(Yusef Salim Haddad), a Lebanese Maronite Christian, who as a teenager fled to Mexico in 1902, escaping the harsh military rule of the Ottoman Turks. His father and two of his older brothers arrived at the Mexican port of Tampico, making their way to Mexico City.
In 1911, Julian established a dry goods store called La Estrella del Oriente and took a gamble and bought up some prime real estate in the city core - a shrewd move, as it turned out.
Slim Haddad married Linda Helu, daughter of another prosperous Lebanese merchant, and had six children. Carlos Slim Helu was the fifth of the six children. Carlos credits his father as his mentor in business, retailing and finance. Julian Slim Haddad died in 1952, leaving his family a moderately prosperous economic base from which Carlos launched his successful financial career
Buffett picked GEICO after noticing Graham was a director and had a large position in it. Never one to buy a stock on a whim, Buffett visited GEICO's head office on a weekend to investigate further.
He knocked until someone opened the door, he was led to the future president of GEICO. Buffett introduced himself as Graham's student and was given a crash course on the insurance business and what gave GEICO an enduring advantage over their competitors. Buffett was exposed to the economics of selling direct, the wonderful float GEICO produces, its low combined ratio and the likes.
World's # 4 Richest Man
Mukesh Ambani is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector company and a Fortune 500 Company. His personal stake in Reliance Industries is 48%. His wealth is US$ 43 billion as of March 2007, making him the world's 5th richest person and the second richest person in India. Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani.
Fortune Business Country Status
$29 Billion Manufacturing India Married . 3 Children
Mukesh holds a Bachelor of Chemical Engineering from the University of Mumbai Department of Chemical Technology (UDCT), which is now known as University of Mumbai, Institute of Chemical Technology (UICT). He began the MBA program at Stanford Business School, but failed to finish. He dropped out after his first year in order assist in father's ongoing efforts to build the Patalganga petrochemical plant..
Mukesh Ambani has set up the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited. Covering more than 1,100 towns and cities across India, Reliance Infocomm offers the full range of voice, data, video and value added services, on the strength of 80,000 kilometers of optic fibre-based terabit infrastructure, at the lowest entry cost and services cost anywhere in the world. However, Reliance Infocom now is under ADAG (Anil Dhirubhai Ambani Group) post the brothers' split
World's # 5 Richest Man
Lakshmi Narayan Mittal (also known as Lakshmi Niwas Mittal) is a billionaire industrialist, born on 15 June 1950 in Sadulpur, in Churu district of Rajasthan, India, and currently residing in Kensington Palace Gardens, London, UK. He is currently the 5th richest man in the world according to Forbes Rich List, with a worth of $28.7 billion, and is the richest person in Britain. Lakshmi Mittal is also the richest man in the world who does not reside in the U.S. or carry U.S. Citizenship. He is a Citizen of India.
Fortune Business Country Status
$28.7 Billion Steel manufacturing India Married . 2 Children
He is chairman and CEO of the Mittal Steel Company NV, which is the world's largest producer of steel. He was the Fortune European Businessman of the Year for 2004. In 2002 he was embroiled in a political scandal dubbed Mittalgate with British Prime Minister Tony Blair when it was felt that a donation Mittal had made to the United Kingdom Labour Party had led to Blair's intervention (a letter to the Romanian prime minister) in a business deal favouring Mittal. On July 13, 2005 it was announced that he had donated £2 million to the Labour Party.
He is the wealthiest person in Britain according to the Sunday Times Rich List 2005. His residence in Kensington, bought in 2003 for £70 million ($128 million) from Formula One car racing boss Bernie Ecclestone, is the most expensive house ever purchased. It is situated in an area known as Billionaire's Row, which is too exclusive for just millionaires. Many people know this residence as the "Taj Mittal". He paid over $60 million to host his daughter's wedding celebration in Versailles in 2004. It is now the most expensive wedding in the world
World's # 6 Richest Man
Lawrence Joseph Ellison (born August 17, 1944) is the co-founder and CEO of Oracle Corporation, a major database software firm. Ellison was born in New York City to Florence Spellman, a 19-year-old unwed mother who later placed her nine-month old son for adoption to her distant relatives. Lillian and Louis Ellison took him into their home, a two-bedroom apartment located in a modest lower middle class Jewish neighborhood in South Chicago.
