Companies & Businesses – Celebrity Net Worth http://celebritynetworth.wiki Richest Celebrities, Biographies & Wiki Tue, 19 Sep 2017 12:12:20 +0000 en-US hourly 1 https://wordpress.org/?v=4.8.1 The World’s Richest Self-Made Women Billionaires http://celebritynetworth.wiki/the-worlds-richest-self-made-women-billionaires/ Sat, 02 Sep 2017 16:52:37 +0000 http://celebritynetworth.wiki/?p=180601 Contrary to popular belief, around three-quarters of today’s billionaires are actually self-made, and the percentage is growing, a complete reversal of the situation 50 years ago when statistics were first gathered, and proof if any were needed that hard work outweighs inherited wealth everytime. To put it another way, to maintain your net worth, you …

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Contrary to popular belief, around three-quarters of today’s billionaires are actually self-made, and the percentage is growing, a complete reversal of the situation 50 years ago when statistics were first gathered, and proof if any were needed that hard work outweighs inherited wealth everytime. To put it another way, to maintain your net worth, you need to move with the times, not just leave your money in the bank, so to speak – interest earns you little at the moment anyway. In fact, the actual number of billionaires who inherited their total wealth fell by 75% in that period – in raw figures, around 75 are no longer billionaires.

woman making busines

However, perhaps unsurprisingly given that, until relatively recently, ‘the woman’s place was in the home’ even in western societies, the number of self-made women billionaires barely reaches double figures, and the richest doesn’t rank in the top 300. Surprisingly though, given cultural perceptions prevalent around the world, four of the top ten self-made women billionaires are Chinese including the richest, and three are currently resident in China. The rest are American.

The following is a list of the top 10 self-made women billionaires in the world, as of early 2016. Co-founders have not been included unless the company or organisation where they made their start was at zero. This is a snap-shot, as you would be aware that figures can change very rapidly when based on share market valuations.

10. Sara Blakely – $1 billion

Sara Blakely
  • Born: 27 February 1971, Clearwater, Florida, USA
  • Nationality: American
  • Residence: Atlanta, Georgia
  • Start in Business: 2000

With savings earned from previous jobs, Sara founded the hosiery company Spanx in 2000, partly out of personal need, registering patents too. Major stores soon took up her products, an endorsement from Oprah Winfrey helped, and Sara subsequently made her first billion in a little over 10 years. She is now also part owner of the Atlanta Hawks NBA team.

9. Tory Burch – $1.05 billion

Vanity Fair Party - 2013 Tribeca Film Festival
  • Born: 17 June 1966, Valley Forge, Pennsylvania, USA
  • Nationality: American
  • Residence: New York City
  • Start in Business: 2004

Tory worked directly in fashion for such as Polo Ralph Lauren and for the fashion magazine Harpers Bazaar before launching her own designs. Oprah Winfrey was also delighted to endorse her, and she now has 160 Tory Burch stores worldwide, as well as merchandising through over 3,000 department stores. Several fashion awards have also come her way, and Forbes ranks her in the top 100 most powerful women in the world!

8. Sheryl Sandberg – $1.7 billion

Sheryl Sandberg
  • Born: 28 August 1969, Washington DC, USA
  • Nationality: American
  • Residence: Menlo Park, California
  • Start in Business: 1995

Sheryl has been in management in one form or another all her working life, and is now the COO for Facebook which she joined in 2008. She is credited with developing the formal business side of Facebook, which has since seen it become one of the most profitable companies in the world, and herself a genuinely self-made billionaire from her efforts within the company. Her share options as part of salary should see her become very rich indeed within a few years.

7. Meg Whitman – $2.1 billion

Image:Hewlett Packard CEO and President Meg Whitman
  • Born: 4 August 1956, Cold Spring Harbour, New York State, USA
  • Nationality: American
  • Residence: Palo Alto, California
  • Start in Business: 1979

Meg has worked for Proctor and Gamble, Bain & Company and the Walt Disney organisation – becoming vice-president in both – then for Stride Right, before becoming CEO of Florists’ Transworld Delivery. She subsequently joined eBay as CEO, overseeing its rise to power over 10 years. Currently she has been CEO of HP since 2011, apparently not so successfully, but her previous track record has seen her wealth deservedly grow to its present impressive level.

6. Xiu Li Hawken – $2.2 billion

Xiu Li Hawken
  • Born: 1962, Harbin, China
  • Nationality: Chinese
  • Residence: London, England
  • Start in Business: 1991

Xiu Li began as a journalist before moving into finance, she is the majority shareholder in Renhe Commercial Holdings which she joined in 1996, subsequently developing and operating malls across 15 Chinese cities. She has other investments in agriculture in China, but currently lives with her husband in London.

5. Oprah Winfrey – $3 billion

Oprah Winfrey
  • Born: 29 January 1954, Kosciusko, Mississippi, USA
  • Nationality: American
  • Residence: Montecito, California
  • Start in Business: 1971

Always being a good talker, but orator as well, Oprah began her career on TV at the age of 17, and the rest is a history of one of the most successful talk show hosts of all time in the USA. Her own show began airing in 1986, and was ever popular until she retired in 2011. She was a millionaire at 32, and a billionaire at 35, with yearly earnings approaching $300 million, all of which was very rare for an Afro-American woman, which makes her achievements all the more laudable.

4. Zhang Xin – $3.7 billion

Soho China CEO Zhang Xin Interview
  • Born: 24 August 1965, Beijing, China
  • Nationality: Chinese
  • Residence: Beijing, China
  • Start in Business: 1992

Following scraping a living in Hong Kong to save enough for an education in the UK – eventually Master of Economics from Cambridge University – Zhang Xin was hired by Barings in Hong Kong, then by Goldman Sachs in New York, before returning to Beijing and founding SOHO. The company is now the largest developer of office buildings in Shanghai and Beijing, testimony to the clever, hard work of this lady who began with nothing, and now with her husband being described by London’s Times newspaper as ‘.. the most visible and flamboyant tycoons in China’.

3. Wu Yajun – $4.2 billion

Wu Yajun
  • Born: 1964, Chongqing, China
  • Nationality: Chinese
  • Residence: Beijing, China
  • Start in Business: 1984

A foundation in government administration, and cultivating business contacts enabled Wu with her husband to register what became Longfor Properties, in 1995. This investment holding company has interests across the major cities of China, in real estate, property development and management, with market capital approaching $9 billion, and almost 8,000 employees.

2. Elizabeth Holmes – $4.7 billion

Elizabeth Holmes
  • Born: 3 February 1984, Washington DC, USA
  • Nationality: American
  • Residence: Palo Alto, California
  • Start in Business: 2003

Elizabeth’s yearning to ‘…discover something new…’ led her to a research project developing a blood-testing device using only a stick, not a vial of blood. There is still considerable discussion over the validity of the testing procedures, but in the meantime Elizabeth has around 20 US and over 60 non-US patents registered to her name, and her current wealth in early 2016 is estimated at half her company, Theranos’ value of over $9 billion.

1. Yang Huiyan – $5.1 billion

Yang Huiyan
  • Born: 20 July 1981, Guangdong, China
  • Nationality: Chinese
  • Residence: Foshan, China

The richest woman in Asia and youngest female billionaire, a relatively small gift from her father when she turned 25 has seen her invest heavily in real estate, through her majority share in Country Garden Holdings, but recent downturns in the Chinese economy have seen her wealth dwindle in the last few years. However, she is just 34, and informed speculation is that the Chinese economy still has a long way to go in its expansion.

