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Friday, March 12, 2010

The Top 20 Wolrd's Billionaires 2010

According to the Forbe world's billionaires list highlighted below are to richest person in the world as at March 10, 2010:

N0.1  Carlos Slim Helu

Net Worth: $53.5 billion

Source: Telecoms

Residence: Mexico

N0.2  Bill Gates

Net Worth: $53 billion

Source: Microsoft

Residence: U.S.A

N0.3 Warren Buffett

Net Worth: $47 billion

Source: Investment

Residence: U.S.A

N0.4  Mukesh Ambani

Net Worth: $29 billion

Source: Petrochemicals, Oils & Gas

Residence: India

N0.5 LakShmi Mittal

Net Worth: $28.7 billion

Source: Steel

Residence: India

N0.6 Lawrence Ellison

Net Worth: $28 billion

Source: Oracle

Residence: U.S.A

N0.7  Bernard Arnault

Net Worth: $27.5 billion

Source: Luxury Goods

Residence: France

N0.8  Eika Batista

Net Worth: $27 billion

Source: Minning, Oil

Residence: Brazil

N0.9  Amancio Ortega

Net Worth: $25 billion

Source: Fashion Retail

Residence: Spain

N0.10  Karl Albrecht

Net Worth:$23.5 billion

Source: Supermarkets

Residence: Germany

N0.11  Ingvar Kamprad & Family

Net Worth: $23 billion


Residence: Sweden

N0.12  Christy Walton & Family

Net Worth: $22.5 billion

Source: Wal-Mart

Residence: U.S.A

N0.13  Stephen Persson

Net Worth: $22.4 billion

Source: H & M

Residence: Sweden

N0.14 Lika-Shing

Net Worth: $21 billion

Source: Diversified

Residence: Hong Kong

N0.15 Jim C. Walton

Net Worth: $20.7 billion

Source: Wal-Mart

Residence: U.S.A

N0.16  Alice Walton

Net Worth: $20.6 billion

Source: Wal-Mart

Residence: U.S.A

N0.17 Liliance Bettencourt

Net Worth: $20 billion

Source: L'Orel

Residence: U.S.A

N0.18  S. Robson Walton

Net Worth: $19.8 billion

Source: Wal-Mart

Residence: U.S.A

N0.19 Prince Alwaleed bin Talal Alsaud

Net Worth: $19.4 billion

Source: Diversified

Residence: Saudi Arabia

N0. 20 David Thomson & Family

Net Worth: $19 billion

Source: Thomson Reuters

Residence: Canada

Thursday, March 11, 2010

The World Wealthiest Person

According to the, Carlos Slim Helu takes No. 1 spot on Forbes World's Billionaires list as a record 164 10-figure titans return to the ranking amid the global economic recovery.

For the third time in three years, the world has a new richest man.

Riding surging prices of his various telecom holdings, including giant mobile outfit America Movil (AMX), Mexican tycoon Carlos Slim Helu has beaten out Americans Bill Gates and Warren Buffett to become the wealthiest person on earth and nab the top spot on the 2010 Forbes list of the World's Billionaires.

Slim's fortune has swelled to an estimated $53.5 billion, up $18.5 billion in 12 months. Shares of America Movil, of which Slim owns a $23 billion stake, were up 35% in a year.

That massive hoard of scratch puts him ahead of Microsoft (MSFT) cofounder Bill Gates, who had held the title of world's richest 14 of the past 15 years.

Gates, now worth $53 billion, is ranked second in the world. He is up $13 billion from a year ago as shares of Microsoft rose 50% in 12 months. Gates' holdings in his personal investment vehicle Cascade (CAE) also soared with the rest of the markets.

Buffett's fortune jumped $10 billion to $47 billion on rising shares of Berkshire Hathaway (BRK). He ranks third.

The Oracle of Omaha shrewdly invested $5 billion in Goldman Sachs (GS) and $3 billion in General Electric (GE) amid the 2008 market collapse. He also recently acquired railroad giant Burlington Northern Santa Fe (BNI) for $26 billion.

In his annual shareholder letter Buffett wrote, "We've put a lot of money to work during the chaos of the last two years. When it's raining gold, reach for a bucket, not a thimble."

Many plutocrats did just that. Indeed, last year's wealth wasteland has become a billionaire bonanza. Most of the richest people on the planet have seen their fortunes soar in the past year.

This year the World's Billionaires have an average net worth of $3.5 billion, up $500 million in 12 months. The world has 1,011 10-figure titans, up from 793 a year ago but still shy of the record 1,125 in 2008. Of those billionaires on last year's list, only 12% saw their fortunes decline.

U.S. billionaires still dominate the ranks — but their grip is slipping. Americans account for 40% of the world's billionaires, down from 45% a year ago.

The U.S. commands 38% of the collective $3.6 trillion net worth of the world's richest, down from 44% a year ago.

Of the 97 new members of the list, only 16% are from the U.S. By contrast, Asia made big gains. The region added 104 moguls and now has just 14 fewer than Europe, thanks to several large public offerings and swelling stock markets.

The new billionaires include American Isaac Perlmutter, who flipped Marvel Entertainment (MVL) to Disney (DIS) for $4 billion last December. The Spider-Man mogul netted nearly $900 million in cash and 20 million shares of Disney in the transaction.

Also new to the ranking: 27 billionaires from China, including Li Shufu, whose automaker, Geely, announced plans to buy Swedish brand Volvo from Ford in December. The deal is expected to close in March 2010.

Finland and Pakistan both welcomed their first billionaires.

For the first time China (including Hong Kong) has the most billionaires outside the U.S. with 89.

Russia has 62 billionaires, 28 of them returnees who had fallen off last year's list amid a meltdown in commodities. Total returnees to the list this year: 164.

Eleven countries have at least double the number of billionaires they had a year ago, including China, India, Turkey and South Korea.

Thirty members of last year's list fell out of the billionaire's club. Moguls who couldn't make the cut: Iceland's Thor Bjorgolfsson, Russia's Boris Berezovsky and Saudi Arabia's Maan Al-Sanea.

Another 13 members of last year's list died. Among the deceased: real estate developer Melvin Simon and glass tycoon William Davidson.

This article is credited to yahoo Inc. click here to read more of the article.