If the Land of Side Hustles had a queen, it would surely be 28-year-old Tyra Myricks, daughter of hip hop legend Jam Master Jay. It all began in 2009 when she launched a fashion label while still in high school that eventually helped pay her way through college. She initially went to university to study pre-med but dropped out after the label saw her earning over double her tuition.
She took the streetwear world by storm with celebrity partnerships, and advertising on Instagram’s TMZ the Shade Room. In 2012, she rebranded the company now known as Wealth as high fashion streetwear.
“It’s not the business you do, it’s what you do differently,” she told Insider.
“It’s not an easy game,” she said of being an entrepreneur. “Everybody on the internet shows the glorious side, but nobody shows the treacherous side where it’s hard to get up in the morning.”
Her day job, of course, is working as director of design, merchandising, and development for Drake’s OVO lifestyle brand, which earns her six figures a year. In total, she makes about seven figures a year and says a secret to her success is knowing how to constantly be agile with the opportunities life brings.
To Insider, she breaks down how she puts that process to use on a typical day.
She wakes up at 5:45 in the morning
Waking up before the break of dawn, Myricks prays, takes a shower, gets dressed, and downs six espresso shots. Her first stop this morning is to The Method to prepare the gym for opening.
Around 6:30 a.m. she leaves the house and puts on gospel music as she drives downtown, trying to beat the morning traffic rush.
At 7 a.m. she opens the gym and gets breakfast
She arrives at the gym and inspects everything to make sure space was cleaned properly before closing the night before. She also folds extra towels and gets the system ready for patrons.
Myricks became co-owner in the gym after investing a substantial amount last year, though she declined to share how much she gave. There are no employees at the gym, though it has 17 independent contractors. It opened in a new location last summer in the middle of the pandemic. Myricks remembers that day clearly because a few days later, the city of Los Angeles shut down again due to COVID-19.
“It was a grand opening, grand closing,” she said.
During the shutdown, they moved classes outdoors, which helped cover overhead costs (rent is $6,500 a month). Currently, the club has nearly 300 members, giving it a feel of exclusivity, which is something Myricks prizes in all of her entrepreneurial endeavors.
Membership is $99 a month, another reason to ensure service is top-notch. “What’s stopping someone from going to planet fitness for $30 a month?” Myricks said.
After opening the gym she gets breakfast. This day: a green smoothie.
Then, she preps for her day job
Myricks is also the director of design, merchandising, and development for rapper Drake’s OVO lifestyle brand. At 9:30 a.m., still at the gym, she prepares for a Zoom call with the OVO team to discuss upcoming projects. That lasts until about 11 a.m.
Cofounded by Drake in 2011, OVO is known for selling high-end streetwear and has done collaborations with Canada Goose, and the Major League Baseball, as well as having hosted pop-ups at Nordstrom and the once-popular retail store Colette in Paris. “I look at the recipe and formula a lot of successful people use and get little pieces of that to create my own recipe and formula to be successful,” she said.
Afterward, another business partner meets her at the gym to discuss upcoming projects for the branding agency they own together. Drake offered Myricks a job after seeing some of the branding and merchandising work her agency did for an artist signed to his label. She moved from New York to Los Angeles in 2017 to take the job.
Without giving exact numbers, Myricks said she makes six figures a year from working at OVO, where she leads the design team, approves and denies designs, and deals with manufacturers overseas. “It’s a constant 24-hour job because China and other manufacturers are 12 hours ahead of us,” she said. “When you ask what is a day like – it’s literally a day. It’s a constant revolving door that never stops.”
At 11:28 a.m. she starts working on her fashion side hustle
Next, she heads to the factory she co-owns with a business partner and begins ordering fabric for her Wealth fashion line which she primarily sells online and in one store in downtown LA.
“This isn’t because other stores aren’t interested,” she said. “We like to keep exclusivity.”
She also discusses plans with her business partner on renovating the space next door to expand the factory, makes sure production is on track and approves new patterns for sweaters. There are 16 people currently working for her company, and the brand produces about 2,500 units each week. Each item sells for between $13 and $1,300.
Finally, it’s lunch time
An assistant brings her lunch around noon, which today is a grilled chicken salad. Before eating it, however, she heads to the screen printer to drop off samples for Wealth’s upcoming fall/winter collection.
When she gets to Wealth headquarters around 2 p.m., she finally eats lunch as she packs all of the orders that arrived the day before, preparing to ship them to customers.
Next, she orders a double shot of espresso from Blue Bottle Cafe. Then, she keeps it moving.
Around 4 p.m. she finally ships off the Wealth packages, then heads to the Inflamed store downtown, the only brick-and-mortar location that sells Wealth. There, she restocks and checks inventory.
On to another side hustle
Next, she heads to a meeting at the pizza shop she’s opening called Juicy Pizza to discuss patio design and merchandise. Myricks said she came up with the idea of Juicy Pizza because, as a New Yorker living in Los Angeles, she felt there was “no good pizza in Los Angeles.”
“The more I thought about how to bring that New York theme to Los Angeles, I felt, who represents New York more than Biggie Smalls?” she continued. So she called her friend T’yanna Wallace, daughter of the late rapper, and presented her with the idea. “She loved it,” Myricks said.
Myricks also knew the importance of reaching out to Wallace because, being the daughter of the late Jam Master Jay, she knows first hand what it’s like to have people profit from her father’s name and career. “I was like I don’t want you to invest anything,” she recalled telling Wallace. “Let’s just make money together. Let’s make moves.”
The shop is set to open later this year.
Last stop: a dinner reservation downtown
At 7 p.m. she meets two friends at a Latin restaurant called Dama downtown, where she orders a celery salad with pineapple juice, Mexican corn, and an Oxtail Tostada.
She picks up shipping bags from the storage unit before heading home.
Around 9 p.m. she finally arrives home and begins to unwind, if only for a moment. She answers emails before starting her next project, a website for celebrity client merchandise, which is part of the branding agency she co-founded.
Around midnight, she falls asleep. In five hours, she will get up and do it all over again.
“After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” their joint statement said. “Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives.”
