Celebrity Net Worth: Sonam Kapoor Ahuja invests in blockchain-based game


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Sonam Kapoor Ahuja

Bollywood actress Sonam Kapoor Ahuja has invested in the blockchain-based game MechaFightClub (MFC), she said on social media last week.

The company developing the game said Kapoor Ahuja’s experience, audience and expertise would help it bring MFC to India and the Indian diaspora, as well as work to establish MFC as the premiere P2E experience the UK and parts of North America.

“I’ve grown up playing video games and love everything about them. The art, the storytelling, the creativity that goes into developing a game that is exciting today and also stands the test of time is something that’s always intrigued me,” she said on Twitter.

“All this drew me to MFC, and what’s more groundbreaking is how MFC is bringing the video gaming industry into the next chapter of Web3.”

The play-to-earn game is being launched by Irreverent Labs, a developer of artificially intelligent entertainment products. Players can buy and sell mechanical roosters in the game, which is inspired by the controversial street sport of cockfighting. Non-fungible tokens are used to verify that each chicken is unique.

The investment was part of a recent Series A funding round joined by venture firms a16z and Solana Ventures, as well as Michael Ovitz, founder of talent management company Creative Artists Agency.

“Sonam is one of the biggest film stars on Earth, reaching an audience of over a billion people with blockbusters like Sanju [at the time of its release, the eighth-most successful box-office release in Bollywood history] and Prem Ratan Dhan Payo [the sixth-most successful release in Bollywood history],” Irreverent Labs said.

Kapoor Ahuja, 36, has a net worth of $13 million, according to estimates by Indian media websites. She and her husband, Anand Ahuja, own VegNonVeg, a multi-brand sneaker store with outlets in Mumbai and Delhi.

The star has her own fashion brand, Rheson, which she launched in 2017 with her sister, Rhea.

Ahuja, a garment and fashion entrepreneur, also owns clothing label Bhane.

The couple reportedly share a home in London and own a bungalow in Delhi.

Robert Downey Jr's net worth is estimated at $300 million, in large part due to his work in the Marvel Cinematic Universe. Getty/AFP
Robert Downey Jr's net worth is estimated at $300 million, in large part due to his work in the Marvel Cinematic Universe. Getty/AFP

Robert Downey Jr

Actor Robert Downey Jr’s FootPrint Coalition Ventures has invested in Motif FoodWorks, a Boston-based food technology company that also has a line of plant-based foods.

The two companies will work on developing new plant-based food forms with the aim of moving beyond products that seek to replicate the taste of meat.

“If plant-based foods are going to make a real impact on sustainability, we need an approach that’s both delicious and nutritious,” said Downey Jr. “By focusing on both better tasting and healthier options, Motif is not only making a difference in products today, but also reimagining the future of tomorrow’s plant-based foods.”

In the US alone, retail plant-based food sales grew three times faster than total food sales to $7.4 billion last year, according to data from market intelligence firm Spins.

FootPrint Coalition invests in robotics and nanotechnology to help clean up the planet. It lists 16 investments on its website, including nuclear energy company Commonwealth Fusion Systems, mealworm protein producer Ÿnsect and bamboo toilet paper manufacturer CloudPaper.

Downey Jr’s net worth is estimated at $300m, in large part due to his work in the Marvel Cinematic Universe.

While he earned just $500,000 for the first Iron Man movie, he earned up to $80m for his role in Avengers: Age of Ultron. Wealth-tracking website Celebrity Net Worth puts his income from playing Iron Man in the various Marvel movies at $345.5m.

Aside from investments in FootPrint Coalition, Downey Jr, 57, is thought to own at least three homes in the state of California.

From left to right: Roger Waters, Nick Mason, Richard Wright and Syd Barrett of English rock band Pink Floyd. Getty
From left to right: Roger Waters, Nick Mason, Richard Wright and Syd Barrett of English rock band Pink Floyd. Getty

Pink Floyd

Progressive rock band Pink Floyd is reportedly in talks to sell its recorded music catalogue in what could be the biggest single-act catalogue sale at an estimated hundreds of millions of dollars, according to Bloomberg.

Among the companies competing for ownership of the collection of rock classics are Warner Music Group and KKR-backed BMG.

Bids have surpassed the estimated $500m Sony Music paid for Bruce Springsteen’s entire catalogue in December, the Financial Times reported.

The band has not publicly commented on the possible sale.

Warner acquired control of the catalogue when it bought the Parlophone Label Group from Universal Music Group in 2013. It paid £487m (around $765m at the time).

It is unclear how current and former band members — or the estates of those who are deceased — will benefit from the sale.

Pink Floyd was formed in 1965 by Syd Barrett, Nick Mason, Roger Waters and Richard Wright. David Gilmour joined in 1967. Barrett left the band the following year. He died in 2006 and Wright in 2008.

Waters and drummer Mason are touring this year as solo artists.

The market for music rights appears to be softening, but Pink Floyd’s strong body of work should prove resilient.

