Latest news with #ForbesList
Yahoo
02-06-2025
- Business
- Yahoo
Shoqan School, founded by Kenges Rakishev and Aselle Tasmagambetova, Lists One-Billion-Tenge Bond on KASE, a First for Kazakh Schools
Shoqan School Lists One-Billion-Tenge Bond on KASE, a First for Kazakh Schools ALMATY, Kazakhstan, June 02, 2025 (GLOBE NEWSWIRE) -- Shoqan School, founded by Kenges Rakishev and Aselle Tasmagambetova, has become the first educational organization in Kazakhstan to issue bonds, which in this case will be used to support the institution's growth. The Kazakhstan Stock Exchange (KASE) Listing Commission approved the inclusion of Shoqan School's bonds in the official bond list on the exchange's alternative trading platform on May 22, 2025. The bond issue totals one billion tenge, with a par value of one thousand tenge per bond and a maturity of three years. Trading started on May 28, 2025. The instrument offers investors an annual yield of 21%, payable quarterly. "Deploying capital-market instruments for education is how we match world-class ambitions with financial discipline," said Shoqan School co-founder Kenges Rakishev, a Kazakh investor and entrepreneur. "This bond shows investors that impact, and financial return can coexist in Kazakhstan's growing education sector," he stated. Shoqan School was founded in Almaty in 2020 by Kenges Rakishev and Aselle Tasmagambetova. Since its creation, the school has been recognized for its innovative approach to education, which emphasizes personalized learning as a key tool towards academic excellence. Originally named after Shoqan Walikhanov, a nineteenth-century Kazakh scholar, it operates as a non-profit and currently educates over 1,200 pupils. Co-founder Aselle Tasmagambetova noted that "our model proves that personalized education is the right tool to unlock the potential of future generations." On February 12, 2024, Rakishev and Tasmagambetova announced full scholarships for students from Shoqan School who are admitted to top-ten global universities, as ranked by the Times Higher Education World University Rankings. This year, the school announced that three Shoqan School students were admitted to Harvard University and the University of California, Berkeley, under the school's Mentoring Program, established by both founders. Kenges Rakishev (born 1979 in Almaty) is the Chairman of Fincraft Group and the majority shareholder of Fincraft Resources, which is listed on the KASE. He has consistently appeared on Kazakhstan's Forbes List since 2012. Teníz Capital Investment Banking acted as the financial advisor on the bond placement. A photo accompanying this announcement is available at CONTACT: Office of Kenges Rakishev media@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
22-05-2025
- Business
- Forbes
Nominations Open For America's Top Lawyers 2025
Nominations are now open for Forbes' list of America's Top 250 Lawyers for 2025. The second-annual iteration of the list spotlights elite practitioners across the country, from all specializations, at the pinnacle of the profession. America's Top 250 Lawyers is open to attorneys in private practice with impressive track records, who are lauded in the legal marketplace, and who have demonstrated outsize influence in their specialties. Selected lawyers will be well-respected by peers, clients, judges and the community. Some may have been part of the most consequential and seminal cases and legal trends in recent years. Others have emerged as leaders in their fields. Many on our list may have name recognition; others are making their mark in more subtle ways. All have a track record of success. Our experienced editorial team vets candidates through a curated research and selection process as well as through nominations and recommendations. If there is an attorney you believe should be on Forbes Top 250 list, please use the following link to submit candidates by July 18: Nominations will be reviewed by our editorial team and requests for additional information may be sent to those moving forward in the process. *Please note that this list is entirely merit-based and qualitative— there is no fee to participate and candidates cannot pay to be listed.* Any questions about submissions or the upcoming list should be directed to lawyerlist@
Miami Herald
23-03-2025
- Business
- Miami Herald
Boston Celtics secure another title after championship run
The accountants over at Forbes might deserve a raise. The financial news outlet is one of the most trusted sources for celebrity and institutional wealth valuations. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter During the 2010s, being on the Forbes List was a huge deal, as the list told the world which celebrities made the most money annually. While the Forbes List no longer holds the cultural significance it once did, the organization is still very good at what it does: providing an accurate assessment of the net worth of people and organizations with large cash flows. Related: Latest NBA team valuations are whacky On Thursday, March 20, the Boston Celtics set a record when its ownership group agreed to sell the team to William Chisholm, the managing director and co-founder of Symphony Technology Group, for $6.1 billion. It is the largest sports franchise sale in North American history, surpassing the $6.05 billion the Josh Harris group paid for the NFL's Washington Commanders franchise in 2023. And Forbes had valued the Boston Celtics at $6 billion in December, only 1.6% off the final purchase price. Elsa/Getty Images Basketball fans the world over know the Boston Celtics as the marquee franchise of the National Basketball Association. While Los Angeles Lakers fans may take umbrage with that statement, Thursday's sale cements the Celtics as the face of the league after the team won the NBA championship less than a year ago. The Celtics captured their 18th NBA title in 2024, led by their two young superstars, Jaylen Brown and Jayson Tatum, both of whom are under 30. The Grousbeck family, the Celtics' former owners, put the team up for sale shortly after the team parade down Tremont Street last July. The family had been the proud owners of the legendary franchise since they bought it for $360 million in 2002, meaning the team sold for nearly 17 times what they bought for it 20-plus years ago. Not a bad return on investment. Meanwhile, Chisolm, the new owner, said he'd been a die-hard Celtics fan his entire life. The Dartmouth College grad grew up just outside of Boston in Georgetown, Mass. The NBA, like all of the other major North American sports, operates on a cooperative basis. The 30 teams pool their basketball-related revenue and distribute it evenly. And richer teams that spend above a certain threshold contribute what's called luxury-tax money to teams that don't spend as much. However, the teams pool only half their basketball-related income, which includes television broadcasting rights, ticket sales, merchandise, sponsorships, and other sources. So, if you are a marquee franchise like the Celtics - located in one of the wealthiest U.S. areas where you can charge higher ticket prices and feature a talented team that just won the championship - the sky is the limit for how much revenue your team can generate. For the 2023-2024 NBA season, the Celtics generated gross revenue of $493 million, according to a prospectus by banks trying to evaluate the company for the just-concluded sale. The Celtics generated $149 million just from ticketing, representing the franchises' largest source of income. Celtics prices are among the highest in the league, with the average ticket costing $303 last season, according to Sportskeeda. The team also received $124 million from the revenue-sharing model and another $70 million from its local television deal. More Sports Business News: Why the Super Bowl has become the most-watched event on TVNike makes major announcement that could save troubled businessESPN faces fine by FCC for bizzare issue Playoff ticket revenue is taxed at a lower rate, so the Celtics generated $102 million during their championship run before the league collected its 25% to fund the player playoff pool. The team produced about $30 million in earnings before interest, taxes, depreciation and amortization, but it also had to pay a luxury-tax bill of about $40 million - again, a penalty for teams that spend above the league's salary cap. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
