Home Blog Page 5208

Lisa Kerney (ESPN) Wiki Bio, husband Patrick Kerney, height, net worth

Who is Lisa Kerney from ESPN?

Lisa Diane Gangel Kerney was born on the 8th July 1981, in Kansas City, Missouri USA, and is a 37 year-old reporter and sportscaster, who became famous for her work on the ESPN channel from 2014 until 2018, as one of the anchors of the show “SportsCenter”.  Her career has been active since 2004.

Lisa Kerney Bio: Early Life, Family and Education

Lisa Kerney was raised by her parents Lou and Barbara Gangel, with three sisters and a brother. When she was young the family moved to Leawood, Kansas where Lisa and her siblings spent the rest of their childhood years. According to Lisa, it wasn’t hard to guess what her future profession would be – as a child she would often pretend to be interviewing her family, friends and relatives doing sports activities that they would come up with. Regarding her education, Lisa attended St. Thomas Aquinas High School in Overland Park, Kansas, and played basketball for her high school team, discovering that she was pretty good at it. Having matriculated from high school, she applied for Lynn University in Boca Raton, Florida, and was granted a basketball scholarship. Lisa began studying broadcast communications, while simultaneously leading the Fighting Knights women’s basketball team. She was the point guard as well as captain of the team which competed in the NCAA Division II. During her final year at the University, she was named Female Scholar-Athlete of the Year, and was also the editor of the university newspaper. In addition, in 2003 she applied for an internship with Metro Sports Television in her hometown of Kansas City.

Career Beginnings

Lisa’s dream was to unite two of her favorite passions – sports and journalism. With her Bachelor’s degree in broadcast communications and her experience as a university newspaper editor and Metro Sports Television intern, it did not take her long to be noticed and offered a job as a sportscaster. Her first gig was at KXLF-TV in Butte, Montana – Lisa covered a wide range of roles at the KXLF station, as producer, anchor and reporter for various sports and sports-related topics. Her passion and dedication did not go unnoticed, and during her second year at KXLF-TV she was rewarded with “The Montana Standard” People’s Choice Awards for “Best TV Personality” and “Best Sports Reporter” – it seems as if Lisa had the perfect blend of charisma, professionalism and enthusiasm. In October 2005 she left KXLF-TV and relocated to Seattle, where she spent five years working as weekend sports anchor at KING-TV station, and hosting the show “Northwest Sports Tonight”. After that, she worked for a year at the MLB Network as a sports contributor and reporter, and her final gig before joining ESPN was in New York at WCBS-TV, as an anchor for the “CBS 2 News This Morning” from January 2012 until February 2014.

Lisa Kerney

Work at and Departure from ESPN

Lisa Kerney officially started working on ESPN channel in February 2014; for her, working on one of the biggest sports channels in the world was a dream come true. Lisa is primarily recognized for her work at “SportsCenter”, a daily sports program that serves as the flagship program of ESPN. During her time on the show, the program aired up to twelve times a day and featured various updates, highlight reels, reviews and scores of almost every major sporting event. Lisa was the co-anchor of the program’s 11 p.m. edition, and included offering commentary, covering news stories from around the sports world, and predictions of upcoming major games and events. She also hosted other studio shows such as “Fantasy Football Now”., and was rewarded with the Gordon and Mary Henke Award for Excellence in Communication, as well as Trustees Medal of Honor. However, after four years on the network, Lisa decided to leave ESPN, announcing her decision via Twitter. In the announcement she wrote that she is ‘incredibly proud of the work we accomplished together & grateful for the amazing friends I’ve made along the way’. She did not disclose the reasons behind her departure, having written only that she and ESPN had ‘agreed to part ways’. Not long after her departure Lisa announced that she would be hosting the new TVG/FanDuel gambling show called “More Ways to Win”.

