Posts tagged with "billionaire"

2021 Illustration by Kaelen Felix for 360 Magazine

5 New Year’s Resolutions To Make Your Business Culture A Winner

New Year’s resolutions are not only for individuals but businesses too. Company goals leaders set for the year ahead are usually measured in data tied to categories like revenue production and expense reduction. 

After a difficult 2020 due to COVID-19, many enterprises’ bottom-line numbers will take on extra importance in 2021. And business culture will be just as crucial. Any resolutions that company leaders make are an effective way to measure their work environment and help their teams meet performance metrics, says Mark McClain, CEO and co-founder of SailPoint and the ForbesBooks author of Joy and Success at Work: Building Organizations that Don’t Suck (the Life Out of People).  

“Meeting individual, team, and company goals begin with employees and managers working well together in a vibrant environment,” McClain says. “And given the changes and challenges of these times, culture and how leaders pay attention to it have never been more important. 

“The bottom line falls into place when everyone is on the same page. But even if leaders have established a strong culture, it bears constant vigilance to ensure everyone is rowing in the same direction, especially now when a volatile world can threaten to throw even the most solid companies off course.”  

McClain offers these business culture resolutions for the New Year that leaders could consider:

  • Focus on shared values. McClain thinks it’s misleading to frequently state that a “family atmosphere” exists in a company. “The bigger a company gets or the more it grows in capability and value, the less it’s going to feel like a family,” he says. “Creative friction and disagreement on processes and concepts are inevitable. Smart companies leverage broader, shared values as common ground on which workers can connect. I’ve found one of the best places for doing that is through service to the community beyond company walls. If your culture encourages people to work together for some greater good, they’ll continue to appreciate each other as humans and fellow workers.” 
  • Avoid prima donnas. ”Talented people are essential for a successful business,” McClain says, “but don’t fall in love with a gifted person if they are constantly letting you know how special they are. Watching them work can be breathtaking, but not when they’re the ones sucking the air out of the room.”
  • Double down on integrity. “Large legacy companies are often loaded with people who are just taking up space and collecting a paycheck,” McClain says. “It’s a significant issue, and it goes hand-in-hand with integrity. Effective workers know the difference between busywork and producing value. Everybody in the organization must be clear on what success looks like. The role of management is to be clear on objectives and then let people run.”
  • Don’t stop innovating. McClain says many companies stagnate in this area and should learn how to expand their innovations while encouraging the cultivation of new ideas. “Innovation is an amalgam of product marketing and product management skills, of listening to the market, and of engineering people who can take a problem and figure out how to solve it,” he says. “But innovation should apply in every direction – in how a company contracts, how they sell, how they market.”
  • Be the first to own mistakes. “Anyone who has been involved in conflict directly knows there’s always the sense that both parties have some responsibility,” McClain says. “The sooner you own yours, the more likely the other person will own theirs – and the project can move forward.”

“New Year’s resolutions are often easily discarded because of a person’s lack of commitment,” McClain says. “For business leaders and their workforce, they reflect company core values and can create or improve a culture that everyone will appreciate and aspire to uphold and deepen.”

About Mark McClain

Mark McClain, ForbesBooks author of Joy and Success at Work: Building Organizations that Don’t Suck (the Life Out of People), is CEO of SailPoint, a leader in the enterprise identity management market. McClain has led the company from its beginnings in 2005, when it started as a three-person team, to today, where SailPoint has grown to more than 1,200 employees who serve customers in 35 countries.

MELANIE GRIFFITH’S TIFFANY & CO. DIAMOND AND PEARL BRACELETS PHOTO

Kruse GWS Auctions’ World Record

The world-record-breaking auction house, Kruse GWS Auctions, specializing in entertainment memorabilia, fine jewelry, iconic fashion accessories, Royal artifacts, antiques and collectibles, has announced another world record. On Saturday, December 5, 2020, the Oscar-nominated actress Melanie Griffith’s 48.00ctw Diamond, 8.5mm Pearl and Solid Platinum Pair of Antique Bracelets from her mother, Tippi Hedren, sold for $156,250 during the “Billionaire’s Estate & Royal Auction” event. The final bid marks the highest price paid for Tiffany & Co. jewelry at auction.

The pair of solid platinum, diamond and pearl antique bracelets personally owned by film star Melanie Griffith come with quintessential Hollywood provenance of having been gifted to her by her mother, iconic Hollywood actress Tippi Hedren, who famously won a Golden Globe Award for her iconic role in Alfred Hitchcock’s “The Birds.” The bracelets are collectively embellished with approximately 48ctw round and old European cut fiery white diamonds and are lined with eight 8.5mm pearls each. The bracelets were sold with a personal letter from Griffith’s famous mother and are housed in a fitted box. The bracelets measure 7” in length and 2.15” wide and are marked Tiffany & Co.

