Meet Frédéric Arnault: The Son Of Billionaire Bernard Arnault And CEO Of Tag Heuer

Bernard Arnault, the wealthiest man in Europe, has not yet disclosed his LVMH succession plan, although his fourth kid, Frédéric, has excelled in his role as CEO of Tag Heuer. The 27-year-old has played tennis with Roger Federer and Félix Auger-Aliassime, speaks four languages, and even plays the piano like his mother. He even once served as a Facebook intern. When it comes to luxury products, the Arnaults are the first family in the entire globe. The family behind the LVMH Moet Hennessy Louis Vuitton merger, led by Bernard Arnault, is often regarded as the wealthiest person in Europe.

The luxury firm has been managed for decades by 73-year-old Arnault. His projected $155 billion net wealth. Louis Vuitton, Christian Dior, Moet & Chandon, and TAG Heuer are the fashion houses that makeup LVMH. As time passes, rumors concerning Bernard's replacement have become more robust, which is made worse by the fact that the family won't discuss it publicly. Frédéric, Bernard's third son, is one of those up for the position and has been establishing a name for himself as chief executive of Tag Heuer. The following below are facts about Frédéric Arnault's life and career.

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Frederic Arnault was born to parents multi billionaire Bernard Arnault and Hélène Mercier welcomed their son Frédéric Arnault in 1995. The Arnault family is already the wealthiest in the world. The place and time of the businessman's birth have not been disclosed because Frédéric tends to be quiet. Frédéric is close with his brothers Alexandre and Jean Arnault, though. The trio frequently appears together on vacations and other outings, participating in opulent pursuits. Even though Frédéric's brother Jean is a more private person who does not enjoy revealing details of his personal life to the public, Frédéric frequently posts images of them on his Instagram.

Like Frédéric and Jean, Alexandre does not hesitate to express his siblings his love for them. Along with his two brothers, Delphine Arnault and Antoine Arnault are also half-brothers to Frédéric through his father's first marriage to Anne Dewavrin. The CEO of TAG Heuer has not posted pictures of his half-brother and sister on social media, in contrast to his own brothers. Frédéric is committed to accomplishing his goal despite his youth. He has dedicated himself to it. The young man is fully aware of how much he still needs to prove, and he is doing everything in his strength to ensure that his employees see their CEO as a leader and adhere to his corporate goals.

The young businessman first became acquainted with luxurious brand TAG Heuer when he was 11 and received a TAG Heuer Aquaracer from his father. His father acquired the company in 1999, and it has since grown to be LVMH's most significant watch brand. After his brother Alexandre, Frédéric was the second-youngest Arnault to hold that position when he was named CEO of TAG Heuer at 25. While he devotes a lot of attention to connected watches, which currently account for 15% of all sales, his primary focus is e-commerce, which is expected to grow by 329 percent in 2020.

He also helped TAG Heuer secure a significant partnership with Porsche. At the upscale watch company TAG Heuer, Frédéric became the CEO. He attended École Polytechnique, where he co-founded and sold to BNP, a mobile payments firm, with a friend. After then, he worked full-time as the director of the strategy and digital for TAG Heuer. Frédéric Arnault served as Lead Paramedic for the Paris Brigade of Sapeurs-Pompiers from October 2014 to March 2015. Later, he was keen to continue his father's business venture and joined it. Frédéric Arnault served as Tag Heuer's Strategy and Digital Director from 2018 to 2020.

He gained fame in 2020 when he teamed up with Ryan Gosling for Tag Heuer after taking over. Because Gosling had no social media presence and had never previously supported a product, the arrangement initially seemed strange. Frédéric recognized a chance and ultimately agreed to a two-year contract with Ryan Gosling after negotiations for one and a half years. In the third quarter of last year, it posted watch and jewelry sector revenues of $7.1 billion. In addition to speaking English, Italian, and German with ease, Frédéric is a multitalented individual who plays the piano and tennis. Over the previous three years, he has worked for the company in various capacities, developing digital strategies as watch manufacturers struggle to communicate with a new generation of buyers.

He formally started his post as the brand's chief executive. Frédéric worked closely with current TAG CEO Stéphane Bianchi before joining Facebook and McKinsey, despite being very young for his new position. LVMH-owned Swiss luxury watch company Tag Heuer's revenues have recovered since Frédéric Arnault took over as CEO in July 2020. He aims to grow Tag Heuer into a $1 billion company. That eliminates any room for laziness. Competitors like Breitling are also expanding quickly. And Frédéric, son of LVMH boss Bernard Arnault, says there is plenty to do. He’s bullish on everything from connected watches to lab-grown diamonds and NFTs.

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Sources: Vogue Business, Economic Times, Fortune

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A Peek Inside The Luxurious Life Of Cardi B's Daughter, Kulture

Kulture, the daughter of Cardi B, just added additional Chanel and Dior bags to her already impressive collection of high-end clothing. Evidently, the two-year-old is modeling after her stylish mother. Kulture Kiari Cephus, who is four years old, is undoubtedly one of the best-dressed celebrity children. It appears impossible to stop the youngster from adding luxurious high-end clothing to her collection. For her fourth birthday, the WAP singer and her hubby Offset gave the little girl $50,000 in cash. In 2021, she received a Minnie Mouse and Chanel diamond charm necklace.

She posts images and videos of her extravagant lifestyle, complete with pricey toys and fancy attire, for her 1.4 million Instagram followers to witness. Recently, Kulture donned a voluminous crimson high-low gown with gold glitter accents as part of her elegant Christmas attire. The toddler finished her ensemble with a big red bow and gold stud earrings. This year, Kulture received numerous gifts, including doll sets, toys, and a $1,000 Dolce & Gabbana doll from her father, in addition to the usual offerings. The youngster enjoyed the eve with her half-siblings, Kalea, Jordan, and Kody. Take a look at the luxury of Kulture's life.

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Cardi B is a fashionista, and Kulture, her daughter, is already a young version of her. It's no secret that Cardi spends a lot of time and money shopping for clothing and accessories. She doesn't always wear high-end brands but prefers highly expensive and sought-after bags for handbags and purses. She also doesn't like to wait for designers to send her freebies. Although Kulture is tiny, her collection of expensive designer purses is not. Kulture's present handbag collection is possibly worth more than what it will take to pay for her college expenses. Kulture already has two Hermès Birkins.

Fans were utterly taken aback by Kulture's personalized yellow Hermès Birkin bag, which costs $48,000 and was encrusted in thousands of Swarovski crystals. It took 100 hours to complete the purse, which was bejeweled with 30,000 different colored gems of all sizes in the shape of a rainbow. The renowned American rapper also gave her three Dior bags, one a saddle bag with a navy-blue emblem and two Lady Dior bags in white and beige. A Dolce & Gabbana square bag covered in tiny gems is also included. Naturally, Kulture flaunted her brand-new white Lady Dior bag in a collection of images. Her head is topped with a gigantic organza bow, and the purse is almost as big.

