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Oprah's former penthouse on an exclusive private island in Florida just sold for $20 million. Look inside the 4-bedroom condo in America's richest ZIP code.

<ul class="summary-list"><li>Canadian billionaire Lawrence Stroll is the newest investor in Aston Martin, with Reuters reporting that he dropped more than $240 million on a 16.7% stake in the company. </li><li>Aston has been struggling financially as of late, but its new DBX SUV could help ease that. </li><li>Stroll's investment will come with some shakeups to Aston, including a change in its Formula One structure and, most notably, to its plans for electric vehicles. </li><li>In terms of EVs, Aston Martin will push the planned onset of its planned luxury EV brand, Lagonda, from 2022 to 2025, and the Rapide E electric model has been paused indefinitely. </li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul><p>Aston Martin, whose <a href="https://markets.businessinsider.com/news/stocks/aston-martin-stock-tumbles-profits-tank-2019-before-dbx-release-2020-1-1028800332">financial performance</a> hasn't been near the performance of its luxury supercars lately, just got a much-needed cash influx from Canadian billionaire Lawrence Stroll.</p><p>But with that extra cash will come a few changes, including major delays to Aston's electric-vehicle plans. </p><p><a href="https://www.reuters.com/article/us-astonmartin-stroll/billionaire-lawrence-stroll-takes-stake-in-ailing-carmaker-aston-martin-idUSKBN1ZU0OP">Reuters</a> reported the investment from Stroll on Friday, saying that he's agreed to buy up to 20% of the company and rename the Formula One team he owns after it. (Stroll <a href="https://www.bbc.com/sport/formula1/46342907">bought the Force India F1 team in 2018</a>, renaming it "Racing Point" and bringing his son onto the driver lineup. Red Bull Racing, the F1 team currently associated with Aston Martin, <a href="https://redbullracing.redbull.com/article/team-statement-aston-martin-title-partnership">announced</a> on Friday that 2020 will be its final season with the automaker as its title partner.) </p><p>Stroll will pay more than $240 million for a 16.7% stake in Aston, Reuters reported, but that could eventually rise to 20%. He'll also join Aston's board as executive chairman, and with his investment will come major changes to Aston's EV plans. The introduction of the company's planned luxury EV brand, Lagonda, will be pushed back from 2022 to 2025, while <a href="https://www.bloomberg.com/news/articles/2020-01-31/aston-martin-s-electric-car-plans-fall-victim-to-stroll-rescue">Bloomberg</a> reports that the Rapide E - Aston's first electric model that Bloomberg describes as "almost complete" - will be paused for review.</p><p>The Rapide E <a href="https://www.theverge.com/2020/1/14/21066051/aston-martin-rapide-e-electric-car-canceled-leeco">has been iffy for some time</a>, despite Aston <a href="https://media.astonmartin.com/production-ready-rapide-e-given-world-debut-at-auto-shanghai/">announcing</a> a "production ready" version in April 2019. When it was announced, Aston said it would make roughly 601 horsepower and that the production run would be limited to 155 vehicles. </p><p>The new investment comes with a lot of changes, but securing the extra cash wasn't just for fun - Aston Martin, despite its ultra-luxury aura as a car brand, <a href="https://markets.businessinsider.com/news/stocks/aston-martin-stock-tumbles-profits-tank-2019-before-dbx-release-2020-1-1028800332">hasn't been doing too well financially</a>. The changes include the F1 restructuring, as well as the delays to Aston's electric-vehicle investments as a part of "cost-cutting measures," Reuters reports. Not much was reported about the specifics of the cost cuts, such as where they'll come from. </p><p>Lagonda was supposed to relaunch as an all-electric luxury brand in 2022, with Aston showing off the <a href="https://media.astonmartin.com/lagonda-reveals-the-future-of-the-luxury-suv/">Lagonda All-Terrain Concept</a> early last year as a "first glimpse of the first production model from the luxury brand exclusively driven by zero emission powertrain technologies." With Stroll's investment, the Lagonda timetable is now three years later than planned while the Rapide E remains on indefinite pause. </p><p>Stroll's investment also comes at an uncertain yet cautiously optimistic time for Aston. The company's new DBX SUV recently debuted as a model to capitalize on the <a href="https://jalopnik.com/the-crossover-craze-has-taken-over-the-u-s-luxury-mark-1837388211">SUV and crossover boom</a> in the car market, and the outlook for it is positive. Simply having an SUV offering is a major sales booster, even for supercar brands, to the point that Lamborghini's relatively new Urus SUV <a href="https://media.lamborghini.com/english/latest-news/all/automobili-lamborghini-sets-new-half-year-sales-record-in-2019/s/077aa50e-3108-4a42-b0ba-696c883864b4">accounted for nearly 60% of its sales</a> for the first half of 2019.</p><p>Lamborghini's worldwide half-year sales increased by 96% over 2018 after the introduction of the Urus, proving one thing: that SUVs sell, even for brands that haven't historically made them. The DBX is likely to provide a similar boost. </p><p>Both Stroll and Chinese automotive company Geely were in talks with Aston, but the <a href="https://www.ft.com/content/130679de-43fa-11ea-abea-0c7a29cd66fe">Financial Times</a> reports that the company ultimately "strongly favored" Stroll's deal to Geely's. The Financial Times reports that Geely, which owns brands like <a href="https://www.businessinsider.com/volvo-cars-to-pay-310-million-dividend-second-under-chinas-geely-2019-3">Volvo Cars</a> and <a href="https://www.businessinsider.com/exclusive-british-lotus-cars-to-be-made-in-china-at-new-geely-plant-in-wuhan-documents-2019-1">Lotus</a> and continues to expand its ownership of companies in the automotive sector, wanted to accelerate production of new EVs and share technology from its other brands with Aston.</p><p>But the Financial Times wrote that there was the potential to drown in Geely's widening array of companies, while Stroll offered the company the ability to focus on its strengths: supercars and racing, even at the cost of electric innovation. </p><p>Whether or not that was the right move for Aston, we'll just have to wait to find out. </p>

