Latest news with #Gringo
New York Post
18 hours ago
- Business
- New York Post
Mexico City plans to tackle gentrification after protests against mass tourism
The Mexico City government on Wednesday announced a preliminary plan to deal with gentrification, a week after a fierce protest against rising housing prices some link to mass tourism and an increase in foreigners often called 'digital nomads' who live temporarily in the capital city. Mexico City Mayor Clara Brugada said the plan will include regulation so that landlords cannot increase rents above inflation. Authorities will also share a list of 'reasonable rental' proposals. Brugada said her government will open a discussion with residents of Mexico's capital about her plan, but that the idea is to work on a bill that includes measures to promote affordable rent. Advertisement 4 People attend a protest against gentrification in Condesa neighborhood, one of the most popular among digital nomads settled in Mexico City, Mexico July 4, 2025. REUTERS 4 A demonstrator holds a banner reading 'Airbnb leave' during a protest. REUTERS The protest in early July was fueled by government failures and active promotion to attract digital nomads who work remotely often for foreign companies from Mexico City, according to experts. Advertisement Hundreds of people marched in neighborhoods popular with tourists, but the demonstration turned violent when a small number of people began smashing storefronts and harassing foreigners. Mexican President Claudia Sheinbaum said that the protest was marked by xenophobia. 'The xenophobic displays seen at that protest have to be condemned. No one should be able to say 'any nationality get out of our country' even over a legitimate problem like gentrification,' Sheinbaum said back then. 4 The Mexico City government announced a preliminary plan to deal with gentrification, a week after the fierce protest. Josue Perez/ZUMA / Advertisement 4 A demonstrator sprays graffiti during a protest against gentrification. AP Many Mexicans have complained about being priced out of their neighborhoods — in part because of a move made by Sheinbaum in 2022, when she was the Mexico City mayor and signed an agreement with Airbnb and UNESCO to boost tourism and attract digital nomads despite concern over the impact short-term rentals could have. During the protest, some people marched with signs reading 'Gringo: Stop stealing our home' and 'Housing regulations now!' Some anti-gentrification groups have called for a new protest this weekend.
Economic Times
2 days ago
- Entertainment
- Economic Times
Michael Jackson died in debt, but how come his kids are worth $150 million and living in luxury homes across California
Synopsis Despite Michael Jackson's significant debt at the time of his death in 2009, his children, Prince, Paris, and Bigi Jackson, have become multimillionaires. Their wealth, estimated at $150 million each, has grown substantially due to music royalties, merchandise, and strategic media deals managed by the Jackson estate. The estate's value has surpassed $2 billion, significantly benefiting Jackson's heirs. ANI Despite inheriting a legacy mired in debt, Michael Jackson's three children Prince, Paris, and Big, have turned their fortunes around. Today, each is reportedly worth $150 million and living in luxurious California estates. Michael Jackson died in 2009 with over $500 million in debt, yet his three children, Prince, Paris, and Bigi, are now multimillionaires living in luxury. Today, they each reportedly have a net worth of around $150 million. Their wealth has grown thanks to soaring music royalties, merchandise, and lucrative media deals struck by the Jackson estate since the pop icon's Jackson's financial troubles made headlines at the time of his passing, his estate has rebounded dramatically. Revenue from his music catalogue, the stage show MJ: The Musical, and licensing deals has pushed the value of the estate beyond $2 billion. Also Read: Ali Hazelwood's romance era hits the screen; what 'The Love Hypothesis' starring Tom Bateman reveals about Gen Z's dating fantasiesA major boost came in 2023 when Sony Music Group acquired half of Jackson's music catalogue for $600 million, the largest deal of its kind for a single musician's work. That windfall directly benefited Jackson's heirs. According to his will, 40 per cent of his estate went to his three children, 40 per cent to his mother Katherine, and the remaining 20 per cent to charity. Michael's eldest son, Prince Jackson, now lives in a $2.2 million home in Rancho Palos Verdes, California. A business graduate from Loyola Marymount University, Prince co-founded the Heal Los Angeles charity and prefers a quieter life away from he dabbled in entertainment early on, including a cameo in 90210, he later said, 'I didn't get that gene,' referring to his father's stage Jackson, born in 1998, followed her father's footsteps into showbiz. She's acted in films like Gringo and shows like American Horror Story, modeled for top brands including KVD Beauty, and released her own music, including the 2020 album has also purchased and sold several high-end homes. Her most recent residence is a $3.8 million Hollywood Hills estate complete with a pool, art studio, and home personal struggles after her father's death, Paris has openly spoken about her recovery and celebrated five years of sobriety this youngest son, Bigi (formerly known as Blanket), is the most private of the siblings. In 2020, shortly after turning 18, he bought a $2.6 million home in Calabasas, California. The six-bedroom property sits in a gated community with round-the-clock his older siblings, Bigi has largely avoided the spotlight but reportedly enjoys hobbies and keeps a low Michael Jackson's financial mismanagement once cast a shadow over his estate, careful handling by estate executors, including smart licensing and media ventures, has restored and even expanded his legacy's value. Explore More Stories
