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Where The Billionaires Reside

By
Forever Mogul Team
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London

Billionaires are a small proportion of the super-rich population. Normally, they have a high net worth and often have a huge influence on the global economy.

Anyone with a net worth of 1 Billion USD or more is considered a billionaire. It’s important to understand that this is the measure of net worth and not the actual cash in their banks. Most billionaires have substantial cash reserves, but that is significantly less than $1 Billion in most cases.

Net worth, simply put, is the total value of all known assets minus the total value of all known liabilities of a person. For example, most billionaires have their net worth comprised of real estate and stakeholdings in the stock market. That’s why many billionaires often see huge changes in their market value in almost no time due to changes in values of their stake’s value in the stock market.

All the billionaires in the world combined control over $12 Trillion. That’s a huge number, but their large influence over other markets and the global economy makes them control virtually a lot more than $12 Trillion.

How Many Billionaires Are There In The World?

Besides the richest humans like Elon Musk, Jeff Bezos, and Bill Gates, there are more than 2500 more people that belong to the elite club of billionaires.

In 2021, the world got 236 new first-time billionaires, that’s roughly 4.5 billionaires every week. But where do these super-rich individuals reside?

Who Are The Richest Billionaires In The World?

Even before going through the residence of the super-rich billionaires, let’s get acquainted with some of the richest in the world.

For many people, just being a billionaire isn’t enough. That’s why many become multi-billionaires, and a few even become centibillionaires (people whose net worth is more than $100 billion).

Here are the top 10 richest billionaires in the world in March 2021:

1. Elon Musk ($219B): Founder & CEO of Tesla, SpaceX, Boring Company, OpenAI

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2. Jeff Bezos ($171B): Founder & former CEO of Amazon and owner of The Washington Post

Billionaires Reside - Jeff Bezos
(AP Photo/Reed Saxon)

3. Bernard Arnault ($158B): Chairman and CEO of LVMH

Billionaires Reside -LVHM Bernard Arnault

4. Bill Gates ($129B): Founder of Microsoft

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5. Warren Buffet ($118B): CEO of Berkshire Hathway and one of the largest investors in the world

Billionaires Reside - Warren Bufffet

6. Larry Page ($111B): Controlling shareholder and Former CEO of Alphabet (Google’s parent company)

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7. Sergey Brin ($107B): Board member and former President of Alphabet (Google’s parent company)

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8. Larry Ellison ($106B): Founder, Chairman, CTO, and more than 1/3rd shareholder of Oracle

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9. Steve Ballmer ($91.4B): Former CEO of Microsoft

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(Photo by Stephanie Keith/Getty Images)

10. Mukesh Ambani ($90.7): Chairman of Reliance Industries

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Where Do The Billionaires Reside?

Until a few years back, the vast majority of billionaires resided in some of the most economically developed countries only.

But that’s changing. Today billionaires reside in many more countries. Last year, humanity saw the first-ever billionaires from Barbados, Bulgaria, Estonia, and Uruguay.

8 of the top 10 previously mentioned richest billionaires reside in America today.

Moving on, let’s see which countries have the highest number of billionaires? The United States of America, perhaps unsurprisingly, has the highest number of billionaires, 735.

This is followed by China, having 607 billionaires. The third place is taken by India, with 165 billionaires. USA and China combined account for almost half of the billionaires in the world.

Here’s the list of countries with the highest number of billionaires:

  1. USA – 735
  2. China – 539
  3. India – 166
  4. Germany – 134
  5. Russia – 83
  6. Hong Kong – 67
  7. Canada – 64
  8. Brazil – 62
  9. Italy – 52
  10. Taiwan – 51

Which Cities Reside The Highest Number Of Billionaires?

Even the countries that have a significantly high number of billionaires observe a higher concentration of billionaires in a couple of cities.

New York tops this list with 107 billionaires. It’s a massive number. Hypothetically, if New York alone were a country, it would be the 5th largest country in the world with a high number of billionaires.

Here are the top 10 cities with the highest number of billionaires residing in them:

  1. New York City – 107 billionaires
  2. Bejing – 83 billionaires
  3. Hong Kong – 68 billionaires
  4. London – 66 billionaires
  5. Shanghai – 61 billionaires
  6. Shenzen – 59 billionaires
  7. Moscow – 53 billionaires
  8. Mumbai – 51 billionaires
  9. San Fransisco – 44 billionaires
  10. Seoul – 38 billionaires

China has four of the top ten cities with the highest number of billionaires. It is followed by the USA with two cities in the top ten. UK, Russia, India, and South Korea have one city each in the list of top ten cities with the most billionaires.

Where Do The Women Billionaires Reside?

Women for a long time have been underrepresented in the lists of richest people in the world. However, things are changing.

Today, there are 124 self-made women billionaires in the world. Many more women billionaires exist that have inherited their wealth. Overall, according to Forbes, there were 328 women billionaires in 2021. While the number is far too insignificant compared to the 2000+ male billionaires, the increasing number of super-rich women billionaires is a sign of a brighter future.

Chinese businesswoman Wu Yajun is the richest female billionaire in the world. She has a net worth of $17 Billion. Most of the women billionaires in the world are found in China.

In fact, 78 of the 124 women billionaires reside in China. It is followed by the USA with 25 women billionaires. The UK comes at third place with five women billionaires.

Popular singer, actress, and businesswomen Rihanna is not only a women billionaire; she is the first and only billionaire from Barbados, regardless of gender.

Why Are There So Many Billionaires In USA And China?

America and China are collectively the residences of almost half of the billionaires in the world.