Aston Martin's electric-vehicle projects see major delays as the company gets a $240 million cash influx from billionaire Lawrence Stroll

<ul class="summary-list"><li>Nepo babies often follow in their parents' footsteps, benefiting from wealth and connections.</li><li>But some leverage family resources to cut their own paths, while others take on epic side quests.</li></ul><p>Nepo babies aren't a modern phenomenon. From John Quincy Adams<strong> </strong>(son of second US president John Adams) to Liza Minnelli (daughter of actor Judy Garland), many children of rich, famous, or influential figures have launched careers based on their relatives' success.</p><p>Now, there's a <a target="_blank" class="" href="https://www.businessinsider.com/musk-bezos-gates-arnault-heirs-children-inherit-millennial-genz-wealth-2024-8">new set of scions</a> in town — but not all of them are being given an obvious leg-up by their families.</p><p>Take August Chan Zuckerberg.<strong> </strong>According to her father, Mark Zuckerberg, the 7-year-old recently said she wanted to be like Taylor Swift when she grew up. Unfortunately for August, <a target="_blank" href="https://www.businessinsider.com/mark-zuckerberg-daughter-wanted-to-be-like-taylor-swift-2024-9">Zuckerberg shot that down real quick</a>.</p><p>"I was like, 'But you can't. That's not available to you,'" he told the "Acquired" podcast.</p><p>The Meta CEO — worth about $200 billion, according to Forbes — isn't a total dream-killer, though. When August amended her statement, he gave his full approval.</p><p>"She thought about it, and she's like, 'Alright, when I grow up, I want people to want to be like August Chan Zuckerberg,'" he continued. "And I was like, 'Hell yeah. Hell yeah.'"</p><p>While the lesson seems to be "be yourself," for many billionaires' children, the sky appears to be the limit regarding future careers.</p><p>But many children of the 21st century's ultrarich still gravitate toward the same types of roles. From CEOs to sports stars to epic side-questers, here are the nepo baby classifications.</p><h2 id="2324a426-e51e-4875-8e09-d3786bdd5bd8">The heirs apparent</h2><div type="image" title="Delphine Arnault with her brothers and Bernard Arnault sit front row at a fashion show" height="1668" width="2500" msid="113936828" hostid="261" sizebytes="301426"></div><p>The term "nepo baby" originally referred to people who succeeded in their parents' fields and whose success is generally understood to be made possible by their parents' connections.</p><p>Some billionaires essentially run their companies as huge family businesses, positioning themselves and their progeny atop the chain of command — like the Murdoch family, whose sibling drama over the future of Fox and News Corp. is <a target="_blank" class="" href="https://www.businessinsider.com/rupert-murdoch-succession-court-fox-news-corp-david-folkenflik-interview-2024-9">playing out in court</a>.</p><p>See <span>also the five children of </span><a target="_blank" href="https://www.businessinsider.com/lvmh-bernard-arnault-wealth-mark-zuckerberg-meta-stock-china-stimulus-2024-9"><span>Bernard Arnault</span></a><span>, CEO of LVMH and once the world's richest person, who all have senior roles at the massive luxury conglomerate</span>.</p><p>Let's not forget Donald Trump, who claimed he launched his real-estate empire with a "small loan of a million dollars" from his father, <a target="_blank" class="" href="https://www.businessinsider.com/trump-family-history-from-immigrants-to-americas-first-family-2020-6">Fred Trump</a>, who already had a thriving business and significant industry connections.</p><p>When Donald Trump entered politics, he continued the family tradition of appointing his children (and their partners) to campaign and administration roles.</p><p>Politics is a well-trodden nepotistic path: the Bushes and the Kennedys have both fielded political dynasties that included stints in the White House.</p><h2 id="dfd34676-2cc3-4409-b2bc-e387d1de600d">The crossers</h2><p>Plenty of billionaires' kids strike out on their own in different industries — but the money and connections certainly sweeten their ascent.</p><p>Bill Gates' <a target="_blank" class="" href="https://www.businessinsider.com/bill-melinda-gates-daughter-phoebe-life-activism-2023-10">youngest daughter</a>, for instance, is a startup entrepreneur with a fashion company. <a target="_blank" class="" href="https://www.businessinsider.com/david-ellison-paramount-ceo-skydance-larry-ellison-son-2024-7">David Ellison</a>, the son of Oracle founder Larry Ellison, went on to become a founder himself when he started Skydance Media.</p><p>Athletics and entertainment are also prime fields for nepo baby industry-hoppers. Two top-ranked female tennis players, <a target="_blank" class="" href="https://www.businessinsider.com/jessica-pegula-heiress-tennis-star-2024-7">Jessica Pegula</a> (world no. 3) and <a target="_blank" class="" href="https://www.businessinsider.com/emma-navarro-american-heiress-tennis-star-2024-7">Emma Navarro</a> (world no. 8), enjoyed the backing of billionaire fathers.</p><p>Pricier sports are also popular, like horseback riding. The daughters of <a target="_blank" class="" href="https://www.businessinsider.com/jessica-springsteen-bruce-springsteen-daughter-silver-medal-tokyo-olympics-2021-8">Bruce Springsteen</a>, Bill Gates, and Michael Bloomberg are professional show jumpers.