![]() We’ve had bankers engaged for quite some time given the need for contingency planning around Facebook board member Peter Thiel’s revenge campaign - that’s how the Columbus Nova investment was arranged. The spokesman went on to say:Įveryone take a breath. In an emailed statement, a Gawker spokesman said that nothing has changed, and that the company has “always said we’re exploring contingency plans of various sorts” in case the Hogan judgment is upheld on appeal. Any offer for the company’s assets, however, would have to include a potential payment of as much as $140 million to Hulk Hogan and Peter Thiel, so a bid of $50 million or so is still within the ballpark of what Gawker is theoretically worth. Sources told the Post that at least one unnamed party has expressed interest in an acquisition at between $50 million and $70 million.Įarlier estimates, including one from Nick Denton himself, have pegged Gawker’s value at about $250 million. Fortune has confirmed that there have been approaches made to the company about a potential deal. All rights reserved.The only question is: Who would agree to buy it knowing that billionaire Peter Thiel is determined to destroy it by whatever means necessary?Īccording to both the New York Post and the Wall Street Journal, Denton has hired an investment banker to “explore strategic options” up to and including a sale of the company. Benzinga does not provide investment advice. You Are Worried': Grant Cardone Calls Single-Digit Millionaires The New Middle Class originally appeared on Jeff Bezos-Backed Startup Lets You Become A Landlord With $100ĭon't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better. 'People-First' Real Estate Fund Shares Rent With Tenants While Generating Strong Returns For Investors Outright ownership of rental properties and multiuse buildings can be lucrative with the right investments. Outright ownership: If you have the means, certainly one of the best options is to mimic Cardone in the closest way possible. Benzinga has highlighted several of the Best REITs to invest in. Whether it’s farmland, residential or storage, you can invest in real estate you believe in. There are tons of niche markets to get into. Real estate investment trusts (REITs): REITs are stocks that specialize in real estate. (Check out Benzinga’s Real Estate Offering Screener to find passive real estate investment opportunities, including options to invest in rental properties with as little as $100) Fractional ownership allows you to diversify your portfolio and still reap the long-term benefits of real estate ownership. These platforms allow you to invest what you can (sometimes with a minimum required balance) into one or several different properties. How can you invest like a billionaire, without the same fortune? There are several ways.Ĭrowdfunding platforms: Cardone Capital is Cardone’s own real estate crowdfunding company. So, how do you make money when facing economic turmoil? How much do you need when Cardone says $1 million simply isn’t enough? Elon Musk and Jeff Bezos share some of Cardone’s fears as each has made claims that a recession is inevitable. One of several reasons for heightened worry may be the pending recession or outright depression, depending on who you talk to. Years later and the words still ring true. Cardone’s quote actually stemmed from the words of billionaire entrepreneur Peter Thiel, who famously said, “Single-digit millionaires don’t have access to the legal system in the U.S.,” when he helped professional wrestler Hulk Hogan in a lawsuit against Gawker Media LLC in 2016. The notion of single-digit millionaires being susceptible to the same things as those making one-tenth of them isn’t new. “Millionaires are basically middle-class people who are worried about money.” “If you are a single-digit millionaire, you are not wealthy. With no other income, you’re dead broke in just 21 years. He conservatively suggests a spending budget of $4,000 each month. ![]() He explains that a 30-year-old with $1 million dollars would be broke by 51. His point is proven with a few basic math problems and bucks the stereotypical notion that a cool million would leave you set for life. The man who boldly predicted that America would become a nation of renters and that the Federal Reserve forced the general public out of the housing market is back with more calculated claims that, upon further investigation, feel like more uncomfortable truth than the attention-grabbing headline.Ĭardone Capital CEO Grant Cardone has spread the word that the single-digit millionaire is the new middle class. ![]()
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