What’s so special about USA and China that makes them so favorable towards billionaires?

Well, to begin with, USA and China are economically developed countries with massive multi-trillion dollar economies. But that’s not all.

Other countries like Russia and UK also have fairly big economies. However, the real reason why USA and China dominate the world is technology and manufacturing.

The USA dominates the world in terms of technology. Home to Silicon Valley, the USA has almost all of the biggest names in technology with them. As tech becomes a more integral part of our lives, American technology grows and supports many more people to become billionaires.

As far as China is concerned, China is the manufacturing capital of the world. Even the American technology companies use China to manufacture their products. This is thanks to China’s ability to support high-volume productions at low costs. The manufacturing power of China boosts its economy, giving chances to more and more people to tap this market.

Do Residents of Small Towns Become Billionaires?

Yes. While big cities and countries dominate USA and China, Billionaires can still be found in smaller countries and cities.

We have already discussed how smaller countries, Barbados, Bulgaria, Estonia, et cetera. are starting to have billionaires. Similarly, even small cities in big countries can have Billionaires.

Some small American cities like Maryland, with a population of less than 3,000, have multiple billionaires.

Clearly, it’s possible to become a billionaire even after being from a small city. Some billionaires are traditionally from smaller towns but relocate to bigger cities to meet their business needs.

Elon Musk, for example, was born in Pretoria, South Africa, which by comparison, is a small town. However, he relocated to Canada, followed by the United States of America where he became a billionaire.

People who reside in small towns can definitely become billionaires, though some may choose to relocate thereafter.

Wrapping Up

Today, billionaires can be found in far more countries and cities than ever before. With improving economies and resources, many more countries are now seeing people become billionaires

Even after that, the highest number of billionaires in the world is still in the USA, followed by China and then India.

If you want to accidentally bump into a billionaire, then the best place for that is New York City. New York City remains the city with the highest number of billionaires, with over 100 billionaires having a combined net worth of $600 Billion plus.

Though the east is also growing quickly, with China and India adding many new billionaires every year. Women billionaires are also emerging into a traditionally male-dominated list.

As with every important change, creating diversity in the number of billionaires will take a lot of time. Slowly but certainly, women will be equally represented in the list of the riches. Likewise, more countries will start creating billionaires finishing the dominance of the USA and China on the list.

World’s First-Ever Space Hotel to Launch in 2025

By
Forever Mogul Team
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Space Hotel; Courtesy Orbital Assembly Corporation https://app.asana.com/0/1135954362417873/1202218488201797/f

Soon you’ll be able to take a vacation that is out of this world. The Orbital Assembly Corporation recently announced a new project that could launch a space hotel into orbit as soon as 2025; they plan to design two new stations customized to accommodate space tourism.

The first, which might launch in just three years, has been coined Pioneer Station—and it’s an all-inclusive luxury dwelling that offers “incredible views of space from the comfort of your own hotel room stocked with gravity,” notes the company’s website.

Space Hotel
Space Hotel; Courtesy Orbital Assembly Corporation

According to its brochure, the Pioneer will be the first hybrid space station for both work and stay and offers accommodations for up to 28 people. The larger hotel, dubbed Voyager, can hold as many as 400 guests and is scheduled to open in 2027.

“Voyager is a rotating space station designed to produce varying levels of artificial gravity by increasing or decreasing the rate of rotation,” OAC’s website states. “Artificial, or simulated, gravity is essential to long term habitation in space.”

Space Hotel
Space Hotel; Courtesy Orbital Assembly Corporation

Though gravity is not yet available on either station, both Pioneer and Voyager are slated to have this technology in place by their respective launch dates; this will allow passengers to move around freely, just as they would on Earth. 

Space Hotel
Space Hotel; Courtesy Orbital Assembly Corporation

Each station is shaped like a wheel with modules built around the Gravity Ring (see image above), which is believed to be the first, at-scale platform capable of providing this level of artificial gravity, notes the company’s press release.

These modules will house office spaces and research facilities that will be available for rent. Military groups, research organizations, and other entities will be able to launch and attach to this Gravity Ring, which “can simulate all levels of gravity including Mars,” the release states. 

Space Hotel
Space Hotel; Courtesy Orbital Assembly Corporation

While guests will still experience some weightlessness during their stay, the Gravity Ring makes it possible for them to easily drink out of a cup—and they won’t need to be strapped down to their beds at night, SmithsonianMagazine reports.

Early designs of both Pioneer and Voyager’s interiors are indicative of an experience that doesn’t look too dissimilar to a luxury hotel here on Earth, with complete kitchens, bars, and more.

The Most Stunning Home In The Bahamas

By
Forever Mogul Team
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0

Apsara in Old Fort Bay is simply one of the most stunning homes in the entire Bahamas. Actually, in the entire Caribbean.

Located in the exclusive community of Old Fort Bay, Apsara is a beachfront masterpiece. Set on the northern shore of Old Fort Bay on a one-acre sea-to-sea parcel including 150 feet of waterfront with a private beach and 150 ft of canal frontage Apsara has so many attributes it is hard to mention them all.

This home is exquisitely designed with a total covered area of 18,500 sq. ft. and 12,600 sq. ft .of air-conditioned interior, with indoor and outdoor living under a large expansive covered living area with floor to ceiling sliding impact-resistant glass doors to enjoy the unparalleled ocean views and tropical landscape.

Apsara’s decor features White glass Flooring throughout the interior, natural bush hammered white quartz outside, an uplit Caesarstone Concetto bar with a Bocci chandelier, Paola Lenti outdoor furniture with indoor furniture by Minotti, and B&B Italia. 