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Endorsements can provide a significant boost to your Net Worth! http://celebritynetworth.wiki/endorsements-can-provide-a-significant-boost-to-your-net-worth/ http://celebritynetworth.wiki/endorsements-can-provide-a-significant-boost-to-your-net-worth/#respond Fri, 01 Sep 2017 12:09:46 +0000 http://celebritynetworth.wiki/?p=178998 Celebrities – particularly those in entertainment, sport and modelling – usually earn salaries that the average person can only dream about, but for many apparently this isn’t enough. To be fair, many are constantly pestered by companies selling all sorts of consumer products, to use their name, voice and/or face in endorsing particularly popular lines …

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Celebrities – particularly those in entertainment, sport and modelling – usually earn salaries that the average person can only dream about, but for many apparently this isn’t enough. To be fair, many are constantly pestered by companies selling all sorts of consumer products, to use their name, voice and/or face in endorsing particularly popular lines on sale, sometimes with rewards in excess of their ‘day job’ salary, sometimes for just one showing, but often stretching for years and even for ‘life’.

Clearly the celebrities are on to a good thing, and judging by results identified in the following selected list of the more notable and interesting endorsement deals of all time, so are the respective companies, but what do you think?

Brad Pitt

Brad Pitt’s deal
How would you like to be paid $4.5 million for appearing in a 60-second TV advert? Well, that was actor Brad Pitt’s deal with Heineken in 2005 – then, the American football Super Bowl is the most watched TV program of the year in the USA, so advertising slots during the show are famously expensive, but very widely viewed, so maybe the expense was worth it. Not content with that little earner, Brad Pitt was also paid $3 million by Cadillac, for advertising their product only in China!

Julia Roberts

Julia Roberts1
A pretty face always attracts attention, so actress Julia Roberts endorsement of cosmetics marketed by Lancome should be a sure-fire winner, although costing the company $50 million over five years beginning in 2010.

Charlize Theron

Charlize Theron's
Likewise, actress Charlize Theron’s association with cosmetics producer Dior, worth $5 million a year to her since 2005, would seem to be an appropriate investment.

Catherine Zeta-Jones

Catherine Zeta Jones
Another actress, Catherine Zeta Jones‘ endorsement of T-Mobile – her smiling face next to the ‘phone – at $20 million over five years from 2002, is difficult not to admire on both sides.

Robert Downey Jr.

Actor Robert Downey Jr.
Actor Robert Downey Jr accepted a deal with HTC in 2013 of $12 million for one year of ads to promote their smart-phones and tablets, which judging by the Taiwanese company’s success was also a shrewd arrangement for both.

50 Cent

50 Cent
The rap music genre has gained a considerable following in recent years, so when 50 Cent – already endorsing Reebok sports shoes – was identified by Glacéau Vitamin Water on an add with their drink, they quickly offered him a contract to develop Formula 50, and including shares in the company. Coca-Cola acquired the company in 2007 for $4.1 billion, of which 50 Cent received $100 million.

Beyonce and Jay-Z

Pepsi2
Another rapper, Jay-Z spread his entrepreneurial wings to include an endorsement deal with Samsung worth $20 million, which together with his singer-wife Beyonce, whose contract with drink manufacturer Pepsi signed in 2012 and is worth $50 million over 10 years, makes the couple very well-off, thank you very much!

Jessica Simpson

Singer Jessica Simpson
Singer Jessica Simpson is also a pretty face which has been put to good use – as the ‘after’ face – by skin care company Proactiv in an endorsement worth $3 million over three years. Maybe not as rewarding as some others, but if both sides to the agreement are satisfied, who’s to say that the arrangement wont be renewed?

Michael Jackson

Michael Jackson with Pepsi
One of the first and relatively most expensive deals was concluded by Michael Jackson with Pepsi in 1984, at $5 million for an indefinite period. However, Pepsi concluded a deal with Jackson’s estate in 2012 to continue using his profile on their drink cans.

Justin Bieber

Justin Bieber
Just 16 at the time, what was it about nail polish that singer Justin Bieber would be interested in? Well maybe $12 million from OPI to advertise One Less Lonely Girl – named after his song – in 2010, a considerable contribution to the net worth of the young star.

Justin Timberlake

Justin Timberlake
McDonalds is one of THE company’s of the world for fast food, but apparently a music video by Justin Timberlake in 2003 for a fee of $6 million promoted Maccas to even greater heights.

George Clooney

George Clooney
George Clooney began promoting coffee maker Nespresso in 2005 for $5 million pa, and is still going strong, and not just in the cup or mug! George is certainly one of the most recognisable big-screen actors in the world these days, but  just switch-on your TV and you’ll see him on that too!

Nicole Kidman

Nicole Kidman 1
Australian actress Nicole Kidman would seem to fit in very well with perfume Chanel No 5 – in 2003 she featured in a film of just three minutes for $12 million which certainly did the product no harm at all, and further advertised the actress’ profile too.

Kim Kardashian

Kim Kardashian-West
It is difficult to know how to classify Kim Kardashian, who seems to be famous for just being famous, but her business acumen can’t be faulted. In 2014 she began sponsoring the Kim Kardashian: Hollywood game with Glu Mobile for 45% of net profits. So far the game is estimated to have earned $85 million in less than two years, which makes her cut …….?

LeBron James

Lebron James1
Sports goods manufacturer Nike is one of the most profitable companies in the world, regardless of goods produced, so clearly their endorsement contracts work extremely well. Sports celebrities are actually also famous for their involvement in endorsements, none more so than Cleveland Cavaliers’ basketball star LeBron James, whose deal with Nike beginning in 2013 is worth $500 million ‘for life’, actually estimated to be $30 million pa.

Michael Jordan

Michael Jordan
Fellow (ex-)basketballer Michael Jordan has been associated with Nike since 1984, for an initial $500,000 plus royalties ad infinitum – the current estimate is that his cut from profits amounts to over $60 million pa, including from his own, separate Air Jordan shoe brand.

Maria Sharapova

Russian Maria Sharapova1
That top tennis player, Russian Maria Sharapova, is also attractive was obviously not lost on Nike, which in 2010 signed her to a $70 million eight-year endorsement contract, working out at a base $8.75 million per year, but she also receives a percentage of sales from her product line.

Dwyane Wade

Dwayne Wade
Another basketballer, Dwyane Wade, was signed by Chinese sports shoe manufacturer Li Ning in 2012 to a $100 million 10-year partnership, as the Miami Heat star is very popular in China. However, a change is marketing strategy and increased competition from Nike and Adidas has seen the company suffer considerable losses in recent years, even in its home country.

George Foreman

George Foreman
Former world heavyweight boxing champion George Foreman has long been the face of the Salton kitchen appliance company, actually since the mid-90s for a 45% cut of the profits. However, in 1999 the brand had become so big that Salton bought Foreman out for $137.5 million, although he still appears in various advertising features to this day.

David Beckham

David Beckham, who Adidas
One of the most marketable sports personalities is now-retired English soccer star David Beckham, who Adidas had the foresight to sign to a $160 million lifetime arrangement in 2003, in a deal that saw him pocket $80 million up front, plus an estimated $20 million pa indefinitely.

So what do you think – are these endorsement arrangements justified from a business point of view, and who really profits the most – the company or the individual? Who else can you think of who may be worth recruiting, and by whom? Do let us know.

