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Inside the glitzy kickoff party for the world's biggest horse sale, where 300 of the industry's elite sipped on Dom Perignon and rare bourbon ahead of dropping millions on horses

<div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><ul class="summary-list"><li><a href="http://september.keeneland.com/">Keeneland's annual September yearling sale</a> in Lexington, <a href="https://www.businessinsider.com/category/kentucky">Kentucky</a> is the biggest <a href="https://www.businessinsider.com/category/horses">horse</a> sale in the world, with <a href="https://www.keeneland.com/sites/default/files/Sept%20Sale-History%20and%20Stats%202019.pdf">more than $377 million worth of horses sold</a> in 2018.</li><li>I flew down to Lexington and attended the sale's kickoff party at the Apiary, an 8,100-square-foot upscale events venue.</li><li>About 300 of the horse racing world's elite attended the party, including buyers, sellers, and famed horse trainer <a href="https://www.businessinsider.com/category/bob-baffert">Bob Baffert,</a> according to event planner Freya Kelly.</li><li>The party included a rare bourbon tasting, a Dom Perignon Champagne toast, at least six different types of dessert, and electric violin and cello performances.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul> Each September, wealthy horse-racing fans, buyers, and sellers descend on Kentucky's second-largest city, Lexington, known as <a href="https://www.visitlex.com/about/discover/horses/horse-capital-of-the-world/">"the horse capital of the world."</a>Lexington is surrounded by <a href="https://www.visitlex.com/idea-guide/horse-farm-tours/">hundreds of horse farms</a> and is home to the world's largest thoroughbred horse auction house, Keeneland, which also hosts races.In September is Keeneland's yearling sale, where people drop millions on year-old horses who've never even been ridden. In 2018, <a href="https://www.keeneland.com/sites/default/files/Sept%20Sale-History%20and%20Stats%202019.pdf">more than $377 million worth of horses</a> were sold at Keeneland's September sale.I flew down to Lexington for the sale, but first, I managed to score an invite to the sale's exclusive kickoff party at an upscale events venue called the Apiary.Here's what it was like.

<ul class="summary-list"><li><keyword id="9054586" type="UNKNOWN" weightage="60" keywordseo="david-dobrik">David Dobrik</keyword> took a social media break in March following <keyword id="9054585" type="UNKNOWN" weightage="60" keywordseo="vlog-squad">Vlog Squad</keyword> sexual assault allegation. </li><li>Dobrik posted his first vlog since then on Tuesday. </li><li>The vlog only made subtle mention of the controversies. </li></ul>After months away, David Dobrik posted a <a href="https://www.youtube.com/watch?v=bO7PgQ-DtZk">vlog</a> on Tuesday that only vaguely gave mention to the controversies that led to his hiatus.Dobrik said he was <a href="https://www.insider.com/david-dobrik-apologizes-after-vlog-squad-sexual-assault-report-2021-3">taking a serious break from social media</a> on March 23 following Vlog Squad sexual assault allegations. The apology came after Insider's Kat Tenbarge <a href="https://www.businessinsider.com/vlog-squad-durte-dom-rape-allegation-david-dobrik-zeglaitis-video-2021-3">reported</a> that a woman featured on Dobrik's YouTube channel said she was raped by Vlog Squad member Dominykas Zeglaitis, aka Durte Dom, in 2018 on the night they filmed a video about group sex. The woman said she was given alcohol by Vlog Squad members and blacked out from intoxication and was unable to give consent. In his apology, Dobrik said he was taking the time to be able to establish structures that enable checks and balances and can help people feel comfortable and express discomfort. "It doesn't feel right to go back to posting like I have been and it also doesn't feel right to go dark because I love what I do but I think it is important to show that change is possible and that I'm learning maybe even forgiveness is possible," Dobrik said. "I want to use this opportunity to step up and own my mistakes."He made no mention of the sexual assault allegation or of others that have surfaced since then in his new vlog. The controversies were briefly and vaguely mentioned at the beginning by Jason Nash and his mom. "I've been worried about you. I'm on Xanax because of you," Nash's mom says in the video. The video also features Jeff Wittek, who had previously said he was injured by Dobrik while shooting a stunt for a vlog. Wittek said he <a href="https://www.insider.com/jeff-wittek-eye-injury-david-dobrik-documentary-2021-4">injured his eye while swinging</a> from an excavator being controlled by Dobrik last year.In the recent vlog, Witteck appears to allude to the controversy. While talking to Dobrik in a car, Witteck takes what seems to be a fake phone call: "Hold off the lawsuit," Wittek says. "Yeah, he's got it. He's doing something."Dobrik laughs at the exchange. The rest of the vlog shows a car that's a replica of a toy wagon that Dobrik had purchased and references Corinna Kopf's OnlyFans earnings,Dobrik also gifts his friends with a trip to Hawaii and vlogs the trip. After a grasshopper lands on several of the squad members and Nick Antonyan, better known as "Jonah," freaks out, eventually removing all of his clothes. "Dude, how are you this scared of grasshoppers," Dobrik asks him. "Dude, that wasn't a grasshopper bro. That was a leopard or some weird sh--t," Jonah says. The vlog ends with a road trip, where Jonah vomits after reportedly eating a large amount of McDonald's.

