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The Cities With The Most Billionaires In 2020 | The Countdown | Forbes

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Out of the 2,095 members of the 2020 Forbes World’s Billionaires list, 552 live in just ten cities. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. This year 92 billionaires live in the Big Apple — as their primary residence — 8 more than a year ago.

The richest person in New York City is Bloomberg LP founder and former Mayor Michael Bloomberg, who spent nearly $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. The collective net worth of the city’s billionaires is $424 billion, down $45.7 billion from a year ago.
China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. 7 and Shanghai and Beijing staying flat at No. 6 and No. 4, respectively. Hong Kong is once again the city with the second most billionaires in the world. These four cities are home to 228 billionaires.

The Forbes World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates from March 18, 2020. Some people become richer or poorer within days of publication. We list individuals rather than multigenerational families who share fortunes, though we include wealth belonging to a billionaire’s spouse and children if that person is the founder of the fortune. In some cases we list siblings or couples together if the ownership breakdown among them isn’t clear, but here an estimated net worth of $1 billion per person is needed to make the cut. We value a variety of assets, including private companies, real estate, art and more. We don’t pretend to know each billionaire’s private balance sheet (though some provide it). When documentation isn’t supplied or available, we discount fortunes. For daily updates of net worths, go to www.forbes.com/real-time-billionaires.

Read the full profile on Forbes: https://www.forbes.com/sites/giacomotognini/2020/04/07/worlds-richest-cities-the-top-10-cities-where-most-billionaires-call-home-2020/#7e3342873101

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Entrepreneur Christine Souffrant Ntim On Her No Excuses Approach To Her Work | Unfiltered | Forbes

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This week on Unfiltered, we spoke with Vendedy Founder Christine Souffrant Ntim about how she structures her days to most efficient, why young people should grow up to be themselves, and about her no excuses approach to her work.

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The Most Valuable Sports Teams 2011-2020 | Forbes

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Fans are stuck at home, seasons are at risk, and revenue is plummeting. Things might seem terrible for professional sports, but amazingly most of the world’s top franchises are worth more this year than last.

A decade ago, U.K. soccer club Manchester United was the most valuable team on earth in 2010 at $1.83 billion. That honor now belongs to the Dallas Cowboys, who top the Forbes ranking of the 50 Most Valuable Sports Teams for the fifth straight year, at $5.5 billion, edging out the $5 billion New York Yankees. For Cowboys owner Jerry Jones and New York’s Steinbrenner family, it may as well be paper profit. Only one team in the top 35—MLB’s Los Angeles Dodgers, in 2012—has changed hands in the past decade, which explains how the Mets, No. 41 at $2.4 billion, became one of the hottest tickets in sports.

“There is no lack of multi-billionaires that want to get into the sports business right now,” says Sal Galatioto, whose namesake investment firm has handled team transactions for the Chicago Cubs, the Golden State Warriors, the Philadelphia 76ers and other marquee sports properties. “People will pay a premium. They buy these teams not just on the numbers, but on the brand value.”

That value is dominated by the NFL, even after a ten-year run by the NBA lifted its average team value nearly sixfold, more than any other U.S. sports league. Football claims 27 spots on the ranking, a reflection not only of its massive stadium draws but also its TV appeal. Of the 100 top broadcasts in 2019, 88 were sporting events and 73 were NFL games. The NFL’s current U.S. TV rights are worth $6.5 billion on average per year, a number expected to nearly double in a new deal currently being hashed out, according to sports media consultant Lee Berke of LHB Sports. To help afford it, Fox even backed out of a 12-year deal to broadcast golf’s U.S. Open, with the savings expected to help bankroll a potential $2 billion-a-year NFL deal.

Read the full profile on Forbes: https://www.forbes.com/sites/kurtbadenhausen/2020/07/31/the-worlds-most-valuable-sports-teams-2020/#b77b4f3c7498

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How Fine Art Is Closing Deals On Multi-Million Dollar Homes | Forbes

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The luxury real estate game continues to evolve. It’s about more than just the house itself – it’s about selling a perceived lifestyle. To help buyers imagine themselves draped in heightened taste, realtors are turning to staging collections of fine art and sculptures, which has created a niche business opportunity for those closely connected to the art world.

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