Facebook shall now be called FaceBANK as the company prepares to go public!  Facebook updated its status Wednesday revealing that it plans to  go public, a move some anticipate to raise as much as $100 billion dollars.

A Facebook valuation of roughly $100 billion would rank the company just below McDonald’s, which is currently 25th, at $101.5 billion.

If its initial public offering of stock goes according to plan, Facebook or its ticker symbol “FB” will probably make its stock-market debut in three or four months as one of the world’s most valuable companies.

In its regulatory filing with the Securities and Exchange Commission, Facebook Inc. indicated it hopes to raise $5 billion in its IPO. That would be the most ever for an Internet IPO, easily surpassing Google Inc. and its early backers raised $1.9 billion in 2004.

Facebook Facebank recently revealed its financials for the first time, in 2011, the company’s net income rose 65% to $1 billion. Its revenue rose 88% to $3.7 billion. Facebook is also spending more, with expenses more than doubling to $1.96 billion last year.

If Facebook performs according to plan, only the IPOs of 14 companies would rank higher than Facebook’s. Among them were Visa Inc.’s $17.9 billion IPO in March 2008, the largest for a U.S. company, and world-topper Agricultural Bank of China Ltd., which raised $19.3 billion in July 2010, not including extra shares issued to meet demand.

This Article: FaceBANK – Status Update… Rich! was originally posted and featured on Richtastic.com !!

Steve Gablin just found out how much his Kitty is worth.. and it can potentially be ALOT! Gablin recently appeared on ABC’s Shart tank to get an investment for his business www.IwantToDrawACatforyou.com. Basically, a website where Gablin draws stick figures of cats by request (yes, really).

Dallas Maverick Mark Cuban jumped at the concept and invested $25k for 33% of his business.  Within 30 seconds of the show airing and receiving Cuban’s blessing, Gadlin’s site crashed.

Gadlin has received over a thousand orders in the past few days, where before he averaged between 10-40 a week. Gadlin charges $9.95 for his customized cat drawings … and they only cost him about $0.63 in materials.

Mark Cuban, said

Gablin says he’s going to take a week off from his real job as a web developer to catch up with the demand.

Seriously dude, how about taking a lifetime off, you will have enough money too soon!

Check out the video of his appearance on Shark Tank below!

This Article: How Much Is Your Kitty Worth? was originally posted and featured on Richtastic.com !!

Want to know what the rich are buying?  There are 10 top luxury brands worldwide with billions in sales annually and counting.  Did any of your favorite brands make the cut?

10. Yves Saint Laurent.

This was the first fashion house to launch a women’s ready to wear line in 1966 taking their business to the next level.  A men’s line soon followed in 1974. The Gucci group acquired Yves Saint Laurent in 1999.

9. Prada.

The next top luxury brand is Milan-based Prada. Prada started as a leather goods company in 1913 by Mario Prada.  In 1978 Miuccia, his granddaughter acquired the company and transformed the business into a fashion apparel company.  The Prada claim to fame is the signature Prada leather nylon handbag.

8. Ralph Lauren.

Ralph Lauren started off as a Brooks Brothers tie salesman.  Today, with 35 boutiques in the US, Lauren’s personal fortune is over $4.2 billion. Lauren has three collections Polo is the fast-fashion-fix line for the young metropolitan male; Black Label is a more upscale, edgier version of city dressing; and Purple Label is the ultimate deluxe line.

7. Giorgio Armani.

Giorgio Armani, 74, is the only shareholder, president and chief executive of this designer powerhouse. Armani specializes in everything luxury goods, from apparel, cosmetics and home interior products.  The brand has seven brand names under the company.  They are best known for menswear.

6. Versace.

Gianni Versace started the Milan based company in Milan in 1978. Gianni died in 1997 and his sister Donatella Versace stepped in as creative director. The company went public and is still entirely owned by the Versace family. The company is known for its flashy embellished style.

5. Christian Dior.

Founded in 1945, the company quickly made its mark with its signature fitted jacket with a nipped-in waist and full calf-length skirt. This French fashion house is run by John Galliano and is owned by the LVMH luxury goods group.

