This is deep analysis of the top 10 world’s richest people in 2013 and their business investments. In this list of the top 10 wealthiest people in the globe, I seek to understand the businesses they undertake, their investment philosophies, and what we can emulate from them as small business owners. The top 10 richest people in the world include Carlos Slim Helu, BILL GATES, Warren Edward Buffett, Bernard Arnault, Larry Ellison, Lakshmi Mittal, Amancio Ortega, Eike Batista, Mukesh Ambani, and Christy Walton
Analysis of Top 10 World’s Richest People 2013 & Business Investments
CARLOS SLIM HELU
Carlos Slim Helu is the richest person in the world 2013. Carlos Slim Helu is a Mexican business magnate and philanthropist who has been the world’s richest man as of 2011. He is 73 yrs old having been born on the 28th of January 1940. He is the chief executive and chairman of telecommunications companies America Movil (pan-Latin American wireless company chaired by Carlos and his son, Patrick Slim Domit) and Telmex. He also has widespread property in other Mexican corporations through his company, Grupo Carso SAB, as well as business interests in other places in the world.
In the year 2010, Latin America’s largest mobile-phone carrier was American Movil and it accounted for about US$49 billion of Helu’s wealth by the end of that year. It has been estimated that Slim’s corporate holdings were US$74 billion as of March 2011. In accordance with The Wall Street Journal, Carlos credits part of his ability to "discover investment opportunities" early to the writings of his friend, futurist author Alvin Toffler (world’s richest people). Carols was the first Mexican to be at the top the list. In 16 years it’s the first time that the person on top of the list was not from the United States.
Slim has been able to maintain his position as the richest person in the world for 3yrs in a row now. Carlos Slims’ wife is Soumaya Domit Gemayel and they have been married were married for 32 years from the year 1967-1999. Mrs. Slim (world’s richest people), said to be the love Carlos life, passed away in 1999 as a result of kidney problems. The two had six kids Patrick, Soumaya, Carlos, Vanessa, Marco, Johanna and Antonio. Top 10 World’s Richest People 2013 & Business Investments
William Henry "Bill" Gates III is the second richest person in the world 2013. William Henry "Bill" Gates III is 58yrs old now as he was born on the October 28th 1955. Gates is an American business entrepreneur, philanthropist, author and investor. Gates is the current chairman and former CEO of Microsoft, (a software company that he founded with Paul Allen).
He was the richest man from 1995 to 2009 although in the 2008 he was ranked 3rd richest person in the world. Gates maintains as the largest individual shareholder holding 6.4% of the company’s’ stock. He has also written a couple of books and co-authored others. Bill (world’s richest people) has pursued several philanthropic activities such as donating big money to a variety of scientific research programs as well as charitable organizations through the Bill and Melinda Gates Foundation that was established in 2000.
Bill Gates gave up his position as the chief executive officer of Microsoft on January of the year 2000. Gates however maintained his position as the chairman of Microsoft and he went ahead to create a position of chief software architect. Gates was named Centibillionaire by the media in the year 1999 when his wealth momentarily surpassed $101 billion. In 1989, Gates founded a digital imaging company by the name Corbis. He became the director of the Investment Company by the name Berkshire Hathaway in the year 2004. In the year 2010 however, Carlos Slim Helu (world’s richest people) overtook Gates as he topped the world richest list making Gates take the second position in the list. Top 10 World’s Richest People 2013 & Business Investments
WARREN EDWARD BUFFETT
Warren Edward Buffett is the world’s third richest person in 2013. Warren Edward Buffett was born in the year 1930 on the 30th of August; he is thus 83 years old now. Warren is an American business tycoon, philanthropist and investor. Due to his reputation of being ranked amongst the most successful Investors in the world, he is frequently regarded as “Legendary investor, Warren Buffett”. In the year 2011, Warren was ranked as the wealthiest person.
