Monday, May 3, 2010

TOP 10 BUSINESS PERSONALITIES OF THE WORLD

1. Bill Gates

Net Worth: $40 billion

Fortune: self made

Source: Microsoft

Age: 53

Citizenship: United States

Residence: Medina, Washington

Industry: Software

Education: Harvard University (Drop Out)

William Henry "Bill" Gates III (born October 28, 1955) is an American

business magnate, philanthropist, author, and chairman of Microsoft, the

software company he founded with Paul Allen.He is ranked consistently

one of the world's wealthiest people and the wealthiest overall in different

ranking list as of 2009. During his career at Microsoft, Gates held the

positions of CEO and Chief Software Architect, and remains the largest

individual shareholder with more than 8 percent of the common stock. He

has also authored or co-authored several books.

Time magazine named Gates as one of the 100 most influential people

of 2004, 2005, and 2006. Time also collectively named Gates, his wife

Melinda and alternative rock band U2's lead singer Bono as the 2005

Persons of the Year for their humanitarian efforts. In 2006, he was voted

eighth in the list of "Heroes of our time". Gates was listed in the Sunday

Times Power list in 1999, named CEO of the year by Chief Executive

Officers magazine in 1994, ranked number one in the "Top 50 Cyber Elite"

by Time in 1998, ranked number two in the Upside Elite 100 in 1999

and was included in The Guardian as one of the "Top 100 influential

people in media" in 2001. And consistently ranked by Forbes as well.


Gates Authored two books:

1. The Road Ahead (1995)

2. Business @ the Speed of Thought (1999)

Gates Charity Work: Gates decided to increase donations in 2009 to $3.8

billion, up 15% from 2008. Dedicated to fighting hunger in developing

countries, improving education in America's high schools and developing

vaccines against malaria, tuberculosis and AIDS. Appointed Microsoft

Office veteran Jeffrey Raikes Chief Exec. of Gates Foundation in

September.

Bill Gates first achievement was the development of a programming

language called BASIC for the Altair computer which is the first

commercially successful personal computer.

2. Warren Buffett

Net Worth: $37 billion

Fortune: self made

Source: Berkshire Hathaway

Age: 78

Citizenship: United States

Residence: Omaha, Nebraska

Industry: Investments

Education: University of Nebraska Lincoln, Bachelor of

Arts/Science, Columbia University, Master of Science

Warren Edward Buffett (born August 30, 1930) is an American investor,

businessman, and philanthropist. He is one of the world's most successful

investors, the largest shareholder and CEO of Berkshire Hathaway, and is

consistently ranked by Forbes as one of the richest persons in the world

with an estimated net worth of approximately 37 billion dollars.

In 1943, Buffett filed his first income tax return, deducting his bicycle and

watch as a work expense for $35 for his work as newspaper delivery boy.

Buffett is also a notable philanthropist, having pledged to give away 85%

of his fortune to the Gates Foundation. He also serves as a member of the

board of trustees at Grinnell College.


In 1999, Buffett was named the top money manager of the twentieth

century in a survey by the Carson Group, ahead of Peter Lynch and John

Templeton, and in 2007, he was listed among Time's 100 Most Influential

People in the world.

Last year America's most beloved investor was the world's richest man

according to Forbes list of Billionaire. This year he has to settle for second

place after losing $25 billion in 12 months. Shares of Berkshire Hathaway

were down 45% since last March. Injected billions of dollars into Goldman

Sachs, GE in exchange for preferred stock last fall; propped up insurance

firm Swiss Re in February with $2.6 billion infusion. Admits he made some

"dumb" investment mistakes in 2008.

Acquisitions

In 1973, Berkshire began to acquire stock in the Washington Post

Company. Buffett became close friends with Katharine Graham, who

controlled the company and its flagship newspaper, and became a

member of its board of directors.

In 1974, the SEC opened a formal investigation into Warren Buffett and

Berkshire's acquisition of WESCO, due to possible conflict of interest. No

charges were brought.

