L Brands’ Les Wexner Claims Jeffrey Epstein Embezzled Over $46 Million

L Brands’ chief executive officer Leslie Wexner has opened up about the cause of his fallout with convicted sex offender, Jeffrey Epstein: embezzlement. In a letter to the members of his Wexner Foundation on Wednesday obtained by CNBC, Wexner explained that Epstein misappropriated over $ 46 million from him and his family. “I am embarrassed that, like so many others, I was deceived by Mr. Epstein,” Wexner wrote. “I know now that my trust in him was grossly misplaced and I deeply regret having ever crossed his path.” Wexner went on to explain that he discovered Epstein had been misappropriating funds after the two ended their professional relationship and friendship in 2007. He wrote that he was able to recover some of the embezzled funds through a $ 46 million contribution that Epstein made to Wexner’s YLK Charitable Fund the following year. “As the story has unfolded further, and the extent of the pain caused by Mr. Epstein continues to grow, I have spent time reflecting and searching for answers as to how this could have happened,” he continued. “My heart goes out to each person who has suffered unthinkable pain and I pray for their healing.” Wexner has been under fire for his former links to

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Zillow-Loving Chinese Billionaire Buys $75 Million Bel Air Megamansion

According to the Wall Street Journal, an enormous estate in the Bel Air foothills has sold for a breathtaking $ 75 million — and the mega-bucks buyer hails from Mainland China. And indeed, although the grant deed is not yet officially filed, it’s widely known in Platinum Triangle real estate circles that the all-cash buyer is […]

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Podcaster Wondery Banks $10 Million, Taps NatGeo Vet Declan Moore for International Push

Wondery, the three-year-old podcast publisher headed by former Fox International Channels chief Hernan Lopez, this week announced the closing of $ 10 million in Series B financing. With the funding, the company plans to expand internationally and has hired Declan Moore, most recently CEO of National Geographic Partners, the joint venture between National Geographic Society and […]

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From Redesigning Her Engagement Ring to a $3 Million Remodel: How Meghan Markle’s Singular Tastes Continue to Revolutionize Royal Life

Meghan Markle, Duchess of SussexFrom the second that Prince Harry and Meghan Markle went public with their love story in 2016, there hasn’t been a single facet of royal life that the American hasn’t modernized in some…

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Ralph Lauren’s Pay: $22.2 Million

The pay is good at the top of Ralph Lauren Corp.
Ralph Lauren, who is executive chairman and chief creative officer, saw total compensation of $ 22.2 million last fiscal year, according to a filing with the Securities and Exchange Commission late Friday. That marked a modest decline from $ 22.6 million a year earlier.
Lauren’s take included a salary of $ 1.8 million and incentive pay of $ 9.2 million. But the biggest portion of his compensation came in the form of stock awards pegged at $ 11 million, although he might not receive the full value given share-price fluctuations.
The company’s president and chief executive officer, Patrice Louvet, received compensation of $ 13.9 million, including a salary of $ 1.3 million, $ 5.2 million in incentive pay and $ 7.3 million in stock awards.
That actually marked a steep decline for the ceo, who logged pay of $ 23.8 million the year before, his first with the company.

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Stein Mart’s Jay Stein Hangs $29.5 Million Price Tag on Beverly Hills Modern

Less than three years after their $ 22.5 million splurge on an ultra-slick Beverly Hills mansion, businessman Jay Stein and his longtime wife Deanie have officially flipped out, re-listing the rakishly attractive spread with a $ 29.5 million ask. Though it does not appear the avid midcentury photograph collectors have made any significant alterations to the .77-acre […]

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Steam Now Has One Billion Accounts (And 90 Million Active Users)

Valve’s digital PC games storefront Steam got its billionth registered user on Sunday, but the actual userbase of the store is more indicated by its monthly active users statistic, as pointed out by PCGamesN. User number one billion is ‘amusedsilentdragonfly,’ according to Steam ID Finder. With the world population at more than 7 billion, it […]

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American Eagle Outfitters’ Jay Schottenstein’s Salary Tops $10.2 Million

The numbers are out. American Eagle Outfitters’ record growth year includes an increased paycheck for its top executives.
The figures, which were released Wednesday afternoon in a regulatory filing with the U.S. Securities and Exchange Commission, show that chief executive officer and executive chairman Jay Schottenstein’s salary jumped more than 57 percent to approximately $ 10.2 million in 2018. The executive’s base pay was $ 1.5 million, but he received another $ 5.4 million in stock options and awards and $ 3.15 million in non-equity incentive plan compensation.
While the wages may seem high, it’s just a fraction of Walmart president and ceo Doug McMillon’s salary, which was $ 23.6 million the same year. Also on Wednesday, Lululemon released its executive compensation summary, with ceo Calvin McDonald making roughly $ 17 million a year. That’s more than four times the amount of former ceo Laurent Potdevin.

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Man Steals $122 Million from Google and Facebook By Just Asking Them for Money

A man has pleaded guilty to stealing a combined $ 122 million from Google and Facebook between 2013 and 2015.

