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Time of India
16-05-2025
- Business
- Time of India
Forbes' 2025 list of richest athletes has this NBA star in second position
Forbes has released the list of the richest athletes of 2025. Stephen Curry appears in second position, surpassed by Cristiano Ronaldo. The list of the top 10 earners has two other NBA stars, confirming the tremendous amounts of money that are showered on the best-performing players. Tired of too many ads? go ad free now The richest NBA players according to this list are Stephen Curry, LeBron James, and Kevin Durant. Stephen Curry is second-richest athlete on 2025 Forbes list Fan-favorite, Golden State Warriors' star guard, Stephen Curry, is named the second richest athlete in Forbes' 2025 list. Curry achieved a milestone by bagging 4000 career three-pointers, which form a major part of a buffet of shots he displays on the court. Forbes has estimated his earnings at $156M, of which $100 million is contributed by his off-field activities. Curry enjoys a robust financial cushion from a long-term deal with Under Armour. The association is likely to go beyond his playing years. Beyond Basketball, Curry promotes a sports drink called Plezi Hydration. He owns a film and TV company, Unanimous Media. He has used this banner for producing a documentary, Sentenced. He also starred in a comedy series, Mr. Throwback. Stephen Curry is joined by LeBron James and Kevin Durant on Forbes 2025 list of richest athletes Stephen Curry is not the only NBA player appearing in the 2025 Forbes' richest athletes list. LeBron James and Kevin Durant also appear on the list. LeBron has amassed $133.8M, appearing in the sixth position, while Kevin Durant is tenth-richest athlete on the list. LeBron James earns $48.8 million from basketball contracts and adds another $85 million to his earnings from off-court engagements. LeBron, at 40, is perhaps the oldest basketball player in the current lot of active players. After facing an exit from the playoffs in Round 1, he is mulling over retirement, too, according to some media reports. Tired of too many ads? go ad free now LeBron's businesses beyond basketball and his lucrative contracts have made him a billionaire. James invests in a vodka brand, he was also chosen as the theme for one of the Ken dolls, and was picked as 'Kenbassador.' LeBron James reacts to his new Barbie 'Ken' doll Kevin Durant is appearing in tenth position among the richest athletes. His earnings are estimated at $101.4M. The exemplary player has earnings accumulated almost equally from on-court and off-court sources. Beyond basketball, he generates income of about $50 million from brand endorsements and business investments. Also Read: Stephen Curry, LeBron James and Kevin Durant have Anthony Edwards as a rightful follower, who is appearing in the highest-paid athletes 25 and under list with earnings estimated at $62.1M.
Yahoo
29-03-2025
- Business
- Yahoo
The Weekly Closeout: GameStop pays for CEO's security, layoffs at Mattel
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. It's been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we're still thinking about. From H&M's Q1 store closures to Michelle Obama and Steph Curry partnering on a sports hydration drink, here's our closeout for the week. Williams-Sonoma keeps it 500 Home retailer Williams-Sonoma on Monday announced the company's inclusion in the S&P 500. 'Being included in the S&P 500 is a significant milestone that acknowledges the power of our brand portfolio and growth strategies,' CEO Laura Alber said in a statement. 'We remain committed to driving innovation, delivering exceptional products and experiences to our customers, and creating long-term value for our stakeholders.' The company's portfolio includes its namesake brand, Williams Sonoma Home, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Rejuvenation, Mark & Graham and GreenRow. Weaker gross margin hurts H&M's profitability in Q1 H&M on Thursday reported first-quarter net sales increased 3% year over year to 55.3 billion Swedish Krona (about $5.5 billion). The company's profitability during Q1 was negatively impacted by weaker gross margin that was affected by increased markdowns, customer investments and external factors, according to an earnings announcement. Gross margin was 49.1% compared to 51.5% last year. CEO Daniel Ervér said it continued to 'optimise the store portfolio' through store closures, 40 net of which shuttered during the quarter. 'Although we have made important progress in our plan and have good cost control, our sales and earnings in the quarter were somewhat weaker than planned – but the first quarter is the smallest quarter of the year for us in terms of sales and margin, and we are confident going forward,' Ervér said in a statement. Sally Beauty partners with Uber Eats Sally Beauty entered the Uber Eats platform on Tuesday, making its products available for delivery nationwide. This is Uber Eats first national beauty partnership and, to honor it, customers can get half off purchases $50 or more through March 31. 'Being the first beauty retailer to partner with Uber Eats allows us to take convenience to the next level, further expanding our same-day delivery reach nationwide, making our quality products more accessible than ever before,' Natalie Lockhart, group vice president of strategy, customer insights and digital experience at Sally Beauty Holdings, said in a statement. Michelle Obama, Steph Curry partner to launch Plezi Hydration Plezi Nutrition, the company co-founded by former First Lady Michelle Obama, announced this week that it teamed up with NBA star Steph Curry to create a healthier sports hydration drink. "I'm excited to team up with Plezi to launch Plezii Hydration, a game-changing hydration beverage that I believe can make a real difference for anyone looking to perform at their best," Curry said in a statement. "We've created something with smart ingredients and unbeatable flavor, so people can fuel their bodies the right way. No nonsense, no shortcuts — because the next generation deserves better." Plezi said the beverage touts qualities like two-times the electrolytes, half the sugar, seven-times the potassium and less sodium compared to other sports drinks. The beverage comes in three flavors — lemon lime, tropical punch and orange mango twist — and is available in 16.9-ounce bottles for $2.29. The product is available nationwide on Amazon, as well as in California at Walmart, Albertsons, Safeway, Vons and Pavilions locations. 