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The World's Billionaires

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Dr. Chapa Kiuno, Oct 9, 2009.

  1. Dr. Chapa Kiuno

    Dr. Chapa Kiuno JF-Expert Member

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    Luisa Kroll, Matthew Miller and Tatiana Serafin,
    It's been a tough year for the richest people in the world. Last year there were 1,125 billionaires. This year there are just 793 people rich enough to make our list.


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    The world has become a wealth wasteland. Like the rest of us, the richest people in the world have endured a financial disaster over the past year. Today there are 793 people on our list of the World's Billionaires, a 30% decline from a year ago.
    Of the 1,125 billionaires who made last year's ranking, 373 fell off the list--355 from declining fortunes and 18 who died. There are 38 newcomers, plus three moguls who returned to the list after regaining their 10-figure fortunes. It is the first time since 2003 that the world has had a net loss in the number of billionaires.
    The world's richest are also a lot poorer. Their collective net worth is $2.4 trillion, down $2 trillion from a year ago. Their average net worth fell 23% to $3 billion. The last time the average was that low was in 2003.
    Bill Gates lost $18 billion but regained his title as the world's richest man. Warren Buffett, last year's No. 1, saw his fortune decline $25 billion as shares of Berkshire Hathaway (nyse: BRK.A - news - people ) fell nearly 50% in 12 months, but he still managed to slip just one spot to No. 2. Mexican telecom titan Carlos Slim Helú also lost $25 billion and dropped one spot to No. 3.
    It was hard to avoid the carnage, whether you were in stocks, commodities, real estate or technology. Even people running profitable businesses were hammered by frozen credit markets, weak consumer spending or declining currencies.
    The biggest loser in the world this year, by dollars, was last year's biggest gainer. India's Anil Ambani lost $32 billion--76% of his fortune--as shares of his Reliance Communications, Reliance Power and Reliance Capital all collapsed.
    Ambani is one of 24 Indian billionaires, all but one of whom are poorer than a year ago. Another 29 Indians lost their billionaire status entirely as India's stock market tumbled 44% in the past year and the Indian rupee depreciated 18% against the dollar. It is no longer the top spot in Asia for billionaires, ceding that title to China, which has 28.
    Comment On This Story


    Russia became the epicenter of the world's commodities bust, dropping 55 billionaires--two-thirds of its 2008 crop. Among them: Dmitry Pumpyansky, an industrialist from the resource-rich Ural mountain region, who lost $5 billion as shares of his pipe producer, TMK, sank 84%. Also gone is Vasily Anisimov, father of Moscow's Paris Hilton, Anna Anisimova, who lost $3.2 billion as the value of his Metalloinvest Holding, one of Russia's largest ore mining and processing firms, fell along with his real estate holdings.
    Twelve months ago Moscow overtook New York as the billionaire capital of the world, with 74 tycoons to New York's 71. Today there are 27 in Moscow and 55 in New York.
    After slipping in recent years, the U.S. is regaining its dominance as a repository of wealth. Americans account for 44% of the money and 45% of the list's slots, up seven and three percentage points from last year, respectively. Still, it has 110 fewer billionaires than a year ago.
    Visit The Forbes.com Digg Channel

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    Those with ties to Wall Street were particularly hard hit. Former head of AIG (nyse: AIG - news - people ) Maurice (Hank) Greenberg saw his $1.9 billion fortune nearly wiped out after the insurance behemoth had to be bailed out by the U.S. government. Today Greenberg is worth less than $100 million. Former Citigroup (nyse: C - news - people ) Chairman Sandy Weill also falls from the ranks.
    Last year there were 39 American billionaire hedge fund managers; this year there are 28. Twelve American private equity tycoons dropped out of the billionaire ranks.
    Blackstone Group's (nyse: BX - news - people ) Stephen Schwarzman, who lost $4 billion, and Kohlberg Kravis & Roberts' Henry Kravis, who lost $2.5 billion, retain their billionaire status despite their weaker fortunes.
    Worldwide, 80 of the 355 drop-offs from last year's list had fortunes derived from finance or investments.
    While 656 billionaires lost money in the past year, 44 added to their fortunes. Those who made money did so by catering to budget-conscious consumers (discount retailer Uniqlo's Tadashi Yanai), predicting the crash (investor John Paulson) or cashing out in the nick of time (Cirque du Soleil's Guy Laliberte).
    So is there anywhere one can still make a fortune these days? The 38 newcomers offer a few clues. Among the more notable new billionaires are Mexican Joaquín Guzmán Loera, one of the biggest suppliers of cocaine to the U.S.; Wang Chuanfu of China, whose BYD Co. began selling electric cars in December, and American John Paul Dejoria, who got the world clean with his Paul Mitchell shampoos and sloppy with his Patrón Tequila.
     
