billionaire

The Hundred: Tech billionaire Sanjay Govil planning to ignite Welsh Fire

Whilst he may be a stranger to Wales, Govil is quick to point out his familiarity with franchise success.

His Washington Freedom side have won the most games in the three years of MLC, taking home the trophy in 2024 and finishing runners-up in 2025.

“I have a history of doing this, it’s not just the Washington Freedom. I had a professional badminton team in India and in the very first year we won the championship,” the Maryland-based entrepreneur said.

“Even business, I’ve taken over assets, which are really underperforming and turned it around.”

The secret to his success?

“It’s all about looking at a big picture, having the right components, and creating an environment which is very fertile towards success,” he explained.

Fire have already been busy trying to acquire the right components.

Salt, Chris Woakes, Marco Jansen and Rachin Ravindra have joined the men’s side as direct signings whilst Freya Kemp, Georgia Wareham and Georgia Voll have signed with the women’s team.

If Govil is to be successful in reversing the fortunes of his new franchise, the team’s performances on the field will need to mirror his own bold confidence.

The next step to building this team will come in this week’s inaugural auction.

As well as having the opportunity to build a competitive team Govil will have the chance to shine a light on Welsh talent and create an identity fans are more likely to subscribe to.

Then, comes the hope of bringing a history of success to a place that has not yet experienced it.

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Emma Watson passionately kisses billionaire Gonzalo Hevia Baillares at the airport as Harry Potter star confirms romance

EMMA Watson has been spotted passionately kissing her billionaire boyfriend, entrepreneur Gonzalo Hevia Baillares.

The Harry Potter star confirmed their secret romance on a trip to Mexico.

Emma Watson has confirmed her romance with a public kissCredit: Getty
Her new love interest is billionaire businessman Gonzalo-Hevia-BailleresCredit: Linkedin

Emma, 35, didn’t appear to care who saw her embrace the businessman as they walked through Mexico City airport.

The couple were flanked by guards as they snogged in the security queue, according to pictures seen by the Daily Mail.

A source told the paper: “Widely regarded as one of Mexico’s most eligible bachelors, Gonzalo now appears to be deeply smitten and reportedly taking his relationship with Emma seriously – having already introduced her to his parents.

​”Without a doubt, Gonzalo and Emma are shaping up to be one of 2026’s most unexpected power couples.”

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Emma was believed to have last been dating Kieran Brown while she studied creative writing.

The actress appears to have moved on with Gonzalo – cementing their relationship with a romantic getaway to the exclusive beach resort of Punta Mita.

Gonzalo is the grandson of Mexican billionaire Alberto Baillères, who died in 2022.

His family are the third wealthiest family in the country and are said to have a net worth of £14.2billion, having made their money from a multi-billion-dollar mining company.

Gonzalo is currently working as a CEO of investment firm HBeyond in New York.

​He was previously romantically linked with Spanish singer Belinda Peregrín before they broke up in 2024.

The actress embraced her new man at the airportCredit: Getty

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Rep. Kevin Kiley measure would block key element of proposed California wealth tax

As progressives seek to place a new tax on billionaires on California’s November ballot, a Republican congressman is moving in the opposite direction — proposing federal legislation that would block states from taxing the assets of former residents.

Rep. Kevin Kiley (R-Rocklin), who faces a tough re-election challenge under California’s redrawn congressional maps, says he will introduce the “Keep Jobs in California Act of 2026” on Friday. The measure would prohibit any state from levying taxes retroactively on individuals who no longer live there.

The proposed legislation adds another layer to what has already been a fiery debate over California’s approach to taxing the ultra-wealthy. It has created divisions among Democrats and has placed Los Angeles at the center of a broader political fight, with Bernie Sanders set to hold a rally on Wednesday night in support of the wealth tax.

Kiley said he drafted the bill in reaction to reports that several of California’s most prominent billionaires — including Meta Chief Executive Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin — are planning to leave the state in anticipation of the wealth tax being enacted.

“California’s proposed wealth tax is an unprecedented attempt to chase down people who have already left as a result of the state’s poor policies,” Kiley said in a statement Wednesday. “Many of our state’s leading job creators are leaving preemptively.”

Kiley said it would be “fundamentally unfair” to retroactively impose taxes on former residents.

“California already has the highest income tax of any state in the country, the highest gas tax, the highest overall tax burden,” Kiley said in a House floor speech earlier this month. “But a wealth tax is something unique because a wealth tax is not merely the taxation of earned income, it is the confiscation of assets.”

The fate of Kiley’s proposal is just as uncertain as his future in Congress. His 5th Congressional District, which hugs the Nevada border, has been sliced up into six districts under California’s voter-approved Proposition 50, and he has not yet picked one to run in for re-election.

