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Tag: Celebrity Entrepreneurs

  • Mark Cuban Doesn’t Have a Butler and Does His Own Laundry | Entrepreneur

    Mark Cuban Doesn’t Have a Butler and Does His Own Laundry | Entrepreneur

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    Billionaire Mark Cuban is just like us. Well, sort of.

    In a candid podcast interview with TikTok creator Bobbi Althoff, the Shark Tank star revealed that he tries to lead an ordinary life despite the trappings of his fortune.

    “I just try to be the same person as I was when I was poor and middle and rich,” he said. “I mean, when I was broke, I had a blast. I loved my life. I could wake up smiling, and back then, you just had to not answer the phone because it’d be a bill collector.”

    Cuban appeared on The Really Good Podcast sitting on the floor of a parking garage. Althoff explained that she couldn’t afford a real studio and that Cuban did not want her filming in his home.

    “His feet are dirty because there was oil all over the floors, and I did not have time to clean them all up,” Althoff told her audience before starting the interview.

    The video of the podcast currently has 1.6 million views on YouTube.

    Cuban doesn’t have billionaire friends

    Althoff bombarded Cuban with personal questions about being rich in a deadpan comedic style reminiscent of Zach Galifianakis on “Between Two Ferns.”

    “When did you stop being poor,” she asked.

    “Probably when I was 28 or 29,” Cuban said. “But when I was 27, I…went to the ATM, and it showed me a big old zero. So that’s when I was 27. And then got past that, and then bam, bam, bam, bam, bam.”

    Althoff asked Cuban if he hangs around with other billionaires.

    “I know some others,” he said. “I’ve done events and stuff where there’s been others there, but most of my friends are like guys that I moved to Dallas with or were friends in Dallas or friends in Indiana where I went to school or friends from Pittsburgh. All my friends that have been my friends my entire life are still my friends.”

    Related: ‘Please Feel Free To Correct Me’: Mark Cuban Slams Elon Musk Over ‘Free Speech’ On Twitter

    He doesn’t have a butler and does his laundry

    Talking about the assumptions people make when you’re a billionaire, Cuban said, “People think you gotta make new friends or you got butlers.”

    Shocked, Althoff replied. “You don’t have a butler?”

    “No,” Cuban said.

    “Do you cook your own meals?”

    “I have somebody who will, like, when I’m in Dallas and trying to eat healthy, I have a chef,” he conceded. “But that’s just for my stuff. My wife will cook for the family.”

    When asked if he does his laundry, Cuban said, “I’m capable, yeah.”

    “That’s wild. I don’t think I’d do my own laundry if I had that much money,” Althoff said.

    “It takes two seconds. It’s just easier,” Cuban explained, admitting that he draws the line at doing laundry for his kids. “The kids are now supposed to do their own.”

    He keeps cash in his car

    Cuban said that he doesn’t carry cash anymore. Asked how he tipped people like valets who only accept cash, Cuban revealed that he keeps $20 in his car for such occasions. But this doesn’t always work out.

    “The other day, someone stole my $20,” he said. “I was so pissed. I forget where I was, but like, I went in, and I went right in the console where I keep it in my car, and someone stole my $20.

    “Oh, my goodness. I’m sure that really hurt you financially,” Althoff joked.

    He doesn’t have a driver

    When asked if he had a chauffeur, “No, I like to drive myself. I drove myself here,” Cuban said. “I’ve been around people who like have to hire somebody to do everything for them, and that’s just like, no privacy.”

    His one indulgence

    While Cuban dismissed the stereotype of billionaires owning to own a yacht, he did admit that he has a weakness for planes.

    He has a 757 for the Mavs, a G5, and a Bombardier Global 6000.

    “I love it. I’m not gonna lie. It’s my best toy.”

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    Jonathan Small

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  • 5 Reputation Strategies I Learned While Working with Celebrities | Entrepreneur

    5 Reputation Strategies I Learned While Working with Celebrities | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    C’mon, is there anyone out there who doesn’t think Kim K. and Pete D. were a curated love affair? Hollywood is full of set-up relationships and staged situations aimed at one goal: garner media attention. And the more attention, the better, because increased media attention translates directly to increased dollar value.

    Brand image is everything to a celebrity’s career. When the image is positive, it can influence everything from box office share to book sales, from what tequila flies off the shelves to what paint color is all the rage. One utterance of a coined term can go viral within hours. One sighting of a piece of clothing on a certain someone can catapult a design star overnight.

    But when a celebrity brand takes a hit, it can be devastating. It isn’t always — some reputations prove more resilient than others, but if the damage is great enough, fans and followers will knock you off the pedestal as quickly as they hoisted you up there.

    In my 15-year career in PR, I’ve worked with various celebrity types, including influencers, A-listers and corporate bigwigs. A crisis can pop up at any time, especially in today’s hypersensitive cancel culture, and that’s when more than just a hastily tweeted apology or lying low for a while is called for. That’s when it’s time for a crisis expert to step in with some strategic moves that have the power to move the needle in the direction you want it to go.

    Here are some of the tried-and-true methods that have gotten my clients out of hot water when it threatens to scald their reputations permanently.

    Related: Why Investing in Reputation Management is Crucial for Your Business Strategy

    1. There’s always a scapegoat

    In every narrative, there has to be a villain. And your job is to make sure the villain isn’t your client. Case in point: When I handled a celebrity divorce, the famous one, my client (the husband), was getting raked over the coals for some silly choices and behaviors — he seemed like the bad guy in the story, but really, his not-well-known wife was the one cheating.

    We documented everything meticulously and were able to back up our claims of her infidelity; in the process, we pointed the blame where blame was due and salvaged his career. We didn’t make the wife the scapegoat; she was the scapegoat. But the public didn’t know that until we told a more accurate story than the one that was initially circulated.

    Related: How to Turn Failures Into Wins As an Entrepreneur

    2. Someone is pulling the strings for the other party, so you’d best have someone doing the same on your side

    People work hard to build a life, a name or a brand. An insurance policy is needed to ensure they don’t lose it all at the whim of public fodder. A publicity specialist is that insurance, operating behind the scenes to move pieces into place and leverage connections to rewrite a narrative heading south.

    PR firms are often hired for just this purpose alone — for on-call crisis management and nothing more — because it’s far better to have already an established relationship with an expert in your corner than to seek out a stranger once a crisis has arisen frantically.

    I remember a story that was about to break about a client of mine that would have reflected poorly on him because of a bit of misinformation. Because I already knew and trusted him quite well, I believed his account of things. I picked up my cell phone, called the CNN writer, and got the nonfactual information edited out from the story. If I didn’t have that in with CNN, my client’s career could have suffered greatly.

    3. Use the press to your advantage

    The press can be your enemy, but it can also be your friend. It’s its own form of gossip mill and works in quite the same way. You know how bad news can spread like wildfire when the media sinks its teeth into a juicy story? Well, the opposite is equally true: Good news can be canvassed far and wide if you have a worthwhile story to tell and get it out there in time.

    If there’s anything the PR community has learned in this day and age of big-name and big-brand crises plastered all over social media, it’s that narratives have power. On behalf of your clientele, you need to tell the narratives they want to be publicized. The press literally follows celebrities around everywhere. It’s just as easy to get them to snap a shot of your client speaking at a charity brunch as it is to get a shot of them sneaking out of a late-night club bleary-eyed. Book the photo op. Get the views. With enough views, a new story is written.

    Related: 5 Ways to Make Journalists Actually Want to Publish Your Brand’s Stories

    4. Know when to hold them and when to let them go

    All this said, there is a time and place to sit tight and wait things out. Strategizing is one thing, but smart management is another. When someone’s sizzling in the flames of bad press, that’s not the time to open their new restaurant or launch their new fragrance. Wait until the fire has died down but isn’t completely out — when your client is still a hot object of media attention but no longer the catch of the day — and then have them rise from the ashes.

    5. Listen, learn and do NOT repeat

    Helping someone out of a pickle once or twice is to be expected when you manage reputations. Anyone can get into a bit of trouble over almost anything these days. But if a client keeps making the same mistakes, you can either choose to cut them loose, or you can firmly guide them to stop pushing the repeat button!

    Attend to what’s being said about a public figure or brand; learn what you can from how these reports affect (or do not affect) your interest; and then, at almost all costs, avoid getting in hot water again. The easiest way out of a sticky situation is to not get into it in the first place.

    PR is an art, not a science, and like any art, you can get training in it to learn how to draw your own portrait, paint your own scene and write your own script. With media training and advice from publicity veterans, you can get ahead and get in front of the story — the story you want to tell.

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    Emily Reynolds Bergh

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  • The Art Thief Who Fell in Love With His Biggest Score | Entrepreneur

    The Art Thief Who Fell in Love With His Biggest Score | Entrepreneur

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    Adam Worth was the Victorian Era’s most infamous thief. He was so sneaky, so devious and so damn good at his job that he became author Sir Arthur Conan Doyle’s inspiration for Dr. Moriarity, arch-nemesis of Sherlock Holmes.

    Worth’s exploits earned him the nickname “The Napoleon of Crime,” a nod to his ceaseless drive to steal anything that wasn’t nailed to the floor. (And even if it was, he’d steal it anyway.) Worth and an array of ne’er-do-wells were as innovative as they were crooked, tunneling their way into bank vaults from adjacent building basements, setting up shape-shifting illegal gambling dens and slipping into new countries and identities when things got too hot.

    Subscribe to Dirty Money on Apple | Spotify | Stitcher | Google Play

    Worth was pursued across multiple continents by the Pinkerton detective agency (which would one day become the Secret Service) and he cemented his status as one of the greatest thieves in history when he stole the incredibly famous portrait of Georgiana Cavendish, The Duchess of Devonshire, right off the wall of a London gallery.

    Worth held onto the pilfered portrait for years, chauffeuring it around the world in the false bottom of a luggage trunk. Some say he was waiting for the right moment to sell it, others believe he fell in love with the Duchess’s beguiling image and didn’t want to let go.

    So what became of the art thief and his prized score? Listen to the episode (embedded above) and please leave our little show a big fat five-star rating and a review. Your comments might be featured in a future episode.

    Thanks as always for listening!

    About Dirty Money

    Dirty Money is a new podcast series from Entrepreneur Media telling the tales of legendary scammers, con artists, and barely-legal lowlifes who stop at nothing to bilk their marks of millions. Hosted by Entrepreneur editors Dan Bova and Jon Small, the podcast takes a deep dive into the deviants behind the deeds.

    Related: The Fake Heiress Who Scammed One of the Richest Men in America

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    Dan Bova

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  • Your Top 10 Business Building Tips from Shaquille O’Neal, Amy Porterfield, Pat Flynn and More | Entrepreneur

    Your Top 10 Business Building Tips from Shaquille O’Neal, Amy Porterfield, Pat Flynn and More | Entrepreneur

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    I’m often asked how I determine the guests on my podcast, Launch Your Business. The answer is pretty simple. I just think back to when I first started my business and all the associated challenges and confusion that I experienced.

    Then, I bring on the people that I wish I could have talked to back then. Maybe it’s because they’re a subject matter expert who can teach the nuts and bolts of running a business. Or maybe their story is inspiring and provides a much-needed boost of motivation.

    But either way, after each episode, you’ll gain insight on how to do at least one thing better.

    Here are some of my top takeaways from recent guests. Afterward, I’ll let you know how you can be a guest on the show as well.

