Boxing LIVERPOOL fan Antony Fowler, 23, insists he will stay focused as he bids to claim the English ABA middleweight title in his home city on Sunday. Fowler is favourite to reach the 75kg final, taking place at the same time as The Reds look to seal the Premier League title against Chelsea at Anfield.
Football FORMER defender Sol Campbell believes Arsenal will be challengers next season if they buy a couple of players who can “frighten” the opposition.
Snooker ALI Carter rallied from 5-1 down to 5-3 going into today’s play in his Dafabet World Championship second-round clash with Mark Selby.
Were you in the crowd for Boro’s match at Reading? Check our online gallery and see if you can spot yourself – www.gazettelive.co.uk
Formula One MARUSSIA sporting director Graeme Lowdon feels Formula One stands on the brink of failure if it is unable to implement cost control. His agent said Woods will be back in action sometime this summer, though couldn’t be more precise.
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No portion of this article can be reproduced without the express written permission from the copyright holder.. All rights reserved.
Golf WORLD No 1 Tiger Woods is taking a long-term view of his return to action and is thinking about “the next 10 or 15 years, not the next 10 weeks”, according to his agent Mark Steinberg.
The 14-time major winner missed this month’s Masters for the first time in 20 years after undergoing surgery to correct a pinched nerve problem in his back. The first game is at 10.30am.
Copyright 2014 Gale, Cengage Learning. The 11 teams, along with FIA president Jean Todt and supremo Bernie Ecclestone, meet on May 1 to thrash out measures to prevent smaller marques from going to the wall.
Junior rugby ACKLAM host a lively day of junior rugby on Sunday, with matches at all levels involving several clubs from the area
PHOTO: Barcelona’s Lionel Messi from Argentina, right, and Betis’ Nacho Perez, left, vie for the ball during their La Liga soccer match at the Benito Villamarin stadium, in Seville, Spain on Sunday, Dec. 9, 2012
PHOTO: Barcelona’s Lionel Messi from Argentina, right, and Betis’ Nacho Perez, left, vie for the ball during their La Liga soccer match at the Benito Villamarin stadium, in Seville, Spain on Sunday, …
The vast majority of horses are using in farms and ranches — with smaller numbers for personal riding and show jumping. While Canada does permit farmers to immigration if they buy and run farms in certain provinces… Asia has almost no beef industry. Asians settled near exclusively on the west coast of North America. Almost no one from Asia grew up with horses — certainly now as a percentage of their overall population.. that is typically millions of dollars and few Asians have any experience running North American-style farms.
Look at demographic and immigration patterns in North America.
Main areas where horses are is in the mid-west and interior western states and provinces. If you look at the demographics and immigration patterns of these areas they are almost exclusively Caucasian — mostly settled a long time ago by British, German, Russian, Ukrainian, etc. North America is one of the few places which has large scale cattle ranching and farms still using horses. Today, immigration from Asia is almost exclusively highly skilled workers — doctors, engineers, nurses, specialized trades, etc. In the southern US — you can add large numbers of Hispanics. settlers. Further, extremely few went into farming and ranching. Such people are almost exclusively not from farms and have little or no interest in working on farms
General view outside the ground before the Barclays Premier League match between Arsenal and Manchester United at the Emirates Stadium on Feb. 12, 2014 in London, England.
For Arsenal fans, any time they play Manchester United, it must bring back memories of when the Red Devils’ most prominent forward was playing for their team in red. Van Persie went on to lead the league in scoring with his 26 goals, helping Man U garner their 20th league title.
Each team has changed quite a bit since then, as Arsenal bested Man U in the league table last season, finishing fourth and garnering a UEFA Champions League spot. Van Persie will be the difference maker, as he always shows up big against his former club and when playing at the Emirates Stadium, where he spent seven seasons with the Gunners.
. The Red Devils finished 7th and missed out on UCL action for the first time since the 1995/1996 season. Arsenal are looking to finally get over the hump of finishing no better than third and win their first title since the 2003/2004 season.
Arsenal (6th place) and Manchester United (7th place) are both storied club teams who take a lot of pride in their history. I expect it be a very evenly matched contest with each squad leaving it all out on the field. The loss of Robin Van Persie was a hard one to swallow, as the season after he left his former club, he came back to score the opening goal for his new team from the north in a 2-1 victory at Old Trafford in Manchester, England. Arsenal fans may never forget the trouncing given out four seasons ago, when the Gunners allowed eight goals to their rivals, including a hat trick by England skipper, Wayne Rooney. This marked the most lopsided contest between the two European giants, with their last four meetings being decided by one goal or less.
Prediction: 2-1 in favor of Man U. 22, 2014 will mark the 171st meeting between the two clubs in league play and its sure to be a good one as each team battles to get back in the top four.
In one of the biggest rivalries in all of European football, Manchester United and Arsenal will square off once again this Saturday in the Barclay’s English Premier League.
The Red Devils hold a 81-45-67 (wins-draws-losses) record against the Gunners, with Man U dominating their friends from the south in recent past
Thanks for coming in. The vice president reaffirmed our security relationship with Israel and the people of Israel. I want to ask you a different question.
And we think — we do think, again, that the House will pass this and the Senate and the House will take up those corrections. She’s going to get a huge, huge insurance bill because her health insurance jacked up her rates and she couldn’t afford it.
GIBBS: Well, look, Chris. You know, the Supreme Court ruled that corporations have a First Amendment right. How close is the White House to passing its top domestic initiative? We’re joined by the president’s press secretary, Robert Gibbs.
Chris, she decided to keep her house. It was — it was an exciting game to watch. Now this week you have raised the stakes by delaying this foreign trip by three days. I know the president stepped out of a meeting to watch overtime.
GIBBS: Well, look. Does the president believe that they now have the votes to pass health care reform?
WALLACE: I don’t think anybody is questioning the president’s right to disagree with the decision. And I think — look, working together, we need to continue to build trust to get these two parties back to the table and not do anything on either side that would weaken the trust that’s necessary to make important progress on peace in the Middle East.
GIBBS: Well, I would say this. We’d have an economy likely that fell off even deeper into a greater recession or maybe even the next depression.
GIBBS: Well, look. I’m not going to get into them here. Copyright 2010 Roll Call, Inc. She had to decide, she said in that letter to the president, “Do I keep the house that’s been in my family since the ’50s or do I pick health insurance?”
The president believes, and I think members of Congress believe, that in a country as strong as the United States of America you shouldn’t have to decide between keeping your house or keeping your health care.
SUPREME COURT CHIEF JUSTICE JOHN ROBERTS: The image of having the members of one branch of government standing up, literally surrounding the Supreme Court, cheering and hollering, while the court, according to the requirements of protocol, has to sit there expressionless I think is very troubling.
GIBBS: Well, I think he can give assurances to the House that he’s working just as hard to make sure that the Senate passes those corrections as he is in trying to get the House to pass the underlying bill.
CHRIS WALLACE, HOST: President Obama delayed his trip to Asia this coming week to help House leaders push through health care reform. You may not alter or remove any trademark, copyright or other notice from copies of the content.
She had to make a decision, she said, even after increasing her deductibles and increasing her co-pays to try to keep her rates down — the insurance company increased her rates anyway. That’s what we want to see.
WALLACE: Well, I was just going to say, because if so, you know, we could do the NCAA brackets, Robert, and you could wear a Fox hat if you lose.
GIBBS: Thanks for having me.
WALLACE: Would it be fair to say that Netanyahu’s expression of regret today by itself is not enough?
WALLACE: But is there a promise he can give the House that the fixes will go through the Senate?
Those are the types of things that when the president signs health care reform…
I think the Israelis have a sense of what they need to do now. If the House doesn’t pass health care reform, doesn’t that do tremendous damage to his presidency? GIBBS: Look, there are — there will be debates — I’m sure there will be later on this show — on the political effects of whether or not we should make sure that people in this country can afford health care, make sure that children aren’t discriminated against by — on the basis of a preexisting condition.
WALLACE: Does the president agree with the Senate parliamentarian that he is going to have to sign the overhaul, the major overhaul, into law before the Senate can take up the reconciliation fix-it bill?
Does Mr. It’s a — it’s a good start. He did what he thought was right.
GIBBS: Well, I do hope you’ll show some footage — underneath the Canadian hockey jersey is the U.S. Are you done betting, or are you done betting just on hockey games?.
ROBERT GIBBS, WHITE HOUSE PRESS SECRETARY: Thanks for having me, Chris.
GIBBS: Well, that call happened in conjunction with a conversation that the president had with the secretary of state. You just talked about this woman in Ohio. And that will all become law.
Again, because I don’t think what we want to have happen in the fall is for a corporation to go in to a member of Congress and say, “Hey, either you’re with us on this vote or we’re going to dump a million dollars here to defeat you in this election.” I don’t think that’s the kind of thing that people believe will improve the political discourse.
And the Washington Post wrote this about the flap, “White House officials said the debate underscores the differences between the president and the conservative court and puts into relief what will be at stake when there is another opening on the bench.” Is that what’s going on here? GIBBS: Well, look. hockey jersey. I think the president believes what was troubling was the opinion. ALL RIGHTS RESERVED. Her health insurance skyrocketed.
GIBBS: Chris, we’ll have the votes when the House votes, I think within the next week. We believe that the president shares that First Amendment right to express what he believed was quite a bad decision by the Supreme Court.
Look, there have been…
WALLACE: Well, hear, hear for that. I will say this. There were many in his party that didn’t want him to send additional troops to Afghanistan. We looked through the records. Many people showed one of the justices actually having some expression about what the president said. Secretary of State Clinton had a — as you said, a very clear conversation with Prime Minister Netanyahu, where she outlined some steps that we believe he’s — he should take. We couldn’t find another case of a president directly confronting the justices about a recent ruling while they’re sitting there right in front of him and all the members of his party stand up and cheer.
The president’s going to travel to Ohio tomorrow, near the home town of a woman named Natoma Canfield. And once it passes, we’re happy to have the 2010 elections be about the achievement of health care reform. He’s doing, as he’s done throughout his presidency, what he believes is right for this country, so that small businesses can afford to provide their employees health care, as I said, so families don’t fall victim to an insurance company that tries to discriminate against them, or that somebody bumps up against what an insurance company calls a lifetime cap, when somebody says, “We know you paid your premiums, but we’re saying that you can no longer be covered even though you’re gravely ill.”
The president has looked at the issues that are before him and done what’s right. So I’m not sure that everybody sat perfectly quietly as they’re saying here.
WALLACE: But you have kept the heat on Roberts and the court this week for its decision allowing corporations to spend money on campaigns.
WALLACE: I want to switch subjects on you. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Roll Call. I’ll let the Senate parliamentarian determine what has to be done and when on health care. That was part of a private conversation.
GIBBS: The president was elected to make, as I said, hard decisions and not just tell people all the things they want to hear but some of the things they need to hear.
But the president doesn’t pay a lot of attention to pollsters. Finally — we have about 30 seconds left — you wore a Canadian hockey jersey — and let’s put this up on the screen — to Friday’s briefing because you lost a bet with the prime minister’s spokesman about the Olympic hockey games, both men and women. Vice President Biden obviously, as you said, was in Israel at the time. Please come back, sir.
WALLACE: You’re saying he’d do it again.
And, Robert, welcome back to “Fox News Sunday.”
What’s important is that in the coming elections the Supreme Court has basically ruled that anonymous political contributions can be given, and those contributions can be used to weigh in specifically for the election or defeat of a member of Congress or a senator.
President Obama put the prestige of his office on passing health care reform. Miss Canfield’s now in the hospital. I think what would be an even better start is coming to the table with constructive ideas for constructive and trustful dialogue about moving the peace process forward.
WALLACE: why are you so confident?
WALLACE: Prime Minister Netanyahu expressed regret today. But there’s no doubt that events like last week weaken the trust that’s needed for both sides to come together and have honest discussions about peace in the Middle East.
But you know, Chris, being president isn’t about doing what is just politically popular. She wrote the president back in December. But like I said, we’re all enormously proud of our American hockey team, men’s and women’s, and, quite frankly, all of the athletes that competed on behalf of our great country in the recent winner Olympics.
WALLACE: White House Chief of Staff Rahm Emanuel has been meeting with congressional Democratic leaders all this week on Capitol Hill. I think this is far more important than what there — when there might be a new opening on the bench.
GIBBS: Well, one, we believe that health care reform is going to pass. Is that enough, or does — do you want Israel to do something? In effect, do you want them to stop building those 1,600 units?
And I think the president wanted to express on behalf of the American people his strong disagreement on a Supreme Court case, as I said, that could potentially open the flood gates to a lot of special interests.
How seriously does the president take this? And what does he want Israel to do?
WALLACE: Chief Justice John Roberts said this week that the State of the Union has degenerated into a political pep rally, and he questioned whether the Supreme Court justices should even show up. Robert, thank you. Secretary of State Clinton reportedly had a very tough phone call with Israeli prime minister Benjamin Netanyahu on Friday in which she said the announcement of a new Israeli plan to build 1,600 housing uniting in east Jerusalem at the same time that Vice President Biden was there on a diplomatic mission — that that was an insult and hurt relations between the two countries.
(END VIDEO CLIP)
(BEGIN VIDEO CLIP)
GIBBS: Because I think the American people understand and I think there’s growing momentum in Congress that we can’t do nothing, that what happens if we walk away from reform right now is what has happened to millions of Americans who are getting letters from their health insurance companies that their health insurance premiums are skyrocketing.
GIBBS: I believe that will be true, yes.
WALLACE: We have been talking for months here about health care reform and the effect it has on real people. If doing what was just politically popular — we have two auto companies that were bankrupt. Let’s watch.
WALLACE: All right. And I think whoever sits here this time next week, you all will be talking about health care reform not as a presidential proposal but as something that will soon be the law of the land.
So there’s no doubt that that was not a bright spot for the Israeli government.
WALLACE: But that it will have passed the House by a week from today?
I don’t think, Chris, that the American people that are out there watching think we have too much — too little special interest money in our political system right now. That’s a debate I think we’re obviously comfortable having.
And if that is the case, what is the assurance that he and the Senate are going to be able to give the House that the fix-it bill will ever pass the Senate and become law?
WALLACE: So he doesn’t care that it would be a tremendous defeat for him and could weaken his presidency?
There is no doubt that maybe my track record in wagering the Canadians definitely needs a little work.
GIBBS: Well, maybe I — maybe I should consult some higher authorities before I make any more wagers. But he didn’t pay attention to the polls. The president gets letters and reads them. We’re obviously enormously proud of our American team. Obama think it would be appropriate for a president who felt strongly about the issue to confront the justices about a woman’s right to choose and then have members of his party stand up? What Justice Roberts said is it was the setting that was troubling.
The following is a rush transcript of the March 14, 2010, edition of “Fox News Sunday With Chris Wallace.” This copy may not be in its final form and may be updated.
Content and Programming Copyright 2010 Fox News Network, LLC. He’s not looking at the political effects of this. He condemned, rightly so, the announcement of additional housing units planned for east Jerusalem, as is the policy of the United States and has been the policy of the United States for quite some time. The president is talking to both members of the House and members of the Senate who passed health care reform with a supermajority late last year about making sure that the technical corrections and the fixes that the president wants to see as part of health care reform — a lot of the deals that were put into that bill are taken out
Social groups: A great website to meet people from all over the world wherever you are is Meetup.com. Check out if you have access to travel cards/multi-currency cash passports that allow you to load various currencies into your card and use it overseas at a predetermined rate (0% commission and 0% interest). I would even go as far as volunteering at cafes and restaurants (especially if you have experience) for a few hours just to get fed. You can always look for break-lease accommodation which are basically leases in which people have not yet fulfilled and the landlord is looking for someone to finish the rest of the lease. Investing in a SIM card might be the smarter choice to have mobile internet access, alternatively you can purchases data cards or mobile broadband SIMs if you have that feature.
Social Media Applications: Applications such as Whatsapp, Facebook, Viber etc. So just before they throw it out (or slightly after) you can literally grab yourself a bargain. Be wary of getting in a car with someone that seems suspicious, if your gut feeling tells you that something is wrong then just refuse politely and wait for the next one.
Here is where it gets a nastier. Whatever you are interested in you can always find people with similar interests in all parts of the world to meet up with. It is free to use and most of the time the meet ups are free – some charge a small fee to cover venue hire, materials etc.
There’s no better way to learn about a city than to hang out with locals. The food is still relatively fresh (a few hours old) and wrapped up so still sanitary. The rates are lower and you don’t have to sign a one-year contract if you are staying short-term.
Back packer inns and hostels: Cheap and nasty but does the job. Follow your internal rhythm rather than what society dictates, that way you flow with life rather against it and see what amazing fortunes await you when you take chances and grow as a person.. Not necessarily ideal but may lead to an interesting experience or story – try these out if you are daring enough!
See it isn’t as bad as it sounds~
Here is the fun part, here are all the ways to squeeze every dollar, make the most of every moment and make it epic. People will bend over backwards for people they like (I’m quite likeable I have to admit) and that was the case for me where 3 different individuals let me stay at their places indefinitely without paying rent – of course I would offer to pay rent, utilities and food bills but in most instances they insisted that I didn’t, lucky me right? My point is that if you are genuinely a person filled with empathy, enthusiasm and honesty people are far more likely to do things out of the kindness of their hearts than if you saw them as a commodity.
Bike: Cycling is extremely cheap and flexible, you can go wherever you want with reasonable efficiency provided you are traveling light. The road less traveled is usually far more interesting and filled with unique gems just waiting to be discovered.
Part 1: Reasons: What it means to live epically on the road
Remember the key to living epically is to be open minded and embracing whatever opportunities that arise. If you’ve done your homework you should be fine, there is no right or wrong when it comes to traveling epically, your only goal is to grow and that can only happen if you surrender yourself to the experience and embrace that anything can happen. You have to be careful as there might be some unwanted company in those places.
