Mexican billionaire Carlos Slim has emerged the richest person in the world with $53.5 billion in assets, while Indian industrialist Mukesh Ambani, chief of Reliance Industries, ranks fourth with $29 billion in U.S. magazine Forbes' annual list of the world's top billionaires.
Mr. Slim is followed by William Gates III (popularly known as Bill Gates), with a net worth of $53 billion, and Warren Buffet in the third spot with assets worth $47 billion.
NRI billionaire Lakshmi Mittal ranks fifth with a net worth of $28.7 billion, while Mr. Ambani's younger brother Anil Ambani is at the 36th spot with $13.7 billion.
1,011 billionaires
There are 1,011 billionaires in the world now, up from 793 a year ago.
Mr. Gates has held the top spot for 14 of the past 15 years. “The Microsoft founder is now worth $53 billion, up $13 billion from a year ago,” Forbes said.
The U.S. has 403 billionaires — the most in the world — followed by China, which beat Russia to grab the second spot.
Although China has a larger number of billionaires than India, 10 of Asia's top 25 are Indian, while China has one. Hong Kong and Japan each have five.
New York has more billionaires than any other city.
The youngest billionaire — with a net worth of $4 billion — is 25-year-old Mark Zuckerberg, the creator of social networking website Facebook.
The list of Indian billionaires include Mukesh Ambani and Mr. Mittal in the top two, along with Azim Premji ($17 billion), Anil Ambani ($13.7 billion), Shashi and Ravi Ruia ($13 billion), Savitri Jindal ($12.2 billion), Kushal Pal Singh ($9 billion), Kumar Birla ($7.9 billion), Sunil Mittal ($7.8 billion) and Anil Agarwal ($6.4 billion).
Mukesh Ambani has retained the title of being the world's richest Indian for the second consecutive year.
Leading the group of 50 Indians in the list, Mr. Ambani has added over $9.5 billion to his net worth in the past 12 months. Mr. Mittal, who ranks fifth, has gained over $9 billion in the last year.
Mr. Premji, at the 28th place, has seen his rank skyrocket from the 83rd position last year with an addition of over $11.3 billion.
Mr. Ambani's brother Anil, who was ranked at the 34th position in 2009, slipped two positions below to the 36th spot despite an increase of $3.6 billion in his net worth.
Shashi and Ravi Ruia, the promoters of the Essar Group, are ranked at the 40th position, up from 86th last year. The cumulative wealth of Indian billionaires has jumped by $118.9 billion and now stands at about $227.9 billion. The Indian presence has doubled to 50 (from 24 a year ago) in the club
Tuesday, June 14, 2011
A Day In Bill Gates Life
Last week, we got to take a virtual tour of Bill Gates' home. This week, we get to take a look at how Gates works. While his house was filled with fancy gadgets and huge rooms, his daily work day is not nearly as extravagant. Gates gave CNN Money a brief write-up about his daily happenings and the technology that he leverages to get through the day, and it is surprisingly tame.
The average day in the life of Bill Gates consists of attending meetings and reading e-mail. He has three monitors in his office that contain his inbox, the current e-mail he is reading, and a browser, respectively. Gates receives about 100 e-mails per day that he reads, although many unknown e-mails are filtered out by his personal assistant. For a man that runs one of the most powerful companies in the world, that may not be as many as you would have thought. Nevertheless, he still runs into information overload.
Staying focused is one issue; that's the problem of information overload. The other problem is information underload. Being flooded with information doesn't mean we have the right information or that we're in touch with the right people.
What is a man to do when there is more news than there is time? If that man is Bill Gates, he turns to SharePoint.
SharePoint puts me in touch with lots of people deep in the organization. It's like having a super-website that lets many people edit and discuss—far more than the standard practice of sending e-mails with enclosures. And it notifies you if anything comes up in an area you're interested in.
