Top 10 Richest People

We all are aware that as many as 50 Indians, including Arcelor-Mittal chairman Lakshmi N Mittal, the Ambani brothers, and Azim Premji, figure in the latest Forbes list of world's billionaires.

The Top 10 richest people include 2 of the very well renowned Indians. Mentioned below is a list of the people who are creating the noise and are idols for the youth:

1. Carlos Slim: Net Worth $74 billion
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 co-founder Bill Gates, to $18 billion.
Slim's America Movil SAB is the biggest mobile-phone company in the Americas, with 225 million wireless subscribers.

2. Bill Gates: Net worth $56 billion
The co-founder of the world's largest software company Microsoft and co-chairman of the Bill & Melinda Gates Foundation is worth $56 billion.
He and his wife, Melinda Gates, co-chair and trustee, Bill & Melinda Gates Foundation, have for long been working on various philanthropic causes and spent billions of dollars all around the world, including in India.
Gates is not on top of the list because he has donated $30 billion to his charity organisation.
Gates has also 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.

3. Warren Buffett: Net worth $50 billion
Warren Buffett, chairman of Berkshire Hathaway is worth $50 billion. He has already pledged to give 99 % of his wealth away in various fields of art, literature etc.
Well known for his wise investment decisions, the 79-year-old Buffett is the chairman of conglomerate Berkshire Hathaway that has invested in diverse companies.

4. Bernard Arnault: Net worth $41 billion
Bernard Arnault, the richest European, is the founder and chairman of luxury goods outfit, LVMH. His wealth increased by $13.5 billion as shares of his company rose by more than half over the past year.
LVMH bought 20 per cent of Hermes last year; Arnault insists he is a friendly shareholder but Hermes sees it as hostile.

5. Larry Ellison: Net worth $39.5 billion
Larry Ellision, 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. He is one of the few people who intends to give 95% of his money to charity.
The company invested spent $25 billion in just three years to acquire several companies and large and small software manufacturers.

6. Lakshmi Mittal: Net worth $31.1 billion
Net profits at L N Mittal's Arcelor Mittal are up 18-fold to $2.9 billion in 2010 due to recovery in steel demand and higher margins.
Mittal is the chairman and CEO of Arcelor Mittal, the world's biggest steel maker, while his son Aditya is the CEO. Daughter-in-law Megha owns German fashion house Escada. Daughter Varsha Mittal is married to a banker.

7. Amancio Ortega: Net worth $31 billion
Amancio Ortega is a Spanish fashion entrepreneur ranked as the 7th richest man in the world with $31 billion worth of wealth.
In 1975, he opened a store called Zara, which later grew to enormous scale as one of the most well known fashion chains of the world

8. Eike Batista: Net worth $30 billion
Eike Batista, a Brazilian mining and oil tycoon, is at number 8 with $30 billion.
Through his holding company, EBX, Batista controls businesses spanning mining, shipbuilding, energy, logistics, tourism and entertainment.

9. Mukesh Ambani: Net worth $27 billion
Reliance Industries chairman Mukesh Ambani is the 9th richest man in the world. He owns a 27 storeyed house in Mumbai which is worth an approximate of $ 2 billion.
Chief of oil and gas conglomerate Reliance Industries, India's most valuable company, recently signed a deal with BP, selling 30 per cent stake in 23 oil blocks in India for $7.2 billion and forming a marketing joint venture.

10. Christy Walton (Widow of John Walton) : Net worth $26.5 billion
Christy Walton, the widow of John Walton, inherited her wealth from her husband after he died in an airplane accident in Wyoming 2005.
Her fortune increased because of her late husband's early investments in a solar energy company.
Walton, is an active member in social issues & supports museums, education and organic gardening.

Source: http://www.rediff.com/business

The Top five tech guru’s in the world!!!

The recent Forbes Magazine showed the list of Top tech Guru's of the world, Let us take a look at them:

1.Bill Gates

Bill (William Henry) Gates, chairman and co-founder of Microsoft, with a net worth of 54 billion dollars is also believed to be the second richest man according to the Forbes.

2.Larry Ellison

Born to an unwed Jewish woman, Larry Ellison is the co-founder and CEO of Oracle Corporation. Oracle is the world's leading supplier of software for information management, and the world's second largest software company.

3.Sergey Brin

Sergey Brin, the co-founder of Google, was born in Moscow. Google today runs over one million servers in data centers across the world, and processes over one billion search requests every day. His net worth is estimated at $15 billion.

4.Larry Page

Larry Page, Google's other co-founder, was born into a Jewish family in Michigan. His net worth is estimated at $15 billion. The world's No.1 search engine, Google has seen an impressive growth in these 12 years with profit to the tune of $6.520 billion and total assets of $40.497 billion.

