The Forbes top 10 world’s richest billionaires of 2011

The Forbes rich list for 2011 features a record-breaking 1,200 billionaires and a record combined net worth of $4.5 trillion (to put that in perspective: the amount is a full $2 trillion more than Bloginity’s net worth. Topping the Forbes list is Carlos Slim Helu of Mexico, a telecom mogul worth $74 billion.

Facebook co-founder and Chief Executive Mark Zuckerberg clocked in at No. 52 with an estimated worth of $13.5 billion, up from 212 and $4 billion in 2010.

Co-founders Dustin Moskovitz, the youngest billionaire on the Forbes list at 26, Eduardo Saverin, and investors Sean Parker and Russian Yuri Milner are new to the ranks. Rounding out Forbes’ “Facebook Six” is investor Peter Thiel, who has moved down to 833 from 828, despite increasing his wealth to $1.5 billion from $1.2 billion.

New York City Mayor Michael Bloomberg, 69, fell to 30th from 23rd with $18.1 billion. The mayor is founder and majority owner of Bloomberg News parent Bloomberg LP.

1. Carlos Slim Helu (Mexico / telecom): U.S. $ 74 billion
2. Bill Gates (USA / Microsoft): U.S. $ 56 billion
3. Warren Buffet (USA / county Hathaway): U.S. $ 50 billion
4. Bernard Arnault (France / LVMH): U.S. $ 41 billion
5. Larry Ellison (USA / Oracle): U.S. $ 39.5 billion
6. Lakshmi Mittal (India / Steel): U.S. $ 31.1 billion
7. Amancio Ortea (Spain / Zara): U.S. $ 31 billion
8. Eike Batista (Brazil / Mine): U.S. $ 30 billion
9. Mukesh Ambani (India / Petrochemicals, lubricator and gas): U.S. $ 27 billion
10. Christy author & Family (USA / Walmart): U.S. $ 26.5 billion.

Managing to gain spots in the overall top 20 Billionaires are:

11. Li Ka-Shing
12. Karl Albrecht
13. Stefan Persson
14. Vladmir Lisin
15. Lilian Bettencourt
16. Sheldon Adelson
17. David Thomson
18. Charles Koch
19. David Koch
20. Jim Walton

The Top 10 Billionaires in the World

1-carlos-slim-helu.jpgChris Goodney/Bloomberg via Getty Images

No. 1 Carlos Slim Helú & family

Net Worth: $74 billion ?
Source: Telecom
Citizenship: Mexico

The world’s richest person for a second year in a row, the Mexican telecom mogul is also the year’s biggest gainer, having added $20.5 billion to his fortune and widened the gap between him and No. 2, Microsoft cofounder Bill Gates, to $18 billion. A 19% rise in the Mexican stock market, a stronger peso, and successful mining and real estate spinoffs from conglomerate Grupo Carso all contributed to the astonishing increase. He also merged his fixed-line telecom company into America Movil, Latin America’s largest wireless carrier; the Slim family stake in that holding accounts for 62% of his net worth. He has other holdings in retailer Saks and the New York Times. Recently unveiled a new building for his Soumaya Museum, which houses his vast art collection. It is open to the public for free.

Slim, 71, first showed a business talent as a 10-year-old selling drinks and snacks to his family. After studying engineering, he founded a real estate company and worked as a trader on the Mexican stock exchange. Cigar-smoking Slim is known for a “Midas touch” in acquiring struggling firms and turning them into cash cows.

His enormous wealth contrasts starkly with his frugal lifestyle. He has lived in the same house for about 40 years and drives an aging Mercedes Benz, although it is armored and trailed by bodyguards.

He has become involved in combating poverty, illiteracy and poor healthcare in Latin America and promotes sports projects for the poor, but has never voiced plans to give away large chunks of his wealth to charity

2-bill-gates.jpgJin Lee/Bloomberg via Getty Images

No. 2 Bill Gates

Net Worth: $56 billion ?
Source: Microsoft
Citizenship: U.S.

Microsoft mogul, futurist and America’s richest person has, with help from billionaire buddy Warren Buffett, convinced nearly 60 of the world’s wealthiest to sign his “Giving Pledge,” promising to donate the majority of their wealth to charity either during their lifetime or after death. He is no longer the planet’s richest person, but that’s because he’s given away $30 billion to his foundation. The Gates Foundation, the world’s most influential charity, tackles tuberculosis and polio and funds famine-resistant crops to fight hunger. He is calling for a higher sense of urgency in AIDS vaccine development and also pushing for better tools to rate teacher performance. Gates holds 70% of his wealth in investment fund Cascade, dabbling in everything from autos to hedge funds to Mexican Coke bottler Femsa; the rest of his wealth is held in Microsoft stock.