Evaldas Rimasauskas of Lithuania managed to steal $ 99m from Facebook and $ 23m from Google by way of a simple plan: he sent invoices to the tech giants for items they hadn’t ordered. Astonishingly, both companies paid up.

A story at Boing Boing explains that the invoices were sent alongside a variety of forged paperwork, including contracts and falsely signed letters, to maintain an air of legitimacy. Rimasauskas even mocked up emails that appeared to come from corporate executives to support his demands for payment.

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Kohl’s Ceo Pay Tops $12 Million

KOHL’S COMP: Kohl’s Corp. might be known for its value-minded pricing, but it pays up in the c-suite.
Chief executive officer Michelle Gass drew total compensation of $ 12.3 million last year, down slightly from $ 12.6 million in 2017, according to a filing Friday with the Securities and Exchange Commission. Over $ 7.2 million of Gass’ take for 2018 came in the form of stock awards, the full value of which might never be realized, but she also received a salary of $ 1.4 million and incentive pay of $ 3.5 million.
President Sona Chawla received compensation of $ 7 million while chief merchandising officer Doug Howe’s pay totaled $ 8.7 million.
Former chairman, president and ceo Kevin Mansell received compensation of $ 8.9 million despite retiring May.

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Epic Breaks Down The ‘Fortnite’ World Cup $100 Million Prize Pool

Epic Games will be doling out $ 1 million each week to top “Fortnite” players during the 10 week-long Online Open qualifiers, the company announced in a blog post, offering a full breakdown of the studio’s plans for the enormous $ 100 million competitive prize pool. The online qualifiers run from April 13 until June 16. Epic […]

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‘Apex Legends’ Reaches 25 Million Players, 2 Million Concurrent at Peak

“Apex Legends” has reached 25 million players since its launch last Monday, and over 2 million concurrent players at its peak over the weekend, Respawn Entertainment’s Vince Zampella announced on the official EA blog. The free-to-play game had reached one million concurrent players, and 10 million players over its initial 72 hours after launch last […]

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Jessica Simpson, Khloe Kardashian, Rihanna and More: Stars-Turned-Fashion Moguls’ Million Dollar Empires

Rihanna Talk about using your star power!
Jessica Simpson, Khloe Kardashian and Rihanna are just a few of the celebrities who have launched major fashion empires since becoming…

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‘Apex Legends’ Surpasses 10 Million Players, 1 Million Concurrent in 72 Hours

“Apex Legends” reached one million concurrent players, and 10 million players over a period of 72 hours, Respawn Entertainment’s Vince Zampella announced on Thursday. “This has been a truly incredible journey,” writes Zampella. “We tested and tweaked. We argued and agreed. We got to a point where we felt some magic. We knew it would […]

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Ning Hao’s ‘Crazy Alien’ Passes $100 Million on Second Day of Release in China

Popular Chinese director Ning Hao has seen his comedy fantasy film “Crazy Alien” gross more than $ 100 million at the mainland China box office after just two days on release during the Chinese New Year holiday period. It’s the highest two-day total for any film in the Middle Kingdom so far this year. The milestone […]

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Tubi Plans to Spend Over $100 Million Licensing Content in 2019 for Free Streaming Service

Tubi says viewing on its free, ad-supported video-on-demand service is surging — and it’s planning to spend more than $ 100 million this year licensing library TV shows and movies to keep the flywheel spinning. In 2018, Tubi claims its ad revenue grew more than 180%, with fourth-quarter 2018 advertising revenue larger than all of 2017 […]

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Sundance: Amazon Closes $13 Million Deal for Mindy Kaling’s ‘Late Night’

Amazon has closed a $ 13 million deal for “Late Night,” a buzzy comedy about diversity in a late night talk show writers room that is written by, produced, and stars Mindy Kaling. It is the first major sale out of the Sundance Film Festival. “Late Night” co-stars Emma Thompson as a prickly comic who grudgingly […]

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Leslie Moonves to Pursue Arbitration for His $120 Million Severance From CBS

Former CBS Corp. chairman-CEO Leslie Moonves will pursue an arbitration claim to fight CBS for the $ 120 million severance that he was denied last month when the company’s board of directors determined he was fired for cause. Moonves was ousted in September after multiple women came forward with allegations of sexual misconduct against the longtime […]

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‘Pokemon Go’ Developer Secures $245 Million in Series C Funding

Niantic, the developer behind “Pokemon Go,” finished its Series C financing with $ 245 million on Wednesday, according to a press release. The latest round of funding brings Niantic’s valuation to nearly $ 4 billion. The Series C funding was led by IVP, and additional investments came from aXiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV, and Samsung […]

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Awesome Games Done Quick 2019 Raised $2.39 Million for Prevent Cancer

Charity fundraising organization Games Done Quick raised over $ 2 million dollars for the Prevent Cancer Foundation in an event that concluded on Sunday, according to a press release. Games Done Quick (GDQ) raises money through speedrunning, which is when players complete video games within seemingly impossible time constraints in an attempt to break records.  Many […]

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Selfridges Notches More Than 4 Million Pounds in Early Hours of Boxing Day Sale

