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- Here are the 44 new members of The Forbes 400 (net worths are as of September 3, 2021)
- Miriam Adelson. Net Worth: $30.4 billion. Source of wealth: Casinos. Adelson inherited her late husband’s 57% stake in Las Vegas Sands, the publicly traded gambling empire with casinos in Singapore and Macau, after his death in January.
- Sam Bankman-Fried. Net Worth: $22.5 billion. Source of wealth: Cryptocurrency. The 29-year-old MIT grad owes most of his $22.5 billion fortune to his stake in the cryptocurrency derivatives exchange FTX—which he cofounded in 2019—and his share of its FTT tokens.
- Jeff Yass. Net Worth: $12 billion. Source of wealth: Trading, investments. The former pro gambler joins The Forbes 400 thanks to his stake in trading firm Susquehanna International Group, which he cofounded in 1987 and built into one of the most successful firms on Wall Street.
An Australian Pioneer. Ken Duncan is well known as the pioneer of Limited Edition Photographic Art in Australia. After a visit to New York in the early 1980’s, Ken returned home with a dream to see photography widely accepted as an art form in this country. The increasing number of Australian photographers now emulating his panoramic style ...
Dec 6, 2021 · Here's Who Inherited David Bowie's Fortune After He Died. By Aaron Homer Updated: Dec. 6, 2021 3:37 pm EST. Evan Agostini/Getty Images. David Bowie (born David Jones) died of liver cancer on January 10, 2016, at the age of 69, The Guardian reported. His death marked an indescribably deep loss for the music world, considering the profound ...
- What Happened?
- Lessons Learned
- Where Are They Now?
- The Bottom Line
The bankruptcy threw thousands at Enron out of work, and, worse yet, emptied the company’s pension fund—costing more than 20,000 employees their life savings. At the time, Enron’s $63.4 billion in assets was the largest U.S. bankruptcy case in history (later superseded by the 2002 bankruptcy filing by WorldCom). In addition to Enron’s own implosion...
Given the size of the $63.4 billion Enron bankruptcy at the end of 2001, and the subsequent larger WorldCom bankruptcy in 2002, Congress finally took notice and passed the Sarbanes-Oxley(nicknamed SOX) corporate governance legislation. The SOX lawwas designed to make it harder to mislead investors and regulators about corporate financial reporting....
The Enron accounting scandal was the culmination of years of fabricating financial reports, using third-party entities and special purpose vehicles, and misleading the Enron board and investors. The principal agents behind the fraud were all tried and convicted, but other important personalities were secondary actors. Below, we’ll run you through t...
To this day, Enron remains the poster child for accounting malfeasance. Not that the senior executives at the time minded much, as they were getting rich off of Enron stock, which was being propped up by those same accounting subterfuges. Hence the negative feedback loop of more accounting ruses leading to a higher stock price and more executive co...
Ken Duncan strives for the highest excellence in everything he does. His artworks are produced by master printers using the finest quality archival materials. There is no compromise with a Ken Duncan artwork – it simply has to be the best. Photography is the art form of the new generation: it has a realism no other medium can match.
Apr 11, 2011 · Profile: Ken Duncan. Multi award-winning photographer Ken Duncan, is one of Australia's most gifted and prolific landscape photographers. Since establishing his own publishing company in 1992, Duncan has published in excess of 50 photographic books, the majority of which still reprint year after year. In 2009 he was awarded a Medal Of The Order ...
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