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Top Hedge Fund Guy Loves Jennifer Lopez and David Lynch

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Ray Dalio  is now the world’s No. 1 hedge fund guy. He tops the Forbes list of 40 highest-earning hedge fund managers.

But he’s also very charitable. His Dalio Family Foundation gave away over $13 million in 2010, and claimed assets of well over $227  million. As I’ve reported in the past, Dalio really likes Jennifer Lopez, aka JLO. Over the last three years, he’s given her Maribel Foundation $775,000. There’s nothing wrong with that. Each year, Maribel makes one contribution of its own, to a children’s hospital. Maribel reports Dalio’s gift on its 2010 tax filing; Dalio does not.

Dalio also really likes director David Lynch (“Blue Velvet,” “Twin Peaks”) and Transcendental Meditation. In 2010, he gave $1,855,000 to David Lynch’s Consciousness Based Foundation in Fairfield, Iowa for the teaching of TM. He also gave $25,000 to a groupl in Harlem to teach the kids there how to meditate. (That’s listed on his Form 990 as “Transidental Meditation” so there is either also a spelling problem or the kids can become dentists, perhaps.) Dalio gave $1.23 million to director David Lynch’s TM Foundation in 2008 and another $2.1 million in 2009. Clearly, he likes to meditate.

Dalio’s third biggest interest is in mental health. His family foundation also donates millions for treatment of bipolar disorder and Alzheimer’s. Dalio, like JLO’s sister Lynda Lopez, graduated from Long Island University. He, however, got his MBA at Harvard. He’s also married to a direct descendant of the legendarily and historically monied Vanderbilt-Whitney families. Their antecedents must be proud. Barbara Dalio is the daughter of Gertrude Vanderbilt Whitney-Henry and Peruvian businessman Luis Gabaldoni The couple divorced in a contentious jury trial in Reno, Nevada in 1955. The Dalios have a reported net worth of $5 billion.

Also read:

Marc Anthony, JLO Have Billionaire Pal: Call Him for Your Tax Problems, Kids!

JLO Billionaire Benefactor New Yorker Profile Leaves Out Good Stuff

Oscar Winner Meryl Streep Has Been Giving Away Millions For Years

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Yesterday’s big news: Meryl Streep and artist husband Don Gummer donated $20,000 to two schools, and fellow actor Viola Davis has been involved. It sounded very nice, and it was done before the Oscars. But a closer look reveals that the Gummers have quietly been giving away millions for the last several years without any fanfare. Their Silver Mountain Arts Foundation has donated close to $2 million to Vassar College alone in the last three years.

According to the foundation’s tax filing, Silver Mountain pays no salaries. It just gives and gives- t0 arts projects, health organizations, etc. The donations are in a range from $1000 to $1 million. It’s quite extraordinary and it’s been going on for years.  The Gummers are annual donors to the Opus School in Harlem, the setting of Meryl’s Oscar nominated performance in “Music of the Heart.”

In 2010 alone, they gave away $2.13 million–about half of it to Vassar, but $100,000 to Oxfam America, and another $5,000 apiece to things like New York’s City Meals on Wheels and Coalition for the Homeless. They’re very giving to local charities in their Connecticut neighborhoods, and support museums in Boston and Illinois. Last year they even gave $200,000 to the National Women’s Museum in Alexandria, Virginia.

Charity and largesse are not the reasons you get awards, however. I’ve read some weird stories in the last 48 hour about how “shocking” it was that Streep won the Best Actress Oscar on Sunday night for “The Iron Lady.” The fact is that Viola Davis gave a beautiful performance in “The Help.” She is now one of our top actresses. But nowhere in “The Help” are there the quantifying moments like Streep has over and over again in “The Iron Lady.” Even if you don’t like the conceit of the film–using Margaret Thatcher’s senility to frame her recollections–nothing can be taken away from Streep’s superior performance. She doesn’t do impersonations. The reason she’s called our finest actress is because she creates a character from scratch. In “The Devil Wears Prada” she wasn’t Anna Wintour; she was her own sensational act of will. The same thing can be said in her landmark work like “Doubt” and “Sophie’s Choice.” She subsumes. It’s remarkable.

