Monday, October 26, 2009

Saturday, October 24, 2009

Richest person's in the World

William Gates III

Rank: 1 Net Worth: $40.0 bil, Fortune: self made


Software visionary regains title as the world’s richest man despite losing $18 billion in the past 12 months. Stepped down from day-to-day duties at Microsoft last summer to devote his talents and riches to the Bill & Melinda Gates Foundation. Organization’s assets were $30 billion in January; annual letter lauds endowment manager Michael Larson for limiting last year’s losses to 20%. Gates decided to increase donations in 2009 to $3.8 billion, up 15% from 2008. Dedicated to fighting hunger in developing countries, improving education in America’s high schools and developing vaccines against malaria, tuberculosis and AIDS. Appointed Microsoft Office veteran Jeffrey Raikes chief exec of Gates Foundation in September. Gates remains Microsoft chairman. Sells shares each quarter, redeploys proceeds via investment vehicle Cascade; more than half of fortune invested outside Microsoft. Stock down 45% in past 12 months. "Creative capitalist" wants companies to match profit making with doing good.

Warren Buffett
Rank: 2 Net Worth: $37.0 bil, Fortune: self made


Last year America’s most beloved investor was the world’s richest man . This year he has to settle for second place after losing $25 billion in 12 months. Shares of Berkshire Hathaway down 45% since last March. Injected billions of dollars into Goldman Sachs, GE in exchange for preferred stock last fall; propped up insurance firm Swiss Re in February with $2.6 billion infusion. Admits he made some "dumb" investment mistakes in 2008. Upbeat about America’s future: "Our economic system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so." Scoffs at Wall Street’s over-reliance on "history-based" models: "If merely looking up past financial data would tell you what the future holds, the Forbes 400 would consist of librarians." Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming $35 deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim’s), utilities (MidAmerican Energy), food (Dairy Queen, See’s Candies). Also has noncontrolling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo.

Carlos Slim Helu & family
Rank: 3 Net Worth: $35.0 bil, Fortune: self made


Economic downturn and plunging peso shaved $25 billion from the fortune of Latin America’s richest man. Global recession testing his ability to live up to the principles he sets for his employees: "Maintain austerity in times of fat cows." Son of a Lebanese immigrant bought fixed line operator Telefonos de Mexico (Telmex) in 1990; now controls 90% of Mexico’s telephone landlines. Would be a billionaire based on his dividends alone. Biggest holding: $16 billion stake in America Movil, Latin America’s largest mobile phone company with 173 million customers. America Movil and Telmex reportedly planning to jointly invest $4 billion to bolster telecom infrastructure in Latin America. Buying up cheap media, energy and retail assets. Last year took stakes in New York Times Co., former billionaire Anthony O’Reilly’s Independent News & Media and Bronco Drilling; also increased position in Saks. Baseball statistics aficionado, art collector

Lawrence Ellison
Rank: 4 Net Worth: $22.5 bil, Fortune: self made


Database titan continues to engulf the competition; Oracle has racked up 49 acquisitions in the past 4 years. Bought BEA Systems for $8.5 billion last year. Still sitting on $7 billion in cash. Revenues up 11% to $10.9 billion in the six months ended November 30; profits also up 11% to $2.4 billion. Stock down 25% in past 12 months. Invested $125 million in Web software outfit Netsuite; took public in 2007, stock has fallen 80% since. His shares still worth $300 million. Chicago native studied physics at U. of Chicago, didn’t graduate. Started Oracle in 1977. Public 1986, a day before Microsoft. Owns 453-foot Rising Sun; built a smaller leisure boat because superyacht is hard to park. Squabbling in court with Swiss boating billionaire Ernesto Bertarelli over terms of next America’s Cup. Recently unveiled hulking 90-foot trimaran he intends to use to win it.

Ingvar Kamprad & family
Rank: 5 Net Worth: $22.0 bil, Fortune: self made


Peddled matches, fish, pens, Christmas cards and other items by bicycle as a teenager. Started selling furniture in 1947. Opened first Ikea store 50 years ago; stores’s name is a combination of initials of his first and last name, his family farm and the nearest village. Retired in 1986; company’s "senior adviser" still reportedly works tirelessly on his brand. Discount retailer now sells 9,500 items in 36 countries; prints catalog in 27 languages. Revenues up 7% to $27.4 billion in fiscal year 2008. Opened tenth store in China this February; planning to open first in Dominican Republic later this year. Three sons all work at the company. Thrifty entrepreneur flies economy class, frequents cheap restaurants and furnishes his home mostly with Ikea products.

