| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : International Last Updated: Mar 12, 2010 - 6:57:47 AM


Mexican tops world's rich list as billionaires from emerging markets grow; O'Brien is Ireland's richest man - - O'Reilly no longer a billionaire
By Finfacts Team
Mar 11, 2010 - 2:33:34 AM

Email this article
 Printer friendly page

Mexican telco billionaire Carlos Slim has topped Forbes magazine's world's rich list as billionaires from emerging markets grow and an American has not occupied the top ranking for the first time since 1994. Denis O'Brien is Ireland's top billionaire and Sir Anthony O'Reilly has been dropped from the list.

Slim's wealth rose by $18.5bn in 2009, beating runner-ups Microsoft co-founder Bill Gates ($53bn), last year's No. 1 into second place, with US investor Warren Buffet, chairman of Berkshire Hathaway ($43bn) third. 

The annual ranking of the World's Billionaires, have an average net worth of $3.5bn, up $500m in 12 months. The world has 1,011 10-figure titans, up from 793 a year ago but still shy of the record 1,125 in 2008. Of those billionaires on last year's list, only 12% saw their fortunes decline. US billionaires still dominate the ranks -- but their grip is slipping. Americans account for 40% of the world's billionaires, down from 45% a year ago and the US commands 38% of the collective $3.6 trillion net worth of the world's richest, down from 44% a year ago.

Forbes says of the 97 new members of the list, only 16% are from the US. By contrast, Asia made big gains, adding 104 and now has just 14 fewer than Europe, thanks to several large public offerings and swelling stock markets.

The magazine says the new billionaires include American Isaac Perlmutter, who sold Marvel Entertainment to Disney for $4bn last December. The Spider-Man mogul netted nearly $900m in cash and 20 million shares of Disney in the transaction. Also new to the ranking: 27 billionaires from China, including Li Shufu, whose carmaker, Geely, announced plans to buy Swedish brand Volvo from Ford in December. The deal is expected to close in March 2010.

Finland and Pakistan both welcomed their first billionaires.

For the first time China (including Hong Kong) has the most billionaires outside the US with 89.

Russia has 62 billionaires, 28 of them returnees who had fallen off last year's list amid a meltdown in commodities. Total returnees to the list this year: 164.

Denis O'Brien's net worth is put at $3.5bn and Sean Quinn's wealth is estimated at $2.3bn despite losses of over $1.5bn from transactions in Anglo Irish Bank shares.

258 Denis O'Brien Ireland 51 3.5 Ireland
400 John Dorrance III Ireland 66 2.4 Ireland
421 Sean Quinn & family Ireland 63 2.3 Ireland
616 Dermot Desmond Ireland 59 1.6 Ireland
655 Martin Naughton Ireland 70 1.5 Ireland

The number of billionaires has soared this year, and CNBC's Larry Kudlow and Forbes National Editor Quentin Hardy take a look at which billionaires top the list:

Related Articles


© Copyright 2009 by Finfacts.com

Top of Page

International
Latest Headlines
Friday Newspaper Review - Irish Business News and International Stories - - September 10, 2010
Markets News Afternoon: State borrowing costs fall; US company Schering-Plough to cut 160 jobs
Markets News Thursday: Ireland sells short-term bonds worth €400m
Thursday Newspaper Review - Irish Business News and International Stories - - September 09, 2010
Markets News Afternoon: Moody's Investors Service today upgraded the bank financial strength rating of Bank of Ireland
Markets News Wednesday: Hewlett-Packard suing to block former CEO from joining rival Oracle
Wednesday Newspaper Review - Irish Business News and International Stories - - September 08, 2010
Markets News Afternoon: German factory orders fell in July; Shares slide in Dublin
Markets News Tuesday: Aer Lingus says August passenger numbers fell; Elan directors in court row; Fired HP boss Hurd joins Oracle
Tuesday Newspaper Review - Irish Business News and International Stories - - September 07, 2010
Jailed Russian oil tycoon claims Kremlin pressure forced Big 4 accounting firm PwC to adjust audits
Markets News Afternoon: Lenihan discusses future of Anglo Irish Bank in Brussels; Homebond says 149 new Irish home starts were registered in August
Markets News Monday: Bank for International Settlements says cross-border bank lending in Q1 2010 rose for the first time since the collapse of US investment bank Lehman Brothers
Monday Newspaper Review - Irish Business News and International Stories - - September 06, 2010
Markets News Friday: Fyffes reports fall in profits for the first six months of the year
Friday Newspaper Review - Irish Business News and International Stories - - September 03, 2010
Markets News Thursday: ECB expected to keep emergency bank support measures in place into 2011; Total Produce reports 5.5% rise in H1 2010 pre-tax profits
Thursday Newspaper Review - Irish Business News and International Stories - - September 02, 2010
Wednesday Newspaper Review - Irish Business News and International Stories - - September 01, 2010
Markets News Tuesday: Eircom to address debt problem of  €3.5bn; German jobless numbers falls for 14th straight month
Tuesday Newspaper Review - Irish Business News and International Stories - - August 31, 2010
Markets News Monday: Bank of Japan expands special low-interest lending facility at emergency meeting
Monday Newspaper Review - Irish Business News and International Stories - - August 30, 2010
Markets News Friday: Independent News & Media reports H1 2010 profit up 39%; Irish Continental gains from Iceland's volcanic eruption
Friday Newspaper Review - Irish Business News and International Stories - - August 27, 2010
Markets News Thursday: Diageo reports 8% drop in Irish sales; Guinness sales fell 5%
Thursday Newspaper Review - Irish Business News and International Stories - - August 26, 2010
Markets News Wednesday: FBD says 8 years of revenue contraction will end in 2010; Tullow Oil reports profit trebled to $89m in H1 2010
US SEC charges Spanish executives of Banco Santander with insider trading; Claims $1.1m in illegal profits made from BHP-Potash bid
Wednesday Newspaper Review - Irish Business News and International Stories - - August 25, 2010
Markets News Tuesday: Aer Lingus expects to break-even in 2010; CRH shares plunge in Dublin; US dollar dips to 15-year low against yen
Tuesday Newspaper Review - Irish Business News and International Stories - - August 24, 2010
Markets News Friday: Hewlett-Packard and Dell report strong quarterly earnings
Friday Newspaper Review - Irish Business News and International Stories - - August 20, 2010
Intel to buy security software company McAfee for $7.68bn
Markets News Thursday: UK retail sales rise in July; German producer prices up 3.7% in year to July
Thursday Newspaper Review - Irish Business News and International Stories - - August 19, 2010
Markets News Wednesday: Elan hit by Eli Lilly's termination of Alzheimer drug trials; APN News & Media reports lower HI 2010 figures than expected
Wednesday Newspaper Review - Irish Business News and International Stories - - August 18, 2010
Tuesday Newspaper Review - Irish Business News and International Stories - - August 17, 2010