🚨 🇫🇷 Bernard Arnault offers €50 million to École Polytechnique, his alma mater.
The head of LVMH, France’s largest fortune, is funding—through his family holding company Agache—the creation of an Institute of Mathematics and Fundamental Sciences on the Palaiseau campus.
The building, which will bear his name, is set to open around 2030 and host nearly 400 researchers and doctoral students.
The goal is to strengthen French mathematics, a foundation that has become strategic for artificial intelligence, quantum technology, and cybersecurity.
Elon Musk: “When I launched SpaceX, one of my closest friends made me watch a compilation of rocket chess. A lot of people tried to dissuade me. The punchline was: how do you make a fortune in the rocket business? You start with a big fortune.
I’d heard that joke so many times that I would recite the punchline myself. People would ask me: ‘Why did you start a rocket company?’ and I’d say that I was trying to find the fastest way to turn a large fortune into a small one.
But I already knew that the probability of failure was high and the chance of success low. I thought SpaceX might have a 10 to 20% chance of succeeding.”
« In 1966, the entire Walt Disney company was being sold for $80 million, with no debt. $4 million bought us 5% of the company. They spent $17 million on the attraction [Pirates of the Caribbean]. It was a company that was being sold for less than 5 times the price of the attractions—and they had a lot of them! »
Each major supercycle of HISTORY, overlaid on a single chart. The AI cycle is only 45 months long. This is NOTHING.
Here’s what the $SPY data says: 1. The post-war period lasted 200 months and returned +594% 2. The 1920s lasted 97 months and returned +505% 3. The rise from 1982 to 2000 lasted 211 months and returned +1,391% 4. The post-GFC period lasted 160 months and returned +497%
The AI cycle: +89% in 45 months.
Based on historical data, we’re barely past the STARTING LINE compared to each prior supercycle.
The shortest in history (the Roaring Twenties) still lasted 4 YEARS from where we are now. The longest (1982 to 2000) still lasted 14 years.
But here’s the part nobody talks about: Each of these cycles ENDED with a crash. • The 1920s fell by 89%. • The internet bubble fell by 49%. • COVID fell by 34%.
Stay net long. Stay patient. The best years of this cycle are still AHEAD of us.
$AMZN est on track to become the first company to exceed $1 trillion in annual revenue by 2028.
What makes this possible is that Amazon has become one of the most important infrastructure companies in the world, by combining across commerce, cloud, logistics, advertising, and AI—all at the same time.
Ex-wife of billionaire Jeff Bezos, MacKenzie Scott is currently in the news for the charitable work she has set out to do now. She has given more than 26 300 000 000 $ to charitable organizations to date, making her one of the largest individual donors in history.
According to the billionaire, she wants to spend the bulk of the fortune she got from Bezos after their divorce to help others and make the world a better place.
More than 26 billion dollars just for charity. Women are a gift from God 🥰
The man who returned fruit juice because his wife scolded him for it being “too expensive” ends up with $315.3 million (about 470 billion yen)
■Circumstances May 2018, State of New Jersey Taieb Souami (56) buys orange juice (about 750 yen) at a supermarket
When he gets home, his wife says: “That’s too expensive—take it back.” → At other stores, it’s sold for less than half the price
■While he was waiting in line for a refund A lottery poster catches his eye. “I like these numbers.”
With the 750 yen refunded, he buys two tickets. → He completely forgets about them and goes to bed.
■The next day On his way to get a car wash, he stops at a red light and notices a 7-Eleven. “By the way, I didn’t check the tickets.” → He stops and scans them in the machine.
First ticket: Loser Second ticket: “Please contact an agent” appears → The prize is too big to display on the machine = a sign of certain victory
Souami: “I think the machine is broken.” Cashier: “... Oh my God.” Souami: “Huh?” Cashier: “OH MY GOD!!”
His hands were trembling so much that it took him 2 hours to get home.
■His wife’s reaction “Why did it take you so long?” → The moment he shows her the lottery slip, she breaks down into tears.
■Result Winner of $315.3 million (about 470 billion yen)
Binance founder Changpeng « CZ » Zhao is said to have surpassed Bill Gates in terms of net worth in real time, with Forbes listing CZ at around $107.7 billion versus $105.9 billion for Bill Gates.
Crypto wealth continues to redraw the world’s billionaire rankings. Do you think Bitcoin and crypto entrepreneurs will dominate the list of the world’s richest people over the next decade? 🚀