Stock Pick

  • Buy 300 shares in this glorious ASX 200 dividend stock and create almost $2,000 in passive income

    A woman in hammock with headphones on enjoying life which symbolises passive income.

    There’s nothing quite like the sound of passive income from S&P/ASX 200 Index (ASX: XJO) dividend stocks landing in your bank account to put a smile on your face.

    Okay, there’s no sound.

    But I’m sure you know what I mean!

    Aussie investors are a bit spoiled for choice when it comes to passive income stocks, especially with many offering full franking credits.

    But I want to drill down to just one glorious ASX dividend stock today.

    Namely, ASX 200 miner Rio Tinto Ltd (ASX: RIO).

    We’ll dig into the numbers in a tick. But first…

    Trailing yields and future yields

    Before we look at the passive income potential of Rio Tinto shares, bear in mind that the yields you generally see quoted are trailing yields. Future yields may be higher or lower depending on a range of company-specific and macroeconomic factors.

    In the case of Rio Tinto, the dividend payouts have come down from the heady years of 2021 and 2022 when the iron ore price was rocketing to all-time highs.

    However, the final dividend paid in April this year was up 20% on the final dividend paid in April 2023.

    And with the iron ore price up 16% since 4 April, proving more resilient than many analysts have been forecasting, I believe the passive income outlook for Rio Tinto shares remains quite strong.

    With that said…

    Mining Rio Tinto for annual passive income

    Atop offering a juicy yield, Rio Tinto has a track record of delivering two fully franked dividends a year for more than a decade.

    As for the past year, the ASX 200 miner paid a fully franked interim dividend of $2.61 a share on 21 September.

    And Rio Tinto gave passive income a pleasant surprise when it reported its full-year results on 21 February.

    Although revenue slipped 3% from 2022 to US$54.04 billion, and underlying earnings before interest, taxes, depreciation and amortisation EBITDA declined 9% year on year to US$23.89 billion, management declared a fully franked final dividend of $3.93 a share.

    All told then, this glorious ASX 200 dividend paid out a total of $6.54 a share in fully franked dividends over the past 12 months.

    Or $1,962 in passive income from just 300 shares.

    Rio Tinto share price snapshot

    Atop that very handy passive income (which we’ve established makes no sound when you receive it), Rio Tinto shares also offer the potential for capital gains.

    Over the past year, the Rio Tinto share price has increased more than 21.9%, closing on Friday at $132.20 a share.

    The post Buy 300 shares in this glorious ASX 200 dividend stock and create almost $2,000 in passive income appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Rio Tinto Limited right now?

    Before you buy Rio Tinto Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Rio Tinto Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Top brokers name 3 ASX shares to buy next week

    A man sits in deep thought with a pen held to his lips as he ponders his computer screen with a laptop open next to him on his desk in a home office environment.

    It has been another busy week for Australia’s top brokers. This has led to the release of a number of broker notes.

    Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

    Aristocrat Leisure Limited (ASX: ALL)

    According to a note out of Citi, its analysts have retained their buy rating and $51.00 price target on this gaming technology company’s shares. This followed the release of the poker machine manufacturer’s half year results last week. Citi notes that those results were well ahead of both the market’s and its own expectations thanks largely to lower than expected costs. A strong performance from its Rest of World segment also helped to offset a slightly softer than expected half in the United States. The broker also notes that the Aristocrat Leisure will consider selling its digital assets. It is supportive of the move, given how their growth has slowed. However, the price it receives for these assets will be key. The Aristocrat Leisure share price ended last week trading at $46.28.

    CSL Ltd (ASX: CSL)

    A note out of UBS reveals that its analysts have retained their buy rating and $330.00 price target on this biotherapeutics giant’s shares. UBS notes that the company’s collections partner, Terumo, has just released its latest quarterly update and it believes there are positives for CSL in there. This because Terumo’s update revealed that it has ramped up the rollout of CSL’s new Rika collection platform to more centres in the United States. So much so, Terumo’s Rika ramp up appears to be ahead of schedule, with the FY 2024 target already reached. This will be good news for CSL given the benefits of the very efficient new technology on plasma yields. The CSL share price was fetching $280.00 at Friday’s close.

    Life360 Inc (ASX: 360)

    Analysts at Morgan Stanley have retained their overweight rating on this location technology company’s shares with an improved price target of $17.50. This follows the release of the market darling’s recent quarterly update. Morgan Stanley highlights that Life360’s update, which was largely pre-released, revealed that its strong growth not only continued in the quarter but also at the start of the current quarter. This has led to the broker boosting its earnings estimates and valuation accordingly. The Life360 share price ended the week trading at $15.47.

