The richest men of the world for 2008…(1st part)
March 6, 2008
By FORBES,
The richest man of the world (according to FORBES)…
Net Worth: $62.0 billion
Fortune: self made
America’s most beloved investor is now the world’s richest man. Soared past friend and bridge partner Bill Gates as shares of Berkshire Hathaway (nyse: BRKA - news - people ) climbed 25% since the middle of last July. Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming $35 deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim’s), utilities (MidAmerican Energy (other-otc: MDPWL.PK - news - people ) , food (Dairy Queen, See’s Candies). Also has noncontrolling stakes in Anheuser-Busch (nyse: BUD - news - people ) Coca-Cola (nyse: KO - news - people ) Wells Fargo (nyse: WFC - news - people ) Insurance operations flourished in 2007. “That party is over. It’s a certainty that insurance-industry profit margins, including ours, will fall significantly in 2008.” The Oracle (nasdaq: ORCL - news - people ) of Omaha issued a challenge to members of The Forbes 400 in October; said he would donate $1 million to charity if the collective group of richest Americans would admit they pay less taxes, as a percentage of income, than their secretaries. Had long promised to give away his fortune posthumously. Irrevocably earmarked the majority of his Berkshire shares to charity in 2006, mostly to the Bill & Melinda Gates Foundation. Gift was valued at $31 billion on day of announcement; donation will far exceed that sum so long as Berkshire shares continue to rise.
Net Worth: $60.0 billion
Fortune: self made
Second-richest man in the world this year; even richer than Microsoft’s Bill Gates, at least for now, thanks to strong Mexican equities market and the performance of his wireless telephone company, America Movil (nyse: AMX - news - people ) The son of a Lebanese immigrant, Slim made his first fortune in 1990 when he bought fixed line operator Telefonos de Mexico (Telmex) in a privatization. In December, America Movil struck a deal with Yahoo (nasdaq: YHOO - news - people ) to provide mobile Web services to 16 countries in Latin America and the Caribbean. A widower and father of six, Slim is a baseball fan and art collector. He keeps his art collection in Mexico City’s Museo Soumaya, which he named after his late wife. In recent years, he has donated close to $7 billion worth of cash and stock to fund education and health projects, and to the revitalization of Mexico City’s downtown historical district.
More on Carlos Slim Helu & family
Net Worth: $58.0 billion
Fortune: self made
Harvard dropout and Microsoft visionary no longer the world’s richest man. Blame Yahoo: Microsoft shares have fallen 15% since the company boldly attempted to merge with the search engine giant to better fight Google (nasdaq: GOOG - news - people ) for Internet dominance. Gates is preparing to give up day-to-day involvement in the company he cofounded 33 years ago to spend more time focused on his philanthropic endeavors. Bill & Melinda Gates Foundation has $38.7 billion in assets, donates to causes aimed at bringing financial tools to the poor, speeding up the development of vaccines (for AIDS, malaria, tuberculosis), bettering America’s lagging high schools. Sells 20 million Microsoft shares every quarter, proceeds going to private investment vehicle Cascade (nyse: CAE - news - people ) more than half of net worth now outside of Microsoft. Company spent $6 billion to land Web ad firm Aquantive last May. Would-be rival to Apple (nasdaq: AAPL - news - people ) s iPod, the Zune, not yet a hit. Believes Microsoft’s far-flung bets, including 10-year affair with Internet-based television, may soon pay off; says next 10 years will be the “most interesting” in software history.
Net Worth: $45.0 billion
Fortune: inherited and growing
Heads world’s largest steelmaker, $105 billion (sales) ArcelorMittal, which accounts for 10% of all crude steel production. Just delivered 580 tons to be used in construction of the World Trade Center memorial in New York. With 44% stake, is the company’s largest shareholder. Longtime resident of London is Europe’s richest resident.
Net Worth: $43.0 billion
Fortune: inherited and growing
Asia’s richest resident heads petrochemicals giant Reliance Industries, India’s most valuable company by market cap. His fortune is up $22.9 billion since last year, making him the world’s second biggest gainer in terms of dollars. The biggest gainer was his estranged brother Anil, who ranks 6th in the world just behind his older brother. The sons inherited their fortune from their late father, renowned industrialist Dhirubhai Ambani. But they couldn’t get along and in 2005 their mother brokered a peace settlement breaking up the family’s assets. Mukesh is using some of his money to build a 27-story home.
Second part is coming soon
More articles..
