Blueface net worth: Blueface is an American rapper and songwriter who has a net worth of $4 million. Blueface was born in Los Angeles, California in January 1977. In 2018 he became a viral internet meme after he released his music video "Respect My Crypn". He is known for his tattoo of Benjamin Franklin on the side of his face and his off-beat style rapping. Blueface signed with Cash Money West in 2018 which is the West Coast branch of rapper Birdman's Cash Money Records label. Blueface's debut mixtape Famous Cryp was released in 2018 which featured the single "Thotiana". The song reached #4 on the US R&B/Hip-Hop chart as well as #8 on the Billboard Hot 100, #9 in New Zealand, #12 in Canada, and #17 in the UK. Blueface released the mixtape Two Coccy in 2018. Blueface has collaborated with other artists including G-Eazy, French Montana, Lil Tjay, and NLE Choppa. In 2019 he was arrested for felon gun possession after being arrested for shooting at an occupied vehicle in 2018 after someone attempted to rob him at a gas station.
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Brandon Thomas Lee net worth: Brandon Thomas Lee is an American reality television personality and actor who has a net worth of $1 million. Brandon Thomas Lee was born in the United States in June 1996. He is the son of Tommy Lee and Pamela Anderson. Brandon Thomas Lee is best known for starring on the MTV reality television series The Hills: New Beginning starting in 2019. As an actor he appeared in the 2018 film Sierra Burgess Is a Loser. Lee also appeared in the short Inherent Greed and in an episode of the TV series Tales. He has also appeared in episodes of the TV series Entertainment Tonight and Strahan & Sarah. Brandon Thomas Lee appeared in the video documentary Playboy: The Ultimate Pamela Anderson and in the video short Dolce & Gabana: Spring/Summer 2019 Women's Fashion Show. He is the brother of Dylan Jagger Lee and the cousin of Matthew, Tobi, and Miles Kottak.
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Tobias Harris net worth: Tobias Harris is an American professional basketball player who has a net worth of $30 million. Tobias Harris was born in Islip, New York in July 1992. He is a 6'9″ small forward and power forward who played at Half Hollows Hills West and Long Island Lutheran high schools where he was named Mr. New York Basketball, a McDonald's All-American, and a first-team Parade All-American in 2010. Harris played his college basketball at Tennessee where he was named to the SEC All-Freshman Team and was selected as second-team All-SEC by the coaches in 2011. Tobias Harris was drafted #19 overall by the Charlotte Bobcats in the 2011 NBA Draft and was traded on draft night. He played for the Milwaukee Bucks from 2011 to 2013 and for the Orlando Magic from 2013 to 2016. Harris played for the Detroit Pistons from 2016 to 2018 and for the Los Angeles Clippers from 2018 to 2019 before signing with the Philadelphia 76ers in 2019.
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In the 15 years Luol Deng has been playing in the NBA he's always been a solid player with good numbers. He averages about 15 points per game in his 900+ game career to date. The 34-year-old spent this past season with the Minnesota Timberwolves and despite his consistent play, he's never been the star of any of the five teams he's played for. The kind of career Deng has is lucrative thanks to the league's TV contract with ESPN and TNT. To date, Deng's on court career earnings are $151 million. The Sudanese born player is not relying on his NBA earnings though. Deng has been investing in real estate since his first year in the league in 2004. He has a portfolio of hotels, resorts, condos and apartment buildings worth $125 million.
Deng's career – and his moves off the court – are similar to that of Junior Bridgeman and the NFL's Roger Staubach – two professional athletes who made smart moves and most of their money outside of their chosen sport. Even amongst players today, Deng is in good company. Steph Curry, LeBron James, and Blake Griffin have all started production companies. Kevin Durant is a venture capitalist, and Carmelo Anthony and Derrick Rose are involved in real estate deals.
Real estate is one of the more lucrative side gigs, especially since the 2017 tax law raised the threshold higher with the creation of Opportunity Zones. These O-Zones allow investors to put recent capital gains into projects or companies in low income areas. The gains then compound tax-free and there's no limit on how much money you put into them and how much tax you can avoid as a result. There are about 9,000 O-Zones, areas that have to have a poverty rate of at least 20% or, alternatively, a median household income that is less than 80% of the surrounding area.