The Billionaire Tax Act, which backers are pushing to get on the November ballot, would charge California’s 200-plus billionaires a onetime 5% tax on their net worth in order to backfill billions of dollars in Republican-led cuts to federal healthcare funding for middle-class and low-income residents. It is being proposed by the Service Employees International Union-United Healthcare Workers West.

In his floor speech, Kiley worried that the tax, if approved, could cause the state’s economy to collapse.

“What’s especially threatening about this is that our state’s tax structure is essentially a house of cards,” Kiley said. “You have a system that is incredibly volatile, where top 1% of earners account for 50% of the tax revenue.”

But supporters of the wealth tax argue the measure is one of the few ways that can help the state seek new revenue as it faces economic uncertainty.

Sanders, an independent from Vermont who caucuses with the Democrats, is urging Californians to back the measure, which he says would “provide the necessary funding to prevent more than 3 million working-class Californians from losing the healthcare they currently have — and would help prevent the closures of California hospitals and emergency rooms.”

“It should be common sense that the billionaires pay just slightly more so that entire communities can preserve access to life-saving medical care,” Sanders said in a statement earlier this month. “Our country needs access to hospitals and emergency rooms, not more tax breaks for billionaires.”

Other Democrats are not so sure.

Gov. Gavin Newsom, who is eyeing a presidential bid in 2028, has opposed the measure. He has warned a state-by-state approach to taxing the wealthy could stifle innovation and entrepreneurship.

Some of he wealthiest people in the world are also taking steps to defeat the measure.

Brin is donating $20 million to a California political drive to prevent the wealth tax from becoming law, according to a disclosure reviewed by the New York Times. Peter Thiel, the co-founder of PayPal and the chairman of Palantir, has also donated millions to a committee working to defeat the proposed measure, the New York Times reported.

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The billionaire who wants to be California governor

Tom Steyer must solve this dilemma: How does he convince financially struggling Californians they can trust a billionaire to be their governor?

Because, after all, the former hedge fund titan doesn’t exactly share their daily ordeal of scraping up enough money to pay for rent, groceries and gas in the run-down car.

And he doesn’t have any record in public office to point to. He’s trying to start his elective career at the top.

So, what’s the solution? Well, you can be a global celebrity like super-rich actor Arnold Schwarzenegger when he was elected in 2003. Or a Gold Rush tycoon like Leland Stanford back in 1861. Other than those two, there’s a long list of well-heeled rookie failures.

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They include Republican Meg Whitman, who blew $144 million of her fortune losing in 2010. And Al Checchi, who spent $40 million of his own money getting beaten in the 1994 Democratic primary.

“Look, they didn’t have anything to say,” Steyer told me while sipping tea at a popular hangout near the state Capitol, specifically mentioning Whitman and Checchi. “They’d never done anything. Not like I’ve done for 14 years.”

Steyer, 68, who lives in the San Francisco Bay Area, touts his record of funding and promoting progressive causes, including successful ballot campaigns that raised tobacco taxes, closed a major corporate tax loophole and beat back oil industry efforts to kill climate fighting laws.

“I could give you 10 things I’ve done about environmental sustainability and economic justice,” he said.

“Why trust me? Because I’ve gotten results. And I don’t owe anybody anything.”

The Democrat spent $12 million on TV ads last year pushing Gov. Gavin Newsom’s Proposition 50 that allowed the Legislature to gerrymander congressional districts aimed at gaining five more Democratic seats in California.

Being a billionaire allows Steyer to buy all the TV spots he wants. He already has popped for $27 million worth running for governor.

But astronomical wealth comes with a political price.

“California voters do not cotton to some rich guy who has never spent a day in office but looks in the mirror one morning and suddenly sees a governor of California,” says veteran Democratic strategist Garry South.

So, in his campaign TV commercials, Steyer wears casual backyard barbecue garb trying to look like Mr. Average, but with a populist agenda.

“I’m the billionaire who’s going to take on the billionaires,” he says.

That sounds counterintuitive, and I’m skeptical about how well it sells.

Steyer knows he sorely needs labor support to seem credible among the working class. That’s why he recently joined rallies for striking teachers in San Francisco and healthcare workers in San Diego.

He has scored endorsements from the California School Employees Assn. — a union representing school staff — and the California Nurses Assn.

Nurses are backing Steyer largely because he has embraced their No. 1 goal: a single-payer, state-run health insurance system.

They’ve attempted to push that in Sacramento for years and failed. And for good reason.

Single-payer would cost the state barrels of money it doesn’t have. Moreover, it would replace not only private insurance, but popular federal Medicare and the state’s Medi-Cal program for the poor. The federal government would need to agree. Fat chance.

