The World's Richest CEOs

[Herbalist Dr MziziMkavu]

<alternatetext>World's Richest CEOs
</alternatetext>
The world’s richest chief executives have all either founded or built companies from the ground up, in many cases transforming their industries.

While some of them inherited wealth, most came from modest beginnings. One started as a newspaper boy, another as an insurance salesman, a third as a mortgage broke

<alternatetext>10. Aliko Dangote, 55
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Company: Dangote Group
Net worth: $11.2 billion
Compensation: $16, 510*

Billionaire Aliko Dangote is the richest man in Africa, according to Forbes. He is also the founder and CEO of Dangote Group, which owns Nigeria’s largest listed company by market cap — Dangote Cement.

<alternatetext>9. Mark Zuckerberg, 27
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Company: Facebook
Net worth: $18.1 billion
2011 compensation: $1.49 million

At 27-years-old, Mark Zuckerberg is the youngest CEO on the list. As the founder and CEO of the world’s largest social networking website with 845 million monthly users, Zuckerberg is likely to leap up the rankings once Facebook goes public this year.

<alternatetext>8. Larry Page, 39
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Company: Google
Net worth: $18.3 billion
2010 compensation: $1,786

Google co-founder Larry Page was the company’s first CEO, but he stepped aside in 2001 and became President of products. Page returned to the post of Chief Executive last year.

 

[Herbalist Dr MziziMkavu]

<alternatetext>7. Lakshmi Mittal, 61
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Company: Arcelor-Mittal
Net worth: $19.1 billion
2011 compensation: $1.74 million

Lakshmi Mittal is the founder and CEO of ArcelorMittal — the world’s largest steelmaker.

The 61-year old steel tycoon founded the company in 1976 as LNM Group, parting ways from his India-based family's steel business, which he helped run. His new firm went

<alternatetext>6. Sheldon Adelson, 78
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Company: Las Vegas Sands
Net worth: $24.6 billion
2010 compensation: $11.36 million


Sheldon Adelson is the chairman and CEO of Las Vegas Sands, the most valuable publicly traded U.S. casino company.

Adelson rose from poverty in Boston and

<alternatetext>5. Charles G. Koch, 76
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Company: Koch Industries
Net worth: $24.7 billion
Compensation: N/A

Charles G. Koch has been the chairman and CEO of Koch Industries — one of the largest privately owned companies in the U.S. — since 1967. The group’s annual revenue is more than $100 billion, according to Forbes.

<alternatetext>4. Eike Batista, 56
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Company: EBX
Net worth: $31.6 billion
Compensation: N/A

Eike Batista is South America’s richest man, and the founder and CEO of holding company EBX.

Known for taking risks in his rise from a door-to-door insurance salesman to Brazil’s leading

 

[Herbalist Dr MziziMkavu]

<alternatetext>3. Lawrence J. Ellison, 67
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Company: Oracle
Net worth: $35 billion
2011 compensation: $77.6 million

As the co-founder and CEO of Oracle, Larry Ellison is also the sixth richest person in the world and the third wealthiest in the U.S., according to Forbes.

Ellison co-founded Oracle under the name

<alternatetext>2. Warren Buffett, 81
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Company: Berkshire Hathaway
Net worth: $44.7 billion
2011 compensation: $491,925

As chairman and CEO of Berkshire Hathaway, Warren Buffett is the world’s second-richest CEO and the world’s third-richest man. His company’s holdings include American Express, Coca-Cola, Costco, and Moody’s.

<alternatetext>1. Carlos Slim, 72
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Companies: Grupo Carso, Telmex, America Movil
Net worth: $70 billion
Compensation: N/A

Carlos Slim has been the world’s richest man for the past three years, and his wealth is equivalent to nearly 6 percent of Mexico’s annual economic output.

 

[Herbalist Dr MziziMkavu]

<alternatetext>10 Cash Rich Companies
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Corporations hold cash for a variety of reasons, including timing the price of growth-related assets, running day-to-day operations, conducting acquisitions, holding for future investment or acting as a precaution against market uncertainty.