The announcement raises questions of how the couple will divide their massive fortune. Bill Gates, the cofounder of Microsoft, is the world’s fourth-richest person with an estimated net worth of $146 billion, according to the Bloomberg Billionaires Index.
In another high-profile billionaire divorce in Washington state, that of Amazon founder Jeff and MacKenzie Bezos in 2019, MacKenzie Bezos walked away with 25% of the Amazon stock the couple co-owned, which was worth about $38 billion. Jeff Bezos retained the remaining stock as well as his ex-wife’s interests in the Washington Post and Blue Origin.
However their assets are divided, both the Gates will likely remain two of the richest people in the world after their divorce. Read on for 11 facts that put Bill Gates’ $146 billion fortune into perspective.
1. Bill Gates has become $41 billion richer in the past year alone.
Bill and Melinda will remain co-chairs and trustees of their charitable organization following their divorce, the Bill & Melinda Gates Foundation, a spokesperson told Insider.
“No changes to their roles or the organization are planned,” the spokesperson said. “They will continue to work together to shape and approve foundation strategies, advocate for the foundation’s issues, and set the organization’s overall direction.”
In 2010, Gates and Warren Buffett — now the world’s seventh-richest person — founded The Giving Pledge, a charity organization that encourages the world’s wealthiest people to give the majority of their fortune to charity during their lifetime or after their death.
The couple announced the news in a statement posted to Twitter on Monday, saying that while they plan to continue working together at the Bill & Melinda Gates Foundation, they no longer believe they can continue growing as a couple.
Gates, who cofounded Microsoft with Paul Allen in 1975, is worth $130.5 billion, according to Forbes. He’s one of only eight moguls worth over $100 billion and is currently the fourth-richest person in the world.
In fact, the couple previously said it’s unfair they’re so rich. Instead of spending billions on themselves, they often donate it to charity through the Bill & Melinda Gates Foundation. They’ve also pledged to give away most of their fortune through the Giving Pledge, which they launched in 2010.
Keep reading for a look at how Gates spends his billions.
Taylor Nicole Rogers contributed to an earlier version of this story.
Bill Gates, the cofounder of Microsoft, has an estimated net worth of $130.5 billion.
Devices worth $150,000 can display different paintings or photographs on the screens at a single touch. However, there are real paintings on the wall as well – like the Winslow Homer painting Gates purchased for $36 million in 1988.
Outside of his Washington pad, Gates also has a 4.5-acre vacation ranch in Wellington, Florida, with a 12,864-square-foot mansion. He reportedly dropped $27 million to buy a whole string of properties in the area. The area is hotspot for wealthy equestrians.
He reportedly owns nearly half of the Four Season Holdings’ hotel chain through Cascade, including hotels in Atlanta and Houston. Gates shares 95% ownership with Prince Alwaleed bin Talal of Saudi Arabia.
Gates previously invested in Amyris, a synthetic-biology company that originally produced precursors to malaria drugs and hydrocarbon-based biofuel. Today, it focuses on health through fragrances, skincare, and sweetener.
Gates and Melinda have been huge on philanthropy. They were recently named the most generous philanthropists in the US by The Chronicle of Philanthropy, having donated more than $36 billion to charitable causes through the Bill & Melinda Gates Foundation.
The Gateses have spent money traveling for their charity work. They donated more than $2 billion in 2016 to causes related to global health and development and US education. In 2017, they donated $4.78 billion, mostly to projects run by the Gates Foundation.
They’ve pledged about $2 billion to defeat malaria, donated more than $50 million to fight Ebola, and pledged $38 million to a Japanese pharmaceutical company working to create a low-cost polio vaccine.
Gates graduated from Stanford University in 2018 with a degree in human biology and took a year off to focus on her equestrian passion before going to medical school. She told Sidelines Magazine her childhood pediatrician inspired her to pursue medicine.
She’s an accomplished equestrian and has been riding since she was 6. One of her favorite horses is named Alex. “He is super sweet, down-to-earth, easy-going, but you can also go fast and have a lot of confidence, so I am really excited about him,” she told US Equestrian in November 2017.
To support her passion, Gates’ father set about buying property in Wellington, Florida, a hot spot for wealthy equestrians. The Miami Herald reported he dropped $37 million to buy a whole string of properties near Laurene Powell Jobs’ estate.
Gates has competed against Eve Jobs, as well as other famous show jumpers born to celebrities and high-profile figures, like Michael Bloomberg’s daughter Georgina, Bruce Springsteen’s daughter Jessica, and Steven Spielberg’s daughter Destry.
Bill Gates is determined for his children to forge their own paths in life. In 2011, he told The Daily Mail that his kids would each get a “minuscule portion” of his wealth, which Forbes estimates stands at $130.5 billion. “It will mean they have to find their own way,” he said.
Gates is enrolled at Mount Sinai’s Icahn School of Medicine. She just finished her first year remotely. Gates told The Chronicle of the Horse in March that all of her medical-school classes had been temporarily moved online because of the coronavirus.
In January 2020, Gates announced her engagement to the renowned Egyptian equestrian Nayel Nassar. Nassar also attended Stanford University. “I can’t wait to spend the rest of our lives learning, growing, laughing, and loving together,” she wrote on Instagram at the time.
Like her parents, Gates has also expressed an interest in using her privilege to help others. “I was born into a huge situation of privilege,” Gates recently told Sidelines Magazine in an interview for the publication’s July issue, “and I think it’s about using those opportunities and learning from them to find things that I’m passionate about and hopefully make the world a little bit of a better place.”
Buffett said he favored either Diet Coke or Cherry Coke and had at least five cans of the soda a day.
I decided to opt for exclusively Cherry Coke throughout the week, as I’m not the biggest fan of the taste of plain Coke. I am, however, a fan of cherry and cherry-adjacent soda products like Dr. Pepper and Cheerwine (it’s a North Carolina thing — Google it).
I also couldn’t purchase cans of the stuff at my local grocery store, but a two-liter works out to 5.6 cans a day, within the ballpark of Buffett’s consumption. Thus, I decided to go with one of these each day.
