Quantcast
Channel: Business Insider
Viewing all 116790 articles
Browse latest View live

Meet Stéphane Bancel, the CEO of Moderna, a company developing a coronavirus vaccine in record time that is showing early signs of success in a preliminary study

$
0
0

Stephane Bancel

SEE ALSO: The upstart biotech Moderna is hoping to have its coronavirus vaccine ready for emergency use in the fall. Here's how it plans to execute in record time.

Stéphane Bancel is the CEO of Moderna, a Massachusetts-based biotech company that is working on a coronavirus vaccine.

Source: Business Insider



On May 18, Moderna released results from the first human trials. These trials were focused on safety. While the results don't yet show if the vaccine would prevent people from being infected, the vaccine candidate did lead to antibody responses in healthy volunteers.

Source: Business Insider



While vaccines typically work by giving a patient a tiny bit of the virus they're trying to kill, Moderna's coronavirus vaccine uses just the ribonucleic acid (RNA) genetic material from the virus. The RNA gives the body the genetic information of the virus so it can create the proteins it needs to heal itself.

Source: Business Insider, Axios



The method allows for quicker and lower-cost vaccine development, according to Bancel. Moderna translated the genetic code of the novel coronavirus into a vaccine in 42 days. Comparatively, after the 2002-2003 SARS outbreak, it took 20 months to begin testing a vaccine.

Source: Business Insider



The technology is called messenger RNA, and it's still is an unproven technology. There are no FDA-approved drugs or vaccines coming from it yet, and Moderna has no approved drugs or vaccines.

Source: Business Insider



The method of using just the genetic material of a virus for a vaccine is part of Bancel's vision for Moderna, which he says can be applied to vaccines for viruses other than the coronavirus.

Source: Business Insider



In April, Forbes estimates that Bancel's net worth grew to around $1 billion after Moderna stocks jumped by 12%. This closely followed the news that they expect to start a mid-stage study of its coronavirus vaccine in a few months. Bancel owns about 9% of the company.

Source: Forbes, CNBC



Moderna was founded in 2010 to make messenger-RNA-based drugs. The company has 21 messenger-RNA-based drugs in the works, and 10 of them are in clinical trials.

Source: Chemical & Engineering News, Business Insider



Bancel joined Moderna in 2011. Before that, he was the CEO of a French diagnostics company called BioMérieux.

Source: Forbes



At BioMérieux, Bancel developed a reputation as a strict manager. An equities analyst who covered the company during Bancel's tenure told STAT, "I think if you're underperforming, you'll probably find yourself looking for another job."

Source: STAT



Bancel grew up in France. He has an MBA from Harvard Business School and two master's degrees in engineering from École Centrale Paris and the University of Minnesota.

Source: Forbes



The vaccine, which Moderna hopes to have ready for emergency use in the fall, is now being tested by healthy volunteers in clinical trials in Seattle and Atlanta. The first volunteer received a dose of the vaccine on March 16.

Source: Business Insider



Bancel told Business Insider he expects to get data about the safety of the vaccine in the spring, and he expects to get data showing how well the vaccine triggers an immune response, known as immunogenicity, in the late spring or early summer.

Source: Business Insider




Take a tour of Michael Jordan's 56,000-square-foot mansion in Chicago that's been on the market for 8 years and why he can't sell it

$
0
0

Michael Jordan house

  • Michael Jordan's enormous house in Chicago is still on the market after eight years.
  • Michael Jordan has tried to sweeten the pot by cutting the price nearly in half and throwing in a complete set of Air Jordans with the purchase of the house.
  • He's still paying more than $100,000 in annual property taxes.
  • "Any time you have these homes that are just kind of gross over-improvements for the area they do lead to very, very lengthy marketing times," said Gail Lissner of Integra Realty Resources. 
  • The house was originally listed for $29 million and has every bell and whistle you can think of. Some of the "over-improvements" Lissner may be referring to are the pool with a grass island in the middle of it, a door from the Playboy Mansion, a table based on the streets of Baghdad, and MJ-branded golf flags.
  • Below, we take a closer look at the house and why it's struggling to find a buyer. Most images are from footage provided by Concierge Auctions.

Tony Manfred contributed to this post.

SEE ALSO: How Michael Jordan, the first billionaire athlete, makes and spends his $1.9 billion fortune

DON'T MISS: Photos show the rise and fall of Nike's iconic Air Jordan sneakers — and how the shoes are making a comeback 15 years after Michael Jordan's retirement

Michael Jordan's 56,000-square-foot, 7-acre compound looks massive even from the air.



Anyone who approaches from the ground can tell right away that this estate belongs to the legendary No. 23, Michael Jordan — and that might be what's keeping it from selling. "It's clearly his home," said Bruce Bowers of Bowers Realty Group. "... There's a lot of work that would have to be done to make it your own."

Source: Business Insider



The price on the house has dropped several times and is now going for $14.9 million, or about $265 per square foot — that's a far cry from the original price of $517 per square foot. The exact price is $14,855,000, and the numbers in that price add up to 23 — Jordan's basketball jersey number.



The long drive from the gate and the full-grown trees ensure that the house has complete privacy.



Jordan had the house — and the surrounding property — built from scratch to his personal tastes.



The outdoor space proves to be spectacular. There's a tennis court ...



... an infinity pool with a grass island in the middle ...



... which lies in the center of a large patio ...



... and down on the lawn there's a putting green.



The putting green is complete with Jordan Brand flag sticks.



There's also a pond stocked with fish.



While the outdoor space is sprawling and undoubtedly impressive ...



... the inside is equally spectacular. When guests first walk in the front door, they are greeted by this view, which includes a piano in the background.



The piano room doubles as one of many sitting rooms in the house.



And here's a look at another sitting area dubbed the "great room" — this isn't the only great room around the house, though.



Jordan's luxurious taste even shows itself in details like doorways. The set of doors seen below are from the original Playboy Mansion in Chicago.



They lead to a game room with a pool table.



Of course, since this is the former home of Michael Jordan, there is a full-court basketball court. It's the centerpiece of the house.



The court has the legend's name at both ends ...



... and the Jumpman logo at center court, which includes the names of his children — his daughter's name is out of view.



While guests wait for their turn on the court, they can hang out in this sitting area.



Moving along to the dining room, guests were able to eat at this "Baghdad table."



That grid seen on the tabletop is based on the streets of Baghdad.



Detailed eating areas are somewhat of a theme. Here we can see a beautiful skylight positioned perfectly over the kitchen table.



In one of the dining areas just off the kitchen, there is a large aquarium built into the wall.



The house has nine bedrooms ...



... and 19 bathrooms.



There is also a cigar room, which has been decorated intricately with a detailed ceiling.



Even the railing in the cigar room is ornate.



The cigar room also has plenty of card tables where we're guessing Jordan played some high-stakes poker games — he is known for his love of gambling, after all.



The home also features a full gym.



Jordan's Bulls teammates used to work out there every morning, according to an interview shared by Concierge Auctions.

Source: Concierge Auctions



Another luxurious part of Jordan's estate is the expansive wine cellar.



The library upstairs was said to be MJ's favorite room. It features a drop-down movie screen.

Source: Concierge Auctions



Between the house and the patio, there's another TV room with a 110-inch screen.



This area used to be an indoor pool. Jordan renovated it after he moved in and added sliding walls to both sides that can make the gathering room either indoor or outdoor depending on the mood and the weather.



There are plenty of media rooms throughout the house. Even the seemingly random nooks like this one below have TVs.



The property also boasts a three-bedroom guest house ...



... which has its own family room and kitchen.



MJ himself lived in the main house for 19 years.



The house comes fully furnished, although some of the pieces may be a tad dated.



Despite how awesome the house seems, it's been on the market since 2012. Jordan tried to auction the house in 2013, but the minimum bid of $13 million was never met.



Jordan said, "Many of the world's most desirable items are sold at auction, and Concierge Auctions is the hands-down leader when it comes to auctioning one-of-a-kind real estate."

Source: Concierge Auctions



MJ's estate remained unsold despite attempts to get creative, including marketing to wealthy people in basketball-crazed China.

Source: Maxim



In 2015, the agent working to sell the house at the time promised that the buyer would also receive every edition of Air Jordans in his or her size — but that didn't work either.

Source: Maxim



Adam Rosenfeld, of the luxury-real-estate startup Mercer Vine, told Marketwatch in 2016 that Jordan was likely struggling to sell the house because of all of the personalized customizations.

Source: Marketwatch



Rosenfeld said the house also just isn't in an area where wealthy celebs are looking for houses. Gail Lissner of Integra Realty Resources called the area "much more modest" than what Jordan's property suggests.

Source: Marketwatch, Business Insider



There is no need to worry about the house rotting while remaining unsold, though. The house is still occupied by staff who Jordan employed to keep it looking fresh.

Source: The Real Deal



Jordan is still paying a lot in property taxes. The annual bill is more than $100,000, and he has paid nearly $700,000 in property taxes since he put it on the market in 2012.

Source: Zillow



One problem is that Jordan may feel his celebrity status adds value to the house, but, according to Stephen Shapiro of the Westside Agency, people do not pay more for a house just because somebody famous owned it.

Source: The Real Deal



"But you know who tends to think a property is worth more because a celebrity lived there?" Shapiro said. "The celebrity trying to sell it."

Source: The Real Deal



Another issue is the location. Most of the homes in this price range in this area are closer to Lake Michigan, a few miles east of Jordan's former house. "Buyers at that level in that area tend to want to be closer to the lake," Missy Jerfita of Berkshire Hathaway Homes Services told The Real Deal.

Source: The Real Deal



Since Jordan put his Chicago home on the market, he has since purchased a lakefront house in North Carolina in a golf-course community.



The house is in Cornelius, about a 30-minute drive from the Charlotte Hornets' arena — Jordan owns the NBA team. MJ purchased the house for $2.8 million after it was originally listed for $4 million.

Source: Fox Sports



Jordan also reportedly bought a house on a golf course in Jupiter, Florida, for $4.8 million in 2013 and spent $7.6 million on renovations.

Source: Jeff Realty



He also owns a condo in downtown Charlotte, in the same building as Cam Newton. The condos reportedly go for between $1.5 and $3.5 million.

Source: Charlotte Agenda



Most recently, Jordan listed his 10,000-square-foot home in Park City, Utah, for $7.5 million. Experts think it will likely sell faster than the Chicago compound.

Source: Forbes, Business Insider



He continues to wait for a buyer for the Chicago-area home. Of course, MJ is estimated to be worth $1.9 billion, so he can afford to wait for the right owner to come along on his old Chicago digs.



The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing their workforces.

$
0
0

unemployment coronavirus

This is a developing story. Check back for updates.

SEE ALSO: Uber is expected to begin another round of layoffs on Monday, cutting thousands of jobs just weeks after laying off 14% of its workforce

Weeks after ride-hailing giant Uber announced it is cutting 3,700 jobs (14% of its workforce), CEO Dara Khosrowshahi announced on May 18 that he will cut 3,000 additional jobs and close 45 offices.

Source: Business Insider, WSJ



Airbnb announced it is laying off about 25% of its workforce, or 1,900 employees, on May 5. Its severance package includes several months' pay, a year of healthcare, and support finding a new job.

Source: Business Insider



Richard Branson's Virgin Atlantic announced it would cut 3,150 jobs on May 5, in addition to retiring its iconic Boeing 747-700 planes a year early.

Source: Business Insider



In a leaked May 4 memo, United Airlines said it expects to lay off at least 30% or some 3,400 employees on its administrative staff on October 1.

Source: Business Insider, Chicago Tribune



Ride-hailing company Lyft is laying off 982 employees and furloughing another 288, accounting for 17% of the company's workforce. The company made the announcement on April 29 and added that other cost-cutting measures include pay cuts for executive leadership.

Source: Business Insider



Boeing announced that it would cut about 10% of its workforce — or about 16,000 jobs — on April 29. The cuts are expected to be through a combination of buyouts, voluntary layoffs, and involuntary layoffs.

Source: Business Insider



On April 28, online travel company TripAdvisor announced it was laying off more than 900 of its employees, amounting to a quarter of its workforce.

Source: Business Insider



Hertz said it plans to lay off 10,000 employees on April 20. The car rental company previously employed 38,000 people.

Source: Reuters



On April 12, a union representing workers at Walt Disney World said the company will be furloughing 43,000 employees starting April 19. The amusement parks have been closed since March 16 and 200 essential workers will continue maintaining them.

Source: New York Times, Vox



On April 7, Tesla sent an email to employees saying it will furlough all nonessential workers until at least May 4, and reduce all employees' pay by at least 10%. These cost-cutting measures are expected to start April 13.

Source: Business Insider, CNBC



JCPenney has already started furloughing workers and confirmed it would continue to furlough a "significant portion" of its 85,000 employees as of April 5.

Source: JCPenney, Business Insider



On April 3, Under Armour announced that it will temporarily lay off about 6,700 employees starting April 12.

Source: Baltimore Sun



The Wing, a buzzy Instagram-ready women's coworking company, is laying off nearly all of its hourly employees and half of its corporate staff as of April 3, according to Vice. The company confirmed the layoffs but did not elaborate on numbers. Its founders are foregoing their salaries.

Source: Vice



ClassPass, the billion-dollar fitness platform, furloughed or laid off over half of its 700 employees on April 2 — 22% were laid off and 31% were furloughed.

Source: CNBC



On April 2, airplane manufacturer Boeing announced that it would offer a voluntary layoff plan to employees to cut costs. Those opting into the layoff plan will leave with a pay and benefits package, but the company offered no details about compensation.

Source: Business Insider



Famed auction house Sotheby's is furloughing 200 people — or 12% of its workforce —as of April 1, according to the Wall Street Journal.

Source: Wall Street Journal



Sephora laid off over 3,000 employees across the US via conference call on March 31. "It is our sincerest hope that we are able to bring these employees back on staff in the near future," Sephora said in a statement.

Source: Business Insider



Macy's CEO Jeff Gennette informed his staff via email that the company would be furloughing most of its 125,000 employees on March 30. The company only plans to have work for "the minimum number of employees necessary to maintain basic business operations" across Macy's, Bloomingdale's, and Bluemercury, Gennette wrote. He will stop receiving his salary, along with the rest of the board of directors.

Source: Business Insider,CNN



Bird, the buzzy electric scooter company, laid off 30% of its staff via a Zoom call on March 27. The call lasted only around 2 minutes.

Source: Business Insider



Everlane, the clothing retailer focused on ethical sourcing, laid off over 200 employees and furloughed 68 others on March 27. CEO Michael Preysman will reduce his salary to zero.

Source: Vice



ZipRecruiter laid off 443 employees and furloughed dozens more on March 27, days after CEO Ian Siegel said the billion-dollar online job-hub company was safe.

Source: Business Insider



Sonder, a billion-dollar apartment-rental startup billed as a hospitality industry disruptor, laid off or furloughed 400 people — one third of its workforce — on March 24, according to The Information.

Source: The Information

 



GE announced that it will be reducing approximately 10% of its aviation unit's workforce, amounting to about 2,500 employees, on March 23. It also announced a three month furlough impacting 50% of its maintenance and repair employees. GE CEO Larry Culp will forgo his salary for the rest of the year, while GE Aviation CEO David Joyce will give up half of his salary.

Source: GE,Wall Street Journal



According to the Washington Post, at least 200 workers across President Trump's hotels in Washington DC, New York City, and Las Vegas were laid off as of March 20. Other Trump properties, like Palm Beach's Mar-a-Lago, have temporarily closed.

Source: Washington Post, Business Insider



Air Canada announced it is set to lay off more than 5,100, or 50%, of its flight crew on March 19. Renee Smith-Valade, the airline's vice president, called the decision "difficult but necessary" in a statement.

Source: CBC



Cirque du Soleil announced it is laying off 95% of its 4,679 person staff on March 19, a week after canceling all its upcoming performances. The circus producer kept 259 staffers to plan and sell tickets for future tours.

Source: Cirque du Soleil,Forbes



New York's Metropolitan Opera is the largest performing arts organization in the US by budget. On March 19, the Met laid off all of its union employees for the duration of the coronavirus outbreak. The Met also announced the cancellation of all performances through the end of the 2019-2020 season, which was set to end May 9.