If a company holds more cash or highly liquid assets as a large proportion of its total assets - and relative to its peers - investors may draw

<alternatetext>Diamond Offshore (DO)
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Cash as % of assets: 17.8%
Cash as % of annual revenue: 38%
Total cash and short term investments: $1.24 billion

Energy Sector Averages
Liquid assets as % of total assets: 6.38%
Total liquid assets: $90.99 million

Priceline.com (PCLN)Cash as % of assets: 63%
Cash as % of annual revenue: 58.7%
Total cash and short term investments: $2.4 billion

Consumer Discretionary Sector Averages
Liquid assets as % of total assets: 19.99%
Total liquid assets: $25.28 million

<alternatetext>Altera Corp (ALTR)
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Cash as % of assets: 80.3%
Cash as % of annual revenue: 166.5%
Total cash and short term investments: $3.44 billion

Technology Sector Averages
Liquid assets as % of total assets: 26.72%
Total liquid assets: $388 million

<alternatetext>Expeditors International Washington (EXPD)
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Cash as % of assets: 45.2%
Cash as % of annual revenue: 21.1%
Total cash and short term investments: $1.29 billion

Industrials Sector Averages
Liquid assets as % of total assets: 12.55%
Total liquid assets: $220.1 million

 

[Herbalist Dr MziziMkavu]

<alternatetext>Franklin Resources (BEN)
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Cash as % of assets: 50.4%
Cash as % of annual revenue: 94.5%
Total cash and short term investments: $6.75 billion

Financial Sector Averages
Liquid assets as % of total assets: 31.47%
Total liquid assets: $4.53 billion

<alternatetext>Gilead Sciences (GILD)
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Cash as % of assets: 57.2%
Cash as % of annual revenue: 118.1%
Total cash and short term investments: $9.9 billion

Health Care Sector Averages
Liquid assets as % of total assets: 26.16%
Total liquid assets: $236.2 million

Lorillard (LO)Cash as % of assets: 54.3%
Cash as % of annual revenue: 36.7%
Total cash and short term investments: $1.63 billion

Consumer Staples Sector Averages
Liquid assets as % of total assets: 6.87%
Total liquid assets: $69.69 million

<alternatetext>MetroPCS Communications (PCS)
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Cash as % of assets: 23.7%
Cash as % of annual revenue: 46.3%
Total cash and short term investments: $2.24 billion

Telecom Services Sector Averages
Liquid assets as % of total assets: 3.96%
Total liquid assets: $25.6 million

<alternatetext>The Mosaic Company (MOS)
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Cash as % of assets: 23%
Cash as % of annual revenue: 32.5%
Total cash and short term investments: $3.6 billion

Materials Sector Averages
Liquid assets as % of total assets: 8.57%
Total liquid assets: $40.15 million

 

[Herbalist Dr MziziMkavu]

<alternatetext>AES Corp (AES)
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Cash as % of assets: 10.9%
Cash as % of annual revenue: 24.7%
Total cash and short term investments: $4.35 billion

Utilities Sector Averages
Liquid assets as % of total assets: 2.05%
Total liquid assets: $20.6 million

 

[Herbalist Dr MziziMkavu]

<alternatetext>Europe's 10 Richest People
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As the European debt crisis deepens, many ordinary citizens have felt the impact of deep cuts to government benefits combined with cuts in public- and even the private-sector wages. But crisis-hit Europe is also home to many ultra-wealthy individuals whose personal fortunes are on the rise.

While Spain may soon require a full bailout, one of its citizens recently became the

<alternatetext>9 & 10. Berthold & Theo Jr Albrecht, Germany
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Estimated Net Worth: $11.2 billion each.
Origin of Wealth: Aldi Nord, supermarket

Berthold and Theo Albrecht Jr. inherited the German discount super market chain Aldi Nord from their father, the late Theo Albrecht. Little is known about the brothers, who are as secretive as their father and uncle (see slide two). Theo Jr. (61) has one child. Berthold (57) has 5 children. They both serve on the

<alternatetext>8. Serge Dassault, France
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Estimated Net Worth: $11.5 billion
Origin of Wealth: Dassault Group, aviation

Serge Dassault is the chairman and CEO of Dassault Group, a group of companies that includes aircraft manufacturer Dassault Aviation and the conservative daily French newspaper Le Figaro. He inherited the group from his father, Marcel Dassault.

