Carlos Slim is once again the world’s richest person, followed by Bill Gates. Amancio Ortega of Spanish retailer Zara moves up to No. 3 for the first time. He is the year’s biggest gainer, adding $19.5 billion to his fortune in one year. He moves ahead of Warren Buffett, despite the fact that the U.S. investing legend added $9.5 billion to his fortune.
This is the first year since 2000 that Buffett has not been among the top 3. The year’s biggest loser is Brazilian Eike Batista, whose fortune dropped by $19.4 billion, or equivalent to about $50 million a day. His rank falls from no. 7 to no. 100 in the world.
Ingvar Kamprad, the owner of IKEA is one of the 10 richest man in the world.
His wealth is estimated at around 50 to 90 billion US Dollars.
What are we all doing huh? We should be selling furniture like Ingvar does.
Mark is worth US$17.5 billion. He earns about US$710,000 everyday (S$ 1 million a day) compared to a Singaporean who earns an average of S$70 a day.
Yet Mark is not the richest man in the world.
Carlos Slim of Mexico is still the richest with a net worth of US$69 billion. In second place is Bill Gates ( US$61 billion) and third is Warren Buffet ( US$44 billion).
Li Ka-Shing is 9th richest man with US$25.5
Marina Bay Sands owner Sheldon Adelson is the 14th richest with a wealth of US$25 billion.
Slim, 70, took the top spot for the first time, pushing Microsoft founder Bill Gates out as he rose from third place on the success of America Movil, Latin America's biggest mobile phone operator.
This was the first time since 1994 that a non-US citizen took the spot. Click here for more.
Forbes magazine has updated its list of billionaries. Here are some of the tech stars.... March 6, 2008 11:27 PM Bill Gates is probably chuffed: he never liked being the world's richest man, and now he's down to third place behind his friend Warren Buffett and Mexican telecom tycoon Carlos Slim Helú, according to Forbes magazine Click here to continue
Lance Shaner "Creating Value in Life and Business" solidified a $200 million partnership with Rothschild Investments (Five Arrows Realty), and will complete construction of fifteen new Marriott hotels by 2010. Based in State College Lance Shaner Inspires Students: Entrepreneurial Spirit is Key to Success
STATE COLLEGE, PA (April 28, 2008) - Shaner Hotels announced that Lance T. Shaner, Chairman and Chief Executive Officer, delivered the ninth annual Cutco Foundation Lecture on Entrepreneurial Leadership on Tuesday, April 15, 2008 at Alfred University.
Lance Shaner's lecture, entitled "Creating Value in Life and Business," highlighted the principal values he adhered to while creating a business empire which now includes one of the largest privately-held hotel companies in the U.S., and the management of approximately $1 billion in assets.
A graduate of Alfred University and native of New York, Lance Shaner and Shaner Hotels now operate a total of 23 properties in 15 states. Throughout Lance Shaner's career in business, he has worked in finance and venture capital, focusing on contract negotiations and acquisitions.
"I decided that perseverance and a commitment to educate myself in finance, investing and capital was the only way I was going to move forward with my dream of owning my own company," said Lance Shaner.
Shaner Hotels recently solidified a $200 million partnership with Rothschild Investments (Five Arrows Realty), and will complete construction of fifteen new Marriott hotels by 2010. Based in State College, PA, the Shaner companies include Shaner Solutions, providing comprehensive accounting, payroll and tax services to all Shaner properties and affiliated companies. Mr. Shaner is also Chairman of Rex Energy, an oil and gas company, which became the publicly-traded Rex Energy Corporation (NASDAQ: REXX) in 2007.
"A leader must have an ability and willingness to carefully assess national trends to be able to make an educated decision as to what future demands and what one's specific business will look like in five to ten years down the road," said Lance Shaner. "Risk taking is encouraged -- and rewarded."
Mr. Shaner also emphasized that success in business requires courage, vision, determination and a willingness to take risks, just as success in life does, but that this is only made possible through the support, love and respect of one's friends and family. These core values in life and business create a "win-win game" for the shareholders, associates, family and society collectively.
"What this means is creating balance in your priorities and decision making...to recognize what is a fair and equitable transaction with some benefit to all parties concerned."
This balance, Shaner said, can only come about by demonstrating fairness and compassion -- not just through the funding of charitable causes, but by seeing the value in the potential of individuals and wanting to make a difference in the lives of others.
Privately-held Shaner, parent company of Shaner Hotels, is based in State College, PA. It owns and manages diverse holdings in the lodging, investment, energy and professional services sectors. For more information, visit us online at: www.ShanerCorp.com (more) (less)