</p><p>And in the world of race car driving, Lance Stroll, the son of Canadian billionaire Lawrence Stroll, works at Aston Martin (which the elder Stroll owns) and became a Formula 1 driver for the company. Former Williams driver Logan Sargeant and McLaren driver Lando Norris both have wealthy relatives.</p><p>Like all elite athletes, these athletes and racing drivers had to put in a lot of hard work to be successful. Still, their parents' ability to hire world-class coaches and support the transformation of an extracurricular passion into a career can't have hurt.</p><p>There's one other field that's become a magnet for nepo babies with something new to say: journalism. <a target="_blank" class="" href="https://www.businessinsider.com/who-is-jack-kennedy-schlossberg-jfk-grandson-photos">Jack Schlossberg</a>, a Kennedy grandson who's captured Gen Z's hearts, is an influencer-activist-journalist who recently became Vogue's political correspondent.</p><p>Ronan Farrow, the son of Mia Farrow and Woody Allen, rocketed to fame by reporting on sexual abuse allegations against Harvey Weinstein in The New Yorker.</p><h2 id="774e3d8a-0b34-4440-894a-ebf02be33fdd">The coasters</h2><div type="image" title="Brooklyn Beckham and Nicola Peltz in December 2023" height="1333" width="2000" msid="113936834" hostid="261" sizebytes="69378"></div><p>Meanwhile, some seem to be famous just for their last name. These are the "coasters," the types of people who are happy with just being seen and hanging out.</p><p>Paris Hilton was <em>the</em> prototype in the early aughts. She had forays into acting, singing, DJing, and modeling, but for the most part, she was known for being the rich Hilton hotel chain heiress.</p><p>The next iteration is the influencer. Take <a target="_blank" class="" href="https://www.businessinsider.com/olivia-jade-makes-influencer-comeback-after-college-admissions-scandal-2021-5">Olivia Jade Giannulli</a>, the daughter of "Full House" actor Lori Loughlin. As a high schooler, she had a sizable social media following, but that exploded after her parents <a target="_blank" class="" href="https://www.businessinsider.com/college-admissions-scandal-full-list-people-sentenced-2019-9#parent-lori-loughlin-was-sentenced-to-2-months-in-prison-24">admitted to paying hundreds of thousands of dollars</a> to secure her place at the University of Southern California. Now, she's got a comfortable influencing career with 1.2 million followers on Instagram, promoting products with partners including Zen Water and Evry Jewels jewelry.</p><p>Brooklyn Peltz Beckham and <a target="_blank" class="" href="https://www.businessinsider.com/nicola-peltz-billionaire-heiress-brooklyn-beckham-bio-photos-2023-5">Nicola Peltz Beckham</a> also fall into this category. The son of David and Victoria Beckham has tried his hand at photography and cooking, while the daughter of billionaire Nelson Peltz has turned her attention to acting and filmmaking. But some of their projects have been met with criticism — or even outright derision.</p><h2 id="f3a2d223-65ed-472a-8958-c0c77a25db5d">The activists</h2><p>Some nepo babies use their inherited millions to address social issues they're passionate about. In some cases, they're even<strong> </strong>anti-nepo warriors.</p><p><a target="_blank" class="" href="https://www.businessinsider.com/abigail-disney-millionaire-heiress-tax-the-rich-wealth-2024-1">Abigail Disney</a> is a prime example. The granddaughter of a Disney company cofounder, she's been outspoken about geopolitical issues.</p><p>Disney has publicly called for higher taxes on the ultrawealthy and criticized how<strong> </strong>people build generational wealth and take advantage of tax loopholes. She's also criticized the Disney company for its employment practices.</p><p>Though there aren't many nepo-babies-turned-activists of Disney's caliber, a few Gen Zers seem poised to take up the mantle. One is Elon Musk's daughter, <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-transgender-daughter-says-absent-cruel-father-nbc-2024-7">Vivian Wilson</a>, who has actively spoken out against her father's anti-trans views and his war on wokeness in recent months.</p><h2 id="ac6d4393-f157-4f13-b469-3ff068a9f02e">The normies</h2><p>Lastly, there are some nepo babies who have chosen professions in fields where their connections won't help them quite as much.</p><p>To be sure, family connections can help people get into good schools. And it certainly works in the nepo baby's favor that they probably won't have to take out tens of thousands of dollars in loans to pay for their education, thanks to the Bank of Mom &amp; Dad.</p><p>One example is Bill Gates' eldest daughter <a target="_blank" class="" href="https://www.businessinsider.com/bill-melinda-gates-billionaire-family-daughter-jennifer-phoebe-son-rory-2023-2">Jennifer Gates Nassar</a>, who left her equestrian career behind to pursue a medical degree from Mount Sinai and is now a pediatric resident.</p><p>Charles Shaffer, the son of longtime Vogue editor in chief Anna Wintour, is also a physician. He received his medical degree from Columbia University in 2016 and specializes in psychiatry.</p>

