Bollywood actress Deepika Padukone’s company KA Enterprises has bought an apartment worth 178 million Indian rupees ($2.1 million) in the upscale part of Bandra West in Mumbai, according to reports.
The apartment spans 1,845 square feet and is on the 15th floor, documents accessed by property technology platform Zapkey.com show.
Padukone and her actor husband Ranveer Singh welcomed their first baby earlier this month.
The couple were said to have purchased another property at Bandra Bandstand, close to Bollywood actor Shah Rukh Khan’s house, in Mumbai in 2022. That four-floor sea-facing property was reported to be worth more than 1 billion rupees.
The couple had also previously purchased a bungalow in the coastal town of Alibaug, in the west Indian state of Maharashtra, worth 220 million rupees in 2021.
The actress, one of the highest paid in India, has a personal fortune estimated at $40 million, according to wealth-tracking platform Celebrity Net Worth.
Padukone, 38, has landed lucrative roles in major Hindi, Tamil, and Kannada films. Today she earns approximately $10 million per year from her endorsements and film appearances, the website said.
She made history in 2022 by becoming the first Indian to be a Louis Vuitton ambassador.
Her personal care start-up 82ºE announced plans to raise 500 million rupees from new and existing investors in June, according to a regulatory filing.
Founded in 2021 by Padukone and venture capitalist Jigar Shah, the Mumbai-based brand offers a range of skincare products for men and women.
The company last raised $7.5 million in a seed round led by DSG Consumer Partners and Ideo Ventures, along with Padukone’s family office, in December 2022.
Padukone and her family office own 59.6 per cent of the start-up’s shares, while her husband controls 5.32 per cent of the company, according to start-up data intelligence platform TheKredible.
Padukone made her Hollywood debut in the 2017 action film xXx: Return of Xander Cage.
In 2015, she started the Live Love Laugh Foundation to promote self-care through conscious living and being in tune with one's body and mental state.
Selena Gomez
US singer, actor, producer and entrepreneur Selena Gomez is now a billionaire.
The 32-year-old is one of the youngest self-made billionaires in the US, according to Bloomberg, which values her net worth at $1.3 billion.
Some of the star’s wealth comes from singing, brand partnerships and acting, but the “vast bulk” of her wealth is tied to Rare Beauty, her five-year-old make-up line that is a success with influencers and teenagers.
The 32-year-old’s wealth is based on Bloomberg’s estimated value of her stake in the beauty brand, plus her interest in mental health platform Wondermind and other earnings from her music, acting, properties and brand partnerships on social media, which includes her 424 million followers on Instagram.
She is also an investor in food delivery company Gopuff. In 2020, she became an investor and co-owner of the ice cream brand Serendipity.
In March, Bloomberg reported that Gomez hired advisers to weigh selling Rare Beauty at a $2 billion valuation, although she later told Time magazine that she has no plans to sell.
The Lose You To Love Me singer, who has been open about her struggles with bipolar disorder, pledges to donate 1 per cent of all Rare Beauty sales to the Rare Impact Fund for mental health service and education.
As one of the most popular entertainers of the past decade, her popularity on Instagram makes her the third-most followed person, behind football stars Cristiano Ronaldo (638 million) and Lionel Messi (504 million), helping her rake in massive endorsements with activewear company Puma, worth a reported $30 million, and luxury accessories brand Coach, a $10 million deal.
She is reported to earn anywhere from $500,000 to $800,000 for a single sponsored post. Between her various endeavours, primarily Coach, Puma, and Instagram, Selena makes between $10 million and $15 million per year.
Other revenue streams for the former child star include income from her Hulu show Only Murders in the Building, according to Bloomberg, and a smaller slice from her music royalties.
As a child, Gomez was part of the cast of Barney & Friends.
Madhuri Dixit
The 1990s Bollywood star Madhuri Dixit Nene has bought shares in SoftBank-backed Indian food and grocery delivery start-up Swiggy ahead of its public market debut later this year, according to media reports.
Dixit, 57, bought shares worth 15 million rupees in Swiggy from the secondary market.
With this, she has become the second Indian celebrity to acquire shares in the IPO-bound company. In August, actor Amitabh Bachchan was reported to have purchased shares in Swiggy.
Swiggy is waiting for a green light from the Securities and Exchange Board of India to go ahead with the IPO filing, Bloomberg said last week. The company is reportedly aiming to raise more than $1 billion through its listing.