    The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Life360 right now?

    Before you buy Life360 shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Life360 wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in CSL and Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Life360. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Here’s how the ASX 200 market sectors stacked up last week

    Cheerful Father And Son Competing In Video Games At Home

    ASX consumer discretionary shares led the ASX 200 market sectors last week with a 3.23% gain over the five trading days.

    Meantime, the S&P/ASX 200 Index (ASX: XJO) lifted 1.11% to finish the week at 7,814.4 points.

    On Thursday, the ASX 200 went close to its all-time high set in April after the S&P 500 hit a new record on encouraging US inflation numbers that stoked hopes of an earlier rate cut.

    The Dow Jones index also crossed the 40,000-point mark for the first time ever on Thursday.

    Seven of the 11 market sectors finished the week in the green.

    Let’s review the week.

    Consumer discretionary shares led the ASX sectors last week

    It’s interesting to see ASX consumer discretionary shares at the top despite the obvious challenges for the sector today.

    Consumers are starting to reduce their spending more and more as pandemic savings run low, and many economists think interest rates won’t be cut until very late in the year, or they could even go up again.

    The latest Westpac Consumer Sentiment data is bleak, with sentiment at persistently pessimistic levels for the past two years and “showing few signs of lifting”, according to senior economist Matthew Hassan.

    Hassan commented:

    Indeed, outside of the deep recession of the early 1990s, this is easily the second most protracted period of deep consumer pessimism since we began surveying in the mid-1970s, with all other sentiment slumps lasting nine months or less.

    The latest retail figures from the Australian Bureau of Statistics revealed the “weakest growth on record” outside the pandemic and the introduction of the GST.

    Turnover rose just 0.8% for the year to 31 March. This is despite massive population growth driven by high immigration. More than half a million migrants (net) moved here in FY23.

    Despite all of this, consumer stocks won the week. Perhaps the cost-of-living measures announced in the Federal Budget on Tuesday prompted investors to buy discretionary stocks?

    As my colleague Seb mused: “… more money in pockets from both the tax cuts and the energy rebates will probably disproportionately flow through to consumer discretionary shares.”

    Let’s take a look at some of the best performers within the consumer discretionary sector this week.

    Which discretionary retail stocks outperformed this week?

    The most obvious one to highlight is Aristocrat Leisure Limited (ASX: ALL) shares.

    The gaming technology company smashed it out of the park this week. The Aristocrat share price skyrocketed a whopping 17.5% to close at $46.28 on Friday.

    The bulk of that gain occurred on Wednesday when the company released its half-year results.

    Aristocrat reported a 16.8% jump in net profit after tax (NPAT) to $723.3 million. Other positives were the fully franked interim dividend of 36 cents per share, up 20%, and an extra $350 million in share buybacks.

    Among the other discretionary heavyweights, Lottery Corporation Ltd (ASX: TLC) shares rose 1.27% over the five days to finish at $5.19 on Friday.

    Harvey Norman Holdings Limited (ASX: HVN) shares gained 1.29% to close at $4.32 on Friday. JB Hi-Fi Ltd (ASX: JBH) shares rose 0.94% to finish at $57.15.

    Among the small-cap discretionary stocks, Supply Network Ltd (ASC: SNL) moved 6.38% higher over the week to finish at $22.

    By the way, if you’re interested in buying ASX retail shares, top broker Goldman Sachs has just released its latest buying recommendations and 12-month share price targets for each of its favourite retail stocks.

    Its top pick is Super Retail Group Ltd (ASX: SUL), owner of Rebel and Supercheap Auto.

    ASX 200 market sector snapshot

    Here’s how the 11 market sectors stacked up last week, according to CommSec data.

    Over the five trading days:

    S&P/ASX 200 market sector Change last week
    Consumer Discretionary (ASX: XDJ) 3.23%
    Materials (ASX: XMJ) 2.49%
    Consumer Staples (ASX: XSJ) 1.42%
    A-REIT (ASX: XPJ) 1.13%
    Financials (ASX: XFJ) 0.63%
    Healthcare (ASX: XHJ) 0.61%
    Communication (ASX: XTJ) 0.17%
    Utilities (ASX: XUJ) (0.33%)
    Information Technology (ASX: XIJ) (0.77%)
    Industrials (ASX: XNJ) (1.82%)
    Energy (ASX: XEJ) (3.59%)

    The post Here’s how the ASX 200 market sectors stacked up last week appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Aristocrat Leisure Limited right now?

