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Bezos passes Buffett, becomes third-richest person — Forbes

Jeff Bezos, the founder and chief executive of Amazon.com Inc (AMZN.O), has become the world's third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hath.....»»

Category: newsSource: mb.com.ph mb.com.phJul 29th, 2016

Bezos tops Forbes world’s rich list as Trump wealth drops

PARIS: Amazon chief Jeff Bezos is now the world’s richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine’s annual billionaires list published Tuesday. US President Donald Trump’s ranking on the list fell to 766th place from 544th in the last edition, his wealth [...] The post Bezos tops Forbes world’s rich list as Trump wealth drops appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 7th, 2018

Bezos tops Forbes world s rich list as Trump wealth drops

PARIS, France — Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second.....»»

Category: newsSource:  philstarRelated NewsMar 7th, 2018

Bezos a $100 billion man as Amazon rises on cyber shopping

Amazon founder Jeff Bezos was a $100-billion man on Monday as the online retail colossus raked in cash from the holiday weekend's cyber shopping spree. Forbes magazine's real-time ranking of the richest people had Bezos on top, with a personal net worth of $100.3 billion. Microsoft co-founder Bill Gates saw his net worth climb to a dizzying $89.4 billion but was relegated to being the second most affluent person on the planet. Bezos owns almost 17 percent of Amazon, which he founded in a Seattle garage in 1994 after quitting a hedge fund job to sell books online. Amazon shares finished the official trading day up just shy of a percent, and inched up a bit more i...Keep on reading: Bezos a $100 billion man as Amazon rises on cyber shopping.....»»

Category: newsSource:  inquirerRelated NewsNov 28th, 2017

Amazon’s Jeff Bezos becomes world’s richest person – briefly

NEW YORK: Amazon founder Jeff Bezos on Thursday became the world's richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, a new estimate showed. Forbes magazine said its real-time tracking of personal fortunes showed Bezos with a net worth of $90.5 billion, [...].....»»

Category: newsSource:  manilatimes_netRelated NewsJul 28th, 2017

Bezos probe concludes mistress’ brother was Enquirer source

WASHINGTON, United States --- Private investigators working for Jeff Bezos have concluded that the brother of the Amazon CEO's mistress leaked the couple's intimate text messages to the National Enquirer, a person familiar with the matter told The Associated Press on Monday. The person wasn't authorized to discuss the matter publicly and spoke to AP on condition of anonymity. The findings add to the intrigue surrounding the clash between the pro-Trump tabloid and the world's richest man. Bezos' investigators have suggested the Enquirer's coverage of his affair was driven by dirty politics. Trump has been highly critical of Bezos over his ownership of The Washington Post and Ama...Keep on reading: Bezos probe concludes mistress’ brother was Enquirer source.....»»

Category: newsSource:  inquirerRelated NewsFeb 12th, 2019

BREAKING: Henry Sy Sr. — PH’s richest man and philanthropist — passes away

MANILA, Philippines--Taipan Henry Sy Sr.,who rose from being a penniless Chinese immigrant to leading a multi-billion dollar business empire, passed away on Saturday, according to a member of the Sy family. Sy was 94 years old. "[He] passed away peacefully in his sleep early Saturday morning," according to a statement released by one of the conglomerate's officials, adding that the particulars of the retail magnate's wake and interment were still being worked out. RELATED STORY: The Henry Sy Playbook: 9 lessons from PH's richest man Sy had been the country's richest man for 11 years in a row, according to Forbes magazine, which estimates his net worth at $19 billion. H...Keep on reading: BREAKING: Henry Sy Sr. — PH’s richest man and philanthropist — passes away.....»»