After months on hiatus, David Dobrik posts a vlog with only vague mentions of controversies

<ul class="summary-list"><li>Maisie Williams has left Arya Stark behind and is focusing on a new app called Daisie.</li><li>The "Game of Thrones" star launched Daisie in August alongside her business partner Dom Santry with the noble ambition of helping fight nepotism in the arts industries.</li><li>Williams said she doesn't think she'd get any investment if she took advice from firebrand Stark.</li><li>Williams spoke to Business Insider after being named in the Tech 100, a ranking of the 100 coolest people in the UK tech industry.</li></ul><div class="KonaFilter image-container display-table center"><div><div class="image on-image">Business Insider</div></div></div>"Game of Thrones" star Maisie Williams is firmly leaving Arya Stark behind while she focuses on making a success of her new app, Daisie.In HBO's monster TV series, which recently wrapped filming on its eighth and final series, Williams plays Stark as a firebrand force, with single-minded determination to achieve her aims.But she told Business Insider that Stark is not a good role model as she ploughs her energy into Daisie, an iOS app that has the ambition of making the entertainment industries more accessible to a wider pool of people. Asked if she can learn from Stark in the world of business, Williams said: "Absolutely not. I don't think I'd get any investment if I went that route."Williams, and her business partner Dom Santry, were in San Francisco in July talking to investors about Daisie and has already secured funding from undisclosed venture capital firms. Talks with other backers continue.<div class="KonaFilter image-container display-table center"><div><div class="image on-image">Helen Sloan/HBOMaisie Williams as Arya Stark.</div></div></div>They have a noble ambition to help fight nepotism in the entertainment industries, giving users access to a network of creators that they would not have had otherwise. It will also give people access to special Q&amp;As with stars, such as Maisie herself and Ed Sheeran.Williams, who has been named in Business Insider's UK Tech 100, said her ambition for the app was born out of personal experience, given that she says her rapid rise was a "fluke.""I just think that it's a shame that there's such a lack of opportunities for so many people. Particularly people from where I came from... just had this fluke way in," she said."I used to audition for stage schools and I got in and I got 40% funding and then I couldn't go because 40% still wasn't even enough for me to even dream of going."Williams said she hopes Daisie will encourage people to share their talent. "Share what you have and share your gift with the world. I think in order to be successful you do need to open up and let people in and be critiqued and grow and learn and explore your arts," she added.

'Game of Thrones' star Maisie Williams has left Arya Stark behind to help fight nepotism in the arts industries