Americans don’t have much investment in Margaret Thatcher. We don’t have an emotional attachment to her. Many people loathe her for her politics. The trick was to make Thatcher sympathetic enough to follow her through her key moments as Prime Minister and understand her as a human. When I first saw the movie I wrote on Showbiz411 that it was impossible to evaluate the actress. She was acting at an incandescent level. I felt bad that Jim Broadbent was overlooked; he was so fine. But Streep is a tour de force. This is no put down of Viola Davis, or Michelle Williams, Glenn Close, Berenice Bejo, Rooney Mara, or any of the other nominated actresses. Remember when an actress was needed for one scene in “Doubt” to go up against Streep, John Patrick Shanley sent in Viola Davis. We’re playing in the major leagues here. But there was no trickery in getting Streep the Oscar. When the full Academy voted, they were sending a referendum–how lucky we are to have Meryl Streep for her passion and consistency. And then on top of that, the quiet charitable work. Amazing.

Madonna Rehashes Cyndi Lauper Song from 1984

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Madonna‘s new single is out-”lyric” videos have surfaced on YouTube. And it’s worse than you can imagine. Madonna rehashes 1984 Cyndi Lauper with this lyrics: “Girls they just wanttto have fun.” It’s a recurring line from her new song, “Girls Gone Wild.” Porn instigator Joe Francis is already angry that Madonna has chosen his trademark line for the title of the song. But now the lyrics show that the best Madonna can come up with is a rip off of Cyndi Lauper from three decades ago.
The astonishing thing about this is that Lauper has always been the Madonna also ran–a real musician and composer who’s been overshadowed by her rival since they each started their careers. Madonna is in the Rock Hall; Lauper is not. Lauper writes her own music and has released some of the most underappreciated albums of the last 20 years without a lot of money behind her.
Madonna, who’s made millions and had the record company support, has now stooped to “quoting” Lauper’s signature hit in a lame effort to put out a new song. And this is Madonna’s second single from her unreleased MDNA album in less than a month. This is not a good sign for the new record deal she got with Interscope. Really? Is she really going to sing “Girls, they just want to have some fun?” What’s next? “99 Balloons”?

Woody Allen — Oscar Winner– Watched NBA All Star Game Instead

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One Academy Award winner from Sunday night did not bother himself with the Oscar show. Woody Allen, who last appeared on the Oscars in 2002 to bolster New York after the World Trade Center tragedies, hasn’t bothered with it since. Even though he won Best Original Screenplay for “Midnight in Paris” on Sunday night, his TV was not turned to ABC. His producer sister Letty Aronson told me he was busy watching the NBA All Star Game instead. “He may switch over if I call him before they announce his category,” she said. But otherwise, Woody was was probably more concerned that the East lost to the West. Aronson was denied the chance to accept Woody’s award because it was simply announced from the stage that he wasn’t there and and that was it. Allen last won the Screenplay award in 1987 for “Hannah and her Sisters,” although pretty much of all his screenplays should have Oscars, including “Match Point,” “Bullets over Broadway,” and “Vicki Cristina Barcelona.” His next film, “Nero Fiddles,” set in Rome, should open the Venice Film Festival. I’m told he’s workong on a new screenplay that may be set in New York again. Hallelujah!

The Artist Crowd Takes a 4am Dip to Celebrate Win

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A year ago no one knew anything about a French film called “The Artist” made in Los Angeles by French people for $15 million. No American knew the names of Jean DuJardin and Michel Hazanavicius or Berenice Bejo. Then in May, producer Thomas Langmann showed Harvey Weinstein this silent black and white movie about the end of the silent film era. And the rest is history.

Now DuJardin, a French TV star, told me at 4am Pacific, “I am shocked.” At a late late after party around the pool at the Chateau Marmont, cast and crew celebrated. Some jumped in the pool fully clothed. Almost everyone spoke French. DuJardin gripped his gold Oscar statue with a death grip. “Have you met my new friend?” he asked people as he showed off his prize. “I still cannot believe it.” His wife said that her emails from France were overwhelming. “They are so proud at home.”

Move up Move down  “The Artist” and the Medium-Agnostic Appeal of Old Tech  Allen St. John Contributor   The Most Controversial Dress At Oscars 2012  Jane Lee Forbes Staff  A little later, the cast and crew moved over to the Four Seasons Hotel for a live interview with Ann Curry on The Today Show. Harvey Weinstein accompanied them. Altogether he picked up 9 of the 16 Oscars for which his company was nominated including getting Meryl Streep her first Oscar in 29 years, and another for the documentary, “Undefeated.” For Weinstein, it was his second Best Picture in a row. Last year it was “The King’s Speech. ” Add these to “ Chicago,” “The English Patient,” and “Shakespeare in Love” — all Best Picture winners, plus dozens and dozens of nominees from “Pulp Fiction” to “The Cider House Rules” to “The Aviator”–Weinstein is the single most winning studio head in history.