Karl Albrecht
Rank: 6 Net Worth: $21.5 bil, Fortune:self made



Source:Aldi , Age:89, Country Of Citizenship:Germany,Residence:Mulheim an der Ruhr
Industry:Retail.
Germany’s richest person owns discount supermarket giant Aldi Sud. Retailer faring well amid economic downturn; analysts expect its 2008 sales to be up 9.4% to $33.7 billion. Sales in the U.S. up estimated 20% last year to $7 billion. Plans to open 75 U.S. stores in 2009, including first in New York City. With younger brother, Theo, transformed their mother’s corner grocery store into Aldi after World War II. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got northern Germany and the rest of Europe. Retired from daily operations. Fiercely private: little known about him other than that he apparently raises orchids and plays golf.

Mukesh Ambani
Rank: 7  Net Worth: $19.5 bil, Fortune: inherited and growing


Oversees Reliance Industries, India’s most valuable company by market cap despite stock falling 40% in past year. Merging his Reliance Petroleum with flagship Reliance Industries. As part of deal, will exercise right to buy back Chevron’s 5% stake in Reliance Petroleum at $1.20 per share—the same price at which he sold it 3 years ago. Today the stock trades for $1.80 a share. Increased stake in Reliance Industries in October; paid $3.4 billion to convert 120 million preferential warrants into shares. Reliance Petroleum refinery on India’s western coast began operating in December despite falling global demand and declining margins. Late father Dhirubhai founded Reliance and built it into a massive conglomerate. After he died Mukesh and his brother, Anil, ran the family business together for a brief time. But siblings feuded over control; mother eventually brokered split of assets. Brothers may be looking to bury hatchet; played joint hosts at mother’s recent 75th-birthday bash. Has yet to move into his 27-story home that he’s building at a reported cost of $1 billion. Ardent fan of Bollywood films. Wife, Nita, oversees school named after his father.

Lakshmi Mittal
Rank: 8 Net Worth: $19.3 bil, Fortune: inherited and growing


Indian immigrant heads world’s largest steel company; ArcelorMittal was formed via hostile takeover 3 years ago. Stock in company makes up bulk of his fortune; shares at a 4-year low with steel prices down 75% since last summer. Company forced to pay heavy fines after a French antitrust investigation found 10 companies guilty of price-fixing in European steel markets. Arcelor posted $2.6 billion loss in most recent quarter; announced plans to slow acquisitions, cut capital expenditures, pay down debt. Started in family steel business in the 1970s, branched out on his own in 1994. Initially bought up steel mills on the cheap in Eastern Europe. Company bought 19.9% stake in Australia’s Macarthur Coal last year. Also owns pieces of Mumbai’s Indiabulls Group, London’s RAB Capital; owns stake in, sits on board of Goldman Sachs. Holds substantial cash; owns 12-bedroom mansion in London’s posh Kensington neighborhood.

Theo Albrecht
Rank: 9 Net Worth:Net Worth:$18.8 bil, Fortune:self made



Source:Aldi, Trader Joe’s, Age:87, Country Of Citizenship:Germany
Residence:Foehr, Industry:Retail
Runs discount supermarket group Aldi Nord; firm holding up amid economic downturn. Sales expected to hit $31 billion in 2008. After World War II he and older brother Karl transformed their mother’s corner grocery into Aldi. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got the northern Germany stores and the rest of Europe. Unable to operate Aldi stores in U.S., Theo developed discount food store Trader Joe’s; now has more than 320 U.S. stores. Also owns stake in Supervalu. Became a recluse after being kidnapped for 17 days in 1971; said to collect old typewriters; loves golf.

Amancio Ortega
Rank: 10, Net Worth: $18.3 bil ,Fortune: self made


Railway worker’s son started as a gofer in a shirt store. With then-wife Rosalia Mera, also now a billionaire, started making dressing gowns and lingerie in their living room. Business became one of world’s most successful apparel manufacturers. Today Inditex has more than 4,000 stores in 71 countries. Sales: $12.3 billion. Ortega is chairman. Company exported its cheap chic Zara stores to 4 new markets last year: Ukraine, South Korea, Montenegro and Honduras. Stock up 1% in past 12 months, but fortune down because of weak euro. Also has personal investments in gas, tourism, banks and real estate. Owns properties in Madrid, Paris, London, Lisbon, plus a luxury hotel and apartment complex in Miami, a horse-jumping circuit, and an interest in a soccer league. Shuns neckties and fanfare. Daughter Marta works for Inditex; recent speculation suggests she is being groomed to eventually replace her father.
  