Cardi started the display by capturing Kulture as she arrived at her celebration in style, riding in a horse-drawn carriage with her parents and dressing like a real-life princess, complete with a tiara. Previously, Kulture's birthday party had a fairy tale theme and featured gorgeous decorations and kid-friendly extras like farm animals, Disney princesses, ball pits, bouncy houses, and even an indoor bowling alley for her and all of her tiny friends. Based on her social media posts, Cardi B's lavish spending apparently includes plenty of presents for her kid, Kulture. She and her husband Offset celebrated their daughter's fourth birthday this year with a spectacular party with a mermaid theme. On July 10, Kulture turned four.

On the same day the family visited the interactive children's museum Candytopia, the pair gave her a contentious gift of $50,000 in the form of a bundle of notes, which Cardi B recorded on her Instagram stories. But that's only the most recent small treat. Other than a birthday and a financial present of $50,000. Kulture was pictured last year looking very stunning and covered in diamonds. She wore a diamond charm necklace, a sparkly watch, and other sparkling bracelets. Gifting gifts is Cardi and Offset's love language.

Kulture received a lovely ride from Cardi B in 2019. It’s a Rolls-Royce Cullinan toy car. Rapper Offset made sure his infant daughter, Kulture, traveled in style by investing in an $8,000 car seat. The term Kulture is embroidered on the Rolls-Royce Cullinan automobile seat in addition to the luxury company's badge being printed on camel-colored leather. The couple has given Kulture expensive things and the mini motor car is by far among the most expensive ones. This personalized Kulture seat was given to Cardi B shortly after Offset gave her a genuine Rolls-Royce for her 28th birthday anniversary at a Las Vegas event. At the princess-themed birthday celebration they had planned, Offset put his daughter's diamond-bezel Richard Mille watch on her wrist in an Instagram video.

Kulture's diamond charm necklace is noticeable. According to Kathryn Money of Brilliant Earth in an interview with Us Weekly, the child also has outrageous jewelry that costs between $125,000 and $150,000 and has 20 to 25 carats of pavé-set diamonds. For the record, this item is three times as pricey as the bag. The rapper Elliot Eliantte, who also created Lil Uzi Vert's $24 million pink diamond forehead implant, is the designer of the diamond necklace. Cardi B has stated time and time again that she is allowing her children to fulfill her childhood fantasies and that she is not afraid to offer Kulture everything she was deprived of as a youngster, including a $29,000 shopping spree.

READ NEXT: White Porsches and Carats: The 10 Most Expensive Things Cardi B Owns

Sources: SCMP, Mama's Latinas, Elle

 

 

 

 

 

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Here's How Puma Became A Billion-Dollar Brand | TheRichest

Puma is a German multinational firm with its headquarters in Herzogenaurach, Bavaria, Germany. The company designs and manufactures sports and casual footwear, clothes, and accessories. It is difficult to believe that Puma was once only a single storefront in Germany given that the company is now the third largest sportswear manufacturer in the world. Puma has thousands of stores located all over the world. Today, PUMA is recognized as one of the most prominent and long-lasting sports companies in the world.

RELATED: Here's How Nike Became A Billion Dollar Company

4 Puma's Beginnings And Breakthroughs

The company's footwear, apparel, and accessories are more popular than they have ever been as a direct result of their high-profile partnerships with high-profile artists and athletes such as megastar Rihanna and Olympic sprinter Usain Bolt. During each new season, PUMA creates thousands of new goods, which are then distributed to retail stores, online marketplaces, and wholesale partners in a total of 120 countries. However, one can wonder when and where everything first got started.

Brothers with a talent for developing performance-enhancing shoes sparked the beginning of Puma's lasting journey to success. In 1924, brothers Rudolf and Adolf Dassler established the Dassler Brothers Shoe Factory in Berlin and Austria. Rudolf and Adolf Dassler started Dassler or Puma today in Herzogenaurach, Germany, in 1919. They had no notion that they were building the groundwork for the sports shoe at that time. Their first plant opened in 1924, five years after they started out in a garage in 1912. In their mother's laundry room, the two began their new business enterprise. A stationary bicycle with pedal power provided the brothers with an alternative method of powering their equipment because the town's electrical supply was unstable at the time.

3 The Decades Of Excellence

The brothers' fortunes began to turn around after only a short period. The majority of German athletes wore Dassler kicks to the 1928 Summer Olympics in Amsterdam. After driving to Berlin from Bavaria with a suitcase of spikes, the brothers convinced American sprinter Jesse Owens to utilize them as the first sponsorship for an African American at a Summer Olympic Games. Owens finished with a total of four gold medals under his belt. Before World War II, the Dasslers sold 200,000 pairs of shoes a year. This was the key to the breakthrough, both nationally and internationally. In the end, Rudolf and Adolf decided to break up a few years later. They divided up the company's assets equally and continued on their way.

Rudolf Dassler started PUMA in 1948, and the rest is history. The shoe industry's most well-known brand, sponsored by celebrities such as Selena Gomez, and listed among the world's top shoe brands. Puma also introduced its first football footwear, the Atom, in the same year. It was in 1952 that Puma made a significant contribution to the sport of football when it introduced the Super Atom, the first football boot with screw-in studs. Brasil, a later improved variant, was produced by the business. When the Brazilian squad won the 1958 World Cup in Sweden wearing Puma shoes, this became an international sensation.

2 The Puma Making Its Mark In The Industry

Puma became known for their sophisticated vulcanization process in the 1960s. As a result, I was able to deliver a better performance. During the 1960s, Puma was always in the spotlight as world-famous athletes like Pelé and Portuguese football player Eusebio won competitions. Lutz Backes, a cartoonist from Nuremberg, came up with the idea for Puma's iconic jumping cat logo in 1967. It was changed to a puma leaping across the word PUMA in 1979. A hallmark of Puma's quality and attention to detail, this may now be seen on every Puma footwear and apparel.

From 1970 up to the 1990s saw a lot of success for the Puma brand thanks to the famous active athletes who wore Puma products winning their games. By wearing contact lenses with white Puma cats on them, Linford Christie attracted worldwide attention to Puma's unique marketing in 1996. Puma's increasing portfolio of football-related merchandise dominated the 2000s. Also, Usain Bolt was the driving force behind Puma's rise to prominence during this time period. evoPOWER, Puma's new football boot, and a slew of other cutting-edge football gear made their debut at the 2014 FIFA World Cup in Brazil.

1 Becoming One Of The Leading Sport-Lifestyle Brands

Puma, which has its headquarters in Germany, currently serves both the male and female sports markets and is the major manufacturer of clothing for the Formula One racing series. In addition to this, it has a whopping 13,000 workers under its payroll and is also traded on the Frankfurt Stock exchange. In addition, PUMA has collaborated with a number of well-known artists and musicians, such as Rihanna and Jay Z. Additionally, in 2014, it entered into a merchandising agreement with the Arsenal football club, which stands out as the most significant of its kind to date.

Puma's heritage is a one-of-a-kind depiction of the ever-evolving world of culture; the company has successfully diversified its brand across a variety of subcultures, including fashion, art, music, and sports. Because of its extensive history and genuine cultural presence, the European sports brand has been able to transcend the culture of business and sports over the course of more than seven decades.

