Richest of the richest: who and where.

Discuss whatever you want here ... movies, books, recipes, politics, beer, wine, TV ... everything except classical music.

Moderators: Lance, Corlyss_D

Post Reply
piston
Posts: 10767
Joined: Thu Jan 04, 2007 7:50 am

Richest of the richest: who and where.

Post by piston » Sun Mar 09, 2008 1:01 am

Russia is currently the country with the most "wealthiest men" on earth, seven of twenty-five. The US has four, along with India. "Forbes Russia" lists some 87 billionaires in Russia.


1 Warren Buffett United States
2 Carlos Slim Helu & family Mexico
3 William Gates III United States
4 Lakshmi Mittal India /United Kingdom
5 Mukesh Ambani India
6 Anil Ambani India
7 Ingvar Kamprad & family Sweden/Switzerland
8 KP Singh India
9 Oleg Deripaska Russia
10 Karl Albrecht Germany
11 Li Ka-shing Hong Kong
12 Sheldon Adelson United States
13 Bernard Arnault France
14 Lawrence Ellison United States
15 Roman Abramovich Russia
16 Theo Albrecht Germany
17 Liliane Bettencourt France
18 Alexei Mordashov Russia
19 Prince Alwaleed Bin Talal Alsaud Saudi Arabia
20 Mikhail Fridman Russia
21 Vladimir Lisin Russia
22 Amancio Ortega Spain
23 Raymond, Thomas & Walter Kwok Hong Kong
24 Mikhail Prokhorov Russia
25 Vladimir Potanin Russia

keaggy220
Posts: 4721
Joined: Mon Dec 05, 2005 8:42 pm
Location: Washington DC Area

Re: Richest of the richest: who and where.

Post by keaggy220 » Sun Mar 09, 2008 7:04 am

You've got to be slightly twisted to be on this list.
piston wrote:Russia is currently the country with the most "wealthiest men" on earth, seven of twenty-five. The US has four, along with India. "Forbes Russia" lists some 87 billionaires in Russia.


1 Warren Buffett United States
2 Carlos Slim Helu & family Mexico
3 William Gates III United States
4 Lakshmi Mittal India /United Kingdom
5 Mukesh Ambani India
6 Anil Ambani India
7 Ingvar Kamprad & family Sweden/Switzerland
8 KP Singh India
9 Oleg Deripaska Russia
10 Karl Albrecht Germany
11 Li Ka-shing Hong Kong
12 Sheldon Adelson United States
13 Bernard Arnault France
14 Lawrence Ellison United States
15 Roman Abramovich Russia
16 Theo Albrecht Germany
17 Liliane Bettencourt France
18 Alexei Mordashov Russia
19 Prince Alwaleed Bin Talal Alsaud Saudi Arabia
20 Mikhail Fridman Russia
21 Vladimir Lisin Russia
22 Amancio Ortega Spain
23 Raymond, Thomas & Walter Kwok Hong Kong
24 Mikhail Prokhorov Russia
25 Vladimir Potanin Russia
"I guess we're all, or most of us, the wards of the nineteenth-century sciences which denied existence of anything it could not reason or explain. The things we couldn't explain went right on but not with our blessing... So many old and lovely things are stored in the world's attic, because we don't want them around us and we don't dare throw them out."
— John Steinbeck, The Winter of Our Discontent


"He has shown you, O mortal, what is good.
And what does the LORD require of you?
To act justly and to love mercy
and to walk humbly with your God."
- Micah 6:8

piston
Posts: 10767
Joined: Thu Jan 04, 2007 7:50 am

Post by piston » Sun Mar 09, 2008 8:43 am

Why, keaggy, it's the Olympics of financial globalization!
From the Moscow Times:
Friday, March 7, 2008. Issue 3857. Page 1.
Record 87 Russians on Forbes Rich List
By Max Delany
Staff Writer
From the titans of industry to the friends of President Vladimir Putin, Russia's richest just had one hell of a year.

Boosted by soaring oil and commodity prices, the ranks of the country's billionaires have swollen to 87, up from 53 a year ago, according to Forbes' new world rich list, released Thursday.

Forbes' richest Russian, Oleg Deripaska, the majority owner of aluminum giant United Company RusAl, stormed up from 40th to 9th on the list with an estimated fortune of $28 billion -- leaving Chelsea football club owner Roman Abramovich, the former No. 1, trailing in his wake.

With 19 of the global top 100, Russia also now boasts more billionaires than any other country apart from the United States. The 87 Russians on the list have a combined wealth of just over $470 billion -- or more than twice the country's GDP when Putin came to power in 2000.