 
 
 

10 Longest Bridges in the World

10. Seven Mile Bridge


The Seven Mile Bridge, in the Florida Keys, runs over a channel between the Gulf of Mexico and the Florida Strait, connecting Key Vaca (the location of the city of Marathon, Florida) in the Middle Keys to Little Duck Key in the Lower Keys. Among the longest bridges in existence when it was built, it is one of the many bridges on US 1 in the Keys, where the road is called the Overseas Highway.

9. San Mateo-Hayward Bridge


The San Mateo-Hayward Bridge (commonly called San Mateo Bridge) is a bridge crossing California’s San Francisco Bay in the United States, linking the San Francisco Peninsula with the East Bay. More specifically, the bridge’s western end is in Foster City, the most recent urban addition to the eastern edge of San Mateo. The eastern end of the bridge is in Hayward. The bridge is owned by the state of California, and is maintained by Caltrans, the state highway agency.

8. Confederation Bridge


The Confederation Bridge (French: Pont de la Confédération) is a bridge spanning the Abegweit Passage of Northumberland Strait, linking Prince Edward Island with mainland New Brunswick, Canada. It was commonly referred to as the “Fixed Link” by residents of Prince Edward Island prior to its official naming. Construction took place from the fall of 1993 to the spring of 1997, costing $1.3 billion. The 12.9-kilometre (8 mi) long bridge opened on 31 May 1997.

7. Rio-Niteroi Bridge


The Rio-Niteroi Bridge is a reinforced concrete structure that connects the cities of Rio de Janeiro and Niteroi in Brazil.
Construction began symbolically on August 23, 1968, in the presence of Queen Elizabeth II of the United Kingdom and Prince Philip, Duke of Edinburgh, in their first and thus far only visit to Brazil. Actual work begun in January, 1969, and it opened on March 4, 1974.
Its official name is “President Costa e Silva Bridge”, in honor of the Brazilian president who ordered its construction. “Rio-Niteroi” started as a descriptive nickname that soon became better known than the official name. Today, hardly anyone refers to it by its official name.

6. Penang Bridge


The Penang Bridge (Jambatan Pulau Pinang in Malay) E 36 is a dual-carriageway toll bridge that connects Gelugor on the island of Penang and Seberang Prai on the mainland of Malaysia on the Malay Peninsula. The bridge is also linked to the North-South Expressway in Prai and Jelutong Expressway in Penang. It was officially opened to traffic on September 14, 1985. The total length of the bridge is 13.5 km (8.4 miles), making it among the longest bridges in the world, the longest bridge in the country as well as a national landmark. PLUS Expressway Berhad is the concession holder which manages it.

5. Vasco da Gama Bridge


The Vasco da Gama Bridge (Portuguese: Ponte Vasco da Gama, pron. IPA: ['põt(?) 'va?ku d? 'g?m?]) is a cable-stayed bridge flanked by viaducts and roads that spans the Tagus River near Lisbon, capital of Portugal. It is the longest bridge in Europe (including viaducts), with a total length of 17.2 km (10.7 mi), including 0.829 km (0.5 mi) for the main bridge, 11.5 km (7.1 mi) in viaducts, and 4.8 km (3.0 mi) in dedicated access roads. Its purpose is to alleviate the congestion on Lisbon’s other bridge (25 de Abril Bridge), and to join previously unconnected motorways radiating from Lisbon.

