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The <keyword id="19895371" type="General" weightage="20" keywordseo="Congress" source="keywords" meta.keywordsubtype="org" meta.entityname="Congress" meta.hostid="261" meta.entityid="Congress">Congress</keyword> on Thursday latched on to a new rich list to attack the Centre, alleging that Prime Minister Narendra Modi's "<keyword id="21027901" type="General" weightage="100" keywordseo="billionaire-raj" source="keywords">billionaire raj</keyword>" is more unequal than even the <keyword id="20034027" type="General" weightage="20" keywordseo="British-Raj" source="keywords">British Raj</keyword> and it is also the cornerstone of the government's <keyword id="22965777" type="General" weightage="20" keywordseo="economic-policy-making" source="keywords">economic policy-making</keyword>. Congress general secretary in-charge communications <keyword id="20035989" type="General" weightage="20" keywordseo="Jairam-Ramesh" source="keywords">Jairam Ramesh</keyword> shared on X a media report which cited the <keyword id="21075617" type="General" weightage="20" keywordseo="Hurun-India-Rich-List" source="keywords">Hurun India Rich List</keyword> to state that India created a new billionaire every five days throughout 2023. "India has had one billionaire for every five days in 2023, and the non-biological Prime Minister's closest friend is the foremost among them all," Ramesh said on X. "Modi's Billionaire Raj is more unequal than even the British Raj. But it is also the cornerstone of the government's economic policy-making," he alleged. This is why, at a time when countries across the world are coalescing around the idea of a global billionaire tax, the Indian government has been conspicuously silent and continues to remain blind to rapidly increasing economic inequalities, Ramesh said. Recouping the dent caused by the <keyword id="20016892" type="General" weightage="20" keywordseo="Hindenburg-Research" source="keywords" meta.keywordsubtype="org" meta.entityname="Hindenburg Research" meta.hostid="261" meta.entityid="Hindenburg Research">Hindenburg Research</keyword> report, <keyword id="19929098" type="General" weightage="20" keywordseo="Gautam-Adani" source="keywords">Gautam Adani</keyword>'s networth shot up 95 per cent to Rs 11.6 lakh crore last year, which helped him replace <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword> to become the richest Indian, according to the 2024 Hurun India Rich List. Reliance Industries Chairman and Managing Director Ambani's overall networth increased by 25 per cent to Rs 10.14 lakh crore, as per the Hurun list. In 2023's report, Adani's wealth declined by 57 per cent to Rs 4.74 lakh crore, and Ambani was way ahead with a fortune of Rs 8.08 lakh crore. It can be noted that Adani's networth declined sharply following various allegations levelled by US-based short seller Hindenburg Research. The conglomerate has denied all the allegations. In the 2014 edition, Hurun had pegged Adani's fortunes at Rs 44,000 crore, which made him the tenth richest Indian then.