My sister stayed at an abandoned house where there was a community of squatters who all collaborated with their unique skill-sets such as tapping into electricity and hacking WIFI networks to create an almost fully functional home for squatters!
Sleeping bag: Irrespective of whether you have a place or not, a sleeping bag is a great addition to those on the road travelers. My sister had a couple instances where people tried to rob her, luckily she kept her valuables concealed in a pouch under her clothes. I don’t mean having a farm more like a little herb garden with easy to grow vegetables/fruits/herbs that can be a great addition to your home cooked meals. Look at this way, if you learn their language you have the potential to talk and connect to millions of people than if you didn’t. I have found countless gems (quirky cafes, stores, shortcuts, art galleries etc.) by just getting lost and not caring what happens. Keep an open mind and enthusiastic attitude and I’m sure most people would most likely trade food for your time. Thankfully there are literally hundreds of ways to get accommodation at a fraction of the cost. This is all done in good faith so that in the future you can potentially return the favor.
Friends and Relatives: If you’re lucky enough to have friends or relatives in a destination country then you’ve got your accommodation sort out – just be wary that your presence may alter people’s routines and cause some inconveniences so I wouldn’t abuse this privilege.
House minding: There are a few websites out there such as mindmyhouse.com (small registration fee) that offer a house minding service for either a small fee, exchange of service or for free. It’s also a great way to meet fellow travelers whilst having many of the basic essentials at a low-cost.
Couch Surfing: This trend is catching on very fast – essentially it is an online service that facilitates short-term stays between travelers from all parts of the world. These arrangements can be short to long-term so it really depends on your luck, nevertheless it is a super great deal if you land one.
This final chapter of this article is all about making the most of living life on the road
~ Nelson Mandela
The most rewarding part of the journey is being completely immersed in a different world, being overwhelmed by the differences in culture, feeling the rhythm of a new city, struggling to communicate in a foreign tongue having all your senses are overloaded.
Rent/borrow car: It may be possible some times to borrow a car and travel, that really depends on your host or how much you are willing to expend on renting a car.
Buy in bulk from supermarkets: Eating out frequently is a sure way to drain all your funds (and possibly compromise your health). This is definitely a great way to expand your network and open many doors – you never know what can come when you give without expectations.
The idea behind living epically is to be open and versatile. You can learn the customs, language and all the great places to see
This article continues on from:
Follow Your Dreams
Have an epic life on the road~
Exchanges: Most of the time it is far better to exchange at the destination country rather than your own as the rates are more competitive. All you need to do is to keep your mind open, lower your standards and be a deep sleeper (it helps).
Booking flights: Wherever possible look for sales or use budget airlines – sign up for promotions and you will always get a better deal than booking normally. Also, some coupons are only limited to locals so you might need the help of a local friend or host to get you the deals.
Volunteer at soup kitchens/food stalls: If you are looking to do something good for society whilst meeting good-natured people and getting fed then you could always use your time to get paid in food. Not all the tips are for everyone however they are sure to create some amazing memories and experiences to share.
Other Epic Tips
Here are some alternative ways to travel epically on the road without spending a fortune – remember open your mind and lower your standards accordingly.
As a final gift to you, here is a trailer from the movie ‘The Secret Life of Walter Mitty” – which might inspire some of you to go on a journey, nevertheless a great movie for those who need a reason for wanderlust.
Volunteer: Give back to society and feel great as well as meet some awesome people and potentially get lots of freebies. This is great if you are traveling various countries and don’t want to keep exchanging money.
Travel pouch: If you are traveling alone it might be a great idea to get a travel pouch that can safely store your money and valuables i.e. It may take a lot of hard work in the beginning however with the right guidance and consistent practice you will have learnt enough to communicate with the locals in their tongue. can often be bought online at a fraction of the cost if you bought it at a store.
Go to co-op stores: These are shops that sell a range of goods that are often donated or second-hand goods. Things such as clothes, gadgets, books, tickets etc. The only down-fall is that it is potentially very expensive (dependent on destination) and that there is no one to take you around.
Renting: Not exactly the best way to save on accommodation however if you are looking to stay extended periods of time and have some kind of source of income or disposable savings then renting can be a worthwhile investment. As the name suggests, you get to stay on a ‘couch’ (or bed) for a short-period of time for free and potentially have a local take you around. Apart from making great friends, locals are like an express train to immersing yourself into a culture. I personally like to walk to most places when exploring as it gives you the versatility to take your own routes. Who knows, you might even get a job!
Dumpster dive: Yes you heard me! It’s not as bad as it sounds. This is where your qualities as person come to play as well as your luck. Go on, be brave, be bold and be adventurous you only have one life to live.
I’ve been blessed when it comes to accommodation, for the past year and a half I’ve been extremely lucky to have met people that have taken me in and welcomed me to their homes for free. Try using expat websites, social websites or even online dating to meet people, you will expand your network and learn so much faster.
Language exchange websites: If you are really keen to blend in with the locals, learning the official language(s) will open hearts and doors like there is no tomorrow. This is by no means an exhaustive list but an addition to your current arsenal of tools to travel the world.
Internet Cafes: These places are usually open all night and have special discounts if you decide to ‘play’ all night. If you are staying for the long-term try buying bulk and cooking at home if possible, you can always get some good recipes online and cook in batches as to save time and money.
Go bargain hunting: Bargains are everywhere you just need to know where to look, go exploring and you will see that every few shops will have a sale or discounted goods at certain times, take advantage of this! Try going when shops are just about to close and stock up on some greatly discounted food – and you’ve got dinner, midnight snack and breakfast covered!
Grow your own food: If you’ve got a green thumb and going to stay long-term I would invest in a small vegetable patch. Use these to your advantage by signing up to as many as you can and search for the coupons that are relevant to your needs. are great ways to keep in contact with people all over the world for free. I will start off with some relatively common sense tips then move on to some more unique ways to make the most of it. I’ve stayed in these places on a short-term basis but I would never live in them for long-term stays. Always do your best to minimize ATM transactions!
Find an international credit card that doesn’t charge hefty international fees for purchases and withdrawals. A lot of the time restaurants and other food related businesses are obligated to throw out food due to regulations. If you are picky about your food then this is definitely not for you.
Part 2: Checklist: Essentials for an epic journey
Learn to purchase things online: Online shopping can dramatically save on your expenditure since most businesses these days prefer a virtual presence rather than a brick-and-mortars presence. If you don’t have one, you can either order it or make one yourself!
Well there you have it, a whole list of epic tips to save you money and make the most of traveling on the road. passport. Don’t bother with travel services. Accommodation is possibly the most expensive necessity for epic traveling. This is like the jackpot if you can score a place in a destination you want and at a good travel period. frequent flyers). Try discounted hotel booking sites that accommodate based on seasonal occupancy.
AirBnb/Roomarama: For those who are higher maintenance, this is a good alternative to staying at hotels. You can always get a second hand bike or hire a bike and go where the road takes you.
I will only list the epic ways of saving money on dining out and eating in general. These places were large and comfortable to stay in as well, and the hosts were very accommodating. It’s easy, cheap and you will have constant supply of fresh food.
Coupons: There are literally hundreds of websites out there that offers coupons with massive savings. Check out the many free language exchange websites out there that can help you learn almost any language you want.
Setup term deposits: If you’ve saved up a decent amount of funds you can always set up term-deposits to let your money grow whilst you travel – Just take out what you need and save the rest.
SIM cards: Most countries have traveler’s SIM cards sold at convenience stores so that shouldn’t be a problem, however if you are planning for a longer stay it would be wise to find a local SIM card as the rates on traveler’s SIM cards are far more expensive in the long-run than the short-term.
Internet: In most developed countries finding free WIFI isn’t going to be a problem (most coffee chains and modern shopping malls have free WIFI), however for those less developed countries it might prove more challenging but not impossible. Embrace your adventurous spirit and see where the road takes you.
Walk: For short distances it might be appropriate to walk. The goods are usually in decent to perfect condition but at a significantly reduced price.
Join rewards programs: There are many reward programs that offer points for purchases you make (i.e. You could pay the discounted flat-rate and sleep at the computer booth – not exactly a bed but beats sleeping on the streets.
Squatting: If you manage to find an abandoned place then you could always stay there indefinitely. English is a great language to exchange, especially in countries that don’t have it as an official language. Essentially living in someone else’s home for a short period of time with almost everything you need. It’s a great way to socialize and get to know the city.
Get lost: There’s nothing more rewarding than getting lost when you are in a new city especially when you have time to explore. If you can’t find a place to stay for the night you can always sleep at a park or something.
Nature: If you’re taking the scenic tour of life there will be plenty of awesome places to setup camp at night so why not trade sleeping under a roof for the beauty of a night sky – you might need some gear to keep you safe and comfortable.
Public spaces: If all things fail you can always just sleep on the street for a night. Coupon spending is an awesome way to try new things whilst saving a lot of money – just be aware that most of the time they have some kind of ‘hook’ to encourage you to purchase larger packages after trialling. You will find and do things you will never have done if you just stayed in your comfort zone. Most of these options are cost-saving solutions to traditionally expensive accommodation however leaves you with more funds to keep going on your adventures, besides it is bound to attract some interesting situations.
I used to work in the food industry and was appalled over the amount of good food that is thrown out simply due to regulations. Alternatively you can always find out which places are throwing out food and ask them permission to keep it for yourself before they throw it out.
“If you talk to a man in a language he understands, that goes to his head. If you talk to him in his language, that goes to his heart”
I had a friend sleep on a round-about for accommodation, talk about not attracting any attention.
Here is the biggest drain to funds. Most of the time you can get by without even having a mobile phone number as these social media applications have all the features you need to keep in touch globally for free, all you need is internet access.
I’m not going to go into depth about how to immerse yourself into a new culture – it is different for everyone. I’ve slept on park benches, beaches, hotel lobbies (a bit tricky), and other public areas.
If you do decide to deposit funds into an account make sure you find an account with no monthly fees, keep transactions to a minimum and if possible find an account that offers a debit credit card – which means that it functions as a credit card without accruing any interest.
Hotels/Motels/Holiday Inns: Usually the most expensive however for short-term stays however depending on the country you can potentially find some great deals. Avoid using agents as the fees are usually inflated to account for commission and other fees. Learn to find the cheapest tickets and book from them directly to avoid unnecessary commission fees.
Researching train/bus tickets: Could save you a fortune (and time) if you find alternative forms of transport to get to certain destinations
Travel passes: Opt for local travel passes if you are staying longer than a few days as it will save you money
At the end of the day, your life is the sum of your experiences – you only get more experience from doing new things instead of doing the same routine day in day out. Always do your research to find out the best places to exchange money and exchange in bulk if you can as desperate exchanges from the ATM can cost you a fortune in transaction fees. These all add up and can offer some great rewards such as free travel or goods.
Attractions: In terms of what’s going on, look online to find what’s going on in your destination city – there’s always something going on just have to do the research. Use common sense where you can to avoid getting yourself into serious trouble, everything else just follow your heart and go with the flow.
Hitch Hike: Depending on which country you are in you can try hitch-hiking – just go on a busy road, sign or thumb out and wait
The tenacious, gracious cosmetics queen no longer has much to do with the day-to-day management of the company she founded. Sohmen runs the 200- vessel shipping company, while Woo builds Hong Kong office complexes.
Y. The firm denies the charges.
GENSHIRO KAWAMOTO, 59 Tokyo JAPAN $2.2 Marugen Co.: real estate in Japan, Hawaii, and California. Oppenheim Jr. ambassador to Austria, is feeling around for investment opportunities in the erstwhile communist bloc. The first Gap (named by wife Doris as the couple left a cocktail party where the generation gap was discussed) opened in San Francisco in 1969, and sold records as well as Levis. The Cargills, grandchildren of founder William Wallace Cargill, and their cousins, the MacMillans (see below), control this secretive agribusiness giant. As a teenager, quiet, intelligent Ahmed Juffali worked in the family trading house, where he learned to deal with powerful Western companies like IBM, Siemens, and Michelin. The baron frowns on unfettered capitalism and has criticized Reaganomics as both unreasonable and immoral.
WERNER OTTO, 81 MICHAEL OTTO, 49 Hamburg GERMANY $2.0 65% of Otto Versand, the world’s largest mail-order company. REYNOLDS, 84 Las Vegas NEVADA $1.1 Donrey Media Group; real estate. When Elizabeth II disclosed last fall that the royal family spends $105,169 a year on laundry and $62,656 on flowers, not all of England was charmed. WU, 44 and family Taipei TAIWAN $1.9 49% of Shin Kong Spinning Corp.; 39% of Shin Kong Synthetic Fiber Corp.; 35% of Shin Kong Life Insurance; 30% of Taipei Gas Corp. The Furstenbergs make the Anheuser-Busch dynasty look nouveau riche. Ever since 1895 when grandfather Daniel Swarovski invented a process for mechanically cutting crystal, his family has been the world’s premier supplier of rhinestones. Cie: banking, insurance, and securities. in industrial engineering, and Carlos is a lawyer.
KING FAHD BIN ABDUL-AZIZ AL SAUD, 71 and family Riyadh SAUDI ARABIA $18.0 , Saudi Arabia’s oil and gas resources. Just as eagerly as Lauder buried her Eastern European immigrant roots, Ronald is digging to find them.
SAKIP SABANCI, 58 Istanbul TURKEY $1.0 Sabanci Holding: banking, insurance, textiles, rubber, and hotels. Moritz hotel seem to be purely for kicks. Mme. Born to a poor rice farmer, Tsai lives humbly, shunning publicity and making his home in an unpretentious apartment building near Cathay headquarters.
GRETE SCHICKEDANZ, 79 and family Furth GERMANY $2.0 100% of Quelle, mail-order and retail stores. He must retire when he turns 65 in 1994, and a nonfamily member may succeed him as chief executive for only the second time in the company’s 126-year history. So it’s been a prosperous recession for Seagram, which distills Chivas Regal and Martell cognac. McCAW JR., 40 KEITH W. Much more to his liking must have been the fanfare surrounding his arrival by yacht in New York harbor last spring to take over the war-torn New York Daily News.
TSAI WAN-LIN, 66 and family Taipei TAIWAN $4.2 48% of Cathay Life Insurance. But on a trip to Italy in the 1950s, he bought the German film and TV rights for Fellini’s La Strada and De Sica’s The Bicycle Thief, and has built his company on the union of finance and fantasy. T. He is building a palm oil processing plant in the Soviet Union and selling Indonesian commodities in Eastern Europe. Can it be that the Mouth of the South really had something to say? CNN has emerged as the only clear-cut victor from the Gulf war, after its heroic and comprehensive coverage shamed the rest of the media. Soon he was investing like a pro. With just a grade-school education, Chung has made a fortune in construction, heavy industry, and autos. Son Frederik, the CEO, and his family live in Switzerland, where they avoid those confiscatory Swedish taxes.
ROBERT MAXWELL, 68 Oxford ENGLAND $1.8 65% of Maxwell Communications Corp.; 51% of Mirror Group Newspapers; the European; the New York Daily News. Other Greek shippers reduced their fleets during the slump of the 1980s, but Latsis expanded his, and now owns some of the world’s heaviest tankers.
GARFIELD WESTON, 64 London ENGLAND GALEN WESTON, 50 Toronto CANADA $3.6 58% of George Weston Ltd.; Holt-Renfrew stores; 63% of Associated British Foods. The cosmetics heiress wouldn’t break her cherished silence to defend her late father’s name when he was recently accused of anti-Semitism for having hired Jacques Correze to work for L’Oreal. AUSTIN DAVIS, 80 and family Jacksonville FLORIDA $1.2 39% of Winn-Dixie Stores; 51% of American Heritage Life Investment Corp. He told Fortune, ”Don’t forget to mention that I enjoy sports, particularly scuba diving and spearfishing.”
WALTER KWOK, 41 THOMAS KWOK, 40 RAYMOND KWOK, 39 HONG KONG $2.2 48% of Sun Hung Kai Properties. Dorrance: even more money.
KATSUMI TADA, 46 and family Tokyo JAPAN $1.1 48% of Daito Trust Construction. Says a spokesman: ”It’s been terrible.”
EDWARD J. It’s paid off before. While Latsis lives aboard his two freighters Marianna VI and Margarita I anchored off Rabigh, near Jiddah in Saudi Arabia, the flesh-and-blood Marianna and Margarita, his daughters, live in Switzerland along with their mother, Henriette. At 20, Branson started a mail-order record business and soon thereafter a ! recording studio, which produced the hippie hit ”Tubular Bells.” Today Virgin Atlantic airways, hotels, and London nightclubs are among the company’s sundry branches. The kids were no less adept. Since reunification, East Germans have been eagerly poring over fat Quelle catalogues, and sales soared 24% last year.
DANIEL SWAROVSKI, 77 MANFRED SWAROVSKI, 76 and family Wattens AUSTRIA $1.1 100% of Swarovski International Holding; 50% of Zale Corp. HINDUJA, 46 Geneva SWITZERLAND ASHOK P. Thomas has expanded and strengthened the cement company by sticking to cement. In a Palo Alto garage, rangy David Packard and his pal William Hewlett founded the company bearing their names. Though J. Ever since the business was founded in the 1870s, two Vestey males are chosen each generation to co-manage the company.
AUGUST VON FINCK, 61 WILHELM VON FINCK, 63 and family Munich GERMANY $2.6 Real estate in and around Munich; 90% of Lowenbrau breweries; cash. Littlewoods posted a 46% increase in pretax profits last year but has been considering offers for its crown jewel, the Home Shopping catalogue business. Although he could afford to retire in luxury to a Greek island, computer whiz and Microsoft co-founder Paul Allen prefers to run his latest software startup, Asymetrix. In 1981 they gallantly rescued the ailing Lamborghini carmaker, restored it to health, and then promptly sold it to Chrysler — outraging nationalistic Italians.
