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How One Billionaire Lost Millions And Left Underserved Scholarship Students In Limbo
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How Lithuanian Startup Vinted Spun Secondhand Clothes Sales Into Gold | Forbes
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India: Fire rages at Delhi landfill site amid heatwave
⏲ 1:7 👁 455K
Dyche on Everton easing relegation fears with 2-0 win over Forest
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This $10.2M Villa Along The French Riviera Revels In Its Glamorous Past | Real Estate | Forbes
⏲ 1:58 👁 4.2M
Touching moment brother and sister are reunited after 45 years
⏲ 0:46 👁 1.6M
Garnacho has apologised for liking tweet - Ten Hag
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UK Rwanda deportation flights to start 'in 10 to 12 weeks' – Sunak
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_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.jpg "On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold-124-forbes.jpg "Thomas Plantenga bet the future of Vinted on a television advertisement. The secondhand clothing resale app was burning $1 million per month and had less than a year of cash left when Plantenga made an $800,000 gamble on French television. It was May 2016, and Plantenga had recently been hired to save the eight-year-old Lithuanian startup. After its founding at a college party in 2008, Vinted had grown rapidly as people from 10 countries used its platform to buy and sell secondhand clothes. <br/><br/>But it was free for users, barely covering its server costs with advertising, and an attempt in 2014 to bolt on a Poshmark-style 20% sales commission resulted in a user revolt. Traffic almost halved overnight. The Netherlands-born Plantenga, who had never been to Lithuania, signed up for a five-week gig as a consultant in May 2016. He ended up becoming Vinted’s CEO 18 months later.<br/><br/>Seven years later, Vinted is one of Europe’s largest consumer marketplaces, with over $600 million of revenue in 2023. It now counts 100 million users globally. Last year, it posted its first annual profit—at least $20 million—distinguishing it from its loss-making American cousins including The RealReal (valued at $360 million), ThredUp ($200 million) and Poshmark (sold for $1.2 billion). Vinted became the Baltic nation’s first unicorn in 2019 when it raised $140 million at a $1.1 billion valuation, and sales have since grown sixfold. <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/iainmartin/2024/04/15/how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold/?sh=5a47e3eaa3f0<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_india-fire-rages-at-delhi-landfill-site-amid-heatwave.jpg "A massive fire raged at one of India's largest landfill sites amid a heatwave.Footage shows the inferno engulfing the huge rubbish mountain at the Ghazipur landfill site in Delhi on April 21 evening.Residents choked on the noxious fumes as the blaze continued to burn through the methane-filled site containing some 8.4 million tonnes of waste on Monday, April 22.A resident, Nazra, said: 'I live here and the smoke is causing discomfort to the eyes. We are also having difficulties in breathing. The entire colony is disturbed. Last time, when the landfill caught fire, there were casualties.'Another resident, Ram Kumar, said: 'We are unable to keep our eyes open due to irritation and are experiencing difficulty breathing.'An unnamed local slammed the government, saying the fires were a longstanding problem in the community around the landfill. They said: 'We have been facing this problem since the 1990s. We have been dealing with diabetes, high blood pressure, thyroid problems, and irritation in the eyes due to the smoke. Even small children are suffering due to it. We are not able to go out. No one is paying attention to our problems, be it the Delhi government or the central government.'Firefighters were at the scene to contain the fire, which erupted during soaring temperatures in the country.")
_dyche-on-everton-easing-relegation-fears-with-2-0-win-over-forest.jpg "Everton boss Sean Dyche reacts to his side easing their relegation fears with a 2-0 win over Nottingham Forest in the Premier League<br/>Goodison Park, Liverpool, UK")
_this-3610-2m-villa-along-the-french-riviera-revels-in-its-glamorous-past-124-real-estate-124-forbes.jpg "When this elegant Roquebrune-Cap-Martin villa was built in the 1920s, the French Riviera was already a coveted destination for the world’s wealthy and artistic.<br/><br/>The Belle Epoque had fueled tastes for opulence and lavishness. Clear blue Mediterranean waters, hillside landscapes and the mild climate drew inspiration-seeking writers, artists and intellectuals. Roquebrune-Cap-Martin’s grand hotel was a summer holiday destination for the likes of Winston Churchill and Queen Victoria.<br/><br/>This villa along the French Riviera consists of the multistory main house and a quaint staff residence set on nearly an acre of landscaped and manicured grounds. Ornate detailed windows, a balcony-topped portico and decks give the private residence the aura of a sophisticated boutique hotel. With more than 6,100 square feet of living space, the property contains 12 bedrooms and 11 bathrooms.<br/><br/>Read the full story on Forbes:<br/>https://www.forbes.com/sites/forbes-global-properties/2023/09/13/belle-epoque-villa-along-the-french-riviera-revels-in-its-glamorous-past/<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_touching-moment-brother-and-sister-are-reunited-after-45-years.jpg "This is the touching moment a brother and sister were finally reunited after 45 years of living on opposite sides of the planet.<br/><br/>Tony Beckett, 69, and Mary Dunstan, 72, last saw each other in 1979 before Mrs Dunstan moved to Adelaide, Australia.<br/><br/>The pair emotionally reunited at Norwich train station after 45 years of living apart on April 16.<br/><br/>Mr Beckett, from Cantley, Norfolk, said: \")