If you’re wondering, that works out to 252 grams, or 0.56 pounds, of sugar a day from the Cherry Coke alone. That’s right — I got 84% of my recommended daily carbohydrate intake from just the sugar in the Cherry Coke.
I didn’t initially do the math on the sugar content of the Cherry Coke, believing it was better to go into the week with a bit of blissful ignorance. While I had assumed it would be rough consuming all of the syrupy-sweet drink, I couldn’t anticipate the full devastation the Coke would have on my mood.
On the first breakfast of the week, I was nervous but had a supply of foolish confidence in my ability to handle what was ahead.
In the HBO documentary “Becoming Warren Buffett,” the legendary investor said his breakfast each day came from McDonald’s and was dictated by the stock market.
Typically, Buffett gets breakfast once the market is open. If stocks are up, he gets a bacon, egg, and cheese biscuit. If they’re down, he opts for a cheaper breakfast of two sausage patties. If the market is flat, as it was Monday morning before the open, he goes for the sausage McMuffin.
I get to work around 7:30 a.m. ET every day, meaning I had to base my McDonald’s selection on the premarket futures, which tend to be a bit harder to gauge. Regardless, I decided to try to factor in a bit of qualitative analysis based on the overseas markets and the previous day’s close (and, by the end of the week, what I could tolerate).
The first breakfast wasn’t too challenging. The biggest issue was the lack of coffee, as Buffett doesn’t drink the stuff.
I decided to front-load the Cherry Coke to get the caffeine I usually got from my coffee while also preventing myself from drinking soda well into the night.
Additionally, I’d decided to keep track of my weight each morning and night. For the calorie counts, the Cherry Coke totals are added to the count at dinner, since they were dispersed throughout the day.
Breakfast, Day 1: McDonald’s sausage, egg, and cheese McMuffin; Cherry Coke
Breakfast calories: 470
Monday-morning weight: 168.4 pounds
The Cherry Coke hit me like a ton of bricks.
I don’t drink much soda — I drink mostly water and coffee at work — so the sudden increase in the amount of corn syrup in my diet made me feel incredibly sluggish. Plus, the sugar high was so off the charts that I almost felt the tingle of the carbonation in my fingers as I was typing.
Then again, I also put down half of the two-liter before 11 a.m. in an attempt to front-load the caffeine.
My inner child was excited to have ice cream in the middle of the day. The chili-cheese dog excited me less.
The bun on the Dairy Queen dog was spongy, but not like an angel food cake — like an actual kitchen sponge. The hot dog tasted very salty.
The sundae was delightful. Buffett says he typically gets cherry syrup on his DQ sundaes, which was not an option at my Manhattan location. I did get his preferred chopped nuts on top.
I was feeling pretty weighed down at this point. I don’t have a big lunch most days — a salad at most — so the extra calories and copious sugar made me feel bloated.
Lunch, Day 1: Dairy Queen chili-cheese dog; strawberry sundae with chopped nuts; Cherry Coke
Lunch calories: 650
I cheated a bit on dinner for the evening, getting chicken parmigiana – which Buffett usually has as a side. (!)
By the evening I was feeling a bit better, possibly because I finished the coke around 2 p.m.
The big test was running. I typically try to run four to five miles a day after work, and I was dreading how I would feel. I imagined keeling over and puking into the East River.
To my surprise, it was fine. I was probably a step slower than normal, but I didn’t feel too awful.
Dinner was heavy — I couldn’t finish the whole serving — but at the end of Day 1, I was doing half decent.
I lost sleep on Sunday night worrying about the challenge ahead, but after feeling decent at the end of the day, I got a good night’s sleep.
Stock futures were up on Tuesday, so I decided it would be fair to get a bacon, egg, and cheese biscuit. Coming from the South, I preferred this option over the semi-soggy McMuffin from the day before, and I felt confident as I tucked into breakfast and the second giant bottle of Cherry Coke.
Breakfast, Day 2: McDonald’s bacon, egg, and cheese biscuit; Cherry Coke
Breakfast calories: 450
Tuesday-morning weight: 170.4 pounds
For lunch, I went for a burger – another Buffett favorite.
Now, many of my coworkers said I cheated by going with Shake Shack instead of some local restaurant, but you know what? I was the one suffering, and I deserved a slight luxury.
Another signature Buffett trait is an excess of salt, as John Stumpf, the former Wells Fargo CEO, once described.
So I threw a little extra sodium on the french fries before dipping them in the chocolate shake.
Lunch, Day 2: Shake Shack ShackBurger; french fries; chocolate milkshake; Cherry Coke
Lunch calories: 1,710
By Tuesday afternoon, I was … not feeling well.
Dear God did I make a mistake.
Again, I attempted to front-load the Cherry Coke, and by 2 p.m. I was more than two-thirds of the way done with the two-liter. Not only that, but the heavy meal — especially the milkshake — was crushing my will to live.
I was jittery, grumpy, exhausted, unfocused, and downright distraught. The sugar from the Coke (roughly a half-pound a day) was causing surges and drop-offs in energy.
The increase in meat consumption was making me sweat more than usual (weirdly enough, from my kneecaps, of all places). The bloating was making my back hurt. I was a wreck after less than 48 hours.
Tuesday night might have been my low point, as evidenced by my sad dinner spread.
In the middle of my run that evening, I texted a coworker expressing my dismay at my physical state. I was going noticeably slower than I had the day before, and I couldn’t make myself run faster. My legs simply wouldn’t move as I wanted.
Upon getting back to my apartment from the run, I was, as my notes say, “**WRECKED**” by stomach cramps. My roommate walked in as I was sitting on our couch doubled over and asked me whether I was sure I wanted to keep going.
I finally got myself together, and, unable to muster the strength to figure out a proper meal, I just made two hot dogs and ate some Utz chips — another brand Buffett loves.
I went to bed Tuesday night feeling much less enthused about the prospects for the rest of the week.
Dinner, Day 2: Two Hebrew National kosher hot dogs; Utz kettle chips; See’s Candies peanut brittle
Dinner calories: about 650
Total daily calories: 3,710
Tuesday-evening weight: 171 pounds
Another day, another bacon, egg, and cheese.