Fortune Business Country Status
$28Billion Software U.S.A Married . 2 Children
Ellison recalled to an interviewer that he had a warm and loving mother opposite to an austere and unsupportive father. At South Shore High School, he was a bright but inattentive student. At 15, he began a long-term relationship that lasted for five years and ended sorely - depending on whom is asked, he unsuccessfully proposed marriage either once or twice. He lasted until the end of his sophomore year at University of Illinois Urbana-Champaign but dropped out following Lillian's death. After a summer in Northen California, he returned home to study at the University of Chicago but left after one quarter. Ending his attempts to finish college, he set out for California
In 1990, Oracle laid off 10 percent of the work force because of the mismatch between cash and revenues. The crisis which almost caused Oracle's bankruptcy came about because of the tactics used by Oracle's sales force. The salespeople subscribed to an 'up-front' sales strategy, in which they tried to incent customers to buy the biggest amounts of software all at once. However, the customers were delivered software that didn't work and promised "vapor ware" that didn't exist. Oracle had to restate earnings twice due to these tactics and the company would later settle class-action lawsuits that had been filed because of its flawed financial statements. Larry
Ellison would later say his company made "an incredible business mistake.
World's # 7 Richest Man
Bernard Arnault (born 5 March 1949) is a French businessman.
He is the 7th richest person in the world in March 2010 with a net worth of $27.5 billion US dollars, according to Forbes.
A native of Roubaix, Arnault owns 51% of LVMH (Louis Vuitton Moët Hennessy), which is also partly owned by Christian Dior. Arnault is the Chairman and CEO of both companies. He also owns Phillips, de Pury & Luxembourg, an art auction house.
Fortune Business Country Status
$27.5 Billions Varied France Married 5 Children
As of March 2007, Arnault owns a 47.5% majority[2] of LVMH (Moët Hennessy Louis Vuitton), along with Christian Dior SA. Arnault is the Chairman and CEO of both companies.
His daughter Delphine Arnault is actively involved in the management of LVMH.
Arnault also owned the art auction house Phillips de Pury & Company from 1999 to 2003
World's # 8 Richest Man
Eike Batista (born 1957 in Brazil) is the son of the former Brazilian mining minister. He has vowed to become the world's richest man and may well become just that having added $19.5 billion to his wealth in a single year!
He began his assault on dominating the world's rich list by trading in gold and mining before moving on to resources and other services.
Fortune Business Country Status
$27. Billions Mining/Oli Brazil Divorced 2 Children
Two-thirds of his fortune comes from relatively new source, OGX, the oil-and-gas exploration company he founded in 2007 and took public a year later.
H was a onetime champion offshore powerboat racer and was formerly married to a former Playboy cover girl, Luma de Oliveira.
Batista provided significant financing to Rio de Janeiro's Olympic committee, thereby helping the city win its bid for 2016 Olympic Games.
World's # 9 Richest Man
Karl Hans Albrecht (born 1920 in Essen, Germany) is a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo.
His 6,500-store Aldi chain began as a single grocery in the Ruhr Valley run until the end of WWII by their mother. The formula: Customers would rather scuttle fancy decor and services in exchange for lower prices.
Fortune Business Country Status
$27. Billions Retailing Germany Married,2 Children
Despite a flagging retail sector, Aldi's total sales in 2002 reached $49 billion - still just a fifth the size of Wal-Mart's sales. The arrangement had Karl manage the southern, more profitable half of Germany, while younger Theo minded the north. Karl has since retired, leaving the company in the hands of nonfamily members. (His two children do not work at Aldi.) Both brothers fiercely guard their privacy, though now and again information emerges. Word is Karl raises orchids and enjoys a round of golf on his own 27-hole course.
He served in the German Army during World War II.
World's # 10 Richest Man
Amancio Ortega Gaona (born March 28, 1936, Spain) is a fashion entrepreneur, Spain's richest man and in 2010 the 9th richest man in the world (Forbes) and the founder, with his then-wife Rosalia Mera, and chairman of the Inditex Group. He currently lives with his second wife in a discreet apartment building in the centre of A Coruña (Corunna).
Ortega arrived at La Coruña, Galicia, at age 14, due to the job of his father, railway worker.
Starting as a gofer in various shirt stores in A Coruña, Galicia, in 1963 he founded Confecciones Goa (his initials in reverse), which made bathrobes.
Fortune Business Country Status
$25. Billions Apparel Spain Married,3 Children
In 1975 he opened the first store in what would grow into the enormously popular chain of fashion stores called Zara. He is the majority shareholder of the Inditex group (Industrias de Diseño Textil Sociedad Anónima) which includes the brands Zara, Massimo Dutti, Oysho, Zara Home, Kiddy's Class, Tempe, Stradivarius, Pull and Bear/Often and Bershka and has more than 14,000 employees.
Ortega keeps a very low profile and there are practically no photographs of him (except from one photo published at the Inditex website). He refuses to wear a tie, and likes to dress in blue jeans. He is said to take a very active part in the production and design process in the company.