Deng and about six other NBA starts are part of Our Opportunity, a new fund looking to raise $300 million this year. Deng spent 10 years playing for the Chicago Bulls, and has wanted to do something in the city for a long time.
Deng was born in Sudan and lived in Egypt and England before moving to the U.S. at 14 to play basketball. He played one year at Duke University before being selected seventh overall in the 2004 NBA Draft. He started his real estate investing in East Africa and London before buying properties in the U.S. He's got everything from spec houses in the Hamptons to apartment buildings in Baltimore to the Virgin Hotel in Las Vegas and a high-end resort in the Bahamas. He said he's learned a lot from his mentor, JPMorgan Chase CEO Jamie Dimon. Deng was good friends with Dimon's daughter at Duke. When Deng was drafted by the Bulls, Dimon was based in Chicago and introduced Deng to the city.
Quite simply, Deng did not want to be one of the estimated 60% of NBA players who went broke within five years of retirement. He was the first NBA player to join Our Opportunity and his participation in that opened the doors for other NBA veterans including Derrick Rose, Carmelo Anthony, and Josh Smith.
Deng is not quite ready to retire from basketball, but he will be looking for a new contract for next season. If that doesn't pan out, however, his side hustle should keep him solvent for a very long time.
Professional motorsports can be an extremely lucrative activity, with money pouring in from your salary, various brand sponsorships, bonuses for winning races, and more. Salaries within the world of motorsports also tend to be more secretive than in other sports, but according to recent estimates these are among the highest-earning active race car (and motorcycle!) drivers in the game right now:
Nico Hülkenberg: $10 Million Per Year
The first of many Formula 1 drivers on this list, Hülkenberg's biggest accomplishment in racing so far is probably his 2015 Le Mans victory along with fellow racers Earl Bamber and Nick Tandy.
Kyle Larson: $10.1 Million Per Year
Larson's most glorious year on the NASCAR circuit came in 2017, when he took home first prize in four races. This year, he recently finished first in the All-Star race, his only victory so far as of this writing.
Joey Logano: $10.2 Million Per Year
Joey Logano of Team Penske has racked up some 23 Cup victories and counting in the Monster Energy NASCAR Cup Series, two of them in 2019, and he's earning an estimated $10.2 million a year at the same time.
Brad Keselowski: $11.2 Million Per Year
Keselowski, on the other hand, has 30 victories to his name so far, with three in 2019. All with an impressive yearly take of about $11.2 million.
Kevin Harvick: $13.8 Million Per Year
Harvick has had better years than 2019, which has left him without any NASCAR premier series victories so far. But he's managing pretty well in the financial department regardless, and he has a total of 45 wins to his name.
Denny Hamlin: $14.6 Million Per Year
Denny Hamlin of Joe Gibbs Racing hasn't won a NASCAR premier championship as of yet, but that hasn't stopped him from earning an estimated salary of some $14.6 million a year.
Kyle Busch: $14.7 Million Per Year
Kyle Busch is probably one of the more famous names in NASCAR, and his $14.7 million estimated salary is joined by an impressive record of 55 career Cup victories.
Daniel Ricciardo: $15 Million Per Year
Viewers of the Netflix original documentary series Formula One: Drive to Survive were privy to Ricciardo's move from Red Bull to Team Renault, a move that likely kept his $15 million salary intact.
Max Verstappen: $16 Million Per Year
You may recognize Verstappen as being the youngest person ever to race in Formula 1 competition, having begun his career when he was just 17 years old. He's a relatively long in the tooth 21 now, but still doing pretty well for himself.
Marc Márquez: $18 Million Per Year
The first of just two motorcycle racers on this list, Marc Márquez is one of the only motorcycle racers that commands a salary in the same league as his race car driving counterparts.
