A Tour of Entertainment Legend Tyler Perry’s 300-Acre Studio Compound in Atlanta

Source: AD

Today we take you to Atlanta, Georgia to tour the sprawling Tyler Perry Studios. Home to productions like Marvel’s “Black Panther” and AMC Networks’ “The Walking Dead,” the self-made entertainment legend’s production compound is larger than Warner Bros. and Walt Disney’s Burbank studios combined.

12 newly-dedicated sound stages are joined by an entire backlot neighborhood called “Maxineville,” featuring a perfect replica of Madea’s house. Tyler Perry Studios is the centerpiece of Georgia’s burgeoning film industry and a testament to the vision, success, and generosity of its founder.

How WeWork Went From Being The Darling of The Venture Capital World to Needing An $8 Billion Infusion

Source: Bloomberg

In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid running out of money. This is the story of Adam Neumann, Softbank's risky investment, a failed IPO and how we got here.

Santander in 350 million pound deal for stake in UK’s trade and foreign exchange facilitator Ebury

(qlmbusinessnews.com via uk.reuters.com — Tue, 5th Nov 2019) London, UK —

MADRID (Reuters) – Santander (SAN.MC) has taken a 350 million pound ($453 million) majority stake in UK-based Ebury as part of a digital strategy to boost growth through new ventures, the Spanish bank announced on Monday.

Ebury is a trade and foreign exchange facilitator for small and medium-sized companies which operates in 19 countries and 140 currencies, Santander said in a statement.

Santander said it is acquiring 50.1% of Ebury for 350 million pounds, of which 70 million will be new primary equity to support Ebury’s plans to enter new markets in Latin America and Asia.

The bank said it expects a return on invested capital (RoIC) higher than 25% in 2024.

“Small and medium-sized businesses are a major engine of growth around the world, creating new jobs and contributing up to 60% of total employment and up to 40% of national GDP in emerging economies,” said Santander executive chairman Ana Botin.

Like banks across Europe, Spanish lenders have turned to more profitable enterprise lending in a bid to lift earnings as low interest rates squeeze financial margins.

Santander is also focusing on emerging economies while cutting costs to counter squeezed margins from ultra-low interest rates in mature European markets.

Santander said Ebury’s existing investors, including co-founders and management, would reinvest in the transaction and the current management team will remain.

Ebury has generated average annual revenue growth of 40% in the last three years, Santander said in its statement.