Source: NPR



Famous restaurateur Danny Meyer's Union Square Hospitality Group, which owns beloved NYC staples like Gramercy Tavern, laid off 2,000 employees, or 80% of its workforce, on March 18.

Source: Business Insider



Pebblebrook Hotel Trust, which owns over 50 hotels in the US including the W in Los Angeles, laid off 50% of its 8,000 employees on March 17. CEO Jon Bortz also told the Los Angeles Times that the company may need to lay off an additional 2,000 employees by the end of the month.

Source: Los Angeles Times



Marriott International, the world's largest hotel company, said it has started to furlough what could amount to tens of thousands of employees on March 17. Furloughs, as opposed to layoffs, occur when employees are required to take an unpaid leave of absence. Arne Sorenson, the president and CEO, announced that his own salary will be suspended for the rest of the year and senior executives' salaries will be reduced by 50%.

Source: Wall Street Journal, Business Insider,Business Insider



Norwegian Airlines announced the temporary layoff of 90% of its workforce on March 16, amounting to 7,300 employees. The airline also canceled 85% of its flights.

Source: Reuters



Scandinavian Airlines (SAS) announced that it would temporarily lay off 10,000 employees — 90% of its staff — on March 15. SAS also halted the majority of its flights and is operating with limited service.

Source: Forbes



How Michael Jordan makes and spends his $2.1 billion fortune

$
0
0

Michael Jordan

SEE ALSO: Edit in Viking Inside Michael Jordan's 56,000-square-foot mansion in Chicago that's been on the market for 8 years and why he can't sell it

Jordan is the world's first athlete billionaire.

Source: Daily Mail



As of 2015, he was reportedly making $100 million a year from Nike royalties alone.

Source: Business Insider



And his income now is way more than his total playing salary during his career. He earned $90 million total in NBA salary, and about $63 million of that came in his final two seasons with the Chicago Bulls.

Source: Forbes, Spotrac, Basketball-Reference



His net worth is now believed to be $2.1 billion thanks to the skyrocketing value of his NBA team, the Charlotte Hornets ...

Source: Money



... and the Jordan Brand.

Source: Forbes



He bought the Charlotte Hornets in 2010 for $175 million ...

Source: Forbes, Business Insider



... and he officially became a billionaire in 2014 when the NBA franchise value rose.

Source: Business Insider



The team is now worth more than $1.5 billion, and he owns 97% of the equity in the club.

Source: Forbes



Jordan did sell a minority stake in the club in 2019, but he reportedly has no interest in giving up control of the team.

Source: Charlotte Observer



Jordan is still waiting for the day the Hornets win a championship. He has said that winning a championship as an owner would be more gratifying than any of the six rings he won as a player.

Source: Business Insider



According to Forbes, Jordan's yearly earnings were roughly $145 million.

Source: Forbes



For comparison, LeBron James is estimated to earn less than $90 million a year from salary, winnings, and endorsements.

Source: Forbes



Nike founder Phil Knight called signing Jordan the best decision he ever made, nabbing the NBA rookie for $250,000 a year in 1984.

Source: Business Insider



Nike's Jordan Brand alone now brings in roughly $3 billion in revenue each year.

Source: Business Insider,Los Angeles Times



The popularity of Air Jordans has resurged in recent years thanks to celebrity partnerships to connect to a younger audience and new versions of retro styles to reconnect to the older fans.

Source: Business Insider



Nike's Jordan Brand has even partnered with the popular video game "Fortnite."

Source: Business Insider



Jordan reportedly wanted to sign with Adidas in 1984, but they passed because they preferred NBA players who were 7 feet tall.

Source: Business Insider



He has several endorsement deals with companies like Gatorade ...

Source: Business Insider



... trading card company Upper Deck, ...

Source: Business Insider



... and Hanes. He's been a spokesman for the company for nearly 30 years.

Source: Business Insider



Jordan said he has always been picky about his endorsements because he wanted to be genuine and also build his own brand. He once rejected a huge endorsement deal with Beanee Weenees because he didn't like the name.

Source: Playboy



Jordan told Playboy, "How can I stand in front of a camera and say I'll eat Beanee Weenees?" He said the deal was close to $1 million per year — at the time, he had made less than $5 million in career earnings.

Source: Playboy



He owns several restaurants including 1000 North in Jupiter, Florida ...

Source: Business Insider, Eater



... Michael Jordan's Steakhouse, which has locations in Connecticut, Washington, and Chicago ...

Source: Michael Jordan's Steakhouse



... and Michael Jordan's Restaurant in Chicago, an upscale restaurant serving "elevated American classics."

Source: Michael Jordan's Restaurant



He also owns a Nissan dealership in Durham, North Carolina.

Source: Business Insider, Michael Jordan Nissan



In 2019, many billionaires lost money — but not Jordan. His net worth rose by $300 million.

Source: Forbes



That steady stream of income lets him live a pretty amazing lifestyle.



He has a private jet. It's painted Carolina blue, and the ID number contains his jersey number (23) and number of titles (6).

Source: Business Insider



He spent $12.8 million building his dream house in Florida in 2012.

Source: Yahoo, Business Insider



He reportedly decided to build a private golf course because he was annoyed by the pace of play at his previous country club.

Source: GOLF.com



The Hobe Sound, Florida, course is called Grove XXIII — keeping with his obsession with the No. 23 — and opened in the fall of 2019.

Source: Golf Digest



Jordan even has a custom, Carolina-blue golf cart with the Jumpman logo.

Source: Business Insider



He also has a $2.8 million house near Charlotte.

Source: Business Insider



It has some incredible lake views.

Source: Business Insider



He's selling his compound in Chicago, which was originally listed for $29 million. The estate's gate is emblazoned with his jersey number.

Source: Business Insider



But eight years later, the house is still on the market and the price is down to $14.9 million.

Source: Business Insider, Zillow



It has its own basketball court, as well as a pool with a patch of lawn in the middle of it.

Source: Business Insider



It is estimated that Jordan has paid more than $680,000 in property taxes since he put the house up for sale.

Source: Business Insider



And he still pays a full-time staff to keep it up and running.

Source: Business Insider



Luxury real estate brokers think the amount of customization the house has undergone in order to become Jordan's personal palace is one of a few reasons why the property hasn't sold yet.

Source: Business Insider



They also list the mismatch of location and price as a possible reason — homes in the Highland Park area have a median value of $476, 391. Homes at the price point Jordan is listing are typically located closer to Lake Michigan.

Source: Business Insider,Zillow



In 2016, Jordan won a case against a Chinese sportswear company that was using his Chinese name.

Source: Business Insider



The company had been using a logo similar to Jordan's Air Jordan logo, and the symbols used spell out his name in Chinese — Qiaodan Sports. He first sued the company in 2012, but lower-level courts ruled in favor of the company.

Source: Business Insider



That's not the only lawsuit he's been involved in though pertaining to his name and branding. Two supermarkets, Dominick's and Jewel-Osco, associated themselves with Jordan without his permission.

Source: Business Insider



Jordan sued and won millions. But he didn't keep all the money.

Source: Business Insider



Instead, he donated millions to 23 charities benefiting the children of Chicago.

Source: Business Insider



In 2016, Jordan also pledged two large donations to the NAACP Legal Defense Fund and the International Association of Chiefs of Police's new Institute for Community-Police Relations. This came after a string of police-involved shootings.

Source: Business Insider



In 2018, he donated $2 million to Hurricane Florence relief efforts.

Source: Chicago Tribune



In 2019, he pledge $7 million to open two medical clinics in Charlotte.

Source: Business Insider



Jordan has three children from his first marriage with Juanita Vanoy.

Source: Biography



The pair married in 1989 and divorced in 2006. The 17-year marriage cost Jordan a whopping $168 million in the settlement.

Source: Biography, NBC Chicago



Jordan's three oldest children have all followed their father into the shoe business. Jeffrey, the oldest, works at Nike in Oregon, and Jasmine, the youngest, has worked for her father's NBA team as well as being an Air Jordan representative in Charlotte.

Source: Business Insider



Marcus, Jordan's second child, opened a boutique sneaker shop in Disney World called Trophy Room inspired by the trophy room in his house growing up.

Source: Business Insider, Bleacher Report



Jordan married Yvette Prieto in 2013, and they welcomed twin daughters, Victoria and Ysabel, in 2014.

Source: USA Today



Jordan has invested some of his fortune in tech startups. He was reportedly one of several celebrities who invested heavily in Gigster — a Silicon Valley startup connecting companies to freelance software developers, designers, and project managers.

Source: Business Insider, Gigster



He is also a minority owner of an MLB team — the Miami Marlins — having been part of Derek Jeter's investment group.

Source: Business Insider



Jordan is also a famous gambler. Charles Barkley told Dan Patrick Jordan used to wager hundreds of thousands of dollars on a single hole when he played golf. While others, like Barkley himself, would wager a few hundred dollars.

Source: Business Insider, Dan Patrick Show



He also used to play $100 post-practice shooting games. One source said Jordan's taunting of Rodney McCray may have ruined McCray's career.

Source: Business Insider



He even took $500 from a fan at a charity golf tournament when the fan said Jordan couldn't land the ball on the green.

Source: deepac66 via YouTube, Golf Digest



And he reportedly cheated in some bets with his teammates to make sure he won. ESPN's Amin Elhassan said Jordan would bet his teammate, Scottie Pippen, on the outcome of mid-game, animated Jumbotron races, even though Jordan already knew which animated character would win.

Source: CBS Sports



He's also reportedly competitive at other kinds of games. He reportedly won $500 beating his business manager Estee Portnoy in sudoku.

Source: ESPN



Jordan plays a lot of golf. But, as Barkley put it, what's the point in playing the sport if not for some cash?

Source: Dan Patrick Show



He started playing the game while at UNC in a threesome with his then-roommate and Davis Love III.

Source: Business Insider



Jordan reportedly took Love's driver for a test-run once and ended up breaking the club completely. Love had to replace it, and it seems to have worked out in his favor — he went on to win 12 PGA Tour events during the 12 years he was using the replacement driver.

Source: Business Insider



Jordan reportedly never travels overseas without a security team, which sets him back a cool $1,000 to $1,500 per hour. His codename is reportedly "Yahweh," a Hebrew word for God.

Source: ESPN, Money



Other travel setbacks include this 154-foot rented mega yacht named Mr. Terrible.

Source: Business Insider, ESPN



The yacht is complete with its own branding.

Source: LaserAdvertising



The very first cars Jordan bought after he received his reported $10 million signing bonus from the Chicago Bulls were a collection of Mercedes and Pontiacs. He bought seven cars at once for himself and his family members.

Source: D Magazine



Since his rise to fame, he's been spotted in all kinds of cars, from Ferraris to Land Rovers.

Source: Cheat Sheet



Jordan is well known for his love of cigars and told Cigar Aficionado magazine that he smokes six a day.

Source: Cigar Aficionado



At age 57, he still works out. In 2013, he declared he was going to get down to his playing weight of 218 pounds — it is unknown if he reached the goal.

Source: ESPN



His post-basketball career is already influencing the next generation. Kevin Garnett has talked about following in Jordan's footsteps and buying the Minnesota Timberwolves.

Source: USA Today



In addition to winning six NBA championships, Jordan had won other prestigious awards. In 2016, President Barack Obama awarded him with the Presidential Medal of Freedom because, as Obama joked, Jordan is "more than just an Internet meme."

Source: Sports Illustrated



Jordan has been been a preferred meme for years — many still post this photo of Jordan crying during his 2009 Basketball Hall of Fame induction speech all over social media.

Source: Know Your Meme



Jordan provided a moment of levity at the memorial service for Kobe and Gigi Bryant in February 2020: "Now he's got me — I'll have to look at another crying meme for the next three years."

Source: Business Insider



"Everyone always wants to talk about the comparisons between he and I," Jordan said at the memorial. "When Kobe Bryant died, a piece of me died."

Source: Business Insider



The beginning of ESPN's highly anticipated docuseries about Jordan's time on the 1997-1998 Chicago Bulls team drops on Sunday, April 19.

Source: Business Insider



The shortest flight route in the US is now a 29-mile American Airlines trip connecting two of Colorado's most wealthy resort towns

$
0
0

American Airlines

  • American Airlines is now flying the shortest route in the US.
  • The flight is a 29-mile hop between Vail and Aspen — two of the wealthiest towns in Colorado.
  • The minuscule route is thanks to the conditions to receive funding through the CARES Act, which was signed into law in late March.
  • Visit Business Insider's homepage for more stories.

Two of America's most lavish towns are now connected through a 29-mile American Airlines route. 

From May 21 until at least June 1, you can fly between Aspen, Colorado, and Vail, Colorado. American Airlines launched the 35-minute service as part of a circle route that connects Aspen, Vail, and Montrose, Colorado, with America's Dallas-Fort Worth hub, as The Points Guy first reported from Cirium schedule data.

Those who are flying on the route don't need to disembark in Vail or Aspen, The Points Guy reported. 

It's currently the shortest commercial plane ride you can take in the US, beating a 31-mile Alaska Airlines loop, and it happens to connect two of the country's most famously wealthy resort towns. Vail's median home value is $1 million, while Aspen's median home value is $1.9 million, according to Zillow. 

Aspen is one of the four ski destinations on Earth where properties consistently sell more than $25 million, as Business Insider's Lina Batarags reported. The Bezos and Dell families both own homes on Aspen's so-called "Billionaire Mountain."

Alyse Kalish Aspen

The reason these two ultra-wealthy enclaves are now connected stems back to the CARES Act, the $2 trillion stimulus package signed into law in late March. 

Airlines may only suspend service to up to 11 cities that they served pre-coronavirus in order to receive much-needed aid through the CARES Act. But passenger travel has collapsed by 93%, so flying these so-called "ghost planes" on a lengthy route would not be profitable.

As a result, airlines are adding cities onto other routes. The Vail-Aspen plane journey, part of a larger circle connecting Texas and Colorado, is an example of that. 

Colorado's mountainous landscape actually means the drive between Vail and Aspen is a little longer than the 29-mile flight route would suggest. American's five-day-a-week flight takes 35 minutes, but driving between the two towns takes nearly two hours.

SEE ALSO: Big airlines are flying 'ghost planes' stuffed with packages now that the demand for passenger flights has cratered

Join the conversation about this story »

NOW WATCH: We tested a machine that brews beer at the push of a button

Porsche just revealed a new semi-convertible version of its iconic 911 sports car with retro 1960s-inspired styling

$
0
0

2021 Porsche 911 Targa13

  • Porsche just announced the 2021 911 Targa 4 and 4S, a new version of the iconic sports car.
  • The cars have automatic roofs that can retract in just 19 seconds.
  • The cars will have MSRPs of $119,300 and $135,200, respectively.
  • Visit Business Insider's homepage for more stories.

Porsche unveiled the Targa version of its current 992-generation 911 Monday.

The new version comes two variants: 4 and the more powerful 4S. They're both classically slick and stylish as heck — guaranteed to blow your hair back and slap a smile on your face.

Joining the 911 Coupe and Cabriolet models, the Targa marks the third new body style of the 992 generation, according to a company press release. It uses a fully automatic roof system but has the iconic Targa bar — a U-shaped roof bar located behind the driver and passenger. 

The retractable roof section above the front seats can be retracted in 19 sections after you push a button and there's a wraparound rear window, too, giving the car an attractive profile.

The Targa bar adds a unique visual flair and that big, curved glass window in the back continues the fastback design nicely, potentially making it more attractive than the standard 911 Cabriolet models to buyers.

Scroll to see more details of the new cars:

SEE ALSO: Three multimillion-dollar Ferraris are expected to become the most expensive cars ever sold in an online auction this month — explore them all

Porsche just introduced the Targa version of the 992 911 in the form of the 2021 Targa 4 and Targa 4S.



The Targa top first appeared on Porsche 911s in 1965.


There was a fear that regular convertibles might be deemed too dangerous in the eyes of the US government in the 1960s, so Porsche launched a Targa version of its convertible. It was an attractive sports car where you could lower the roof but where you also had a steel hoop where the B-pillars would be. The Targa was advertised as a "safety cabriolet with supplemental roll bar."