Slim, 71, first showed a business talent as a 10-year-old selling drinks and snacks to his family. After studying engineering, he founded a real estate company and worked as a trader on the Mexican stock exchange. Cigar-smoking Slim is known for a “Midas touch” in acquiring struggling firms and turning them into cash cows.

His enormous wealth contrasts starkly with his frugal lifestyle. He has lived in the same house for about 40 years and drives an aging Mercedes Benz, although it is armored and trailed by bodyguards.

He has become involved in combating poverty, illiteracy and poor healthcare in Latin America and promotes sports projects for the poor, but has never voiced plans to give away large chunks of his wealth to charity

3-warren-buffett.jpgJemal Countess/Getty Images

No. 3 Warren Buffett

Net Worth: $50 billion ?
Source: Berkshire Hathaway
Citizenship: U.S.

The venerable investor’s Berkshire Hathaway climbed more than 15% over the last year, adding $3 billion to his fortune. The 80-year-old is still hunting big deals:  “Our elephant gun has been reloaded, and my trigger finger is itchy.” Along with bridge partner Bill Gates, the Oracle of Omaha is coaxing America’s richest to pledge half their fortunes to charity. “Too often a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse and long-standing friends.” Buffett faked breathing problems when he was 12 so he could move back to Omaha from Washington, D.C., where his father was a freshman congressman. He had read every book about investing in stocks in the Omaha Public Library by the time he was 12. He met value investor Benjamin Graham at Columbia; bought textile firm Berkshire Hathaway in 1965, and transformed it into massive holding company: food, insurance, utilities, industrials. Buffett acquired railroad giant Burlington Northern Santa Fe for $26 billion in 2009.

In 2006 he pledged to give away 99 percent of his wealth to the Bill and Melinda Gates Foundation and family charities. So far he has given $8 billion to the Gates Foundation.

4-bernard-arnault.jpgEric Piermont/AFP/Getty Image

No. 4 Bernard Arnault

Net Worth: $41 billion ?
Source: LVMH
Citizenship: France

The Lord of Luxe easily retains title of richest European. Fortune surged by $13.5 billion as shares of his luxury goods outfit, LVMH, rose by more than half over the past year thanks to strong demand for luxuries like Dom Perignon champagne, Cognac Hennessy, Tag Heuer watches and Louis Vuitton accessories, particularly in Asian markets like Shanghai and Ho Chi Minh City. The group acquired 20% of Hermes last year; Arnault insists he is a friendly shareholder but Hermes sees it as hostile. In March the Bulgari family transferred its majority holding in its brand to LVMH in exchange for LVMH shares and board seats. LVMH fired Christian Dior designer John Galliano after he apparently made anti-Semitic remarks. Renaissance man also owns yacht builder Royal Van Lent, a hotel in Courchevel; has stakes in French retailer Carrefour and French tour operator Go Voyages.

After pushing out shareholder rivals when he started building the LVMH group in the 1990s with the Louis Vuitton, Moet and Hennessy brands, it is now the world’s biggest luxury goods group. His image as a predator stuck to him afterward when he fought in vain to acquire Gucci in 1999 and 2000. Then this week he snapped up Roman jeweler Bulgari for $5.18 billion.

5-larry-ellison.jpgZUMA Press/Newscom

No. 5 Larry Ellison

Net Worth: $39.5 billion ?
Source: Oracle
Citizenship: U.S.

The Oracle chief sits atop a fortune that is $11.5 billion bigger than last year thanks to a 30% jump in the software company’s shares. In November Oracle won a mud-slinging copyright infringement court battle against German software rival SAP worth $1.3 billion. SAP is contesting the outcome. Oracle has acquired 75 companies over the years worth $40 billion, and figured out a way to turn a profit on its latest big buy, Sun Microsystems, in 2010. One of the highest-paid executives in the U.S., Ellison reaped $960 million in compensation in the past five fiscal years, mostly from exercising stock options; he recently cut his salary to $1. An avid yachtsman, Ellison spent a decade and over $100 million on his quest for the America’s Cup, which he finally won in February 2010, beating Swiss rival (and billionaire) Ernesto Bertarelli. He is bringing the America’s Cup to San Francisco in 2013. Intends to give 95% of wealth to charity.