Founded in 2014, Swiggy works with more than 150,000 restaurants across India to help deliver food in the world’s most populous nation, according to its website. It competes with companies including public-listed Zomato, e-commerce giant Amazon’s India unit and conglomerate Tata Group’s BigBasket.
In 2022, Dixit joined a $10 million series B funding round for Indian fashion retailer Purple Style Labs.
The actor has a net worth of $35 million, according to Celebrity Net Worth. Her assets have accrued from her acting work in Hindi cinema and live performances. She starred in the Netflix series The Fame Game.
The actor has also endorsed many brands over the course of her career, including Maggi noodles and Aquaguard water purifiers.
Kanye West
US rapper, fashion designer and entrepreneur Kanye West has sold his house in Malibu, California, at a $36 million loss.
He bought the property in 2021 for $57.3 million. The oceanfront home was sold to crowdfunded real estate investment firm Belwood Investments for $21 million, leaving West with a loss of approximately $36 million.
After West, 47, first purchased the house, he gutted it to remodel it from scratch. However, those plans did not materialise as he listed the home for sale in January, with an asking price of $53 million.
In April, he slashed the price further to $39 million but was unable to find a buyer.
The musician, who legally changed his name to Ye in 2018, has a net worth of $400 million, according to Celebrity Net Worth.
The vast majority of his earnings have come from royalties and other earnings related to his Yeezy brand and partnership with German sportswear retailer adidas. But his outspoken views and controversy have cost him many sponsors and partnerships over the last few years.
Adidas ended its nine-year business partnership with him over his anti-Semitic remarks in 2022. The deal with adidas on West’s Yeezy line of trainers was worth $1.5 billion, based on a multiple of annual earnings, according to business magazine Forbes.
The Donda hit maker has full ownership and creative control of the Yeezy trainer brand, which was launched in 2015 with the adidas Yeezy trainer.
West pocketed about $150 million to $200 million in annual royalties from the fashion brand. He earned 15 per cent on the wholesale price of his trainers from adidas.
The Yeezy brand generated $2 billion per year in revenue and $250 million in profit for adidas. At the peak of West's partnership with adidas, the Yeezy brand was estimated to be worth about $4 billion to $5 billion on its own, Celebrity Net Worth said.
West, who was diagnosed with bipolar disorder after being admitted to psychiatric care in 2016, first made the Forbes’ billionaire list in 2020 with an estimated $1 billion fortune.
Kim Kardashian, 43, and West split in February 2021 when she filed for divorce. They share four children.
He owns about $100 million worth of real estate in the US.
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Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
Why the Tourist Club?
Originally, The Club (which many people chose to call the “British Club”) was the only place where one could use the beach with changing rooms and a shower, and get refreshments.
In the early 1970s, the Government of Abu Dhabi wanted to give more people a place to get together on the beach, with some facilities for children. The place chosen was where the annual boat race was held, which Sheikh Zayed always attended and which brought crowds of locals and expatriates to the stretch of beach to the left of Le Méridien and the Marina.
It started with a round two-storey building, erected in about two weeks by Orient Contracting for Sheikh Zayed to use at one these races. Soon many facilities were planned and built, and members were invited to join.
Why it was called “Nadi Al Siyahi” is beyond me. But it is likely that one wanted to convey the idea that this was open to all comers. Because there was no danger of encountering alcohol on the premises, unlike at The Club, it was a place in particular for the many Arab expatriate civil servants to join. Initially the fees were very low and membership was offered free to many people, too.
Eventually there was a skating rink, bowling and many other amusements.
Frauke Heard-Bey is a historian and has lived in Abu Dhabi since 1968.
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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
The specs
Engine: 2.9-litre twin-turbo V6
Power: 540hp at 6,500rpm
Torque: 600Nm at 2,500rpm
Transmission: Eight-speed auto
Kerb weight: 1580kg
Price: From Dh750k
On sale: via special order
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David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Company profile
Name: Oulo.com
Founder: Kamal Nazha
Based: Dubai
Founded: 2020
Number of employees: 5
Sector: Technology
Funding: $450,000
Step by step
2070km to run
38 days
273,600 calories consumed
28kg of fruit
40kg of vegetables
45 pairs of running shoes
1 yoga matt
1 oxygen chamber
2019 ASIAN CUP FINAL
Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The advice provided in our columns does not constitute legal advice and is provided for information only. Readers are encouraged to seek independent legal advice.
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
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
The Farewell
Director: Lulu Wang
Stars: Awkwafina, Zhao Shuzhen, Diana Lin, Tzi Ma
Four stars
