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Quicken Loans Arena - Wikipedia
Michigan is home to at least 14 billionaire individuals and families, with the family that owns privately held grocery and retail chain Meijer worth $10.7 billion. That makes them the wealthiest family in the state, Forbes magazine said.
Most Michigan billionaires saw their fortunes rise in 2015.
The magazine said in its annual rankings of the world's richest people that brothers Hank and Doug Meijer are worth $10.7 billion, ranking 118th worldwide. That's a rise from 153rd last year when the magazine estimated they were worth $8 billion. Both are co-chairman of Meijer, and Hank is CEO of the company founded by their grandfather. The company operates 213 stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky. It will expand to Wisconsin later this year.
Amway co-founder Richard DeVos of Holland is the 259th wealthiest, worth $5.7 billion, down from 196th last year. DeVos, 88, owns the Orlando Magic in addition to co-founding the Ada-based consumer products firm.
Franklin businessman Dan Gilbert was a big gainer last year, adding $500 million to his net worth since last year. Gilbert — who controls about 40 companies led by Detroit-based Quicken Loans Inc. and is a major mover and real estate holder in downtown Detroit — is worth $4.7 billion, ranking 341st. Gilbert also owns the Cleveland Cavaliers.
Three members of the Stryker family, whose company makes replacement joints and other medical devices — and its former CEO — are on the list. Ronda Stryker, the Portage granddaughter of the founder, is worth $3.7 billion and ranked No. 462 in the world. Her brother, Jon Stryker of Kalamazoo, is worth $2 billion — and is ranked 949th. Pat Stryker is worth $2.2 billion, another granddaughter of the founder. The company's former CEO, John Brown, is worth $2.1 billion and ranked 894th.
Other Michigan billionaires include:
■Mike and Marian Ilitch, the Bingham Farms couple who founded pizza chain Little Caesars, and their family. Their family's net worth rose to $4.8 billion for 330th on the list. Their net worth was up from a $2.7 billion estimate in 2013 by the magazine. The couple jointly owns the Detroit Red Wings; he owns the Detroit Tigers and she owns MotorCity Casino Hotel.
■Real estate magnate Alfred Taubman, 89, of Bloomfield Hills. He is the 577th richest person in the world with a $3.1 billion net worth.
■Manuel "Matty" Moroun, 85, and his family, who control the Ambassador Bridge in Detroit and several trucking firms. Their net worth is $1.9 billion for 1,006th on the list.
■Martha Ford, 89, the widow of the last surviving grandchild of Henry Ford and an owner of the Detroit Lions. She is worth $1.5 billion for 1,250th place.
■Roger Penske, 76, of Birmingham, who is worth $1.3 billion and ranked 1,415th. He owns the Penske Auto Group, a group of more than 300 auto dealerships worldwide. Forbes said during the recession, Penske's net worth briefly fell below $1 billion — and it's still below the $2.7 billion that Forbes said he was worth in 2008.
The world's richest person was Microsoft founder Bill Gates, who was worth $79.2 billion in 2015 — up from $76 billion last year. That put him at the top of the magazine's list of the world's billionaires for the second consecutive year. The co-founder of Microsoft Corp. has topped the list for 16 of the last 21 years.
In second place is Mexican telecommunications mogul Carlos Slim Helu, with a net worth of $77.1 billion. He had topped the list in 2013.
Next is investor Warren Buffett, who moved up one slot this year with a net worth of $72.7 billion. In fourth place was Amancio Ortega, the Spanish co-founder of clothing retail chain Zara, with a net worth of $64.5 billion. Rounding out the top five was Larry Ellison, founder of technology company Oracle Corp., with $54.3 billion.
Also on the list is Tesla Motors and Space X CEO Elon Musk, who is worth $12 billion; he is tied for 100th among the world's richest people.
Forbes said there were 1,826 billionaires on its list this year, up from 1,645 in 2014. Added together, they were worth a combined $7.05 trillion, up from $6.4 trillion last year.
Most of the those on the list were men. But there were 197 women, up from 172 a year ago. The highest-ranking woman was Christy Walton, the widow of John Walton, a son of the founder of Wal-Mart Stores Inc. She has a net worth of $41.7 billion, according to Forbes.
Associated Press contributed.
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Here's How Every NBA Team Makes Its Money Visualized
Giant LeBron banner to be removed again in Cleveland | WBNS-10TV Columbus, Ohio | Columbus News, Weather Sports FILE - In this June 9, 2017, file photo, Cleveland Cavaliers fan Jordan Phillips poses for a photo in front of a poster featuring Cleveland Cavaliers forward LeBron James. (AP Photo/David Dermer, File)
CLEVELAND (AP) — The massive LeBron James banner hanging downtown is being removed again following the superstar's announcement he's leaving Cleveland.