Category: newsSource:  inquirerRelated NewsJan 19th, 2019

Leicester owner s helicopter crashes in flames at EPL club

LEICESTER, England (AP) — A helicopter belonging to Leicester City's owner — Thai billionaire Vichai Srivaddhanaprabha —crashed in flames in a carpark next to the soccer club's stadium shortly after it took off from the field following a Premier League game on Saturday night. The central England team said it was assisting authorities with "a major incident" at the stadium, after eyewitnesses reported seeing the helicopter plummet to the ground soon after takeoff, about an hour after Leicester's match against West Ham. While there was no official statement immediately forthcoming about who was on board, or their condition, the BBC reported a source close to the Srivaddhanaprabha family as saying the club's 60-year-old chairman was on the helicopter. Some seven hours after the crash, police had still made no public statements about casualties. However, in the early hours of Sunday, Leicestershire Fire and Rescue Service's Assistant Chief Fire Officer Andrew Brodie tweeted that the accident was "clearly serious and tragic", adding "please don't speculate on cause or who may be involved. Think of families, friends, responders, and (Leicester City) and their fans." Leicester Police said in a statement that its Air Accident Investigation Branch was working alongside the emergency services and the club to "establish the exact circumstances of the collision." Britain's Daily Telegraph newspaper reported Leicester players and staff, including Denmark goalkeeper Kasper Schmeichel, former Leicester and England goalkeeper Peter Shilton, and distressed club supporters were seen in tears as the helicopter fire raged. The paper said it took more than 20 minutes for the flames to be extinguished before emergency services were able to survey the wreckage. Srivaddhanaprabha, who owns Thai duty-free retail giant King Power and is said by Forbes to be the fifth-richest person in Thailand, bought Leicester in 2010 and provided the funds that helped the team improbably win the Premier League at odds of 5,000-1 in 2016. In a scene regularly seen after matches, Vichai's aircraft arrived in the King Power Stadium after Saturday's 1-1 draw against West Ham before taking off from the center circle. The helicopter usually takes Srivaddhanaprabha back to his English base, in Berkshire, outside London. Photographer Ryan Brown reported hearing the engine stopping after the helicopter cleared the stadium. "I turned round and it made a bit of a whirring noise, like a grinding noise," Brown told the BBC. "The helicopter just went silent, I turned round and it was just spinning, out of control. And then there was a big bang and then (a) big fireball." British broadcaster BT Sport was presenting its post-game show in the stadium when the helicopter took off. "It suddenly got very serious," BT presenter Jake Humphrey announced later on air. "The helicopter has crashed. It has crashed in the club carpark ... we heard a commotion." The local ambulance service said it received reports of a helicopter crash at 8:38 p.m. local time and sent a doctor, two paramedics in ambulance cars, a crewed ambulance and its Hazardous Area Response Team. "The first resource (arrived) within two minutes of the call," the ambulance service said. An indication of concerns within the Leicester squad came on social media. The emoji of praying hands was tweeted by several players, including striker Jamie Vardy, whose goals helped the 134-year-old team win the English title for the first time in 2016. The competition's organizers tweeted: "Thoughts from all at the Premier League are with everyone affected by tonight's incident.".....»»

Category: sportsSource:  abscbnRelated NewsOct 28th, 2018

Amazon s Jeff Bezos unveils $2B philanthropic fund

  WASHINGTON, USA – Amazon founder Jeff Bezos, the richest person on the planet, announced Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial $2 billion. Bezos made the announcement on Twitter a year after asking for ideas on how ........»»

Category: newsSource:  rapplerRelated NewsSep 14th, 2018

Twelve Filipinos make it to Forbes billionaires club

By Krista A. M. Montealegre National Correspondent HENRY SY, Sr., the founder of the SM Group of Companies, was named the Philippines’ richest man for the 10th straight year, leading 11 other Filipinos in the world’s billionaires’ club, according to an annual ranking published by Forbes magazine. Amazon Chief Executive Officer Jeff Bezos claimed the […] The post Twelve Filipinos make it to Forbes billionaires club appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 8th, 2018

Amazon's Jeff Bezos becomes world's richest person

Amazon's Jeff Bezos becomes world's richest person.....»»

Category: newsSource:  rapplerRelated NewsJul 28th, 2017

Amazon s Jeff Bezos was briefly the world s richest man

NEW YORK — Amazon CEO Jeff Bezos briefly became the world's richest man Thursday in Forbes magazine's tracking of wealth, as stock in his e-commerce company.....»»