Jimmie Johnson: $19.2 Million Per Year
The highest paid NASCAR driver on this list is one of the household names of the sport: Jimmie Johnson, who takes home an estimated $19.2 million a year.
Sebastian Vettel: $30 Million Per Year
Vettel is one of the very top performers in Formula 1 racing, currently taking in an estimated $30 million a year with Team Ferrari.
Lewis Hamilton: $35 Million Per Year
Depending on how you count the earnings, Hamilton falls short of being the highest paid racer in motorsports. But the Formula 1 superstar is currently ranked at number 1 on the driver's championship standings, which is almost as good.
Valentino Rossi: $40 Million Per Year
Rossi may no longer be at the top of the MotoGP standings, but his status as one of the "elder statesmen" of the series allows him to command some pretty big bucks, with a salary estimated to be as much as $40 million, thanks to the VR46 junior team he leads in addition to his own racing.
If it feels like a lot of Democrats have thrown their proverbial hats into the ring – the race for the presidency – that's because they have. Are you a democrat free of felonies? You might as well run too – that's how crazy it is that some of these candidates are even wasting the time and money on their campaigns. The mayor of Miramar, Florida? Really? There are like 100,000 people there. Same with South Bend, but Pete Buttigieg has a platform. He has no chance, but at least we have our first married gay man in the race, right?
Contrary to popular belief, you don't have to have a lot of money to run for president. In fact, some of these candidates actually have a negative net worth. What? Seriously though, the real game to play or bet to make is who will drop out of the race first.
Some of the figures below are estimates as only the 17 Democrats who have recently been in Congress or run for federal office have filed personal financial disclosure forms. Those forms, however, are only required to report a range of figures, not exact amounts.
The net worth of the 24 candidates range from Eric Swalwell's negative net worth (due to student loan debt, of course), to Representative John Delaney's $232 million. Here's everything we know right now about the net worth and finances of all 24 2020 Democratic presidential candidates.
Net Worth: $16 million
Why: Michael Bennet made his money working as an executive at the Anschutz Company. Anschutz is a private holding company with stakes in mass media, entertainment sports, telecommunications, energy, and transportation.
Net Worth: $4 million
Why: When Joe Biden left the White House, he had a negative net worth in part due to the medical bills from his late son Beau Biden's battle with cancer. Since then, he and his wife Dr. Jill Biden have made millions from a book deal and speaking engagements.
Bill de Blasio
Net Worth: $1.5 million
Why: New York City Mayor Bill de Blasio earns $285,000 annually. He has additional income from rental properties he owns.
Net Worth: $3 million
Why: Cory Booker co-founded video sharing technology company Waywire in 2012 but later resigned. Outside of his $174,000 Senate salary, Cory Booker has earned a little over $1 million in royalties from his book "United". He earned $325,000 in royalties in 2016 and $400,000 in 2015. According to his 2017 wealth disclosure, Cory reported $550,000 in assets, mostly in brokerage accounts.
Net Worth: unknown
Why: According to his 2016 tax returns, Governor Steve Bullock and his wife earned $1.6 million between 2005 and 2014. Do the math. That isn't all that impressive. That's about $160,000 a year between both of them. Of course, he's in Montana where you get more for your money.
Net Worth: unknown
Why: The Mayor of South Bend, Indiana earns an annual salary of $104,000. He will also receive royalties on his recently published memoir Shortest Way Home.
Net worth: unknown
Why: According to 2017 financial disclosures, Julian Castro has between $138,000 and $470,000 in assets.
Net Worth: $180 million
Why: Delaney is one of the wealthiest members of Congress and is the only former CEO of a publicly traded company. Delaney founded two New York Stock Exchange-listed companies before the age of 40. In 1993, he co-founded Health Care Financial Partners, which makes loans available to smaller heath care service providers, and in 2000 he co-founded Capital Source, a commercial lending company.
Net worth: $208,504
Why: Tulsi Gabbard is the Representative for Hawaii's 2nd congressional district. She is the first Samoan American and the first Hindu member of Congress.