Streep’s win is particularly poignant. She has two Oscars, from 1979 and 1982, yet with 17 nominations, the public perceived her as having many more statues. She’s come close with “Doubt,” “The Devil Wears Prada,” “Music of My Heart,” “Bridges of Madison County”–and so many more. Winning at last after 29 years meant beating her friend Viola Davis. But Streep is human and can only stand so much. The Academy obviously agreed.

More later this afternoon from my visits to the Elton John and Vanity Fair parties, all star studded…

read us all at www.forbes.com

 

George Clooney Going Rogue Tonight with Party

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So: George Clooney is going rogue tonight. He’s booked out Craigs on Melrose for a private Oscar party. He’ll have all his peeps from “The Descendants” and “The Ides of March,” plus friends and family, Brad and Angelina, the whole gang. If Clooney wins Best Actor, the place will  go wild. If he loses, it will still be a hot spot for well wishers. Clooney and Pitt were odds on favorites to win Best Actor this year for their respective films. Then Jean DuJardin came out of nowhere. Of all this years’ films, “The Descendants” somehow got the short shrift–a surprise since it so very good. But everyone at Craigs will drink and eat the truffled fried chicken, and none of it will hurt.

Bobbi Kristina: Whitney Houston’s Daughter is OK, Just Not Alright

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You can forget all those stories about Whitney Houston‘s daughter, Bobbi Kristina, disappearing or doing drugs since her mother’s death. I am told that “from the moment” Whitney passed away, the family called in Houston’s drug counselor for help. Warren Boyd, aka “The Cleaner,” has been with Bobbi Kristina “around the clock.”

Many websites that just copy each other, starting — surprisingly– with “The Daily Beast”–are trying to turn Bobbi Kristina into a tabloid heroine at death’s door. The frenzy is remarkable. But pictures and video from the funeral show the 18 year old young woman talking, laughing, crying, and acting–normal. Having Boyd there is extra protection. He’s known for her a long time.

Says my source: “He came right to the Beverly Hilton Hotel, he stayed on the 4th floor with her, he’s been by her side through everything. He went to the funeral and then took her home. Bobbi Kristina didn’t go to the repast because she was overwhelmed. But Warren was with her at the hotel. She never went missing.”

The source added that “Bobbi Kristina is being watched like a hawk, don’t worry.” Calls to Boyd were not returned. Boyd was responsible for cleaning Whitney up almost a year ago–starting in April 2011, and at least one previous time.

Key to this story is that Bobbi Kristina has evidently returned to Atlanta to the condo she shared with her mother. She has left the Houston family in New Jersey. Her father, Bobby Brown, is said to be there, too. His last tour date was Sunday in Newark.

“General Hospital” Reaches All Time Low in Ratings, Prepares for Wrap Up

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A few months ago I wrote that “General Hospital” would kill off Robin Scorpio, played by Kimberly McCullough she since was a child. Well, they did it. There is a lot of mail on this subject. But last week, “GH” reached an all time low in ratings. This isn’t by happenstance. ABC is getting ready to say goodbye to its last soap in time to debut Katie Couric in September. McCullough says she left to become a director, which may be true. But “GH” and ABC are following the plan laid by Procter and Gamble a couple of years ago. They got rid of the young demographic actors on “As the World Turns” and “Guiding Light.” It’s one thing to kill off old characters on a soap. But when you start killing the young female characters with big fan bases, that’s a sign the show is over.

ABC’s big problem is that the two shows they replaced “All My Children” and “One Life to Live”–“The Chew” and “The Revolution”–are unwatchable. So now what? The wheels are in motion to end “General Hospital,” on the air since Lyndon Johnson was president. There will be a lot of mail, but the network doesn’t care. This is cost cutting. Just as with the two other shows, they want “GH” off the air. Maybe they’ll go really retro and bring back The Afternoon Movie, in black and white. Or drag over programming from Lifetime. But Tuesday was the pivotal day for “GH.” Sorry, fans. (Ratings are from tvbythenumbers.com) PS McCullough has directed a new short film, listed on the Internet Movie Data Base, and has appeared in what looks like a direct to video film. But she’s talented, and there’s nowhere to go but up.

Rihanna, Chris Brown: Back Together with F Rated Raunchy Remix

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It seems like Rihanna, aka Robyn Fenty, has gotten past being beaten to a pulp by Chris Brown. She asked him to add some lyrics to a remix of a “Song” she calls “Birthday Cake.” I’ll give you the link. At about 1:14, Mr. Brown informs Rihanna that “God, I  want to f— you right now/I’ve been really missing your body.” http://www.youtube.com/watch?v=ypgXMcQNpdM

The use of the word “God” may have a religious meaning. It’s unclear.