4. Louis Vuitton.

Louis Vuitton was founded in 1854 as a luggage retailer and is now a main division of the French holding company LVMH. The top luxury brand has one of the most notable monograms.  Marc Jacobs is its creative director.

2. Calvin Klein (tie).

Started in 1968, Calvin Klein and an investor started the company with a small line of men and women’s coats. Calvin Klein did not make it big time until he set off the designer jean crazy by putting his name on each pair’s back pocket.  Advertisements featured a 15-year-old Brooke Shields who famously said, “Nothing comes between me and my Calvin’s.”  The company was bought by Phillips Van Heusen in 2003.

2. Chanel.

No wonder this brand is tied for second place, as Chanel is one the biggest luxury brands in the world. The company started in 1909 by Gabrielle “Coco” Chanel, and made her name by offering women no-nonsense, elegant, relaxed and functional clothes.  Today, the tweed Chanel suit with a nipped-at-the-waist cardigan jacket remains one of the most popular–and most copied–fashion staples.  In 1983 Karl Largerfeld stepped in and reinvigorated the brand with more sexiness.

1. Gucci.

Guccio Gucci founded the house of Gucci as a saddler shop in Florence in 1906. The company logo is one of the best known symbols in the luxury brand industry. The company started off selling leather bags to horsemen and progressed into luxury luggage as clients progressed. Today, with Frida Giannini at the creative helm, handbags with the interlocking double-G logo are among the company’s biggest money makers.

This Article: World’s Top 10 Luxury Brands was originally posted and featured on Richtastic.com !!

Ali Brown is an entrepreneur, business consultant and publisher.  Her words of wisdom are:

This rags to Richtastic story starts off like they all do, dead end job and the will and the determination to step out and do it on her own. Brown changed her destiny when she quit her job and immersed herself in books on marketing and success.

In 1998, equipped with her brother’s hand me down computer she launched her first marketing agency called AKB Communications. The kitchen table became her place to prep dinners and make power moves.

Brown was determined to make it work; she maxed out her credit cards and cleaned out her bank account. Through many struggles, Brown finally found her voice and built a huge empire to be admired.

Ali’s proficiency at marketing her business via e-mail newsletters or e-zines earned her the moniker “Ezine Queen”.  This lead to projects with prestigious clients such as New York Times Digital, Adweek Magazines, Scholastic Books, and Dun & Bradstreet.

Brown’s advice to anyone thinking to be become an entrepreneur,

For those who are willing to take the leap of faith, she advises:

CEO of Ali International LLC, she has created a dynamic enterprise that is devoted to empowering women entrepreneurs around the world and currently has over 50,000 members in her online and offline programs.

Richastic tip, you do not live in a vacuum, seek out formal (in-person) and informal (books, online) mentors to help you along your journey.

This Article: Rags to Richtastic – Ali Brown was originally posted and featured on Richtastic.com !!

How would you like to walk around with a cool $11 million in your pocket? That is the price the most expensive watch in the world, sold for by Sotheby’s back in 1999.

This is not your daddy’s Timex!

The Henry Graves Supercomplication 1932 holds the title of the most expensive watch in the world.

The Henry Graves Supercomplication – $11 million. Yellow-gold pocket watch with two faces and 24 complications, this exquisite time piece took four years to build. It was made by Patek Philippe & Co., a Swiss luxury watch manufacturer.

Caliber 89 – $5 million. Another Patek Philippe creation, this 18-karat white gold clock watch has 33 functions and has the title of the most complicated watch in the world.  The clock has dials for sunrise and sunset and dials for a second time zone.

Platinum World Time – $4.02 million.  This is the most expensive wrist watch ever made, as far as we know it is the only one made in the world.

Model 2523 Heures Universelles -$2.8 million. This 18-karat timepiece is a world time watch with a map of North America made with an intricate design with polychrome cloisonné enamel.

Model 2499 First Series $2.2 million.  Only 5 of these have showed up in public auction. It is an 18-karat rose-gold watch.

Model 1591 – $2.26 million. This is a stainless steel wrist watch, only 1 of 2 made. It is the most expensive stainless steel watch ever sold.

Model 2499 First Series – $2.1 million. This is an 18-karat rose-gold wrist watch with a perpetual calendar and moon-phase dial.

