Foreign Property News | Posted by Shwe Zin Win
Former boy wonder Blake Ross, 38, who co-founded the web browser Mozilla Firefox when he was just a teenager, is the latest boldface buyer at the Renzo Piano-designed 565 Broome St. condo in Soho. Ross, who has written with grace and humor about his condition of aphantasia — which means he can’t “see” anything in his mind’s eye and grew up thinking no one else could either — paid $8.25 million for the three-bedroom, 3½-bath condo, Gimme Shelter has learned. At 2,512 square feet, the 24th-floor residence comes with city skyline and Hudson River views. It had been on the market for $8.5 million, down from its $8.9 million asking price in...
Foreign Property News | Posted by Hnin Ei Khin
Meta Platforms Inc. CEO Mark Zuckerberg significantly increased his wealth in 2023, adding $84 billion to his net worth, as reported by Business Insider. As of January 2024, he is the fifth-richest person in the world with a net worth of $139.1 billion, according to the Forbes Real Time Billionaire's List. An increase of $84 billion in one year translates to an estimated $9.6 billion per hour or approximately $230.6 million each day. For context, the median net worth for U.S. families is around $192,900, while the average is about $1.06 million. In 2021, Facebook’s rebrand to Meta was a strategic move signaling a pivot toward the metaverse. This transition was not just a name...
Foreign Property News | Posted by Si Thu Aung
Steve Jobs is not just a 21st-century fashion icon but also an inspiration for all the techies around the world who aspire to one day make it as an entrepreneur. While Job’s fans know even the smallest details about his life and success principles, many overlook his intriguing antic of conducting a “beer test” during his interviews for Apple. It is said that the late Apple CEO used a “beer test” before hiring candidates for his company. Under normal circumstances, a job interview goes about in a rather mundane fashion. The setup often involves a face-to-face conversation with the candidate, with occasional tasks involved for the interviewee to...
Knowledge | Posted by Zarni Kyaw
The founder of Tata Group has been named the most charitable man in the world in the last century, according to a list prepared by EdelGive Foundation and Hurun Report 2021. The founder, Jamsetji Tata has also been named the biggest philanthropist in the world as he donated Rs 829734 crore. Bill Gates secures second place. Jamsetji Tata made most of his donations in the education and healthcare sectors. Tata began his charitable works in 1892. Jamsetji Tata breathed his last in 1904 and Tata Group Chairman Emeritus Ratan Tata now takes care of the philanthropic activities of the Tata Group. "Many of the philanthropists donated the second generation rather than the first, such as the...
Foreign Property News | Posted by Si Thu Aung
French group Kering, the brand behind luxury houses like Gucci, Saint Laurent and Balenciaga, is investing a whopping $963 million in prime New York City property, the company said in a press release Monday. (Kering is a French-based multinational corporation specializing in luxury goods. It owns the brands Gucci, Balenciaga, Bottega Veneta, Yves Saint Laurent, Creed and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault) (Gucci bought the retail property for a whopping $963 million.ZUMAPRESS.com) “With this transaction, Kering acquires exceptional retail locations on one of the world’s most iconic...
Knowledge | Posted by Si Thu Aung
Amazon founder Jeff Bezos is still using one of the original desks he made out of a door to save money shortly after founding the company to this day, according to a social media post from his girlfriend Lauren Sanchez. Sanchez posted a picture on Instagram on Sunday that showed Bezos working at one of the original door desks Bezos and colleagues made as cost-effective, homemade furniture when the e-commerce giant was still a young startup. (Jeff Bezos sits at an original Amazon door desk in a post from Lauren Sanchez on Instagram. (Lauren Sanchez Instagram / Fox News) After all these years… When I walked in on him working this morning, I took this picture," Sanchez...
Foreign Property News | Posted by Zarni Kyaw
The one-time home of Elvis Presley and his then-wife Priscilla Presley is on the market for $29,995 per month. This four-bedroom residence in Beverly Hills, CA, was the couple’s starter home. The lovebirds snapped up the lavish place in 1967, shortly after they married. So if you adore Elvis and you’ve got the means, you might consider this gorgeous perch in the coveted Trousdale Estates neighborhood. (Built in 1958.Realtor.com) (Living room.Realtor.com) (Kitchen.Realtor.com) (Bedroom.Realtor.com) (Bathroom.Realtor.com) (A pool, a patio, and a viewRealtor.com) A recent facelift freshened up the chic dwelling,...
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...