“Melanie Griffith is a true American fashion and film icon. These bracelets are so exquisite, our auction house recognized immediately they are fine art in the form of fine jewelry and we were proud to set a world record with their sale,” said Dame Brigitte Kruse. “They represent the highest level of Americana; being made at the peak of craftsmanship by iconic American jewelry company Tiffany & Co. and being gifted from iconic American actress Tippi Hendren to her daughter, fellow iconic American actress Melanie Griffith. Kruse GWS Auctions was thrilled to be trusted with such a remarkable opportunity. The sale of the beautiful Diamond and Platinum bracelet secured a new world record as well as a placement in a museum.”

ABOUT KRUSE GWS AUCTIONS, INC.

Kruse GWS Auctions is the world-record breaking auction house specializing in Hollywood Memorabilia, Fine Jewelry, Master Timepieces, Royal Artifacts, Luxury Vehicles, Antiques and Collectibles.  Founder Dame Brigitte Kruse is the first auctioneer to be knighted by a Royal Family, the first female auctioneer to be recognized by the Guinness Book of World Records and is a member of the Forbes Los Angeles Business Council.

Fifth-generation auctioneer Kruse recently co-founded iSynergy Network, a group of innovative industry leaders providing a platform and solutions for entrepreneurs within a network of professionals across interconnected industries “for the betterment of all.” The global auction house has been featured around the world for sales of such notable items as Elvis Presley’s personal jet, Marilyn Monroe’s famous black wool dress, Marlon Brando’s historic watch, Italian Renaissance philosopher Machiavelli’s estate in Florence, and the 14th century celadon bowl owned by the last Empress of Vietnam.  www.gwsauctions.com

Vijay Mallya illustration by Kaelen Felix for 360 MAGAZINE Netflix article.

King of Good Times

By Hannah DiPilato

Last month Netflix released a new documentary that gives an inside look at the corruption and greed of some of India’s most prominent billionaires. The first episode tells the store of Vijay Mallya’s extravagant life that takes a drastic turn. 

Vijay Mallya was born to Vittal Mallya, an entrepreneur who founded the United Breweries Group. When Vijay Mallya was only 28 years old his father died suddenly and Mallya had to follow in his father’s footsteps and run a business empire. 

When Mallya took over his father’s business he shook everyone up with his lifestyle. In an interview, he was compared to Donald Trump to which he responded he was “nowhere near bankruptcy,” an ironic foreshadowing to his future. He also talked about having many enemies. 

Alcohol is not viewed in India as it is in America and in some states of India alcohol is banned. Due to this negative stigma, Mallya needed a different way to advertise his brand. He became a pioneer for different kinds of advertising. He used surrogate advertising to promote his company while keeping the sale of alcohol disguised, instead he advertised soda. The brand was still high profile even if the beer wasn’t what was being advertised. In 1996 the World Cup was hosted in India and Kingfisher launched a campaign with a catchy jingle that was a memorable success. 

Vijay Mallya’s genius was making his lifestyle the centerpiece of the brand. He became known as “the king of good times” and this became Kingfisher’s tagline. He knew how to build his image off of this to make everyone desire the lifestyle he was living. According to Sid Mallya, Kingfisher became “more than just a beer, it became a lifestyle” and everyone aspired to live like the king of good times. Vijay Mallya was one of the first people in India that wasn’t afraid to live lavishly and use his money unapologetically. 

In 2003 Mallya survived a devastating helicopter crash. The ride was only supposed to be a short 45 minutes and Mallya’s executive assistant, Tushita Patel, recounted the terrifying crash in the documentary. It was her first helicopter ride and she thought she was going to die. Mallya survived the crash and said, “Miracles do happen, there’s obviously a message from above.” He believed he would use his “second life” to the fullest.  

Mallya became one of the world’s largest liquor producers, but that wasn’t enough for him; he wanted to be recognized all over the world as more. In one recording he explained he wanted to be “a catalyst for change.” He had an urge to be number one, the boldest and brightest and he would do whatever he could to get there. 

The next year in 2004, Mallay got in touch with Alex Wilcox to help begin the next Kingfisher adventure. Here is where Kingfisher airlines began. Mallya created a promotional video that showed how luxurious and unique flying on Kingfisher airlines would be. Mallay appealed to the rising middle class of India, larger than the population of The United States, and knew this would be the perfect consumer for this new flying experience. This was beneficial to Kingfisher as another way to advertise and promote the flamboyant lifestyle. 