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Quality Of Life – Net Worth!? http://celebritynetworth.wiki/quality-of-life-net-worth/ Sat, 26 Aug 2017 15:34:02 +0000 http://celebritynetworth.wiki/?p=180764 So in terms of quality of life, just how rich are you? What is your real net worth, your wealth, and not simply in money? How hard do you have to work to satisfy your need for what you want out of life? Perhaps as important – how many years are you likely to live …

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So in terms of quality of life, just how rich are you? What is your real net worth, your wealth, and not simply in money? How hard do you have to work to satisfy your need for what you want out of life? Perhaps as important – how many years are you likely to live for, to enjoy your hard-earned riches?

Firstly, how is quality of life assessed, and secondly, how many hours a year do you need to work to earn this standard of living? A third – but immeasurable – factor could be priorities in what any person regards as important to his/her quality of life; perhaps you are happy to have little disposable income left after paying essential expenses, if it means working fewer hours but spending more time with family and friends. Or perhaps you are asset rich but time poor? For example, Americans are generally regarded as ‘rich’, but only five countries’ populations work longer hours, and the USA’s standard of living is only in the middle of the table. So maybe you will live a little longer, because you haven’t needed to work too hard.

world action3

Quality of Life Index is estimated by the OECD using a formula which includes purchasing power, health care, climate and safety indexes – the higher the better – and house price to income ratio, consumer price, pollution and traffic commute time indexes, the lower the better, all given weightings according to assumed importance.

Hours worked on average per year is the other side of the coin – a person may well have a relatively high income coupled with low or moderate expenses, but how much time is left for the person to enjoy his or her relative wealth? In the longer term, years of life expectancy depend on many factors, the most influential being diet and availability of medical care, except of course the negative effects of protracted conflict in which the country may be directly involved, perhaps partly borne out by Switzerland topping the list for quality of life – it managed to remain neutral during the two World Wars.

Efficiency would appear to be the key – that is, if the number of hours worked is relatively low, but quality of life is assessed as high, then in these times of increasing ‘free trade’ around the world, the country must be efficient otherwise it could not compete very well, with obvious consequences. This hypothesis may be born out by comparing the figures for Germany and Greece – the Germans would appear to justify their reputation for efficiency, and the Greeks for inefficiency, given that the latter spend 50% more time in working hours but manage to produce a score for quality of life 20% lower than the Germans. Only Mexico and South Korea of OECD countries work longer hours.

Quality Of Life

In the top 10 countries for quality of life, Denmark, The Netherlands and Norway also score well, and further down the table, French workers spend less than 1500 hours at work, so are apparently an example of being satisfied with a slightly lower standard of living. Switzerland would also appear to maintain a reasonable balance between work and play. Japanese live the longest, by some margin even over the Swiss, but are in the bottom half of the table in quality of life and hours worked – their diet is recognised as very healthy, however.

Following is a list of the top 25 countries, for which data is available through the OECD; the first column is a score which identifies the relative quality of life; the second column is the average number of hours worked per year by the population; thirdly, life expectancy should reflect the other two, and although the spread of years is relatively narrow, with just a couple of exceptions, Denmark and Germany surprise a little by their ranking – maybe a little too much beer and a few too many dumplings!? However, the bottom three in each criteria, Belgium, South Korea and Croatia respectively, are all in the bottom six in all criteria.

# Country Score

Average Hours

worked per year

Years of

Life Expectancy

1 Switzerland 208.4                 1576                  82.5
2 Denmark 206.49                 1438                  79.25
3 New Zealand 201.06                 1752                  81.05
4 Germany 199.7                 1363                  80.57
5 Australia 198.79                 1663                  82.15
6 Austria 192.4                 1629                  81.39
7 Netherlands 192.4                 1421                  81.23
8 Norway 188.9                 1408                  81.7
9 Spain 186.41                 1699                  81.98
10 Sweden 185.81                 1607                  81.98
11 Finland 184.01                 1643                  80.77
12 USA 183.96                 1788                  79.68
13 Portugal 181.18                 1852                  79.16
14 UK 180.25                 1669                  80.54
15 Canada 177.23                 1708                  81.76
16 Japan 176.06                 1734                  84.74
17 Slovenia 175.93                 1550                  78.01
18 France 173.56                 1489                  81.75
19 Croatia 172.89                 1665                  80.68
20 Ireland 171.92                 1815                  80.68
21 South Korea 170.29                 2163                  80.04
22 Czech Republic 167.38                 1763                  78.48
23 Israel 166.63                 1867                  82.27
24 Greece 165.33                 2060                  80.43
25 Belgium 162.49                 1576                  80.88

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Heinz-Horst Deichmann Net Worth http://celebritynetworth.wiki/heinz-horst-deichmann-net-worth/ http://celebritynetworth.wiki/heinz-horst-deichmann-net-worth/#respond Thu, 02 Feb 2017 22:21:18 +0000 http://celebritynetworth.wiki/heinz-horst-deichmann-net-worth/ The post Heinz-Horst Deichmann Net Worth appeared first on Celebrity Net Worth.

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ExxonMobil Net Worth http://celebritynetworth.wiki/exxonmobil-net-worth/ http://celebritynetworth.wiki/exxonmobil-net-worth/#respond Tue, 24 Jan 2017 12:04:32 +0000 http://celebritynetworth.wiki/exxon-net-worth/ The largest company in the world by market capital valuation is now ExxonMobil, a gas and oil multi-national conglomerate formed in 1999, with headquarters in Irving, Texas USA, which was actually the brainchild of founder – and a very familiar person in the ranks big business and ‘the richest’ – John D. Rockefeller back in …

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The largest company in the world by market capital valuation is now ExxonMobil, a gas and oil multi-national conglomerate formed in 1999, with headquarters in Irving, Texas USA, which was actually the brainchild of founder – and a very familiar person in the ranks big business and ‘the richest’ – John D. Rockefeller back in the late 1800s, himself being one of the richest people to ever live.

So just what is the net worth of ExxonMobil? Of course the net valuation of the company varies almost daily, according to the stock market prices of gas and oil in particular, but as of early 2017 it stands at $365 billion, although it has been as high as $450 billion, now constantly vying with Apple and more recently Alphabet (Google) as the highest valued company in the world.

ExxonMobil Net Worth $365 Billion

Most importantly, ExxonMobil is ranked by Fortune 500 as the second most profitable world company, regardless of recent volatility in oil prices; its revenue has apparently diminished little, still estimated to be the world’s 8th largest. Probably as equally important, the company’s shares remain sort-after by investors – as a publicly traded company it’s the fifth largest by market capitalization.

How did ExxonMobil grow into such a highly-valued company? The answer lies initially in the discovery, expansion of production, refinement, control of distribution, and sales of oil and its derivatives, beginning in 1870, promoted most energetically by John D. Rockefeller. Originally the company was called the Standard Oil Company of Ohio, soon amalgamating with the New York and New Jersey arms of Standard Oil in 1882 to form Standard Oil Trust. However, the Sherman Anti-Trust Law of 1892 decreed that the company had to be broken-up – it was too successful, too powerful in the oil industry, which presumably meant little competition at the points of sale.

The anti-trust process actually took nearly 20 years; one of the resulting 34 individual companies became Socony – an acronym for Standard Oil Company of New York – which subsequently became Mobil, and another became Jersey Standard, later Exxon, the two much later amalgamating into the conglomerate we know today. (‘The more things change, the more they stay the same!?’)

