Michael Jordan
With a net worth of $3 billion, Michael Jordan has become the first pro athlete to be ranked among the 400 wealthiest people in the US, according to a new compilation by Forbes magazine.
In August, the basketball great sold his majority stake in the Charlotte Hornets basketball team. The deal was valued at a total of around $3 billion, 17 times its worth when Jordan became lead owner in 2010.
He bought the team for $275 million in 2010 and retains a minority stake. Before the sale, Jordan’s net worth was $2 billion.
Jordan earned approximately $90 million over his playing career. However, his wealth comes from investments and licensing deals.
The Brooklyn native teamed with footwear manufacturer Nike to launch the Air Jordan trainers in 1984.
The Jordan Brand followed, with shoes and apparel, including with other popular celebrities. The partnership earned Jordan an estimated $260 million in pre-tax income over the past year, according to Forbes.
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Over the course of his career, Jordan also endorsed other brands such as Hanes and Gatorade.
He continues to run several restaurants including a chain of steakhouses across the US.
Jordan, 60, has made many private equity investments. Earlier this year, he joined a $305 million funding round in Dapper Labs, the company behind virtual trading-card platform NBA Top Shot.
Other investments include eSports company aXiomatic, headphones company Muzik and estate planning financial technology firm Vanilla.
Jordan is also an investor in English Premier League football team AFC Bournemouth.
will.i.am
Flying cars could be landing near you soon if William James Adams Jr, known to the world as will.i.am, has anything to do with it.
The US rapper and record producer recently joined a $15 million seed funding round to help launch Jetson One, a drone-like electric aerial vehicle in 2024.
The single-seater vehicle is being manufactured by Jetson, a US-based aviation and aerospace company.
“I’m proud to be a part of the Jetson family and support the company’s mission to democratise flight, opening the skies to all. Personal aircraft ideal for short point-to-point flights will soon be a reality,” will.i.am said.
The company says it has already sold more than 300 units, each priced at $98,000. It is currently taking new orders, each with a down payment of $8,000.
Personal aircraft ideal for short point-to-point flights will soon be a reality
will.i.am,
rapper and record producer
Jetson is now working towards a series A funding round and a US launch. Deliveries are expected to begin in 2024.
Will.i.am, 48, has a net worth of $70 million, according to Celebrity Net Worth.
He is a member of the musical group Black Eyed Peas, who have sold more than 80 million records. Additionally, he has recorded many solo albums and produced tracks for artists, including Michael Jackson, U2 and Britney Spears.
As an investor, he holds stakes in at least a dozen companies, including the Californian meat substitutes brand Impossible Foods, Brazilian fan engagement platform BrandLovrs, pop culture app VersusGame and Canadian artificial intelligence company Stradigi AI.
His technology company i.am+ designs and manufactures earphones. In 2019, the company partnered with retail group Majid Al Futtaim to launch its interactive Omega platform in English and Arabic across the UAE.
As a tech entrepreneur and consultant to automotive companies, will.i.am has designed and manufactured custom cars with futuristic features in partnership with Mercedes-Benz, DeLorean and others.
Matt Damon
Actor Matt Damon’s asset manager last month announced the final close of its $150 million impact investment fund focused on solutions to address the global water crisis.
The fund aims to drive social impact by channelling private capital to financial institutions and grassroots enterprises in the water and sanitation sector.
It expects to improve access to safe water and sanitation for five million people across Asia, Latin America, and Africa over its seven-year lifespan.
“Water underpins every major global challenge. Addressing the global water and sanitation crisis is one of the best ways to build resilience to climate change, achieve global gender equality, and improve health and education,” Damon said.
The actor, 53, has a net worth of $170 million, according to Celebrity Net Worth.
He has acted in more than 75 films, including Mystic Pizza, Good Will Hunting, The Bourne Identity franchise and Oppenheimer.
With fellow actor Ben Affleck, he founded the production companies LivePlanet, Pearl Street Films and Artists Equity.
Damon founded H20 Africa Foundation in 2006 to raise awareness about safe water on the continent, later merging it with engineer Gary White’s WaterPartners to form Water.org and WaterEquity.
He has endorsed many brands, including Nespresso and Crypto.com, and reportedly holds a portfolio of non-fungible tokens.