As Automobile explains it, that Targa bar achieved two things. First, it gave the roofless car more of a rigid structure. And second, it might have offered passengers more protection in case of a rollover, though "no formal promises were made."



The word “Targa” means “plate” in Italian and comes from Porsche racing successfully in the Targa Florio road race in Sicily.



Both the Targa 4 and 4S will come with Porsche’s eight-speed dual-clutch automatic and all-wheel drive.



Additionally, the Targa 4S can be had with a seven-speed manual transmission.



The cars use 3.0-liter, twin-turbocharged flat-six engines.



The Targa 4 makes 379 horsepower and will do zero to 60 mph in four seconds.



The Targa 4S makes 443 horsepower and will do zero to 60 mph in 3.4 seconds.



Top speed of the Targa 4 is an estimated 179 mph.



Top speed of the Targa 4S is an estimated 188 mph.



Both Targa models will also have Porsche’s fancy suspension system.



It’s called Porsche Active Suspension Management.



The Targa bar comes standard in silver.



But you can option it in black as well.



Porsche says there’s sound-deadening material in the fabric roof.



It can be retracted in just 19 seconds at the push of a button.



So daily driving it should be reasonably quiet and convenient for the passengers.



The 992 is the eighth generation of the Porsche 911.



The new Targa is the third body style offered with the 992.



The Targa model, in particular, has the retro styling of the ‘60s and ‘70s.



More so than the other 911s.



Porsche says the Targa models are available to order now.



They are expected to hit US dealers in late 2020.



MSRP for the Targa 4 comes to $119,300.



MSRP for the Targa 4S comes to $135,200.



The 9 best small business credit cards for earning rewards while keeping personal and work-related expenses separate

$
0
0

Best Small Business 4x3

 

 

The best small business credit cards:

  • Best sign-up bonus: Ink Business Preferred® Credit Card
  • Best for premium travel benefits: The Business Platinum® Card from American Express
  • Earns travel points with no annual fee: The Blue Business® Plus Credit Card from American Express
  • Best cash-back business card: Capital One® Spark® Cash for Business
  • Earn 2x miles no matter what you buy: Capital One® Spark® Miles for Business
  • If you want to maximize Chase Ultimate Rewards points: Ink Business Unlimited℠ Credit Card
  • Best for big spenders: American Express® Business Gold Card
  • If your business spends a lot on office supplies and wireless: Ink Business Cash℠ Credit Card
  • If you only use one business credit card: Brex Corporate Card for Startups and the Brex Corporate Card for Ecommerce

Whether you're a freelancer, someone with a side gig, or you run a business with 15 employees, keeping your personal and business finances separate is vital. Even if you're a sole proprietor using your personal checking account, things can get muddy quickly when you're cutting personal and business checks from the same account. That's where business credit cards come in.

If you work solo and work under your own name and social security number (rather than a business name), getting a business card will help you keep expenses separate, and protect your own credit profile and assets. Even the smallest of businesses are eligible for business credit cads, such as freelancers, individuals with side gigs, or even people who resell things on eBay.

If you're a bigger business— or aspire to grow into one, with employees and more resources — a business credit card will not only help separate expenses, but it will also help you establish business credit, so that you have flexibility later on with loans and leases. Plus, you can get additional authorized cards for employees as needed.

 Ink Business Preferred® Credit Card

Best sign-up bonus: Ink Business Preferred® Credit Card

Welcome offer: 100,000 Ultimate Rewards points when you spend $15,000 on the card in the first three months of account opening

Annual fee: $95

Earning rates: 3 points per dollar on the first $150,000 your business spends on combined purchases each cardmember year on travel, shipping, internet/cable/phone, and advertising on social media sites or with search engines. Purchases after you reach $150,000, or in any other category, earn 1 point per dollar.

Standout benefits:Cell phone protection, primary car rental insurance

If you're looking to earn valuable, flexible rewards points on your small business spending, the Chase Ultimate Rewards (UR) ecosystem is among the best options. If you already have one of Chase's popular personal rewards cards — like the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®— the Ink Business Preferred® Credit Card is an ideal business card companion.

Like those cards, the Ink Business Preferred® Credit Card earns UR points, and while you can keep them on that card and separate from the rest of your stash, you can also combine them with the rest of your points. These points can be traded for cash back, transferred to frequent flyer and hotel loyalty partners, or used to purchase travel with a 25% bonus (or a 50% bonus if you move your points over to your Chase Sapphire Reserve®). 

Read more about the Ink Business Preferred:

The Business Platinum Card® from American Express

Best for premium travel perks: The Business Platinum® Card from American Express

Welcome offer: 75,000 Membership Rewards points (after you spend $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership). 

Annual fee: $595

Earning rates: 5 points per dollar on flights and prepaid hotels booked at amextravel.com, 1.5 points per dollar on purchases of $5,000 or more (up to 1 million additional points per year), 1 point per dollar on everything else

Standout benefits: 

  • Up to a $200 annual airline fee credit
  • Access to airport lounges include Centurion lounges, Priority Pass lounges, and Delta Sky Clubs (when you're flying Delta)
  • Up to $200 in Dell statement credits annually for U.S. purchases (divided into up to $100 between January and June and up to $100 between July and December)
  • Get 35% of your points back when you use Pay With Points to book an economy flight with your selected airline or a business- or first-class flight with any airline

The small business version of American Express' famed Platinum Card used to be our pick for the top business card, but the annual fee has since increased and it's become a bit more of a niche product — potentially useful for mid-sized businesses that spend a lot on flights and travel, but less valuable for sole proprieters and very small operations.

Read more about the Business Platinum card:

The Blue Business® Plus Credit Card from American Express

Earns travel points with no annual fee: The Blue Business® Plus Credit Card from American Express

Welcome offer: N/A

Annual fee: $0

Earning rates: 2 Amex Membership Rewards points per dollar on the first $50,000 in spending every year (after that, it's 1x point).

Standout benefits: No annual fee, 0% introductory APR on purchases and balance transfers for the first 12 months of account opening (then a variable rate of 13.24%-19.24%)

The The Blue Business® Plus Credit Card from American Express doesn't usually have a welcome offer, and that might be enough to turn many people away from it. However, it's the rare points-earning business card that doesn't charge an annual fee; you'll earn 2 points per dollar on the first $50,000 you spend each year, with no bonus categories to keep track of.

According to travel website The Points Guy, Amex points are worth 2 cents apiece, so you're getting a 4% return on all your business spending up to $50,000 each year.

Read more about the Blue Business Plus card:

Best cash-back business card: Capital One Spark Cash for Business

Welcome offer: Earn $500 after you spend $4,500 in the first three months of account opening

Annual fee: $0 for the first year; $95 after that

Earning rate: 2% on all purchases 

Standout benefits: Free employee cards that also earn 2% back on everything

The Capital One Spark Cash earns unlimited 2% cash back on all purchases. That's it. No categories, no points values or conversions, no redemption minimums. Rewards won't expire for the life of the account, and you can redeem any amount of cash back. The card has a $95 annual fee, waived the first year.

At first glance, the The Blue Business® Plus Credit Card from American Express might seem like a better option, since it earns 2x points and doesn't have an annual fee. However, keep in mind that while 2x points may be more valuable than 2% cash if you redeem strategically for travel by transferring to partners, Membership Rewards points can't be redeemed outright for cash. You can redeem them for a statement credit, but they'll only be worth 0.6 cents each. That means that effectively, the Amex card only offers 1.2% "cash" back, compared to the no-strings-attached 2% from the Capital One Spark Cash.

Click here to learn more about the Capital One Spark Cash card.

Read more about the Capital One Spark Cash card:

Earn 2x miles on everything: Capital One Spark Miles for Business

Welcome offer: Earn 50,000 miles after you spend $4,500 in the first three months of account opening

Annual fee: $0 the first year; $95 after that

Earning rate: 2x miles on all purchases

Standout benefits: Transfer miles to Capital One's airline partners including Air Canada and Emirates or redeem miles to cover travel purchases on your statement, up to a $100 credit for Global Entry or TSA PreCheck

The Spark Miles for Business is a great option if you don't want a complicated rewards credit card strategy but you want choices in how you redeem your miles from the one card you do use. You can transfer them to more than 10 airline partners or you can use miles to "wipe" your business' travel expenses from your credit card statement. Beyond that, you can redeem miles for cash back or gift cards. So if you don't want to be locked into just one way to use your rewards, this card could make sense.

Click here to learn more about the Capital One Spark Miles for Business.

Read more about the Spark Miles for Business card:

Ink Business Unlimited℠ Credit Card

Best cash-back business card: Ink Business Unlimited℠ Credit Card

Welcome offer: $500 (or 50,000 Ultimate Rewards points) after you spend $3,000 in the first three months of account opening

Annual fee: $0

Earning rate: 1.5% cash back on all purchases

Standout benefits: If you also have a card that earns Ultimate Rewards points, you can redeem cash back as points with travel partners and get more than 1.5% back per, 0% introductory APR on purchases for the first 12 months (then a variable rate of 13.24%-19.24%)

The newest card in Chase's business portfolio, the Ink Business Unlimited℠ Credit Card is a simple one at first glance — earn unlimited 1.5% cash back. However, just like the consumer Chase Freedom® and Chase Freedom Unlimited® cards, the Ink Business Unlimited has a trick up its sleeve. Although the card is marketed as "cash back," it actually earns Ultimate Rewards points that you can redeem for cash (1 point = $0.01).

That means that you can combine the points earned from the Ink Business Unlimited℠ Credit Card with the ones you earn from cards like the Ink Preferred, or the personal Sapphire Reserve, and either earn a bonus when you redeem them for travel through Chase, or transfer them to travel partners. Combined with an Ink Business Preferred® Credit Card, you'll get a guaranteed 1.5–3 points per dollar spent.

Read more about the Ink Business Unlimited card:

American Express® Business Gold Card

Best for big spenders: American Express® Business Gold Card

Welcome offer: 35,000 Membership Rewards points after you spend $5,000 on eligible purchases in the first three months of account opening

Annual fee: $295

Earning rates: 4x points on your top two spending categories each billing cycle on up to $150,000 in combined purchases each year from the following list: airfare purchased directly from airlines, US purchases for advertising in select media, US purchases at gas stations, US purchases made directly from select technology providers, US purchase at restaurants, and US purchases for shipping; 1x point on everything else

Standout benefits: 25% of your points back when you pay with points to book first or business-class airfare with American Express Travel (or any class of flight with your selected qualifying airline), up to 250,000 points back per calendar year.

If you don't want to pay the higher annual fee of the The Business Platinum® Card from American Express, the American Express® Business Gold Card is a good alternative. And depending on your spending habits, the Business Gold could actually be a more rewarding choice, thanks to the ability to earn 4x points on popular business spending categories. 

Read more about the Amex Business Gold card:

Ink Business Cash℠ Credit Card

Best for office supplies and wireless: Ink Business Cash℠ Credit Card

Welcome offer: $500 (or 50,000 Ultimate Rewards points) after you spend $3,000 in the first three months of account opening

Annual fee: $0

Earning rates: 5% cash back (or 5x points) on the first $25,000 in combined purchases at office supply stores and on internet, cable, and phone services each card holder year (then 1x), 2% back (or 2x points) on the first $25,000 in purchases at gas stations and restaurants each year (then 1x), and 1% (or 1x point) on everything else with no cap.

Standout benefits: If you also have a card that earns Ultimate Rewards points, you can redeem cash back as points with travel partners and get a higher return on your spending, 0% introductory APR on purchases for the first 12 months (then a variable rate of 13.24%–19.24%)

The Ink Business Cash℠ Credit Card is another solid Chase entry, and just like with the Ink Business Unlimited℠ Credit Card, you can pool the "cash" you earn with points from a points-earning card, effectively converting your cash into (potentially) more valuable points.

Ink Business Cash℠ Credit Card is an especially good option if you can maximize its bonus categories, including office supply stores, internet, cable, and restaurants, among others.

Read more about the Ink Business Cash card:

If you only use one business credit card: Brex Corporate Card

Welcome offer: 75,000 Brex points upon sign-up 

Brex offers two versions of its unique business credit card: the Brex Corporate Card for Startups, and the Brex Corporate Card for Ecommerce. The card stands out because it doesn't require any personal guarantees, and it offers strong rewards for customers who make Brex their exclusive corporate card (7x points on rideshare and 3x points at restaurants and coffee shops, for example).

The Brex Corporate Card for Ecommerce offers a credit limit of 5o% to 100% of your projected monthly sales, up to $5 million, while Brex says the Brex Corporate Card for Startups offers up to 20 times higher credit limits than competing cards. 

You can transfer Brex points to seven airline partners, including JetBlue, which was the most recent addition.

Click here to learn more about the Brex Corporate Card for Startups.

Click here to learn more about the Brex Corporate Card for Ecommerce.

Airline business credit cards

Welcome offer: Varies

If you fly often for work, and you're loyal to one particular airline, then it could be worth getting an airline's business credit card. In addition to earning frequent flyer miles on every purchase, you'll get a variety of perks like free checked bags and priority boarding. 

Each airline card's terms and benefits are slightly different, but these are some of the best options to consider for your business.

Delta

  • Delta SkyMiles® Gold Business American Express Card
  • Delta SkyMiles® Platinum Business American Express Card
  • Delta SkyMiles® Reserve Business American Express Card

United Airlines

  • United℠ Explorer Card

American Airlines

  • CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

Southwest Airlines

  • Southwest Rapid Rewards® Premier Business Credit Card

Alaska Airlines

  • Alaska Airlines Visa Business credit card

Hotel business credit cards

Welcome offer: Varies

If you frequently travel for business, a hotel business credit card could also make sense. You'll earn hotel points on all your spending, and some cards offer complimentary elite status and annual free reward nights.

The benefits and bonuses vary, but here are some top options to consider:

Hilton

The Hilton Honors American Express Business Card

Marriott 

Marriott Bonvoy Business™ American Express® Card

Frequently asked questions

What's the difference between a personal credit card and a business credit card?

While personal credit cards are intended for any types of purchases, business credit cards are targeted toward small business owners. That doesn't mean you need a large established company to apply for a business credit card; even if you're a freelancer you can get approved for a business card provided you meet the bank's application requirements.

Business credit cards usually offer different rewards and benefits than personal credit cards. For example, a business card may earn bonus rewards on purchases at office supply stores, and it may offer free cards for employees. Plus, business cards can have higher credit limits than personal credit cards, and in most cases, the activity on a business card won't affect your personal credit report (although if you default on the business card, the card issuer can still come after you personally).

Who has the best business credit card?

American Express, Chase, Citi, Capital One, and other issuers all offer solid options when it comes to business credit cards. The best choice for you depends on what benefits you value, and how much of an annual fee you're willing to pay.

If you want a rewards credit card with all the bells and whistles, the The Business Platinum® Card from American Express is a good choice. If you care less about perks like airport lounge access and annual statement credits, a more straightforward card that earns bonus rewards on all your spending, a card like the Capital One Spark Miles for Business could be a better fit.

How do I qualify for a business credit card?

The good news is that it's easier to qualify for a business credit card than you may think. If you do any freelancing or a side gig, such as driving for Uber or selling items on eBay, you can typically qualify for a business credit card as a sole proprietor. In this case, you are personally on the hook for your business' debts.

Small business owners who aren't sole proprietors can qualify for business cards too. If you have a larger business with employees, you may be asked to include Employer Identification Number number on your credit card application.

What do I put on a business credit card application?

If you're a sole proprietor, you can apply for a business card using your Social Security number. You should put down your legal name as the business name. If you have a business with employees, you'll need to answer questions about your business size, type, and revenue, in addition to providing your SSN and your EIN (if requested).

What's the difference between a business credit card and a corporate credit card?

With a business credit card, the primary cardholder is responsible for the debts on the card and for any fees that are incurred. A corporate card is issued by a company to its employees, and the company is responsible for paying that card. With a corporate card, you generally won't earn rewards (and you also usually won't be on the hook for whatever you charge to it), while with a business card in your name, you get to keep whatever rewards you earn through your spending.