Grand Complication 1926 – $1.98 million. Henry Graves Jr., a prominent New York financier had this watch made for him. The Grande Complication watch has 12 complications including a bi-directional winding mechanism, twin-barrel and a perpetual calendar.

The Grogan – $1.94 million. This wristwatch has a cushion shaped case and made for a left had wearer.

The Officier – $1.91 million. An 18-karat yellow gold and has a chronograph and a 60-minute register.

Take a look at these watches closely, as you never know whose wrist they would show up on! You never know, it may be yours!

This Article: 10 Most Expensive Watches in the World was originally posted and featured on Richtastic.com !!

The top 10 Hollywood teen stars are miles away from paper routes with the kind of cash they are making these days.  These ‘baby ballers’ are forces to be reckoned with and they have the millions to show for it.

Not even legal to drink, these teens have enough cash to buy small countries.

The king of the sandbox is none other than Justin Bieber.  This teen pop sensation made his 53 million in 2010 from his smash movie “Never Say Never” and his hit fragrance “Someday”.  “Never” was the most successful concert-themed film ever made in the US. It grossed more than $98 million worldwide.

Miley Cyrus (18) – $48 million

Hanna Montana aka Miley Cyrus is a close second. Touring is the bulk of Miley’s income

Nick Jonas (18) – $12.5 million

Part of the world famous Jonas brothers, Nick Jonas made his money from record sales.  He edges out his brothers from TV appearances and his work on Broadway.

Taylor Lautner (19) – $8.5 million

Team Jacob!  Known for his role as Jacob the wolf in the Twilight movies, Lautner earned the lion’s share of his income from acting. The Twilight movies have earned billions worldwide.  Lautner can also be seen in the action thriller “Abduction”, where he worked lead and which earned $82 million worldwide.

Angus R. Jones (17) $7.8 million

Jones is the child star of “Two and a Half Men.”  Jones makes $300,000 per episode.

Selena Gomez (19) $5.5 million

The Disney star made her money from the Disney series Wizard of Waverly Place, touring and movies.

Jaden Smith (13) $5 million

Son of Will and Jada Smith, this talented teen earned $5 from his role in “The Karate Kid”

Willow Smith (10) $4 million

The youngest on the list, and sibling to Jaden Smith, her earning are not shabby. Willow made her money from her budding music career.

Dakota Fanning (17) $4 million

Dakota has definitely grown up before our eyes. Dakota made her money from her role in “Breaking Dawn,” part of the Twilight Movie series.

Elle Fanning (13) $1.5 million

Rounding out our list and the younger sister to Dakota, Elle made her money from the movie “Super 8.”

This Article: 10 Richest Teen Stars was originally posted and featured on Richtastic.com !!

Where else but in America does being the roommate to someone pays off in billions! Talk about winning the dorm pool on roommates, Dustin Moskovitz is the world’s youngest billionaire, all because he got stuck rooming with Mark Zuckerburg at Harvard.

Everyone knows Mark Zuckerburg as the founder of Facebook, but less people know of the other founding players.  Moskovitz is one rich college drop out!

What makes Moskovitz the world’s youngest billionaire is he is 8 days junior to Zuckerburg.   Moskowitz was the third employee of Facebook, way back when it was called www.thefacebook.com.

The two, along with Eduardo Saverin and Chris Hughes dropped out of Harvard and moved to California to work for the social networking firm full time; he was its first chief technology officer and then vice president of engineering.

What makes Moskovitz the world’s youngest billionaire is his 6 percent share in Facebook, estimated to be worth $3.5 billion and climbing.

Moskovitz left Facebook in 2008 and started Asana with Justin Rosenstein (above right), a software application designed to improve the way people collaborate in groups and manage projects.  When you are worth billions you can go and do what you want.

Asana organizes work flow within a news-feed like layout and shared with many of the products created by former employees at Facebook the attempt to address social interaction online.

Asana is powered by Luna, a JavaScript-based web framework developed by the company.

Look out for more to come from the youngest billionaire in the world.

This Article: The World’s Youngest Billionaire was originally posted and featured on Richtastic.com !!

You might be surprised at some of the professions that are make six figures annually.  It maybe people you already know and underestimate.  Gone are the days where you can predict who makes what.  Move over Dr. Drew, there are some new money makers in town!

