Russian Billionaires’ Dubai Retreat | Sotheby’s New Chapter | Tiger Woods’ $1.7 Billion Career

Plus: Guns, Gains And God: Four Days In Miami With Crypto's Most Faithful Fans

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Good morning. Dubai has emerged as a favorite destination for the Russian wealthy elite shunned by Europe and its allies. We're also covering how auction house Sotheby's is rewriting its playbook, and reviewing Tiger Woods' $1.7 billion career. Finally, we recap the crypto community's four-day gathering in Miami.

Sofia Lotto Persio Curator-In-Chief | Twitter

In The News Today

Elon Musk won't be joining Twitter's board of directors after all, the company's CEO Parag Agrawal announced, disappointing investors that sent shares down nearly 4%.

Incumbent Emmanuel Macron will face far right candidate Marine Le Pen in the second round of France's presidential election in two weeks.

Top Take-Aways

Russian billionaires are on the hunt for luxury properties in Dubai, attracted by the Emirate's glitzy beaches, flexible visa program and pledged neutrality on Ukraine. MHP is the biggest food company still operating in war-torn Ukraine. They're able to do that thanks to cooperation from brave workers and patient investors who are willing to delay debt payments even though the Kyiv-based company's future looks cloudy. Walmart, America's largest private employer, says its drivers can earn six-figure salaries during their first year at the company, highlighting the extent that companies are willing to go to attract key roles, like truckers, that are currently in short supply. Ex-Goldman Sachs director Roger Ng was convicted on charges of money laundering and bribery for his role in the multi-billion-dollar looting of the Malaysian state fund 1MDB, one of the largest financial scandals in recent history. He faces up to 30 years in prison. After nearly 300 years of doing business in old-fashioned ways, the dual forces of the pandemic and new ownership have pushed venerable auction house Sotheby's to modernize. The return of Tiger Woods to Augusta didn't end with a triumph, but it added another remarkable moment to the 26-year professional journey of the golf legend that once claimed the title of the world's highest-earning athlete for a decade running.

Today's Must Read

Guns, Gains And God: Four Days In Miami With Crypto's Most Faithful Fans In four years, Bitcoin 2022 has become one of the largest conferences of any kind in the world, bigger than Collision and South by Southwest and increasingly close to the size of Las Vegas' Consumer Electronics Show. It puts a dramatic spotlight on the fast money and devil-may-care culture attached to finance's newest industry. Read The Full Story →

In Case You Missed It

Two territories are joining El Salvador in adopting bitcoin as de facto legal tender: Prospera, jurisdiction on the Roatán island off of the northern coast of Honduras, and Madeira, an autonomous region in Portugal.

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At a time when employers are looking for employees to be ambassadors for the company, having a strong personal brand can't hurt your chances of getting promoted or hired in a new job. Here are five ways to build a stronger public profile.

Today's Must Watch

News How To Get A Good Deal On Soaring Airfares   While jet fuel prices, high demand and the pilot shortage are all conspiring to drive airfares up this summer, there are also factors that could mitigate that trend. Watch

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