READ NEXT: Ranking The 25 Flyest Adidas Items That Even Kylie Jenner Would Promote

Sources: Puma, Statistica, Forbes

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Here's How Twitch Steamer Hasan Piker Spends His Millions

Twitch streamer, Hasan Piker started his career in his senior year of college by interning for Cenk Uygur, Piker's uncle, on his network The Young Turks. After that, he started his own show on the network and starting establishing himself as a political commentator. 2020 became a crucial year for him as he decided to move on from The Young Turks and start an independent path on Twitch. Since then, he has become a hit on the live stream platform and elevated himself financially.

In February, he live streamed going to the dealership to purchase the car. Normally people wouldn't think too much about a wealthy person making that kind of investment. That wasn't the case for Piker as some that him doing made him contradictory as he is known for liberal and socialism views. Parts of his Twitter response to the criticism included him saying "nobody thinks I’m some socialist Jesus. I’m a Twitch streamer telling you why you’re probably angry. All my content is free everywhere. I let people make money off their fan channels."

Not too long after buying his Porsche Taycan, he collaborated with CARE in their efforts to fund relief in Ukraine. CARE said their money will help give "immediate aid and recovery, food, water, hygiene kits, psychosocial support, and cash assistance" for Ukraine citizens trying to flee from the country. Piker helped them in a raise money by playing a video game called Elden Ring and donated every time his character got killed. In under 30 minutes he was able to raise $l00,000 with the final total being over $200,000.

Due to his image on the internet, another move that caused some controversy was the purchase of his $2.7 million home in West Hollywood, California. Regardless of critics opinions on him, this indicates how successful he has been on Twitch to be able to afford a almost $3 million home with five bedrooms after just being on the platform for just over a year and a half at the time he bought it.

Related: 10 Most Controversial Twitch Streamers of All Time

When Hasan Piker started his first merchandise line in late 2021, he decided to donate all his earnings to strike funds. He said that he "wanted to make sure it wasn’t just regular Chinese factory drop shipping merch." Piker continued, “so what I wanted to do was make sure it was unionized, domestically manufactured, and also that the art was sick." Some of the designs included a spoof of Ronald Reagan's campaign against drugs and a zombie version of 2016 and 2020 presidential candidate Bernie Sanders.

While the Supreme Court's decision to reverse Roe V. Wade was made last month, their decision to do so was leaked in early May. Piker responded by donating over $2,000 to a non profit reproductive health organization residing in Rio Grande Valley. During his May 3 Twitch stream, he stated he would donate to the Texas Equal Access Fund and Frontera Fund along with the possibility of other abortion non profits as time passes by.

A former contest on MasterChef, Christine Corley, was going through a rough time figuring out how to pay her hospital bills and started a GoFundMe page. Piker got notified of the page and gave she a pleasant surprise by donating $10,000. He also encouraged his fan base to donate to her GoFundMe. With the combined efforts of Piker and his followers, she was able to reach her goal of $30,000. This was around the Christmas season, so this served as a major gift.

Piker has a lengthy list of video games and will from time to time play them during his streams asides from his usual political commentary and video reactions. The gaming systems he has are PS5, PS4 and PC. Some of the games that he has played during  his live stream career includes Grand Theft Auto V, God of War , Life is Strange , Marvel's Spider-Man and Watch Dogs Legion.

Read Next: Twitch’s Plan To Cut Pay Has Streamers Squirming

Sources: Kotaku, Dirt, Legacy Upcomer, Sportskeeda, My SA, Hasan Piker Fandom

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Elon Musk Is Burning Cash (& Fuel) By Making 5-Minute Trips On His Jet

Recently, several celebrities have come under fire for taking shockingly short trips on private jets, including Kylie Jenner and Drake. But even they can’t compete with billionaire Elon Musk, who was just exposed for taking trips lasting only 5 minutes.

Jack Sweeney is the 19-year-old student behind the popular Twitter Account @CelebJets, which publishes private jet trips taken by celebrities. The account has gotten notoriety for exposing how much carbon emissions even small trips can produce.

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Sweeney now has over 30 accounts, all of a similar nature, including one called @ElonJet, which exposes Musk’s jet trips.

Sweeney recently spoke out to reveal that Musk makes the shortest trips he’s ever seen since creating the accounts. The Tesla CEO has taken a variety o f4-minute jet trips, which would’ve only been slightly longer had he taken a car.

For example, Musk’s jet has been flown several times from Los Angeles International Airport to Hawthorne Airport. There’s only 6 miles between the two airports, which is a 10-minute drive.

“I’m not really [surprised] people react,” Sweeney told CNBC. “There are so many reasons they have to be surprised. The fact that [flights] are even trackable, that it’s a celebrity and it’s a quick flight.”

Musk hasn’t commented on Sweeney’s recent revelation. But he has had beef with the teenager in the past.

In January, Sweeney revealed he rejected a $5,000 offer from Musk to close his @ElonJet account. The offer backfired in Musk’s face. Not only did Sweeney decline it, but the news helped the Twitter account become even more popular. It now has almost half a million followers – most of his accounts do.

Earlier this month, Kylie Jenner received backlash after she was exposed for taking a 12-minute flight in her jet. She was branded a “climate criminal” by many outspoken people online.

More recently, Drake was similarly slammed for taking a 14-minute trip from Toronto to Hamilton, which would’ve taken only an hour by car. @CelebJets revealed the 38-mile flight took flight took 402 gallons (or 1,522 litres) of fuel, costing over $2,700. This produced four tons of CO2 emissions.

While the public is being told to do what they can to curb climate change, it’s becoming clear that celebrities, too, need to think with sustainability in mind – meaning no short jet trips.

NEXT: These Celebrities Charge Thousands On Cameo For Seconds-Long Videos

Sources: CNBC, Twitter @CelebJets,

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How Paulo Coelho Became One Of The Richest And Most Legendary Writers Ever

Paulo Coelho is one of the most well-known authors in literary history. And much like his creative works, his personal story is full of twists and turns. When Paulo Coelho told his parents he aspired to be a writer, they thought he was physically insane. Paulo Coelho was born on August 24, 1947, and raised in Rio de Janeiro, Brazil. He is most known for using complex symbolism to depict the journeys of his characters, who are typically motivated by spiritual beliefs. Paulo Coelho revisits ancient legends and remote customs in order to evoke themes of love, the quest for self-knowledge, and the genesis of thought. He discusses independence and solitude while considering the future of humanity in his search for safety, love, and spirituality. He is the author of novels that have been translated into 81 different languages and 170 different countries, giving him geographical independence. Coelho blatantly distinguishes himself from other Brazilian authors, with over 210 million copies sold.

Coelho's novels often explore and delve in the themes of love, self-awareness, sexual desire, solitude, chasing one's dreams, and traveling, while weaving these elements brilliantly with the characters and plots that more-often-than-not satisfy the soul.