Warren is the chairman, CEO and primary shareholder of Berkshire Hathaway. In 2008, Buffett became the richest man in the world dethroning Bill Gates, worth $62 billion according to Forbes, and $58 billion according to Yahoo. In 2008 he was ranked by Forbes as the richest person in the world with an estimated net worth of approximately US$62 billion. After donating billions of dollars to aid organizations in 2009, he was ranked as the second richest man in the United States with a net worth of US$37 billion with Bill Gates being number 1 on the list. Warrens’ net worth is $46 billion.
Graham developed the principle of "intrinsic" business value which referred to a measure of a business's true worth, utterly and fully independent of the stock price. With the use of this principle, investors were able to decide on the company’s worth and hence make appropriate investment decisions (world’s richest people). Warren celebrates Grahams’ book “The Intelligent Investor” claiming that it was the greatest book ever written on investment. Graham became Warrens’ idyllic figure to following his great investment principles. Reading an old edition of Who's Who, Warren discovered his mentor having read an old edition of the book “Who’s Who” and he was the chairman of GEICO.
Warren met and talked to Lorimer Davidson, (Financial Vice President). Warren Buffett has pledged to give away 99% of his net worth to charity in his lifetime and after his death. 83% of the money will go to The Bill and Melinda Gates foundation. That equates to roughly $31 billion which makes it the largest charitable gift in human history. Buffett's philanthropy has inspired other billionaires to pledge at least 50% of their net worth to charity in their lifetimes, a truly remarkable accomplishment (world’s richest people). Susan Buffett was Buffets wife from 1952. They both had three kids Peter, Susie, and Howard. In 1977 the couple began living separately although they remained married till her death in the year 2004, January. Warren remarried in 1977 to Astrid Menks (who was 60 years old at the time). Top 10 World’s Richest People 2013 & Business Investments
Bernard Arnault is currently the fourth world richest person in the world. He is 6 years old and was born on the 5th of March in 1949. He is a French business tycoon and is popularly known as the CEO and chairman of the French conglomerate LVMH. Arnault is the wealthiest person in Europe; his net worth is US$41 billion.
Mr. Arnault exploited a mounting disagreement between president of Louis Vuitton, Henri Racamier and Moet Hennessy's CEO, Alain Chevalier shortly after the creation of LVMH in the year 1987. The new group seized property rights to Dior perfumes, which Arnault earned to integrate into Dior fashion design. Arnault formed a holding company of which he owned 60% whereas Guinness owned 40% (world’s richest people). After the stock market crash in October 1987, he capitalized on the lower quoted price and soon owned 43% of LVMH. Arnault then consolidated his post by removing executives from the two companies as well as appointing his father Jean Leon Arnault Chairman of the Supervisory board prior to officially taking over as Chairman and CEO in 1989.
Arnault acquired 10.69% of Carrefour (France’s largest supermarket retailer and the 2nd largest food distributor) through his Blue Capital in the year 2007, which is jointly owned by California property company Colony Capital. Arnault (world’s richest people) has since done a lot of successful developments hence revolving it into one of the biggest luxury groups in the world, along with Swiss luxury giant Richemont and French based PPR Group. Arnault also owned the Phillips de Pury & Company (the art auction house) from 1999 to 2003 as well as other companies. Top 10 World’s Richest People 2013 & Business Investments
Lawrence Joseph "Larry" Ellison is the firth world richest person in the world. Lawrence is now 69 having been born on the August 17 of the year 1944. Larry is the co-founder and CEO of Oracle Corporation, which is one of the world’s chief enterprise software companies. In the year 2011, Larry was the 3rd richest American citizen with an estimated worth of 33 billion. Oracle Corporation paid Larry a $975,000 salary, a $6,500,000 bonus, and other compensation of $955,100 in the year 2005.
Larry earned a total compensation of $61,180,524, which incorporated a base salary of $1,000,000, a cash bonus of $8,369,000, and options granted of $50,087,100 in the year 2007. Larry (world’s richest people) earned a total compensation of $84,598,700, which incorporated a base salary of $1,000,000, a cash bonus of $10,779,000, no stocks granted, and options granted of $71,372,700 in the year 2008. In the year 2009 he made $56.8 million.