Net Worth: $600,000
Why: Kristen Gillibrand served as a member of the U.S House of Representatives from New York's 20th district from January 2007 to January 2009. She became a United States Senator from New York in January 2009. Kirsten Gillibrand held positions in government and private practice and worked on Hillary Clinton's U.S. Senate campaign.
Net Worth: $4 million
Why: According to her 2015 Congressional finance disclosure, Kamala Harris' net worth was roughly $3.31 million. The vast majority of her net worth is attributable to her husband Douglas Emhoff who is a partner at DLA Piper Law Firm working out of their California and D.C. offices focusing on entertainment and intellectual property law. On her own, Harris has a net worth of about $391,000.
Net Worth: unknown
Why: Former Colorado Governor John Hickenlooper's net worth is not known, but in 2007, he sold a stake in his chain of breweries and restaurants for $5.8 million.
Net Worth: unknown
Why: Washington Governor Jay Inslee's most recent tax returns shows he earn $170,000 a year and receives $43,000 a year from his congressional pension.
Net Worth: $1.5 million
Why: Amy's biggest asset is a Vanguard investment account that is worth $250,000. She owns a similar Fidelity account that's worth $175,000. Going back to 2006, her net worth has ranged from a low of $465,000 in 2009 to its current high of $1.5 million. She and her husband earned a combined total of $299,000 in 2018.
Net Worth: unknown
Why: The Mayor of Miramar, Florida earns an annual salary of $43,000. His home is worth a bit over $500,000.
Net worth: $71,000
Why: In 2015, Seth Moulton reported assets ranging from $25,027 to $377,000 and liabilities from $1 to $2 million.
Net Worth: $9 million
Why: Beto O'Rourke's mother ran a successful business for decades. His wife Amy is the heiress to a local real estate fortune.
Net worth: Impossible to calculate, likely negative
Why: Tim Ryan's latest personal finance disclosures were file in 2017. It reported assets between $85,000 and $276,000 and liabilities between $215,000 and $500,000.
Net Worth: $2 million
Why: Bernie Sanders has made $2 million from sales of his books. He has not yet released his tax returns, despite seeking the Democratic nomination for president in 2016.
Net worth: -$10,000 to $149,000
Why: Student loan and credit card debt. We feel you, Eric Swalwell.
Net Worth: $8 million
Why: In April 2019 Elizabeth released 15 years worth of tax returns that showed she has made a small fortune selling books. In 2018 Warren and her husband's total income was $846,000. Since 2013 she has earned $3 million in book royalties and advances. Their income spiked to an all-time high of $1.5 million in 2014, the year her memoir A Fighting Chance was released.
Net Worth: unknown
Why: Marianne Williamson first ran for Congress in 2014. Her personal disclosure at the time showed assets of $957,000 to $4.5 million
Net Worth: unknown
Why: The Venture for America founder's 2016 tax returns show an annual salary of $285,000. He has never run for office and has not filed financial disclosures regarding his assets and liabilities.
It would be great to be a billionaire. It would be even better to be a billionaire before the age of 30. That's what these lucky people are – billionaires in their 20s. Three of these young billionaires have inherited their fortunes. Two made their billions in the tech industry. Either way, their wealth allows them to do some pretty spectacular things, like buy an island and then a private jet to get to that island.
Alexandra and Katharina Andresen
Net Worth: $1.2 billion each
The youngest billionaire in the world is still 22-year-old Alexandra Andresen. Alexandra and her 24-year-old sister Katharina, who inherited their fortunes, each have a net worth of $1.2 billion. In 2007, their father, Johan Andresen, transferred his shares of Ferd Holdings, Norway's biggest company, to his daughters. The Andresen family made a massive fortune in the tobacco industry. Alexandra and Katharina's great, great, great grandfather founded Norway's biggest cigarette company. That company was sold for $500 million in 2005 and the money was invested in hedge funds and real estate. Needless to say, those investments did very, very well.