Honestly, given the recent rise in the stock market, Buffett must be getting sick of these biscuits by now.
I decided to try to space out the Cokes more evenly to avoid the crashes. (Spoiler: It didn’t work.)
Breakfast, Day 3: McDonald’s bacon, egg, and cheese biscuit; Cherry Coke
Breakfast calories: 450
Wednesday-morning weight: 169.2 pounds
For lunch, I went back and found one of Buffett’s go-to lunch orders at Gorat’s, an Omaha, Nebraska, institution.
I ordered an open-faced turkey sandwich with bacon and Thousand Island dressing from Eisenberg’s, a local sandwich shop.
I was served a closed-faced, sliced turkey sandwich with bacon and Thousand Island dressing. I wasn’t going to split hairs, so I took it back to the office as it was.
The meal was finished off by fries and some Cherry Coke.
You may ask: “Bob, did you put extra salt on the fries like you said Buffett always does?”
My answer? Yes, I did. Hope you’re enjoying my suffering so far.
Lunch, Day 3: Turkey sandwich with bacon and Thousand Island dressing from Eisenberg’s Sandwich Shop; french fries; Cherry Coke
Lunch calories: about 900
Dinner on Wednesday was veal parmigiana with an indulgence: a Hawaiian Punch. I can’t prove Buffett likes fruit punch, but, hey, it was my favorite when I was 6.
I walked home on Wednesday and then went for a run.
I felt as if the sugar, syrup, and grease leaked from my belly to my legs. Children were passing me on the street during my walk home, and I’m usually a fast walker. Imagine having maple syrup in your joints and muscles — that’s what I felt like.
Futures were down, so I ordered two sausage patties for breakfast. But upon arriving at work, I realized the McDonald’s workers gave me only one.
I’m still not sure whether the single patty was a good or a bad thing, but it did give me a bit of a break from heavy meals.
Also, it made me realize that McDonald’s sausage by itself is not very good. Who could’ve guessed?
Breakfast, Day 4: McDonald’s sausage patty; Cherry Coke
Breakfast calories: 174
Thursday-morning weight: 169.8 pounds
This may be the point to mention that I’ve done terrible things to my body before – and this was the worst.
I’m no stranger to massive dietary changes — I gained 80 pounds in college and then lost 45 pounds in three to four months after I graduated. (I overestimated my pay as an intern and underestimated NYC rents.)
That is to say: I’ve done some terrible things to my body via my diet before.
Even at my heaviest, I never felt this run-down. The weird thing though was that I was still hungry at every meal.
Maybe it was the chemicals from the processed food?
I was running out of idea at this point on Thursday, and honestly, I was busy with work, so I just gave up and got McDonald’s.
Fun fact: Buffett once used coupons to buy Bill Gates lunch at McDonald’s.
Oh, another reason this was such a terrible idea: I cover policy here at Business Insider, including healthcare and taxes — and, of course, I decided to try the Buffett diet on the week that Republicans again attempted to repeal Obamacare (no, the irony did not escape me) and rolled out their most detailed tax-reform framework yet.
This meant that amid my midafternoon sugar crash, I was typically forced to pull myself out of the fog and write something of substance.
To be fair to myself, I did write a considerable amount over the five days. You’d have to ask my editor Brett whether my diet hurt the quality of my writing, but I stand by everything I published.
Lunch, Day 4: McDonald’s Quarter Pounder with cheese; french fries; Cherry Coke
Lunch calories: 870
Buffett once ordered a country- (or chicken-) fried steak with Jay-Z, so I had to get it for a meal.
I really like country-fried steak (see my previous comment about being from the South). This one was from Cowgirl in the West Village.
Buffett isn’t a big fan of broccoli, much less collard greens, so I did cheat a bit. But, c’mon, actual collard greens at a restaurant in the North? I had to try them.
Alas, they were bad.
I went with a coworker and couldn’t finish the steak and mashed potatoes — not to worry, salt was added in extreme amounts — prompting her to call me “weak.” I replied I would take the leftovers home and finish them later (we were eating fairly early), but I happened to “forget” the bag as I left.
In a surprise to probably no one, the gravy sat heavy in my stomach. Walking to the subway, I was happy there was only one day left, but I felt terrible.
Dinner, Day 4: Country-fried steak with mashed potatoes, gravy, and collard greens from Cowgirl; water
Dinner calories: 1,540
Total daily calories: 3,484
Thursday-evening weight: 172.4 pounds
Of course Buffett eats ice cream for breakfast. Of course I was the idiot who saved it for the last day.
Remember what I said about getting used to it? Not so much on Friday morning.
I have never enjoyed ice cream less. That’s really all I have to say about this meal.
Breakfast, Day 5: Ben and Jerry’s Phish Food ice cream; Cherry Coke
Breakfast calories: 870
Friday-morning weight: 170.4 pounds
What if Buffett just says he eats all of this food to make other people like me buy it and boost his investments’ sales?
Buffett owns Dairy Queen and holds considerable stock in McDonald’s and Coca-Cola. Sitting down for my final lunch, I realized I probably made the guy a lot of money that week.
The thought struck me mid-bite of an M&Ms Blizzard: I was a sucker.
Buffett is a self-mythologizer — a folk hero who presents himself as a kind grandfather but has made it in the vicious investment world. He’s a ball of contradictions and social oddities.
I couldn’t put it past him to deceive the few interviewers he trusts to cast the glow of the cult of Buffett.
On the other hand, surely people see him at these restaurants. He wouldn’t lie about his diet just to get a few suckers to boost his sales, would he?
Lunch, Day 5: Dairy Queen chili-cheese dog; french fries; M&M Blizzard; Cherry Coke
Lunch calories: 1,400
Here’s all the Cherry Coke I consumed during the week.
The sugar-and-caffeine crash came easier by Friday. I had learned how to manage the timing and frequency of the Coke intake to make sure I had a solid energy reserve all day.
But I still felt awful after I finished a bottle.