The beginner's guide to nepo babies

<p><em>This article is part of "</em><a target="_blank" class="" href="https://www.businessinsider.com/category/behind-the-wheel"><em>Behind the Wheel</em></a><em>," a series about the highly competitive and high-tech world of Formula 1.</em></p><p>It's been an eventful year for Formula 1.</p><p>In addition to the drama that unfolds outside the track, F1 fans have been treated to competitive races and a legitimate battle for the drivers and constructors championships.</p><p>The season is entering the home stretch — this weekend's US Grand Prix kicks off the final six races of the year. Here are the seven major plotlines that have defined the season and how they could affect the sport for years to come.</p><h2 id="091f1e53-3661-4758-8045-1908afdd2e00">1. Lewis Hamilton joins Ferrari in a flashy partnership</h2><div type="image" title="Lewis Hamilton holding a trophy and winking at the camera." height="1435" width="2869" msid="114359550" hostid="261" sizebytes="373940"></div><p>Driver shake-ups were happening before the season even began. In early February, the Formula 1 champion <a target="_blank" class="" href="https://www.businessinsider.com/lewis-hamilton-net-worth-salary-wife-f1-mercedes">Lewis Hamilton</a> announced he would depart Mercedes at the end of the season to <a target="_blank" class="" href="https://www.formula1.com/en/latest/article/breaking-lewis-hamilton-to-make-shock-switch-from-mercedes-to-ferrari-for-2025.3U1mESEizCeJ096Qrhbkb6">join Ferrari in 2025</a>.</p><p>With Mercedes, the British driver captured six drivers championships, but a string of down years led him to take a risk by joining the famed Italian squad.</p><p>With Ferrari looking fairly competitive this season — and Hamilton having a resurgent year, capturing two race victories — the pairing could provide fireworks in 2025.</p><h2 id="3bc5042a-bc26-4cbf-befa-640b76730480">2. Red Bull is no longer dominant</h2><div type="image" title="Max Verstappen looking down and holding a towel wrapped around his neck." height="2551" width="5101" msid="114359559" hostid="261" sizebytes="401534"></div><p>For the past three seasons, Max Verstappen and Red Bull have annihilated the competition. This year started off similarly: The Dutch phenom captured five victories in the first seven races.</p><p>Things changed at the <a target="_blank" class="" href="https://www.businessinsider.com/miami-grand-prix-distinct-features-f1-race-marina-2024-5">Miami Grand Prix</a> in early May, when McLaren's Lando Norris comfortably bested Verstappen to capture his first career win. Since then, Red Bull has been on the back foot, and Verstappen hasn't stood on the top step of the podium for the past eight races.</p><p>Preseason harassment allegations against Red Bull's team principal, Christian Horner, and the departure of its chief engineer, Adrian Newey, have contributed to a downturn for the team. Though Verstappen still seems destined to win his fourth individual title, McLaren has taken the lead in the constructors championship, and Ferrari and Mercedes seem to have caught up.</p><p>With regulations staying put for 2025, next season seems poised to be an open battle for both championships.</p><h2 id="70839b11-67cb-4d7a-821a-3a0c4ba012fb">3. McLaren emerges as a legitimate contender</h2><div type="image" title="Andrea Stella and Lando Norris pose with trophies." height="512" width="1024" msid="114359553" hostid="261" sizebytes="48898"></div><p>No team has been hotter in Formula 1 than McLaren, which is having a remarkable turnaround.</p><p>Last season, the famously papaya-colored squad looked like a backmarker, finishing near the bottom of the pack in the first few races. But under the guidance of a <a target="_blank" class="" href="https://www.businessinsider.com/formula-1-team-principal-schedule-responsibilities-2024-6">new team principal, Andrea Stella</a>, McLaren has emerged as the team to beat. Its drivers Lando Norris and Oscar Piastri have collected a combined five race victories this year.</p><p>McLaren has leapfrogged Red Bull for first in the constructors championship and seems poised for continued success.</p><h2 id="18556560-249f-4159-9e72-15eff90fefeb">4. Aston Martin becomes a threat after signing the famed engineer Adrian Newey</h2><div type="image" title="Adrian Newey smiling at Fernando Alonso at a press conference." height="2916" width="5832" msid="114359554" hostid="261" sizebytes="636420"></div><p>Perhaps no name carries as much weight in Formula 1 as Adrian Newey. The 65-year-old British engineer wins everywhere he goes.</p><p>Since beginning his career in Formula 1 in 1980, he has designed cars that have won 13 drivers championships and 12 constructors championships. He became one of the most sought-after free agents when he announced this year that he'd depart Red Bull. Aston Martin, owned by the billionaire Lawrence Stroll, ultimately <a target="_blank" class="" href="https://www.youtube.com/watch?v=bY2ZVolYSJM">snatched him up</a>.</p><p>With new regulations set to take effect in 2026, Aston Martin is already a clear favorite to design a top-performing car. And with the two-time champion Fernando Alonso on its roster, the team could be poised for major success in two seasons' time.</p><h2 id="387cb3a1-7d04-40b0-bc9b-b2929cb87774">5. The Daniel Ricciardo era ends</h2><div type="image" title="Daniel Ricciardo, surrounded by people with cameras, holds his arms out before falling belly-first into a swimming pool." height="683" width="1024" msid="114359557" hostid="261" sizebytes="134708"></div><p>In a surprising midseason driver swap, Daniel Ricciardo was <a target="_blank" class="" href="https://www.instagram.com/p/DAYtY1FtSFP/">cut from RB F1</a>, Red Bull Racing's sister team.</p><p>The decision came after a mostly down year for Ricciardo, who could not seem to keep up with his teammate, the Japanese driver Yuki Tsunoda.</p><p>Ricciardo had come to represent the sport in many ways thanks to his <a target="_blank" class="" href="https://www.youtube.com/watch?v=AEYrgoKhzhA">outsize role in the Netflix docuseries "Drive to Survive."</a></p><p>Where Ricciardo goes next will be a hot topic of conversation. Other racing disciplines — such as the US-based IndyCar and NASCAR series — likely hope to snatch him up and capitalize on his international star power.</p><h2 id="71883a5a-bd8e-43a6-91ac-53ef3d7321a1">6. F1 embraces a youth movement</h2><div type="image" title="Andrea Kimi Antonelli and Oliver Bearman in an F1 garage." height="1750" width="3499" msid="114359558" hostid="261" sizebytes="274240"></div><p>Replacing Ricciardo is Liam Lawson, a 22-year-old from New Zealand. He's one of many young drivers primed for success.</p><p>Mercedes announced this year that it would replace Lewis Hamilton with Andrea Kimi Antonelli, an 18-year-old Italian driver who got his first taste of F1 action during a practice session at this year's Italian Grand Prix.</p><p>The Haas F1 team, meanwhile, will bring on Oliver Bearman next season. The 19-year-old English driver <a target="_blank" class="" href="https://www.youtube.com/watch?v=rLal7pRzAMk">impressed this year</a> while replacing Ferrari's Carlos Sainz for a race as he recovered from appendicitis.</p><p>The French team Alpine will enlist the 21-year-old Australian Jack Doohan next season — meaning there will be at least four full-time rookies on the grid next year.</p><h2 id="678dd8df-aefc-4708-a026-25d1037a79cd">7. More manufacturers join the sport</h2><div type="image" title="Two executives pull a black tarp off of a red Audi race car." height="2481" width="4961" msid="114359551" hostid="261" sizebytes="563580"></div><p>Last week, Toyota announced it would return to Formula 1, joining forces with the Haas F1 team.</p><p>The Japanese manufacturer previously competed for eight seasons in Formula 1 and has recently had a great deal of success in rally and endurance racing. Toyota could help revitalize a Haas team that has often struggled to score points consistently.</p><p>Other manufacturers have announced they're joining the pinnacle of motorsports.</p><p>Audi is poised to join Formula 1 in 2026, taking over the Stake F1 Team Kick Sauber. The American manufacturer Ford also plans to partner with Red Bull in 2026 to provide the team with power units.</p><p>The influx of manufacturers points to the sport's growing mainstream popularity, with big-name car companies eager to throw their hats into the ring.</p>