'At Plezi, we're always thinking about how we can change the game when it comes to nutrition," Obama said in a statement. 'We're excited to provide a delicious, healthier option for everyone who's trying to get active and stay hydrated." 7-Eleven reintroduces an April Fool's Day sweet treat 7-Eleven's Mystery Donut for April Fool's Day is returning for a limited time. The Bismark-style donut features an unknown flavor filling. Customers can take their guess at the Mystery Donut flavor at participating 7-Eleven, Speedway and Stripes locations from Tuesday through April 29. "Every April, we like to add a little mischief to our bakery offerings with the Mystery Donut as an unexpected twist that's all about surprising our customers in the spirit of April Fool's Day," Brandon Brown, senior vice president of Fresh Foods at 7-Eleven, said in a statement. "It may seem like a prank, but it's no joke!' $268,553 That's how much GameStop paid to provide executive security services for CEO Ryan Cohen for the fiscal year ending on Feb. 1. 'We believe these arrangements and costs are reasonable, appropriate, necessary and in the best interests of the company and its stockholders, as they enable Mr. Cohen to carry out his responsibilities,' the company wrote in a document filed with the U.S. Securities and Exchange Commission. GameStop doesn't consider the securities to be a personal benefit or compensation paid to Cohen. 120 That's how many employees Mattel will lay off at its headquarters, according to a March 17 notice filed in California in accordance with the Worker Adjustment and Retraining Notification Act. The permanent layoffs are effective on May 19. Mattel did not immediately respond to Retail Dive's requests for comment. The company said last year it was targeting $200 million in cost savings by 2026. Retailers face prolonged stretch of downbeat consumer sentiment The Conference Board said this week that its measure of consumer expectations for employment, business conditions and personal finance fell to its lowest point in 12 years and uncomfortably below the threshold that can signal a recession. Its measure of consumers' confidence in the economy fell for the fourth straight month. This tracks with other research, including last week's University of Michigan's monthly consumer survey, which one economist called 'a horrific report.' Much of the anxiety is fueled by the tariffs imposed by the Trump administration, which announced auto levies earlier this week. 'If there was a silver lining in [The Conference Board's] March report, it was that consumer perceptions of the labor market held steady relative to February,' Wells Fargo economists Tim Quinlan and Jeremiah Koh said in a research note this week. 'Even so, an overall theme of uncertainty is broadly setting in for the consumer, and the short term policy outlook does not portend an end to this uncertainty with new tariffs on the horizon in April.' Sign in to access your portfolio

Miami Herald
27-03-2025
- Health
- Miami Herald
Forget, Trump, Michelle Obama wants to take down Pepsi, Coca-Cola
Michelle Obama continues to go strong with her health-focused agenda even after serving as the First Lady of the U.S., which ended in 2017. During her time in the White House, the former first lady launched "Let's Move!," an initiative to raise a healthier generation of kids and fight obesity in the U.S. by promoting healthy eating habits and physical activity. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter "This isn't just a policy issue for me. This is a passion. This is my mission. I am determined to work with folks across this country to change the way a generation of kids thinks about food and nutrition," said Mrs. Obama in a statement. Related: Popular delivery app wants you to finance lunch In 2014, she also introduced the School Wellness Standards, which proposed local school wellness policies to ensure that unhealthy food is eliminated from school cafeterias and replaced with healthier options. Plezi Nutrition, co-founded by Mrs. Obama, announced the launch of a new, better-for-you sports drink, making it the company's third product launch since its inception in 2023. The new Plezi Hydration aims to be healthier than the rest to stand out among its strongest rivals. It contains about half the sugar and sodium, over seven times the potassium, and fewer calories than its competitors. To provide some variety and adapt to consumer's preferences, this new beverage is available in ready-to-drink 16.9-ounce bottles and comes in three different flavors: Lemon Lime, Tropical Punch, and Orange Mango Twist. Depending on their location, customers can purchase Plezi Hydration and all its other products on Amazon, Albertsons, Safeway, Walmart, and more. Related: Forget McDonald's, Walmart adds a new restaurant partner "At Plezi, we're always thinking about how we can change the game when it comes to nutrition," said Mrs. Obama in a statement. "We're excited to provide a delicious, healthier option for everyone who's trying to get active and stay hydrated," she added. However, as great and healthy as this drink claims to be, the ingredients list is quite long. It contains filtered water, pear, apple, and watermelon juice from concentrate, soluble vegetable fiber, citric acid for freshness, potassium citrate, natural flavors, vegetable juice color, sea salt, vitamin C (ascorbic acid), and stevia leaf extract. As the former First Lady, Mrs. Obama has a long list of celebrity friends on her speed dial. So, it is no surprise that the company has partnered with NBA star Stephen Curry and his wife, Ayesha, to promote the new energy drink. View the original article to see embedded media. Not only are the Currys ambassadors for the brand, but they are also co-founders of Plezi Hydration and contributed to creating the product, packaging, and marketing, which explains why Curry's name is printed on the bottle. This latest launch is Plezi's way of entering into a new beverage category that has gained traction with its competitors over the last few months. More Retail News: Target makes bold move to answer Walmart, AmazonMajor healthcare company filed for Chapter 11 bankruptcy Popular skincare brand takes advantage of egg crisis Hydration and better-for-you products seem to be the latest trends companies are beginning to follow to stay relevant in the ever-evolving consumer market. Within the last few months, Celsius (CELH) launched a Hydration line, Coca-Cola (KO) unveiled BodyArmor, PepsiCo (PEP) released Gatorade Hydration Booster, and Unilever (UL) acquired Liquid I.V. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.