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Taking Up With Billionaires


WealthymattersThese days I come across a lot of women who are keen to exchange their beauty to enjoy the benefits of some or other man’s resources.Most of them cut pretty poor deals and the others cut one or other good deal only to lose the benefits they just gained via the next poor choice they make.The following is a reality check for women trading on looks to get ahead:

‘We are happy that we were able to reach an agreement for the benefit and well-being of our son, Augie.’ With these words Linda Evangelista and Francois-Henri Pinault closed a fiercely fought child support battle.

Canadian-born Linda Evangelista is a Vogue cover model many times over, including on the current Italian Vogue.She was one of the biggest names in modeling in the late 1980s and early ’90s,At the height of her career, she famously said supermodels ‘don’t wake up for less than $10,000 a day.’

Pinault is CEO of PPR, a holding company that owns Gucci, Yves St. Laurent, Bottega Veneta, Boucheron and other fashion lines. Forbes estimates his family’s net worth at $13 billion.He supposedly makes about $4million a year.Ladies,here’s the first thing to note: declared incomes and estimated wealth are complex issues.

The intercontinental twosome dated – sporadically, according to Pinault  - over about four months in late 2005 and early 2006. Augie was born in October 2006.After Pinault told Evangelista he didn’t plan to raise the boy with her,he supposedly wanted her to get an abortion , she willingly paid all the expenses herself at first from her roughly $1.8million-a-year income.But when a big contract with L’Oreal ended she needed Pinault to chip in. Read more of this post

10 Tips To Price Your Home Right


wealthymatters1 First things first–make a list of similar homes sold around you. Understand how yours is different from those.

2 Next, take stock of homes that are on sale in the area. Go talk to owners, maybe tour the houses to understand what’s on offer.

3 Talk to property agents. They could handle the first two steps for you but it’s best if you do those yourself to get a realistic number.

4 Let the agents conduct a price survey in your area and come up with their number.

5 Since you have done your homework well, don’t be misled by agents who offer the moon.There is something fishy if all deals in the area have been under 1 crore and an agent says he’ll get you 1.3 crore

6 Understand market conditions. The price that a buyer will be willing to pay is also dependent on market sentiment. Read more of this post

The Why’s And How’s Of Buying Agricultural Land


wealthymattersHere’s what John Malone, the founder and chairman of Liberty Media,who owns an estimated 2.2 million acres of U.S. cropland, ranch land and woodland and so is the largest landowner in America has to say about why he invests so heavily in agricultural land:

“Productive land is one of the very few permanent values throughout history.In the long view in real dollars,cropland is probably best, because it’s producing a commodity that is consumed by a world market.To me it looks like one of the safest places you can invest money is productive land.”

So does this make you wonder what sort of returns North American farmland generates?Here’s your answer:

Over the past decade North American  farmland has generated annualized returns of 13.9%.

So what questions does Malone ask before buying agricultural land?Here they are:

Does it make economic sense?

Does it bleed money or is it self-supporting and self-managing?

Do I have to get involved in day-to-day operations of the business, or does it have competent current management?

Does it represent economic diversification for myself and my family?

There’s no reason why this can’t be your check-list and mine too while buying agricultural land.

 

Leading Landlords


wealthymatters

The approximately 3.6 million acres of land held in Maine, New Brunswick and Nova Scotia make the Irvings the largest landowners in those states and provinces.As heirs to the J.D. Irving Group of Companies fortune, the three Canadian brothers,James,Arthur and John, also inherited thousands of square miles of forest land that the company uses as paper and pulp materials in one part of their very diversified business portfolio. Read more of this post

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