The 7 biggest storylines of this Formula 1 season — and their impact on the sport's future

Nestled in the heart of Punjab, <keyword id="11917951" type="General" weightage="20" keywordseo="Amritsar" source="Orion">Amritsar</keyword> is not only renowned for its spiritual significance, epitomized by the iconic Golden Temple, but also for its bustling markets that reflect the rich cultural tapestry of the region. From traditional attire to delectable street food and modern shopping complexes, the markets of Amritsar offer a diverse and delightful shopping experience for locals and tourists alike.<br />Amritsar's markets are not just places to shop; they are vibrant hubs where the spirit of Punjab comes alive through colorful wares, aromatic spices, and the warm hospitality of the locals. Let's embark on a journey through the top markets that make Amritsar a shopper's paradise.<br /><br /><strong>Hall Bazaar:</strong><br />Begin your exploration at Hall Bazaar, located near the Golden Temple. This market is a visual feast, showcasing traditional Punjabi attire with intricate Phulkari embroidery and vibrant Punjabi juttis. Dive into a kaleidoscope of colors as you browse through souvenirs and local handicrafts.<br /><br /><strong>Katra Jaimal Singh Market:</strong><br />Known for its textile shops and handloom products, Katra Jaimal Singh Market is a treasure trove for fabric enthusiasts. Patiala suits and Punjabi dupattas adorn the shelves alongside traditional jewelry and accessories, offering a glimpse into Punjab's rich textile heritage.<br /><br /><strong>Guru Bazaar:</strong><br />For a culinary adventure, head to Guru Bazaar, where Amritsari street food takes center stage. Indulge in local delights like Amritsari Kulcha, Chaat, and sweet treats such as Jalebi and Pinni. The market's lively atmosphere makes it a foodie's paradise.<br /><br /><strong>Lawrence Road:</strong><br />Modernity meets tradition at Lawrence Road, a hub for shopping enthusiasts. This area boasts a mix of branded clothing, local handicrafts, and a vibrant ambiance, making it an ideal destination for a leisurely shopping stroll.<br /><br /><strong>Shastri Market:</strong><br />Catering to budget-friendly shoppers, Shastri Market is the go-to place for wholesale goods. Whether you seek textiles or kitchenware, this market caters to diverse shopping needs without breaking the bank.<br /><br /><strong>Katra Ahluwalia:</strong><br />Culinary enthusiasts will find their haven in Katra Ahluwalia, known for its wholesale dry fruits and spices. Immerse yourself in the aromatic flavors of Punjab and stock up on high-quality spices to recreate the authentic taste of Amritsar at home.<br /><br /><strong>Lahori Gate Market:</strong><br />Book lovers will rejoice at Lahori Gate Market, a paradise for bibliophiles. Numerous bookstores offer a wide range of titles in different languages, making it an ideal spot to explore both rare and popular reads.<br /><br /><strong>Rani Ka Bagh Market:</strong><br />Located near the Rani Ka Bagh garden, this market showcases exquisite Punjabi handicrafts, including Phulkari work, brassware, and wooden artifacts. Immerse yourself in the cultural heritage of Punjab as you explore the diverse offerings.<br /><br /><strong>New Amritsar Market:</strong><br />For a contemporary shopping experience, visit New Amritsar Market, featuring a modern shopping complex with national and international brands, multiplexes, and eateries. It provides a blend of tradition and modernity.<br /><br />Amritsar's markets weave a vibrant tapestry of tradition, culture, and modernity. Whether you're seeking traditional attire, delectable street food, or a contemporary shopping experience, Amritsar has something to offer for every shopper. These markets not only cater to material desires but also provide a glimpse into the soul of Punjab, making each visit a memorable and culturally enriching experience. So, next time you find yourself in the heart of Punjab, don't miss the opportunity to explore the diverse and enchanting markets that make Amritsar a true shopper's paradise.<br /><br />Note: The article is based on content generated by AI models like Bard and Chatgpt.