In 1977, Berkshire indirectly purchased the Buffalo Evening News for

$32.5 million. Antitrust charges started, instigated by its rival, the Buffalo

Courier-Express. Both papers lost money, until the Courier-Express folded

in 1982.

In 1979, Berkshire began to acquire stock in ABC. Capital Cities'

announced $3.5 billion purchase of ABC on March 18, 1985, surprising the

media industry, as ABC was some four times bigger than Capital Cities

was at the time. Berkshire Hathaway Chairman Warren Buffett helped

financed the deal in return for a 25 percent stake in the combined

company. The newly merged company, known as Capital Cities/ABC (or

CapCities/ABC), was forced to sell off some stations due to FCC ownership

rules. Also, the two companies owned several radio stations in the same

markets.

In 1987, Berkshire Hathaway purchased 12% stake in Salomon Inc.,

making it the largest shareholder and Buffett the director. In 1990, a

scandal involving John Gutfreund (former CEO of Salomon Brothers)


surfaced. A rogue trader, Paul Mozer, was submitting bids in excess of

what was allowed by the Treasury rules. When this was discovered and

brought to the attention of Gutfreund, he did not immediately suspend

the rogue trader. Gutfreund left the company in August 1991. Buffett

became CEO of Salomon until the crisis passed; on September 4, 1991,

he testified before Congress.

In 1988, Buffett began buying stock in Coca-Cola Company, eventually

purchasing up to 7 percent of the company for $1.02 billion. It would turn

out to be one of Berkshire's most lucrative investments, and one which it

still holds. In 2002, Buffett entered in $11 billion worth of forward

contracts to deliver U.S. dollars against other currencies. By April 2006,

his total gain on these contracts was over $2 billion.

In 1998, he acquired General Re, (in a rare move, for stock). In 2002,

Buffett became involved with Maurice R. Greenberg at AIG, with General

Re providing reinsurance. On March 15, 2005, AIG's board forced

Greenberg to resign from his post as Chairman and CEO under the

shadow of criticism from Eliot Spitzer, Attorney General of the state of

New York. On February 9, 2006, AIG and the New York State Attorney

General's office agreed to a settlement in which AIG would pay a fine of

$1.6 billion.

In 2009, Warren Buffett invested $2.6 billion as a part of Swiss Re's

raising equity capital. Berkshire Hathaway already owns a 3% stake, with

rights to own more than 20%.

3. Carlos Slim Helú

Net Worth: $35 billion

Fortune: self made

Industry: Telecommunications

Citizenship: Mexico

Education: Civil Engineering from the National

Autonomous University of Mexico


CARLOS SLIM HELú

Carlos Slim Helú (born January 28, 1940) is a Mexican businessman and

philanthropist largely focused on the telecommunications industry. He had

net worth of around US $35 billion through his holdings.

Slim has a substantial influence over the telecommunications industry in

Mexico and much of Latin America. He is Chairman and CEO of Telmex,

Telcel and América Móvil companies. Though he maintains an active

involvement in his companies, his three sons — Carlos, Marco Antonio and

Patrick Slim Domit — head them on a day-to-day basis.

On March 11, 2009, Forbes ranked Slim as the world's third-richest

person, behind Bill Gates and Warren Buffett and ahead of Lawrence

Ellison. Since last year Slim lost US$25 billion.

On March 5, 2008, Forbes ranked Slim as the world's second-richest

person, behind Warren Buffett and ahead of Bill Gates. During some parts

of 2007, several major financial publications had ranked Slim as the

richest person on Earth.

On August 8, 2007, Fortune reported that Slim had overtaken Gates as

the world's richest man. Slim's estimated fortune soared to US $68 billion,

based on the value of his public holdings at the end of July. Gates' net

worth was estimated to be at least US$58 billion.

On August 4, 2007, The Wall Street Journal ran a cover story profiling

Slim. The article said, "While the market value of his stake in publicly

traded companies could decline at any time, at the moment he is probably

wealthier than Bill Gates". On March 29, 2007, Slim surpassed Warren

Buffett as the world's second richest person with an estimated net worth

of US $53.1 billion compared to Buffett's US $52.4 billion. According to

The Wall Street Journal, Slim credits part of his ability to discover

investment opportunities early to the writings of his friend, futurist author

Alvin Toffler.