  2. PakaJimmy

    PakaJimmy JF-Expert Member

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    Haya sasa...hapo ndo kunywa chai kwa mluzi! Hiyo list ingebandikwa hapo nadhani kungekuwa na baadhi Watanzania! Nani anakataa!
     
  3. Dr. Chapa Kiuno

    Dr. Chapa Kiuno JF-Expert Member

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    Ha ha ha
     
  4. Mbonea

    Mbonea JF-Expert Member

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    Richest people in the world. Some interesting information.
    10. Amancio Ortega
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    Asset value: 18.3 billion. U.S. $
    The main source of wealth: fashionable clothes
    Railwaymen son started his career working in men's shirts Envoy store. After some time with his wife Rosalia Mera (now also billionaires) began sewing women's clothes and underwear just in their own homes. All this turned into one of the most successful apparel business world. Today, Inditex "has more than 4 000 in 71 stores. Sales seek to 12.3 billion. Dollars per year. A. Ortega is the head of the company. Despite the crisis, the company's shares over the past 12 months rose 1%. Billionaires are also invested gas, tourism, banking and real estate sectors. Amance daughter Marta is working "Inditex". Spreading candidates, namely, that in the near future to replace his father.

    9. Theo Albrecht


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    Asset value: 18.8 billion. U.S. $
    The main source of wealth: Trade Networks
    Manages cheap food supermarket chains "Aldi Nord, a company which is the economic crisis out of the benefits. Anticipated that the network's sales in 2008 reached 31 billion. U.S. dollars. After World War II with his brother he Karlu divider mother of a small food store in the "Aldi". Assets of the brothers shared the 1961 Theo to the north of Germany and the rest of the store. Failing to act "Aldi" The United States, was founded by Theo "Trader Joe's" network, which now operates 320 stores across the U.S.. Billionaires became solitary after the abduction in 1971, when the captive was maintained for 17 days. They say that Theo kolekcionuoja TYPEWRITERS old and loves to play golf.

    8. Lakshmi Mittal


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    Asset value: 19.3 billion. U.S. $
    The main source of wealth: Steel
    Immigrant from India led the world's largest steel company - "ArcelorMittal". Lakshmi Mittal has 8 seats, despite the fact that his company's shares reached a four-year lowness, and the price of steel from the middle of last summer had fallen, even 75%. His company was forced to pay huge fines, the French competition authorities have examined the 10 steel producers in a cartel agreement. "ArcelorMittal" has suffered over the last quarter of 2.6 billion. Dollars of losses. Starting with the family steel business in the seventies has founded his own company in 1994. Originally bought the cheap steel plants in Eastern Europe. A lot of time to cash in, and also has 12 bedrooms apartments of Kensington - London's prestigious area.

    7. Mukesh Ambani


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    Asset value: 19.5 billion. U.S. $
    The main source of wealth: oil products
    He is owned by Reliance Industries' stock, despite the depreciation of 40% over the last year, remains a valuable Indian company. Mukesh father Dhirubhai founded Reliance "and turned into a large conglomerate. After the death of his father and his brother Mukesh aniline by the time the family owned business. But the brothers strife suffering the correct leadership of the company and their mother decided to divide the property. Man still preparing to move into its 27-storey house, which is currently under construction and the decoupling of the propertied classes ape 1 billion. U.S. dollars. Mukesh - Bollywood film hard fan. His wife nita headed the school, named in honor of billionaires father.

