Carlos Slim Helu & family
[pic] Net Worth $73 B As of March 2013
At a Glance
• Honorary Chairman, América Móvil • Age: 73 • Source of Wealth: telecom, self-made • Country of Citizenship: Mexico • Education: Bachelor of Arts / Science, Universidad Nacional Autonoma de Mexico • Marital Status: Widowed • Children: 6
Profile Top of Form Bottom of Form CarLos Slim Helu is the world's richest man for the fourth year in a row. He clocks in at $4 billion more than a year ago, thanks to surging stock prices at his financial arm, Grupo Financiero Inbursa, and at his Grupo Carso industrial and retail giant. Pan-Latin American mobile telecom outfit America Movil remains his most valuable holding at $36.3 billion; the company spread its wings to Europe in the past year, buying pieces of Dutch telecom company KPN and Telekom Austria. Other listed companies focus on mining, real estate and infrastructure.
Slim does not hold an executive position at any of the companies he controls, but remains engaged and advises on strategy. He put his sons, Carlos, Marco Antonio and Patrick, in charge of the industrial, finance and telecom companies he controls.In September America Movil bought stakes in two Mexican professional soccer teams; in November Slim bought a majority of struggling Spanish soccer team Real Oviedo. Early 2013 saw a surge in Slim's philanthropic activity.
The Carlos Slim Foundation pledged to translate into Spanish 1,000 videos from the Khan Academy education nonprofit website. Slim also hosted Bill Gates in late February; the two men announced they are funding research to improve farmers' yields and reduce hunger. Bill Gates
[pic] Net Worth $67 B As of March 2013
At a Glance
• Co-Chair, Bill & Melinda Gates Foundation • Age: 57 • Source of Wealth: Microsoft, self-made • Residence: Medina, WA • Country of Citizenship: United States • Education: Drop Out, Harvard University • Marital Status: Married • Children: 3
Profile Bill Gates, the world's most generous person, says that as long as he helps eradicate deadly diseases like polio and malaria, he doesn't care if he's forgotten after his death. Not that there's any chance of that: Gates has already given more than $28 billion, but said in his fifth annual letter for the Bill & Melinda Gates Foundation that the total amount invested is less important than precise measures of impact, like child mortality rates.
Gates has been spreading his gospel to other billionaires near and far: he and good friend Warren Buffett recently added 12 non-Americans to their Giving Pledge, including the U.K.'s Richard Branson and India's Azim Premji, bumping the total to 105 high net worth individuals. He also partnered with Carlos Slim to build a new $25 million agricultural research center in Mexico. Gates' net worth increased $6 billion to $67 billion in the past year - with no help from the company he cofounded, Microsoft, in which he still has a 5% stock.
Most of his fortune these days is spread across private equity, bonds, and stocks like hygiene tech firm Ecolab, Mexican TV broadcaster Televisa, and Latin America's largest beverage company FEMSA. In February, Gates said the only thing left on his bucket list was, "Don't die."
Amancio Ortega [pic] Net Worth $57 B As of March 2013
At a Glance
• Age: 76 • Source of Wealth: Zara, self-made • Country of Citizenship: Spain • Marital Status: Married • Children: 3
Profile Spain's Amancio Ortega is the year's biggest gainer, up $19.5 billion. He moves into the top three among the world's richest for the first time. He stepped down as chairman of Inditex, best known for its Zara brand, in 2011, but still owns nearly 60% of its shares, which soared 50% year-over-year on record profits. Ortega also has a real estate portfolio, much of it acquired at bargain prices during the financial downturn, estimated to be worth more than $4 billion. Among his properties: the iconic Torre Picasso, a 43-story skyscraper in Madrid (Google is a tenant), which he purchased from billionaire Esther Koplowitz in 2011.
