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Showing posts with label world's richest people 2010 list. Show all posts
Showing posts with label world's richest people 2010 list. Show all posts

Wednesday, March 31, 2010

Time To Go FRENCH

The average French worker puts in 41 hours a week, against the legal 35 hours week; the average executive or engineer puts in 49 hours a week. It is not just that they work long; they are efficient too.

The French have the second highest level of productivity among OECD countries, next only to the US. Even they have amongst the world’s best education and healthcare system, said Jérôme Bonnafont, French ambassador to India.

France is maligned for strikes; but 80% of them in the public sector. The number of days lost to strikes in the private sector is 3.7 a year against 6 in US.

France is an attractive destination for investment from all over the world; it gets more than any other country except the US. In 2009, it received € 65 billion of foreign investment.

France is independent in industry and technology. It created its own railway system; its TGVs are amongst the best in the world, and it created an entire nuclear power system for itself. This is an achievement and a matter of pride.

The scope and opportunities of doing business with France is very high. “Our company is looking at possible acquisitions in France to acquire new technology. We are actually on the verge of signing a deal”, said Nishant Arya, Executive Director of JBM Group. The laws are different in France but the judicial system is easily accessible there.

Friday, March 12, 2010

New sheriff in town - Carlos Slim

Carlos Slim

The Forbes billionaire list has been released charting the world's richest people 2010 list. Mexican telecom tycoon Carlos Slim Helu topped the list, with $53.5 billion, $500 million ahead of long-time list topper Microsoft founder Bill Gates, who ranked second. Legendary investor Warren Buffet was third with $47 billion.

On the World's Richest People 2009 list, Carlos Slim Helu was in the third place, after Bill Gates and Warren Buffett. Carlos Slim Helu has various telecom holdings. Over the past 12 months, his net worth increased by $18.5 billion as the shares of America Movil rose 35% in one year.

This dramatic increase knocked Bill Gates off his nearly 14 years reign as the world's richest man. Bill Gates' asset also increased by $13 billion as Microsoft's shares rose by 50% over the year.


Investor Warren Buffett saw an increase of $10 billion in net worth in 2010. He now ranks the 3rd on the world's richest people list.

The biggest loser in the world this year was Mukesh Ambani's younger brother Anil Ambani, who lost $32 billion - 76 percent of his fortune - as shares of his Reliance Communications, Reliance Power and Reliance Capital all collapsed, Forbes said on its website. He was last year's biggest gainer.

The Worlds Billionaire's Rank List

  1. Carlos Slim Helu .......(53.5)
  2. William Gates III........(53.0)
  3. Warren Buffett ...........(47.0)
  4. Mukesh Ambani..........(29.0)
  5. Lakshmi Mittal.............(28.7)
  6. Lawrence Ellison........(28.0)
  7. Bernard Arnault..........(27.5)
  8. Eike Batista................(27.0)
  9. Amancio Ortega........(25.0)
  10. Karl Albercht..............(23.5)
* all amounts are in $ billion