RELATED: Here's How Kenneth Copeland Became One Of The Richest Authors Of All Time

Rio de Janeiro is where Coelho was nurtured. However, he disobeyed the rules of his upbringing as a Roman Catholic, so his parents temporarily put him in a mental institution. In 1970, Coelho left his legal studies to travel around South America, Mexico, North Africa, and Europe. He returned to his own country in 1972 and started collaborating with the renowned singer-songwriter Raul Seixas on pop and rock song lyrics. Coelho served a brief sentence in jail in 1974 for allegedly engaging in subversive actions against the Brazilian government.

He worked for Polygram and CBS Records upon his release until 1980, when he started new journeys around Europe and Africa. He traveled the 500 miles (800 km) of routes along the Santiago de Compostela route, which pilgrims from France to Spain initially utilized in the Middle Ages. This lengthy voyage, influenced by a resurgence of interest in Catholicism, served as the inspiration for his debut book, O diário de um Mago (1987), which was translated into English in 1992 and reprinted in 1995 as The Pilgrimage affirmed rightly in the Strive.

The Alchemist, a mystical narrative of an Andalusian shepherd boy's trek across North Africa in pursuit of wealth, was published by Coelho in 1988. When the book was republished in Brazil after being dumped by its first publisher, it was extremely successful. In one of his books, The Valkyries, he describes a search to communicate with angels that he and his first wife undertook while they were young and deeply immersed in the countercultural scene of the 1970s. He once more went to fiction, this time a story about a young Spanish woman's spiritual enlightenment.

Coelho continues to focus both his fiction and nonfiction works on issues of faith and spirituality. He had previously chronicled the progression of his return to the Catholic faith in The Pilgrimage and The Valkyries. In addition, as stated in the Paolo Coelho blog, The Biblical prophet Elijah's narrative is retold in The Fifth Mountain, while a collection of spiritual advice from well-known religious luminaries is presented in Manual of the Warrior of Light within a fictional setting. Even though Coelho's books continued to be popular in Brazil and abroad, reviewers frequently criticized them for being unduly didactic and moralizing.

RELATED: These Are The 10 Best-Selling Romance Novels Of All-Time

Coelho also published Life: Selected Quotations (2007), a similar compilation of English-translated extracts, and Frases (1996), a collection of condensed passages from his body of work. Additionally, in 1997, Coelho gathered pieces from his weekly column in the newspaper O Globo into a book named Maktub. Coelho increased the number of people who read the novels novels written by him through blogging, expanding on the concepts he raised in them, and making his works freely downloadable. To help children and the elderly, he established the Paulo Coelho Institute in 1996.

Paulo Coelho's success philosophy, often known as his secret to success, may be encapsulated in tenacity, self-belief, and having the guts to pursue one's ambitions. Coelho never would have taken the initiative to pursue his aspirations if he had not had faith in himself. Beyond that, he would never have overcome the first challenges that ordinarily discouraged the unsure if he had not persevered and believed in his job. Thus, he never would have achieved the astounding success he currently has without self-belief, the confidence to follow his heart, and the drive to see it through, as stated in the Strive.

The parable by Paulo Coelho demonstrates that if one has faith in oneself and sincerely desires something, the universe will work with them to make it happen if they take action.

READ NEXT: 10 Richest Comic Book Writers

Sources: ResearchGate, Paolo Coelho Blog

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Here's What Makes Pierchic Pizza The Most Expensive Pizza In The World

One of Pizza's appeal is that list of toppings on it, hearty dinner for a reasonable price. Pierchic mainly uses only the finest and freshest ingredients. But like many traditional takeout foods, the small Pizza has made its way into the fine dining restaurants, where some establishments are trying to transform the meal into something else. Rarely it is possible to ultimately withstand the aroma of a properly made pizza. It is one of the few fast foods that most people can quickly get, which is surprisingly healthful. Despite its beautiful Neapolitan origins, pizza is about as proletarian as food can be. The inexpensive frozen Pizza that a college student may purchase is at one end of the spectrum and can be enjoyed to the fullest with a bit of heat and a stressed-out mind.

On the other hand, the most beautiful pies are produced for the ultra-rich by the best chefs. Even if the thought of these pies made one's mouth swim, the price range would dry up pocketbook and throat. Find out more about Pierchic Pizza, the absurdly priciest Pizza ever made.

RELATED: The 10 Most Expensive Desserts In The World, As Of 2022

The multi-award-winning Italian restaurant Pierchic, located on the hotel's private pier overlooking the Arabian Gulf's glistening turquoise waters, serves Pierchic Pizza. The Pierchic restaurant of the Madinat Jumeirah hotel is situated at the end of a private pier and looks out toward the renowned, sail-shaped Burj Al Arab hotel. The restaurant is one of the city's most romantic dining rooms, underwent a redesign in 2014, and now has a beautiful Swarovski-crystal chandelier over the bar. Get a table in the separate bar pod above the water for more private cocktails. The seafood-centric meal is lovely without becoming overly complicated. The location alone makes the trek and the cost worthwhile. Pierchic is situated along a private pier that projects into the Arabian Gulf. It is one of the most famous seafood restaurants in the city and provides calm surroundings and subdued lighting. Explore the extensive menu providing seafood prepared in the Mediterranean and influenced by the world's oceans.

The restaurant receives daily deliveries of ethically sourced veggies and fresh catch for use in cooking the meals. Try the Chic Brunch on Fridays, which offers sumptuous four-course cuisine and a stunning lounge with views of the Burj Al Arab Jumeirah, ideal for canapés and sunset refreshments. Sit on the balcony to enjoy the spectacular views and celebrate big days in style. One of Dubai's greatest and priciest seafood establishments is called Pierchic. Along with the Pierchic Pizza, other dishes on the menu include Chilean sea bass with smoked sweet potato and Alaskan king crab with caviar and hollandaise sauce.

Chow down on the toppings that include Japanese matsitake mushrooms, 2 ounces of edible gold leaf, Iranian Almas and Belgua caviar steeped in Dom Perognon champagne, Italian white Alba truffles, winter black truffles from Perigord, Monga saffron from Kashmir, and French foie gras from Gascony. These ingredients are enough to notice and money to make the tax department raise an eyebrow towards bank account as these are the ingredients of Pierchic Pizza. The ingredients are white Alba truffles from Italy and black winter truffles from France. Also other condiments are Saffron from Kashmir, foie gras from France, and Gascony, Iranian almonds. A pizza that is among the most costly and is also from Dubai.

One of Dubai's top restaurants for sophisticated dining is Pierchic. This restaurant added a $180,000 pizza to its menu almost two years ago. However, three pizzas have actually been sold as of 2019. White Alba truffles from Italy and black winter truffles from France make up the ingredients. Saffron from Kashmir, Foie gras from Gascony and France, Iranian almonds. According to the Guinness book of records, Pierchic Pizzahas added the world’s most expensive Pizza to their luxurious menu, which costs a whopping amount for every Pizza.