PM Modi's 'Billionaire Raj' more unequal than even British Raj: Congress

<keyword id="19895142" type="General" weightage="100" keywordseo="Shah-Rukh-Khan" source="keywords">Shah Rukh Khan</keyword>, widely known as the "King of <keyword id="19897820" type="General" weightage="20" keywordseo="Bollywood" source="keywords">Bollywood</keyword>," has officially joined the ranks of India’s wealthiest, debuting on the 2024 <keyword id="21075617" type="General" weightage="20" keywordseo="Hurun-India-Rich-List" source="keywords">Hurun India Rich List</keyword> with an impressive wealth of Rs 7,300 crores. But how did a Delhi boy with dreams of making it big in Mumbai become one of India’s richest individuals? Let’s dive into the ventures that propelled King Khan into the billionaires' club. <h3 style="line-height:1.2;margin-top:14pt;margin-bottom:4pt;"><keyword id="20033371" type="General" weightage="20" keywordseo="Red-Chillies-Entertainment" source="keywords" meta.keywordsubtype="org" meta.entityname="Red Chillies Entertainment" meta.hostid="261" meta.entityid="Red Chillies Entertainment">Red Chillies Entertainment</keyword></h3>Shah Rukh Khan’s production company, Red Chillies Entertainment, has been a significant contributor to his wealth. Founded in 2002, Red Chillies has become a key player in Bollywood, producing blockbuster films and investing in high-quality visual effects. From chart-topping films like Chennai Express and Raees to the massive success of Pathaan in 2023, Red Chillies has consistently delivered box office hits. <div type="Article" hostid="261" msid="112412196" title="&amp;#39;Deadpool &amp;amp; Wolverine&amp;#39; screenwriters reveal secrets and spoilers, including the movie&amp;#39;s original villain and who wrote that Hugh Jackman divorce joke" mstype="2" mssubtype="0"></div>With an estimated revenue consistently in the hundreds of crores and a profit of Rs 85 crores last year, the company has not only cemented SRK’s position as a top actor but also as a successful producer. Furthermore, the company’s VFX division, Red Chillies VFX, has set new benchmarks in the <keyword id="20161413" type="General" weightage="20" keywordseo="Indian-film-industry" source="keywords">Indian film industry</keyword>, working on major projects that have earned critical and commercial acclaim, such as Ra.One, Fan, and Laal Singh Chaddha. These ventures have significantly bolstered SRK’s wealth, making Red Chillies Entertainment a cornerstone of his business empire. <h3 style="line-height:1.2;margin-top:14pt;margin-bottom:4pt;"><keyword id="19899758" type="General" weightage="20" keywordseo="Kolkata-Knight-Riders" source="keywords" meta.keywordsubtype="org" meta.entityname="Kolkata Knight Riders" meta.hostid="261" meta.entityid="Kolkata Knight Riders">Kolkata Knight Riders</keyword></h3>Shah Rukh Khan’s entry into the sports business with the IPL franchise Kolkata Knight Riders (KKR) has been a masterstroke. Co-owned by SRK, Juhi Chawla, and Jay Mehta, KKR has become one of the most successful and profitable franchises not just in the Indian Premier League, but also in the sporting world. The team’s consistent performance on the field has been matched by its financial success off it, with KKR’s brand value rising steadily over the years. As per Forbes, the cricket team was valued at over $1 billion in 2022. This surge in valuation played a crucial role in boosting SRK’s wealth, contributing significantly to his fortune. The success of KKR, coupled with its passionate fan base and strong marketing, has made it a jewel in SRK’s business portfolio, further solidifying his status as a businessman. <h3 style="line-height:1.2;margin-top:14pt;margin-bottom:4pt;">Brand SRK: The most followed Indian on social media</h3>More than just a business mogul, Shah Rukh Khan is also a brand unto himself. With 44.1 million followers on Twitter, SRK is the most followed individual from the 2024 Hurun India Rich List on Indian social media. His massive <keyword id="20462299" type="General" weightage="20" keywordseo="social-media-presence" source="keywords">social media presence</keyword> has translated into lucrative endorsement deals and collaborations with global brands. <div type="Article" hostid="261" msid="112249289" title="One of Singapore&amp;#39;s flashiest CEOs was planning to throw a Tomorrowland-style party for the books. Then the mirage started to fall apart." mstype="2" mssubtype="0"></div>Consistently being one of the most visible endorsers, SRK earns substantially from <keyword id="20004407" type="General" weightage="20" keywordseo="brand-endorsements" source="keywords">brand endorsements</keyword>, with an estimated fee of Rs 4-5 crores per endorsement. His portfolio includes major brands like Hyundai, Dubai Tourism, and BYJU'S, further adding to his immense wealth. His ability to leverage his celebrity status into profitable business ventures has undoubtedly been a key factor in his <keyword id="21015152" type="General" weightage="20" keywordseo="wealth-accumulation" source="keywords">wealth accumulation</keyword>. <h3 style="line-height:1.2;margin-top:14pt;margin-bottom:4pt;">Real estate</h3>Real estate has always been a key component of wealth building, and Shah Rukh Khan is no exception. Shah Rukh Khan’s <keyword id="22962036" type="General" weightage="20" keywordseo="real-estate-ventures" source="keywords">real estate ventures</keyword> extend far beyond his iconic Mumbai residence, Mannat. One of his lesser-known yet highly lucrative ventures is in Dubai, where he and his wife Gauri Khan launched a luxurious beachfront residential project, the "SRK Boulevard," located in the posh Dana Islands. This mega project, worth over Rs 18,000 crore, features 10 residential buildings with high-end facilities, including marine sports and leisure amenities. Designed by Los Angeles architect Tony Ashai, with interiors by Gauri Khan, this project highlights SRK’s foray into international real estate <h3>And of course, films</h3>Shah Rukh Khan’s earnings from films and endorsements are a significant part of his wealth. Known as one of the highest-paid actors in India, SRK reportedly charges over Rs 100 crores per film. This is certainly no small amount, but it is unlikely that filmmakers will find fault with it, considering how his films regularly break box office records. As per IMdB, both 2023 films Jawan and Pathaan grossed over Rs 1000 crores worldwide. All in all, King Khan’s entry into the Hurun India Rich List is significant not just for him, but for the entire entertainment industry. SRK’s success reflects the growing financial clout of Indian film stars and the increasing importance of entertainment in wealth creation. In 2024 alone, Hurun India Rich Listers from the entertainment industry added Rs 40,500 crores to their wealth, with SRK leading the charge. This trend highlights the expanding influence of Bollywood and the entertainment sector in India’s broader economic landscape.

Baadshah of Bollywood Shah Rukh Khan debuts on India's richest list with Rs 7,300 cr — here's how the King made his wealth