_garnacho-has-apologised-for-liking-tweet-ten-hag.jpg "Manchester United boss Erik Ten Hag said Alejandro Garnacho has apologised for liking a tweet which criticised Ten Hag substituting him in their last game<br/>Carrington, Manchester, UK")
_uk-rwanda-deportation-flights-to-start-39in-10-to-12-weeks39-sunak.jpg "UK Rwanda deportation flights to start 'in 10 to 12 weeks' – Sunak<br/><br/>UK Prime Minister Rishi Sunak promises that flights deporting asylum seekers to Rwanda will begin in \")
_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.webp "On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold-124-forbes.webp "Thomas Plantenga bet the future of Vinted on a television advertisement. The secondhand clothing resale app was burning $1 million per month and had less than a year of cash left when Plantenga made an $800,000 gamble on French television. It was May 2016, and Plantenga had recently been hired to save the eight-year-old Lithuanian startup. After its founding at a college party in 2008, Vinted had grown rapidly as people from 10 countries used its platform to buy and sell secondhand clothes. <br/><br/>But it was free for users, barely covering its server costs with advertising, and an attempt in 2014 to bolt on a Poshmark-style 20% sales commission resulted in a user revolt. Traffic almost halved overnight. The Netherlands-born Plantenga, who had never been to Lithuania, signed up for a five-week gig as a consultant in May 2016. He ended up becoming Vinted’s CEO 18 months later.<br/><br/>Seven years later, Vinted is one of Europe’s largest consumer marketplaces, with over $600 million of revenue in 2023. It now counts 100 million users globally. Last year, it posted its first annual profit—at least $20 million—distinguishing it from its loss-making American cousins including The RealReal (valued at $360 million), ThredUp ($200 million) and Poshmark (sold for $1.2 billion). Vinted became the Baltic nation’s first unicorn in 2019 when it raised $140 million at a $1.1 billion valuation, and sales have since grown sixfold. <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/iainmartin/2024/04/15/how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold/?sh=5a47e3eaa3f0<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_india-fire-rages-at-delhi-landfill-site-amid-heatwave.webp "A massive fire raged at one of India's largest landfill sites amid a heatwave.Footage shows the inferno engulfing the huge rubbish mountain at the Ghazipur landfill site in Delhi on April 21 evening.Residents choked on the noxious fumes as the blaze continued to burn through the methane-filled site containing some 8.4 million tonnes of waste on Monday, April 22.A resident, Nazra, said: 'I live here and the smoke is causing discomfort to the eyes. We are also having difficulties in breathing. The entire colony is disturbed. Last time, when the landfill caught fire, there were casualties.'Another resident, Ram Kumar, said: 'We are unable to keep our eyes open due to irritation and are experiencing difficulty breathing.'An unnamed local slammed the government, saying the fires were a longstanding problem in the community around the landfill. They said: 'We have been facing this problem since the 1990s. We have been dealing with diabetes, high blood pressure, thyroid problems, and irritation in the eyes due to the smoke. Even small children are suffering due to it. We are not able to go out. No one is paying attention to our problems, be it the Delhi government or the central government.'Firefighters were at the scene to contain the fire, which erupted during soaring temperatures in the country.")
_dyche-on-everton-easing-relegation-fears-with-2-0-win-over-forest.webp "Everton boss Sean Dyche reacts to his side easing their relegation fears with a 2-0 win over Nottingham Forest in the Premier League<br/>Goodison Park, Liverpool, UK")
_this-3610-2m-villa-along-the-french-riviera-revels-in-its-glamorous-past-124-real-estate-124-forbes.webp "When this elegant Roquebrune-Cap-Martin villa was built in the 1920s, the French Riviera was already a coveted destination for the world’s wealthy and artistic.<br/><br/>The Belle Epoque had fueled tastes for opulence and lavishness. Clear blue Mediterranean waters, hillside landscapes and the mild climate drew inspiration-seeking writers, artists and intellectuals. Roquebrune-Cap-Martin’s grand hotel was a summer holiday destination for the likes of Winston Churchill and Queen Victoria.<br/><br/>This villa along the French Riviera consists of the multistory main house and a quaint staff residence set on nearly an acre of landscaped and manicured grounds. Ornate detailed windows, a balcony-topped portico and decks give the private residence the aura of a sophisticated boutique hotel. With more than 6,100 square feet of living space, the property contains 12 bedrooms and 11 bathrooms.<br/><br/>Read the full story on Forbes:<br/>https://www.forbes.com/sites/forbes-global-properties/2023/09/13/belle-epoque-villa-along-the-french-riviera-revels-in-its-glamorous-past/<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_touching-moment-brother-and-sister-are-reunited-after-45-years.webp "This is the touching moment a brother and sister were finally reunited after 45 years of living on opposite sides of the planet.<br/><br/>Tony Beckett, 69, and Mary Dunstan, 72, last saw each other in 1979 before Mrs Dunstan moved to Adelaide, Australia.<br/><br/>The pair emotionally reunited at Norwich train station after 45 years of living apart on April 16.<br/><br/>Mr Beckett, from Cantley, Norfolk, said: \")
_garnacho-has-apologised-for-liking-tweet-ten-hag.webp "Manchester United boss Erik Ten Hag said Alejandro Garnacho has apologised for liking a tweet which criticised Ten Hag substituting him in their last game<br/>Carrington, Manchester, UK")
_uk-rwanda-deportation-flights-to-start-39in-10-to-12-weeks39-sunak.webp "UK Rwanda deportation flights to start 'in 10 to 12 weeks' – Sunak<br/><br/>UK Prime Minister Rishi Sunak promises that flights deporting asylum seekers to Rwanda will begin in \")
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