However, even then, not to be ‘outlawed’ or sidelined, several of the companies went about expanding by acquiring assets internationally, thus extending their overall influence on the market – the US legal authorities had little influence over companies domiciled outside their jurisdiction, even though controlled from within the US. Asia, including China, was incorporated into the New York company, and Canada into New Jersey; other companies established in the UK, Germany, The Netherlands, Italy and Belgium were also under the auspices of ‘Standard Oil’, so that by the early 1900s, Standard Oil was collectively stronger than ever.

Jersey Standard moved into South America, in Colombia in the form of Tropical Oil Company in 1920, and in Venezuela of Standard Oil Company (1921), and Creole Petroleum Company (1928). Oil was also found, and subsequently exploited and refined, in Indonesia, and in conjunction with Vacuum Oil Company – an early industry leader – effectively controlled the oil industry from East Africa to the south Pacific area.

Socony concentrated more on domestic production, including transportation by pipeline through the acquisition of Magnolia, very significant given the rising importance of the vehicle industry, but also ventured into Iraq through an association with the Turkish Petroleum Company in the late 1920s. By the late ‘40s, an interest had been acquired in Saudi Arabia – an area with the world’s largest known oil reserves – through Aramco (Arab-American Oil Company).

As can easily be seen, the various elements of what became ExxonMobil were way ahead of the field in the oil industry, especially at a time when usages of oil and refined products were approaching a peak.

Several name changes and amalgamations occurred during the ‘50s and ‘60s, and acquisitions continued into further primary sources, including of coal and the refining of this mineral into various products. Libya became another important oil source, but concurrently Socony and Jersey both branched out into solar and nuclear power, the former briefly as its usefulness was seen as too long-term to be profitable, and mining and processing of uranium ore began in the early ‘70s.

ALSO In the early ‘70s, oil shale deposits were also acquired and developed, including in Australia, obviously with an eye to the long-term future. This was also the time when Exxon was adopted as the company’s over-riding name, and became very visible at points of sale. Consolidation was the order of the day, but Mobil European Gas was established too, followed by amalgamation with British Petroleum (BP), so becoming one of the big players in Europe for oil and natural gas.

Finally, in 1999 both the European Commission and US Federal Trade Commission approved the merger of Exxon – at that time the largest energy company in the world – and Mobil, the second biggest gas and oil company in the US. One may well wonder what happened to the anti-trust laws implemented a century earlier? Well, Mobil had to divest itself of BP, its share of the German Aral company, and MEGAS. In the US, almost 2500 gas stations had to be sold, as well as refineries in California, New England and Washington D.C., plus Mobil’s interest in the Trans-Alaska Pipeline among other lesser assets.

However, ExxonMobil certainly did not stagnate, and more recent operations have seen sales to franchisees of gas stations in the US, cessation of coal-mining, but still further oil exploration in Central Asia – apparently linked with the interest of CEO Rex Tillerson, now nominated as US Secretary of State – plus an arrangement he allegedly concluded with the Russian company Rosneft, but stymied somewhat by sanctions imposed on Russia following its invasion of Ukraine. Interests in the Middle East (Sudan, Syria, Iran) have also continued to develop – not, supposedly, in contravention of various sanctions imposed.

Clearly there is power in strength, both commercially and politically, and ExxonMobil is one of the prime examples – to coin a phrase, the company is ‘too big to fall/fail’; that has been quoted before, but not always accurately.

Significantly, there have been many accidents particularly involving oil spillage, eg the oil tanker Exxon Valdez running aground in Alaska in 1989, which eventually cost the company $500 million in damages, apart from the cost of the clean-up; but the penalties of such incidents the company is easily financial enough to withstand. Most such cases have occurred within the USA.

Regardless, ExxonMobil remains a giant in the power production industry, if perhaps waning a little as reliance on oil and its derivatives diminishes somewhat around the developed world at least. However, given the company’s wider interests aside from oil, there is every possibility that its financial strength may well see it being a significant player in various other sources of power in the near future.

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Intel Net Worth http://celebritynetworth.wiki/intel-net-worth/ http://celebritynetworth.wiki/intel-net-worth/#respond Tue, 24 Jan 2017 11:57:27 +0000 http://celebritynetworth.wiki/?p=30410 Intel Corporation should be well known to anyone who has access to a computer, as by value it is the world’s biggest manufacturer of microprocessors – the ‘engine’ for many computers – and is the supplier of these and other parts to such companies as Dell, Hewlett Packard and Lenovo (formerly IBM), not to mention …

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Intel Corporation should be well known to anyone who has access to a computer, as by value it is the world’s biggest manufacturer of microprocessors – the ‘engine’ for many computers – and is the supplier of these and other parts to such companies as Dell, Hewlett Packard and Lenovo (formerly IBM), not to mention Apple.

So just what is the net worth of Intel? Authoritative sources estimate that the value of Intel is now over $150 billion, as of early 2017, with almost two-thirds of its current $55 billion total revenue coming from sales of hardware components for use in laptop, notebook and desktop computers.

Intel Net Worth $150 Billion

Intel is a technology company, now multi-national, as it has expanded considerably since its foundation in the now familiarly-named Silicon Valley, California USA in 1968 by Robert Noyce and Gordon Moore. These two were pioneers in the development of semiconductors, and were joined early by engineer and businessman Andrew Grove – an émigré Hungarian – who is widely credited with the business management and subsequent growth of the company until well into the 2000s. (The name ‘Intel’ was formulated from integrated and electronics.)

The company went public within a couple of years, raising an impressive amount at that time of $6.8 million, over $23 per share. For the first decade of its existence, the company concentrated on bipolar 64-bit static random-access memory (SRAM), double the speed of competitors products, then the bipolar 1024-bit read-only memory (ROM), followed by the silicon gate SRAM chip, the 256-bit 1101. Improvements in and expansion of the range of products during the 1970s, plus modernised manufacturing processes meant that Intel’s business grew exponentially during the 1970s, but still concentrating on memory devices. The net worth of the company as well as its profits increased significantly.

Although the microprocessor had been created in the early ‘70s, there was no significant market until a decade later, when PCs became more widely in demand, and in any case when Japanese competition in memory products had also considerably increased. Moore and Noyce decided to concentrate on the further development of a micro-processor, which miniaturized the CPU of a computer, enabling much smaller machines to perform calculations formerly the province of only significantly larger machines.

Supplying major companies such as IBM with microprocessors for PCs, and eventually laptops and tablets, saw a rapid growth in Intel’s business during the 1990s, and then into the new millennium. Of course competition, and consequent legal accusations over intellectual property rights and industrial espionage ensued, plus converse arguments over anti-trust issues, but Intel still managed to stay at the head of the field in the development of micro-processing, and therefore profitability saw the company’s net worth at least maintained.

Intel undoubtedly regained its pre-eminent position in 2006, when its Core microarchitecture was released, to general critical acclamation, as the product was a huge advance in processor performance. This was followed in 2008 by Penryn micro-architecture, and later that year, Nehalem architecture, both positively received and maintaining Intel’s leadership in micro-processing.

However, Intel has also spread its wings somewhat in recent years. Among other acquisitions, it purchased computer security technology company McAfee in 2010, and in the same year Infineon Technologies, integrating Intel’s silicon chips with its wireless modem. In 2011 the specialist network switches company Fulcrum Microsystems was bought, and in 2012, a stake in ASML Holding, to assist Intel in research into wafer technology and extreme ultra-violet lithography. Other acquisitions have included such companies as – or parts of – Indisys, Password Box, Vuzix, Lantiq, and more recently design company Altera for over $16 billion.

