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Posts Tagged ‘Forbes’

The Youngest Billionaires On The Forbes 400: 11 Under 40

Posted by Ram Kumar Shrestha on January 16, 2015

By Natalie Robehmed:

NatalieEach year, Forbes crunches the net worth of every American billionaire to see who will make the exclusive Forbes 400 list. But 11 members of this club are luckier than the rest: they are in good health, have full heads of hair and many, many years to spend their fortunes.

This year there are 11 American billionaires under the age of 40 on the list.  The youngest member of the Forbes 400 is 30-year-old Facebook cofounder Dustin Moskovitz, who has been the most junior person on the Forbes 400 since making his debut in 2010. He lost bragging rights as country’s youngest billionaire this summer when Snapchat raised money valuing the photo sharing app at $10 billion. Now Evan Spiegel, 24, holds that title but with a net worth of $1.5 billion, he just misses the cut for the Forbes 400.

DustinMoskovitz is just eight days younger than his former Harvard roommate, Mark Zuckerberg, who is the second-most-junior member of the list. The Facebook CEO is worth an estimated $34 billion, up from $19 billion last year, making him the year’s biggest dollar gainer. At just 30 years old, he is the 11th richest person in America – and the wealthiest under 40. Read the rest of this entry »

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Putin Named Most Powerful Person in World by Forbes

Posted by Ram Kumar Shrestha on October 31, 2013



Russian President Vladimir Putin was named the most powerful person on the planet by Forbes magazine Wednesday, knocking US President Barack Obama off the number one spot.

Forbes said that Putin, who ranked third last year, showed his dominance in diplomatic maneuvring during the international crisis over Syria, and the fate of fugitive US intelligence contractor Edward Snowden who was given asylum in Russia.

“Putin has solidified his control over Russia (“dictator” is no longer an outlandish word to ponder) and the global stage,” Forbes said.

The top spot has been given to Obama every year since Forbes began compiling the ranking in 2009, except in 2010 when Hu Jintao, the former Chinese leader, was deemed the most influential. Read the rest of this entry »

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Prince Alwaleed bin Talal insulted at only being No 26 on Forbes rich list

Posted by Ram Kumar Shrestha on March 6, 2013

Saudi Arabia businessman, one of the most influential in the Middle East, says he has been undervalued by $9.6bn


Prince Al-Waleed Bin Talal

Prince Alwaleed with his wife, Princess Amira al-Taweel. He wants a top-10 slot in Forbes’s rich list. Photograph: AFP/Getty Photograph: AFP/Getty Images

For most people, even featuring in the Forbes list of the world’s billionaires would be cause for celebration, but for Prince Alwaleed bin Talal of Saudi Arabia, appearing at number 26 with $20bn (£15bn) was an insult.

The prince, one of the most influential businessmen in the Middle East, insists the list undervalues him by $9.6bn. He has vowed to sever all ties with the group’s reporters and accused them of damaging US-Saudi relations.

In response, the editor of the influential list has written a stinging rebuke saying the prince considers a top-10 ranking one of his priorities, systematically exaggerates his wealth and spends more time and effort than any other businessman on attempts to boost his ranking – even more time and effort than Donald Trump. Read the rest of this entry »

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Binod Chaudhary – First Nepalese in Forbes’ Global Billionaires list

Posted by Ram Kumar Shrestha on March 5, 2013

Binod Chaudhary

First Global billionaire from the country of the Buddha and the Mt. Everest

Binod Chaudhary has become the first Nepali to be enrolled in Forbes’ global billionaires list, with net worth said to be at US$1 billion.

Fifty-seven-year-old Chaudhary, who skipped college to join family business at the age of 18, is listed as 1,342nd richest person in the world and has been termed as the richest person in Nepal by Forbes, an American business magazine which publishes billionaires’ list every year.

Chaudhary shares his global billionaire ranking with 84 other individuals who have also been ranked 1,342nd richest people on the Earth.

In a twitter update, Chaudhary said it was a “rare honor and recognition for a non-Indian South Asian”

This is what the magazine writes under the title Himalayan Vistas

Binod Chaudhary took business to the limits in old Nepal. He argues its new Maoist-led regime should mean a wider berth.

At the foothills of the Himalayas lies the world’s newest republic and, potentially, a tourists’ paradise. But a decade-long civil war by Maoist rebels, a troubled monarchy and ineffective governments have stunted Nepal’s economic growth to the point of stagnation. The aftermath is visible to any visitor to Kathmandu, the capital. Cars and motorbikes clog either side of the road to the airport, waiting to get their limited quota of gasoline from neighborhood stations. The wait can mean a day off from work just to tank up. Even as fuel got dearer–Nepal imports all its requirements from India–the outgoing Nepali Congress-led government dithered to the last in raising prices. Kathmandu’s residents have learned to live with much more deprivation than fuel rationing–four- to eight-hour power outages daily and an acute shortage of drinking water.