    Pat Flynn: Become part of the audience you want to build

    When you’re trying to build an audience, it’s tempting to dive in and offer what you think the audience would like. Instead, Pat says that you ought to become part of the audience — that way you know what their likes and dislikes are, what annoys them, what key terms they use and the gaps in the market that you can fill.

    “I think empathy is so key, and it’s impossible to empathize with somebody or a group of people who you just met for the first time,” Pat said.

    Listen to the full episode.

    Shaquille O’Neal: Delegation is the key to unlocking opportunities

    While chatting with Shaq, I asked him to share the one question almost nobody asks him, but they should, because his advice would be so valuable.

    “How do I do so much? And the answer is delegation. For example, if I was going to own an African American successful media company, I’d call you brother. Cause I know you’re educated. I know you’re smart. I know you’re well respected in the business and I’m not gonna micromanage you. I’d call you once a week.

    I’m not gonna do any work. I’m calling you. I delegate and I don’t micromanage. That’s how I can own a bunch of things and still be here in my country and state.”

    I’m pretty sure Shaq offered me a job, I’ll keep you posted on that.

    Listen to the full episode.

    Quentin Allums: Systems are necessary for scaling

    Quentin Michael Allums is a serial entrepreneur, and he said that one mistake he made early on was avoiding systems. The thought here is that systems and set processes are constraining — but really, they free you and your team up to spend your time and energy on other things.

    “If you have a process, a system, you will go so far,” Quentin said. “Even if it’s not perfect, just keep up-leveling as you go. It will help you with hiring, it’ll help you with content, and it’ll help you scale. And you don’t wanna build on a rocky foundation, which is what I did.”

    Listen to the full episode.

    Anthony Trucks: Disconnect your identity from your output

    During my conversation with Anthony Trucks, former NFL player and current international speaker and coach, he brought up a powerful analogy. He said that at a difficult time in his life, he should’ve thought of his life as a tree, and his successes as the fruit.

    “Playing football fell off the tree and it rolled somewhere and it died, right? … But I didn’t realize that I (and none of us) have ever been the fruit. We’ve always been the tree. And when you don’t take care of the tree, all the rest of the fruit dies,” Anthony said. “And so for me, I had to realize you are not football, man. You are the kind of person that created that outcome for your life. So do it somewhere else.”

    Listen to the full episode.

    Amy Porterfield: Courage and confidence are different things

    “I always say that confidence is something that comes when you start to see a track record,” Amy said. You start with small steps, you see small progress, and your confidence grows. “Courage happens when you don’t have a track record yet, you have no proof this is going to work. You’re going to take a leap of faith, you’re going to have the courage to move forward because you know you want it badly enough. And so we all have to start with courage over confidence because courage will absolutely be there before confidence ever will.”

    Listen to the full episode.

    Ashley Kirkwood: Your team is not there to make you money

    When I asked Ashley what she wishes she’d known earlier in her entrepreneurial journey, she gave me an answer I’ve never heard before: Your team is not there to make you money — they’re part of your big-picture mission.

    “I work for my team,” Ashley explained. “I try to become a better person for my team. I want to encourage and help my team grow like they are everything to this business. And I wish I would’ve known that earlier because I would’ve hired earlier. I would’ve cultivated them earlier. I would’ve started reading personal development books even earlier at the same time as I was reading sales and marketing books.”

    Listen to the full episode.

    Tanner Chidester: If you’re not willing to send some DMs to grow your business, you probably need to change your perspective

    One thing that Tanner Chidester said he encounters while coaching is the lack of grit for the startup phase. When you have a big idea and no team, you are going to need to power through some less-than-pleasant jobs – but the good news is, there are worse things than sending sales emails or DMs.

    “People forget, I did door-to-door sales for eight months, six days a week, 12 hours a day,” Tanner said. “I’ve told people doing that was harder than building a 20 million per year business. He continues “I’ve had guns pulled on me [and] knives. So I just think people, they don’t really understand what it takes to be successful.”

    Listen to the full episode.

    T.I.: Don’t let other people’s opinions cloud your vision

    T.I. has come up with plenty of ideas that have led to numerous entrepreneurial ventures. He said that one key is keeping your vision to yourself when it’s in the early phases.

    “Your vision is yours for a reason. My vision is mine for a reason. Usually, the first thing we do when we get a vision is take it to the people around us and say, ‘Hey, look, this is what I had an idea of doing.’ And they’ll probably (because of their fears, their failures because they don’t believe that they could do it because it’s not their vision), they would say, ‘Nah, that ain’t gonna work.’”

    The worst part of this? If you let your friends talk you out of a good idea, when you see someone else making that vision happen, you’ll have no one to blame but yourself.

    Listen to the full episode.

    In his work as a coach, Alex Schlinsky says that everyone is pursuing freedom – but often the definition is blurry. Maybe the person defines it as financial freedom without taking into account the time it requires to generate lots of income quickly, or maybe they’ve allowed someone else to define freedom and fulfillment for them.

    “The anti-hustle model is all about identifying for you very specifically what time and financial freedom means, what success really means, what happiness really means and doing that deep work so you can build the formula to your ideal and dream life instead of allowing me or anyone else to decide it for you.”

    Listen to the full episode.

    Hala Taha: Showing your process can rally an audience

    While many entrepreneurs are tempted to showcase only their polished finished product, podcasting network mogul Hala Taha credits her early devoted fanbase to her willingness to let her audience in on the process — even when it was as unpolished as showing her recording setup in her mother’s basement.

    “I think what made me magnetic is because I was sort of the underdog,” Hala said. “I just think that it was magnetic and I was just trying to be of service. My goal actually wasn’t to monetize the show, I literally would tell people that it’s impossible to create a business out of podcasts. And now I literally have a business from my podcast, and for two years I was like, podcasting is just to be of service.”

    Listen to the full episode.

    Craig Siegel: Failure is part of the process, and it can be a good thing

    “Full disclosure, spoiler alert: Entrepreneurship (or anything in the world really worth creating) is going to be challenging,” Craig said. “Specifically in the beginning, I don’t think you can replace that season of grind where you’re really working.”

    He went on to add that there’s a gift in failure if you’re willing to find it.

    “As long as you’re having good misses, and you’re learning, and you’re figuring out what doesn’t work, so you can reapply to what should work … It’s all part of the process.”

    Listen to the full episode.

    Ready to learn more from Craig? Check out his new book The Reinvention Formula: How to Unlock a Bulletproof Mindset to Upgrade Your Life.

    Want to be my next guest?

    I want to help you get unstuck so you can multiply your revenue potential. And, I’d love to chat with you about it on my podcast. Here’s how to make it happen.

    First, leave a review on your favorite podcast platform and share at least one thing you’ve learned from a previous episode. It can be one of those listed above or any other episode that has been released. Then, share that review as an Instagram story and tag me at @itsterryrice as well as Entrepreneur magazine using the handle @entrepreneur. One last step. Screenshot your review and complete this Google Form.

    We’ll then select participants to appear on the show so you can share more about your business and receive a real-time coaching session from me. This will be an ongoing opportunity but you must post your story by August 31st in order to be considered for the first round of guest appearances.

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    Terry Rice

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  • Gwyneth Paltrow Just Listed Her Guesthouse On Airbnb | Entrepreneur

    Gwyneth Paltrow Just Listed Her Guesthouse On Airbnb | Entrepreneur

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    A couple of lucky Airbnb guests may soon have the opportunity to stay in The Guesthouse that Goop Built.

    That’s right, good CEO Gwyneth Paltrow took to Instagram today to announce that she’s listing the guesthouse on her Montecito property for one night on Airbnb.

    The “goop-inspired stay” is part of a promotional effort by Airbnb to “make the world feel a little less lonely” by asking “unexpected guests to create unique shared experiences and connections.”

    Related: DJ Khaled Just Rented Out His Sneaker Closet on Airbnb for $11

    Photo by: Airbnb

    Paltrow plays real estate agent

    In the video, the Goop founder offers a tour of the charming house set on her sprawling property overlooking the ocean.

    She begins in the living room, calling out its wood-burning fireplace and lightly-stocked bar.

    In the bathroom, Paltrow touts the soaking tub stocked with goop products.

    “Your skin is gonna be better when you leave than when you came,” she says.

    Outside, she shows off the manicured stone-paved paths, lush garden, and crystal blue pool, saying, “You can come and have a zen moment with lots of light and fresh air.”

    But Paltrow doesn’t plan to be an absentee host. She invites whomever her guests will be to break gluten-free bread with her.

    “We could have a little chef’s dinner together in our wine room, and you can select whatever bottle of wine you like,” she says in the video. “We can have a fantastic cozy dinner with your guest and my husband [film producer husband, Brad Falchuk].

    Airbnb CEO Brian Chesky even appears in the video claiming, “I’ve seen a lot of homes, and I think this is one of the best homes I’ve ever seen.”

    So how much will a night in Gwyneth’s guesthouse cost you? At press time, the site listed the property for $0. Applicants are encouraged to book on August 15 at 10 am PST.

    “While we may begin as strangers, I hope we’ll find connections,” Paltrow says.

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    Jonathan Small

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  • How Social Entrepreneurs Are Changing the World | Entrepreneur

    How Social Entrepreneurs Are Changing the World | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In a rapidly evolving world facing an array of pressing challenges, the rise of purpose-driven entrepreneurship has emerged as a beacon of hope.

    Social entrepreneurs are individuals who use entrepreneurial principles, innovative thinking and business acumen to create positive and sustainable social or environmental impact. They are driven by a strong sense of purpose to address pressing societal challenges and improve the well-being of communities and the planet.

    Social entrepreneurs apply the same entrepreneurial mindset used in traditional business ventures to develop innovative solutions to complex social problems. Their primary goal is to generate positive outcomes rather than solely seeking financial profit. They often work to empower marginalized groups, improve access to essential services, address environmental issues and promote social justice.

    This article delves into the transformative force of purpose-driven ventures, exploring their sustainable impact and the supportive ecosystem propelling their success.

    Related: 3 Steps to Forge Your Company’s Purpose-Driven Path

    The emergence of purpose-driven ventures

    Traditionally, entrepreneurship has been associated with profit-driven motives, but a paradigm shift is underway. Social entrepreneurs have recognized that addressing societal and environmental challenges requires more than just good intentions; it demands a sustainable approach that integrates purpose into business strategies. These visionary leaders view challenges as opportunities and harness the power of innovation and empathy to create lasting impact.

    For example, Patagonia, founded by Yvon Chouinard, is a renowned outdoor apparel company that embraces sustainability and environmental responsibility as part of its core mission. They prioritize eco-friendly materials, minimize waste and actively support environmental causes through campaigns like “1% for the Planet,” where they donate a portion of their revenue to environmental initiatives.

    The power of profit and purpose alignment

    Contrary to the notion that profit and purpose are conflicting concepts, social entrepreneurs have unlocked the potential of aligning the two forces for the greater good. By imbuing their ventures with a meaningful mission, they attract a loyal customer base and engage employees who are deeply committed to the cause. This alignment fuels passion, creativity and dedication, propelling these purpose-driven ventures towards remarkable success.

    A good example is Warby Parker, an eyewear company co-founded by four friends (Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider), which has a “Buy a Pair, Give a Pair” business model. For every pair of glasses sold, they provide a pair to someone in need through partnerships with nonprofit organizations. This alignment of profit and purpose has resulted in both business success and significant social impact.