5.Michael Dell

Michael Dell, the founder of Dell Inc, one of the world's most successful IT companies.. His net worth is estimated at $14 billion. Dell became an entrepreneur at a very young age of 12, made his first $1,000 by selling stamps, and later sold newspaper subscriptions for Houston Post, making enough money to buy a BMW at 16.


Source: Rediff

The Innovation Secrets of Steve Jobs!

Steve Jobs is one of those entrepreneurs who seem universally either loved, but not many will argue with his ability to innovate in the technology product arena over the years.

He was instrumental in creating Apple, which has pioneered a dazzling array of new products, and recently surpassed Microsoft, to become the world’s most valuable technology company. Carmine Gallo, in a new book titled “The Innovation Secrets of Steve Jobs’ outlines Jobs insanely different principles for breakthrough success. In this book he lays down eight principles of innovation which every entrepreneur in this world should follow for guaranteed success.

Eight Innovation Secrets from Steve Jobs which every entrepreneur should know:
1.Do what you love
2.Put a Dent in the universe
3.Kick Start your brain
4.Sell dreams, not products
5.Say no to 1000 things
6.Create insanely great experiences
7.Master the message
8.See yourself as the brand
This book would help not only the entrepreneur’s but everyone who wishes to be innovative in their endeavors.

What Billionaires Do On Their Summer Vacations!!?

If you had all the money in the world, where would spend your summer?

The answer, at least for Kelcy Warren, is Colorado. In April the pipeline magnate and billionaire bought the BootJack Ranch in the San Juan Mountains, shelling out $46.5 million for 3,500 acres of lake-speckled property nestled in a valley near Pagosa Springs. With gorgeous views, fly fishing, a 1,500-bottle wine cellar and an annual music festival, it might be hard to choose the best part of the new digs.

"My favorite feature of the ranch is the one God created--the pristine beauty of the valley, the river and the surrounding mountains," says Warren, who once spent summers working on his father's pipeline before cofounding natural gas pipeline Energy Transfer Partners ( ETP - news - people ). "I look forward to watching my 7-year-old son enjoy the natural beauty and the wildlife of this area that I never had the opportunity to enjoy as a child."

After cutting back on getaways in the recession, it seems the purpose of vacations has changed for some of the wealthiest travelers says Troy Haas, CEO of luxury travel advisors Brownell Travel. He says that the market for affluent travel is strong again, but clients are planning trips that focus family, culture and philanthropy. "It's not bling. It's not status and consciousness," says Haas. "It's anti-status. It doesn't look good to be conspicuously consuming."

A prime example: famed director Steven Spielberg, who ditched Hollywood to explore the culture of rural Ireland. Last summer Spielberg and his wife journeyed through the Irish Burren region on a group tour led by poet David Whyte. Irish storytellers and philosophers visited the party in the small quaint town of Ballyvaughan, which local hotel-owner George Quinn calls an "unspoiled village."

Microsoft ( MSFT - news - people ) founder Bill Gates stayed with his family in Skradin, a small coastal Croatian town of 3,800. A representative for the town's travel board said Gates enjoyed walking through the streets, visiting local restaurants and seeing Krka National Park, home to the beautiful Stradinski Buk waterfall.

One destination to have escaped last year's travel pull back was Africa, according to an ITB World Travel Trends report that showed a 4% increase in tourist arrivals for the region during the first eight months of 2009. Haisley Smith, director of marketing for Brownell Travel, says luxury safaris in Africa continue to attract affluent travelers seeking wildlife adventure and the comfort of a lavish resort.

"These are not your back yard boy scouts camps," Smith says of the five-star, chandelier-adorned African resorts for ultra-wealthy vacationers.

Technology billionaire Tom Siebel ventured to the Serengeti for a safari last year. In a frightening turn of events, though, an elephant attacked Siebel and his guide.

Siebel suffered multiple broken ribs, a gored leg and a severely fractured right leg that left him needing reconstructive surgery. He is still undergoing treatment.

Several billionaire stick to traditional (and safer) vacation spots like the Hamptons, Aspen and the Caribbean.

Yachting titans like Larry Ellison and Roman Abramovich are known to frequent the Bitter End Yacht Club on Virgin Gorda, where the sea vessels keep getting a few feet bigger every year, according to John A. Glynn, vice president of North American sales.

A short boat ride away is Richard Branson's respite Necker Island, but the Virgin chief found another way to spice up island life. The speedboat-, spaceship- and hot air balloon-traveler debuted his newest toy in April: a submarine. The so called Necker Nymph fits two plus a pilot and flies underwater. Weekly rental: $25,000.

Source: Forbes