He also owns buildings in Madrid, London, Chicago, San Francisco and New York. A railway worker's son, he started as a gofer in a shirt store. With then-wife Rosalia Mera, also a billionaire, he started making dressing gowns and lingerie in their living room. In December 2012, Spanish media reported that Ortega paid half a million dollars to prevent paparazzi from publishing photos of his daughter Marta and her equestrian husband Sergio Alvarez on their honeymoon in Cambodia and Australia. Marta, who works for Inditex, is reportedly expecting a baby boy.
Warren Buffett [pic] Net Worth $53.5 B As of March 2013
At a Glance
• CEO, Berkshire Hathaway • Age: 82 • Source of Wealth: Berkshire Hathaway, self-made • Residence: Omaha, NE • Country of Citizenship: United States • Education: Master of Science, Columbia University; Bachelor of Arts / Science, University of Nebraska Lincoln • Marital Status: Widowed, Remarried • Children: 3
Profile Warren Buffett struck again in February, announcing a deal with Brazilian billionaire Jorge Paulo Lemann's 3G Capital to snap up iconic ketchup producer H.J. Heinz Co. for $23.2 billion. It wasn't the only deal for Buffett's Berkshire Hathaway lately. In November 2012 Berkshire acquired Omaha-based party supplier Oriental Trading Co. and in December 2012 the company purchased $1.2 billion of its own stock from "the estate of a longtime shareholder."
Buffett completed radiation treatment for prostate cancer last summer, five months after he notified Berkshire Hathaway shareholders of his condition, assuring them that it was "not remotely life-threatening." Still, he has gotten his house in order: In December 2011 he chose his farmer son, Howard, as the future non-executive chairman and "guardian of the firm's values." In February 2012 he said he'd picked his CEO replacement but has declined to give a name. Buffett has also been busy expanding his philanthropy.
He gave $1.5 billion to the Gates Foundation in July 2012, bringing his lifetime giving to nearly $17.3 billion. On his birthday in August 2012 Buffett pledged $3 billion of stock to his children's foundations. After studying under Benjamin Graham at Columbia Business School, Buffett offered to work for his former professor's investment partnership, Graham-Newman Corporation, for free. According to Buffett, "he turned me down as overvalued." It was only after several years of "pestering" that the father of value investing agreed to take on the younger man in 1954.
When Graham retired two years later, Buffett returned to Nebraska to launch his own partnership. In 1962 Buffett began buying up shares of a struggling textile company called Berkshire Hathaway. Though Buffett has called Berkshire "the dumbest stock" he ever bought, the firm has long since shed its textile assets and today serves as Buffett's famed investment vehicle.
[pic] Net Worth $43 B As of March 2013
At a Glance
• CEO, Oracle • Age: 68 • Source of Wealth: Oracle, self-made • Residence: Woodside, CA • Country of Citizenship: United States • Education: Drop Out, University of Chicago; Drop Out, University of Illinois at Urbana • Marital Status: Divorced • Children: 2
Profile In the past year, Larry Ellison, America's third richest man, has been on a real estate buying spree. In June, he bought 98% of the Hawaiian island of Lanai from David Murdock. That purchase, for a reported $500 million or more, gave Ellison almost all of the 141-square mile island, including two resort hotels and a housing development. Adding to his real estate purchases, Ellison has also been active in the Los Angeles mansion market, purchasing two Malibu homes in October and January for a combined $55 million. Ellison can afford all of it, too. As of February, his shares of Oracle are up more than 20% year-over-year.
Most recently, Ellison, long an admirer of NBA basketball franchises, was rumored to be exploring a deal to purchase the Sacramento Kings to prevent them from moving to Seattle. Ellison's other passion, yachting, will make its way into San Francisco this year as the 2013 America's Cup race lands in the city.
Ellison, who signed on to the Gates-Buffett Giving Pledge in 2010, has thus far donated $445 million, mostly via Oracle stock, to his Ellison Medical Foundation, which supports research on aging and age-related diseases. His latest gift to the foundation was 1.6 million shares of Oracle--worth $45 million--in April 2012.