Category: financeSource:  philstarRelated NewsJul 28th, 2017

Jordan s weight reaches farther than court in NC

By Steve Aschburner, NBA.com CHARLOTTE -- Unlike Mark Cuban and James Dolan, the host of the 2019 NBA All-Star Game was voted in 14 times to participate and played in 13. Quite different from Micky Arison and Glen Taylor, the team owner whose arena and city will be the center of All-Star 2019 averaged 20.2 points in those 13 All-Star appearances, was named MVP three times and posted the first triple-double in the game’s history (1997). And not at all like Steve Ballmer and Joe Lacob, the guy most often credited with making Charlotte All-Star worthy this weekend ignited the annual Slam Dunk Contest with his takeoff from the foul line in 1988. He also regularly irritated former NBA commissioner David Stern into a series of fines for golfing when he should have been sitting through mandatory Friday media sessions. With a level of celebrity as arguably the game’s greatest player ever, morphed now into an off-radar role as owner of the Charlotte Hornets, Michael Jordan remains as famous, as popular and as successful as any or all the active All-Star participants who’ll cavort at the Spectrum Center in the city’s Uptown business district. Ain’t no other NBA owner who can say that. “You think about all these wealthy, successful owners in our league,” said Hornets president Fred Whitfield, “no one knew who any of them were, really, until they bought their team. Everybody in the world knew who Michael Jordan was before he bought his team.” Jordan’s place in the All-Star galaxy in the coming days is reflective of his unique position among those who oversee the NBA’s 29 other franchises. His impact on the team, on its fans, on their city and on the state in returning to his native North Carolina -- he grew up in coastal Wilmington before attending college in Chapel Hill -- to anchor and lend stability to the Hornets will be on full display, even if he’s hard to spot this weekend. It’s all a reminder, too, of the old movie line from a remarkably blessed character, wondering “What do you do when your real life exceeds your dreams?” Most don’t dare to imagine playing in an All-Star Game, never mind hosting one as the owner of the local team. “No,” Jordan told some Charlotte reporters Tuesday (Wednesday, PHL time), coming forward for one of his few appearances of the week. “As a kid growing up here in North Carolina, the first thing [was] playing basketball. And then things evolved from there -- from the University of North Carolina to Chicago. Obviously you know the history from that. “[The] opportunity to represent North Carolina in an All-Star Game from a different seat is truly amazing. It tells the path that I have taken. It gives me great pleasure to give that back to the community. It’s been a long-traveled road.” The celebration of the league’s brightest stars, and the ubiquitous banners and signage devoted to it will make it even harder than usual to visibly spot signs of Jordan’s ownership of the Hornets. For a typical regular season game, you might spy a flag emblazoned with his well-known “Jumpman” logo. Occasionally he’ll watch part of the game, rarely all, from seats at the end of his team’s bench, though he’s as likely to retreat to his suite atop the arena’s lower bowl. An in-game, timeout scoreboard video meant to stoke the crowd includes shots of GM Mitch Kupchak (“Architect of Champions”) and coach James Borrego (“Elite Pedigree”) but ends right about the time you expect some dramatic silhouette of His Airness to appear. It’s as if Jordan is as protective of his brand in running the Hornets as he is in maintaining its exclusivity in the marketplace. Doesn’t matter, though. His fingerprints are all over the franchise, as a basketball team, as a business enterprise and as a member of the community. On court, Jordan trusts his team Jordan’s greatest notoriety as an owner in a basketball setting may have come in December, when he was courtside for a tense game against Detroit. Guard Jeremy Lamb drained a 22-foot jumper with 0.3 seconds left, sending reserves Malik Monk and Bismack Biyombo onto the floor in celebration of what would be a 108-107 home victory. Trouble was, that sliver of time on the clock. Too many men. The Hornets were whistled for a one-shot technical foul and Jordan impulsively smacked Monk lightly, twice, on the back of the head. Any other owner does that, the player’s agent might file a grievance with the players union. Jordan does it and, thanks to his in-the-trenches, in-the-fraternity credibility, it comes across as a goof. “A tap of endearment,” Jordan called it later in a statement. “It was like a big brother and little brother tap. No negative intent. Only love!" Said Monk: “Big, big, big brother. But it was nothing. He was just playing.” The arc of Jordan’s career and his reputation as a stone-cold competitor make it OK if he wants to vent -- or swipe -- when things don’t go the Hornets’ way. Doesn’t matter that Jordan, who will turn 56 on All-Star Sunday, is old enough to be any of his players' dad. He still carries himself like an athlete, and their frame of reference remains, “That’s Mike.” “I’ve seen kids come up through camps,” said Buzz Peterson, Charlotte’s assistant general manager under Kupchak. “You could say Julius Erving, you could say Larry Johnson, Karl Malone, whatever, and the kids’ eyes are like, ‘Who?’ But you say Michael Jordan, they’re gonna know. That’s the separation there.” Peterson is among Jordan’s closest friends -- he beat him out as North Carolina’s prep player of the year in 1981, won an NCAA title with him as a Tar Heels teammate and is described by those who know both as someone who can disagree with the boss while staying comfortably in the inner circle. For Borrego, Charlotte’s first-year coach, interviewing to run Jordan’s team could have been intimidating. “We’re all human beings -- there’s a presence that comes with ‘Michael Jordan’ when he’s around,” Borrego told NBA.com in January. “But it’s healthy. He comes with a competitive spirit that you feel. “Michael was straight with me from Day 1. When I interviewed, he said, ‘I’m going to give you space to do your job. Whatever you need, you come to me. I’ll give you the resources you need.’ He has not tried to interfere one time. I feel his full support. … We’re starting to speak each other’s language, which is pretty healthy for us now.” Jordan keeps the coach apprised of his interactions with players, Borrego said. Other coaches should have such a resource at the ready. Hornets guard and 2019 All-Star starter Kemba Walker probably has benefited most from Jordan’s counsel. They text frequently, a pinch-me arrangement to this day for Walker. “I grew up wearing Jordans, grew up wanting to be like Jordan,” Walker said recently. “So for me to get this opportunity to be on his team means the world to me. He’s the one who believed in me -- I had no idea where I was going to go on draft night and he traded up for me. I’ve always heard the story, he was the one who actually drafted me. So it’s unbelievable. “He’s such a good dude. He understands what it is to be good. His delivery is always good. Only in a positive way, honestly.” Said rookie wing Miles Bridges: “You think there’ll be a lot of pressure having MJ as an owner. I’d seen how he got on his teammates when he played. So I was nervous, thinking if I had a bad game, he’d go at me like, ‘What’re you doing?’ But after meeting him and bonding with him, I feel like he’s the coolest owner out there. I don’t feel any pressure, I feel like he wants the best for us.” Big man Frank Kaminsky typically sits at the end of the bench, which puts him cheek to cheek with Jordan when he’s courtside. “He’s talking about what he’s seeing out on the court. Talking to the refs,” Kaminsky said. “Things other players don’t necessarily see. He still thinks the game. “You see things on the court that he sees. One game, the roll, pocket-pass, skip to the corner was open. He was saying that. We made an adjustment in a timeout, but he saw it a couple plays before that. At the end of that game, we had a big play that was a roll, pocket-pass, into the corner that put the game away. It worked the way he’d seen it.” The Hornets’ struggles during Jordan’s tenure as owner wouldn’t suggest it -- the last time this organization won a playoff series (2002), Jordan still was a player -- but there is a prestige to playing for his team. It’s not unlike being welcomed onto the list of elite athletes who endorse Jordan Brand. “I’m one of the lucky ones who’s in both,” Kaminsky said. “You’re talking about the most iconic player in sports history -- I might be biased because I grew up in Chicago -- but when you have his approval, it means a lot. You have it in the back of your mind that he wants you here.” Head smack or no head smack. Jordan grows as owner, businessman Basketball is a zero-sum game and the NBA is full of stars, even if none shines quite as brightly as Jordan. But business has room for negotiation and compromise, and deals get struck daily that leave both sides happy. There, Jordan has been beyond clutch. Funnel down everything he’s accomplished -- six NBA championships, the league’s highest career scoring average (30.1), five MVP awards, six Finals MVP, 10 scoring titles, nine All-Defensive team nods -- and it invariably ends with clammy hands. The “wow” factor is real and the Hornets are extremely careful about leveraging it. “It gives our organization a certain cachet,” said Whitfield, another longtime friend who goes back more than 35 years with Jordan. “For him to be majority owner, for him to do it in his home state as a local hometown hero, and to be able to come back and not just lead the team and the rebranding from the Bobcats to the Hornets, but his commitment to the community in giving back, it’s something that’s so special.” That’s a lot to unpack. When Jordan initially signed on with the Hornets, he did so as head of its basketball operations in 2006, purchasing a small minority stake in the team. The team was bad, the business was worse and trending down. “Back in ’08-09, the economy was in the tank and I was mandated to ‘displace’ 42 of our executives here on the business side,” Whitfield said. “When Michael bought the team, we were losing $30 million a year.’ Brought back into the league in 2004 two years after the original Hornets (1988-2002) were moved to New Orleans by reviled owner George Shinn, the Charlotte expansion team was owned -- and nicknamed -- by Bob Johnson, a co-founder of the BET television network. The Bobcats excelled only at losing and were 122 games under .500 in their first five seasons. The front office was understaffed, Spectrum Center (then known as Time Warner Cable Arena) needed renovations almost from its inception and there was a real sense that, if a buyer with deep pockets and a commitment to the area weren’t found, the franchise could be moved. In March 2010, Jordan ponied up the cash to become majority owner. But it says something that the deal stands as one of the few, if ever, instances of an NBA franchise being sold at a discount. Johnson paid $300 million for the team; Jordan purchased it for $275 million. Forbes.com recently had Charlotte worth $1.25 billion -- which ranks 28th. And Jordan reportedly has one of the biggest stakes of all NBA owners, with his share estimated at upwards of 90 percent, possibly as high as 98 percent. That’s a lot of success in nine years, despite the basketball team’s mostly middling performance. “With MJ being with the team, you got instant credibility in the marketplace,” said Pete Guelli, the chief operating officer who started on the job about 10 months before Jordan took ownership. “There had been a lot of uncertainty previously, but with his brand and his resources and his commitment, that just dissipated immediately. It was much, much easier to walk in the door and tell people about our vision for this franchise.” Rebranding the