The best movie soundtracks…(1st part)
The Hottest Billionaire Heiresses….(2nd part)
Top 10 Richest Men Of All Time…(2nd part)
Top 10 Richest Men Of All Time…(1st part)
2008 Oscars Worst Dressed…(2nd part)
Clinton comeback wins key votes…
Porsche set to buy control of VW…
Iranian to pay 124,000-rose dowry…
Hollywood’s Sexiest Celebrities…(Last part)
Greenpeace International…(1st part)
Growing iPod repair business founded by students will move to new digs…
10 Totally Stupid Online Business Ideas That Made Someone Rich…
Eva Longoria for Bebe sports..(1st part)
Entry Filed under: Brands, Business, Business Plans, Business Week, Entrepreneurs, Factories, Finance, Forbes, Ideas, Independent, Investors, Jewellery, Life Style, Mobiles, News, People, Real Estate, Rich and Famous, Salaries, Winners, microsoft, world. Tags: 2008, Anheuser-Busch, Apple Yahoo, bill gates, billion, Carlos Slim Helu, Cascade, Coca-Cola, fobres, Google, Investors, iPodAmerica Movil, Lakshmi Mittal, MidAmerican Energy, money, of the world, Oracle, plans, The richest men, The richest men of the world for 2008, usiness, warren buffett, Wells Fargo, William Gates III, world, zune.
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1.
» The richest men o&hellip | March 6, 2008 at 2:30 pm
[...] sylvain wrote an interesting post today onHere’s a quick excerptBy FORBES, The richest man of the world (according to FORBES)… Net Worth: $62.0 billion Fortune: self made America’s most beloved investor is now the world’s richest man. Soared past friend and bridge partner Bill Gates as shares of Berkshire Hathaway (nyse: BRKA - news - people ) climbed 25% since the middle of last July. Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming $35 deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim’s), utilities (MidAmerican Energy (other-otc: MDPWL.PK - news - people ) , food (Dairy Queen, See’s Candies). Also has noncontrolling stakes in Anheuser-Busch (nyse: BUD - news - people ) Coca-Cola (nyse: KO - news - people ) Wells Fargo (nyse: WFC - news - people ) Insurance operations flourished […] [...]
2.
Iranian to pay 124,000-ro&hellip | March 6, 2008 at 2:46 pm
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3.
Hollywood’s Sexiest&hellip | March 6, 2008 at 2:49 pm
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4.
The Hottest Billionaire H&hellip | March 6, 2008 at 2:50 pm
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6.
» The richest men o&hellip | March 7, 2008 at 12:04 am
[...] richest men of the world for 2008…(1st part) Posted in March 6th, 2008 by in sport car xpigs wrote this today. I think it is worth reading. Here is a little snippet:In December, America Movil [...]
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8.
Unsecured Personal Loan &&hellip | March 8, 2008 at 4:39 am
[...] wemedianHHe keeps his prowess gathering in Mexico City’s Museo Soumaya, which he named after his New wife. In time years, he has donated nearby to $7 1000000000 worth of modify and hit to money state and upbeat projects, and to the revitalization … [...]
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10.
oluwaseun | March 8, 2008 at 6:26 pm
How come Praise Fowowe is not on your list one of Nigeria’s greatest philantrophist. I believe he has more money than some of the people on your list. He should be worth over $20billion
please include him in your list
11.
Fast Cash Personal Loans &hellip | March 8, 2008 at 11:41 pm
[...] anHIn time years, he has donated nearby to $7 1000000000 worth of change and hit to money state and upbeat projects, and to the revitalization of Mexico City’s downtown subject district. politico on Carlos Slim Helu & kinsfolk … [...]
12.
Licence to lie for Italia&hellip | March 8, 2008 at 11:41 pm
[...] The richest men of the world for 2008…(1st part) [...]
13.
xpigs | March 8, 2008 at 11:50 pm
This is only the first part..the poorer person (position 5 ) has $43 billion…second part is coming soon..
14.
Armine | March 9, 2008 at 9:02 am
I am a girl of 25 and I need 3000$ for head operation . One of them can help me or not?
15.
MURPHY’S LAWS OF CO&hellip | March 12, 2008 at 8:10 pm
[...] The richest men of the world for 2008…(1st part) [...]
16.
About Insurance | March 12, 2008 at 10:16 pm
Great Blog… like that it had the pics with the story! Wish I were RICH!
17.
From clown to carpenter t&hellip | March 13, 2008 at 5:19 pm
[...] The richest men of the world for 2008…(1st part) [...]
18.
McCanns welcome papers&hellip | March 19, 2008 at 4:14 pm
[...] The richest men of the world for 2008…(1st part) [...]
19.
Ayorinde | March 19, 2008 at 6:44 pm
pls, i want one them to give money for brother’s brain surgery.
20.
t money | March 26, 2008 at 7:58 am
i will be the world richest in the year 2020
21.
Hassan Salim Nasr | March 26, 2008 at 10:54 am
Carls Slim Hellu, is my role model, am ugandan aged 20 but ibelieve one day iwill be in carls`s position if God wished too.
22.
kenny Aweda | April 3, 2008 at 2:42 pm
please send the names of the richest men
23.