On Sid Mallya’s 18 birthday the airline was officially launched. At first, the airline was a rapid success. The brand focused on high-frequency and low-cost eliminating serving meals and first-class like many other airlines. The airline sent the message “everyone is welcome here.” 

Although the company was thriving, in 2005 Mallya went behind the back of Alex Wilcox and spent billions of dollars on new planes. The airline was no longer going to be the same low-cost service it once was, this was not what the market wanted. The desire to expand the airline began to put Mallya in debt as he borrowed money from the bank. Mallya continued to expand and eventually, Wilcox could no longer help Kingfisher airlines; the two men had different expectations for the future of the company. 

Mallya’s debt continued to grow as he continued to buy into more companies. In 2008, the global economic downturn stopped people from traveling, Kingfisher airlines was not making what it needed to, daily, to survive. The company continued to fall into a pit of large debt through 2009 and 2010. The reports of the business numbers were published and scrutiny of the company was heightened. The flights were even running out of food and the crew was giving away their meals to customers. Although things were bad, Mallya thought he could save his airline. 

By 2011 Mallya was doing everything to save the airline. The workers of Kingfisher were severely underpaid. Many went on strike and the wife of an airline worker committed suicide because of the financial stress. Mallya begged his employees not to turn to the press, but eventually, his true character was revealed. He could have paid off some of his debt out of pocket but refused. Eventually, the license of Kingfisher Airline was suspended, the money had run out and the airline closed. 

When Mallya’s 60 birthday came around in 2015, he did not shy away from another profligate party. This party created a negative view towards Mallya and he was seen as a theft that did not care about the lives of his employees. This tipping point led to an investigation into his finances and prosecutors believed he was hiding his finances. Allegations against him included money laundering and fraud. 

Mallya fled to London with no plan to return against the orders of the government. He said, “I disprove the narrative that I stole money.” He was charged by the UK court for money laundering, conspiracy and cheating. Some argued there are worse criminals that need to be caught, while others declare he is a thief and needs to be prosecuted. His son Sid concluded because this was a “lifestyle brand, he was easier to target.”

Mallya has sold most of his business and as of summer 2020, he remains in London where he continues to fight all charges against him. You can watch the documentary on Netflix along with the next two episodes of Bad Boy Billionaires: India.

Vaughn Lowery, Armon Hayes, Beyoncé, IVY PARK, Adidas

Adidas × Ivy Park

By Armon Hayes × Vaughn Lowery

“These barriers are not going to stop me,” is the opening line of the latest #Adidas×IVYPARK campaign.

The highly anticipated collaboration with Beyoncé and ADIDAS made the world stop this past weekend. Like her music, the lifestyle brand is inclusive, evoking strength and identity. Gender fluid with neutral color pallets for effortless layering during the time of year. On trend. It’s aesthetically pleasing athleisure with the intended functionality backed by the workmanship of an apparel powerhouse.

The collection includes footwear which will entice any sneakerhead. Four sleek vibrant designs starting at $99 coupled with accessories and branded grillz.

In activation of the release, this week the Beyhive sent orange care packages to various celebrities: Megan Thee StallionReese WitherspoonCiaraCardi B and Diplo. Rolling racks, trunks and boxes were chosen by the superstar herself with ‘love and respect.’

360 MAGAZINE teammates rocked the unisex cargo sweat ($85) paired with matching sweatshirt. The Nite Jogger sneakers ($159) were enunciated with a branded key chain.

And, if you were one of the lucky handpicked few, you received a luggage tag alongside of an inserted note from the Queen Bey herself.

With many of the items being SOLD OUT within hours of its online discharge, this launch is sure to be one of the most successful drops in both brand’s histories. Definitely a strong departure from Topshop (originally a partnership with British billionaire Sir Philip Nigel Ross Green, she’s now the sole owner).

Buy HERE.

Available in select stores.

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Equinox Members Feel Bamboozled

After The Related Companies (parent company of Equinox, SoulCycle, Hudson Yards) Founder/Chairman Stephen M. Ross announced his Trump fundraiser (tickets which will cost up to $250,000) in the Hamptons, all hell broke loose – tons of memberships have been cancelled online, over the telephone and in person. After all, Ross is a ‘passive investor’ for Equinox and SoulCycle which are premier fitness centers for celebrities, political leaders and senior level executives alike whom all seem to be proactively involved within the LGBTQ+ and art communities.

Why are members so infuriated?

Many feel they were a part of a movement of societal justice and equality, not just a fitness institution since its inception twenty years ago. Fast forward to present day, Equinox has popped all over every urbane and metropolitan area’s infrastructure largely in part to real estate mogul, Ross.