Chef Abdel Muhammad Al-Hallabi was responsible for creating the expensive dish. The Pierchic Pizza, which costs $180,000, is undoubtedly the most absurdly costly pie in human history. It was initially made particularly for the royal family of Dubai on New Year's Eve. Still, it will always be available to anyone who wishes to satiate their opulent palate. The excellent meal, setting, and service were worth the money. Customers will be astounded by Pierchic's attention to detail from the moment they make a reservation. The chef may create a beautiful tiramisu celebration cake for special occasions, such as a graduation supper. Wherever the customer sat, however, all the tables had a fantastic view, even those positioned further back.

The table is located directly next to the window facing the Burj. The entire evening was laid-back, and the servers were attentive without intruding. A meal like Pierchic Pizza can enhance a good evening in Pierchic. A great selection of meals is ideal for a romantic dinner or family gathering, while nighttime views of the nearby hotels were fantastic. However, Andrea Gerri's kind welcome, the staff's attentiveness to customer’s questions, and the way they watched with bright eyes above the masks were superior to any places we've gone on vacation. One of Dubai's premier dining establishments, serving up genuine Italian cuisine in a prime location. Everything in the top-notch restaurant was flawless. The food is delicious and served well, and the service is excellent.

READ NEXT: What Makes Stuart Hughes Diamond Edition The Most Expensive Suit In The World

Sources: Visit Dubai, Yum And Awesome, Elite Traveler

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Sydney Sweeney Admits She Can Barely Afford Her Lifestyle

Sydney Sweeney had a breakthrough when she was cast as Cassie in Euphoria. Since then, the 24-year-old has earned a variety of band campaigns and collaborations, further her net worth and notoriety.

Though it’s easy to assume Sydney’s newfound fame has helped build her bank account, the actress recently admitted that she doesn’t make enough to afford her lifestyle. She says not to expect her to slow down soon, so long as she wants to pay her bills.

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Speaking to The Hollywood Reporter, Sydney opened up about her financial stress.

"If I wanted to take a six-month break, I don't have income to cover that," she revealed. "I don't have someone supporting me, I don't have anyone I can turn to, to pay my bills or call for help."

Sydney explained that a lot of her income goes towards her team, who help her manage her career. "The established stars still get paid, but I have to give 5 percent to my lawyer, 10 percent to my agents, 3 percent or something like that to my business manager," she said. "I have to pay my publicist every month, and that's more than my mortgage."

The White Lotus star also said that actors don’t get paid as much as in the past, saying, "They don't pay actors like they used to, and with streamers, you no longer get residuals.”

She added that the main reason she does brand deals and campaigns is to supplement her income. "If I just acted, I wouldn't be able to afford my life in L.A.," Sydney continued.. "I take deals because I have to."

Sydney is actively working with a number of high-profile brands at the moment. In March, she revealed she signed on to be the new ambassador for SOL by Jergens, calling it an “absolute dream” collaboration.

The following month, Sydney was revealed as the new face of skincare brand La Neige. She’s the first American celebrity to earn the title. Even more, Sydney also modelled for Miu Miu’s Wander bag campaign earlier this year.

But not all of her brand partnerships have gone smoothly. In May, a lawsuit was filed against Sydney for allegedly failing to follow through with her contractual obligations after partnering with LA Collective, a swimsuit company.

The company claims Sydney wore their swimsuits on multiple Euphoria episodes but failed to promote them on social media as promised. LA Collective expected to make $3 million in revenues from the campaign, so they’re seeking a seven-figure win. The case remains ongoing.

NEXT: J.Lo & Ben Affleck Reportedly Didn’t Sign A Prenup Before Wedding

Sources: Hollywood Reporter, E! News,

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These Are 8 Richest Introverts Of Hollywood | TheRichest

Often introverts are misunderstood and perceived as too reserved to face a crowd. This notion causes many to believe that introverts cannot succeed in a highly socially stimulating industry like Hollywood. However, this is not the case. Introverts have achieved some of Hollywood's most notable accomplishments. Here is a list of Hollywood introverts who broke out of their shells to rise in their careers.

7 Chris Evans-$ 80 Million

During an interview in 2020 with TV personality William Russell, Chris Evans confessed that he is an introvert, and it takes him a while before he needs social interaction. “A lot of people see him as this muscle, superhero action guy, but he’s actually very sensitive and has a quiet and introverted side. He’s a very, very smart person, and he’s a director,” Director Bong confirmed.

The Captain America star adores dogs and spent the entire Covid-19 confined with one. Tap dancing is one of his favorite pastimes and he enjoys visiting Disney World. His stardom is largely owed to his roles in big-budget Hollywood productions like The Gray Man and The Avengers.

RELATED: Captain America Riches: 10 Ways Chris Evans Earns And Spends His Fortune

6 Emma Watson- $80 Million

Emma Watson is bashful, despite the fact that her outward appearance would lead you to believe otherwise. She likes to maintain a low profile. She is terrified of being in front of a live audience. Therefore, she tries to avoid it whenever possible. ‌

"People tell me, it's very good that you don't go out and get drunk and go to clubs,' and I'm like, I appreciate that, but I'm an introverted person by nature. It's not a conscious choice I'm making. It's me," A magazine quote.

But did Emma Watson's introversion hurt her career? On the contrary, Forbes named Watson one of the highest-paid actresses in 2017. In 2020 YouGov surveys, Watson was the sixth most admired woman in the world.

5 Johnny Depp- $ 150 Million

In an interview with Details Magazine, the actor owned up to his shyness: “I'm f*ckin' shy, man,” Depp said. “I'm living, in a sense, like a fugitive. I don't like to be in social situations— it's fine for me in a weird way, having to run and hide. Less and less, I have the opportunity to observe because I'm the one being observed.”

Johnny Depp has established himself as an accomplished actor with 15 people’s choice awards, one screen actor guild award, and three Nickelodeon kid’s choice awards. He owns a french village real estate, a collection of penthouses downtown in Los Angeles, a 54-acre remote highland in the Bahamas, and a horse farm in Kentucky.

4 Ryan Reynolds- $150 Million

“My husband and I are really shy people who express ourselves best when we're acting when we're hiding as someone else,” His wife Blakely said while discussing her family.However, he has not been deterred by this. Ryan Reynolds has won two MTV Movie Awards, three people’s choice awards, and one Saturn Award. Additionally, he has also been nominated for a Grammy Award and an Oscar award. He's also a businessman who owns a part in Match Group, the parent company of match.com, tinder, OKCupid, and hinge. During Covid 19, he and his wife contributed a combined total of $100,000 to four New York City hospitals. Reynold claims that he is not a workaholic, but work is his only hobby.

RELATED: Inside The Extraordinary Business Mind Of Ryan Reynolds

3 Julia Roberts- $250 Million

A BAFTA Award, an Academy Award, and a BAFTA Award are just some of the accolades that Julia Roberts has received throughout the course of her long career. Julia lent her name to help raise money for research to develop a cure for Rett syndrome. She lies on her back to have her makeup applied before going on a film set, which she says gives her a relaxation effect.

