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Benny Blanco's $50 million net worth is impressive but Selena Gomez’s jaw-dropping fortune will leave you speechless
The Economic Times· 2025-09-28 11:38
Core Insights - Selena Gomez married music producer Benny Blanco in a ceremony attended by around 170 guests, including notable celebrities [1][9] - Benny Blanco's net worth is estimated at $50 million, with significant earnings from his music production career [3][5] - Selena Gomez's net worth is significantly higher at $700 million, attributed to her diverse ventures including her cosmetics brand Rare Beauty, which is valued at over $1 billion [5][7][8] Benny Blanco's Financial Overview - Benny Blanco sold 93 songs from his catalogue to Hipgnosis Songs Fund Limited in 2019, with comparable sales in the $40-50 million range [3][9] - He has made several real estate investments, including a $9.2 million mansion in Los Angeles and a $2.34 million home in West Hollywood [5][9] - His net worth in 2025 is projected to remain at $50 million, reflecting his successful career in the music industry [5][9] Selena Gomez's Financial Overview - Selena Gomez's net worth is driven by her successful ventures, including a $30 million partnership with Puma and a $10 million deal with Coach [8][9] - She earns approximately $6 million per season from her role in Hulu's "Only Murders in the Building," where she also serves as an executive producer [8][9] - Her mental health startup, Wondermind, co-founded in 2022, was valued at $100 million in the same year, further contributing to her wealth [8][9]
LanzaTech, Mibelle Group, and Fraunhofer IGB Achieve Technology Breakthrough with Production of Palm Oil Substitute
Globenewswire· 2025-09-02 12:00
Core Insights - LanzaTech has developed a revolutionary technology that expands feedstock options for the Hydroprocessed Esters and Fatty Acids (HEFA) pathway for Sustainable Aviation Fuel (SAF), while also providing a sustainable alternative to palm oil [1][8] - The collaboration with the Fraunhofer Institute and Mibelle Group has led to the creation of a palm oil substitute that meets the functional requirements of the cosmetics industry, addressing sustainability and supply chain challenges [2][4] - The innovative dual fermentation technology converts waste CO2 into alcohol and subsequently into a palm oil-like fat, with production scaling efforts currently underway [6] Industry Context - The global reliance on palm oil has resulted in significant environmental issues, including deforestation and CO2 emissions, highlighting the need for sustainable alternatives [5] - LanzaTech's technology is positioned to play a crucial role in the decarbonization of the aviation sector by providing advanced feedstock for SAF production [7][9] - The versatility of LanzaTech's technology allows for the transformation of ethanol into synthetic oils, which can serve as alternatives to conventional HEFA feedstocks, thereby enhancing the sustainability of aviation fuels [8][9]
拼多多千亿扶持,如何改写产业带源头工厂的转型逻辑?
Core Insights - Pinduoduo is effectively connecting consumers directly with source factories, eliminating unnecessary markups and ensuring affordability without compromising quality [1][4][9] - The e-commerce industry is not in a stagnant phase; instead, it is poised for growth driven by new consumption patterns and technologies, with platforms like Pinduoduo playing a pivotal role in creating a win-win ecosystem for merchants and consumers [1][4] Group 1: Pricing and Cost Structure - The price discrepancies in summer products can be attributed to the information gap; for instance, a sunscreen shirt costs around 40 yuan to produce, yet is sold for only 49.9 yuan on Pinduoduo due to the elimination of additional costs [2][4] - A basic sunscreen umbrella has a production cost of only 10 yuan, demonstrating that high retail prices often stem from marketing and distribution rather than material costs [3][4] - Pinduoduo's "billion subsidy" and "thousand billion support" initiatives help reduce marketing costs for factories, allowing them to offer products at lower prices while maintaining reasonable profit margins [4][9] Group 2: Employment and Economic Impact - Pinduoduo has contributed to the creation of over 55 million jobs, significantly benefiting women and older demographics, and fostering a community-oriented work environment [11] - Factories supported by Pinduoduo are often located in rural areas, providing local employment opportunities and allowing traditional craftsmanship to thrive in modern markets [10][12] - The platform's support has transformed small workshops into larger factories, enabling local residents to transition from agriculture to manufacturing jobs, thus improving their livelihoods [13]