Alexandra loves riding horses and does so competitively. She has at least four horses and takes care of them very well with plenty of vet appointments and grooming sessions. Alexandra takes her horses so seriously that she was a member of Norway's national dressage team. Alexandra also loves the outdoors, as you might expect someone who loves horses and riding too. She enjoys hiking, camping, and fishing. But don't let those middle class hobbies fool you, she is also very much the jetsetter, traveling in luxury to places like India, and sharing the snaps of her holidays on her Instagram account.
Katharina, on the other hand, prefers to spend her time and money staying up to date on the latest fashion trends and carrying extremely expensive designer handbags, like a $1,900 Louis Vuitton. Katharina is also a self-proclaimed "shoe-aholic" who favors limited edition Christian Louboutin shoes that sell for $640. An animal lover like her younger sister, Katharina's pride and joy is her pet bulldog Tycho.
Gustav Magnar Witzøe
Net Worth: $3 billion
Gustav Magnar Witzøe, like the Andresen sisters, is from Norway. He is the third-youngest billionaire in the world at 26. Witzøe officially came into his wealth in 2013, when his father gifted him nearly half of the shares in his massively successful salmon company SalMar ASA, which is one of the biggest producers of salmon in the world. The gift made him the holder of the largest fortune in Norway, but for whatever reason, he tends to explore other avenues of personal expression outside of the salmon business. For instance, he's amassed a decent following on Instagram, where as of this writing, he has more than 105,000 followers, and a genuine professional modeling contract with Next Models Worldwide in his native Norway. This is in addition to numerous other business ventures, such as his investments in startups like Snapchat alternative Gobi, and Key Butler, marketed towards heavy-use Airbnb landlords.
Gustav is also really into fashion and specifically shoes. He is a frequent front row guest at Norwegian fashion shows. He also is a jetsetter fond of traveling and shares photos of his travels on his Instagram.
Net Worth: $2.1 billion
Stripe co-founder John Collison is the fourth-youngest billionaire in the world at 28. He is just two months younger than Snapchat founder Evan Spiegel. He co-founded Stripe with his brother Patrick in 2008. The native of Ireland was an undergraduate at Harvard when Stripe started to take off so he dropped out to focus on the business. Now, besides building Stripe into the one of world's most popular mobile payment apps, he's got a bit of time to pursue his hobbies, which include flying across the Atlantic. He also runs and participates in 5K (3.1 miles) runs. He also loves to travel and shares his wealth when he takes the entire Stripe team along with him as he did when he hosted a pancake breakfast after a hike up Mt. Tamalpias.
Net Worth: $2.5 billion
Snapchat co-founder Evan Spiegel, at 29, is the oldest of the five youngest billionaires in the world. In 2017, he received an $800 million bonus for taking Snap, Inc. public at a $33 billion valuation. Since then, Snap's shares have taken a hit but his personal life is thriving. He's married to model Miranda Kerr and the couple welcomed their first child together, a son named Hart in 2018. Like other young billionaires on this list, Spiegel is into fashion – especially considering he's a tech CEO. In October 2015, he was on the cover of Vogue Italy. While he still sports the t-shirt, jeans, and sneakers that are a staple of tech bros, his t-shirt is a $60 James Perse and his sneakers are $410 Common Projects sneakers. Spiegel is also a licensed helicopter pilot and enjoys arranging flowers.
The DuPont family is one of the richest American families. Roughly 3,500 family members share a $14.3 billion fortune stemming from the chemicals empire founded by one of their ancestors in 1802. Since then the company has evolved into everything from plastics to dynamite. Oh, and along the way, the company also invented nylon and Teflon.
Robert Richards is one of the Dupont family heirs. He lives off a multi-million dollar trust fund. In 2009 he pleaded guilty and was convicted of raping his three-year-old daughter. He was sentenced to serve eight years in prison but a Superior Court judge somehow decided to suspend the sentence. Did his role in a family that was prominent in the community play a role? Of course it did. Oh, and by the way, he was never on trial for raping his toddler daughter, while he freely admitted he did. Here's how it all went down…
On February 9, 2009, Robert Richards admitted in court to raping his three-year-old daughter. According to court documents, he told Judge Jan Jurden, "I feel horrible. There's no excuse for what I've done to her." His attorneys characterized Richards as a "somewhat gentle person" who would "not fare well" in prison. Richards walked away from that Delaware court room later that day a free man. He pleaded guilty to a charge of rape in the fourth degree, paid a $4,395 fine, and promised to get treatment. Oh, and that claim that he was a gentle person? Besides the fact that he raped a three-year-old, Richards is 6'4″ and about 300 pounds. To call this a gross miscarriage of justice is an understatement. As usual, money talks.