    Related: How to Build a Business that Makes a Positive Impact

    Driving sustainable impact

    One defining characteristic of purpose-driven entrepreneurship is its commitment to sustainable impact. Social entrepreneurs look beyond short-term gains, focusing on solutions that create lasting change. Whether it’s tackling environmental issues, empowering marginalized communities or improving healthcare access, these ventures invest in projects with far-reaching and enduring effects, leaving behind a positive legacy for generations to come.

    Green School, for example, founded by John and Cynthia Hardy, is an innovative, eco-focused school in Bali that integrates sustainability, environmental education and holistic learning into its curriculum. The school’s unique approach empowers students to become changemakers, fostering a generation of environmentally conscious leaders.

    Inspiring stories of social entrepreneurs

    Tony Elumelu is a visionary entrepreneur and philanthropist who has become a leading example of purpose-driven entrepreneurship. As the founder of The Tony Elumelu Foundation, he is empowering African entrepreneurs to drive sustainable economic growth and social development on the continent. Through his foundation’s flagship initiative, the Tony Elumelu Foundation Entrepreneurship Programme (TEEP), Tony Elumelu has provided mentorship and training to 1,500,000 and seed funding to 18,000 young African entrepreneurs.

    There’s also Kiva, an online micro-lending platform, co-founded by Jessica Jackley and Matt Flannery. It connects individuals looking to lend small amounts of money (as little as $25) to entrepreneurs in developing countries. This peer-to-peer lending model empowers entrepreneurs to start or grow their businesses, with the goal of lifting them out of poverty.

    The support ecosystem

    Behind every successful social entrepreneur stands a supportive ecosystem that nourishes their vision. Impact investors, philanthropic organizations and government initiatives play a pivotal role in nurturing purpose-driven ventures. The collective effort of these stakeholders provides access to capital, mentorship and networks that amplify the ventures’ reach and potential.

    Related: 3 Steps for Making a Positive Environmental, Social and Governance (ESG) Impact

    Spreading the movement

    The rise of purpose-driven entrepreneurship is not an isolated phenomenon. It is part of a global movement towards a more sustainable and equitable world. As these social entrepreneurs blaze a trail, they inspire others to follow suit, creating a ripple effect that catalyzes positive change across industries and borders.

    B Corporations, also known as B Corps, are businesses that meet rigorous standards of social and environmental performance, accountability and transparency. These Save & Send for Review companies include Patagonia, Ben & Jerry’s and Seventh Generation, among others. The B Corp movement is spreading globally, inspiring businesses to pursue not just profit but also purpose and positive impact.

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    Taiwo Sotikare

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  • Here’s the No. 1 Thing Rich People Want in Luxury Real Estate | Entrepreneur

    Here’s the No. 1 Thing Rich People Want in Luxury Real Estate | Entrepreneur

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    Competition for real estate is fierce in many places across the U.S. But the battle unfolds on an even larger scale in the country’s wealthiest cities, where luxury homes outfitted with every amenity imaginable can sell for tens — or even hundreds — of millions.

    Of the 10 U.S. counties where prospective buyers need to earn the most to buy a home, 80% are in California, spanning from Marin County in the north to Orange County in the south, CNBC reported earlier this year.

    Real estate agent Bre Tiesi, one of the latest to join The Oppenheim Group brokerage featured in Netflix’s Selling Sunset, knows firsthand what it takes to sell in the luxury Los Angeles-area market, where the show takes place.

    Related: 8 Things I Discovered While Working With Affluent Clients in New York City

    Tiesi’s transition from a modeling career to one in real estate coincided with the pandemic, but she received her license back in 2017, always knowing she’d leverage her network to put it to use. “There’s a lot of money out here [in LA] when it comes to real estate and luxury,” Tiesi tells Entrepreneur, “so it’s just who you know, honestly.”

    Although Tiesi says all of her clients are “really different,” there are some similarities when it comes to what they want in a luxury property. Generally, wealthy buyers are on the hunt for a “full-service home.”

    “They want to have as much as they can, where they don’t have to leave their house.”

    “Everyone wants the works,” Tiesi explains. “They want the pools, the gyms, the movie theaters, all that type of stuff. So it’s all basically the same for anyone with money: They want to have as much as they can, where they don’t have to leave their house.”

    In fact, luxury homes in the LA market are typically so well-equipped with all of the bells and whistles that moneyed clients don’t have any problem finding one worthy of an offer. “It’s more [an issue] of loving them all and trying to narrow it down,” Tiesi says.

    And the No. 1 factor in that process of elimination? Location.

    “There’s only so much real estate out here in those prime areas.”

    “It’s always location,” Tiesi explains. “It just depends on where that person wants to be. If they want to be in the Hills, if they want to be in the Valley. There’s only so much real estate out here in those prime areas, so when things are flipped or come on the market, it’s always about location because it doesn’t come around all the time.”

    There are a lot of new developments popping up in Encino, Tiesi adds, because just a couple of years ago “there was nothing available” — and any property that did hit the market was often gone within 24 hours.

    On average, homes in Encino go for upwards of $1.4 million, with 34.2% of sales above the list price, per Zillow.

    Related: How This Real Estate Entrepreneur And Influencer Sets Gold Standard Approach to Selling Luxury Homes

    Although a well-appointed luxury property’s prime location might be its biggest selling point, Tiesi says something else can also seal the deal: really getting to know the client.

    “A lot of the time the clients think that they know what they want,” Tiesi says. “Sometimes they can even be stern on what they say they want to see, things like that. But when you know them, you’re able to move differently and see their vision and put them in different places that they may not have been open to before.”

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    Amanda Breen

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  • What Is Elon Musk’s Net Worth? CEO Salary, Tesla Shares, SpaceX | Entrepreneur

    What Is Elon Musk’s Net Worth? CEO Salary, Tesla Shares, SpaceX | Entrepreneur

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    This article originally appeared on Business Insider.

    Elon Musk, the world’s richest person, has a net worth of around $239 billion, according to estimates by Bloomberg.

    But the tech mogul’s wealth comes from a number of sources and it isn’t stable. His fortunes have fluctuated greatly since the start of the pandemic, and he’s been trading places with other tech billionaires to top Bloomberg’s rich list.

    How has Musk’s net worth changed over time?

    Musk, who was born in South Africa, moved to Canada, and dropped out of a Ph.D at Stanford, became a millionaire before he hit 30. Musk started Zip2, a website that provided city travel guides to newspapers, with his brother Kimbal Musk, and sold it to Compaq for more than $300 million in 1999. Musk, then aged 27, is believed to have got $22 million from the deal.

    He went on to cofound online bank X.com in 1999. It soon merged with Peter Thiel’s Confinity to become PayPal, and the company was bought for $1.5 billion by eBay in 2002. Despite having been ousted as CEO, Musk walked away with around $165 million.

    Musk cofounded space-exploration company SpaceX in 2002. In 2004, he became an investor in and chairman of EV company Tesla. During the financial crisis in 2008, he saved Tesla from bankruptcy with a $40 million investment and a $40 million loan. That same year, he was named CEO.

    Musk said 2008 was “the worst year of my life.” Alongside problems in his personal life, Tesla kept losing money and SpaceX was having trouble launching its Falcon 1 rocket. By 2009, Musk was living off personal loans.

    But Tesla went public in 2010, and Musk’s estimated net worth steadily climbed. In 2012 he debuted on Forbes’ Billionaires List with an estimated wealth of $2 billion.

    In 2016, Musk set up tunnel-digging business the Boring Company. The next year, he founded neurotechnology startup Neuralink.

    Musk’s net worth began a rapid ascent at the start of the pandemic as Tesla shares soared. Musk started 2020 with an estimated net worth of just under $30 billion and was worth around $170 billion just a year later – a more than five-fold increase in just a year. His estimated fortune peaked at around $340 billion in November 2021.

    He also bought Twitter for $44 billion in October 2022, serving as its CEO until he stood down in early June.

    Though Bloomberg puts his current net worth at $239 billion, Forbes puts it at $242.4 billion.

    Where does Musk’s fortune come from?

    Musk’s wealth is largely dependent on Tesla shares. Though he takes no salary from Tesla, he’s awarded stock options when the company hits challenging performance metrics.

    “Elon will receive no guaranteed compensation of any kind — no salary, no cash bonuses, and no equity that vests simply by the passage of time,” Tesla said in 2018 when the company announced a 10-year performance award for Musk. “Instead, Elon’s only compensation will be a 100% at-risk performance award, which ensures that he will be compensated only if Tesla and all of its shareholders do extraordinarily well.”

    According to Bloomberg, close to half of Musk’s net worth comes from Tesla shares, while just over 20% comes from SpaceX shares. The rest of his wealth comes from shares in Twitter and The Boring Company, as well as other miscellaneous liabilities.

    How does Musk stack up to other billionaires?

    At time of writing, Musk was the world’s richest person, according to Bloomberg’s estimates, though he frequently trades places with other billionaires.

    Musk’s current fortune is around $38 billion larger than that of LVMH founder Bernard Arnault, who Bloomberg estimates is worth $201 billion. Rounding off the top five are Amazon founder Jeff Bezos, at $153 billion, Microsoft cofounder Bill Gates, at $137 billion, and Oracle cofounder Larry Ellison, at $133 billion.

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    Grace Dean

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  • Mark Zuckerberg Earns Blue Belt Prepping for His Match with Musk | Entrepreneur

    Mark Zuckerberg Earns Blue Belt Prepping for His Match with Musk | Entrepreneur

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    While Elon Musk has been busy rebranding Twitter as X, his rival Mark Zuckerberg has been rising up the ranks to receive his blue belt in Brazilian Jiu-Jitsu.

    On Sunday, the Meta CEO posted a photo of himself sporting his new colors with martial arts coach Dave Camarillo.

    “Congrats @davecamarillo on your 5th degree black belt, Zuckerberg wrote. “You’re a great coach, and I’ve learned so much about fighting and life from training with you. Also honored to be promoted to compete at blue belt for @guerrillajjsanjose team.

    A blue belt in Brazilian Jiu-Jitsu is the second adult rank in the art after a white belt.

    Zuckerberg seems to be serious about the sport. He picked it up during the pandemic. In May, he won two medals in a Brazilian Jiu-Jitsu tournament at a Silicon Valley high school.

    Training for the cage match?

    In June, Elon Musk challenged Mark Zuckerberg to a battle of the billionaires, saying he was “up for a cage fight.”

    Zuckerberg responded by posting a screenshot of Musk’s tweet on his Insta Story with the caption, “send me location.”

    Musk then responded with two words: “Vegas Octagon.” He was later photographed training with Lex Friedman, who has a black belt in Jiu-Jitsu.

    Dana White, president of the UFC, told the New York Times that he has talked to Musk and Zuckerberg about organizing a fight.

    “They both want to do it,” he said.

    Zuckerberg’s latest post seems to signal he’s serious about improving his skill level.

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    Jonathan Small

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  • Who Is Texas Furniture Kingpin ‘Mattress Mack’? | Entrepreneur

    Who Is Texas Furniture Kingpin ‘Mattress Mack’? | Entrepreneur

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    This story originally appeared on Business Insider.

    Jim McIngvale was born in Starkville, Mississippi in 1951. His father, George McIngvale, was a business owner. His mother, Angela McIngvale, was a stay-at-home mother.

    A store in Starkville, Mississippi, though not the one George McIngvale worked at. HUM Images/Universal Images Group via Getty Images via BI) Source: Houston Intown Magazine

    McIngvale went to high school in Dallas, Texas and attended the University of North Texas for three years where he played football before dropping out in 1973.