Elton John
Singer Elton John and his partner David Furnish have joined a $5 million investment round in British music start-up Audoo. They join Abba's Bjorn Ulvaeus and MPL Ventures, Sir Paul McCartney's investment company, in backing the music technology company.
Audoo has now raised a total of $22 million. It aims to help artists recover royalties using a monitoring device to recognise songs played in public venues, such as cafés, gyms and sports stadia.
It claims to have a 99 per cent success rate. The devices are being rolled out across Asia, Europe, Africa and Australia through what its founder Ryan Edwards calls industry-first partnerships.
Artists lose an estimated $3 billion in unaccounted royalties each year, the start-up says.
“Working as a musician can be seen as all glitz and glamour but for the vast majority of artists, especially new and emerging acts, this isn’t the case. It’s often brutally unfair and this sadly extends into being paid correctly,” John said.
“Right now, artists are not being paid accurately for their plays because the data simply doesn’t exist. People have given up on their dreams and we've lost talent and future stars because of this disparity.
"That’s why we’ve invested in Audoo and their world-class technology and data, to help create a more transparent system for everyone, and ultimately to keep the music alive.”
Born Reginald Kenneth Dwight, John, 76, has a net worth estimated at £450 million ($575 million) by the UK’s Sunday Times newspaper.
His career earnings now total $1.98 billion, according to music industry magazine Billboard.
The singer is fresh off the end of his Farewell Yellow Brick Road world tour. It took a total of $939.1 million over five years – although it was interrupted by the pandemic.
He has sold more than 300 million albums worldwide, with 71 of his songs making the Billboard Top 100.
John has previously invested in technology platforms linked to art and culture. In 2017, he invested in Qloo, an AI data platform that analyses consumers’ cultural tastes.
Outside music, he invests in real estate and art. He has homes in the UK, Italy, France and the US, according to Celebrity Net Worth.
The website estimates his art collection, with pieces by Andy Warhol, Keith Haring and Damien Hirst, could be worth $200 million.
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Company%20profile
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Company%C2%A0profile
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
Abu Dhabi Grand Slam Jiu-Jitsu World Tour Calendar 2018/19
July 29: OTA Gymnasium in Tokyo, Japan
Sep 22-23: LA Convention Centre in Los Angeles, US
Nov 16-18: Carioca Arena Centre in Rio de Janeiro, Brazil
Feb 7-9: Mubadala Arena in Abu Dhabi, UAE
Mar 9-10: Copper Box Arena in London, UK
Global state-owned investor ranking by size
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UAE currency: the story behind the money in your pockets
Players Selected for La Liga Trials
U18 Age Group
Name: Ahmed Salam (Malaga)
Position: Right Wing
Nationality: Jordanian
Name: Yahia Iraqi (Malaga)
Position: Left Wing
Nationality: Morocco
Name: Mohammed Bouherrafa (Almeria)
Position: Centre-Midfield
Nationality: French
Name: Mohammed Rajeh (Cadiz)
Position: Striker
Nationality: Jordanian
U16 Age Group
Name: Mehdi Elkhamlichi (Malaga)
Position: Lead Striker
Nationality: Morocco
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
The%20specs
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Prop idols
Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.
Sophie Shams (Dubai Exiles mini, England sevens international)
An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.
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Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)
Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.
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Erin King (Dubai Hurricanes mini, Ireland sevens international)
Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.
UAE currency: the story behind the money in your pockets
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
THE%C2%A0SPECS
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PRISCILLA
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Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Rajasthan Royals 153-5 (17.5 ov)
Delhi Daredevils 60-4 (6 ov)
Rajasthan won by 10 runs (D/L method)
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
FROM%20THE%20ASHES
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The specs
Engine: 1.4-litre 4-cylinder turbo
Power: 180hp at 5,500rpm
Torque: 250Nm at 3,00rpm
Transmission: 5-speed sequential auto
Price: From Dh139,995
On sale: now
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
COMPANY PROFILE
Name: Mamo Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua Based: Dubai, UAE Number of employees: 28 Sector: Financial services Investment: $9.5m Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. Men from Barca's class of 99
Crystal Palace - Frank de Boer
Everton - Ronald Koeman
Manchester City - Pep Guardiola
Manchester United - Jose Mourinho
Southampton - Mauricio Pellegrino
Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
