Thursday, 14 June 2012

86.Robin Li

Robin Li
Net Worth
$10.2 B As of March 2012
At a Glance
  • CEO, Baidu
  • Age: 43
  • Source of Wealth: Technology, Self-made
  • Residence: Beijing, China
  • Country of Citizenship: China
  • Education: Bachelor of Arts / Science, Peking University; Master of Arts, University at Buffalo
  • Marital Status: Married
  • Children: 3
Forbes Lists
Profile:
Mainland China's richest person, Robin Li, is the creator of the most popular search site in the world's most populous country; his search engine, Baidu, has a 78% share in China, helped in part by rival Google's missteps there. He is now gearing up for a mobile push, which currently makes up a small percentage of sales but is growing at a rapid pace. He started out as a staff engineer in Silicon Valley [...] more

Saturday, 9 June 2012

85.Abigail Johnson

Abigail Johnson
Net Worth
$10.3 B As of March 2012
 
At a Glance
  • Age: 50
  • Source of Wealth: Fidelity
  • Residence: Milton, MA
  • Country of Citizenship: United States
  • Education: Master of Business Administration, Harvard University; Bachelor of Arts / Science, Hobart and William Smith
  • Marital Status: Married
  • Children: 2
Profile:
Already one of the highest placed executives at Fidelity Investments, Johnson became even more influential after her father passed her the chairmanship of the firm's flagship mutual fund business in 2011. Founded by her grandfather in 1946, Fidelity is still helmed by her father "Ned," now 81. Fidelity has said there is a succession plan in place, but will not comment beyond that. In 2011 Johnson, [...] more

84.Jack Taylor & family

Jack Taylor & family
Net Worth
$10.4 B As of March 2012
 
Jack Taylor & family
At a Glance
  • Age: 89
  • Source of Wealth: Enterprise Rent-A-Car, Self-made
  • Residence: St. Louis, MO
  • Country of Citizenship: United States
  • Education: Drop Out, Washington University
  • Marital Status: Divorced
  • Children: 2
Forbes Lists
Profile:
As the auto industry improves, so does the rental-car business. Jack Taylor's Enterprise Rent-A-Car has the largest fleet in the country. In 2007 Enterprise acquired Vanguard Automotive (owner of National and Alamo). Tayor is retired but as an advisory director, continues to play a part in strategic decisions. Son Andrew is chief executive, and daughter Jo Ann Taylor Kindle runs the company's Enterprise [...] more

83.Ernesto Bertarelli & family

Ernesto Bertarelli & family
Net Worth
$10.6 B As of March 2012
At a Glance
  • Age: 46
  • Source of Wealth: Biotech, investments
  • Residence: Gstaad, Switzerland
  • Country of Citizenship: Switzerland
  • Education: Bachelor of Arts / Science, Babson College; Master of Business Administration, Harvard University
  • Marital Status: Married
  • Children: 3
Forbes Lists
Profile:
Ernesto Bertarelli inherited biotech firm Serono when his father died in 1998; he ran it with his sister for many years, expanding revenue to $2.4 billion by 2006. The company's blockbuster drug was $1.4 billion (annual sales) multiple sclerosis therapy Rebif. Bertarelli sold Serono to Germany's Merck in 2007 and took home $9 billion with his sister and mother. Bertarelli's Team Alinghi, two-time winner of the America's Cup, lost to rival racing billionaire Larry Ellison in February 2010. Bertarelli is still sailing competitively in the Extreme Sailing Series; and earlier this year he launched a new 92-meter yacht, Vava II, worth over $100 million. The family's Kedge Capital is expanding into asset management with Northill Capital and real estate with Crosstree Capital Partners. Meanwhile an investiment in allergy medication provider Stallergenes via Ares Life Sciences is not faring so well: stock price down 26% over past year. Family supports marine conservation in the Indian Ocean and neuroscience research at Harvard. His wife continues to build her music career, signing with Sony / ATV this year. [...] more

82.James Simons

James Simons
Net Worth
$10.7 B As of March 2012
 
At a Glance
  • Age: 74
  • Source of Wealth: Hedge funds, Self-made
  • Residence: East Setauket, NY
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, Massachusetts Institute of Technology; Doctorate, University of California Berkeley
  • Marital Status: Married
  • Children: 3
Forbes Lists
Profile:
The "Quant King" retired from his $20 billion hedge fund firm, Renaissance Technologies, in 2010, but he continues to play a role at the firm and enjoy the proceeds. The firm's funds earned net returns as high as 33% in 2011. The MIT grad started his career as a theoretical mathematician and was a code breaker for the U.S. Department of Defense during the Vietnam War. He later left to take a job heading [...] more

