Peter
Australian mining magnate Gina Rinehart is the world’s richest woman.
I just caught this profile while scanning world news at the BBC.
With an estimated net personal wealth of $A29 billion ($US29.3bn, £18.79bn), Rinehart has in recent years gone from being Australia’s richest woman to Asia’s richest woman to arguably the world’s.
Australian business magazine BRW has named her the world’s wealthiest woman, and Citigroup has also predicted that the 58-year-old businesswoman will soon top the global rich list, with more than $100bn (£64.8bn) of assets to her name.
Bloomberg Game Changers: Warren Buffett Revealed
This is a very good biography of Warren Buffett.
What WW2 POW Movies Can Teach You About Not Only Surviving But Prospering as Well
There’s a lot of interest these uncertain days in business ideas and skills which will retain their value in regardless of the economic conditions. If you want to discover one of the best skills to cultivate into a viable business, go rent those old WW II POW movies such as King Rat, Stalag 17, The Great Escape, and Empire of the Sun. Although my memory has faded over the past 30 years since I saw them as a kid, they invariably had a stock character: the trader. This is the POW who starts off with nothing, just like his fellow prisoners, and then parlays some small asset into a business based on wheeling and dealing in anything that has value inside the environment from cigarettes to soap to tooth brushes.
How Did Billionaire Carlos Slim Become the Richest Man in the World?
Life is like a snowball. The important thing is finding wet snow and a really long hill. — Warren Buffett
The answer is that Carlos Slim did it the tried and true old-school way: deal-making. Deal-making is defined here as the acquisition of numerous assets over a prolonged period of time. The intention is to increase the value of the assets so that they can at some point be sold off at a massive profit. Most of these are assets will be businesses. Most are then kept long-term because they are “cash cows,” to reference the famous Boston Consulting Group portfolio matrix. Others maybe flipped after a shorter period of time.
Charlie Rose talks with Brazilian billionaire Eike Batista about how he got started, his management and investing style, and philosophy. Eike is one of the most candid tycoons today. He has a shot at becoming the richest man in the world due to his oil holdings.
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