    University of North Texas campus.

    University of North Texas campus. University of North Texas Image Gallery Source: LinkedIn, University of North Texas via BI

    After leaving college, McIngvale worked at a convenience store. He eventually got fired, which he saw as an opportunity to reinvent himself.

    Convenience store

    A convenience store, though not the one McIngvale worked at. Gado/Getty Images via BI Source: KHOU 11, Gallery Furniture

    After that, McIngvale got a job at a furniture store in Dallas, Texas. In this role, he learned the ins-and-outs of running a furniture business and developed a passion for the industry.

    Furniture store

    A furniture store, though not the one McIngvale worked at. Jeffrey Greenberg/UCG/Universal Images Group via Getty Images via BI Source: LinkedIn

    In 1981, McIngvale moved to Houston, Texas with his newly wedded wife Linda and $5,000 in life savings to open a furniture store called Gallery Furniture at an abandoned model home park located next to a freeway. They slept there for weeks to prevent the theft of inventory and worked late nights to pick up furniture.

    Jim McIngvale posing in furniture store

    Jim McIngvale in his furniture store. Matthew Stockman/Getty Images via BI Source: Gallery Furniture

    Gallery Furniture’s sales soared during its first year of business as Americans moved to Houston to work in the city’s booming auto, oil, and steel industries and needed to purchase furniture for their new homes.

    Oil storage facility in Texas

    An oil storage facility in Houston, Texas. Mark Felix/AFP via Getty Images via BI

    But by 1983, Gallery Furniture’s sales dropped significantly. This forced McIngvale to rethink his advertising strategy which included signs nailed to telephone poles and door-to-door fliers.

    Man putting fliers in a door.

    A man putting fliers in a door. Al Drago/CQ Roll Call via Getty Images via BI Source: Gallery Furniture

    McIngvale decided to spend his last $10,000 on a TV commercial shown on two Houston stations. He didn’t like how the commercials turned out, so he stepped in front of the camera and improvised a sales pitch. He spoke quickly and energetically, ending his pitch by shouting “Gallery Furniture saves you money!”

    An old TV model.

    An old TV model. In Pictures Ltd./Corbis via Getty Images via BI Source: KHOU 11, Gallery Furniture

    The advertisement was a success and led furniture sales to skyrocket. The “save you money” slogan is now famous among Houstonians who watched him on TV.

    furniture store ad

    An advertisement for a Texas furniture store. RJ Sangosti/The Denver Post via Getty Images via BI Source: KHOU 11, Gallery Furniture

    Throughout the early 1980s, Mack appeared in a number of commercials where he wore a mattress costume. That’s when the nickname “Mattress Mack” was born.

    During this time, he shifted away from selling solely value-priced furniture into higher-end furniture which attracted new customers. He credits the uptick in sales to his customer-centric approach to business, promising same-day delivery of furniture.

    As McIngvale ascended to fame and fortune, he and his wife became executive producers of the 1992 film ‘Sidekicks’ starring Chuck Norris and Jonathan Brandis. In turn, Norris acted in several Gallery Furniture commercials.

    Jim McIngvale and actor Chuck Norris

    Jim McIngvale (left) and actor Chuck Norris (right). Matthew Stockman/Getty Images via BI Source: The Los Angeles Times

    In 1988, McIngvale and his wife Linda moved into a 6,840-square-foot mansion in the Northgate Forest neighborhood, a private residential golf community in north Houston. It included seven bedrooms, Swarovski crystal chandeliers, and an Olympic-sized pool and spa. In 2008, the McIngvale’s sold the home for $815,000.

    In 1991, Gallery Furniture generated $30 million in sales. By 1998, sales were at $100 million. McIngvale said that sales jumped because he adopted W. Edward Deming’s management method into his business, which focuses on improving manufacturing processes over cutting costs.

    McIngvale chronicled the lessons he learned from building a $100 million business into a book he co-authored with Thomas Duening and John Ivancevish titled “Always Think Big.” The book was published in 2002.

    Always Think Big

    Always Think Big, co-authored by Jim McIngvale, Thomas Duening, and John Ivancevich. Amazon

    Seven years after the book was published, McIngvale opened his second Gallery Furniture store, a smaller-version of the original store in Western Houston.

    Steve Francis from Orlando Magic

    Steve Francis from the basketball team Orlando Magic signing autographs for fans at Gallery Furniture. Chris Graythen/NBAE via Getty Images via BI Source: Gallery Furniture

    But disaster struck in late May of 2009 when a Gallery Furniture warehouse was destroyed by a fire that investigators said was caused by arson. The store lost millions of dollars worth of new furniture and racked up $10 million in damages.

    Soon after the fire, the Greater Northside Management District where his business properties are located sued McIngvale, alleging he refused to pay $48,000 in taxes between 2005 to 2007. McIngvale said that the district did not maintain the area properly, calling its fiscal policies “taxation without representation.”

    McIngvale continued to grow his business. By 2015, he opened his third Gallery Furniture store in Fort Bend County, the largest out of the three. The 165,000 square foot store didn’t just display furniture. It also had monkeys and birds in cages, and puffer fish and sharks in a saltwater aquarium tank. McIngvale said he wanted customers to have an unforgettable shopping experience.

    Puffer fish

    McIngvale’s third Gallery Furniture store featured exotic animals like puffer fish. Brent Durand/Getty Images via BI

    On top of his business achievements, McIngvale is also known for giving back to the Houston community. When Hurricane Harvey hit Texas in 2017, McIngvale opened his Gallery Furniture stores as a shelter for 800 victims who evacuated their homes to avoid flooding.

    A family rests in a shelter at a Gallery Furniture store during the aftermath of Hurricane Harvey on August 30, 2017 in Houston, Texas.

    A family takes shelter at a Gallery Furniture store after Hurricane Harvey hit Texas. Bredan Smialowski/AFP via Getty Images via BI

    Two years later, McIngvale entered the sports betting business. In 2017, he made a deal where customers would receive free mattresses if the Houston Astros beat the Los Angeles Dodgers in the MLB’s World Series. When the Astros won, he lost $10 million worth of mattresses. He said that he likes these big bets because he “gets bored to death with stability.”

    Houston Astros owner Jim Crane hoists the Commissioner's Trophy after the Astros defeated the Los Angeles Dodgers

    Houston Astros owner Jim Crane raises a trophy after the Astros defeated the Dodgers in the 2017 World Series. Rob Tringali/MLB via Getty Images

    Over time, McIngvale continued making million-dollar sports bets. During the 2019 World Series, McIngvale travelled the country by private jets to place bets on Astros winning at betting sites in three different states. When the Houston Astros lost to the Washington Nationals, McIngvale lost at least $11.6 million in wagers. He has also made bets on Houston sports teams playing in the NFL playoffs, the Kentucky Derby, and the Superbowl.

    Jim McIngvale (Mattress Mack) autographs the official game ball

    McIngvale signs a basketball used during the 2019 NBA Playoffs between Houston Rockets and Golden State Warriors. Bill Baptist/NBAE via Getty Images Source: ABC 13, Legal Sports Betting

    But in June of 2019, McIngvale got sent to the hospital after a stroke scare where his face and arms went numb. Even though he’s reportedly said that “work is his therapy,” doctors urged him to work less hours until he got better.

    But McIngvale’s bets didn’t stop his philanthropy. When tropical storm Imelda flooded Houston in 2019, he once again opened Gallery Furniture to evacuees and raised $106,000 for those affected. McIngvale also handed out thousands of free masks to Houstonians in early 2020 when the COVID-19 pandemic led to a mask shortage. In 2021, he provided shelter to those impacted by the Texas power crisis.

    A man rests on a chair while taking shelter at Gallery Furniture.

    A man takes shelter at Gallery Furniture after Houston was hit with electricity blackouts in early 2021 due to winter storms. Go Nakamura/Getty Images Source: KHOU 11, ABC 13, The Washington Post

    Even though McIngvale lost more than $10 million on bets from 2020 onwards, the furniture kingpin won $75 million dollars after the Astros beat the Philadelphia Phillies during the 2022 World Series championship — the largest payout in the history of sports betting.

    Jim McIngvale and others celebrating Houston Astros winning the 2022 World Series championship during a parade.

    Jim McIngvale and others celebrating Houston Astros winning the 2022 World Series championship during a parade. Troy Taormina/USA TODAY Sports via Reuters Source: Action Network, CBS Sports, Insider

    The majority of the winnings will go towards a Gallery Furniture store promotion in which anybody who spent more than $3,000 on a mattress there would get a refund.

    Jim Mclngvale at Gallery Furniture

    Jim Mclngvale at his store Gallery Furniture. Go Nakamura/Getty Images Source: Yahoo Sports

    The 71-year-old McIngvale’s net worth isn’t clear — he is not listed on Bloomberg or Forbes’ wealth indexes.

    Jim McIngvale and Linda McIngvale

    Jim McIngvale with his wife Linda McIngvale at the 2018 Annual UNICEF Gala in Houston. Bob Levey/Getty Images

    In a statement released after he won the Astros bet, McIngvale wrote that the last 41 years have been “the greatest years” of his life.” He dedicated his wins to the Houston community. “I would do anything for this city,” according to the statement.

    McIngvale at his store Gallery Furniture in Houston.

    McIngvale at his store Gallery Furniture. Mark Felix for The Washington Post via Getty Images. Source: Gallery Furniture’s facebook page

    McIngvale hasn’t been as lucky since his big win. In January, he lost $1.5 million betting on Texas Christian University’s Horned Frogs in the College Football Playoff’s national championship and $2 million betting on the Dallas Cowboys after they lost the playoffs to the San Francisco 49ers.

    mattress mack's jim micingvale shaking a woman's hand

    Jim McIngvale shaking hands with a woman to whom he gave a free mattress after the Houston Astros won the World Series. Credit: AP via BI Source: Sports Illustrated

    Two months later, he lost an additional $4 million after the University of Houston’s mens’ basketball team lost the NCAA tournament.

    mattress mack at the astros parade

    Jim McIngvale with players from the Houston Astros at the victory parade. AP via BI Source: Sports Illustrated

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    Aaron Mok

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  • David Dobrik’s Businesses: See His Entrepreneurship, Net Worth | Entrepreneur

    David Dobrik’s Businesses: See His Entrepreneurship, Net Worth | Entrepreneur

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    After nearly a decade as a digital creator, David Dobrik has set his sights on entrepreneurship.

    Dobrik has over 20 million subscribers combined on his two YouTube channels – David Dobrik and David Dobrik Too, and was one of the highest-earning YouTubers in 2020, making $15 million from his content back in 2020.

    The creator, who turns 27 on July 23, makes content with his friends, known as the Vlog Squad, doing various stunts and feel-good giveaways. He also gifted his friends Teslas, and in turn, continued to rack up the views.

    In 2018, he garnered 60 million views on a “breakup video” with his former girlfriend of three years and content creator Liza Koshy. The two frequently filmed videos together and had fans invested in their relationship. But things then came to a halt.

    RELATED: I’m a 20-Year-Old Airbnb Host Who Made $375,000 In Revenue in 2022. Here’s How I Set Up and Scaled My Properties.

    Image credit: Getty Images | David Dobrik smiling on a red carpet.