LONDON — Footfall may have been down on Boxing Day, which marks the start of the winter sales in Britain, but for Selfridges, the pickings were rich.
The store, known for its bright yellow branding, said following a strong pre-Christmas trading period, it took in more than 4 million pounds in the first hours of the Boxing Day sale, which began Tuesday night online and Wednesday morning in-store.
Selfridges said it has already seen a 6 percent uplift on last year, and added that Boxing Day 2018 is on track to remain the retailer’s biggest trading day of the year. Selfridges doesn’t close until 9 p.m. local time, so final numbers are still unavailable.
The company said shoppers began arriving outside the Oxford Street store at 2:30 a.m. on Boxing Day, the day after Christmas, when estate owners and employers in Britain traditionally gave gifts to their employees. The store said it expected to see around 120,000 customers between 9 a.m. and 9 p.m. on Wednesday.
Selfridges.com has seen the highest number of site visits to date, with 1.5 million customers visiting the site since Tuesday night, with “high double-digit growth” online compared with last year, it said.
So far the highest-performing departments have been women’s

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Esports Legends Launch Popdog with $9 Million Funding Round

Evil Geniuses CEO Alexander Garfield is heading a new eSports technology and services company which will develop products aimed at optimizing live streaming for tournaments, talent, and publishers, it was announced today. The company is called Popdog, and will be starting things out with a $ 9 million Series A funding round led by Makers Fund […]

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Super Smash Bros. Ultimate Sold Over 3 Million Units in 11 Days

Super Smash Bros. Ultimate has, in the U.S., sold over 3 million units since it launched on December 7 and the Nintendo Switch has officially become the fastest-selling console of this current generation through 21 months.

According to Nintendo’s internal sales data and The NPD Group, these milestones point to the continued success of the Nintendo Switch in the U.S., which now has over 8.7 million units sold since its launch in March of 2017.

Through November of this year, Nintendo has also been the overall top-selling software publisher in the U.S., an accomplishment that doesn’t even take into consideration Super Smash Bros. Ultimate.

While Super Smash Bros. Ultimate was already crowned the best pre-selling Smash Bros. and Nintendo Switch title, it has now become the fastest-selling Nintendo Switch and Smash Bros. game of all time.

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Harry Winston Splashes Record $50.4 Million on Pink Diamond

THINK PINK: Five minutes of spirited bidding. That’s all it took for the newly named Winston Pink Legacy to go under the hammer for 50.4 million Swiss francs, or $ 50 million, on Tuesday at the Christie’s Geneva Magnificent Jewels sale, setting a world record for the price paid per carat for a pink diamond at auction.
Harry Winston was behind the winning bid. The stone will enter the brand’s legacy collection, which began with the acquisition of the 101-carat, D flawless, Winston Legacy diamond at Christie’s in 2013, Swatch Group chairwoman and Harry Winston chief executive officer Nayla Hayek said in a statement.
The Winston Pink Legacy, a fancy vivid pink rectangular-cut diamond of 18.96 carats representing the most expensive pink diamond ever sold at Christie’s, hailed from the collection of former De Beers owner, the Oppenheimer family.
More than 30,000 people visited the auction house’s sale previews in London, Hong Kong and New York to get a glimpse of the stone. “This exceptional diamond captured the imagination of international collectors across the globe,” said Rahul Kadakia, Christie’s International head of jewelry.
Also commenting on the sale, Eddie LeVian, ceo of jeweler Le Vian, a specialist in chocolate diamonds sourced from the same soon-to-close

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After Months of Struggle, NBC’s $69 Million Bet on Megyn Kelly Flames Out

An outcry over remarks Ms. Kelly made on the air about blackface Halloween costumes on Tuesday proved the last straw in the anchor’s rocky stint on the ‘Today’ show. NBC canceled her show Friday. Negotiations “about next steps” continue, her lawyer said.
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China’s Fan Bingbing Breaks Silence After Being Fined $70 Million for Tax Evasion

Fan Bingbing, one of China’s most popular actresses, has not been seen since in months — but she has broken her silence to address her massive tax evasion fines.

Fan was fined by Chinese tax authorities, Xinhua first reported. According to Bloomberg, Fan and her companies were fined 884 million yuan, which is equivalent to $ 129 million. Fan is responsible for $ 70 million of the fines.

Fan will not be charged if she pays back the money within a time limit, The Hollywood Reporter said that Xinhua reported. A person from her company, however, is reportedly in custody.

Fan made a statement about her situation on Weibo. She started, according to The Hollywood Reporter, “Recently I have been enduring an unprecedented amount of pain, undergoing deep self-reflection and introspection. I am deeply ashamed and feel guilty for what I have done, and I offer my sincere apologies to everyone.”

RELATED: Shakira Pays Nearly $ 25 Million in Back Taxes to Spanish Government: Report

The X-Men actress said, “I have come to realize that, as a public figure, I should have observed the law, setting a good example for society and the entertainment industry. I shouldn’t have lost the ability to control myself in the face of economic interests, allowing myself to break the law.”

Fan noted that she committed tax evasion “by taking advantage of ‘yin yang contracts’” and that she accepted the fines.