81.Andrey Melnichenko

Andrey Melnichenko
Net Worth
$10.8 B As of March 2012

Andrey Melnichenko  
At a Glance
  • Age: 40
  • Source of Wealth: Coal, fertilizers, Self-made
  • Residence: Moscow, Russia
  • Country of Citizenship: Russia
  • Education: Bachelor of Arts / Science, Plekhanov Russian Academy
  • Marital Status: Married
Forbes Lists
Profile:
Andrey Melnichenko last year increased his stake of SUEK, Russia's largest independent coal producer, to more than 75%. He's ready to take the coal maker, as well as Eurochem, the country's largest mineral-fertilizer producer, public. However, market conditions won't allow Melnichenko to get a proper valuation for his companies. Melnichenko started out with a chain of currency-exchange booths; he founded [...] more

Friday, 8 June 2012

80.Savitri Jindal & family

Savitri Jindal & family
Net Worth
$10.9 B As of March 2012
 
At a Glance
  • Age: 62
  • Source of Wealth: Steel
  • Residence: Hisar, India
  • Country of Citizenship: India
  • Children: 9
Forbes Lists
Profile:
Savitri Jindal's fortune dropped by nearly one-fifth as key companies within family conglomerate stumbled. JSW Steel, run by son Sajjan, was forced to cut production at its unit in Karnataka, a state in southern India where the Supreme Court banned iron ore mining. Jindal Steel & Power, run by youngest son, Naveen, fell as it got into tangle with the environment ministry. Naveen is a big donor to his [...] more

79.Harold Hamm

Harold Hamm
Net Worth
$11 B As of March 2012
At a Glance
  • Age: 66
  • Source of Wealth: Oil & gas, Self-made
  • Residence: Oklahoma City, OK
  • Country of Citizenship: United States
  • Education: Diploma, High School
  • Marital Status: Married
  • Children: 5
Forbes Lists
Profile:
A pioneer in drilling the Bakken shale of North Dakota, Hamm thinks the project has the potential to yield 24 billion barrels of oil in the decades to come. He believes the region could produce more than 1 million barrels per day within five years. Hamm owns 70% of the publicly traded shares of Oklahoma City-based Continental Resources, the company with the most acreage in the region. In 2011, Continental's [...] more

78.Gerald Cavendish Grosvenor & family

Gerald Cavendish Grosvenor & family
Net Worth
$11 B As of March 2012
At a Glance
  • Age: 60
  • Source of Wealth: Real estate
  • Residence: Chester, United Kingdom
  • Country of Citizenship: United Kingdom
  • Education: Harrow College of Higher Education
  • Marital Status: Married
  • Children: 4
Forbes Lists
Profile:
The sixth Duke of Westminster, Gerald Grosvenor, remains the U.K.'s wealthiest landowner, with his fortune increasing this year along with the property market in London. Via his private Grosvenor Group, the Duke owns real estate on 5 continents. The company, which has $17 billion assets under management, reportedly plans to start buying shares in publicly listed property firms in order to diversify. [...] more

77.Stefan Quandt

Stefan Quandt
Net Worth
$11.2 B As of March 2012
 

Stefan Quandt
At a Glance
  • Age: 46
  • Source of Wealth: BMW
  • Residence: Frankfurt, Germany
  • Country of Citizenship: Germany
  • Education: Associate in Arts / Science, Technical University of Karlsruhe
  • Marital Status: Married
  • Children: 1
Forbes Lists
Profile:
The son of the late Herbert Quandt, Stefan Quandt owns a 17.4% stake in German automaker BMW. Quandt sits on the company's supervisory board along with sister Susanne Klatten, who is also a billionaire. Quandt owns and manages Delton AG a pharmaceutical company with about $2 billion in sales. A trained engineer, he also owns a stake in Data Card, a smart card maker.

76.Aliko Dangote

Aliko Dangote
Net Worth
$11.2 B As of March 2012
At a Glance
  • Age: 55
  • Source of Wealth: Sugar, flour, cement, Self-made
  • Residence: Lagos, Nigeria
  • Country of Citizenship: Nigeria
  • Marital Status: Married
  • Children: 3
Forbes Lists
Profile:
Nigerian commodities titan Aliko Dangote is also Africa's cement king. In February, Dangote announced the opening of a new $1 billion Nigerian cement plant, which is expected to increase his company's production volume by 40% in that country. Dangote Cement's capacity is so great that the company has implored the Nigerian government to increase infrastructure investment in time to absorb what they're [...] more