OTTO BEISHEIM, 69 Baar SWITZERLAND $3.9 33% of Metro Group; retail outlets; 33% of Pelikan, office equipment manufacturers. When his hand-picked successor as head of the conglomerate returned from holiday in July, he $ discovered the old man had reinstated himself. Founder Wilton ”Witt” Stephens got his start selling silver belt buckles and the Holy Bible. I am not dreaming anything, but I am planning things,” says the British- educated Karamehmet, who describes his life as ”monotonous.” No wonder! He has no hobbies, is not keen on food, and travels only on business.
ESTHER KOPLOWITZ, 41 ALICIA KOPLOWITZ, 39 Madrid SPAIN $2.5 98% of Construcciones y Contratas, a leading Spanish construction firm; 50% of Fomentas de Obras y Construcciones, construction; 40% of Portland Valderrivas, a cement company; securities. Today he fills it with carefully thought-out office parks, resort hotels, and Mediterranean-style houses. With the sale of Merck Finck Bank to Barclays last fall, the von Finck family parted with the nucleus of its wealth. This aggressive salesman, who is also a trained pharmacist, has been trying to market Lipovitan everywhere from Kuala Lumpur to Chicago.
JOHN RICHARD SIMPLOT, 82 Boise IDAHO $1.8 J.R. Brother Gordon seems just as – entrenched in San Francisco, where he lives with his red-haired socialite wife, Ann.
KENNETH COLIN IRVING, 92 Hamilton BERMUDA JAMES KENNETH IRVING, 62 New Brunswick CANADA ARTHUR LEIGH IRVING, 59 New Brunswick CANADA JOHN E. Seeing the huge potential of cellular phones, he bought franchises from MCI and others while the fast- growing industry was still in rompers, and built McCaw into the nation’s largest cellular carrier. away.
ALFRED HENRY HEINEKEN, 67 and family Noordjwik NETHERLANDS $1.5 25% of Heineken breweries. The premise: Grocers doled out Carlson’s stamps to customers, who, when they collected enough stamps to fill a booklet, could redeem them for gifts from Carlson. ”I am almost 70 years old, and I do no business whatsoever anymore,” says Kipp when asked about his financial dealings. An extremely canny businessman, Murdock controls, through Dole Food, the entire Hawaiian island of Lanai.
SHIN KYUK-HO, 68 and family Seoul KOREA $3.5 4% of Lotte Group: real estate, hotels, confectionery, department stores. His mother and guardian, the onetime high-living Princess TNT, is taking her widowhood seriously. Schickedanz rebuilt, using a tiny Bavarian store as her base. But all at once I woke up from the dream and found myself buying my ticket back to Istanbul — and work.” A lesson in how to earn, and keep, a fortune.
CHARLES FEENEY, 60 London ENGLAND $1.6 40% of DFS (formerly Duty Free Shoppers); 100% of General Atlantic Corp., a Bermuda-based company with stakes in various companies. Once a professor at a textile school, Mori admits he went into real estate development for the money. Despite holding title to huge chunks of depressed New York real estate, having some $150 million tied up in unsecured Campeau Corp. Though he could afford a private jet or two, Simplot flies coach and breakfasts almost daily at McDonald’s — to which he has been supplying spuds since 1967.
ROBERTO MARINHO, 86 Rio de Janeiro BRAZIL $1.0 100% of Globo Group: 100 companies in media, telecommunications, real estate, banking, insurance, and 51% of NEC do Brasil. It helps to break up old structures which are no longer needed.”
SIR JOHN SWIRE, 64 Kent ENGLAND SIR ADRIAN SWIRE, 59 London ENGLAND $1.0 65% of John Swire Sons Ltd.: shipping, airlines, construction, and insurance. But management of Littlewoods has been turned over to outsiders.
SEBASTIAO FERRAZ DE CAMARGO PENTEADO, 82 Sao Paulo BRAZIL $1.3 93% of Camargo Correa group: construction and engineering. HEARST, 75 and family New York NEW YORK $1.8 40% of Hearst Corp. Perot is coy about where he invested the huge wad of cash generated from the 1984 sale of his Electronic Data Systems to General Motors. FENTENER VAN VLISSINGEN, 58 JOHN ARTHUR FENTENER VAN VLISSINGEN, 52 PAUL FENTENER VAN VLISSINGEN, 50 Hilversum NETHERLANDS $2.5 70% of Steenkolen Handels Vereniging: energy, scrap metal, retailing; Noro Group: investments; Flint Holding: investments. Still, with access to the entire Saudi treasury, the King is in no distress. Once a secretary and part-time model, Heidi saw her fortunes improve after her marriage 25 years ago to retailing magnate Helmuth Horton. In a recent London Daily Mail survey, 38% of respondents said the monarchy is ”an expensive luxury the country could no longer afford,” and 73% thought the royals should be taxed. ”The best way to hold on to wealth is for dear life, with all fours,” says crusty Jack Kent Cooke, who started out as an encyclopedia salesman. As usual, the financier is being cagey.
JOHN SPYROS LATSIS, 81 and family Rabigh SAUDI ARABIA $1.5 Interlatsco Holding: shipping, real estate, stakes in many companies. Kluge is starting over in his personal life too. ”I hate publicity,” says Hillman. Dogged salesmanship pays: The Erb Group sells one of every ten cars in Switzerland.
ERNEST GALLO, 82 JULIO GALLO, 81 Modesto CALIFORNIA $1.4 100% of E.J. Correze was linked to a fascist group during World War II and died this summer amid the controversy.
WILLIAM R. Three years ago Anton’s son Johann spun off Rembrandt’s foreign subsidiaries into Cie Financiere Richemont, headquartered in Switzerland. Once a University of Oregon middle-distance runner, Knight is a sprinter when it comes to business. He took an interest in the business and proved a shrewd manager of the pharmaceutical giant, as well as a wise custodian of his wife’s assets over the 56 years of their marriage. SUMNER REDSTONE, 68 and family Newton Center MASSACHUSETTS $2.9 100% of National Amusements Inc. Edmund and cousin Lord Samuel (see below) control a beef empire stretching from England to the Far East. In case sobriety becomes widespread, 35- year-old CEO Edgar Jr. Redstone has a lot to answer for: $7.50 movie tickets and Roseanne Arnold (formerly Barr). might end Televisa’s monopoly.
CHATRI SOPHONPANICH, 57 and family Bangkok THAILAND $1.0 10% of Bangkok Bank; stakes in 200 other companies. But early failure adds flavor to subsequent success: By 1940, Reynolds had bought three papers and % founded Donrey Group, a media company based on the notion that local talent and opinion should drive the press. Though he remains married to his third wife, he has lived for 15 years with a French woman who is a magazine editor. Computer maker Olivetti is mired in its fifth straight year of declining earnings; 7,000 workers were recently laid off and the dividend cut. Angry aluminum workers descended on Zug in June, creating a stir. Anschutz-owned railroads snake their way through the Western U.S., where the Anschutz fortune was first pumped out of the ground 13 years ago. This summer the kitty got more cash when Mitsubishi Estate Co. He bankrolled the famous Monterey Bay Aquarium and personally cast its bronze tide machines at the foundry on his Big Sur ranch. Sound too easy? Many think so, including the Indian government, which has charged the Hindujas with illegal kickbacks.
RONALD OWEN PERELMAN, 48 New York NEW YORK $3.1 100% of MacAndrews Forbes Holdings: Revlon, Coleman Co., 40% of National Health Laboratories, 60% of Marvel Comics, SLs. But the long-deprived Iron Curtain consumers won’t be buying fur coats or items carved from tropical woods from this ecologically correct company.
ROBERT E. Who can say he didn’t earn it?
FREDERIK H. Oppenheim Jr. HEARST JR., 83 New York NEW YORK RANDOLPH A. McCAW, 37 Kirkland WASHINGTON $1.3 30% of McCaw Cellular Communications. Appropriately enough, the leisure-loving billionaire started his fortune selling card games and now sells some 1,000 videogames in Japan and the U.S.
LORD ALAN SAINSBURY OF DRURY LANE, 89 SIR ROBERT SAINSBURY, 85 LORD JOHN SAINSBURY OF PRESTON CANDOVER, 63 DAVID SAINSBURY, 50 London ENGLAND $3.8 35.7% of Sainsbury’s: supermarkets. servicemen in Europe, an enterprise that grew into Duty Free Shoppers, a 160-outlet retailer of luxury items. Ku and his kin stick to the Confucian tradition of family loyalty and believe in harmony among men. They bought out brothers William and Frederick (see below) for a reported $620 million in 1983 after a bitter proxy fight. At a $250,000-a-plate dinner in Geneva last fall Safra and other wealthy Jews, including billionaire Edgar Bronfman (see above), raised an eye- popping $90 million to aid Israel’s Soviet immigrants.
RICHARD M. Cosmo Tourama took over clients of Leisure Group’s defunct travel agency.
LUCIANO BENETTON, 56 GIULIANA BENETTON, 54 GILBERTO BENETTON, 50 CARLO BENETTON, 47 Treviso ITALY $1.3 Edizione: 79.6% of Benetton SpA; 70% Nordica ski boot manufacturer; real estate. While Forrest Sr. debt, and having taken a big gamble on developing London’s Canary Wharf office and retail complex, the Reichmanns are not hurting financially. Doctor-turned-developer Sasaki has not had a healthy year. The company he founded makes a pinball-like game popular with millions of overwrought businessmen who relax over a few rounds after work. Financiera Alba: banking, breweries, retailing, television, construction. That boils down to one thing for the Dorrances, descendants of Campbell founder John T. A sensible attitude with Brazilian interest rates hitting 30% a month last year.
HUGO ERB, 73 Winterthur SWITZERLAND $1.7 Erb Group: car dealerships, coffee trading, investment banking, insurance, | real estate. It’s been a busy year for the ultramysterious Karl Kahane. He wears Italian suits and tools around in a garageful of luxury cars. Pesenti is peacefully adrift ^ in a sea of cash. These MacMillans are also great-grandchildren of William Wallace Cargill, who started buying and selling wheat in Iowa in 1865. resides above the Nevada factory where the company makes a line of liqueur- filled chocolates, Forrest Jr. Known as ”el Tigre” for the white streak in his dark hair, Azcarraga has long monopolized private broadcasting in Mexico through his company Televisa. The enormously lucrative media company he and his sisters inherited in 1984 specializes in publishing TV guides and women’s magazines.
PAUL ALLEN, 38 Seattle WASHINGTON $1.9 15% of Microsoft; Portland Trail Blazers pro-basketball team; Asymetrix. Last year son Robert stepped into the top spot at the family company.
LEO KIRCH, 64 Munich GERMANY $1.0 100% of Kirch Group: film distribution, television, publishing. CARGILL, 67 Minneapolis MINNESOTA MARGARET CARGILL, 71 and family La Jolla CALIFORNIA $1.8 33% of Cargill Inc. He employs about 100 people as bodyguards and drivers, and resides in a villa equipped with a bomb shelter and bullet-proof glass. Lese majesty!
PRINCE JOACHIM EGON VON FURSTENBERG, 68 and family Donaueschingen GERMANY $1.0 100% of Furstenbergische Brauerei KG; banking; real estate. It’s the old story of doing well by doing good, and Sung Hung Kai is now Hong Kong’s biggest landowner.
KU CHA-KYUNG, 72 Seoul KOREA $1.8 11.1% of Lucky Goldstar Group. Huo-shih Wu started in textile manufacturing after World War II and then branched into department stores and insurance. Sulaiman supposedly got started in the money- changing game buying gold from pilgrims in Mecca, packing it in sacks, and randomly picking a traveler to carry it to his brother in Riyadh, where it fetched a higher price. Since German reunification, Henkel Group has been buying up East German factories that make lubricants, adhesives, and detergents, and then rubbing out the jobs of about 65% of the workers at some plants. Often used to exemplify the model entrepreneur, Simplot got his start at age 14 hawking hogs cheaply fed on wild-horse meat. His luck has been somewhat better at the racetrack — he recently bet rap singer M.C. Self-made and proud of it, Tada has no interest in art, preferring golf. ”I tap-dance into work, and then I read and talk on the phone for seven or eight hours, and then I go home and read some more,” CEO Buffett told shareholders at the 1991 Berkshire Hathaway annual meeting. Portrayed as a perfectionist and a playboy, Bren has two ex-wives and four children — the last by his longtime companion, Carol Hayes.
KICHINOSUKE SASAKI, 59 Tokyo JAPAN $3.4 100% of Togensha, a real estate firm. Since Wexner is a bachelor, his family is his mom and his sister.
PRINCE ALBERT VON THURN UND TAXIS, 8 Regensburg GERMANY $1.5 Furst Thurn Taxis Bank; real estate in Germany, Canada, Brazil; breweries; art; castles. Just one month after selling MGM/UA, the battered movie company some say he destroyed, veteran raider Kirk Kerkorian set pulses racing in Detroit when he started buying up Chrysler stock. HEYMAN, 52 New York NEW YORK $1.5 85% of GAF: chemicals, building materials, and broadcasting. With $7,000 and little education, Tada got into the business of building and leasing office space in 1974. He is believed to be the single largest purchaser of men’s clothing in the world.
COSTAS MICHAEL LEMOS, 80 Lausanne SWITZERLAND $2.0 Shipping; real estate; insurance; cash; investments. Knopf book publishers supply most of the fuel for the family fortunes. Leibbrand sold out to retailer REWE Cologne last year and reinvested the cash in the parent company’s stock. KOCH, 51 Palm Beach FLORIDA FREDERICK R. The venerable Sir John, who founded the company in 1923, still serves as president. But this billionaire espouses some views on economic policy more common among liberal university professors than European gentry. In the 1970s, when many American companies were staying home, Hunt stumbled onto rich fields in Yemen and the North Sea that helped him revive the moribund company he inherited from his father. Agnelli’s grip on the public imagination shows no sign of slackening in tandem with Fiat earnings: At least 20 books have been written about the imperious man and his money. Thanks in part to value-added taxes, a CD player at an Eaton’s in Toronto costs 50% more than it does across the border; sales at the big chain are off 15% so far this year. From those humble origins blossomed the company that brought Western pharmaceuticals to Turkey via licensing deals with Upjohn and Bristol-Myers. It so closely identified itself with the people of whatever city or country it operated in that it flourished and became the Rembrandt Group, a mighty liquor and tobacco conglomerate. Only when his more academically gifted brother broke with their formidable parent did Kerry come into his own. Born a peasant in southern China, Liem has recently acquired a cooking oil plant in his native land.
CARLOS SLIM HELU, 51 Mexico City MEXICO $1.0 Grupo Carso: stakes in Telefonos de Mexico, Inversora Bursatil, a brokerage house; and Seguros Mexico, a leading Mexican insurer. It also controls Viacom, the company that brings you Roseanne. There are some 20,000 movie titles in the Kirch Group library, which he distributes at immense profit.
EMILIO AZCARRAGA MILMO, 59 Mexico City MEXICO $1.0 Televisa: radio, television, cable, movie theaters, insurance, and hotels. Brach; Adia SA; Allgemeine Finanzgesellschaft, an investment company; cash. ”This is the end of my business career,” Sir Jimmy announced in October, after unloading Cavenham Forest Industries. A stout Mexican of Lebanese descent, Slim made his money buying stocks for as little as 10% of their book value in the dog days of the early 1980s when the Mexican economy was collapsing along with the price of oil.
HEIDI HORTON, 51 Croglio SWITZERLAND $1.9 * Inheritance from Horton Department Stores and Horton Finanzverwaltung (asset management); real estate. Beisheim is everywhere — and nowhere. Daughter Susanne married a shipbuilder last year. At 25, Robert Bosch Sr. His reputation, however, is tainted by rumors of shady dealings. Lukas, a zoologist, used to prefer field studies in southern France to Hoffmann-La Roche board meetings. With impeccable timing, he caught Japan’s automation boom in the 1970s and rode it to riches. His and Laurance’s ten children and their 12 cousins also carry on the family tradition of philanthropy, donating mainly to social and environmental causes.
AHMED JUFFALI, 62 and family Riyadh SAUDI ARABIA $1.2 E.A. McCAW, 45 CRAIG O. Proof that conscience need not interfere with commerce: 414 new Tengelmann stores opened in 1990, and sales rose 13%.
YOSHIAKI TSUTSUMI, 57 Tokyo JAPAN $2.1 40% of Kokudo Keikaku, which owns 48.6% of land-rich Seibu Railway. Maybe he needed the money.
JOHANNA QUANDT, 64 SUSANNE QUANDT, 28 STEFAN QUANDT, 25 Bad Homburg GERMANY $4.0 60% of BMW; securities. In 1974 Hans Gerling was forced to sell the insurance business established by his father to cover losses from currency trading at Bank Herstatt, which he controlled. Brother Jack is chairman of the financial powerhouse that now serves clients such as Wal-Mart and Tyson Foods, and his son, Warren, 34, is CEO. He also owns Saudi Arabia’s only Coca-Cola franchise, and business boomed when the Gulf war deposited thirsty American soldiers in the desert.
HANS LIEBHERR, 76 and family Bulle SWITZERLAND $1.5 100% of Liebherr International AG: machinery and heavy equipment, cooling systems, hotels. Younger members of the family, not ready to take control, are eager to cash in some of their valuable shares, so the company is considering an ESOP to increase stockholder liquidity. He plowed all his profits into land, on which he built shopping centers and tract houses. Not so Eddie Jr. He seems to have lost interest in business matters, preferring to mingle with his fifth baroness, a Spaniard, among international celebrities and to savor his art collection. But Tiger’s luck may be changing: He sunk $100 million in the National, a U.S. Would you be surprised to hear that ALDI stores are a bigger hit in East Germany than in the U.S.?
