Denise Laugesen REALTOR® (650) 465-5742 deniselaugesenteam@gmail.com

Cortney Laugesen REALTOR® 650-678-5084 cortneylaug@gmail.com

Uncategorized

November 19, 2019

🐶 PET FOOD AND BLANKET DRIVE 🐶

Every Donation Helps!

Items Needed
• Dog/Cat Food and Treats
• Blankets and Pet Beds
• Towels and Pet shampoo
• Collars, Leashes & Harnesses
• Stainless Steel Bowls
• Crates & Carriers
• Toys
• Cat Litter
DONATION ARE BEING COLLECTED
By The Laugesen Team
Keller Williams
1430 Howard Ave, Burlingame, CA 94010
DONATION DEADLINE – DECEMBER 6TH
Questions:
Call Denise Laugesen
650.456.5742
Event Sponsored By
#TheLaugesenTeam | Top Producing Team
👑 LUXURY REAL ESTATE AGENTS 👑

IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Consultant
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Consultant
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

Sheran Honneyman
Luxury Consultant
Buyer’s Specialist
650.678.8493
DRE # 01412131

 

 

© 2019 #iBAMNRE

By cortney
October 6, 2019

SOLD OFF MARKET 🎉 10 DAY CLOSE

🏠 PENDING! 🏠 Sold Off Market 🎉 10 Day Close

1108 Barroilhet Dr, Hillsborough, CA 94010

6 Beds • 8 Baths • 6,110 Sq. Ft. • 0.5 Acres

List Price – $5,368,000

Custom built French Chateau situated in sought after Lower Hillsborough, minutes from North and Crocker School and just a few blocks from Burlingame Avenue

Presented By

#TheLaugesenTeam | #1 Producing Team

👑 LUXURY REAL ESTATE AGENTS 👑


IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Consultant
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Consultant
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

Sheran Honneyman
Luxury Consultant
Buyer’s Specialist
650.678.8493
DRE # 01412131

 

 

© 2019 #iBAMNRE

By cortney
September 16, 2019

🍰 NO-BAKE PUMPKIN CHEESECAKE 🍰

#Delicious NO-BAKE PUMPKIN CHEESECAKE 🍰

Figuring out how to make all of the pumpkin desserts during Thanksgiving while the turkey is in the oven can be a nightmare. That’s why you need this no-bake cheesecake. It’s a major time saver and while we love our classic pumpkin cheesecake, we go crazy for the no-bake option The gingersnap crust is a must and adds that extra layer of fall.

INGREDIENTS FOR THE CRUST
1 1/2 c. finely crushed gingersnaps
2 tbsp. granulated sugar
5 tbsp. melted butter

FOR THE FILLING
1 c. heavy cream
2 (8-oz.) blocks cream cheese, softened
1 (15-oz.) can pumpkin puree
1 c. powdered sugar
1 tsp. pure vanilla extract
1 tsp. cinnamon
1/2 tsp. ground nutmeg
1/4 tsp. kosher salt

FOR TOPPING
Whipped cream
Roughly crushed gingersnaps

DIRECTIONS
In a medium bowl, combine crushed gingersnaps, sugar, and melted butter until mixture resembles wet sand. Pour into a 8” springform pan and pat into an even layer.
In a medium bowl, beat heavy cream to stiff peaks.
In a large bowl beat cream cheese until light and fluffy. Add pumpkin puree and beat until no lumps remain. Add powdered sugar and beat again until no lumps remain. Add vanilla, cinnamon, nutmeg, and salt and beat until incorporated. Add whipped cream and fold in until just combined. Pour batter over crust and smooth top with an offset spatula.
Refrigerate until set, at least 4 hours and up to overnight.
Serve with whipped cream and crushed gingersnaps.

Shared By #TheLaugesenTeam | #1 Producing Team

👑 LUXURY REAL ESTATE AGENTS 👑


IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Consultant
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Consultant
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

Sheran Honneyman
Luxury Consultant
Buyer’s Specialist
650.678.8493
DRE # 01412131

 

 

© 2019 #iBAMNRE

By cortney
September 16, 2019

We Joined Keller Williams

🎉 We Are Thrilled To Announce
We Joined Keller Williams🎉

👑 LUXURY REAL ESTATE AGENTS 👑

#TheLaugesenTeam | #1 Producing Team


IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Consultant
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Consultant
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

Sheran Honneyman
Luxury Consultant
Buyer’s Specialist
650.678.8493
DRE # 01412131

 

 

© 2019 #iBAMNRE

By cortney
June 18, 2019

What Is Important To Boomers When Selling Their House?