Personal Life

Regarding her personal life, Lisa Kerney is married to former National Football League (NFL) star Patrick Kerney, who was a defensive end for the Atlanta Falcons and Seattle Seahawks. The two met when Lisa was covering a Seattle Seahawks game in 2007, during which Patrick was announced as their new player. The couple has been married since 2010, and have four children. After his football career ended, Patrick enrolled at a business school to acquire a financial planning degree. The family currently reside in New York.

Net Worth

In case you wondered just how rich former ESPN sportscaster Lisa Kerney is, authoritative sources have estimated her net worth at $14 million, acquired through her long-running career in sports journalism.

Social Media and Appearance

Lisa Kerney has an official Instagram account with nearly 32,000 followers, and a Twitter page with nearly 40,000 subscribers. Speaking about her appearance, Lisa has a slim figure and is 6ft (1.82m) tall. She has long blonde hair and brown eyes.

Source: Affair Post

BamBam Net Worth

BamBam Net Worth: BamBam is a South-Korean-based, Thai-born rapper and singer who has a net worth of $10 million. BamBam first earned international fame as a member of the South Korean boy band Got7. He is also a social media and fashion influencer with well over 13 million followers on Instagram alone.

Early Life: BamBam was born Kunpimook Bhuwakul on May 2, 1997 in Bangkok, Thailand. He adopted the stage name BamBam as a reference to Bamm-Bamm from “The Flintstones.”

As a kid he became exposed to music through his mother. She was a huge fan of singers like Rain and brought him to several concerts. He started to learn dance at a young age then began taking singing lessons. He was even part of a dance crew called We Zaa Cool which also featured future Blackpink superstar Lisa.

In 2007 Kunpimook won first prize in the Thailand Rain Cover Dance Competition.

Career: After winning several more competitions, at the age of 13 he had moved to South Korea to become a trainee at JYP Entertainment. He spent more than three years training and practicing in what eventually became the boy band Got7.

The band was officially introduced on January 1, 2014. The group was JYP’s first boy band in 8 years.

On January 16, 2014, Got7 released a music video for the song “Girls Girls Girls.” That same month the group won the New Artist Award at the 29th Golden Disc Awards. They won a similar award at the 24th Seoul Music Awards.

In November 2014 the group released their first full-length studio album, “Identify.”

On June 10, 2015 Got7 released the single “Love Train.”

They released a second full-length album, “Moriagatteyo” in 2016. Also in 2016 they released “Flight Log: Turbulence.”

In 2018 the group released “Present: You” and in 2020 they released “Breath of Love: Last Piece.”

Departure from JYPE: On January 19, 2011 BamBam announced he was leaving JYP Entertainment upon to expiration of his contract. He soon signed a new contract with Abyss Company.

Solo Career: BamBam released his debut solo album “Ribbon” on June 15, 2021.

Source: Celebrity Net Worth

Jacob Pitts (Justified) Wiki Bio, net worth, brother, wife, children, family

Who is Jacob Pitts aka Tim Gutterson from “Justified”?

Jacob Rives Pitts was born on the 20th November 1979, in Weston, Connecticut USA. He is a 39 year old actor famous for his movie, television and stage work, primarily recognized for his roles in television series “Justified” and “The Pacific”, and movies “EuroTrip” and “21”. His career has been active since 1999.

[embedded content]

[embedded content]

Jacob Pitts Bio: Early Life, Family and Education

Jacob Pitts was raised an only child of Joseph and Arlene Rives Pitts, in a small Connecticut town. Talking about his early childhood, he described himself as a hyperactive, impressionable and lively child – his first childhood ambitions were to become as famous as some of the characters from his favorite movies, such as Luke Skywalker. After that, Frank Dux and Freddie Mercury became his idols. For a certain period of time he claimed he wanted to be a lawyer when he grew up, because he was impressed by the John Grisham novels, but his adoration of movie heroes and real life superstars is what turned him to drama classes in school. He eventually joined a theater production company during his high school years, as well as performing in a number of plays his school drama club staged. Some of the most notable plays Jacob and his friends performed in included “Harpo Marx” and “Into The Woods” where he played the role of Mysterious Man. In addition, Jacob also includes various comedy shows in his list of influences, stating that as a kid he would spend hours watching shows such as “Saturday Night Live”, “Mystery Science Theater 3000” and “Kids in the Hall”. Shortly after matriculating from high school, he ventured into the world of acting and landed his first role.