Lately, the brand has announced a slew of designer duds, hotel chain and talent agency geared towards their top instructors. Today, more or less of its constituents will gather at the West Hollywood location (8590 Sunset Blvd, West Hollywood, CA 90069) at 4PM to protest against Ross’s decision to host such a lavish engagement for one of the most ridiculed US Presidents in modern day times. A man who’s rhetoric has possibly fell upon the ears of young white supremacists like the alleged shooter at El Paso last weekend who gunned down dozens of Hispanic people at a local Walmart.

Maybe after today’s outrage, the Miami Dolphins owner, who was shunned for his actions by some of its players, will renege on tomorrow’s elaborate event. According to the LA Times, the soldout venue may raise close to 12 million dollars for Mr. Ross’s friend of over 40 years.

As of late, Equinox has announced the construction of a 20-story hotel and residential building downtown LA which is scheduled to be completed around 2021.

DAWN BLACK BADGE

….the engineering substance that leads to more spirited driving is accentuated by the creation of an entirely new exhaust system, that when deployed by the press of the ‘low’ button, celebrates Rolls-Royce’s hallmark V12 engine with a menacing bass baritone, announcing its arrival with authority rather than hysteria.

 

 

THE NEXT CHAPTER OF THE BLACK BADGE STORY DAWNS AT THE GOODWOOD FESTIVAL OF SPEED

 

 

At the Geneva Motor Show in March 2016, Rolls-Royce presented a truly transformative moment on the luxury landscape – the introduction of a permanent Bespoke family of motor cars called Black Badge, designed in response to the differing lifestyle requirements of a younger, more dynamic patron of luxury.

 

Since its introduction, Black Badge has done much to attract a new generation of Rolls-Royce customers to the marque. As a result of overwhelmingly positive customer demand for Ghost Black Badge and Wraith Black Badge, the time is now right to add a new chapter to the Black Badge story.

 

The 2017 Goodwood Festival of Speed will celebrate machines so beyond measurable limitations, they have changed the landscape in which they operate – an entirely fitting stage on which the third chapter in this truly transformative story can unfurl – the global debut of Dawn Black Badge, the most uncompromising expression of open-top luxury in the world.

 

The Black Badge story

Since it was launched in 2016, Black Badge has become the most commanding presence on the super-luxury landscape. Its authentic Bespoke engineering and design approach has answered the demands of those customers who have said “Build us a Rolls-Royce like no other”.  

 

Black Badge is Rolls-Royce’s response to a small and select group of clients who have asked the marque for motor cars with specific, focused characteristics that reflect their different take on life, success and the luxury they consume. These people choose to define themselves differently from their wider social group; a subset within a subset.

 

 

It is this indomitable spirit that, since the launch of Black Badge, has captivated so many of today’s young owners, who are drawn to Rolls-Royce in the knowledge that no other luxury house is possessed of the vision and flexibility to meet their demands both in design and engineering terms. Indeed, Black Badge serves to amplify the inherent characteristics that have driven so many new, younger patrons of luxury to the marque.

 

In conceiving Black Badge versions of Wraith, Ghost and now Dawn, the marque’s Bespoke designers and engineers drew upon their instinctive understanding of the unique lives of these extraordinary men and women to create both design and engineering treatments that perfectly amplify the inherent values of these great Rolls-Royces.

 

Dawn Black Badge

Created to satisfy overwhelming demand from a new breed of Rolls-Royce patrons, Dawn Black Badge stands as the most luxurious, social and sensual space from which to take in the night air. This most glamorous, uncompromising expression of open-top luxury is given a new and darker sensual dimension through its suite of Black Badge engineering and design treatments.

 

The Dawn Black Badge at the Festival of Speed is presented in a deeply intense shade of black. Multiple layers of paint and lacquer have been fastidiously applied and hand-polished in a process that amounts to the most exhaustive painting and polishing process ever used for a solid paint colour. The result clothes Dawn’s sensuous lines in the deepest, darkest and most intense black to ever grace a production car surface. The roof, which opens in a ‘Silent Ballet’ to allow in the sounds of the night, is also only available in black canvas, whilst the rear deck is finished in black leather.

 

In creating Black Badge, Rolls-Royce’s Bespoke designers have sought to create true signifiers of this more assertive alter-ego for the marque. Dawn gets this same treatment.

 

The Spirit of Ecstasy – itself a mascot that has taken many different forms throughout the marque’s history – transforms into a high-gloss vamp, finished in a perfectly executed black chrome. This transformation to a darker aesthetic extends to certain chrome surfaces including the front grille surround, boot lid finisher, exhaust pipes and air inlet finisher. The effect is an authentic transformation that speaks of a bolder, more confident sensibility. Finally, the ‘Double R’ signifiers on the Rolls-Royce badges are inverted in colour, confirming the creation of a true alter-ego of the marque.