    In 2021, Dobrik was hit with a slew of allegations and claims around foul play in his videos with few safety precautions. One subject claimed she was assaulted during filming. One of his pals claimed to be badly injured while filming one of his videos and hit the creator with a $10 million lawsuit that has yet to be resolved. Dobrik then took a break from the public eye.

    Now, Dobrik is revamping his brand from happy-go-lucky creator to businessman — he opened a pizza shop and signed on for several equity brand deals — and now requires his subjects to sign consent forms, he told Rolling Stone.

    Here’s more about Dobrik’s businesses and latest projects.

    Where Did David Dobrik Grow Up?

    Dobrik grew up in Košice, Slovakia, before his family relocated to Illinois when he was five years old, per Rolling Stone. In the U.S., his father started a real-estate photography business while his mother took care of the family. He played tennis and worked as a waiter in high school.

    “His family and my family, we’re not the richest. We survive by our means,” Dobrik’s longtime friend Ilya Fedorovich told the outlet. “I think that one of the reasons that he’s supersuccessful now is that he didn’t have much when he was growing up, but he wanted a lot.”

    He started posting videos on Vine when he was 16. He then continued his education at the College of Lake County in Illinois before dropping out of his first year to move to LA and be a creator full-time. Although Vine shut down in 2017, his star was already growing on YouTube.

    RELATED: This 22-Year-Old Is Now the Most Popular TikToker in the World

    What Controversies Have Surrounded David Dobrik?

    In 2021, former friends claimed they were bullied into uncomfortable situations while filming. Content creator Trisha Paytas, who was often filmed while she was dating his friend, Jason Nash, told Vulture: “I have more PTSD from David and Jason than I do hooking on Santa Monica Boulevard.”

    Additionally, allegations rose against former Vlog Squader Dom Zeglaitis after a woman claimed he sexually assaulted her for a video encouraged by Dobrik, per Insider Business.

    Zeglaitis denied the claims and noted in 2022 that he and Dobrik hadn’t spoken since the allegations. Entrepreneur was unable to find legal documents in relation to the claims.

    He apologized for his involvement in a video titled “Let’s Talk” in March 2021, claiming that consent is pertinent to his content. Following the allegations, Dobrik lost thousands of followers and brand deals from partners including EA Sports and Dollar Shave Club, per Vulture.

    Dobrik was brought under scrutiny again following the release of a documentary titled “Don’t Try This At Home” by former Vlog Squad member Jeff Wittek in April 2021. He claimed he was badly injured and broke part of his face and skull in a wakeboarding accident that was being filmed for a video. Dobrik claimed on his podcast that he paid thousands for Wittek’s medical bills, but he denied Dobrik’s claims.

    In June 2022, Wittek sued Dobrik for $10 million for negligence. The suit has yet to be settled.

    What Businesses Is David Dobrik Involved in?

    At the height of his YouTube days, Dobrik was getting paid thousands to post on behalf of brands, like SeatGeek, Fan Joy, Dollar Shave Club, EA Sports, Chipotle, and more.

    But after doing hundreds of brand deals, he never had a stake in the companies he promoted, he told Forbes.

    “There are so many things that I could have done to set myself up for the future. One thing is with equity. With SeatGeek, there was a company that I was part of a lot. But never, ever did it cross my mind to ask for equity. So that’s what I wish that I would have been a lot better at,” Dobrik told the outlet in August 2022.

    “I was never good at putting myself in positions where I was getting equity and I was also getting the cash to promote,” Dobrik continued. “Now, when I do things, especially when it’s a longer relationship that I have with a company; then there will definitely be cash options and then equity.”

    With his hiatus from the limelight (he hasn’t posted on YouTube in over a year), Dobrik has been focused on growing his business portfolio.

    Dobrik told Forbes he partnered with Happy Hour Tequila Seltzer in a cash deal and said he also partnered with a supplement company founded by his childhood friend called Xeela Fitness. The brand currently sells just pre-workout and protein supplements.

    Then there’s Doughbriks, a Chicago-style pizza restaurant located in Los Angeles that Dobrik worked on for two years before the restaurant’s grand opening in November.

    RELATED: Twitter Is Mourning the Loss of 97-Year-Old TikTok Star Grandma Holla

    “Doughbricks came about because I’m from Chicago and I love pizza,” Dobrik said. “This is something that is really new to me. A physical object for a digital person. That’s why I think it’s crazy because everything is online. Any product is always online.”

    Dobrik’s restaurant brought in huge crowds on opening day, with one family driving 200 miles for a bite, according to NBC News.

    @daviddobrik

    THIS IS ABSOLUTELY INSANE. THANK YOU OH MY GOODNESS THANK YOU

    ♬ original sound – DAVID DOBRIK

    Dobrik hasn’t posted a new episode of his Views Podcast since April 2022. Despite transitioning away from YouTube, he’s active on TikTok with 26.3 million followers.

    What Is David Dobrik’s Net Worth?

    Dobrik was crowned one of the highest-paid YouTube stars of 2020, racking in $15 million for his content.

    During an episode of the Views podcast in 2019, Dobrik said he was making about $275,000 a month from YouTube.

    RELATED: After 14 Years of Writing and Practically No Sales, a Daughter’s Viral TikTok Made Her Dad’s Book a No.1 Amazon Bestseller

    He gave fans a tour of his $9.5 million mansion in Los Angeles that has its own Hawaiian Punch fountain. He also collects various memorabilia, including a $10,000 fully functioning Iron Man suit.

    Dobrik’s net worth is estimated to be $25 million.

    If you or anyone you know has been sexually abused, call the National Sexual Assault Hotline at 1-800-656-HOPE (4673). A trained staff member will provide confidential, judgment-free support as well as local resources to assist in healing, recovering and more.

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    Sam Silverman

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  • Reddit Co-Founder Alexis Ohanian Challenges Work-Life Balance | Entrepreneur

    Reddit Co-Founder Alexis Ohanian Challenges Work-Life Balance | Entrepreneur

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    Technology entrepreneur and investor Alexis Ohanian has a lot going on.

    In addition to building venture capital firm Seven Seven Six with a focus on software and empathy, the co-founder and former executive chairman of Reddit is raising daughter Olympia with tennis legend Serena Williams — and recently partnered with permanent-ink icon Sharpie.

    Life’s about to get even busier for Ohanian soon, as he’s expecting his second child with Williams at the end of this year.

    So how does he manage it all and strike a healthy work-life balance?

    Ohanian tells Entrepreneur he’d like to reframe the question.

    “I don’t think it’s about work-life balance,” he explains. “I don’t think anyone can really accomplish that. It’s not about balancing. If you’re chasing balance, you’re implying, like Thanos, [that] you’d be able to create something perfectly balanced. And the reality is work-life [is] never 50/50. You’ll never achieve anywhere close to that — nor should you.”

    But that doesn’t mean one area should be constantly prioritized over the other either.

    “There are times in your life where you will need to focus on the career, the work,” Ohanian says. “There are times in your life when you need to focus on life. It’s on a spectrum that’s ever-flowing back and forth.”

    Ohanian likens that ebb and flow to a relationship, noting that a partnership is never exactly 50/50. Sometimes you’ll come home from work with just 20% to give while your partner has 80%, he explains, but the key is keeping communication open amid the constant flux.

    Related: Work-Life Balance Is Simple. To Succeed at Work, Get a Life.

    Rituals, routine — and the “surprise and delight” factor

    Before getting married, Ohanian says he was perpetually in “CEO Mode” and “terrible” at finding any semblance of equilibrium between his work and personal life. He recalls pushing himself in his 20s, not thinking about what he ate or how often he exercised.

    That changed when he entered his 30s and became a father. “I was like, I need to change everything so that I can be around for as long as possible for this little one,” Ohanian recalls. “And that’s been one of the superpowers, frankly, of becoming a dad.”

    Today, Ohanian relies on the “discipline of routines” to keep himself grounded, even when it’s more difficult on the road. Right now, that looks like starting his morning off with a cold plunge; he spends 10 minutes in an ice tank before working out, taking a shower and having his first cup of coffee.

    He also takes some time to write down his daily goals in those early hours. Those might be personal or professional, Ohanian says.

    When he is at home, Ohanian sits down for dinner with his family at 6 p.m. every night — “without exception.” He also harnesses the power of “surprise and delight,” a tactic that can be just as effective during family time as it is in business.

    “It’s much more memorable when you break a pattern of someone’s expectations,” Ohanian explains. “These things we advise our founders to do, I also do for my daughter and my wife — that’s the other side of the routine of the discipline. If your default state has this kind of routine and expectations to it, then you also create the opportunity to do stuff that feels out of the ordinary and different.”

    Related: 3 Ways to Surprise and Delight Your Ecommerce Customers

    Take breaks and find activities that help you de-stress

    Ohanian also relies on a few helpful strategies when it comes to managing stress levels. He likes taking walks during the work day, sometimes making a phone call or two while he strolls his South Florida property, “a decent amount of space” complete with chickens and “a little farm action going on.”

    He’s also returned to drawing, a hobby he picked up as a child. Over the years, Ohanian’s used the skill to create several company logos, including Reddit’s. But today, the activity helps him “de-stress” (his preferred implement is the Sharpie S-Gel pen). And he’s been “thrilled” to see Olympia take to drawing as well.

    “Even before the Sharpie partnership, we were doing these drawing classes where I’d fire up YouTube — this was during Covid — [and go to the channel] Art for Kids,” Ohanian says. “It’s this whole family where they do drawing tutorials — the dad, kids, wife, and they draw together. I would do these with Olympia. Olympia gets so fired up [by this] drawing class, and I bring [Serena] into it, or if we have grandparents over at the house, they’ll do it too.”

    Related: 8 Ways to De-stress Yourself at Work in a Minute | Entrepreneur

    Ohanian acknowledges how many resources he has and how difficult reaching a healthy flow state can be for other entrepreneurs and professionals juggling their responsibilities at work and home. That’s why he’s a big advocate for paid family leave; Ohanian wants all American families to have access to it.

    With the right support, some people might even find that having a family unlocks new levels of professional ambition and success. Ohanian certainly found that to be the case for himself.

    “There’s this little human who you care more about than anything else in the world,” Ohanian says. “You actually don’t care about anything else in the world other than this kid’s perception of you. Another gear unlocks once you have that dose of humility, and it’s great. Like I said, ironically, I think it’s made me so much better. I think this chapter of my career as a dad is going to make the previous one look like amateur hour.”

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    Amanda Breen

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  • Nelly Sells Half of His Song Catalog For $50 Million | Entrepreneur

    Nelly Sells Half of His Song Catalog For $50 Million | Entrepreneur

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    Rapper Nelly has something to sing about.

    The Grammy-winner, 48, sold 50% of his song catalog for $50 million this week in a partnership with investment firm HarbourView Equity Partners, a source close to the rapper confirmed to Fox Business.

    The asset management company purchased “select record assets” including songs “Hot in Herre,” “Ride With Me,” “Dilemma,” and other hits.

    In a statement to Variety, Nelly, whose name is Cornell Iral Haynes Jr., said he hopes the sale will keep his fans entertained with his music for years to come.

    Since his start in the early 2000s, the St. Louis native has sold 21 million albums, according to Billboard. His debut album “Country Grammar” reached 10 million in sales and streams in 2016 and is certified Diamond.

    RELATED: Neil Diamond Joins Springsteen, Dylan and Others in Landmark Deal to Sell Entire Music Catalog

    “As artists, we put our heart and soul into each track and there comes a time when you consider preservation of that artistry. My music is my legacy which I want to last beyond me, continuing to make my existing fans happy while reaching new generations and new audiences. I am excited to partner with HarbourView to create opportunities for discovery of my music decades from now.”