Yusuf Femi | April 5, 2008 at 11:00 am
ideal rules this world. I believe strongly that the great ideas within me will speak out someday soon. But pls, beyong being the richest in the world always know that the Beauty of Life is to make it Beautiful for others to live in.
24.
musoke ronald | April 6, 2008 at 2:52 pm
Its a blessing that you are rich.What should i do to be rich like you because am a poor Ugandan with a diploma in social work and no work at all though with love for any job. Could you please in any way.God bless
25.
Ade ola | April 7, 2008 at 2:07 pm
Shame on Warren buffelt what is he doing to help the poorest man in the world
26.
Estoy Feliz | April 7, 2008 at 9:13 pm
Shame on these lazy bastards asking for money, without trying themselves. Most people on this list are self-made billionaires, they worked their own sweat off to build what they aquired.
27.
JACOB OFORI | April 8, 2008 at 3:39 pm
Ok, i think i am the richest man on earth now but nobody seems to notice this but i am want the whole world to know they are mistaken if they think Bill Gate is the richest man in the World……….. Though i have nothing to show for it now but i know i am the Richest man in the world and the whole world must hear of this
28.
Kelvin KM | April 12, 2008 at 9:39 pm
Don’t insult. They may have tried also and they may be trying! I have tried to do my best except my best is not yet good enough. Worked as a volunteer for UN for a year nd all I could manage was enough for an Airticket from Zambia to USA. Getting married to an American in two weeks. I have no many for a honeymoon. I just wish I had money, or even able to borrow some to make the occasion memorable! but such is life…
29.
daviedaniels | April 12, 2008 at 9:59 pm
i hate people who ask too much from the rich. they also have problems to solve. take a look at bill gates who shifted to position three. lets give them a break ant time to take their breath.
secondly i want to start personal business, so please may i get tips from those rich guys if it is possible.
30.
emeka | April 14, 2008 at 2:05 pm
wat do they gain by being d richest?why not spend humanity by being more of a philanthropist.i really need help for my heart and lungs.pls let one of u respond.Thanks and God bless.
31.
emeka | April 14, 2008 at 2:20 pm
why say shame 2 those who are pleading 4 help.if u think u can why not try helping.lots of people are going through hell just to make ends meet and u sit there and rain abuses on them,well shame on you 2
32.
ahmed shola | April 15, 2008 at 7:23 pm
i really believe one day, i will be on the list of the richest men in the world
33.
George Iroha | April 20, 2008 at 4:44 pm
I believe all wealth made is for a purpose, either to help the poor or to change your society. The richest man on planet earth that has not redefined his purpose on earth is poorer than the poorest man on earth.
34.
Gen. Ndy Dan | April 21, 2008 at 3:39 pm
Bravo to u guys. But be on guard cos i am going to overtake all of you in no time. Also the true networth of a man is his ability to put a smile on the faces of the poor around the world and not just being a billionaire on paper.The world is looking for Billionaires of impact.
35.
olusola samuel | April 29, 2008 at 1:18 am
anytime i read rich guys biographies it always challenge me to move higher in life and i admire their lifestyle.
36.
paul | April 30, 2008 at 11:00 am
i need a copy
37.
Ezugwu Christian | May 1, 2008 at 10:03 pm
I beleive in integrity and uprigthness. Even though, a Nigerian was not included in your list. I have this strong believe that we have people who can be included in the world richest men. Apart from my strong opinion, i’ve great respect for you list. Irrespective of the fact that we’ve some credible rich Nigerians. Scrutinise their source of income before you include them in your list.
Thank you.
38.
uwazuruonye chijoke | May 8, 2008 at 1:52 pm
being a rich man is the personal achievement of abled determined individuals who go beyond all barriers to make their wealth and i will hope my god will make me one
39.
keny | May 9, 2008 at 12:10 pm
THESE MEN ARE THE WORLD’ S RICHEST. ITS GOOD , I BELEIVE IN TIME I WILL BE THE WORLD ‘S RICHEST MAN.
40.
dennis uduogu | May 9, 2008 at 1:53 pm
BRINGING TO YOUR NOTICE
Its nice to bring to your notice that most of us here are still poor.
well,i love seen the rich that always motivatye me to work had,some of us were oportuned to have some inherited wealth while others are still languishing in penury of poverty.its not our falt.
Let the rich spreed the wealth to make the world a better place and a crime free global village for all of us.
Teach me in knowing how to know,and spreed the hand of wealth to us.
This is my wold.
Thanks,
Dennis U.
41.
franklin | May 9, 2008 at 6:20 pm
i pray that god will make me one of the richest men on earth. AMEN
42.
Oladeji Blessing | May 13, 2008 at 11:19 am
What does it profit a man that wins the whole world and loses his Soul. It is not enough to be the world richest but be Born Again and be a part of the eternal life
43.
prempeh | May 17, 2008 at 4:07 pm
I think these rich men should be teaching young people especially those of us in Africa what do to be like them. I think we learn a lot from them.