Bought fixed line operator Telmex in 1990; now controls 90% of Mexico's

telephone landlines. Slim has the stake of $16 billion in America Movil,

Latin America's largest mobile phone company with 173 million

customers. America Movil and Telmex reportedly planning to jointly invest

$4 billion to bolster telecom infrastructure in Latin America.


Achievements and Directorship

Slim has been Vice-President of the Mexican Stock Exchange and

President of the Mexican Association of Brokerage Houses. He was the

first President of the Latin- American Committee of the New York Stock

Exchange Administration Council, and was in office from 1996 to 1998.

He was on the Board of Directors of the Altria Group and Alcatel. Slim

currently sits on the Board of Directors for Philip Morris International. He

was on the Board of Directors of SBC Communications until July 2004 to

devote more time to the World Education & Development Fund, which

focused on infrastructure, health and education projects. In 1997, just

before the company introduced its iMac line, Slim bought three percent of

Apple Computer's stock, which has skyrocketed over the years.

He built the large Mexican financial-industrial conglomerate Grupo Carso

which owns, among other companies, the now bankrupt CompUSA

electronic retail chain. On December 8, 2007, Grupo Carso announced

that the remaining 103 CompUSA stores would be either liquidated or

sold, bringing an end to the struggling company.

Slim is said to have shown an interest in buying the Honda Formula One

team. Slim would overtake the billionaire owner of Force India, Vijay

Mallya, to become the richest team owner.

Additionally, Slim has recently made it known in the Mexican press that

he will soon announce his intentions to acquire a Major League Soccer

franchise to be located in Queens, New York that will initially be set up in

the second-tier United Soccer Leagues.

LAWRENCE ELLISON

Net Worth: $22.5 billion

Fortune: self made

Source: Oracle Corporation

Age: 64

Citizenship: United States

Residence: Redwood City, California

Industry: Software

Education: University of Illinois, Drop Out


"Larry" Ellison (born August 17, 1944) is an American entrepreneur and

the co-founder and CEO of Oracle Corporation which has employee

strength of 85000. Ellison is currently listed on Forbes list of billionaires

as the 4th richest person and the 3rd richest American in the world as of

March 11, 2009. Ellison owns 22.59% of Oracle Corporation. His shares

are worth between $ 20-25 billion.

Oracle was established in 1977 and has offices in more than 145 countries

around the world. Larry Ellison has served as Oracle's CEO for several

years. Ellison was inspired by the paper written by Edgar Codd on

relational database systems named A Relational Model of Data for Large

Shared Data Banks. He had heard about the IBM System R database, also

based on Codd's theories, and wanted Oracle to be compatible with it, but

IBM stopped this by keeping the error codes for their DBMS secret. Ellison

founded Oracle in 1977 under the name Software Development

Laboratories. In 1979 SDL changed its name to Relational Software, Inc.

(RSI). In 1983, RSI was renamed Oracle Corporation to more closely align

itself with its flagship product Oracle database with Howard Johns as

senior programmer.

Oracle acquired the following companies:

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Darwin - June 1999

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Steltor - June 2002

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Collaxa - June 2004

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PeopleSoft - January 2005 - Enterprise applications

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Oblix - March 2005 - Identity management solutions

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Retek - April 2005 - retail solution

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TripleHop - June 2005

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TimesTen - June 2005

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ProfitLogic - July 2005

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Context Media - July 2005

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iflex-India - August 2005 - Banking industry

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G-Log - September 2005 -

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Innobase - October 2005 - transactional open source database

management system called InnoDB

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Thor Technologies - November 2005 –

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OctetString - November 2005

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TempoSoft - December 2005

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360Commerce - January 2006

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Siebel - January 2006

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Sleepycat - February 2006


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Net4Call - April 2006

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Demantra - June 2006 - Demand-driven planning solutions