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Welcome back to our Saturday edition! Studies suggest hyperbaric oxygen therapy, the latest anti-aging treatment, could have mental and physical benefits. But <a target="_blank" href="https://www.businessinsider.com/simple-longevity-basics-to-try-before-treatments-top-longevity-doctor-2024-10">one doctor suggested some free alternatives</a> to try first.On the agenda:<ul><li>Gen Z's new side hustle: <a target="_blank" href="https://www.businessinsider.com/gen-z-new-side-hustle-getting-rich-airbnb-super-hosts-2024-10">Getting rich off Airbnb</a>.</li><li>How Wall Street's movers and shakers <a target="_blank" href="https://www.businessinsider.com/wall-street-status-symbols-quiet-luxury-hamptons-office-sneakers">spend their money</a>.</li><li>Basel, Switzerland is <a target="_blank" href="https://www.businessinsider.com/basel-switzerland-ideal-base-for-visiting-france-germany-2024-10">the perfect base to explore Europe</a>.</li><li>America is getting hammered on a <a target="_blank" href="https://www.businessinsider.com/hard-seltzer-canned-cocktail-high-abv-beer-alcohol-drinks-2024-10">"healthy" alternative to beer</a>.</li></ul>But first: Cuffing is on the agenda.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today-sunday-edition">sign up here</a>. Download Insider's app <a target="_blank" rel="" href="https://www.insider.com/app">here.</a><h3 id="2d2d81c1-e984-4ab1-b11e-26ada0d3da0b">This week's dispatch</h3><div type="image" title="Jenna Fischer as Pam Beesly and John Krasinski as Jim Halpert talking at a desk" height="1907" width="3000" msid="113964549" hostid="261" sizebytes="414758"></div><h2 id="4e74b520-088d-4dbc-8011-5a6ff237f9f0">Would you date your coworker?</h2>Cuffing season — y'know, the time of year when it seems everyone is down to date more seriously — is upon us. And despite the many landmines to navigate dating successfully in the office, many will see someone at work who <a target="_blank" href="https://www.businessinsider.com/office-romance-secret-years-now-married-2024-2">catches their eye</a>.To successfully "<a target="_blank" href="https://www.businessinsider.com/dating-apps-find-love-romance-online-tinder-match-total-scam-2024-10">swipe right</a>" in the office, <a target="_blank" href="https://www.businessinsider.com/rules-of-dating-a-coworker-according-to-hr-experts-2024-10">there are some rules you should follow</a>, according to two human resource professionals who spoke to Business Insider's Jordan Hart.HR consultant Cheryl Swirnow said to ensure that both people "can maintain professionalism and navigate any potential challenges that arise." HR specialist Christopher Sheekey added to "take extra care to follow all workplace policies" — especially if you're dating a direct report.Based on their advice, BI compiled best practices to <a target="_blank" href="https://www.businessinsider.com/rules-of-dating-a-coworker-according-to-hr-experts-2024-10">keep your relationship out of HR's office</a>. Minimize PDA, leave the relationship drama at home, and never badmouth your ex to coworkers.Good luck, lovers.<h2 id="cc30e20d-acf4-4a4e-ad8f-02c3a04a9dbb">Airbnb arbitrage</h2>Gen Z has a new side hustle: Airbnb superhosting. On TikTok and Instagram, precocious twenty-somethings not-so-humbly brag about subletting their rentals, claiming to make hundreds of thousands of dollars a year.Like modern incarnations of Dave Ramsey, they're also selling pricey courses promising to show you how to quit your job and get rich like them. Critics — and in some cases, the law — be damned.<a target="_blank" href="https://www.businessinsider.com/gen-z-new-side-hustle-getting-rich-airbnb-super-hosts-2024-10">Hey Airbnb, welcome to my crib</a>.<h2 id="f3efdf5d-fcfc-4813-9e6c-8e3b9040c25d">Wall Street's favorite trends</h2><div type="image" title="Photo collage of popular luxury items for Wall Streeters" height="1500" width="2000" msid="113964541" hostid="261" sizebytes="262060"></div>With bonus season nearly upon us, BI took to the Street to find out how insiders spend their money. Trends vary by seniority, but there's one thing they all agree on: Loud luxury and logo-forward fashion are out.Instead, finance's movers and shakers are splashing out on posh sporting events, home organizers, and handcrafted jewelry — among other things.<a target="_blank" href="https://www.businessinsider.com/wall-street-status-symbols-quiet-luxury-hamptons-office-sneakers">See their top picks</a>.<h2 id="4e812ecf-a060-401e-9848-be206a63cddb">Six days in Basel</h2><div type="image" title="The banks of the Rhine River in Basel, Switzerland." height="1365" width="2048" msid="113964555" hostid="261" sizebytes="325818"></div>Basel, Switzerland is a traveler's dream. The streets are lined with medieval buildings, window displays are filled with Swiss delicacies, and historic art is around every corner.The city is also located where Switzerland, France, and Germany converge, making it a convenient location for travel. BI's reporter spent a few days in Basel, and fell in love with the area's stunning nature and all its neighboring towns.<a target="_blank" href="https://www.businessinsider.com/basel-switzerland-ideal-base-for-visiting-france-germany-2024-10">Why the Swiss town is worth a trip</a>.