By Jesús Aguado

How 9 Billionaires Start Their Mornings

Source: BI

Getting up in the morning is hard for everyone — even billionaires! Both Jeff Bezos and Warren Buffett prioritize sleep aiming to get 8 hours per night. Oprah and Jack Dorsey meditate and exercise before starting their days. Following is a transcript of the video: Oprah's morning is very involved. The first thing she does when she rises at seven o'clock is brush her teeth before taking her five dogs for a walk. While she waits for her espresso to brew, she reads a card from her ‘365 Gathered Truths' box. Then, she turns to an app on her phone to read her daily Bowl of Saki. Next, she meditates followed by an hour long workout in the hills of her backyard. Elon Musk's morning is not as calm as Oprah's. He also wakes up at seven, but he gets right to business. Elon spends half an hour reading and responding to critical emails while drinking coffee. He says he's too busy for breakfast. After sending his five sons to school he showers, then drives to work. Sounds about right for someone who works up to 120 hours a week. Twitter founder Jack Dorsey says he gets out of bed 5:00 a.m. He meditates for 30 minutes and then completes a seven-minute workout three times. After that, he has his morning coffee and then checks in. Warren Buffett likes to sleep. He says he usually sleeps a full eight hours a night. He reportedly wakes up at 6:45 a.m. and starts his day reading newspapers like the Wall Street Journal and USA Today. Jeff Bezos also values his sleep. He says he makes it a priority. However, Bezos reportedly wakes up naturally, without an alarm. He likes to hold high-IQ meetings in the morning before lunch, ideally at 10:00 a.m. Bill Gates starts his day with cardio. The New York Times reported that Gates would spend an hour on the treadmill while watching educational DVDs. He says he enjoys Cocoa Puffs cereal but his wife, Melinda, says he doesn't eat breakfast. Many of us cannot imagine a morning without coffee, but Sara Blakely can. The founder of Spanx says she's never had a cup of coffee. Instead, she drinks a smoothie made of frozen wild berries, dark cherries, kale, dates, cinnamon, spinach, cilantro, fresh mint, lemon, water, ice, chia, and walnuts. Blakely also tries to get a yoga session in at 6:30 a.m. before taking her kids to school. Mark Zuckerberg stays true to his brand. The first thing he does is check his phone in bed. Mark Zuckerberg: The first I do is look at my phone. I look at Facebook. Jerry Seinfeld: Right. Zuckerberg: Right to see — to see what's going on in the world. Seinfeld: Right, right. Zuckerberg: And I check my messages. I look at Messenger and WhatsApp. He also says he doesn't like wasting time on small decisions which is why he wears pretty much the same outfit everyday. Anastasia Soare is the founder of makeup brand Anastasia Beverly Hills. She also reaches for her phone when she wakes up at 7:00 a.m. Apparently, Instagram is the first app she checks every morning. She always has two cups of black coffee and eats a light breakfast while answering emails. Her personal trainer comes to her house most days and she exercises for an hour. And of course, she never leaves her house without doing her eyebrows.

Who Wants To Be A Trillionaire?

Source: Bloomberg

There are millions of asteroids in our solar system. Because some are full of materials that are rare on Earth, they have been valued at stupendous amounts. But the most valuable resource in space may be something that's abundant back on the ground.

Inside the United Kingdom’s Tech Renaissance

Source: Bloomberg

Bloomberg’s Ashlee Vance heads to England to find out how the country is fighting to inject new life into its technology industry. The trip starts out in Bletchley Park. From there, it’s off to Cambridge, the heart of England’s technology scene. Vance hangs out with learned cows and artificial intelligence whizzes, bikes past Newton’s famed apple tree (at least a reasonable replica of it), and goes punting with the inventor of the Raspberry Pi computer. From Cambridge, it’s off to the Cotswolds and the headquarters of Dyson to see its latest creations. And then on to London to check out some startups and whine about Brexit while drinking the world’s most exotic cocktails at the Langham Hotel.

The Entrepreneurs and Visionaries Making New Business of Space The Next Giant Leap

Source: Bloomberg

In the not-too-distant future, entirely new industries will be developed in space. These are the stories about the entrepreneurs and visionaries who are taking that next Giant Leap.

How Billionaire Daniel Dines Has Spawned a New Shift in Tech Known as RPA

Source: Forbes

Daniel Dines is Romania's newest billionaire. UiPath, the company Dines cofounded, creates bots—blocks of code that automatically carry out repetitive tasks. You might associate bots with Russian election ruses or customer service stand-ins, but UiPath recently garnered a $7 billion valuation by selling a more humdrum kind that can pull numbers from invoiced PDFs into accounting software, or process insurance claims. This shift has spawned an entirely new tech category, known as “robotic process automation,” or RPA. Japan’s Sumitomo Mitsui bank group, a UiPath customer since April 2017, projects that reducing employee busywork and improving accuracy will have saved it nearly $500 million by next year. Giants like Toyota and Walmart have flocked to UiPath for similar magic. Setting up virtual robots is faster and cheaper: UiPath bot does the task endlessly, without complaint, for up to $15,000 a year. Some companies use thousands at a time.

Guy Laliberté The Billionaire Who Cofounded Cirque Du Soleil Debuts Montreal’s PY1 Pyramid

Source: Forbes

Guy Laliberté changed the world of entertainment when he cofounded Cirque Du Soleil. Now, he's looking to create a brand new phenomenon with Lune Rouge Entertainment, the corporate parent company of the PY1 pyramid and the psychedelic shows inside. In 2015, he sold off most of Cirque—walking away with $1.5 billion to put into new endeavors.

