The Top 7 Billionaires in the World 2010

Helu
AP Photo

1) Carlos Slim Helu

Net Worth: $53.5 billion

Source: Telecom

Residence: Mexico

• Telecom tycoon who pounced on privatization of Mexico's national telephone company in the 1990s becomes world's richest person for first time after coming in third place last year. Net worth up $18.5 billion in a year.

• Recently received regulatory approval to merge his fixed-line assets into American Movil, Latin America's biggest mobile phone company.

• His construction conglomerate, Impulsora del Desarrollo y el Empleo, builds roads and energy infrastructure.

• Son of a Lebanese immigrant also owns stakes in financial group Inbursa, Bronco Drilling, Independent News & Media, Saks and New York Times Co.

• Newspaper outfit's stock popped in early March on talk he might buy a controlling stake; he denies the rumor.

• Donating $65 million to fund a research project in genomic medicine with American billionaire philanthropist Eli Broad.

Gates
AP Photo

2) Bill Gates

Net Worth: $53 billion

Source: Microsoft

Residence: U.S.

• Software visionary is now the world's second-richest man. Net worth still up $13 billion in a year as Microsoft shares rose 50% in 12 months, value of investment vehicle Cascade swelled.

• More than 60% of fortune held outside Microsoft; investments include Four Seasons hotels, Televisa, Auto Nation.

• Stepped down from day-to-day duties at Microsoft in 2008 to focus on philanthropy.

• Bill & Melinda Gates Foundation dedicated to fighting hunger, improving education in America's high schools, developing vaccines against malaria, tuberculosis and AIDS.

Buffett
AP Photo 3) Warren Buffett

Net Worth: $47 billion

Source: Investments

Residence: U.S.

• America's favorite investor up $10 billion in past 12 months on surging Berkshire Hathaway shares; says U.S. has survived economic "Pearl Harbor," but warns recovery will be slow.

• Shrewdly invested $5 billion in Goldman Sachs and $3 billion in General Electric amid 2008 market collapse.

• Recently acquired railroad giant Burlington Northern Santa Fe for $26 billion.

• "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."

• Berkshire Hathaway book value was up 19.8% to $21.8 billion in 2009.

• Son of Nebraska stockbroker met value investor Benjamin Graham while studying economics at Columbia.

• Took over textile firm Berkshire Hathaway in 1965, used company as a vehicle to invest in insurance (Geico), food (Dairy Queen), utilities (MidAmerican Energy) and recently green tech (electric-car maker BYD).

Ambani
AP Photo

4) Mukesh Ambani

Net Worth: $29 billion

Source: Petrochemicals, oil and gas

Residence: India

• Global ambitions: His Reliance Industries, already India's most valuable company, recently bid $2 billion for 65% stake in troubled Canadian oil sands outfit Value Creations.

• Firm's $14.5 billion offer to buy bankrupt petrochemicals maker LyondellBasell was rejected.

• Since September company has sold Treasury shares worth $2 billion to be used for acquisitions.

• Late father, Dhirubhai, founded Reliance and built it into a massive conglomerate. After he died, Mukesh and his brother, Anil, ran the family business together for a brief time. But siblings feuded over control; mother eventually brokered split of assets, with Mukesh getting oil, gas and petrochemicals businesses.

• Still at odds with Anil over gas supply agreement; awaiting Supreme Court's final ruling.

• Owns cricket team Mumbai Indians.

Mittal
AP Photo

5) Lakshmi Mittal

Net Worth: $28.7 billion

Source: Steel

Residence: India

• London's richest resident oversees ArcelorMittal, world's largest steel maker. Net profits fell 75% in 2009.

• Mittal took 12% pay cut amid slump but improved outlook pushed stock up one-third in past year.

• Looking to expand in his native India; wants to build steel mills in Jharkhad and Orissa but has not received government approval.

• Started in family steel business in India in 1970s; branched out on his own in 1994.

• Initially bought up steel mills on the cheap in Eastern Europe.

• Earned $1.1 billion for selling his interest in a Kazakh refinery in December.

• Sits on the boards of Goldman Sachs, EADS.

• Upped stake in struggling British soccer team QPR in February.

• Funding 400-foot sculpture to be built in London's Olympic Park in time for 2012 Olympics.

• Owns 12-bedroom mansion in London's posh Kensington neighborhood.

• Daughter-in-law Megha recently bought insolvent German fashion house Escada.

Ellison
AP Photo

6) Lawrence Ellison

Net Worth: $28 billion

Source: Oracle

Residence: U.S.

• Oracle founder's fortune continues to soar; shares up 70% in past 12 months.

• Database giant has bought 57 companies in the past five years.