 

This bold, edgy design ethos extends beautifully into the interior – an exquisitely appointed staging point for patrons who seek to discover the night’s elements with the roof down. This exquisite expression of noir informs every conceivable detail. For example, innovative production techniques such as Physical Vapour Deposition, a highly technical surfacing method, perfectly darkens the air-vents throughout the interior in a manner that will never discolour or tarnish.

 

Reflecting the marque’s Bespoke philosophy, Dawn Black Badge also plays host to a new interior palette break-up. Higher levels of exquisite Black leather are accented boldly with Mandarin highlights, including a strip of orange highlight which encircles the cabin at hip-height, evocative of the sunset before the passengers are immersed in darkness.

 

A final touch, again, in a nod to one of Rolls-Royce’s great pioneer patrons, Sir Malcolm Campbell, finishes the rear interior space. His famous ‘Infinity’ rating logo beautifully embroidered into the car’s rear waterfall, gives a subtle nod to a man very much possessed of the restless spirit that so defines the Black Badge attitude.

 

Truly Bespoke Engineering  

Like its stablemates Ghost and Wraith, the distilled essence of Dawn is amplified through the engineering that underpins the Black Badge philosophy. In the case of Dawn, the engineering substance that leads to more spirited driving is accentuated by the creation of an entirely new exhaust system, that when deployed by the press of the ‘low’ button, celebrates Rolls-Royce’s hallmark V12 engine with a menacing bass baritone, announcing its arrival with authority rather than hysteria.

 

The exhaust tone adds an aural dimension to a suite of engineering enhancements. Indeed, Black Badge stands as a truly Bespoke collaboration between design and engineering, answering the demands of a new breed of patron of luxury who seeks a more spirited, involving driving experience which retains the peerless quality of ride that has driven Dawn’s success. To achieve this, the engineers have exploited the flexibility of Dawn’s magnificent 6.6 litre twin-turbo V12 to generate an extra 30bhp over the car’s already ample 563bhp, bringing the total to 593bhp. That hallmark sense of one infinite gear is also given bolder expression with the addition of a further 20NM of torque available from 1,500rpm, bringing the total to 840NM.

 

Fundamental changes to the transmission and throttle strategy give Dawn an enhanced feeling of urgency without diminishing its position as the world’s most luxurious open-top tourer. Indeed, the drive-train, ZF 8-speed gear box and steering-rack are so intuitive that they work together to create a more spirited drive depending on throttle and steering input. The result is a perfectly stately Rolls-Royce touring experience at low speeds and a highly engaging drive when the driver seeks to ‘push on’. Fundamental changes to suspension settings and components also ensure an appropriate balance between Rolls-Royce comfort and driver focus, felt in flatter cornering at high speeds.

 

The increased urgency of Dawn Black Badge has led to the development of new brakes with an increase in diameter of one inch. During deceleration, a fundamental remapping of the transmission strategy leads to downshifts a few rpm sooner under braking, offering engine braking when driving in a more spirited manner.

 

The steering-rack has also been quickened and engineered for more feedback. Speed-dependent adjustments also embolden Black Badge drivers as they enjoy an added sense of security and feel derived from increased steering weight at high speeds.

 

Dawn Black Badge is now available to commission.

 

 

TECHNICAL SPECIFICATIONS

Dimensions

Vehicle length

5285mm / 17.34ft

Vehicle width

1947mm / 6.39ft

Vehicle height (unladen)

1502mm / 4.93ft

Wheelbase

3112mm / 10.21ft

Turning circle

12.7m / 41.7ft

Boot Volume (DIN)

244ltr – 295ltr / 8.6 ft³ – 10.4 ft³

Weight

Unladen Weight (DIN)

2560kg / 5644lb

Engine

Engine / cylinders / valves

V / 12 / 48

Fuel management

Direct injection

Power output @ engine speed

593bhp /442KW /@5250rpm

Max torque @ engine speed

620 ft lbf/840NM @1500 rpm

Fuel type

10:1 / Premium unleaded1

Performance

Top speed

250kmh / 155mph (governed)

Acceleration 0 – 100km/h

4.9sec

Fuel Consumption

Urban

22.9ltr / 100km / 12.3mpg (Imp.)

Extra urban

10.1ltr / 100km / 28.0mpg (Imp.)

Combined consumption / range

14.7ltr / 100km / 19.2mpg (Imp.)

CO2 emissions

337g/km