Here’s some fun math on the amount of Cherry Coke I consumed in the week:
• Total amount: 338 fluid ounces, or 2.64 gallons.
• Calories: 4,500.
• Sugar: 1,260 grams, or 2.78 pounds.
• Caffeine: 1,020 milligrams, or 204 a day. (An average cup of coffee, 8 fluid ounces, has 95 to 165 milligrams.)
For dinner, I went with a few coworkers to Smith & Wollensky, Buffett’s favorite New York City restaurant.
Buffett comes here once a year for a dinner, at which a lucky bidder joins the Oracle of Omaha himself. In 2016, the meal went for $3.4 million. All the proceeds are given to charity.
I was joined by four of my coworkers to bask in the final meal of my epic run.
I contacted the restaurant earlier in the week to say what we would be there for, and the staffers did everything to make my experience as authentic as possible.
We sat in the private alcove where Buffett sits when he visits, with a full glass wall looking into the kitchen. There was a plaque with Buffett’s name on it and a letter from him framed on the wall.
I asked our waiter, Baci, who had served Buffett on his trip to NYC in August, to bring me what the man ate. This was a mistake.
We started with something off-menu called the “seafood bouquet.” It featured lobster, shrimp, and lump crab meat. The seafood was divine — though it was chilled, and I typically enjoy seafood hot.
I began to feel a bit uneasy as I dined on the appetizer, thinking back to everything I had put down that week. I wanted to have an authentic meal at a favorite location of Buffett’s, but could I survive to the end?
Also, I must admit here that I broke the Buffett rules by having a bit of wine. But it was the end of the week, and can you really blame me?
Next, the steak: a 32-ounce Colorado rib-eye.
In what can only be compared to the primitive tomahawk of a caveman, the mighty Colorado rib-eye emerged on a plate still sizzling. At that point, a glorious, freeing sense of debauchery overtook me, and I laid all of the terrible meals of the last week to the side.
The steak was a knockout.
For the first three-quarters of a pound, I consumed it with reckless abandon, ignoring the inevitable food hangover that was surely coming. The rib-eye was cooked to perfection and cut beautifully, and it contained just the right amount of fat.
When I hit the wall — and I hit it hard — there was an overriding sense of disappointment that I simply couldn’t finish the meal.
The final tallies for dinner were, in a word, monumental.
I wasn’t even drunk from the wine, but the meal knocked me out. I was struggling to form coherent thoughts as all the blood ran from my brain to my stomach, attempting to handle the influx of fat, protein, and sugar.
My coworkers and I ambled toward Grand Central Station, and I felt dazed. We decided against a post-dinner drink, and wandering off from the rest of the group, I felt unsure on my feet.
I huffed and puffed my way back to my apartment near Chinatown, sweating pure steak grease.
Upon making it back, I collapsed on the floor of my living room. I dozed off for a little over an hour, trying to pretend my stomach wasn’t bursting at the seams.
Dinner, Day 5: Seafood bouquet, 32-ounce Colorado rib-eye steak, hash browns, creamed spinach, and coconut cake from Smith & Wollensky; red wine; water
Dinner calories: 3,343
Total daily calories: 6,513
Friday-evening weight: 175.2 pounds
What did I learn?
Let’s get this out of the way: Don’t eat like Warren Buffett unless you are Warren Buffett.
The man himself says to be yourself instead of copying him. This applies not only to investing, but to dieting as well.
My experience was miserable, and I realized why I committed myself to eating healthy when I moved to New York. Being sluggish and moody during the day just isn’t fun.
It’s also a good lesson in recognizing limits. Buffett apparently has none; I very much do.
And, finally, I now understand Buffett’s investing strategy perfectly!
I just have a few extra pounds to work off and a good story.
Average calories a day: 4,107.4
Total calories over five days: 20,537
Weight gain, Monday morning to Saturday morning: 2.4 pounds
Weight gain, Monday evening to Friday evening: 4 pounds
When it comes to the world of luxury goods, perhaps no one is more successful than Bernard Arnault.
Arnault, the 72-year-old CEO of French luxury conglomerate LVMH Moët Hennessy – Louis Vuitton, has built his fortune over the span of almost four decades, amassing a luxury-goods empire that includes some of the best-known names in fashion, jewelry, and alcohol, including Louis Vuitton, TAG Heuer, and Dom Perignon.
Along the way, Arnault has brought four of his five adult children into the fold, building a family-run conglomerate that has resulted in the world’s third-largest fortune.
Here’s how Arnault got his start and became one of the richest people in the world.
Marissa Perino contributed reporting. Taylor Nicole Rogers contributed to an earlier version of this story.
The 72-year-old French businessman is the chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, known as LVMH. Arnault owns a 97.5% stake in Christian Dior, which controls 41.2% of LVMH.
Arnault comes from the northern French town of Roubaix – he studied engineering at one of France’s most prestigious schools, the École Polytechnique. After graduating, Arnault went to work for his father’s construction company, Ferret-Savinel.
In 1984, Arnault acquired an ailing company called Agache-Willot-Boussac, which owned brands like French department store Bon Marche and the fashion house Christian Dior. He renamed the firm Financiere Agache and initiated a turnaround, cutting costs and selling off some of its businesses.
In the late 1980s, Arnault said his goal was to run the world’s largest luxury company within the following decade. He then set his sights on LVMH Moët Hennessy – Louis Vuitton, spending $2.6 billion buying up shares in order to become the company’s largest shareholder, and its chairman and CEO by 1989.
She now reportedly lives with tech billionaire Xavier Niel and has one daughter. But Delphine is notoriously private about her personal life. “I’m quite discreet,” she told the Financial Times in a rare 2014 interview. “I think I’d rather focus on my work.”
He appears to be friends with Evan Spiegel, the chief executive of Snap, Snapchat’s parent company. Spiegel told The New York Times that Alexandre is “a really creative guy” and that “he’s constantly thinking about the brand and how to express that.”
Alexandre’s younger brother, Frederic, also has a role at LVMH. He joined the conglomerate as the strategy and digital director at Swiss luxury watch brand TAG Heuer, LVMH’s largest watch brand, in 2018. Last June, Frederic became TAG Heuer’s CEO.