<h2 id="483172dd-9e06-415f-8357-1bdb6f813f7b">The canned booze revolution</h2><div type="image" title="Photo collage of Man drinking from two canned cocktails with mini umbrellas" height="1500" width="2000" msid="113964546" hostid="261" sizebytes="156996"></div>Canned booze is far from a new concept. On-the-go beverages like Mike's Hard Lemonade and White Claw have been around for a while and contain an ABV similar to beer: 4% to 6%.But since the pandemic, the trend has gotten more popular and boozier. Now, you can pick up a pack of canned negronis or a supercharged version of a hard seltzer on your way to the park. Just make sure to double check the ABV first — or be prepared to face the consequences.<a target="_blank" href="https://www.businessinsider.com/hard-seltzer-canned-cocktail-high-abv-beer-alcohol-drinks-2024-10">What's got Americans buzzing</a>.<h2 id="5fef756b-4b6b-4037-8f33-9635854b9d8b">What we're watching this weekend</h2><div type="image" title="Image from Love Is Blind in TV" height="1500" width="2000" msid="113964538" hostid="261" sizebytes="313768"></div><ul><li>"Love Is Blind": Season 7 of the Netflix hit, this time following Washington, DC singles looking for marriage in the pods, premiered this week.</li><li>"Salem's Lot": The long-delayed Stephen King adaptation is finally coming to Max.</li><li>"V/H/S/Beyond": Now streaming on Shudder, the latest installment in the prolific franchise features six found-footage sci-fi stories, including one written by horror maestro Mike Flanagan and directed by his wife Kate Siegel.</li></ul><a target="_blank" href="https://www.businessinsider.com/best-shows-movies-streaming-netflix-max-shudder-october-4-24">See the full list</a><div type="image" title="A red shopping bag surrounded by $100 bills." height="1500" width="2000" msid="113964559" hostid="261" sizebytes="244828"></div><h2 id="a09a70ef-5e7e-4bf4-80b2-3731f70bdc6e">Deals we love</h2><ul><li>Boots designed with comfort in mind: You don't have to sacrifice style to save your feet. We tested dozens of boots to find <a target="_blank" href="https://businessinsider.com/guides/style/most-comfortable-boots-women">the most comfortable pairs</a>, including lace-ups, ankle booties, and more.</li><li>Can't wait for Black Friday?: Amazon's second Prime Day of the year kicks off on Tuesday. <a target="_blank" href="https://www.businessinsider.com/guides/deals/early-amazon-prime-day-deals">Here's what you need to know about the Prime Big Deal Days</a> and the best early deals you can shop now.</li><li>Pocket-friendly wallets that'll last: Looking for a wallet with a tight form factor and space-efficient organization? We found the <a target="_blank" href="https://www.businessinsider.com/guides/style/best-wallet-men">best wallets for every type of user</a>, whether you prefer minimalist money clips or RFID protection.</li></ul><h2 id="3a2e4b99-8063-4f80-8653-d1ec4a2af89a">More of this week's top reads:</h2><ul><li>Five signs you have <a target="_blank" href="https://www.businessinsider.com/signs-you-have-eldest-daughter-syndrome-2024-9">eldest-daughter syndrome</a>.</li><li>Gen Z found a home in Asheville. <a target="_blank" href="https://www.businessinsider.com/hurricane-helene-destroyed-asheville-genz-residents-rebuild-climate-safe-haven-2024-10">Hurricane Helene swept it away</a>.</li><li>Bryan Johnson's Don't Die Summit was <a target="_blank" href="https://www.businessinsider.com/inside-bryan-johnson-dont-die-summit-singapore-longevity-health-biohacking-2024-10">filled with raves and blood testing</a>.</li></ul><ul><li>How a couple got on <a target="_blank" href="https://www.businessinsider.com/husband-solve-our-money-disagreements-with-total-transparency-2024-10">the same page about finances</a>.</li></ul><ul><li>The best places in Europe <a target="_blank" href="https://www.businessinsider.com/best-places-to-go-in-europe-travel-planner-favorite-destinations-2024-10">that aren't Rome or Paris</a>.</li><li>Millennials who don't want kids <a target="_blank" href="https://www.businessinsider.com/child-free-millennials-dont-want-kids-to-hamper-travel-life-2024-9">quit their jobs to travel for six months</a>.</li><li>CEOs, sports stars, and epic side-questers: <a target="_blank" href="https://www.businessinsider.com/nepo-baby-types-billionaire-children-heirs-influencers-sports-2024-9">The beginner's guide to nepo babies</a>.</li><li>How Prada is beating the odds and <a target="_blank" href="https://www.businessinsider.com/prada-miu-miu-stock-beating-luxury-slump-lvmh-kering-2024">bucking the luxury slump</a>.</li><li>The women of "The Price is Right" brought down Bob Barker — <a target="_blank" href="https://www.businessinsider.com/price-is-right-bob-barker-models-sexual-harrassment-me-too-2024-9">and paved the way for #MeToo</a>.</li><li>A mom only teaches her kids things <a target="_blank" href="https://www.businessinsider.com/parenting-style-only-teach-children-when-interested-2024-9">when they show an interest in the task</a>.</li><li>This veteran actor has worked with Brad Pitt and Quentin Tarantino. <a target="_blank" href="https://www.businessinsider.com/scoot-mcnairy-movies-tv-shows-argo-killing-them-softly-nightbitch-2024-9">He still worries he'll never work again</a>.</li></ul>The Insider Today team: <a target="_blank" href="https://www.businessinsider.com/author/dan-defrancesco">Dan DeFrancesco</a>, deputy editor and anchor, in New York City. <a target="_blank" class="" href="https://www.businessinsider.com/author/jordan-parker-erb">Jordan Parker Erb</a>, editor, in New York. <a target="_blank" href="https://www.businessinsider.com/author/lisa-ryan">Lisa Ryan</a>, executive editor, in New York. <a target="_blank" class="" href="https://www.businessinsider.com/author/amanda-yen">Amanda Yen</a>, fellow, in New York. Grace Lett, editor, in Chicago.

