Professional athletes often invest their substantial earnings into small businesses, but the Golden State Warriors take it to the next level. Warriors star wing Kevin Durant talked about his personal business strategy, and his "mentors" are VCs who most techies would kill to have dinner with.
Hedge fund titan David Tepper agreed to pay $2.3 billion for the Carolina Panthers, a record price for a National Football League franchise, according to people familiar with the deal. The price eclipses the $1.4 billion Terry Pegula paid for the Buffalo Bills in 2014.
Cryptocurrencies are the wave of the future that will be ushered in by Millennials, says Tyler Adkison, a cryptocurrency hedge fund CEO. At 22, he retired as a minor league baseball player with the Los Angeles Dodgers to launch a crypto hedge fund focused exclusively on athletes.
National Pension Service (NPS), South Korea's largest institutional investor, will be studying feasibility of backing the new administration's plan to increase spending on public welfare infrastructure such as child and senior care centers and rental homes for the low-income class as promised by new President Moon Jae-in through purchase of public debt created for the purpose.
Philadelphia-based venture capital firm SeventySix Capital, which invests in entrepreneurial tech, retail, sports and wellness companies, announced Monday that Ryan Howard has signed on as a partner.
The family office of the Reimanns, among the wealthiest families in Germany, wants to attract other rich families to a fund it has set up to invest in startups.
The NBA is home to more billionaire owners than any other sports league with 20. Los Angeles Clippers owner Steve Ballmer, who made his fortune at Microsoft, leads the way with a net worth of $30 billion.
'A Phenomenal Stitch-Up': Founder Of Luxury Lingerie Brand Agent Provocateur Attacks Sale To Sports Direct Billionaire Mike Ashley
Agent Provocateur was sold by private equity owners 3i to Sports Direct owner Mike Ashley, who reportedly paid up to £30 million ($36.8 million) for the business. The founder of high-end lingerie brand Agent Provocateur has attacked the quick sale of the business to discount billionaire Mike Ashley, calling the private equity group that offloaded the company "negligent and incompetent."
Hidrock Properties picked up the Boerum Hill home of the New York Sports Club for $30.5 million, according to property records filed with the city Monday. The 28,000-square-foot building at 96-110 Boerum Place has 10 residential units and one retail unit that's net leased to the sports club.