If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. You may be ready to move into a home that better fits your current lifestyle. Many fellow boomers have already made the move you may be considering.

The National Association of Realtors recently released their 2019 Home Buyer and Seller Generational Report. The report revealed many interesting tidbits about both categories of baby boomers: younger boomers (ages 54 to 63) and older boomers (64 to72). Here are a few of the more interesting topics.

Percentage of Buyers who Looked Online First

  • All Buyers: 44%
  • Younger Boomers: 46%
  • Older Boomers: 44%

Where Boomers Found the Home They Purchased

The two major ways buyers found the home they purchased:

  • All buyers: 50% on the internet, 28% through a real estate agent
  • Younger Boomers: 46% on the internet, 33% through a real estate agent
  • Older Boomers: 36% on the internet, 35% through a real estate agent

Distance Seller Moved

The distance between the home they purchased and the home they recently sold was much greater for boomers than the average seller.

  • All sellers: 20 miles
  • Younger Boomers: 27 miles
  • Older Boomers: 50 miles

Tenure in Previous Home of Seller

The percentage of older boomers who lived in their previous home for more than 20 years was almost twice the amount of the average seller.

  • All sellers: 16%
  • Younger Boomers: 20%
  • Older Boomers: 31%

Primary Reason to Sell their Previous Home

  • Want to move closer to friends or family
  • Home too large
  • Retirement

View of Homeownership as a Financial Investment

  • 83% of Younger Boomers see homeownership as a good investment
  • 82% of Older Boomers see homeownership as a good investment

Bottom Line

If you are a boomer and thinking about selling, now might be the time to contact The Laugesen Team to help determine your options.

Shared By

 

 

 

 

IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Specialists
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Specialists
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

Sheran Honneyman
Luxury Specialists
Buyer’s Specialist
650.678.8493
DRE # 01412131

 

 

© 2019 #iBAMNRE

By cortney
June 14, 2019

💰 In Silicon Valley, an $8B mega-development will soon break ground 💰

In Silicon Valley, where big-money valuations are commonplace, a planned $8 billion real estate project set to break ground has captured the attention of the region’s business community.

The Related Santa Clara project will transform a 240-acre golf course into a mixed-use development that’s already being called the Hudson Yards of the West. British architecture firm Foster + Partners will handle design and landscaping of the waterfront development near Levi’s Stadium, which includes plans for a neighborhood-style streetscape with public square and a 30-acre park. Uber has even proposed building a flying taxi “skyport” amid the shops, residences, and offices. The first phase is poised to open in 2023.

The size and scope of the largest project under construction in Silicon Valley begs the question of priorities. Of the 9.2 million square feet, 5.4 million square feet will be devoted to offices supporting 25,000 jobs, with one million square feet of retail and entertainment space. Yet only 1,680 residential units are planned to be built. In one of the nation’s most expensive and housing-scarce regions, will such large-scale projects, designed to accommodate startup spaces as well as new corporate campuses, further exacerbate the shortage of affordable housing?

Related believes that creating such a massive, amenity-rich, master planned community, located near big tech companies, will entice them to expand locally, instead of seeking cheaper talent and real estate elsewhere. “Room to grow is a big issue in Silicon Valley,” Related executive vice president Steve Eimer told Bloomberg. “Most of these companies want to put their flag down in a place where they don’t have to move.”

Turning a golf course into coveted new office space and housing—including 170 affordable units—in an area known for bruising land-use battles shows the market responding to pressure for development. But the site also restricts the number of residential units Related is allowed to build. Because the golf course is located on the site of a former landfill, adding housing would require numerous additional environmental approvals. Santa Clara Mayor Lisa Gillmor said additional housing would be built in nearby neighborhoods, such as 4,500 units planned for nearby Tasman East.

The project, which has been six years in the making, was the subject of a pair of lawsuits by the city of Santa Clara and neighboring city of San Jose, which claimed housing and traffic would be negatively impacted by the proposed project.

Related has also noted that the project sits within a “transit-rich” area near Levi’s Stadium, which is connected to the region via the Santa Clara Valley Transit Authority (VTA), commuter rail and a commuter shuttle program. BART, the region’s light-rail service, is expected to connect to Santa Clara by 2025 or 2026 at the earliest.

