rich

‘Ando Saves:’ Sudbury’s Jesse Rich raises money by making stops as a hockey goalie to help children of late Lincoln-Sudbury athletic trainer – Sports – MetroWest Daily News, Framingham, MA

Now, it’s Jesse’s turn to help by doing the one thing he likes most: making saves.

WESTBOROUGH — Jesse Rich wants to make a lot of saves this year.

That’s because the 12-year-old ice hockey goalie from Sudbury is stopping pucks for a good cause.

From Sept. 15 to Dec. 15, Rich, who plays netminder for two club hockey teams, is asking people to donate money for each save he makes. Those funds will go to the family of former Lincoln-Sudbury athletic trainer, Yoshitaka Ando, who died from esophageal cancer last year, in order to raise enough money to send all four of Ando’s children to college.

“I want to give back to Ando and his family in the same way he gave to my community,” wrote Rich in an online pledge last month.

“(My dad) would appreciate it so much,” said Marcus Ando, one of Ando’s three sons and

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3 Cheap Stocks That Can Make You Rich — Even in 2020

2020 has brought a seemingly unending string of twists and turns, and the associated uncertainty has resulted in an unparalleled period of volatility for the stock market. There’s a good chance that more volatility is on the way as we move into the year’s final quarter, but there are still investment opportunities on the table that could help make you rich.

Read on for a look at three stocks that trade at non-prohibitive valuations and offer tremendous potential upside. 

A person flipping a block displaying up and down arrows on its faces.

Image source: Getty Images.

Glu Mobile

Glu Mobile (NASDAQ:GLUU) is a company that develops and publishes games for phones and tablets, and its stock could wind up being a big winner. The company’s share price has climbed roughly 26% across 2020’s trading, but shares trade down roughly 30% from their 52-week high. 

GLUU Chart

GLUU data by YCharts

Shares got hit with a steep sell-off after the company published second-quarter results in August

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Super Rich Get Richer on Ant After Striking Early Deals With Jack Ma

(Bloomberg) — Jack Ma’s Ant Group is creating a new group of super wealthy people in China while also giving a boost to some older fortunes globally.

Hong Kong’s Li Ka-shing, the family behind a French supermarket giant, the son of a Taiwanese real estate billionaire and Chinese retail tycoon Shen Guojun are among those invested in the online payments provider, which may be valued at $225 billion when it goes public next month.

This wasn’t just some one-off tech bet. They’d all established relationships with Ma’s empire before Ant’s financing round two years ago, along with Thailand’s Chearavanonts, the Tungs of Hong Kong and Lu Zhiqiang of China Oceanwide Holdings Ltd.

At least seven tycoons put in almost $700 million combined, with returns that could reach 50% based on Ant’s targeted valuation, according to a Bloomberg analysis of the firm’s IPO prospectus.

“Family offices aren’t scared to change their

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Can You Be Too Rich to Be Canceled?

Photo credit: Hearst Owned
Photo credit: Hearst Owned

From Town & Country

The best part of having money, besides having money, is that people pretend to like you. All kinds of bad behavior—from mob ties to the hunting of endangered species—are ignored. Performing arts centers bear the names of philanthropists whose political views offend the operagoers inside. Jeffrey Epstein was welcomed back to parties after serving time for procuring an underage prostitute. Hall & Oates explained it in 1977, when they crooned, “you’re a rich girl, and you’ve gone too far, cause you know it don’t matter anyway.”

Dave Portnoy, the founder of Barstool Sports, who estimates his own wealth at $100 million, was called out in June by former ESPN host Jemele Hill for having said that Colin Kaepernick looks like an ISIS fighter and defending one of his salespeople for wearing blackface to a Halloween party. “I’m big. You’re little. I cancel

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Ant’s IPO Is Set to Make Group of Elite Insiders Very Rich

(Bloomberg) — It’s the hottest fintech in the world and it’s poised to go public in the coming months, unlocking vast riches for early investors and employees.

Ant Group, the online payment provider backed by Alibaba Group Holding Ltd. filed the prospectus for its initial public offering Tuesday, unveiling some of the people who stand to win big from the listing.

The obvious one is Jack Ma, whose stake in Ant will be worth $25 billion if it achieves the $225 billion valuation people familiar with the matter have said it’s targeting. That could catapult him to among the world’s 10 richest people.

