Thangai Veera Si. Annan
Christy Walton – 10th place
Christy Ruth Walton (born 1955) is the widow of John T. Walton, who was a son of Sam Walton, the founder of Wal-Mart. After John’s death in June 2005, she inherited his fortune of $15.7 billion.
As of 2011, she is the 4th richest person in the United States according to Forbes Magazine and the 10th richest person in the world, as well as the richest woman in the world. As of March 2011, she had an estimated net worth of US$26.5 billion, the bulk of which comes from her shares in Wal-Mart, but also from First Solar, in which her late husband invested. She currently resides in Jackson, Wyoming and has one son, Lukas.
Facesofphilanthropy.com references Conde Nast Portfolio magazine as ranking her the highest female philanthropist, according to the amount she gives as a percentage of her wealth. Between 2002 and 2006, she contributed billions from her then $16.3 billion net worth towards philanthropic efforts.
Non-profit organizations in which Walton is actively serving include the national association of trustees and staff, corporate giving officers, and individual donors – The Philanthropy Roundtable. The San Diego Natural History Museum where she is a board member, as well as the San Diego Zoological Society and the Mingei International Museum are also institutions in which she makes donations towards. In 2006, Walton also donated her own old Victorian home to the International Community Foundation – Center for Cross-Border Philanthropy, which was built in 1896 for former National City postmaster Oliver Noyes and is of historical significance. Since her donation, she has endowed $4 million towards the edifice’s preservation.
Additionally, she supports her family’s own charitable foundation, the Walton Family Charitable Support Foundation, which prioritizes education and benefits colleges such as the University of Arkansas, the College of Business Administration of the University of Arkansas, and several other colleges, community trusts, universities and foundations. In 2007, her family’s foundation donated as much as $1.6 billion.
Mukesh Ambani – 9th place
Mukesh Ambani (born on 19 April 1957) is an Indian business magnate. He is the chairman and managing director of Indian conglomerate Reliance Industries, the largest private sector enterprise in India listed in Fortune 500 magazine. His personal stake in Reliance Industries is 48%. On the 29th of August 2011, Reliance Industries regained its status as the most valued firm in India, after a heady contest with ONGC and Coal India Ltd., both public sector units as well as energy giants.
In 2010, he was named among the most powerful people in the world by Forbes in its list of “68 people who matter most” As of 2011, he is the second richest man in Asia and the ninth richest man in the world with a personal wealth of US$27 billion. In 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalisation of Reliance group companies, briefly making him the world’s richest man.
He is a member of the board of directors of Bank of America Corporation and a present member of the international advisory board of the Council on Foreign Relations.
He joined Reliance Industries in 1981. He initiated Reliance’s backward integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production.
Mukesh Ambani set up one of the largest and most complex information and communications technology initiatives in the world in the form of Reliance Infocomm Limited (now Reliance Communications Limited).
Mukesh Ambani directed and led the creation of the worlds largest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure.
Eike Batista – 8th place
Eike Batista (born November 3, 1956), is a Brazilian entrepreneur and president of the EBX Group , which includes five companies that trade on the BOVESPA’s Novo Mercado, a special segment of the Sao Paulo stock market where enterprises with the highest standards of corporate governance are listed. The EBX companies listed on the BOVESPA are: OGX (oil and gas), MPX (energy), LLX (logistics), MMX (mining) and OSX (offshore services and equipment).
In 2011, Eike Batista was listed by Forbes magazine as the 8th richest person in the world and the richest in South America. His wealth is estimated at US$ 30 billion .Eike Batista was also featured in Bloomberg Markets magazine as the only Brazilian on the list of the 50 most influential people in global finance, published for the first time in September of 2011. The magazine focused on people “whose comments move markets; whose deals set the value of companies or securities; whose ideas and policies shape corporations, governments and economies”.
At the end of 2010, the magazine ranked Batista as the 58th most powerful person in the world, placing him as Brazil’s most powerful person after the current president of Brazil, Dilma Rousseff. The newspaper Folha de S. Paulo describes Batista as an example of a “self-made man”, an entrepreneur with a fortune acquired through his own efforts (and not through inheritance).
