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The 10 Richest People in the world

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									The 10 Richest People In The World

               2011
        1 – Carlos Slim Helu & Family




  The world’s richest person for a second year in a row, the Mexican telecom mogul is also the year’s biggest gainer,
   having added $20.5 billion to his fortune and widened the gap between him and No. 2, Microsoft cofounder Bill
Gates, to $18 billion. A 19% rise in the Mexican stock market, a stronger peso, and successful mining and real estate
 spinoffs from conglomerate Grupo Carso all contributed to the astonishing increase. He also merged his fixed-line
 telecom company into America Movil, Latin America's largest wireless carrier; the Slim family stake in that holding
accounts for 62% of his net worth. He has other holdings in retailer Saks and the New York Times. Recently unveiled
    a new building for his Soumaya Museum, which houses his vast art collection. It is open to the public for free.
        2 – Bill Gates




    Microsoft mogul, futurist and America's richest person has, with help from billionaire buddy Warren Buffett,
convinced nearly 60 of the world's wealthiest to sign his "Giving Pledge," promising to donate the majority of their
  wealth to charity either during their lifetime or after death. He is no longer the planet's richest person, but that's
  because he's given away $30 billion to his foundation. The Gates Foundation, the world's most influential charity,
  tackles tuberculosis and polio and funds famine-resistant crops to fight hunger. He is calling for a higher sense of
  urgency in AIDS vaccine development and also pushing for better tools to rate teacher performance. Gates holds
 70% of his wealth in investment fund Cascade, dabbling in everything from autos to hedge funds to Mexican Coke
                            bottler Femsa; the rest of his wealth is held in Microsoft stock.
       3 – Warren Buffett




  The venerable investor's Berkshire Hathaway climbed more than 15% over the last year adding $3 billion to his
 fortune. The 80-year-old is still hunting big deals: "Our elephant gun has been reloaded, and my trigger finger is
itchy." Along with bridge partner Bill Gates, the Oracle of Omaha is coaxing America's richest to pledge half their
                                                 fortunes to charity.
         4 – Bernard Arnault




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. The group acquired 20% of Hermes last year; Arnault insists he is a friendly
shareholder but Hermes sees it as hostile. In March the Bulgari family transferred its majority holding in its brand to
  LVMH in exchange for LVMH shares and board seats. LVMH fired Christian Dior designer John Galliano after he
     apparently made anti-semitic remarks. Renaissance man also owns yacht builder Royal Van Lent, a hotel in
             Courchevel; has stakes in French retailer Carrefour and French tour operator Go Voyages.
         5 – Larry Ellison




 The Oracle chief sits atop a fortune that is $11.5 billion bigger than last year thanks to a 30% jump in the software
company's shares. One of the highest-paid executives in the U.S., Ellison reaped $960 million in compensation in the
            past five fiscal years, mostly from exercising stock options; he recently cut his salary to $1.
        6 – Lakshmi Mittal




Net profits at his ArcelorMittal, world's largest steelmaker, were up 18-fold to $2.9 billion in 2010 due to recovery
 in steel demand and higher margins. Group spun off its stainless steel unit into Aperam, a new listed company, and
  also acquired Canadian miner Baffinland Iron Mines. Funding a 377-foot sculpture called ArcelorMittal Orbit in
      London's Olympic Park for the 2012 Olympics. Europe’s richest resident who lives in London, he bought
   Alderbrook Park, a 340-acre country estate outside of the city, where he plans to build an eco-friendly country
mansion for a reported $40 million. Daughter Vanisha acquired stake in Roc Capital Management, a New York hedge
                         fund. Daughter-in-law Megha owns German fashion house Escada.
         7 – Amancio Ortega




 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. Ortega also owns properties
 in Florida, Madrid, London and Lisbon, a horse-jumping circuit, a stake in a soccer league; and has interests in gas,
  tourism and banks. Railway worker's son, he started as a gofer in a shirt store. With then-wife Rosalia Mera, also a
      billionaire, started making dressing gowns and lingerie in living room. Daughter Marta works for Inditex.
         8 – Eike Batista




 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.
        9 – Mukesh Ambani




His oil and gas conglomerate Reliance Industries, India's most valuable company, just forged a partnership with BP,
selling 30% stake in 23 oil blocks in India for $7.2 billion and forming a marketing joint venture. The deal is being
 touted as one of biggest foreign investments in India. He's also betting on shale gas, having bought stakes in three
American energy firms for $3.3 billion last year. He and wife Nita host parties at their recently completed 27-story
                            sky palace in Mumbai, but have yet to move in permanently.
         10 – Christy Walton & Family




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.
THE END

								
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