DONALD BREN, 59 Newport Beach CALIFORNIA $2.0 93% of Irvine Co., real estate. While health- conscious North Americans drink less, when they do imbibe, they favor the better stuff. ”The Collor plan really knocked the wind out of us,” says Antonio Ermirio de Moraes of last year’s attempt by Brazil’s President to slow inflation by freezing two-thirds of the nation’s financial assets. Twelve years later Gerling managed to redeem himself by rebuilding his fortune and repurchasing the company. Son Stefan, 29, runs the family travel business while he waits — and waits — for dad to hand over the reins.
HARRY B. He reads some 20 computer industry publications a week to keep current. Fiat profits plunged 55% in 1990, and pessimistic analysts say they’ll be halved again in 1991. DeBARTOLO SR., 82 EDWARD J. Hyundai was the first Korean construction company to build bridges in Alaska, housing in Guam, and highways in Thailand.
RICHARD BRANSON, 41 London ENGLAND $1.5 Virgin Group Cos.: music, clubs, film distribution, retailing, airlines. 1 athletic-shoe manufacturer.
ESTEE LAUDER, 83 and family New York NEW YORK $5.2 100% of Estee Lauder Inc. There’s a new gnomeling in the family with some interesting genes: Charles, born to Preston Robert’s son Jonathan and wife Laura in April. In 1880, Elly Kadoorie left Baghdad for Shanghai, where he went to work as a clerk and later invested carefully hoarded savings in land, rubber, and banks. But neither the Newhouse family’s celebrated Conde Nast magazines nor its tony Random House and Alfred A. Rudolf Oetker, whose yeasty fortunes come from baking powder, shrouds his activities from the public gaze. So they tossed him out and replaced him with Arturo.
SAM MOORE WALTON, 73 and family Bentonville ARKANSAS $21.1 39.3% of Wal-Mart. Thrifty, methodical, and quiet, Haub is an ardent environmentalist who was among the first German retailers to refuse to sell phosphate detergents, turtle soup, and frog legs. WANG, 69 and family Taipei TAIWAN $3.0 45% of Formosa Taffeta Corp.; 37% of Formosa Chemical Fibre Corp.; 30% of Formosa Plastics Corp.; 18% of Nan Ya Plastics Corp. Meanwhile, on the personal front, it’s still Me-Ted, You-Jane.
WILTON R. I started making plans for the next few days. Today, Swarovski International produces 20 billion cut stones a year, as well as cut crystal, optical precision instruments, and reflectors for traffic safety.
GIAMPIERO PESENTI, 70 Bergamo ITALY $1.3 44% of Italmobiliare: cement, publishing; bonds. Who says only in America? The origins of his fortune: Hong Kong real estate.
W. The recession has left its mark on Carson Pirie Scott, the most recent acquisition of Maus Freres. The Dreesmanns were originally a clan of German traveling salesmen. When his father, Prince Johannes, died shortly after a heart transplant in December, Albert became the world’s youngest billionaire. His wife has to sneak new clothes into his closet.
ANNE COX CHAMBERS, 71 Atlanta GEORGIA BARBARA COX ANTHONY, 68 Honolulu HAWAII $4.8 97% of Cox Enterprises. A stern and dogged businessman, he disdains luxury and still lives in the simple ranch-style house he built for himself in the 1950s. ”I do keep having relapses,” he admits. Then he was plagued by some 200 Americans knocking on his door hoping to sell him something. On weekends the Vesteys entertain friends, including that hate-him-love-her pair, the Prince and Princess of Wales.
MEHMET EMIN KARAMEHMET, 46 Istanbul TURKEY $1.0 51% of Cukurova Group: industrial conglomerate that includes textiles, machinery, chemicals, printing, and mining. Employees describe the 747-size Packer as argumentative and sometimes menacing, but also extremely generous. His comeback achieved, he died suddenly in August. developed the spark plug. The family’s investment in broadcasting is also suffering.
THOMAS SCHMIDHEINY, 46 St. Branson, who sports a beard and dresses casually, until recently ran operations from a houseboat. The success of his candy and department store conglomerate in both Japan and Korea is often attributed to his flair for promotion.
DAVID PACKARD, 79 and family Los Altos Hills CALIFORNIA $1.9 13% of Hewlett-Packard. It’s a mess.”
HIROSHI TERAMACHI, 67 Tokyo JAPAN $1.5 31.3% of THK Co., maker of ball-bearing-related products. A wizard at dealmaking, he has been less successful in personal deals. He’s wanted in the U.S. Konrad Henkel ended his 30 years at the helm of the cleaning giant in December and turned over the mop to his nephew Albrecht Woeste.
WOLFGANG SCHUPPLI, 69 Wiesbaden GERMANY $1.1 100% of Deurag Legal Expenses Insurance; 40% of WMF AG, a kitchen-equipment maker; 26.58% of Pfaff AG Kaiserslautern, sewing machines; mortgage banks. DeVOS, 65 Ada MICHIGAN $3.0 50% of Amway. In 1947, Mohn took over his family’s small publishing house, which specialized in hymnals. Juffali Brothers: 12 Saudi industrial companies: automotive, construction, and others. Stern’s dad arrived in America with a flock of canaries and opened a pet shop. Vehemently anti-apartheid, both Ruperts are active in South African philanthropy.
TAIKICHIRO MORI, 87 Tokyo JAPAN $10.0 Mori Building Co., the third-largest building leasing company in Japan; real estate. Dassault Aviation was one of the few military contractors to lose money on the Gulf war. Starting with a small Columbus sportswear shop, the soft-spoken Wexner relentlessly built a chain of some 4,000 stores, including the Limited and Victoria’s Secret, earning himself the reputation of a merchandising genius. Son Johannes took over running the company in 1989.
CHARLES KOCH, 55 Wichita KANSAS DAVID KOCH, 51 New York NEW YORK $4.7 80% of Koch Industries. Stern’s strange rivalry with Donald Trump has generated more publicity for him than almost anything he’s ever done in the business world. Bren’s Irvine Co. An orderly and discreet man, Mohn reportedly goes to bed at 10 o’clock sharp, except on his birthday, when he retires at 10:30.
MAKTOUM BIN RASHID AL MAKTOUM, 50 and family Dubai UNITED ARAB EMIRATES $5.0 Oil; investments. The most ostentatious of Italy’s billionaires, he owns seven homes, including two villas outside Milan.
SAMUEL JAYSON LeFRAK, 73 New York NEW YORK $1.7 Real estate; 100% of Lefrak Oil Gas; 100% of Lefrak Entertainment; art. An avid polo enthusiast, the world’s richest man can afford air-conditioned stables for his ponies.
TAKEMITSU TAKIZAKI, 46 and family Osaka JAPAN $1.1 29.9% of Keyence, a maker of detection devices and measuring-control equipment. His many palaces include a castle in Spain modeled after the White House — but bigger.
SAMUEL J. Liechtenstein’s royal family lost much of its European land during World War II, and today Hans Adam’s royal estates consist mostly of vast, flat Texas farms. Irked by slow corporate decision-making, he promptly sold his shares and is now reportedly buying real estate.
JEAN CLAUDE MIMRAN, 46 Signy SWITZERLAND PATRICK MIMRAN, 35 and family Hauterive SWITZERLAND $1.5 Cie Financiere France-Afrique. The sundered couple live just two miles apart on a 10,000-acre estate complete, it is said, with his and hers crypts.. In December he finally married his longtime companion, Ingrid Ragger, who is 30 years his junior and had been trying to hustle him down the aisle.
WARREN EDWARD BUFFETT, 61 Omaha NEBRASKA $4.4 45% of Berkshire Hathaway. That’s human nature.” That’s also English inheritance laws. Baron Heini, as he is known to friends, is ”Baron No Comment” when it comes to questions about his finances. His subjects revere Zayed as brave, generous, wise, and absolutely honest. Brothers Karl and Theo built a small grocery in Essen into a food-retailing empire stretching from Dresden to the American heartland. After World War II, Quelle buildings and customer lists lay in ashes, and there were no products to sell. According to legend, the brothers never lost a shipment to bandits.
ZAYED BIN SULTAN AL NAHAYAN, 76 and family Abu Dhabi UNITED ARAB EMIRATES $4.0 Oil; investments. Most of it we keep in high-quality investments.” He has also been quietly buying into the oil and gas business.
ABDUL-AZIZ AL ABDULLAH AL SULAIMAN, 52 Jiddah SAUDI ARABIA $1.1 Rolaco Services: construction; real estate; Meridien Hotels in the U.S.; investment banking; Caribbean cement plants; shipping. Gunter, whose favorite bedtime reading material is said to be stock reports, is married with two grown children.
MARVIN DAVIS, 66 Los Angeles CALIFORNIA $2.1 Davis Cos. Frederick and William may be the poorer half of the Koch quartet, but they still have expensive hobbies. Introverted and frugal, Feeney is a native of Elizabeth, New Jersey, who now lives in London with his wife and five children.
KARL KAHANE, 71 Vienna AUSTRIA $1.1 100% of Montana Aktiengesellschaft: minerals, building supplies, chemicals. C. Beginning his career putting up commercial buildings in suburban Detroit, Taubman moved on to gas stations and then to developing shopping malls. died in 1969, 20-year-old Craig took over his empire — one cable company and lots of debt. But he has since come to regard his work as public service and his mission as enhancing his city with his attractive office buildings.
GERARD NORDMANN, 61 PHILIPPE NORDMANN, 59 Geneva SWITZERLAND $1.2 50% of Maus Freres. Too much beef from Eastern Europe and too high interest rates in Britain pushed profits down 59% in 1990 at the vast Vestey family meat company. Lawyer Schuppli launched Deurag, his insurance company, in 1958. Four women have given him eight children.
LIEM SIOE LIONG, 75 and family Jakarta INDONESIA $2.6 Full and partial ownership of over 500 companies, including Indocement, Indosteel, Indomilk, Bank Central Asia Group, and Bogasari Flour Mills. for tax evasion, so Marc Rich sticks close to home in Switzerland — whence he cannot be extradited. CEO Roger is an outspoken advocate of laws protecting the U.S. But the married father of two ponders retirement, saying, ”I should like to lead a normal life like everybody else.”
PHILIP ANSCHUTZ, 51 Denver COLORADO $1.4 100% of Anschutz Corp.: 71% of Southern Pacific Transportation Co. In 1983 he bought out the other shareholders to acquire the bulk of the former Spanish colonial land grant. The latest reports say the chain is much deeper in the hole than anyone realized, threatening the Maus brothers’ standing as billionaires.
REINHARD MOHN, 70 Gutersloh GERMANY $1.2 79% of Bertelsmann AG, the media conglomerate. Located in the South and Southwest, Winn-Dixie still does business the old-fashioned way with small stores, no union, and many of its own brands.
HENRI ANDRE, 53 Prilly SWITZERLAND $1.9 Andre Cie: agribusiness, commodity trading, tool manufacturing. Said Grosvenor, the sixth Duke of Westminster, on the occasion: ”Every father would like a boy. Led by the competitive Gates, Microsoft broke with longtime ally IBM over which of two operating systems to promote, and is expanding aggressively into new areas, including an electronic dictionary and thesaurus.
LARS-ERIK LUNDBERG, 71 Norrkoping SWEDEN FREDERIK LUNDBERG, 40 Zollikon SWITZERLAND $1.0 55% of Lundberg Group, a construction and real estate conglomerate. As honorary chairman of Japan’s Olympic Committee, he succeeded this spring in luring the 1998 Winter Olympics to Nagano, right near one of his resorts.
KIRK KERKORIAN, 75 Beverly Hills CALIFORNIA $1.3 87% of MGM Grand Inc., operator of hotel-casinos and an airline; 9.8% of Chrysler Corp.; cash. The Fentener fortune is founded on a mountain of coal. They have been giving the cash away in Texas-size handfuls, including $25 million to Stanford and $80 million to Yale — some of it for the study of Western civilization.
RUDOLF AUGUST OETKER, 74 and family Bielefeld GERMANY $2.2 100% of Oetker Group: food, breweries, chemicals, insurance. Pocket change to Spain’s richest women, known as las marquesas but in fact the daughters of a wealthy Polish Jew who fled Hitler and started what became Conycon in Madrid. Stay tuned.
MANFRED VON OPPENHEIM, 66 ALFRED VON OPPENHEIM, 56 and family Cologne GERMANY $1.2 Sal. Since selling off most of his ships several years ago, Lemos — always more private than his flamboyant competitor — has withdrawn full time to his luxurious home in Lausanne, where he watches over his drachmas. Environmentalist Stephan converted the construction materials operations from an asbestos maker into a giant holding company with stakes in scores of businesses. MURDOCK, 68 Los Angeles CALIFORNIA $1.8 100% of Murdock Development Co.; 23% of Dole Food Co.; Flexi-Van Corp.; Stair Co.; real estate. He met his 3-year-old daughter Jacqueline last December for the first time in a lawyer’s office. Robust and irrepressible even in his ninth decade, Roberto Marinho spends his mornings overseeing the O Globo newspaper and afternoons at the television network. KOCH, 57 New York NEW YORK $1.1 100% of Oxbow Corp.: energy trading and production; real estate; cash; art. As his wealth grew through his monopoly on the casino business in Macao, he greased his superb mainland relations with multimillion- dollar donations. Since his death in 1986, his Japanese-educated eldest son, Eugene, has run the company.
WILLIAM BERNARD ZIFF, 61 and family Manalapan FLORIDA $2.2 100% of Ziff Communications, computer magazines; real estate; cash. After unpromising careers as a wedding photographer, an electric brush salesman, and a singer, Berlusconi plunged into that perennial billionaire-maker, real estate development. An ex-seminarian, he halted construction of a lavish new home when he asked himself, ”My gosh, am I building this out of pride or what?” But he recently resumed building on a reduced scale.
WALTER HAEFNER, 81 * Kusnacht SWITZERLAND $1.3 Careal holding: 100% of Amag car importers; 21% of Computer Associates International. ”Only a thief is fired like that,” complained a bitter Raul Gardini after his ouster in June as head of Ferruzzi. DeBartolo senior amassed a fortune building shopping malls, primarily in the Midwest. ”TED” TURNER, 53 Atlanta GEORGIA $1.2 55.2% of Turner Broadcasting System. The newspaper and broadcast company they inherited from their politician father (flagship: the Atlanta Constitution) is run by Barbara’s son, James Cox Kennedy.
WILLIAM I. The son of a ship’s carpenter, Chang went to sea as a young man, banded together with some partners to buy a used boat, and built himself a worldclass shipping company. As Saudi Defense Minister, the Prince controls the largest single item on the government budget and, like others in his family, regards that budget as partly his own. At 25, Takizaki quit his job as engineer for a measuring- instruments company to start his own firm. Known to be sensitive and a bit passive, Maktoum is outmuscled by his forceful brother Muhammed, the Minister of Defense, whose retinue of British advisers refer to him as ”the Boss.”
DONALD W. Thus, there has been some diminution of the pile belonging to the descendants of Timothy Eaton, the teetotalling union-basher who founded the stores in 1867. Products like the Nike Air midsole and athletes like Michael Jordan to promote it have made Nike the world’s No. Forget about the sweaters; look at the ads! A colorful and explicit series has kept the company’s profile high. The brothers’ legendary thrift may have helped: They often pack their own lunches and sometimes ride Toronto’s subway.
LAURANCE S.ROCKEFELLER, 81 DAVID ROCKEFELLER, 76 New York NEW YORK $2.1 Family trusts; stocks and bonds; real estate; venture capital. F. Laurence, the G-in-chief, seldom talks about his investments, but Wall Street watches every dollar almost as closely as he does. Today Donrey Group consists of scores of small papers and TV companies in Arkansas and California, and several billboard companies.
H. The German-born Kluge built Metromedia into a major independent television broadcaster, then sold most of the assets for nearly $3 billion in 1986 and started over. C. Kamprad’s neighbors might be surprised to learn this modest-living fellow is a billionaire. Barilla makes a third of the noodles consumed in Italy and aims to suck up market share at the rate of 1% per year while expanding briskly northward. The software giant founded 16 years ago by Harvard dropout Gates and pal Paul Allen (see below) continues to throw its weight around. The short, balding ex-raider sold two cosmetic lines to Procter Gamble in April and took 40% of Marvel Comics public in July. The Mimrans bask out of the limelight on the principle that Who likes to live happily hides. Disgruntled family members sold off a fraction of their holdings to a rival textile maker, forcing Roger and Gerrish — who make a fetish of secrecy — to open their books to the intruder. Recently he sold off 5% of his railroad interests to a Japanese shipping company.
MARGARET HUNT HILL, 75 HAROLDSON HUNT, 73 CAROLINE HUNT, 68 Dallas TEXAS $1.3 Trusts; Rosewood Corp.: real estate, oil and gas, securities. Unassuming and friendly, Shino is both billionaire and bookworm. When real estate developer Don Fisher couldn’t find a store where he could exchange a pair of ill-fitting Levis, he made up his mind to open what would amount to a Levi outlet. Grandsons of an immigrant, Jack and Lewis Rudin own thousands of New York apartments and many office buildings. In 1954 the Harvard Law grad joined his father’s company, National Amusements, which is today one of the largest motion picture circuits in the United States. When he was 30, Anton Rupert teamed with friends and started a tobacco company. In 1863 silver-tongued Gerard Heineken convinced mom, who disapproved of liquor, that beer would create fewer drunkards than gin, and she gave him money to buy a brewery. Instead, he bought an investment firm and a stake in Adia SA, the world’s largest temporary- employment agency.