From a business perspective, the company still produces three-quarters of its products in the US, but 75% of its revenue come from overseas. Additionally, companies such as Achronix, Microsemi, Tabula, Netronome and Panasonic are utilising leased excess Intel manufacturing capacity for their own products.

Intel’s headquarters are still in California, but its largest facility is in Washington County, Oregon, employing 18,600 workers, the biggest employer in the state and the same in New Mexico. 10,000 are employed in Arizona, and complexes are also located in California, Colorado, Massachusetts, Texas, Washington and Utah. Internationally, Intel facilities are now in 63 countries, including China, India, Russia, Israel, Argentina, Vietnam, Costa Rica, Malaysia and Ireland.

Finally, in what can be seen as a philanthropic effort, Intel is a member of the Alliance for Affordable Internet (A4AI), which also includes Google, Facebook, and Microsoft, the aim of which is to make internet access more affordable worldwide, as currently just 31% of people in developing countries are online –with the aim of reducing costs to under 5% of family income.

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Help In Accumulating Your Net Worth – Advice From The Experts http://celebritynetworth.wiki/help-in-accumulating-your-net-worth-advice-from-the-experts/ http://celebritynetworth.wiki/help-in-accumulating-your-net-worth-advice-from-the-experts/#respond Tue, 03 Jan 2017 01:13:05 +0000 http://celebritynetworth.wiki/?p=179435 These days, anyone can set up a company, work mostly for themselves, and eventually reap the benefits of their labours, assuming, that is, that they don’t make (too many) mistakes along the way. So, a little help along that way can often be welcome and appreciated, whether financial, physical or – perhaps most importantly for …

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These days, anyone can set up a company, work mostly for themselves, and eventually reap the benefits of their labours, assuming, that is, that they don’t make (too many) mistakes along the way. So, a little help along that way can often be welcome and appreciated, whether financial, physical or – perhaps most importantly for the independent-minded prospective business-person – mental.

Advice

Following, in no particular order, are quotes from leaders of business – founders, owners, chairpersons, CEOs – who have either reached a position that you would eventually like to be in, and are often self-made billionaires, if they did not inherit a fortune, but started virtually from scratch and made their ‘pile’ themselves. With grateful thanks and acknowledgements to these wealthy, wise and generous people who have learned well, collectively over many years, often through their mistakes. Please read and learn well!

Richard Branson (Founder and Chairman, Virgin Group)

Richard Branson

“Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen.” — “The Virgin Way: Everything I Know About Leadership,” 2014.

Ginni Rometty (Chairwoman, President and CEO, IBM)

IBM Names Rometty to Succeed Palmisano as First Female CEO

“Growth and comfort never coexist.” — Northwestern University commencement address, 2015

Evan Spiegel, (CEO, Snapchat)

TechCrunch Disrupt SF 2013 - Day 1

“You are going to make a lot of mistakes. I’ve already made a ton of them – some of them very publicly – and it will feel terrible, but it will be okay.” — Commencement address to the University of Southern California’s Marshall School of Business, 2015

Jack Ma (Founder and Executive Chairman, Alibaba Group)

Tsinghua Innovation Forum In Beijing...BEIJING, CHINA - APRIL 19

“Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.” — Interview with Rebecca Fannin, 2006.

Steve Case (Co-founder, AOL)

Steve Case

“A vision without the ability to execute is probably a hallucination.” — Business Week, 2001.

Tim Cook (CEO, Apple Inc.)

Tim Cook

“Your values matter. They are your North Star, and work takes on new meaning when you feel you are pointed in the right direction. Otherwise, it’s just a job, and life is too short for that.” — George Washington University commencement address, 2015.

Elon Musk (CEO and CTO of SpaceX and CEO of Tesla Motors)

TESLA MOTORS CEO ELON MUSK TALKS AT THE AUTOMOTIVE WORLD NEWS CONGRESS AT THE RENAISSANCE CENTER IN DETROIT

“I’d rather play video games, write software, and read books than try and get an A if there’s no point in getting an A.” — “Elon Musk: Inventing the Future” by Ashlee Vance, 2015

Jason Kilar (Founding CEO, Hulu)

Jason Kilar (Founding CEO, Hulu)

“The mountain peaks of one’s life may get the headlines and the Facebook posts, but the valleys… believe me, it is your journey through the valleys that will define you.” — University of North Carolina commencement address, 2015

Warren Buffett (CEO, Berkshire Hathaway)

AP BUYING LIKE BUFFETT F A USA NE

“Someone is sitting in the shade today because someone planted a tree a long time ago.”

“I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful, and you try to be fearful when others are greedy.” — “Of Permanent Value: The Story of Warren Buffett” by Andrew Kilpatrick, 2007.

Bill Gates (Co-founder, Microsoft)

Bill Gates

“Success is a lousy teacher. It seduces smart people into thinking they can’t lose.” — “The Road Ahead,” 1995.

Sheryl Sandberg (CEO, Facebook)

Sheryl Sandberg

“Trying to do it all and expecting that it all can be done exactly right is a recipe for disappointment. Perfection is the enemy.” — “Lean In,” 2013.

Mark Zuckerberg (Co-founder, Facebook)

Mark Zuckerberg

“I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress.” — “Mark Zuckerberg: Ten Lessons in Leadership,” 2012.

Howard Schultz (CEO of Starbucks)

Howard Schultz

“Risk more than others think is safe. Dream more than others think is practical.” — “Onward: How Starbucks Fought for Its Life without Losing Its Soul,” 2007.

Arianna Huffington (Co-founder and editor-in-chief, The Huffington Post)

Arianna Huffington

“We think, mistakenly, that success is the result of the amount of time we put in at work, instead of the quality of time we put in.” — “Thrive: The Third Metric to Redefining Success and Creating a Life of Well-Being, Wisdom, and Wonder,” 2014.

Larry Page (Co-founder, Google)

Fortune Global Forum

“You don’t need to have a 100-person company to develop that idea.” — Interview with Business Week Online Technology, 2001.

Narayana Murthy (Co-founder, Infosys)

INDIA-OUTSOURCING-MANAGEMENT-MURTHY-COMPUTERS

“Respect, recognition, and reward flow out of performance.” — Entrepreneur of the New Millennium N.R. Narayana Murthy: Life and Times of N.R. Narayana Murthy, 2003.

Henry Ford (Founder, The Ford Motor Company)

Henry Ford

“A business that makes nothing but money is a poor business.” — Quoted in News Journal, 1965.

Steve Jobs (Co-founder, Apple)

Steve Jobs, Apple's chief executive officer, speaks at the compa

“Your time is limited, so don’t waste it living someone else’s life.” Stanford Commencement address, 2005.

Nelson Mandela (Activist, Politician, President of South Africa, Humanitarian)

African National Congress vice-president Mandela addresses a capacity crowd

“Money won’t create success, the freedom to make it will.”

Barack Obama (Politician, US President)

Barack Obama

“Focusing your life solely on making a buck shows a poverty of ambition. It asks too little of yourself, and it will leave you unfulfilled.”