team as “Hornets” gave the franchise an existential boost -- it suddenly had a history again, complete with records, archives and true alumni. The arena got a makeover and, per Guelli, is credited for events there that generate an alleged $1 billion in revenues for local businesses. “Fortunately, we’ve been profitable pretty much since [Jordan took over],” Whitfield said. “That’s huge, especially since we haven’t gotten where we want to be on the basketball side.” Closing a new kind of game now It’s hard to overstate Jordan’s added value, not so much as some corporate or financial whiz but as a presence who brought instant motivation and energy to the staff. He imported executives with whom he had developed relationships at Nike or in other ventures and, after taking early criticism for an uncertain level of involvement, has been more diligent in recent years. “I love seeing him sitting at the end of the bench encouraging his players when he attends a game” said Charles F. Bowman, Bank of America’s market president for Charlotte and North Carolina. “And as a business person what impresses me is that he has empowered his management team to focus not only on the court but also on building bridges with the community. “He had a vision for where he was taking the team and a clear plan to get there. He has hired good people, gives them latitude to make decisions and he expects them to perform. Michael is unique -- the best player ever who is determined to keep getting better year over year as an owner.” The NBA has gotten a taste of Jordan’s growth and transition at some pivotal times. This is the legendary voice of the players who, during rancorous negotiations in the 1998 lockout, countered Washington owner Abe Pollin’s gripes about losing money by telling Pollin to sell his team. By the lockout of 2011, Jordan had moved to the other side of the table. But several members of the National Basketball Players Association’s executive committee saw him not as an opponent or turncoat but as a role model: someone who had transformed himself from employee to employer at the game’s highest level. “The players understood, he had been in their shoes,” Whitfield said. “He’s not forgetting what it meant to be a player. He was in the process of learning what it meant to be an owner.” When the current collective bargaining agreement was negotiated with commissioner Adam Silver and union director Michele Roberts leading the talks, Jordan was an active, powerful voice. He is an influential member of the NBA’s labor relations and competition committees. One Charlotte insider spoke to Jordan’s clout with his fellow owners in getting this weekend’s showcase -- jeopardized by a political squabble in 2017 -- back onto the league’s short list. “There’s no All-Star Game here in Charlotte if it’s not for MJ,” the person said. Last summer in Las Vegas, Silver lauded Jordan for his ability to straddle the basketball and business worlds. “He brings unique credibility to the table when we're having discussions [with the players],” he said, “and even just among the owners, he's able to represent a player point of view… Michael can say, 'Well, look, this is how I looked at it when I was a player, and these are the kind of issues we need to address if we're going to convince players that something is in everyone's interest.’ ” Jordan’s powers of persuasion apparently have been even more impressive in Charlotte and North Carolina. The executives are careful about relying on him too often -- Jordan’s most precious commodity, now that his net worth is estimated to be upwards of $1.7 billion -- is his time. But when they need Mariano Rivera to walk in from the bullpen, he is lights out. “We’ve had corporate sponsors at a golf outing, and he’s been there, maybe stayed at one hole to tell off with everybody,” Whitfield said. Or they’ll invite certain corporate sponsors to one of a few games each season in which “Club 23” is up and running at the Spectrum Center, a private club built for such purposes. They get a chance to visit, talk with and pick Jordan’s brain on the Hornets and much more. “We’ve closed all those deals,” Whitfield said. Then there was the time a local CEO wanted to finalize a sizeable sponsorship deal with the team, and had his No. 2 invite Jordan over to their headquarters for the meetings. Whitfield told the tale: “This guy says, 'You have to come to our office. Our CEO is the man in our business.' But we’re like, 'Nah, typically, CEOs come and meet in Michael’s office or in ‘Club 23’ over here.' He said no, that wasn’t going to work for them. “So Pete Guelli said, 'Let’s make a deal: We’ll take your CEO and drop him off in Beijing. And we’ll drop off Michael in Beijing. Then we’ll see who more people gravitate to. Whoever gets the least people, he has to come to the other guy’s office.'” Point made. Point taken. Said Whitfield: “The guy says, ‘You know what, I got it. We’ll be over 10 o’clock Friday morning.’” A community he calls home The Michael Jordan who once seemed determined to float above cultural and political frays as the most prudent way to serve commerce has not held back in recent years from making his presence felt. He has been more philanthropist than activist and, let’s face it, in times of the most dire need, cash beats talk every time. Charity and investing in the community can be good for business, sure. Making that a priority after Guelli’s arrival and Jordan’s purchase helped the Hornets build bridges with fans and merchants that Shinn and the original franchise’s departure had torched. More than that, though, giving back for Jordan and his team at this point in his life was the right thing to do. And do, and do, and do. The list of charitable and civic efforts Jordan and the Hornets have undertaken is long, with few outside the region or state aware of most of it. Among the highlights: - Donating $2 million to relief efforts in the wake of Hurricane Florence, particularly meaningful because of the damage it did in Jordan’s hometown