Career Beginnings

Jacob Pitts’ first acting role was in Comedy Central’s television series “Strangers with Candy”, appearing in one episode as Craig Snow, and credits this experience as one of proudest moments of his career, as he was surrounded by some of his biggest comedy idols such as Stephen Colbert and Amy Sedaris. After that he made guest appearances in two extremely popular television series – “Law & Order” and “Sex and the City”. Next came his big screen debut in “Zen and the Art of Landscaping”, followed by movies “Tart” and “Eight” in 2001. Over the next few years, Pitts slowly worked his way up the Hollywood scene, acting in several movies with a few guest appearances in television series. However, in 2004 he starred as Cooper Harris in a comedy movie called “EuroTrip”, and despite mixed reviews from critics, the comedy became a cult favorite and launched the careers of its main actors. After that, Pitts started landing more acting gigs in big budget movies and television series.

Jacob Pitts

Rise to Prominence and “Justified”

In 2008, Pitts was cast in the heist drama movie entitled “21”, based on a true story about a group of MIT students who were trained to become experts in gambling, and made a ton of money by card counting; Pitts played one of the students from the group called Fisher. Although the movie received mixed reviews, it was a massive box office success, earning nearly $158 million during its run. After that, Pitts starred in HBO’s critically acclaimed World War II mini-series “The Pacific” as PFC Bill “Hoosier” Smith, followed by guest appearances in “The Good Wife”, “Elementary” and “Above Average Presents” before being cast as US Marshal Tim Gutterson in FX’s television series “Justified”; the series stars Timothy Olyphant in the lead role as old-school US Marshal Raylan Givens, who gets reassigned to his rural childhood hometown and enforces his own brand of justice. Pitts plays a sardonic character who suffers from PTSD and generally disapproves of Raylan’s antics. The series was lauded for its writing, direction and performances throughout its six-season run, and won two Primetime Emmys.

After the show’s end in 2015, Pitts appeared in shows such as “Comedy Bang! Bang!”, “Limitless” and “Person of Interest” before he was cast in “The Sinner”, in the role of J.D. in the first season of the show. What followed was a role in the movie “That Thing with the Cat!” and guest appearances in “Homecoming” and “Law & Order: Special Victims Unit”. Recently, Pitts has been a part of the television series “Sneaky Pete” alongside Giovanni Ribisi, Marin Ireland and Shane McRae – the show’s third season is expected to air in 2019.

Personal Life

When it comes to his personal life, the “Justified” star sure likes to keep it a secret as much as possible. Even with his popularity steadily growing as he piled up the roles in his resume, there are no accounts of his previous or current relationships. Similarly, we do not know if the actor has any children. In addition, he does not have any social media accounts. As well as acting, he is a talented singer, songwriter and guitarist. He currently resides in Los Angeles.

Net Worth

Thanks to his long running career on both big and small screen as well as stage, Jacob Pitts has been able to accumulate a net worth of around $1 million. With a new season of his show “Sneaky Pete” on the way, there is no doubt that the talented actor will earn even more in the near future.

Appearance and Physical Characteristics

Speaking about his appearance, Cameron Cuffe has a stocky build. He is 5ft 8ins (1.73m) tall and weighs around 154lbs (70kgs). He has light brown hair and blue eyes. His shoe size is 9.

Source: Affair Post

Alex Murdaugh Net Worth – Maggi Murdaugh Husband And Boat Accident

What’s Alex Murdaugh Net Worth? Hampton Sc Attorney Earning Details

What is Alex Murdaugh net worth? Here is what we know about Maggi Murdaugh‘s husband and the boat accident.

