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James Murdoch’s net worth, biography, fact, career, awards and life story

What is James Murdoch’s Net Worth?James Murdoch is an English businessman who has a net worth of $2 billion. James Murdoch is the fourth of six children born to entertainment mogul Rupert Murdoch. He has held a number of major executive positions, including CEO of 21st Century Fox, CEO and chairman of BSkyB, and multiple roles within his father’s News Corporation. In 2011, Murdoch was implicated in the News International phone hacking scandal to gather information about celebrities.In 2018 the Murdoch family sold the majority of its assets to Walt Disney for $71.3 billion. The deal made each Murdoch child a multi-billionaire. In the wake of the deal, Rupert named James’ brother Lachlan head of the remaining Fox Corporation. A role was not carved out for James who soon started his own investment firm called Lupa Systems.James has long been rumored to be the lone non-conservative in an extremely conservative family. He had been publicly critical of President Donald Trump and some of Fox News’ content. In the run-up to the 2020 Presidential election, James donated $1 million to a fund raising committee for Joe Biden.On July 31, 2020 James submitted his resignation as a Board Member of News Corp. His resignation letter stated:”My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.”He had already previously stepped down from the Fox Corporation, which oversees the family’s television station assets.? Compare James Murdoch’s Net WorthEarly LifeJames Murdoch was born on December 13, 1972 in London, England as the fourth child of billionaire media tycoon Rupert Murdoch and the third child of journalist and novelist Anna Torv. As a teen, he went to Horace Mann School in the Bronx borough of New York City. Following his graduation in 1991, Murdoch enrolled at Harvard University, where he studied film and history. However, he dropped out in 1995.Career BeginningsMurdoch made his first big business investment in 1995 when he put up money to back the hip hop record label Rawkus Records, which was established by his school friends Jarret Myer and Brian Bater. In 1996, Murdoch purchased a majority of the label. That year, he also became chairman of the Australian recording and publishing company Festival Records, and joined his father’s mass-media company News Corporation. Murdoch was put in charge of the latter’s Internet operations. Meanwhile, he established a new management team at Festival Records, and took a controlling share of Mushroom Records a little later to create the merger Festival Mushroom Records. The new label struggled, however, and was eventually shuttered in 2005.BSkyBIn 2003, Murdoch became the CEO of the British broadcaster and telecommunications company BSkyB. This appointment was met with many accusations of nepotism, as the company is partially owned by Murdoch’s father’s News Corporation. In late 2007, Murdoch stepped down as CEO and became non-executive chairman of BSkyB.Other PositionsMurdoch has had multiple different roles at News Corporation. In 2000, he became chairman and CEO of the company’s floundering Asian satellite service Star Television. Later in the decade, he was granted more power when he took over development of News Corporation’s assets in Asia, Europe, and the Middle East. The assets included publisher News International and Italian satellite channel Sky Italia. Murdoch also served as executive vice president of New Corporation for a while, and served on its board of directors as well.Among his many other notable positions, Murdoch became a non-executive director of the British pharmaceutical company GlaxoSmithKline in 2009. From 2015 to 2019, he served as the CEO of 21st Century Fox. During that time, he also became the chairman of the UK’s subscription broadcaster Sky. Murdoch left 21st Century Fox when the company was acquired by the Walt Disney Company, and left Sky when it was taken over by Comcast. In the summer of 2020, he resigned from the board of directors of News Corporation on account of editorial disagreements.News International Phone Hacking ScandalIn 2011, Murdoch was implicated in the News International phone hacking scandal. The scandal involved a number of Rupert Murdoch’s British newspapers, particularly News of the World; the paper’s employees were found to have engaged in rampant phone hacking, police extortion, and wielding unethical influence while pursuing stories. In response to the disclosure of this information and the subsequent public outcry, News of the World was shuttered by Murdoch. Later, he resigned as chairman of News Group Newspapers, the holding company of several prominent British papers. In early 2012, Murdoch stepped down as executive chairman of News Corporation’s British newspaper division. The scandal continued to exert its consequences, as Murdoch next stepped down as chairman of BSkyB; however, he did remain a member of the board. He went on to face stern admonishment from the UK Parliament and the British Office of Communications for his malfeasance.Personal LifeMurdoch wed his wife Kathryn Hufschmid in 2000. Together, they have three children named Anneka, Walter, and Emerson. Hufschmid works for Bill Clinton’s charitable foundation the Clinton Climate Initiative; additionally, she established the Quadrivium Foundation with Murdoch.Murdoch is an athletic individual. He likes to cycle, and played a key role in the creation of the British professional cycling team Team Sky, now known as the Ineos Grenadiers. In 2012, Team Sky’s Bradley Wiggins became the first-ever British cyclist to win the Tour de France; further wins for Britain came in 2013, 2015, 2016, and 2017, all accomplished by Sky’s Chris Froome. Among his other sporting endeavors, Murdoch has a black belt in karate.