    Before you buy Aristocrat Leisure Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Aristocrat Leisure Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Bronwyn Allen has positions in Harvey Norman. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Lottery. The Motley Fool Australia has positions in and has recommended Harvey Norman and Super Retail Group. The Motley Fool Australia has recommended Jb Hi-Fi. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Billionaire CEO gifts 1,200 UMass grads ‘envelopes full of cash’ totaling about $1.2 million — but there’s a catch

    University of Massachusetts Dartmouth
    University of Massachusetts Dartmouth.

    Boston Globe/Getty Images

    • CEO Robert Hale Jr. spoke at UMass Dartmouth's commencement ceremony on Thursday. 
    • The telecom billionaire gave each graduate two $500 payments.
    • Hale gifted the second $500 payment on the condition it goes to charity or someone in need.

    A billionaire gifted graduating students at UMass Dartmouth with "envelopes full of cash" totaling $1,000.

    Robert Hale Jr., the CEO of Granite Telecommunications, made the announcement during the school's commencement ceremony on Thursday. The school shared a video of the ceremony online, showing the moment Hale told the 1,200 graduates and their families.

    "These trying times have heightened the need for sharing, caring and giving," Hale said. "Our community needs you and your generosity more than ever."

    A UMass Dartmouth press release said security brought onstage two large duffle bags "packed with envelopes full of cash."

    Hale told graduates that he had two envelopes to give them: one reading "gift" and the other reading "give."

    Graduating students.
    UMass Dartmouth graduates received $1,000.

    LawrenceSawyer/Getty Images

    Hale explained that each student would receive $1,000 but added there was a "stipulation."

    "The first $500 is our gift to you," Hale said. "The second $500 is for you to give to somebody else or another organization who could use it more than you."

    If all 1,200 students received the $1,000, Hale's giveaway amounted to about $1.2 million.

    During the ceremony, Hale also received the UMass Dartmouth Chancellor's Medal for his philanthropy work.

    Representatives for UMass Dartmouth and Hale at Granite Telecommunications did not respond to a request for comment from Business Insider.

    College graduation season in the United States this year has been rife with controversy, mostly due to the ongoing conflict in Gaza. Several schools, including Columbia University, have canceled school-wide commencement ceremonies, citing security concerns. And several schools have called in the police to disperse pro-Palestinian protest camps, a move that one expert on dissent told Business Insider would ultimately backfire.

    Students at Duke University walked out during a commencement speech by comedian Jerry Seinfeld last weekend. Seinfeld has become a vocal supporter of Israel. Some students held Palestinian flags as they left the ceremony.

    A representative for Duke University told BI that "we respect the right of everyone at Duke to express their views peacefully, without preventing graduates and their families from celebrating their achievement."

    Read the original article on Business Insider

  • These ASX 200 shares could rise 15% to 50%

    happy investor, share price rise, increase, up

    Investors that are on the lookout for some big returns might want to check out these ASX 200 shares listed below.

    That’s because analysts are tipping their shares to deliver returns of between 15% and 50% for investors over the next 12 months.

    Here’s what you need to know about them:

    GUD Holdings Limited (ASX: GUD)

    Analysts at Morgans see plenty of value in this ASX 200 share at current levels.

    GUD Holdings owns a portfolio of companies in the automotive aftermarket and accessories sector. Its brands hold market leadership positions in all categories in which they operate. These brands include Ryco Filters, Wesfil, Narva, Projecta, DBA, and Xtreme Clutch.

    Morgans was pleased with the company’s recent investor update, noting that management is guiding to earnings growth in FY 2024 despite the tough economic environment.

    As a result, it has put an add rating and $13.71 price target on its shares. This implies potential upside of 24% for investors over the next 12 months.

    Karoon Energy Ltd (ASX: KAR)

    Another ASX 200 share that could rise strongly from current levels according to Morgans is Karoon Energy. It is an international oil and gas exploration and production company with assets in Brazil.

    Morgans likes the company due to its production growth potential, strong balance sheet, and attractive valuation. It also highlights “potential catalysts just around the corner with Karoon flagging at its recent result that it plans to shortly update the market with more detail on its growth plans, Bauna’s outlook, and its ESG approach.”

    The broker currently has an add rating and $2.80 price target on its shares. This suggests that they could rise by a sizeable 52% between now and this time next year.