Insider Today: Getting rich off Airbnb

<ul class="summary-list"><li>The Orient Express is preparing for its first launch in decades — a luxury sleeper train in Italy.</li><li>Dubbed La Dolce Vita, the new Orient Express trains will start operating in Spring 2025.</li></ul>There's an old saying that goes, one person's loss is another's gain — and the same can be said for industries.As <a target="_blank" class="" href="https://www.businessinsider.com/lvmh-luxury-louis-vuitton-struggles-china-slowdown-2024">luxury brands</a> struggle amid a downturn fueled by dwindling demand in regions like China, another luxury sector is thriving: travel.Brought to a standstill during the COVID-19 pandemic, as demand for luxury brands was nearing an all-time high, <a target="_blank" class="" href="https://www.businessinsider.com/secrets-for-traveling-like-rich-from-luxury-travel-planner">luxury travel</a> is on the up and up as wealthy and aspirational consumers prioritize experiences over goods.The good times are expected to continue as McKinsey &amp; Company analysis estimates that global spending on luxury leisure hospitality will grow to $391 billion in 2028, a 10% jump from 2023."People are going overseas, and much more experiences are open to them," Amrita Banta, managing director of luxury insights firm Agility Research &amp; Strategy, told Business Insider. Ultra-high-net-worth Chinese consumers have also caught the travel bug, she said, and are increasingly spending in other countries like Singapore, Thailand, and <a target="_blank" class="" href="https://www.businessinsider.com/japanese-shoppers-being-less-frugal-good-news-for-luxury-industry-2024-11">Japan</a>.Travel agent Julia Carter, founder of the luxury travel agency Craft Travel, said unique experiences are higher on the priority list of wealthy vacationers than ever."People want things that are curated to them," Carter said. "They don't want cookie-cutter experiences, they don't want to go somewhere where everything feels like it could be AI-generated."<a target="_blank" class="" href="https://www.businessinsider.com/whats-behind-china-luxury-goods-slowdown-economy-changing-consumer-tastes-2024-10">This shift in consumer spending habits may be hurting luxury brands</a>, but it's a means for <a target="_blank" class="" href="https://www.businessinsider.com/surprises-luxury-overnight-train-venice-simplon-orient-express-2024-2">the Orient Express</a>, a once-defunct train service, to stage a comeback.<h2 id="d492a318-13a1-4cf2-a916-545ad301795f">Back from the dead</h2>Launched 140 years ago by Belgian engineer Georges Nagelmackers, the Orient Express was a luxury sleeper that, at its peak, had trains running from Paris to Istanbul.The brand became so embedded in popular culture that it inspired Agatha Christie novels and, in recent years, <a target="_blank" class="" href="https://www.businessinsider.com/thor-ragnarok-orient-express-daddys-home-2-box-office-2017-11">Hollywood movies</a> starring <a target="_blank" class="" href="https://www.businessinsider.com/judi-dench-impossible-to-learn-lines-vision-loss-2023-2">Dame Judi Dench</a> and Kenneth Branagh.As the draw of slow train travel gave way to speedier options like planes and high-speed railways, Orient Express's golden era ended. It made its last direct trip between Paris and Istanbul in 1977 before a brief revival with pared-back service in the early 1980s.<div type="image" title="An Orient Express advertisement" height="3300" width="4613" msid="114980196" hostid="261" sizebytes="912570"></div>That was pretty much the end of the line for the Orient Express — until now.In partnership with Italian luxury hospitality group Arsenale, the Orient Express is poised for a comeback, opening two new hotels in Italy and six brand-new luxury sleeper trains dubbed La Dolce Vita.From spring 2025, La Dolce Vita trains, which accommodate up to 62 passengers in deluxe and suite cabins, will run across 10,000 miles of track around 14 regions of Italy, including Sicily.Ticket prices start at 3,500 euros ($3,800) for a one-night itinerary in a deluxe cabin.<h2 id="a1489af5-4b42-40ca-9d5a-f7be7c8b578b">The luxury of exclusivity</h2>The timing couldn't be more aligned with consumers prioritizing travel experiences over luxury goods and with the rise of what Samy Ghachem, general manager of La Dolce Vita, calls the "slow cruising" experiential travel trend."You saw a big uptick as soon as COVID was over, Japan exploded, and people were like, 'OK, now let's step out of our comfort zone. Let's go to Asia, let's go to Africa, let's start to do things,'" Ghachem said, adding that tapping into that curiosity and desire to slow down is what La Dolce Vita encapsulates.<div type="image" title="A bedroom on La Dolce Vita Orient Express." height="853" width="1280" msid="114980194" hostid="261" sizebytes="117970"></div>Unlike cruise travel, luxury train travel is also more exclusive, another top priority among wealthy travelers."People want the luxury of space and privacy," Craft, the luxury travel agent, said. "They don't want to be forced into lines and queues and having to take pictures with thousands of people around.""When you talk about luxury cruising, you're talking about 12,000 passengers," Ghachem said. "On our trains," he added, "it's much more intimate."While the company's short-term focus is primarily on Italy, it's also preparing to launch its first sailing superyacht in 2026 and luxury sleeper trains in other regions, including the Middle East.If anything, the Orient Express's revival supports what Ghachem says is one of the biggest trends in luxury travel: "People want to come back from vacation with a story."