of Wilmington. - Dedicated $7 million in partnership with Novant Health to fund two Michael Jordan Family Clinics, set to open in Charlotte in 2020. - Serving as Make-A-Wish’s Chief Wish Ambassador since 2008, while donating more than $5 million to the organization. His relationship with Make-A-Wish began more than 30 years ago. - Contributing $5 million as a founding donor of the Smithsonian’s National Museum of African American History and Culture in Washington, D.C. - Addressing the issue of police shootings and community policing in 2016 by donating $1 million each to the NAACP Legal Defense Fund and the International Association of Chiefs of Police. After the hurricane in September devastated so many homes and businesses in and near Jordan’s roots, he wanted to do more than to stroke a fat check. In a meeting covered by The Associated Press, he met with Stephanie Parker and her family, including four young children, after they lost their apartment in two feet of flooding. A call from the director of the Cape Fear chapter of the Red Cross brought them together. The meeting took place at a Lowe’s home improvement store. “I look around the corner, and it’s Michael Jordan. ‘Oh my God!’" Parker said. “I look at my kids, ‘It’s Michael Jordan!’ I’m not going to lie, some tears came in my eyes, because the first thing that went through my mind was when I was younger, his last game when he was on the Chicago Bulls team, and that flashback just came right in my mind.” Afterward, Jordan was coaxed by the Charlotte Observer to talk about why that disaster resonated so deeply for him. “You gotta take care of home,” he said. “Wilmington truly is my home. Kept thinking about all those places I grew up going to … You don’t want to see any of that anywhere, but when it’s home, that’s tough to swallow.” There’s basketball, there’s business and then there’s real life, which sometimes intrudes in the most desperate ways. “We didn’t know how many people in our community were hungry,” Whitfield said. “There are people in dire need, and it’s special to have that hometown hero have in his heart that ‘This is where I can help.’ “It gives not only him as a person but our organization a platform to really speak out. That commitment is what has made him a special owner, and why he’s even more beloved in our community.” Winning title No. 7 drives Jordan now To date, Jordan’s greatest achievements have come elsewhere, at least since his baseline shot as a freshman propelled North Carolina to the 1982 NCAA championship. Those Bulls championships, the “Dream Team” magnificence, his partnership with that sneaker company in Beaverton, Ore., his Naismith Memorial Basketball Hall of Fame induction, shooting “Space Jam,” all of it -- his legacy has been crafted with others, for others, mostly far from home. (For the record, Jordan, his wife Yvette and their two daughters own a mansion outside Charlotte and an estate in south Florida). “Look, this has always been home for him,” Whitfield said. “Even though he was drafted by Chicago, WGN became a very popular station. And he just continued to elevate, so people in this state were proud to say, even though he’s a Bull, we love him. When the Bulls would come here and play at the old Coliseum, these fans who were avid Hornets fans were all pulling for Michael Jordan. “He’d score, they’d cheer loudly. The Hornets would score, they’d cheer loudly. North Carolina always felt like he was their native son who went off and achieved greatness.” Coming back first to head the franchise’s basketball operations and then as owner, Jordan’s role -- in light of the modest results on the court -- has been custodial. Yes, the club’s improved financial stability is important. But for this driven winner and NBA owner unlike all others, custodial isn’t going to cut it for long. “He did an interview with Cigar Aficionado magazine a while back,” Peterson said, “and the question was asked, ‘What would you like to do?’ And he said, ‘Win a seventh championship. Win as an owner.’ So for me, every day, I’m thinking, here’s a close friend and you want to make your friends happy, right? So each day I think, do the best you can to reach this goal for him.” Said Hornets wing Nicolas Batum: “I understand. He wants to win. He wants to compete since he was born.” It hasn’t been for lack of trying, although Jordan has made sure to keep fiscal responsibility high on every agenda. The team’s payroll for 2018-19 is approximately $122.3 million, which ranks near the middle of the NBA pack. “That Michael Jordan is one cheap dude,” said an impassioned cab driver on a recent airport run. “He’s only going to spend so much and the players they get shows it.” The Hornets never have spent into the league’s luxury-tax, and if Walker is retained when he hits free agency this summer, he’ll likely become the first Charlotte player to sign a full maximum-salary contract (though the five-year, $120 million deal Batum landed in 2016 came awfully close). Injuries and dubious moves have taken a toll, a situation that Kupchak, Borrego and their staffs have been tasked with fixing. Jordan, by all accounts, is engaged yet patient, with a playoff berth and potentially a record above .500 within reach. “I’m sure he feels like,” Whitfield said, “if he were still 30 years old and could lace ‘em up and get out there, he’d help us get over the hump. I think he would cherish it as much or more than the first six. Because I think he realizes how hard it is to get it done. “But it doesn’t bother us if the fans see his frustration sitting next to our bench. It’s important to us that they see he’s not only invested, he’s vested in what our team is trying to do. They can relate to him because they’re feeling that same frustration.” Jordan is theirs again and that’s what matters. For basketball, for business, for community and in time, just maybe, in championship. Steve Aschburner has written about the NBA since 1980. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsFeb 16th, 2019