The Russian billionaires are also the youngest from any major economy, with an average age of 46, compared with a global average of 61.

Deripaska broke into the world top 10 for the first time on the strength of his Russian Aluminum merging with two other companies to create the world's top producer of primary aluminum.

With $23.5 billion, Abramovich is ranked 15th worldwide, ahead of Forbes list stalwarts Alexei Mordashov, the head of steelmaker Severstal, and Mikhail Fridman, the oil, telecoms and banking mogul who heads Alfa Group, who also figure in the global top 20.


Although the Russian section of the list is, as usual, top-heavy with people making their money from natural resources, the sources of wealth are becoming more varied, said Luisa Kroll, the Forbes editor responsible for the list.

"The list was really much more diverse than we expected to see," Kroll said. Geographically, however, the country's wealth is concentrated, with Moscow still having more billionaires than any other city in the world.

Among the most profitable sectors were construction and, despite the turmoil on global stock markets, the financial sector.

The most impressive newcomers were Yury Zhukov and Kirill Pisarev, whose developer, PIK Group, floated on the London Stock Exchange last year, giving them both fortunes of $6.1 billion.

Seven of the 25 youngest billionaires this year are Russian -- although none are as young as American Facebook founder Mark Zuckerberg, 23, who has a fortune of $1.5 billion.

"None of the Russians inherited their wealth so it's really interesting to see how much has been created in such a short time," Kroll said.

This year's list also sees two men widely perceived to be in Putin's inner circle make an appearance for the first time.

Dubbed Putin's "cashiers" during the 2004 presidential elections by Boris Berezovsky-backed candidate Ivan Rybkin, oil trader Gennady Timchenko and Bank Rossia co-owner Yury Kovalchuk now have fortunes valued at $2.5 billion and $1.9 billion, respectively.

Timchenko, reported to be a judo partner of Putin's who has Finnish citizenship, heads secretive Swiss-registered oil trader Gunvor, which works with state-controlled firms Rosneft and Gazprom Neft.

Kovalchuk, a St. Petersburg banker, had a dacha neighboring Putin's in a compound near the city in the mid-1990s, along with the future Russian Railways chief Vladimir Yakunin and future Education Minister Andrei Fursenko.

No Kremlin officials figure on the Forbes list, and Putin has dismissed as ridiculous rumors swirling in the Western media that he controls a personal fortune of $40 billion. At his annual news conference last month, Putin said the people behind the rumor had "picked everything out of their noses and smeared it on their little papers."

Kroll said Forbes did not have any hard information about the president's income beyond what had been reported in the press.

"It has been tricky to pin Putin down," she said.

Far away from the center of power, the Forbes list also featured some oligarchs who have fallen foul of the Kremlin. Ahead of Putin's arch-foe Boris Berezovsky, who was valued at $1.3 billion, the richest exile was former Russneft president Mikhail Gutseriyev, with a fortune of $2.6 billion.

As before, only one Russian woman made it onto the list -- construction magnate Yelena Baturina, the wife of Mayor Yury Luzhkov.

In general, Kroll said compiling estimates for Russia's rich was trickier than in the rest of the world.

"It is more difficult and less transparent. They are some of the most difficult and fascinating fortunes to follow," she said. There is inevitably an element of art as well as science in the figures, she said.

Despite a number of the Russians on the list refusing to be interviewed for this article, it seems that some of the people on the list take it very seriously.

"There is a group of two dozen high-profile billionaires -- including one Russian -- who are very active in complaining that we have underestimated the numbers," Kroll said.

In part because of the declining value of the dollar, the overall number of billionaires around the world has risen to a record 1,062.

At the very top of the list, U.S. financier Warren Buffett knocked close friend and Microsoft founder Bill Gates off the top spot. Buffett's wealth grew by over $10 billion to $62 billion.

With a fortune of $58 billion, Gates, who had previously topped the Forbes list 13 years running, slipped to third place behind Mexican telecoms mogul Carlos Slim.

keaggy220
Posts: 4721
Joined: Mon Dec 05, 2005 8:42 pm
Location: Washington DC Area

Post by keaggy220 » Sun Mar 09, 2008 8:56 am

piston wrote:Why, keaggy, it's the Olympics of financial globalization!
I have no problem with globalization, after all, it is inevitable... so it really doesn't matter if I agree with it or not...