<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div><ul><li>Maisie Williams, who plays Arya Stark on "Game of Thrones," just launched an app (called "Daisie") that aims to find creative talent across multiple industries.&#xa0;</li><li>Daisie, which launched Wednesday, is meant to be a "safe place" for creative people to upload their projects and potentially meet other people to collaborate with.</li><li>Business Insider sat down with Williams and the app's cofounder, Dom Santry, in New York City to discuss their hopes for the app and its goals to shake up creative industries by helping artists with little resources to get their foot in the door.</li></ul>In the entertainment industry, it's nearly impossible to get your foot in the door if you don't know someone on the other side of it. Maisie Williams' life changed for good when she was 12 years old. She had recently gotten an agent who was also new to the business. Her agent, a drama teacher who saw that a lot of her students struggled with getting representation, decided to become one herself, so she could make things happen for them. "I was maybe one of 20 kids she had," Williams told Business Insider. "And my second audition was for 'Game of Thrones.'"Williams knew it was a major role on an HBO drama, and a big deal, but didn't realize how life-changing it would be considering she didn't even know if the pilot would get picked up to series. And she didn't know how huge the series would become, that it would run for eight seasons, or that she'd get an Emmy nomination when she was 19. Now, with "Thrones" behind her, Williams wants to give talented artists (musicians, writers, filmmakers, and more) the opportunity she got. Williams, who wrapped shooting season 8 of "Game of Thrones" two weeks before meeting with Business Insider in Manhattan's East Village in late July, calls herself "lucky" a lot&#xa0;-&#xa0;probably a dozen times in the hour we spent together. She was fresh off a red-eye from San Francisco, where she met with investors in Silicon Valley. At just 21 years old, Williams is hyper-aware of the advantages that got her where she is today. With almost a decade of experience in the film and television industry, Williams has learned that her story is quite unique: most people have to know someone to get a role on any level, from acting to crew. And Williams said she hopes to fight nepotism with <a href="https://www.daisie.com/">Daisie</a>, an app she cofounded that <a href="https://www.businessinsider.com/game-of-thrones-star-maisie-williams-launching-app-daisie-2018-8">launched</a> Wednesday.In 2016, Williams worked on a Netflix original film called "iBoy." On set, she met Dom Santry, a camera loader. Dom had been working in production for some time, and he got the opportunity because of his brother's godfather, a producer. "I just happened to have this one guy I could rely on to help get me my first job," Santry said. "And then on my first job, I annoyed enough people that they took me to the next job, and then on the next job I did the same." But Santry thought his struggling creative friends were even more talented than he was, which is where the frustration started to build.&#xa0;Williams felt the same way. Both knew plenty of talented artists who were hustling with day jobs or waiting tables. And they knew some who had just completely given up on their creative endeavors because nothing worked out for them after years of trying.Together, they founded <a href="https://www.daisychainproductions.com/">Daisy Chain Productions</a>, a film production company whose first film, "Stealing Silver" (which stars Williams), premieres at the Savannah Film Festival in October. After long nights of talking solutions to the biggest problem in the entertainment industry over beers in Williams' London flat, Santry came up with the idea for Daisie (a hybrid of their names).<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div>Originally conceived as a website, Santry would use his business savvy and connections to develop a place where creative people could post their work, including their process. It would be a place with no visible follower count where users could safely meet, collaborate, and give each other meaningful feedback. To make this place influential, Williams&#xa0;-&#xa0;with her years of experience, connections, and celebrity&#xa0;-&#xa0;would help spread the word, so talented users got where they needed to be, and met the people they needed to meet in order to advance their careers. Williams' connections (she is, after all, the reason why <a href="https://www.businessinsider.com/game-of-thrones-ed-sheeran-scene-was-important-for-arya-2017-7">Ed Sheeran had a cameo</a> in season 7 of "Game of Thrones"), started to prove useful months before launch. In March, she and Santry met with agents and clients at William Morris Endeavor (WME) in Los Angeles, one of the most prominent talent agencies.&#xa0;In addition to recruiting talent, Santry gathered a team to build the app (there's six people working at Daisie now, and they're all under 25), while Williams helped as much as she could on the side, mostly through FaceTime at odd hours from the "Thrones" set. In May, two months before Daisie's launch, it <a href="https://www.youtube.com/watch?v=KiNZuYHLHzs">put out a video</a> with a little help from Williams' friends including Sophie Turner (Sansa Stark on "Thrones"), called the <a href="https://www.daisie.com/100/">Daisie 100.