Aspera totals 8 bedrooms, all with en-suite bathrooms, multiple dining and entertaining spaces, and a state-of-the-art gym.

Other features include a koi pond and an outdoor steam room. an elevator, a 2 bedroom nanny suite, 2 car garage, a large protected boat dock with a boat lift, boat house storage, generator, multiple outdoor living spaces, a 98 inch TV in the family room, a state of the art kitchen with Sub Zero refrigerators and freezers and stunning white quartz countertops.

Apsara is the perfect home for an owner who desires privacy, loves nature, and truly understands how a beautifully designed home surrounded by palms with incredible ocean views and finishings of the highest standard can transform island living into an art form. This home simply must be seen.

Price upon request.

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The Highest-Valued Startups in the World 2022

By
Forever Mogul Team
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It’s the dream of every founder, tech entrepreneur, and venture capitalist backing them: To be a unicorn. Unfortunately, not everyone can make it. But as our list of the highest-valued startups of 2022 shows, the ones who make it seem to break all barriers.

The past few years have been exceptionally good for the tech industry. The pandemic accelerated digitalization across sectors. Customers started spending more time online and millions of new users migrated to the digital world. All of this has been good news for those on the list of the highest-valued startups.

So, what sectors are represented in this exclusive club of the highest-valued startups? As you would suspect, there’s a lot of technology. From artificial intelligence to fintech to software to space exploration, it’s the technology sector that leads the pack in this list. If you’re an entrepreneur, here’s your ultimate source of inspiration: A list of the highest-valued startups in the world.

1. Bytedance – $140 Billion

Highest-Valued Startups

The highest-valued startup in the world is Bytedance, founded by Zhang Yiming, Liang Rubo, and others in 2012. The company is now valued at a whopping $140 billion. The Chinese firm that’s primarily into artificial intelligence is known as the developer of the video-sharing social networking app TikTok and its Chinese alternative Douyin.

Focusing primarily on apps of entertainment value, Bytedance uses advanced machine learning to deliver customized newsfeeds for its users. Its content discovery platform, Toutiao (‘ headlines’), curates news from both new media and traditional sources and is also a leading brand in China.

With revenues of $58 billion in 2021, Bytedance isn’t merely competing with the Chinese tech giants like Tencent, Baidu, and Alibaba. It’s also one of the biggest competitors for Meta. With around 30 percent of Generation Z’ers preferring to use TikTok for product research and 90 percent of users accessing the app every day, Bytedance’s leadership doesn’t seem to be under any immediate threat.

2. SpaceX – $100.3 Billion

SpaceX, with a valuation of around $100.3 billion, is second on our list of the highest-valued startups. Founded in 2002, the company is led by one of the most well-known entrepreneurs on the planet, Elon Musk. The firm focuses on the designing, manufacturing, and launching of rockets and spacecraft.

With a mission to make humanity an interplanetary species, SpaceX has been developing a massive rocket called Starship to colonize Mars. Although it has only undertaken low-altitude flights off Earth’s surface, according to Musk, the rocket is on target to achieve its gigantic mission.

NASA astronauts on the Artemis 3 mission to the moon will be ferried on a SpaceX vehicle. Space tourism is another focus area for the firm. The company hopes to commercially exploit the possibilities of private space services. SpaceX also has an internet system called Starlink that provides low-latency internet access to consumers around the world.

3. Shein – $100 Billion

Generation Z isn’t excited by legacy fashion brands. What has captured their imagination is an ultra-fast e-commerce fashion brand called Shein which has become the most popular shopping app in not just the USA but also several other markets. With a valuation of close to $100 billion, this Chinese brand has redefined the category for millions around the world.

With men’s wear, women’s wear, children’s apparel, and other accessories and products Shein is immensely popular with the younger generation of consumers. Primarily targeting shoppers in the USA, Middle East, and Europe, the brand’s graphic tees, boho dresses, patterned blouses, and chic swimwear are not just trendy but exceptionally affordable.

Unlike others in the category, Shein uses technology to understand customer insights and preferences and manufacture products with in-built demand. Using vloggers, the brand engages with a digital-native generation to advertise its trendy and affordable range that doesn’t compromise on quality. In a short span, the company has managed to achieve marketing stardom usually deserved for brands with decades of presence in the market.

4. Stripe – $95 Billion

Few sectors have seen the kind of venture capital activity and valuation surge as fintech. Leading the pack is Stripe, a company that’s building an economic infrastructure for the online world. With a valuation of around $95 billion, it’s fourth on our list of the highest-valued startups in the world.

Stripe offers merchants a digital payment processing platform that can safely accept credit card payments. Today the brand powers payments for some of the biggest names out there, including, Pinterest, Under Armour, Lyft, and Blue Apron. The platform can handle transactions in over 135 currencies, which makes it the right solution for companies that sell their products and services internationally.

The online payment giant is now developing APIs to allow developers to implement their payment capabilities. These APIs can manage everything from processing to acceptance to settlement and reconciliation. Stripe is also launching new offerings that help companies create their own tools for analytics.

5. Klarna – $45 Billion

The second name from fintech in our grouping of the highest-valued startups in the world, Klarna is a Swedish bank that provides easy-to-use and safe payment solutions to online stores. What makes this $45 billion company different from others is its concept of post-delivery payment that allows buyers to receive goods before paying for them. 

