property News | Posted by Si Thu Aung
Mark Zuckerberg since 2014 has been buying land on the island of Kauai, and now owns 1,400 acres. Mark Zuckerberg has become a farmer, announcing he has bought a herd of cattle which he will feed with macadamia meal and beer - aiming 'to create some of the highest quality beef in the world. The 39-year-old Facebook founder said he will raise the cattle on his ranch in Hawaii, feeding them the nuts for taste and protein, and the beer so the animals relax. Zuckerberg - who has a net worth of $126.5billion- has since 2014 been buying up hundreds of acres on Kauai, and now owns 1,400 acres of beachfront land on the north shore worth an estimated $270 million. 'Started...
Knowledge | Posted by Si Thu Aung
Amazon.com Inc. Founder Jeff Bezos, a key figure in modern business, saw a massive increase in his net worth from $107 billion in early 2023 to $177 billion a year later, marking a $70 billion gain, according to Fortune. This equates to an increase of $191,780,822 per day or about $7,990,868 per hour. To put this into perspective, Bezos earns the equivalent of the median lifetime earnings of a typical U.S. worker — $1.7 million in 2023 — in approximately 0.21 hours or about 12.76 minutes. In other words, what an average worker earns over an entire career, Bezos earns in just under 13 minutes. Bezos’s wealth growth is mainly driven by his ownership of Amazon...
Foreign Property News | Posted by Aye Myat Thu
In showing off a chic pink gown, JLo also showed fans her new crib. Ahead of the 2024 Golden Globes on Sunday night, Jennifer Lopez posted a video montage of her modeling a custom Nicole + Felicia Couture strapless gown around her recently purchased mansion — giving viewers a look inside. Although the purpose of the clip was ostensibly to offer fans a behind-the-scenes look at her Barbie-pink dress and matching, rose-adorned cape — it also put on display the interior of the Beverly Hills mansion she bought with her husband Ben Affleck in June for $60.8 million. Set on 5.2 acres of land in the famed 90210 ZIP code, the abode boasts 12 bedrooms and 24 bathrooms spread over...
Foreign Property News | Posted by Hnin Ei Khin
It would be difficult to find a better friend to the state of Minnesota than Glen Taylor, the self-made multibillionaire who grew up on a farm, built his businesses, raised his family, and still lives in the North Star State. Mr. Taylor, 82, has been immensely generous through the years, using his fortune to support a variety of organizations and causes in the state. Forbes estimates Mr. Taylor’s net worth at $2.9 billion, making him the richest person in Minnesota. Before becoming a billionaire businessman, state senator and owner of the Timberwolves and Lynx, Taylor grew up about 50 miles west of Mankato on a dairy farm in Comfrey. On Dec. 19, Mr. Taylor announced the launch of...
Knowledge | Posted by Shwe Zin Win
Nvidia CEO Jensen Huang's wealth has tripled this year to $44 billion, making him one of the top moneymakers of 2023. The microchip giant's cofounder has added $30.2 billion to his net worth since the start of January, propelling him to 28th place on the Bloomberg Billionaires Index as of Thursday's market close. Centibillionaires like Elon Musk, Mark Zuckerberg, and Jeff Bezos have seen their fortunes grow by considerably more, but nobody ranked below 14th on the rich list saw a bigger gain than Huang in dollar terms this year. Huang saw a greater increase in wealth this year than Bernard Arnault ($17 billion), Warren Buffett ($13 billion), Carlos Slim ($30.1 billion) or Mukesh Ambani...
Foreign Property News | Posted by Si Thu Aung
Cristiano Ronaldo is no stranger to luxury homes, and from the looks of his most recent real estate investment, the Portuguese soccer star is putting down roots in the United Arab Emirates following his first season with Saudi Arabian professional football club Al Nassr. The fleet-footed forward, who inked a roughly $200 million-per-year deal with the Riyadh-based team, just purchased a mansion in Dubai, The Daily Mail reported. (Cristiano Ronaldo has reportedly purchased a mega-mansion on 'Billionaires Island' in Dubai) (A long distance shot of Jumeirah Bay Island, which is better known as 'Billionaires Island', a secluded Dubai enclave...
Foreign Property News | Posted by Aye Myat Thu
In another big ticket property purchase involving a Bollywood personality, actor John Abraham has sealed a deal to buy a bungalow on Linking Road, Khar. The cost: Rs 75 crore. The property, 372 Nirmal Bhavan, is a ground-plus-two storey structure which belonged to Pravin Nathalal Shah and family. According to IndexTap.com, the deal with the actor was signed on December 27 for an agreement value ofRs 70.8 crore. An additional Rs 4.25 crore was paid as stamp duty. The land area is 7,722 sq ft while the bungalow's area is 5,416 sq ft. It is not known what Abraham plans to do with the property. Property market sources said the plot is located in a prime area of Linking Road...