Related Content Module: More Credit Card Coverage

Join the conversation about this story »

How to take a screenshot on Windows 10 computers in several different ways

$
0
0

Microsoft Windows

  • Windows 10 provides several ways to take screenshots of your entire computer screen, or just select parts of it.
  • The fastest way to take a screenshot on Windows 10 is by pressing the "PrtScn" button on your keyboard. There are various key combos to take screenshots of portions of the screen.
  • Microsoft also provides a Snipping Tool to take custom screenshots, and draw on the images.
  • You can take screenshots within games by opening the Game Bar with the Windows + G keyboard shortcut.
  • Visit Business Insider's homepage for more stories.

If you need to capture a screenshot of something on your computer screen, Windows 10 offers a variety of methods for doing just that. 

Whether you want to save the entire screen, or just a piece of it, we've rounded up all the most common techniques for taking a Windows 10 screenshot.

Check out the products mentioned in this article:

Windows 10 Home (From $129.99 on Amazon)

How to take a screenshot on Windows 10 with the PrtScn key

The simplest way to save a copy of whatever is on your computer screen is to simply press the "Print Screen" key on your keyboard. It's usually labeled "PrtScn" (or something very similar) and is located in the top row, among or near the Function keys. 

On some keyboards (particularly laptops) you might need to trigger the Print Screen using the Function key (in other words, hold the Function key and then press PrtScn). 

PrtScn keyboard

Windows features several PrtScn variations:

  • Press PrtScn. This copies the entire screen to the clipboard. You can paste the screenshot into any program that displays images, like Paint or Microsoft Word.
  • Press Alt + PrtScn. This copies the active window to the clipboard, which you can paste into another program. 
  • Press the Windows key + Shift + S. The screen will dim and the mouse pointer will change. You can drag to select a portion of the screen to capture. The screenshot will be copied to the clipboard, which you can paste into another program. (This shortcut only works if you have the latest version of Windows 10 installed, called the Windows 10 Creators Update.)
  • Press the Windows key + PrtScn. This saves the entire screen as an image file. You can find it in the "Pictures" folder, in a subfolder called "Screenshots."

How to take a screenshot on Windows 10 with Snipping Tool

Microsoft includes a much more flexible screenshot utility with Windows 10, called Snipping Tool. 

You can use Snipping Tool to grab a screenshot and save it as an image file without first pasting the screenshot into another program. 

1. Start the Snipping Tool from the Start menu.

2. In the "Mode" drop down, choose the kind of screenshot shape you want — you can choose anything from full screen to rectangular to a free-form shape.

screesnhot 2

3. Click New, and your screen will freeze. You can then use the mouse to create the screenshot. The screenshot will then appear in the Snipping Tool window.

4. If you want to include something like a tooltip, which only appears after a mouse movement, you can specify how long to wait before taking the screenshot using the Delay menu.

5. If you want to, once you've taken your screenshot, you can use the drawing tools to annotate the screenshot. 

6. When you're done, click "File" and then click "Save As" to save the completed screenshot to your computer.

7. You can also click the copy button in the Snipping Tool window — it looks like two pages laid over one another — to copy the image to your clipboard.

How to take a screenshot on Windows 10 with the Game Bar

The Game Bar is an overlay you can use within most Windows games to take screenshots and record video. Here's how to use it:

1. Start a game from the Start menu or the Xbox Console Companion program. 

2. While playing the game, press the Windows key + G. The Game Bar overlay should appear. 

screesnshot 3

3. Click the camera icon to take a screenshot, or you can use the keyboard shortcut: Windows key + Alt + PrtScn. 

The screenshot will be automatically saved to the "Videos" folder in a subfolder called "Captures."

If you're playing a game on Steam, you can also press F11 to take a screenshot. It will be added to your screenshots folder on Steam.

Related coverage from How To Do Everything: Tech:

SEE ALSO: The best budget laptops you can buy

Join the conversation about this story »

NOW WATCH: We tested a machine that brews beer at the push of a button


Jack Ma is resigning from SoftBank's board. Here's a look at how the cofounder of Alibaba and the richest person in China built his fortune.

$
0
0

Jack Ma

Alibaba isn't the only company Jack Ma is stepping back from. 

On Monday, the e-commerce billionaire announced that, effective June 25, he will resign from SoftBank's board of directors after 13 years. The news came the same day that the Japanese investment firm announced that it lost $13 billion amid troubled investments including WeWork and Uber.

Ma grew up poor in communist China, failed his university entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba.

Keep reading to learn more about how Jack Ma made his fortune.

Jillian D'onfro and Charles Clark contributed to an earlier version of this post.

DON'T MISS: A family feud, a real-estate empire, and a supermodel: Meet the family of 'coronavirus czar' Jared Kushner, Trump's son-in-law and top adviser

SEE ALSO: Elon Musk just listed 5 more mansions for sale after pledging to 'own no house.' Take a look at the $100 million real estate portfolio he'll have to offload to make that happen.

Jack Ma — born Ma Yun — was born on September 10, 1964, in Hangzhou, southeastern China. He has an older brother and a younger sister.

 Source: 60 Minutes, USA Today

 



He and his siblings grew up at a time when communist China was increasingly isolated from the West, and his family didn't have much money when they were young.

 Source: 60 Minutes, USA Today



Ma was scrawny and often got into fights with classmates. "I was never afraid of opponents who were bigger than I," he recalls in "Alibaba," a book by Liu Shiying and Martha Avery.

Source: USA Today, Business Insider



As a kid, Ma liked collecting crickets and making them fight, and was able to distinguish the size and type of cricket just by the sound it made.

Source: USA Today, Business Insider



After President Nixon visited Hangzhou in 1972, Ma's hometown became a tourist mecca. As a teenager, Ma started waking up early to visit the city's main hotel, offering visitors tours of the city in exchange for English lessons. The nickname "Jack" was given to him by a tourist he befriended.

Source: 60 Minutes

 



After high school, he applied to go to college — but failed the entrance exam twice. He finally passed on the third try, going on to attend Hangzhou Teachers Institute. He graduated in 1988 and started applying to as many jobs as he could.

Source: 60 Minutes



He received more than a dozen rejections — including from KFC — before being hired as an English teacher. Ma was a natural with his students and loved his job — though he only made $12 a month at a local university.

Source: Business Insider



At the World Economic Forum in 2016, Jack Ma revealed he has been rejected from Harvard — 10 times.

Source: Business Insider



Ma had no experience with computers or coding, but he was captivated by the internet when he used it for the first time during a trip to the US in 1995. He had recently started a translation business and made the trip to help a Chinese firm recover a payment. Ma's first online search was "beer," but he was surprised to find that no Chinese beers turned up in the results. It was then that he decided to found an internet company for China.

Source: Business Insider, USA Today

 



Though his first two ventures failed, four years later he gathered 17 of his friends in his apartment and convinced them to invest in his vision for an online marketplace he called "Alibaba." The site allowed exporters to post product listings that customers could buy directly.

Source: Business Insider60 Minutes

 



Soon, the service started to attract members from all over the world. By October 1999, the company had raised $5 million from Goldman Sachs and $20 million from SoftBank, a Japanese telecom company that also invests in technology companies. The team remained close-knit and scrappy. "We will make it because we are young and we never, never give up," Ma said to a gathering of employees.

Source: Business Insider

 



He was known for maintaining a sense of fun at Alibaba. In the early 2000s, when the company decided to start Taobao, its eBay competitor, he had his team do handstands during breaks to keep their energy levels up.

Source: Business Insider



When the company first became profitable, Ma gave each employee a can of Silly String to go wild with.

Source: Business Insider



In 2005, Yahoo invested $1 billion in Alibaba in exchange for about a 40% stake in the company. This was huge for Alibaba — at the time it was trying to beat eBay in China — and it would eventually be an enormous win for Yahoo too, netting it $10 billion in Alibaba's IPO alone.

Source: TechCrunch



In 2014, Ma told Bloomberg he knew Alibaba had made it big when another customer offered to pay his restaurant bill. The customer, Ma said in the interview, had left Ma a note that read: "I'm your customer of Alibaba group, I made a lot of money and I know you don't make any money. I'll pay the bill for you."

Source: Business Insider



Ma stepped down from his post as CEO in 2013, staying on as executive chairman.

Source: Tech Crunch



Alibaba went public on September 19, 2014. "Today what we got is not money. What we got is the trust from the people," Ma told CNBC at the time.

Source: CNBC, NYSE



The company's $150 billion IPO was the largest offering for a US-listed company in the history of the New York Stock Exchange. It also made Ma the richest person in China, with an estimated worth of $25 billion at the time. His net worth has now grown to $43 billion, according to Forbes.

Source: Forbes



Ma's fortune comes from his 7.8% stake in Alibaba and a nearly 50% stake in payment-processing service Alipay.

Source: Forbes



Alibaba employees threw a big party at the company's Hangzhou headquarters to celebrate the IPO. One employee even took the party as the perfect opportunity to propose. Ma told employees at a press conference that he hopes they use their newfound wealth to become "a batch of genuinely noble people, a batch of people who are able to help others, and who are kind and happy."

Source: QQ.com, USA Today

 



The biggest day in the calendar for Alibaba is China's "Singles' Day" — a retaliation to Valentine's Day — which supposedly celebrates the country's singletons. In 2016, the site recorded nearly $20 billion in sales in 24 hours.

Source: CNBC



In 2019, Singles' Day generated $13 billion in sales in the first hour alone — just after Taylor Swift performed at the event's opening gala in Shanghai.

Source: Business Insider



Alibaba's success may have made Ma an extremely wealthy man, but he has made very few flashy purchases, and he still has some pretty modest hobbies. "I don't think he has changed much, he is still that old style," Xiao-Ping Chen, a friend of Ma, told USA Today. He likes reading and writing kung fu fiction, playing poker, meditating, and practicing​ tai chi.

Source: USA Today



His big splurge was a vineyard and a chateau in Bordeaux, France, in 2016.

Source: Forbes, CNBC



In March 2013, Alibaba spent a reported $49.7 million on a Gulfstream G550, mostly for Ma's use.

Source: China Daily



One of his greatest passions is the environment. According to Fortune, Ma developed an interest in environmentalism when a member of his wife's family became sick with an illness that Ma suspected was caused by pollution. He sits on the global board of The Nature Conservancy and spoke during a session of the Clinton Global Initiative in 2015. He has also, according to Fortune, been instrumental in funding a 27,000-acre nature reserve in China.

Source: Fortune



Ma has largely kept his family life out of the spotlight. He married Zhang Ying, a teacher he met at school, after they graduated in the late 1980s. They have two children — a daughter and a son.

Source: Bloomberg



In 2017, Ma made headlines after meeting President Donald Trump. Despite Trump's protectionist attitude towards trade, Ma said China and the United States were not about to be drawn into a trade war. "Give Trump some time. He's open-minded," Ma told a panel at Davos in January.

Source: Business Insider



Ma is something of a celebrity in China, and crowds of people show up to listen to him speak.

Source: 60 Minutes



The company also hosts annual talent shows, and Ma is a natural entertainer. At a company anniversary event, he dressed up as a punk rocker for a performance in front of 20,000 Alibaba employees.

Source: 60 Minutes



Company lore has it that Ma came up with the name "Alibaba" while sitting in a San Francisco coffee shop. In "Ali Baba and the Forty Thieves," a secret password unlocks a trove filled with unbelievable riches. Ma's company has, in a way, revealed the potential of small and mid-sized businesses across the globe.

Source: Entrepreneur



Ma stepped down as Alibaba's chairman on September 10, 2019, his 55th birthday. The company threw him a farewell party in an 80,000-seat stadium in Hangzhou, and Ma performed with other Alibaba executives.

Source: Business Insider



Ma picked Daniel Zhang, who has been the CEO of Alibaba since 2015, to replace him as chairman. According to CNN Business, Ma is now pivoting to full-time philanthropy.

Source: Business Insider, CNN Business



When the coronavirus pandemic brought the world to a halt in March, Ma sourced and shipped N95 face masks and COVID-19 testing kits to over 100 countries dealing with shortages, including the U.S.

Source: Business Insider



On Monday, SoftBank announced that Ma would resign from the troubled investment fund's board of directors.

"Stepping down from SoftBank Group's Board, I believe, and he said to me actually was something that he decided on his own," SoftBank CEO Masayoshi Son said during the firm's earnings announcement. "That's sad, but we still keep in contact directly and right before the COVID-19, we met face-to-face every month to have dinner, to talk about businesses, to talk about lives. And we will remain friends for the rest of our life, I believe."

Source: Business Insider



How the Tesla Model 3, with a $40,000 base price, stacks up against the $100,000-plus Tesla Model S (TSLA)

$
0
0

Tesla Model 3

  • Tesla sells two sedans, the Model S and the Model 3. 
  • The Model S is a more luxurious midsize four-door that can almost stretch to full-size duty.
  • The Model 3 is a compact four-door that takes a more minimalist approach than the Model S.
  • Visit Business Insider's homepage for more stories.

Since 2017, Tesla has officially been selling two sedans, the Model S and the Model 3. Both are fully electric, but with the arrival of the base, $40,000 Model 3, there's now a wide price difference between the cheapest Tesla four-door and the most expensive Model S, which can cost over $100,000, depending on the configuration.

What, you might wonder, do you get for your money with each car?

Glad you asked. I've provided a simple breakdown. The bottom line is that you currently have more options with the Model 3, but the Model S is more premium and serves up better performance — if you pay extra for it. Otherwise, although the cars are in different segments, they have a lot in common.

Read on to learn more:

FOLLOW US: On Facebook for more car and transportation content!

The Model S is Tesla's oldest vehicle now in production. The mid-size sedan arrived in 2012 and has been updated and reconfigured numerous times, but the average price is around $100,000.



Currently, Tesla sells three versions of the Model S, each with a "dual motor" all-wheel-drive configuration.

The Long Range is $85,000, with a 335-miles range and a 0-60mph time of 4.1 seconds.

The Performance is $99,000, with a 315-mile range and a 0-60 time of 3 seconds.

The Standard Range was $79,000 to start, with a 270-mile range and a 0-60mph time of 4.2 seconds, but Tesla has dropped it from the lineup.

(These prices are all before tax credits and fuel savings.)



Adding Ludicrous Mode to the Performance trim for $20,000 takes the 0-60 mph time down to 2.4 seconds. That's supercar fast.



Model S owners used to be able to use the company's network of almost 1,500 Supercharger locations to recharge for free. Now, new Model S owners have to pay; the rate is $0.28 per kilowatt hour. The Model S can also recharge at slower Level 2 partner sites, at home using a Level 2 system, or with a regular wall outlet to "trickle" charge or top off.

Tesla explained to me that Model S owners can use the company's referral program to obtain 1,000 miles of free Supercharging for each new customer referred via a unique code.



The Model S interior comes in basic black standard, regardless of trim. A few different interior options are on offer, for an extra $1,500. Exterior colors that aren't black also add $1,000, on up to "red multi-coat," which is $2,500.



The Model S has a traditional, albeit digital, instrument cluster for the driver. The steering wheel is heated, and the front seats are heated and cooled in Performance trim. (The Long Range trim has only heated seats.)



The Model S is equipped with a large, 17-inch portrait central touchscreen that controls climate and infotainment, as well as many vehicle settings. The screen is angled slightly toward the driver.



The Model S key fob is a sleek little guy that resembles the car. You can also use the Tesla app to control some features, monitor charging, and check on the Model S's vital signs.



You have almost 63 cubic feet of total cargo capacity with the Model S, if you drop the rear seats to expand the hatch and make use of the front trunk, or "frunk." The Model S can beat some SUVs for hauling capability.



The Model S has ample space in the back seat for three kids, and two adults would be relatively comfortable.



The Model S can be had with Autopilot, Tesla's semi-self-driving system. The basic driver-assist system is $3,000 on order, $4,000 post-delivery. Adding full self-driving is $5,000 on order, $7,000 post-delivery.



Older versions of the Model S have different styling and aren't able to handle the same technological improvements that are routine for newer examples.



The Model 3 is Tesla's newest vehicle. The compact sedan launched in mid-2017. Initially, only "premium," long-range versions were made, but a pricey Performance trim followed, and most recently a $40,000 base car arrived.



