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Jay-Z and Will Smith Make Investment to Help Turn Low-Income Renters into Home Owners

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Jay-Z and Will Smith Make Investment to Help Turn Low-Income Renters into Home Owners

Yes, you heard that right. Two of the biggest rappers of all time Jay-Z and Will Smith are helping low-income renters to become homeowners.

Smith’s Dreamers VC and Jay-Z’s Roc Nation recently made investments into Landis Technologies, a firm that buys homes and rents them out to low-income earners who are working to be eligible for mortgages.

Smith and Jay-Z aren’t the only investors, though. They join Front, Instacart, Ethos, CashApp, Flatiron Health and Tango. Together, they have helped the firm to earn more than $165 million. Landis Technologies will use the donations to buy around 1,000 homes for low-income families.

Landis also wants to change the mindset of these low-income families. Its staff is also offering coaches that will school the renters on topics like improving credit scores, money management, and other crucial information that will help them to qualify for a mortgage.

The firm’s main goal is to turn 80% of its renters into homeowners within the next two years. Once they become eligible for a mortgage, they can buy back the home for a predetermined price up to two years after Landis initially bought the home.

According to Landis co-founder Cyril Berdugo, financial inclusion is crucial to the company. One aspect that he is very proud of is how they are creating wealth for Americans with low income. They basically make money only when their clients buy back a house. So, it’s in their best interest for clients to grow financially.

Cyril added that what makes the company unique is its ability to coach virtually anyone on how to become a homeowner. Now that Landis has received this significant new funding, he aims for the business to set a bigger number of Americans on the path to becoming homeowners.

The company plans to hire more talent across the country, expand to new states, and offer a better experience for everyone involved, from lenders to partner agents and clients.

This is a worthy investment from Will Smith and Jay-Z, and it’s one to pay attention to as it will improve the quality of life for a lot of people in the country.

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The Weeknd and Binance Start World’s First ‘Crypto-Powered’ World Tour

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The Weeknd

Cryptocurrency might be crashing and turning princes back into paupers, but The Weeknd is having none of that.

He recently teamed up with Binance, the world’s biggest cryptocurrency exchange, for his latest tour.

A Historic Partnership

The Weeknd

Photo credit: Forbes

Binance is the official After Hours Til Dawn tour sponsor, and it’s already made history by becoming the first global concert using Web3.

Binance is also working with HXOUSE, The Weeknd’s creative incubator, to craft exclusive NFTs and merchandise for this tour.

The Weeknd loves this partnership because Binance cares about inclusion and the community.

He also believes that crypto has unlimited possibilities, and we are just at the starting point.

The partnership also benefits the musician’s XO Humanitarian Fund; this is a fund that works with the United Nations World Food Program.

Binance has funded the fund with $2 million, and 5% of sales from NFTs sold during the tour.

And the singer wants the fund to offer life-saving support to those on the verge of starvation.

In fact, when the fund launched in March, The Weeknd donated $500,000 and promised to donate $1 for every ticket he sold in North America.

The World Food Program also refused to be left behind, donating a further $1 million.

Pushing Through A Slump

The Weeknd

Photo credit: Twitter – Binance

It’s no secret that billions of dollars have been lost in the crypto market.

But it’s not the end of the market, according to the Hedge Trust CEO, Eric Zhou.

Even though the crypto market has taken massive hits, collaborations like this show how cutting-edge Web3 might be given a chance.

The partnership has already shown innovation through NFT tickets, merchandise, metaverse projects, and more.

Zhou added that for as long as crypto remains viable and accepted by countries, he is optimistic about the future and will ensure his company remains at the forefront.

The Weeknd: Pushing Boundaries

The Weeknd

Photo credit: Twitter – The Weeknd

The Weeknd is also optimistic about the future of crypto if this partnership is an indicator.

Time will tell if crypto returns to its former highs, but at least we are getting a kickass Weeknd tour out of it.

