82 on Forbes' 2014 list of the world's . We were closing down streets in Hollywood at rush hour to film and running red lights with police cars, and I was like, Wow, this is really cool, but am I ready for this? It was a great experience, but it was really tough. [6] Sinquefield told the BBC that the school's regimentation taught him self-discipline. . Based in Clayton, Show-Me is a think tank that commissions studies on public-policy issues. but didn't put anything there! Incidentally, Missouri already has more stringent tenure standards than every other state besides Ohio. You are so far off in your comments that it's obvious to see that you are probably being paid by the man as well. In 2010, Sinquefield bankrolled Proposition A, a measure that requires voters in St. Louis and Kansas City to consider every five years whether to retain the cities' 1 percent earnings tax. He serves on the boards of Saint Louis University, the St. Louis Symphony, the St. Louis Art Museum, the Missouri Botanical Garden,[54] the Contemporary Art Museum St. Louis,[55] and the Chess Club and Scholastic Center of Saint Louis. Submitted by Brendan Fischer on April 29, 2014 - 9:54am. He's trying to save EVERYONE money. As for Sinquefield, who oftencomplainsabout the horrible public policy thats coming out of Washington, hes convinced that going local is a good investment. [24] Both candidates lost. Rules are rules! According to the Missouri Ethics Commission, the $3.3 million Sinquefield has contributed to state candidates and committees so far this year dwarfs the contributions of Missouris other largest individual donors, only eight of whom have given in the six-figure range. The 2016 Sinquefield Cup has ended with its traditional Ultimate Moves finale, where Garry Kasparov, Yasser Seirawan and Rex and Randy Sinquefield joined the players for seven highly entertaining blitz games. "[Voss] said, A long time ago, decades ago, the Ku Klux Klan got together and said how can we really hurt the African American children permanently? [10] During the Vietnam War, he served as what he described as a "high-end gopher" in the finance corps at Fort Riley. After all time outs were used, the amateurs managed to memorise the right sequence to lead to a repetition of moves. Having failed to fulfill their agenda in the legislature on the voucher issue, Sinquefield and his allies are now turning to the ballot initiative process. Now Sinquefield is trying to do away with the 6 percent state income tax. Build and maintain your repertoire. Apr 2023 - Present2 months. Louis. Year. Being a writer also adds to his income. [35] Sinquefield and Let Voters Decide President Travis Brown say that replacing the income tax with a sales tax would help create jobs, promote economic development and make state revenue collection less volatile. How can we ruin their lives? Actually, more than broke. The Speaker of the Missouri House, Tim Jones, is a member of the ALEC Education Task Force and for many years has been the ALEC state chair for Missouri. He donated $1million to Republican Bev Randles' 2016 campaign for Lieutenant Governor of Missouri[23] and three quarters of a million to Kurt Schaefer, a Republican candidate for attorney general. Maurice Ashley can hardly believe it! [citation needed], In 1981, Sinquefield and another University of Chicago teaching assistant, David Booth, co-founded Dimensional Fund Advisors, the first passive fund focused on small (microcap) companies customarily ignored in large institutional portfolios. [7], He and his wife, Jeanne, met at the Judo Club at the University of Chicago. Brokeback Mountain actor Randy Quaid went,well, broke. After graduating with a theater degree, he entered the Brooks Institute of Photography in Ventura. It all seemed rather level after the first 25 moves, when each of the players had played their 5 moves each. He also owns a lot of cars, including a 2008 Bentley Continental Flying Spur that retailed for $170,000. Depending on their intended use, cookies may be used in addition to technically required cookies, analysis cookies and marketing cookies. Kansas sharply reduced revenues following the income-tax repeal led rating agency Moodys to cut the states bond rating in April from its second-highest bond rating to its third highest. The setback may have been temporary, though. But in 2005, he co-founded the Show-Me Institute, which promotes free-market causes and is now the most prominent conservative policy center in the state. 2021. Get 5 free searches. Scroll down to reference. This music is perfect for film scores. Rex is a very successful man who has gained a lot of income. Eventually, he cofounded a California-based investment firm, Dimensional Fund Advisors, that was managing $398 billion worth of assets as of March 31. Team Rex isn't thrilled about the queen blunder. Sinquefield, with the kind of blonde hair, blue eyes and fresh face that seems to exclusively come out of California, absolutely loved it. Louis. How about an unbiased analysis of the facts instead of your obviously slanted view? Can you blame him? Nowhere are Sinquefield's destructive intentions clearer than in his campaign against public education. Thats when Ill really be able to give money away., The Pitchforks Are Coming For Us Plutocrats, California's road to recovery runs through D.C. Republicans, Why New Jerseys ventilator guidelines may favor younger, whiter patients, Rhode Island ends specific restrictions on New Yorkers by making them national. Surrounded by sunny beaches and the nearby Hollywood glamour, he grows up and becomes more and more convinced he's destined for something that will require . If either referendum is successful, that citys earning tax will be phased out in 10 years. What Happened to Venus Angelic? What is Rex Sinquefield's phone number? To Sinquefield's dismay, in April 2011, citizens voted overwhelmingly to keep taxing themselves, with 78 percent in favor in Kansas City and 87 percent in St. Louis. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. He is also the owner of the Chess Club and Scholastic Center, also being a board member of St. Vincent Home. Rex Sinquefield's is 61 years old. Just like in 2008. In 2010, he spent $11.2 million bankrolling a successful statewide measure called Let Voters Decide that bans new municipal income taxes and forces Kansas City and St. Louis to hold referendums every five years to allow residents the option of repealing their city income tax. Back to car chases and exciting things, he said with a grin. Oy. Billionaire philanthropist and political donor Rex Sinquefield and his wife, Jeanne Sinquefield, are among the nation's biggest donors, according to a new report by the Chronicle of Philanthropy . . Soon, though, his love for standing just outside the limelight behind a camera, behind an editing screen, whatever crept back in. But he prefers his politics a lot less passive: The 69-year-old retired multimillionaire is now betting that he can pick political winners and losers back in his native Missouri. [9] He studied to be a priest at the Diocesan Seminary at Cardinal Glennon College in St. The statement would be easy to write off as buffoonery if it didn't come from Sinquefield, who has poured millions from his personal fortune into efforts to privatize education in the state through voucher programs and attacks on teacher tenure. Well, not exactly: In the 1970s, he pioneered the first index funds, investment vehicles that strictly track a broad portfolio of financial assets, such as the S&P 500, leaving no room for individual error or hunches. [40], Sinquefield donated $300,000 to "A Safer Missouri", a group supporting the campaign for local control. As of June 30, 2018, it managed more than $582 billion in assets. During a lecture at Lindenwood University in 2012, he provided grist for his detractors byquotinga former judge who had claimed that the Ku Klux Klan had designed the public school system to hurt the African-American children permanently. He later apologized for those remarks, but has sincesaidthat the public school system is condemning [children] to a life of failure and lack of opportunity.. It is from here that he gained self-discipline as the nun of the school was very strict as they were forced to wash dishes and clean the rooms. Much of that (of course) is from his incredibly lengthy career in country music . Rex Sinquefield's Crusade Against Income Taxes. In Missouri, where the hundred-dollar campaign checks that were long the norm are being replaced by Sinquefields six-, seven- and even eight-figure donations, he has fundamentally transformed the states sleepy politics in less than a decade. A kid is born in Los Angeles County. The prize fund is US $315,000 in total, with the winner getting $100,000, the runner up $75,00, and the rest $50,000 $20,000. The total amount he spent on his lobbying arm, Pelopidas, in pushing his agenda last year will never be fully disclosed, as only limited information is available about direct lobbying expenditures. Together, Jones and the Show-Me Institutebacked with Sinquefield cash, and using ALEC model legislationhave pushed an education privatization agenda in the state. He split with Travis Brown, his former consultant, following the ballot initiative's withdrawal in 2020. Technically required cookies: so that you can navigate and use the basic functions and store preferences. Randy Quaid became a famous actor in the 1970s for his acclaimed dramatic roles and even more so in the 1980s for his quirky, wide-eyed characters in some hugely successful comedies. 415-793-4901. [7] When they were teenagers, Sinquefield and his brother returned home to live with their mother. And according to IMDb, the actor earned $1 million for one of the aforementioned sequels,National Lampoon's Christmas Vacation, and $2.25 million for the bowling comedy. In 1982, he joined hands with David Booth, and they co-founded Dimensional Fund Advisors, which focussed on small companies. [36], On January 5, 2011, Let Voters Decide submitted nine initiative petitions to the Missouri Secretary of State calling for a repeal of the state's income tax with a top rate of six percent. Please note that your selection may affect the functionality of the service. He also gave $25,000 last year to a PAC supporting St. Louis Mayor Francis Slay, a Democrat, and $50,000 to Catherine Hanaway, a Republican running for governor. The star who was once making millions per movie famously just started acting bizarre. This article was originally published in the May 2014 issue of The Progressive magazine. The second part of the event was a pairs blitz where the amateur played alternate moves with the GM and the losing team would rotate their GM. [5][11] Due to high transaction costs at the time and low-liquidity for many smaller company stocks, Sinquefield did not initially buy all 500 stocks listed in the S&P 500, but he was able to nonetheless closely track the index. Sinquefield is a proponent of passive investment, meaning that he believes you simply cannot beat the market. Do some research on the man with an unbiased view. Of course, hes not even close but he likes people to believe he is. Net Worth: $11 Million. Then each GM comes in and plays 5 moves each, rotating until the game is over. "The Volokh Conspiracy Eminent Domain in Missouri", "Rex Sinquefield's Chess Mecca in the CWE St. Louis News Daily RFT", "Welcome to nginx eaa1a9e1db47ffcca16305566a6efba4!185.15.56.1". . He is as well an author of the book, which teaches about stock market returns. Solve tactical positions of your playing strength. Unlike the Koch Brothers, who made their money the old-fashioned way, by inheriting it, Sinquefield is a self-made man, who earned a fortune in the stock market by investing in index funds. When they moved to Columbia four months ago, Sinquefield took advantage of lower costs and leased a warehouse on St. James Street, called Spectrum Studios. Scroll down to find out what that number is today. And I was just like, Wow, these kids are doing this? . Your email address will not be published. Our legislators need to get a clue and not just follow the money.