Unatributed

‘On your death-bed, your life is supposed to pass before your eyes – if  that’s right, make sure that it’s worth watching!”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Net Worth Of The World’s Richest Families http://celebritynetworth.wiki/worlds-richest-families/ http://celebritynetworth.wiki/worlds-richest-families/#respond Tue, 03 Jan 2017 01:09:24 +0000 http://celebritynetworth.wiki/?p=180773 The richest individuals around the world are constantly in the headlines, partly out of fascination for just how much they are worth – amounts unimaginable to the average person, regardless that 80% of ‘the richest’ are actually self-made billionaires. However, during this period of stock markets’ volatility in early 2016, they are just as newsworthy …

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The richest individuals around the world are constantly in the headlines, partly out of fascination for just how much they are worth – amounts unimaginable to the average person, regardless that 80% of ‘the richest’ are actually self-made billionaires. However, during this period of stock markets’ volatility in early 2016, they are just as newsworthy for how much they can lose, or gain, in one day, which can markedly effect their ranking on the ‘richest list’.

Not so well-known are families with accumulated net worth which puts them close to the aforementioned richest individuals, perhaps unsurprisingly if there are three, four or five relatively ‘super-rich’ relatives who pool their energies, business interests and their net worth. Many are indeed consistently linked in a family business or conglomerate, as can be seen in this list which authoritative sources estimate comprise the richest in the world, share markets allowing! Very few are built on ‘new’ money, but mostly the result of steady growth over, in some cases, hundreds of years.

10. Cox family Net worth: $34.5 billion

coxss family
From: USA

James M. Cox was firstly a social reforming politician, being twice elected Governor of Ohio, but also built a considerable business empire in the media and communications industries beginning before the turn of the 20th century, so now well over100 years old. Now under the control of James’ daughter Anne Cox Chambers and his grandchildren James Cox Kennedy – current chair of Cox Enterprises – and Blair Parry-Okeden who are all heirs to a considerable fortune, the company is now expanding its interests into the automotive industry.

9. Bernard Arnault & family Net worth: $37.7 billion

Bernard Arnault33
From: France

World renowned names Moet Hennessy and Louis Vuitton (LVMH) are just two of the business interests of the Arnault family, which also has interests in retail, yachts and web companies as well as in Christian Dior, a prominent fashion brand. CEO and chairman is still Bernard, but Executive VP at LVMH is daughter Delphine, and CEO of Berluti, a subsidiary of LMVH, is his son Antoine. The company made initial inroads into business through real estate, but smart investing saw it reach its current prominent position in several industries.

Bernard Arnault Net Worth

8. Liliane Bettencourt & family Net worth: $42.7 billion

Liliane Bettencourt333
From: France

The French are certainly still one of the fore-runners in the world of cosmetics and perfumes, as proven by their leading lengevity in the industry. The world-dominating cosmetic company L’Oreal is now run by Liliane Bettencourt’s daughter Francoise and grandson Jean-Victor Meyers, but she is still the richest woman in the world and principal shareholder of the company her father Eugene founded in 1907. She only retired from active involvement in 2011, aged 89.

7. Cargill-MacMillan family Net worth: $45 billion

Cargill-MacMillan family13
From: USA

Cargil Inc. outranks Koch enterprises in being the largest private company in the USA, with and 88% of it still owned by family members, in fact currently boasting 14 billionaires. William Wallace Cargill founded the company based on grain storage in 1865, which was split among his four children when he died in 1909. The company’s interests now include trading commodities as well as food products. In-laws the MacMillans are billionaires, the total wealth of the expanded family being an estimate because of the privacy attendant to the conglomerate.

6. Carlos Slim Helú & family Net worth $77.1 billion

Carlos Slim Helú & family33
From: Mexico

Son Carlos is now the chairman of Grupo Carso, and with three siblings is ready to take over completely the conglomerate built-up by the second richest person in the world. The ‘Warren Buffett of Mexico’, Carlos Slim Helú is so important to Mexico – accounting for 40% of the listings on the Mexican stock exchange – made from scratch largely from his development of telecoms, that there is a strong chance of the Mexican economy collapsing if the stock exchange took a real dive.

Carlos Slim Helu Net Worth

5. Mars family Net worth: $80 billion

The Mars Family51
From: USA

Mars Bars and M & Ms were developed more than 80 years ago, and are still going strong. Franklin Mars obviously knew his candy, and the money to be made out of it. As with other rich families, the family and the business are still private. Franklin founded the business in 1911, and son Forrest Sr. joined the company in 1929; children, Forrest Jr., Jacqueline and John continue to own the whole of Mars Inc., which now also makes pet foods as well as pasta sauces, and which means that they are now worth almost $30 billion each.

4. Koch family Net worth: $89 billion

multinational corporation22
From: USA

In the country with the world’s largest GDP, Koch Industries is now the second-largest privately-held company in the USA. Charles and David Koch had the nous to buy-out their two other brothers in the early 1980s, and now control the oil and refining company founded by their father Fred C. Koch in 1940. Subsidiary interests in finance, manufacturing, trading and real estate have ensured the continued growth of this multinational corporation, with the brothers net worth now approaching $50 billion each.

3. Walton family Net worth: $152 billion

walton family3
From: USA

Jim, Rob, and Alice are direct heirs of Sam and James Walton, who had the foresight to establish Walmart in the southern USA in 1962. Christy is the widow of his son John who died in a ‘plane crash in 2005, and with her children the six Waltons control 54% of the shares of the world’s largest retailer. The company’s revenue regularly hits $500 billion, through 11,500 stores in 28 countries, so the present owners sum value is usually over $160 billion – share market machinations permitting!

2. The House of Saud Net worth: $1.4 trillion

The House of Saud Net worth1
From: Saudi Arabia

The al-Saud family have been in control of at least part of the Arabian peninsular since the early 1700s, and like the Rothschilds, their wealth is now distributed through so many family members that the total can only be estimated. Saudi Arabia is now run as an absolute monarchy, effectively established under the patronage of the British following the break-up of the Ottoman empire after World War One. Of course their main source of wealth is oil, the price of which has a very significant effect on the al-Saud family wealth, and the budget of the country! Salman bin Abdulaziz al Saud has been king since early 2015.

1. Rothschild family $350 billion – $700 trillion

Rothschild family2
From: Germany (originally)

The name itself is fascinating, but more so because the family is now so widespread, with all their wealth effectively ‘private’, so the total of their net worth is always open to conjecture. However, since Mayer Amschel Rothschild established his banking company in Frankfurt, now Germany, in the 1700s, and distributed his five sons to the five centres of European finance, the family has had a finger in virtually every pie – business, industry, enterprise, exploration, war – over the last 250 years. Their influence has been such that descendents have been elevated to royal rank in countries such as Austria and the UK. The family fortune is therefore only an estimate, but even at the lower end it is still extremely impressive!

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The World’s Richest Self-Made Billionaires http://celebritynetworth.wiki/the-worlds-richest-self-made-billionaires/ http://celebritynetworth.wiki/the-worlds-richest-self-made-billionaires/#respond Tue, 03 Jan 2017 01:08:11 +0000 http://celebritynetworth.wiki/?p=180660 You will most probably be aware of who are – officially – the richest people in the world. However, you may not be aware that the majority of billionaires, over 1200 of the currently estimated 1500-plus billionaires around the world – in fact down from over 1800 in early 2015 because of falls in the …

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You will most probably be aware of who are – officially – the richest people in the world. However, you may not be aware that the majority of billionaires, over 1200 of the currently estimated 1500-plus billionaires around the world – in fact down from over 1800 in early 2015 because of falls in the stock market and the price of oil – are actually self-made; they did not begin their net worth-building with the benefit of a sizeable inheritance, or any other lump sum of money that gave them a head start in whatever business they were subsequently successful. Indeed, several started their climb up the financially profitable ladder with absolutely nothing, and from a very early age!

