Lifestyle The actor got an upfront salary and a percentage of the movie’s profits, making him S$101m richer. 12 Jul 2019 09:58AM Bookmark Avengers: Endgame’s success at the box office meant star Robert Downey Jr got a huge payday. The actor who played Tony Stark/Iron Man in the franchise walked away US$75 million (S$101 million) richer.According to a new report from Forbes, Downey received a US$20 million salary up front, as well as 8 per cent on the movie’s back-end points. This means he gets a percentage of the profits, which came up to an additional US$55 million.Endgame has grossed US$2.7 billion worldwide and is just US$14.6 million shy of hitting the record for the highest grossing movie of all time, which currently belongs to 2009’s Avatar. It made US$1.2 billion worldwide during its opening weekend alone.The movie marked Downey’s 9th appearance in the Marvel Cinematic Universe; he appeared in the first Iron Man movie in 2008.He also made … [Read more...] about Guess how much Robert Downey Jr made from Avengers: Endgame?
1 billion how much million
How much does lithium cost? The industry can’t seem to agree
SANTIAGO: Opaque pricing for lithium, the powerhouse metal fueling the electric vehicle revolution, is expected to be top of mind this week as the industry's leaders gather in Santiago, with calls rising for more transparency to attract much-needed expansion funding.Unlike for copper or other metals used to make electric cars, there is no traded price for lithium. The London Metal Exchange is working to develop a tradable price for the white metal, but until then, the industry's investors, customers, analysts and executives are left without a full sense of the global market."The fact that there isn't a benchmark price means that some of the banks haven't been keen to get involved because they can't hedge their price risk," said William Adams, an analyst at Fastmarkets, which is hosting the Santiago conference and vying to be a pricing provider for the LME contract.For now, the industry grabs on to whatever scuttlebutt it can find, with data swirling on prices for spodumene, a hard rock … [Read more...] about How much does lithium cost? The industry can’t seem to agree
Trump tax figures show over $1 billion (U.S.) in business losses
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By Russ Buettner The New York Times Susanne Craig Tues., May 7, 2019 By the time his master-of-the-universe memoir Trump: The Art of the Deal hit bookstores in 1987, Donald Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by the New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition. The data — printouts from Trump’s official Internal Revenue Service (IRS) tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and … [Read more...] about Trump tax figures show over $1 billion (U.S.) in business losses
Scandal-hit Australian banks earmark billions to repay customers
SYDNEY: Australia's big banks - once among the most profitable in the world - are being forced to amass war chests worth billions of dollars to reimburse customers for years of dodgy fees.Industry heavyweight the National Australia Bank on Thursday (May 2) became the latest bank to outline the mounting cost of refunding ripped-off customers following a government probe into the sector.The company announced it had set aside A$1.1 billion (US$770 million) in the last financial year to remediate customers.A year-long Royal Commission exposed rampant bank malpractice that included charging fees to dead people, charging fees for no services at all, aggressive selling tactics and poor advice that led to significant financial upheaval for clients.The year-long investigation singled out NAB for especially harsh criticism, forcing the departure of the firm's CEO and chairman.It "forced us to confront broader issues of how we treat customers", the bank said in a statement … [Read more...] about Scandal-hit Australian banks earmark billions to repay customers
Scandal-hit Aussie banks earmark billions to repay customers
SYDNEY: Australia's big banks - once among the most profitable in the world - are being forced to amass war chests worth billions of dollars to reimburse customers for years of dodgy fees.Industry heavyweight the National Australia Bank on Thursday (May 2) became the latest bank to outline the mounting cost of refunding ripped-off customers following a government probe into the sector.The company announced it had set aside A$1.1 billion (US$770 million) in the last financial year to remediate customers.A year-long Royal Commission exposed rampant bank malpractice that included charging fees to dead people, charging fees for no services at all, aggressive selling tactics and poor advice that led to significant financial upheaval for clients.The year-long investigation singled out NAB for especially harsh criticism, forcing the departure of the firm's CEO and chairman.It "forced us to confront broader issues of how we treat customers", the bank said in a statement … [Read more...] about Scandal-hit Aussie banks earmark billions to repay customers