Professionally, Alex Murdaugh is an attorney. Currently, he works as a lawyer at PMPED Law Firm.

Recently, he lost his wife and a son in a reported homicide. Currently, The State Law Enforcement Division is investigating the case.

Alex Murdaugh Net Worth Explored

Alex Murdaugh’s net worth in 2021 is under review.

As a lawyer, he has no worries about his economic situation. Indeed, he earned quite well and was happy to share his earnings with his beloved wife.

However, we are unsure about Alex’s exact net worth. Hopefully, we will cover this missing information as soon as possible.

Moreover, he earned his law degree from University of South Carolina. According to ABC News, he met Maggi there in 1991.

Meet Maggi Murdaugh Husband Alex

Alex Murdaugh has made the headlines for being the husband of deceased Maggi Murdaugh.

The college sweethearts went on to have two children, both sons – Paul and Buster. They raised their children in Hampton, SC.

On June 7, 2021, Paul and Maggi were killed in their Colleton County home. However, their bodies were found outside, separated from one another.

Reportedly, the killer’s person of interest was Paul. Since his mother was with him, the murderes decided to kill her too.

There will be a graveside service for the mother and son on June 11. Reportedly, the ceremony is going to be held at Hampton Cemetery.

As of now, we are unknown about the purpose of their murder. Hopefully, the authorities will solve the mystery soon.

Everything About The Boad Accident

Alex Murdaugh’s son, Paul was awaiting trial for killing Mallory Madison Beach in a boat accident.

Rumors suggest that the two events are quite related. However, The Daily Beast confirms that the two accidents are no way related.

Speaking about the boat accident, Mallory was a passenger in Paul’s boat. When he was operating it, the boat mistakenly collided with a bridge.

Sadly, Mallory fell into the water and disappeared. Her body was discoverd a week later.

Source: Celebpie

Russell Curry Height, Weight, Net Worth, Age, Birthday, Wikipedia, Who, Nationality, Biography

0

Table of Contents

Russell Curry is an American Film Producer, entertainer, and chief broadly known for his commitment in delivering and acting in Tea for two, Boiling pot and Foodie, and so forth He is an adaptable entertainer and is right now cast in the 2021 show Power Rangers Dino Fury.

Russell was born on seventh September 1987 in San Bernardino California, USA. He was born in a Christian family and has a place with dark ethnic foundation. Russell has not shared much about his folks and family yet is known to have a more established brother named Brad and the two brothers share an incredible bond. He is additionally accepted to be of Japanese plummet from his mom’s side and hence is of blended nationality and he is presently 34 years of age.

Russell has not shared anything about his schooling and capability however it is accepted that he is a secondary school graduate. He is additionally accepted to have taken up preparing and workshops infield of acting, movie making, and bearing to improve his abilities yet has not shared about the foundations.

Russell Curry Biography

Real Name Russell Susumu Curry
Birth Date 7 September 1987
Age (as of 2021) 33 Years
Birth Place San Bernardino, California, USA
Nationality American
Profession Actor, Film Producer
Religion Christianity
Sun sign Virgo

Physical Statistics

Height in feet inches – 5’ 9” – in Centimeters – 175 cm
Weight in Kilograms – 64 kg  –  in Pounds –  141 lbs
Chest Size 38 inches
Waist Size 34 inches
Biceps Size 15.5 inches
Shoe Size 9 (U.S.)
Hair Color Black
Eye Color Dark Brown
Body Type Slim

Family

Father
Mother
Sister
Brother

Qualification/Education

School
College

Relationship Status

Marital Status Single
Instagram @russellcurry
Twitter @therussellcurry
Girlfriend? None

Russell began his profession as an associate chief for the movie, “Christmas with Black Families” and later functioned as a leader maker and projecting chief for the program “Bubbling pot “in 2015. He was additionally essential for the show in the part of Malic Stanton that very year he momentarily showed up in the short film “Dazzle Devotion “as an entertainer. His first since forever part as an entertainer was in the show “Cheerful endings” in 2013 as a pizza fellow and by 2015, he began showing up in an ever increasing number of jobs on TV.