    The news comes as Nelly is set to hit the studio to record a new album called “Heartland 2” which will feature an “all-female collaboration,” a source told Fox Business.

    RELATED: Diddy Still Pays Sting $5,000 A Day For Using His Song Without Permission, 26 Years Later

    “Heartland was the artist’s first full country-inspired album that produced a triple platinum single, ‘Lil Bit’ as well as collaborations with Breland amongst others,” the source said.

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  • Queen Latifah Says Female Leaders Must Do These Four Things If They Want To Succeed | Entrepreneur

    Queen Latifah Says Female Leaders Must Do These Four Things If They Want To Succeed | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    The good news is that, according to the U.S. Census Bureau, women-owned employer firms account for more than a third of all U.S. employer-owned firms and revenues at these women-owned businesses have grown almost 52% between 2012 and 2019 compared to a 34% rise in firms owned by men.

    The bad news? Females are still struggling to get investment dollars. According to a recent study conducted by the research site Pitchbook, U.S. startups with all-women teams received 1.9% (or around $4.5 billion) out of around the $238.3 billion in venture capital allocated in 2022.

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    Gene Marks

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  • How Meta CEO Mark Zuckerberg Spends His $65 Billion Fortune | Entrepreneur

    How Meta CEO Mark Zuckerberg Spends His $65 Billion Fortune | Entrepreneur

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    This story originally appeared on Business Insider.

    Mark Zuckerberg is one of the wealthiest people in the world.

    The Meta founder and CEO’s fortune surpassed $100 billion last year, making him one of 10 centi-billionaires on the planet. As of June, Zuckerberg’s net worth was $101.1 billion, according to Forbes.

    Zuckerberg mostly keeps a low profile, but he does splurge on real estate — especially in the tropical paradise that is Hawaii. He and his wife, Priscilla Chan, also invest in childhood education and medical research.

    More recently, Zuckerberg accepted a random challenge from Twitter CEO Elon Musk to a “cage match.” The Meta CEO is known to participate in jiu-jitsu tournaments and other recreational sports.

    Here’s how the tech mogul spends his billions, from cars to properties to charity.

    Facebook debuted on the New York Stock Exchange in May 2012.

    Zuckerberg in New York May 18, 2012. Shannon Stapleton/Reuters

    Eight years after its founding, Facebook clocked in the milestone. At the time, it was the biggest technology IPO in history and it sent Mark Zuckerberg’s wealth soaring.

    Much of Zuckerberg’s fortune comes from Meta.

    Mark Zuckerberg 2020

    Getty via BI

    The exec has a 13% stake in the company, whose parent company is now called Meta.

    But he doesn’t make a large salary — in fact, his take-home pay is just $1.

    Source: Bloomberg, Insider

    But he’s fairly low-key.

    mark zuckerberg priscilla chan

    Priscilla Chan and Mark Zuckerberg Bloomberg via Getty Images via BI

    Despite his status as one of the richest tech moguls, the 38-year-old Harvard dropout leads a down-to-earth lifestyle with his wife, Priscilla Chan, and their two young daughters.

    And he’s not a fan of flashy clothes.

    Mark Zuckerberg Facebook Connect 2021

    Mark Zuckerberg at Facebook Connect 2021 Facebook via BI

    Like many other Silicon Valley stalwarts, Zuckerberg doesn’t dress in flashy suits — he keeps things simple in jeans, t-shirts, and sweaters.

    But they’re reportedly much more expensive than they look, retailing for hundreds, and even thousands, of dollars.

    Source: Insider, GQ

    Neither is he into flashy vehicles.

    Mark zuckerberg in a car

    Zuckerberg in 2012. Kevork Djansezian/Getty Images via BI

    Zuckerberg is known for driving relatively inexpensive cars. He’s been seen in an Acura TSX and a Honda Fit, both of which are valued at or under $30,000.

    Sources: Insider, CNBC

    He loves his signature Volkswagen.

    Volkswagen Golf GTI

    Tony Avelar/AP via BI

    He’s been spotted driving a black Volkswagen Golf GTI, a car that he bought well after making his fortune. That car would cost about $30,000 new.

    Source: Insider

    Although he did splurge on a car …

    mark zuck pagani huayra

    Mark Zuckerberg and a Pagani Huayra. Not Zuckerberg’s actual car. Charles Platiau/Reuters and Norbert Aepli/Wikimedia/CC 2.0

    He has dropped serious cash on at least one sports car: an Italian Pagani Huayra that sells for about $1.3 million.

    Source: Insider, Yahoo

    And most recently, he posted some new wheels on Instagram.

    for

    Not Zuckerberg’s car. John Prieto/The Denver Post via Getty Images via BI

    In July, Zuckerberg posted a photo of what appeared to be two refurbished vintage Ford Broncos, one baby blue and one black, with the caption “his and hers.” The price is unknown.

    He spends money more freely on real estate.

    mark zuckerberg house home palo alto 4x3

    Zillow via BI

    In May 2011, he bought a 5,000-square-foot home in Palo Alto for $7 million. He’s since tricked it out with a “custom-made artificially intelligent assistant.”

    Source: San Francisco Chronicle, CNBC

    Then he bought up nearby land.

    Meta's Mark Zuckerberg, a self-made billionaire.

    KENZO TRIBOUILLARD / Contributor / Getty via BI

    The next year, Zuckerberg began buying the properties surrounding his home, spending more than $30 million to acquire four homes with plans to level them and rebuild.

    Source: San Francisco Chronicle, CNBC

    He also used to own a townhouse in the Mission District of San Francisco.

    san francisco dolores park covid social distancing park

    San Francisco in 2020. Ahmet Karaman/Anadolu Agency/Getty Images via BI

    He bought the 5,500-square-foot home in 2013 and proceeded to make over $1 million in renovations, including adding a greenhouse and remodeling the kitchen.

    But in July 2022, he sold it in an off-market sale for $31 million, the biggest residential real estate deal in San Francisco so far this year.

    Source: Curbed San Francisco, Business Insider

    Then there’s Hawaii.

    Kauai Hawaii

    A beach in Kauai. Wolfgang Kaehler/LightRocket via Getty Images via BI

    In 2014, the billionaire’s real-estate portfolio jumped the Pacific when he spent $100 million on two properties on the island of Kaua’i: the Kahu’aina Plantation, a 357-acre former sugarcane plantation, and Pila’a Beach, a 393-acre property with a white-sand beach.

    Source: Insider, Forbes

    But there’s been backlash.

    Kauai, Hawaii

    A beach in Kauai. Jennifer McDermott/AP via BI

    In 2016, Zuckerberg angered neighbors by constructing a 6-foot wall around his property, and in 2017, Zuckerberg filed suit against Hawaiian families who had legal-ownership claims on parcels of land within his property. Though he dropped the suit, residents accused him of “neocolonialism.”

    Source: Insider

    He’s adding onto his Hawaii properties too.

    Wailua Falls in Kaua'i, Hawaii.

    Wailua Falls in Kaua’i, Hawaii. Andriy Prokopenko/Getty Images via BI

    In March 2021, he spent $53 million on nearly 600 acres of land on Kauai and in December, he purchased 110 more acres of land nearby for $17 million.

    Source: Insider

    The purchases serve as a respite for the executive.

    mark zuckerberg facebook

    Facebook via BI

    When Zuckerberg is in Hawaii, he appears to spend his time unwinding and enjoying some hobbies. He’s been photographed riding a $12,000 electric surfboard in the ocean off Kaua’i and practices shooting arrows and throwing spears on his property.

    Source: Insider, Insider

    Zuckerberg made another massive real estate purchase in 2018.

    lake tahoe

    Lake Tahoe. Gado/Getty Images via BI

    He shelled out for two lakefront properties on Lake Tahoe, which cost a combined $59 million. One of the houses, called the Brushwood Estate, spans 5,233 square feet on six acres of land. The property features a guest house and a private dock.

    Between his two Lake Tahoe properties, Zuckerberg owns about 600 feet of private shoreline on Lake Tahoe’s west shore. When Zuckerberg buys properties, he tends to buy the other homes surrounding it for privacy reasons, just as he did in Palo Alto.

    Source: Insider, SF Gate

    Zuckerberg doesn’t appear to travel much for pleasure.

    Mark Zuckerberg smiles while walking outside at 2021 Sun Valley conference

    Zuckerberg this summer. Kevin Dietsch/Getty Images via BI

    But when he traverses the globe for work, Meta foots the bill: security for Zuckerberg and his family cost the company $23 million in 2020, the company reported.

    Source: Insider

    Ultimately, opulence and luxury are just a blip on Zuckerberg’s radar.

    In fact, his main priority seems to be giving his money away, rather than spending it.

    Zuckerberg has signed onto the Giving Pledge.

    Bill Gates and Mark Zuckerberg

    Bill Gates and Mark Zuckerberg Beck Diefenbach/Reuters via BI

    He joined Bill Gates, Warren Buffett, and over 200 other millionaires and billionaires who have vowed to donate the majority of their wealth to philanthropy. He plans to sell 99% of his Facebook shares during his lifetime.

    Source: Insider

    He plans to donate significantly to his and his wife’s organization.

    Mark Zuckerberg Priscilla Chan

    Mark Zuckerberg and his wife Priscilla Chan. Peter Barreras/Invision/AP

    Zuckerberg said in September 2017 that he planned to sell 35 to 75 million shares over the following 18 months to fund the Chan Zuckerberg Initiative, totaling between $6 billion and $12 billion.

    The Chan Zuckerberg Initiative is a philanthropic organization Zuckerberg founded with his wife in 2015 focused on “personalized learning, curing disease, connecting people, and building strong communities.” CZI has awarded nearly $3 billion in grants over the years.

    Source: Insider, Insider, CZI

    CZI is invested in tackling both local and global issues.

    priscilla chan

    Justin Sullivan/Getty Images via BI

    In 2020, for example, the organization poured $4.2 million into a jobs program for residents of Kaua’i and committed $1 million to help the region battle the coronavirus. CZI has also contributed millions in the last year to causes like criminal justice reform and affordable housing.

    Source: Insider, CZI

    The pair have also donated to research.

    Mark Zuckerberg and Priscilla Chan

    Mark Zuckerberg and Priscilla Chan AP via BI

    Zuckerberg and Chan have poured billions into research focused on curing the world’s diseases by the end of the century. In order to accomplish this lofty goal, CZI launched a nonprofit called Biohub to start looking into the cure for diseases, including research on genomics, infectious diseases, and implantable devices.

    Source: Insider, Insider

    Zuckerberg believes that Biohub will help speed up research to cure disease.

    Mark Zuckerberg

    Drew Angerer/Getty Images via BI

    He told The New Yorker in 2018 that “we’ll basically have been able to manage or cure all of the major things that people suffer from and die from today. Based on the data that we already see, it seems like there’s a reasonable shot.”

    Source: The New Yorker

    Zuckerberg’s day job is still keeping him busy, however.

    mark zuckerberg

    Hannah McKay-Pool/Getty Images via BI

    In the past couple of years alone, he’s testified before lawmakers, attempted to quash coronavirus misinformation on Facebook, and suspended former President Donald Trump from the platform.

    Then there were the whistleblowers.

