RANK | NAME | CITIZENSHIP | AGE | NET WORTH ($BIL) | RESIDENCE |
1 | William Gates III | United States | 53 | 40.0 | United States |
2 | Warren Buffett | United States | 78 | 37.0 | United States |
3 | Carlos Slim Helu & family | | 69 | 35.0 | Mexico |
4 | | United States | 64 | 22.5 | United States |
5 | | | 83 | 22.0 | Switzerland |
6 | Karl Albrecht | Germany | 89 | 21.5 | Germany |
7 | | India | 51 | 19.5 | India |
8 | | India | 58 | 19.3 | |
9 | Theo Albrecht | Germany | 87 | 18.8 | Germany |
10 | Amancio Ortega | | 73 | 18.3 | Spain |
1. William Gates III
Net Worth : $40.0 bil
Fortune : self made
Source :
Age : 53
Country Of Citizenship : United States
Residence : Medina, Washington
Industry : Software
Education : Harvard University, Drop Out,
Marital Status : married, 3 children
Software visionary regains title as the world’s richest man despite losing $18 billion in the past 12 months. Stepped down from day-to-day duties at Microsoft last summer to devote his talents and riches to the Bill & Melinda Gates Foundation. Organization’s assets were $30 billion in January; annual letter lauds endowment manager
2. Warren Buffett
Net Worth : $37.0 bil
Fortune : self made
Source : Berkshire Hathaway
Age : 78
Country Of Citizenship : United States
Residence : Omaha, Nebraska
Industry : Investments
Education : University of Nebraska Lincoln, Bachelor of Arts / Science, Columbia University, Master of Science
Marital Status : widowed, remarried, 3 children
Last year America’s most beloved investor was the world’s richest man. This year he has to settle for second place after losing $25 billion in 12 months. Shares of Berkshire Hathaway down 45% since last March. Injected billions of dollars into
3. Carlos Slim Helu & family
Net Worth :$35.0 bil
Fortune : self made
Source : telecom
Age : 69
Country Of Citizenship : Mexico
Residence : Mexico City
Industry : Telecommunications
Education : NA,
Marital Status : widowed, 6 children
Economic downturn and plunging peso shaved $25 billion from the fortune of Latin America’s richest man.
4. Lawrence Ellison
Net Worth : $22.5 bil
Fortune : self made
Source : Oracle
Age : 64
Country Of Citizenship : United States
Residence : Redwood City,
Industry : Software
Education : University of Illinois, Drop Out,
Marital Status : married, 2 children
Database titan continues to engulf the competition; Oracle has racked up 49 acquisitions in the past 4 years. Bought BEA Systems for $8.5 billion last year. Still sitting on $7 billion in cash. Revenues up 11% to $10.9 billion in the six months ended November 30; profits also up 11% to $2.4 billion. Stock down 25% in past 12 months. Invested $125 million in Web software outfit Netsuite; took public in 2007, stock has fallen 80% since. His shares still worth $300 million. Chicago native studied physics at U. of Chicago, didn’t graduate. Started Oracle in 1977. Public 1986, a day before Microsoft. Owns 453-foot Rising Sun; built a smaller leisure boat because superyacht is hard to park. Squabbling in court with Swiss boating billionaire Ernesto Bertarelli over terms of next America’s Cup. Recently unveiled hulking 90-foot trimaran he intends to use to win it.
5. Ingvar Kamprad & family
Net Worth : $22.0 bil
Fortune : self made
Source :
Age : 83
Country Of Citizenship : Sweden
Residence :
Industry : Retail
Education : NA,
Marital Status : married, 4 children
Peddled matches, fish, pens, Christmas cards and other items by bicycle as a teenager. Started selling furniture in 1947. Opened first Ikea store 50 years ago; stores’s name is a combination of initials of his first and last name, his family farm and the nearest village. Retired in 1986; company’s “senior adviser” still reportedly works tirelessly on his brand. Discount retailer now sells 9,500 items in 36 countries; prints catalog in 27 languages. Revenues up 7% to $27.4 billion in fiscal year 2008. Opened tenth store in China this February; planning to open first in
6. Karl Albrecht
Net Worth : $21.5 bil
Fortune : self made
Source : Aldi
Age : 89
Country Of Citizenship : Germany
Residence : Mulheim an der
Industry : Retail
Education : NA,
Marital Status:married, 2 children Germany’s richest person owns discount supermarket giant Aldi Sud. Retailer faring well amid economic downturn; analysts expect its 2008 sales to be up 9.4% to $33.7 billion. Sales in the U.S. up estimated 20% last year to $7 billion. Plans to open 75 U.S. stores in 2009, including first in New York City. With younger brother, Theo, transformed their mother’s corner grocery store into Aldi after World War II. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got northern Germany and the rest of Europe. Retired from daily operations. Fiercely private: little known about him other than that he apparently raises orchids and plays golf.
7.
Net Worth : $19.5 bil
Fortune : inherited and growing
Source : petrochemicals
Age : 51
Country Of Citizenship : India
Residence :
Industry : Manufacturing
Education : University of
Marital Status : married, 3 children
Oversees Reliance Industries, India’s most valuable company by market cap despite stock falling 40% in past year. Merging his
8.
Net Worth : $19.3 bil
Fortune : inherited and growing
Source : steel
Age : 58
Country Of Citizenship : India
Residence :
Industry : Steel
Education : St Xavier’s College
Marital Status : married, 2 children
Indian immigrant heads world’s largest steel company; ArcelorMittal was formed via hostile takeover 3 years ago. Stock in company makes up bulk of his fortune; shares at a 4-year low with steel prices down 75% since last summer. Company forced to pay heavy fines after a French antitrust investigation found 10 companies guilty of price-fixing in European steel markets. Arcelor posted $2.6 billion loss in most recent quarter; announced plans to slow acquisitions, cut capital expenditures, pay down debt. Started in family steel business in the 1970s, branched out on his own in 1994. Initially bought up steel mills on the cheap in Eastern Europe. Company bought 19.9% stake in Australia’s Macarthur Coal last year. Also owns pieces of Mumbai’s Indiabulls Group, London’s RAB Capital; owns stake in, sits on board of Goldman Sachs. Holds substantial cash; owns 12-bedroom mansion in London’s posh
9. Theo Albrecht
Net Worth : $18.8 bil
Fortune : self made
Source : Aldi, Trader Joe’s
Age : 87
Country Of Citizenship : Germany
Residence : Foehr
Industry : Retail
Education : NA,
Marital Status : married, 2 children
Runs discount supermarket group Aldi Nord; firm holding up amid economic downturn. Sales expected to hit $31 billion in 2008. After
10. Amancio Ortega
Net Worth : $18.3 bil
Fortune : self made
Source : Zara
Age : 73
Country Of Citizenship :
Residence : La Coruna
Industry : Retail
Education : NA,
Marital Status : married, 3 children
Railway worker’s son started as a gofer in a shirt store. With then-wife Rosalia Mera, also now a billionaire, started making dressing gowns and lingerie in their living room. Business became one of world’s most successful apparel manufacturers. Today Inditex has more than 4,000 stores in 71 countries. Sales: $12.3 billion. Ortega is chairman. Company exported its cheap chic Zara stores to 4 new markets last year:
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