Meghan Christensen

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When A Texas Multimillionaire Stood Trial For Murder | Forbes
09:52
Priscilla Davis, a platinum-blonde mother of three, arrived home late on a Monday night in 1976. It was a beautiful home, appointed with high ceilings, an indoor pool and picture frames hemmed with leopard skin or gold. There was a man in the kitchen. He was dressed in black and disguised in a women’s wig. “Hi,” the man said. Then he shot her in the chest. Priscilla screamed loud enough to beckon her lover, Stan Farr, from the master bedroom. Farr lumbered toward the kitchen as quickly as a 6-foot-9 man could move, where he encountered the intruder, who shot him twice. As he crumpled to the floor, Farr and Priscilla locked eyes. Two more shots rang out, and Farr was dead. As she recounted later to law enforcement, Priscilla pleaded for her life. She believed the killer to be Cullen Davis, her estranged husband of seven years and an oilman worth at least $250 million. They were in the midst of a messy divorce, and for the moment, she occupied their $4 million mansion in Fort Worth, Texas. But who was Cullen Davis? And how did an American multimillionaire become the prime suspect in such a horrific crime? Dark Capital is a limited-run series that explores the intersection of business, wealth and crime. It’s featured on Sundays. Read the story of Cullen Davis on Forbes: https://www.forbes.com/sites/noahkirsch/2019/06/07/when-a-texas-oilman-stood-trial-for-murder/?sh=2c05bee2c471 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
From Heiress To Felon: How Clare Bronfman Wound Up In NXIVM | Dark Capital | Forbes
11:46
Clare Bronfman poured over $100 million into Nxivm—which prosecutors call a fraudulent, pyramid organization—over 15 years. But how did an heiress to the multibillion-dollar Seagram’s fortune become central to what’s been called a notorious sex cult? It was enormous wealth, close observers of their time with Nxivm say, that made the Bronfman sisters such irresistible targets of the group’s budding guru, Keith Raniere, who was convicted of all charges against him on June 19, 2019. Dark Capital is a limited-run series that explores the intersection of business, wealth and crime. It’s featured on Sundays. Read the full profile on Forbes: https://www.forbes.com/sites/willyakowicz/2019/05/31/from-heiress-to-felon-how-clare-bronfman-wound-up-in-cult-like-group-nxivm/?sh=679bd5d13ecf Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Tobacco Heiress Doris Duke And The Death Of Eduardo Tirella | Dark Capital | Forbes
06:35
Doris Duke was tall, blonde, beautiful, and rich: a tabloid staple. She was the daughter and only child of tobacco titan, James Duke, born in the early 1900s. The Duke family was one of the richest in America at the time, and the public knew Doris as a socialite, yes, but also as a generous philanthropist who started a foundation in her name. So, when news broke that Doris might have intentionally killed her best friend, Eduardo Tirella, the public saddled up for the trial of the century. Justice would be swift for Doris, they thought, but they'd be wrong. This is the story of Doris Duke and the "unfortunate accident" that took place on October 7th, 1966. Dark Capital is a new series that explores the intersection of business, wealth and crime. Tune in for new episodes every-other Sunday at 6pm ET. Read the full profile on Forbes: https://www.forbes.com/sites/samanthatodd/2019/10/18/the-fatal-crash-that-plunged-doris-duke-into-scandal/#5d9eed572057 Explore the Dark Capital series on Forbes: https://www.forbes.com/dark-capital/#89e867954c9c Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Blockchain Dinner Challenge | Forbes
09:45
Is it possible to host a meal where all the food is tracked on a blockchain? We take a look at the next evolution of blockchain: the food supply chain. Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbesvideo Forbes Video on Instagram: http://instagram.com/forbesvideo More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
How To Hide A Billion Dollars (From Your Wife) | Forbes Investigates | Forbes
06:17
