Youngest Billionaires In The United States - Forbes 400

If the Forbes 400 is the ultimate scorecard of wealth, these 20 people may be winning — even more than Bill Gates or Warren Buffett. While Gates and Buffett have the edge in total dollars, it’s the young billionaires that really get to have all the fun. Rather than planning retirement and succession, these folks are starting new companies and families, searching for new businesses to disrupt and new passions to engage. This year’s group of 20 youngest billionaires in America makes up just under $100 billion in total net worth ($98.6 billion to be precise). Dustin Moskovitz, at 28 years old, holds the title of youngest billionaire in the U.S. The Facebook cofounder made the list at $2.7 billion, down from $3.5 billion a year ago. Mark Zuckerberg, the second-youngest, also saw his net worth drop off a cliff after the Facebook IPO flop. Zuckerberg, who’s only eight days older than his former college roommate Moskovitz, had an estimated net worth of $17.5 billion in 2011. Now he’s down to $9.4 billion — certainly nothing to cry about (even though in dollar terms he’s the year’s biggest loser). Silicon Valley is well represented among the young and wealthy. Including Moskovitz and Zuckerberg, half of the top 20 youngest billionaires built their fortune in tech. Sean Parker, 32, is a Facebook alumnus who’s moving forward with video chat platform Airtime. Jack Dorsey, 35, is the chairman of Twitter and CEO of Square — he’s a newcomer to the 400 list at $1.1 billion. Then there are the 39-year-old Google founders, Larry Page and Sergey Brin. Combined, the duo is worth more than $40 billion in Google stock. Veterans from the first tech boom also dot the list. Jerry Yang, 42, founded Yahoo 18 years ago. He’s still going strong at $1.2 billion, although his company is looking for its latest rebirth under new CEO Marissa Mayer. Pierre Omidyar, who started eBay, is more focused on philanthropy, while PayPal founder Elon Musk has put his money into electric cars (Tesla) and space travel (SpaceX). But tech titans aren’t the only ones making money at an early age. More than a few hedge fund whiz kids are enjoying success. Chase Coleman and John Arnold have already amassed billion-dollar funds. Coleman, 37, shot to the top of the hedge fund heap — his Tiger Global beat nearly all other hedge funds in 2011 with a 45 percent return. Meanwhile, Arnold has already cashed in his chips. He shocked the investing world when he announced his retirement at the precocious age of 38. He now plans to devote much of his time (and $3 billion net worth) to charitable pursuits. Two others who made the youngest list last year but dropped off are Zynga founder Mark Pincus, 46, who lost more than half of his net worth as the stock tanked, and Facebook cofounder Eduardo Saverin, 30, who renounced his U.S. citizenship in 2011 and permanently relocated to Singapore.