• Completed $7.4 billion buyout of Sun Microsystems in January; acquired BEA Systems for $8.5 billion in 2008.

• Studied physics at U. of Chicago; didn't graduate.

• Started Oracle 1977; took public a day before Microsoft in 1986.

• Owns 52% stake in business-software company NetSuite; shares worth $480 million.

• Racing junkie owns 453-foot yacht Rising Sun with pal David Geffen. Won America's Cup in February, besting longtime rival billionaire Ernesto Bertarelli.

Arnault
AP Photo

7) Bernard Arnault

Net Worth: $27.5 billion

Source: Luxury goods

Residence: France

• Bling is back, helping fashion icon grab title of richest European as shares of his luxury goods outfit LVMH--maker of Louis Vuitton, Moet & Chandon--surge 57%.

• LVMH is developing upscale Shanghai commercial property, L'Avenue Shanghai, with Macau billionaire Stanley Ho.

• Renaissance man owns French tour operator Go Voyages, yacht builder Royal Van Lent; has a stake in French retailer Carrefour.

• Built Le Cheval Blanc in ski resort town of Courchevel, France, where he likes to spend New Year's Eve.

• Father, Jean, who died in January, made small fortune in construction; sale of that business later helped fund Arnault's move into real estate and eventually into luxury goods.

• Still a family affair: son Antoine, 32, and daughter Delphine, 34, sit on LVMH's board.

• Wife is a concert pianist; Arnault himself reported to be an excellent piano player.

Wednesday, March 10, 2010

The Philippines' 40 Richest

RankNameNet Worth ($mil)Age
1 Henry Sy 3,800 84
2 Lucio Tan 1,700 75
3 Jaime Zobel de Ayala 1,200 75
4 Andrew Tan 850 57
5 John Gokongwei 720 82
6 Tony Tan Caktiong 710 59
7 Eduardo Cojuangco Jr. 660 74
8 Enrique Razon Jr. 620 49
9 Manuel Villar 530 59
10 George Ty 515 76
11 Emilio Yap 510 83
12 Inigo & Mercedes Zobel 440 NA
13 Beatrice Campos 410 NA
14 Vivian Que Azcona 390 NA
15 Oscar Lopez 350 79
16 Andrew Gotianun 310 81
17 David Consunji 300 88
18 Robert Coyiuto Jr. 290 56
19 Alfonso Yuchengco 230 86
20 Mariano Tan 180 NA
21 Menardo Jimenez 160 77
22 Gilberto M. Duavit 159 74
23 Felipe Gozon 135 69
24 Jon Ramon Aboitiz 125 60
25 Betty Ang 120 NA
26 Alfredo Ramos 115 65
27 Manuel Zamora Jr. 110 69
28 Bienvenido R. Tantoco Sr. 90 88
29 Tomas Alcantara 75 63
30 Benjamin Romualdez 70 79
31 Wilfred Uytengsu Sr. 65 81
32 Lourdes Montinola 60 81
33 Luis Virata 56 55
34 Eugenio Lopez III 55 57
35 Enrique Aboitiz 53 87
36 Philip Ang 50 68
37 Jesus Tambunting 45 72
38 Frederick Dy 40 54
39 Rolando & Rosalinda Hortaleza 39 50/52
40 Marian Rosario Fong 38 NA

The World's Billionaires List -4

RankNameCitizenshipAgeNet Worth ($bil)
74 Kushal Pal SinghIndia 78 9.0
77 Nasser Al-Kharafi & familyKuwait 66 8.7
77 Francois Pinault & familyFrance 73 8.7
79 Dmitry RybolovlevRussia 43 8.6
80 Iskander MakhmudovRussia 46 8.5
80 James SimonsUnited States 71 8.5
82 Alberto Bailleres & familyMexico 77 8.3
83 German KhanRussia 48 8.2
84 Eliodoro, Bernardo & Patricia MatteChile 64 8.1
85 Edward Johnson IIIUnited States 79 8.0
86 Kumar BirlaIndia 42 7.9
87 Sunil MittalIndia 52 7.8
88 John FredriksenCyprus 65 7.7
89 Serge Dassault & familyFrance 84 7.6
89 Petr KellnerCzech Republic 45 7.6
89 Ananda KrishnanMalaysia 71 7.6
89 Tadashi Yanai & familyJapan 61 7.6
93 Mohamed Bin Issa Al JaberSaudi Arabia 51 7.5
93 Leonard BlavatnikUnited States 52 7.5
93 David & Simon ReubenUnited Kingdom 67 7.5
93 Nobutada Saji & familyJapan 64 7.5
93 Alain & Gerard WertheimerFrance NA 7.5
93 Vladimir YevtushenkovRussia 61 7.5
99 August von FinckGermany 80 7.3
100 Lee Kun-HeeSouth Korea 68 7.2

