Sunday, December 14, 2014

The World's Richest People By Region Part 2

the world's richest people by region
In First Part of The World's Richest Person by Region article, I wrote about North America's Richest Person (Bill Gates), Europe's Richest Person (Amencio Ortega) and Asia's Richest Person (Li Ka-Shing) But, after I published the article and It reached thousands visitors, Asia's Richest Person changed from Li Ka-Shing to Jack Ma. Business world changes so quick but I was prepared, I already wrote about Jack Ma and Alibaba.

Anyway, as I promised, in the second part we will look at the different regions such as Africa, Oceania and my favorite Middle-East. So, let's begin;

Aliko Dangote Africa

Aliko Dangote, Chairman of Dangote Group is not only the richest person in Africa, also he is the richest black man in the World and 23th in the World with net worth of $21,5 billion.

Like everywhere in Africa, If you look at the Africa's Top Richest Ranking, you can see that even between `billionaires` there is a huge inequality. Why? As I mentioned, Aliko Dangote's net worth is $21,5 billion.So, What is the net worth of the second richest man in Africa? Just $7 billion. (Just..)

However, Dangote Group is the biggest cement manufacturer in Africa and controlling the market completely. They operate mostly in Nigeria and other West-African countries with 25.000 employees.

What is more, Dangote Group controls another markets in Africa such as sugar and flavor. If you drink beverages or eat any candy which made in Africa, inside, there was Dangote Group's sugar.

Aliko Dangote's biggest advantage is there was/is no competitor and Dangote Group always acts as Monopoly in Africa. As you can understand, Aliko Dangote used this advantage and become the richest man in Africa.

Just Cement and Sugar made him billionaire. He didn't create Microsoft or ZARA. But Aliko Dangote understood the demand of the market, what his advantage is. He was at the driver-seat, while Nigeria was becoming the Africa's largest economy.

Oceania 

Gina Rineheart
Gina Rineheart also known as `Mining Quenn` is the richest person in the Oceania since 2011 (New Zealand & Australia),6th richest women in the World and 76th in the world with net worth of $13 billion.

Specially in Australia, She has a lot of haters but that doesn't change her company (Hancock Prospecting)'s success. Hancock Prospecting is the biggest iron-ore trading company in Oceania and newly added oil and gas mining to the company's portfolio.

Moreover, she is not the founder of the company, her father, Lang Hancock was the founder of Hancock Prospecting and after her father's death in March 1992, She became the Chairman of  Hancock Prospecting. Gina Rineheart changed the Hancock Prospecting's mining prospectives and reached bigger success than her father.

She is active in politics, always on the news by her private life and lastly, Gina Rineheart was on the news last month because she quits Channel Ten Boards because `She is so busy with her mining company`


Middle-East

prince al-waleed bin talal
Some people born lucky and start their business with more advantages like Prince Al-Waleed bin Talal. Why? Let's look at the Al-Waleed's family tree; His uncle is King Abdullah of Saudi Arabia, His one grandfather is Ibn Saud (First King of Saudi Arabia) and his another grandfather is Riad Al Solh, the first Prime Minister of Lebanon.

If you have a family tree like that all the doors are open. Anyway, he studied Business Administration in Manlo College in California at 1979. When He finished his studies, he directly went back to Saudi Arabia and started to do real-estate business during the oil boom and earned a fortune. He was in the Forbes first-time in 1988.

Why Prince Al-Waleed bin Talal is also known as `Arabian Warren Buffett`? He first became famous in the west when he bought shares of Citicorp while company was in the crisis. His $550 million investment, saved Citicorp in that time and now his company (Kingdom Holding Company) owns $1 billion in Citibank. (Approximately 14% of the company's shares)

Arabian Warren Buffet also invested at media and technology companies such as Apple, AOL and Motorola. But Prince Al-Waleed bin Talal's best deal was Twitter; Al-Waleed invested $300 million to the Twitter and this investment gave Al-Waleed's Kingdom Holding more than 3% of the company which worth now more than $5 billion.

Al-Waleed bin Talal is also known by his real-estate deals in Europe. Lastly, he purchased famous Savoy Hotel in London for $500 million and his real-estate firm has large stakes in Four Seasons Hotel Chain and Plaza Hotel in New York.

The funny thing about Prince Al-Waleed bin Talal is He feels insulted because in Forbes' Billionaire List, he was the 35th and He thinks his fortune is undervalued by $10 billion. Normally, most of the billionaires will celebrate that this year they are on the `Forbes' Billionaire List` again but for Prince Al-Waleed, being 35th is shameful!




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