Hey party people! Spring is officially here and with it comes more days and warmer temperatures. As always, our favorite billionaire is living his best life there. Billionaire Jared Isakman has chosen the three people who will go with him, orbiting the Moon, in SpaceX’s flight. The controversial governor of West Virginia, Jim Justice, is no longer a billionaire. And finally, a Swiss billionaire who lives in Wyoming wants to buy Tribune Publishing, the parent company of “The Daily News”, “The Baltimore Sun” and “The Chicago Tribune.” Buckle up folks, this is the latest version of the Billionaire Roundup.
A billionaire in space
Jared Issacman flew an entire SpaceX to the moon named Inspiration 4 in the name of raising money for St. Jude’s Children’s Hospital. He chose his co-astronauts and the two latest turn to be huge fans of space. Sian Proctor is a community college professor and scientist from Tempe, Arizona. Proctor defeated 200 businesses to reserve a seat for a customer of Isaacson’s company, Shift4payments. Proctor applied to NASA’s astronaut corps three times. Her father worked with Neil Armstrong and Buzz Aldrin at a NASA tracking station for the Apollo moons. Chris Sembrowski of Everett, Washington is a former Air Force missileman. His college friend actually won the seat and gifted it to Sembrowski, who was a counselor at the space camp in college and volunteered for several space advocacy groups. The third passenger, 29-year-old Hayler ArchNew, is a medical assistant in St. Jude. He was treated as a child of St. Jude for bone cancer. Isaacman will be the commander of the spacecraft.
The SpaceX Dragon capsule is currently located on the International Space Station. It will launch no later than mid-September and reach an altitude of 335 miles above Earth. This capsule will be 75 miles higher than the International Space Station.
Governor Jim Justice acquires Los Billionaire status
West Virginia Governor Jim Justice made his fortune in 2009 by selling coal mines collection to Bluestone Ventures for $ 500 million. The deal pushed him into the ranks of billionaires with total assets of $ 1.1 billion. His net worth was eventually $ 1.68 billion. However, since then, the coal industry has held that it has stock in the tank. The Russian company sold Bluestone and demanded that it buy it back. So they committed $ 5 million and $ 300 million for environmental and legal obligations. The Russians apparently abused the company and left it in a shack. Justice and his sons were eventually able to return the company to profitability, but they needed capital to do so. So they first figured out what would rack up $ 850 million in debt from Greensil Capital. Greensill filed for bankruptcy in the UK in March, and now the $ 850 million loan the Justice has taken has been called. Assuming that he uses $ 1.68 billion in net worth for his payments, this reduces his net worth to below one billion dollars.
In more bad news for Justice and his net worth, the PGA Tour permanently canceled its tournament last year at the Justice Greenbriar Hotel. The property was badly damaged in the 2016 floods and appears to have been fully repaired despite the $ 200 million justices and their insurance company paid for the repairs.
In all likelihood, Justice will pay $ 850 million in debt with Greensill for Penis on the dollar. Until then, however, he cannot be considered a billionaire when half his net worth is tied up in debt.
Wyoming-based Swiss Billionaire bids for newspaper empire
Swiss billionaire Hansougorg Wise, an Auxerian, bid Maryland-based hotelier Stewart W. to bid to buy Tribune Publishing. Has teamed up with Bainam Jr. Wyss made his money as the former CEO of medical device manufacturer Synthes. Wyss is also an environmentalist who has donated a significant portion of his fortune to help preserve wildlife habitats in Wyoming, Montana and Maine. He reportedly wants to buy the Tribune publication because he believes the US needs a more robust press. The current owner, a hedge fund called Alden Global Capital, is particularly known for cutting costs in newspapers that own it. Alden holds a 32% stake in Tribune Publishing and has an agreement to buy the rest of the company for $ 17.25 per share. That deal empowered Bynum to put together a nonprofit group to buy “Baltimore Sun” and two other Tribune-owned newspapers in Maryland for $ 65 million. The deal broke down and this is when Bannum turned to Dias. The Swiss billionaire has no problem running Bannum’s and Maryland’s newspapers. He wants the company’s major newspapers and seven other tribune-owned dailies to make plans to find people to buy. Wyss just wants the “Chicago Tribune” to be better than ever, and believes he is the person to do it.