The top-ranked Brazilian in March of 2008, on the Forbes magazine list, was Antonio Ermirio de Moraes, in 77th place with a family estate of US$ 10 billion. Another 17 Brazilians were on the list, including Batista (who in 2008 said his goal was to become the richest man in the world in five years). In 2008 Batista’s fortune was estimated at US$ 6.6 billion and he was ranked at the 142nd place on the list of the richest men in the world. In 2009, he moved up to the 61st position and was considered the richest man in Brazil.
According to the Brazilian weekly magazine Epoca, Eike Batista is one of the 100 most influential men in Brazil of 2010. IstoE magazine has also listed Batista as one of the 100 most influential people in 2010. In 2011, Eike Batista was included in the 1,000 CEOs ranking by Dinheiro magazine.
Eike Batista has benefited from three decades of experience in international business and has an ability to “generate wealth from scratch”. Since the 1980s, Batista created and put into operation eight gold mines in Brazil and Canada (Amapari, Casa Berardi, Crixs, Musselwhite, New Britania, Novo Astro, Novo Planeta and Paracatu), a silver mine in Chile (La Coipa), and three iron ore mines in Brazil (Mina 63, Tico-Tico and Ipe).
From 2004 to 2010 Eike Batista created and put into operation five companies: MMX (mining), MPX (energy), OGX (petroleum), LLX (logistics) and OSX (offshore industry).
Amancio Ortega – 7th place
Amancio Ortega (born March 28, 1936) is a Spanish fashion entrepreneur. He is the founder, along with his then-wife Rosalia Mera, and chairman of the Inditex Group. He is ranked by Forbes as Spain’s richest man; Europe’s second richest man; and the seventh richest man in the world in 2011 . He currently lives with his second wife in a discreet apartment building in the centre of A Coruna.
Amancio Ortega arrived at La Coruna, Spain, at the age of 14, due to the job of his father, a railway worker. Starting as a gofer in various shirt stores in La Coruna, Galicia, in 1972 he founded Confecciones Goa (his initials in reverse), which made bathrobes. In 1975 he opened the first store in what would grow into the enormously popular chain of fashion stores called Zara. He owns 59.29% of the Inditex group (Industrias de Diseno Textil Sociedad Anonima) which includes the brands Zara, Massimo Dutti, Oysho, Zara Home, Kiddy’s Class, Tempe, Stradivarius, Pull and Bear/Often and Bershka and has more than 92,000 employees.
Amancio Ortega keeps a very low profile and there are practically no photographs of him (except from one photo published at the Inditex website). He refuses to wear a tie, and likes to dress in blue jeans and T-shirts. He is said to take a very active part in the production and design process in the company.
When he made a public appearance in 2000 – as part of the warm-up prior to floating his company on the stock market in 2001 – it made headlines in the Spanish financial press. However, he has never given an interview, and his secrecy has led to the publication of books such as Amancio Ortega: DE CERO A ZARA (From Zero to Zara).
Amancio Ortega, announced his imminent retirement from the fast-fashion giant Inditex, parent company of the Zara chain, stating that he will ask Inditex vice-president and CEO Pablo Isla to take his place at the helm of the textile empire.
Lakshmi Mittal – 6th place
Lakshmi Mittal (born 15 June 1950) is an Indian steel magnate. He is the chairman and chief executive officer of ArcelorMittal, the worlds largest steelmaking company.
Lakshmi Mittal is the richest man in India, Asia and the United Kingdom, and second in Europe and is presently the sixth richest individual in the world with a personal wealth of US$31.1 billion. He is the 44th “most powerful person” of the 68 individuals named in Forbes’s Most Powerful People list. His daughter Vanisha Mittal’s wedding was the most expensive in the recorded history of the world.
Lakshmi Mittal is an independent director of Goldman Sachs, member of Board of Directors to Goldman Sachs Media/Film IP Group, member of the Board of Directors of European Aeronautic Defence and Space Company, World Steel Association, Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the Investors’ Council to the Cabinet of Ministers of Ukraine, the World Economic Forums International Business Council, the World Steel Association’s Executive Committee, the Presidential International Advisory Board of Mozambique and the International Iron and Steel Institutes Executive Committee.
In 2006, Financial Times named him “Person of the Year”. In 2007, Time magazine included him in their “100 most influential persons in the world”.
Larry Ellison – 5th place
Lawrence Joseph “Larry” Ellison (born August 17, 1944) is the co-founder and chief executive officer of Oracle Corporation, one of the world’s leading enterprise software companies. As of 2011, he is the third wealthiest American citizen, with an estimated worth of $33 billion.