Ant Chairman Eric Jing’s fortune will swell to $2.9 billion, and another 17 current and former Alibaba and Ant executives will join the ranks of billionaires, based on the ownership structure described in the prospectus.

An Ant representative declined to comment on the calculations.

Most of the

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Ant’s Mega IPO Is Set to Make Group of Elite Insiders Very Rich

(Bloomberg) — It’s the hottest fintech in the world and it’s poised to go public in the coming months, unlocking vast riches for early investors and employees.

Ant Group, the online payment provider backed by Alibaba Group Holding Ltd. filed the prospectus for its initial public offering Tuesday, unveiling some of the people who stand to win big from the listing.

The obvious one is Jack Ma, whose stake in Ant will be worth $25 billion if it achieves the $225 billion valuation people familiar with the matter have said it’s targeting. That could catapult him to among the world’s 10 richest people.

Ant Chairman Eric Jing’s fortune will swell to $2.9 billion, and another 17 current and former Alibaba and Ant executives will join the ranks of billionaires, based on the ownership structure described in the prospectus.

An Ant representative declined to comment on the calculations.

Most of the

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Pope warns against the rich getting vaccine priority; another NC university reports cluster; world cases top 22M

First, the University of North Carolina. Now, North Carolina State University.

A day after university officials in Chapel Hill decided to pivot to online classes after at least four clusters of outbreaks of COVID-19 in student living spaces, the Raleigh university reported its first cluster of positive cases that included some of its own students.

Also Tuesday, the University of Notre Dame said it was moving to online classes for two weeks in hopes that infections won’t surge.

Meanwhile, a new survey shows that parents with children who have switched to online learning say they have gone into debt paying for all of the at-home school expenses, including breakfast and lunch, during the pandemic.

Some significant developments:

📈 Today’s numbers: The U.S. has 5.4 million confirmed infections and more than 171,000 deaths. Worldwide, there have been more than 781,000 deaths and 22.1 million cases, according to John Hopkins University data.

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28 Dumb Ways You Could Lose It All by Trying To Get Rich

Everyone wants to get rich quickly, but no one likes the risks involved in chasing that elusive fortune. If you want to learn how to get rich, you’ll receive conflicting advice and run into a dizzying array of investment opportunities. And low returns aren’t the only danger. If you choose a bad method for making money, you could end up losing a big chunk instead of gaining one.

Last updated: Aug. 12, 2020

Inexperienced rehabbers often drool at the prospect of a cheaply priced house, thinking it will bring them riches as a rental. They ignore the fact that there’s a reason for the price. Brian Davis, the co-founder of SparkRental, learned this the hard way.

“My particular mistake was investing in super low-end properties, chasing super high returns,” he said. “In rental investing, bad neighborhoods look great on paper, because the typical numbers that investors use to forecast income … Read More

Jeff Bezos is now so rich he could never spend the money he earned in a single day this week

AFP
AFP

“I mean, what’s he going to do with it all. What can you spend all that money on?”

The question was asked of me by the finance director of a big UK bank who, while he admitted that he “got plenty of money”, was still simply staggered by what one of the former CEOs of one of its constituent parts had made – and was still making, through a truly vast pension. They were, at the time, a cause of some controversy given the grim road down which they’d led the company.

Although rhetorical, it was a good question. Yet that former CEO was a veritable pauper by comparison to the Amazon boss Jeff Bezos.

On Monday, shares in the online giant took on some rocket fuel and headed off for Mars, like Bezos presumably hopes his space exploration company will one day do. Having ended last week at

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Remote schooling leads to a ‘shocking’ disparity between rich and poor students

Low-income students have long faced challenges in completing their homework because they lacked internet access or a computer. And as the pandemic forces many school districts to continue with remote learning — either full- or part-time — in the fall, experts worry those same students risk falling further behind.

The early statistics aren’t encouraging.

At the end of March when lockdowns began in the U.S., the number of students from the lowest earning families who participated in online math classes per week plunged by 62%, while the decrease was less pronounced — down 21% — among students from the highest-earning households, according to a paper by the Harvard-based Opportunity Insights group that analyzed data from Zearn, an education nonprofit that partners with schools to provide math programs.

That disparity wasn’t always the case.

“If you look at the past four years of Zearn data, high and low-income kids were participating

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