Frederic graduated from his father’s alma mater, École Polytechnique in Paris, and interned at Facebook and consulting firm McKinsey before joining LVMH as the temporary head of connected technologies at TAG Heuer in 2017.
Arnault has rubbed shoulders with some of the world’s influential figures, in the fashion world and otherwise. In 2017, he met President Donald Trump at Trump Tower in New York City right before Trump’s inauguration to discuss expanding LVMH factories in the US.
He was photographed at parties with Lady Diana, Princess of Wales.
Source: Getty Images
Arnault was reportedly friends with Apple founder Steve Jobs, who once said to Arnault: “You know Bernard, I don’t know if in 50 years my iPhone will still be a success but I can tell you, I’m sure everybody will still drink your Dom Pérignon.”
Arnault considered legendary late designer and Chanel creative director Karl Lagerfeld a good friend. “The death of this dear friend deeply saddens me, my wife and my children,” Arnault said in a statement upon Lagerfeld’s death. “We loved and admired him deeply. Fashion and culture has lost a great inspiration.”
Arnault is getting richer at an astonishing rate. In January 2019, he made $4.3 billion in a single day after LVMH shares surged 6.9%. And just 16 months later, on June 19, Arnault again made news when he became the third person in the world to reach a $100 billion net worth.
In April 2019, LVMH released a statement on behalf on the Arnault family, pledging 200 million euros, or about $218.8 million, to help rebuild the Notre-Dame Cathedral, which was damaged in a 2019 fire.
The coronavirus pandemic knocked Arnault down the Billionaires List. By May 2020, pandemic-related shut-downs sank LVMH’s stock more than 17% from where it was at the start of 2020, sending Arnault’s personal net worth down more than $30 billion.
In November 2020, LVMH completed its nearly $16 billion acquisition of jeweler Tiffany & Co., a history-making deal in the luxury sector. The contentious deal came after multiple lawsuits, a public war of words, and a $400 million discount.
However, LVMH appears to be bouncing back in 2021: Revenue was up 32% in the first quarter compared to the same time last year. The company said it saw strong sales in fashion and leather goods in the beginning of the year, as well as an uptick in alcohol sales in the first quarter, particularly Champagne.
With an estimated worth of $150 billion, Arnault is currently the world’s third-richest person, surpassed only by Jeff Bezos and Elon Musk. This week, he briefly leapfrogged Musk to become the world’s second-richest person.
Last summer, the actor and comedian Milton “Lil Rel” Howery grabbed his phone and scrolled through Twitter. An ad for the Black-owned streaming service KweliTV stopped him.
Enamored of the premise of a Black-owned media company, Howery downloaded the app and binge-watched indie shorts and feature films for two days. He reached out to KweliTV through a direct Twitter message, and DeShuna Spencer, KweliTV’s founder, responded.
“I was already in the mindset of wanting to jump into the streaming game,” Howery, 41, told Insider. “So I told her I’ve been watching everything and I was a fan of what she was doing.”
Founded in 2017, KweliTV has over 40,000 subscribers and offers over 500 films and shorts from independent Black creators, including dramas and documentaries. After several conversations with Spencer about the state of Black media and new techniques for content creation, Howery became the head of comedy at KweliTV in October.
Howery, who is scheduled to host the Oscars preshow on Sunday, has made a name for himself by appearing in films and TV shows such as “Get Out,” “Judas and the Black Messiah,” and “Bad Trip.” With his new position, Howery is reassessing the role of comedy in Black culture.
He’s greenlighted nearly 30 projects, including an animated series, “The Matumbila’s,” about a Tanzanian immigrant family adjusting to the social mores of the US.
“Our business model is built around shifting the Black narrative, helping to dismantle implicit bias, and increasing the visibility and economic inclusion among Black creatives,” Spencer told Insider. She added that after the first few conversations with Howery, “I became excited about what we could build together.”
The ’90s are often referred to as the golden age of Black television, with sitcoms such as “Martin,” “Living Single,” and “Moesha,” among others. But some of the creators of these shows didn’t have equity in their work. That’s something Howery and Spencer can change – and they’re eager to do so.
Allissa V. Richardson, a journalism professor at the University of Southern California, told Insider that now there’s a need for content made for Black people, by Black people, especially in comedy.
“People are turning away from things that don’t make them feel good,” she said. “They want to escape into a world where Black life is limitless, fun, and funny. And our entertainment typically does that.”
“It is a blessing in disguise that we weren’t accepted by all these networks and studios,” Howery added. “It’s forced us to do our own stuff.”
‘You can create your own table’
Howery has trained for years to be a comedy executive. He’s attended Hollywood pitch meetings and executive-produced his own work. On every set, he asks “a million questions.” He’s diligently observed how producers strategize, how directors lead, and how editors craft.
Grasping both the creative and the technical aspects of the entertainment business gave him an open mind when selecting content for KweliTV, he said. During a time of social and political unrest, Howery wants to offer content that makes people feel good.
“Everything can’t just be about slavery. It’s OK to talk about, but we have more stories than that,” he said. “There are different types of Black people all over the world doing different things.”
Each Sunday, Howery goes through content submissions with Spencer and calls creatives to talk through their ideas. One of the hardest parts of the job is saying no to creators, he said, especially since he knows filmmakers are emotionally and financially invested in their work.
“When it’s bad but shot well,” he said, “that’s irritating – it looks beautiful, but it’s the worst thing you’ve ever seen in your life.”
One of the projects Howery has greenlighted is “Love, New York,” a short directed by Dionna McMillian that follows a struggling actress on her way to a big audition. McMillian told Insider that, as she’s an independent filmmaker, much of what she’s able to accomplish is through the willingness of others to invest in not only her work but her brand.
“When your film receives a stamp of approval from an established comedian, people tend to be more willing to watch your work and believe it’s actually a funny film,” McMillian said.
Sean Bartley is the creator of the TV series “Connect,” which chronicles the lives of four friends and their entrepreneurial journeys; the second season premiered in February on KweliTV. Bartley said that the benefit of having Howery greenlight content helped him realize that creators don’t always need major networks to greenlight projects.
