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02.15.

Who Wants to Own a $600 Million Hawaiian Island?

Who is the seller?

Lanai is owned by self made Ohio-born billionaire David Murdock who has a net worth of $3.3 billion. Murdock dropped out of high school after 9th grade and made his first fortune in commercial real estate mainly in Arizona and Los Angeles. In 1985 he used his resources to acquire the Hawaiian company Castle & Cooke, which owned the Dole Food Company. Castle & Cooke was on the verge of bankruptcy after years of neglect and mismanagement, but it still owned an impressive portfolio of real estate across the world, including several amazing tropical islands. One of those locations was Lanai island, which was purchased in 1922 by James Dole, the president of what would later become the Dole Food Company. Dole turned Lanai into a major pineapple plantation and distribution point for his company. In 2000, Murdock paid $700 million so he could privately own Lanai island separate from Castle & Cooke. Today, Lanai only attracts around 25,000 tourists a year and actually costs $30 million a year to maintain.

Who are the buyers?

If you want to own Lanai island, you will likely have to compete with two of the richest men in the world; Bill Gates and Larry Ellison. Bill Gates, who has a net worth of $62 billion, married his wife Melinda on the island in 1994. Larry Ellison, who has a net worth of $36 billion, already owns a house on Lanai. Both men are extremely competitive. Larry reportedly hates Bill Gates with a passion and will stop at nothing to acquire the island over his rival. So it should be interesting to see what plays out with Lanai. If you could take a tropical vacation anywhere in the world, where would you go? You could always check out the Thomas Crown Affair Island House in Martinique. Might be slightly more affordable than a $600 million private island that costs $30 million a year to own!

cash, celebrity, expensive

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01.31.

Ecstasy Dealer’s Astonishing Monthly Profits Revealed

a typical street level ecstasy dealer can earn yearly profits of $480,000, a transporter takes home $2.4 million and a middle man makes $4.2 million A YEAR! Obviously if anyone involved in this ecstasy supply chain is caught, he or she risks a very long jail sentance. Not to mention that dealing drugs is can also be extremely dangerous, resulting in bodily harm or even death from rival dealers. So, now that you know the potential rewards, do you think dealing drugs is worth the risk?

autos, cash, drugs, expensive

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01.26.

$4.8 Billion Yacht? Seriously?

What is the most expensive yacht in the world? You might want to sit down before you read the next sentence. The most expensive yacht in the world is the $4.8 billion, gold plated, History Supreme that was built for a one very wealthy and very anonymous Malaysian multi-multi-billionaire. The History Supreme is a 100 foot yacht that is adorned with 100 thousand kilograms (220,000 pounds) of solid gold and platinum. It also features some of the rarest and most un-obtainable decorations found in the universe. The History Supreme was built by UK based Start Hughes and Company and took over three years to complete.

In case you were wondering, $4.8 billion is 5 times more expensive than the #2 most expensive Yacht in the world, the $800 million Eclipse which is owned by Russian billionaire Roman Abramovich. For $4 billion less, the Eclipse is 557 feet (457 feet longer than the History Supreme) and features an anti-missile defense system, helicopter (plus landing pad) and an anti-paparazzi laser shield that scans and blocks nearby prying camera lenses. So what does the the extra $4 billion buy? Every single rail, deck, staircase, dining table and the anchor on the History Supreme is wrapped in solid gold or platinum. The entire base of the boat is wrapped in a thin layer of solid gold. The master bedroom is decorated with rocks from a meteorite, a 68 kilogram 24-carat gold aquarium and an actual bone from a Tyrannosaurus Rex! Also on board you may find your self drinking out a liquor bottle that features an extremely rare 18.5 carat diamond worth $45 million on its own.

Some speculate the the owner of the most expensive yacht in the world is Malaysian billionaire Robert Kuok who has a net worth of $14.5 billion. Kuok is the richest person in Southeast Asia and made his fortune from a wide range of businesses including sugarcane plantations and hotels. He is nicknamed the “Sugar King of Asia” but if he really is the owner of the History Supreme, perhaps his nickname should be the “Yachting King of the World”

cash, expensive, gold, wasted money, yachts

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01.24.

Barack Obama Will Make An Astonishing Fortune Off Second Term

When Barack Obama first entered the White House, his net worth was $1.3 million. Four years later that net worth has grown to 800% to $11.8 million! How did this growth happen? Two words:BOOK SALES. Prior to becoming POTUS, Barack Obama earned roughly $60,000 per year as an Illinois state senator and $174,000 per year when he eventually became a United States Senator. Interestingly, back then Barack was not the big bread winner in the family, Michelle was. In her position as the Vice President of Community Affairs for the University of Chicago Hospitals, Michelle Obama was earning nearly $320,000 a year in salary before her husband became the most powerful man in the world.

Barack’s wallet began to expand after his much praised keynote speech at the 2004 Democratic National Convention that marked his explosion onto the national conscience. As Obama’s profile rose, so did sales of his 1995 book “Dreams from My Father: A Story of Race and Inheritance”. In 2005, the Obama’s income grew from around $200,000 to a combined $1.7 million! In 2006 the Obamas reported income of $916,000. Barack’s second book “Audacity of Hope”, released in October 2006, was a massive hit, selling millions of copies and rocketing the Obama’s income to $4.2 million in 2007! Their income continued to swell in the following years thanks to Barack’s 2008 successful campaign and election.

cash, celebrity, expensive, wasted money

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