2 Jessica Alba- $340 Million

The actress and entrepreneur admitted that she isn't as at ease in the limelight as she may appear to be. “I don’t like being the center of attention,” Alba told Elle.

“I wanted to be an actress forever,” she said. “I think I always fantasized about living in someone else's skin and someone else's reality. I think I'm naturally an introvert. So for me, it was a way to fit into the world if I got to be somebody else.

With two Teen Choice Awards, an ALMA and a Saturn Award, she's earned a slew of accolades in addition to her two Teen Choice Awards and a TV Guide Award.

1 Keanu Reeves- $360 Million

Keanu Reeves has appeared in critically acclaimed films, including The Matrix, The Matrix Reloaded, and John Wick. Known as "Hollywood's most introverted actor," Keanu Reeves prefers to keep to himself. Aside from Arch Motorcycle, he has a number of high-performance cars and the motorcycles he rides are his own creations.

The star runs a private charitable foundation that looks to help positive endeavors like cancer research and kids' hospital wards. And yet he's hardly told anyone.

Being an introvert is not a barrier to success in Hollywood, as evidenced by the success of actors like Keanu Reeves and Chris Evans, as well as other introverted celebrities who were not included here. Introverts are capable of achieving as much as the other personality types.

Sources; Urbanette Magazine, celebrity net worth, Details Magazine

READ NEXT: Fierce Woman: Here's How Phoebe Waller-Bridge Made It Big In Hollywood

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New Money: Here's How 21 Savage Spends His Millions | TheRichest

21 Savage in the last half decade has become one of the most well known names in rap music. With the money he has made from music, he had a mixture of spending his millions on himself, investments that can pay off later and giving back to the community in his hometown of Atlanta.

7 A 6-Figure-Bed

Many Americans don’t make $100,000 and some won’t even make half of that in a year. 21 Savage on the other hand has the ability to spend to that kind of money on a bed. Hearing that sounds insane to the ordinary person, but that’s nothing compared to how much Kim Kardashian and Kanye West spent on beds when they were married. To put the price of his bed in perspective, it was higher than half of the beds on this list of expensive beds.

6 Jewelry

During 21 Savage’s early years in the limelight, he like many rappers made investments on jewelry. In a 2018 interview with Vogue, he said he stopped doing so since "everybody wears jewelry. I outgrew it; I’m getting a little wiser and growing.” He continued, "every time I meet someone who’s very, very rich, like wealthy, I’ve never seen them with jewelry on. And ever since I’ve been saving money and not spending it on jewelry, I’ve been getting way richer.”

5 Real Estate

One investment he has replaced with jewelry is real estate. Asides from his agent tweeting about 21 Savage’s business, there is not much information about any of his potential dealings. He did offer advice recently an episode of My Expert Opinion by saying anyone who already has 200k to 300k to spend on a rap career should use that money elsewhere like real estate since the chances of blowing up in music are low.

Related: Inside The Extravagant Life Of Rappers And How The Trend Of Bling Began In The Hip-Hop

4 Car Collection

21 Savage fans probably are well aware of his car collection as he has made references to it in his music. His most expensive car being Lamborghini Urus costing $220,000 and cheapest is a Dodge Charger SRT Hellcat at $72,000. He has said in multiple songs that has a 12 car garage, so he might add to that collection in the near future if he hasn’t already.

3 Bank Account Campaign

A reference to his hit song Bank Account, he said on The Ellen DeGeneres Show that his campaign is "to help kids learn how to save money and make money, and open bank accounts for kids." As a part of this campaign, he made a donation of $21,000. 21 Savage came from a low income area and wants help the youth learn from the mistakes that him and his peers made when they were that age. He hopes this can contribute to ending to continuous cycle financial illiteracy in Atlanta neighborhoods.

2 Back to School

This event happens sometime in August every year when Atlanta students are nearing their return to school. 2022 will mark the 7th annual Issa Back 2 School Drive 21 Savage has hosted. During last year's drive, 21 Savage along with the sponsors for his event shared resources for financial literacy, gave out school supplies, clothes, headphones and shoes. There were fun activities and food for the kids to partake in as well.

1 Following Jay Z's Advice

Jay Z became Hip Hop's first billionaire, so 21 Savage followed his advice when they had conversation. He said that Jay Z that he should spend money on a chef, lawyer, doctor and art. 21 Savage elaborated on getting chef and doctor, "I eat cleaner. I don't really gotta leave the house as much and the doctor is convenient, too. I hate hospitals and s**t. It's just good to have on call. He got a different level of doctor, though. His doctor and my s**t is different. He got a real doctor. Not live-in, but they'll come give you surgery at your house." Him investing into art like Jay Z can help him increase his riches as art tends to increase in value the older it gets.

Read Next: Young Thug Gifts A $150,000 Custom Truck To 21 Savage On His Birthday

Sources: Capital Xtra, Tik Tok, 21 Motoring, Cassius Life, Complex

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Here's How Cate Blanchett Made Her $95 Million Fortune

Actor and producer Catherine Elise Blanchett, widely known in Hollywood as Cate Blanchett, is from Australia. Cate is recognized as one of the most brilliant actresses of her generation and is well-known for her versatility in independent and mainstream films and on stage. In addition to numerous movies and plays, Blanchett has acted in Peter Jackson's The Lord of the Rings trilogy. She has appeared in countless vital films, including Ocean's 8 and Carol, and she has won 2 Academy Awards, 3 Golden Globe Awards, and a British Academy Film Award. Additionally, Blanchett has received seven Academy Award nominations.

Australian actress Cate Blanchett, who is well-known, has a $95 million fortune. She is renowned for playing various roles in both independent and mainstream movies. Cate made $13 million between August 2017 and August 2018, enough to place her among the world's top 10 most paid actresses. Cate Blanchett, an Academy Award-winning actress, is one of such supernovas thanks to her impressive career accomplishments. She has become an ambassador for numerous illustrious companies.

RELATED: Net Worth Of The Stars Of The Lord Of The Rings

Cate Blanchett was born on May 14, 1969, in Melbourne, Australia. Her American father, Robert DeWitt Blanchett Jr., a Texas native who served in the United States Navy as a Chief Petty Officer before becoming an advertising executive, and her Australian mother, June née Gamble, both worked as educators and property developers. Robert's ship broke down in Melbourne, where they first met. Her father suffered a heart attack when Cate was 10 years old, leaving Blanchett's mother to care for the family by herself. Cate's father served in the American Navy, and her mother was a real estate entrepreneur. His ship was temporarily based in Melbourne, where Cate's parents eventually met. Cate was only ten years old when her father tragically died from a heart attack.

She attended the University of Melbourne after high school to study economics and fine arts but left after one semester to travel the world. After her travels, she relocated to Sydney, enrolled at the National Institute of Dramatic Art, and gained a Bachelor of Fine Arts degree in 1992. While still in Egypt, she was requested to participate as an extra in the Egyptian boxing film Kaboria. Since 1997, Cate has been wed to Australian playwright Andrew Upton. They have three kids together. The couple co-directed Sydney Theater Company's artistic direction for five years.