Now the Maoists have ousted Nepal’s unpopular king and are closing in on power through a coalition after grabbing a 30% popular-vote plurality in April elections. The new Constituent Assembly has already sent the creaky 240-year-old monarchy packing. Read the rest of this entry »

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Posted by Ram Kumar Shrestha on June 2, 2012

Fighter ... Gina Rinehart and daughter Ginia are on one side of a bitter family feud that the mining billionaire has repeatedly tried – and failed – to keep out of the media. Photo: Ron D’Raine

Fighter … Gina Rinehart and daughter Ginia are on one side of a bitter family feud that the mining billionaire has repeatedly tried – and failed – to keep out of the media. Photo: Ron D’Raine

Australian mining magnate Gina Rinehart is the world’s richest woman, parlaying a family fortune into vast wealth that may have put her on a trajectory to become the world’s richest person.

In a stunning feat for the intensely private businesswoman,BRW’s 2012 Rich 200 calculates that Rinehart has overtaken Walmart heiress Christy Walton to cement her place among the world’s wealthy elite.

According to the Rich 200, out on Thursday, Rinehart’s personal fortune has swelled to $29.17 billion, eclipsingWalton’s $US25.3 billion ($25.89 billion) net worth – as calculated by Forbes magazine – and knocking the American off a perch she has held for seven years.

All the more impressive, it was only a year ago that Rinehart catapulted herself to the top of Australia’s rich with a mining fortune of $10.3 billion, the first time an Australian’s wealth had ever been calculated at more than $10 billion.

Rinehart’s rise has her threatening the lower rungs of Forbes’ 10 richest people in the world and validates views among some that the Perth-born billionaire could one day challenge the likes of Mexico’s Carlos Slim Helu and Microsoft’s Bill Gates, who are valued at $US69 billion and $US61 billion respectively.

But the path to fabulous riches as not been easy.

When Rinehart, 58, famously told her father’s biographer that nothing would stand in the way of the House of Hancock, she was making the point that Hancock Prospecting was her destiny and anyone – or anything – that got in her way would do so at their peril.

Rinehart was 25 when she fired the warning shot. Read the rest of this entry »

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The World’s Most Powerful People

Posted by Ram Kumar Shrestha on February 29, 2012

FORBES magazine declared 70 most powerful persons. Some interesting facts:

Only 6 females (in 4, 11, 16, 22, 39 and 64 positions)

6 persons from US (1, 8, 16, 17, 18 and 50 positions)

5 persons from China (3, 14, 15, 29 and 69 positions)

Facebook founder Mark Zuckerberg in 9th position

In India opposition leader Sonia Gandhi in 11th position and the Prime Minister Manamohan Singh in 19th position

Russian Prime Minister in 3rd position whereas President Dmitry Medvedev in 59th position

British Prime Minister David Cameroon just below Mark Zuckerberg (in 10th position)

Very interesting Sonia Gandhi seems more powerful than European Central Bank president, French President, Chinese Premier,  Hillary Clinton, Italian Prime Minister, Brazilian President etc

Rank Name/Title Organization Age
1 Barack Obama

Barack Obama


United States of America 50
2 Vladimir Putin

Vladimir Putin

Prime Minister

Russia 59
3 Hu Jintao

Hu Jintao


People’s Republic of China 68
4 Angela Merkel

Angela Merkel


Germany 57
5 Bill Gates

Bill Gates


Bill & Melinda Gates Foundation 56
6 Abdullah bin Abdul Aziz al Saud

Abdullah bin Abdul Aziz al Saud


Saudi Arabia 87
7 Pope Benedict XVI

Pope Benedict XVI


Roman Catholic Church 84
8 Ben Bernanke

Ben Bernanke

Chairman of the Federal Reserve

United States of America 57
9 Mark Zuckerberg

Mark Zuckerberg


Facebook 27
10 David Cameron

David Cameron

Prime Minister

United Kingdom 45
11 Sonia Gandhi

Sonia Gandhi


Indian National Congress 64
12 Mario Draghi

Mario Draghi


European Central Bank 64
13 Nicolas Sarkozy

Nicolas Sarkozy


France 56
14 Wen Jiabao

Wen Jiabao


People’s Republic of China 69
15 Zhou Xiaochuan

Zhou Xiaochuan


People’s Bank of China 63
16 Hillary Clinton

Hillary Clinton

Secretary of State

United States of America 64

For details please click here

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Personality: Arianna Huffington

Posted by Ram Kumar Shrestha on January 21, 2012

Arianna Huffington (born Arianna StasinopoulosGreek July 15, 1950) is a Greek American author andsyndicated columnist. She is best known as co-founder of the news website The Huffington Post. A popular conservative commentator in the mid-1990s, she adopted more liberal political beliefs in the late 1990s.  She is the ex-wife of former Republican congressman Michael Huffington.