But before the potential BART connection materializes, the site, which is located near the crowded convergence of U.S. Highway 101 and California State Route 237, does pose transportation challenges. Tech giants have been criticized for their car-centric development in the Bay Area. Apple’s highly-touted spaceship campus, also by Foster + Partners, devotes more square feet to parked cars than employee offices.

Shared By

 

 

 

 

IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Specialists
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Specialists
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

Sheran Honneyman
Luxury Specialists
Buyer’s Specialist
650.678.8493
DRE # 01412131

 

 

© 2019 #iBAMNRE

By cortney
May 23, 2019

🍰 DELICIOUS TIRAMISU RECIPE 🍰

#Delicious TIRAMISU RECIPE 🍰
Often believed to be steeped in the history of Italian cuisine, tiramisu is in fact a relative newcomer to the field, with the first recorded recipes appearing in Italy in the 1980s. Meaning ‘pick-me-up’ in Italian, the combination of strong coffee and sweet mascarpone cream does exactly that and is easily prepared in advance (even the day before) for a special lunch or dinner party.
INGREDIENTS
200g of sponge fingers
2 eggs
75g of caster sugar
500g of mascarpone
110ml of Marsala wine
4 tsp instant coffee granules
cocoa powder
METHOD
1 Begin by dissolving the coffee in 100ml of boiling water. Stir in 60ml of the Marsala and leave the mixture to cool in a shallow bowl or dish
2 Place the egg yolks in a bowl and whisk in the sugar until it becomes pale and frothy
3 Mix the remaining Marsala with the mascarpone in a separate bowl, then fold this into the yolk mixture
4 In a clean bowl, beat the egg whites with an electric whisk until soft peaks form, then fold gently through the mascarpone mixture. Transfer to a piping bag and set aside
5 Dip the sponge fingers in the cooled coffee on both sides, be sure to do this quickly to stop the sponge going completely soft
6 Line the bottom of 8 glasses with a layer of sponge, pushing them right to the edges, then pipe a layer of cream on top
7 Repeat with the sponge fingers and cream so that you have two distinct layers
8 Dust everything liberally with cocoa powder and place the glasses in the fridge for an hour to chill and set before serving
Shared By

 

 

 

 

IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Specialists
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Specialists
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

Sheran Honneyman
Luxury Specialists
Buyer’s Specialist
650.678.8493
DRE # 01412131

 

 

© 2019 #iBAMNRE

By cortney
April 17, 2019

💰  The Importance Of Pricing It Right. 💰

Thinking Of Selling Your Hillsborough Home? Let’s talk about the importance of pricing it right.
How does a REALTOR® calculate the price of your Hillsborough home? Comparable (also known as comps) are the primary source of information when determining a home’s value. Agents and Appraisers have access to the Multiple Listing Service, known as the MLS, which is a database of all the properties in a given area. The right selling price is determined by many factors including: the current supply and demand for homes on the market, the economy, your home’s location, houses recently sold in area, area listings, the condition of your home, its square footage, and the time frame you are targeting. Without being an agent or an appraiser, you may have a harder time accessing this information.

When your agent gathers the data of comparable home sales, you will likely see a range in what similar homes like yours have sold for. Pricing within that range means that you have the best opportunity to sell your home fast and for more money! Ultimately buyers, not you, will decide your home’s value. Every home has a price tag that is accepted to home buyers. If a home’s listing price is relatively close to the number a buyer considers fair, it will successfully sell.

Pricing is just one of three important factors in selling your property quickly and for the highest possible price. Effective marketing strategies that draw the affluent home buyer and positive relationships with other real estate agents are also key to a successful home sale. Market trends help you understand the movement of key price indicators.

Data shows, based on calculation over the last 3 months Hillsborough homes sell for about 1% below list price and go pending in around 20 days. Hot Homes can sell for about 3% above list price and go pending in around 10 days. Many homes get multiple offers, some with waived contingencies.

Get the price right and the rest will fall into place.

Understand how your Hillsborough property compares to the competition, aside from the wonderful memories it holds. Work with a real estate agent who can be your objective set of eyes and who has their thumb on the pulse of your real estate market. Show your home in its best light to back up the list price your house deserves.

Then watch as your home hits the market and immediately generates buzz in your community, simply because you played it smart and priced it right from the start.

When choosing a Luxury Real Estate agent to sell your high-end property ~ it’s crucial you select someone who is familiar, comfortable and experienced in dealing with a refined market and sophisticated clients.