Best markets in Amritsar every shopper must visit

<ul class="summary-list"><li>Aston Martin boss Lawrence Stroll suggested the firm made up to $80 million selling F1 safety cars.</li><li>Stroll said he didn't believe the expression "race on Sunday, sell on Monday" before Aston Martin.</li></ul><p>Aston Martin's boss suggested the carmaker might have gotten an $80 million boost from its car featuring in Formula One races.</p><p>Speaking at the Financial Times Future of the Car Summit, Lawrence Stroll, who also stars in the hit Netflix F1 documentary series "Drive to Survive," talked up the financial benefits of stepping into the paddock with a racing team.</p><p>Stroll was asked whether there was any material impact on sales from Aston Martin featuring in F1, given most of their customers were high-net-worth individuals who were already likely to be aware of the company.</p><p>"There's an expression, I didn't believe it but we're actually experiencing it: race on Sunday, sell on Monday," Stroll said.</p><p>Stroll highlighted the impact of Aston Martin supplying F1's safety car, a vehicle deployed to lead the racing pack at a slower pace when there is an accident. The CEO says the carmaker has sold between 300 and 400 of its Vantage F1 edition cars as a result of the vehicle featuring in those races.</p><p>"Sounds like a small number, but for a company of our size it's relatively important," Stroll said. </p><p>Each Vantage F1 edition is <a href="https://astonmartinworks.com/models/vantage-f1-edition/" target="_blank" rel="noopener">priced at</a> £159,500, or $200,000. That would suggest Aston Martin has taken between $60 million and $80 million worth of sales linked to its safety car.</p><p>Insider asked Aston Martin for confirmation of Stroll's initial claims, and to confirm that he was referring to the model used in Insider's calculations.</p><p>Aston Martin sold about 6,400 units in total <a href="https://amsc-prod-cd.azureedge.net/-/media/corporate/documents/investors---results-and-presentations/aml-fy-2022-results-presentation.pdf?rev=da979d5dba154d879083e2f7581d61fd" target="_blank" rel="noopener">in its last full financial year</a>, bringing in revenues of around $1.74 billion. </p><p>Stroll's son Lance is a driver on his Aston Martin team, alongside two-time world champion Fernando Alonso. Per Forbes, t<a href="https://www.forbes.com/profile/lawrence-stroll/">he billionaire led a $235.6 million investment</a> to <a href="https://www.forbes.com/sites/daviddawkins/2020/01/31/billionaire-stroll-takes-stake-in-aston-martin-in-655-million-rescue-deal/">take control of the company in early 2020</a>.</p><p>But shares in the carmaker have nosedived since it floated on the London Stock Exchange about five years ago. The group is<a href="https://companiesmarketcap.com/aston-martin/marketcap/" target="_blank" rel="noopener"> worth about 63% less</a> than it was in October 2018, and a resurgence following Stroll's takeover was mostly wiped out at the end of last year.</p><p>Stroll told the summit he was confident he would eventually see a return on his initial outlay. </p>

Aston Martin may have earned up to $80 million in sales due to its safety cars featuring in F1 races, its boss suggests