The Orient Express is plotting a comeback as the ultra-rich ditch luxury brands for travel

Gut check: 10 High-fiber foods to add to your diet to support digestive balance

"Imake $180,000 a month off of properties I don't even own," Hailie Anderson, who's 21, brags matter-of-factly to her 30,000 followers on TikTok. It may sound too good to be true, but she's engaging in a trend that's come to be known as <a target="_blank" class="" href="https://www.businessinsider.com/renting-airbnb-not-passive-wont-do-it-again-2024-7">Airbnb</a> arbitrage, where entrepreneurial lessees rent out their apartments or homes on short-term-rental sites, hiking up the nightly price to make a profit on top of what they owe their landlords. It's not uncommon. Most seem to do it quietly. Anderson, however, is part of a particularly brazen and typically young cohort of hosts who flaunt their side hustle online, critics — and in some cases the law — be damned.Arbitrage hosts like Anderson take to <a target="_blank" class="" href="https://www.businessinsider.com/hottest-tiktok-makeup-trend-right-now-moo-deng-blush-2024-9">TikTok</a>, YouTube, and Instagram to offer advice and promote paid courses on how to start and build your own short-term-rental empire. Anderson herself was inspired by other arbitrage influencers. She started two years ago, renting three apartments in the same building in Austin when she was 19, she says. Anderson spent several weeks furnishing and decorating the apartments (invariably sleek and minimalist, with gray and white couches and linens and abstract wall art), uploading well-lit photos, and managing the bookings. Today she has nearly 50 places listed on Airbnb in Salt Lake City, <a target="_blank" class="" href="https://www.businessinsider.com/austin-home-prices-falling-texas-mortgage-rates-housing-crisis-success-2024-9">Austin</a>, and Nashville under her property-management business that she runs from Florida. Plus, she side-hustles with her part-coaching, part-influencer online business.From <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-elon-musk-starlink-hurricane-helene-fema-2024-9">Donald Trump</a> to Dave Ramsey, rich and successful (actual or seemingly) real-estate personalities have long offered tips and tricks for others to follow in their paths — and selling that advice can be wildly valuable. These Airbnb-arbitrage coaches, many of whom say they are or appear to be in their early 20s, are the Gen Z versions of '80s-era Trump, or social-media twists on HGTV shows, combining the ideas of a 5-to-9 side hustle, passive income, and TikTok clout. They document themselves shopping at Target for throw pillows, art, and kitchen essentials to stock in their apartments, answering emails, and touring new properties. A 25-year-old TikToker with the handle @airbbnbmastery101 titled one video "How to quit your job in 2024 and get rich." Another, Inayah McMillan, previously told Business Insider that she earned <a target="_blank" href="https://www.businessinsider.com/airbnb-host-how-i-set-up-scaled-properties-inayah-mcmillan-2022-12">more than $300,000</a> in 2022, at age 20, and her coaching site boasts more than 2,000 students. They claim to be a new type of real-estate mogul — tycoons who reign supreme without even holding a deed.Not everyone is thrilled about this. This style of short-term hosting bumps up against tighter restrictions as local governments push back on the proliferation of short-term rentals. Opponents say Airbnbs take long-term housing off the market and contribute to rising rents: A Zillow found earlier this year that rent growth had outpaced wages in 44 of America's largest 50 cities since 2019. New York last year enacted a licensing system that effectively booted whole-apartment rentals from Airbnb unless people were looking to book them for 30 days or longer. Cities around the world are scrambling to curtail Airbnb by making onerous restrictions or outright banning short-term rentals, as Barcelona has said it will do in 2028.But online, business for these hosts appears to be booming. Anderson's TikTok shows her travels through Europe and Asia and a day in the life running her business, which can include working from a cabana with a water slide. The job involves lots of reaching out to <a target="_blank" class="" href="https://www.businessinsider.com/more-landlords-offer-rental-perks-concessions-free-rent-parking-nyc-2024-8">landlords</a> (sometimes hundreds in one city, Anderson says) and inquiring about running short-term rentals in their properties; managing a staff; sending in cleaners; and chatting with guests. She says she pays about $100,000 in rent to her many landlords each month but can pocket as much as $80,000 during busy travel seasons across bookings on Airbnb, Vrbo, and Booking.com and from those who come to her directly. But she's also filming videos and teaching courses, making TikToks, and traveling to conferences. Despite the profits, Anderson sees herself as immaterial to the real-estate quandary — and she says she rents properties that are legally approved for short-term renting, fully disclosing to landlords what she's doing. "I don't think me personally having 48 Airbnbs is single-handedly affecting the whole entire housing crisis," she tells me. Some of her commenters put the blame on her, but Anderson thinks there are plenty of leases to go around. The housing crisis "goes a lot deeper than that," she says. "There's a point where I try not to feel too guilty about it. But also, every single business negatively affects something in the world."Her Airbnb profiles have around 