Tesla currently sells two versions of the Model 3: single-motor rear-wheel-drive and dual-motor all-wheel drive. There are the equivalent of five trim levels.

  • The RWD Standard range is $35,000, with 220 miles of range and a 0-60mph time of 5.6 seconds.
  • The RWD Standard Range Plus with partial premium interior is $37,500, with 240 miles of range and a o-60 mph time of 5.3 seconds.
  • The RWD Long Range premium interior is $44,500, with 325 miles of range and 0-60 mph time of 5 seconds.
  • The AWD Long Range premium interior is $48,500, with 310 miles of range and a 0-60 mph time of 4.5 seconds.
  • And the AWD Performance premium interior is $59,500, with 310 miles of range and a 0-60 mph time of 3.2 seconds.

(These prices are all before tax credits and fuel savings.)



There is no Ludicrous Mode for the Model 3 Performance.



The Model 3 is subject to the same charging protocols and costs as the Model S, although the Model 3 uses a different battery architecture.



The Model 3's interior is far more minimalist than the Model S's. Exterior paint pricing is the same as the Model S.



The central landscape touchscreen controls infotainment, most vehicle functions, and displays your speedometer.



The Model 3 does away with the key fob. Instead, there's a credit-card-sized valet/backup key ...



... But the car's real key is the smartphone app.

It is possible to obtain an aftermarket fob, Tesla explained. It costs $150.



The Model 3 offers much less cargo space than the Model S — just 15 cubic feet between the trunk and frunk. But that's still plenty for everything but full-family road trips over long weekends.



With the Model 3, you get smaller back seats, but you also get a show-stopping panoramic glass roof that runs from the windshield to the rear hatch.



The Model 3 can also be had with Autopilot, Tesla's semi-self-driving system. The basic driver-assist system is standard equipment. Adding full self-driving is $7,000 on order.

Both the Model S and Model 3 have "Navigate on Autopilot" available with the full self-driving package. Tesla says it enables "automatic driving from highway on-ramp to off-ramp including interchanges and overtaking slower cars."



The new Tesla Model Y compact crossover offers a bit more versatility than the Model 3 and could tempt buyers who aren't interested in four-doors but want to go electric.



Silicon Valley execs are requesting revamped home offices with generators and ergonomic chairs as more companies adopt work-from-home policies

$
0
0

man home office working remotely

  • Tech execs are seeking upgraded home offices as remote work becomes a greater focus of office life in the future.
  • One design firm in Silicon Valley is fielding an influx of requests from tech clients.
  • Ergonomic chairs, generators for more reliable power, and a sturdy internet connection are some items at the top of the list for execs seeking more efficient home office setups.
  • Visit Business Insider's homepage for more stories.

Tech offices in Silicon Valley will see a transformation in light of the coronavirus disease when people start returning to work.

Design firms say employers may have to implement one-way hallways to minimize cross-traffic. You might be a part of an office cohort with a few handfuls of your coworkers. The ubiquitous snack rooms, with robust selections, may not be part of a new era of office life where physical distancing is paramount.

Working remotely will be more widely accepted moving forward as companies adopt work-from-home policies in the long-term. You might even only go into the office on days when you have group work, with individual tasks completed at home. 

As a result, workers are rethinking their home office setups.

Greg Mottola is a principal at Bohlin Cywinski Jackson, the architecture firm behind office designs for Square's San Francisco headquarters, Pixar, Adobe, and multiple Blue Bottle Coffee locations. Even before the pandemic, about 20% of the firm's workload was designing for customers' high-end residences, many of which were second homes.

But Mottola told Business Insider that the mid-sized firm is delving even more into home-office design after an influx of requests from tech execs in the region.

"It's not just the place where you go for a few hours at night and then go to sleep," Mottola said of the home office. "Some days you might be there all day rather than going into the office. And I think that's a trend that's probably going to stay."

The tech world was already well accustomed to remote work, with productivity more heavily valued over mere office attendance. But thousands of Bay Area office workers were mandated to work from home in mid-March when the region entered a shelter-in-place order. Many employees — and executives — abandoned their offices for makeshift workstations on the dining room table, the couch, and other areas throughout their pint-sized Bay Area apartments.

Mottola said he was unable to name the clients specifically, but they were "the kinds of execs you would guess" to be making these requests. He also said he hasn't gotten any extravagant requests for home office modifications. Instead, the typical asks are fairly ordinary, yet vital: a solid internet connection, an ergonomic desk chair, and good lighting.

Clients want the office furniture to be more intentional and practical rather than serving purely an aesthetic purpose.

"Can we select the furniture that's not just picking a beautiful, iconic piece of modern design as a chair?" Mottola said. "You're really thinking about it as a work chair — the ergonomic chair — because we might be spending days, weeks, months, needing to work from there."

Factors such as monitor positioning are being considered for some, but for many clients, the primary way of conducting business is via phone.

"Some of the tech clients that we're working with don't really use even a laptop anymore," Mottola said. "It's all on their phone." Or maybe they'll have an iPad with a keyboard attached to it.

For many in the Valley, office workers are accustomed to the open office floor plan, where seas and seas of workstations allow for accommodating a denser workforce. A characteristic of the open office is also a flat hierarchical setup, where sometimes even the CEO doesn't have an assigned work area and is out on the floor among employees.

Many of the tech clients that Mottola is working with are coming from that environment, he said, a transition that the firm is keeping in mind when developing home office designs.

"They just sort of roam and float because they're all over the place," Mottola said. "And that same approach seems to be what they do in their personal life. It's that kind of extreme mobility."

Buyers on the hunt for new homes in the future are also going to want efficient space to accommodate a comfortable, better planned home office.

Employers are "toying with the idea that they'll let their people work more remotely going forward just as a new way of being more flexible," Mottola said. "That kind of impact to office design is going to also have that ripple effect on what people are looking for in their housing." That could even include rental properties.

Clients on the West Coast are also thinking about how to sustainably supply their homes with energy.

Some in more remote areas of Northern California, such as Carmel or Calistoga, have asked for generators to maintain power in case of an emergency like an earthquake or wildfire, Mottola said. A natural disaster or not, people are going to have to stay productive when working out of the home. 

"If they're needing to work remotely, they need their services to be really reliable," Mottola said.

Join the conversation about this story »

NOW WATCH: What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence

Meet the billionaires bankrolling Trump's 2020 campaign

$
0
0

trump thumbs up.JPG

  • President Donald Trump has fewer billionaire supporters than his presumptive opponent, former Vice President Joe Biden — despite Trump being a billionaire himself.
  • The wife of a disgraced investor who was granted clemency by Trump gave the president's campaign $12,500.
  • The billionaire founders of Ashley Furniture and Jimmy John's each sunk thousands of dollars into Trump's campaign.
  • Despite self-funding much of his 2016 bid, the president has not donated to his 2020 campaign.
  • Visit Business Insider's homepage for more stories.

Donald Trump may be America's first billionaire president — but he doesn't seem to have won the billionaire vote.

The president is trailing his presumptive opponent, former Vice President Joe Biden, in his number of billionaire donors, according to an analysis of federal campaign records by Forbes. Still, Forbes reports that Trump's campaign accepted donations from 90 billionaires during the current election cycle. While the president has added a few additional members of the three comma club to his donor roster, including West Virginia Governor Jim Justice, many of the president's billionaire backers donated in 2016, as well.

For some of Trump's donors, financially supporting the president came at a cost. Shoppers boycotted Home Depot after one of its cofounders pledged to donate a portion of his net worth to the president's reelection efforts in July. Fitness chains Equinox, SoulCycle, and Blink Fitness faced similar fates in August after news broke that Stephen Ross, the chairman of their parent company, planned to host a fundraiser for Trump.

That's not to say that Trump's donors haven't been treated well in other areas. One donor on this list serves as an informal advisor to the President, one was awarded the Presidential Medal of Freedom after donating, while others were granted clemency by Trump before writing donation checks.

Keep reading to learn more about some of the president's most notable billionaire supporters, listed in no particular order. Only donations made to Trump's campaign committee, Donald J. Trump For President, after his 2017 inauguration and reported to the Federal Election Commission are included.

SEE ALSO: A family feud, a real-estate empire, and a supermodel: Meet the family of 'coronavirus czar' Jared Kushner, Trump's son-in-law and top advisor

NOW READ: 'Concierge doctors' who charge $10,000 a month for house calls and easy access to coronavirus tests have been cast as the villains of the pandemic. We talked to 6 of them to hear what they think the real problem is.

West Virginia Gov. Jim Justice made a six-figure donation to Trump, just three years after joining the Republican party.

Amount donated: $100,000

Net worth: $1.2 billion

Source of wealth: coal

Before going into politics, Justice ran a coal mining business he inherited from his father, according to Forbes. Justice is a relatively recent addition to Trump's donor base. The governor switched from the Democratic Party to the Republican Party in 2017, six months after Justice was elected governor, Forbes reports. Justice donated to Trump's campaign for the first time in 2020.



Lori Milken, the wife of a disgraced investor Trump pardoned for securities fraud, donated more than $12,000 after her husband was pardoned.

Amount donated: $12,500

Net worth: $3.7 billion (attributed to Michael Milken)

Source of wealth: investments

Milken's husband Michael built the family's fortune trading junk bonds at investment bank Drexel Burnham Lambert, making $500 million a year during the 1980s, Business Insider previously reported. However, Michael Milken was banned from the securities industry after pleading guilty to charges of securities fraud in 1990. Michael and Lori Milken have since become full-time philanthropists, donating over $1 billion to cancer research.

Michael Milken was one of a group of nearly a dozen people convicted of white-collar crimes pardoned by Trump in February 2020, with a White House spokesperson citing his charity work as a driving factor behind the pardon. Milken also wasn't the only person in the group that was granted clemency to have donated to the president's campaign. The family of former construction company owner Paul Pogue, who had pled guilty to underpaying his taxes, donated more than $200,000 before Trump granted Pogue clemency. 

Lori Milken's donation purchased a ticket to attend a fundraising event hosted by First Lady Melania Trump scheduled for weeks after the pardon, but the event was later canceled because of the coronavirus pandemic, Forbes reported. Milken himself does not make political donations and is "strictly non-partisan," a spokesperson told Forbes.



Steve Wynn, the former CEO of Wynn Resorts, donated nearly half a million dollars to Trump's campaign.

Amount donated: $468,500

Net worth: $3.1 billion

Source of wealth: Wynn Resorts

Steve Wynn is the founder of Wynn Resorts, which owns several of Las Vegas' largest hotels including The Mirage, Treasure Island, Bellagio, and Wynn Las Vegas, according to Forbes

Wynn was also the Republican National Committee's finance chair until he resigned amid sexual misconduct allegations in 2018, per The Motley Fool. Wynn also left his posts as the CEO and chairman of Wynn Resorts. Wynn denied all allegations of wrongdoing.



After Trump awarded him the Presidential Medal of Freedom, Sheldon Adelson and his wife Miriam donated $1.16 million to the president. The Adelsons gave millions to Trump before the award, too.

Amount donated: $1.16 million

Net worth: $31.4 billion

Source of wealth: casino operator, Las Vegas Sands

Sheldon Adelson has been one of Trump's most prolific donors, giving more than $25 million to both of Trump's campaigns and his 2017 inaugural festivities combined, Business Insider previously reported. The Adelsons planned to continue their generosity throughout the 2020 election cycle and give more than $100 million to various Republican candidates, Republican fundraisers told The Guardian in February.

In November 2018, Trump awarded Adelson the Presidential Medal of Freedom. The selection of Adelson to receive the nation's highest civilian honor was highly criticized at the time, given Adelson's financial support of the president. Former government ethics chief Walter Shaub tweeted, "Every bit of government is for sale in the Trump administration. Every last bit," per Forbes.



Investor and Blackstone CEO Stephen Schwarzman is both a major donor and "informal advisor" to President Trump.

Amount donated: $699,400

Net worth: $17.7 billion

Source of wealth: investment firm Blackstone

Stephen Schwarzman built his multibillion-dollar fortune running private equity giant Blackstone, which he co-founded in 1985, according to Forbes.

While Schwarzman did not financially support Trump's 2016 campaign, the billionaire investor has since donated hundreds of thousands of dollars to Trump's reelection bid. Schwarzman also frequently advises Trump on relations on China, per The Washington Post



Hedge-fund manager John Paulson has given over half a million dollars between his donations to both of Trump's campaigns.

Amount donated: $331,372

Net worth: $4.2 billion

Source of wealth: hedge fund Paulson & Co. Inc.

John Paulson, 67, built his $4.2 billion fortune betting against subprime mortgages ahead of the financial crisis in 2007, per Forbes. Paulson has supported the President since 2016, having donated $250,000 to Trump's first campaign.



Edward DeBartolo and his wife Cynthia donated $3,000 before the president pardoned his fraud conviction.

Amount donated: $3,000

Net worth: $1.6 billion

Source of wealth: property developer DeBartolo Holdings

Edward DeBartolo made much of his fortune managing shopping centers, though his firm DeBartolo Holdings also owns restaurants, a logistics company, and a charter high school in Florida, according to Forbes. DeBartolo also formerly owned the San Francisco 49ers, but his sister Denise DeBartolo York took control of the team in 2001, per Forbes.

DeBartolo pled guilty to failing to report a felony in 1998 after paying former Louisiana Gov. Edwin Edward $400,000 for a riverboat gambling license. Trump pardoned DeBartolo in February, the Associated Press reported.



Texas banker Andrew Beal has given more money to the Trump Victory joint fundraising committee than any other individual billionaire.

Amount donated: $1,038,400

Net worth: $8 billion

Source of wealth: Beal Financial Corporation

Andrew Beal, 67, is a Texas-based banker and owner of Beal Bank parent Beal Financial Corporation. Before Trump was elected, Beal's bank was a major lender to Trump Entertainment Resorts, Forbes reported.

Beal donated $549,400 to Trump's 2016 campaign and has made several donations to the President's 2020 campaign totaling over $1 million, per Forbes.



Revlon investor Ronald Perelman donated $125,000.

Amount donated: $125,000

Net worth: $7.27 billion

Source of wealth: investment firm MacAndrews & Forbes, Revlon

Ronald Perelman, 77, built his fortune making leveraged buyouts of companies he believes to be undervalued across a wide variety industries, according to the Bloomberg Billionaires Index. Perelman also owns a $3 billion art collection and holds a large stake in cosmetics maker Revlon.

Perelman made a single large donation to Trump's fundraising committee in September 2017, Forbes reported.



Eccentric New York grocery billionaire John Catsimatidis and his wife Margo gave $115,000.

Amount donated: $115,000

Net worth: $3.3 billion

Source of wealth: New York City supermarket chain Gristedes Foods

John Catsimatidis made his fortune running a chain of New York City-area grocery stores and later expanded into oil refineries and gas stations, Business Insider previously reported.

The grocery titan is an avid Trump supporter, telling Bloomberg in August that "Trump has stood up against the problem at the borders ... Build a wall." Catsimatidis also hosts a politics-focused talk radio show which airs on several stations on Sunday mornings, called The Cats Roundtable.

John Catsimatidis made headlines in March after a New York Times report revealed that he had used a controversial facial recognition app to spy on his daughter's date. The app, called Clearview AI, uses a searchable database of photos scraped from across the web with potentially catastrophic privacy implications and is supposed to only be available to law enforcement, Business Insider reported at the time.



H. Ross Perot, Jr., the son of the late presidential candidate of the same name, gave Trump's campaign $85,000.

Amount donated: $85,000

Net worth: $2 billion

Source of wealth: real-estate development company Hillwood

H. Ross Perot, Jr., the son of presidential candidate H. Ross Perot, Sr., built his fortune running a real-estate development company that has built both industrial buildings and residential developments, per Forbes. The 61-year-old billionaire donated to Trump for the first time during the 2020 election cycle.



Philanthropist Elaine Langone, the wife of Home Depot founder Ken Langone, gave $5,000.