She continued, “As an actor, I take pride in showcasing our country’s culture on the global stage, and I do my best to be in the forefront of this. I owe my success to the support of my country and the people. Without the great policies of the Party and the state, without the love of the people, there would have been no Fan Bingbing.”

RELATED VIDEO: ‘RHOP’s’ Karen Huger Talks Husband Ray Owing Millions in Taxes: ‘Bad Things Happen to Good People’

“I failed my country which nurtured me; I failed the society which trusted me; I failed the fans who loved me,” she wrote. “I offer my sincere apology here once again! I beg for everyone’s forgiveness!”

One of the last times Fan was seen in public was at May’s Cannes Film Festival to promote the female spy thriller 355, which costars Jessica ChastainPenelope CruzLupita Nyong’o and Marion Cotillard.

RELATED: Cardi B Rants About What Uncle Sam Is Doing with Her Tax Money: ‘I Want Receipts’

Fan’s disappearance from public life made the news when state-run Chinese paper Securities Daily wrote that she was “under control” and “would accept the legal decision.” The story was then pulled by the outlet.

One rumor, that Fan was seeking asylum in Los Angeles, spread after Hong Kong’s The Apple Daily said that Jackie Chan had advised her to go to an immigration office. Chan’s company labeled the allegation “nonsense,” according to The Hollywood Reporter.


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Pinewood’s Shepperton Studios Submits Plans for $640 Million Expansion

Britain’s iconic Shepperton Studios has submitted planning application for its proposed £500 million ($ 640 million) redevelopment and expansion, the studio announced Tuesday. The plans seek to increase Shepperton’s stage space by around 465,000 square feet and add additional support facilities, bringing the studio in line with the scale and standard of sister facility Pinewood Studios. […]

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Nintendo Closing In On 20 Million Switch Sales

Nintendo sold nearly 20 million Switch units since the console’s launch in March 2017, according to an earnings report the company released on Tuesday. Nintendo said it sold 19.67 million of its flagship console as of June 30. We don’t know how well the Switch did in July, so it’s possible the hybrid handheld/home console […]

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AMC Networks Reaches Deal to Buy RLJ Entertainment for $65 Million

AMC Networks has reached a definitive agreement to purchase RLJ Entertainment, Robert L. Johnson’s over-the-top video company, paying $ 65 million for shares the cable programmer didn’t already own. AMC had previously announced plans to acquire RLJ Entertainment in February 2018. RLJ operates two internet video subscription services: Acorn TV, which features British television and film […]

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Monster Hunter World Passes 8 Million Copies Sold Before PC Launch

Monster Hunter World’s sales have surpassed 8 million units on PlayStation 4 and Xbox One.

Capcom has announced that Monster Hunter World’s physical shipments and digital sales have hit 8.3 million units as of the last fiscal quarter, which saw the company’s net sales increase by 46.5% year-over-year.

“In this business, the phenomenal success of Monster Hunter: World (for PlayStation 4 and Xbox One) from the previous fiscal year continued, with the title gaining further popularity through the expansion of its user base. In scoring a worldwide smash hit, the series solidified its position as an international brand and strengthened our base of IP,” Capcom said.

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Lakers News: LeBron James Reacts To Kevin Love Signing 4-Year, $120 Million Contract Extension With Cavs

When LeBron James returned to the Cleveland Cavaliers for the 2014-15 NBA season, he joined formed big three with Kyrie Irving and Kevin Love. Despite winning the 2016 NBA Finals against the Golden State Warriors, Irving was traded to the Boston Celtics in 2017, and James recently signed with the Los Angeles Lakers. Although there were reports of the Cavaliers potentially trading Love after James’ decision, they surprisingly signed him to a four-year, $ 120 million contract extension heading into the 2018-19 NBA season. After the official announcement, James congratulated his former teammate on Twitter: During their four seasons together in Cleveland, Love was often the scapegoat when the team

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Hollow Knight Has Sold More Than 1 Million Copies on PC

Hollow Knight has apparently been quite the success for developer Team Cherry. Speaking with Kotaku, co-director Ari Gibson revealed the Metroidvania game surpassed 1 million sales on PC after launching just over a year ago.

“Hollow Knight’s success has in large part been driven by

many fans on PC, with the game having now sold over 1 million copies for Windows, Mac,

Linux (crossing that mark just

day before the Nintendo Switch launch),” said Gibson, referring to Hollow Knight’s June 12 Switch release.

Just last week, Team Cherry revealed that Hollow Knight had reached 250,000 sales on Switch in its first two weeks on the Nintendo system. Combined with PC, that puts the game at over 1.25 million total copies sold across both platforms.

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Hellblade Has Sold 1 Million Copies

After arriving on Xbox One in April, Hellblade: Senua’s Sacrifice has sold 1 million copies.

Developer Ninja Theory announced the new sales milestone for the game and thanked fans on Twitter. Hellblade originally released for PlayStation 4 and PC last year before making its way to Microsoft’s console.

In November, Ninja Theory noted that Hellblade hit 500,000 downloads and already turned a profit for the studio. And just this month, the independent developer was acquired by Microsoft along with PlayGround Games, Undead Labs and other teams.