In 2005, Oracle paid Larry Ellison a $975,000 salary, a $6,500,000 bonus, and other compensation of $955,100. In 2007, Larry Ellison earned a total compensation of $61,180,524, which included a base salary of $1,000,000, a cash bonus of $8,369,000, and options granted of $50,087,100. In 2008, he earned a total compensation of $84,598,700, which included a base salary of $1,000,000, a cash bonus of $10,779,000, no stocks granted, and options granted of $71,372,700. In the year ending May 31, 2009 he made $56.8 million.
For a short period in 2000, Larry Ellison was the richest man in the world.
In 2006, Forbes ranked him as the richest Californian.
On July 2, 2009, for the fourth year in a row, Oracle’s Board awarded Larry Ellison another 7 million stock options.
On August 22, 2009, it was reported that Larry Ellison would be paid only $1 for his base salary for the fiscal year of 2010, down from the $1,000,000 he was paid in fiscal 2009.
As of March 10, 2010, Larry Ellison was listed on the Forbes list of billionaires as the sixth richest person in the world.Larry Ellison is the third richest American, with an estimated net worth of US $28 billion.
On July 27, 2010, The Wall Street Journal reported that Larry Ellison was the best-paid executive in the last decade, collecting a total compensation of US $1.84 billion.
Bernard Arnault – 4th place
Bernard Arnault(born 5 March 1949) is a French business magnate who is best known as the chairman and CEO of the French conglomerate LVMH. According to Forbes Magazine, Arnault is the world’s 4th and Europe’s richest person, with a 2011 net worth of US$41 billion.
In 1987, shortly after the creation of LVMH, Mr Arnault exploited a growing conflict between Alain Chevalier, Moet Hennessy’s CEO, and Henri Racamier, president of Louis Vuitton. The new group held property rights to Dior perfumes, which Arnault craved to incorporate into Dior Couture. He created a holding company of which he owned 60% and Guinness, who had a distribution agreement with Moet-Hennessy, owned 40%. Following the October 1987 stock market crash, he capitalized on the lower quoted price and soon owned 43% of LVMH. He then consolidated his position by purging executives from both companies including appointing his father Jean Leon Arnault Chairman of the Supervisory board before officially taking over as Chairman & CEO in 1989.
In 2007, he acquired 10.69% of France’s largest supermarket retailer and the world’s second largest food distributor, Carrefour through his Blue Capital, which is jointly owned by California property firm Colony Capital.
He has since then led the company through an ambitious development plan, turning it into one of the largest luxury groups in the world, alongside Swiss luxury giant Richemont and French based PPR Group.
Among other companies, Arnault also owned the art auction house Phillips de Pury & Company from 1999 to 2003.
Warren Buffett – 3rd place
Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as “legendary investor, Warren Buffett”, he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world’s wealthiest people. He was ranked as the world’s wealthiest person in 2008 and is the third wealthiest person in the world as of 2011.
Buffett is called the “Wizard of Omaha”, “Oracle of Omaha” or the “Sage of Omaha” and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill Gates Foundation. He also serves as a member of the board of trustees at Grinnell College.
In 2008, Buffett became the richest man in the world dethroning Bill Gates, worth $62 billion according to Forbes, and $58 billion according to Yahoo. Bill Gates had been number one on the Forbes list for 13 consecutive years. In 2009, Bill Gates regained number one of the list according to Forbes magazine, with Buffett second. Their values have dropped to $40 billion and $37 billion respectively, Buffett having (according to Forbes) lost $25 billion in 12 months during 2008/2009.
In 2008 he was ranked by Forbes as the richest person in the world with an estimated net worth of approximately US$62 billion. In 2009, after donating billions of dollars to charity, Buffett was ranked as the second richest man in the United States with a net worth of US$37 billion with only Bill Gates ranked higher than Buffett. His net worth is up to $47 billion in the past 12 months.
Numerous books have been written about Warren Buffett and his investment strategies. In October 2008, USA Today reported that there were at least 47 books in print with Buffett’s name in the title. The article quoted the CEO of Borders Books, George Jones, as saying that the only other living persons named in as many book titles were U.S. presidents, major world political figures, and the Dalai Lama. Buffett said that his own personal favorite is a collection of his essays called The Essays of Warren Buffett, which he described as “a coherent rearrangement of ideas from my annual report letters” as edited by Larry Cunningham.
