• Taylor Swift performs on stage at Lumen Field on July 22 in Seattle, Washington. Getty Images
    Taylor Swift performs on stage at Lumen Field on July 22 in Seattle, Washington. Getty Images
  • Swift performs at Levi's Stadium in Santa Clara, California, on July 28. Getty Images
    Swift performs at Levi's Stadium in Santa Clara, California, on July 28. Getty Images
  • Swift makes a heart gesture with her hands during night one of her six-night residency at SoFi Stadium in Inglewood, California. Getty Images
    Swift makes a heart gesture with her hands during night one of her six-night residency at SoFi Stadium in Inglewood, California. Getty Images
  • Swift performs with the band HAIM in Los Angeles. Getty Images
    Swift performs with the band HAIM in Los Angeles. Getty Images
  • Swift performs on stage for the opening night of The Eras Tour at State Farm Stadium on March 17 in Glendale, Arizona. AFP
    Swift performs on stage for the opening night of The Eras Tour at State Farm Stadium on March 17 in Glendale, Arizona. AFP
  • The city of Glendale was ceremonially renamed Swift City for March 17-18 in honour of The Eras Tour. AFP
    The city of Glendale was ceremonially renamed Swift City for March 17-18 in honour of The Eras Tour. AFP
  • Swift takes the stage at SoFi Stadium on August 3. Getty Images
    Swift takes the stage at SoFi Stadium on August 3. Getty Images
  • Swift has put together sprawling set lists of more than 40 songs during her Eras Tour. AFP
    Swift has put together sprawling set lists of more than 40 songs during her Eras Tour. AFP
  • Swift performs at AT&T Stadium in Arlington, Texas, on March 31. AFP
    Swift performs at AT&T Stadium in Arlington, Texas, on March 31. AFP
  • Swift's tour is scheduled to run until November 2024. AFP
    Swift's tour is scheduled to run until November 2024. AFP

Celebrity Net Worth: Taylor Swift joins $2.8m seed round in CharacterX


Deepthi Nair
  • English
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Taylor Swift

American singer and songwriter Taylor Swift has participated in a $2.8 million seed funding round in CharacterX, a San Francisco-based AI social network that allows users to create and interact with virtual characters, according to investor database Crunchbase.

The amount invested by Swift was not disclosed. Lightspeed Venture Partners, INCE Capital and Spark Digital Capital were the lead investors in the round.

CharacterX blends artificial general intelligence technology with blockchain to change the social networking landscape, the company said in a statement.

The team recently rolled out CharacterX's mobile apps for both Android and iOS, alongside a developer website, for users to “create and build deep emotional attachment with AI beings”, it added.

Swift, 33, is one of the world’s richest self-made women with a net worth of $1.1 billion, according to Forbes magazine.

She was also named Time magazine’s 2023 person of the year.

The Shake it Off singer has primarily earned her fortune from her successful music career, which she began at the age of 16 with her self-titled debut album.

Since then, her 10 studio albums have sold millions of copies, both physical and digital, according to Investopedia.

She entered the exclusive $1 billion club last October on the back of her 146-date Eras concert tour, which has shattered several records and sparked ticket frenzies.

Swift is one of the few artists to reach billionaire status from music and performing alone, Bloomberg reported.

Swift kicked off her 53-date tour around the US in March 2023, where she earned about $10 million to $13 million for each concert, according to Forbes.

The 12-time Grammy winner could earn as much as $4.1 billion from the tour, according to estimates based on her share of 85 per cent, The Washington Post reported.

Swift owns more than $150 million worth of real estate in the US, according to wealth-tracking website Celebrity Net Worth.

She has four homes in New York City, including apartments in the West Village and Tribeca, a beach house on Rhode Island, a seven-bedroom home in Hyannisport, Massachusetts, properties in Nashville, Tennessee, and an estate in Beverly Hills.

Swift also owns two Dassault private jets and has a notable car collection.

She also makes millions of dollars every year from endorsements with brands including Diet Coke, AT&T, Target, Sony and CoverGirl.

She was set to earn more than $130 million in royalties from Spotify after taking the top spot as the most streamed artist on the platform's end-of-year Wrapped list in 2023.