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Travel Brand Away to Receive $4 Million in Performance-Based Tax Credits

Away is partnering with Empire State Development to grow its business.
Empire State Development is New York’s chief economic development agency. It encourages the growth of private businesses through loans, grants, tax credits and other forms of financial assistance.
Away’s expansion includes the relocation of its headquarters to 82 Mercer Street, a 56,000-square-foot space, from it current site at 419 Lafayette Street. The travel firm will also create 249 new jobs over the next five years across product, customer experience, creative and editorial positions. Empire State Development is encouraging Away’s expansion by providing the start-up with $ 4 million in performance-based tax credits through the Excelsior Jobs Program. Under the terms of the arrangement, Away has to create 249 jobs over an initial five-year period and then maintain the headcount in years six through 10 to receive the tax credits.
Away began operations in 2016 with just four employees. It now has more than 150 on its staff. The product line has expanded from a carry-on to include checked luggage, and more recently a duffel-like everywhere bag, garment bag, backpack, packing cubes and a Dopp kit.
The brand was started by Stephanie Korey and Jen Rubio, two former Warby Parker executives. So far the company has raised

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Hellboy Board Game Raises $1 Million in 2 Days

Hellboy: The Board Game has smashed its Kickstarter goal and raised over $ 1 million in just two days.

The Kickstarter campaign went live last week with a goal of £100,000 (around $ 140,000 USD). The campaign reached its goal just 18 minutes later, and surpassed the million dollar mark just under 48 hours later.

The current total is sitting at almost £860,000 at the time of writing, approximately $ 1,178,000, with 25 days to go. A new stretch goal was unveiled yesterday with the addition of a Ragna Rok Rasputin miniature and a new scenario, if the campaign reaches £880,000.

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Walmart’s Doug McMillon’s Pay Tops $22 Million

Doug McMillon, president and chief executive officer of Walmart Inc., saw his total compensation rise 2 percent last year to $ 22.8 million, according to a regulatory filing. Most of that came from $ 15.7 million in stock awards, the ultimate value of which is tied to the company’s share price. He also drew a salary of $ 1.3 million and received incentive pay of $ 4.7 million.
Greg Foran, ceo of Walmart U.S., saw his pay slip 4.6 percent to $ 11 million.
Marc Lore, ceo of Walmart’s U.S. e-commerce business, received total compensation of $ 10.3 million — a big drop from the $ 243.9 million he reeled in during the prior year, although most of that came from his sale of Jet.com to the retail giant.
Lore is helping lead the company’s battle with online giant Amazon.
Under new rules from the Securities and Exchange Commission, the company also reported that its median pay, excepting the ceo, was $ 19,177. That means McMillon brings in 1,118-times what the median Walmart worker does.
More from WWD:
Amazon, Wal-Mart and Apple Top List of Biggest E-commerce
Walmart Rejigs Apparel as It Battles Amazon
Amazon, Walmart Expanding Fashion Horizons
 

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Spotify Reveals 2 Million People Used Hacked Apps to Suppress Ads

Spotify has restated key usage metrics for 2017 leading up to its IPO next month, claiming it recently discovered 2 million users had been accessing the free version of the streaming-music service using unauthorized apps that blocked ads. “On March 21, 2018, we detected instances of approximately two million users as of December 31, 2017, […]

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AEG Chairman Phil Anschutz Donates $1 Million to Elton John AIDS Foundation

Phil Anschutz, chairman of the live music giant Anschutz Entertainment Group (AEG), has taken no small amount of criticism since it was revealed that his private family foundation had donated to organizations with anti-LGBT agendas. But today the Elton John AIDS Foundation announced that Anschutz has donated $ 1 million dollars to support its LGBT Fund. According to […]

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Nier: Automata Has Shipped Over 2.5 Million Units Worldwide

Just over a year after Nier: Automata’s release, Square Enix has announced that the title has now shipped over 2.5 million units, both at retail and accounting for digital sales.

The news came via the game’s official Twitter account, and indicates that around half a million copies have been shipped since September 2017, when the title hit the 2 million milestone.

After its February 2017 release in Japan, Nier: Automata hit one million units shipped by April, which turned into 1.5 million a month later, in May.

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Matt Lauer’s Firing Leaves NBC’s $500 Million Franchise in Crisis

Matt Lauer’s abrupt exit from NBC News after an accusation of inappropriate sexual behavior ends a storied tenure that made him the face of morning television, leaving the network with a huge hole to fill and its most important franchise in crisis.
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Suitsupply Raises $360 Million in Financing

Suitsupply has secured some financing to spur its expansion.
On Monday, the Amsterdam-based company said it has raised $ 360 million in capital from NPM Capital as well as a consortium of banks including ABN Amro, BNP Paribas, ING and Rabobank.
Suitsupply will use the funds to refinance its existing debt as well as for further international expansion, investments in technology and retrofitting some of its older stores.
“We are using the current competitive financing climate to optimally position the company for further growth at attractive conditions,” said chief financial officer David Dijkhuis.
Suitsupply operates a total of 91 stores around the world, including 32 in North America, a market it entered in 2011.
In the U.S., the company will open four more stores this year in Kansas City, Newport Beach and San Jose, Calif., and Bellevue, Wash. In 2018, Suitsupply will add units in Williamsburg, N.Y., Boston, St. Louis, Detroit and San Diego in the first six months.
Last month it launched a women’s chain called Suistudio with stores in Amsterdam and Shanghai as well as two in New York. The funds will also be used to expand that concept into new markets, a spokesman said.
The privately held Suitsupply was founded by Fokke de Jong who