The band has sold more than 250 million records, including box sets and compilations. Its 1973 release, The Dark Side of the Moon, has sold 50 million copies and is the second-largest selling album of all time after Michael Jackson’s Thriller.

Collectively, the band's members have a net worth estimated at $800m, principally through income from music sales and touring.

Waters is estimated to be the richest, with a net worth of $310m, according to Celebrity Net Worth. He is a big draw on the touring circuit, with his The Wall Live Tour 2010-2013 grossing $460m over 220 performances, with 4.1 million tickets sold.

Together with pop star Shakira, he bought a $16m island in the Bahamas to create a retreat for artists.

Gilmour and Mason are estimated to each have a net worth of $180m. Wright’s estate is valued at $70m and Barrett’s at $5m.

Dr Mehmet Oz could become one of the wealthiest members of the US Senate if he wins a Pennsylvania Republican Senate primary election. Reuters
Dr Mehmet Oz could become one of the wealthiest members of the US Senate if he wins a Pennsylvania Republican Senate primary election. Reuters

Mehmet Oz

Celebrity heart surgeon Mehmet Oz has valued his assets at between $104m and $422m. The tally could make him one of the wealthiest members of the US Senate if he wins a tightly contested Pennsylvania Republican Senate primary election.

The figures were published by The Philadelphia Inquirer. The wide range is because the US Senate requests each asset be valued within a certain dollar bracket. Dr Oz’s assets include homes, stock and life insurance.

A significant source of his income is The Dr Oz Show, the long-running syndicated daytime television programme that his Oz Media company co-produces with Oprah Winfrey’s Harpo Productions and Sony Pictures Television.

He filed earnings of $10m in 2021. Nearly all of it was salary from his TV show and income from his media company. He ended the show this year to concentrate on his Senate run.

Oz has at least $11.5m in non-public stock in Asplundh, the tree-trimming company owned by his wife’s family, as well as at least $6m in non-public stock in retail chain Wawa and at least $5m in non-public stock in travel agency Five Star Travel.

In addition, he has tens of millions of dollars in equities, including stocks such as Amazon, Alphabet and Microsoft.

The filing listed a home in Palm Beach, Florida, valued at between $5m to $25m, two homes valued at more than $1m each in Cliffside Park, New Jersey, which overlook Manhattan, as well as a third property of a similar value in suburban Philadelphia.

He also has real estate interests in New York City, Boston and a cattle farm in Florida. Oz valued the cattle between $250,000 and $500,000.

Oz, 61, has dual Turkish and American nationality. In March, he said he would renounce his Turkish citizenship if elected.

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Past winners of the Abu Dhabi Grand Prix

2016 Lewis Hamilton (Mercedes-GP)

2015 Nico Rosberg (Mercedes-GP)

2014 Lewis Hamilton (Mercedes-GP)

2013 Sebastian Vettel (Red Bull Racing)

2012 Kimi Raikkonen (Lotus)

2011 Lewis Hamilton (McLaren)

2010 Sebastian Vettel (Red Bull Racing)

2009 Sebastian Vettel (Red Bull Racing)

 

'The Ice Road'

Director: Jonathan Hensleigh
Stars: Liam Neeson, Amber Midthunder, Laurence Fishburne

2/5

Pox that threatens the Middle East's native species

Camelpox

Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.

Falconpox

Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.

Houbarapox

Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.

The specs

Engine: 5.0-litre supercharged V8

Transmission: Eight-speed auto

Power: 575bhp

Torque: 700Nm

Price: Dh554,000

On sale: now

Company%20Profile
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Racecard
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England Test squad

Joe Root (captain), Moeen Ali, James Anderson, Jonny Bairstow (wicketkeeper), Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Dawid Malan, Jamie Porter, Adil Rashid, Ben Stokes.

UK%20record%20temperature
%3Cp%3E38.7C%20(101.7F)%20set%20in%20Cambridge%20in%202019%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

SUNDAY'S ABU DHABI T10 MATCHES

Northern Warriors v Team Abu Dhabi, 3.30pm
Bangla Tigers v Karnataka Tuskers, 5.45pm
Qalandars v Maratha Arabians, 8pm

SPECS
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65
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Avengers: Endgame

Directors: Anthony Russo, Joe Russo

Starring: Robert Downey Jr, Chris Evans, Scarlett Johansson, Chris Hemsworth, Josh Brolin

4/5 stars 

UAE currency: the story behind the money in your pockets

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.”

WORLD'S%2010%20HIGHEST%20MOUNTAINS
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Fixtures

Opening day Premier League fixtures for August 9-11

August 9

Liverpool v Norwich 11pm

August 10

West Ham v Man City 3.30pm

Bournemouth v Sheffield Utd 6pm

Burnley v Southampton 6pm

C Palace v Everton 6pm

Leicester v Wolves 6pm

Watford v Brighton 6pm

Tottenham v Aston Villa 8.30pm

August 11

Newcastle v Arsenal 5pm

Man United v Chelsea 7.30pm

 

The specs: 2019 Mercedes-Benz C200 Coupe


Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km

Updated: May 23, 2022, 8:33 AM