75.John Fredriksen

John Fredriksen
Net Worth
$11.3 B As of March 2012

John Fredriksen
  • Age: 67
  • Source of Wealth: Shipping, Self-made
  • Residence: London, United Kingdom
  • Country of Citizenship: Cyprus
  • Marital Status: Widowed
  • Children: 2
Forbes Lists
Profile:
A bad year for the shipping industry; so-so for Fredriksen. As seaborne trade has collapsed, so have shipping rates. In December Fredriksen had to backstop Frontline, the world's biggest oil tanker operator. The company has since been split in two, with the new entity Frontline 2012 taking the newest ships and most of the debt. Share prices have plunged for many of Fredriksen's shipping companies, [...] more

74.Leonardo Del Vecchio

Leonardo Del Vecchio
Net Worth
$11.5 B As of March 2012
Leonardo Del Vecchio
 
At a Glance
  • Age: 77
  • Source of Wealth: Eyewear, Self-made
  • Residence: Milan, Italy
  • Country of Citizenship: Italy
  • Education: High School
  • Marital Status: Married
  • Children: 6
Forbes Lists
Profile:
Leonardo Del Vecchio is founder and chairman of Luxottica, the world's largest producer and retailer of sunglasses and prescription glasses. His net worth is up $500 million from March 2011 due to an increase in Luxottica's share price. Luxottica's revenue increased 7% to $8.14 billion in 2011. In February Del Vecchio quit as an independent director of Italy's largest insurance company, Assicurazioni [...] more

73.Leonid Mikhelson

Leonid Mikhelson
Net Worth
$11.9 B As of March 2012
At a Glance
  • Age: 56
  • Source of Wealth: Gas, chemicals, Self-made
  • Residence: Moscow, Russia
  • Country of Citizenship: Russia
  • Education: Bachelor of Arts / Science, Kuybyshev Engineering and Construction Institute
  • Marital Status: Married
  • Children: 1
Forbes Lists
Profile:
Leonid Mikhelson, head of Russia's largest independent gas producer Novatek, bought a 57.5% stake in Sibur Holding petrochemical company from Gazprombank. He and co-founder of energy trader Gunvor Group Gennady Timchenko now own more than 50% of Novatek. In 1987, Mikhelson inherited management of the enterprise, which at the time built pipelines, roads and industrial facilities. He reorganized the [...] more

72.Len Blavatnik

Len Blavatnik
Net Worth
$11.9 B As of March 2012
 
At a Glance
  • Age: 55
  • Source of Wealth: Diversified, Self-made
  • Residence: London, United Kingdom
  • Country of Citizenship: United States
  • Education: Master of Science, Columbia University; Master of Business Administration, Harvard University; Bachelor of Arts / Science, Moscow State University
  • Marital Status: Married
Forbes Lists
Profile:
The Russian-American industrialist had a good 2011, buying Warner Music for $3.3 billion. Though his attempt at a merger with EMI failed, several of his major stakes made strong showings. Chemical maker LyondellBasell delivered results while hulking Russian oil company TNK-BP, a joint venture between BP, Blavatnik and fellow Russian titans Mikhail Fridman and Viktor Vekselberg, continued to generate [...] more

71.Ronald Perelman

Ronald Perelman
Net Worth
$12 B As of March 2012
At a Glance
  • Age: 69
  • Source of Wealth: Leveraged buyouts, Self-made
  • Residence: New York, NY
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, University of Pennsylvania; Master of Business Administration, University of Pennsylvania Wharton School
  • Marital Status: Married
  • Children: 7
Forbes Lists
Profile:
Investor Ron Perelman had a roller coaster year. In January a Manhattan jury sided with his former business associate Donald Drapkin in a suit over $16 million in unpaid compensation. In February the two parties reached an undisclosed settlement. Also in February Perelman and his father, Raymond, organized a bid for the company that owns the Philadelphia Inquirer and Daily News, but the two claim they were shut out of the bidding. One of the bidders is reportedly Jeffrey Perelman; he is estranged from both his brother Ron and his father Raymond. Perelman has an assortment of investments, including cosmetic giant Revlon, production house Deluxe Entertainment, lottery outfit Scientific Games and Humvee maker AM General. In 2010 he got married -- to his fifth wife -- and had a son, his seventh child. [...] more

70.Jorge Paulo Lemann

Jorge Paulo Lemann
Net Worth
$12 B As of March 2012
 
Jorge Paulo Lemann
At a Glance
  • Age: 72
  • Source of Wealth: Beer, Self-made
  • Residence: Sao Paulo, Brazil
  • Country of Citizenship: Brazil
  • Education: Bachelor of Arts / Science, Harvard University
  • Marital Status: Married
  • Children: 5
Forbes Lists
Profile:
Onetime investment banker Jorge Paulo Lemann built a fortune in beer. He and his longtime partners, Marcel Telles and Carlos Alberto Sicupira (also both billionaires) have a controlling stake in Anheuser-Busch InBev. Now the trio is trying to turn around hamburger chain Burger King, which they bought via their investment firm 3G Capital for $4 billion in 2010.