Recently, Gates has been preparing for ThinkWeek, where he will read over 100 different papers from Microsoft employees which focus on topics ranging from the company's future to the future of technology in general. After reading the papers, he posts comments that are available to the entire company, and SharePoint helps keep everything organized.
Other pieces of technology that Gates uses almost daily include his TabletPC, OneNote, and desktop search software, most likely Windows Desktop Search. Even though he is surrounded by vast amounts of technology, Gates admits that he still uses whiteboards from time to time. The catch is that some whiteboards within Microsoft can have their screens captured and uploaded to a digital medium. But Gates doesn't have one of those, yet.
When the day has come and gone, Gates puts the kids to bed, and, get this, he reads his e-mail! There's no better way to relax than by reading e-mails that may have slipped past you during the day, right? Yeesh.
Now that you have an idea of how Microsoft's head honcho lives out his day, do you feel that you can relate? I do. Like a lot of us, his day is filled with meetings and technology. That's just the way the IT industry works whether you are providing tech support or managing a multi-billion dollar company.
Business Day
A business day is considered every official working day of the week. Another common term is working day. Typically, these are the days between and including Monday to Friday and do not include public holidays and weekends.
The definition of a business day varies by region. It depends on the local workweek which is dictated by local customs, religions, and business operations. For example, in Saudi Arabia, the business day is usually Saturday to Wednesday, whereas in the United States and much of the Western world it is typically Monday to Friday.
Business days are commonly used by shipping companies when determining the arrival date of a package. If a firm such as FedEx ships a parcel on a Thursday that will be delivered in "two business days", it will therefore arrive on a Monday assuming that both Friday and Monday are not holidays.
The definition of a business day varies by region. It depends on the local workweek which is dictated by local customs, religions, and business operations. For example, in Saudi Arabia, the business day is usually Saturday to Wednesday, whereas in the United States and much of the Western world it is typically Monday to Friday.
Business days are commonly used by shipping companies when determining the arrival date of a package. If a firm such as FedEx ships a parcel on a Thursday that will be delivered in "two business days", it will therefore arrive on a Monday assuming that both Friday and Monday are not holidays.
Businessman
A businessperson (also businessman or businesswoman) is an entrepreneur or someone who is involved in the management of a company esp as an owner or executive. Sometimes it can also mean someone employed at a (usually) profit-oriented enterprise. The term businessperson almost always refers to someone with a "white collar" occupation.
life of businessman
The extravagant lifestyle of a businessman at the centre of a £400 million divorce battle was revealed today as the case heads for the High Court.
Scot Young, who claims he is penniless after losing his vast fortune, faces jail if he cannot account for the missing money at a hearing today.
Speaking before the case, his estranged wife Michelle told how Mr Young used to shower her with expensive gifts, spent £1 million a year on clothes for himself and bought a new luxury car every six weeks.
The property tycoon, 48, owned some of England's finest houses and a yacht in Monaco and travelled the world on Concorde or private jet.
Mr Young, who is close friends with Topshop boss Sir Philip Green and billionaire oligarch Boris Berezovsky, told an earlier court hearing he has lost every penny of his former wealth and was given until today to produce documents.
But Mrs Young warned she is determined to prove he is hiding some of his fortune and has hired a team of experts to gather evidence.
The former model, 45, said she used to get her weekly food shopping delivered from Harrods to the £21 million Oxfordshire mansion where the family lived until the marriage broke down in 2006.
Mrs Young said: “There was really no limit to what I could spend. I could have anything I wanted. I never had fewer than three luxury cars, including a Hummer just to take my dogs to the vet.”
Once, she said, her husband bought her a Range Rover filled with tens of thousands of pounds worth of couture dresses by designer Maria Grachvogel.
For her 40th birthday, he lavished her with £1 million worth of Graff diamond jewellery. For Christmas he bought her a Damian Hirst sketch.
The couple filled their home with £4 million of antique furniture and their two daughters, Scarlet, now 16, and Sasha, 14, had Arabian horses to ride on their 200-acre estate.