Klarna accepts responsibility for the transaction. This ensures that the merchants get full payment while the buyer gets the flexibility to pay later. The seller doesn’t have to worry about any delayed payments since the company manages the back-end task of collecting payments through flexible modules.

The company is empowering consumers to buy products and services that they otherwise wouldn’t have been able to. Klarna is now present in 11 countries including the US, UK, and Australia. Its north European market share in e-commerce is now at ten percent. H&M, Expedia, Topshop, Missguided, and Moss Bros are some of the brands that use Klarna for their payments.

6. Checkout.com – $40 billion

Europe’s top tech unicorn, Checkout.com is the next fintech name on our list of the highest-valued startups. This $40 billion firm empowers merchants to accept more payments through a unified global platform. The company aims to be a one-stop-shop for everything related to payment, from accepting and processing transactions to detecting fraud.

What makes it different from Stripe, the other payment platform on our list is its focus on big merchants. While Stripe works with hundreds of thousands of merchants, Checkout.com only partners with a few thousand sellers. Their enterprise-only, exclusively online model has helped them succeed in a highly competitive industry.

Some of the company’s payment partners include Farfetch, H&M, and Pizza Hut. Checkout.com also is the preferred payment platform for other names in the fintech industry including Klarna, Coinbase, and Revolut.

7. Canva – $40 Billion

Graphic design isn’t something usually associated with unicorns. That was until Canva entered the picture and disrupted the sector with a collaborative, web-based design platform. This $40 billion company has democratized design and is empowering ordinary users to create high-quality designs for presentations, print, web, social media covers, posters, flyers, invitations, and much more.

Founded in Australia by Melanie Perkins, Cameron Adams, and Clifford Obrecht, Canva today is the go-to platform for creating designs online. With more than 8000 free templates, anyone can create a professional-quality design through its easy-to-use drag and drop feature.

Canva has 30 million monthly active users from over 190 countries. The platform is now used by not just individuals but also companies that don’t want to rely on external design agencies for their design tasks. Voted as the best place to work in Australia, the company is on a mission to change the world of graphic design.

8. Instacart – $39 billion

Founded by Apoorva Mehta in 2012, Instacart is a mobile app that allows users to shop for groceries, alcohol, and prescription deliveries. This $39 billion firm specializes in fast delivery from local stores located within an hour’s distance from the user. Consumers can fill up their carts, make online payments, and let the platform take care of the rest.

Delivery is managed by personal shoppers who manage their transportation. This crowdsourced model makes sure that users get their orders within the allotted time frame. By recruiting non-professional courier personnel, this on-demand platform has significantly added to the roster of its delivery crew.

Using artificial intelligence for inventory and delivery monitoring, Instacart provides demonstrable advantages to customers. Today, the service is available in 85% of the US and 70% of Canada. The service has become so popular that customers can even get their Walmart orders delivered through Instacart.

In short

As our list of the highest-valued startups in the world shows, companies that can provide value to customers, deliver innovative solutions and disrupt the category, and use technology to scale efficiently stand to gain a lot in this increasingly digitalized world.

Creating a Company Vision

By
Forever Mogul Team
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0

The stage is set; it’s the 1920’s there are budding companies that haven’t embarked on the road to glory yet but have a vague vision of where they aim to be. Anyone who made an investment of even one dollar in any of these companies would outdo Wall Street with a 50: 1 ratio by the mid-90s, courtesy of the brilliant vision that the company’s forefathers have laid out. That’s how magnanimous an impact a strong vision can make on a company.

Why does your company need a vision?

Moving forward with your business without a vision is as good as asking for directions without specifying the destination. However, a clear-cut vision can help in propelling your business forward so you know the direction that you’re headed in despite the setbacks. Setting a vision for your company’s future is a blend of what you aim to achieve professionally and personally through your company, in the years to follow. It isn’t uncommon to find yourself at a loss as to where your company is headed when uncertainty lurks in the backdrop and you hit a bump every now and then.

“Moving forward with your business without a vision is as good as asking for directions without specifying the destination.”

Being preoccupied with the minute details and intricacies of running a company can often leave little time to plan out a vision, but understand that this is essential to steer your company in the right direction.

How to envision your vision?

Ideally, your company’s vision should energize, excite and scare you, all at once. While outsiders may label your vision as nearly impossible, persistent belief, efforts and shrewd maneuvering can transform your vision into a reality. A good way to start out developing a vision for your company’s future is by asking yourself some simple questions like :

  • How is your company faring in the market at present?
  • How do you want your company to shape up in the next “n” years?
  • What are the product/service lines that are currently excelling?
  • Which of your products/services could you be leveraging to create the company you had envisioned when you started out?

Once you answer these questions, you’ll have a better idea of your company’s vision.

Building the vision

Remember the big dreams that you thought of when you started off your business? Well, stick to that thought while laying out your business’s vision for the future. Ask yourself what is the purpose of your business. Is it to make avante-garde innovations, put to stop an existing issue, or make people’s lives easier. How do you plan on changing the universe? Start out by envisioning what products/ services you’d want to lay out in the market in the future. These could be services that you are already offering that are performing relatively well in the market or other lines that you plan on spreading out to as a part of your expansion plans. Layout goals both for the immediate future and the long-term on who you’d want to target as your business’s clients and customers. Another crucial question that you’d want to ask yourself is where do you ultimately see your company, do you expect it to grow further and further, or plan on selling it once it lands on a steady footing and you’ve made enough profits?