3 days ago
- Politics
Mexico City plans to tackle gentrification after protests against mass tourism
MEXICO CITY -- The Mexico City government on Wednesday announced a preliminary plan to deal with gentrification, a week after a fierce protest against rising housing prices some link to mass tourism and an increase in foreigners often called 'digital nomads' who live temporarily in the capital city. Mexico City Mayor Clara Brugada said the plan will include regulation so that landlords cannot increase rents above inflation. Authorities will also share a list of 'reasonable rental' proposals. Brugada said her government will open a discussion with residents of Mexico's capital about her plan, but that the idea is to work on a bill that includes measures to promote affordable rent. The protest in early July was fueled by government failures and active promotion to attract digital nomads who work remotely often for foreign companies from Mexico City, according to experts. Hundreds of people marched in neighborhoods popular with tourists, but the demonstration turned violent when a small number of people began smashing storefronts and harassing foreigners. Mexican President Claudia Sheinbaum said that the protest was marked by xenophobia. 'The xenophobic displays seen at that protest have to be condemned. No one should be able to say 'any nationality get out of our country' even over a legitimate problem like gentrification,' Sheinbaum said back then. Many Mexicans have complained about being priced out of their neighborhoods — in part because of a move made by Sheinbaum in 2022, when she was the Mexico City mayor and signed an agreement with Airbnb and UNESCO to boost tourism and attract digital nomads despite concern over the impact short-term rentals could have. During the protest, some people marched with signs reading 'Gringo: Stop stealing our home' and 'Housing regulations now!'
MTV Lebanon
3 days ago
- Business
- MTV Lebanon
17 Jul 2025 19:17 PM Mexico City vows to tackle gentrification after protests
Mexico City authorities on Wednesday announced a plan to tackle gentrification, following protests against rising rents blamed on an influx of foreigners, including remote workers. A demonstration against gentrification in the Mexican capital turned violent earlier this month, with businesses including a Starbucks coffee shop vandalized. Presenting her strategy to address the public anger, Mexico City Mayor Clara Brugada said that gentrification was "one of the most important issues in the city today." "It's not only a city issue, but a global one," she said. "It means the displacement of thousands of families from their neighborhoods. It also represents the disappearance of local businesses," she added. Authorities would create legal instruments to enforce an existing rule that landlords cannot increase rents by more than inflation, she said. The city government would also propose a "fair, reasonable and affordable rent" law to regulate and stabilize rental prices and prevent displacement, Brugada said, without giving details. Regulation of short-term rentals through platforms such as Airbnb would be strengthened, and authorities would prioritize the construction of public housing in central areas, she said. Protesters complain that increased arrivals of remote workers, known as "digital nomads," since the Covid pandemic have driven up rent prices and displaced Mexicans. Some held signs at the recent rally saying "Gringo go home" or demanding that foreigners speak Spanish, pay taxes and respect Mexican culture. President Claudia Sheinbaum condemned what she called "xenophobic" behavior at the demonstration. She called the motive for the protest legitimate but rejected calls for foreigners to leave.
Hamilton Spectator
3 days ago
- Politics
- Hamilton Spectator
Mexico City plans to tackle gentrification after protests against mass tourism
MEXICO CITY (AP) — The Mexico City government on Wednesday announced a preliminary plan to deal with gentrification, a week after a fierce protest against rising housing prices some link to mass tourism and an increase in foreigners often called 'digital nomads' who live temporarily in the capital city. Mexico City Mayor Clara Brugada said the plan will include regulation so that landlords cannot increase rents above inflation. Authorities will also share a list of 'reasonable rental' proposals. Brugada said her government will open a discussion with residents of Mexico's capital about her plan, but that the idea is to work on a bill that includes measures to promote affordable rent. The protest in early July was fueled by government failures and active promotion to attract digital nomads who work remotely often for foreign companies from Mexico City, according to experts. Hundreds of people marched in neighborhoods popular with tourists, but the demonstration turned violent when a small number of people began smashing storefronts and harassing foreigners. Mexican President Claudia Sheinbaum said that the protest was marked by xenophobia . 'The xenophobic displays seen at that protest have to be condemned. No one should be able to say 'any nationality get out of our country' even over a legitimate problem like gentrification,' Sheinbaum said back then. Many Mexicans have complained about being priced out of their neighborhoods — in part because of a move made by Sheinbaum in 2022, when she was the Mexico City mayor and signed an agreement with Airbnb and UNESCO to boost tourism and attract digital nomads despite concern over the impact short-term rentals could have. During the protest, some people marched with signs reading 'Gringo: Stop stealing our home' and 'Housing regulations now!' Some anti-gentrification groups have called for a new protest this weekend. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