Two years ago, he launched Lune Rouge Entertainment—he has probably sunk $100 million into it between constructing the pyramid and developing the live entertainment—but it’s certainly the most visible part of his second act. And given how Cirque turned out, it could very well turn out to be more valuable than anything he has done since Cirque.

New Money: The Greatest Wealth Creation Event in History

Source: Stansberry Research

Why is one misunderstood nation now the source of more millionaires and billionaires than anywhere else on earth? And why does America’s mainstream press ignore this story? Join entrepreneur and legendary investor Steve Sjuggerud, as he explores this mysterious place, and explains how it now offers what he calls: “The Greatest Moneymaking Opportunity of Our Lifetimes.”

How The RealReal Consignment Company is Cashing in on Pre-Owned Luxury Brands

Source: WSJ

Resellers of designer clothing and apparel say there’s no reason to be closeted about buying and selling pre-owned luxury wearables. The RealReal consignment company is cashing in on the trend.

The Jerk Chicken Queen of the Bronx

Source: SFI

Fauzia Abdur-Rahman has been serving Jamaican food in the South Bronx from her cart Fauzia's Heavenly Delights, right outside the courthouse, for the last 25 years. The menu changes every day, but there are always two meat options, a fish option and three vegetarian options.

With the help of her daughter and husband, Fauzia makes her famous jerk chicken three times a week, and finishes it with her homemade jerk sauce that she makes with pimiento and scotch bonnet peppers, plus a host of other ingredients.

Grab Co-Founders of Southeast Asian ride-hailing discuss having their sights on becoming a super-app

Source: Bloomberg

Bloomberg Technology's Emily Chang speaks to Grab Co-Founders Anthony Tan and Hooi Ling Tan about the Southeast Asian ride-hailing business. In the exclusive conversation, they tell us how the company partnered with Uber, adding Dara Khosrowshahi to their board, and how they have their sights set on becoming a super-app.

Mama Jo NYC’s Official Grandmother of Breakfast Serving Customers for Over 35 Years

Source: Munchies

Mama Jo has been serving breakfast staples like bacon, egg, and cheese sandwiches and omelets and traditional Greek pastries, such as spanakopita and baklava, from her food truck in Midtown Manhattan for over 35 years. She claims to be NYC’s oldest street food vendor and isn’t planning on retiring her legendary food cart any time soon.

Mama Jo’s breakfast menu is longer than some dine-in restaurants’ menus, and it’s all done without sacrificing quality. She gets her ingredients fresh every morning in Astoria, Queens, serves food with a smile, and genuinely cares about her customers, really earning the name Mama Jo.

Inside The $2.8 Million Real Life Flintstone Home in Hillsborough, California

Source: BI

The Flintstone House is an eccentric house in Hillsborough, California. It was designed in 1976 by William Nicholson and most recently purchased by Florence Fang in 2017 for $2.8 million. Large dinosaur statues and other Flintstone-themed artwork cover the front and back yards. Town officials from Hillsborough sued Florence Fang, stating that her property doesn't comply with the community's code.

A Rare Inside Tour of Tesla’s First Gigafactory in Navada

Scorce: CNBC

Tesla’s Gigafactory in Nevada is expected to be the largest building in the world by footprint once completed. CNBC’s Uptin Saiidi gets a rare look inside what Tesla founder Elon Musk calls, ‘the machine that builds the machine.’

Inside Sneaker Con: Where Some Sellers Make Millions of Dollars on Pre-Owned Shoes

Source: WSJ

Sneaker Con co-founder Yu-Ming Wu and Hayden Sharitt, a 21-year-old resale business owner, take us inside the industry where some sellers make millions of dollars on pre-owned shoes, as they attend a sneaker trading show in Cleveland.