<ul class="summary-list"><li>The deal between the PGA Tour and LIV Golf announced last week stunned the golf world.</li><li>Reports in the days since have indicated the sides negotiated for just weeks before coming to a deal.</li></ul><p>The PGA Tour and Saudi-backed LIV Golf shocked and <a href="https://www.insider.com/families-911-victims-rip-pga-tour-merger-liv-golf-2023-6?_gl=1*i4rwzf*_ga*ODIxNDE5MS4xNjczMjkwMzQ4*_ga_E21CV80ZCZ*MTY4NjUwMzQzMy42NTIuMS4xNjg2NTA2MTQyLjQ0LjAuMA..">enraged many in</a> the golf world with the <a href="https://www.insider.com/pga-tour-to-merge-with-liv-golf-2023-6?_gl=1*a2kqbf*_ga*ODIxNDE5MS4xNjczMjkwMzQ4*_ga_E21CV80ZCZ*MTY4NjQ5NjYzOS42NTAuMC4xNjg2NDk2NjM5LjYwLjAuMA..">announcement of an unexpected merger deal</a> week.</p><p>Reports in the days since indicate the fast-paced world of Formula 1 racing may have played an unexpected role in helping the deal come together.</p><p>Reports from <a href="https://theathletic.com/4587120/2023/06/07/pga-tour-liv-golf-merger/" target="_blank" rel="noopener">The Athletic revealed</a> that PGA Commissioner Jay Monahan and the governor of the Saudi Public Investment Fund Yasir Al-Rumayyan spoke for one of the first times in person in Venice, Italy. Prior to that meeting, PGA representatives met with Al-Rumayyan and other LIV executives to gauge the possibility that the two organizations could come to an agreement and end the conflict that took over the golf world, The Athletic and the <a href="https://www.nytimes.com/2023/06/10/sports/golf/pga-liv-merger-monahan-rumayyan.html?smid=tw-share" target="_blank" rel="noopener">New York Times reported</a>.</p><p>After the PGA executives recommended Monahan meet with Al-Rumayyan, their first meeting in Venice led to weeks of negotiations in London, New York, and San Francisco, which culminated in the deal announced in June, according to <a href="https://www.nytimes.com/2023/06/10/sports/golf/pga-liv-merger-monahan-rumayyan.html?smid=tw-share" target="_blank" rel="noopener">The New York Times</a>.</p><p>Al-Rumayyan, who is also <a href="https://affiliate.insider.com?h=7ad32dc79c5ebc36de503a4c805b3853c66c6f1e3f2806a8174e1cfb1963bd46&amp;postID=64860c9215e1ae539b25d386&amp;site=in&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fyasiralrumayyan%2F%3ForiginalSubdomain%3Dsa" target="_blank" rel="noopener">chairman of the oil</a> company <a href="https://www.businessinsider.com/saudi-aramco-posts-massive-161-billion-profit-2022-record-oil-prices-2023-3">Saudi Aramco</a>, was set to be in Venice in the middle of May for a wedding, the Times reported. That wedding happened to be the <a href="https://www.foxsports.com.au/motorsport/formula-one/aussie-scotty-james-marries-f1-heiress-chloe-stroll-in-starstudded-italy-wedding/news-story/e598138894db5415ee78cf54bdeb9ef8" target="_blank" rel="noopener">F1-related wedding</a> of the daughter of Canadian billionaire <a href="https://www.businessinsider.com/aston-martin-f1-safety-car-sales-lawrence-stroll-2023-5">Lawrence Stroll</a>, who owns the <a href="https://www.businessinsider.com/aston-martin-new-formula-1-car-pictures-championship-60-years-2021-3">Aston Martin F1 team</a>, in which Al-Rumayyan's Saudi Aramco is also a <a href="https://www.aramco.com/en/creating-value/technology-development/aramco-and-aston-martin-strategic-partnership" target="_blank" rel="noopener">key investor</a>.</p><p>Possibly because of its distance from any golf-related people or events, Venice was chosen as the first place for the two to meet, so Monahan met with Al-Rumayyan before the wedding took place, according to the Times. People close to the meetings told the Times the Venice talks were some of the most important in sparking more negotiations.</p><p>Neither LIV nor PGA immediately responded to Insider's request for additional comment.</p><p>The weeks of negotiations led to a tentative agreement that could end lawsuits that Monahan <a href="https://www.businessinsider.com/why-pga-tour-merged-liv-golf-commissioner-jay-monahan-report-2023-6">reportedly told employees</a> after the deal was announced could have ended up costing the PGA hundreds of millions in legal fees.</p>

How a Formula 1-linked wedding in Venice may have helped make the PGA and LIV deal happen

A complete timeline of Karlie Kloss and Taylor Swift's friendship

<p class="source"><span>REUTERS/Athit Perawongmetha/File Photo</span></p><p>Here's what you need to know before the markets open:</p><p>1. <strong><a href="https://www.businessinsider.com/goldman-sachs-warns-wuhan-coronavirus-will-hit-us-growth-2020-1?r=US&amp;IR=T">Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter</a></strong>. The bank's economists cautioned that fewer Chinese tourists and a drop in American exports to China could slow growth.</p><p>2. <strong><a href="https://markets.businessinsider.com/currencies/news/warren-buffett-5-million-crypto-lunch-tops-ebay-biggest-buys-2020-1-1028862656">Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened</a></strong>. The winning bidder, cryptocurrency entrepreneur Justin Sun, bailed at the last minute and hasn't rescheduled.</p><p>3. <strong><a href="https://www.businessinsider.com/wuhan-coronavirus-two-people-in-england-have-virus-authorities-say-2020-1?r=US&amp;IR=T">The UK has confirmed its first 2 cases of Wuhan coronavirus</a></strong>. Two members of the same family were infected with the flu-like illness.</p><p>4. <strong><a href="https://www.businessinsider.com/oil-jumps-as-who-declares-emergency-but-recommends-no-travel-trade-restrictions-2020-1?r=US&amp;IR=T">Oil jumps as WHO declares emergency but recommends no travel, trade restrictions</a></strong>. Prices had fallen nearly 4% this week but rebounded on Friday.</p><p>5. <strong><a href="https://www.businessinsider.com/exclusive-eu-regulators-to-investigate-essilorluxotticas-72-billion-dutch-deal-2020-1?r=US&amp;IR=T">EU regulators are set to investigate EssilorLuxottica's €7.2 billion Dutch deal</a></strong>. Antitrust officials plan to probe the eyewear titan's bid for Dutch opticians group GrandVision, Reuters reported.</p><p>6. <strong><a href="https://www.businessinsider.com/billionaire-lawrence-stroll-takes-stake-in-ailing-carmaker-aston-martin-2020-1?r=US&amp;IR=T">Billionaire Lawrence Stroll takes stake in ailing carmaker Aston Martin</a></strong>. The Canadian tycoon is shelling out more than $200 million for a piece of the luxury automaker.</p><p>7. <strong><a href="https://www.businessinsider.com/amazon-ceo-jeff-bezos-adds-billions-to-fortune-15-minutes-2020-1?r=US&amp;IR=T">Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes</a></strong>. Bezos' windfall came after Amazon's stock price increased by 12% to $12,000 on the e-commerce titan's strong earnings.</p><p>8. <strong>Stocks are mixed</strong>. European equities dropped with Germany's DAX down 0.4% and Britain's FTSE 100 down 0.8%. US stocks are set to open lower with Dow, S&amp;P 500, and Nasdaq futures down about 0.4%. In Asia, Hong Kong's Hang Seng slid 0.5%, Japan's Nikkei rallied 1%, and Chinese markets were closed for the Lunar New Year holiday.</p><p>9. <strong><a href="https://markets.businessinsider.com/economic-calendar?utm_source=markets&amp;utm_medium=ingest#date=01/31/2020&amp;name=&amp;countries=us&amp;eventtypes=&amp;tab=1,2,3">There's a bunch of data slated for release</a></strong>. Personal spending figures are the highlight.</p><p>10. <strong><a href="https://markets.businessinsider.com/earnings-calendar?p=1">A slew of energy and industrial earnings are coming out</a></strong>. Exxon, Chevron, and Caterpillar are on the list.</p>            <h3>NOW WATCH: <a href="https://www.businessinsider.com/why-camel-milk-is-so-expensive-2019-12">Camel milk can cost $30 a litre. Why is it so expensive?</a></h3>