Supreme Court Sentences Rapist, Murderer To Death By Hanging 24 December, 2012

The Supreme Court has sentenced James Chiokwe to death by hanging for the brutal rape and murder of a 15 year secondary school girl, Dorothy Ibekwe at Ugboh Edem Nike, Enugu on March 5, 1983. Chiokwe had met the deceased harvesting yams on the farm on that fateful day and held her by her neck and took her to the side of the farm where he had sex with her with brutal force. The convict who confessed to the commission of the heinous crime to the police initially said that he did not know what went into his head after having sex with her, when he took a knife and cut the girl’s neck and killed her. ‘’After I had sex with her, I took my knife and cut her neck, I also cut her on the hand and on her head and she died.’’ A police officer, Nicholas who investigated the crime said in part, ‘’on March 7, 1983- I was on duty at state Criminal Investigating Department (C.I.D.) office when a case of murder was referred to me for investigation. In the course of my investigation, I visited the scene of crime in the company of the accused. There, the accused showed me where he saw the deceased in a farm when she was harvesting yams. The accused told me that he held the deceased by her neck and took her to the side of the farm where he had sex with the deceased. ‘’The accused also took me to a dried river very near to the farm where he said he killed the deceased and dumped her corpse there and covered it with dried leaves. ‘’The accused also showed me a window in Dorothy’s house which he said he broke a day before he killed the deceased and that before he could enter the room, he was challenged and he ran back to his house’’. After Chiokwe was convicted at the High Court of Enugu, his counsel tried in vain at the Court of Appeal in Enugu to discredit the confessional statement of the accused. He had, in the alternative, urged the appellate court to be lenient to the accused by reducing his conviction to manslaughter. Chiokwe through his lawyer further told the appellate court that the accused had ordinarily set out to have intercourse with the girl on the farm and along the line he lost his senses and killed her after the act. He added that the murder could not have been premeditated. But the appellate court held that to convict a person charged for murder with manslaughter is not a matter of leniency but evidence adduced before the trial court. ‘’Where the evidence is sufficient to warrant the trial court to convict the accused for murder the trial court cannot do otherwise but convict the accused for murder and the appellate court has no discretion to be lenient to convict the accused for manslaughter’’. The five-man panel of Justices of the Supreme Court led by Justice Mary Ukaego Peter-Odili, on December 14, upheld the concurrent findings of the trial and the appellate court and consequently dismissed the appeal of the convict for lack of merit. ‘’I affirm the decision of the Court of Appeal which affirmed the judgment, conviction and sentence to death by hanging of the trial High Court’’ i personally believe this would mark a serious warning to those animals who persist in the heinous act

Nas Sued Over Kidnapping Ordeal: Concert Promoter Suing Rapper For $10 Million

The concert promoter who claims he was kidnapped because rapper Nas didn't show up for a scheduled performance is now suing the rapper for $10 million. In December 2011, Patrick Allocco alleged that he was kidnapped in Angola because the rapper didn't show up to a New Year's Eve concert after allegedly taking his $300,000 performance fee. Allocco told TMZ that he and his son were kidnapped by men working for a local concert promoter, who held him at gunpoint in order to turn him over to local authorities. Allocco says he was held against his will for 50 days, during which time he was beaten and threatened. In a lawsuit filed on Friday, Allocco claims he sustained psychological, physical and financial injury during his ordeal, losing his home and company in the process, reports The New York Daily News. According to court papers, Allocco claims that Nas received the $300,000 fee in advance, but instead of playing the show in Angola, he was in Miami attending a New Year's Eve engagement party at the home of basketball player LeBron James. So far the rapper's camp has not commented on the lawsuit.

RapeZilla

i like to think its official...but il ask anyway... which country do you think takes home the crown for possessing the most dreaded beasts- rapers Nigeria, India or South Africa