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LeBron James Family Foundation To Open Multimillion-Dollar Ohio Medical Center

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LeBron James Family Foundation

LeBron James loves giving back, and we love him for that.

Through the LeBron James Family Foundation, he announced opening the I Promise HealthQuarters.

A Healthcare Center for the Community

LeBron James Family Foundation

Photo credit: Twitter – LeBron James Family Foundation

This is a multimillion-dollar facility in Ohio that offers a range of medical services like:

  • Lab services
  • Dental
  • Optometry
  • Pharmaceutical
  • Mental health

I Promise HealthQuarters will open next year and close to other I Promise facilities like the I Promise Village and I Promise School.

The medical center has teamed up with local health providers who include:

  • Peg’s Foundation
  • Coleman Health Services
  • AxessPointe

Together, they plan to give local residents affordable healthcare.

Coming Together

LeBron James Family Foundation

Photo credit: Twitter – LeBron James Family Foundation

According to LeBron, it takes a whole village to raise a child the right way, and that’s what he’s trying to do through his Foundation.

And the LeBron James Family Foundation executive director, Michele Campbell, revealed that their work will keep expanding in ways they never thought possible.

Accessing affordable healthcare is essential for low-income families, and this need was heightened thanks to Covid.

So, the Foundation brought the community together to create a roof with all the experts.

Naturally, this would not be possible without help from like-minded partners who also wanted to help the community.

In 2018, I Promise School was launched courtesy of the LeBron James Family Foundation and Akron Public Schools.

Its mission was, and remains, to help the community’s most at-risk students.

This is a mission LeBron takes personally because he visited the students himself on the last day of school.

LeBron James: A Grounded Philanthropist

LeBron James Family Foundation

Photo credit: Twitter – LeBron James

LeBron recently became a billionaire.

But he’s not letting that get to his head.

Instead, he is following basketball legend Michael Jordan’s example.

Last year, Jordan donated $10 million for new and affordable medical clinics.

With stars helping out the community personally, the next generation is in safe hands.

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Rare LeBron Trading Card Sells For $2.4 Million Instead of Record $6.6 Million

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LeBron

LeBron is already the MVP when it comes to basketball.

So, it should not be surprising that his trading cards also go for historical sums.

But in this case, the trading card sold for less than expected.

The LeBron James Triple Logoman was expected to sell at a world-record $6.6 million or even higher.

At least, this is what publications expected.

And, to be fair, it would have surprised no one if the trading card sold at that figure.

After all, the last LeBron trading card sold for $5.2 million; not a figure to sneeze at.

How They Estimated The Figure

LeBron

Photo credit: MARCA

The LeBron James Triple Logoman trading card is a distinct one-off card.

It is the only card with authentic game-used patches from every NBA team LeBron has played for:

  • Los Angeles Lakers
  • Miami Heat
  • Cleveland Cavaliers

Bidding also started at $500,000, a reasonable sum for a LeBron trading card but an astronomical figure for most other sportspersons.

After all, one of the basketballer’s cards from his rookie 2003-2004 season sold for a staggering $5.2 million in 2021.

Before that, a similar card sold for $1.8 million in 2020.

Based on this trajectory, the latest trading card should have broken the world-record fee.

But who holds the world record?

The Rival

LeBron

Photo credit: Wikimedia Commons

The record-holder is a Honus Wagner T206 baseball card.

Around 50 Honus Wagner cards exist, though this didn’t seem to matter to the bidders last year.

The card sold for a world-record $6.6 million fee, a record it still holds.

Better Luck Next Time?

LeBron

Photo credit: Twitter – LeBron James

LeBron is among the world’s most recognizable athletes.

And his current billionaire status will only help increase the value of any future trading cards.

After all, you don’t see many billionaire athletes out there.

Time will tell, of course, but it’s almost certain that one of his trading cards will break that record in the next couple of years.

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