<alternatetext>7. Leonardo Del Vecchio, Italy
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Estimated Net Worth: $13.6 billion
Origin of Wealth: Luxottica, sunglasses

Leonardo Del Vecchio, Italy’s second richest man, is the founder and chairman of Luxottica Group, a leader in luxury and sports sunglasses. Luxottica owns many well-known brands such as Ray-Ban and Oakley, and has licensing deals with Chanel, Prada, and most of the other large fashion houses. The group

 

[Herbalist Dr MziziMkavu]

<alternatetext>6. Francois Pinault, France
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Estimated Net Worth: $14.2 billion
Origin of Wealth: PPR, retail

François Pinault is a self-made French tycoon who is the majority shareholder of luxury retail company PPR, which owns the Gucci Group (Yves Saint Laurent, Balenciaga, Bottega Veneta, and Alexander McQueen). In 1992, he created Artemis, a private company entirely owned by the Pinault family. Artemis controls

<alternatetext>5. Michele Ferrero, Italy
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Estimated Net Worth: $16.4 billion
Origin of Wealth: Ferrero SpA, chocolates

Michele Ferrero, Italy’s richest man, owns Ferrero SpA. Founded in Alba, Italy in 1946 by Ferrero’s father, Pietro, Ferraro is the fourth largest chocolate maker in the world, known for its Kinder, Nutella and Tic Tac brands. Pietro’s great idea was to create a chocolate-like sweet using hazelnuts, which were

<alternatetext>4. Bernard Arnault, France
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Estimated Net Worth: $23.7 billion
Origin of Wealth: LVMH, luxury retail

France’s richest man, Bernard Arnault is chairman, CEO and majority owner of LVMH Moët Hennessy Louis Vuitton, which controls over 60 luxury brands, including Louis Vuitton, Givenchy, Tag Heuer watches, Donna Karan, Fendi, Dior, Moët & Chandon champagne and other companies.

<alternatetext>3. Liliane Bettencourt, France
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Estimated Net Worth: $23.7 billion
Origin of Wealth: L’Oreal, cosmetics

Europe’s richest woman, Liliane Bettencourt is one of the principal shareholders of L’Oreal, one of the world's largest cosmetic and beauty companies. The only child of L'Oréal founder Eugène Schueller, who built a beauty empire on a patented hair dye, Bettencourt has generally shunned attention and grants few

<alternatetext>2. Karl Hans Albrecht, Germany
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Estimated Net Worth: $26.0 billion
Origin of Wealth: Aldi Sud, supermarket

Karl Hans Albrecht, Germany’s richest man and second richest in the euro zone, founded the German discount supermarket chain, Aldi, alongside his brother Theo. Born in 1920 to a humble family from Essen, Germany, the brothers took over their mother’s small grocery store after World War II, expanding it into a

 

[Herbalist Dr MziziMkavu]

<alternatetext>1. Amancio Ortega Gaona, Spain
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Estimated Net Worth: $40.2 billion
Origin of Wealth: Inditex, retail

Amancio Ortega Gaona, the richest man in the euro zone and fifth richest man in the world, is a Spanish fashion executive and founding chairman of the Spanish clothing merchandiser, Inditex. Though he resigned as chairman last year, he still owns 59.29 percent of the company, which is the parent of Zara, Massimo

 

[Herbalist Dr MziziMkavu]

<alternatetext>The World's Most Dangerous Cities
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Most cities that bring together vast and diverse populations, while being places of great inspiration, commerce and community, also contain danger. Although no city is free of violence, disease and crime, some are clearly more affected than others.

Danger is hard to quantify, since one person’s nuisance may be another person’s nightmare, but Mercer Consulting recently released

<alternatetext>10. Conakry, Guinea Republic
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The U.S. State Department warns its citizens that crime in Conakry is part of daily life. Residential and street crimes are common, and some crime is perpetrated by people in military uniforms. Although sentiment toward U.S. citizens in Guinea is generally positive, according to the State Department, criminals regularly target foreigners, including Americans, because they are perceived as lucrative targets.