While the vision’s been abstract for the most part up until this point, you should also be looking at setting tangible goals. Financially, how much sales or revenue do you expect to target in the next few years. How about the net margins and gross margins? The vision should also focus on the employees who are the foundation of the company. What type of culture do you expect your business to propagate? This includes the attitude, skill-set, and attributes that you’d want your company and its employees to be identified with. This can also shed some light on corporate norms or guidelines that you should enforce to help your business achieve the envisioned culture.

Executing your vision

It’s always good to get your think-tank (trusted advisers or mentors) on board when you’re working out the vision. This way, you can plan out a well-rounded vision that addresses your concerns and dreams realistically. Once you have a feasible vision in hand, you can begin to address the implementation aspects. Set out strategies and performance goals that help in facilitating and checking if your company’s operations are in line with your aspirations.

Understand that a vision is merely acting as a pathway for you, to start out at your aspirations and emerge at its successful end. Constantly reviewing your goals to not deviate and accommodating processes and guidelines to back your ultimate vision can drive more momentum into it. Also, you will have to revisit your vision and the corresponding strategies from time to time. This is especially true if your vision’s set for a five year period or more, during which you are bound to see changes in the market, your product line, and aspirations as well. Tweak the vision as and when required so it isn’t incoherent with your business’s current functionality or purpose, and doesn’t turn rusty either.

Great Services for New Entrepreneurs

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Forever Mogul Team
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Becoming an entrepreneur is a scary thing to do. By the very nature of the endeavor, you are throwing yourself into an unstable situation in the hopes of creating something better for yourself. However, where there is a risk, there is a chance for reward, and entrepreneurs stand to gain so much more than most do. Just be sure that you are giving yourself your best possible chances. This article aims to outline some brilliant services that entrepreneurs might find useful.

Becoming an Entrepreneur

The process of becoming an entrepreneur is a variable one. Not everyone gets into it in the same way, and it is often a personal decision. However, there are certain elements of becoming an entrepreneur that you are going to have to do the same way regardless of who you are.

Getting Registered. If you’re going to operate as an entrepreneur, then chances are you will be establishing your own business or working as a freelancer. In either case, you will have to properly register to work in that fashion.

Doing Your Research. Additionally, a good entrepreneur knows the power of knowledge and how doing a little bit of research can go a long way in helping you find success. By spending a little while researching a topic you’re interested in, you might be able to learn more than you think.

Developing Your Skills. When you are working for yourself, the skills you have developed are the most valuable things you have, so, as an entrepreneur, developing your skills is incredibly valuable. Of course, you’ll want to identify which skills are going to be most beneficial to the industry you’re interested in, and then spend as much time as you can building those skills.

Establishing Your Business

Of course, before you can begin benefiting from the services that can help to further develop your business, you need to first establish your business. This might seem like a complicated process, but it can be fairly simple if you know what you are doing. So if you’ve done your own research, then establishing your business is something that you should know well how to do. However, there are a couple of points that are worth emphasizing here.

Creating Your Web Presence. First, it is absolutely vital that when you’re establishing your business, you take care to ensure that you are developing a powerful web presence. The development of a web presence is hugely beneficial to the effective development of a powerful brand. Still, it is also a brilliant way to give yourself a hub on the Internet and start drawing in interested customers towards your business specifically.

Capturing Your Target Market. Speaking of drawing and interested customers, another thing that you are going to need to be absolutely certain that you do when you develop your own business is that you capture your target market effectively. You should already know how vital your target market is to your business. So you need to be sure that you develop highly effective marketing strategies that can help you to powerfully grasp the attention of your potential audience, something that will be further discussed below.

Financial Management

One of the most important services you will probably need – as a new entrepreneur – is financial management services. It can be incredibly difficult to stay on top of your finances at the best of times, especially when you are trying to manage the creation of a brand new business. Often, entrepreneurs simply do not have the time to spare to manage their finances personally. However, they still need to keep a detailed track of what they’re spending, what they’re earning, and how that all comes together in terms of their taxes, which is why you might want to consider hiring a financial management service. This would clear you up to pursue your entrepreneurial passions while still staying on the right side of the law.

Marketing Tactics

Another incredibly important point in becoming an entrepreneur is that you need to make sure that you understand how to effectively market your new business, or else it is sure to fail. There are plenty of marketing strategies that might be of interest to an intrepid entrepreneur, but none so important as engaging with the sales of merchandise. By selling merchandise, you can increase your company’s income, solidify the loyalty of your existing customers, and potentially increase the range of your brand and bring in new customers. This is a triple threat of helpful effects, and it is something that makes anthembranding.com and other businesses that produce merchandise very worthwhile.

Web Presence

Building a powerful web presence is one of the most intelligent things you can do when you are starting a business in the modern age. A vast majority of shoppers engage with the Internet at one point or another in their shopping process. By engaging with a web presence, you give yourself a much, much better chance of your marketing finding your preferred potential customers.

Skill Building

Finally, while skill building is incredibly important to developing a healthy entrepreneurial attitude, one of the best ways to help yourself do this more effectively is to engage with skill building services such as LinkedIn Learning or Brilliant. By doing so, you can help yourself to quickly and effectively learn important skills by benefiting from the experience of highly trained professionals.

Six Senses To Open World’s First Energy-Positive Hotel In Norway

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Forever Mogul Team
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Set to open in 2024, Six Senses Svart will be the first energy-positive hotel on Earth, entirely off-grid and carbon neutral. Six Senses already operates 21 hotels and resorts in 17 different countries and has a further 33 properties in the development pipeline. Still, its new Norway location will stand out in a big way.