My point is that in order to be one of the richest 25 people out of 7 billion people you have to be somewhat obsessed...
"I guess we're all, or most of us, the wards of the nineteenth-century sciences which denied existence of anything it could not reason or explain. The things we couldn't explain went right on but not with our blessing... So many old and lovely things are stored in the world's attic, because we don't want them around us and we don't dare throw them out."
— John Steinbeck, The Winter of Our Discontent


"He has shown you, O mortal, what is good.
And what does the LORD require of you?
To act justly and to love mercy
and to walk humbly with your God."
- Micah 6:8

piston
Posts: 10767
Joined: Thu Jan 04, 2007 7:50 am

Post by piston » Sun Mar 09, 2008 9:18 am

Image

I suspect that there's as many different stories as there are billionnaires. Lilianne Bettencourt, seventeenth on the list, is the daughter of the founder of the L'Oréal cosmetic empire, a man who is known to have had ties with Nazi Germany. It's probably dirty old money but Lilianne has not squandered it. She's just a very wealthy old lady.

piston
Posts: 10767
Joined: Thu Jan 04, 2007 7:50 am

Post by piston » Sun Mar 09, 2008 9:31 am

Ikea furniture giant Ingvar Kamprad:
Peddled matches, fish, pens, Christmas cards and other items by bicycle as a teenager. Started selling furniture in 1947. Now his company Ikea, which sells hip designs for the cost conscious, is one of the most beloved retailers in the world, with an almost cultlike following. Ikea now has stores in 40 countries, from Sunrise, Florida, to Guangzhou in China. As egalitarian as his brand, Kamprad avoids wearing suits, flies economy class and frequents cheap restaurants. Has been quoted as saying that his luxuries are the occasional nice cravat and Swedish fish roe. Says his home is furnished mostly with his own Ikea products. Last May was awarded the Global Economy Prize by the University of Kiel for his contributions to society.

piston
Posts: 10767
Joined: Thu Jan 04, 2007 7:50 am

Post by piston » Sun Mar 09, 2008 9:38 am

California, New York, Texas and Florida have the most billionnaires. Maine is a grey territory along with New Mexico, North Dakota, Alabama ....
Image

piston
Posts: 10767
Joined: Thu Jan 04, 2007 7:50 am

Post by piston » Sun Mar 09, 2008 9:51 am

Li Ka-shing, a high school drop out who ranks eleventh on the billionnaires' list and hold a 12 billion dollar stake in Canada's oil industry!
Once a poor immigrant, Li got his start selling plastic flowers in Hong Kong in the 1950s. Now Hong Kong's richest person. His fortune is centered on conglomerates Cheung Kong and Hutchison Whampoa. Through them, he is the world's largest operator of container terminals, world's largest health and beauty retailer, a major supplier of electricity to Hong Kong and a real estate developer. Hutchison Essar sold its stake in an Indian mobile business for $11 billion in 2007; the group still has other telecom interests. Li also has a $12 billion stake in Canadian oil company Husky Energy. He has announced plans to donate one-third of wealth over time. Eldest son Victor helps him run his massive empire; son Richard struck out on his own in early 1990s and is a billionaire in his own right.

piston
Posts: 10767
Joined: Thu Jan 04, 2007 7:50 am

Post by piston » Sun Mar 09, 2008 9:56 am

Sheldon Adelson, the Las Vegas casino billionnaire. Funny that there's no controversy about gambling in this particular instance!
Cabdriver's son borrowed $200 from uncle to sell newspapers at age 12. Studied voice in teens, later dropped out of City College in New York City to become court reporter. Made first fortune in trade shows. Created computer industry's marquee event, Comdex, mid-1980s; sold show to Japan's Softbank for $862 million 1995. Then Vegas: bought Sands Hotel & Casino for $128 million, demolished it to build the $1.5 billion all-suites Venetian Resort Hotel Casino and the 1.2-million-square-foot Sands Convention Center. Changed the way casinos do business by enticing conventioneers to Sin City midweek, taking emphasis off gambling. Sold suites for $250 a night, added high-end retailers, celebrity-chef restaurants. Took Las Vegas Sands public December 2004. In January opened $1.9 billion Palazzo resort next to nemesis Steve Wynn's Wynn Las Vegas. All in on Asia: opened $265 million Sands Macau Casino May 2004, recouped entire investment in one year. Unveiled $2.4 billion Venetian Macau in August; 10.5-million-square-foot mega-resort features 3,400 slots, 800 tables, 3,000 suites and a convention center. Won coveted Singapore gaming license last year; building $3.6 billion Marina Bay Sands on 51-acre site with a view of city's skyline.

keaggy220
Posts: 4721
Joined: Mon Dec 05, 2005 8:42 pm
Location: Washington DC Area