Cate began her acting career in Sydney in the David Mamet play Oleanna in 1992. She won her first feature film part in Paradise Road in 1997. Since then, Cate has had a very successful and prolific career. She made her acting debut in the 1997 movie Oscar and Lucinda, and the highly praised part of Queen Elizabeth I in the 1998 film Elizabeth, which helped launch her to prominence, earned her dozens of awards. Film roles started to arrive after this. She finally received the Best Supporting Actress Oscar in 2005 for her work in the motion picture The Aviator. She returned to the character of Queen Elizabeth I later that year in the follow-up film Elizabeth: The Golden Age, for which she got two Oscar nods.

When Blanchett starred in the Sydney Theatre Company's 2009 production of A Streetcar Named Desire, she made a comeback to the stage. She earned the Sydney Theatre Award for Best Actress in a Leading Role for this role. Blanchett won over 40 industry and critic honors for her performance, including the Best Actress Oscar. She had yet another stage performance in 2017 when she starred in The Present, which later that year migrated to Broadway, making it her Broadway debut. She gained praise for her work and was nominated for two Drama League Awards, and she won the Best Actress in a Play category at Tony Awards.

Most of her wealth comes from appearing in several acclaimed movies. These include The Talented Mr. Ripley, The Aviator, The Curious Case of Benjamin Button, and two films about Queen Elizabeth I. Blanchett won an Academy Award in 2005 for portraying Katharine Hepburn in The Aviator and in 2014, Best Actress for the role in Blue Jasmine. Time Magazine named Blanchett one of the world's 100 most influential people in 2007. According to Celebrity Net Worth, Blanchett made a staggering $13 million between August 2017 and August 2018. She was thus included in the 2018 list of highest-paid actresses. Blanchett reportedly made $12.5 million in that year for her part in Thor: Ragnarok. Reports state that Blanchett received $10 million for her 2010 movie Robin Hood and $7 million for 2011's Hanna.

Over the upcoming years, Blanchett's net worth will probably increase. Don't Look Up and Nightmare Alley, two movies in 2021, have the actress playing the protagonist. Blanchett has also been nominated for the Academy Awards seven times. Additionally, she and her husband served as the Sydney Theatre Company's directors from 2008 until 2013. Cate Blanchett, who just signed on as a new brand ambassador, assisted French luxury brand Louis Vuitton in Marrakech with unveiling its most expensive jewelry line.

READ NEXT: A Look At The Electrifying Success Story Of Natalie Portman

Sources: High Income Source, Finance Yahoo!, Celebrity Net Worth

 

 

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The Intel Core i9-12900KS Review: The Best of Intel's Alder Lake, and the Hottest

As far as top-tier CPU SKUs go, Intel's Core i9-12900KS processor sits in noticeably sharp In contrast to the launch of AMD's Ryzen 7 5800X3D processor with 96 MB of 3D V-Cache. Whereas AMD's over-the-top chip was positioned as the world's fastest gaming processor, for their fastest chip, Intel has kept their focus on trying to beat the competition across the board and across every workload.

As the final 12th Generation Core (Alder Lake) desktop offering from Intel, the Core i9-12900KS is unambiguously designed to be the powerful one. It's a "special edition" processor, meaning that it's low-volume, high-priced chip aimed at customers who need or want the fastest thing possible, damn the price or the power consumption.

It's a strategy that Intel has employed a couple of times now – most notably with the Coffee Lake-generation i9-9900KS – and which has been relatively successful for Intel. And to be sure, the market for such a top-end chip is rather small, but the overall mindshare impact of having the fastest chip on the market is huge. So, with Intel looking to put some distance between itself and AMD's successful Ryzen 5000 family of chips, Intel has put together what is meant to be the final (and fastest) word in Alder Lake CPU performance, shipping a chip with peak (turbo) clockspeeds ramped up to 5.5GHz for its all-important performance cores.

For today's review we're putting Alder Lake's fastest to the test, both against Intel's other chips and AMD's flagships. Does this clockspeed-boosted 12900K stand out from the crowd? And are the tradeoffs involved in hitting 5.5GHz worth it for what Intel is positioning as the fastest processor in the world? Let's find out.

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J.Lo & Ben Affleck Reportedly Didn’t Sign A Prenup Before Wedding

With hundreds of millions to their names, there’s been a lot of speculation over how Jennifer Lopez and Ben Affleck protect their assets before tying the knot earlier this month. However, it appears the newlyweds decided against signing a prenup.

Speaking to OK! Magazine, a source explained that Ben has a “grounding” effect on Jen. She has full trust and confidence in him, leading both to agree a prenuptial agreement wasn’t necessary.

"He doesn't have that same need to show off or do things on such a big scale anymore and that's helped to balance Jennifer out in that regard," they said.

The insider added, "She gets a lot more pleasure out of the simple, smaller things than she used to.”

The pair may have only gotten engaged last year, but they have a longer history. They dated for several years in the early 2000s and became engaged in 2002. However, the couple called their wedding off the next year only days before it was scheduled. They eventually called it quits in 2004.

RELATED: Teasing A ‘High School Musical’ Return, Vanessa Hudgens Buys $7.3M Home

However, after rekindling their romance last year, J.Lo and Ben seem stronger than ever. And they wasted no time getting hitched in Vegas.

"Jennifer loves Ben for exactly who he is," the insider continued. "Ben's grown up an awful lot in the 18 years since they first split.”

Earlier this month, information came out about the couple’s original prenup for their 2003 wedding that never happened. At the time, reports said the couple had a stipulation in the prenup they were to be intimate no less than four times per week.

They also had a “no cheating clause,” which J.Lo reportedly implemented after Ben spent a night with strippers. "The prenuptial agreement is to protect both their assets and says that if they do split, they keep their own money, except if Ben cheats,” a source told Daily Mail.

Ben is reportedly worth around $150 million, while J.Lo has a net worth of $400 million.

It was assumed the prenup for their recent wedding would have similar sexual stipulations. Other reports also suggested Ben’s ex-wife Jennifer Garner was pushing them to get a prenup to protect her ex’s assets for the sake of their three children.

But with reports saying the pair didn’t sign one at all, it may all be speculation.

NEXT: Kevin Hart Gifted Chris Rock A Goat (& Its Name Is Will Smith)

Sources: Geo TV, Daily Mail, Suggest,

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Not-So-Kid-Friendly? Sesame Place Hit With $25 Million Lawsuit Over Racism

Sesame Street has been a beloved children’s program for decades. It first debuted in the ‘60s and is still making new episodes to this day. The show has inspired a series of toys, books, merchandise, and even themed parks. But now one of those parks is facing a huge lawsuit for being less than friendly to kids.

According to CNN, a Black family has filed a $25 million class action lawsuit after they claimed a character performer at Sesame Place Philadelphia. They’re suing Sesame Place’s parent company, SeaWorld Parks & Entertainment.

RELATED: These Celebrities Charge Thousands On Cameo For Seconds-Long Videos

In court documents, Quinton Burns claims that the characters refused to interact with his three children at a meet-and-greet. He says the performers were only paying attention to white children.