</a>&#xa0;In the video, Daisie invited people to submit their work so it could find 100 artists to embody what the app was all about before its launch."We wanted to find 100 people who didn't have any representation, who had no foothold in any industry, but were extremely talented," Williams said. "And we wanted to bring diversity onto the app to set the tone for the standard of the work."Santry added that they made a decision to find diversity in gender, race, and the type of work: they didn't want everyone to be a singer/songwriter, or everyone to be an oil painter. "We threw an event in London and we met them all," he said. "We put them all in this room and they said how inspired they were to give another go. So many of them have had so many setbacks and so many people being like, 'You're not good enough. &#xa0;That's why you haven't made it.'"Finding female filmmakers&#xa0;- still an absurd rarity in the entertainment industry&#xa0;- was also important to Williams. "I always think about the female directors that I've worked with," she said. "Because I've worked with three or four female directors in my career and some people never even get work with one. For women, for anyone who feels underrepresented within their creative communities, I hope that this is a place where they can really prosper."Williams also views Daisie as a source for finding talent to work on future Daisy Chain Productions projects. "We have all these incredibly talented people, and we can potentially make their movies with a budget and with production value." In the coming months, Williams and Santry hope to find well-connected, influential artists such as Williams herself to represent Daisie across the industries they're less familiar with, like music, animation, and literature. And once they figure out how users interact with the app (and how often) over the next few months, they'll brainstorm monetization plans. Right now, there is no paywall.&#xa0;&#xa0;"There was this question we would always get early on," Williams said. "Like, 'So what about if someone got a career from Daisie? Do you own them? Do you get to control them? Are you the agent that gets to own them, kind of like how Simon Cowell owns everyone?' And we're like, 'No. We're all about people starting their own careers. At the moment, we want to build something which helps that. And everything else will come later. It will fall into place," she said.<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div>Williams and Santry said their dream scenario for a Daisie success story is that someone "higher up" in the industry sees work on the app, like a short film, and actually does try to turn it into something big. "People are getting sold from YouTube all the time," Williams said. "But what if there was one place where that creativity could live? It could be the home for creative and talented people to work with each other, inspire each other, and ultimately push forward with their career. That's Daisie."A lot of people have asked Williams and Santry what separates Daisie from a visual app like Instagram, where many artists show their work already. But they don't view it as the same thing, especially as true believers in collaboration. "We want this to facilitate the existing platforms," Santry said. "It's definitely not 'Daisie or Instagram?' It's Daisie and. This is the building block. You will always have a better final product than working solo. Then that can live on Instagram, or wherever, regardless." While portfolio platforms for artists online like <a href="https://www.deviantart.com/">DeviantArt</a> and <a href="https://www.behance.net/">Behance</a> push their users to share their work and communicate, Diasie is less about showing and more about doing. Both DeviantArt (which skews toward fandom art) and Behance (which skews toward graphic design) have likes, and encourage users to show their finished product. But they also emphasize what's popular on the site, which can leave some talented artists in the dark. On Daisie, popularity isn't considered. Williams and Santry want users to show their process. In doing so, they hope users ultimately can find someone on the app who thinks the same way&#xa0;- or helps them think better&#xa0;- so they can make great work together. "We want you to find your people," the app's "about" page says.For now, Daisie&#xa0;-&#xa0;which Williams calls "the social <keyword id="6354777" type="COMPANY" weightage="60" keywordseo="Media">media</keyword> for misfits"-&#xa0;is Williams' primary focus and passion. "In terms of acting, there are some wonderful roles coming up that I'm looking forward to, she said, including a play (her stage debut) in Lauren Gunderson's "I and You" in London this fall. "But I'm really looking forward to having a bit of a more normal life, and almost having a 9 to 5 working on Daisie … feeling a little bit like I have a routine, because it's something that I've really missed for a long time. It's actually quite healthy."<div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/game-of-thrones-weapons-behind-the-scenes-swords-tommy-dunne-2018-6">How 'Game of Thrones' weapons are made</a></h3> <div> </div> </div></hr>

