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Yahoo
03-08-2025
- Business
- Yahoo
Will Mississippi billionaire do the near-impossible in 2027 governor's race?
If ultra successful businessman Tommy Duff does run for governor of Mississippi in 2027, history will not be on his side. Duff, of Hattiesburg, who along with his brother James are listed as the state's only billionaires, according to Forbes Magazine, has made no secret of the fact he is considering a run for governor. If he does, it will mark the first time for Duff's name to be placed on ballot for public office. The 68-year-old would be starting his political career vying for the highest office in Mississippi. Combustible Vicksburg contractor Kirk Fordice, a unique politician in Mississippi on many levels, is the only person in the modern era to win the Mississippi governorship in his first venture as a candidate. All other successful candidates for governor in the modern era have held other elected offices before capturing the seat. Going all the way back to the 1950s, Ross Barnett was a successful trial attorney before running for governor — his first elected office. He lost the governor's race twice before finally winning the post in 1959 and then becoming a national figure as he fought to maintain Mississippi's segregated society. A few other people have tried to win the governor's mansion in their first campaigns. They have not been successful. People always say a candidate needs strong name identification to run for governor. Even though he has not run for statewide office, Duff has the wherewithal and presumably the willingness to write seven — and maybe eight — figure checks to develop that recognition. And with his money, he has the ability to craft the narrative he wants Mississippians to hear. But what we don't know yet is whether Duff has the 'it' factor. Will Duff look comfortable in his own skin traveling around the state asking people for their support? Often, though not always, it comes down to the old adage that people vote for the candidate with whom they would have a beer or glass of tea. It can take a special personality to navigate campaigning. Experience on the campaign trail helps develop the skills to do and say the right things in often stressful circumstances. It helps to be quick on your feet. Andy Mullins, a longtime administrator at the University of Mississippi and before then an aide to Gov. William Winter, tells the story of Winter campaigning. Winter entered a drug store in south Mississippi and went to the pharmacist to ask for his support. The pharmacist told him in no uncertain terms, Mullins said, that he would not vote for Winter because he would not help get his son into medical school. After enduring a verbal beating from the pharmacist, Mullins recalled what Winter said as he left the store: 'Put the pharmacist down as undecided.' Who knows how Duff will perform if he does engage in his first campaign. He may be a natural. Many thought Tupelo businessman Jack Reed was a natural in 1987 when he entered the governor's race as a political novice. Indeed, he did appear to be one, but he ran into and lost a close election to a politician with more experience in Ray Mabus. Reed will go down with others, such as Mike Sturdivant and John Arthur Eaves Jr., who waged and lost their maiden political campaign for the hard-to-obtain office of governor. Sturdivant, a Glendora farmer and businessman, spent a large sum of his own money running in the Democratic primaries in 1983 and 1987. Eaves also wrote large personal checks to his campaign against incumbent Haley Barbour in 2007. Duff recently appeared at an economic forum hosted by Mississippi Today and JPMorgan Chase. During his on-stage interview before the hundreds of attendees, he deflected most questions and laid out few policy specifics. But Duff has plenty of time to develop a campaign platform before the 2027 election. The question is whether he has the skills to connect with Mississippians as he delivers it. This column was produced by Mississippi Today, a nonprofit news organization that covers state government, public policy, politics and culture. Bobby Harrison is the editor of Mississippi Today Ideas. Solve the daily Crossword
L'Orient-Le Jour
30-07-2025
- Business
- L'Orient-Le Jour
Lebanese Karim Atiyeh added to US billionaires of Arab descent list
At just 35 years old, Lebanese Karim Atiyeh, co-founder of Ramp, has become the sixth Arab billionaire to amass his wealth in the United States, now estimated at $1.3 billion according to the latest Forbes Magazine ranking. He is also the youngest billionaire on this joins Jordanian Ramzi Musallam (estimated fortune: $9.2 billion), Egyptian Haim Saban ($3.1 billion), Moroccan Marc Lasry ($1.9 billion), Lebanese Noubar Afeyan ($1.2 billion) and Iraqi David Hindawi ($1 billion).On this same occasion, Atiyeh also joined the list of 125 immigrant billionaires who made their fortunes in the United States, compiled by Forbes, ranking 107th. Read more Peter Rahal's protein bar business now valued at $725 million Unsurprisingly, Elon Musk, co-founder and CEO of SpaceX and CEO of Tesla, tops this ranking with an estimated fortune of...
Business Insider
01-07-2025
- Business Insider
An American couple sold their house in California and retired in Malaysia. They love 'not owning anything.'