Situated at the foot of the breathtaking Svartisen glacier, the Six Senses Svart design is inspired by a coastal fisherman’s cabin known as a rorbu. ‘Svart,’ which translates to black and blue in old Norse, refers to the natural heritage of the ancient Svartisen glacier.

Six Senses

The Six Senses Svart’s distinct circular shape and transparent appearance create a genuine feeling of “openness and perpetual consciousness of nature.” On top of that, guests will enjoy the stunning panoramic views. Six Seven Svart’s location is perfect for travels, where summer days last forever and the breathtaking Northern Lights illuminate winter nights.

The 94-room hotel will be carefully suspended above the Holandsfjorden fjord via poles that minimize the impact on the surrounding glacial environment.

The distinctive building, which takes cues from a wooden structure for drying fish known as a fiskehjell, will be outfitted with the latest green technology. Six Senses says the property will harvest enough solar energy to power the hotel and all other adjacent operations. This includes the net-zero boat that will shuttle guests sans emissions to and from the remote destination.

Even the construction of the hotel will be carried out using solar energy. It will also be self-sustaining, with a waste and water management system and recycling infrastructure. The hotel will also house an Alchemy Bar highlighting regional healing techniques, an Earth Lab showcasing various eco-initiatives, and a Svart Design Lab displaying the green tech. There will be a zero-waste restaurant and bar that will serve up fresh local produce sourced from like-minded local suppliers.

Neil Jacobs, CEO of Six Senses, said that the hotel takes the company to another level of “pushing boundaries” as exceptional creativity is required for sustainable properties.

“The concept has become bigger than the project itself, as it will provide a futuristic showcase for what can be achieved in terms of sustainability and energy solutions, and therefore a blueprint within our hospitality industry and the development sector in general,” Jacobs said in a statement.

Six Senses signature programs will be centered around the six dimensions of wellness, along with a new technology called Svart Touch that is said to adapt each room to the guest’s state of mind. You can embark on everything from vitamin IVs to pampering scrubs during your stay.

“Six Senses is redefining the travel experience through technological innovation, ground-breaking design, and exceptional guest wellness journey by creating a carbon-neutral visionary destination where we can showcase the core pillars of what modern hospitality design and operation can achieve,” Svart development director Ivaylo Lefterov concluded.

The Biggest Crypto Heists

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Forever Mogul Team
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The world of crypto is volatile and fast-moving – and for as many investment opportunities as it represents, the risks presented by cryptocurrencies can also become costly losses for the unprepared.

In crypto, much is said of the encryption technology of the blockchain and of cryptocurrencies themselves, likening themselves to the true digital equivalent of cash. Yet the problem with cash, of course, is that it can be stolen.

Crypto crimes are becoming ever more daring

Once thought impossible in the crypto space, these super secure blockchain coins are actually becoming lucrative opportunities among the criminal underworld – or even the brave and the bold who have access to areas of an organization that expose vulnerabilities in a given crypto token’s network.

Whether crimes of opportunity or meticulously planned thefts, schemed to the last detail, there’s no denying that the headlines today are ablaze with crypto crimes as much as they are opportunities.

Is this the cost of creating true digital cash? Is regulation the answer, or does that invalidate the decentralized philosophy that crypto collectors uphold so passionately?

Whatever the answer, here are the biggest crypto heists we know – backed by data from Statista.

Poly Network – $611 million in crypto stolen

Crypto Heists

The largest crypto heist ever recorded is also troublingly recent, considering when it was executed. In August 2021, the peer-to-peer token exchange Poly Network announced that over $611 million in crypto coins and tokens had been illegally removed from its platform.

The staggering sum had many raising concerns over the decentralized finance (DeFi) space and its comparative lack of regulations when compared to traditional fiat money systems.

Indeed, it may well be the more regulated fiat system that ultimately prompted the thieves to return the crypto to Poly Network. While both the organization and Twitter discourse surrounding the crypto heist labeled it a ‘white hat’ hack that exposed security vulnerabilities in Poly Network’s digital infrastructure, some experts believe that laundering such an incredible sum of crypto was almost impossible for the criminals to get away with – hence the return of the funds.

Ronin – $540 million in crypto stolen

Ronin is most widely known as the organization responsible for pioneering the NFT-based online video game Axie Infinity. However, an unfortunate crypto heist in 2022 has tarnished this reputation as an innovator in the entertainment industry with a high-profile hack, to the tune of $540 million in stolen crypto tokens.

Both Ether coins, part of the leading cryptocurrency Ethereum, as well as USDC stablecoins were stolen as part of the heist. It’s important to remember that, although the value of the stolen assets has since ballooned to $625 million as time has passed, the $540 million value as of late March 2022 still makes this a hugely significant security breach.

Many in the United States have blamed criminals in North Korea for the crime. However, what makes this crypto heist especially egregious is that it utilized specialized internal protocols and node infrastructures developed by Ronin themselves to ‘override’ the traditional checks and security measures that blockchain technology uses when moving funds from user to user. This has once again raised huge concerns over the efficacy of security in decentralized finance at large.

Coincheck – $500 million in crypto stolen

Until the dawn of the 2020s, the infamous Coincheck crypto heist was the biggest of its kind in history. Headquartered in the Japanese capital of Tokyo, Coincheck is a cryptocurrency exchange, designed to easily allow users to switch between crypto tokens and invest speculatively in assets.

This was one of the first crypto heists that put something of a stalemate in place between the criminals and the financial institutions responsible for the crypto ecosystem. For example, although the more obscure NEM crypto token was the one chosen when making off with £500 million, it has the same transparency in wallet addresses as almost all other crypto uses.