SILVIO BERLUSCONI, 55 Milan ITALY $2.3 100% of Finivest: TV networks, real estate, insurance; 74% of Standa department stores. ”Money is a traveler. Orphaned at 12, Soeryadjaya’s first taste of success came from distributing local beverages, and he quickly diversified into commodity exports and heavy industry.
LAWRENCE, LORD KADOORIE, 92 HORACE KADOORIE, 89 MICHAEL KADOORIE, 50 HONG KONG $1.5 69% of Hong Kong Shanghai Hotels; 25% of China Light Power; 21% of Hong Kong Carpet. The de Moraes creed is: Work hard and don’t borrow. The tough, ultraconservative workaholic claims Opryland USA, his sprawling country-music theme park in Nashville, is ”easily worth $1 billion.” Gaylord still works Saturday mornings and says he might ponder retirement in ten years or so.
SULIMAN SALEH OLAYAN, 72 Riyadh SAUDI ARABIA $2.5 Olayan Group: agricultural and consumer products, finance, real estate, and more. When a tabloid announced Oetker’s son, August, was getting a divorce, August kept silent behind the iron fence that surrounds his home. And he did his best to fan the flames, bankrolling a documentary, called Trump: What’s the Deal?, which has never been distributed.
EUGENE T.C. ”Quelle was my life’s task,” says Grete Schickedanz of the mail-order giant she took over from her late husband, Gustav, in 1977. and Denver Rio Grande Western Railroad; oil; real estate. Trained as a cabinetmaker in his grandfather’s workshop, Mann made his first pfennigs selling bedroom furniture and quickly became a successful merchant. He has turned over the bulk of his inheritance to a foundation.
WILLIAM GATES III, 35 Seattle WASHINGTON $3.9 33.5% of Microsoft. After he sold control of Jacobs Suchard, the candy company he built in the 1980s, to Philip Morris, Jacobs told his friends he was going to devote more time to the Boy Scouts and to horseback riding. Monarch Airlines scooped up passengers left in the lurch by ILG’s Air Europe. Alas, husband Harry, the grand old man of New York real estate, is in declining health. They heeded granddad’s advice: ”Never sell.” The brothers are philanthropists and staunch — not to say aggressive — polishers of the Big Apple’s reputation.
CHEY JONG-HYUN, 61 and family Seoul KOREA $1.3 25.9% of Sunkyung: textiles, chemicals, oil refineries. BRONFMAN, 62 New York NEW YORK CHARLES R. Without little Hugh, the title ”Duke of Westminster” would have died with Grosvenor, who inherited his wealth from his father.
LEE SENG WEE, 61 SINGAPORE $1.0 100% of Lee Rubber; 30% of Oversea-Chinese Banking Corp. The Al Rajhis, like other influential Saudis, hail from the same ”elite” desert plateau outside Riyadh as King Fahd — the Arab equivalent of membership in Skull Bones. Charles and David control the Koch (pronounced Coke) family empire, which includes oil refineries, cattle ranches, and chemical factories, but at a high price. NEWHOUSE, 61 and family New York NEW YORK $12.1 100% of Advance Publications and Newhouse Broadcasting. In the 1950s he opened his first Wertkauf, a stadium-size market selling food and other items, and today he is one of Germany’s biggest retailers. Brothers of King Fahd’s ”main” wife, the Ibrahims have been implicated in the Bank of Credit Commerce International scandal — but then few in the Middle East haven’t. Fahd’s windfall from pumping more oil during the Gulf crisis was offset by the many gifts he felt obliged to send Gulf leaders and other heads of state during that period. Says a spokesman: ”Mr. But his feisty wife, Maja, is active and vocal in local politics. Since signing over his industrial empire to Deutsche Bank six years ago, Flick has settled into a luxurious, private, and paranoid existence. HINDUJA, 55 London ENGLAND GOPICHAND P. 1 pop hit, ”Because I Love You,” a ballad by the mysteriously named Stevie B. Known for his healing touch with a sick company, Willy Pieper bought Franke Group, an ailing maker of faucets, sinks, and stovetops, in 1975 and nurtured it with capital and close attention. HINDUJA, 50 London ENGLAND PRAKASH P. Feeney launched his career selling sandwiches to classmates at Cornell’s school of hotel administration. Parmanand Hinduja got started in life trading dried fruit and tea with Iran. His new passion: the environment. One of the world’s smartest financiers, Edmond Safra is also one of Israel’s deepest pockets. When a bout with cancer prompted Ziff to sell his 24 successful consumer and trade magazines in 1984, he was left with just a handful of straggling computer magazines. Both men are renowned philanthropists — Hewlett has already given much of his fortune away — and Packard’s money will go to a foundation to promote family planning and child health care. Once a Procter Gamble soap salesman, Carlson quit after he found he could make a better living selling incentive stamps to grocers. In the aftermath of the Gulf war, Prince Sultan is mopping up millions building new military bases for his country, like the enormous installation on the Yemen border. HINDUJA, 40 Bombay INDIA $2.1 100% of Hinduja Group: trade in steel, ores, fertilizers; oil; investment banking; chemical and pharmaceutical manufacturing. Pao, who has only daughters, recently passed the oars of his shipping and real estate conglomerate to son-in-law Peter Woo, a U.S.-educated former banker, and to another son-in-law, Austrian lawyer Helmut Sohmen. With her splashy and chiding full-page letter to Saddam Hussein in the New York Times last fall, did the Queen of Mean give the Bully of Baghdad a moment of fear? Who knows? Though mighty unpopular, Leona Helmsley is going strong despite her conviction for tax evasion. The Bronfmans began selling spirits under the Seagram label during Prohibition. Their company, Lucky Goldstar, initially produced face creams, but expanded into combs and toothbrushes, later televisions and refrigerators.
PERRY BASS, 77 SID RICHARDSON BASS, 48 EDWARD PERRY BASS, 46 ROBERT MUSE BASS, 43 LEE MARSHALL BASS, 34 Fort Worth TEXAS $4.0 Investments in Disney; securities; real estate. The Bass family inherited barrels of oil money from their uncle Sid Richardson, invested it brilliantly, and ended up with 100 times more. While other British retailers struggled last year, Sainsbury’s profits rose 20%. So far he is thought to have invested primarily in Italian government bonds.
LILIANE BETTENCOURT, 68 Paris FRANCE $2.0 25% of L’Oreal: Ralph Lauren perfumes; Lancome cosmetics; 4% of Nestle; 30% of Cosmair. His uncle Jean works on behalf of an austere religious sect called the Plymouth Brothers. He has just built a castle in Buckinghamshire, become a fan of cricket, and been reunited with old flame Victoria Holdsworth, onetime Nivea cream model. The value of his hotels and office buildings is drooping with the commercial real estate swoon.
HANS GUNTHER GERLING, 76 and family Cologne GERMANY $2.0 89% of Gerling-Konzern, an international insurance company. Now run by Willy’s younger son, Michael, Franke supplies kitchen equipment for restaurants that run the gamut from McDonald’s to Vienna’s Sacher Hotel.
JOHN T. The Kwok family has humble roots in Canton, and patriarch Kwok Tak-Seng, who died in 1990, began to prosper only when he became a salesman for a Japanese zipper manufacturer. LeFrak is now suing Sony for wooing Stevie B. The career of Carl Icahn raises again the age-old question: Do sharks suffer from indigestion? How else to explain why he sold his 13% USX holding just eight days after the company knuckled under to his demand to cleave itself into its energy and steel components. This performance really lifted the stock, making the Waltons America’s richest family.
RAY HUNT, 48 and family Dallas TEXAS $1.4 100% of Hunt Oil; real estate; agribusiness. And that foresight made the Kanchanapas family Thailand’s richest.
KARL ALBRECHT, 71 Essen GERMANY THEO ALBRECHT, 68 Mulheim an der Ruhr GERMANY $2.5 100% of ALDI: 3,568 supermarkets throughout Europe and the U.S.; 10.9% of Albertsons, a Boise-based supermarket chain. But even billionaires have their problems. has still eluded it. Wexner seems to be going at philanthropy with the same determination: In March he gave an eye-popping $250 million to the Ohio Higher Education Trust. When Maja died two years ago, she split her fortune between her two children by her first marriage and Sacher. McCAW, 42 JOHN E. Craig McCaw entered the family business at 16, selling cable TV service so that his father would let him take flying lessons. He is married, with two grown children.
ERIVAN KARL HAUB, 59 Mulheim GERMANY $4.0 100% of Tengelmann AG, Germany’s largest supermarket chain; 52% of Great Atlantic Pacific Tea Co. NEWHOUSE JR., 63 DONALD E. In the midst of doubts about the future of the industry last summer, Livanos calmly shelled out $280 million for four enormous crude-oil tankers.
KLAUS JACOBS, 55 Kusnacht SWITZERLAND $1.8 100% of E.J. The reason: ”It’s easier to operate without getting your name in the papers.” Consequently, few know that he is one of the largest real estate developers in the country, building multimillion-dollar commercial projects, most recently an office park in Los Angeles and the Aviara resort near Carlsbad, California. Though its business empire stretches from John O’Groats to Papua New Guinea, 80% of Swire Group’s profits come from Hong Kong, where its varied interests include a stake in Cathay Pacific Airline and Kentucky Fried Chicken franchises.
A. Amway sold biodegradable products long before it became fashionable, and the company was commended by the United Nations for its work protecting the environment. Hammer that his horse Meadow Star would beat Hammer’s Lite Light. ”The headache stays after the party’s over,” quipped Agnelli at the Fiat annual meeting. What remains of the empire has been divided between brothers August (he gets the businesses) and Wilhelm (the land).
FORREST MARS SR., 87 Las Vegas NEVADA FORREST MARS JR., 60 McLean VIRGINIA JOHN MARS, 55 McLean VIRGINIA JACQUELINE MARS VOGEL, 50 Bedminster NEW JERSEY $12.5 100% of Mars Inc: MM/Mars, Uncle Ben’s Rice, Pedigree pet food, Mars Electronics. When International Leisure Group — suffering from the depressing effects of the Gulf war on tourism — collapsed and left a vacuum in the British travel market, the Mantegazzas were quick to fill it. Nobody ever said life was easy for a billionaire. The fruits of the Rockefeller trusts, established in 1934, are shared by 83 family members. has diversified into Tropicana fruit juices.
(FORTUNE Magazine) – SULTAN HAJI HASSANAL BOLKIAH MU’IZZADDIN WADDAULAH, 45 Bandar Seri Begawan BRUNEI $31.0 Oil and gas reserves; real estate around the world; investments. Now he has plans to reduce his stake in TWA to between 20% and 45% and file for bankruptcy to keep creditors at bay. Alexander’s Napa Valley Cuvaison winery makes among the best regional Chardonnays.
KONRAD HENKEL, 76 and family Dusseldorf GERMANY $3.0 100% of Henkel Group: detergents, hygienic products, chemicals, and epoxies. Today she’s an attractive, youngish — and mighty rich — widow.
VEHBI KOC, 90 Istanbul TURKEY $1.0 Koc Holding: 93 companies in appliances, food, banking, insurance, construction, and tourism. Paul runs SHV, while Frederik is top man at Flint Holding, the family’s investment vehicle. When a few million jingled in his jeans, he began acquiring companies, starting with a small brick manufacturer and moving on to ever larger quarry such as Castle Cooke, Iowa Beef Processors, and Cannon Mills. Soft-spoken and shrewd, Heyman is admired on Wall Street for his timing.
TED ARISON, 67 and family Tel Aviv ISRAEL $2.1 71% of Carnival Cruise Lines; majority ownership of the Miami Heat pro- basketball team. In tiny, tropical, oil-rich Brunei, what belongs to the state is controlled by the Sultan, the head of one of the earth’s last absolute monarchies. The controversial auditor’s report listed them as the recipients of some $132 million in loans. The Davis brothers took the company public as Table Supply Stores in 1933, adding to it through mergers and acquisitions to create Winn-Dixie, one of the biggest supermarket chains in the country. A gaggle of Hunt offspring inherited money when their philandering father finally died. Witt, who in theory is retired, claims he ”don’t want to be no big shot,” but is still a force in Arkansas politics.
DAVID H. David, the chairman of the board of the Museum of Modern Art, is active on the Manhattan charity circuit. Paul Getty remains an American citizen, his roots are sunk deep in English sod. ”Everybody likes country music,” according to Ed Gaylord. He acquired several chemical companies, making Korea Explosive the eighth-biggest chaebol (family-owned conglomerate) in the country.
SIR JAMES GOLDSMITH, 58 MEXICO $1.3 67% of General Oriental investments, which owns 42% of Newmont Mining. Since January the group is up 50%. ”I’m still leading my good old lifestyle, based on working,” says Koc, who is now retired from business. Last year Lefrak Entertainment released the No. Redstone has lectured on entertainment law at Boston University.
THOMAS MONAGHAN, 53 Ann Arbor MICHIGAN $1.0 97% of Domino’s Pizza Inc.; Detroit Tigers baseball team; real estate. Dubbed ”Citizen K,” as in Citizen Kane, for his clout in German media, young Leo Kirch diligently pursued a doctorate in applied economics, despite his passion for music and film. While brother Y.T. They made their money in West African sugar mills and enjoy a reputation for soundly managing the companies they control. THOMSON, 68 Toronto CANADA $6.7 69.3% of Thomson Corp.; 76.3% of Hudson’s Bay Co.; 80.56% of Markborough Properties; art; real estate. The Albrechts’ no-frills emporiums are located on the fringes of towns, display their wares in cardboard boxes, and sell tinned rather than fresh meat. Meanwhile, his sister, Rosely, gives frank interviews about her political views.
GERALD GROSVENOR, 39 and family Chester ENGLAND $6.6 Real estate holdings, including 300 acres in London’s Mayfair and Belgravia areas, and commercial real estate in Hawaii, Chicago, Boston, and San Francisco. Packard still serves as chairman. A full brother to King Fahd, Prince Sultan keeps up the Arab tribal custom of regular majlis, whereby commoners may petition him for help in mundane matters or just drop by for a chat.
PAUL SACHER, 85 Frenkendorf SWITZERLAND $1.9 20% of Hoffmann-La Roche. Gallen SWITZERLAND STEPHAN SCHMIDHEINY, 44 Zurich SWITZERLAND ALEXANDER SCHMIDHEINY, 41 Calistoga CALIFORNIA $2.3 Nueva: construction supplies; Unotec: high-tech investing; 26% of SMH watch manufacture; 6% of ABB electronics; Anova: packaging and real estate; Holderbank Financiere Glarus Ltd., cement; Cuvaison winery. The von Oppenheim family, however, continues to preside over Germany’s largest private bank, Sal. He hopes to duplicate that success in the skies: His EVA Airways, Taiwan’s first privately owned international carrier, began service in July to five Asian cities.
JUAN MARCH, 51 CARLOS MARCH, 45 Madrid SPAIN $1.0 100% of Banca March; 60% of Corp. Many lawsuits later, the two factions are still not on speaking terms. They have three sons.
CURTIS CARLSON, 77 Minneapolis MINNESOTA $1.3 100% of Carlson Cos.: incentive marketing, travel agencies, Radisson Hotels International, TGI Friday’s, real estate. To explain his family’s success, David Sainsbury quotes McDonald’s founder Ray Kroc, ”We just take hamburgers more seriously than anybody else.” Since the first Sainsbury grocery opened in 1869, four generations have taken food-selling seriously indeed. Koch directors and company executives own the remaining 20%.
ARTEMUS DARIUS DAVIS, 85 JAMES E. How does Nakajima feel being one of the world’s richest? ”I was delighted at first. After hours he picks up science fiction — as if he weren’t living it — attends Trail Blazers games, or plays guitar in a rock band called Threads.
NEJAT FERIT ECZACIBASI, 78 Istanbul TURKEY $1.0 Eczacibasi Group: pharmaceuticals and ceramics. James Cargill retired last year after working for the company since 1947, but remains on the board.
BARON HANS-HEINRICH THYSSEN-BORNEMISZA DE KASZON, 70 Madrid SPAIN $2.0 100% of Thyssen-Bornemisza Group; art; real estate. So just as recession drove Votorantim’s profits into the ground, $500 million belonging to the company went cryogenic. Now the advent of Turner’s Checkout Channel means we get to watch commercials while stuck in the supermarket line. sports newspaper that collapsed in June, and a free-trade agreement that is being negotiated between Mexico and the U.S. Ensign, the ailing thrift he has owned since 1983, was taken over by the federal government last year.
SAMUEL, LORD VESTEY, 50 and family Gloucestershire ENGLAND $1.2 Western United Investment Co. has been described as an opinionated workaholic who hates to spend money on himself. With his private bank, Chateau Clarke winery, extensive investments, and historic name, Baron Edmond may be the epitome of Old Money. Today worldwide sales top $3 billion, and after just six years in the States, IKEA is one of the country’s 15 biggest furniture retailers.
MARK DIETHELM Kusnacht SWITZERLAND $1.0 100% of Diethelm Co: pharmaceuticals, food, personal care products. Vera is married to surgeon Jacob Oeri and is interested in the arts.
DONALD FISHER, 63 DORIS FISHER, 60 and family San Francisco CALIFORNIA $1.9 40.8% of the Gap. Tsai stepped down as chairman of Cathay Life last year, clearing the way for son H.T., age 40. Paintings by Holbein ^ and Grunewald nonchalantly hang on the walls of the castle Prince Joachim Egon and his six children call home.
CARGILL MacMILLAN JR., 64 Palm Springs CALIFORNIA WHITNEY MacMILLAN, 61 Wayzata MINNESOTA PAULINE MacMILLAN KEINATH, 57 and family St. An anomaly among self-made billionaires (who tend to get started young) he was already 40 when he turned entrepreneur and opened his first Metro cash-and-carry store in Mulheim an der Ruhr.