She added: “He wasn't one for throwing glitzy parties, but he was extravagant and generous.
“He loved Dolce & Gabbana clothes and every time their new collection came out he would buy it all, spending around a £1million a year on clothes for himself.
“Every time he pulled off a deal he bought a fabulously expensive watch – he must have had more than 200. He had countless luxury cars, sometimes buying a new one every six weeks.”
These days Mrs Young shops at Morrisons and she and her two daughters face eviction from their rented London home after their property was repossessed and accounts emptied.
“I want Scot to know that I am not going to roll over. I mean business,” Mrs Young said.
“Last week he told Scarlet he would buy her a Rolls-Royce Phantom for her 17th birthday. He said he was on the verge of a deal involving Bill Clinton that would make him one of the richest men in the world.
“It is bewildering for the girls. He asked one of them last week to come to live with him in his new luxury apartment, which doesn't exactly chime with the idea that he has lost everything. In truth, we simply don't know how he has been living for the past three years.”
She also revealed he told her he had lost all his money in a doomed £2 billion shopping development in Russia dubbed Project Moscow -- “but I simply didn't believe him”. She later found evidence of his wealth on a laptop, she claimed.
Scot Young, who claims he is penniless after losing his vast fortune, faces jail if he cannot account for the missing money at a hearing today.
Speaking before the case, his estranged wife Michelle told how Mr Young used to shower her with expensive gifts, spent £1 million a year on clothes for himself and bought a new luxury car every six weeks.
The property tycoon, 48, owned some of England's finest houses and a yacht in Monaco and travelled the world on Concorde or private jet.
Mr Young, who is close friends with Topshop boss Sir Philip Green and billionaire oligarch Boris Berezovsky, told an earlier court hearing he has lost every penny of his former wealth and was given until today to produce documents.
But Mrs Young warned she is determined to prove he is hiding some of his fortune and has hired a team of experts to gather evidence.
The former model, 45, said she used to get her weekly food shopping delivered from Harrods to the £21 million Oxfordshire mansion where the family lived until the marriage broke down in 2006.
Mrs Young said: “There was really no limit to what I could spend. I could have anything I wanted. I never had fewer than three luxury cars, including a Hummer just to take my dogs to the vet.”
Once, she said, her husband bought her a Range Rover filled with tens of thousands of pounds worth of couture dresses by designer Maria Grachvogel.
For her 40th birthday, he lavished her with £1 million worth of Graff diamond jewellery. For Christmas he bought her a Damian Hirst sketch.
The couple filled their home with £4 million of antique furniture and their two daughters, Scarlet, now 16, and Sasha, 14, had Arabian horses to ride on their 200-acre estate.
She added: “He wasn't one for throwing glitzy parties, but he was extravagant and generous.
“He loved Dolce & Gabbana clothes and every time their new collection came out he would buy it all, spending around a £1million a year on clothes for himself.
“Every time he pulled off a deal he bought a fabulously expensive watch – he must have had more than 200. He had countless luxury cars, sometimes buying a new one every six weeks.”
These days Mrs Young shops at Morrisons and she and her two daughters face eviction from their rented London home after their property was repossessed and accounts emptied.
“I want Scot to know that I am not going to roll over. I mean business,” Mrs Young said.
“Last week he told Scarlet he would buy her a Rolls-Royce Phantom for her 17th birthday. He said he was on the verge of a deal involving Bill Clinton that would make him one of the richest men in the world.
“It is bewildering for the girls. He asked one of them last week to come to live with him in his new luxury apartment, which doesn't exactly chime with the idea that he has lost everything. In truth, we simply don't know how he has been living for the past three years.”
She also revealed he told her he had lost all his money in a doomed £2 billion shopping development in Russia dubbed Project Moscow -- “but I simply didn't believe him”. She later found evidence of his wealth on a laptop, she claimed.
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