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Telephony@Work - June 2006 - CRM applications provider to unify IPbased

contact center technology and CRM software to deliver a

complete "customer to agent" experience

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Sigma Dynamics - August 2006 - leverage the insight contained in

both historical and real-time data sources to drive better decisions in

practically any situation

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Sunopsis - October 2006 - high-performance, next-generation data

integration capabilities. See Oracle Data Integrator

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MetaSolv Software - October 2006 - key business processes of the

communications industry

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Stellent - November 2006 - content management solution

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SPL WorldGroup - November 2006 - packaged solution to meet the

unique needs of the utilities industry

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Hyperion - March 2007 - enterprise performance management

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Tangosol - March 2007 - extreme transaction processing

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AppForge - April 2007 - mobile applications

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LODESTAR - April 2007 - utilities applications, meter data management

and energy operation solutions

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Agile - May 2007 - Enterprise Product Life Cycle Management Software

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Bridgestream Inc - September 2007 - Enterprise Role Management and

role mining

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Interlace Systems - November 2007 - Enterprise Performance

Management (EPM) software

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BEA Systems, Inc - January 2008 - Middleware provider (Tuxedo,

Weblogic, etc)

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Captovation - January 2008 - Document capture software

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Empirix (Web) - March 2008 - Web application testing software

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Skywire Software - June 2008 - Insurance software

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Global Knowledge Software - July 2008 - Technical Writing/Training

Authoring software

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ClearApp - Application management solutions for composite

applications software

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Primavera Systems - October 2008 - Project Portfolio Management

solutions software

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Haley Limited - October 2008 - Policy modeling and automation

software

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SUN Microsystems - April 2009 - Solaris OS, Java and MySQL

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Portal Software


INGVAR KAMPRAD

Net Worth: $22.0 billion

Fortune: self made

Source: Ikea

Age: 83

Citizenship: Sweden

Residence: Lausanne

Industry: Retail

Marital Status: married, 4 children

Ingvar Feodor Kamprad (born March 30, 1926) is a Swedish entrepreneur

who is the founder of the home furnishing retail chain IKEA. As of 2009 he

is the richest person in Europe and the 5th wealthiest person in the world

according to Forbes magazine, with an estimated net worth of around

US $22 billion.

Biography

Ingvar Kamprad was born on a farm called Elmtaryd (now spelled

Älmtaryd), near the small village of Agunnaryd in Ljungby Municipality in

the province of Småland, Sweden. Kamprad began to develop a business

as a young boy, selling matches to neighbors from his bicycle. He found

that he could buy matches in bulk very cheaply from Stockholm, sell them

individually at a low price and still make a good profit. From matches, he

expanded to selling fish, Christmas tree decorations, seeds and later

ballpoint pens and pencils. When Kamprad was 17, his father gave him a

reward for succeeding in his studies. He used this money to establish

what has grown into IKEA.

Kamprad has admitted that his dyslexia played a large part in the inner

workings of the company. For example, the Swedish-sounding names of

the furniture sold by IKEA were originally chosen by Kamprad because he

had difficulty remembering numeral stock-keeping units.


Kamprad drives a 15 year old Volvo, flies only economy class, and

encourages IKEA employees to always write on both sides of a paper. In

addition Kamprad has been known to visit IKEA for a cheap meal. He is

also known to buy Christmas paper and presents in the post-Christmas

sales. While Kamprad's frugality is well documented, it is also an

important part of the carefully managed image presented to IKEA

employees and the general public. He less frequently mentions that he

owns a villa in an upmarket part of Switzerland, a large country estate in

Sweden and a vineyard in Province in France or that he drove a Porsche

for several years.

The Birth of IKEA:

IKEA was founded by Ingvar Kamprad in 1943. The acronym IKEA is

made up of the initials of his name (Ingvar Kamprad) plus those of

Elmtaryd, the family farm where he was born; and the nearby village

Agunnaryd.

Ikano was originally a part of the home furnishing company IKEA. During

the 1970´s the Ikano activities involved managing real estate, financial

services and insurances for IKEA. In 1988, Ikano became an independent

group of companies, owned by the Kamprad family.