KERRY PACKER, 53 Sydney AUSTRALIA $1.5 100% of Consolidated Press International Holdings. paid $416 million to increase from 58% to 80% its ownership of the Rockefeller Group, part owner of New York City’s Rockefeller Center and Radio City Music Hall. Though the Gulf war hurt his cement business, it stimulated sales at his Nissan dealerships, and his net worth holds steady. Barbara has long resided in Honolulu, while Anne, former ambassador to Belgium, divides her time among a stone farmhouse in southern France, her Atlanta mansion, and her Manhattan apartment. The rest is retailing legend. He recently told a Japanese magazine, ”My personal life is not as orderly as my business. On a talk show recently, Sabanci recounted the following: ”In Rome, after long hours of meetings and discussions, I had returned to my hotel room and suddenly realized I needed a good vacation around the pool with all those Mediterranean nymphs. Today, Idaho’s richest man sells some $1.7 billion a year of potatoes, beef, fertilizer, and processed foods. Group: Davis Entertainment Co., Davis Oil Co.; Miller Davis Co., real estate development. SAFRA, 59 Geneva SWITZERLAND $2.0 29% of Republic New York Corp.; 20.6% of Safra Republic Holding; cash. At 13, Li was peddling plastic toys and working the night shift; today the companies he controls make up 15% of the value of the Hong Kong stock market. Metro Group managers don’t know the boss’s face because he communicates via fax from his villas around the world. And their descendants have kept on selling via the Dutch department store chain Vroom en Dreesmann, known for high-quality goods and bargain prices.
HENRY LEA HILLMAN, 72 Pittsburgh PENNSYLVANIA $2.5 Hillman Co.: real estate, 49% of Exide Battery; Stuarts Drug Surgical Supply Inc.; stockholdings. Son Leonard took over at 21 and molded the company into what it is today: a purveyor of kitty litter and flea collars. Son Leonard is CEO, while younger son Ronald, former U.S. Perelman spent the year selling off pieces of the hodgepodge conglomerate he put together during the 1980s. Described as a mild, humble man who wears baggy trousers and $6 shirts, Lee inherited the huge rubber plantations that were bought by his family at fire-sale prices during the Depression.
JAY PRITZKER, 69 ROBERT PRITZKER, 65 and family Chicago ILLINOIS $4.2 100% of Hyatt Corp.; 100% of Marmon Group; 85% of Ticketmaster; 99% of Conwood chewable tobacco. Lord Samuel, who runs it with cousin Edmund, lives in a country manor with second wife Celia. Now retired, Freddy lives it up at chic European watering holes. Icahn won the bet and collected $35,000.
JAMES R. Earnings dropped 36% when contracts with Iraq and Jordan for Mirage jets were canceled last summer just as the planes were to be delivered. Dyslexic and a high school dropout, Murdoch got his start as a developer in postwar Phoenix, went bust, and began again in California. Charlie’s other proud grandpa: financier Saul Steinberg.
WILLI LEIBBRAND, 58 Bad Homburg GERMANY $1.3 Real estate; cash. A pleasant but extremely private fellow, the wildcatter-turned-in vestor cuts his deals and compounds his wealth without the slightest nod to the public. In May a conviction for violating building codes was overturned. So it should not have come as such a surprise when he was recently forced to sell Pergamon Press, the rock upon which his media empire was founded, to start paying his debts. Though Aristotle Onassis made the headlines, the Greeks always knew that Costas Michael Lemos made the money. DeBARTOLO JR., 44 Youngstown OHIO $2.0 Edward J. Behind the innocuous name Andre Cie hides a giant conglomerate of internationally active companies about which very little is known. But so confident is he about the future of his enterprise that after losing the valuable contract to manufacture, market, and distribute Nestle products in Thailand, he coolly remarked: ”The change will do us good. The girls have since announced the merger of their family construction company with Fomentas de Obras y Construcciones, which they partly own.
JOHN WERNER KLUGE, 76 Charlottesville VIRGINIA $7.1 95% of Metromedia Co.; real estate; cash. Unlike its competitors, Camargo Group has failed to look abroad for work, and there isn’t much construction going on in cash-poor Brazil. Vigorous, well-dressed, and disciplined, he lunches regularly on leeks cooked in milk.
EDGAR M. is not flourishing.
LEE SHAU-KEE, 63 HONG KONG $1.5 62% of Henderson Land Development, which owns 26% of Yaumati Ferry and 30% of Town Gas; securities; real estate. remains in Taipei, Y. A timely switch in allegiance from the Shah to the Ayatollah and an increasingly affluent Middle East enabled the Hindujas to parlay their inheritance into a trading company with business in 50 countries. If Madonna gets away with it, why shouldn’t Benetton? Sales climbed 25% last year, and the company posted record earnings.
JACK KENT COOKE, 78 Middleburg VIRGINIA $1.0 Proceeds from the sale of Cooke Cablevision; Los Angeles DAILY NEWS; Washington Redskins; real estate, including New York’s Chrysler Building. Three years ago he sold his Triangle Publications to Rupert Murdoch, and last spring he bequeathed his billion- dollar art collection to New York City’s Metropolitan Museum of Art. Last year, Americans ate more candy than ever: 21 pounds per person, up about a pound from 1989. The extremely private Sulaiman is married to a Lebanese woman and lives in a whitewashed mansion on his Jiddah estate.
LORE PIEPER Unterwalden SWITZERLAND ROLAND PIEPER, 48 Dietikon SWITZERLAND BEATRICE PIEPER, 47 Zurich SWITZERLAND MICHAEL PIEPER, 46 Aarburg SWITZERLAND $1.0 Franke Group: kitchen and medical equipment; Reppisch Werke: wood and furniture; 50% of Gesellschaft fur Spinnerei Weberei, a spinning and weaving mill; real estate. His wife, Marilyn, cuts his hair.
GEORGE STAVROS LIVANOS, 63 Lausanne SWITZERLAND $1.0 Ceres Hellenic Shipping and Scres Shipping; art.The Greek shipping industry is wallowing in rough seas and Ceres is the largest operator continuing to sail under the nation’s flag. Since Chin’s death in 1988, Chatri and his six siblings have run the sprawling concern.
WALTER H. Founder Teramachi skipped university but holds some 800 patents related to his ball-bearing work and enjoys reading historical biographies and economics texts.
CHUNG JU-YUNG, 75 and family Seoul KOREA $6.5 27.5% of Hyundai. He won control of chemical maker GAF after a protracted proxy fight in 1983, made an abortive run at Union Carbide before backing off with a $250 million profit, and took GAF private after the 1987 market crash dragged down the price. At 42, Robert Jr. textile industry against foreign competition.
MADELEINE DASSAULT, 90 SERGE DASSAULT, 66 and family Paris FRANCE $1.1 50% of Dassault Aviation; 49% of Serge Dassault Electronics; Saint-Emilion vineyards. Two years of semiretirement were enough for Sebastiao Camargo. His own drive and determination plus his willingness to hire experienced people helped him turn his company into one of Japan’s biggest construction and leasing outfits. The reticent Johanna adheres to a Quandt family maxim: ”Never say anything and always keep out of the public gaze.” Third wife and widow of Herbert Quandt (who acquired BMW in 1959), she was last gazed upon in 1986. Since 1965 son Gunter has run the chain of 600 outlets, which now sell surfboards and jewelry as well as java. After working his way through journalism school, Reynolds was fired from his first two jobs. These days the biggest mystery surrounding the modest engineer is what he will do with all that lucre he inherited from his industrialist father. Younger members of his family now run the profitable conglomerate he founded.
MARC RICH, 56 Zug SWITZERLAND $3.0 50% of Marc Rich Co., commodities trading. They have also invested extensively in American real estate, including Marina del Rey in Los Angeles, property near Disney World, and a hotel next to the Mayo Clinic.
LUKAS HOFFMANN, 67 Montricher SWITZERLAND VERA OERI-HOFFMANN, 66 Basel SWITZERLAND $1.3 20% of Hoffmann-La Roche. Today he zips along the fast track of Italian finance, investing large sums in high-speed trains and in Italy’s most prestigious companies. What Rockefeller was to oil, Vestey is to cholesterol. Like several of his super-rich compatriots, Leibbrand got his start as a humble grocer, then expanded like mad into Germany’s second- largest supermarket chain. The voluble megadeveloper, who owns roughly 68,000 apartments in the New York area, can console himself with his record company. A decade ago young Kim was handed Korea Explosive to run, and he’s been making a lot of noise ever since. He hasn’t had the same genius for banking. Lively and sociable, the gargantuan Maxwell was not one to avoid heavy gearing, as the British call leverage. ALFRED TAUBMAN, 67 Bloomfield Hills MICHIGAN $3.4 43% of Sotheby’s Holdings; Woodward Lothrop; John Wanamaker; AW Restaurants; real estate; art. DAVIS, 84 M. Margaret, ”Hassie,” and Caroline were cautious and are still sitting on a tidy fortune invested largely in securities and oil.
HEINZ HEINRICH BAUER, 51 Hamburg GERMANY $1.0 96% of Bauer Verlag: 45 newspapers and magazines; Bauer’s Carrera Optic, a maker of fancy designer sunglasses; Winn’s stores. But what’s a $250 million paper loss to a man whose thoroughbreds gallop home at Belmont and whose car import business is so successful that investors yearn for it to go public?
SRICHAND P. Boldness rather than planning brought his success, and he has been especially aggressive overseas. Taisho is best known in Japan as the company behind Lipovitan, a popular vitamin health drink for 30 years. Last fall, ten years after acquiring California’s windy Pebble Beach golf resort, he sold it to a Japanese golf course king for a profit of more than $400 million.
SIR YUE-KONG PAO, 73 and family HONG KONG $1.3 49% of World International; 72% of World-Wide Shipping Agency Ltd.; cash. Over the years they have acquired companies in aluminum tubing, leather tanning, gypsum mining, chewing tobacco, environmental consulting, freight car leasing, medical supplies — plus their well-known Hyatt hotels.
LAURENCE ALAN TISCH, 68 Rye NEW YORK PRESTON ROBERT TISCH, 65 and family Harrison NEW YORK $2.2 28% of Loews Corp.: includes 23% of CBS; stakes in various banks; 50% of the N.Y. Few would recognize the faces of two of America’s richest women, the Cox sisters. Some idea of how seriously Jean takes this commitment can be gleaned from his nickname — Redeemer.
MICHELE FERRERO, 66 Brussels BELGIUM $1.5 80% of Ferrero: Tic Tac, Nutella, Ferrero Rocher pralines. HELMSLEY, 82 New York NEW YORK $1.4 New York commercial and residential real estate. ICAHN, 55 Bedford NEW YORK $1.9 100% of ACF Industries, railcar producers/lessors; 90% of Trans World Airlines; American Real Estate Partners; junk bonds. By developing technology to manufacture synthetic fibers and various chemical products, Chey turned the medium-size textile company into a chemical and oil giant.
TAMESABURO FURUKAWA, 101 Nagoya JAPAN $1.8 Nippon Herald Films: distributor of movies and owner of a chain of cinemas; Herald Group: golf courses, ski areas, and restaurants. Bunker, Herbert, and Lamar lost theirs; Ray made his grow. STEPHENS, 68 and family Little Rock ARKANSAS $1.7 100% of Stephens Group, which includes Stephens Inc.; 31% of Worthen Corp., a multibank holding company; Stephens Production Co., a gas exploration outfit; real estate; cash. The titular head of the oil sheikhdom of Dubai since the death of his father last August, Maktoum shares power liberally with his three brothers. That tutelage helped him eventually build the biggest merchant business in the Gulf. The proceeds are paying down his mountain of debt.
JOSE ERMIRIO DE MORAES JR., 64 ANTONIO ERMIRIO DE MORAES, 63 MARIA HELENA DE MORAES, 60 ERMIRIO PEREIRA DE MORAES, 58 Sao Paulo BRAZIL $1.6 100% of Industrias Votorantim SA: cement, mining, textiles, chemicals, agriculture, pulp and paper. Tada’s hobby is an ordinary one, because he is just an ordinary man.”
BRUCE R. Hassan was one of the first Arab leaders to condemn the Iraqi invasion of Kuwait last year, until his nation’s pro-Iraqi sentiment caused the King to proclaim, ”My heart is with the Iraqis because they are our brothers.” The King is a royal clotheshorse. DUNCAN MacMILLAN, 61 Wayzata MINNESOTA JOHN HUGH MacMILLAN III, 63 Hillsboro Beach FLORIDA MARION MacMILLAN PICTET, 58 and family Geneva SWITZERLAND $1.8 33% of Cargill Inc. He soon had the idea for a book club — Bertelsmann employees thought it a ”king’s idea.” Record clubs followed and so did explosive growth for the company, though success in the U.S. Chey wanted to be a scholar, but he abandoned the life of the mind for the pursuit of mammon when his father asked him to rescue the family business. The conglomerate William Randolph Hearst built 104 years ago is today the largest publisher of monthly magazines (from the well-known Good Housekeeping and Cosmopolitan to the more arcane Floor Covering Weekly).
LEONARD NORMAN STERN, 53 New York NEW YORK $1.5 100% of the Hartz Group Inc. Snickers still reigns as America’s favorite chocolate, and peanut MMs are in third place. KNIGHT, 53 Beaverton OREGON $1.1 35% of Nike. A little quirky, he once suggested half seriously that the government reserve radio frequencies for electronically assisted telepathic communication.
ANTON CASPAR RUDOLPH DREESMANN, 68 Laren NETHERLANDS $1.2 Vendex International: clothing and department stores. But what he lost in yen, he has made up for in influence. He built it internally rather than through acquisition, because he is convinced that ”successful companies are seldom for sale.”
GUNTER HERZ, 51 MICHAEL HERZ, 47 and family Hamburg GERMANY $1.0 100% of Tchibo Frisch-Rost-Kaffee, a coffee company. While building an airport tower in Osaka that he hopes will upstage Tokyo’s, he relaxes by reading books in French and Spanish, collecting Ukiyo-e wood blocks, and playing golf.
JOHN PAUL GETTY, 59 London ENGLAND GORDON PETER GETTY, 57 San Francisco CALIFORNIA $3.8 Trusts; inheritance; investment. Sound familiar? It should. At 101, Furukawa, the oldest billionaire, spends most of his time at home with his collections of paintings, pottery, and swords. Chatri’s father, Chin, launched the family fortune in shipping and textiles. one of the largest investment banks off Wall Street. The union members wanted , Rich to exert his influence on their behalf in a bitter labor dispute. Revenues tripled in the past seven years as one million extraordinarily gung-ho Amway distributors got the hang of forcefully pitching household cleaners, detergents, cosmetics, and vitamins to anyone who would listen.
FRIEDRICH KARL FLICK, 64 Munich GERMANY $3.0 Cash; investments. They can afford a comfortable privacy. Cargill is thought to be America’s largest privately held company, with 1990 sales of over $40 billion and operations in 54 countries. Y.C. ”I am still working and working. Simplot Co.: potatoes, cattle, fertilizer; 15% of Micron Technology. Kawamoto says he yearns for the day real estate is regarded as respectable, and speculators, who ”don’t invest from the heart,” get out of the market. Apparently he’s annoyed with environmentalist opposition and bureaucratic foot-dragging, which have stalled construction of a huge naphtha cracking plant he wants to build at home. Nejat Eczacibasi started mixing batches of vitamin-fortified cod-liver oil in the kitchen of his apartment. The Ibrahims have no comment. Touched by the desperation of refugees fleeing China in the 1950s, he set up a company, Sung Hung Kai, to build housing for them. So the real estate business ain’t so good these days, and LeFrak’s fortunes are down by about $400 mil. The smart money laughed when he went into bank stocks last year, then promptly followed him. A century later his grandson Freddy glimpsed the power of silver-tongued advertising while on a visit to America, and the Heineken breweries became famous. No one knows how long the octogenarian plans to run the shop this time.
SHOJI UEHARA, 63 and family Tokyo JAPAN $1.7 36% of Taisho Pharmaceutical Co. The ”new” Metromedia owns properties spanning a majority interest in Orion Pictures to New York City’s Empire Hotel. Fred’s early interest in art got him written out of his father’s will, but today he is a noted collector. Packard sometimes presses upon visitors dried apricots from his garden.
ALBERT REICHMANN, 63 PAUL REICHMANN, 62 RALPH REICHMANN, 59 Toronto CANADA $12.8 100% of Olympia York Developments Ltd.: European, Canadian, and American real estate; securities. Since selling off his Massa stores in 1985, Kipp has done something remarkably rare among billionaires: retired.
KIM SEUNG-YUON, 39 and family Seoul KOREA $1.7 43.5% of Korea Explosive. But does he live up to it? Not likely. After serving as a federal prosecutor under Attorney General Robert Kennedy, Sam Heyman took over his father’s real estate development firm in 1968, increased the earnings, and then started dabbling in the stock market. Having President Salinas for an amigo hasn’t hurt. Oetker men are private, the women outspoken. Together with their stepfather, Paul Sacher (see above), Lukas Hoffmann and sister Vera inherited a controlling stake in pharmaceutical giant Hoffmann-La Roche. His divorce from Jacqueline’s mom, Suzanne, was messy, bitter, and followed close on the heels of their wedding.
SAMUEL I. The folksy Nebraskan is America’s most successful investor, and Berkshire Hathaway stock recently traded at a lofty $8,750 per share, its high for the past 12 months.