    TechnologyOne Ltd (ASX: TNE)

    Finally, Goldman Sachs thinks that TechnologyOne could be an ASX 200 share with the potential to generate big returns. It is an enterprise software company providing a global SaaS ERP solution that transforms business and makes life simple for users.

    Goldman highlights that “despite TNE’s improving underlying growth and above-trend PBT outlook, the stock has de-rated from 25.5x to 23.5x NTM EV/EBITDA over the last 12 months while tech peers have re-rated.”

    In light of this, the broker thinks now is the time for investors to pounce on its shares. Particularly given that its analysts “forecast a mid-to-high teens (~16%) FY23-26E PBT CAGR (vs low-to-mid teens historically) with potential upside on achievement of TNE’s 115% NRR target (vs ~110% GSe) or UK success.”

    The broker has a buy rating and $18.10 price target on its shares. This implies approximately 15% upside for investors.

    The post These ASX 200 shares could rise 15% to 50% appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Gud Holdings Limited right now?

    Before you buy Gud Holdings Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Gud Holdings Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Technology One. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Technology One. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • AI ‘godfather’ Geoffrey Hinton says he’s ‘very worried’ about AI taking jobs and has advised the British government to adopt a universal basic income

    Geoffrey Hinton
    Geoffrey Hinton believes the government needs to establish a universal basic income.

    YouTube Screenshot

    • Geoffrey Hinton is worried that AI will take "lots of mundane jobs," the BBC reported.
    • Hinton advised the British government to establish universal basic income to mitigate AI's impact.
    • Hinton pioneered neural networks, which is the foundation of artificial intelligence.

    Some say AI will be a great equalizer. Others say it's bound to widen the wealth gap.

    Geoffrey Hinton, known as the AI godfather for his work pioneering neural networks, is a vocal member of the latter group. He told the BBC that he's "very worried about AI taking lots of mundane jobs." And he believes a universal basic income might be the solution.

    "I was consulted by people in Downing Street," he said. "I advised them that universal basic income was a good idea."

    Universal basic income is a recurring cash payment made to all adults in a certain population regardless of their wealth and employment status — with no restrictions on how they spend the money. It's become a hot topic among AI researchers, futurists, and industry leaders as a way to mitigate AI's economic impact.

    The idea is also gaining attention in countries like South Africa, Kenya, and India as a way to tackle poverty. And in the United States, numerous cities and some states have experimented with guaranteed basic incomes, which also give no-strings-attached monthly payments but to a targeted group of people.

    In Hinton's view, AI will boost productivity and generate more wealth. But unless the government intervenes, it will only make the rich richer and hurt the people who might lose their jobs. "That's going to be very bad for society," he said.

    Hinton advocates for a more cautious approach to AI development and says that in just 5 to 20 years, AI could be an "extinction-level threat" for humans.

    Even those advocating more aggressive development believe governments should consider some sort of recurring payment to redistribute wealth.

    OpenAI CEO Sam Altman — who's been racing to develop artificial general intelligence — is running his own experiment around a universal basic income, the results of which he expects to release soon. He also recently floated the idea of a "universal basic compute." Instead of receiving cash, everyone could receive a slice of a future large language model like GPT-7, he said.

    "They can use it, they can resell it, they can donate it to somebody to use for cancer research," Altman said.

    Read the original article on Business Insider

  • $1.8K to stand in line: Line sitters are cashing in on Donald Trump’s hush-money trial, reports say

    Members of the media line up to get inside Manhattan Criminal Court for the first day of former US President Donald Trump's trial for allegedly covering up hush money payments linked to extramarital affairs, in New York City on April 15, 2024. Trump goes to court Monday as the first US ex-president ever to be criminally prosecuted, a seismic moment for the United States as the presumptive Republican nominee campaigns to re-take the White House. The scandal-plagued 77-year-old is accused of falsifying business records in a scheme to cover up an alleged sexual encounter with adult film actress Stormy Daniels to shield his 2016 election campaign from adverse publicity. (Photo by Adam Gray / AFP) (Photo by ADAM GRAY/AFP via Getty Images)
    Members of the media line up to get inside Manhattan's criminal court.

    ADAM GRAY/Getty Images

    • Donald Trump's hush-money trial is proving beneficial for professional line-sitting businesses.
    • Limited courtroom spots and long wait times are driving the demand for their services.
    • Line sitting is a controversial practice, especially for courtroom spaces.

    Donald Trump's hush-money trial at Manhattan's criminal court isn't being televised, and with limited spots inside the courtroom for the public and media, seats are given out on a first-come-first-served basis.

