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Time of India
a day ago
- Entertainment
- Time of India
How rich was Julian McMahon? Here's what the 'Nip/Tuck' and 'FBI: Most Wanted' star left behind
Julian McMahon , the American-Australian actor known for his roles in Nip/Tuck , Charmed, and FBI: Most Wanted , died on July 2, 2025, at the age of 56. He passed away with an unmatched legacy of genre-defining performances that spanned television and film. Born on July 27, 1968, in Sydney, McMahon was the son of former Australian Prime Minister Sir William McMahon. After briefly studying law and economics, he transitioned into modeling, working in major fashion hubs like Milan and New York before moving to acting. His early television breakthrough came on the Australian soap Home and Away, eventually leading to roles in American shows like Profiler and the cult hit Charmed, where he played the fan-favorite demon Cole Turner. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 years of commitment to sustainability and innovation Acciona Undo McMahon's most iconic role was the brilliant yet morally complex Dr. Christian Troy in FX's Nip/Tuck. He later starred as FBI Special Agent Jess LaCroix in FBI : Most Wanted, showcasing his range from villainous to heroic characters. Known for his charisma, versatility, and screen presence, McMahon earned respect from fans and industry peers throughout his decades-long career. Live Events He was married three times, first to Australian pop star Dannii Minogue in 1994, though their marriage lasted just over a year. He later married actress Brooke Burns in 1999, with whom he had a daughter, Madison, born in 2000. That marriage ended in 2001. In 2014, McMahon married Kelly Paniagua, a writer and model, and the two remained together until his passing. Julian McMahon's Net Worth? At the time of his death, McMahon's net worth was estimated at $16 million, according to Celebrity Net Worth and The Richest, although the exact number is not publicly revealed. Much of his wealth stemmed from his acting earnings, but he also made strategic real estate investments. In 1997, he purchased a home in Los Angeles' Hollywood Hills, just beneath the iconic Hollywood sign, for approximately $712,000. As reported by Urban, he sold the property in 2015 for $2.18 million, making a profit of around $1.5 million. He also reportedly held real estate assets in his native Australia.
Time of India
3 days ago
- Business
- Time of India
Payment woes, compliance burden hampering export potential of MSME e-commerce: Experts
India's e-commerce exports are witnessing remarkable growth, offering immense opportunities for small businesses in the country. However, challenges such as payment reconciliation , regulatory compliance , and foreign exchange settlements continue to impede the sector's full potential. With the nation's e-commerce exports expected to reach $200 billion by 2030, experts emphasised that tackling these regulatory and operational issues has become a pressing necessity. Industry players often have cautioned that India could lose its recent progress unless regulators take swift action. To deliberate on practical solutions, think tank Empower India partnered with the Indian Institute of Foreign Trade (IIFT) to host a webinar on July 2, bringing together academia, government-affiliated bodies, and industry leaders. Moderated by Nirupam Soundararajan, Co-founder of the Policy Consensus Centre, the session featured three panellists: Deepankar Sinha, professor at IIFT; Atul Bansal, Head of Marketing & Partnerships, Amazon Global Selling; and Naveen Sharma, Co-founder of the All India Ecommerce Exporters Association (AIEEA). All industry stakeholders concurred: automation, simplification, and streamlining are necessary. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How a solar project revealed one of Spain's greatest archaeological finds Acciona Undo 'All the data for e-commerce exports already exists across EDPMS (Export Data Processing and Monitoring System), DPMS (Department of Payment and Settlement Systems), and the RBI. It's time these systems talk to each other. Exporters shouldn't be burdened with manual reconciliation when technology can automate it. A one-time declaration should suffice—especially under LUT when exporters are already legally accountable. In the short term, we need a tiered, trust-based approach: small exporters under Rs 10 lakh could be exempted from manual reconciliation, while larger entities submit a CA certificate,' said Sharma. Bansal outlined Amazon's efforts to 'democratise e-commerce exports for MSMEs' through its Export Navigator tool, which is open to all sellers and provides guidance on documentation, compliance and regulations. 'We have pinpointed launch readiness, logistics and payments as the three biggest challenges,' he observed. 'While Amazon has addressed the first two, payments and reconciliation require broader ecosystem collaboration. We remain optimistic, but it will take coordinated action across platforms, banks and regulators.' Live Events Prof. Sinha talked about the problem in terms of cost and efficiency, cautioning that 'hidden fees in gateway charges, platform commissions, bank deductions and compliance expenses are eroding exporters' margins. 'Many chase bulk orders or switch platforms to chase better terms. This simply isn't sustainable. Once payment is received and the shipping bill filed, RBI and DGFT should have that data in real time. India is a global technology powerhouse; manual processes should be obsolete,' he said. Panelists agreed on a three-pronged road map: System integration: Automate reconciliation by linking the EDPMS, DPMS, RBI and DGFT platforms and creating a single-window interface for exporters. Trust-based thresholds: Exempt exporters with annual shipments under Rs 10 lakh from manual reconciliation, while larger exporters furnish independent certification. Flexible mismatch tolerance: Temporarily raise the permissible gap between invoiced value and payment received from 25% to 50% to accommodate currency fluctuations and platform deductions. Beyond these core reforms, the panel recommended developing a dedicated e-commerce export declaration format, standardising invoice structures across marketplaces, and launching a user-friendly technical portal for document uploads and real-time tracking. Such measures, they argued, would yield immediate relief while laying the groundwork for long-term system integration. Regulatory experts in the audience noted that recent policy initiatives, such as the introduction of the LUT framework for zero-duty exports and streamlined foreign trade policy guidelines, provide a favourable backdrop for these recommendations. However, without targeted amendments to the existing reconciliation rules, MSMEs risk facing protracted delays, higher working capital requirements, and lost market opportunities. Speakers further urged the government to treat e-commerce exports as a strategic national asset. 'If India truly wants to be a global digital trading hub, we must reduce friction at every touchpoint,' Sinha said, stressing the road map ahead will entail revisiting cost structures, cutting red tape and harnessing technology to eliminate manual bottlenecks.