In 2016, he showed up in the show “Foodie” in the part of Russ, and b 2018, he several jobs in short motion pictures and network programs like “Counterfeit”, “Uncalled for and Ugly”, “rape, liquor and outcomes” and so on in 2018, he made his presentation as an essayist chief and coordinated two short movies named “The pattern Friend” and “23 and who?”. He additionally showed up in the program “tea for two” close by Kera Monet that very year. He is likewise a model and has worked with a few realized brands like Calvin Klein. As of now, he is projected in the 2021 show Power Rangers Dino Fury in the job of Zayto or Red Dino anger officer.

Russell has not shared much about his connections and individual life. He jumps at the chance to keep his dating life hidden and is additionally not known to have had any previous connections. Russell is accepted to be single as of now and got comfortable Auckland New Zealand and furthermore has a home in New York. He is near his beloved companion Dante Faberieo and his family. Curry likes to invest energy with his family in his leisure time additionally prefers to spend time with his brother.

Russell has been working in media outlets for quite a while and has acquired a great deal of notoriety and riches. He has significantly sourced his pay through his vocation as an entertainer and maker. His total assets starting at 2021 is assessed to be around $500,000.

He showed up momentarily as a person in the bar in the short film “Only one evening” in 2019. His family possesses two cafés named after their last name “curry”. Russell has kept an authority blog on his site. He has confidence in conveying significant messages through parody and various styles of filmmaking.

Source: TG Time

Timothy Wall Age, Birthday, Wikipedia, Who, Nationality, Biography

0

Monica Sandra Wall is the spouse of Timothy Wall. Her significant other killed a lady and her almost 2-year-old grandson on Thursday. He additionally shot himself to death after the occurrence.

There are no records of Timothy Wall spouse Monica Sandra Wall in media. She has not faced the media even after the demise of her significant other, Timothy, who engaged in a wicked wrongdoing.

It is obscure since when Timothy and Monica were together. Monica likely doesn’t have any youngsters with the shooter. The lovebirds came into the spotlight after the new shooting occurrence of Timothy.

Sources guarantee that Timothy and Monica were not, at this point together. They separated in 2018. Timothy had around $215,000 in obligations owed to Monica. Monica Wall spouse Timothy is distinguished as the Royal Palm Beach Publix Gunman.

His complete name is Timothy Jamieson Wall. Timothy slaughtered a grandma and a grandson at a Palm Beach County Publix. The baby was going to turn 2 years of age not long from now.

In spite of that, the personality of the casualties is kept relaxed aside from the information that the kid’s dad is a non military personnel representative with the Sunny Isles Beach Police Department. Specialists likewise distributed the image of Timothy once they distinguished him as the shooter, who later committed suicide.

Reports propose that Timothy was functioned as a transitory worker on a development group in January. At that point, he recorded a Chapter 7 insolvency request. He guaranteed that he had $6,000 in resources and $215,000 in liabilities and procured just $2,165 every month.

He likewise confirmed having $27 in the bank, $743 in Bitcoin. Alongside that, a 45 type gun he possessed was valued at $300. Also, Timothy had $215,000 in obligations, which were for the most part owed to his ex.

Monica Wall has not referenced any close to home data in regards to her family. She lived with Timothy a couple of years back, however she supposedly separated from him. In like manner, neither Monica nor Timothy have been highlighted on Wikipedia.

Source: TG Time

Fran Mckendree Age, Birthday, Wikipedia, Who, Nationality, Biography

0

Fran Mckendree was an American melodic craftsman. Other than a craftsman, he was likewise connected with as a maker. Moreover, he got included as an establishing accomplice at Awakening Soul in 2008 too according to LinkedIn.