ARTURO FERRUZZI, 51 FRANCA FERRUZZI, 53 ALESSANDRA FERRUZZI, 36 Ravenna ITALY $2.6 Ferruzzi Finanziaria: agribusiness, energy, newspapers, and 40% of Montedison chemicals. Donald claims ascension into the ten digits has not changed him. Since his death in 1987, the widow has consoled herself with a 40- year-old fiance and shopping trips for jewels and finery. Once hailed as the model European , entrepreneur, De Benedetti has had his share of troubles lately. Fok laid the groundwork for his fortune by supplying arms to the Chinese communists in the 1950s. Shareholders in brother John’s investment firm are alleging that the firm manipulated their investments to further its own interests, and they are demanding that it pay damages. In Germany, one out of every five cups of coffee is made with beans sold by Tchibo, the retailing company founded by the late Max Herz. Ever the connoisseur, Annenberg offered to repaint the New York City mayor’s peeling residence when he lunched there recently.
SIR JOHN MOORES, 95 and family Formby ENGLAND $2.1 100% of Littlewoods Organization: mail order, retail stores, football pools, catalogue shops. DeBartolo Corp.: commercial real estate and professional sports teams. The Weston brothers run two similar businesses on different continents, both of them conservatively. Liebherr’s company is now a leading maker of construction equipment, after Komatsu and Caterpillar. Now I’m just used to it.” Hm-m-m-m-m-mm.
KHALID BIN IBRAHIM AL IBRAHIM ABDUL-AZIZ BIN IBRAHIM AL IBRAHIM Riyadh SAUDI ARABIA $1.2 Securities; real estate. Because of sa maman Madeleine’s advanced years and son frere Claude’s inability, brother Serge runs the company and tries to keep the French government from nationalizing the other 50%.
GAD RAUSING, 69 Sussex ENGLAND HANS RAUSING, 65 London ENGLAND $6.3 100% of TetraPak, liquid-food packaging. ”Oom (Uncle) Liem,” as he is known to close associates, is finding Indonesia too small for his huge appetite. He is seldom idle and supports various social causes, particularly those that try to lower the Turkish birthrate.
HIROSHI YAMAUCHI, 63 Kyoto JAPAN $1.5 15% of Nintendo. Larger than life and — looking like 300 pounds on the hoof — probably larger than any other billionaire, Davis has a legendary knack for the fast buck. Olayan jokes that his favorite food is American hamburgers, but he also appears to have an appetite for American bank shares. But Italy is getting a little cramped, and to finance foreign expansion Berlusconi is planning a public stock offering. Sacher was born to a family of average means and became wealthy by marrying Maja Hoffmann, widow of the heir to Hoffmann-La Roche. She held on to the job long enough to become the self-made electronics magnate’s third Frau. But this unwanted partner has been legally bound to keep what it discovers about the company secret. But he still claims title to one splendid castle, 1,500 very valuable paintings, and a nicely profitable bank.
KENNETH R. Few modern financiers possess sufficient resources to lend funds from their own pockets, and the 19th-century figure of the private banker has largely vanished. Good luck has dogged the Mantegazza brothers and their travel business. Garfield (”Garry”) has built ABF into Europe’s ninth-largest food company, and despite his distaste for acquisitions, recently bought British Sugar. He supposedly owns a stake in Ravenswood, a West Virginia aluminum company. CHANG, 64 Taipei TAIWAN $1.8 74% of Evergreen Marine Corp.; 44% of Uniglory Marine Corp.; 72% of Evergreen Transport Corp.; 12.5% of EVA Airways. After graduation, he and a friend began marketing duty-free liquor and cars to U.S. Si is the guy who allowed Demi Moore’s very pregnant belly to be bared on the cover of Vanity Fair. The modest, inconspicuous Diethelm has never published a shred of financial information about his eponymous conglomerate. He is married with two children.
CHANTAL GRUNDIG, 42 and family Baden-Baden GERMANY $1.0 Inheritance from the Grundig electronics fortune; luxury hotels. Baron Heini’s son George now runs T-B Group, which is headquartered in Monte Carlo and consists of diverse companies, mostly in the U.S.
WILLIAM SOERYADJAYA, 68 and family Jakarta INDONESIA $1.0 84% of Astra International: 300 companies in automobile distribution, agribusiness, finance, forestry, electronics, publishing, and construction. Shin delivered milk and newspapers in his youth, moved to Japan when he was 21, and then made his money in chewing gum. Today, Quelle , thrives. DeVos and business partner Jay Van Andel (see below) started Amway in 1959, but it wasn’t until the 1980s that this quirky company’s sales took off. When John McCaw Sr. There is speculation Camargo was unhappy with the direction of the company he founded. A tough, shrewd businessman who protects his privacy fiercely, Lee set foot on the road to riches — surprise! — in real estate.
HENRY FOK YING-TUNG, 68 HONG KONG $1.3 26% of Sociedade de Turismo e Diversoes de Macau; real estate; hotels. Bill is spending $25 million to challenge Dennis Conner for 1992′s America’s Cup race with a syndicate called America 3.
MONGKOL KANCHANAPAS, 70 ANANT KANCHANAPAS, 49 KEREE KANCHANAPAS, 41 Bangkok THAILAND $1.3 58% of Bangkok Land Ltd.; stakes in a variety of companies in cement, sugar, financial services, metals, cable television, and more. One features a rainbow display of condoms; in another, a good-looking nun plants a sensuous kiss on the mouth of a priest. The Rausing brothers inherited the company from their father, inventor of a tetrahedron-shaped carton that revolutionized liquid-food packaging. 1990 revenues at Otto Versand soared 18% as East Germans discovered the joys of catalogue shopping. Chantal Rubert came into Max Grundig’s life to tutor his operetta-singing second wife, Anneliese. Son Stefan is studying economics.
RINJI SHINO, 82 Wakayama JAPAN $3.0 Diverse holdings in real estate, art, restaurants, gas stations, manufacturing, and services. He and his notorious ex-wife, Patricia, a former model for a British skin magazine, recently finalized what was said to be an amicable divorce. That comes from 31 newspapers, ranging from the Newark Star-Ledger to the Oregonian in Portland, which bring in about twice the revenues of the attention-getting magazines and books.
CARL C. The less-favored son of a Sydney publisher, Kerry Packer went to work as paste hand in his father’s printing plant, gluing together rolls of paper. Remember the gnomes of Zurich? The Tisches are the gnomes of New York. Now that the market is receptive to new issues again, he has sold a chunk of GAF back to the public. Galen runs the North American supermarket chain Loblaws, which has weathered the recession gracefully enough so that he can continue to play polo and hobnob with royalty.
INGVAR KAMPRAD, 65 Lausanne SWITZERLAND $2.0 IKEA home furnishings. Moreover, he is now on trial for fraudulent bankruptcy, though he denies all charges. He’s had more farewells than Judy Garland. Whitney’s older brother, Cargill Jr., is a director.
HUGO MANN, 78 JOHANNES MANN, 38 Karlsruhe GERMANY $1.8 Wertkauf-Mann Group: supermarkets, furniture retailing. Using corks, no less — not screw-tops — to stop some of their bottles, the biggest American winery is putting on the ritz. But he has a majority stake in the nefarious Bank of Credit Commerce International. Lord John personally tastes many products to be marketed under the Sainsbury label.
ROBERT BOSCH JR., 63 Stuttgart GERMANY $1.1 Robert Bosch Co.: auto components, consumer electronics, medical equipment. Wang, Taiwan’s plastics king, has temporarily forsaken Asia for New Jersey. Whitney MacMillan, the founder’s great-grandson, is chairman and CEO of Cargill. The national sweet tooth is keeping the Mars family pocketbook pleasingly plump. The son of an East Prussian immigrant, Annenberg made his fortune publishing the Daily Racing Form, Seventeen, and TV Guide. Just when you get comfortable with it, it takes off,” says Nakajima, a Japanese who left Korea for Japan as a teenager in 1937. Now he has invested in Sotheby’s, which markets pictures and other artworks with considerable panache. Taisho Chairman Uehara’s motto is said to be, Don’t be too hasty, don’t do the impossible, don’t overreach. Though Ernest and Julio may be inching past their prime, the company they founded continues to squash the competition: One out of every three goblets raised in America is filled with Gallo vino.
JAY VAN ANDEL, 67 Ada MICHIGAN $3.0 50% of Amway. Today, Eczacibasi devotes mornings to company business, afternoons to art and sports. STEPHENS, 83 JACKSON T. His style is only a bit cramped by the ten crack former Amsterdam policemen the brewery employs to guard him since he was kidnapped in 1983.
QUEEN ELIZABETH II, 65 London ENGLAND $10.7 270,000 acres of agricultural land; premier London real estate; vast stock portfolio; art; jewelry; stamps; porcelain; furniture; racehorses. But after acquiring 9.8% of the automaker, he stopped and began fruitless negotiations to purchase TWA. He and Doris have lived in the same San Francisco house since 1958. Lately he’s been putting his money into cutlery and sewing machines as well. Goldsmith is familiar with passion. This aggressive growth strategy has kept the world pasta leader safe from a hungry giant like Nestle in a market analysts think is ripe for consolidation.
Y. Recent investments in Swiss resorts and a St. He puts in 15-hour days, including Saturdays, and has been known to follow shoppers around supermarkets to see what they buy.
JACK RUDIN, 67 LEWIS RUDIN, 64 New York NEW YORK $1.2 Rudin Management Co., Manhattan real estate. He started in 1950 publishing a catalogue promoting a line of simple and modestly priced furniture. A gruff, hard-nosed spokesman for smokestack industry and a highly regarded manager, Antonio Ermirio is no flashy tycoon. The family brewery, founded in the 13th century, is the cornerstone of a fortune that has come to include large tracts of land and 15% of a Hamburg bank. But much of his business continues in America. The real estate slump and a sluggish construction industry in Sweden have been a drag on Lundberg Group, which Lars-Erik founded in 1944 and took public in 1983. Swedish by birth, both Rausings avoid exhorbitant taxes by living in England.
KENKICHI NAKAJIMA, 70 and family Kiryu JAPAN $5.6 80.9% of Heiwa, the world’s largest maker of pachinko machines; real estate. Schorghuber has converted Bavarian sheep pastures into office parks, built tunnels in Iran, roads in Nigeria, and apartments in Egypt. ”He’s like Howard Hughes,” says a Bauer employee, ”You don’t see him, you don’t hear him, and + yet he must be around.” Heinz Bauer is indeed around, though so undistinguished looking that he is often mistaken for a low-level clerk at one of his own publications. owns 62,000 acres of mostly raw land, making up one-sixth of Orange County. Sasaki believes most of these unwanted suitors read about him in listings like this one. He’s become more involved since being named vice chairman. Grief has darkened her gold hair, and she’s traded her outlandish punk outfits for sober business suits.
EDWARD GAYLORD, 72 Oklahoma City OKLAHOMA $2.7 Oklahoma Publishing and Gaylord Broadcasting; Opryland USA; real estate. On $1,000 in 1964, he and track coach Bill Bowerman founded Nike. Exuberant, emotional, and generous, he flew his 49ers to Hawaii for a celebration after they won Super Bowl XXIV and hired rock star Huey Lewis to entertain them.
PHILIP H. The ambitious new Campbell Soup CEO David Johnson has boosted operating profits about 30% in the past year and vows to keep the heat high under the pot. WANG, 74 Y. Name an industry and the close-knit Pritzkers, most of whom are lawyers, are probably involved in it. What poisoned relations between the Ferruzzi siblings and Gardini, husband of the eldest sister, could be the subject of grand opera were Giuseppe Verdi still around. Neighbors speak fondly of Thomson, who stops them during strolls to talk about dogs. Older brother Juan has a Ph.D. ”My motto is to live in a manner so that I always have enough time to relax,” says Yamauchi, who is bored by the two most popular billionaire hobbies: golf and art collecting. Hans is now TetraPak chairman; Gad is vice chairman but now and then takes time off to give archaeology lectures at Sweden’s University of Lund. Canadians love to shop — in the U.S. Without Ted Arison there would have been no TV Love Boat. Then he perplexed the business community by selling off Veitscher Magnesitwerke, a leading maker of refractory products he had fought for seven years to buy and had just recently obtained. Fur traders speak less fondly of him, ever since the Thomson-controlled Hudson’s Bay stores stopped selling fur last winter. Van Andel and DeVos have eight children between them — seven are Amway employees.
LI KA-SHING, 63 HONG KONG $2.6 35% of Cheung Kong Holdings: 39% of Hutchison Whampoa, 90% of Canadian Imperial Bank of Commerce, securities, real estate. forswore commerce to study psychoanalysis in Zurich and set up workshops for the disabled. A bachelor, he is bored by golf and would rather spend his days bulldozing land to create new parks in Japan.
ANTON RUPERT, 74 Stellenbosch SOUTH AFRICA JOHANN RUPERT, 41 Zug SWITZERLAND $1.1 20% of Rembrandt Group Ltd.: tobacco, liquor, mining; 9% of Cie Financiere Richemont SA: stakes in luxury consumer good companies, including Montblanc and Cartier. It’s also crushing better grapes and making finer wines. Gallo Winery. Strong ties to the late Shah helped this Pakistani’s business flourish, and he left his four sons some $4 million. Louis MISSOURI $1.8 33% of Cargill Inc. DORRANCE III, 47 Devils Tower WYOMING BENNETT DORRANCE, 45 Paradise Valley ARIZONA MARY ALICE DORRANCE MALONE, 41 Coatesville PENNSYLVANIA $3.1 32% of Campbell Soup Co. When they simultaneously unloaded their husbands, ”los Albertos,” last year, the Koplowitz sisters signed away their stake in Banco Zaragozano and in the investment company Cofir as part of the settlement. Kim’s family grew wealthy in electronics, petrochemicals, construction, and insurance. When consumers in the 1980s turned from the big department stores to more highly specialized retailers, Switzerland’s most powerful department store chain, Maus Freres, was quick to adapt, adding a string of small outlets. From these early profits, Carlson built an eclectic one-man conglomerate.
SULAIMAN ABDUL-AZIZ AL RAJHI, 63 and family Riyadh SAUDI ARABIA $2.4 51% of Al Rajhi Banking Investment Corp.; real estate; agricultural enterprises. In return, Beijing has labeled Fok a ”patriotic capitalist,” a title that will surely be useful to him come 1997.
SALVATORE LIGRESTI, 59 Milan ITALY $1.7 77% of Premafin: stakes in a range of companies, including ceramics, hotels, TV stations, high-speed trains; real estate. Cie, founded in 1790.
EDMUND VESTEY, 59 and family Saffron Walden ENGLAND $1.2 Western United Investment Co.: beef slaughtering and processing, retailing, canned goods, refrigerated shipping, commercial real estate. Seibu Railway stock fell 57% last year, and Tsutsumi lost $5.2 billion. An acquittal is expected.
PIETRO BARILLA, 78 Parma ITALY $1.2 51% of Barilla: pasta and baked goods. After her death, her money — what remains of it! — goes to the Villalta Foundation, to promote medical research.
JOHN CRAIG EATON, 54 FREDRIK STEFAN EATON, 53 THOR EDGAR EATON, 48 GEORGE ROSS EATON, 44 and family Toronto CANADA $1.7 Eaton department stores; 52.7% of Baton Broadcasting; real estate. Gerling’s son, Rolf, chairman of the supervisory board, and Rolf’s three sisters are the heirs.
KARL HEINZ KIPP, 67 Arosa SWITZERLAND $2.3 Commercial and resort real estate; cash. ”We just run a small, family-owned Maritime business,” says James Irving somewhat disingenuously. Like all Gaul, the Schmidheiny empire is in three parts. Ever since Pietro Ferrero mixed the first batch of Nutella, European children have happily devoured tons of the chocolate-hazelnut spread, much the way American kids consume peanut butter. Reportedly cautious and slow to reach a decision, the small, beardless Juffali is known throughout the region as the Ahmed Juffali.
LESLIE WEXNER, 54 and family Columbus OHIO $3.6 32% of the Limited; 7.5% of Sotheby’s Holdings. Fifty years ago young Dr. The father of 41 children, he frequently takes his four-wheel-drive jeep into the desert to hunt and chin-wag with the tribesmen — or maybe just to get away from the kids.
GIANNI AGNELLI, 70 and family Turin ITALY $3.8 39.4% of Fiat Group; art. The Ferruzzis reportedly came to distrust their ambitious brother-in-law, who seemed intent on consolidating power in his own hands. In 1933 he began trading municipal bonds, later adding brokerage and underwriting services to make Stephens Inc. Son Michael runs the family’s London insurance business.
PRINCE SULTAN BIN ABDUL-AZIZ AL SAUD, 65 Riyadh SAUDI ARABIA $1.5 Saudi Arabia’s oil riches. Last year, with sales of $32.6 billion, Wal-Mart outsold not just the mom and pop stores it’s been putting out of business in small towns across America, but also retailing giant Sears, at least domestically. In October he took private the company founded by his father, Emil, in 1916 — though investors can still buy shares of its subsidiaries. He is also an investor in medical and biotech companies.
BARON EDMOND DE ROTHSCHILD, 65 and family Geneva SWITZERLAND $1.5 Cie Financiere Edmond de Rothschild; 7% of Hachette and stakes in other French companies; real estate. Erb has been known to follow battered old cars he spots on the road until they stop and he can convince the driver that he needs a new vehicle — purchased from an Erb dealership, naturally. Catholic guilt seems to have caught up with the Pizza King, who has royal appetites for vintage cars and Frank Lloyd Wright furniture. With 70% of the Japanese market for ball-bearing products, THK is starting to pitch its products overseas. The company’s good reflexes belong to the Nordmann brothers, third-generation retailing pros, but their investment in the U.S. Bettencourt’s famous discretion recently reached epic proportions. A watch vendor at the bazaar in Bangkok’s Chinatown, Mongkol Kanchanapas eventually became the Southeast Asian distributor for Seiko watches. He prefers to sit back with an intellectually taxing Japanese version of chess called igo. But in June he was indicted for allegedly bribing a Milanese city official; he denies the charge.