At 81, high-frequency trading pioneer Ed Bosarge is in court battling ex-business partners, the founder of a stem cell clinic of which he took control and the wife he dumped. She says he’s got billions stashed in a constantly changing array of offshore and South Dakota trusts. For more than a decade through 2015, Houston-based Quantlab was a money machine, generating more than $3 billion in cumulative profits from proprietary high-frequency trading that on some days accounted for 3% of NYSE volume. More than 70% of those profits went to founder Wilbur “Ed” Bosarge—or rather, to trusts he controls. Quantlab cofounders Bruce Eames (with a 24% stake) and Andrey Omeltchenko (with 4%) are now suing the 81-year-old Bosarge for fraud. (He denies their claims.) Bosarge is also facing a fraud suit from the founder of a Bahamian stem cell clinic that he funded, took control of and at which he received multiple treatments—for, he said in a deposition, “bad ankles, bad knees from skiing, muscles that pulled out. When you reach 70, 75, various things start going wrong and you have to deal with them.” But Bosarge’s most notable current legal battle—for what it shows about the way U.S. state trust laws increasingly protect the rich—is with his wife, Marie, a 66-year-old onetime Marilyn Monroe impersonator Ed married in 1989. In the summer of 2017, while Marie was in London putting the finishing touches on their newest pad, a $45 million Georgian mansion in billionaire haven Belgrave Square, Ed served her with divorce papers. Marie says she was shocked. Yes, she says, she knew about Ed’s twentysomething Russian mistress, but she assumed Ed would see it as too expensive to divorce her since the couple didn’t have a prenuptial property agreement and Texas is a community property state—meaning everything earned during their marriage, including those Quantlab profits, would be jointly owned. Marie contends she’s owed a billion or more, although she tells Forbes she’d settle for less than $100 million. “I’d be happy with that. To just pay my bills and move on with my life.” Forbes estimates Ed Bosarge is worth at least $1 billion. But as he and his lawyers tell it, the couple’s community property assets total just $25 million since an array of trusts own not only his Quantlab stock, but also their homes in Houston, Aspen, London and Maine and the 72-acre island in the Bahamas where they docked their three (trust-owned) yachts, including the eponymous 180-foot Marie, complete with a baby grand piano. After the divorce papers were served, one of the trusts even repossessed a $1.9 million (purchase price) diamond necklace which Marie says Ed gave her as a Christmas present in 2009. “That wasn’t a gift; that was specifically bought by the trust. It was a specific investment,’’ Ed insisted in a deposition last year. Read the full profile on Forbes: https://www.forbes.com/sites/christopherhelman/2020/09/04/how-to-hide-a-billion-dollars-three-techniques-the-ultra-rich-use-to-dodge-ex-spouses-the-taxman-and-disgruntled-business-partners/#6a5cdd895994 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Why Kylie Jenner Is No Longer A Billionaire | Forbes Investigates | Forbes
03:50
More than a decade into their fame, the Kardashian-Jenners tend to induce eye-rolls and sighs among jaded media consumers. But when it comes to their wealth, even critics of reality TV’s first family are intrigued; the Kardashian-Jenner machine—and the cash it generates—has been the subject of articles, podcasts, even books. But no one cares more about the topic than the family itself, which has spent years fighting Forbes for higher spots on our annual wealth and celebrity earnings lists. So when the youngest of the clan, Kylie Jenner, sold 51% of her Kylie Cosmetics to beauty giant Coty in a deal valued at $1.2 billion this January, it was a watershed moment for the family. One of the greatest celebrity cashouts of all time, the transaction seemed to confirm what Kylie had been saying all along and what Forbes had declared in March 2019: that Kylie Jenner was, indeed, a billionaire—at least before the coronavirus. But in the deal’s fine print, a less flattering truth emerged. Filings released by publicly traded Coty over the past six months lay bare one of the family’s best-kept secrets: Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe. Of course white lies, omissions and outright fabrications are to be expected from the family that perfected—then monetized—the concept of “famous for being famous.” But, similar to Donald Trump’s decades-long obsession with his net worth, the unusual lengths to which the Jenners have been willing to go—including inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged—reveals just how desperate some of the ultra-rich are to look even richer. “It’s fair to say that everything the Kardashian-Jenner family does is oversized,” says Stephanie Wissink, an equity analyst covering consumer products at Jefferies. “To stay on-brand, it needs to be bigger than it is.” Based on this new information—plus the impact of COVID-19 on beauty stocks and consumer spending—Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after tax from the sale, is not a billionaire. Read the full profile on Forbes: https://www.forbes.com/sites/chasewithorn/2020/05/29/inside-kylie-jennerss-web-of-lies-and-why-shes-no-longer-a-billionaire/#594d90cd25f7 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.