    But for those who don't fancy the inevitably long queues, there's another option — hire someone to do it for you.

    Professional line sitters, who will wait in line so you don't have to, have been cashing in on the former president's trial. Trump is facing 34 counts of fraud relating to a hush-money payment to adult entertainer Stormy Daniels before the 2016 election.

    This past week, Trump's former "fixer" Michael Cohen, the key witness behind prosecutors' "election conspiracy" theory, took the witness stand in the court, further fueling the public appetite to watch the action unfold.

    Robert Samuels, who runs the line-sitting company Same Ole Line Dudes, told NBC News that the trial had meant his company had "definitely had to staff up.

    People line up to get inside the Manhattan Criminal Court for the trial of former US President Donald Trump charged with covering up hush money payments linked to extramarital affairs, in New York City, on May 16, 2024. Trump's defense team Thursday continues the questioning of Michael Cohen, the key witness in the criminal trial of the former president. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)
    Members of the public line up to get inside the Manhattan court to watch Donald Trump's hush-money trial.

    ANGELA WEISS/Getty Images

    The high demand for spots has also been leading to big money offers for places toward the front of the queue.

    On Thursday morning, one woman who was 12th in line was offering her place for $450, while a lawyer behind had shelled out hundreds of dollars for line sitters so she could get a place in an overflow room, The New York Times reported.

    The first person in line on Wednesday morning had paid $1,800 for someone to keep their spot for them, the NBC News report said.

    Since the trial began, Samuels said he had doubled his prices from $25 to $50 per hour and increased the number of line standers he has available from 26 to 32, the report added.

    Line sitting is a controversial practice

    Professional line sitters help people wait for hugely popular events or offerings, such as buying the latest sneakers or seats at exclusive restaurants.

    "Whether it's iPhones, the latest Air Jordans, or the hottest Broadway tix in town, Same Ole Line Dudes, understands your wants & needs and is here to help," Same Ole Line Dudes says on its website.

    But high-profile trials are often the big moneymakers for such firms.

    One Washington-based professional line stander previously told BI that the Supreme Court was one of her biggest money-spinners.

    "For Supreme Court lines we charged $40 an hour per person. That was the most expensive line because it was a limited-seating event and a longer wait, and we had to plan more," she said, adding that her usual rate was $25 to $35 an hour.

    "The longest we have camped out in a line was for a Supreme Court case, for three to four days. For these kinds of lines we have a group of people who rotate so that everyone gets to take a break," she continued.

    But professional line standing has been a controversial practice, especially for courtroom spaces.

    The Supreme Court says on its website that attorneys who are admitted as members of the Supreme Court Bar must not employ line sitters to hold their places to hear arguments.

    "Only Bar members who actually intend to attend argument are allowed in line for the Bar section; 'line standers' are not permitted," it says.

    Members of the public do not face the same restrictions, however.

    Read the original article on Business Insider

  • Here’s how the Trump family spends their billions, from a $11 million beachfront estate in St. Martin to a $15 million fleet of private aircraft

    trump family
    Donald Trump and his family.

    Brendan McDermid/Reuters

    • Former President Donald Trump's net worth is estimated to be $7.5 billion, according to Forbes.
    • The entire Trump family could be worth over $8.6 billion, including the reported net worths of the Trump children.
    • The Trumps spend their money lavishly, from a hefty real-estate portfolio to an aviation fleet and designer clothes.

    Former President Donald Trump's net worth is currently estimated to be $7.5 billion, according to a Forbes report from May 2024.

    And that's not to mention the individual net worths of his adult children: a reported $25 million each for both Donald Trump Jr. and Eric Trump, according to Forbes; and a reported $10 million for Tiffany Trump, according to Celebrity Net Worth. Ivanka Trump, who runs her own business, has the largest net worth of all the children. She and her husband Jared Kushner are estimated to be worth around $1.1 billion, as best ascertained by ethics filings reflecting the couple's real estate holdings and additional investments.

    Combined, that means the entire Trump family's fortune could be well over $8.6 billion.

    From pricey penthouses and expensive schooling to high-end shopping and a full-on aviation fleet, here's how they spend their money.