Burns claims it wasn’t only his family being ignored. He says other Black visitors were also overlooked.

The character performed involved in the snub are named as defendants in the lawsuit. They had been dressed up as Elmo, Ernie, Telly Monster, and Abby Cadabby from Sesame Street.

The lawsuit claims that SeaWorld had previous knowledge the four performers had racial biases, but still allowed them to interact with guests.

Sesame Place issued a brief statement saying they’re investigating the incident and are committed to providing an “inclusive, equitable and entertaining experience.”

Burns gave a press conference alongside his lawyer, Malcolm Ruff, who said the lawsuit is imperative in order to” fight and protect little Black children and their fundamental civil rights."

In addition to a million-dollar win, Burns is also requesting the SeaWorld publicly apologize to Black Americans and take concrete steps to reduce racial bias amongst its staff.

The lawsuit comes mere weeks after Sesame Place was criticized online over a similar incident.

 

 

Sharing on Instagram, a mother with two Black daughters posted a clip showing the character Rosita refusing to interact with her children, despite just meeting other kids right before. The character can be seen shaking its head “no” at her kids.

“We were on our way out of Sesame Place and the kids wanted to stop to see the characters,” she captioned the clip, which quickly went viral. “THIS DISGUSTING person blatantly told our kids NO then proceeded to hug the little white girl next to us!”

Sesame Place issued a statement about the video insinuating it was a misunderstanding. The theme park said the costumes can “sometimes make it difficult to see at lower levels,” making “performers miss hug requests from guests.”

The park also said the character wasn’t shaking their head “no” at the woman’s kids, but at all guests requesting a hug.

The mother has since called Sesame Place’s response “disrespectful and distasteful." However, she's not involved with the new lawsuit. The lawsuit was reportedly filed without knowledge of the previous incident.

NEXT: ‘Stranger Things’ Star Noah Schnapp Is Making Waves With His Healthy Nutella Alternative

Sources: CNN, The Black Walls Times,

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Intel To Wind Down Optane Memory Business

It appears that the end may be in sight for Intel’s beleaguered Optane memory business. Tucked inside a brutal Q2’2022 earnings release for the company (more on that a bit later today) is a very curious statement in a section talking about non-GAAP adjustments: In Q2 2022, we initiated the winding down of our Intel Optane memory business.  As well, Intel’s earnings report also notes that the company is taking a $559 Million “Optane inventory impairment” charge this quarter.

Beyond those two items, there is no further information about Optane inside Intel’s earnings release or their associated presentation deck. We have reached out to company representatives seeking more information, and are waiting for a response.

Taking these items at face value, then, it would seem that Intel is preparing to shut down its Optane memory business and development of associated 3D XPoint technology. To be sure, there is a high degree of nuance here around the Optane name and product lines here – which is why we’re looking for clarification from Intel – as Intel has several Optane products, including “Optane memory” “Optane persistent memory” and “Optane SSDs”. None the less, within Intel’s previous earnings releases and other financial documents, the complete Optane business unit has traditionally been referred to as their “Optane memory business,” so it would appear that Intel is indeed winding down the Optane business unit, and not just the Optane Memory product.

This is breaking news and will be updated with additional information as it becomes available

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The Story Of The Jeddah Tower: The To-Be Tallest Building In The World

Up until recently, the Empire State Building held the title of being the tallest structure in the world. The Burj Khalifa is currently the tallest structure in the world, but in the future, someone might construct a building that is much taller. In fact, the world was supposed to have a taller building by this point in time. CNN reported on January 17, 2018, that the Jeddah Tower would soon be renowned as the world's next tallest building sprouting from the desert.

However, construction has subsequently ceased. Will Saudi Arabia's kilometer-tall Jeddah Tower ever be the world's tallest building? If it is ever finished, it will have an observation deck that is higher than any other in the world; at the moment, the Burj Khalifa in Dubai is the tallest skyscraper and has the highest observation deck.

The Jeddah Tower is intended to serve as the focal point of the Jeddah Economic City, which is the first phase of a vast construction project that would culminate in the creation of a glittering tourist destination. Until recently, the ultraconservative monarchy of Saudi Arabia was off-limits to foreigners (but not to Muslims going on the hajj). These past few years have seen Saudi Arabia throw open its gates, making it possible for anybody to travel to what was formerly a fairly isolated monarchy.

The Jeddah Tower is planned to include a variety of residential and commercial spaces, including hotels, offices, and even some tourist attractions. Those who view photographs of the monstrous tower's incomplete construction will see nothing but desert today. However, once completed, the skyscraper would be the focal point of a dazzling new development. Here are some main details about this amazing project:

Proposed Height: First to conquer one kilometer (1,000 meters or 3,280 feet)

Old Name: Kingdom Tower

Location: Jeddah, Saudi Arabia

Architect: Ardian Smith, an American architect, designed the structure (who also designed the enormous Burj Khalifa)

RELATED: The Burj Al Arab: What A $24,000 A Night 7-Star Hotel Is Like

The observation deck atop the tower is intended to be the highest in the world and will be situated at the height of 2,178 feet (or 664 meters) above ground level. The tower will have more than 252 floors and will have a gross floor space of 2.6 Million Square Feet (243,866 Square Meters). It is intended to have a five-star hotel named Four Seasons Hotel, 97 associated serviced apartments, and four "residential tiers" that will contain a total of 325 apartments. Planned record heights for the elevators were 2,165 feet or 660 meters. It was intended for them to achieve a speed of 12.5 miles per hour and be able to transport guests from the lobby all the way up to the 157th floor in a mere 66.5 seconds.

 

Two of the project's most influential backers, one of the richest Saudis, were arrested during the kingdom's anti-corruption purge. In spite of the fact that this information was already public knowledge when the CNN article was published in January 2018, the publication stated that the construction would be finished by the year 2020. After several days or weeks, the project halted. Since work on the building first began in 2013, there have been a number of setbacks that have plagued the endeavor. However, by the year 2017, it appeared as though all of the difficulties had been resolved, and everything was operating smoothly.

RELATED: The Billionaires' Delight: How Dubai Became One Of The Richest Cities In The World

 

The subject of whether or not skyscrapers still have a place in the world's urban landscape was raised by the BBC in November 2021. They remark that China has placed restrictions on the development of extremely tall buildings, referring to them as "vanity projects." The BBC also reported that many workplaces throughout the world had large numbers of unoccupied desks. Having said that, eight of the world's 10 tallest skyscrapers are now under development in China.

At the time of this writing, there does not appear to be any new information regarding whether or not the construction of the Jeddah Tower will ever resume, or when it will resume if it does. It would appear that the initiative has become entangled in the political intrigue of the kingdom. Only time will tell how things turn out. However, the engineering firm Thornton Tomasetti, which is responsible for the project, appears to be sure that the tower will eventually be built.

READ NEXT: Living Life To The Fullest: 8 Countries Where Luxury Is Cheap

SOURCES: CNN, Architizer, Dream Civil

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