Amount donated: $5,000

Net worth: $4.2 billion (attributed to Ken Langone)

Source of wealth: home improvement retail chain Home Depot

Elaine Langone is the spouse of billionaire Home Depot founder Ken Langone. Home Depot's other cofounder, Bernie Marcus, also pledged to donate a substantial portion of his fortune to Trump's reelection bid in July, prompting boycotts of the home improvement chain.

Elaine Langone is also a noted philanthropist. She and her husband donated $300 million to NYU's hospital and medical school, and the medical center is named after them, according to Forbes.



Archie Aldis Emmerson, the third-largest landowner in the United States, donated $20,000.

Amount donated: $20,000

Net worth: $2.7 billion

Source of wealth: lumber producer Sierra Pacific Industries

Archie Aldis Emmerson founded Sierra Pacific Industries with his father in 1949, according to Forbes. The company has since grown to be the largest lumber producer in America, operating 14 lumber mills, per Forbes

Aside from politics, Emmerson has poured much of his fortune into real estate. Emmerson and his family own almost two million acres across the United States, Forbes reported.



Cablevision billionaires Charles and Helen Dolan donated $125,000.

Amount donated: $125,000

Net worth: $4.5 billion (attributed to Charles Dolan and family)

Source of wealth: Cablevision

Charles Dolan, founder of telecommunications giant Cablevision, donated to Trump for the first time during the 2020 election cycle, Forbes reported. Dolan founded Cablevision in 1973 and sold it for $17.7 billion in 2016.

Dolan also owns controlling stakes in the Madison Square Garden Co. (which owns the New York Knicks and the New York Rangers) and AMC Networks, per Forbes. The 93-year-old billionaire's son James Dolan is MSG's CEO, according to Forbes.



Houston Rockets owner Tilman Fertitta donated $140,000.

Amount donated: $140,000

Net worth: $4.8 billion

Source of wealth: restaurants, Houston Rockets

Tilman Fertitta is the billionaire restaurateur behind Landry's Seafood House, Bubba Gump Shrimp Co., and Saltgrass Steak House, according to Forbes. Fertitta first got into food service by working at his father's seafood restaurant after school, Forbes reported.

Fertitta purchased the Rockets for $2.2 billion in 2017. The Rockets are currently worth, $2.47 billion, according to Sports Illustrated.



Ashley Furniture founder Ronald Wanek gave $170,000 towards the president's reelection efforts.

Amount donated: $170,000

Net worth: $2.5 billion

Source of wealth: Ashley Furniture HomeStore

Ron Wanek grew Ashley Furniture, the home goods retailer he purchased in 1976, into the country's largest furniture manufacturer, according to Forbes. Wanek did not financially support the president's 2016 campaign, giving for the first time during the current election cycle, Forbes reported.



Washington Redskins owner Dan Snyder donated $100,000.

Amount donated: $100,000

Net worth: $2.6 billion

Source of wealth: marketing firm Snyder Communications

Dan Snyder made his multibillion-dollar fortune selling his marketing firm Snyder Communications for $2.1 billion in 2000, according to Forbes. Snyder spent a chunk of it purchasing the Washington Redskins in a blind auction for nearly $800 million in 1999, The Washington Post reported. Despite decades of protests and outrage from fans over the team's name, Snyder has refused to change it.



Early Microsoft employee Charles Simonyi gave $200,000.

Amount donated: $200,000

Net worth: $4.3 billion

Source of wealth: Microsoft

Charles Simonyi, 71, was the fortieth employee at Microsoft and went on create Microsoft Word and Excel, per Forbes. The Hungarian billionaire left Microsoft in 2002 to found his own software company but later sold that firm to Microsoft and rejoined the company, Business Insider previously reported.

Simonyi is also an amateur astronaut, having flown to space as a tourist in 2007 and 2009, Business Insider previously reported.



Estée Lauder heir Ronald Lauder gave $200,000.

Amount donated: $200,000

Net worth: $4 billion

Source of wealth: cosmetics brand Estée Lauder

Ronald Lauder is the youngest son of makeup mogul Estée Lauder and inherited her cosmetics empire, according to Forbes.

Lauder currently serves as the chairman of Clinique Laboratories but has spent time in politics as well, according to Forbes. Lauder was a deputy assistant secretary of defense for NATO affairs and the American ambassador to Austria, and is one of Trump's informal advisors on Israeli relations, per Forbes.



Peter Thiel, one of Trump's only supporters in Silicon Valley, gave a quarter-million dollars to each of Trump's presidential campaigns.

Amount donated: $250,000

Net worth: $2.3 billion

Source of wealth: venture capital, PayPal, Facebook

Peter Thiel made a fortune co-founding PayPal and grew his net worth by investing early in Facebook, according to Forbes. Thiel has been an outspoken supporter of Trump for years, famously moving his home and his personal staff from the Bay Area to Los Angeles because Silicon Valley felt like a "one-party state."



Qatar Airways added new restrictions to its unlimited change policy 3 days after it was announced and the sub-$500 fares are gone

$
0
0

Qatar Airways Boeing 777

  • Qatar Airways is changing aspects of its new flexible booking policy that allows unlimited changes.
  • Only announced on Thursday, the airline is now implementing a waiting period before the first change is made and requiring the same fare class be available when rebooking.
  • The sub-$500 fares from the US to Central Asian cities at the crossroads of Europe and Asia are also gone with the cheapest fares from the US on the airline now at around $700. 
  • Visit Business Insider's homepage for more stories.

Less than 72 hours following its initial too-good-to-be-true announcement, Qatar Airways is starting to roll back some of the freedoms of its new flexible booking policy that allows unlimited and fare difference-free changes to bookings made before September 30, 2020.

The original terms of the offer stated that once a booking was made, passengers could immediately change their destination to any city served by Qatar Airways within 5,000 miles of the original endpoint, as well as change the origin city as long as it was in the same country. Even the dates could also be changed with no change fee or fare difference being levied whatsoever. 

This meant that a ticket from Washington, DC to Yerevan, Armenia could be changed to Los Angeles to Singapore as soon as it was ticketed with no penalty, as long as the trip was completed before the end of 2020. As of Saturday afternoon, round-trip tickets between Washington and Yerevan were selling for $494, one of the cheapest of any Qatar Airways routing from the US, according to Google Flights.

As of Saturday evening, however, Qatar Airways began removing the cheaper fares from its system, making the new cheapest itinerary from the US at the time of writing a $694 round-trip between New York and Sofia, Bulgaria. Unlike Yerevan, however, the Eastern Europe city is more than 5,000 miles from popular Asian destinations including Tokyo, Hong Kong, and Singapore. 

The airline also implemented a few additional clauses into the policy over the weekend after the original announcement, listed on its website and reported by The Points Guy, to make it somewhat more restrictive. New customers must now wait 14 days after ticketing to make their first change and their desired new itineraries must have the same booking class available for it to be free of any fare differences. 

The carrier's website now states: "Rerouting for voluntary purposes (i.e. where there has been no flight disruption) is possible 14 (fourteen) days after making the booking. New flights must be booked in the same booking class (RBD), be operated by Qatar Airways, and can be changed within the same country of origin and/or within a 5,000 (five thousand) mile radius from the original destination booking. If the same booking class is not available, a fare and taxes difference may apply."

Qatar Airways didn't respond to a request for comment by Business Insider about the policy change or how many new bookings they received since the start of the promotion.

Thrifty travelers also hoping to book cheap Qatar Airways fifth freedom flights, where flights operate between two points not within Qatar including between Sao Paulo, Brazil, and Buenos Aires, Argentina, cannot participate in the new booking scheme. 

No other changes were implemented and, for the most part, the policy is one of the most generous to be offered by an airline but only if new customers are willing to the pay the higher prices, wait the 14 days, and be willing to be flexible in case their new desired itineraries do not have availability in their fare class. 

SEE ALSO: See inside the the world's largest private jet: a Boeing 747 with an interior so large it took 4 years to design and build

DON'T MISS: This Boeing 737 Max private jet interior design looks more like a futuristic spaceship than it does a private jet

Join the conversation about this story »

NOW WATCH: Pathologists debunk 13 coronavirus myths

The helicopter company that operated Kobe Bryant's fatal flight got more than $600,000 in coronavirus stimulus money from the Treasury Department

$
0
0

Kobe Bryant Gianna Bryant

  • The company that operated the helicopter that crashed in January, killing basketball legend Kobe Bryant, his daughter Gianna, and seven others on board, received $603,838 in coronavirus stimulus aid, Treasury Department records show.
  • Island Express is facing at least three wrongful death lawsuits related to the crash that killed Bryant.
  • The CARES Act funds were intended to prevent aviation companies from laying off their employees during the coronavirus crisis.
  • Island Express suspended flights after the infamous crash in January, but other helicopters registered to them appear to have recent flight data.
  • Visit Business Insider's homepage for more stories.

The helicopter company behind the fatal crash that killed Kobe Bryant, his daughter, and seven others on board, was one of 202 passenger air companies given coronavirus stimulus checks.

A list of recipients published by the Treasury Department show that the helicopter operator, Island Express Helicopters, Inc., received $603,838 on May 1. The Long Beach, California-based helicopter company has been the source of immense scrutiny since a helicopter flight it operated for NBA legend Kobe Bryant crashed on January 26, instantly killing Bryant and everyone else on board, including Bryant's 13-year-old daughter Gianna, the pilot, and six other passengers.

Island Express now faces at least three wrongful death lawsuits related to that crash, including one from Vanessa Bryant. Investigators said the helicopter was flying through dense fog when it crashed into a hill. Their final report is still forthcoming. The complaint on behalf of crash victims Christina Mauser, and Alyssa, John, and Keri Altobelli claims that Island Express and its holding company "negligently and carelessly breached their duty to own, lease, manage, maintain, control, entrust, charter, and operate" the helicopter in question "in a reasonable manner," according to court documents read by Business Insider.

In response to Vanessa Bryant's suit, Island Express said that all passengers "had actual knowledge of all of the circumstances, particular dangers, and an appreciation of the risks involved and the magnitude thereof," People Magazine reported on May 12.

Business Insider's Graham Rapier reported in April that the company suspended all flights following the crash that killed Bryant. It's unclear whether they've since resumed flights, though FlightAware appears to indicate recent flight history for other helicopters registered to Island Express

A spokesperson for Island Express declined to comment when reached by Business Insider.

Island Express wasn't the only controversial private flight operator that benefited from the CARES Act, which was intended to buoy the American economy amid the coronavirus crisis. According to aviation blog Private Jet Card Comparisons, which first reported the payouts, a North Carolina-based private jet operator that the FAA accused of using unaccredited pilots in April received $158,775.

The funds were allocated under a provision of the CARES Act that provides payroll support to aviation companies in an effort to prevent layoffs, according to the Treasury Department. The aviation industry has been decimated by the coronavirus crisis as public health officials have asked Americans to stop nonessential travel.

SEE ALSO: Kobe Bryant was one of many multimillionaires who rely on helicopter commuting to beat traffic. Here's how much these services cost — plus the risks involved.

DON'T MISS: There are only 6 billionaires in Hollywood. Here's how these celebrities became so much richer than their peers.

Join the conversation about this story »

NOW WATCH: A cleaning expert reveals her 3-step method for cleaning your entire home quickly

A day in the life of a private chef in NYC, who has been taking the subway to his clients' homes throughout the pandemic and cooking them meals like beef ribeye and kale salad

$
0
0

WR Client Apartment Selfie v4

  • Joshua Carroll is a private chef based in Brooklyn who cooks for clients in SoHo and the Upper East Side, among other New York City locations.
  • The coronavirus pandemic has drastically changed how Carroll commutes to his clients' homes and shops for ingredients.
  • Subway platforms are eerily empty, the once-buzzing Eataly marketplace in downtown Manhattan only lets 30 people in at a time, and Uber drivers use plastic wrap to shield themselves from customers in the back.
  • Here's what a typical day on the job looks like for private chef Joshua Carroll during the coronavirus pandemic, from the time he wakes up to the time he goes to bed.
  • Visit Business Insider's homepage for more stories.

Before COVID-19, private chef Joshua Carroll cooked for eight to 10 clients in New York City per week and averaged one to two dinner parties per weekend, some as large as 45 people.

In the age of social distancing and with the New York State on Pause executive order in effect through June 13, dinner parties are off the table.

Now, Carroll prepares food for just a handful of steadfast clients, traveling from his apartment in Brooklyn to their homes in Manhattan once or twice a week. With face mask on and gloves at the ready, he navigates a new world of empty grocery stores and eerily silent subway rides.

Carroll has been a private chef for two years. In April 2018, after working the New York City restaurant circuit — notably at Craft, an upscale farm-to-table restaurant in Gramercy, and The Musket Room, a Michelin-starred restaurant in Nolita focused on New Zealand cuisine — he joined The Culinistas, a network of private chefs for hire. Last year, he left to pursue his own brand.

Here's what a typical day looks like for private chef Joshua Carroll during the coronavirus pandemic.

SEE ALSO: An elementary school teacher in San Francisco gives an inside look into life inside his virtual classroom amid the coronavirus pandemic

DON'T MISS: A day in the life of a Deutsche Bank managing director who used to travel 10 days a month for work and is now hunkering down in New York's Catskill Mountains during the pandemic

Joshua Carroll, a private chef based in Brooklyn, typically wakes up around 7:30 am.



To start his day, he likes to get his blood flowing. Since gyms are closed due to the coronavirus, he has been running outside or doing cardio on his rooftop.



After working out and showering, Carroll sits down at his kitchen table around 9:30 a.m. with a cup of coffee for about an hour to review the day's menu and his shopping list.

Two to three days before Carroll shows up at a clients' home, he reaches out to them with a suggested menu based on what they liked or didn't like from the weeks before and make revisions accordingly.



Next, he packs up his Messermeister Chef Backpack with an assortment of essential tools and tools that clients may not have — like an oyster shucker and melon baller — as well as sanitary gloves.

Carroll also brings extra hand towels so that the client doesn't have to do laundry, blue tape to label dishes he'll be preparing, and one to two aprons (he owns about a dozen). If he's feeling fancy, sometimes he'll pack his chef's jacket.

Even on sunny days, he brings an umbrella because he's been stuck in the rain on the job "far too many times."

"It doesn't look good when you show up to a client's house wet, he said," he told Business Insider.



With mask and backpack on, he heads out around 11 a.m. to pick up groceries before heading to his clients' apartment in SoHo.



Shopping plus transit typically takes Carroll between 1.5 to two hours, but lately, he's been factoring in more time, since trains aren't running as often as they did before the pandemic, and arrival times are often incorrect.



The days of subway cars packed with people feel like a distant memory to Carroll. "Riding the subway now is, for lack of a better word, creepy because there's nobody around," he said.



Carroll typically heads to Whole Foods, but sometimes heads to Eataly depending on the client. Shopping experiences at both have changed drastically. Eataly, for example, now allows just 30 guests in at a time.



Shoppers are also required to sanitize their hands when they walk in and wear gloves when handling unpackaged fruits and vegetables. Only five people are allowed in the produce section at a time.



Before the coronavirus, Eataly would be full of people eating pizza and drinking wine at midday on a Tuesday, Carroll said. Now, it's far from bustling.



Some clients have placed orders through InstaCart, an online grocery shopping service, which has forced Carroll to get creative since shoppers for the service don't always know what to look for in certain ingredients.



Groceries in hand, Carroll heads outside to hail an Uber ⁠— but not before pausing to stand in the middle of what used to be "crazy busy" street to snap a photo.



Almost every Uber that he has taken in the past few weeks has been plastic-wrapped in some capacity to create a barrier between the driver and customer.

 

 



Once Carroll arrives at the client's around 1 p.m., he immediately washes his hands, then changes into an apron, turns on the oven, unpacks his groceries, and sets up his cooking station.

 

 



Carroll now cooks with a mask on and washes his hands as often as possible, using gloves when dealing with meat that will be served raw. His clients are around, but keep their social distance.



The next four to five hours are Carroll's favorite time of day. Carroll puts on a true crime podcast and gets to work cooking five to seven meals. He frequently skips lunch, since he taste-tests each dish he prepares.



Carroll cooks enough food — a mix of proteins and sides — to last clients five to seven days, though some opt for an abbreviated menu — either four larger meals or five to seven smaller ones — twice a week.