Mistress’ bro leaks Bezos intimate texts

WASHINGTON — Private investigators working for Jeff Bezos have concluded that the brother of the Amazon CEO’s mistress leaked the couple’s intimate text messages to the National Enquirer, a person familiar with the matter told The Associated Press on Monday. The person wasn’t authorized to discuss the matter publicly and spoke to AP on condition […].....»»

Category: newsSource:  tribuneRelated NewsFeb 12th, 2019

Jeff Bezos case: Billionaires not safe from hackers

NEW YORK, United States -- The stunning revelation that a tabloid obtained below-the-belt selfies of Amazon founder Jeff Bezos -- the world's richest man -- suggests that even billionaires are not out of the reach of hackers. Bezos came out fighting this week, accusing the National Enquirer of blackmailing him with lurid pictures of him and his mistress, and pre-empting the threat to publish by releasing details of the images himself. But for Mark Johnson, CEO of Sovereign Intelligence, the incident makes clear that "no one is beyond the reach of cyber exploitation." "It's a curious irony that billionaires demonstrate astounding acumen related to their own industries, and ye...Keep on reading: Jeff Bezos case: Billionaires not safe from hackers.....»»

Category: newsSource:  inquirerRelated NewsFeb 10th, 2019

Jeff Bezos accuses magazine of extortion

Amazon founder and the richest man on Earth, Jeff Bezos, has accused the publication National Enquirer of extortion and blackmail. In his blog post on Medium, Bezos said the chief content officer of Enquirer publisher AMI, Dylan Howard, emailed him threatening to release intimate and personal photos and text messages of Bezos and his alleged […].....»»