The reason for Fran Mckendree’s demise is malignancy. He was doing combating with this deadly infection for such a long time that he at last yielded to malignancy. The performer left the world on June 10, 2021, according to Inside Seeko.

Following his demise, numerous accolades were paid profound sympathies to the expired’s family. Similarly, some even reviewed their affectionate recollections with the late artist. Fran Mckendree’s better half is named Diana Mckendree.

Mrs. Mckendree could be seen going with Fran during his singing occasions. In like manner, she is additionally a piece of Fran’s music group, Awakening Soul, and goes about as a facilitator.

Diana’s Facebook profile’s introduction states she is an independently employed individual. Likewise, the vocalist’s accomplice studied at Antioch University. As her animation there is truly weak with just 1 post, we were unable to gather all the more additional data about her.

Also, Diana lives in Hendersonville, a city in North Carolina. She lived respectively with her significant other before his demise there. Moreover, we are presently uninformed of the two or three’s kids.

Fran Mckendree’s total assets before his demise remains at present neglected. Be that as it may, with more than 30 years of commitment to the melodic area, Fram may have amassed a serious critical sum source.

Fran Mckendree’s age was 74 years of age at the hour of his less than ideal demise. Besides, Fran has a Wikipedia highlight on his people musical gang, McKendree Spring. It is discovered that as one of the center establishing individuals from the band, he likewise filled in as the gathering chief in the band.

Also, Fran was essentially answerable for vocals and guitar playing. All things considered, he likewise possesses a self-named site, where he consolidated his expert and individual bio.

Source: TG Time

Who Is Alex Clark Turning Point USA? Find Her Age And Wikipedia

Alex Clark From Turning Point USA: Know Her Age And Wikipedia

Alex Clark of age 28 is the regular presenter of Turning Point USA. Is she on Wikipedia? Let us know more.

Alex is a journalist and a presenter. She hosts a pop culture show, POPlitics on Turning Point USA.

Who Is Alex Clark Turning Point USA?

Alex Clark is Turning Point USA’s contributor.

Also, Clark hosts the daily show POPlitics for the American non-profit organization. In addition, she regularly contributes to advocating conservative narratives with the organization.

It is not known when Alex joined Turning Point USA. However, she has been appearing in their shows for a while now.

In fact, Clark’s show POPlitics is the first-ever daily show related to conservative pop culture. She presents various entertainment news, including pop culture, without the propaganda. 

Interestingly, Alex is a speaker at Young Women’s Leadership Summit. It is a conservative program run by Turning Point USA from June 10 to June 13.

Alex Clark Age: How Old Is She?

Alex Clark age is 28 years old.

Clark is from Phoenix, Arizona. Also, she celebrates her birthday on February 23 each year.

However, she has not revealed much about her early childhood life. Also, there is no information regarding her parents too.

Alex Clark Wikipedia

Alex is not on Wikipedia as of now.

She is a young presenter and speaker. Thus, she will have a Wikipedia bio soon following her success in the field.

Clark is a young conservative journalist. She has spent many years in pop radio. She works with Turning Point USA at the moment.

Before that, she hosted a no. 1 moring show based in Indianapolis. In addition, she appeared on the first reality dating show, Coupled on FOX. She had appeared alongside Mark Burnett.

Clark is the creator of Cuteservative Movement. Interestingly, she is advocating the movement with POPlitics.

Alex has been discussing the latest pop culture stories for several years now. Also, she provides her conservative insights into dating issues and different topics related to lifestyle.

Similarly, she endorses the Cuteservative” merch for Turning Point USA.

Alex Boyfriend

Alex Clark has not revealed her boyfriend to her fans.

Also, she does not seem to be married as of now. Thus, Clark does not have a husband.

Source: Celebpie

Kendall Jenner’s Infamous Former Hollywood Hills Home Listed For $8.5 Million


The Hollywood Hills home where Kendall Jenner was both stalked and burgled back in March of 2017 is back on the market, and at a significantly higher price than the sum Jenner got. Jenner sold the house for $6.5 million in 2017. It was just listed for $8.5 million following an extensive renovation of the home.