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James Murdoch on Bill O’Reilly’s $32 Million Sex-Harassment Settlement: ‘It Was News to Me’

James Murdoch, CEO of 21st Century Fox, said he was unaware that ex-Fox News host Bill O’Reilly had reached a $ 32 million settlement with a former employee — and defended the company’s handling of the situation. Last Saturday, the New York Times reported that O’Reilly personally reached a $ 32 million settlement in January with former Fox […]

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Tidal X Concert, Starring Jay-Z and Jennifer Lopez, Raises $3.7 Million for Natural Disaster Relief

Tidal X: Brooklyn, the third annual charity concert from the Jay-Z-owned streaming platform, raised $ 3.7 million in support of those affected by recent natural disasters, including Hurricane Harvey, Hurricane Irma, Hurricane Maria and the earthquakes that took place in Mexico. Funds will be distributed among organizations including Empire State Relief and Recovery Effort for Puerto […]

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The Most Luxurious Features of the Most Luxurious House in Hollywood: Inside This $85 Million Mansion

Shiva Safai, Home Tour, Mohamed HadidLos Angeles has a lot of mansions. Los Angeles has a lot of homes that are over-the-top. But perhaps nothing is more extravagant than the 35,000-square-foot Bel Air behemoth owned by Mohammed…

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Box Office: ‘Annabelle: Creation’ Nabs $4 Million in Thursday Pre-Shows

Hollywood is pinning its hopes on a demon-possessed doll as it looks to shake off the late-summer doldrums. “Annabelle: Creation,” the latest installment in the “Conjuring” cinematic universe, opened to $ 4 million in Thursday pre-shows. Box office sages predict that the horror film will pull in roughly $ 25 million this weekend. That’s makes the film… Read more »

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Aussie Fashion Rental Site GlamCorner Raises $3.3 Million

HONG KONG — Fashion rental website GlamCorner has raised $ 3.3 million, aimed at cementing its status as the market leader in the Australian apparel-sharing economy. 
The investment of 4.2 million Australian dollars was led by AirTree Ventures, bringing the total amount of capital invested in the business to date to 5.5 million Australian dollars.
The company was founded by husband-and-wife duo Dean and Audrey Jones in 2012. The site stocks more than 3,000 designer dresses from more than 150 labels, averaging about 90 Australian dollars to 130 Australian dollars, and is equipped to offer next-day delivery across the country and three-hour delivery in Sydney.

Over the last year, the business has grown over 500 percent, transacting the retail equivalent of over 20 million Australian dollars, the company said.
“We are renting to 16-year-olds for their Year 10 formal to someone over 60 going to their daughter’s wedding. The problem [of finding an outfit] is quite universal,” Dean Jones said.
RELATED: E-commerce Start-Up Brauz Lands $ 1.8 Million >> 

“We’re going to stay Australian-focused for the time being because we have a real formula that’s working,” Jones continued, adding the firm would “scale up their inventory base significantly.” 

GlamCorner founders Dean and Audrey Jones 
Courtesy

RELATED: Down Under in the Big

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Box Office: ‘War for the Planet of the Apes’ Battles to $5 Million on Thursday

Fox’s “War for the Planet of the Apes” battled to $ 5 million at 3,251 North American locations on Thursday night. The number is 22% above “Dawn of the Planet of Apes,” which took in $ 4.1 million in previews three years ago. “War for the Planet of the Apes” is expanding on Friday to 4,022 sites, with… Read more »

Variety

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Thieves Steal $3.9 Million in Jewels From London’s Masterpiece Art Fair

HOT WEATHER HEIST: Thieves quietly swooped on London’s Masterpiece Art Fair, an annual event that takes place in Chelsea, stealing jewels worth 3 million pounds, or $ 3.9 million, from the Geneva-based jeweler Boghossian.
The ticketed fair, which showcases high-end art, antiques and jewelry, has round-the-clock security. It takes place every year at Royal Hospital Chelsea and draws up to 44,000 visitors. According to police, the thieves struck between 5 p.m. on Tuesday and 9 a.m. on Wednesday.
The fair ran from June 29 to July 5, and was open every day from 11:00 a.m. until 9:00 p.m., which meant that the robbery could have taken place while the fair was still open for business. The thieves were thought to have used distraction techniques to carry out the robbery.
The fair said it is “fully cooperating with the police,” who have been examining the CCTV camera in the space. However, no arrests have been made and there were no witnesses to the theft. Guests are checked on their way into the fair, and on the way out. All bags are opened and examined upon arrival and as people are exiting.
Masterpiece is known for drawing top collectors from across the world and hosting exhibitors across

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Walmart Bought Bonobos for $310 Million. But Will It Pay Off?