The 10-story billboard, which shows James wearing his No. 23 jersey with his arms spread wide has become a city landmark. It was also removed in 2010 when he decided to join the Miami Heat. On Sunday, James agreed to sign a four-year, $153 million contract with the Los Angeles Lakers.
A spokesman for Sherwin-Williams, which owns the building where the banner hangs, said Nike is taking the banner down later this week. Sherwin-Williams is evaluating what to do with the wall on its global headquarters.
After learning the billboard was coming down, some people headed over to take photos in front of it.
Cleveland fans are recovering from losing James for the second time. His jerseys have been reduced by 40 percent in the Cavs' team shop at Quicken Loans Arena fast cash payday loan emergency loan quick loan
Forbes: Meijer brothers richest in Michigan - detroitnews.com
Celebrities and members of the NBA community welcomed LeBron James to Los Angeles after it was announced Sunday he will join the Lakers on a four-year, $154M deal. USA TODAY Sports
LOS ANGELES — Mayor Eric Garcetti praised his city’s latest acquisition, although fans a few blocks from city hall left the store attached to Staples Center minus a token of LeBron James’ arrival on Monday.
“Los Angeles is the world’s greatest sports town — where we measure success in championship banners, where we build statues to honor the greats, and where there are already many Laker legends among the best to ever play basketball,” Garcetti said in a statement to USA TODAY Sports. “I couldn’t be prouder of this team. LeBron, you made the right decision. Welcome to L.A.”
A couple left the Team LA store without the James No. 23 Los Angeles Lakers jersey they both coveted Monday afternoon.
“I’m very disappointed,” Jhonnatan Orozco said. “I guess with the turnaround time, they couldn’t do it that quick.”
Dozens of people filed in and out of this store Monday seeking James jerseys, although, technically, they can’t be sold yet. James hasn’t officially been signed by the Lakers, even through James and the Lakers agreed to a four year, $154 million contract on Sunday.
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The deal won't become official until July 6 when the new league year begins, so that means no James Lakers merchandise until then.
That hasn’t stopped James jersey pre-orders online, which began to roll in minutes after his Lakers deal was announced Sunday.
In a three-hour span (9 p.m. to midnight ET), LeBron’s Lakers jersey on Fanatics.com and the NBA's official online store run by Fanatics made it into the top 10 of single-day NBA jersey sales since numbers began to be tracked a decade ago.
That three-hour window also outpaced James’ return to Cleveland four years ago by 600%, according to a Fanatics spokesperson.
Los Angeles was the top market, understandably, for James jersey pre-sales on Fanatics, which began selling the jersey with a double zero. (It was announced Monday that James would stick his usual No. 23 when he begins his Lakers career.) New York, the San Francisco Bay Area and Cleveland rounded out the early James jersey orders.
Fanatics can make the jerseys before Friday, although the company – and authorized retailers – can't sell them until the deal becomes official, meaning it will be a little more of a wait for people like Orozco and his girlfriend, Sandra Rico.
“I’m going to get a home jersey,” said Rico, whose favorite jersey she currently owns is a No. 24 Kobe Bryant parentplus loan gov
The LeBron James Effect: An Economy Built on One Man
Let's not pull any punches here. The Cavs' defense right now is garbage — except, much like an opposing 3-pointer shooter, it's garbage the Cavs keep staring at and refusing to address.
The Cavs still have plenty of time to fix this before the playoffs, but Cleveland currently ranks dead last in the NBA in defensive rating at 111.7. Compare that to last year's mark of 108.0 and 102.3 during the 2015-16 season, which ended in a championship parade.
Call it too small of a sample size (10 games) if you'd like. Use the "LeBron James will turn it on come playoff time" argument. It's certainly not appropiate to panic yet, but head coach Tyronn Lue needs to do something to bring up the intensity on the defensive end following Sunday's 117-115 loss to the Hawks, which dropped the Cavs to 4-6 overall.
Ty Lue: “I think guys are embarrassed and they should be embarrassed”— Dave McMenamin (@mcten) November 6, 2017
MORE: Well, at least the Cavs had fun at LeBron's Halloween party
Let's focus on that Hawks' victory at Quicken Loans Arena because it served as a microcosm of the Cavs' defensive deficiencies. There are a few areas where Cleveland falls short, so brace yourselves. The film isn't pretty.