Dwayne 'The Rock' Johnson's net worth is estimated at $800 million. Reuters
Dwayne 'The Rock' Johnson's net worth is estimated at $800 million. Reuters

Dwayne 'The Rock' Johnson

Dwayne Johnson, the former WWE wrestler known as “The Rock”, earned $491,000 in royalty payments from the company last year, according to a filing with the US Securities and Exchange Commission.

TKO Group Holdings, the company that was created after parent organisation Endeavor merged the UFC and WWE, also announced in the filing that Johnson has been added to its board of directors.

As a board member, he will continue to earn royalties from revenue generated by licensing his name and likeness in future years.

Johnson will also receive restricted stock awards of up to $30 million and the trademark rights to his nickname, “The Rock”, which had been owned by the WWE since 2000, the filing said.

“I get a chance to sit at the table that my grandfather and dad helped to build,” Johnson, 51, said in a video on Instagram.

“The name, The Rock, I owe that name everything. Without that name, there’d be no wrestling career, there’d be no Hollywood career. The name, years ago, really allowed me to be me and that’s very special.

“Taking full ownership of my name, The Rock, is not only unprecedented, but incredibly inspiring as my crazy life is coming full circle.”

Johnson, a 10-time world champion, retired from full-time wrestling in 2004 but has made some sporadic appearances over the years.

He made his movie debut in 2001 with The Mummy Returns and has since appeared in nearly 50 movies.

His films have grossed more than $13 billion at the global box office, according to online database The Numbers.

In 2012, he founded film production company Seven Bucks Productions.

The company’s name is a reference to a bleak time in his life when he was cut from a Canadian football team and ended up living in Florida with $7 to his name, according to Celebrity Net Worth.

The production company has released movies including Shazam!, Black Adam and two films in the Jumanji franchise.

California-born Johnson’s net worth is estimated at $800 million. His stake in Teremana, the beverage brand he created, accounts for the biggest share of his wealth.

The brand, which sells one million cases each year, is worth several billion dollars, according to Celebrity Net Worth.

He has or has had partnership and endorsement deals with Apple, Ford and Under Armour.

Johnson is one of the highest-paid entertainers. In a typical year, he earns at least $100 million from his various film and endorsement endeavours.

Thanks to his massive social media following, Johnson contractually demands as much as $4 million just to promote his own movies. That’s on top of salary and back-end points, according to Celebrity Net Worth.

Johnson has cofounded multiple business ventures, including ZOA Energy, an energy drink company, in partnership with Molson Coors, the SEC filing said.

In 2020, he co-led a consortium to acquire the XFL, a professional American football league, which relaunched in 2023 and recently combined with the USFL to become the United Football League.

Lindsay Lohan was reportedly paid $500,000 for a cameo appearance in the new 'Mean Girls' movie. Reuters
Lindsay Lohan was reportedly paid $500,000 for a cameo appearance in the new 'Mean Girls' movie. Reuters

Lindsay Lohan

Dubai-based actress Lindsay Lohan made $500,000 for her cameo in the new Mean Girls movie, according to a report in Variety magazine.

Lohan, 37, who starred in the original 2004 Mean Girls film, earned the amount for a half a day of work in the latest incarnation, an adaptation of the Broadway musical that ran from 2018 to 2020, Variety said.

She made $1 million to star in the original release, Celebrity Net Worth reported.

The Freaky Friday actress took more than a decade's break from films before returning to the screen with the Netflix romcom Falling for Christmas in 2022.

She's set to return to the streaming platform in romantic comedy Irish Wish in March.

The Parent Trap star gave birth to her first child last year in Dubai, where she lives with her Kuwaiti financier husband Bader Shammas.

Lohan moved to Dubai in 2014 after first visiting in 2008 for the opening of Atlantis, The Palm.

She has a net worth of $2 million, according to Celebrity Net Worth.

Lohan has modelled for Miu Miu, Fornarina and Jill Stuart, among others, and has released her own brand of leggings and a self-tanning spray.

In 2014, she released a free-to-play mobile game called Lindsay Lohan’s The Price of Fame, and in 2017, she launched a lifestyle site called Preemium.

Her podcast, The Lohdown with Lindsay Lohan, premiered in April 2022.

She currently serves as the director of design at Vigme, a New York-based e-commerce shopping community, according to Crunchbase.