We talked to 'Game of Thrones' star Maisie Williams about fighting nepotism in the entertainment industry with her new app

<ul class="summary-list"><li><a href="https://twitter.com/GoddessValora">Goddess Valora</a> (not her real name) is a 34-year-old foot <keyword id="10376030" type="UNKNOWN" weightage="60" keywordseo="fetish-model">fetish model</keyword> based in St. Petersburg, Florida.</li><li>In 2013, after accidentally booking a modeling gig that turned out to be a <keyword id="4315467" type="PERSON" weightage="60" keywordseo="Fetish">fetish</keyword> video shoot, Valora realized she could make a full-time income working in the industry.</li><li>Over the years, she's diversified her income by hosting fetish parties, in-person sessions with private clients, and also began webcamming. In 2019, she made over $115,000.</li><li>Valora says fetish modeling isn't for everyone, and it's not as quick of a payoff as some people may think — it takes time to build a dedicated audience and regular client base.</li><li>This is what her job is like, as told to freelance writer Jenny Powers.</li></ul>When I was a little girl growing up in Shenandoah Valley, Virginia, I wanted to be a veterinarian because I loved cats. Later, when I found out that meant I'd have to see the literal inside of a cat, I scrapped the idea. Around the age of 17 or 18, I decided I wanted to be a <keyword id="6355606" type="UNKNOWN" weightage="60" keywordseo="model">model</keyword>. At the time, I had no idea fetish modeling even existed. That all changed in 2013 when I turned 26.For almost three years, I'd been doing admin <keyword id="6355058" type="UNKNOWN" weightage="60" keywordseo="work">work</keyword> and payroll processing for a small local company that hired a mix of former convicts and active junkies to go door to door selling meat from off the back of a truck. It wasn't exactly glamorous work; however, I did manage to pick up a few modeling jobs on the side. One day, I managed to book myself a print model gig in Orlando where I'd be traveling - and to be honest, I was so excited that I scanned the contract without really reading through it. <h2>When I got to Florida and arrived for the shoot, it turned out to be for a fetish modeling video.</h2>The shoot required me and another model to put on nylons and have our legs tied down while our stockinged feet were tickled. Had I read the contract, I would've known this! It was pretty easy work and paid $150 an hour, which was the standard non-nude rate. I wound up making $300. The other model told me she did fetish modeling full-time and that I could make a career out of it. That was all I needed to hear.I went back to Virginia, quit my job, packed my bags, dumped my boyfriend, said goodbye to my family, moved to Orlando, and began trying to book myself for fetish film content. Soon, I was booking modeling work for tickle-related shoots and starting camming from a local dungeon called <a href="https://thewoodshedorlando.com/">The Woodshed Orlando</a> where I could rent space during the week when they weren't running a fetish club. There I'd earn up to $700 a night on cam. <h2>In 2017, I moved to St. Petersburg, Florida - and by the following year, I started hosting monthly foot fetish parties.</h2><div type="image" title="Goddess Valora" height="1155" width="1536" msid="79557092" hostid="261"></div>I charged customers a $60 door fee. Once inside, clients could choose between purchasing public and private foot worship sessions with one of the models. We'd usually have six to eight models and host between 10 and 15 guys at each party. Last year, I stopped hosting the parties because I realized management just isn't my thing. <h2>A lot of guys with foot fetishes think they have the strangest fetish on earth, but in reality, it's one of the most common. </h2>Trust me, I know about strange, and this isn't it. For me, it's easy work and I don't have to sacrifice a lot of myself to do it. One day, I hope to transition into mainstream acting.Before the pandemic, I also offered in-person foot worship and BDSM sessions at The Woodshed Orlando. I'd do a lot of foot-pet play sessions for $250 an hour with a two-hour minimum. During the sessions I'd collar and leash a client and walk him around, letting him worship my feet. I mostly improvised the theme. Say, right now if I was doing them, I might incorporate a Santa/Reindeer theme where I'm Santa and they are my reindeer being walked behind me. I really miss those live sessions. Pretty much everything I do is to make me laugh. I tell jokes and make the experience a lighthearted one. Read more: <a href="https://www.businessinsider.com/professional-cuddler-who-gets-paid-100-hour-2020-10">I'm a professional cuddler who gets paid up to $100 an hour for a cuddling session. Here's how I got started, and how I transitioned to video sessions during the pandemic.</a><h2>My clients are tend to be between the ages of 18 and 35, and are always men.</h2>They aren't rich. These are the type of guys that are saving up from their paychecks and treating themselves. It's a big deal for them to treat themselves to this kind of stuff. Universally, the most common foot fetishes are tied into the sight of toe wiggling and toe spreading, being smothered by feet, and foot smelling.My trade secret is the day before a session or shoot, I cover my feet in Aquaphor and leave them overnight inside a pair of socks. Aquaphor doesn't have a scent and it makes my feet very smooth. At the moment, my feet are not presentable - although the silver lining of this whole pandemic is I finally learned how to give myself a pedicure. Usually, I get professional pedicures and men pay to take care of my feet, which isn't always cheap. Some guys think a pedicure is just slapping a coat of paint on my toes, but really it's so much more. I used to skimp and get the dirt cheap, no-frills pedicures for $25 because I wanted my profits to be greater than my costs, but then I started springing for monthly gel pedicures which last longer and cost a bit more. Before the pandemic, I started really spoiling myself with CBD/hot stone pedicures where they even rub your feet with orange slices. After all, my size 7.5 feet are like the Dom Perignon of feet, not Walmart feet. These days, I divide my time between shooting clips, photos, and doing cam for about two hours every other day, and editing my content. I've never been one to rely on making money through one revenue stream because I think it sets you up for failure. When COVID-19 hit, I was already earning money in a variety of ways, which helped buffer the fact I had to stay at home. I am definitely doing more camming now, and my earnings have increased this year. <h2>Last year, I hit the six-figure mark for the first time and this year I hit it sooner since I was camming more from home. </h2>I feel like I managed to squeeze in the door before market saturation, but for those interested in getting into the business now, I say ask yourself if you're in it for fast money or a career.If it's quick cash, you're going to be disappointed, because it takes time to build your audience and client base. If you're serious about making a career out of it, it's worth it to seek out someone who can guide you and help you plot out your career. <a href="https://www.businessinsider.com/phone-sex-operator-job-diary-working-during-pandemic-2020-8">Amberly Rothfield</a> is a great example of someone you can consult who knows the business inside and out. Read more: <a href="https://www.businessinsider.com/job-diary-dating-app-profile-ghostwriter-helps-clients-online-2020-11">I charge clients up to $2,500 a month to ghostwrite their dating profiles and connect with potential matches. Here's my advice for perfecting your dating profile, and why I never message people on the weekends.</a><h2>To be a fetish model, you need to have strong customer service skills and realize that for most of your clients, you're their secret. </h2>Many of them will be demanding and selfish, which is ironic considering the whole foot fetish is typically based on submission. During in-person sessions a lot of these guys are shy, but on the computer, some just view you as a one-dimensional character and don't take into consideration that you are a real human being, which can be pretty dehumanizing.You also need to continue to set your sights higher and not put your blinders on and get complacent. When I started, my goal was to get in front of as many eyeballs as possible through as many vehicles as I could, and it's worked well for me.Everyone in my life knows what I do for a living; however, I don't go into vivid details with my parents. All I know is I'm the only kid from my town who still doesn't live at home with my parents. I own my own home and have zero debt, so there's something to be said for that. What can I say? My feet took me on a journey I never expected.