Carroll puts gloves back on to package the meals, then begins cleaning up. He often leaves a small note with instructions, such as which meals to eat first (always fish) and how to reheat certain dishes.



Mission accomplished, Carroll heads back to Brooklyn on another empty subway ride.



Once home, Carroll relaxes for a while since he was on his feet for most of the day and files client paperwork as necessary.

"I have a client who requests the meals calories to be included in her service for an extra fee, which I will add up after the service," he told Business Insider.



After an afternoon of taste testing, Josh usually isn't hungry until around 10 p.m. and will have a healthy, light meal. He heads to bed by midnight.



"Demand has definitely changed because of the worry," Carroll said, noting that dinner parties — on hold for the foreseeable future due to social distancing mandates — pay twice as much as food prep services.

Carroll thinks that the broader restaurant industry may take years to recover. It's going to be "tough for a while," he said he but is hopeful that demand for private chefs will bounce back as New York begins to reopen.

 

 




PRESENTING: A real estate investor who was able to retire at the age of 37 breaks down how he makes $15,000 a month in passive income

$
0
0

Real estate/suburbs

On a recent episode of the podcast "The Side Hustle Show," hosted by Nick Loper, real estate investor Dustin Heiner explained how he was able to retire at the age of 37 by investing in rental properties.

What started out as a side gig back in 2006 transformed into Heiner's full-time line of work by 2016. Now he earns roughly $15,000 a month in passive income.

On the podcast, Heiner laid out how he was able to build up the passive income he earns each month, and the steps he suggests every investor takes before buying a property. 

Subscribe now to read:

A real estate investor who was able to retire at the age of 37 breaks down how he makes $15,000 a month in passive income

Join the conversation about this story »

NOW WATCH: Why electric planes haven't taken off yet

5 designs for the post-coronavirus office that the most cash-strapped companies can adopt

$
0
0

Office Re Entry Plan

  • Offices will have to look different when they welcome employees back if they're going to meet CDC social distancing guidelines.
  • Bergmeyer, a Massachusetts-based architecture firm, sent Business Insider five renderings that show cost-effective adjustments it recommends that would require minimal effort. 
  • The renderings reimagine five spaces: the reception, conference room, general office area, team meeting room, and the kitchen.
  • Visit Business Insider's homepage for more stories.

Using its own office as an inspiration, a Massachusetts-based architecture firm generated renderings to display how companies can quickly and effectively readjust their work space to enforce CDC social distancing guidelines.

Bergmeyer, which has locations in Boston and Los Angeles, will begin letting some employees back into its Boston office starting Monday, May 18.

The company has created a reentry plan that includes things like in-office physical distancing guidelines, daily cleaning procedures, and visitor policies.

Using five renderings, Bergmeyer made minimal-effort and cost-friendly changes to its office space  These include adding floor markers, one-way traffic arrows in hallways, and removable dividers for each desk, while removing furniture so as to limit room occupancy.

"Using our own office as a test case, we set out to create an office reentry plan that turns the theoretical into actionable for ourselves and other businesses to move forward with wellbeing at the forefront," Bergmeyer explained.

The office spaces that have been rendered are the reception, conference room, work area, a team meeting room, and the kitchen.

SEE ALSO: Millennials and baby boomers were both expected to shake up the housing market in 2020. Here's how the pandemic has changed the market for both generations — and why boomers are likely to emerge the winners.

DON'T MISS: Staggered arrival times, decluttered high-traffic areas, and plexiglass between workers: How new safety protocols at a $7.5 billion manufacturer foreshadow the new normal for millions of Americans

Bergmeyer will open its office in three phases.

The first phase will last from May 18 to June 5. During this time, Bergmeyer will have 25 employees coming back to the office in staggered shifts, and 13 will be allowed in each day.

The second phase will last from June 8 to June 26. During this phase, the company will have 50 employees back at the office in staggered shifts, 25 will be allowed in each day.

Then, in the third phase, which will run from June 29 to July 17, Bergmeyer will have all 80 employees back in the Boston office operating in scattered shifts,  with up to 40  allowed in each day.

In addition, when it comes to visitors, they will refrain from having vendor informational presentations or lunch-and-learns in the office until July 3.



The reception area.

The main entry area in the Bergmeyer office has been reimagined to include a welcome sign that lays out the physical-distancing guidelines for the office. Signs like the one in the main area are scattered throughout the office to encourage employees to follow social distancing guidelines. 

In addition, there are floor markers throughout the office that Bergmeyer refers to as "physical-distancing circles." The floor marker in the main entry area indicates where people should stand when they are engaging with the receptionist or waiting for someone to drop something off.

"It's really interesting how quickly people want to resort back to their social norms and typical behavior in a space," Bergmeyer's VP Rachel Zsembery told Business Insider. It can be hard stick by the six-feet-apart rule, so the floor marker is there to serve as a visual reminder, especially in places where there will likely be more than one person congregating.



An example of the signs in the office.

According to Bergmeyer, the signs around the office are written in a tone of voice that "infuses [the] brand's personality as a reminder that we are all in this together." 



One-way traffic arrows.

Arrows throughout the office will help keep foot traffic in hallways and public spaces limited. 

 



The work area.

Bergmeyer made subtle changes to the work area.

To meet CDC physical-distancing guidelines, they implemented staggered seating arrangements. The transparent chairs and computers in the rendering represent the spaces that are left empty. With this design, employees are not directly facing each other.

In addition to staggered seating, they have added removable dividers to each desk. 

All of Bergmeyer's Boston employees work in an open space. In fact, several years ago, all the private offices were converted into small meeting rooms.

"We had dividers between each one of the work stations, but over the years people had removed them as they wanted to become closer to their colleagues and work more collaboratively," Zsembery told Business Insider. "Luckily, we saved them all." 

The company has also instituted a "Clear Desk" policy that requires all employees keep their horizontal desk surfaces clear so that they can be cleaned by the staff at the end of each work-day.



Conference rooms.

In the conference rooms, Bergmeyer has limited the number of people who can be in there at once. The transparent chairs in the rendering represent the chairs that have been removed. 

Floor markers around the conference table represent where each existing chair should be placed. Zsembery told Business Insider that the markers are there to make sure that the chairs aren't placed too close to one another.

In addition, each team room and conference room in the office has signage outside, stating temporary maximum occupancy levels.

"What we looked at doing, first and foremost, was 'how do we repurpose and reuse the smaller and larger conference spaces that we have,'" Zsembery explained. "So our first thought was to create a new temporary occupancy maximum for each one of these spaces."



The kitchen/communal area.

The rendered kitchen area displays many of the same tools seen throughout the office. 

The clear chairs represent removed furniture and a floor marker has been placed in the entry way to the kitchen. Starting May 18, only one person will be allowed in the kitchen at any time, and only three people will be allowed in the bathroom at once.



New Zealand's most expensive home ever, a 2-floor penthouse that rises above the clouds and comes with a butler's kitchen, just hit the market. Here's a look inside.

$
0
0

Pacifica home New Zealand

  • The Pacifica Super Penthouse, located on the top two floors of New Zealand's tallest residential building, is on the market for $24 million, Bloomberg first reported.
  • If bought for its asking price, the penthouse will be most expensive single-family home sale ever recorded in New Zealand, beating a seven-bedroom home that sold in 2013 for $23.6 million, according to Bloomberg.
  • Buyers have the option to design the penthouse themselves or leave the interior design to the tower's developers.
  • Jason Gaddes and Scarlett Wood of New Zealand Sotheby's International Realty hold the listing.
  • Take a look inside the Pacifica Super Penthouse, which rises above the clouds, looks out over Auckland's harbor, and comes with a separate butler's kitchen.
  • Visit Business Insider's homepage for more stories.

SEE ALSO: Australia and New Zealand are reportedly considering a 'travel bubble' between the two countries as they begin to lift lockdown measures

The Pacifica Super Penthouse, located on the top two floors of New Zealand's tallest residential building, is on the market for $24 million.

Source: Bloomberg



The Pacifica tower is on track to open later this year in downtown Auckland. It'll have 295 apartments.

Source: The PacificaThe Pacifica 



Occupying the 53rd and 54th floors, the Super Penthouse boasts sweeping views of Auckland's Waitemata Harbour, and if sold at asking price, will be the most expensive home sale in New Zealand's history.

Source: Bloomberg, Sotheby's International Realty



The buyer can opt to design the penthouse themselves and purchase it at a slightly lower price, or have the developer follow through with its proposed layout.

Source: Bloomberg



Current plans for the 53rd floor propose an open-concept living area ...

Source: Sotheby's International Realty



... a conservatory ...

Source: Sotheby's International Realty



... as well as a luxury kitchen and dining area, complete with a butler's kitchen, wine cellar, and tasting room.

Source: Sotheby's International Realty



Plans for the 54th floor include a spa and sauna, five guest bedrooms, and a master bedroom with views for days.

Source: Sotheby's International Realty



Foreign buyers interested in the penthouse are exempt from having to obtain approval by the Overseas Investment Office, the developer's New Zealand manager Elizabeth Scott told Bloomberg. Scott also said that 85% of the building's apartments have already been sold.

Source: Bloomberg



From Celine Dion's personal water park to Michael Jordan's pool with its own island, these are the wildest features celebrities have in their homes

$
0
0

Celine dion mansion water

Celebrities are regularly selling and buying expensive homes across the country, leaving their personal style on mansions, penthouses, and chalets. 

The result is extremely expensive homes with some wild and totally bizarre features. Some A-listers had fancy interiors added, such as flat sinks or car elevators, while others have built luxury wine rooms, bowling alleys, and even mini dog mansions. 

Take a look at some of the wildest features celebrities have built in their homes.  

FOLLOW US: Insider is on Facebook

Michael Jordan's 56,000-square-foot mansion has an infinity pool with a grass island in the middle of it. The house also has a lavish cigar room.

Michael Jordan's house in Chicago has been on the market for eight years, giving buyers a glimpse into his sprawling estate. The backyard is filled with amenities, including a tennis court and a pond. But most notably, the basketball star has a giant infinity pool with a grass island at the center. A small, modern-looking bridge extends from the edge of the pool to the island. 

The house also has an ornate cigar room, which contains an elaborate ceiling design and handrails. The room also has card tables, which is where Jordan most likely exercises his love of gambling. 



Drake has a nearly $400,000 mattress that is made of stingray skin and horsehair.

Drake's interior designer, Ferris Rafauli, partnered with Swedish company Hastens to create a mattress made of compressed leather, polished wood, suede, and brass adornments. The mattress — known as the Grand Vividus — also includes horsehair, stingray skin, polyester, and handwoven textiles. 

The Grand Vividus takes 600 hours to create and costs $390,000. 



Kylie Jenner has a mini mansion in her backyard that acts as a playhouse for her daughter.

For Christmas 2019, Kris Jenner gave Kylie Jenner's daughter, Stormi, a playhouse. But this is no ordinary playhouse. It's life-size and has appliances, a balcony, an outdoor patio, a functioning air-conditioning unit, and a fake fireplace. Kris and Kylie revealed the new digs in a YouTube video, where Kylie said the mini mansion reminds her of the playhouse she had growing up. 



Nicole Kidman's apartment in New York City has an elevator for her car.

In 2010, the actress and her husband, Keith Urban, bought an apartment in Chelsea for $10 million. The apartment is 3,248 square feet and has three bedrooms, 23-foot ceilings, floor-to-ceiling windows, and two terraces. But there's one feature that is most notable: the car elevator. The elevator brings Kidman and Urban's cars straight from the street to the apartment door. 



DJ Khaled's Miami mansion has a closet that was built to fit 500 pairs of sneakers.

After spending $2.5 million renovating his Miami home, DJ Khaled filled his mansion with some over-the-top amenities, like 14k gold chandeliers, a boat lift, a granite staircase, and a private movie theatre. Most notably, however, the home also includes a huge sneaker closet that can house 500 pairs of shoes. The storage space also has a rolling library ladder so the DJ can access the hard-to-reach sneakers. 

DJ Khaled put the mansion up for sale in December 2018, and a year later it still has not been sold.



Kim Kardashian and Kanye West's minimalist home is known for its bathroom sinks.

Kim Kardashian and Kanye West have multiple homes, but their mansion in Hidden Hills, California, is their prime residence. The 15,667-square-foot mansion cost $20 million and is known for its minimalist, white decor.

In April 2019, however, the home went viral after Kardashian showed off her bathroom sinks in Vogue's "73 Questions" video. The internet was completely baffled as to how the flat sinks worked — but she later explained they had a slight slope that guided the water into a slot, which served as a drain. It's estimated that the sinks could cost over $20,000.



Oprah's ski chalet in Colorado has a wine room that resembles a mining cave.

In 2016, Oprah bought a $14 million, 8,700-square-foot ski chalet in Telluride, Colorado, and it's filled with some wild features. The house includes a $70,000 limestone bathtub, a private spa, and a hot tub. Most notably, the house also has a wine cave, which is 56 feet long and holds 1,600 bottles of wine. There's an old mining cart down there that runs on rails. It cost $240,000 to install the cave in the media mogul's house. 



However, Oprah's main residence is in Montecito, California, and it has its own teahouse.

In 2001, Oprah bought a 42-acre estate in Montecito, California, for $52 million, and it's now dubbed "The Promised Land." The estate has six bedrooms, 14 bathrooms, two theatres, a wine cellar, and a barn. The estate even comes with its own teahouse, which is where the media mogul goes to read, meditate, and, well, drink some tea. 



Meanwhile, Jennifer Lopez's house has its own private vineyard.

Jennifer Lopez bought her mansion in Bel Air, California, for $28 million. The house is 14,000 square feet with seven bedrooms and 13 bathrooms. The amenities of this estate are incredible, such as the 30-person home theatre, an amphitheater, a greenhouse, a swimming pond, a private beach, and a massage room. The estate even has its own vineyard.



Bill Gates' $127 million mansion has a trampoline room.

Located in Medina, Washington, Bill Gates' mansion is known as Xanadu 2.0, and it has some wild amenities and features. For example, the house has 18.75 bathrooms, six kitchens, an underwater music system in the pool, a reception hall, and a home theater. There's also a trampoline room with 20-foot high ceilings as part of the home's 2,500-square-foot exercise facility.



Paris Hilton spent over $300,000 to build a separate mansion for her dogs.

While dog houses are common in most backyards, Paris Hilton took hers a step further. In the backyard of her Los Angeles mansion, she has a smaller mansion next to her pool for her five dogs. The smaller mansion is two floors and has a second-floor balcony. The Spanish-style dog house cost the social media and reality star $325,000.



Shaquille O'Neal has an oversized mansion in Orlando, Florida, which includes a 30-foot-wide bed.

Former NBA player Shaquille O'Neal bought a 31,000-square-foot mansion in 1993, and everything inside is fit for a basketball player. The chairs in the dining room are oversized and the fireplace stretches two stories high. Most bizarrely, the home includes a 30-foot-wide bed, which has a Superman logo on the bedspread.

Shaq spent 25 years in the house, but he put it up for sale in 2018 for $28 million, according to Realtor.com.



John Travolta's house has a private airport where he can take off and land a plane right in his front yard.

Actor John Travolta is a member of a private aviation community known as Jumbolair. The 550-acre community in Ocala, Florida, has the largest private runway in the US, which can accommodate a Boeing 737. Travolta, who is also a licensed pilot, has lived in the community with his wife, Kelly Preston, for years. In fact, there are two runways that lead to the actor's house where he can take off and land his private planes. 



Lady Gaga's Malibu house has a bowling alley in the basement.

When Bradley Cooper convinced Lady Gaga to star alongside him in "A Star is Born," he did so at her Malibu mansion. The $22.5 million home was also the backdrop for the musician's Netflix documentary, "Five Foot Two." The home has dozens of amenities, including a private terrace and a large eat-in kitchen. But the real surprise is the two-lane bowling alley in the basement, which you can only access through a secret door in the living room, according to Realtor.com. The basement also has a movie theater, a wine cellar, and a bar.



Taylor Swift had an indoor swimming pool in the basement of her New York City home.

While most homes in New York City are tight on space, Taylor Swift managed to get a pool in the basement of her West Village apartment. The pool stretches 30 feet and has a chandelier hanging above. The 5,500-square-foot townhouse also has four bedrooms and six full bathrooms. The house sold in 2019 for $11.5 million.