6-lakshmi-mittal.jpgLefteris Pitarakis/AP Photo

No. 6 Lakshmi Mittal

Net Worth: $31.1 billion ?
Source: Steel
Citizenship: India

Net profits at his ArcelorMittal, world’s largest steelmaker, were up 18-fold to $2.9 billion in 2010 due to recovery in steel demand and higher margins. Group spun off its stainless steel unit into Aperam, a new listed company, and also acquired Canadian miner Baffinland Iron Mines. Funding a 377-foot sculpture called ArcelorMittal Orbit in London’s Olympic Park for the 2012 Olympics. Europe’s richest resident who lives in London, he bought Alderbrook Park, a 340-acre country estate outside of the city, where he plans to build an eco-friendly country mansion for a reported $40 million. Daughter Vanisha acquired stake in Roc Capital Management, a New York hedge fund. Daughter-in-law Megha owns German fashion house Escada.

7-amancio-ortega.jpgCabalar/EFE/Newscom

No. 7 Amancio Ortega
Net Worth: $31 billion ?
Source: Zara
Citizenship: Spain

Amancio Ortega stepped down as chairman of Inditex, the $15.8 billion (sales) fashion company, 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.

8-Eike-Batista.jpgNewscom

No. 8 Eike Batista

Net Worth: $30 billion ?
Source: Mining, oil
Citizenship: Brazil

Brazil’s richest man 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 Slim Helú that he’ll soon take his spot as the world’s richest man, but he still has a ways to go.

9-mukesh-ambani.jpgRajanish Kakade/AP Photo

No. 9 Mukesh Ambani

Net Worth: $27 billion ?
Source: Petrochemicals
Citizenship: India

His oil and gas conglomerate Reliance Industries, India’s most valuable company, just forged a partnership with BP, selling 30% stake in 23 oil blocks in India for $7.2 billion and forming a marketing joint venture. The deal is being touted as one of biggest foreign investments in India. He’s also betting on shale gas, having bought stakes in three American energy firms for $3.3 billion last year. He and wife Nita host parties at their recently completed 27-story sky palace in Mumbai, but have yet to move in permanently.

10-christy-walton.jpgL. Matthew Bowler

No. 10 Christy Walton & family

Net Worth: $26.5 billion ?
Source: Wal-Mart
Citizenship: U.S.

Widow of John Walton inherited her wealth after the former Green Beret and Vietnam War medic died in an airplane accident near his home in Wyoming in 2005. Now world’s richest woman, she got an extra bump in her fortune because of her late husband’s early investment in First Solar; shares up nearly 500% since 2006 initial public offering. But 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. Today Wal-Mart has sales of $405 billion, and employs more than 2.1 million people. The philanthropist supports museums, education and organic gardening

Asia’s Billionaires

The richest person from Asia, Lakshmi Mittal, 60, chief executive officer of the world’s largest steelmaker, ArcelorMittal, fell to sixth from fifth as his net worth increased $2.4 billion to $31.1 billion.

Robin Li, 42, the richest person in China excluding Hong Kong, rose to 95th from 258th in 2010 as his net worth jumped $5.9 billion to $9.4 billion. Li is the chief executive officer of Internet search site Baidu Inc. Li Ka-shing, 82, remains the richest person in Hong Kong with $26 billion, up $5 billion from 2010 and was 11th overall. Li’s companies have interests in shipping, energy, telecommunications and retail.

Chung Mong Koo, 72, chairman of Seoul-based Hyundai Motor Co., jumped 87 spots to 162nd, with $6 billion. Chung is the second wealthiest person in South Korea behind Lee Kun Hee, 69, chairman of Seoul-based Samsung Electronics Co., who was 105th with $8.6 billion.

Vladimir Lisin, 54, the richest person in Russia, rose to 14th place from 32nd in 2010 as his net worth increased $8.2 billion to $24 billion. Lisin owns OAO Novolipetsk Steel, based in Lipetsk, Russia.

Comments

  1. Nice post. I learn one thing more difficult on different blogs everyday. It should at all times be stimulating to read content material from different writers and follow just a little something from their store. I’d favor to use some with the content material on my blog whether or not you don’t mind. Natually I’ll provide you with a hyperlink in your net blog. Thanks for sharing.

  2. Si Bill Gates sana ang pinakayaman kung hinde sya ng donate ng malaking halaga sa kanyang Bill Gates Foundation.

  3. Ironically, half of them come from the poor country

  4. -thumbsup-

  5. If i have 10 milion dolers i now what can i do to go first.

  6. Half the souls of the world were held down by Nazi and the other half by communists, which half are these?

  7. At the end of the day,..it’s all about YOU and GOD, richness,wealth what ever you call it can’t do nothing…if your time is over…So why keep it,….we must share it,…feels so great if someone tells you that i’m a better now because of you..what a fulfilling job….

  8. luvliegh reyna says:

    pls help me copy this…. for my assignment

  9. Are they happy with the riches they possess? I agree, they must share those in a way or another.

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