    Facebook whistleblower Frances Haugen testifies to Senate committee

    The Facebook whistleblower Frances Haugen testified to a Senate committee. Matt McClain/Getty Images via BI

    In 2021, two former employees came forward with allegations that the company’s leadership consistently chose profits over safety.

    One of the whistleblowers, Frances Haugen, leaked a trove of internal documents, known as the Facebook Papers, that detailed internal challenges like the company’s impact on teenagers and how it’s grappled with hate speech.

    In come the ‘Metamates’

    Facebook CEO Mark Zuckerberg announcing Meta

    Facebook CEO Mark Zuckerberg announcing the Meta rebrand on Thursday. Eric Risberg/AP Photo

    In October 2021, Facebook officially changed its corporate name to Meta to reflect its new focus on the metaverse, a virtual space where users can interact digitally as avatars.

    “From now on, we’ll be metaverse first, not Facebook first,” Zuckerberg said at the time.

    Source: Insider

    A ‘cage match’ with Elon Musk?

    In his spare time, Zuckerberg might also accept a challenge to fight one of his billionaire contemporaries.

    On Tuesday, Tesla founder and Twitter CEO Elon Musk said he’d be “up for a cage match” with Zuckerberg.

    Zuckerberg, who is known to practice jiu-jitsu, responded Wednesday via Instagram story: “Send Me Location.”

    Musk proposed The Octagon in Las Vegas, where UFC tournaments are held.

    It’s unclear if Musk or Zuckerberg will be fronting their own money to put on the match.

    The Meta founder likes to share how he stays in shape, training in MMA and participating in jiu-jitsu tournaments.

    In May, Zuckerberg said that he won two medals at a jiu-jitsu tournament in Redwood City, California.

    Meanwhile, Zuckerberg’s wealth has soared.

    Mark Zuckerberg Paris. France 2019

    Getty via BI

    Back in August 2020, the launch of a new Instagram feature designed to compete with TikTok sent both the company’s share price and Zuckerberg’s net worth to new heights.

    The move caused Zuckerberg’s net worth to exceed $100 billion for the first time, making him one of 10 centi-billionaires on Earth.

    His wealth has dropped and fluctuated since then. Around February, the CEO’s worth was around $67.2 billion.

    But after the brief plunge, his net worth returned to the $100 billion threshold in June for the first time since February 2022, Forbes reported.

    Source: Bloomberg

    Tanza Loudenback, Taylor Nicole Rogers, and Liz Knueven contributed to an earlier version of this story.

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  • How Tiktok and YouTube Are Changing Music | Entrepreneur

    How Tiktok and YouTube Are Changing Music | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Music discovery and entrepreneurship are witnessing a paradigm shift — courtesy of the digital era. Platforms like YouTube and TikTok have revolutionized traditional mechanisms, providing an open stage for emerging artists to connect directly with global audiences and redefining the business landscape.

    These digital platforms are not limited to connecting artists with audiences. They’ve fostered a new ecosystem comprising music influencers, reaction channels, cover artists and dance challenge creators, all contributing significantly to music discovery. However, the digital revolution also presents challenges, with artists trying to stand out in a crowded digital space and listeners navigating the overwhelming volume of music.

    The digital wave of YouTube and TikTok

    YouTube, since its inception in 2005, has emerged as a game-changer. With over two billion logged-in users monthly, it provides a democratic space for artists worldwide, paving the way for music stars like Justin Bieber and Ed Sheeran.

    TikTok, though a more recent player, has already made its mark as a music discovery platform. Its unique algorithm prioritizes content discovery, allowing artists like Lil Nas X to gain overnight popularity with hits like “Old Town Road.” For music enthusiasts, these platforms provide an endless catalog of diverse music genres, styles and artists.

    Related: TikTok Is Reportedly in Talks to Expand Its Music-Streaming, Could Take on Spotify

    The power of podcasts

    Another significant product of the digital revolution is podcasts. They offer a unique platform for music discussion and discovery. They provide an intimate, conversational format for exploring music, the artist’s journey, genre impact and the industry’s evolving landscape. With shows like “Song Exploder,” where musicians break down their songs, podcasts offer a deep dive into music, presenting a richer experience and potentially revealing unheard artists and tracks to listeners.

    Related: How to Master the Power of Podcasts in Your Marketing Strategy

    Music entrepreneurship in the digital age

    Entrepreneurship within the music industry has expanded beyond traditional roles, courtesy of the digital age. Platforms like YouTube and TikTok have democratized music discovery, enabling artists to bypass traditional gatekeepers and reach audiences directly. Consequently, roles such as independent playlist curators, music bloggers, influencer marketers and data analysts have emerged.

    Data and analytics have become crucial, offering valuable insights into audience behavior and preferences and informing decisions on marketing strategies and tour locations. For instance, Chance the Rapper utilized these digital platforms effectively to distribute his music, connect with fans and win a Grammy, all while remaining independent.

    Future trends and predictions

    Emerging technologies and cultural shifts continue to shape the landscape of music discovery and entrepreneurship. Artificial Intelligence (AI) has already made its mark in song recommendations, and its role could expand to music creation. Companies like OpenAI’s MuseNet, which generates original songs in various styles and genres, suggest that AI could democratize music creation further.

    Virtual Reality (VR) is another trend with the potential to revolutionize the industry. It could transform live music experiences, allowing artists to perform in virtual spaces and fans to attend concerts from anywhere worldwide, opening new revenue streams and making music more accessible to a global audience.

    The role of community in music discovery is expected to grow. Trusted curators and influencers could become more important in this scenario, with platforms fostering a sense of community and offering personalized recommendations.

    Related: The Benefits of Investing in Talent: How It Impacts the Music Industry and Beyond

    On the entrepreneurship front, the ethical use of data will become increasingly critical. As data-driven decision-making becomes standard, organizations must navigate privacy concerns and ensure they collect and use data ethically.

    In conclusion, digital platforms have fundamentally reshaped music discovery and entrepreneurship, introducing new roles and making data-driven strategies vital. Anticipated future trends, such as AI and VR’s influence, an increased emphasis on community and a focus on ethical data use, further emphasize the importance of adapting to these dynamic shifts. The music industry’s future lies in embracing these changes, fostering a sense of community and leveraging technology responsibly to continue discovering tomorrow’s stars.

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    Eric Dalius

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  • What Businesses Does Mark Wahlberg Own? F45 to Wahlburgers | Entrepreneur

    What Businesses Does Mark Wahlberg Own? F45 to Wahlburgers | Entrepreneur

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    Mark Wahlberg turned 52 on June 5, and the actor celebrated with a pop-up of his clothing line, Municipal, in Boston. But before he got the business bug, Wahlberg grew up in nearby Dorchester, where he began his career in the early 1990s in music with Marky Mark and the Funky Bunch and modeling with Calvin Klein.

    The “Good Vibrations” kept coming for Wahlberg, whose breakout acting role in Boogie Nights led to other leading performances and working with Hollywood legends in movies such as The Departed.

    Now, Wahlberg is the proud owner of several businesses that span a variety of industries including fitness, food, and even clothing. Wahlberg’s latest venture is turning Las Vegas into “Hollywood 2.0,” where he is building a “state-of-the-art” studio that will create 10,000 jobs, he told Fox Business.

    “The average salary would be $100,000 more than what it is now,” Wahlberg said. The average pay for a studio technician in Nevada is currently $58,000. “We want to train people both in front of and behind the camera, create jobs, most importantly, first and foremost, for locals,” Wahlberg added.

    In his 2021 HBO Max docuseries Wahl Street, which he produced, Wahlberg said he loves business and entrepreneurship. “I think, ultimately, at the end of the day, I’ve got the bug. I’ve got the bug for business, and I’ve got people who are, like, putting in parts of their life savings, and betting their future on me and us,” he said in the doc, adding, “So I’m going to work twice as hard to make sure that I am bringing something to the table that’s beneficial to other people.”

    RELATED: Mark Wahlberg Now Wakes Up at 3:30 a.m. and Finishes His First Workout Before You Even Open Your Eyes — Here’s How He Does It

    How many businesses does Mark Wahlberg own? Keep scrolling for a look behind the businesses.

    What are Mark Wahlberg’s businesses?

    1. Closest to the Hole

    Wahlberg launched his production company, Closest to the Hole, in 2004. Since then, the company has produced or co-produced more than 15 films including the HBO series Entourage (2004–11), which was loosely based on his own life and rise to fame in Hollywood. In 2015, Entourage the movie grossed around $49 million worldwide.

    2. Unrealistic Ideas

    Wahlberg created Unrealistic Ideas, an unscripted production company focused on podcasts and documentaries, with documentary filmmaker Archie Gips and manager/producing partner Stephen Levinson in 2018. The company produced McMillon$, about a fraud scheme that plagued McDonald’s, and Wahl Street about Wahlberg’s life.

    3. Wahlburgers

    Wahlberg founded the burger restaurant Wahlburgers in 2011 with his brothers Donnie Wahlberg, known as a member of the long-time music group New Kids on the Block and CBS’s long-running drama “Blue Bloods,” and Paul Wahlburger, a chef.

    The family business was featured in the reality show “Wahlburgers” on the A&E network from 2014 until 2019. Today, the business has 50 locations and $100 million in annual revenue.

    4. Aquahydrate

    Wahlberg invested in Aquahydrate, electrolyte-enhanced water, in 2012, per Food Navigator-USA. Forbes reported in 2015 that Wahlburger invested in the brand when it was in “rough shape” in terms of cash flow and recruited other celebrity investors including Sean “Diddy” Combs to back the company. Together, Diddy and Wahlberg invested $20 million into the business.

    The brand was later acquired by Alkaline Water in 2019. Following the acquisition, the company brought in $15.9 million in net revenue for the quarter ending in December 2022.

    5. Performance Inspired

    Wahlberg founded an all-natural nutrition company called Performance Inspired in 2016 with industry veteran Tom Dowd. The products, including protein powder, can be found at major retailers like GNC. The brand reportedly generates $4 million in annual revenue.

    6. Mark Wahlberg Auto Group

    In 2018, Wahlberg opened a car dealership, Mark Wahlberg Chevrolet in Columbus, with his friend and Michigan auto dealer Jay Feldman. Since then they have opened four more dealerships across the Ohio area.

    7. F45

    Wahlberg bought a pre-IPO stake in F45 — a chain of gyms that specializes in HIIT-style workouts that aim to help you burn 750 calories in a 45-minute session — in 2019 when the business was valued at roughly $450 million, per Bloomberg. He owns a 1.73% stake in the company, Reuters reported in October. Wahlberg became the company’s chief brand officer in March 2023.

    The brand generates $170 million in revenue with 2,042 total studios across 74 countries.

    8. Municipal

    Wahlberg started his clothing line, Municipal, in 2020.

    “We wanted to create stuff that looked cool, that fit and felt great, stuff that you could wear to work, you could wear it to work out and wear out at night,” Wahlberg told Rolling Stone. “We wanted to create something that was a great value proposition to every guy and gal who’s out there working hard to be the best version of themselves, you know?”

    The brand expects to grow in the billion-dollar athleisure industry and continue to increase sales by leveraging brand awareness with high school sports and college athletes, according to Forbes. The first store is set to open in California in 2023. Although there isn’t any news on any other stores at the moment, the brand recently opened a pop-up in the Boston area.

    What is Mark Wahlberg’s net worth?