The judge presiding over the case had originally been inclined to send Richards to prison for eight years. Instead, she gave him eight years of probation. The judge cited his needs for treatment but also said his strong family support swayed her in his favor. So he walked out of that courtroom a free man and went back to live on the proceeds of his multi-million dollar trust fund from one of the most powerful families in Delaware – the DuPonts.
Richards wasn't wholly off the hook, however. In 2014, his ex-wife Tracy Richards sued him in civil court for monetary damages connected to his crime. Whereas the original trial somehow escaped the notice of the press, this new one did not and the public was outraged that Richards had avoided jail time for such a heinous act.
In 2007, when Richards' daughter was about five years old, she described where her father had touched her to her maternal grandmother, Donna Burg. Burg immediately told her daughter what had been said and the two got in touch with both a doctor and the Child Abuse Hotline. Richards was arrested on charges that he'd been abusing his daughter sexually since she was three years old. He pleaded guilty to the charges right from the start.
Tracy Richards filed for divorce pretty much immediately. By the time Richards faced Judge Jurden in February 2009, the divorce was final.
When Richards was sentenced, he had promised to undergo treatment at an upscale clinic affiliated with Harvard Medical School. However, his probation status didn't allow him to do that, so he stayed local and went to group counseling for sex offenders. Eventually, his counselor didn't think he was making enough progress and recommended that Richards take a polygraph test. The results of that test indicated that Richards may have also raped his younger son. He claimed that he repressed the memories.
Authorities investigated these cases but never took any action.
Until, at least, Tracy Richards filed that 2014 civil lawsuit in Delaware seeking monetary damages on behalf of the couple's two minor children. She alleged that Richards, "breached his duty of care to his young children." In March of that same year, Tracy held a press conference about her civil suit that got wide media coverage. Her attorney said at the time:
"Making matters worse, this self-admitted rapist and child abuser has not paid a single penny to these children for his crimes."
You can imagine the headlines. Vanity Fair's read: "Du Pont Heir Gets No Prison Time for Raping 3-Year-Old Daughter." The Huffington Post'sread: "One Percenter Convicted Of Raping Infant Child Dodges Jail Because He 'Will Not Fare Well."
The civil lawsuit was settled in three months. However, the media frenzy did not die down. It even dragged Vice President Joe Biden's late son Beau Biden, who was attorney general of Delaware at the time, into the fray. Biden's office had originally charged Richards with two counts of second degree rape, a crime punishable by a minimum prison sentence of 20 years. So, how did Richards end up with no prison time at all?
Beau Biden wrote an op-ed for Delaware's News Journal in which he states that the case against the DuPont heir was not a strong case and that losing the case at trial was a possibility. By taking the plea deal, Richards at least had to register as a sex offender, go to rehab and promise not to have any contact with the victim or anyone under the age of 16. If they lost at trial, Biden posited, none of these restrictions would be in place.
Why did Biden and the other attorneys think they could lose at trial? For the simple reason that young children are not strong witnesses. Additionally, there was little to no medical evidence in Richards' case. On top of that, Richards had all the money in the world to fight the charges against him. And that's what happened in the case of Robert Richards raping his three-year-old daughter. It isn't fair. It is the opposite of fair. But it is the sad fact of the legal system in the United States.
The DuPont family fortune dates back to Pierre du Pont, an advisor to Louis XVI, the last king of France prior to the French Revolution. Pierre's son Éleuthère Irénée was a scientist who worked in a gunpowder plant in France. E.I., as he was known, worked on improving formula of gunpowder as well as how to mass produce it. After Louis XVI was executed, the du Ponts quietly moved to the U.S. It was 1799 E.I. du Pont founded the DuPont company in Delaware.