Peronal Development

For me personally clarity is one of these qualities I constantly strive for. And if you are anything like me you know that a clear mind is not only the best tool you can have to work with, but also the basis for living a balanced, conscious life. A clear mind means there aren't any more open questions, there isn't anymore noise and tumult going on in your head. It's a great state to be in and my preferred way to live, at least nowadays. That's why I value simplicity so much, which is a way of keeping clarity on top of everything. Dear friends, clarity comes when we think simple, yet intelligent and powerful, and are aware of what is really important to us and let go of all the rest. To reach total clarity in your mind you can use different techniques: 1. No Mind. Clear Mind. 2. Clarity = Free From Disturbance 3. How to Be Clear on What You Want 4. Make a Real Decision 5. And Finally Let it Go. Let it Be. 1. No Mind. Clear Mind. A clear mind in the sense of “no mind” is the absence of thought. It is part of mindfulness and spirituality. It means there is no particular content present in the mind. It is empty. What shines through when there is no noise in the mind is known as the state of presence. Mediation aims to get into this state. When we strive for clarity, it often helps to stop, break out of our current reality and get out of our stream of thoughts. It creates some kind of freshness and openness for new insights to enter our mind. 2. Clarity = Free From Disturbance Per definition clarity means being free from disturbance. Free from disturbance translates into your stream of thoughts being free from unnecessary noise and therefore clear and focused. This usually means focused on one thing not jack of all trades but master of none. Solitude is a way to get away from any disturbance. And solitude also has the power to clean up your thought processes. It’s a time to self-reflect on yourself and your life. So if you seek clarity, make some time for solely yourself. 3. Be Clear on What You Want If you are fuzzy about what you want, your results will be fuzzy as well. Clarity about what you want will only come if you start to define what it really is. Answer the question “What do I want most right now?” Set one clear and written goal or set a plausible milestone that will be your guideline from there. Then develop a simple plan to get there and start with the first step today! 4. Make a Real Decision What is comes down to is for you to make a decision. A real decision will create clarity for you. The word decision is derived from Latin and means “a cutting off” – and that’s what it really is. If you make a decision you go for one thing only, and you deliberately cut off all the others that could’ve been the way to go as well. But you thought about it and the time has come to decide. You choose the one thing and go forward from there. Remember, decisions are almost never perfect or easy to make. If it would be obvious it wouldn’t be a decision but more a natural step to take next. Decisions are not here to make the obvious step, a real decision is a conscious choice of one option, more often than not just in order to get ahead and make progress. Decisions are a powerful tool to create clarity and to free a confused and overwhelmed mind. So make your decision on what is bothering you and move on. 5. Let it Go. Let it Be. Letting go can be a tough thing to do. But sometimes it’s the only real option there is. Accepting something and letting it be. That’s almost the better description of it: to let it be. When you are overwhelmed with thoughts spinning in your head, try this: Say to yourself to let it be for a moment. Ultimately it doesn’t matter that much. It is probably not THAT important as you make it to be. This may help you to unknot your brain and to instantly change your state to a more resourceful one. From that point on it may be much easier to focus again and find a solution that works for you. Hope you gain some lessons from this little piece on personal development? Remember what the Bible instructed us, it said “we should store our treasures in heaven where moth and thief will not harm” also it further said that, where our treasures are, that is where our heart should be.” So friends, be focus and be determine….

Tonto Dike's Song Arouses Criticisms

Nigerian actress Tonto Dikeh who recently released two new singles 'Itz Ova' and 'Get High' has aroused harsh criticisms from fans and Nollywood producer, Charles Novia.

The film director said "I have restrained myself for a couple of years from commenting on Tonto Dike's career after my last comments about her role in the soft porn movie she acted in two years back, were badly taken by her and she went on twitter to hurl infantile insults on my person with expletives and uncomplimentary remark.

Novia said "my reaction to such then was just a dignified silence. After all, I had already spoken on her stunted talent as an up and coming actress and further comments on her incensed tweets were unnecessary.

"All through the past few hours, the social media networks have been abuzz with the new singles of actress, Tonto Dike. She seems to have joined the actors of her ilk who have the moonlighting itch to delve into singing.

"While no one can stop such an ambition by those artistes, I do think those who surround such artistes are their worst enemies if they can't tell them the truth about leaving their sometimes doubtful day job. Well, I will!"

Novia said he listened to Miss Dike's two singles a few minutes ago, "and my initial speechlessness morphed to a nagging laughter and then subsided into a befuddled anguish. I'm a music label owner (November Records) and have produced and executive produced acts like Majek Fashek, Terry tha Rapman and Zubby Enebeli, among others.

"I know much about music and the slant of commercial music, but after listening to Miss Dike's songs, I'm inclined to align with the majorly negative comments about them on cyberspace. Ah-ah! Whoever produced her knew she has a bad voice for singing and masked our listening torture with the Autotune effect."

He observed that "even the Autotune rejected any attempt to make a bad voice worse and Miss Dike came out sounding like she was in mid-stream orgasm instead of singing! Her anguished tremolos would have been better reserved for a horror movie sound effect than an attempt at joining the revered profession of music.

"If Omotola got away with her last two terrible attempts at singing, it was because Omotola is a fantastic actress and her fans could forgive her musical failings after backtracking her body of work in Nollywood."

He said "with Tonto, I can't say much either for her acting depth. She's a one-dimensional actress in my opinion, who mistakes notoriety for fame. She needs more training in acting and this I say with all sense of professionalism as a movie director.

"She might achieve greater heights in acting if she trains more, but she has no heights to achieve in singing. Only a downward plunge, the stuff bad endings in movies are made of."

THE REACH MAGAZINE