Billionaire Dan Loeb Sells Most Of His Yahoo Stock, Makes $1 Billion

Daniel Loeb, the billionaire hedge fund investor, is selling the majority of his hedge fund’s stake in Yahoo and resigning from the company’s board of directors, as he moves to bring one of the most high-profile and successful investments of his career to a close.

Loeb’s Third Point hedge fund will sell 40 million shares back to the company for a total of $1.16 billion and will for now be left with another 20 million shares, meaning the combined current value of Loeb’s investment in Yahoo is worth more than $1.7 billion. Loeb paid much less for those shares when he started buying them in August 2011 and the shares were trading hands for some $13.

PEOPLE: Meet Chuck FEENEY: The BILLIONAIRE Who Is Trying To Go BROKE

On a cool summer afternoon at Dublin’s Heuston Station, Chuck Feeney, 81, gingerly stepped off a train on his journey back from the University of Limerick, a 12,000-student college he willed into existence with his vision, his influence and nearly $170 million in grants, and hobbled toward the turnstiles on sore knees.

No commuter even glanced twice at the short New Jersey native, one hand holding a plastic bag of newspapers, the other grasping an iron fence for support. The man who arguably has done more for Ireland than anyone since Saint Patrick slowly limped out of the station completely unnoticed. And that’s just how Feeney likes it.

WATCHES: Breitling for Bentley Celebrates 10 Years With 3 New In-House Chronographs #SwagQuest

Ten years ago, Breitling launched its Breitling for Bentley watch collection on the heels of Bentley winning the 24 Hours of Le Mans race. To pay tribute to the first decade of collaboration between the Swiss watch brand and the British luxury carmaker, Breitling has launched the first three Breitling for Bentley watches equipped with Breitling manufacture movements.

The new Breitling for Bentley timepieces are the Bentley B06, Bentley B04 GMT, and Bentley B05 Unitime. Each has a self-winding chronograph movement (based on the groundbreaking Breitling B01, the brand’s first-ever in-house movement) with a column wheel, vertical coupling clutch and a power reserve of more than 70 hours.

WATCHES: Reviewing the $2300 Seiko Astron GPS Watch #SwagQuest

Seiko’s Astron, released to great fanfare last year, tells time by receiving GPS signals anywhere on Earth. Was it a world-beater in our test? Click here to read our in-depth review of the Astron GPS watch, with original photographs by Robert Atkinson, first published in our April 2013 issue.

The last time Seiko called a new watch “Astron,” the future of timekeeping changed forever. Launched on Christmas Day, 1969, the original Astron was the world’s first commercially available quartz wristwatch. At the time, Seiko said of the Astron, “Someday, all watches will be made this way.” Today, it’s saying the same thing about the new Astron. Is Seiko right? Let’s find out.

PEOPLE: 8 Well Known Entrepreneurs Who Made A Quick Million Dollars

People often say that being an entrepreneur and starting a home business is difficult. That it often takes incredibly hard work, a little start-up capital, long hours, and heroic levels of courage and self-reliance.

That may be true for 99% of entrepreneurs, but every once in a while someone completely bucks the trend and achieves success overnight seemingly effortlessly. One thing they do have however, is a very good idea, filling a gap in the market that their customers were crying out for.

These people achieved success lightning quick, making a fortune in their first month of trading. Many with a home business, without much start-up capital, or support. Some of them took longer than a month to set-up their business, but from the moment they started trading, or attempted to monetize their business, they made over a million dollars in their first month.

WINE: The Nolet Family Rereleases the World’s Most Expensive Gin

The art of distillation has been practiced for thousands of years; no one really knows who the first distillers were. However, we do know the name of the longest-reigning distilling family in the world. With a 322-year history of distilling, the Netherlands-based Nolet family is currently helmed by 10th-generation Carolus H. J. Nolet—the chairman of Nolet Spirits Worldwide—and his two sons Carl Jr., the executive vice president of Nolet Spirits USA, and Bob, the distiller and executive vice president of Nolet Spirits.

WATCHES: Omega Unveils New Limited-Edition Seamaster Diver for 34th America’s Cup

Omega commemorated the 34th America’s Cup sailing race, and celebrated its continuing role as Official Timekeeper for Emirates Team New Zealand, last week in San Francisco with the release of a special commemorative timepiece, the Omega Seamaster Diver ETNZ Limited Edition.

The watch was presented to ETNZ captain Dean Barker, who has been an Omega “brand ambassador” since 2001, by Omega President Stephen Urquhart during a special event held at the ETNZ base camp in the City by the Bay. After the press conference and presentation of the watch, Team New Zealand launched its new ETNZ AC72 boat into the Bay for a training session.

CARS: Luxury Vehicles of Some of your FAVOURITE MANCHESTER UNITED Stars (PICTURES)

MANCHESTER UNITED aim to be in pole position for the title again this season. The players are back in training — and the car park at Carrington is like a high-end dealership.

Vehicles range from Anderson’s £168,395 Mercedes to club-supplied Chevrolets driven by the likes of Alex Buttner and Rafael.

Here’s a rundown on who’s driving what...

WATCHES: Five Sleek Men's Dress Watches (PICTURES)

Patek Phillipe Rose-gold Calatrava Ref. 5123R with a six-millimeter case.$26,800; tiffany.com.