As such, said NEM addresses were able to simply be blocked by other exchanges, meaning that the criminals were unable to convert the $500 million into more tangible and effective currency. Neither could they spend the NEM tokens themselves, which were blocked whenever coming from the flagged wallet addresses.

Mt. Gox – $480 million in crypto stolen

While we’re remaining in Japan to discuss this next crypto heist, we are casting the timeframe of the crime back to 2014 – when the crypto world was far more straightforward. Unfortunately, that did not mean that hacks against crypto exchanges such as Mt. Gox were any less devastating.

In fact, the aftermath of the $480 million being stolen from the Japanese crypto exchange in question was such that the business had to file for bankruptcy. The thieves made away with the funds entirely in Bitcoin, and at the time the crypto heist sent shockwaves around the world – shockwaves so impactful that many considered it the death knell of Bitcoin altogether.

Naturally, time has proven that the crypto world has in fact only grown more vast and complex following this heist. However, even this devastating blow was the second time that Mt. Gox had been hacked – originally suffering a similar crypto heist in 2011.

Wormhole – $326 million in crypto stolen

Proving once again that 2022 has become a landmark year for history-making crypto heist activities, the crypto token bridge Wormhole suffered a hack in February 2022 that saw over $326 million dollars in wETH (wrapped Ethereum) stolen.

Wormhole functions as a way for users to transfer the value of one crypto token to another – in this instance, it was the bridge between Ethereum and Solana crypto tokens that had been targeted by cybercrime.

Interestingly, Wormhole offered to let the hacker keep $10 million in crypto as a ‘bug bounty’ if the remainder of the stolen tokens were returned – a stunning move, that some might say even incentivizes cybercriminals to attempt crypto heist activities more often for the rewards, if not the full spoils of the crime, should such a precedent be set.

KuCoin – $285 million in crypto stolen

Online thieves who exploited the weaknesses of the ‘hot wallet’ powering popular crypto exchange KuCoin were able to make off with an aggregated $285 million in 2020 – believed to be the biggest crypto heist of that year.

Priorities at KuCoin shifted immediately to ensuring that users’ funds remained covered, although interestingly, not all of the stolen funds were able to be recovered. 16% of the stolen sum had to be reinstated via insurance for KuCoin.

Naturally, the crypto heist at KuCoin motivated the organization to double down on security protocols and upgrading its infrastructure, yet as this very article demonstrates – cybercriminals seemingly can always find a way into any and all exchanges for crypto assets if they truly want to.

Furthermore, the scores they are making off with as the decade goes on only seem to be getting bigger and more daring.

BitMart – $196 million in crypto stolen

In 2021, cybercriminals were able to exploit security weaknesses in the BitMart crypto exchange and make off with a mixed bag of crypto tokens – totalling over $196 million in value at the time.

The stolen crypto, largely on the Ethereum blockchain save for $96 million in Binance Smart Chain tokens, was stolen via the utilization of private crypto keys, which had been accessed illegitimately after being compromised.

While BitMart was left to compensate users entirely out of the organization’s own capital, the criminals responsible for the crypto heist were able to cover their tracks more effectively to ensure the funds were laundered and capable of being cashed out.

To do so, they reportedly used 1inch to swap tokens for ETH, following that by then using that ETH with Tornado Cash to conceal their identities. This level of forward planning demonstrates that this was likely a coordinated and delicately planned crypto heist, rather than a crime of opportunity.

BitGrail – $170 million in crypto stolen

In 2018, the lesser known Italian crypto exchange BitGrail saw the likewise comparatively little known cryptocurrency Nano as the coin of choice for cybercriminals, who made off with the equivalent of $170 million of them in a daring heist.

The crime was significant enough to actually dent the trading price of Nano as a cryptocurrency for a short time, although it soon bounced back – crypto often proving resilient in even the most surprising market conditions.

This crypto heist was among many in 2018 that encouraged many investors to behave far more cautiously when investing on smaller and more unproven exchanges – or indeed, storing the majority of their crypto assets in ‘cold wallets’ and away from exchanges altogether.

Crypto crime continues to grow

The more complexity and regulation that gets introduced to the crypto market, the more inventive and ostentatious cybercriminals seem to be becoming. As crypto continues to boom and draw attention, the industry as a whole is experiencing as many growing pains as it is opportunities.

As the aggregate dollar figures of crypto funds being stolen increases in one shocking crime after the next, it seems security in the crypto industry is going to become ever more a talking point in the months and years ahead.

Madonna Lists Home She Bought From The Weeknd for $26 Million

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Forever Mogul Team
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Madonna, the ‘Queen of Pop,’ is looking to make a quick flip after buying the Los Angeles-area mansion from R&B star The Weeknd only last year. The Weeknd, whose real name is Abel Tesfaye, paid $18.2 million for the property in 2017. He has since upgraded to a nearly $70 million mansion in Bel-Air.

Located in the star-studded Hidden Hills enclave, you’ll be surrounded by big-name neighbors like Drake and some of the Kardashians.

Madonna Lists Home
Alfred Yson

Listed for $25.995 million, which is $6.7 million more than it was bought for, if it sold for that sum, it would mark a significant profit over the $19.3 million she paid in April 2021.

The nearly 3-acre property sits at the end of an olive tree-lined driveway with a ‘storybook bridge,’ according to the listing with Trevor Wright of the Beverly Hills Estates. A two-story wall of windows allows natural light to fill the foyer of the roughly 12,000-square-foot main house.

