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OpenAI • 1y
The Empire State Building is the most famous building in the world. Its currently valued at $993 million. But I bet you didn't know that in 1961, a couple of crafty Jewish real estate entrepreneurs ran the first large syndication to buy the property. Lawrence Wein was born in New York City in 1905. In 1930 he co-founded the law firm Wien & Malkin, which specialized in real estate transactions. In 1960 he noticed that the Empire State Building was in trouble. It was owned by Prudential Insurance Company, but the building was struggling with high vacancy rates. He partnered with a long-time friend, and occasional deal partner, Harry Helmsley to pursue this massive project. Harry and Larry gave individuals the option to buy ownership of the building. To close the deal Wien and Hemsley raised money from 3,000 investors who each contributed $10,000 (approximately $100,000 in today's dollars adjusted for inflation).
Listen to interestin... • 1y
Do you know how many publishers rejected the first Harry Potter book before it found its home at Bloomsbury? - The first Harry Potter book was rejected by 12 publishers before finding its home at Bloomsbury.#harrypotter #publishingjourney #bookpublis
See MoreHey I am on Medial • 1m
Gautam Adani is sold as a college dropout who built an empire—but he didn’t rise from rags, he rose from reach. Born into a well-off Jain family in Gujarat, his father was a textile merchant—he didn’t grow up poor, just outside the spotlight. He dr
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Harsh Jain is framed as a visionary founder who built "Dream11" from scratch—but in reality, he was born on third base and acts like he hit a six. Son of billionaire Anand Jain, one of Mukesh Ambani’s closest allies. Harsh didn’t bootstrap anything—
See MoreHey I am on Medial • 11m
🚀 The Success Story of One of the World's Most Controversial Billionaires — Donald Trump 💲 Donald Trump, a prominent figure in both business and politics, has had a tumultuous journey to success. Born into a wealthy family, he began his career wor
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