    Donald Trump's net worth is currently estimated to be $7.5 billion.
    Donald Trump

    Pool/Getty Images

    Source: Forbes

    According to his executive branch personnel public financial disclosure report, he earned anywhere from $597,396,914 to $667,811,903 between January 2016 and spring 2017.
    Donald Trump golf

    Ian MacNicol/Getty Images

    Source: Business Insider, Center for Responsible Politics

    Nearly $5.7 billion of Trump's wealth comes from his brand businesses — an estimated $5.6 billion from the Trump Media and Technology Group, and $59 million comes from the Trump Hotel Management & Licensing Business.
    Donald Trump
    President Donald Trump talks to reporters as he boards Air Force One for travel to Pennsylvania from Morristown Municipal Airport in Morristown, New Jersey, on August 13, 2019.

    Jonathan Ernst/Reuters

    Source: Forbes

    And $413 million of Trump's net worth consists of cash and liquid assets, according to Forbes.
    Donald Trump, Trump

    AP Images

    Source: Forbes

    Before he was elected to the White House, Trump spent $66 million of his own money on his presidential campaign, according to campaign finance disclosures examined by Reuters.
    donald trump campaign rally
    Republican presidential candidate Donald Trump speaks during a campaign rally, Friday, Nov. 4, 2016, in Hershey, Pa.

    Associated Press/Evan Vucci

    Source: Fortune

    Trump often traveled during his campaign using his huge aircraft fleet. He reportedly bought a Boeing 727 for $8 million back in the day, and then replaced it in 2010 with a Boeing 757 that he bought from Microsoft's Paul Allen for $100 million.
    Donald Trump, airplane

    AP

    According to the New York Times, it burns fuel at a rate of thousands of dollars an hour.

    Source: The New York Times

    Trump also owns a Cessna jet, which was reportedly worth $15.3 million when it was new and had a resale value of $3.2 million in 2016.
    cessna jet donald trump

    John Locher/AP Images

    Source: The New York Times

    Collectively, Trump's fleet, comprising two airplanes and one helicopter, is valued at $15 million.
    trump plane

    Matthew Busch/Getty Images

    Source: Forbes

    Trump has an affinity for Brioni suits, which range from $5,250 to $6,900. While the brand supplied him with suits during "The Apprentice," he started paying for them during his 2016 presidential campaign.
    Donald Trump Campaign

    Scott Olson/Getty Images

    Source: Business of Fashion

    Melania Trump also has a taste for pricey fashion. She's been spotted wearing everything from a $2,095 Givenchy cape dress at an International Red Cross Ball to a $7,995 Monique Lhuillier sequined gown at a White House Historical Association dinner. And then there's also the time when she donned a $52,000 Dolce & Gabbana jacket.
    Melania Trump White House dinner

    Alex Wong/Getty Images

    Source: Cheat Sheet, Cheat Sheet

    On several occasions, the former first lady's also worn more casual and affordable brands, such as Converse, which retail for less than $50.
    Melania Trump Converse

    Andrew Harnik/Shutterstock

    Source: Business Insider

    Melania has had her own makeup artist, Nicole Bryl, who once told US Weekly of Melania's plans to have a "glam room" in the White House. She also has a hairstylist who makes house calls and travels with her.
    melania trump
    U.S. first lady Melania Trump arrives in the Rose Garden to speak at the White House May 7, 2018 in Washington, DC.

    Getty Images/Win McNamee

    Source: Cheat Sheet

    Melania has said she's a full-time mom and that she refuses to spend money on a nanny. In 2013, she told ABC News that she dresses her son, Barron, in suits and moisturizes him with her brand's Caviar Complex C6 moisturizer. He was seven years old at the time.
    melania trump barron trump
    First lady Melania Trump and Barron Trump walk to board Marine One on the South Lawn of the White House, Tuesday, Nov. 21, 2017, in Washington.

    Associated Press/Evan Vucci

    Source: Business Insider, ABC News

    In New York, Barron was attending Columbia Grammar and Preparatory School, which can costs upward of $59,000 a year. While he lived in the White House, he attended St. Andrew's Episcopal School in Maryland, which can cost up to $47,000 a year. He later attended the Oxbridge Academy in West Palm Beach, Florida, near his father's Mar-a-Lago club.
    barron trump

    Mark Wilson/Getty Images

    Source: Cheat Sheet, The Washington Post, CNN

    The three of them lived in the ritzy $50 million penthouse in Trump Tower in New York before moving into the White House in 2017. Trump reportedly has said the penthouse spans 33,000 square feet, but city records indicate that it's actually 10,996 square feet.
    trump tower

    Mark Lennihan/AP Photos

    Source: Forbes

    The Trumps also have real estate in sunnier climates, including Le Chateau Des Palmiers in St. Martin, worth $11 million.
    LE CHÂTEAU DES PALMIERS
    Le Chateau Des Palmiers.