This couple will be remembered as the Marvin Gaye and Tammi Terrell of modern pop, nor Carole King and James Taylor, or Steve Lawrence and Eydie Gorme. The hip hop duo has been written about extensively in the tabloids as being back together romantically. In fact, it’s unclear, if they’ve ever been apart. Brown won a Grammy Award last week for Best R&B album, which was completely ridiculous. In 2009, he beat Rihanna senseless the night before the Grammys. She supposedly has a restraining order against him. Something tells me it’s not working.

Someone better tell Rihanna to watch the Tina Turner movie, “What’s Love Got to Do With It.” Although, Tina was never this vulgar in the first place.

 

Whitney Houston, Michael Jackson Had a Curious Friend in Common

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Here’s the one person in the Whitney Houston story whose name you have not heard, and who has remained a mystery: a Dutch man from Amsterdam who goes by the name of Raffles van Exel. He is also known – in court records—as Raffles Dawson and Raffles Benson. He was on the fourth floor of the Beverly Hilton Hotel in one of Houston’s suites when she died. He appeared downstairs in the lobby shortly thereafter, wearing aviator sunglasses, sobbing.

As usual, he had an entourage in tow, including Quinton Aaron, the actor who played the football player in “The Blind Side.” Raffles, in one of his many PR Newswire releases, recently announced that he’s producing movies with Aaron. It’s just one of many ventures he announces regularly. For someone who has no obvious means of support, he is a regular on PR Newswire and You Tube. On the latter, you can find him interviewing friends of Michael Jackson. It is assumed that he sells stories to tabloids. He regularly includes names of tabloid reporters like Kevin Frazier of “The Insider” on his Tweets.

Despite the shock of Whitney’s death, Raffles still made it downstairs to Clive Davis’s party. He was dressed in formal wear, had Whitney’s tickets in his hand, and intended  to sit at her table. Just inside the ballroom he was comforted by celebrities to whom he related his story—“I found Whitney.”  Gayle King hugged him. Quincy Jones listened patiently to his story. A security guard told me later, “Well, he was up there.” He was also hanging around with Houston all week prior to her death. On Tuesday when she emerged from a nightclub, looking disheveled, Raffles appears in a photograph on TMZ like a deer in headlights. He is standing right behind her in a powder blue suit. On Twitter, he wrote: “STOP reading the stupid blogs.. Whitney had a great time, she looked amazing. Nothing was wrong, it was just DAMN hot in that club.”

But who is Raffles van Exel? He’s one of Hollywood’s mysteries. I first met him in 2005 hanging around the Jackson family during Michael Jackson’s child molestation trial. After Michael went abroad, Raffles was often seen with Michael’s father, Joseph Jackson. He trades on being an “insider” when there’s a scandal. No one really knows him, but he’s always where there’s action and celebrities. On the internet he claims to own a number of companies including Raffles Entertainment. He’s also been sued a couple of times, once by a partner in something called Max Records, Inc., and once by a private aviation company in Los Angeles. I spoke to the plane company and they said they can’t comment because the situation is ongoing. On Twitter he claims to be managing “my girl,” Chaka Khan. There are plenty of pictures of Raffles on the internet with celebrities. You can see him with everyone from Magic Johnson to Sandra Bullock. If ever there was a real life Zelig, he is it.

It’s  not a surprise that Raffles has turned up in Whitney Houston’s story. Last October, he and Whitney and others traveled to North Carolina with Whitney’s sister in law Patricia Houston for something called a Teen Summit. It was billed as part of The Patricia Houston Foundation, an organization for which there is no official 501 c3  registration. Pat Houston, married to Whitney’s brother Gary, has been Whitney’s manager for years.  (Whitney’s own foundation for children ceased functioning years ago.) She also owns a consignment shop in North Carolina, and a candle company called Marion P. Candles, with Whitney.

In the old days he used to wear a yellow jacket full of black question marks—like The Riddler. On Saturday night, as he pulled in various guests to Clive Davis’s party past the velvet ropes, he was wearing a Michael Jackson-like tuxedo. He lives in West Hollywood now, but his official domicile—and where he’s been sued—is Chicago. He has not responded to countless emails and phone messages.

UPDATE: Raffles indeed attended the funeral, riding with Pat Houston in a family car. Insiders are docked and concerned that he’s still hanging around. At the funeral he made a beeline up the aisle at the church at the end of the service, to have his picture taken with Cissy Houston. Security rebuffed him. I’ve since learned also that his family may be Dutch, but he is from Suriname in South America. More to come, both here and at Forbes.com