In 2003, she ran as an independent candidate for Governor in the California recall election.

In 2009, Huffington was named as number 12 in Forbes‘ first-ever list of the Most Influential Women In Media.  She has also moved up to number 42 in The Guardian‘s Top 100 in Media List.

On February 7, 2011, AOL announced it would acquire The Huffington Post for US$315 million and make Huffington president and editor in chief of The Huffington Post Media Group, which will include The Huffington Post and existing AOL properties such as EngadgetAOL MusicPatch Media, and StyleList.

Huffington was born Arianna Stasinopoúlou in Athens, Greece, the daughter of Konstantinos (a journalist and management consultant) and Elli (née Georgiadi) Stasinopoulos, and is the sister of Agapi (an author, speaker and performer). She moved to England at the age of 16, and studied economics at Girton CollegeCambridge where she was President of the Cambridge Union.

Read the rest of this entry »

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Billionaire Prokhorov to run for Russian president

Posted by Ram Kumar Shrestha on December 12, 2011

Mikhail Prokhorov, recently ousted from the leadership of the right-wing party Right Cause, has said he will run for the Russian presidency in March.

“I have made a decision. I am taking part in the presidential elections,” Prokhorov told a news conference in Moscow on Monday.

When reporters asked the businessman if he had discussed his decision with the Presidential administration, Prokhorov said he had not. He also said he had met with neither President Dmitry Medvedev nor Prime Minister Vladimir Putin to discuss the move.

Despite this, Prokhorov said he was confident the authorities would apply pressure to him or his business. . “We have a proverb in Russia that no one is guaranteed safe from misery or prison, but I am not afraid. I am not doing anything illegal, I am marching with an open visor and I am not afraid,” Prokhorov said. Read the rest of this entry »

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Forbes Most Powerful People List: Women Take Only 6 Out Of 70 Spots

Posted by Ram Kumar Shrestha on November 4, 2011


Yesterday, Forbes released its list of the world’s 70 Most Powerful People. You would think that such a list would be filled with fascinating people of both sexes. But Forbes could only think of six women to fill the ranks.

While many have commented on the fact that President Barack Obama took the top spot, Forbes‘ decision to honor just six women — that’s 8% of the world’s “70 who matter” — caught us off guard.

This stands in stark contrast to the Time 100 list for 2011, which includes 34 women (34% of the list for those keeping count).

In a separate list, Forbes ranks the world’s 100 Most Powerful Women. The vast majority of these women didn’t make the Most Powerful People list.

According to Forbes, the ranking takes into account four factors — the number of people a person has power over, the financial resources a person controls, the number of spheres of influence the person has, and how actively the person wields his or her power.

Are these criteria rigidly objective, or did other female leaders deserve to make Forbes‘ list?

Read the Article at HuffingtonPost

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China’s billionaire explosion

Posted by Ram Kumar Shrestha on September 5, 2011

By Matt Hodges

SHANGHAI – Cataloging Chinese billionaires gets harder by the year in this fast-changing country, where today’s financial

Russell Flannery says many of the new-generation Chinese tycoons boast diversified portfolios. Yong Kai / For China Daily

statement is increasingly made redundant by tomorrow’s initial public offering (IPO), said Shanghai-based Forbes Senior Editor Russell Flannery.

The World’s Billionaires list that Forbes published on March 10 – the eighth such list that Flannery has contributed to since he opened the company’s Shanghai bureau in 2003 – featured 115 people from the Chinese mainland, compared to 64 in the previous year.

The huge Chinese injection, as well as contributions from cities like Moscow, helped set a new precedent of 1,210 billionaires worldwide, with a total net worth of $4.5 trillion.

Part of this dramatic rise was due to China seeing more IPOs than any other country in the world in 2010, said Flannery.

He uses the example of the 12 new Chinese names on the list that got there by virtue of listing their companies on the Shenzhen Stock Exchange last year, one of China’s three bourses.

These 12 alone exceeded the total increase in new American billionaires (10) over the previous year. Nonetheless, US billionaires still outnumber their Chinese counterparts by more than 3:1 (413 versus 115).

The fact that Chinese companies are geared toward going global at such speed presents another problem: The list, which this year took Feb 14 (Valentine’s Day) as its cut-off date for compiling financial data, can be rendered inaccurate within as little as 24 hours.

Take Qiu Guanghe, chairman of Zhejiang Semir Garment, as a case in point. Read the rest of this entry »

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Bill Gates No Longer World’s Richest Man After Giving Away Billions

Posted by Ram Kumar Shrestha on March 8, 2011

This is almost retire time for him.
Read the Article at HuffingtonPost

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