2,000 reviews that average out to about 4.9 out of 5 stars. Hundreds of people have signed up for her online courses, which cost as much as $2,000 and include videos and templates on topics like reaching out to landlords, furnishing Airbnbs, and understanding leases, along with weekly Q&amp;As with Anderson and access to a Discord community. She shows people how to write lease addendums that permit subletting and which software to use to manage properties and calculate prices. While angry mayors and residents point their finger at Airbnb for raising rents and bringing partiers to neighborhoods, she sees it as an opportunity for those to start their business with little to nothing. And flaunting the business on social media or at conferences has helped her find more guests who want to stay and led to new apartment leases. "I started this because I didn't have money to buy a house," she says. "If I can help 700 people not have to work their whole life at a 9-to-5, then why not?"There's no way to know for sure how popular Airbnb arbitrage is. Airbnb did not provide data on the number of hosts who engage in arbitrage, and it's nearly impossible to tell from listings on the site who owns a property versus who hosts it. Jamie Lane, the chief economist and senior vice president of analytics at AirDNA, which provides data on short-term rentals, says that the arbitrage trend has slowed overall since 2018 and that the drastic decrease in travel and short-term-rental demand brought on by the COVID-19 pandemic led some of the largest companies in arbitrage to flop. Arbitrage is essentially what larger short-term-rental companies like Sonder do, or what those like Domio and Stay Alfred did before shutting down in 2020. They're designed to come in and manage many short-term rentals for a building.But for smaller real-estate hopefuls, there's still a market. A big part of the appeal of arbitrage is that the startup costs are far lower than buying a property to use as a short-term rental, and some view it as an accessible entry into real estate. "It's still a great way to get into the short-term-rental industry," Lane says. As for those claiming to make millions: "Are there people making lots of money doing arbitrage? Absolutely," he says. "Is that the exception more than the rule? Probably."In some cases, hosts have skirted the law to engage in arbitrage. Some do it without signing leases with landlords that allow subletting. In July, Konrad Bicher, an Airbnb-arbitrage host, was sentenced to more than four years in prison for defrauding landlords. The self-proclaimed "Wolf of Airbnb" had signed lease agreements on New York apartments and sublet them without permission. Between 2019 and 2022, authorities say, Bicher failed to pay more than $1 million in rent but made more than $1 million renting those same units on Airbnb and another short-term-rental marketplace. To keep the apartments under his control, he relied on government protections meant to help renters through the pandemic.But Airbnb arbitrage, in theory, isn't illegal; it depends on local laws governing how short-term-rental properties are licensed. Still, rules could change at any time, leaving hosts on the hook for leases when they may no longer be legal to rent out short term. That's what happened to Tom DeRose, who operated an Airbnb-arbitrage company in New York with about a dozen apartments. When the regulations there changed in 2023, he pivoted. DeRose says that he regrets working in short-term-rental arbitrage and that "it's very clearly hurting" the housing market. Now he has a real-estate management company called HousingPanda, where he rents apartments in New York and then charges a premium for people to sublet them for either three or nine months. He says the leases are meant to appeal to students who live in the city for the school year or a summer internship.Airbnb has recently made moves to make its stays look unique or personalized. Last year it pushed stays in homes with guests, a feature it called Airbnb Rooms, which harked back to the platform's original idea of a formalized couch-surfing and room-renting site. Then this spring it unveiled Icons, a set of decked-out, specialized stays in places like Prince's "Purple Rain" house or a recreation of the "X-Men" mansion. But ultimately, whether the company endorses arbitrage publicly or not, it profits from it: More listings mean more money. Airbnb did not provide comments on the popularity of the trend, or the coaching courses and online content, for this story. The company does have a guide to help hosts communicate with building managers about using properties as rentals.I reached out to a handful of Airbnb-arbitrage hosts on TikTok who did not respond to interview requests. It's often difficult to tell from their videos what takes precedence: the hosting or the coaching. For Anderson, it's all a stepping stone of the way to her ultimate goal: owning property, which she calls "the real flex." (She would maybe one day even let someone run an Airbnb out of it, if she got tired of being in charge.) She says that she thinks about opening a boutique hotel one day but that it wouldn't be possible at such a young age without her foray into Airbnb. Still, "it's not get-rich-quick, easy money," Anderson tells me. It may not be as quick or easy as it looks, but she's certainly hit the jackpot.<a target="_blank" rel="" class="" href="https://www.businessinsider.com/author/amanda-hoover">Amanda Hoover</a> is a senior correspondent at Business Insider covering the tech industry. She writes about the biggest tech companies and trends.