“You can create your own table and state your own claim,” he said.
Zulfiqar Manzi, the creator of “The Matumbila’s,” agreed. “Even though the family comes from Tanzania, there is still relatability,” Manzi said. “Howery understands anything that’s funny first can work.”
Creators get paid quarterly and based on minutes watched of their episodes. The payment to producers such as Manzi is split 60/40: Manzi takes home 60% of the royalties, while KweliTV receives 40%.
Howery is aware there are other Black-owned networks, such as Diddy’s Revolt and the Black News Channel, cofounded by former Rep. J. C. Watts. “We don’t have to compete,” he said. “Maybe at some point we can figure out a way to combine forces and turn into these big players out here.”
Describing himself as “hands-on” with creatives, Howery said that connecting with others as a comedy head had inspired him to invest more in carving out a space for himself in Hollywood. Similar to the producer and actress Issa Rae, Howery believes it’s important to connect with next-generation talent, especially as more creatives become their own executives and streaming services continue to overtake traditional media.
Aside from Howery, Spencer runs the company alone. Howery brought on an assistant, who helps him look through submissions. The next step for the platform is to increase its presence internally and to double down on making it a “safe space” by introducing more wellness topics, Spencer said.
Though he’s carving out his own path, Howery hasn’t forgone traditional Hollywood. He wants the industry to pay attention to the app to find up-and-coming talent to work with. Even he still works full time as an actor and comedian – he wants more Black creatives to continue to rise in Hollywood, paving the way for others who want to do the same.
“Have your hand in everything while building your own tools,” he said. “After that, figure out how to build a home.”
At the same time, Zuckerberg is richer than he’s ever been. Last summer, after Facebook launched an Instagram feature to compete with TikTok in the US, Zuckerberg’s personal net worth reached over $100 million for the first time.
Despite his status as one of the richest tech moguls, the 36-year-old Harvard dropout leads a low-key lifestyle with his wife, Priscilla Chan, and their two young daughters.
Like many other Silicon Valley stalwarts, Zuckerberg doesn’t dress in flashy suits – he keeps things simple in jeans, t-shirts, and sweaters. But they’re reportedly much more expensive than they look, retailing for hundreds, and even thousands, of dollars.
There’s one thing Zuckerberg doesn’t seem to mind splurging on: real estate. In May 2011, he bought a 5,000-square-foot home in Palo Alto for $7 million. He’s since tricked it out with a “custom-made artificially intelligent assistant.”
He also owns a townhouse in the Mission District of San Francisco. He bought the 5,500-square-foot home in 2013 and proceeded to make over $1 million in renovations, including adding a greenhouse and remodeling the kitchen.
In 2014, the billionaire’s real-estate portfolio jumped the Pacific when he spent $100 million on two properties on the island of Kauai: the Kahu’aina Plantation, a 357-acre former sugarcane plantation, and Pila’a Beach, a 393-acre property with a white-sand beach.
But the couple’s presence in Hawaii has drawn backlash over the years: In 2016, Zuckerberg angered neighbors by constructing a 6-foot wall around his property, and in 2017, Zuckerberg filed suit against Hawaiian families who had legal-ownership claims on parcels of land within his property. Though he dropped the suit, residents accused him of “neocolonialism.”
Zuckerberg has also shelled out for two lakefront properties on Lake Tahoe, which cost a combined $59 million. One of the houses, called the Brushwood Estate, spans 5,233 square feet on six acres of land. The property features a guest house and a private dock.
Zuckerberg doesn’t appear to travel much for pleasure. But when he traverses the globe for work, Facebook foots the bill: Security for Zuckerberg and his family cost the company $23 million in 2020, according to the company’s most recent proxy statement.
But ultimately, opulence and luxury are just a blip on Zuckerberg’s radar. In fact, his main priority seems to be giving his money away, rather than spending it.
Zuckerberg has signed onto the Giving Pledge, joining Bill Gates, Warren Buffett, and over 200 other millionaires and billionaires who have vowed to donate the majority of their wealth to philanthropy. He plans to sell 99% of his Facebook shares during his lifetime.
The Chan Zuckerberg Initiative is a philanthropic organization Zuckerberg founded with his wife in 2015 focused on “personalized learning, curing disease, connecting people, and building strong communities.” CZI has awarded roughly $2 billion in grants over the years.
CZI is invested in tackling both local and global issues. In 2020, for example, the organization poured $4.2 million into a jobs program for residents of Kauai and committed $1 million to help the region battle the coronavirus. CZI has also contributed millions in the last year to causes like criminal justice reform and affordable housing.
Zuckerberg and Chan have also poured billions into research focused on curing the world’s diseases by the end of the century. In order to accomplish this lofty goal, the Chan Zuckerberg Initiative launched a nonprofit called Biohub to start looking into the cure for disease, including research on genomics, infectious diseases, and implantable devices.
Zuckerberg believes that Biohub will help speed up research to cure disease, telling The New Yorker in 2018 that “we’ll basically have been able to manage or cure all of the major things that people suffer from and die from today. Based on the data that we already see, it seems like there’s a reasonable shot.”
Last August, the launch of a new Instagram feature designed to compete with TikTok sent both the company’s share price and Zuckerberg’s net worth to new heights. The move caused Zuckerberg’s net worth to exceed $100 million for the first time, making him one of only a few centi-billionaires on Earth. These days, he’s worth $114 billion.
At 16, Sherane Chen started her first job at Steak-n-Shake as a waitress. By the age of 21, she’d launched a business specializing in restaurant marketing. Today it earns six figures, and Chen also works full-time as a marketing lead.
She got here by gaining restaurant industry experience, studying marketing, and having the confidence and wherewithal to spot an opportunity to combine her two areas of expertise.
During and after college at the University of North Florida where she studied communications, Chen worked in restaurants. She made sure to build a savings, because she knew one day she wanted to start her own business.