1. Human Resources Managers.  The next time you go to HR to find out about your benefits, consider that your HR Executive has some pretty awesome benefits themselves!  The average annual income for the person who implements strategies and policies, hires and fires are starting at $108k and earn up to $166,400.  The best state for HR professional is New Jersey.  The Average annual salary in New Jersey is $134,170. So get your GTL (Gym, Tan, Laundry) on and start shopping that resume to the Jersey Shore. Then again, can you imagine interviewing Snooki day in and day out? That would be a Situation.

2. Art Directors.  For six figures, you can meet celebrities, tell directors what to do, and be their motivation.  Art directors in film production can have a pretty awesome job on their hands. The lower end art director makes $94,100 and can go up to $128,080.  Head to the Big Apple if you want to be on the top end of this industry.  This job sounds interesting as you can be a bully leader in the name of art.

3. Broadcast Industry.  This is a job sector that will give you options in careers and still earn six-figures.  You can choose to be a News Broadcast Analyst, News Writer or a Technical Writer; they earn $146,230; $109,440 and $100,910 respectively.

4. Gaming Manager.  Now here is a high roller working with high rollers as Gaming Managers supervising gambling operations.  Workers on the top of this profession make $116,070 annually.  Pennsylvania is the place to be to make the big bucks.  This profession has low competition however, as only 3,230 Americans nationwide hold this job.

5. Water Vessel Captain.  If you love the sea, this might be the job for you.  Water vessel captains, mates and pilots can make a boatload of money, up to $117,310 annually.  They actually have schools that have this as a major.

So before you change your profession, consider these high earners, however farfetched to what you might be used too.

This Article: They Make Six-figures? Really? was originally posted and featured on Richtastic.com !!

With everyone anticipating the fashion of the 69^th Annual Golden Globes Awards which is scheduled for Sunday, January 15^th at 8 EST/5 PST. Have you thought about how much celebrities spend on their outfits to receive an award worth approximately $250?

Once you factor in the designer gowns, the mile high heels and let’s not forget all that bling… celebrities easily spend upwards of a million dollars for this one evening.

Here are the top five most expensive looks of the Golden Globes:

Jennifer Lopez spent over $5 million on her look at last year’s Golden Globes. She wore a Zuhair Murad designer gown and red bottoms (Christian Louboutin) heels. In addition, she flaunted $3 million Harry Winston cluster earrings, an impressive 7 carats diamond ring, a diamond cluster hair brooch and a Harry Winston cuff loaded with over 600 diamonds. As they say…diamonds really are a girl’s best friend!!

At the same event, Halle Berry wore a black Nina Ricci dress with Harry Winston bangles worth $2.7 million.

In 2011, Helen Mirren glittered on the red carpet in a Badgley Mischka gown and $1.6 million Cartier diamond necklace.

Toni Collette showed off her amazing figure at the 2010 Golden Globes in a sparkling Elle Saab gown and $1.5 million diamond earrings and bracelets from Neil Lane Jewelry.

Neil Lane added some bling to January Jones black Lanvin dress at the 2010 Golden Globes and two huge diamond and platinum bracelets worth over $1 million.

Which look is your favorite to compliment a golden statue?

This Article: Golden Globes Five Most Expensive Looks was originally posted and featured on Richtastic.com !!

Talk about being born with a golden spoon in your mouth. Power couple Jay-Z and Beyonce reportedly spent $1.3 million to reserve an entire suite at New York City’s Lenox Hill hospital for the birth of their first child, Blue Ivy Carter. An entire wing was redecorated and sealed off for the new mama, including personal security guards.

Blue was born on Saturday, January 7, 2012 at a healthy 7 lbs. She will definitely be sleeping in the lap of luxury as her mom purchased a $3500 crib at a NYC boutique back in November. We can only imagine what kind of welcome home presents Princess Blue will be receiving from papa J and mama B famous friends. I wonder if a Target gift card would do?? She will need diapers after all and I haven’t heard of Chanel or Dior making them…at least not as yet!

Congrats Carter family on your bundle of joy!

This Article: Beyonce and Jay-Z welcomes Blue Ivy Carter!! was originally posted and featured on Richtastic.com !!