    Google Maps

    Source: Business Insider

    They also have a 39,000-square-foot mansion in Bedford, New York, called Seven Springs, for which they reportedly paid $7.5 million. The home, used for family getaways, is reportedly worth roughly $30 million.
    Seven Springs Donald Trump

    Craig Ruttle/AP Photos

    Source: Business Insider, Business Insider

    Then there are the two homes in Sterling, Virginia, worth a collective $2 million — and his Palm Beach properties, worth a collective $325 million.
    Palm Beach Florida
    Palm Beach.

    pisaphotography/Shutterstock

    Source: Business Insider, Palm Beach Daily News

    And then there's his golf courses and clubs, worth an estimated $810 million, in the US, Scotland, and Ireland.
    trump golf
    Trump at the Trump National Golf Club in Westchester in 2006.

    Goshorn/Media Punch via AP

    Source: Forbes

    That includes the estimated $325 million Mar-a-Lago, a 17-acre estate in Palm Beach that Trump reportedly purchased for $10 million. It has 58 bedrooms, 33 bathrooms, 12 fireplaces, and three bomb shelters.
    Mar A Lago resort Donald Trump

    Joe Raedle/Getty Images

    Source: Business Insider, Forbes

    Donald Trump Jr. also owns real estate in Manhattan. He bought two apartments at the Sovereign for $1.5 million and $1.125 million, Town & Country reported. The publication speculated that he combined the two apartments.
    Donald Trump Jr.
    Donald Trump Jr.

    Sue Ogrocki/AP

    Source: Town & Country

    Eric and Donald Jr. are big game hunters, which can be very expensive. A 14-day white rhino hunt can cost $66,790.
    white rhino

    Dan Kitwood/Getty Images

    Source: USA Today

    Meanwhile, Ivanka Trump is busy building her own empire. Between January 1, 2016, and May 31, 2017, she earned at least $13.5 million in income, according to forms released by the White House. More than $5 million came from her namesake brand, more than $2.5 million from the Trump Organization, and nearly $800,000 for book and TV work.
    ivanka trump

    Andrew Harnik/Shutterstock

    Source: CNN

    Some media reports speculated that Ivanka Trump and Jared Kushner's 2009 wedding at Trump National Golf Club cost them at least $1 million.
    jared kushner ivanka trump

    Rob Carr/Getty Images

    Source: Cheat Sheet

    The couple's combined assets could be worth at least $1.1 billion, according to ethics filings.
    ivanka trump family

    Manuel Balce Ceneta/Shutterstock

    Source: CNN

    That includes a $25 million art collection.
    art gallery singapore
    Ivanka and Jared's art collection not pictured.

    r.nagy/Shutterstock

    Source: CNN

    Once Trump took up residence in the White House, Ivanka and Jared moved to Washington DC, where they lived in a $5.5 million house in the upscale Kalorama neighborhood.
    Ivanka Trump family

    Pool/Getty Images

    Source: Town & Country, New York Times

    Like her stepmother, Ivanka also steps out in a mix of high-end and fast fashion, from a $6,280 Oscar de la Renta dress and coat to an $870 Roksanda dress and a $35 Victoria Beckham for Target dress.
    ivanka trump G20 summit

    Pool/Getty Images

    Source: W Magazine

    Tiffany Trump's schooling was always paid for by Donald Trump, according to a source who talked to People Magazine. She attended the University of Pennsylvania for undergrad and graduated in 2020 from Georgetown Law School, which costs upwards of $80,000 per year for the full-time JD program.
    Tiffany Trump

    Alex Wong/Getty Images

    Source: People, The Washington Post, Georgetown Law School

    She's been spotted wearing $725 Aquazarra shoes and has worn couture designer Daniel Basso — whose gowns can cost thousands of dollars — to formal events several times.
    tiffany trump

    Astrid Stawiarz/Getty Images

    Source: Teen Vogue

    Tiffany Trump married businessman Michael Boulos in November 2022 at her father's Mar-a-Lago club in South Florida. Her engagement ring was reportedly worth $1.2 million.
    Tiffany Trump
    Tiffany Trump, left, and Boulos, right.

