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Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of these Greek maritime moguls to record highs and minting at least seven new 10-figure fortunes.<br/><br/>Forbes estimates there are now at least 12 shipping billionaires in Greece, more than at any other time in history. Seven of them are making their debut in Forbes’ billionaire ranks. They are worth a collective $32 billion—the equivalent of roughly 12% of the country’s gross domestic product.<br/><br/>These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos, who launched the global oil tanker trade after World War II and became famous for their glamorous marriages and lifestyles. This newer group has been in shipping for decades but kept a lower profile. (Despite their success, none would speak to Forbes, while their representatives either declined to comment or did not respond.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/05/13/meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil/?sh=6323b9ce74f1<br/><br/>0:00 Introduction<br/>0:24 Greece's Presence In The Shipping Industry<br/>2:46 How Has Greece Made So Much Revenue With Shipping<br/>6:59 How Onassis and Niarchos Reached 10 Figure Status<br/>12:44 Tax Sanctions And Where It Applies In Greece<br/>15:20 How Long Will Greece's Shipping Boom Last<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.
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My Name is Khan, introduces us to a global, multicultural theme from the<br/>perspective of an innocent Muslim in the horror of the post-9/11 United States.<br/>Victimized for being autistic in his native India, Rizvan Khan also faces the<br/>perennial violence and hate generated by the anti-Muslim pogroms there. While<br/>an impressionable child, his mother, Razia Khan, teaches him a very profound<br/>ethical lesson - that irrespective of caste, class, race, religion, or ethnicity, there<br/>are only two kinds of people - good ones who do good deeds, and bad ones who<br/>do bad deeds.<br/>After immigrating to the United States, Rizvan works as a salesman for his<br/>brother Zakir Khan’s herbal beauty products company. Due to his strong work<br/>ethic, he is able to enjoy the benefits of the American Dream. Despite opposition<br/>from his brother, he marries a Hindu divorcee, Mandira, who has a 6-year old son,<br/>Sameer, and becomes part of her family. They work hard, lead a happy life, and<br/>are well integrated into a multicultural community.<br/>After the tragic events of 9/11 Rizvan’s whole world turns upside down.<br/>Due to prejudice, Mandira's customers abandon her beauty salon and she is forced<br/>to close and seek work elsewhere. 9/11 marks a watershed moment concerning<br/>the rights of Muslims in the US. The ignorance, fear, racism, and hysteria<br/>generated by the media lead to stereotyping, demonization, stigmatization, and<br/>brutal attacks against Muslims. The film depicts the cruel, inhumane, and racist<br/>character of American society, where Muslims are considered less than human<br/>and their rights trampled upon with impunity, based on unsubstantiated and vague<br/>suspicions. Due process and equal protection rights are disregarded due to the<br/>hysteria generated by terrorism. We see events get even uglier when Sameer,<br/>Mandira's son, is killed by four racist bullies at his school. Mandira is beside<br/>herself with grief and blames Rizvan and his Muslim-ness for all their woes. She<br/>asks Rizvan to leave and only return when he is able to tell the President of the<br/>United States that he is not a terrorist. Accordingly, Rizvan leaves San Francisco<br/>in search of the President to deliver his message.<br/>This movie depicts the gross violations of the civil/human rights<br/>experienced by the Muslim community in the US, which arose from prejudice,<br/>collective blame, and hate incited against Muslims. While attempting to meet<br/>President Bush, Rizvan is arrested for suspicion of being a terrorist and is placed<br/>in solitary confinement, in flagrant violation of his constitutional rights. He is<br/>strip/cavity searched and dehumanized by overzealous law enforcement agents<br/>and classified as a dangerous terrorist. In time, due to the advocacy of Rizvan's<br/>friends, the authorities realize they have made a mistake and release him.
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Americans owe over $1 trillion collectively in credit card debt, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance per consumer exceeds $6,000, up 8.5% from the previous year. More borrowers are falling behind on credit card payments, with less than 9% of balances transitioning to delinquency. Serious delinquencies past 90 days reached their highest level since 2010. Younger adults have taken on more debt to cover the rising rent costs, student loans, and auto loans. Credit cards charging an average of 20% interest are typically the most expensive debt.
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Explore the intriguing journey of \
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