In the 1970s, Paul and Ellen Eggers taught in Malaysia as volunteers with the US Peace Corps. The experience left a lasting impression, and decades later, as they prepared to retire from their jobs as college professors in California, they decided to return. "I had read an article in Forbes Magazine about people retiring overseas," Ellen, now 70, told Business Insider. "We hadn't really thought a lot about it before, but then one of the places that was listed as very popular and very affordable was Penang in Malaysia." They were familiar with the Southeast Asian country, having returned for vacations over the years, and never forgot how much they enjoyed it. In 2015, with the goal of retiring in the next year or two, the couple spent five weeks in Malaysia to see if it felt right for the next chapter of their lives. "We knew that our income could go a lot farther in Malaysia, and we thought, 'We could actually do this. Why not?'" Ellen said. When it was finally time for them to retire, they didn't hesitate to say goodbye to their lives in the US. The couple got rid of almost everything they owned, including two cars, furniture, and hundreds of books, which they donated to their university. "It was a very easy decision for us," Paul, now 71, told BI. Moving across the world It's been seven years since the couple moved to Penang, a state in the northwestern part of Malaysia. They had spent just one weekend there back in the '70s, Paul said. "We didn't really know Penang well at all when we came on our reconnaissance trip, but we liked what we saw, so that made our decision for us." Unlike the hustle and bustle of Kuala Lumpur, Malaysia's capital, they were drawn to Penang for its mix of natural and urban landscapes. Moreover, they didn't want to own a car, and Penang's reliable public transport system made getting around easy. However, the couple's decision to move across the world surprised some of their family and friends back home. They weren't familiar with Malaysia, and weren't sure what to make of it. Paul said. "Some of them thought we were nuts. I think some of them still do, seven years later," Ellen said. Not having children of their own made the move simpler. "I think it would be more difficult if you had children and grandchildren — although many of our friends do, and they make it work just fine with visits," Ellen said. The couple is on the Malaysia My Second Home, or MM2H, visa program, which was first introduced in 2002 to attract foreigners to retire and live in Malaysia. The most recent rule changes, announced in 2024, included stricter financial requirements, including the need to buy property in Malaysia. Since the couple obtained their visas under an earlier version of the program, they were grandfathered in under the old rules and weren't required to purchase property, Paul said. Back in the US, they owned a 2,000-square-foot home in the Sierra Nevada foothills, which they sold for $290,000 before relocating to Malaysia. Now, they're settled in a three-bedroom beachfront condo — their third home in Penang — which they moved into eight months ago. Rent is 8,000 Malaysian ringgit, or about $1,800, each month. "Honestly, we really like the idea of not owning anything. Not owning a house, not owning a car; it's very freeing," Ellen said. Their complex has a pool, gym, and tennis courts, and they're within walking distance of grocery stores and clinics. Georgetown, the capital of Penang, is a 15-minute car ride away. While they don't track every expense month to month, they always keep a close eye on what's coming in and going out. They estimate that their living expenses — inclusive of rent — usually come up to around 12,000 ringgit to 13,000 ringgit, or about $2,800 to $3,060, each month. Retired life in Penang The couple says they're enjoying their retirement in Penang. "Of course, when we were in the US, we were working, so that took up a very big part of the day," Ellen said. "We have much more time for personal hobbies and pastimes. We both read a lot. We try to exercise quite a lot." Paul says their lifestyle in Malaysia isn't that different from the US. "We pretty much do what we did in the States," he added. With one exception — they've learned how to play Mahjong, a tile-based strategy game that's extremely popular all over Asia. "I've met many people through that," Ellen said. "It's a lovely thing that you meet people from all over the world here and think nothing of sitting down at a table with two people from Europe and two people from Australia. It's just so natural." The other friends they've made came through mutual connections, she added. Penang also has an international airport, which makes it easy for them to travel around the region and beyond, including New Zealand and Australia. They recently returned from a cruise in Norway, Paul said. "Malaysia is so accessible to everywhere, not just Southeast Asia. It's easy to get a flight to Europe, and because we are saving so much money here, we can afford to travel," Ellen said. They both speak Malay from living in Malaysia years ago, but Paul says you can easily get by in Penang with just English. Those who want to make a similar move should pay attention to one thing: The heat. "It seems like a minor thing, but a lot of people are quite shocked at the tropical heat and don't realize how careful you have to be with the sun and hydration and things like that," Ellen said. Penang has come to feel like home in the years they've lived here. "We're just very familiar with Malaysian lifestyle, the language, the customs, and so on," Paul said. "In fact, the things that are different are the things that we love. We like the food, the nature, the climate, and the friendliness of Malaysians," Ellen added. "And no snow."