    Manuel Balce Ceneta/AP

    Source: Insider

    There's debate on the extent of Trump's philanthropic efforts, but in 2009, he and Melania donated $5,000 to $9,999 to the Police Athletic League of New York City. He also donated $1 million of his own money to Hurricane Harvey relief in 2017.
    melania donald sunglasses
    President Donald Trump (R) and first lady Melania Trump walk across the South Lawn before departing the White House July 25, 2017 in Washington, DC. Trump is traveling to Ohio to participate in a 'salute to American heroes' and a 'Make America Great Again Rally.'

    Chip Somodevilla/Getty Images

    Source: The New Yorker, GOBanking Rates, The Washington Post

    Read the original article on Business Insider

  • IDF claims Hezbollah drone struck Israel’s giant missile-detecting airship, report says

    An Israeli Air Force airship known as the "Sky Dew" or "Elevated Sensor" containing a highly advanced radar system to detect incoming missiles and drones is seen berthed at an undisclosed location in northern Israel on November 10, 2023 near Haifa, Israel.
    The Israeli Air Force airship.

    Christopher Furlong | Getty Images

    • The IDF has claimed Hezbollah hit its "Sky Dew" radar balloon, a report says.
    • The balloon is part of Israel's missile detection system.
    • The IDF responded by striking Hezbollah sites, an IDF spokesperson said.

    The Israel Defense Forces (IDF) claimed that a Hezbollah drone struck a large missile-detecting airship known as "Sky Dew," Israeli outlet Ynetnews reported.

    The radar-detecting balloon was deployed around 21 miles from the Israel-Lebanon border in an area called Golani Junction, the report said.

    "There were no casualties and no impact to the IDF's aerial situational awareness capability in the area," IDF Spokesperson Rear Admiral Daniel Hagari said, per Ynet News.

    The sytem was designed to add to Israel's air defenses by detecting incoming missiles and drones, officials have said, per The Times of Israel.

    The Israeli Air Force received the airship in 2022.

    https://platform.twitter.com/widgets.js

    It comes amid increasing tensions with the Hezbollah militant group, which has carried out a number of strikes on Israel following the latter's invasion of the Gaza Strip.

    Its attacks have ramped up in recent weeks after the IDF's operations in the southern Gazan city of Rafah.

    Earlier this week, the group struck a military post in northern Israel with two missiles fired from a drone, leaving three soldiers wounded.

    Following news of the alleged attack on the Sky Dew airship, Hagari said: "On the northern border, we attacked a complex of weapons manufacturing and storage sites belonging to Hezbollah's missile precision project overnight in response to the strike on the military site near Golani Junction, which hit the balloon on the ground during its operational acceptance process," per Ynetnews.

    The Lebanese political analyst Faisal Abdul-Sater, who closely follows Hezbollah, previously told the Associated Press that Hezbollah was "sending messages on the ground to the Israeli enemy."

    He said they were showing Israel: "This is part of what we have, and if needed we can strike more."

    Business Insider contacted the IDF for comment.

    Read the original article on Business Insider

  • Longevity hacks are the latest luxury apartment perk

    IV
    A number of luxury apartment buildings are making it easier to get a boost of wellness right where you live.

    peakSTOCK/Getty Images

    • Luxury buildings in Los Angeles, Miami, and New York are now offering IV drips to tenants.
    • Once used in hospitals, these treatments have become popular at wellness centers and spas.
    • The global IV therapy market is projected to reach $3.92 billion by 2028.

    Luxury residential buildings are now equipped with more than just hi-fi fitness centers, outdoor movie theaters, and dog spas — they're offering longevity hacks, too.

    A growing number of high-end buildings in Los Angeles, Miami, and New York are offering IV drips to tenants, according to The New York Times. The luxury condominium unit One Manhattan Square offers five different IV drip formulas that range from $300 to $350. The Park — a luxury apartment building in Los Angeles where units can go for as much as $38,000 a month — has been offering IV treatments since 2023.

    Intravenous treatments have long been used in hospitals to administer drugs to patients. But in recent years they've become a fixture at medical spas, wellness centers, and longevity clinics as a way for clients to hydrate or get a boost of minerals or supplements.

    Drip providers say patients must stay consistent with their treatments to see optimal results — hence their move even closer to home.

    "If you are a healthy person, you really can't do it too often, unless you're doing it three or four times a day," Danielle Remington, director of events and partnerships at Drip Hydration, the service provider for the Park Santa Monica, told the Times.

    Patients gravitate to these treatments because they have an instant impact without needing a lot of downtime, clinic directors previously told Business Insider. By 2028, the global IV therapy market is expected to reach $3.92 billion, according to projections from The Business Research Company.

    Read the original article on Business Insider