The megastore is hoping to entice the “urban millenial customer.”

Style – Esquire

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Ring Purchased At Garage Sale May Be Worth Almost Half A Million Dollars

Shopping at garage sales can be hit or miss, but one lucky customer is cashing in on a major find. 

Sotheby’s will auction off a sparkly cocktail ring a woman bought at a car boot sale in 1980s England next month with a starting bid of £250,000 (roughly $ 325,000). She had thought for decades that it was costume jewelry and wore it without a care in the world, revealed the owner, who declined to be named publicly, the auction house said this week.

The woman had purchased the piece for £10 at a garage sale at West Middlesex University Hospital in Isleworth in west London, according to Sotheby’s. She decided in recent months to have the ring appraised after a jeweler said the stone could be real. 

Sotheby’s Jewelry in London confirmed the stone’s authenticity ― a 19th century 26.27-carat, cushion-shaped white diamond. The auction house added that the stone has a color grade of I and an impressive clarity grade of VVS2. The ring could go for as much as £350,000 (about $ 450,000).

“We confirmed that it was indeed a diamond. We got it tested with the Gemological Institute of America … and that then dictated the price,” said Sotheby’s Jessica Wyndham, who heads the auction house’s jewelry department.

In the interview in the video above, Wyndham added that it was understandable the owner did not know the ring held a real diamond. 

“It was in an antique style mount, so it was quite heavy,” she said. “It is mounted in silver around the top and when silver becomes tarnished it becomes quite black. And that mixed with the cut of the stone probably would have meant that it didn’t sparkle very much, and if it was all dirty, you just wouldn’t think that was real.”

The ring will hit auction on June 7.

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Style – The Huffington Post
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A Virtually Unknown Jean-Michel Basquiat Painting Sold for a Record $110 Million

The sale came after a 10-minute bidding war.

Lifestyle – Esquire

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Basquiat Painting Sells For Record $110.5 Million At Sotheby’s Auction

A Jean-Michel Basquiat painting just sold for the highest price ever paid at auction for an American artist’s work: a whopping $ 110.5 million.

The 72-by-68-inch acrylic and oil stick “Untitled” painting of a skull by the late graffiti artist was the subject of 10 minutes of intense bidding Thursday night at a Sotheby’s auction in New York City. The opening bid of $ 57 million drew gasps from the audience, Bloomberg reported. Sotheby’s had estimated it would sell for at least $ 60 million.

It was the sixth-highest amount ever paid at auction for any work of art, putting Basquiat in the rarefied company of the celebrated Spanish artist Pablo Picasso. Only 10 works have sold for more than $ 100 million.

The successful bidder, Japanese art collector Yusaku Maezawa, an e-commerce billionaire, announced in an Instagram post showing him standing next to the work that he had “just won this masterpiece.”

“When I first encountered this painting, I was struck with so much excitement and gratitude for my love of art,” he added. “I want to share that experience with as many people as possible.”

Collectors Jerry and Emily Spiegel bought the painting for $ 19,000 in 1984, when Basquiat was virtually unknown and had never been publicly exhibited. Basquiat died of a heroin overdose in 1988 at the age of 27 after painting for seven years. He created the skull in 1982. It’s considered one of his most important works still in private hands.

Maezawa said he plans to loan the work to institutions around the world before making it one of the centerpieces of a museum he has created in his hometown of Chiba, Japan.

The businessman last year bought another 1982 Basquiat painting of a devil at a Christie’s auction for $ 57.3 million, which at the time was the most ever paid for a work by the artist.

The Basquiat was part of a Sotheby’s Contemporary Art Evening Auction of American post-war paintings that also featured works by such artists as Roy Lichtenstein, Andy Warhol and Robert Rauschenberg.

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Got $20 Million? Use It To Move Next Door To The Queen

We haven’t pined over a neighbor this badly since Mr. Rogers was on television.

London’s Buckingham Gate is a six-unit lap of luxury building which, according to its brochure, is made up of “impressive grand two and three bedroom apartments, crafted out of three 19th-century Grade II Listed townhouses.”

It’s also situated right next door to and overlooking ― you guessed it ― Buckingham Palace, Queen Elizabeth II’s famous London residence.

Its pièce de résistance is a $ 20 million-plus penthouse that spans 5,189 square feet, two floors and two buildings, boasts three bedrooms, three private terraces and was designed by “one of the most celebrated names in the world of contemporary interiors.” It is aptly referred to as the “jewel in the crown” of the project, according to House Beautiful UK.

An apartment situated on the first and second floor will run you around a cooler $ 14 million. But if you’re going to go big, you might as well pick the pad that could potentially give you a direct view at the queen rolling around the driveway in her Jaguar. At least that’s what we imagine she’s doing behind those closed gates.

And who knows? Perhaps her majesty will be coming knocking on your door in her jammies one night for a cup of milk.

Us mere mortals (with deep pockets) can dream.