69.Donald Bren

Donald Bren
Net Worth
$12 B As of March 2012 
At a Glance
  • Age: 80
  • Source of Wealth: Real estate, Self-made
  • Residence: Newport Beach, CA
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, University of Washington
  • Marital Status: Married
  • Children: 7
Forbes Lists
Profile:
California real estate developer Donald Bren sits atop a mostly thriving mix of residential and commercial properties as the head of the Irvine Company. Since January 2010, the company's home building unit sold some 1,500 units. It's also building the new headquarters for bond fund manager PIMCO in Newport Beach. The Irvine Co. portfolio includes 480 office properties. It recently bought the Hyatt Center in Chicago from the Pritzker family for a reported $625 million. The company also owns 125 apartment communities with 44,000 units, 41 shopping centers, three hotels, three golf clubs and five marinas. Bren has set aside more than 50,000 acres of the original 93,000-acre Irvine Ranch as permanent open space, including a 20,000-acre gift in June 2010 to Orange County. Bren attended U. of Washington on a skiing scholarship. He joined the Marines, then built his first house with a $10,000 loan in 1958. He planned the 10,000-acre Rancho Mission Viejo in California. With partners, in1977 he bought the 145-year-old real estate master planner and developer Irvine Co. for $337 million and became the firm's sole shareholder in 1996. The company has developed much of central Orange County, Irvine and half of Newport Beach. Bren's philanthropy includes donations to U.C. Irvine and U.C. Santa Barbara as well as to K-12 schools in Irvine. [...] more

Saturday, 2 June 2012

68.Roman Abramovich

Roman Abramovich
Net Worth
$12.1 B As of March 2012
 
At a Glance
  • Age: 45
  • Source of Wealth: Steel, investments, Self-made
  • Residence: Moscow, Russia
  • Country of Citizenship: Russia
  • Education: Bachelor of Arts / Science, Moscow State Law Academy
  • Marital Status: Divorced
  • Children: 6
Forbes Lists
Profile:
Roman Abramovich, the one-time richest man in Russia, is facing a potential net worth loss of $5 billion if former partner Boris Berezovsky prevails in a lawsuit filed with the High Court in London. Abramovich has stakes in steel giant Evraz and mining firm Highland Gold. In 2010, he won a $400 million tender to redevelop St. Petersburg's historical New Holland Island as an arts and culture center. [...] more

67.Antonio Ermirio de Moraes & family

Antonio Ermirio de Moraes & family
Net Worth
$12.2 B As of March 2012
 
At a Glance
  • Age: 83
  • Source of Wealth: Diversified
  • Residence: Sao Paulo, Brazil
  • Country of Citizenship: Brazil
  • Education: Colorado School of Mines
  • Children: 9
Forbes Lists
Profile:
Revered businessman Antonio Ermirio de Moraes is the former chairman of family-owned conglomerate Grupo ­Votorantim, whose ­activities span steel, metals, pulp, ­finance, energy and cement. His net worth has jumped by $6.9 billion since last year due to new information that Antonio and his family own all of Grupo Votorantim, not 25% of it, as previously estimated.

66.Viktor Vekselberg

Viktor Vekselberg
Net Worth
$12.4 B As of March 2012
At a Glance
  • Age: 55
  • Source of Wealth: Oil, metals, Self-made
  • Residence: Moscow, Russia
  • Country of Citizenship: Russia
  • Education: Bachelor of Arts / Science, Moscow State University of Railway Engineering
  • Marital Status: Married
  • Children: 2
Forbes Lists
Profile:
Viktor Vekselberg was tapped by the Russian government to head project Skolkovo, the country's attempt to create a version of Silicon Valley. Its projects attracted $150 million from investors last year. Vekselberg owns a 12.5% stake in oil JV TNK-BP. He plans soon to merge his Integrated Energy Systems with state Gazprom energy holding. He apparently wants to buy Russia's largest airport Domodedovo. Born in the Ukraine, he made his first million selling scrap copper from worn out cables. In the 1990s together with fellow billionaire Len Blavatnik, he bought aluminum smelters, united them in SUAL, which later become a part of UC Rusal, in which he still has a stake. Consummate dealmaker also has interests in chemicals, utilities and telecoms. He owns huge collection of Faberge, including the famous eggs. [...] more