I'm a foot fetish model who made over $115,000 last year. It takes a lot more than just pretty feet to make it in my industry - here's how I've built a steady income and client base.

<ul class="summary-list"><li>British billionaire David Sullivan has cut the price of his London mansion by about $13 million.</li><li>The businessman, who owns the West Ham United soccer club, said he is taking a loss on the property.</li></ul>British <a target="_blank" class="" href="https://www.businessinsider.com/category/billionaires">billionaire</a> David Sullivan has cut the price of his London mansion to £65 million (about $85 million), knocking about $13 million off of the previous asking price.Sullivan, an owner of the east London-based soccer club West Ham United, told <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-10-03/west-ham-united-owner-cuts-london-mansion-price-by-10-million">Bloomberg</a> that while he would now be selling the property for a loss, "you have to be realistic."<div type="image" title="A living area in the house." height="6191" width="8199" msid="113991316" hostid="261" sizebytes="1760512"></div>"Interest rates are high — they're coming down but not much," Sullivan said."I also think what the government is doing to the non-doms isn't very nice, and a lot of rich people are leaving the country as a result of what they anticipate in the budget. Three or four of my friends already have gone to Monaco or Dubai," he added.<div type="image" title="A meeting/dining room in the house." height="4480" width="6720" msid="113991310" hostid="261" sizebytes="1286418"></div>Sullivan, 75, was referring to planned changes to government policy that would remove certain tax advantages for wealthy UK residents whose permanent home — for tax reasons — is outside the UK.The proposed changes have led to uncertainty in the market, according to real-estate firm Knight Frank, with London's "super-prime market" seeing 22% fewer transactions in the 12 months to July compared to the year prior.And that's not ideal for Sullivan, who told Bloomberg he spent about £75 million (about $98 million) on his Marylebone property — £27 million (about $35 million) to buy the house in 2015 and almost £50 million (roughly $65 million) refurbishing it.<div type="image" title="A wine cellar in the property." height="4480" width="6720" msid="113991305" hostid="261" sizebytes="2075738"></div>According to Knight Frank, the 21,000-square-foot house at 33 Portland Place was built in 1775. It features 10 bedrooms, 10 bathrooms, a swimming pool, a wine cellar, a cinema room, a sauna, and a "sky lounge."One of the property's former owners, Edward Davenport, was convicted of a multimillion-pound fraud in 2011. He was released in 2014 after he was granted clemency on the grounds of ill health, <a target="_blank" class="" href="https://www.theguardian.com/uk-news/2015/may/20/fraudster-edward-davenport-sells-mansion-settle-13m-court-orders">the Guardian</a> reported.<div type="image" title="The house." height="1921" width="2561" msid="113991321" hostid="261" sizebytes="558170"></div>Under Davenport's ownership, the house hosted several famous guests and was famed for holding raucous parties.Supermodel Kate Moss once shot a campaign for Agent Provocateur on the property, while British music icon Amy Winehouse used it as the set for her "Rehab" music video. It was also used to film scenes for the Oscar-winning film "The King's Speech."<div type="image" title="A living area in the house." height="4379" width="6568" msid="113991318" hostid="261" sizebytes="1155658"></div>Davenport's website shows photos of him posing with various celebrities, from Paris Hilton to Daniel Radcliffe. One photo also shows him with Sullivan.Davenport <a target="_blank" class="" href="https://www.theguardian.com/uk-news/2015/may/20/fraudster-edward-davenport-sells-mansion-settle-13m-court-orders">purchased</a> the house from the Sierra Leone High Commission in 1999.<h2 id="61b8db58-ad1f-444e-b375-c69774aff86f">Who is David Sullivan?</h2><div type="image" title="David Sullivan." height="512" width="683" msid="113991308" hostid="261" sizebytes="18814"></div>Sullivan is worth about £1.2 billion (roughly $1.6 billion), according to The Sunday Times Rich List.The 75-year-old first made his money in the adult entertainment industry before moving into media, owning the Daily Sport and Sunday Sport newspapers.Speaking to <a target="_blank" class="" href="https://www.thetimes.com/article/sullivan-proud-of-his-record-as-true-blue-k5l5qw9dph0">The Times of London</a> about his career in 2006, Sullivan said: "I always had a burning desire to be fabulously rich because I came from a fabulously poor background.""I am not embarrassed by what I have done," he added. "I am not one of those people who tells the neighbours I'm in the print business. I'm in the adult entertainment industry and I have met some lovely girls and made a lot of money. I have given an awful lot of people a lot of pleasure and I have never hurt anyone."