After years as a waitress, she got a job in marketing at a local place called Oceanside Grill where she learned the operational aspects of the restaurant business. When she launched her own marketing firm focusing on social media management, graphic design, video creation, and hiring in 2019, Chen landed her first clients selling marketing services door to door.
“I would say, ‘hey I found your social and saw you weren’t active and I wanted to give you some tips on how you can get more customers in the door,'” she told Insider. She would leave behind her business card and wait for them to call.
Today her company has 17 clients and makes over six figures a year, according to documents provided to Insider. Chen also works full-time as a marketing lead at a business coaching company. To Insider she reveals what her typical day is like, from walks on the beach, to endless Zoom calls with clients.
She wakes up at 7 a.m. making her first of many cups of coffee
Chen’s day typically begins at 7 a.m.
The eponymous restaurant company she founded has always been remote, which has allowed her to work from wherever, whenever. It currently has two-full time staffers including a graphic designer, a social media manager, and a part-time copywriter.
Before the pandemic, Chen used to work from local coffee shops, but now that she’s working from home, she invested in a top-tier coffee machine that keeps her going throughout the day. “I truly don’t know a marketer who doesn’t love a good cup of coffee to get all of the creative juices flowing,” she added.
After having her coffee, she then either makes breakfast or “treats” herself to a breakfast from a restaurant nearby. “Whenever I eat out for breakfast I usually take my computer so I can work on a few things while I’m out,” she continued. “The area I live in is peaceful and not very crowded so it’s usually just me getting things done while enjoying pancakes, eggs, bacon, and whatever else I decide to have that day.”
Around 9 a.m. she prepares to Zoom with her clients
After finishing breakfast, she prepares for her meetings with clients, which have been happening over Zoom since the pandemic struck.
Normally, she said, she would meet them at their restaurant to work on rebranding various parts of it, such as the menu, or develop new general marketing strategies. “We work on the strategy together and then I re-assign to my employees who took over most of the tactical things for me,” she said.
This part usually takes up most of her day. Meanwhile, Chen also makes ads for her own business, which she then runs on platforms such as YouTube, Instagram, and Facebook to help attract new clients.
Aside from running her own company, Chen also spends her day working as marketing and sales lead for a business coaching company called The Unstoppable Entrepreneur owned by Kelly Roach. Chen has worked there for nearly two years and makes six figures there, as well. For that company, she helps manage the marketing team, ads, and helps coach Roach’s clients on the various aspects of marketing.
Chen always finds time to take a ‘breather’ during the day
Like most, her workload depends on what day she is having. “It’s not the same every day,” she said. “Some days are super chill and others are hectic. All holidays are really busy, and the start of each season – spring, summer, fall, and winter.”
Once Chen finishes the bulk of her workload, typically after lunch or in the early evening, she goes to get some fresh air. Her favorite place to go is the beach because it’s close to where she lives. “Taking a walk along the beach really helps to clear my head and gives me the boost of energy I need after being on the screen for so long,” she said.
Often during the day, Chen hops on the phone with her mentor Bruno DiFabio, a pizza chef who’s been helping her “learn the ropes” of the restaurant business for the past two years. Together they chat about ways to help grow her business.
And he isn’t the only mentor Chen has had these past few years – at 19, she met local business owner Nate Mayo, who does social media marketing and photography for various Jacksonville-based restaurants, and has a viral Instagram account that highlights popular food places in the area. Chen snagged an internship with Mayo around 2016 and began working for him, which inspired her to launch her own company.
Chen also counts Roach as a mentor as well. “Kelly has taught me how to be resilient and how to be the best what you do,” she said. “She taught me how to work for the things I want and never give up.”
After her ‘breather’ she goes straight back to work
She typically holds more meetings with restaurant owners throughout the evening, especially since the “lunch rush” is finished, which is usually around 2 p.m. She also continues assignments for Roach’s company.
Chen says to manage the workload of having two jobs she makes sure to always take some time off. She books vacations and takes breathers such as the walk above. Chen also sometimes gets up an hour early to clear her head and prepare herself to stay focused for the day ahead.
After her breather, she usually goes back to work but likes to make a “quick snack.” She likes to recreate YouTube recipes, such as the snack she made pictured below. “I found this on Youtube years ago and have been eating it ever since,” she said. “Brown rice cakes, almond butter, and chia seeds are really filling and hit the spot when you are not a big lunch person.”
Around 6 p.m. she takes photographs outside
Chen’s favorite time of the day is “golden hour” – around 6 p.m. when the sky is a golden-tinted yellow. Chen takes advantage of the good quality light to take photographs of food she is seeking to help advertise.
Sometimes she has to hire someone to help her do it, as work can get busy. “I don’t really get a chance to do food photography anymore,” she said. “When I do have time to go, I love it.”
She eats dinner around 7:30, this day choosing to grab Mediterranean food. Afterward, she spends time studying – reading new books to help her gain knowledge in different areas outside of marketing. She’s currently reading “Zig Ziglar’s Secrets of Closing the Sale” by Zig Ziglar and “Spin Selling” by Neil Rackham.
She goes to bed around 11 p.m.
Chen says she doesn’t really “finish” work until around 11 pm. “People always need me all day,” she said, of her marketing exec job. “It’s a management role so I always get my team texting me at all hours.”
But when the calls finally stop and the text messages slow down, Chen has time to think about her next business idea – a podcast agency that helps brands and entrepreneurs achieve success in podcasting. She’s already started running ads for the venture.
“I’m working toward seven streams of income to be a millionaire by 2025,” she said, adding that she has a dream board of other projects she would like to helm. Asked about possible burnout, Chen let her ambition answer for her. “Just keep your focus on what you’re working hard for,” she said. “If you want it bad enough, you’ll make it happen.”
Real-estate developer Ian Bruce Eichner has sold his three-level Miami Beach penthouse for $35 million, six years after he put it on the market, Candace Taylor reported for The Wall Street Journal.
The 11,031-square-foot condo, at the top of the 42-story Continuum tower in the South of Fifth neighborhood, was Eichner’s personal penthouse. He first put it on the market it in 2015, and it was most recently listed for $39.9 million, per the Journal.