History is full of people who were self-made, becoming rich by fair means or foul – in many cases the latter – but the assumption today is that people with, to most of us, such a huge sum of money must have had a leg-up somehow; not so – research and development of, and demand for technological accessories is one big reason, world wide, so IT features prominently in the list. Since around 80% of billionaires are actually self-made, what are the rest of us waiting for!?

The following list comprises the richest in the self-made club, a snap-shot as of early 2016, acknowledging that the day-to-day volatility of share markets can have a significant effect on total wealth and therefore ranking; eg Mark Zuckerberg apparently gained over $6 billion on 27 January alone, while Carlos Slim went the other way! Perhaps unsurprisingly, 12 who make the list are either American-born or now American citizens, and no women make the top 20!

20. Phil Knight: $22 billion

Phil Knight1

  • Born: 28 February 1938, Portland, Oregon, USA
  • Nationality: American
  • Residence: La Quinta, California
  • Start in Business: 1962

Quickly switching from marketing Tiger sports-shoes to founding Nike in 1964, Phil ‘retired’ as CEO in 2006 to become Chairman until 2015 of one of the most profitable companies in the world. However, concurrently he became immersed in Laika (previously Vinto Studios), firstly as an investor and then CEO and Chairman, turning it into a successful film-making company today.

19. Steve Ballmer: $22.5 billion

Steve Ballmer

  • Born: 24 March 1956, Detroit, Michigan USA
  • Nationality: American
  • Residence: Washington State
  • Start in Business: 1978

To identify the source of Steve’s wealth, one only has to say that Steve was the very successful CEO of Microsoft from 2000-14, and remains the largest shareholder. However, he is still improving his net worth as the owner of the Los Angeles Clippers NBA team, which also enables him to indulge in his keen interest.

18. Carl Ichan: $23 billion

Carl Ichan1

  • Born: 16 February 1936, Queens, New York City, USA
  • Nationality: American
  • Residence: New York City
  • Start in Business: 1961

Carl began work as a ground-floor stockbroker, formed securities firm Icahn & Co in 1968, and subsequently Icahn Enterprises in 1987. He controls significant investments across many industries, including in Apple the value of which rose $8 billion in one day just from an Icahn comment! Other interests include PayPal, Xerox, and holding company Gannett. However, resource price declines saw Icahn’s wealth slip somewhat in 2015.

17. Leonardo Del Vecchio: $23.5 billion

Leonardo Del Vecchio

  • Born: 22 May 1935, Milan, Italy
  • Nationality: Italian
  • Residence: Milan, Italy
  • Start in Business: 1961

Versace, Burberry, Prada, Ray-Ban, Oakley and Sunglass Hut are just a few of the brands owned by Leonardo through Luxottica, founded in 1961 and which has become the world’s biggest eye-wear retailer, and of which he is still chairman. Considering that he was effectively orphaned, and began work at the bottom as a tool-making apprentice, Del Vecchio is an outstanding example of the self-made billionaire.

16. George Soros: $25 billion

Rebuilding Economics: George Soros

  • Born: 12 August 1930, Budapest, Hungary
  • Nationality: dual Hungarian-American
  • Residence: Bedford, New York State
  • Start in Business: 1954

A (Jewish) refugee with virtually nothing after the Battle of Budapest in 1945; graduating with a PhD from the London School of Economics – the leading ‘producer’ of billionaires in the UK – while working at any jobs he could get; securing a position in the London finance industry; moving to the USA in 1956; subsequently founding Soros Fund Management in 1970; becoming a billionaire by 1980; a real ‘rags-to-riches’ story. Along with Warren Buffett, he is recognised as an extremely knowledgeable investor, even ‘breaking the Bank of England’ through currency speculation in 1992.

15. Sheldon Adelson: $26 billion

Sheldon Adelson

  • Born: 4 August 1933, Dorchester, Massachusetts, USA
  • Nationality: American
  • Residence: Boston, Massachusetts
  • Start in Business: 1979

Sheldon is still the CEO and chairman of his beloved Las Vegas Sands casino, plus owning casinos in Singapore and Macao. Not bad for a youngster who started by borrowing a couple of hundred dollars from an uncle to buy a newspaper round when he was just 12 years old. He moved up to candy-machines when he was 16, and has seldom looked back, although not all of his 50-plus businesses have proved as successful as his current interest.

14. Jack Ma: $27 billion

Jack Ma

  • Born: 10 September 1964, Hangzhou, China
  • Nationality: Chinese
  • Residence: Hong Kong/Hangzhou
  • Start in Business: 1995

Visiting the USA in the mid-90s, Jack Ma was astounded to find virtually no information about China anywhere on the internet. He scraped together $20,000 and began developing web sites for Chinese companies – the beginning of the Alibaba group, and the start of his road to becoming the richest man in China. There are now nine companies under the Alibaba umbrella, which raised $25 billion, the largest amount ever, at its IPO on the New York Stock Exchange in 2014. Jack now serves as the chairman.

14. Jorge Paulo Lemann: $27 billion

Jorge Paulo Lemann

  • Born: 26 August 1938, Rio de Janeiro, Brazil
  • Nationality: dual Swiss-Brazilian
  • Residence: Rapperswil-Jona, Switzerland
  • Start in Business: 1966

Although beginning his working life with Credit-Suisse as a trainee, such companies as Burger King, Anheuser-Busch and Tom Horton’s, as well as a large stake in Kraft-Heinz through 3G Capital are now the bases of Lemann’s wealth. His financial background has helped Jorge survive several reverses in the business and financial world, and maintain his position as the richest (half-) Brazilian.

12. Lee Shau-kee: $28 billion

Lee Shau-Kee, Chairman Of Henderson Land, Speaks At News Conference

  • Born: 29 January 1928, Shunde District, Guangdong, China
  • Nationality: Chinese
  • Residence: Hong Kong
  • Start in Business: 1950s

Lee was wise enough to move to Hong Kong before the communists took over in mainland China, and becoming involved in real estate in a place where land is in short supply was an even smarter move. Today he is chairman and MD of Henderson Land Development Company which he founded in 1973, but also has interests in gas and internet services. Lee is sometimes referred to as “Hong Kong’s Buffett”, a compliment indeed.

11. Sergey Brin: $29 billion

Google co-founder Sergey Brin takes questions from the media following presentations at a media preview of Google's prototype autonomous vehicles in Moutain View, California

  • Born: 21 August 1973, Moscow, Russia
  • Nationality: American
  • Residence: Los Altos, California
  • Start in Business: 1997

A co-founder of Google (now a part of Alphabet) with Larry Page in 1998, Sergey has utilised his computer science degree well to help build the company into the most used search-engine on the internet. Sergey now heads Google X, and his net worth continues to increase, although already having reached a position he is unlikely to have imagined when migrating with his (Jewish) parents from the Soviet Union in 1980, where their personal advancement was stymied under communism.

10. Larry Page: $31 billion

Larry Page1

  • Born: 26 March 1973, East Lancing, Michigan, USA
  • Nationality: American
  • Residence: Palo Alto, California
  • Start in Business: 1997

Moving on from BackRub to co-found Google with Sergey Brin was Larry’s real starting point to financial success, as the change was from university-orientated to offering their product to the world – and what a world it has turned out to be. Larry had some start in that his father was a computer scientist, but was certainly not rich, and Larry became a totally self-made billionaire before the age of 30.