 

 

 

 

IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Specialists
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Specialists
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

 

© 2019 #iBAMNRE

By cortney
March 12, 2019

💰 157 Billionaires In California Make Elite Forbes List 💰

REDWOOD CITY, CA — Beating out New York and Texas, California has proven golden as home to the nation’s greatest number of billionaires at 157, according to Forbes’ 33rd annual ranking of the world’s billionaires released Tuesday.

The ranking includes 2,153 people who have a combined wealth of $8.7 trillion.

Almost a third of these wealthy titans reside in the Silicon Valley, the tech capital of the world. Others are sprinkled around the state from San Francisco and the North Bay to Beverly Hills and Newport Beach in various industry.

Technology tops the industry choice for those accumulating wealth. Some are still involved with their companies. Others have retired with it, choosing to dabble in other things, buy an island or remain a stake/shareholder.

Some names on the list pop out like celebrities in their respective industries, such as Larry Page with Google at $50.8 billion and Elon Musk with Tesla at $22.3 billion. Charles Schwab, the financial broker, uses his $8.3 billion to reside in one of the wealthiest cities in the world in Woodside — a haven for tech moguls. Facebook’s Mark Zuckerberg took a top spot with $62.3 billion, just short of Larry Ellison’s $62.5 billion. Zuckerberg was joined by his fellow executive Sheryl Sandberg at $1.6 billion.

Among a fair share of venture capitalists sharing the list, Southern California held its own as the entertainment capital. Record and movie producer David Geffen appeared with $7.8 billion. Even legendary climber and Patagonia founder Yvon Chouinard made the cut with $1.5 billion.

Beyond California, Amazon Chief Executive Officer Jeff Bezos, who is worth about $131 billion, topped the list for the second year in a row, followed by software magnate and philanthropist Bill Gates at $96.5 billion and Berkshire Hathaway Chairman and Chief Executive Officer Warren Buffett at $82.5 billion.

Both the number of billionaires and their combined net worth is down this year, according to Forbes. Last year, 2,208 people made the list and had a combined wealth of $9.1 trillion. Forbes said this represents the first decrease in billionaires and their combined wealth since 2016, and only the second decrease in a decade.

A record 994 billionaires are worth less than they were a year ago, but last year, only 360 members of the elite class got poorer. The average net worth of this year’s billionaires is $4 billion, down from $4.1 billion in 2018. Of the total, 1,450 members are self-made.

“The billionaire ranks prove that even the world’s richest are not immune to economic forces and the volatility of world markets. Yet, even with strong headwinds, resourceful and relentless entrepreneurs find new ways to get rich,” Luisa Kroll, assistant managing editor of wealth at Forbes said in a news release.

Kerry A, Dolan, also an assistant managing editor of wealth at Forbes, noted regional trends.

“Of note this year was the large number of drop-offs in China, and the weakening of the euro vs. the dollar, which pushed down the dollar value of European fortunes,” Dolan said in the release.

In the United States, Bezos’ net worth increased from $19 billion, and Gates, who had been the wealthiest person in the world for the longest period of time, increased his fortune by $6.5 billion, from $90 billion in 2018. The gap between the No. 1 and No. 2 billionaires grew due to an increase in Amazon stock prices. Buffett’s net worth fell by $1.5 billion.

Rounding out the top five were Bernard Arnault of France and Carlos Slim Helu of Mexico, with net worths of $76 billion and $64 billion, respectively.

President Donald Trump’s net worth is listed at $3.1 billion by Forbes, which placed him at No 715 on the list. Trump is the first billionaire president of the United States, and the core of his fortune is tied up in a half-dozen buildings in and around midtown Manhattan in New York City, according to Forbes.

New to the list is Kylie Jenner, 21, who is the youngest billionaire in the world and the youngest self-made billionaire of all time. Jenner, who ranked 2,057 on the list, owns 100 percent of Kylie Cosmetics, a company she founded three years ago and which did $360 million in sales last year. Most of the company’s revenue comes from e-commerce, but Kylie Cosmetics also has a deal with Ulta to put its products in the makeup retailer’s 1,163 U.S. stores.

Other Americans in the Top 20 were:

Michael Bloomberg, Bloomberg LP, No. 9, with a net worth of $55.5 billion (up from 2018);
Charles Koch and David Koch, Koch Industries, No. 11, with a net worth of $50.5 billion (down from 2018);
Sergey Brin, Google, No. 14, with a net worth of $49.8 billion (up from 2018);
Jim Walton, Walmart, No. 16, with a net worth of $44.6 billion (down from 2018);
Alice Walton, Walmart, No. 17, with a net worth of $44.4 billion (down from 2018);
S. Robson Walton, Walmart, No 18, with a net worth of $44.3 billion (down from 2018);
Steve Ballmer, Microsoft, No. 19, with a net worth of $41.2 billion (up from 2018).