I asked Steyer whether he really believes the state bureaucracy is capable of handling such an ambitious undertaking.

“We’re going to have to get back to having a government that works,” he replied, in what sounded like a knock on Newsom and his predecessors.

How could he make a single-payer system work? “God is in the details,” he answered, a phrase he frequently uses. Translation: “I don’t know.”

“We’re going to work through it. That’ll take at least three years… But we’re going to have to do it…. Healthcare costs have been escalating for a very long time. And they’re eating up the [state] budget.”

After Steyer left hedge fund investing, he became an ardent crusader for clean energy and fighting climate change. It was his core issue running for president in 2020, when he spent $340 million before giving up.

But these days, he barely mentions climate. The better politics du jour is advocating for “affordability” — especially affordable housing.

Steyer said he doesn’t have a “silver bullet” for lowering housing costs. He has “silver buckshot” — a scattergun of solutions for boosting housing supply, plus rent control.

He’d shorten the time for issuing construction permits, require rezoning to develop vacant land, tax unoccupied housing left off the market and build higher — more like in New York’s Manhattan, where he was raised.

“What we’re doing is sprawl,” he said. “And what sprawl leads to is an awful lot of commuting, a lot of driving.”

That’s been a problem for generations, I noted. Suburban ranch-style housing is the California way. “People can change,” he said. “I think people want to.”

I asked him about the slow-poke bullet train project that’s costing four times original estimates.

“Of course, I’m in favor of high speed rail,” he said. “But good grief. We’ve been working on this for an incredibly long time and spent an incredible amount of money. As far as I can tell, we haven’t built anything. If we’re going to do high-speed rail, we have to build it at a reasonable price. And we haven’t been able to do that.”

Might he abandon the project? “I want to look at it,” he said.

The odds are against him ever getting the opportunity.

But the odds aren’t exciting for any candidate in this ho-hum contest.

Steyer is running in the middle of the pack, based on polls. He has hired the strategists who managed Democratic Socialist Zohran Mamdani’s victorious campaign for New York mayor.

There’s no front-runner for governor. But Rep. Eric Swalwell (D-Dublin) has some momentum. He recently was endorsed by Sen. Adam Schiff. And he’ll also soon be endorsed by influential former House Speaker Nancy Pelosi, I’m told.

Voters will do their all-important endorsing in the June 2 primary.

What else you should be reading

The must-read: In 50-year fight to protect California’s coast, they’re the real McCoys, still at it in their 80s
CA vs. Trump: Trump, California and the multi-front war over the next election
The L.A. Times Special: Who pays for Newsom’s travel? Hint: It’s not always taxpayers

Until next week,
George Skelton


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Epstein pressed billionaire media mogul to influence coverage, files reveal | Business and Economy News

Jeffrey Epstein pressured a media tycoon he did business with to quash coverage of allegations of his sexual abuse of girls, according to documents released by the United States Department of Justice.

Epstein leveraged close personal and professional ties with the Canadian-American billionaire Mortimer Zuckerman to try to influence the New York Daily News’s coverage of allegations against him after his 2008 conviction for soliciting a minor for prostitution, the documents show.

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After Epstein reached out to Zuckerman, the then-owner of the Daily News, the tabloid first delayed its coverage of the allegations and then omitted details that the late financier had specifically requested be left out, according to the documents.

In an email dated October 9, 2009, Epstein shared a “proposed answer” to questions from the newspaper with Zuckerman that disputed allegations made against him and his girlfriend Ghislaine Maxwell, who is currently serving a 20-year sentence for child sex trafficking.

The allegations, which had been put to Epstein and Maxwell by then-Daily News journalist George Rush, included accusations that the pair had subjected a minor known as “Jane Doe No 102” to routine sexual abuse and had engaged in threesomes with “various underage girls”.

The allegations also included claims that Maxwell kept a computer database of “hundreds of girls and oversaw the schedule of girls who came to Epstein’s homes”.

In the proposed response that he shared with Zuckerman, Epstein said “no sex occurred” with Jane Doe No 102 and she had admitted in a deposition to being an “escort, call girl, and a massage parlor worker since the age of 15”.

“All of the adult establishments in which she admitted working require proof of age. Rc the rest of the questions,” Epstein’s email to Zuckerman said.

“These are all malicious fabrications designed to get Mr Edwards clients more money than they normally receive though she did testify under oath that she made as much as 2000 per day,” the email said, referring to Bradley J Edwards, a Florida-based lawyer who has represented many of Epstein’s accusers.

Email

Later that day, Zuckerman told Epstein in an email that the Daily News was “doing major editing over huge objections” and he would “c copy asap”.

“take ghislaine out. if possible,” Epstein responded in an email a few minutes later.