British billionaire slashes the price of his London mansion by $13 million, saying the rich are fleeing the UK. See inside the storied property.

<ul class="summary-list"><li>Bernard Arnault has gone from the world's wealthiest person to being on the brink of dropping to fifth.</li><li>The LVMH CEO's net worth has tanked by $54 billion from its March peak, and $30 billion so far this year.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/who-is-bernard-arnault-owner-louis-vuitton-lvmh-net-worth">Bernard Arnault</a> was the richest person on the planet <a target="_blank" class="" href="https://www.businessinsider.com/bernard-arnault-lvmh-worlds-richest-person-overtakes-jeff-bezos-2024-3">six months ago</a>; now he's flirting with fifth place.Arnault is the founder and CEO of LVMH Moët Hennessy Louis Vuitton, the French luxury goods behemoth. In late March, he was worth an estimated $231 billion, ranking him ahead of Tesla CEO <a target="_blank" class="" href="https://www.businessinsider.com/tesla-ceo-elon-musk">Elon Musk</a> and Amazon founder <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-life-career-education">Jeff Bezos</a> at the top of the Bloomberg Billionaires Index.The fashion tycoon's fortune has shrunk by $54 billion since then to $177 billion at Wednesday's close. That places him fourth and only $1 billion ahead of Oracle cofounder <a target="_blank" class="" href="https://www.businessinsider.com/larry-ellison-oracle-wealth-tesla-stock-billionaires-rich-list-ai-2024-9">Larry Ellison</a> in fifth.Arnault's net worth has tanked by $30 billion this year, making him the biggest wealth loser among the 500 individuals on Bloomberg's list. He's also the only person among the 18 richest people who's in the red for 2024; the others have all gained at least $14 billion and as much as <a target="_blank" class="" href="https://www.businessinsider.com/mark-zuckerberg-meta-net-worth-wealth-rich-list-musk-bezos-2024-9">$63 billion</a>.Forbes' wealth rankings tell a similar story: Arnault has gone from first place with a $233 billion net worth on March 8, to fifth with a $175 billion fortune behind Musk, Bezos, Ellison, and Meta CEO <a target="_blank" class="" href="https://www.businessinsider.com/mark-zuckerberg">Mark Zuckerberg</a>.The wealth hit for the "Wolf in Cashmere" reflects a 16% slump in LVMH's stock price to its lowest level in two years. Arnault owns about 48% of the luxury conglomerate, which houses around 75 brands, including Tiffany &amp; Co., Louis Vuitton, Dom Perignon, and Sephora.LVMH shares have been hit by the company's troubles. It struggled in the first half of this year with underlying revenues inching up only 2%, and income from recurring operations sliding 8%. Underlying profits tanked 26% in the Wines &amp; Spirits business, 19% in Watches &amp; Jewelry, and 6% in the key Fashion &amp; Leather Goods segment.Arnault also warned of a "climate of economic and geopolitical uncertainty" in the earnings release. Meanwhile, Bloomberg reported last month that Sephora was slashing its 4,000-strong workforce in China by 10% to weather a <a target="_blank" class="" href="https://www.businessinsider.com/luxury-sales-plummet-china-consumers-cut-back-spending-earnings-kering-2024-7">challenging local market</a>.The luxury industry <a target="_blank" class="" href="https://www.businessinsider.com/luxury-goods-sales-slow-clothes-shoes-china-bain-company-travel-2024-6">boomed</a> after the pandemic as travel resumed and pent-up shopping demand was released. But it has <a target="_blank" class="" href="https://www.businessinsider.com/bernard-arnault-wealth-slumps-lvmh-retail-luxury-boom-falters-rich-2024-7">struggled</a> more recently as historic inflation, steeper interest rates, and recession fears have tempered demand even among wealthy consumers.

LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout

<ul class="summary-list"><li>LVMH's Champagne shipments were down 15% in the first six months of the year, compared with 2023.</li><li>CFO Jean-Jacques Guiony theorized that consumers aren't happy enough to celebrate with Champagne.</li></ul>LVMH is having Champagne problems. Chief financial officer Jean-Jacques Guiony thinks it could come from fewer celebrations for people to pop the bottle.The company sold 15% fewer Champagne bottles in the first half of the year, compared to the same period last year, per LVMH's Tuesday earnings report. Meanwhile, still and sparkling wine sales were up 16%.The luxury giant reported on Tuesday that it generated 1.4 billion euros, or about $1.5 billion, in revenue for Champagne and wines during the first half of 2024, a 12% decline from last year. The company does not break out specific revenue for Champagne.Guiony said on Tuesday's earnings call that the broader Champagne industry has seen weak demand, particularly in Europe."Champagne is quite linked with celebration, happiness, et cetera," he said. "Maybe the current global situation, be it geopolitical or macroeconomic, does not lead people to cheer up and to open bottles of Champagne. I don't really know."The world's largest Champagne maker, LVMH's brands include Dom Pérignon, Krug, Ruinart, Veuve Clicquot, and Mercier.Wine and spirits' 3.2 billion euros in revenue accounted for about 7% of <a target="_blank" class="" href="https://www.businessinsider.com/lvmh-earnings-china-luxury-consumer-spending-marketing-shopping-japan-currency-2024-7">LVMH's overall revenue</a> in the first half of the year.<h2 id="0fa06c59-6c51-422b-b0ba-ddcfd7229329">Demand started softening last year</h2>This year's drop in Champagne sales continued the post-pandemic sales softness that LVMH reported last year, when sales dipped slightly from 2022. The French — who drink the most Champagne — consumed less of it, but LVMH saw high-end demand at European beaches and Parisian restaurants, Moët Hennessy CEO Philippe Schaus <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-09-17/champagne-demand-softens-after-post-covid-boom-years-lvmh-says">told Bloomberg</a> in September.In 2021, <a target="_blank" href="https://www.businessinsider.com/champagne-sales-record-highs-us-demand-soars-after-covid-lockdown-2022-2">Champagne sales</a> globally spiked 14% from pre-COVID records, hitting a peak of $5.7 billion following a wave of post-pandemic celebrations, per industry group Union des Maisons de Champagne.During the first half of this year, Champagne shipments decreased by 15.2% compared to 2023, a decline attributed to economic uncertainty and inflation affecting consumer spending, said David Chatillon, chairman of the Champagne Houses lobby, in a statement earlier this week.Disruptions to the Russian and Ukrainian Champagne trade resulted in the loss of billions of dollars of Champagne sales, Pau Roca, director general of the International Organization of Vine and Wine, told <a target="_blank" href="https://www.reuters.com/business/retail-consumer/climate-change-russia-ukraine-war-hit-global-wine-industryoiv-2022-11-03/">Reuters</a> in 2022.Poor weather conditions in Europe have also resulted in the loss of grapes — Champagne's essential ingredient — <a target="_blank" href="https://www.reuters.com/markets/commodities/champagne-makers-call-reduced-grape-harvest-after-15-drop-sales-2024-07-19/">Reuters</a> reported last week.Wines might fare slightly better in the coming months due to "the existence of economic cycles courtesy of Central Bank's accommodative policies," said Guiony on Tuesday. This comes as consumer confidence in Europe rose<a target="_blank" href="https://markets.businessinsider.com/news/interestrates/eurozone-consumer-confidence-improves-for-6th-month-1033583926"> for a sixth consecutive month</a>, as consumers anticipate a rate cut in September.

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I'm a foot fetish model who made over $115,000 last year. It takes a lot more than just pretty feet to make it in my industry - here's how I've built a steady income and client base.

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British billionaire slashes the price of his London mansion by $13 million, saying the rich are fleeing the UK. See inside the storied property.

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LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout

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Champagne sales are tanking. An LVMH exec thinks people aren't happy enough to pop bottles.

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