Jannik Sinner pocketed $2.08 million after winning the Australian Open. Getty Images
Jannik Sinner pocketed $2.08 million after winning the Australian Open. Getty Images

Jannik Sinner

Italian tennis player Jannik Sinner’s net worth has jumped to about $15 million after winning the Australian Open last weekend, according to online platform Sportskeeda.

The 22 year old pocketed $2.08 million for his first major win, increasing his total prize money to $20 million since he turned professional in 2018, Italian newspaper Money. IT reported.

Sinner beat Russian Daniil Medvedev in the final and also handed Novak Djokovic his first loss at Melbourne Park in six years in the semi-final.

No Italian man had won a Grand Slam singles title in nearly half a century – since Adriano Panatta raised the French Open trophy in 1976.

The bulk of Sinner's wealth comes from his success on the court, with prize money hauls earned from reaching the quarter finals of the French Open and US Open, as well as the semi-finals of Wimbledon last year, and endorsements.

Sinner earns about €25 million ($27 million) a year from an array of sponsors led by Nike, AP reported, citing the Gazzetta.

In 2022, he signed a $150 million ($15 million per year) 10-year contract with Nike.

His other sponsors include Head, Gucci, Lavazza, Rolex, Alfa Romeo and Parmigiano Reggiano, according to AP.

“My goal isn’t to make money; it’s to become the best version of me,” he said in a November interview with Italian newspaper Corriere della Sera.

MATCH INFO

Inter Milan 2 (Vecino 65', Barella 83')

Verona 1 (Verre 19' pen)

Results

1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m

Winner Al Suhooj, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)

2pm Handicap (TB) 68,000 (D) 1,950m

Winner Miracle Maker, Xavier Ziani, Salem bin Ghadayer

2.30pm Maiden (TB) Dh60,000 (D) 1,600m

Winner Mazagran, Tadhg O’Shea, Satish Seemar

3pm Handicap (TB) Dh84,000 (D) 1,800m

Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer

3.30pm Handicap (TB) Dh76,000 (D) 1,400m

Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly

4pm Maiden (TB) Dh60,000 (D) 1,200m

Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer

4.30pm Handicap (TB) Dh68,000 (D) 1,200m

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

If you go

The flights Etihad (www.etihad.com) and Spice Jet (www.spicejet.com) fly direct from Abu Dhabi and Dubai to Pune respectively from Dh1,000 return including taxes. Pune airport is 90 minutes away by road. 

The hotels A stay at Atmantan Wellness Resort (www.atmantan.com) costs from Rs24,000 (Dh1,235) per night, including taxes, consultations, meals and a treatment package.
 

Sam Smith

Where: du Arena, Abu Dhabi

When: Saturday November 24

Rating: 4/5

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

EA Sports FC 25
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Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

The 10 Questions
  • Is there a God?
  • How did it all begin?
  • What is inside a black hole?
  • Can we predict the future?
  • Is time travel possible?
  • Will we survive on Earth?
  • Is there other intelligent life in the universe?
  • Should we colonise space?
  • Will artificial intelligence outsmart us?
  • How do we shape the future?

The flights: South African Airways flies from Dubai International Airport with a stop in Johannesburg, with prices starting from around Dh4,000 return. Emirates can get you there with a stop in Lusaka from around Dh4,600 return.
The details: Visas are available for 247 Zambian kwacha or US$20 (Dh73) per person on arrival at Livingstone Airport. Single entry into Victoria Falls for international visitors costs 371 kwacha or $30 (Dh110). Microlight flights are available through Batoka Sky, with 15-minute flights costing 2,265 kwacha (Dh680).
Accommodation: The Royal Livingstone Victoria Falls Hotel by Anantara is an ideal place to stay, within walking distance of the falls and right on the Zambezi River. Rooms here start from 6,635 kwacha (Dh2,398) per night, including breakfast, taxes and Wi-Fi. Water arrivals cost from 587 kwacha (Dh212) per person.

The 15 players selected

Muzzamil Afridi, Rahman Gul, Rizwan Haider (Dezo Devils); Shahbaz Ahmed, Suneth Sampath (Glory Gladiators); Waqas Gohar, Jamshaid Butt, Shadab Ahamed (Ganga Fighters); Ali Abid, Ayaz Butt, Ghulam Farid, JD Mahesh Kumara (Hiranni Heros); Inam Faried, Mausif Khan, Ashok Kumar (Texas Titans

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Updated: February 05, 2024, 5:00 AM