Karina Guevara

The two-level main house boasts a minimalistic design dressed in white, with high ceilings and wide-plank wooden floors and the open-air design helps the space to feel large and airy. Past the adjoining family room with a marble-framed fireplace lie a formal dining area, a neon-lit wine cellar, an office, and a home theater. The property also has a music lounge.

Redfin

All seven bedrooms are on the second floor, including the master suite, which has a huge walk-in closet and private terrace. It even has its own luxe marble-lined bathroom with a separate tub and shower.

The Material Girl appears to have added her own touch to the property, including a newly built gym and a studio for dance, yoga, or Pilates. New owners may consider the property’s neon-lit, five-bay garage its crown jewel.

Alfred Yson

According to the listing, the property also includes a two-bedroom guesthouse.

As you venture outside, you’ll find a variety of amenities to keep you entertained. The property features an infinity-edge saltwater pool, a 10-person spa, and a full-size orange neon basketball court. Horse breeders and riders alike will also be able to house their brood in the home’s eight-stall barn.

Representatives for Madonna didn’t say why she’s making this move, reports The Wall Street Journal. The Agency holds the listing; visit their website for more details.

More Photos

Madonna's Hidden Hills Mansion
An aerial view of the house.
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Alfred Yson
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Alfred Yson
Karina Guevara
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How to Start Your Own Home Healthcare Business

By
Forever Mogul Team
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0

There has never been a better time to launch your own home healthcare business.

The population is aging. Demand for healthcare is on the rise. Plus, there is a distinct lack of qualified professionals across many key fields of healthcare.

That being said, if you are going to start up your own home healthcare business, you have to go about it the right way.

Fortunately, if you have the entrepreneurial spirit in abundance but you are lacking in a few important details, then the below guide to starting your own home healthcare business is exactly what you need to get the ball rolling.

What is home healthcare?

Let’s start right at the beginning. Home healthcare is a broad term that is used to describe both skilled home care and non-medical home care.

The former involves providing medical care to patients in the comfort of their own homes. Whereas the latter refers to help with daily activities such as preparing meals, general cleaning, and helping with errands.

The main purpose of a home healthcare facility is to provide care to individuals who do not want to visit a health facility to receive specialized care.

In the United States alone, the home healthcare business is worth a whopping $84 billion and shows no signs of slowing down. People want to be cared for in their homes and keep their independence rather than be moved into a nursing home or other elderly care facility.

How to start a home healthcare business

While you can choose to specialize in any field of healthcare that you have an interest or experience in, some of the most in-demand services include nursing, therapy (physical and speech), social work, and elderly care.

Step 1: Create a business plan

Every business needs a business plan, and a home healthcare business is no exception. To create the ultimate business plan, you need to consider all the logistics needed to get your business off the ground.

Although it is highly beneficial if you have a clinical background or experience in the healthcare sector, you still need to think like a business owner and plan for every eventuality.

You can find several free business plan templates online if you are not sure where to start with this key task.

Step 2: Budget your capital expenses

You need to know exactly how much it is going to cost you to get your business up and running. Otherwise you may just as well admit defeat before you even begin.

If you want to provide high-quality home care (which, of course, you do), you need to invest in quality equipment and supplies. You also need to factor in rental expenses and the cost of staff.

If you are not skilled in budgeting and financing, you may want to think about pursuing an advanced degree like an Executive Masters of Health Administration, which will arm you with all the leadership skills you need to run a successful healthcare business.

Step 3: Raise the funds

Now that you know how much you need, the next step is to come up with the capital. If you don’t have any savings put aside for this or you are coming up a little short, then there are several avenues available to you:

  • A business loan from your bank
  • A business loan from a credit financing company
  • Government grant
  • A loan from family or friends

It is thought that around 20% of new businesses fail within the first year, mostly down to issues with cash flow, so you need to make sure you have sufficient funds to get you through the first tough year of business.

Step 4: Apply for a license

Before you can start trading, you need to apply for a home health care license in your state. While the exact licensing laws will vary from one state to the next, typically, you will have to:

  • Incorporate your business
  • Obtain a TAX ID
  • Obtain a National Provider Identifier (NPI)

If you don’t know if you have completed all the necessary licensing requirements, get in touch with your State Department of Health to double-check everything before you open for business. It could give you peace of mind.

You will also need to take out insurance policies such as public liability insurance, professional indemnity insurance, and medical malpractice cover. Do not overlook these. Taking out insurance can ensure you won’t take a detrimental financial hit if something was to go wrong.

Step 5: Find staff

When it comes to home healthcare, or in fact any healthcare service, finding experienced and compassionate staff is a must.

If you have previously worked in a healthcare facility, you may already have connections within the field who may want to come and work for you. If not, you will need to spend some time recruiting the right staff, or you could choose to use a recruitment agency.

Make sure that you conduct full background checks on anyone that you hire, and do not be tempted to take on too many employees too soon as this can cause cash flow problems that could force you to shut down.

Step 6: Promote your business

You have staff. Now you need clients.

The easiest and probably quickest way to start building up your client base is to build a website. While the patients themselves may not be searching for home healthcare online, their family members probably are. You should also promote your business on social media.

You may also want to try and spread the word in your local community. Reach out to senior centers, long-term healthcare facilities, and rehab clinics and tell them about your new business. Post leaflets through local letterboxes. Put an advert in the local paper.

It can also be highly beneficial to join local business associations, as remember it’s not just what you know but who you know that’s important.

Conclusion

And there you have it. In just six straightforward steps, you have built your own home healthcare business. Now all that’s left to do is provide the best possible care to your clients and their families.

Good luck!

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