Top Ten Billionaires in 2011- How do they impact on your aspiration?

  • SumoMe

Being a billionaire is what almost every one dream to become. The success of acquiring much wealth has nothing to do with greed but your set goals and determination .All that is required is – what do you really want to be? How do you plan to get there? And most importantly how strong is your desire? If you read through the top ten billionaires profile most of them were actually school drop out. This doesn’t mean they were complete dullards but it only shows what their true goals and desires were.
Below are list of top ten billionaires, their lifestyles, purpose and unique personal propositions will spur you to achieving your financial objective? As the year comes to an end, you have a lot to learn from them to shape your mindset for the incoming year.

1. Carlos Slim Helu

He is a Mexican lebannese and currently the world richest man who owns more than 200 companies, notably in retail (Saks), media (The New York Times), tobacco (Philip Morris) and telecommunications. He has a net worth of $63.3 B as of November 2011.He is the chairman of Telmex, his sources of income is predominantly in the telecom sector. He is aged 71, with a family of 6, though a widow.

2. Bill Gates

Bill is an American from the states. He Co-Chair, Bill & Melinda Gates Foundation. He is the owner of Microsoft. His net worth is $59 B as of November 2011, with $800,000 earnings as of November 2011.Bill is aged 56, Microsoft’s software wizard and the world’s second-richest man is having the most productive midlife crisis in history. His focus on creating, promoting and distributing vaccines is having a massive impact on global health. Gates’ goal is to eliminate infectious disease as a major cause of death in his lifetime. Bill is married with 3 children and well noted for his drop out of the Harvard University and now to be one of the world’s richest men. The Highlight of his business in 2011 is the Malaria vaccine he backed ¬recently passed a key clinical trial. The vaccine has the potential to save millions of lives.

3. Warren Buffett

The CEO of Berkshire Hathaway and aged 81 from the United States, he holds a masters degree from Columbia University. He has estimated earnings of $524,946 and a net worth of $39 B of November 2011.
Buffett recently raised hackles when he penned an op-ed claiming that his ¬secretary pays a higher tax rate than he does, suggesting that “it’s time for our government to get serious about shared sacrifice.” Obama then proposed a “Buffett tax” to ensure that no millionaire would pay less in taxes than a ¬middle-class family. Conservative commentators immediately went on the offensive, including FORBES Editor-in-Chief Steve Forbes, who suggested that Buffett was free to “send in his extra billions” to the U.S. Treasury.
2011 Highlight: In March Berkshire Hathaway spent nearly $10 billion to acquire specialty chemical maker Lubrizol, one of the company’s largest-ever transactions.

4. Bernard Arnault

The world’s arbiter of good taste is also Europe’s richest man. Bernard is the Chairman, Louis Vuitton Moet Hennessy (LVMH).He is married with 5 children, his country of residence and citizenship is France. The net worth of his business estimated at $41 B and earnings of $5,797,577 as of November 2011. Arnault’s wealth soared as demand for luxury goods grew, especially in Asia.

5. Larry Ellison

Funny enough, Larry dropped out at the University of Illinois at Urbana; and again Dropped Out, at the University of Chicago. An American from Woodside, CA. He is the owner of Oracle and aged 67. Larry has a total net worth of $33 B as of September 2011.
Larry Ellison seems to be spending more time in court than on the water: Oracle has been battling German software firm SAP over alleged software theft and rival HP over Ellison’s hiring of its former chief Mark Hurd. Oracle stock is unharmed — up 15% from a year ago. Ellison sold his half-share in 453-foot yacht rising Sun to co-owner David Geffen in late 2010. After quietly donating millions to medicine and education, Ellison joined the Giving Pledge at Buffett’s behest in 2010.

6. Lakshmi Mittal

Lakshmi is an Indian married with 2 children, aged 61,and the Chairman of ArcelorMittal the world’s largest steelmaker, tanked 40% thanks to surging costs, despite an ongoing recovery in steel demand. His net worth is $19.2 B with earnings of $2,399,500 as of November 2011. Net worth down $6.9 billion as shares of his ArcelorMittal, the Company expanded mining interests, buying Canadian miner Baffinland Iron Mines in January. In August it partnered with Peabody Energy to buy Australia’s Macarthur Coal for $4.9 billion. Son Aditya was recently given additional responsibilities for Europe, sparking speculation about succession.

7. Amancio Ortega

Ortega has a net worth of $31 B as of march 2011. Amancio Ortega stepped down as chairman of Inditex, the $15.8 billion (sales) fashion firm in January; he still gets 87% of his fortune from his stake in the publicly traded firm. The company, which operates under several brand names including Zara, Massimo Dutti and Stradivarius, has 5,000 stores in 77 countries. Ortega also owns properties in Florida, Madrid, London and Lisbon, a horse-jumping circuit, a stake in a soccer league; and has interests in gas, tourism and banks. Railway worker’s son, he started as a gofer in a shirt store. With then-wife Rosalia Mera, also a billionaire started making dressing gowns and lingerie in living room. Daughter Marta works for Inditex. Ortega is aged 75, from Spain and the owner of Zara.

8. Eike Batista

Eike is a Brazilian from Rio De Janeiro, aged 54, a drop out from RWTH Aachen University. Brazil’s richest man has a net worth of $30 B as of march 2011 and he is gearing up to take over the world. Making a play for foreign investors, Batista announced this year the opening of an office in New York and his intention to list some of his companies on the London Stock Exchange. Through his holding company, EBX, Batista controls businesses spanning mining, shipbuilding, energy, logistics, tourism and entertainment. After months of discussions, he was triumphant in February in taking control of Canadian gold outfit Ventana. Two-thirds of his fortune comes from OGX, the oil-and-gas exploration company he founded in 2007 and took public a year later. He says the company will start producing oil this year. In rare recent setback, his planned IPO for his shipbuilding business (OSX), meant to be the world’s largest IPO in 2010, was a disappointment and has had a lukewarm reception in the Brazilian market. The son of Brazil’s revered former mining minister who presided over mining giant Companhia Vale do Rio Doce got his start in gold trading and mining. Onetime champion offshore powerboat racer; formerly married to Playboy cover girl. In media interviews he’s been warning Carlos Helú Slim that he’ll soon take his spot as the world’s richest man, but he still has a ways to go.

9. Mukesh Ambani

He is the Chairman, Reliance Industries with a net worth of $22.6 B and an earnings of $3,019,935 as of November 2011.Mukesh is Indian from Mumbai, a Drop Out from Stanford University; Bachelor of Science in Engineering, University of Bombay. He is aged 54 and married with 3 children.
His Reliance Industries inked $7.2 billion deal with BP, which took 30% in 23 of its oil-and-gas blocks in India. Subsequent government auditor’s report alleging it had breached terms of its contract for developing one of those blocks and possible probe by federal investigating agency cast pall over Reliance’s shares, down 11% in past year. Nation’s most valuable company briefly ceded spot to state-owned coal miner Coal India in August.

10. Christy Walton

The world’s richest woman, Wal-Mart widow Christy Walton inherited her wealth when husband John Walton, a former Green Beret and Vietnam war medic, died in an airplane accident near his home in Wyoming in 2005. Her late husband’s investment in First Solar also boosts her total net worth by nearly $2.7 billion. The bulk still comes from her holdings in Wal-Mart, the retailer founded by her father-in-law Sam Walton and his brother James in 1962. Walton received almost $300 million in Wal-Mart dividends since last year. The stock was up only 3% in the past year.
She has a net worth of $24.5 B as of September 2011, an American from Jackson, WY, USA. Christy is aged 56, married with 1 child, though a widow.

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