The Cavs are allowing the second-most points per possession (1.22) in the league on isolation plays behind only the Wizards (1.23), the team James just torched for 57 points Friday. The Cavs offer little resistance at the point of attack, leading to easy driving lanes down the middle of the floor. Derrick Rose is simply not a good defender at this point in his career, but straight line drives are unacceptable. Watch as Rose never gets into a defensive stance, and Dennis Schroder blows by him.
Here's a similar play with Dwyane Wade failing to engage himself mentally at the start of a possession. Schroder crosses over to the left side this time, leaving Wade in the dust as Jeff Green offers nothing but a lazy swipe at the ball.
These isolation scores come from a lack of on-ball intensity and off-ball awareness. In some cases, help defenders have their backs turned to the entire play with no recognition of a driver behind them.
This isn't Stephen Curry in the NBA Finals. It's Schroder dropping 28 points (9-of-13 shooting) with nine assists on your head at your home arena.
Terrible in transition
Cleveland is giving up 1.14 points per possession in transition, but what's really alarming is how it's happening. Not to disrespect Isaiah Taylor, but hey Cavs, look what Isaiah Taylor just did to you in 4.5 seconds!
This isn't only on Kyle Korver, who (for some reason) decided the best option here was to turn his back completely toward the sideline and point Taylor toward the basket. Green isn't guarding anyone. Wade isn't guarding anyone. Hawks players are still behind the ball and pose no threat. Taylor sprints 94 feet for an easy bucket. It's just one bucket, though, right The Cavs lost by two points.
Turning and running back is a start, but this is a situation where players need to step up and communicate. "I've got ball. Jeff, see help!" Little things go a long way.
James isn't exactly innocent on these types of changes in possession, either.
As incredible as James has been through 10 games (28.8 points, 9.1 assists, 7.4 rebounds per game on over 60 percent shooting), it's fair to wonder how much his laissez-faire attitude toward the regular season permeates the rest of the locker room. James has shown he is capable of the "flip the switch" routine to a degree, but what about his teammates Is there even a switch to flip
The 3-point problem
The Cavs know better than any team the importance of shooting in an NBA world where players toss 3-pointers at the basket like candy at trick-or-treat bags on Halloween night. Cleveland is allowing 25.0 spot-up points per game on 45.2 percent shooting, the highest mark in the league. It only gets uglier when breaking down opponent shooting by area...
— Left corner 3-pointer: 51.4 percent (highest in the NBA), 1.9 makes on 3.7 attempts per game
— Right corner 3-pointer: 50.0 percent (second-highest in the NBA), 1.8 makes on 3.6 attempts per game
— Above the break 3-pointer: 40.0 percent (fourth-highest in the NBA), 9.6 makes on 24.0 attempts per game
— Overall 3-point shooting: 42.4 percent (highest in the NBA), 13.4 makes on 31.6 attempts per game
The problems in isolation, transition and potential switching situations destroy the integrity of the Cavs' defense, creating open looks all over the floor for opponents.
Even when the Cavs do help and recover, they often close on shooters completely out of control, floating by and giving players ample time to reset or drive and kick again.
The Warriors ought to be foaming at the mouth watching this team flail at shooters.
Age, effort and fundamentals
The Cavs are the only team in the NBA to possess a roster with an average age over 30. They have guys like Rose, Wade and Korver trying to keep up with young, athletic guards, and frontcourt players like Green, Kevin Love and Channing Frye aren't helping. James likes having veterans by his side, but that comes at a cost. Even Tristan Thompson wasn't making a huge impact before he went down with an injury, as the Cavs' defensive rating with him on the floor (111.5) vs. off the floor (111.7) is nearly identical. And guess what As incredible as Isaiah Thomas' offensive performance was last season, he's not fixing this part.
These are names not associated with defensive prowess, and the effort isn't there to at least push it to a net neutral. Retreating quickly in transition, sitting down in a stance, communicating on switches and rotating to help when necessary becomes much easier when the group of five on the floor actually cares. If not, that's when you see losses to the Nets, Knicks and Hawks pile up.
Still, this isn't only an effort question. The Cavs are developing bad habits in terms of rotations and positioning. Those elements become more crucial when you don't have the length and speed of a team like the Thunder or the luxury of funneling drivers toward an elite rim protector like the Jazz. It must be a collective effort with players moving on a string.
Maybe all of this will look silly in a few months. The Cavs might make everyone look stupid again as they walk through the East on the way to another NBA Finals series with the Warriors. But Cleveland needs to do something — anything — to prove this is a temporary issue, not a real cause for concern cash loans in chesapeake va
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