65.Luis Carlos Sarmiento


Luis Carlos Sarmiento
Net Worth
$12.4 B As of March 2012
At a Glance
  • Age: 79
  • Source of Wealth: Banking, Self-made
  • Residence: Bogota, Colombia
  • Country of Citizenship: Colombia
  • Education: Bachelor of Arts / Science, National University of Colombia
  • Marital Status: Married
  • Children: 5
Forbes Lists
Profile:
Luis Carlos Sarmiento, once Colombia's top builder, parlayed his construction fortune into a financial services empire, Grupo Aval Acciones y Valores. Over the years Sarmiento bought up stakes in four Colombian banks, a leasing company and a pension fund. His son, Luis Carlos Sarmiento Gutierrez, is the chief executive officer of Grupo Aval. In 2008, he announced plans to bid for a new Colombian television [...] more

64.Robert Kuok

Robert Kuok
Net Worth
$12.4 B As of March 2012
At a Glance
  • Age: 88
  • Source of Wealth: Diversified, Self-made
  • Residence: Hong Kong, Hong Kong
  • Country of Citizenship: Malaysia
  • Education: Bachelor of Arts / Science, Raffles College
  • Marital Status: Married
  • Children: 8
Forbes Lists
Profile:
Made his money in sugar, palm oil, shipping and property. His Kuok Group boasts a huge network of companies under 3 main holding companies, in Hong Kong, Singapore and Malaysia. Controls the South China Morning Post, once the world's most profitable daily newspaper. Biggest source of wealth is stake in Wilmar, the world's largest listed palm oil company. But the stock was down last year, while his [...] more

63.John Paulson

John Paulson
Net Worth
$12.5 B As of March 2012
At a Glance
  • Age: 56
  • Source of Wealth: Hedge funds, Self-made
  • Residence: New York, NY
  • Country of Citizenship: United States
  • Education: Master of Business Administration, Harvard University; Bachelor of Arts / Science, New York University
  • Marital Status: Married
  • Children: 2
Forbes Lists
Profile:
The hedge fund titan who pulled off the greatest trade ever was humbled in 2011. His flagship Paulson Advantage fund sank 35.91% net of fees. Paulson Advantage Plus was down a whopping 50.67% after fees. The blow was somewhat softer for Paulson personally; he keeps a big chunk of his personal capital invested in Paulson & Co.'s gold-denominated shares. But even though he was hedging his bets, Paulson's net worth took a $3 billion hit in 2011. Paulson got his start at Odyssey Partners and later became a managing director of M&A at Bear Stearns. He founded his hedge fund firm in 1994 and became a billionaire in 2007 by shorting subprime securities, earning a $3.5 billion payout. In 2010, his take-home pay was $4.9 billion, a record for the hedge fund industry. He is donating $15 million to a new maternity hospital in Guayaquil, Ecuador, where his father was born. [...] more

62.Anne Cox Chambers

Anne Cox Chambers
Net Worth
$12.5 B As of March 2012
Anne Cox Chambers

At a Glance
  • Age: 92
  • Source of Wealth: Media
  • Residence: Atlanta, GA
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, Finch College
  • Marital Status: Divorced
  • Children: 3
Forbes Lists
Profile:
At age 92, Chambers still sits on the board of Cox Enterprises, the company her father James M. Cox (d.1957) founded in 1898 after buying the Dayton Evening News for $26,000. Cox Enterprises now includes cable company Cox Communications, the Cox Media Group of newspapers, TV and radio stations, the Manheim automobile auction and AutoTrader.com. Her nephew, Jim Kennedy, is chairman of the company, which [...] more

61.Mohammed Al Amoudi

Mohammed Al Amoudi

Net Worth
$12.5 B As of March 2012

Mohammed Al Amoudi
At a Glance
  • Age: 67
  • Source of Wealth: Oil, diversified, Self-made
  • Residence: Jeddah, Saudi Arabia
  • Country of Citizenship: Saudi Arabia
  • Marital Status: Married
  • Children: 8
Forbes Lists
Profile:
Son of a Saudi father and Ethiopian mother, Mohammed Al Amoudi started investing in Sweden in the 1970s. He made his initial fortune in construction in Saudi Arabia. Al Amoudi recently expanded into agriculture in Ethiopia, where he is growing rice, corn and other staples on thousands of acres for the home market as well as for export to Saudi Arabia; in February, Al Amoudi announced a further $3.4 [...] more