Bill Gates – 2nd place
William Henry “Bill” Gates III (born October 28, 1955) is an American business magnate, investor, philanthropist, and author. Gates is the former CEO and current chairman of Microsoft, the software company he founded with Paul Allen. He is consistently ranked among the world’s wealthiest people and was the wealthiest overall from 1995 to 2009, excluding 2008, when he was ranked third. During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder, with 6.4 percent of the common stock. He has also authored or co-authored several books.
Bill Gates is one of the best-known entrepreneurs of the personal computer revolution.Bill Gates has been criticized for his business tactics, which have been considered anti-competitive, an opinion which has in some cases been upheld by the courts. In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill and Melinda Gates Foundation, established in 2000.
Bill Gates stepped down as chief executive officer of Microsoft in January 2000. He remained as chairman and created the position of chief software architect. In June 2006, Bill Gates announced that he would be transitioning from full-time work at Microsoft to part-time work, and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie, chief software architect, and Craig Mundie, chief research and strategy officer. Gates’ last full-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.
Bill Gates was number one on the Forbes 400 list from 1993 through to 2007 and number one on Forbes list of The World’s Richest People from 1995 to 2007 and 2009. In 1999, Gates’s wealth briefly surpassed $101 billion, causing the media to call him a “centibillionaire”. Since 2000, the nominal value of his Microsoft holdings has declined due to a fall in Microsoft’s stock price after the dot-com bubble burst and the multi-billion dollar donations he has made to his charitable foundations. In a May 2006 interview, Gates commented that he wished that he were not the richest man in the world because he disliked the attention it brought. Gates has several investments outside Microsoft, which in 2006 paid him a salary of $616,667 and $350,000 bonus totalling $966,667. He founded Corbis, a digital imaging company, in 1989. In 2004 he became a director of Berkshire Hathaway, the investment company headed by long-time friend Warren Buffett. In March 2010 Bill Gates was bumped down to the second wealthiest man behind Carlos Slim Helu.
Carlos Slim Helu – 1st place
Carlos Slim Helu (born January 28, 1940) is a Mexican business magnate and philanthropist who as of 2011 is the richest man in the world, for the second year in a row. He is the chairman and chief executive of telecommunications companies Telmex and America Movil and has extensive holdings in other Mexican companies through his conglomerate, Grupo Carso SAB, as well as business interests elsewhere in the world.
America Movil, which in 2010 was Latin America’s largest mobile-phone carrier, accounted for around US$49 billion of Slim’s wealth by the end of 2010. His corporate holdings as of March 2011 have been estimated at US$74 billion.
On March 29, 2007, Slim surpassed Warren Buffett as the world’s second richest person with an estimated net worth of $53.1 billion compared to Buffet’s $52.4 billion.
On August 4, 2007, The Wall Street Journal ran a cover story profiling Slim. The article said, “While the market value of his stake in publicly traded companies could decline at any time, at the moment he is probably wealthier than Bill Gates”. According to The Wall Street Journal, Slim credits part of his ability to “discover investment opportunities” early to the writings of his friend, futurist author Alvin Toffler.
On August 8, 2007, Fortune reported that Slim had overtaken Gates as the world’s richest man. Slim’s estimated fortune soared to $59 billion, based on the value of his public holdings at the end of July. Bill Gates net worth was estimated to be at least $58 billion.
On March 5, 2008, Forbes ranked Slim as the world’s second-richest person, behind Warren Buffett and ahead of Bill Gates.
On March 11, 2009, Forbes ranked Slim as the world’s third-richest person, behind Gates and Buffett and ahead of Larry Ellison.
On March 10, 2010, Forbes once again reported that Slim had overtaken Gates as the world’s richest man, with a net worth of $53.5 billion. Bill Gates and Warren Buffett now have a net worth of $53 billion and $47 billion respectively. He was the first Mexican to top the list. It was the first time in 16 years that the person on top of the list was not from the United States. It was also the first time the person at the top of the list was from an “emerging economy.”
In March 2011, Forbes stated that Slim had maintained his position as the wealthiest person in the world, with his fortune estimated at $74 billion.
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