4. Chesapeake Bay Bridge


The Chesapeake Bay Bridge (commonly known as the Bay Bridge) is a major dual-span bridge in the U.S. state of Maryland; spanning the Chesapeake Bay, it connects the state’s Eastern and Western Shore regions. At 4.3 miles (7 km) in length, the original span was the world’s longest continuous over-water steel structure when it opened in 1952. The bridge is officially named the William Preston Lane, Jr. Memorial Bridge after William Preston Lane, Jr. who, as governor of Maryland, implemented its construction

3. King Fahd Causeway


A construction agreement signed on July 8, 1981 led to construction beginning the next year. The cornerstone was laid on November 11, 1982 by King Fahd of Saudi Arabia and Sheikh Isa bin Salman al-Khalifa of Bahrain; construction continued until 1986, when the combination of several bridges and dams were completed. The causeway officially opened for use on November 25, 1986

2. Donghai Bridge


Donghai Bridge (simplified Chinese: ????; traditional Chinese: ????; pinyin: D?ngh?i Dàqiáo; literally “East Sea Grand Bridge”) is the longest cross-sea bridge in the world and the longest bridge in Asia. It was completed on December 10, 2005. It has a total length of 32.5 kilometres (20.2 miles) and connects Shanghai and the offshore Yangshan deep-water port in China. Most of the bridge is a low-level viaduct. There are also cable-stayed sections to allow for the passage of large ships, largest with span of 420 m.

1. Lake Pontchartrain Causeway


The Lake Pontchartrain Causeway, or the Causeway, consists of two parallel bridges that are the longest bridges in the world by total length.[2] These parallel bridges cross Lake Pontchartrain in southern Louisiana. The longer of the two bridges is 23.87 miles (38.42 km) long. The bridges are supported by over 9,000 concrete pilings. The two bridges feature bascule spans over the navigation channel 8 miles (13 km) south of the north shore. The southern terminus of the Causeway is in Metairie, Louisiana, a suburb of New Orleans. The northern terminus is at Mandeville, Louisiana.

10 Most Amazing Temples in the World

Tiger’s Nest Monastery

Tiger’s Nest Monastery, perched precariously on the edge of a 3,000-feet-high cliff in Paro Valley, is one of the holiest places in Bhutan. Legend has it that Guru Rinpoche [wiki], the second Buddha, flew onto the cliff on the back of a tigress, and then meditated in a cave which now exists within the monastery walls.
The monastery, formally called Taktshang Goemba, was built in 1692 and reconstructed in 1998 after a fire. Now, the monastery is restricted to practicing Buddhists on religious retreats and is off-limits to ordinary tourists.

 

Wat Rong Khun

Wat Rong Khun in Chiang Rai, Thailand is unlike any Buddhist temples in the world. The all-white, highly ornate structure gilded in mosaic mirrors that seem to shine magically, is done in a distinctly contemporary style. It is the brainchild of renowned Thai artist Chalermchai Kositpipat.
Actually, the temple is still under construction. Chalermchai expects it will take another 90 years to complete, making it the Buddhist temple equivalent of the Sagrada Familia church in Barcelona, Spain!

 
 
 
 
 

Prambanan

Prambanan is a Hindu temple in Central Java, Indonesia. The temple was built in 850 CE, and is composed of 8 main shrines and 250 surrounding smaller ones.
Nearly all the walls of the temple are covered in exquisite bas relief carvings, which narrate stories of Vishnu’s incarnations, adventures of Hanuman the Monkey King, the Ramayana [wiki] epic and other legends.
Though not the biggest temple in Indonesia (Borobudur is larger – see below), Prambanan makes up in beauty and grace for what it lacks in size.

 
 
 

Shwedagon Pagoda

No one knows exactly when the Shwedagon Paya [wiki] (or Pagoda) in Myanmar was built – legend has it that it is 2,500 years old though archaeologists estimate that it was built between the 6th and 10th century.
Now, when people say "golden temple" they usually mean that the structure is golden in color. But when it comes to the Shwedagon Pagoda, golden literally means covered in gold! In the 15th century, a queen of the Mon people donated her weight in gold to the temple. This tradition continues until today, where pilgrims often save for years to buy small packets of gold leafs to stick to the temple walls.
As if all that gold wasn’t enough, the spire of the stupa or dome is covered with over 5,000 diamonds and 2,000 rubies (there’s even a 76 carat diamond at the very tip!). And oh, the temple housed one of the holiest relics in Buddhism: eight strands of Buddha’s hair.

 

Temple of Heaven

The Temple of Heaven [wiki] is a Taoist temple in Beijing, the capital of China. The temple was constructed in 14th century by Emperor Yongle of the Ming Dynasty (who also built the Forbidden City) as his personal temple, where he would pray for good harvest and to atone for the sins of his people.
The Temple’s architecture is quite interesting: everything in the temple, which represents Heaven, is circular whereas the ground levels, which represent the Earth, are square.