The Ikano Group today

Today the Ikano Group owns and develops competitive and profitable

niche companies in the areas of finance, real estate, asset management,

insurance and retail.

Ikano's strength is distinguished by working together to create long-term

solutions based on fair terms that brings value to our customers, partners

and to ourselves. The Ikano Group operates in Europe and Asia.

KARL ALBRECHT

Net Worth: $21.5 billion

Fortune: self made

Source: Aldi

Age: 89

Citizenship: Germany

Residence: Mulheim An Der Ruhr

Industry: Retail

Marital Status: married, 2 children


(12) of (16)

Karl Hans Albrecht (born 20 February 1920) is a German entrepreneur

who founded the discount supermarket chain Aldi with his brother Theo.

He is ranked 6th among the richest men in the world, with an estimated

net worth in 2009 of $21.5 billion according to Forbes Magazine.

Albrecht is the wealthiest man in Germany. He has parlayed his wealth via

Standby Letters of Credit cut off of Deutsche Bank.

Biography and about Aldi

Karl and Theo Albrecht were raised in modest

circumstances in Essen. Their father was employed as a

miner and later as a baker's assistant. Their mother had a

small grocery store in the worker's quarter of

Schonnebeck. Theo completed an apprenticeship in his

mother's store, while Karl worked in a delicatessen shop.

Karl also served in the German Army during World War II.

After the end of World War II, the brothers took over their

mother's business (1946). The first Aldi (Albrecht-Discount) was opened

in 1961.

Aldi's operations were later divided between the brothers, with Karl taking

control of the stores in southern Germany, plus the rights to the brand in

the U.K., Australia and the U.S., and Theo managing Aldi Nord (North).

He is a fan of golf, and plays at his personal golf course, the Öschberghof,

which he built in 1976. He also raises orchids. It is rumored that he

collects antique typewriters.

In 1994, Karl Albrecht removed himself from the daily operations of Aldi

Süd and took the position of Chairman of the board. At the beginning of

2002, he also relinquished this position, thereby completely ceding control

of the firm. Today, the business is no longer run by any of Karl Albrecht's

family members.

Aldi has more than 7,000 stores worldwide. Most of the items sold are

exclusive own brands. Thats why, you're not paid an inflated price merely

for the name of a product – it's quality, after all, that counts. Equally nofuss

presentation of their goods.



Mukesh Ambani

Net Worth: $19.5 billion

Fortune: inherited and growing

Source: Petrochemicals

Age: 51

Citizenship: India

Residence: Mumbai

Industry: Manufacturing

Education: University of Bombay, Bachelor of Arts / Science,

Stanford University, Drop Out

Marital Status: married, 3 children

Mukesh D. Ambani is a Chemical Engineer from the University of Bombay.

He is the son of Shri Dhirubhai H. Ambani, Chairman of the Reliance

Industries. Mukesh Ambani joined Reliance in 1981 and initiated

Reliance's backward integration from textiles into polyester fibres and

further into petrochemicals, petroleum refining and oil and gas

exploration and production. In this process, he directed the creation of

several new world-class manufacturing facilities involving diverse

technologies that have raised Reliance's petrochemicals manufacturing

capacities from less than a million tonnes to about twenty million tonnes

per year.

Mukesh Ambani directed and led the creation of the world's largest

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.

Mukesh Ambani had set up one of the largest and most complex

information and communications technology initiative in the world in the

form of Reliance Infocomm Limited (now Reliance Communications

Limited).


Mukesh Ambani is also steering Reliance's initiatives in a world scale,

offshore, deep water oil and gas exploration and production program,

setting up of a second petroleum refinery at Jamnagar, development of

infrastructure facilities and implementation of a pan-India organized retail

network spanning multiple formats and supply chain infrastructure.

Mukesh Ambani's accolades include:

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Bestowed the US-India Business Council (USIBC) 'Global Vision' 2007

Award for Leadership in 2007.

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Invited to be a member of the World Business Council for Sustainable

Development (WBCSD). He is the only Indian CEO to be a Council

Member of WBCSD.