PRINCE HANS ADAM II, 46 Vaduz LIECHTENSTEIN $1.1 97.7% of the Bank of Liechtenstein; art; real estate. Fifteen years ago Ligresti declared income of less than $50,000 to the tax authorities. Sulaiman’s family made money in construction, and Sulaiman has used it to invest wisely and widely. Considered one of the most powerful men in Dallas, he sends his kids to public school and coaches their sports teams.
ROGER MILLIKEN, 75 Greenwich CONNECTICUT GERRISH MILLIKEN, 74 Spartanburg SOUTH CAROLINA $1.0 34% of Milliken Co.; 31% of Mercantile Stores Co.; real estate. IRVING, 57 New Brunswick CANADA $3.7 Timberland in Canada and Maine; paper mills; Irving Oil; newspapers; shipbuilding; oil tankers. ROSS PEROT, 61 Dallas TEXAS $3.0 Perot Systems Corp.; cash; real estate; oil and gas production. Anyone else would have had to be hospitalized, but Haefner calmly stomached the 81% drop in his Computer Associates stock last year — just after he upped his stake in the ailing software company by two million shares. None of the von Fincks wanted the liabilities associated with owning a bank that had become so big and influential. Giants. Ardent political conservatives, Van Andel and Amway co-founder Richard DeVos are also serious environmentalists. The March brothers inherited it all from granddad Juan March, who came from a family of laborers on the Mediterranean island of Majorca and got his start smuggling tobacco. Today those once feeble publications, including PC Magazine, have mirrored their owner’s return to health and are thriving amid Dickensian hard times in the magazine industry.
SERGIO MANTEGAZZA, 63 GEO MANTEGAZZA, 62 Figino SWITZERLAND $1.4 Globus Travel and Cosmos Tourama; Monarch Airlines; real estate. BRONFMAN, 60 Montreal CANADA PHYLLIS BRONFMAN LAMBERT, 65 and family Montreal CANADA $4.1 37.6% of Seagram Co.; 50% of Huang Danczkay Properties; cash. and John run the company; their sister, Jacqueline, rarely becomes involved with management.
CARLO DE BENEDETTI, 56 Turin ITALY $2.1 45% of Cofide: 43% of Olivetti. Says he: ”Most of my business is liquid. Today the company he founded in 1937 based on that invention ranks among Germany’s ten biggest. Irving companies employ one in 12 New Brunswick residents and own most of the province’s newspapers, in which — not surprisingly — stories about the secretive family seldom appear. An animal-rights activist, Thomson also controls Canada’s second- largest newspaper chain, England’s largest tour operator, and Britannia airways. The Israel-born entrepreneur originated the concept of a cruise as event for the masses — complete with gambling, disco, flowing liquor. ANNENBERG, 83 Wynnewood PENNSYLVANIA $2.1 Cash; real estate; impressionist and postimpressionist art. No exaggeration. Grandson Michael has been scoping out new sites in luxury-starved Canton and Ho Chi Minh City.
EDMOND J. Patriarch K.C., said to be ailing, has turned the reins over to his three sons, who, like Dad, are college dropouts.
KING HASSAN II, 62 Rabat MOROCCO $1.3 Omnium Nord African: mining, manufacturing, real estate; hotels, including the Royal Mansour in Casablanca. Today his sons are known for their philanthropy and for their posh Peninsula hotels, which stretch from Manila to Manhattan. Hunt continues to poke around obscure corners of the world in search of oil. Henri Andre took over the business from his father in 1985. He had to sell properties to pay back loans, and his net worth plunged by $2.3 billion. While in the trenches during World War II, Hans Liebherr, a German, dreamed up a lightweight crane that proved useful in rebuilding his country after the war. He owns stakes in Chase Manhattan, Mellon, and five others. The Queen’s former gynecologist came out of retirement to deliver Gerald Grosvenor’s first son, Hugh, in January. Pietro’s hard-working and deeply religious son Michele now runs the giant candymaker, sometimes testing recipes himself and tinkering with the machines. His younger brother will take over the company in 1996 because Agnelli’s son, Edoardo, according to his father, ”is not a businessman.”
JACQUES MAUS, 61 BERTRAND MAUS, 59 Geneva SWITZERLAND $1.2 50% of Maus Freres: department stores, hypermarkets, restaurants, 42.4% of Printemps. In addition to representing his branch of the family on the Cargill board, Duncan is vice chairman of Waycrosse Inc., the family’s investment firm.
JOSEF SCHORGHUBER, 71 Munich GERMANY $1.1 Munich real estate; 100% Hacker-Pschorr Breweries; construction; aircraft leasing; travel agencies; Coca-Cola franchises
The team has seen many ups and downs. He went and ordered chips and steak with the famous Blue Stilton sauce for dinner. On Monday, the Italian players’ union and representatives of the teams the players held a brief meeting at the conference again after the players union Soccer Jersey president Tommasi statement: “If the new professional league refused to sign the contract, and that Saturday and Sunday we (the players) will sit at home!%u201D And the remaining time, only five days. Es sei noch kein Medizincheck erfolgt und noch kein Vertrag unterzeichnet. | – Experience the glorious past and the vibrant present of FC Barcelona through pictures and news readily available online. While Manchester United could be described as the ultimate defeat, but, as Ferguson put it before the game completely described as the best over the past 10 years final. You will surely give him/her a B or C grade for his answer. So many publishers are looking at competition-intensive 2010, hope and the football World Cup with the Vancouver Winter Olympic Games Dongfeng to earn a bowl full of pot full. The teams of FC Bayern Mnchen, FC Barcelona, AC Milan and SC Internacional de Porto Alegre will meet during the last week of July and football fans will be in for a treat as Bayern Munich defends its win from 2009.
Organised and promoted by car manufacturer Audi AG in 2009 to celebrate their 100th year o …
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Fc Barcelona Y Real Madrid, Los Clubes Más Valiosos En Las Redes Sociales
By: zizou0309 | – El Ftbol Club Barcelona y el Real Madrid son los clubes profesionales con mayor nmero de seguidores en Facebook, seguidos del Manchester United, L.A Lakers, Arsenal, Chelsea, A.C. …
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Distribution Veteran Joined One World Sports’ Executive Team
By: Sydney Hardison | – New York, NY, January 20, 2014 – ONE World Sports, delivering live and exclusive sports from around the world, today announced the appointment of distribution veteran Randy Brown as executive vice president-distribution.
Brown, who most recently led affiliate sales marketing at Outdoor Channel, will report to ONE World Sports President and CEO Alexander “Sandy” Brown (no relation). Everybody eyes upon this particular country, as the country’s boys are pioneers in this sport. United.
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Free Football Players Actually Are Not Free
By: cherry | –
Once upon a time, they are black and white and the name of the river’s lake leg, everyone has exclusive legend, even so, and still no one can escape years sickle for sweep, general MacArthur “old soldiers never die, they only fade away” speech, like this batch of freedom of the best players in the footnotes.
Simplifying Painless Secrets In World Cup Football 2014
By: Forrest Alexander | – The 2014 Globe Cup is 203 days away and road protests in Brazil will appear like a hassle compared to the possible mayhem bad officiating could possibly induce this coming summer. Not long before, go to Dougl …
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Malcolm Spend Nearly 790 Million Purchase Of Manchester United
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Reuters news, Manchester United end in Singapore launch IPO procedure, the reds will achieve initial public offering in the market, plans to raise $ 1 billion dollars, about 610 million pou …
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However More Than Half A Year Since The France Football Team With French Jersey Soccer
By: sdfn | – In 2009, France sport book market suffered “winter”, overall sales dropped by 11%. Initially, just Jose Mourinho stating with the intention of he would move to Real Madrid next season. Listed are the richest football clubs in the world.
Since the Deloitte published annual list of worlds richest football clubs were present in the 90s. Serie A clubs and the players on most major contradiction betwee …
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Heynckes Und Sammer: Eine Zusammenarbeit Auf Zeit – Auch Mit Erfolg?
By: Shasta Bosold | – 1:0 gegen den Drittligisten
7500 Besucher waren zum Gastspiel der Bayern beim Drittligisten SpVgg Unterhaching gekommen. The particular move.
Unquestionably The make in order to semifinals using the Champions Little League ideal took place Friday evenin …
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Audi Cup 2013
By: Audi South Africa | – The 2013 Audi Cup will once again present a top-class exhibition tournament featuring the worlds best players in Munich this July.
This means that even with the federal league season ending in May, soccer fans can still enjoy top calibre international football. Er ist ja eher nicht so der Smiley-Typ. It is amazing to know that they did not only win against FC Manchester City but have made a significant statement of their quest for the title. These clubs have the best players in the world earn revenues in billions. David Alaba schoss das Siegtor in der 83. Laut Dynamo soll Woronins Vertrag bei der Fortuna bis zum 15. Galaxy has won the MLS Cup twice (2002, 2005), the MLS Supporters’ Shield three times ( …
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Watch Barca Real Live Streaming
By: Kalley Jacks | – Worlds most highly anticipated soccer match between Bara and Real, or El clasico, as it is called most of the time, is broadcast a few times a year. Check out the latest FC Barcelona news in the top news sites in the world as well as in the official and other unofficial websites.
Futbol Club Barcelona, nicknamed Bara, is not as much as a …
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Will Milito Follow Mourinho To Madrid?
By: Nov | – At the same time as a outcome of Jose Mourinho gossip that he would move to Real Madrid next season, followed by one of his players, Diego Milito perhaps as well pointed out that he will leave the San Siro next season.
Milito is a third person as well as a following player who reveals with the intention of he perhaps leave Inter in the season in advance. Bei der Umsetzung beider Wnsche knnte es allerdings einige Schwierigkeiten geben. The players, the national soccer associations, the millions of fans and the supporters from across the globe keep waiting for this mega event for every four years. The top ten football clubs on the world are all based in Europe. This amazing event was also a great …
Italian And English Premier League: Prevailing Sports Headlines
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Listings Of The Worlds Richest Football Clubs
By: Sachin Kumar | – The worlds richest football clubs are rated on the basis of their value. Both In the regular competition the Primera Division as in the Copa Del Rey the tension between Barcelona and Real Madrid is huge when they face eachother. A great steak recipe for dinner that is …
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The Official 2010 World Cup Soccer Ball
By: zawat | – Just like as the World Cup happens every four years, so does the official soccer ball changes.
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Fc Barcelona Pictures And News
By: Bibin R. Apart from the official club website, exciting and breathtaking FC Barcelona pictures are in abundance in several blogs, news sites, and websites dedicated to the club. Wobei au …
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The Audi Cup
By: Audi South Africa | – This July, football world stars will once again get together at the invitation of AUDI AG for a final contest before the European football season kicks off with the 2011 Audi Cup. There are some excellent attractions located throughout the city, but here are five of the most interesting that will allow you to see the very best of the city.
1. Minute. The bigger issue is what to see during your stay here. It is likely that Cesc Fabregas, captain of Arsenal team could be hired for midfield and Frank Ribery for the left wing from Bayern Munich. Of late, there is strong rumor of FC Barcelona transfers.
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See The Best Of Munich In These 5 Top Attractions
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By: Jamie Hanson | – Futbol Club Barcelona was started in 29th November 1899. He will be based in Los Angeles and New York.
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International Face Off
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But the lows aren’t really that low. People outside of the poker world commonly see the game as gambling and not like an entrepreneurial job. So I was very much aware that something like playing cards for a living would not go over well until I could prove myself.
When I came around to telling my parents about my occupation, it was totally lost on them even though I was able to live off of poker winnings for years. Have you seen any big challenges because of your gender?
To me, my immediate response was ‘godmother’ just sounded old! I didn’t really think when I responded, “I would like to think of myself as more … I was also really excited to win my first Spadie at the Asia Championship of Poker since the quality of players are so much stronger than your average tournament.
Playing online definitely sped up my learning curve since you see so many more hands than you would playing exclusively live.
I don’t think I sought out to be an entrepreneur per se. I’d be much more concerned if their job involved a high probability of injury like the military or a physical sport. We all pay the same amount money and start with the same amount of chips.
The competitor in me is never happy with anything but winning, so that’s a lot of low moments. One of the beautiful things about the game is the freedom. And then it became the title for the interview.
I played poker for about two years before I told my mum and dad. Some of my early business success was just seeing an opportunity and making the most of it. I’d apply new things I learned into each poker session and then continually review my game and see what mistakes I made so I could improve. I approach poker in the same way.. Guys may say Miss Jane Doe just got lucky after a big win or that she is only sponsored to be a pretty poster girl.
Tell a little more about how you improved your game? Was it books or a mentor? Or just that you kept trying and learning as you go?
My most memorable was the time I won my second Red Dragon title. they started to see that this was a sustainable career path and not gambling.
It’s everything, whether it be books, hand history review, poker players I respect, online sites, etc. But I still love playing and have lots of goals to achieve, so retirement isn’t on my mind at all.
Photography by Kenneth Lim courtesy of PokerStars LIVE Macau
Like business, the poker industry is heavily male-dominated. Obviously I was really happy to win the Red Dragon events. I’ve gone from playing exclusively live to playing exclusively online to now a combination of both. I’m always looking to adapt and adjust, which gives me a lot of flexibility as to how I play.
Poker can be emotionally draining. It took more time, and after I showed I was successful with the trophies, magazine covers, sponsorship, etc. According to Hedon Mob, Lin’s all-time earnings for live tournaments nearly total $500,000.
If/when you have kids, would you want them to go the same route you did and pursue a career in poker?
Originally from Shanghai, China, the 32-year-old Lin has quite the winning track record in her poker career. She became the first female poker player to ever win the Macau Poker Cup Red Dragon main event in 2009. 4 overall in China and No.
You had been quite entrepreneurial before you got into poker — how did you get to become so business-minded at a young age?
Like you said, it’s probably not much different than women in most other businesses. Even jobs like acting, singing and writing are concerns from the point of view of a parent since you are gambling on your ability to find a movie, gig or a publisher. 1 amongst female players in the country. But I also don’t have such a big head to think I’m royalty by any means.
Is it hard to get recognition from male players? Sometimes. I like controlling my destiny, versus putting my life in the hands of someone else. Since I’m based in Macau, I primarily travel and play the Asia Pacific poker circuit so I’m not far from home. The poker part of the question is easy. I still do that today because the game is always changing, and players have so much more information available to them on the internet now.
I don’t know if I have a singular ‘style’ of play. How do you deal with the variance of the game? Could you share with us one of your low and high moments?
I would support them in any career path they choose. I think the description gained popularity after I did a two-part video interview with PokerNews last November.
What would you say is your style at the poker table, and why does it work for you?
But all poker players, men and women, aren’t measured from a single event but from longevity of consistent results. Three years later, Lin won again, becoming the first person ever to win the main event twice and pocketing over $110,000 from that win.
But it took me another six grueling hours – and watching the chip lead going back and forth – to finish off the last opponent. But again, I’d still support it if that’s what they loved and wanted to do.
You’ve been called China’s “Queen of Poker.” How did you get that nickname and how do you feel about it?
I’m blessed to have understanding parents and want to be the same.
Aside from poker, Lin has always had a passion for entrepreneurship. Back in college, she ran a side business fixing computers and buying products overseas for resale on Ebay. That gives me a good feel about different kind of players and what their strategy is. If I bust out of more than one tournament in a single day, that can be more irritating but I just get over it and get ready to play the next day.
I’m pretty comfortable with the swings in poker and keep a balanced life so I don’t really need to ‘deal’ with it. My method is really adapting to my opponents’ tendencies and optimizing decisions based on what I think they’re doing. It was gratifying and exhausting all the same time.
My highs come from the major wins. That gives me time for other passions in life, which is important for me.
In recent years, the popularity of poker in Asia has exploded. Poker will always be a part of my life at some capacity. I think the key is to be passionate about what you do, and if you are, then you’ll find success. I like to go jogging to clear my mind, but that’s regularly and not just when I lose.
Celina Lin is currently part of PokerStars’ Team Asia Pro. But the great thing about poker is that it doesn’t matter what your gender, religion or sexual orientation is. I’m happy with what I’ve accomplished, and being a female is less of an issue nowadays.
Lin was initially introduced to the game, which she fell in love with almost immediately, by a friend back in 2004. If you have the buy-in, you can challenge the best in the game, and that equality is something I love about tournament poker. For those who don’t know, that’s pretty quick when playing for those stakes.
Being someone in your position, girl or guy, requires a lot of time and energy in order to succeed. Even if I played less, you don’t have to really retire from the game like you would in something like tennis. I remember we had nine players remaining in the tournament and it only took four hours to play down to two players. One of the more accomplished players who’s made a name for herself is Celina Lin, known as “China’s Queen of Poker.”
Tell us your most memorable story involving poker.
On one hand, it’s flattering, and I’m confident in what I do. She sees the risks taken in poker as being similar to those taken in business, according to Business Insider.
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According to the Global Poker Index, she currently ranks No. From there, she began reading everything she could about the game and built a bankroll of $10,000 within three weeks.
Recently, Lin dove deeper into her early poker career and what it’s like competing in a male-dominated industry in an email interview with NextShark.
Where do you see yourself in 10 years, and do you see poker as still being a part of your life?
It was taken out of context when the interviewer asked me something to the effect of, ‘As the godmother of poker in China, what is your view on the future of poker there?’
I believe in finding a balance in your life. What are your thoughts on being in a serious relationship when you’re still coming up in life?
What did your parents think of you getting into poker? Did they try to push you to “safer” career alternatives?
That’s something I like to keep for myself. the queen of poker …” but the editing made it look as though I dubbed myself a nickname because the question wasn’t shown. Follow her on Twitter @celina_lin