The Hill
30-06-2025
- Business
- The Hill
Trump: Forbes ‘continues to hang around like a bad disease'
President Trump attacked Forbes on Monday, calling out one of the outlet's journalists by name as he ripped the financial news publication over its coverage of him. 'Not that it really matters, but a terribly untalented writer for badly failing Forbes Magazine, Dan Alexander, who probably can't get a meaningful job in the business, has written so inaccurately about me that it is ridiculous,' Trump wrote on his Truth Social platform. 'Many others also, the media is mostly Fake News, but Forbes doesn't even try to get things right.' The president said he hasn't spoken to journalists at Forbes 'in years,' claiming the outlet is biased against, writing 'they're so inaccurate (purposely!) about everything.' 'I would have thought Forbes would be DEAD by now, but it continues to hang around like a bad disease,' Trump continued. 'Isn't it owned by a hostile nation? Anyway, that's what happens when you have bad reporters with evil intentions. Eventually the publication dies. I've happily seen it over, and over, again!' Forbes has been owned since 2014 by Hong Kong-based Integrated Whale Media Investments. It was the second time in less than a week the president has singled out a reporter at a major publication as part of his effort to discredit news reporting about his administration. The president has attacked the New York Times, Washington Post and each of the major broadcast news networks over coverage and threatened to have his FCC scrutinize them. Trump most recently attacked Forbes in 2023, when it dropped the then former president off of its 'wealthiest Americans' list.
Yahoo
18-06-2025
- Business
- Yahoo
Embla Medical Recognized for Leadership in Accessibility and International Reach
Company honored by Forbes Magazine for Championing Accessibility and by Iceland's President for Excellence in Global Exports REYKJAVÍK, Iceland, June 18, 2025 /PRNewswire/ -- Embla Medical (NASDAQ Copenhagen: EMBLA), a leading global provider of innovative mobility solutions, is being internationally recognized for its pioneering role in enhancing peoples' mobility and its business leadership, the company announced today. Forbes Magazine has named Embla Medical to its first-ever global Accessibility 100 list, recognizing the company's history of innovative prosthetics, neuro orthotics and bracing solutions, and high-quality patient care services. The prestigious list recognizes, for the first time, innovators in the field of accessibility for people with disabilities. Embla Medical is home to a number of leading mobility brands, including Össur, a leading global provider of prosthetics and bracing and supports solutions; Fior & Gentz, an innovative developer of neuro orthotics; and College Park, creators of custom-built prosthetic solutions for people of all activity levels. Since its founding in 1971, Embla Medical has secured more than 2,100 patents and numerous award-winning designs and is renowned for advancing the Orthotic & Prosthetic (O&P) industry. The company also operates ForMotion patient care clinics, which provide innovative solutions, expert guidance, and personalized care and support to patients in countries around the globe. The Forbes list was curated through interviews with more than 400 accessibility leaders across 15+ countries. Organizations were selected based on impact, innovation, and potential to drive systemic change across industries. In addition to Embla Medical, other companies on the list include global tech giants Google, Apple, Microsoft, Meta, and Sony, and apparel brand Nike, with whom Össur partnered for the Nike Sole on its Össur Cheetah® sports blade. "Accessibility is a fascinating space that has never been captured like this before," said Alan Schwarz, Forbes Assistant Managing Editor who spearheaded the project. "There are lone innovators, juggernaut tech companies, startups. They are revolutionizing how people get around, learn, communicate, work, play sports, travel, and so much more. Their impact on people's lives is monumental - and will only be getting more so soon." "We are honored to have received this recognition as a purpose-driven company that is passionately committed to improving the quality of life for people experiencing chronic mobility challenges," said Sveinn Sölvason, Embla Medical's President and CEO. "From designing award-winning mobility solutions to operating our network of patient care clinics, we remain singularly focused on providing innovative mobility solutions that help more people live a Life Without Limitations." According to Sölvason, Embla Medical has also received the President of Iceland`s Export Award for 2025, recognizing the company's success as an international business. "This recognition speaks to the dedication, and global impact of our entire team, and accepting the award from President Halla Tómasdóttir was a very meaningful moment," Sölvason said, noting that the first time the company received this honor was in 1992, as a small Icelandic company employing around 20 people at that time. "Today," he continued, "we have more than 4,000 employees, operating in 36 countries, and countless individuals rely on our solutions every day. What hasn`t changed over the years is our purpose: to improve the lives of people facing mobility challenges. Although we have grown globally, our roots remain in Iceland, shaped by a culture of resilience, innovation, and ambition. This award is not just a celebration of how far we've come - it's also a reminder of the importance of continued investment in new innovation and the conditions that allow global businesses to thrive." Contact:Edda H. GeirsdottirVP of Corporate Communicationsegeirsdottir@ This information was brought to you by Cision View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
