Inside Kanye’s Billion-Dollar Yeezy Empire, Why Sex Offender Jeffrey Epstein Is Not A Billionaire, and Bitcoin Devours More Electricity Than Switzerland

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Topline: We check out Kanye West’s billion-dollar Yeezy empire; Bitcoin now consumes extra electrical energy to function than the nation of Switzerland; we decide aside the parable that intercourse offender Jeffrey Epstein is a billionaire.

Asia’s Former Richest Man Pursues Debt-Fueled Quest To Take On Tesla

Actual property mogul Hui Ka Yan’s fortune has already risen six-fold in 5 years—to over $30 billion. Now he has a debt-fueled plan to construct the Tesla of China. 

World’s Wealthiest Get Poorer As China Leads $2 Trillion World Wealth Write Off: Report

Different Chinese language entrepreneurs are counting the price of President Donald Trump’s commerce battle with China and inventory market turmoil. The world’s richest have seen their belongings fall by three% this 12 months with the largest falls in China, in response to Capgemini. 

Bitcoin Devours Extra Electrical energy Than Switzerland

Bitcoin sucks up extra electrical energy yearly than the nations of Switzerland, Greece or Eire. 

Beijing Begins Imagining A WeChat China Cryptocurrency

Fb’s plan to create a cryptocurrency could encourage different social networks to construct their very own cryptos, together with China’s WeChat. 

Why Intercourse Offender Jeffrey Epstein Is Not A Billionaire

Jeffrey Epstein, the rich Manhattan money-manager charged with intercourse trafficking and conspiracy, is many issues. However he’s not a billionaire.

Endangered Sea Lions Devastated By New Zealand’s Squid Business

Business squid fishing is devastating an endangered sea-lion inhabitants in New Zealand. 

Deutsche Financial institution Layoffs Hit New York Workplace

As Deutsche Financial institution scales again its plan to turn into a world monetary drive, it’s going to remove 18,000 jobs, and people layoffs began to hit its New York places of work yesterday. 

Ocado Takes $137 Million Hit From Warehouse Blaze Sparked By Robotic

On-line grocery store Ocado was hit with a $137 million invoice after a defective robotic sparked a fireplace that burnt down its flagship warehouse in England. 

Inside Kanye’s Billion-Greenback Yeezy Empire

Kanye West has one of many greatest hits of the last decade—and it has nothing to do with music. His Yeezy sneaker empire is the very best wager in a era to topple Air Jordan. Generally it pays to be a management freak.

Now Hear This

Hollywood star Eva Longoria discusses balancing onscreen success along with her political activism and enterprise ventures with Editor-in-Chief Steve Forbes on the “What’s Forward” podcast. Tune in on Apple Podcasts, Spotify and Google Podcasts.

What To Watch

Retired F1 driver Nico Rosberg just lately took Forbes Europe Editor Alex Wooden for a drive by way of Bratislava, Slovakia in a hybrid BMW i8 Roadster the place they mentioned his post-racing life and profession as an investor and entrepreneur.

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