<alternatetext>9. Nairobi, Kenya
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There is a severe threat of terrorism in Nairobi, with frequent attacks being carried out. Westerners are also warned of all but essential travel to low-income areas of the city, which experience high crime levels. Recent attacks in the city in 2012 include a grenade attack on a church near Nairobi city center on April 29 (pictured left), with one death reported. A series of suspected grenade explosions in the central business district on

 

[Herbalist Dr MziziMkavu]

<alternatetext>8. Sana’a, Yemen
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Since the Mercer Survey in December, the security situation in Yemen has rapidly deteriorated, due to uprisings against the government and instability opening a door for terrorism. Both the State Department and the British Foreign Office are advising against all travel to Yemen and urging their citizens to leave while some commercial carriers are still flying there.

<alternatetext>7. Tbilisi, Georgia
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The security situation in Tbilisi, capital of Georgia, has improved. There is still a substantial crime risk and some instances of terrorism. For example, an explosive device was found in the car of an Israeli Embassy employee in Tbilisi on Feb. 13. And on May 12, floods in Tiblisi killed and injured a number of people.

Protests, like the one pictured at left, are

&#8203;6. Karachi, PakistanThere is a high threat from terrorism and sectarian violence throughout Pakistan, with several attacks taking place in Karachi in 2011. The British Foreign Office warns that attacks could be indiscriminate, including at places frequented by expatriates and foreign travelers. U.K. and U.S. citizens are urged to keep a low profile, avoid large gatherings and limit movements on Fridays, the Muslim holy day. Public places have been targeted,

 

[Herbalist Dr MziziMkavu]

<alternatetext>5. Kinshasa, Democratic Rep. of the Congo
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The U.K. Foreign Office warns citizens of all but essential travel to Kinshasa and the rest of the DRC. The capital has a critical crime threat, and U.S. citizens continue to be the victims of serious crimes, including armed robbery by groups posing as law enforcement officials in both urban and rural areas, especially after nightfall. It has been reported that robberies by gangs of street children are increasingly common and becoming more aggressive.

<alternatetext>4. Bangui, Central African Republic
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There are no travel restrictions for the capital of the Central African Republic, Bangui, but the U.S. State Department warns against all but essential travel outside of it. There were outbreaks of violence in Bangui in early June 2011 resulting in government-imposed curfews in the city, and recently there have been attacks on some Europeans on the scenic walks.

<alternatetext>3. Abidjan, Ivory Coast
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The security situation in Abidjan has improved significantly since the arrest of former President Laurent Gbagbo on April 11 and the assumption of power by the duly elected president, Alassane Ouattara. However, while the security environment has improved, the U.S. State Department warns Americans to exercise caution, particularly at night.

The national forces loyal to Ouattara continue

 

[Herbalist Dr MziziMkavu]

<alternatetext>2. N’Djamena, Chad
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Although there are no travel restrictions for the capital of Chad, N’Djamena, the British and American governments warn against traveling anywhere else in the country. Despite an improving security situation in Chad since a peace agreement with Sudan in early 2010, the upheaval in Libya has destabilized large parts of Chad, and there is an underlying threat of terrorism and kidnappings. The British Foreign Office warns that particularly in the

<alternatetext>1. Baghdad, Iraq
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The capital of Iraq, Baghdad, is lthe world's most dangerous city in Mercer’s rankings. Following the withdrawal of military forces from Iraq as of Dec. 31, the U.S. State Department and British Foreign Office warn their citizens against all but essential travel to Iraq. They add that those traveling there should do so only with a professional security company. Monthly car bombings and threats of attack against U.S. targets throughout Iraq continue,

 

[Herbalist Dr MziziMkavu]

<alternatetext>Countries With Zero Income Taxes
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To paraphrase Benjamin Franklin: The only things certain in life are death and taxes. And sure enough, millions around the world file taxes every year.

Personal income taxes are a huge source of revenue for governments globally, and the debate on taxes is a hot-button issue in the U.S. presidential election.