Larry Ellison was the wealthiest man in the world for a brief period in the year 2000 and was later ranked as the wealthiest Californian in 2006. Oracle's Corporation Board awarded Larry an additional 7 million stock options on July 2, in the year 2009 for the 4th year in a row. On the 10th of March in the year 2010, Larry was ranked 6th position (richest person in the world) on the Forbes list of billionaires. Larry is the 3rd wealthiest American, with an approximated net worth of US $28 billion. Top 10 World’s Richest People 2013 & Business Investments
The 5 of the last Top 10 Richest People in the World
Lakshmi Mittal is the sixth world richest person in the world in 2013. Mittal was born the 15th of June in the year 1950 and he is thus 63 years old now. He is an Indian steel tycoon. Lakshmi is the chairman as well as the CEO of the world’s leading steelmaking company ArcelorMittal. Lakshmi is the wealthiest man in India, United Kingdom and Asia, the 2nd wealthiest in Europe and is currently the 6th richest person in the world with a net worth of US$31.1 billion. Lakshmi’s daughter Vanisha Mittal’s wedding was the most costly in the recorded worlds’ history.
Lakshmi Mittal (world’s richest people) is an independent director of Goldman Sachs, member of Board of Directors to Goldman Sachs Media/Film IP Group, member of the Board of Directors of European Aeronautic Defence and Space Company, World Steel Association, Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the Investors' Council to the Cabinet of Ministers of Ukraine, the World Economic Forum’s International Business Council, the World Steel Association's Executive Committee, the Presidential International Advisory Board of Mozambique and the International Iron and Steel Institute’s Executive Committee. Top 10 World’s Richest People 2013 & Business Investments
Amancio Ortega is the 7th richest person in the world 2013 according to the US Financial Magazine, Forbes. Ortega was born on the 28th of March 1936 and is thus 77 years old now. Amancio is a Spanish fashion entrepreneur. He is the founder, alongside his wife at the moment, Rosalia Mera, and chairman of the Inditex Group. Amancio is ranked as Spain's wealthiest man; Europe's 2nd richest man; as well as the 7th richest man in the world in the year 2011. Amancio Ortega presently lives with his 2nd wife in a discreet apartment house in the centre of A Coruna.
Amancio Ortega started as a gofer in a variety of shirt stores in La Coruna, Galicia; he later founded Confecciones Goa, which made bathrobes that was in the year 1972. In the year 1975, Amancio (world’s richest people) opened the 1st store in what would grow into the enormously popular chain of fashion stores called Zara. He now owns 59.29% of the Inditex group (Industrias de Diseno Textil Sociedad Anonima) which comprises the brands Zara, Oysho, Massimo Dutti, Kiddy's Class, Zara Home, Stradivarius, Tempe, Bershka and has more than 92,000 employees.
Amancio Ortega prefers to keep a very low profile. He is fond of wearing blue colored jeans and T-shirts as he dislikes wearing ties. He is alleged to take a very active part in the production and design process in the company. Amancio Ortega (world’s richest people), announced his forthcoming retirement from the fast-fashion giant Inditex, parent company of the Zara chain, stating that he will ask Inditex vice-president and CEO Pablo Isla to take his place at the helm of the textile empire. Top 10 World’s Richest People 2013 & Business Investments
Eike Batista is the 8th richest person in the world in 20213 according to Forbes. Eike Batista was born on the 3rd of November he is Brazilian and is now 57years old. Eike is an entrepreneur and president of the EBX Group which incorporates five companies that trade on the BOVESPA’s Novo Mercado, a special segment of the Sao Paulo stock market where enterprises with the highest standards of corporate governance are listed. The EBX companies listed on the BOVESPA are: OGX (oil and gas), LLX (logistics), MPX (energy), OSX (offshore services and equipment) and MMX (mining).
In the year 2011, Eike was ranked as the 8th wealthiest person in the world as well as the richest in South America. His net worth is estimated to be US$ 30 billion. Eike was ranked the 2nd most powerful person in Brazil after Dilma Rouseff, (current president of Brazil). Eike was ranked 142nd place in the list of the world’s richest men in the year 2008 with a net worth of US$ 6.6 billion. Later in the year 2009, Eike (world’s richest people) moved up the list to the 61st position and was hence considered the wealthiest man in Brazil. In the year 2010 Eike was among the 100 most powerful men in Brazil. In the year 2011, Eike was added in the 1,000 CEOs ranking.