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Vladimir Potanin’s net worth, biography, fact, career, awards and life story

What is Vladimir Potanin’s Net Worth?Vladimir Potanin is a Russian billionaire oligarch who has a net worth of $35 billion. That makes Vladimir one of the richest people in Russia. At times he has been the richest person in Russia. He amassed his fortune largely via Boris Yeltsin’s loans-for-shares scheme in the 90s, through which he acquired the mining and smelting company Norilsk Nickel. For a while, Potanin had a lucrative business partnership with Mikhail Prokhorov.? Compare Vladimir Potanin’s Net WorthEarly Life and EducationVladimir Potanin was born on January 3, 1961 in Moscow, Soviet Union to a high-ranking communist family. As a teen, he went to the elite Moscow State Institute of International Relations, which was devoted to preparing students for service in the Ministry of Foreign Affairs. Potanin graduated from the school in 1983, and went on to work with the Ministry of Foreign Trade.Career BeginningsAlong with his business partner Mikhail Prokhorov in 1991, Potanin established the private Moscow-based company Interros. A couple years later, he became the president of the newly created United Export Import Bank. Potanin continued to assert his financial power in post-Soviet Russia over the ensuing years. In 1995, he played a critical role in Boris Yeltsin’s loans-for-shares scheme, which allowed the assets of Russian firms to be sold off below market prices. This system was central to the formation of the Russian oligarchy. Using the scheme, Potanin and Prokhorov purchased the mining and smelting company Norilsk Nickel.Among his other prominent positions, Potanin served as the Russian Federation’s First Deputy Prime Minister from 1996 to 1997. Following this, he became president and chairman of the board of directors of his company Interros. In early 2003, Potanin took control of the National Council on Corporate Governance, which works to create new ethical and professional standards of corporate governance for Russian companies.Business DisputesPotanin and Prokhorov ended up going their separate ways in 2007, with Potanin unhappy with his business partner’s criminal courting of prostitutes. Potanin intended to buy Prokhorov’s stake in Norilsk Nickel, but the deal was refused; instead, Prokhorov sold his stake to industrialist Oleg Deripaska. Heated business disputes over Norilsk Nickel continued over the following years, however, causing Roman Abramovich to step in as a peacemaker. Abramovich ended up buying 6.5% of the company, effectively balancing power between Potanin and Deripaska. Through the deal, Potanin became Norilsk Nickel’s new CEO.Environmental ConcernsDuring Potanin’s tenure as Norilsk Nickel CEO, the company has faced significant criticism for its destructive environmental impact. Due to the company’s mining and smelting operations, the city of Norilsk is considered among the most polluted places on the planet. Potanin later declared that the company leadership would work to solve the problem, and that he would invest $17 billion over a span of seven years to modernize the facilities and reduce pollution. Despite this, ecological disaster has continued to plague the region, with a major oil spill occurring in May of 2020.Other Business VenturesAs a billionaire oligarch, Potanin has embarked on numerous business ventures. In 2007, he invested $2 billion in the development of a ski resort near Sochi, where the Winter Olympic Games were to be held in 2014. Potanin also invested $500,000 in the creation of a leopard-breeding program in Russia’s Mzymta Valley. Significantly, he was the first major Russian investor to purchase assets in Iran following the lifting of sanctions against the nation. Potanin bought shares of the firm Pomegranate, which holds shares in various Iranian internet companies. He also owns a stake in the pharmaceutical company Petrovax Pharm.In his other business endeavors, Potanin was elected chairman of the board of trustees of the State Hermitage Museum in 2003. He also served as a member of the board of trustees of New York’s Solomon R. Guggenheim Foundation, a position he left in early 2022 following Russia’s invasion of Ukraine. On the philanthropic side of things, Potanin runs the Vladimir Potanin Foundation. Moreover, he is the only Russian to have signed the Giving Pledge, a campaign for wealthy individuals to promise to donate at least half of their fortune to charity throughout their lifetimes.Personal LifePotanin wed his first wife, Natalia, in 1983; they had three children before eventually divorcing in 2014. That year, Potanin married Ekaterina, with whom he has two kids.Notably, Potanin owns three luxury yachts that were built for him by yacht-builder Oceanco. The names of the boats are Barbara, Nirvana, and Anastasia.Net Worth DetailsVladimir Potanin owns a 30% percent stake in the publicly traded mining company Norilsk Nickel which produces nearly 13% of the world’s nickel as well as 44% of the world’s palladium. Over the years Potanin has earned more than $4 billion from dividends in the company and has made another $2 billion selling shares in buyback programs. He has also made $2 billion from selling his Rosbank stock. Potanin was one of the biggest private investors in projects for the 2014 Sochi Olympics and was formerly in a business partnership with Mikhail Prokhorov.
