This image was shared on Reddit this past week and it shows how many brands are owned by a small number of holding companies. If you were like me, you probably intuitively understood that many brands are owned by other companies but the extent that it happens is pretty stark. This covers only consumer goods and doesn’t even include several other large companies, like UK giant Reckitt Benkiser Group – they own French’s, Clearsil, Lysol, Trojan and many other huge names.
What’s fun is how the brands are organized, you can sort of go around in a circle and match up similar items. You start with all the P&G cleaning products, go counter clockwise towards Johnson and Johnson and Unilever for personal hygiene products. Move upwards towards food and candies with Mars, Kellogg’s and General Mills. Continue onward into beverages in Pepsi and Coca-Cola, and then Kraft and Nestle owned solid foods. Nestle helps us bridge the gap by also owning some makeup and personal hygiene products. Fun huh?
Onto this week’s gems:
- How do you invest when your portfolio has to last forever ? Ask the folks who manage the Nobel Foundation, entrusted with a sum that they needed to keep alive while paying out awards each year.
- Finding missing money  and forgotten stock usually results with slim returns, unless you’re this lucky man .
- A word of warning if you had any forgiven debt , including forgiven mortgage debt, you will likely be liable for that forgiveness on your taxes. Forgiven debt is taxed as ordinary income and reported on a Form 1099-C.
- Want to get out of your lease? Money Crashers shares a few ideas on how to get out of your lease agreement without penalty .
Have a fantastic weekend!