    6. Karl Albrecht


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    Asset value: 21.5 billion. U.S. $
    The main source of wealth: Trade Networks
    Germany's richest man owned a cheap-food supermarket chains' Aldi Sud. " The economic downturn that the company went out of the benefits - in 2008 sales rose 9.4% to 33.7 billion. U.S. dollars. Company in 2009 plans to further expand and to open 75 stores in the U.S., in particular - in New York. With his younger brother Theo after World War II partition mother had to store "Aldi". Property shared with his brother in 1961 Jerry has already ceased the day to day "Aldi South" activities. Carlo - a very private man, known only to the extent that cultivates orchids and enjoys playing golf.

    5. Ingvar Kamprad


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    Asset value: 22 billion. U.S. $
    The main source of wealth: "Ikea"
    When the teenager was traded matches, fish, pencils, Christmas cards and other details. Began selling furniture in 1947. The first "Ikea" opened 50 years ago. Shop name is the name of the initials of the first parents' farm and the nearest village on the back. From day to day activities of the company withdrew in 1986, but is still the chief adviser. "Ikea" network marketing sells 9 500 kinds of goods in 36 countries, publishes a catalog of 27 languages. Revenue in 2008 increased by 7% to 27.4 billion. U.S. dollars. Ingvar All three sons are working in the company. Taupusis rich flies only economy class, go to the cheapest meals in restaurants and homes apstato only "Ikea" furniture.

    4. Lawrence Ellison


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    Asset value: 22.5 billion. U.S. $
    The main source of wealth: "Oracle"
    Database giant joined the race to the rich: "Oracle" in the last four years, even bought 49 items. Last major purchase last year, "BEA Systems for 8.5 billion. U.S. dollars. Company account still has 7 billion. U.S. dollars. Value of the shares over the last 12 months fell by 25%. He studied physics at the University of Chicago, but has not completed. He founded Oracle in 1977 The company made themselves publicly in 1986 - One day before Microsoft. Have a yacht "Rising Sun", but acquired and reduced, as almost 140 meters long "Rising Sun" quite difficult to manage.

    3. Carlos Slimas Helú


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    Asset value: 33 billion. U.S. $
    The main source of wealth: Telecommunication
    The economic downturn, and stems from the declining peso value of the richest Latin American property values flick 25 billion. U.S. dollars. Lebanese immigrant's son bought the fixed-line operators' Phone of Mexico ( "Telmex") 1990 and now controls 90% of Mexico's fixed-line market. Carlos also has América Móvil, Latin America's largest mobile supplier with 173 million. clients, the shares for 16 billion. U.S. dollars. Billionaires buying media, energy, retail companies active. Last year bought the New York Times Co.. "Shares. Mexican is a devotee of baseball statistics art collector.

    2. Warren Buffett


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    Asset value: 37 billion. U.S. $
    The main source of wealth: Investments
    Last year, America's beloved investor has been the world's richest man. However, this year lost 25 billion. Dollars of assets have fallen to second place. It is managed by Berkshire Hathaway's shares in the previous year in March fell by even 45%. Last year, invested in Goldman Sachs, General Electric, whose value has fallen significantly. Investors recognize the 2008 year made a lot of dumb mistakes. Youth of Nebraska politician son deliver newspapers. The first tax return filled in the recovery being 13 years old, and recovered $ 35 per bike purchased. Investing Warren Columbia University, taught the investment guru Benjamin Graham. The textile company Berkshire Hathaway took over in 1965 Now in its holding company, are invested in insurance, jewelry, utilities and food producers in the company

    1. The world's richest man - Bill Gates


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    Asset value: 40 billion. U.S. $
    The main source of wealth: "Microsoft"
    The software visionary, despite the past 12 months, lost 18 billion. Dollars of assets, again regained the title of richest man. Escape from daily Microsoft activities in the preceding summer, their talents and abilities sacrificed "Bill and Melinda Gates Foundation." Assets of this organization in January to 30 billion. U.S. dollars. Foundation to fight hunger in developing countries, education in U.S. secondary schools to improve the quality and the fight against malaria, tuberculosis and AIDS. B. Gatesas still time Microsoft Manual steering: each quarter trading Microsoft shares, invest. Unfortunately, Microsoft's stock value over the last 12 months fell by even 45%.

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