    With all of Wahlberg’s various business endeavors and his long career in the entertainment industry, it’s no surprise he is worth a heaping fortune. In 2020, Wahlberg’s reported fortune was around $58 million, garnering his spot on the 100 Top Earning Celebrities list for that year. However, more recent reports estimate his net worth to be closer to $400 million on account of his nine-figure businesses.

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    Sam Silverman

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  • Where Is Anna Delvey Now? She’s Launching Her Own Podcast | Entrepreneur

    Where Is Anna Delvey Now? She’s Launching Her Own Podcast | Entrepreneur

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    Convicted fraudster and faux-heiress Anna “Delvey” Sorokin is launching a podcast called “The Anna Delvey Show.”

    Known for posing as a German heiress to deceive New York’s elite out of money (and self-respect), Delvey was also portrayed in Netflix‘s 2022 series “Inventing Anna” by Emmy Award-winning actor Julia Garner.

    After being convicted of grand larceny and theft of services in 2019, Delvey served time and was released from prison in 2021. However, she was arrested by Immigration and Customs Enforcement shortly after for overstaying her visa. She spent time in an ICE detention center before being released on bond. Delvey is currently living in an apartment in Manhattan’s East Village with an ankle monitor as she awaits a decision from the immigration court on whether she can stay in the country.

    RELATED: Listen: ‘Dirty Money’ Podcast on Scam Artist Anna ‘Delvey’ Sorokin

    Since her release from prison, Delvey has been featured in several magazine interviews and made podcast appearances, but now she is hosting her own show produced by Audio Up and Reunion Audio.

    “On this show, I will dive into the concept of rules and talk with the people who create or break them, from art, politics, fashion, tech, finance, law and more,” Delvey said in the trailer, released on YouTube on Wednesday. “‘The Anna Delvey Show’ will share honest, unfiltered conversations that will question traditional notions of what’s right and wrong.”

    The podcast will be distributed through global podcast publisher Audio Boom, making it available on all major podcast listening platforms.

    “The Anna Delvey Show,” which has yet to drop a release date, will be recorded from her apartment and will be released weekly with guest appearances from Whitney Cummings, Julia Fox, Emily Ratajkowski, and more celebrities.

    In the trailer, Delvey notes: “I’m interested in examining how rule breaking can build you up as well as tear you down while also creating a polarizing reaction from the public.”

    Delvey is also moving into music, apparently. Per the trailer, Delvey wrote a song that will be produced by Audio Up CEO Jared Gutstadt and Reunion Audio founder Sean Glass.

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    Sam Silverman

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  • ‘That ’70s Show’ Star Convicted on Two Counts of Rape | Entrepreneur

    ‘That ’70s Show’ Star Convicted on Two Counts of Rape | Entrepreneur

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    Danny Masteron, the actor known for his roles on “That ’70s Show” and “The Ranch” was found guilty in a Los Angeles courtroom on Wednesday on two counts of rape. But the jury was deadlocked on a third count resulting in a mixed verdict.

    This was the second rape trial for Masterson, who played Steven Hyde on That 70s Show—the first trial ended in a deadlock last November, resulting in a mistrial.

    Drugging drinks

    Prosecutors accused Masterson of raping three women on separate occasions at his home in the Hollywood Hills between 2001 and 2003. Two of his accusers are members of the Church of Scientology, which Masterson also belongs to. According to court documents, the Church discourages women from reporting rapes to the police — a claim that the Church vehemently denies.

    The AP reported that Deputy District Attorney Reinhold Mueller told the courtroom that Masterson slipped drugs into the drinks of his girlfriend and two women he knew through the Church of Scientology.

    “The evidence will show that they were drugged,” Mueller said.

    Both women described harrowing experiences of becoming weak and woozy and then waking up at Masterson’s home, where he threatened one with a gun and called another “white trash” while repeatedly spitting on her.

    The trial lasted two weeks, and it took the jury a week to reach a verdict. It is seen as a victory for the #MeToo movement, which has been working to raise awareness of sexual assault and harassment.

    Masterson is scheduled to be sentenced on January 24, 2023, and faces up to 30 years in prison.

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    Jonathan Small

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  • What Businesses Do the Kardashians Own? Skims, Kylie Cosmetics | Entrepreneur

    What Businesses Do the Kardashians Own? Skims, Kylie Cosmetics | Entrepreneur

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    The Kardashians have turned their 15 minutes of fame into 15 years of making massive money. And with Season 3 of “The Kardashians” now underway on Hulu, they aren’t stopping their entrepreneurial pursuits any time soon.

    The family has been on television for decades, starting with their original show “Keeping Up With the Kardashians,” which ran on E! for 20 seasons from 2007 to 2021, before jumping to Hulu and renaming the show, “The Kardashians” in 2022 — in a deal worth just under $100 million, per Time. There were also a few spinoffs, such as 2009’s “Kourtney and Khloe Take Miami.” The duo also “took” New York in 2011.

    What people thought would be a blip in reality TV history — a quirky show about a privileged family enthralled into the spotlight after a scandal — has transformed into a lucrative enterprise of businesses for the entire family, proving to the public that they are more than TV personalities.

    Where Did the Kardashian Business Ventures Begin?

    The Kardashians began with retail stores Smooch, a kids’ clothing store that closed in 2009 after six years in business, and Dash, a women’s clothing store in California that opened in 2006, per E! News.

    Despite creating now lucrative companies like Skims, worth $3.2 billion, and Good American, which boasts $200 million in sales, there have also been some bigtime flops, such as the PerfectSkin skincare line and the Kardashian Kard prepaid debit card, both of which only lasted one year in 2010. The family also had joint business ventures, such as the Kardashian Kollection at Sears (2011 – 2015) and Kardashian Beauty (2012 – 2016).

    Having a hard time keeping up with all of the Kardashian businesses? Keep scrolling for everything to know.

    Kim Kardashian

    With a net worth of over $1 billion, Kim has dabbled in multiple businesses over the last two decades including the “Kim Kardashian: Hollywood” video game (2014 – present), which was acquired by Glu Mobile in a $2.4 billion deal in 2021, and her emojis or “Kimojis” (2015 – 2018), which reportedly made $1 million per minute in its heyday.

    In 2009, she launched the shoe subscription service ShoeDazzle with Brian Lee and Robert Shapiro, which was later bought by JustFab in 2013 with an estimated value of $30 million at the time, per Business Insider.

    Kim launched KKW Beauty, known for its signature contour sticks, in 2017 and KKW Fragrance that same year. Although KKW Beauty once had a $1 billion valuation, she closed both companies in 2021 to develop a “completely new brand” that would be one-stop shopping for her loyal customers, per People.

    Kim launched Skims, a solution-based shapewear brand, in 2019, and the company sold $2 million worth of products just minutes after it debuted. Today, Skims is valued at $3.2 billion.

    Kim’s SKKN by Kim skincare brand launched in 2022 and features an array of products, including face cream, eye cream, and a cleanser that, when purchased as a bundle, costs up to $630.

    Now, Kim is pivoting into venture capital with her latest project, private equity firm SKKY Partners, which launched in September 2022 to invest and build in hospitality, media, and luxury businesses.

    Kim is also studying to be a lawyer. After passing the baby bar in 2021, she’s awaiting the next exam, as she showed fans on Instagram in February.

    In October 2022, Kim told Entrepreneur she tries to stay calm while managing it all.

    “I stay really calm, and that is what gets me through so many situations,” she said in Entrepreneur‘s 100 Women of Influence issue. “Especially in work emergencies. They come up, and you’ve got to deal. Whether it’s supply chain or the cost of goods going up, things will always happen. You have to be prepared and move with the times.”

    Kourtney Kardashian

    Fans of “The Kardashians” know oldest sister Kourtney’s focus is on her family, but in recent years, she launched several new brands, including the wellness and lifestyle website Poosh in 2019. The company currently boasts 4.8 million followers on Instagram.

    Kourtney’s latest brainchild is Lemme, a line of gluten-free, vegan, non-GMO gummy vitamins and supplements. After introducing the brand in September, the product has sold out numerous times. The gummies are now carried on Amazon.

    Kourtney has also been involved in several collaborations, including her Boohoo x Kourtney Kardashian Barker clothing line collab and her partnership with her husband Travis Barker’s wellness brand, Barker Wellness.

    Khloe Kardashian

    Unlike her famous siblings, Khloe Kardashian keeps her energy focused on one business: Good American. In 2016, she launched the inclusive denim brand with entrepreneur Emma Grede. The brand has since expanded to swimwear and womenswear, focusing on size inclusivity and offering a range from 00 to size 24.

    By implementing stretchy fabrics that mold and fluctuate with a woman’s body, the brand brought in more than $200 million in sales last year and employs over 100 people.

    Kardashian and Grede graced Entrepreneur‘s cover in May 2023.

    Today, Good American is sold at major retailers, including Nordstrom.

    “Good American isn’t doing this just because we wanted to have a buzz-worthy moment. This is something that we genuinely believe in,” Kardashian told Entrepreneur about creating the size-inclusive brand after struggling to find clothes herself. “I never want my daughter — or anybody — to go through that experience that I went through. I want them to feel seen and represented.”

    Kylie Jenner

    When she was 18, Kylie Jenner was the first member of the Kardashian-Jenner clan to launch her makeup brand. After making headlines for using lip filler, she doubled down on the media gossip and launched Kylie Cosmetics with three “lip kits” — composed of a liquid lipstick and a lip liner. The products sold out immediately.

    The brand expanded into other makeup products, such as eyeshadow palettes, and into the skincare and baby markets with Kylie Skin and Kylie Baby. Kylie Cosmetics generated $420 million in its first 18 months in business, according to Women’s Wear Daily, and hit the $1 billion milestone in 2019, three years before previously estimated.

    That same year, the brand was valued at $1.2 billion after Kylie sold 51 percent of her business to Coty Inc. in a $600 million deal.

    Kendall Jenner

    While her siblings have the beauty and fashion retail markets locked down, Kendall Jenner took a different route to entrepreneurship. Kendall started as a model in 2011 and graced magazine covers and runways until she earned the title of “world’s highest-paid supermodel” in 2018, with $22.5 million in earnings that year.

    In 2021, Kendall launched 818 Tequila, a hand-crafted tequila brand produced at a family-owned-and-operated distillery in Jalisco, Mexico.

    In its first year, 818 became the best-selling new spirit brand of 2021 in the United States and has continued to expand its product line since, per PR Newswire. After only seven months in business, the brand shipped 136,000 cases, or 1.5 million bottles.

    Before founding 818, she also created the Kendall Jenner Teeth Whitening Pen with the oral hygiene brand Moon in 2019.

    Rob Kardashian

    Rob Kardashian may stay out of the limelight today, but that hasn’t stopped him from pursuing entrepreneurship.

    He launched his sock line, Arthur George, in 2012, and the brand is still active today with 376K Instagram followers. However, he reportedly sold 50 percent of the business to his mom Kris Jenner in 2018 to keep afloat after allegedly falling into $300,000 worth of debt. Despite the setback, the socks are still available on its website.

    In addition to Arthur George, Kris revealed on “The Kardashians” that she and Rob are working together to create their own natural, vegan-friendly hot sauce called Grandeza Hot Sauce.

    Kris Jenner

    Besides supporting her kids in their business endeavors, Kris Jenner has made some business deals of her own. The momager gets a 10 percent cut of every dollar her kids bring, and she is the CEO of Jenner Communications production company. She also has started her brand of non-toxic cleaning products, Safely, which is set to be released in 6,000 stores across the U.S. throughout 2023.

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    Sam Silverman

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