“the very first plaintiff, deposed admitted in a sworn videotaped statement that she lied and was an escort , call girl since age 15. SHE took the fifth. over 40 times.. its crazy.. thanks for you help.”

“Please call me asap,” Zuckerman wrote to Epstein several hours later, before asking Epstein to call him again later that night.

The Daily News ultimately published an article on December 19, 2009, that described Epstein reaching a settlement with his accuser for an undisclosed amount of money.

The article noted that Epstein was facing “more than a dozen” lawsuits from women who accused him of sexually abusing them but made no mention of Maxwell or the allegations against her.

Zuckerman, a staunch supporter of Israel who served as head of the America-Israel Friendship League and the Conference of Presidents of Major American Jewish Organizations, has never been accused of any involvement in Epstein’s crimes.

Daily News
The front page of the New York Daily News on August 12, 2020 [Bebeto Matthews/AP]

Rush, who left the Daily News in 2010, confirmed that Epstein had tried to “cajole” Zuckerman, the current owner of US News & World Report, into burying or shaping the story to Epstein’s liking.

Rush said the Daily News decided to delay publication after Epstein offered the newspaper an interview.

“Unfortunately, Epstein immediately insisted that the interview be off the record. He also used the conversation to make remorseless claims that he was a victim of overzealous prosecutors and shyster lawyers,” Rush told Al Jazeera.

Rush said Zuckerman, who sold the Daily News in 2017, never suggested that the newspaper cancel the story altogether or publish coverage that was favourable to Epstein.

“I do recall being advised to leave Ghislaine Maxwell out of the story,” Rush said.

“At the time, the paper’s lawyers had libel concerns, and I saw it as a necessary compromise.”

Rush said he had objected to the efforts to interfere in his story but the episode did not cause a “newsroom furore”.

“Most people hadn’t heard of Epstein at that point. I didn’t like Epstein and Maxwell trying to appeal to the owner,” he said.

“But I was relieved that the story wasn’t killed, just delayed, and hopeful that Epstein might say something quotable in the interview. It speaks to Epstein’s arrogance that he thought he had the power to get Mort to do his bidding.”

Zuckerman’s personal assistant and the Zuckerman STEM Leadership Program, an initiative founded by the billionaire to fund scientific collaboration between the US and Israel, did not reply to requests for comment from Al Jazeera.

Ties for two decades

Zuckerman’s ties to Epstein stretch back more than 20 years.

In 2005, Zuckerman, who also owned The Atlantic magazine from 1984 to 1999, worked with Epstein on the short-lived relaunch of the gossip-and-entertainment magazine Radar.

After a US congressional panel in September released a scrapbook prepared for Epstein’s 50th birthday in 2003, Zuckerman was among a slew of high-profile names revealed to have sent the financier their well-wishes.

But the latest tranche of files from the 2019 prosecution of Epstein, released last week by US authorities, show that Zuckerman’s relationship with the sex offender was much closer than previously believed.

In 2008, Zuckerman sought Epstein’s advice on his plans for passing on his estate, sharing sensitive details about his financial affairs in the process, including a copy of his will and an evaluation of his assets that put his net worth at $1.9bn.

In 2013, Epstein drafted several agreements to provide Zuckerman with “analysing, evaluating, planning and other services” related to the billionaire’s plans for passing on his wealth.

Epstein proposed a fee of $30m in a proposal drafted in June 2013 before offering his services for $21m in a revised proposal that December, according to the documents.

In correspondence around this period, Zuckerman appeared to hold Epstein’s claimed expertise in high regard.

“Your questions have been critical to my growing understanding of how much lies ahead before my finances are properly organized,” Zuckerman wrote to Epstein in an email dated October 12, 2013, after the financier had earlier claimed to have identified “wild errors” in Zuckerman’s accounting of his finances.

“You have been an invaluable friend and In the most constructive way a provocateur I am completely grateful and am now beginning to focus, in on the issues you have raised. With appreciation from a hesitant amateur   Mort.”

Epstein
Documents that were included in the release by the US Department of Justice of its Jeffrey Epstein investigative files [File: Jon Elswick/AP]

It is not clear whether Zuckerman ultimately signed the agreement proposed by Epstein.

Zuckerman and Epstein communicated regularly, and the two men arranged numerous dinners and other meetings over the years, according to the documents, including at the financier’s Manhattan home.

“Mort is now booked for tonight at 8:30…i am being asked if you could see him this weekend…please advise,” Lesley Groff, Epstein’s personal assistant, wrote on May 5, 2015, in one of many emails detailing appointments.

While Zuckerman turned to Epstein for financial advice, he also appeared to regard him as a friend.

“Hi there. You are very special. And a great friend. Mort,” Zuckerman wrote to Epstein in an email dated August 24, 2014.

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