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Conferred 'ET Business Leader of the Year' Award by The Economic

Times (India) in the year 2006.

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Conferred the Degree Honoris Causa, Honorary Doctorate by the

Maharaja Sayajirao University in 2007.

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Conferred the India Business Leadership Award by CNBC-TV18 in

2007.

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Received the first NDTV-Profit 'Global Indian Leader Award' from

Hon'ble Prime Minister of India, Shri Manmohan Singh in New Delhi in

the year 2006.

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Had the distinction and honour of being the cochair at the World

Economic Forum in Davos, Switzerland.

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Ranked 42nd among the 'World's Most Respected Business Leaders' and

second among the four Indian CEOs featured in a survey conducted by

Pricewaterhouse Coopers and published in Financial Times, London, in

November, 2004.

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Conferred the World Communication Award for the 'Most Influential

Person' in Telecommunications by Total Telecom, in October, 2004.

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Conferred the 'Asia Society Leadership Award' by the Asia Society,

Washington D.C., USA, in May, 2004.

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Mukesh Ambani is a member of the Prime Minister's Council on Trade

and Industry, Government of India and the Board of Governors of the

National Council of Applied Economic Research, New Delhi.

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He is the member of the Indo-US CEOs Forum, the International

Advisory Board of Citigroup, International Advisory Board of the

National Board of Kuwait and McKinsey Advisory Council.

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He is the Chairman, Board of Governors of the Indian Institute of

Management, Bangalore and a member of the Advisory Council of the

Indian Institute of Technology, Mumbai. He is also a member of the

Advisory Council for the Graduate School of Business of the Stanford

University.


Lakshmi Mittal

Net Worth: $19.3 billion

Fortune: inherited and growing

Source: Steel

Age: 58

Citizenship: India

Residence: London

Industry: Steel

Education: St Xavier's College Calcutta, Bachelor of

Arts/Science

Marital Status: married, 2 children

Lakshmi Narayan Mittal also known as Lakshmi Niwas Mittal is a billionaire

industrialist, born in Rajasthan, India in 1950. Lakshmi graduated from

St. Xavier's College in Calcutta where he received a Bachelor of

Commerce degree. He later married Usha Mittal, and had a son and

daughter.

Mittal began his career working in the family's steelmaking business in

India, and has over 30 years of experience working in steel and related

industries. Mittal founded the company Mittal Steel (formerly the LNM

Group) in 1976 and has been responsible for the development of its

businesses ever since. The company ArcelorMittal was formed in 2006 by

the merger of Arcelor and Mittal Steel, it is the largest steel company in

the world, with 326,000 employees in more than 60 countries.

ArcelorMittal is a market leader in automotive, construction, household

appliances and packaging. It holds sizeable captive supplies of raw

materials and operates extensive distribution networks. ArcelorMittal is

listed on the stock exchanges of New York, Amsterdam, Paris, Brussels,

Luxembourg and on the Spanish stock exchanges of Barcelona, Bilbao,

Madrid and Valencia

Mittal is an active philanthropist and a member of a few trusts. Mittal is a

member of the Foreign Investment Council in Kazakhstan, the

International Investment Council in South Africa, the World Economic

Forum's International Business Council and the International Iron and

Steel Institute's Executive Committee. He is a Director of ICICI Bank

Limited and is on the Advisory Board of the Kellogg School of

Management in the U.S. In March 2009, Forbes Magazine named him the

8th richest man in the world and the richest non-American, with an

estimated wealth of US $25 billion.

He is one of the wealthiest person in Britain. His house in Kensington,

bought in 2004 for $128 million is the most expensive house ever

purchased till that date. He also paid upwards of $55 million to host his

daughter's wedding celebration in Versailles in 2004.

Awards

2008: Padma Vibhushan

2007: Bessemer Gold Medal

2006: Person of the Year - Financial Times

2004: European Businessman of the Year - Fortune magazine

1998: Willy Korf Steel Vision Award - American Metal Market and

PaineWeber's World Steel Dynamics

1996: Steelmaker of the Year - New Steel

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