Post by keaggy220 » Sun Mar 09, 2008 10:20 am

piston wrote:Image

I suspect that there's as many different stories as there are billionnaires. Lilianne Bettencourt, seventeenth on the list, is the daughter of the founder of the L'Oréal cosmetic empire, a man who is known to have had ties with Nazi Germany. It's probably dirty old money but Lilianne has not squandered it. She's just a very wealthy old lady.
Yes, there will always be "old money" on the list so you have to go back a generation or so to track the obsessed...
"I guess we're all, or most of us, the wards of the nineteenth-century sciences which denied existence of anything it could not reason or explain. The things we couldn't explain went right on but not with our blessing... So many old and lovely things are stored in the world's attic, because we don't want them around us and we don't dare throw them out."
— John Steinbeck, The Winter of Our Discontent


"He has shown you, O mortal, what is good.
And what does the LORD require of you?
To act justly and to love mercy
and to walk humbly with your God."
- Micah 6:8

Ralph
Dittersdorf Specialist & CMG NY Host
Posts: 20996
Joined: Fri Mar 25, 2005 6:54 am
Location: Paradise on Earth, New York, NY

Post by Ralph » Sun Mar 09, 2008 10:11 pm

I'm happy to have missed being included on this list. I don't need more people begging for my support.
Image

"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."

Albert Einstein

piston
Posts: 10767
Joined: Thu Jan 04, 2007 7:50 am

Post by piston » Sun Mar 09, 2008 10:18 pm

So, you're the filthy wealthy New Yorker! :wink:

Ralph
Dittersdorf Specialist & CMG NY Host
Posts: 20996
Joined: Fri Mar 25, 2005 6:54 am
Location: Paradise on Earth, New York, NY

Post by Ralph » Sun Mar 09, 2008 11:25 pm

piston wrote:So, you're the filthy wealthy New Yorker! :wink:
*****

Some say yes, some say no.
Image

"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."

Albert Einstein

TopoGigio

Post by TopoGigio » Tue Mar 18, 2008 1:48 pm

Pay for not being included on this list !!! :lol:

Image

Auntie Lynn
Posts: 1123
Joined: Wed May 21, 2003 10:42 pm

Post by Auntie Lynn » Tue Mar 18, 2008 2:09 pm

Entonces, these days there's so many clods and creeps that have beaucoup money and no taste that it all seems rather inconsequential. It's what they do for the arts that counts. Forget suffering humanity. Nobody remembers who drowned in the Ganges two weeks ago. It's the art of a society that is remembered down through the ages...

RebLem
Posts: 8764
Joined: Tue May 17, 2005 1:06 pm
Location: Albuquerque, NM, USA 87112, 2 blocks west of the Breaking Bad carwash.
Contact:

Post by RebLem » Tue Mar 18, 2008 3:09 pm

Ralph wrote:I'm happy to have missed being included on this list. I don't need more people begging for my support.
And besides that, think of all the junk mail from the Emperors Club VIP you'd get and how distressing it would be to have to deal with it. :wink:

But, of course, one of the things you don't get on the list is any mention of the Waltons. But I bet they'd be high on the list if all Sam Walton's heirs were lumped together as one entity.

Also absent are Saudi oil fortunes--no matter how rich you get, spreading your money out among all the children of four wives can sort of dilute things.

Posted on March 18, 2008, the 308th day before the end of the Cheney Administration. RebLem
Don't drink and drive. You might spill it.--J. Eugene Baker, aka my late father
"We're not generating enough angry white guys to stay in business for the long term."--Sen. Lindsey Graham, R-S. Carolina.
"Racism is America's Original Sin."--Francis Cardinal George, former Roman Catholic Archbishop of Chicago.

greymouse
Posts: 205
Joined: Mon Mar 13, 2006 8:42 pm
Location: MI

Post by greymouse » Tue Mar 18, 2008 3:45 pm

Warren Buffett is a genius when it comes to investment matters. He is overflowing with creativity and instructive ideas.

lmpower
Posts: 877
Joined: Wed May 21, 2003 2:18 pm
Location: Twentynine Palms, California

Post by lmpower » Wed Mar 19, 2008 1:16 pm

Wealth can buy freedom and power in addition to a luxurious lifestyle, but it can also be a burden to those in the billionaire class. I really don't envy them.

Ted

Post by Ted » Wed Mar 19, 2008 3:14 pm

My wife who works for and had lunch just yesterday with Warren Buffet was thrilled to hear that 38 cents of every dollar Berkshire Hathaway earns goes to the Gates Foundation--That's corporate America at its very best

lmpower
Posts: 877
Joined: Wed May 21, 2003 2:18 pm
Location: Twentynine Palms, California

Post by lmpower » Wed Mar 19, 2008 9:45 pm

It seems that most of the very wealthy wind up as philanthropists.

Post Reply

Who is online

Users browsing this forum: No registered users and 8 guests