Category: newsSource:  tribuneRelated NewsFeb 8th, 2019

Philippines Richest Man, Henry Sy, Dies At 94

Philippines' Richest Man, Henry Sy, Dies At 94 Forbes Henry Sy, chairman emeritus of SM Investments, one of the Philippines' largest conglomerates, died Saturday morning......»»

Category: newsSource:  philippinetimesRelated NewsJan 27th, 2019

The Heat leader: Spoelstra passes Riley on Miami games list

By Tim Reynolds, Associated Press MIAMI (AP) — Erik Spoelstra still vividly remembers getting a short speech from his father, a sage piece of advice that came about a year into his time in the employ of the Miami Heat. “Don’t screw it up,” Jon Spoelstra said. Almost 25 years later, the mantra still applies. Erik Spoelstra coached his 850th game for the Heat on Wednesday night (Thursday, PHL time), passing team president and Hall of Fame coach Pat Riley for the most in franchise history. Spoelstra is only the 13th person to coach at least 850 games with one NBA franchise; it’s happened 14 times overall, with Don Nelson reaching that threshold with both Milwaukee and Golden State during his career. “My dad had been fired from a couple of different places and he knew the real NBA,” Spoelstra said. “He was saying it almost as such an exaggeration ... just find a way to hang on with this guy, this Hall of Famer. And I guess the lesson to that is, I’m still just trying to hang on, trying to work for him for as long as I possibly can.” New Orleans’ Alvin Gentry will coach his 1,000th career game Thursday (Friday, PHL time) when the Pelicans visit Oklahoma City, making him the 31st NBA coach to hit that milestone. Unless either Scott Skiles or Stan Van Gundy returns to an NBA sideline beforehand — they’ve coached 958 and 907 games, respectively — Spoelstra could be the next coach to join the 1,000-game club, sometime around the midpoint of the 2020-21 season. Heat guard Dwyane Wade has spent virtually his entire career around Spoelstra, who was an assistant under Riley until moving into the top spot for the 2008-09 season. That means he’s heard just about every quote Spoelstra has to offer over and over and over again, lines about “identity” and “competition” and insisting that in any circumstance “we have enough.” It took Wade a long time to understand why Spoelstra’s message rarely deviates from one year to the next. “He’s consistent,” Wade said. “If you’re a parent, you understand that my kids need consistency from me and my wife. They need routines, they need all these things. It’s the same thing. It’s a big day care that he has in that locker room and he’s consistent with his message and how we do things.” Among coaches with at least 10 years on the job, Spoelstra’s winning percentage — .595 — is eighth-best in NBA history. By the time this season ends, he should be in the top 30 for all-time wins. And he’s only 48, meaning his career might still have many, many more years left for him to add to his legacy. Plus, he realizes how fortunate he is to be in a place like Miami, where the leadership group led by Riley and managing general partner Micky Arison values stability. Among current NBA coaches, only San Antonio’s Gregg Popovich has been in his job longer than Spoelstra — who has seen 122 coaching changes in the league since Riley promoted him to the top spot on Miami’s staff. “This coaching profession is extremely dynamic,” Spoelstra said. “It’s complex and I’m very grateful to have this opportunity with such an incredible organization. You don’t have it in pro sports. That’s why I try to do my very best and try to grow and get better and reinvent every year because I don’t want to let them down.” That means he’s still listening to his dad’s suggestion, all these years later......»»

Category: sportsSource:  abscbnRelated NewsJan 24th, 2019

gulftoday.ae | Philippines richest man Henry Sy passes away

MANILA: The Philippines wealthiest man Henry Sy, who rose from being a penniless Chinese immigrant to leading a multi-billion dollar business empire, died on Saturday, his conglomerate has announced......»»

Category: newsSource:  manilanewsRelated NewsJan 20th, 2019

Philippines wealthiest man Henry Sy passes away at 94

The Philippines’ richest man Henry Sy Sr. — who rose from being a penniless Chinese immigrant to leading a multi-billion dollar business empire — has died Saturday. He was 94......»»

Category: newsSource:  philstarRelated NewsJan 19th, 2019

BREAKING: Henry Sy Sr. PH s richest man and philanthropist passes away | Inquirer Business

Henry Sy Sr passed away peacefully in his sleep early Saturday morning. The post BREAKING: Henry Sy Sr. PHs richest man and philanthropist passes away appeared first on Inquirer Business ......»»

Category: newsSource:  philippinetimesRelated NewsJan 19th, 2019