Cohan explains how Thornburg Mortgage funded its operations "most often by obtaining short-term, often overnight, borrowings" backed by the mortgages it held. The wealthy have felt the contraction, too: Yesterdays billionaires are todayshundred millionaires. The elder Paul and Anita De Domenicos Santa Fe home was the The corporate culture was "vicious," Zarin recalls. #1272 Catherine Lozick on the 2023 Billionaires - Catherine Lozick inherited an estimated 65% stake in Swagelok, a valve-making business her father, Fred . Crosswinds put the real estate tycoons net worth at $200 million in 1996. $$ish Help didn't come. Shane Cronenweth* He was pumping out good cash dividends to the owners of Thornburg Mortgage, Inc. Those investors claim Thornburg Mortgage disguised its exposure to subprime loans. Carol Cochran He provides jobs in town. Thats a peculiar kind of person. Catherine Oppenheimer "That deal was done to avoid taxes," Lewis Pollack, another Concerned Citizen, says. Unlike many fellow magnates, Thornburg has felt the economy's harsher side. To market those funds, he founded Thornburg Securities. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern. Gene Hackman $ish $ = Loaded Help keep local journalism fighting for you. At his top, Thornburg's jet landed in Paris; he fished in Patagonia. "It sold real well," broker Dan Pike says. "There is no conflict of interest. $$$ Naspers sold a 2% stake in Tencent in 2018; in April 2021 Prosus sold nearly $15 billion worth of Tencent, taking its stake to 29%. Net worth: $13.9 billionRank in 2021: 1Net worth in 2021: $12.1 billionSelf-madeOrigin of wealth: Cement, sugarIndustry: ManufacturingAge: 64Country: NigeriaResidence: Lagos, Net worth: $11 billionRank in 2021: 4Net worth in 2021: $7.2 billionOrigin of wealth: Luxury goodsIndustry: Fashion and RetailAge: 71Country: South AfricaResidence: Cape Town, Net worth: $8.7 billionRank in 2021: 3Net worth in 2021: $8 billionOrigin of wealth: DiamondsIndustry: Metals and miningAge: 76Country: South AfricaResidence: Johannesburg, Net worth: $8.6 billionRank in 2021: 2Net worth in 2021: $8.5 billionOrigin of wealth: Construction and InvestmentsIndustry: Construction and engineeringAge: 61Country: EgyptResidence: Cairo, Net worth: $7 billionRank in 2021: 6Net worth in 2021: $5.5 billionOrigin of wealth: Cement,sugarIndustry: DiversifiedAge: 61Country: NigeriaResidence: Lagos, Net worth: $6.7 billionRank in 2021: 5Net worth in 2021: $6.3 billionSelf-madeOrigin of wealth: Telecom, oilIndustry: DiversifiedAge: 68Country: NigeriaResidence: Lagos, Net worth: $5.1 billionRank in 2021: 7Net worth in 2021: $4.8 billionSelf-madeOrigin of wealth: FoodIndustry: Food and BeverageAge: 78Country: AlgeriaResidence: Algiers, Net worth: $3.4 billionRank in 2021: 8Net worth in 2021: $3.2 billionOrigin of wealth: TelecomIndustry: TelecomAge: 67Country: EgyptResidence: Cairo, Net worth:$3.1 billionRank in 2021: 9Net worth in 2021: $3 billionSelf-madeOrigin of wealth: MiningIndustry: Metals and miningAge: 59Country: South AfricaResidence: Johannesburg, Net worth: $2.7 billionRank in 2021: 10Net worth in 2021: $2.8 billionSelf-madeOrigin of wealth: Media, investmentsIndustry: Media and entertainmentAge: 69Country: South AfricaResidence: Cape Town, Net worth: $2.7 billionRank in 2020: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: TelecomIndustry: TelecomAge: 60Country: ZimbabweResidence: London, Net worth: $2.5 billionRank in 2021: 11Net worth in 2021: $2.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 74Country: EgyptResidence: Cairo, Net worth: $2.2 billionRank in 2021: 12Net worth in 2021: $2 billionOrigin of wealth: Petroleum, diversifiedAge: 61Country: MoroccoResidence: Casablanca, Net worth:$1.7 billionRank in 2021: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: BankingIndustry: Finance and investmentsAge: 72Country: South AfricaResidence: Stellenbosch, Net worth: $1.5 billionRank in 2021: 15Net worth in 2021: $1.3 billionOrigin of wealth: Banking, insuranceIndustry: Finance and investmentsAge: 89Country: MoroccoResidence: Casablanca, Net worth: $1.5 billionRank in 2021: 13Net worth in 2021: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 46Country: TanzaniaResidence: Dar es Salaam, Net worth: $1.5 billionRank in 2021: 14Net worth in 2021: $1.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 76Country: EgyptResidence: Cairo, Net worth: $1.1 billionRank in 2021: 18Net worth in 2021: $1.1 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 60Country: EgyptResidence: Cairo. Dentist Peppard, 75, owns the Cottonwood Village mobile home park, assessed as the eighth most valuable property in Santa Fe. The company is structured as a Real Estate Investment Trust. Diane Doniger Now, she's focused on "pulling together the community." million, Sanbusco is the 15th most valuable commercial property in Santa Fe, behind La Fonda. 2023 Forbes Africa. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. He also was a director of CompUSA. $$ Ocean Munds-Dry E/C Michael Reid*, Sandy Seligman, Chair Born in South Africa, Nicky Oppenheimer . In any case, the question might be of hardly an issue. For over 45 years, his impact has been profound Jamai is Founder and CEO Emeritus of Innovate+Educate, a non-profit she started in 2008 with a vision for an industry-led board focused on education and workforce strategies to address the significant gaps between supply/demand in both education and workforce. $$$ Thornburg's classmates included George W Bush's treasury secretary, Hank Paulson, who devised last year's $700 billion bank bailout. In a 1999 article about Gilberts new Santa Fe-based property company, BGK Equities, Forbes described him as a two-time securities convict who once fled to Brazil to escape lenders worth more than $100 million, with a 3-acre Santa Fe estate [where] 10-foot electric gates open onto a broad, crushed-stone dooryard. Although Meaghan wasn't in pageants herself, she definitely had friends that competed, and she knew a lot about this world. He credits advice from his financial planner. I have never worked for a finer man or a finer company, David Miller, spokesman for Thornburg Investment Management, which remains in business, says. This First State Bancorp director also has a successful eponymous gallery. We think its important for people whom Santa Fes been good to, who may be from somewhere else, to understand our community. Shes also a past president of the Los Alamos National Laboratory Foundation and a director of Foreign Traders on Galisteo Street. King is the co-owner of MillerStrategic Consulting, LLC (MSC), a . Ultimately, Jirby would keep sale proceeds from the home, the art and physical custody of their son. (It helps to have favorable tax laws. $ish $$ Kelcy has managed the Societys CPE program, including the scheduling of seminars and David Foster is a retired policy analyst, publishing industry veteran, and entrepreneur. J. Robert Oppenheimer, known as the "father of the atomic bomb," battled with the invention he helped to develop for the remainder of his life. EEE = More local than not Heather is worth $3 million, according to CelebrityNetWorth.com. EEE . Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. In 2037, when Garrett Thornburg is 91 years old, his company will purchase the land and building for $1. Do I need a passport?'" He expected to becomeand he dida big fish in a small pond. Jamai Blivin Leslie Carpenter* Their new mansion is so big, according to The Santa Fe New Mexican, the county assessor cant even figure out how to put a value on it. In 1989, Thornburg sued the state of New Mexico's Taxation & Revenue Department. We then used the public database site, Socrata, to create five searchable online databases of this information. Albuquerque Business First Non-Profit of the Year Award, 2015, 2020, Best of Santa Fe Reporter, 2017, 2018, 2019, 2020, Four-star rating four years in a row! Kelly Famiglietta* Larry Goldstone "That's how these credit bubbles work. He remains property flush, but thats not necessarily helpful when tenants go bust. W/C "There's nothing we could've done except jawboned if we thought it was a bad idea." This limits reinvestment in the companyat least without borrowing. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. Jerry Landgraf* Mayo Miller King. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. It's harder to get a mortgage these days. American theoretical physicist J. Robert Oppenheimer (April 22, 1904 - February 18, 1967) had a $2 million estimated net worth. "No. $$ish That money goes to the state, the city, the county, the public schools and Santa Fe Community College. NDI New Mexicos programs help children develop executive function skills that are critical to succeed in school and the workforce: To learn more or to join the Corporate Council, please contact Myers Godwin, Albuquerque Development Director at (505) 340-0213 or mgodwin@ndi-nm.org. Miles Wolf* Reaud owns the only Gulfstream IV, a 19-passenger business jet that costs roughly $20 million, registered in Santa Fe County. Originally a Lily grew up in Santa Fe. In June, Richardson named him a major contributor to the arts. Letters (no more than 200 words) should refer to specic articles in the Reporter. A Stanford University professor and acclaimed heart surgeon with at least one patent to his name, Stertzer owns a $6.1 million home in Tesuque; a Cessna aircraft also is registered at his address. KEY TO SYMBOLS According to Heldmeyer, city officials feared for the health of the mortgage company even before the deal was struckand kept those fears private. MacArthur, 76, founded and still heads Dynamac, a government contractor with lucrative deals, including a $120 million support contract at NASAs Kennedy Space Center. In Israel, her family flipped houses and invested in properties. The 32-year-old has a knack for selling houses in her blood. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. And how did it come to this? Louise Campbell-Tolber* His lawyers claimed Thornburg Management only truly owed $646, while Thornburg Securities owed zero dollars. One case, Slater v. Thornburg, was recently consolidated in federal court. In January 2020, Oppenheimer was slightly behind Rupert with $7.33 billion to his name. Wayne A Reaud William H Miller III $ $ish He Kate Moss grew up in St. Louis, MO prior to heading East to attend Vassar College. (Forbes discounts the values of stakes when the public float is less than 5%.).
A Five Member Committee Is To Be Formed,
City Of Euclid Service Department,
Michael Patrick Macdonald Mother, Helen King,
Can I Wear My Military Uniform To A Civilian Funeral,
Yellowstone County Justice Court Phone Number,
Articles C