 
 
 

Chion-in Temple

Chion-in Temple [wiki] was built in 1234 CE to honor the founder of Jodo (Pure Land) Buddhism, a priest named Honen, who fasted to death in the very spot. At one point in time, the complex had 21 buildings but due to earthquakes and fire, the oldest surviving building is from the 17th century.
Visitors to the Chion-in Temple must first pass through the largest gate in Japan: the two-story San-mon Gate. The temple bell is also a record setter: it weighs 74 tons and needs 17 monks to ring it during the New Year celebrations.
Another interesting feature of the Chion-in Temple is the "singing" floor of the Assembly Hall. Called a uguisu-bari or nightingale floor, the wooden planks were designed to creak at every footstep to alert the monks of intruders!

 
 
 

Borobudur

In the 19th century, Dutch occupiers of Indonesia found a massive ancient ruin deep in the jungles of Java. What they discovered was the complex of Borobudur, a gigantic structure built with nearly 2 million cubic feet (55,000 m³) of stones. The temple has nearly 2,700 relief panels and 504 Buddha statues.
Until today, no one knows for sure when and why it was built, nor the reason for its complete abandonment hundreds of years ago. Some scholars believe that Borobudur is actually a giant textbook of Buddhism, as its bas reliefs tell the story of the life of Buddha and the principles of his teachings. To "read," a pilgrim must make his way through nine platforms and walk a distance of over 2 miles.

 
 
 
 
 
 

Golden Temple

The Harmandir Sahib (meaning The Abode of God) or simply the Golden Temple [wiki] in Punjab, India is the most sacred shrine of Sikhism. For the Sikhs, the Golden Temple symbolizes infinite freedom and spiritual independence.
The site of the Temple began with a small lake that was so peaceful that even Buddha came there to meditate. Thousands of years later, Guru Nanak, the founder of Sikhism also lived and meditate by the lake.
Construction of the Golden Temple began in the 1500s, when the fourth Guru of Sikhism enlarged the lake that became Amritsar or Pool of the Nectar of Immortality, around which the temple and the city grew. The Temple itself is decorated with marble sculptures, gilded in gold, and covered in precious stones.

 
 
 

Vishnu Temple of Srirangam

The Temple of Srirangam  (Sri Ranganathaswamy Temple [wiki]), in the Indian city of Tiruchirapalli (or Trichy), is the largest functioning Hindu temple in the world (Ankor Wat is the largest of all temple, but it is currently non-functioning as a temple – see below).
The temple is dedicated to Vishnu, one of three Gods in Hinduism. Legend has it that a long time ago, a sage rested and put down a statue of Vishnu reclining on a great serpent. When he was ready to resume his journey, he discovered that the statue couldn’t be moved, so a small temple was built over it. Over centuries, the temple "grew" as larger ones were built over the existing buildings.
The temple complex is massive: it encompasses an area of over 150 acres (63 hectares) with seven concentric walls, the outermost being about 2.5 miles (4 kilometers) long! The walls demarcate enclosures within enclosures, each more sacred than the next, with the inner-most enclosure is forbidden to non-Hindus.
The Temple of Srirangam is famous for its gopurams or entrances beneath colorful pyramids. The temple has 21 gopurams total, with the largest one having 15 stories and is nearly 200 feet (60 m) tall.

 
 

Angkor Wat, Angkor Thom, and Bayon

Last but definitely not least is the largest temple in history and the inspiration to countless novels and action movies of Hollywood: Ankor Wat.
Ankor Wat.[wiki] was built in the early 12th century in what is now Cambodia. The world famous temple was first a Hindu one, dedicated to Vishnu. In the 14th or 15th century, as Buddhism swept across Asia, it became a Buddhist temple.
The Western world’s got a glimpse of Angkor Wat when a 16th century Portuguese monk visited the temple and eloquently described it as "of such extraordinary construction that it is not possible to describe it with a pen, particularly since it is like no other building in the world. It has towers and decoration and all the refinements which the human genius can conceive of." His words still rang true today.
Tourists visiting Angkor Wat usually also visit the nearby ruins of Angkor Thom and Bayon [wiki], two fantastic temples that serve as the ancient capital of Khmer empire.

 
 
 
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