Piaget The brand’s newest world record, this time for thinnest automatic movement, at three millimeters, in the Altiplano Date. $26,000; piaget.com.

Girard-Perregaux White-gold 1966 Small Seconds with a ten-millimeter case.$16,300; girard-perregaux.com.

Blancpain White-gold Villeret Ultra-Slim Date with a 9.15-millimeter case.$17,300; blancpain.com.

Vacheron Constantin Yellow-gold Ultra-Fine 1968 automatic watch with a 5.5-millimeter case. $37,400;vacheron-constantin.com.

A New Online Store For Billionaires To Purchase Yachts, Private Jets & Real Estate

This website makes it ‘nice and easy’ for the super rich to place an order on a brand spankin’ new item of their choice.

This website is a new online store catered towards multi millionaires and billionaires who are looking for ideas on how they can spend their copious amounts of cash. FromLuxurious Yachts to Exotic Sports Cars to park by their water front mansions.

10 Successful Multi Million Dollar Blogs

 

Below you have a compilation of 10 of the most successful blogs in the entire world. Whether you are looking at helping others by sharing your knowledge, sharing your opinions and thoughts, or making one of the most successful blogs in the entire world, anything is possible if you put your mind to it. The blogs listed below, all started out with nothing, and are now worth millions upon millions. So if they can do it, why can’t you?

WATCHES: Louis Moinet Creates the Perfect $280,000 Automaton for an Oilman

Louis Moinet’s Derrick Tourbillon, a limited edition of 12 watches ($280,000), seems expressly designed for a specific customer who owes his fortune to the blessings of petroleum. The automaton on the dial, a moving oil derrick, is driven by a simple tie rod and wheel attached to the movement.

PERFUMES: New Perfumes and Fragrances for 2013 and Beyond #SwagQuest

This page shows new perfume and fragrance launches. Perfumes recently released in stores are shown just below, or you can jump to upcoming fragrances for 2013 or 2014 and beyond.

See a range of different perfumes from designers from all around. All perfumes in this list are perfumes released since the begining of this year up till June 2013.

15 Humble & Quiet Lifestyle Billionaires

The following 15 super rich & successful billionaires prove to us all that “money doesn’t always change you“.

Bulgari Unveils Three New Watches in Revamped Bulgari Bulgari Collection

Bulgari introduced three new models in its iconic Bulgari Bulgari men’s watch collection at Baselworld 2013, including the line’s first chronograph and tourbillon timepieces. Each new watch contains a manufacture movement crafted in Bulgari’s ateliers in La Chaux-de-Fonds and Le Sentier, Switzerland.The Bulgari Bulgari made its debut in 1977, on the heels of the runaway success of the limited-edition Bulgari Roma, a digital watch that was given as a Christmas gift to Bulgari’s top 100 clients a few years earlier, in 1975, and that of another limited edition, issued in 1976, that was available only at the Bulgari boutique in Rome. (Bulgari has released a new, limited mechanical version of the Bulgari Roma, as part of the 2013 collection.)

Star Time: 8 Celebrity-Branded Sports Watches #SwagQuest

There is no shortage of celebrities, many of them celebrity athletes, who serve as “brand ambassadors” for watch brands, appearing in ads and attending events wearing their watches. However, a few of these big-name stars go the extra mile, giving input and often even becoming involved in the design process, for special watches to which they lend their own names. Below is a list of 10 sports watches from seven brands, developed in honor of, and named for, their famous representatives.

How To Be A Successful Luxury Brand

The spread of luxury is the story of the early 21st century. Take this fact: Louis Vuitton, which started life as a trunk-making business in Paris in 1854, will soon open a swanky new store in Kazakhstan. This follows the opening of a massive new store in Shanghai, right at the heart of what was once a hardline Communist state. Luxury goods are the quintessentially modern products, charting the spread of wealth and aspiration to the most unlikely places. Campden looks at five things that luxury brands have to do if they are to flourish in this strange new world.

26 Highly Successful Women Share Their Most Powerful Quotes

Here is a nice collection of some of the worlds most powerful quotes by successful women.

Women nowadays are becoming more and more noticed for there exceptional success in society. A number of the following successful women we are about to feature are great business leaders, role models, activists, entertainers, authors and politicians.

Read on to be inspired by these amazing inspirational quotes by successful women.

Inspirational Quotes By Powerful & Successful Women

How Hugh Hefner Built His Half A Billion Dollar Enterprise “Playboy”

Hugh Hefner and his magazine Playboysingle-handedly transformed the adult entertainment industry as the world knew it, and has since become a multimillion dollar business endeavour that has expanded to incorporate television, web ventures, clubs, and more.

Hugh Hefner & The Creation Of Playboy

Hugh Hefner first showed his interest in publication at an early age, founding his high school newspaper while attending Steinmetz High School. Although he had a high IQ of 152, Hefner was unenthusiastic about school in general.

Read on to find out how Hugh Hefner built his half a billion dollar empire, Playboy.

(Video) Pitbull Shares How He Learnt About Success Through Tony Robbins

Ryan Seacrest catches up with Miami’s very own music superstar “Pitbull” as he shares the lessons he learned as a child listening to the #1 Life Coach, Tony Robbins.

Pitbull has reached massive success in the billboard charts and has found ways to adapt to an ever changing industry through his smarts about music, entertainment and learning from his failures.