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Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of these Greek maritime moguls to record highs and minting at least seven new 10-figure fortunes.<br/><br/>Forbes estimates there are now at least 12 shipping billionaires in Greece, more than at any other time in history. Seven of them are making their debut in Forbes’ billionaire ranks. They are worth a collective $32 billion—the equivalent of roughly 12% of the country’s gross domestic product.<br/><br/>These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos, who launched the global oil tanker trade after World War II and became famous for their glamorous marriages and lifestyles. This newer group has been in shipping for decades but kept a lower profile. (Despite their success, none would speak to Forbes, while their representatives either declined to comment or did not respond.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/05/13/meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil/?sh=6323b9ce74f1<br/><br/>0:00 Introduction<br/>0:24 Greece's Presence In The Shipping Industry<br/>2:46 How Has Greece Made So Much Revenue With Shipping<br/>6:59 How Onassis and Niarchos Reached 10 Figure Status<br/>12:44 Tax Sanctions And Where It Applies In Greece<br/>15:20 How Long Will Greece's Shipping Boom Last<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Karina Adcock
⏲ 8 minutes 49 seconds 👁 12.7K
Computerbasics
⏲ 12 minutes 49 seconds 👁 1.9M
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
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The Organic Chemistry Tutor
⏲ 1 minute 31 seconds 👁 183.4K
Calon Heindel
⏲ 7 minutes 24 seconds 👁 6K
Discover the controversy surrounding burqa identity checks in Indian elections as Congress President Mallikarjun Kharge voices his concerns. Join us as Kharge sheds light on the implications of such actions for election fairness and democratic values. Watch now to delve into the discourse on electoral integrity and political accountability. <br/> <br/> <br/>#MallikarjunKharge #LokSabhaElections2024 #Elections2024 #HyderabadBurqaCheck #BurqaVotedId #BurqaControversy #LSElections24 #Oneindia<br/>~HT.99~PR.274~ED.194~GR.125~
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KnowledgeCity
⏲ 2 minutes 7 seconds 👁 33K
Dividendology
⏲ 16 minutes 21 seconds 👁 389.9K
Raebareli, Uttar Pradesh: In a heartfelt and emotional address to the people of Raebareli, Congress Leader Sonia Gandhi reminisces about the deep-rooted connection her family has with the land and its people. Recalling the legacy of Indira Gandhi and the special place Raebareli holds in their hearts, Sonia Gandhi emphasizes the values of respect, protection of the weak, and fighting against injustice that have been passed down through generations. <br/> <br/> <br/> <br/>#SoniaGandhi #SoniaGandhiRaebareli #SoniaGandhiSpeech #Raebareli #RahulGandhi #RahulGandhiRaebareli #PriyankaGandhi #AkhileshYadav #Raebareli #RaebareliRally #Oneindia<br/>~HT.178~PR.274~ED.101~GR.125~
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Daniel Graham and Adam Carruthers, charged with felling the Sycamore Gap tree last September, depart from Newcastle Magistrates’ Court. The criminal damage caused by felling the famous Sycamore Gap tree has been valued at more than £620,000, according to court charges. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Scientists Discover , Hidden Indicator of Future , Weight Changes.<br/>'Newsweek' reports that scientists <br/>may have found a way to predict weight <br/>gain or loss from the size of fat cells. .<br/>Researchers from Sweden's Karolinska Institutet <br/>measured the size and number of fat cells <br/>in the abdominal fat of 260 volunteers. .<br/>The team found that after an average <br/>of 15 years, those with larger fat cells tended <br/>to lose weight, while those with smaller fat <br/>cells were more prone to gaining weight.<br/>We can only speculate as to <br/>why the size of a person's fat cells <br/>seems to predict their future weight, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>Body weight decreases when energy <br/>expenditure exceeds intake and the <br/>body burns off fat to compensate. , Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>Our results suggest that the loss <br/>of large fat cells makes more <br/>of an impact on weight <br/>than the loss of small ones, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>Peter Arner, one of the lead researchers on the study, <br/>notes that smaller fat cells have also been found <br/>to be linked to a better metabolic profile. .<br/>This means that if someone with <br/>small fat cells does gain weight, <br/>it may not raise their risk of <br/>conditions such as type 2 diabetes <br/>and high blood pressure as much <br/>as if they had large fat cells, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>'Newsweek' reports that the team hope their <br/>findings will help develop more personalized weight <br/>management strategies for people in the future.<br/>It could be of great clinical <br/>value to have information <br/>about fat cell size before starting <br/>a weight-management program, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>If it is the case that those with <br/>large fat cells find it easier to <br/>lose weight, those with smaller <br/>cells could be given extra support, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'
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