Top 10 Richest person in the world 2011 – 2012|World News
1. Carlos Slim Helu
Net worth: $74 bil
Company: Telecom
Slim's fortune has swelled to an estimated $53.5 billion, up $18.5 billion in 12 months. Shares of America Movil, of which Slim owns a $23 billion stake, were up 35% in a year.That massive hoard of scratch puts him ahead of Microsoft cofounder Bill Gates, who had held the title of world's richest 14 of the past 15 years .
2.William Gates III
Net worth: $56 bil
Company: Microsoft
is an American business magnate, philanthropist, author, and is chairman of Microsoft, the software company he founded with Paul Allen. He is consistently ranked among the world's wealthiest people and was the wealthiest overall from 1995 to 2009, excluding 2008, when he was ranked third.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. Gates, now worth $53 billion, is ranked second in the world. He is up $13 billion from a year ago as shares of Microsoft rose 50% in 12 months. Gates' holdings in his personal investment vehicle Cascade also soared with the rest of the markets.
3. Warren Buffet
Net worth: $50 bil
Company: Berkshire Hathaway
Buffett's fortune jumped $10 billion to $47 billion on rising shares of Berkshire Hathaway . The Oracle of Omaha shrewdly invested $5 billion in Goldman Sachs and $3 billion in General Electricamid the 2008 market collapse. He also recently acquired railroad giant Burlington Northern Santa Fe ( BNI news ) people for $26 billion.
4. Bernard Arnault
Net worth: $41.5 bil
Company: LVMH
The Lord of Luxe easily retains title of richest European. Fortune surged by $13.5 billion as shares of his luxury good 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.
5. Lawrence Ellison
Net Worth:$39.5 bil
Company: Oracle
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.
6. Lakshmi Mittal
Net worth: $31.1 bil
Company: Steel
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 Kensington neighborhood.
7.Amancio Ortega
Net worth: $31 bil
Company: ZARA
Amancio Ortega stepped down as chairman of Inditex, the $15.8 billion (sales) fashion firm 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.
8. Eike Batista
Net worth: $30 bil
Company: Mining, Oil
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.
Net worth: $27.5 bil
Company: Oil, Gas
is an Indian business magnate is the current chairman and managing director of Reliance Industries,[4] the largest private sector enterprise in India, a Fortune 500 company,[5] and one of the largest private sector conglomerates in the world. His personal stake in Reliance Industries is 48%
10. Christy Walton and Family
Company: Walmart
Net worth: $26.5 bil
The 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 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.
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