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POPSMark Cuban On How To Get Rich I'm always amazed that people will shell out money for get-rich-quick schemes. Anybody that has actually earned their riches justly will tell the real way to a fortune is a lot of hard work.
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POPSBillionaires Who Weren't With all the Web titans on our list of the world's billionaires, it's tempting to think that any intelligent person with a decent tech idea in the late 90s became fabulously rich. Definitely not the case. For every billion-dollar success there were plenty of eToys and Pets.com.
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POPSScary Chart The U.S., already in a ton of debt, continues heading in the wrong direction.
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POPSThe Latest Social Network Sounds like it has a decent chance. Gamers spend a lot of time online and Raptr's co-founder has a solid track record. He sold XFire--sort of like a gaming instant messenger--for $102 million in 2006.
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POPSGoogle Billionaire: Goodbye OS's Sergey Brin says that we will likely turn more to Web apps than traditional software in the future. This would shift importance from operating systems-like Windows-to browsers-like Google's new Chrome.
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POPSBuy A Lunch With Buffett Bidding for a lunch with Warren Buffett on eBay has already run over $40k and will certainly go much higher. Last year, the winning bidder paid just over $650k. The proceeds from the auction go to a San Francisco charity.
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POPSBloomberg As Presidential Kingmaker Billionaire Bloomberg isn't running for President but he might have a say in who wins. If the popular NYC mayor proves he has some influence in the key swing state of Florida, he could have an effect on the election's outcome.
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POPSBillionaire Blogging Mark Cuban has long had one. Ross Perot launched one last week. Carl Icahn plans to start blogging today It's clear that the prominence and success of these billionaires makes others curious what they have to say. Perot's first post was only a press release announcing the site, PerotCharts.com. It's received 74 responses in a few days.
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POPSAmazon.com The Store? Amazon has a big advantage over brick-and-mortar retailers because most of its customers don't pay sales tax. That basically adds an 8% discount to all its goods and lures more customers. But Amazon is losing that advantage as states change their sales tax codes. Billionaire Bill Ackerman has a plan. Buy Borders.
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POPSIRS Says Billionaires Owes $144 Million Billionaire Philip Anschutz gave a bank some of his stock. The bank gave him money back. Anshutz says he didn't have to pay certain taxes on the deals because they weren't sales. They sure sound like they were though.
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POPSBillionaire Indicted On Drug Charges Billionaire and Broadcom co-founder Henry Nicholas was indicted today for stock-options backdating. Not a big surprise, since there had been a very public investigation for a while. What is surprising is another indictment unsealed today that alleges Nicholas was heavily involved with illegal drugs like ecstasy and cocaine. Nicholas allegedly called them "party favors" and used them to drug industry execs and Broadcom customers. One bizarre story from the indictment: it alleges Nicholas distributed his party favors during a private flight. The indictment says that so much pot smoke filled the air, the pilot was forced to put on his oxygen mask.
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POPSYahoo's Scorched Earth Tactics Seems like Jerry Yang's Yahoo was considering some creative ways to fight off a Microsoft acquisition. E-mails suggest the company was considering giving employees financial incentive to quit if acquired by Microsoft. It's reminiscent of the old war tactic of salting the earth. Retreating armies dump salt on farmland so that their enemies won't be able to use them.
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POPSPickens: Watch Out Yahoo We already know Yahoo shareholders are angry the company nixed a takeover by Microsoft. Now billionaire T. Boone Pickens says those shareholders have solid grounds to sue the company.
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POPSSoros: Oil Bubbling If high oil prices are just a bubble that is about to pop, some relief might actually be on the way.
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POPSBuffett For Obama With the economy sure to be a major issue in the coming election, Obama may want to play up an endorsement from one of the world's sharpest businesspeople.
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POPSPeltz To Rising Food Costs: Meh Ethanol, rising fuel costs, and increasing demand from the developing countries have all conspired to jack up ingredient costs for food chains. That's made some investors wary but not Nelson Peltz. Worth noting since Peltz has proven his savvy in investing in this sector time and again.
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POPSTrump, A Valuable Name Impressive, Trump was reportedly supposed to get a 25% cut of each condo sold in this development. He wasn't building it and didn't own the land, he was just lending his name and promotional flair.
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