<alternatetext>United Arab Emirates
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The United Arab Emirates has one of the world's highest per-capita incomes, $48,200, and has no personal income or capital gains taxes.

Instead of generating revenue from income tax, the country, which is the third-biggest exporter of crude globally, is dependent on taxes from oil companies that pay up to 55 percent in corporate taxes. Foreign banks pay

<alternatetext>Qatar
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Gas-rich Qatar became the world’s richest country this year with GDP per capita of more than $88,000, according to Forbes.

Relying on its natural gas reserves — which are the world’s third largest — for revenue, Qatar has invested heavily in infrastructure to liquefy and export the commodity. The country levies no taxes on personal incomes, dividends, royalties, profits, capital gains and property.

<alternatetext>Oman
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Like neighboring Middle Eastern countries, Oman derives the majority of its revenue from crude oil.

The country’s oil revenues increased 35 percent in April to $8.49 billion compared to the same month last year and accounted for over 71 percent of the sultanate’s total revenues. Although, there is no individual income or capital gains taxes in Oman,

 

[Herbalist Dr MziziMkavu]

<alternatetext>Kuwait
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As the world’s sixth-largest oil exporter, Kuwait’s oil revenue of $63.5 billion between April and November of last year, accounted for 95 percent of the government’s total revenue in the period.

While there is no income tax in the country, Kuwaiti nationals must contribute 7.5 percent of their salary for social security benefits; their employers make an 11

<alternatetext>Cayman Islands
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Well known as an offshore financial center, the Cayman Islands are a big draw for the wealthy with its zero personal income and capital gains taxes and because it has no mandatory social security contributions.

Employers, however, are required to provide a pension plan for all workers, including expatriates who have been working for a continuous nine months in the islands. While

&#8203;BahrainWith no personal income tax, Bahrain relies on output from the Abu Safa oilfield, which is shared with Saudi Arabia, for about 70 percent of its budget revenue.

For social security benefits, citizens contribute 7 percent of their total income to the government, while expatriates pay 1 percent. Employers must also make a contribution of 12 percent of a citizen’s income for social insurance, and pay 3

 

[Herbalist Dr MziziMkavu]

<alternatetext>Bermuda
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Considered one of the world’s most affluent countries, Bermuda also has among the world's highest cost of living.

While there is no income tax, workers may be asked by employers to contribute up to 5.75 percent of a 16 percent payroll tax that the employer has to pay to the government on the first $750,000 of an employee’s income. Workers also have to pay $30.40

<alternatetext>The Bahamas
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Among the wealthiest Caribbean countries, the Bahamas features an economy that's heavily dependent on tourism and offshore banking.

About 70 percent of government revenue comes from duties on imported goods. Even though there is no personal income tax, employees have to contribute 3.9 percent of their salary, up to a maximum

 

[Joeli]

Chimbuvu upo online?

 

[St. Paka Mweusi]

<ALTERNATETEXT>2. N'Djamena, Chad
</ALTERNATETEXT>
Although there are no travel restrictions for the capital of Chad, N'Djamena, the British and American governments warn against traveling anywhere else in the country. Despite an improving security situation in Chad since a peace agreement with Sudan in early 2010, the upheaval in Libya has destabilized large parts of Chad, and there is an underlying threat of terrorism and kidnappings. The British Foreign Office warns that particularly in the

<ALTERNATETEXT>1. Baghdad, Iraq
</ALTERNATETEXT>
The capital of Iraq, Baghdad, is lthe world's most dangerous city in Mercer's rankings. Following the withdrawal of military forces from Iraq as of Dec. 31, the U.S. State Department and British Foreign Office warn their citizens against all but essential travel to Iraq. They add that those traveling there should do so only with a professional security company. Monthly car bombings and threats of attack against U.S. targets throughout Iraq continue,

Wapi naweza kukata rufaa ya huu mpangilio?Siamini kama Mogadishu haimo kwenye kumi bora,ila ninasikitika kuona kuwa miji hatari mingi iko Afrika.

 

[HIMARS]

Nice Mzizimkavu

 

[HIMARS]

hebu tuletee ya presidents wanao safiri sana duniani