Kendall Jenner isn’t the only celebrity to have called this house home. She bought it from married actors John Krasinski and Emily Blunt, who apparently did not suffer any major theft incidents while they were the property’s owners.

Kendall Jenner lost approximately $200,000 worth of jewelry in one heist. On another occasion an obsessed fan was arrested by police for hanging around the gate of the property, waiting for Jenner to get home.

These incidents aren’t mentioned in the home’s official marketing materials, of course. Here’s how the $8.5 million listing is being described:

“Located behind tall gates at the end of a long private gated driveway in one of the most sought after exclusive locations and best streets in the Hollywood Hills. This extraordinary architectural estate is perfect for those who require the utmost in privacy. Featuring incredible modern design, quality, and craftsmanship. Approximately 4,800 sf set amidst complete privacy and overlooking beautiful city views. Featuring soaring ceilings, great walls for art, incredible indoor and outdoor living perfect for large scale entertaining. Beautiful living room, gourmet kitchen opens to family room, formal dining, bar, theatre, recording studio, gym, and state-of-the-art details. There is an extremely luxurious master suite, stunning guest rooms, an amazing pool, and rooftop deck overlooking the city.”

Kendall Jenner came to believe the house was “jinxed” in some way, before eventually managing to sell it to its current owner anyway. The home has since been thoroughly renovated, but you can take a look at the home’s previous appearance in the video below from Beverly Hills Aerials:





Source link

Online Education Mogul Larry Chen Has Lost 90% Of His Former $16 Billion Net Worth Since January


Larry Xiangdong Chen had a great 2020. After the outbreak of COVID-19, the share price of his online tutoring company GSX Techedu (ticker symbol GOTU), surged. Unfortunately 2021 has been less positive for Larry. Not only has COVID retreated, allowing kids back in schools and away from online learning, but China has begun to crackdown on the online education sector in general. As a result, his company’s share price has fallen nearly 90% since the beginning of the year.

In February 2021, GOTU shares traded for $103. Today the share price sits at $16.

That drop shaved Larry’s net worth from an all-time peak of $16 billion to around $1.5 billion today. In other words, Larry has seen $14.5 billion wiped off his net worth in the last few months alone.

GSX Techedu is a Chinese education technology company offering online tutoring for K-12 students, through its online education platform Genshuixue. The company also offers foreign language and professional training courses for adults. It was an extremely popular and perfectly-timed service as COVID wreaked havoc on the world’s education system. As kids go back to the classroom it has become less useful.

Making matters worse, China’s President Xi Jinping has focused a new intense scrutiny on the education sector, claiming that after-school tutoring is negatively affecting children’s well-being. Techedu has shut down its pre-school education sector for children ages three to eight due to the Chinese government’s ban on kindergarten and private-tutoring schools engaging in elementary school curriculum. The company has had to fire nearly a third of its staff.

STR/AFP via Getty Images

Losing A Fortune

In early January, Chen’s net worth peaked at $16 billion.

In March, Techedu’s main investor, Bill Hwang’s Archegos Capital Management collapsed, leading to a 56% drop in share price in one day. Further complicating matters, the U.S. Securities and Exchange Commission is investigating Chen’s company after more than a dozen research reports revealed GSX may have inflated its projected revenue. The reports, it should be noted, come from firms that specialize in short selling.

Chen owns 44% of his company’s outstanding shares. The company went public in June 2019.

Chen comes from a small, poor Chinese village. He was a middle-school teacher until 1999 when he joined New Oriental Education and Technology Group. He rose through the ranks to become that firm’s executive president. He left in 2014 to found GSX Techedu.

From middle-school teacher to billionaire is still a great story! But perhaps not quite as exciting as middle-school teacher to $16 BILLIONAIRE ?





Source link