Gen Z's new side hustle: getting rich off Airbnb

<ul class="summary-list"><li>Donald Trump has fallen off Bloomberg's list of the world's 500 wealthiest people.</li><li>The former president briefly ranked in the top 300 due to his stake in Truth Social's owner.</li></ul>Donald Trump has crashed out of the ranks of the world's 500 wealthiest people after the value of his meme stock nosedived.The former president has fallen off the <a target="_blank" href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a> as his net worth has dropped below the $5.8 billion required to make the cut. Forbes' <a target="_blank" href="https://www.forbes.com/profile/donald-trump/?sh=611638d247bd">rich list</a> pegs Trump's total wealth at $4.8 billion, ranking him 659th in the world.Trump held a top 300 spot on Bloomberg's index only a few days ago, <a target="_blank" href="https://www.businessinsider.com/trump-wealth-tmtg-dwac-billionaires-stock-court-judgment-rich-list-2024-3">ahead of the likes</a> of George Soros, Mark Cuban, Giorgio Armani, Reed Hastings, and Bernie Marcus.The wealth of the presumptive Republican presidential nominee <a target="_blank" href="https://www.businessinsider.com/donald-trump-truth-social-deal-richest-people-2024-3">surged this year</a> due to his 78.75 million shares, or at least 58% stake, in Trump Media &amp; Technology Group. TMTG merged with Digital World Acquisition Corp. and began trading under the ticker DJT in late March.<a target="_blank" href="https://www.businessinsider.com/meme-stocks-mania-donald-trump-tmtg-truth-social-hasbro-paramount-2024-3">TMTG shares</a> hit an intraday high of $79 on March 26, valuing Trump's stake at close to $6.3 billion. But the <a target="_blank" href="https://www.businessinsider.com/trump-worth-billion-dollars-less-after-truth-social-shares-fall-2024-4">stock has plunged</a> by 53% since then to about $37 at Monday's close, slashing the worth of Trump's position to about $2.9 billion — a $3.3 billion decline in two weeks.The initial buying frenzy also boosted the company's market capitalization to about $11 billion at its peak, <a target="_blank" href="https://www.businessinsider.com/meme-stocks-mania-donald-trump-tmtg-truth-social-hasbro-paramount-2024-3">making it more valuable</a> than Paramount, Etsy, Hasbro, American Airlines, or Ralph Lauren.TMTG is now worth about $5.1 billion. That's still more than 1,200 times the $4.1 million of revenue it earned last year, which fueled a net loss of $58 million for Truth Social's parent company.Trump may be especially displeased with his plunging net worth, given he's been slapped with a <a target="_blank" rel="" href="https://www.businessinsider.com/donald-trump-claims-he-has-nearly-500-million-despite-not-being-able-to-pay-bond-2024-3">$454 million judgment</a> in a New York fraud case, and had to pay a <a target="_blank" href="https://www.businessinsider.com/donald-trump-posts-bond-after-court-reduction-2024-4">$175 million bond demand</a> while he appealed the decision.

Donald Trump crashes out of the Bloomberg rich list due to his meme stock nosediving

Living up to the expectations, <keyword id="20430890" type="General" weightage="20" keywordseo="Aman-Sehrawat" source="keywords">Aman Sehrawat</keyword> on Friday bagged the men's 57kg free-style <keyword id="20257145" type="General" weightage="20" keywordseo="bronze-medal" source="keywords">bronze medal</keyword> at the <keyword id="19933819" type="General" weightage="20" keywordseo="Olympics" source="keywords">Olympics</keyword> with a commanding win over Darian Toi Cruz, bringing some cheers to the <keyword id="22736140" type="General" weightage="20" keywordseo="Indian-wrestling-contingent" source="keywords">Indian wrestling contingent</keyword> that has been rocked by controversies. The 21-year-old U-23 world champion was the lone Indian male wrestler to qualify for the Paris Games and he did not disappoint, winning 13-5 in the bronze play-off at Champ de Mars Arena. The sport of wrestling has not missed a medal at the Olympics since 2008 and Aman's effort ensured the streak remained unbroken. Sushil Kumar broke the glass ceiling by winning the bronze in Beijing (2008), and since then Yogeshwar Dutt (2012), Sakshi Malik (2016), Ravi Dahiya and Bajrang Punia (2021) have kept the tradition intact. Aman's effort also helped India win its sixth medal and move closer to the Tokyo Games tally of seven. Antim Panghal (53kg), Anshu Malik (57kg), and Nisha Dahiya (68kg) could not reach the medal rounds in their respective categories. On the other hand, Vinesh Phogat (50kg) lost despite entering the final as she was disqualified from the gold-medal bout for being overweight. The disqualification led to a huge uproar in the country. The decision has been challenged in the Court of Arbitration for Sport (CAS). The hearing has concluded and a decision is expected by Sunday evening. Teenager Antim Pangal also landed herself in trouble for sending her sister to the Games Village on her accreditation card. She was deported along with her entourage. It was a fast-paced bout with quick moves from the two wrestlers. Once Aman got a measure of his rival, he did not give much of a chance to the Puetro Rican. He build a healthy 6-3 lead by the end of first period with consecutive takedown moves. As is usually the case, Aman, who thrives on a high-endurance game, first tried to wear down his opponent and then went for the kill. With dominating technical-superiority wins over Vladimir Egorov and Zelimkhan Abakarov, the Indian wrestler stormed into the semifinals without conceding a single point but was no match for Japan's Rei Higuchi in the semifinals. Having lost his parents at a tender age of 12, the famed Chhatrasal stadium -- where his father had enrolled him in 2013 -- became his second home. He comes from the centre that has given India four Olympic medallists -- Sushil Kumar, Yogeshwar Dutt, Bajrang Punia and Ravi Dahiya. Reetika Hooda (76kg) will be in action on Saturday, and if she wins a medal, India will match its Tokyo tally. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/brainbees-solutions-firstcry-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/112403576.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/brainbees-solutions-firstcry-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/112403576.cms" target="_blank">Brainbees Solutions (Firstcry) IPO allotment – How to check allotment, IPO GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms" target="_blank">India’s wearables market decline for the first time as smartwatch shipments fall</a><a href="https://www.businessinsider.in/business/news/ola-wants-to-re-enter-the-quick-commerce-business-to-take-on-blinkit-and-swiggy-instamart/articleshow/112364583.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/news/ola-wants-to-re-enter-the-quick-commerce-business-to-take-on-blinkit-and-swiggy-instamart/articleshow/112364583.cms" target="_blank">Ola wants to re-enter the quick commerce business to take on Blinkit and Swiggy Instamart</a>

Aman Sehrawat wins bronze, carries forward Chhatarsal's rich legacy

<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."

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