10 things you need to know before the opening bell

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>One57</span></p><p class="caption">With its pricey full-floor condo units, it's no surprise the skinny skyscraper is breaking records.</p></div><p></p></div></div></p><p>Move over 15 Central Park West - there's a new most expensive building in town.</p><p><a href="http://www.one57.com/">One57</a>, the 73-floor supertall skyscraper in midtown Manhattan, has been crowned the new most expensive building in Manhattan as of 2015, <a href="http://www.cityrealty.com/nyc/market-insight">according to a report by CityRealty</a>.</p><p>The building's average price per square foot for the year was $6,010, while last year's most expensive, 15 Central Park West, came in at only $5,726.</p><p>It's no surprise the skinny skyscraper is breaking records. It's located on a stretch of 57th Street known as "Billionaire's Row," and for most of its existence, it's been a magnet for foreign millionaires and billionaires trying to get in on the New York real estate boom.</p><p>Though the identities of most of the buyers of units in the buildings are shielded by <span>limited-liability corporations</span>, <a href="http://www.nytimes.com/2012/09/24/realestate/two-billionaire-buyers-revealed-at-one57.html">the New York Times was able to sniff out</a> two billionaire buyers: Canadian Lawrence S. Stroll and Silas K. F. Chou of Hong Kong.</p><p>A buyer named Doijang Li, who is likely a Chinese national, picked up a $30 million condo this year, according to <a href="http://therealdeal.com/blog/2015/03/27/chinese-buyer-closes-on-one57-condo-for-30m/">the Real Deal</a>, and a Chinese airline exec Guoqing Chen paid $47.4 million for another space in the supertall. Another Chinese national, Tao Liu, <a href="http://www.businessinsider.com/chinese-owner-looks-to-flip-one57-apartment-for-25-million-profit-2014-1">paid $3.56 million</a> for an apartment in 2012, but tried to flip it in 2014 for a profit.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Courtesy of One57</span></p><p class="caption">A model residence in One57.</p></div><p></p></div></div></p><p>Hedge fund star Bill Ackman was also identified as the buyer of a $90 million slice by <a href="http://www.wsj.com/articles/SB10001424127887323716304578483604255721988">The Wall Street Journal</a> - one of the most expensive apartment sales in New York ever. New York's <a href="http://www.businessinsider.com/100-million-new-york-apartment-2015-1">most expensive</a> sale in history was also in One57, where a mystery buyer dropped $100.47 million on a top-floor duplex earlier this year.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Evan Joseph/Extell Development</span></p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/nyc-west-57-project-building-bjarke-ingels-2015-10">This insane new high-rise is going to be one of the most gorgeous buildings in New York City</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="E0ZHhheDqS7EomrA5oiBS8Mp1M87F3dc" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

There's a new most expensive condo building in New York City

<p><div class="image-container display-table float_right"><div><div class="image"><p class="source"><a href="http://www.youtube.com/watch?v=zaZB14xiHg8#at=271">PetroliciousCo / Youtube</a></p></div></div></div>An extremely rare <keyword id="16120" type="COMPANY" weightage="60" keywordseo="Ferrari">Ferrari</keyword> sold at <keyword id="1639" type="ORGANIZATION" weightage="60" keywordseo="Auction">auction</keyword> Saturday night for a <a href="http://www.latimes.com/business/autos/la-fi-hy-autos-rare-ferrari-world-record-pebble-beach-20130818,0,2024108.story?track=rss">record price of $27.5 million</a> (including commission), LA Times reports.</p>
<p>While the sale of this car was one of many at auction that evening, the 1967 Ferrari 275 GTB/4*S N.A.R.T. Spyder — one of only 10 ever made — was the highlight of the event. Its original owner was Eddie Smith Sr., who took delivery of it in North Carolina in 1968.</p>
<p>The Times has more:</p>
<p style="padding-left: 30px;">"This is a bittersweet moment for us," owner Eddie Smith Jr. told a packed crowd before the bidding started. "Ferraris came and went, but this one never went, thank God. We enjoyed it as a family for 45 years."</p>
<p style="padding-left: 30px;">He had advice for its new owners: "Drive it, love it, enjoy it, and more importantly share it with others so they can see it."</p>
<p>The winning bid came from Lawrence Stroll, a Canadian fashion entrepreneur, <a href="http://www.bloomberg.com/news/2013-08-18/ferrari-nart-spyder-sets-27-5-million-auction-record.html">according to</a> Bloomberg.</p>
<p>The successful sale doesn't mean the Smith family will be hoarding their newfound millions. They'll be <a href="http://www.petrolicious.com/this-ferrari-275-gtb-4-s-spider-is-one-of-ten">donating every dollar</a> earned to charity.</p>

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