Last Saturday (September 20) in Mexico City, longtime friend of Sophia’s Carlos Slims hosted a birthday gala for her at Museo Soumaya. Spotted: Forest Whitaker, Jon Voight, and Andy Garcia, Sophia‘s son, director Edoardo Ponti and his wife, Rizzoli & Isles actress Sasha Alexander. [Forbes]
According to Wealth-X and UBS’s “Billionaire Census,” Penn, Harvard and Yale narrowly beat out USC for billionaire alumni. The list then goes back to Ivy Leagues and Ivy-like League schools and tech schools like MIT, with a couple non-US schools making the grade as well. #sidenote: 286 of the billionaires from the Wealth-X report are women 😉
A theater, a wine room, a $200,000 candy bar and pre-stocked Dom Perignon …. all perks in this new $85M home was built on spec by Bruce Makowsky who is the same guy who wound up buying the Malibu Colony home in 2010 where a mortgage officer from Wells Fargo has been squatting after it was seized by the bank from Bernie Madoff victims who could no longer pay their mortgage.
Spoiler alert: It’s our friends over at Bel Air Investment Advisors. Mike Zhang 23, became a millionaire recently after he sold an online company he started at the age of 14. Bel Air, which primarily manages money for very wealthy individuals, has been getting a number of new clients like Zhang lately: young, newly-made tech millionaires. Bel Air’s younger clients are putting a sizable chunk in hedge funds, master limited partnerships and real estate as well as safer, income generating assets like bonds. The entrepreneurs also like to keep between 10% and 15% of their assets free to invest in their own ventures or other start-ups. [CNN Money]