From the 1980s, Eike created and put into operation 8 gold mines in Brazil as well as Canada (Amapari, Crix’s, a silver mine in Chile (La Coipa), New Britania, Casa Berardi, Musselwhite, Novo Planeta, Paracatu, and Novo Astro), and three iron ore mines in Brazil (Mina 63, Ipe and Tico-Tico). Since the years 2004 to 2010 Eike (world’s richest people) formed and put into operation five companies: LLX (logistics), MMX (mining), OGX (petroleum), MPX (energy), and OSX (offshore industry).Top 10 World’s Richest People 2013 & Business Investments
Mukesh Ambani is the 9th richest person in the world according to the Forbes Magazine and the richest Indian. Mukesh Ambani was born on 19th April 1957 and is thus 56 years old. He is an Indian business tycoon. He is the chairman and managing director of the largest private sector enterprise in India, the Indian conglomerate Reliance Industries. His personal stake in Reliance Industries is 48%. On the 29th of August 2011, Reliance Industries reclaimed its status as the most esteemed firm in India, following an invigorating competition with ONGC and Coal India Ltd., both public sector units and energy giants. From the year 2011, he is the 2nd wealthiest man in Asia and the 9th wealthiest man in the world with a net worth of US$27 billion. A tough rally in the Indian stock market as well as the appreciation of the Indian rupee boosted the market capitalization of Reliance group companies, momentarily making him the world’s wealthiest man.
Mukesh (world’s richest people) is a member of the board of directors of Bank of America Corporation and a current member of the international advisory board of the Council on Foreign Relations. Ambani joined Reliance Industries in 1981. He initiated Reliance's backward integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production. Mukesh Ambani created one of the biggest and most complex information and communications technology programs in the world in the form of Reliance Infocomm Limited (now Reliance Communications Limited). Mukesh directed and led the creation of the world’s biggest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure. Top 10 World’s Richest People 2013 & Business Investments
Christy Ruth Walton closes the list of the top 10 world’s richest people. Christy Ruth Walton is the widow of John T and was born in 1955; she is thus 58years old. After John's demise in June 2005, Christy inherited John’s wealth of $15.7 billion worth. Christy is the richest woman in the world and the 10th richest person in the world. In March 2011, Christy (world’s richest people) had an approximated net worth of US$26.5 billion much of which came from her shares in Wal-Mart and also from First Solar, in which her late husband invested. Christy has one son by the name Lukas and she currently resides in Jackson, Wyoming. She is considered the highest female philanthropist with regard to the amount of money she gives from her wealth. She contributed billions of money from her net worth then $16.3 billion towards philanthropic efforts between the years 2002 and 2006.
Non-profit organizations in which Walton (world’s richest people) is actively serving include the national association of trustees and staff, corporate giving officers, and individual donors - The Philanthropy Roundtable. The San Diego Natural History Museum where she is a board member, as well as the San Diego Zoological Society and the Mingei International Museum are also institutions in which she makes donations towards.
In 2006, Walton (world’s richest people) also donated her own old Victorian home to the International Community Foundation - Center for Cross-Border Philanthropy, which was built in 1896 for former National City postmaster Oliver Noyes and is of historical significance. Since her donation, she has endowed $4 million towards the edifice's preservation. In addition, she supports her family's own charitable foundation, the Walton Family Charitable Support Foundation, which prioritizes education and benefits colleges such as the University of Arkansas, the College of Business Administration of the University of Arkansas, and several other colleges, community trusts, universities and foundations. Her family's foundation donated $1.6 billion in the year 2007. Top 10 World’s Richest People 2013 & Business Investments
In conclusion, the top 10 richest people in the world believe in themselves, believe in unique ways of increasing their incomes. The top 10 wealthiest people in the world employ different philosophies in order to achieve their goals.