Celine Dion once had a private water park on her estate.

The musician once owned a 20,000-square-foot home in Jupiter Island, Florida, which had 13 bedrooms and 14 bathrooms. The home also had a golf simulator, a tennis court, and a guest house. But the house's wildest feature was actually in the backyard — a water park, which included two pools, two water slides, water cannons, and a lazy river.

The house sold for $38.5 million in 2017 after being on the market for four years. 



Like Celine Dion, Tiger Woods' home is on Jupiter Island, but his property has a four-hole golf course.

In 2006, Tiger Woods bought 12 acres on Jupiter Island, Florida, for $40 million. On the property, there is a 9,000-square-foot house that has a gym, a media room, a running track, and a wine cellar. Perhaps most impressive, the property also has a four-hole golf course so the athlete can practice golf at home.



Tommy Hilfiger's penthouse in the famous Plaza Hotel in New York had an Eloise-inspired room.

The Plaza Hotel is arguably the most famous hotel in the country, and many celebrities have called it home at one time or another. When Tommy Hilfiger lived in the penthouse, it was expertly decorated and included Plaza-inspired decor and furniture. The hotel is also known as the setting for the children's series "Eloise at the Plaza," so it's fitting that Hilfiger made an entire room dedicated to the character. It's called the Eloise Dome because it sits in a domed-shaped room. He even had the series' original illustrator draw on the room's walls. 

In 2019, the penthouse sold for $31.25 million.



The 9 best small business credit cards for earning rewards while keeping personal and work-related expenses separate

$
0
0

Best Small Business 4x3

 

 

The best small business credit cards:

  • Best sign-up bonus: Ink Business Preferred® Credit Card
  • Best for premium travel benefits: The Business Platinum® Card from American Express
  • Earns travel points with no annual fee: The Blue Business® Plus Credit Card from American Express
  • Best cash-back business card: Capital One® Spark® Cash for Business
  • Earn 2x miles no matter what you buy: Capital One® Spark® Miles for Business
  • If you want to maximize Chase Ultimate Rewards points: Ink Business Unlimited℠ Credit Card
  • Best for big spenders: American Express® Business Gold Card
  • If your business spends a lot on office supplies and wireless: Ink Business Cash℠ Credit Card
  • If you only use one business credit card: Brex Corporate Card for Startups and the Brex Corporate Card for Ecommerce

Whether you're a freelancer, someone with a side gig, or you run a business with 15 employees, keeping your personal and business finances separate is vital. Even if you're a sole proprietor using your personal checking account, things can get muddy quickly when you're cutting personal and business checks from the same account. That's where business credit cards come in.

If you work solo and work under your own name and social security number (rather than a business name), getting a business card will help you keep expenses separate, and protect your own credit profile and assets. Even the smallest of businesses are eligible for business credit cads, such as freelancers, individuals with side gigs, or even people who resell things on eBay.

If you're a bigger business— or aspire to grow into one, with employees and more resources — a business credit card will not only help separate expenses, but it will also help you establish business credit, so that you have flexibility later on with loans and leases. Plus, you can get additional authorized cards for employees as needed.

 Ink Business Preferred® Credit Card

Best sign-up bonus: Ink Business Preferred® Credit Card

Welcome offer: 100,000 Ultimate Rewards points when you spend $15,000 on the card in the first three months of account opening

Annual fee: $95

Earning rates: 3 points per dollar on the first $150,000 your business spends on combined purchases each cardmember year on travel, shipping, internet/cable/phone, and advertising on social media sites or with search engines. Purchases after you reach $150,000, or in any other category, earn 1 point per dollar.

Standout benefits:Cell phone protection, primary car rental insurance

If you're looking to earn valuable, flexible rewards points on your small business spending, the Chase Ultimate Rewards (UR) ecosystem is among the best options. If you already have one of Chase's popular personal rewards cards — like the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®— the Ink Business Preferred® Credit Card is an ideal business card companion.

Like those cards, the Ink Business Preferred® Credit Card earns UR points, and while you can keep them on that card and separate from the rest of your stash, you can also combine them with the rest of your points. These points can be traded for cash back, transferred to frequent flyer and hotel loyalty partners, or used to purchase travel with a 25% bonus (or a 50% bonus if you move your points over to your Chase Sapphire Reserve®). 

Read more about the Ink Business Preferred:

The Business Platinum Card® from American Express

Best for premium travel perks: The Business Platinum® Card from American Express

Welcome offer: 75,000 Membership Rewards points (after you spend $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership). 

Annual fee: $595

Earning rates: 5 points per dollar on flights and prepaid hotels booked at amextravel.com, 1.5 points per dollar on purchases of $5,000 or more (up to 1 million additional points per year), 1 point per dollar on everything else

Standout benefits: 

  • Up to a $200 annual airline fee credit
  • Access to airport lounges include Centurion lounges, Priority Pass lounges, and Delta Sky Clubs (when you're flying Delta)
  • Up to $200 in Dell statement credits annually for U.S. purchases (divided into up to $100 between January and June and up to $100 between July and December)
  • Get 35% of your points back when you use Pay With Points to book an economy flight with your selected airline or a business- or first-class flight with any airline

The small business version of American Express' famed Platinum Card used to be our pick for the top business card, but the annual fee has since increased and it's become a bit more of a niche product — potentially useful for mid-sized businesses that spend a lot on flights and travel, but less valuable for sole proprieters and very small operations.

Read more about the Business Platinum card:

The Blue Business® Plus Credit Card from American Express

Earns travel points with no annual fee: The Blue Business® Plus Credit Card from American Express

Welcome offer: N/A

Annual fee: $0

Earning rates: 2 Amex Membership Rewards points per dollar on the first $50,000 in spending every year (after that, it's 1x point).

Standout benefits: No annual fee, 0% introductory APR on purchases and balance transfers for the first 12 months of account opening (then a variable rate of 13.24%-19.24%)

The The Blue Business® Plus Credit Card from American Express doesn't usually have a welcome offer, and that might be enough to turn many people away from it. However, it's the rare points-earning business card that doesn't charge an annual fee; you'll earn 2 points per dollar on the first $50,000 you spend each year, with no bonus categories to keep track of.

According to travel website The Points Guy, Amex points are worth 2 cents apiece, so you're getting a 4% return on all your business spending up to $50,000 each year.

Read more about the Blue Business Plus card:

Best cash-back business card: Capital One Spark Cash for Business

Welcome offer: Earn $500 after you spend $4,500 in the first three months of account opening

Annual fee: $0 for the first year; $95 after that

Earning rate: 2% on all purchases 

Standout benefits: Free employee cards that also earn 2% back on everything

The Capital One Spark Cash earns unlimited 2% cash back on all purchases. That's it. No categories, no points values or conversions, no redemption minimums. Rewards won't expire for the life of the account, and you can redeem any amount of cash back. The card has a $95 annual fee, waived the first year.

At first glance, the The Blue Business® Plus Credit Card from American Express might seem like a better option, since it earns 2x points and doesn't have an annual fee. However, keep in mind that while 2x points may be more valuable than 2% cash if you redeem strategically for travel by transferring to partners, Membership Rewards points can't be redeemed outright for cash. You can redeem them for a statement credit, but they'll only be worth 0.6 cents each. That means that effectively, the Amex card only offers 1.2% "cash" back, compared to the no-strings-attached 2% from the Capital One Spark Cash.

Click here to learn more about the Capital One Spark Cash card.

Read more about the Capital One Spark Cash card:

Earn 2x miles on everything: Capital One Spark Miles for Business

Welcome offer: Earn 50,000 miles after you spend $4,500 in the first three months of account opening

Annual fee: $0 the first year; $95 after that

Earning rate: 2x miles on all purchases

Standout benefits: Transfer miles to Capital One's airline partners including Air Canada and Emirates or redeem miles to cover travel purchases on your statement, up to a $100 credit for Global Entry or TSA PreCheck

The Spark Miles for Business is a great option if you don't want a complicated rewards credit card strategy but you want choices in how you redeem your miles from the one card you do use. You can transfer them to more than 10 airline partners or you can use miles to "wipe" your business' travel expenses from your credit card statement. Beyond that, you can redeem miles for cash back or gift cards. So if you don't want to be locked into just one way to use your rewards, this card could make sense.

Click here to learn more about the Capital One Spark Miles for Business.

Read more about the Spark Miles for Business card:

Ink Business Unlimited℠ Credit Card

Best cash-back business card: Ink Business Unlimited℠ Credit Card

Welcome offer: $500 (or 50,000 Ultimate Rewards points) after you spend $3,000 in the first three months of account opening

Annual fee: $0

Earning rate: 1.5% cash back on all purchases

Standout benefits: If you also have a card that earns Ultimate Rewards points, you can redeem cash back as points with travel partners and get more than 1.5% back per, 0% introductory APR on purchases for the first 12 months (then a variable rate of 13.24%-19.24%)

The newest card in Chase's business portfolio, the Ink Business Unlimited℠ Credit Card is a simple one at first glance — earn unlimited 1.5% cash back. However, just like the consumer Chase Freedom® and Chase Freedom Unlimited® cards, the Ink Business Unlimited has a trick up its sleeve. Although the card is marketed as "cash back," it actually earns Ultimate Rewards points that you can redeem for cash (1 point = $0.01).

That means that you can combine the points earned from the Ink Business Unlimited℠ Credit Card with the ones you earn from cards like the Ink Preferred, or the personal Sapphire Reserve, and either earn a bonus when you redeem them for travel through Chase, or transfer them to travel partners. Combined with an Ink Business Preferred® Credit Card, you'll get a guaranteed 1.5–3 points per dollar spent.

Read more about the Ink Business Unlimited card:

American Express® Business Gold Card

Best for big spenders: American Express® Business Gold Card

Welcome offer: 35,000 Membership Rewards points after you spend $5,000 on eligible purchases in the first three months of account opening

Annual fee: $295

Earning rates: 4x points on your top two spending categories each billing cycle on up to $150,000 in combined purchases each year from the following list: airfare purchased directly from airlines, US purchases for advertising in select media, US purchases at gas stations, US purchases made directly from select technology providers, US purchase at restaurants, and US purchases for shipping; 1x point on everything else

Standout benefits: 25% of your points back when you pay with points to book first or business-class airfare with American Express Travel (or any class of flight with your selected qualifying airline), up to 250,000 points back per calendar year.

If you don't want to pay the higher annual fee of the The Business Platinum® Card from American Express, the American Express® Business Gold Card is a good alternative. And depending on your spending habits, the Business Gold could actually be a more rewarding choice, thanks to the ability to earn 4x points on popular business spending categories. 

Read more about the Amex Business Gold card:

Ink Business Cash℠ Credit Card

Best for office supplies and wireless: Ink Business Cash℠ Credit Card

Welcome offer: $500 (or 50,000 Ultimate Rewards points) after you spend $3,000 in the first three months of account opening

Annual fee: $0

Earning rates: 5% cash back (or 5x points) on the first $25,000 in combined purchases at office supply stores and on internet, cable, and phone services each card holder year (then 1x), 2% back (or 2x points) on the first $25,000 in purchases at gas stations and restaurants each year (then 1x), and 1% (or 1x point) on everything else with no cap.

Standout benefits: If you also have a card that earns Ultimate Rewards points, you can redeem cash back as points with travel partners and get a higher return on your spending, 0% introductory APR on purchases for the first 12 months (then a variable rate of 13.24%–19.24%)

The Ink Business Cash℠ Credit Card is another solid Chase entry, and just like with the Ink Business Unlimited℠ Credit Card, you can pool the "cash" you earn with points from a points-earning card, effectively converting your cash into (potentially) more valuable points.

Ink Business Cash℠ Credit Card is an especially good option if you can maximize its bonus categories, including office supply stores, internet, cable, and restaurants, among others.

Read more about the Ink Business Cash card:

If you only use one business credit card: Brex Corporate Card

Welcome offer: 75,000 Brex points upon sign-up 

Brex offers two versions of its unique business credit card: the Brex Corporate Card for Startups, and the Brex Corporate Card for Ecommerce. The card stands out because it doesn't require any personal guarantees, and it offers strong rewards for customers who make Brex their exclusive corporate card (7x points on rideshare and 3x points at restaurants and coffee shops, for example).

The Brex Corporate Card for Ecommerce offers a credit limit of 5o% to 100% of your projected monthly sales, up to $5 million, while Brex says the Brex Corporate Card for Startups offers up to 20 times higher credit limits than competing cards. 

You can transfer Brex points to seven airline partners, including JetBlue, which was the most recent addition.

Click here to learn more about the Brex Corporate Card for Startups.

Click here to learn more about the Brex Corporate Card for Ecommerce.

Airline business credit cards

Welcome offer: Varies

If you fly often for work, and you're loyal to one particular airline, then it could be worth getting an airline's business credit card. In addition to earning frequent flyer miles on every purchase, you'll get a variety of perks like free checked bags and priority boarding. 

Each airline card's terms and benefits are slightly different, but these are some of the best options to consider for your business.

Delta

  • Delta SkyMiles® Gold Business American Express Card
  • Delta SkyMiles® Platinum Business American Express Card
  • Delta SkyMiles® Reserve Business American Express Card

United Airlines

  • United℠ Explorer Card

American Airlines

  • CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

Southwest Airlines

  • Southwest Rapid Rewards® Premier Business Credit Card

Alaska Airlines

  • Alaska Airlines Visa Business credit card

Hotel business credit cards

Welcome offer: Varies

If you frequently travel for business, a hotel business credit card could also make sense. You'll earn hotel points on all your spending, and some cards offer complimentary elite status and annual free reward nights.

The benefits and bonuses vary, but here are some top options to consider:

Hilton

The Hilton Honors American Express Business Card

Marriott 

Marriott Bonvoy Business™ American Express® Card

Frequently asked questions

What's the difference between a personal credit card and a business credit card?

While personal credit cards are intended for any types of purchases, business credit cards are targeted toward small business owners. That doesn't mean you need a large established company to apply for a business credit card; even if you're a freelancer you can get approved for a business card provided you meet the bank's application requirements.

Business credit cards usually offer different rewards and benefits than personal credit cards. For example, a business card may earn bonus rewards on purchases at office supply stores, and it may offer free cards for employees. Plus, business cards can have higher credit limits than personal credit cards, and in most cases, the activity on a business card won't affect your personal credit report (although if you default on the business card, the card issuer can still come after you personally).

Who has the best business credit card?

American Express, Chase, Citi, Capital One, and other issuers all offer solid options when it comes to business credit cards. The best choice for you depends on what benefits you value, and how much of an annual fee you're willing to pay.

If you want a rewards credit card with all the bells and whistles, the The Business Platinum® Card from American Express is a good choice. If you care less about perks like airport lounge access and annual statement credits, a more straightforward card that earns bonus rewards on all your spending, a card like the Capital One Spark Miles for Business could be a better fit.

How do I qualify for a business credit card?

The good news is that it's easier to qualify for a business credit card than you may think. If you do any freelancing or a side gig, such as driving for Uber or selling items on eBay, you can typically qualify for a business credit card as a sole proprietor. In this case, you are personally on the hook for your business' debts.

Small business owners who aren't sole proprietors can qualify for business cards too. If you have a larger business with employees, you may be asked to include Employer Identification Number number on your credit card application.

What do I put on a business credit card application?

If you're a sole proprietor, you can apply for a business card using your Social Security number. You should put down your legal name as the business name. If you have a business with employees, you'll need to answer questions about your business size, type, and revenue, in addition to providing your SSN and your EIN (if requested).

What's the difference between a business credit card and a corporate credit card?

With a business credit card, the primary cardholder is responsible for the debts on the card and for any fees that are incurred. A corporate card is issued by a company to its employees, and the company is responsible for paying that card. With a corporate card, you generally won't earn rewards (and you also usually won't be on the hook for whatever you charge to it), while with a business card in your name, you get to keep whatever rewards you earn through your spending.

Related Content Module: More Credit Card Coverage

Join the conversation about this story »

Viewing all 116790 articles
Browse latest View live




Latest Images