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Richard Fuld’s net worth, biography, fact, career, awards and life story

What is Richard Fuld Net Worth?Richard Fuld is an American banker who has a net worth of $250 million. Richard “Dick” Fuld is best known as the final Chairman and Chief Executive Officer of Lehman Brothers. He lost these positions after 14 years of service when Lehman Brothers filed for bankruptcy in the midst of the financial crisis in 2008. Publications such as CNN and Time subsequently listed Fuld as being among the individuals most responsible for the economic collapse.Dick joined hedge fund Matrix Advisors in 2009. In 2010 he joined Legend Securities but left in 2012.? Compare Richard Fuld’s Net WorthCompensationDuring his time at Lehman, Dick Fuld was awarded around $900 million in potential compensation (mostly stock). He cashed out a reported $530 million of his various forms of compensation before the company went bust. At his peak, his stock in Lehman Brothers combined with his other assets made him briefly a billionaire. Lehman’s bankruptcy wiped whatever shares he still held and any unvested shares.He received a $22 million bonus in 2006. In 2007 he received $34 million. In 2008 (prior to the crash) he received $40.5 million.Early Life and EducationRichard Fuld Jr. was born on April 26, 1946 in New York City to Jewish parents. As a teen, he went to Wilbraham & Monson Academy in Massachusetts. Following his graduation, Fuld attended the University of Colorado Boulder, where he was part of the Naval Reserve Officer Training Corps program. In 1969, he graduated with both a BA and BS from the school. Fuld went on to enroll at New York University’s Stern School of Business, from which he graduated with his MBA in 1973.Career BeginningsFuld began his career as a US Air Force pilot; however, he lost his job after getting into a fistfight with a commanding officer.Lehman BrothersIn 1969, the year of banker Robert Lehman’s passing, Fuld joined the investment bank Lehman Brothers. There, he cultivated a reputation as a successful fixed-income trader. During Fuld’s tenure, he saw and participated in many of the firm’s major evolutions, including its mergers with E.F. Hutton and Kuhn, Loeb & Co. and its acquisition by American Express. When Lehman Brothers spun off from American Express in 1994, Fuld became the firm’s new CEO and chairman. He went on to turn the fortunes of Lehman Brothers around, posting 14 consecutive years of profits. Additionally, Fuld led the firm through the Asian financial crisis of 1997.By 2007, Fuld was the longest-tenured CEO on Wall Street, and had earned close to $500 million in compensation since 1993. However, disaster was right around the corner. Although he was lauded for his job handling the beginning of the subprime mortgage crisis, Fuld had underestimated the impact the US housing market’s decline would have on Lehman. As the firm’s share price fell, Fuld received criticism for not going through with a number of proposed deals that would have shored up the fortunes of Lehman Brothers. Consequently, the firm became a casualty of the global financial crisis, and filed for bankruptcy in September of 2008. Notably, it was the largest bankruptcy filing in the history of the United States, involving over $600 billion in assets.Bankruptcy AftermathIn the aftermath of the bankruptcy filing, the Dow Jones Industrial Average dropped by 4.5% in one day, marking the biggest decline since the 9/11 terrorist attacks up to that point. Meanwhile, money market mutual funds experienced mass withdrawals, and the interbank lending market tightened. Fuld and 11 other Lehman Brothers executives were issued grand jury subpoenas in connection to federal criminal investigations alleging securities fraud at the firm. Fuld went on to testify before the US House Committee on Oversight and Government Reform. The investigation ultimately found that while Lehman’s business decisions leading up to the financial crisis were mostly sound, the firm’s manipulation of financial statements and accounts was questionable. Fuld was named by both CNN and Time as one of the people most responsible for causing the 2007-08 financial crisis.Post-Lehman CareerFollowing the collapse of Lehman Brothers, Fuld joined the New York City firm Matrix Advisors. Under his leadership, the firm grew to around 24 employees by the summer of 2015. By the following year, Matrix had $100 million in assets under management. The firm subsequently opened offices in Palm Beach and Los Angeles. Among his other positions, Fuld was employed by the investment banking firm Legend Securities from 2010 to early 2012. He also sits on the board of trustees of the NewYork-Presbyterian Hospital.In the MediaIn the media, Fuld appeared as himself in the 2010 Oscar-winning documentary “Inside Job,” about the 2007-08 financial crisis. He has also been portrayed by actors in fictionalized accounts of the crisis, with Corey Johnson playing him in the BBC film “The Last Days of Lehman Brothers” and James Woods portraying him in the HBO film “Too Big to Fail.”Personal Life and Real EstateRichard Fuld has been married to Kathleen Ann Bailey since 1978. They have three children.In 2004, Dick and Kathleen paid $13.75 million for a home in Jupiter, Florida. The home sits on 3.3 acres and has 265 feet of ocean frontage. The home itself is just under 15,000 square-feet. In the wake of Lehman’s 2008 bankruptcy, he transferred the mansion fully to his wife for $100 to protect it from potential legal actions. They listed this home for sale in early 2021 for $40 million. In May 2021 it was revealed that they had accepted $32.5 million.Fuld also at one point owned a 71-acre estate in Sun Valley, Idaho that he auctioned off for a little over $20 million in 2015.
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