Tennis star Serena Williams could see a boon from the initial public offering of the parent company of SurveyMonkey.
Williams serves as a director of the company and owns 210,000 options and another 35,000 shares.
Williams’ options come with a very standard caveat: Each one will cost her $16.03 to buy — so unless SurveyMonkey really explodes out of the gate after its IPO, her potential profit will likely pale in comparison to her winnings from tennis.
Still, depending how things go, the SurveyMonkey IPO could mean a tidy payday for Williams.
Williams is among those who could see a windfall from the IPO of SVMK, the parent company of SurveyMonkey. The tennis star serves as a director of the company and holds some 210,000 options and another 35,000 restricted shares in the company. See the rest of the story at Business Insider
The Chronicle of Philanthropy publishes an annual list of the top 50 philanthropists (both individuals and couples) by calculating their yearly donations.
In 2017, America’s wealthiest residents donated $14.7 billion to nonprofit organizations.
About 60% of the total was donated by people who made their fortunes in tech, suggesting America’s philanthropic center is shifting away from Wall Street and towards Silicon Valley, according to The Chronicle.
America’s wealthiest people donated $14.7 billion in 2017 to causes, alma maters, foundations, and charities — more than doubling the amount given away in 2016.
For 18 years, The Chronicle of Philanthropy has published an annual round up of the top-50 philanthropists in America by calculating their yearly donations. In 2017, the individuals and couples on the list donated a median of $97 million, doubling the giving amount from the first list published in 2000. The total donation amount of the 2017 list is the highest amount since the 2008 recession, according to Forbes.
The 2017 list features 11 individuals or couples from the technology industry accounting for $8.7 billion in donations, or about 60% of the total, suggesting America’s philanthropic center is shifting away from Wall Street and towards Silicon Valley, according to The Chronicle.
Notably missing from the list is billionaire investor Warren Buffett, who made a multibillion-dollar donation in Berkshire Hathaway stock to the Bill & Melinda Gates Foundation in 2017. But because the “annual installment” was part of Buffett’s initial 2006 pledge to donate more than $36 billion in Berkshire Hathaway shares to the Gates’ organization, the Chronicle did not count it as a 2017 donation.
Below are the top 25 philanthropists who donated more than $97 million each in 2017. Note that four people passed away after the ranking was first published in February — Porter Byrum, David Rockefeller, Florence Irving, and Henry Hillman.
President Donald Trump‘s net worth is currently estimated to be $3.1 billion, according to Forbes.
Combine that with the individual net worths of the Trump children, and the entire Trump family is worth more than $4 billion.
They spend their money lavishly, from a hefty real estate portfolio and an aviation fleet to designer clothes.
Donald Trump‘s net worth is currently estimated to be $3.1 billion — down an estimated $400 million since he took office in January 2017, reports Forbes.
And that’s not to mention the individual net worths of his adult children — a reported $150 to $300 million for Eric Trump, reported $200 million for Donald Trump Jr., and reported $600,000 for Tiffany Trump, according to Cheat Sheet. Ivanka Trump, who runs her own business, has the largest net worth of all the children, estimated to be up to $762 million with husband Jared Kushner, reports CNN, citing financial documents released by the White House.
Combined, that makes the entire Trump family‘s fortune worth over an estimated $4 billion.
From pricey penthouses and expensive schooling to high-end shopping and a full-on aviation fleet, here’s how they drop their millions and billions.
Donald Trump’s net worth is currently estimated to be $3.1 billion — down an estimated $400 million since he took office in January 2017.
According to his executive branch personnel public financial disclosure report, he earns anywhere from $597,396,914 to $667,811,903 between January 2016 and spring 2017.
Ian MacNicol/Getty Images
His wealth comes from multiple sources, from golf-related and hotel-related revenue (nearly $340,000,000 combined) to Central Park Carousel admissions and ice skating rink revenue (more than $13,000,000 combined).
Data from the free-trading app Robinhood, popular amongst millennials, showed 7,278 investors bought AT&T shares using the app over the past week. It is unclear as to what specific days the transactions occurred, so it is possible the bulk of the purchases came after the deal’s approval was announced.See the rest of the story at Business Insider
However, the deal fell apart due to disagreements over the size and terms of the potential investment, Bloomberg said, citing people familiar with the discussions. Neither Uber nor Berkshire Hathaway responded to Bloomberg’s request for comment.See the rest of the story at Business Insider