The top 20 billionaires have a combined net worth of $1.2 trillion, which is unchanged from last year. Their aggregate wealth represents about 14 percent of all billionaires. The minimum net worth in the Top 20 was $3.38 billion, $200 million less than 2018.

SHARED BY:


 

 

 

 

IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Specialists
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Specialists
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

 

© 2019 #iBAMNRE
.
Source Sue Wood, Patch Staff

By cortney
March 1, 2019

2019: TAX TRANSFORMATION

Many Americans will begin experiencing the effects of the Tax Cuts and Jobs Act of 2017 when they file their annual returns this year. Outside of political characterizations of the bill’s implications, there are changes that affect consumers at different income levels and parts of the country that make it a good idea to seek advice from a qualified tax professional to ensure compliance with the new law and maximize available benefits. Rich Camp EA, a partner of Minnetonka, Minnesota-based CPA firm of Lordan and Camp, PLLC says the changes in tax rates have been the most apparent benefit to most people; however, things get more complicated when income, state of residence, employment status and exemptions come into play. Camp says professional advice is more important than ever, and points out that “More people in the lower and middle income classes will be able to take the standard deduction, which is almost double what it was. But rules surrounding itemized deductions have changed and can vary greatly depending on whether the state a taxpayer lives in has modified their codes to respond to changes at the federal level.” Camp says taxpayers should ask questions and get solid guidance if they fit into or are affected by one of the following categories:

     STANDARD DEDUCTION

This increased from $6,500 to $12,000 (single) and $13,000 to $24,000 (married). People over 65 can increase this by $1,300 for married individuals and $1,600 for singles.

     PARENT

Personal and dependent exemptions have been eliminated and have been replaced with credits, but they are predicated on adjusted income levels. Child tax credits increased from $1,000 to $2,000 per child under 17 years of age. A new partial child tax credit is available for dependents age 17+.

     HOMEOWNER

Mortgage interest deductions have been capped. Homeowners are now only allowed to deduct interest on a maximum of $750,000 for properties purchased after December 14, 2017. Home equity interest deductions are eliminated for loans not used to buy, build or improve the property securing the loan.

     STATE/LOCAL INCOME PROPERTY TAX

The ability to deduct these taxes is capped at a sum total of $10,000.

     MISCELLANEOUS DEDUCTIONS

All miscellaneous deductions have been eliminated for individuals including employee business expense deductions and investment related expenses.

     SEPARATED/DIVORCE

Spousal support – a.k.a. alimony – paid is no longer deductible by the payer or includable for the recipient for payments made under divorce agreements signed after 12/31/2018.

     SELF-EMPLOYED

Corporations, S-Corps, sole proprietors, partners and other groups got tax relief in the form of income deductions and rate reductions.

     IRA TO ROTH CONVERSATIONS (RE-CHARACTERIZING):

Undoing a transfer of funds from a traditional IRA to a Roth IRA is no longer allowed.

Like the majority of the U.S. tax code, the Tax Cuts and Jobs Act has many provisions and exceptions that vary depending on a taxpayer’s individual and overall circumstances. When it comes to preparing and filing taxes in a transitional year where new laws apply and some states have not yet modified their own tax laws, Mr. Camp suggests having a professional review your previous year’s returns in addition to preparing your 2018 taxes. “Software can’t always keep up with all the moving parts at the state and federal levels and how they interact with one another. The cost of a qualified professional is often offset by the savings their expertise can help consumers achieve by knowing all the rules. And, there’s really no way to put a price on the protection and peace of mind you’ll get from working with people who know the laws and how they affect you.”


 

 

 

 

IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to successfully list and sell your distinctive property.

OUR INNOVATIVE AND PERSONALIZED APPROACH
• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

OUR RESULT FOCUSED SERVICE
• Always available to show qualified buyers and agents.
• Schedule Open Houses and Brokers Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

Luxury Real Estate Specialists

Denise Laugesen
Luxury Specialists
deniselaugesenteam@gmail.com
Direct: 650.403.6225
Cell: 650.465.5742
www.thelaugesenteam.com
DRE: # 01011089

Cortney Laugesen
Luxury Specialists
cortneylaug@gmail.com
Direct: 650.403.6226
Cell: 650.678.5084
www.thelaugesenteam.com
DRE: # 01859860

 

By cortney
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