9. Michael Bloomberg: $34 billion

Michael Bloomberg

  • Born: 14 February 1942, Boston, Massachusetts, USA
  • Nationality: American
  • Residence: New York City
  • Start in Business: 1969

From his start in 1967 as a trader with Salomon Brothers to Mayor of New York is not a normal career progression, but Bloomberg first made his wealth through becoming a partner in 1973, and then developing his own market information service via Bloomberg L.P founded in 1981. As with most successful entrepreneurs, Bloomberg spotted a niche which needed to be filled, but then also believed that he could manage a major city, and served three terms as mayor from 2002-2013. He is now back as CEO of his own company.

8. Carlos Slim Helú: $37 billion

Carlos Slim Helú

  • Born: 28 January 1940, Mexico City, Mexico
  • Nationality: Mexican
  • Residence: Mexico City
  • Start in Business: 1962

Carlos has made most of his wealth from developing telecommunications companies in Mexico, particularly in mobile ‘phones, but as befits an engineering graduate, also has other manufacturing interests and a wide variety of companies. His net worth began when he bought bonds at the age of 11, and has been known as a hard-worker and very capable financial manager ever since – “The Buffet of Mexico”.

7. Jeff Bezos: $40 billion

New Washington Post Owner Jeff Bezos Addresses Newsroom

  • Born: 12 January 1964, Albuquerque, New Mexico, USA
  • Nationality: American
  • Residence: Seattle, Washington State
  • Start in Business: 1992

Jeff’s background was in finance and computing, until he put the two together in 1994 to found on-line merchandiser Amazon, identifying an opening concurrent with the rapid growth of internet use. Still no other company approaches Amazon’s volume of business, now world-wide. Jeff is also known as the proprietor of “The Washington Post”, although his interest in editorial comment is apparently minimal.

6. Mark Zuckerberg: $47 billion

Mark Zuckerberg

  • Born: 14 May 1984, White Plains, New York State, USA
  • Nationality: American
  • Residence: Palo Alto, California
  • Start in Business: 2004

The co-founder of Facebook is a voluntary drop-out from Harvard, a university second on the list for billionaire alumni, but seems to have done alright for himself, accumulating his present fortune in just 12 years, and one of the youngest to reach the billionaire mark at 27 – nothing else needs to be said!

5. Ingvar Kamprad: $48 billion

Ingvar Kamprad

  • Born: 30 March 1926, Agunnaryd, Sweden
  • Nationality: Swedish
  • Residence: Smaland, Sweden
  • Start in Business: 1943

Given a small amount of money by his father for doing well at school, Ingvar established IKEA when he was 17, originally sold by mail order and therefore flat-packed, and building it into the largest retailer of furniture in the world, selling over $25 billion in stock in 2015. At current rates, Ingvar became a member of the billionaire’s club by the time he was 30.

4. Larry Ellison: $52 billion

Larry Ellison2

  • Born: 17 August 1944, Manhattan, New York City, USA
  • Nationality: American
  • Residence: Woodside, California
  • Start in Business: 1977

Beginning working life as a programmer, Larry was knowledgeable enough to identify the need for a relational data base management system; Oracle was originally written specifically for the CIA, which with two colleagues was developed and released in 1979. With that significant reference, the company has generally prospered since, except for a difficult period when sales were over-stated, and spread widely into Europe. Ellison was CEO until 2014, when he became chairman and CTO. He also has significant real estate holdings, part of which is an Hawaiian island. Larry was adopted from his single mother, and never graduated from university, as his interest in computing wasn’t catered for – as with others on this list. Lack of a degree doesn’t seem to have been a hindrance!

3. Amancio Ortega: $65 billion

Amancio Ortega

  • Born: 28 March 1936, Leon, Spain
  • Nationality: Spanish
  • Residence: La Coruna, Spain
  • Start in Business: 1972

Zara, a fashion designing and retailing company, was founded by Amancio in 1975 – it’s reputation is that it is all things to all people, a novel idea which has certainly hit the mark ever since, including promoting Ortega to be the richest person in Spain.

2. Warren Buffett: $73 billion

Warren Buffett

  • Born: 30 August 1930, Omaha, Nebraska, USA
  • Nationality: American
  • Residence: Omaha, Nebraska
  • Start in Business: 1970

It’s hard to believe, but “The Sage of Omaha” began trading shares at the age of 11, with money saved from his newspaper round, which he subsequently bought. Now he is accepted as perhaps the most knowledgeable investor in the world, with shares in his Berkshire-Hathaway fund trading at over $200,000 each, by far the highest on the NYSE. Regardless of his current wealth, Warren clearly appreciated the value of money from a very early age, and even now recognises that you still need to work to get it!

1. Bill Gates: $86 billion

Bill Gates

  • Born: 28 October 1955, Seattle, Washington State, USA
  • Nationality: American
  • Residence: Medina, Washington State
  • Start in Business: 1975

Another Harvard drop-out, but an entrepreneurial designer from that time, Bill has been at the head of research and development in IT as the founder of Microsoft, and at its head for more than 40 years. He has been at the top of this list for most years in the last 20, despite now committing most of his, and his wife’s wealth to philanthropic activities.

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Smile on Facebook’s Face http://celebritynetworth.wiki/smile-on-facebooks-face/ http://celebritynetworth.wiki/smile-on-facebooks-face/#respond Tue, 03 Jan 2017 01:02:03 +0000 http://celebritynetworth.wiki/?p=170089 Mark Zuckerberg, the ‘face of Facebook’, must indeed be smiling these days. Not only does the company which he co-founded in 2004 continue to expand it’s clientele, but the value of Facebook and his personal wealth, and therefore his – literally – disposable income, continue to rise. Statistics seldom tell a complete story, but Zuckerberg’s …

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Mark Zuckerberg, the ‘face of Facebook’, must indeed be smiling these days. Not only does the company which he co-founded in 2004 continue to expand it’s clientele, but the value of Facebook and his personal wealth, and therefore his – literally – disposable income, continue to rise.

Statistics seldom tell a complete story, but Zuckerberg’s and Facebook’s figures are genuinely impressive, beginning with Mark dropping out of prestigious Harvard University in 2004 because he was so interested in computing and confident of his project which was to become Facebook, that he didn’t see the need to complete his degree course; disagreements with university administration may have contributed to his decision.

As of late 2015, the social network site Facebook is recording over one billion users a day, and Zuckerberg’s fortune approaches $45 billion, ranking him as the seventh richest person in the world according to the authoritative Forbes magazine, a meteoric career to date for a person still just 31 years old. Significantly, Forbes rates Zuckerberg’s ‘self-made’ score very highly too, as indeed are almost all the top 10 richest in the world.

Of particular significance is that Facebook has been immune to the volatility of stock exchanges in 2015, enabling a steady rise in the value of company assets. Of course this situation has also benefited the majority share holder, Mark Zuckerberg to the extent that while others in the Forbes Top Ten Richest have seen their fortunes eroded somewhat, Mark’s has risen by almost $7 billion in the year.

Interestingly, Mark and wife Priscilla are two of the most generous philanthropists, joining with fellow ‘top tenners’ Bill Gates and Warren Buffett in promising to donate (‘dispose of’) a reputed 50 per cent of their fortune to charitable causes, as evidenced this year alone by a donation of $100 million to the Newark, New Jersey public school system, and $5 million to fund education for struggling immigrants.

Clearly Zuckerberg and Facebook are rather more than just social animals: long may they smile.

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