The World's Billionaires List -3

RankNameCitizenshipAgeNW ($bil)
51 Susanne KlattenGermany 47 11.1
52 Iris Fontbona & familyChile NA 11.0
52 Forrest Mars JrUnited States 78 11.0
52 Jacqueline MarsUnited States 70 11.0
52 John MarsUnited States 73 11.0
52 Ronald PerelmanUnited States 67 11.0
57 Oleg DeripaskaRussia 42 10.7
58 Vagit AlekperovRussia 59 10.6
59 Leonardo Del VecchioItaly 74 10.5
59 Carl IcahnUnited States 74 10.5
61 Vladimir PotaninRussia 49 10.3
62 Philip KnightUnited States 72 10.2
63 Ricardo Salinas Pliego & familyMexico 54 10.1
64 Mohammed Al AmoudiSaudi Arabia 65 10.0
64 Ernesto Bertarelli & familySwitzerland 44 10.0
64 Anne Cox ChambersUnited States 90 10.0
64 George KaiserUnited States 67 10.0
64 Hans RausingSweden 84 10.0
64 Joseph SafraBrazil 71 10.0
70 Alexei MordashovRussia 44 9.9
71 Viktor RashnikovRussia 61 9.8
72 German Larrea Mota Velasco & familyMexico 56 9.7
73 Sheldon AdelsonUnited States 76 9.3
74 Silvio Berlusconi & familyItaly 73 9.0
74 Dan DuncanUnited States 77 9.0

The World's Billionaires List -2

RankNameCitizenshipAgeNet Worth ($bil)
24 David Koch United States 69 17.5
24 Larry Page United States 37 17.5
28 Michele Ferrero & family Italy 83 17.0
28 Kwok family Hong Kong NA 17.0
28 Azim Premji India 64 17.0
31 Theo Albrecht Germany 88 16.7
32 Vladimir Lisin Russia 53 15.8
33 Steven Ballmer United States 54 14.5
33 Robert Kuok Malaysia 86 14.5
35 George Soros United States 79 14.0
36 Anil Ambani India 50 13.7
37 Paul Allen United States 57 13.5
37 Michael Dell United States 45 13.5
39 Mikhail Prokhorov Russia 44 13.4
40 Birgit Rausing & family Sweden 86 13.0
40 Shashi & Ravi Ruia India 66 13.0
42 Mikhail Fridman Russia 45 12.7
43 Jeffrey Bezos United States 46 12.3
44 Savitri Jindal India 60 12.2
45 Donald Bren United States 77 12.0
45 Gerald Cavendish Grosvenor & family United Kingdom 58 12.0
45 John Paulson United States 54 12.0
48 Abigail Johnson United States 48 11.5
48 Jorge Paulo Lemann Brazil 70 11.5
50 Roman Abramovich Russia 43 11.2

The World's Billionaires List -1

RankNameCitizenshipAgeNet Worth ($bil)
1 Carlos Slim Helu & familyMexico 70 53.5
2 William Gates IIIUnited States 54 53.0
3 Warren BuffettUnited States 79 47.0
4 Mukesh AmbaniIndia 52 29.0
5 Lakshmi MittalIndia 59 28.7
6 Lawrence EllisonUnited States 65 28.0
7 Bernard ArnaultFrance 61 27.5
8 Eike BatistaBrazil 53 27.0
9 Amancio OrtegaSpain 74 25.0
10 Karl AlbrechtGermany 90 23.5
11 Ingvar Kamprad & familySweden 83 23.0
12 Christy Walton & familyUnited States 55 22.5
13 Stefan PerssonSweden 62 22.4
14 Li Ka-shingHong Kong 81 21.0
15 Jim WaltonUnited States 62 20.7
16 Alice WaltonUnited States 60 20.6
17 Liliane BettencourtFrance 87 20.0
18 S. Robson WaltonUnited States 66 19.8
19 Prince Alwaleed Bin Talal AlsaudSaudi Arabia 55 19.4
20 David Thomson & familyCanada 52 19.0
21 Michael Otto & familyGermany 66 18.7
22 Lee Shau KeeHong Kong 82 18.5
23 Michael BloombergUnited States 68 18.0
24 Sergey BrinUnited States 36 17.5
24 Charles KochUnited States 74 17.5

World's Billionaires 2010

Wednesday, March 10, 2010provided by
 
Introduction by Matthew Miller and Luisa Kroll
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.
More at Forbes.com:

Related-Link-Image-carlos-slim-helu_150x110.jpg
The World's Billionaires
Related-Link-Image_living-large.jpg
Cost of Living Large
RelatedLink_Womenj-k-rowling_GettyImages.jpg
Women 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.