Chrissy Teigen has finally had enough. The model, TV host, cookbook author and voracious social media user has decided to leave Twitter after a decade.
"For over 10 years, you guys have been my world. I honestly owe so much to this world we have created here. I truly consider so many of you my actual friends," Teigen posted on Wednesday evening.
"But it's time for me to say goodbye. This no longer serves me as positively as it serves me negatively, and I think that's the right time to call something.
“I've always been portrayed as the strong clap back girl but I'm just not,” she continued. “My desire to be liked and fear of pissing people off has made me somebody you didn't sign up for, and a different human than I started out here as! Live well, tweeters.”
Teigen, one of the most entertaining and outspoken celebrities on Twitter, has been known for confronting her detractors.
She said she has been "deeply bruised" over the years and encouraged social media users "to know and never forget that your words matter.”
"I have made my mistakes, throughout the years and in front of hundreds of thousands, and been held accountable for them. I've learned an incredible amount here,” she said.
"But one thing I haven't learned is how to block out the negativity. But I love you guys and I cherish our time together, I truly do. I also hate you.”
Teigen, who had more than 13 million followers, then deactivated her account.
Why did Chrissy Teigen leave Twitter?
It’s not clear what pushed Teigen over the edge, but earlier this week, she faced a backlash after announcing the launch of a line of plant-based cleaning products, in partnership with Kardashian matriarch Kris Jenner.
Some users accused her of "selling out" during a time of pandemic-induced economic anxiety, while others questioned her commitment to environmental protection, given her family's regular use of private jets.
Still, her exit from the platform left many of her fans shocked, but supportive.
“Also, once I was at a party and I was a loner and felt so out of place. One of the only people who made me feel comfortable was Chrissy Teigen. She joked with me. She was warm towards me. She made me feel seen. Twitter ain't it. Try real life,” comedian and TV host Lilly Singh tweeted.
The Handmaid's Tale actress Ever Carradine said she would miss her "funny, smart fearless voice".
“Take care of yourself and we’ll all be here if you choose to come back,” she posted.
Teigen is known for her strong political stance along with her husband and singer John Legend. Over the past two years, she has been involved in a number of high-profile dust-ups online.
In 2019, she fought for her name to be cleared after QAnon conspiracy theorists circulated a doctored image that placed her and Legend at the infamous island getaway of now-deceased billionaire and convicted sex offender Jeffrey Epstein.
In 2020, she and The New York Times food columnist Alison Roman had a public exchange after Roman accused Teigen of using her celebrity to profit off her cookbooks. Roman later apologised.
Teigen also took a hiatus from all social media last autumn after she suffered a pregnancy loss, which she actively shared on social media, but returned in late October.
In January this year, she publicly asked the official account of US President Joe Biden to follow her on Twitter, after she was blocked by former president Donald Trump, of whom she was a fierce critic. She was followed by Biden but later requested to be unfollowed because it made her feel less able to “flourish”. Biden granted her wish prompting Teigen to tweet “I am free!!”
A Twitter account belonging to her Cravings by Chrissy Teigen website and cookware brand, still exists. So do her accounts on Instagram as well as TikTok.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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