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Style – The Huffington Post
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Vice in Talks With TPG on $500 Million Investment (Report)

Private-equity firm TPG Capital has joined the bidding for a 10% stake in Vice Media for $ 500 million, Sky News reported, citing anonymous sources. Such a deal would give Brooklyn-based Vice a valuation of $ 5.25 billion. Others circling an investment in the youth-skewing news and entertainment company include CVC Capital Partners, according to the Sky News report. A Vice… Read more »

Variety

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‘Fate of the Furious’ Zooming to $103.8 Million Opening Weekend

“The Fate of the Furious” is motoring to an impressive $ 103.8 million opening weekend at 4,310 North American locations, Saturday estimates showed. Universal’s tentpole sped to an opening day of $ 45.6 million on Friday — including $ 10.4 million during Thursday night preview screenings. The studio’s Easter weekend domestic launch of  “The Fate of the Furious” was the… Read more »

Variety

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‘Fate of the Furious’ Zooms to $10.4 Million at Thursday Box Office

Universal’s tentpole “The Fate of the Furious” sped to $ 10.4 million during Thursday night preview screenings in North America. The eighth installment of the franchise expands to 4,311 locations Friday — the widest opening ever for an April release. “The Fate of the Furious” is expected to take in at least $ 100 million for the Easter weekend, which… Read more »

Variety

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Looking Like a Million Bucks to Sell $1 Million Listings

If Steven Gold ranks among the most arresting and stylish of New York real estate brokers, it’s because fashion seeped into him from his modeling days, which started at age 17 with a contract with Major Models and an exclusive to walk the Louis Vuitton show.
“I was standing in front of Marc Jacobs for two weeks doing the looks for the show, and I had no clue who he was,” Gold said with a laugh, recalling the first awkward moments of what would become an illustrious career. “But I definitely think my involvement in fashion has refined (my style). When I went to Milan I did about 10 to 15 shows a season and I did six years of shows pretty regularly in Paris and Milan. For sure, they put me in a lot of ridiculous stuff that I would never wear, but there’s also a lot of things that I really liked, and I have enough of a sense to know what works on me.”
Along the way, Gold also accrued a gold-plated Rolodex of some of the most influential people in fashion including designers Riccardo Tisci and Raf Simons, photographers Mert Alas and Marcus Piggott and makeup artist Pat

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No, Melania Trump Does Not Want To Wire You $20 Million

No matter what this ridiculous email says, Melania Trump is not sitting on $ 20 million for you ― or anybody else ― in the White House.

According to the scam message that landed in inboxes like the one below last Wednesday, the first lady is just waiting for you to pay $ 180 to the West African Republic of Benin’s Federal Ministry of Finance before she’s authorized to release “your” funds:

But apart from its obvious absurdity, there are several red flags worth mentioning — such as Trump’s supposed Japan-based email address and California area code telephone number.

It also falsely suggests that Melania Trump is living in Washington, D.C., when she continues to reside at Trump Tower in New York City, and it doesn’t reveal how such a fortune came about.

Replies to the email (which divert via a Yahoo address) and a message left on the number’s voicemail (that seemed to divert to another number) are yet to yield answers as to who’s behind this “419” scam ― which involves targets being promised generous returns if they pay certain fees upfront.

A similar email recently requested $ 3 million to help a Nigerian astronaut stranded in space to get back to Earth. The reward? A healthy share of his $ 15 million salary. What could be more legit?

Tina Fey, Alec Baldwin, Tom Hanks, Tracy Morgan, Maggie Gyllenhaal, Michael Moore, Padma Lakshmi and a whole host of other stars are teaming up for Stand for Rights: A Benefit for the ACLU. Donate now and join us at 7 p.m. Eastern on Friday, March 31 on Facebook Live. #standforrights2017 

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Comedy – The Huffington Post
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Roku Got Close to $400 Million Revenue in 2016

Roku generated close to $ 400 million in revenue in 2016 — and not all of this came from hardware sales: The company’s media and licensing business, which includes ad sales on Roku channels as well as the money Roku charges channel operators to get featured on the platform, brought in more that $ 100 million in revenue… Read more »

Variety

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Box Office: Jordan Peele’s ‘Get Out’ Scores Monster $30.5 Million Opening

“Get Out,” a trenchant horror film about race relations, rode critical raves to a smashing box office debut. The low-budget film was the weekend’s top-grossing domestic release, earning $ 30.5 million, and propelling its director and writer Jordan Peele onto the Hollywood A-list. The film, which centers on a black man who discovers that his girlfriend’s… Read more »

Variety

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Box Office: Jordan Peele’s ‘Get Out’ Dominates Friday With $10.8 Million

Jordan Peele’s “Get Out” continued its strong box office opening run on Friday, earning $ 10.8 million at 2,781 locations. Its weekend total is now estimated at $ 28.5 million, and it should easily win the weekend. The same, however, can not be said for Lionsgate Premiere’s “Rock Dog” and Open Road’s “Collide.” The former made $ 888,000… Read more »

Variety

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The Grey Gardens Estate Could Be Yours for a Cool $20 Million (or Less!)

The famous East Hampton home, once owned by Kennedy relatives, is on the market for the first time in nearly 40 years.

Lifestyle – Esquire

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