As mentioned at the beginning of this article, the DuPont fortune is so vast that it supports about 3,500 family members.
Robert Richards, registered sex offender, lives in a house hidden behind tall trees. His eight year probation for the rape of his three-year-old daughter ended in January 2017.
Back in 2008 when Brian Chesky, Joe Gebbia, and Nathan Blecharczyk came up with the idea for Airbnb it was pretty simple. It was October 2007 and San Francisco was hosting the enormous Industrial Designers Society of America conference. All of the hotel rooms in the city were sold out. Chesky and Gebbia, who were roommates at the time, had an idea. They turned their apartment into a bed and breakfast for conference attendees. They didn't have extra beds or even bedrooms, but they did have three air mattresses. Three people stayed with them and Chesky and Gebbia charged each of them $80 a night. Airbnb was born (and the cash strapped new college grads were able to pay their rent).
That was then and this is now, and you can pretty much Airbnb anything from someone's extra bedroom to a tree house to a teepee to a castle. Now, a whole new class of Airbnbs has hit the market – the luxury Airbnbs like a Polynesian Island that rents for $1 million.
Airbnb Luxe went live on Tuesday, June 25th with 2,000 new listings. The new listings offer some of the most extravagant homes in the world. Everything from the aforementioned private island to medieval castles are available to rent for an average asking price of $14,000. That island we keep mentioning? It is a private atoll near Tahiti with 21 bungalows and a staff of 50. And yeah, it's $1 million for a week. That's $20,000 per person for 21 people.
Eshan Ponnadurai, the global marketing director of luxury for Airbnb said: "People are growing up with Airbnb, Someone that started in their early 20s renting a room at $100 a night and is now growing in affluence may want a room at $1,000 a night."
Airbnb debuted in 2008, for the record. How were you doing in 2008? How are you doing today? Has your nightly room rental rate multiplied by 900%?
More to the point, Airbnb has become part of our cultural dialogue. Renting out your home to a stranger just isn't as strange an idea as it was 11 years ago. In the past people who've been reticent to rent their homes out – even super rich people – all know someone who've rented an Airbnb at some point. The proliferation of Airbnb has legitimized it. Just two years ago, in 2017, only 36% of travelers with an income over $100,000 stayed in home rentals or alternative accommodations. In 2019, that number is 59%.
Airbnb Luxe will allow the company to cater to the world's richest and most demanding travelers.
In April, Airbnb took over 10 floors of 75 Rockefeller Plaza in Manhattan with plans to convert them into 200 apartments style suites that will only be available on Airbnb.
The new luxury tier gives Airbnb a nice new revenue stream as well. The company takes a percentage of the cost of each booking made through them. So these pricier properties will generate higher margins for the $31 billion privately held company.
When a customer books a property with Airbnb Luxe, they also get free access to a trip designer who arranges the logistics of check in, custom local experiences, and services ranging from child care to in house massage therapists to private chefs. Airbnb employs 20 trip designers that are available around the clock for VIP support. Homeowners must apply to be a part of Luxe and their property is then reviewed by an internal team that checks off a 300 point list dealing with everything from the home design to the water pressure in the showers.
The move into luxury rentals is the next step in the diversification of Airbnb's business before its IPO, which is expected in 2020. The company is seeking to become an end to end travel platform. One day, customers may be able to book flights through the Airbnb app as well.
In 2018, the demand for luxury properties by Airbnb customers increased by more than 60%.
Properties included on Airbnb Luxe are Fleming Villa in Oracabessa, Jamaica where Ian Fleming found the inspiration for James Bond. That goes for $4,455 per night with a three-night minimum.
A nine bedroom, 18 bath property on the Cote d'Azur near Cannes, France goes for $13,265 per night with a 30 night minimum.
And then, there's Nukutepipi, the private island in French Polynesia, with 21 bungalows that rents for $146,183 per night with a seven night minimum.
Goals people, goals.