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March 9, 2007
Forbes Billionaire’s stock pick reviewed, Fri., Mar. 9, 2007, 4:33 PM
When billionaires talk, Bill Cara listens. And apparently when Bill Cara talks, the editors at Forbes are listening.
Posted by Posted by Bill Cara on March 9, 2007 04:33:06 PM | Category: Cara Global 100 Best Companies
Discourse
Help needed....
Not related to Bill's post but I need help and there is probably no better place than here with 100 of thousands of visitors daily.
Where can I get free historical quotes for stocks which have been removed or merged ? Yahoo only give access to historical data of tickers currently existing. For backtesting purposes, those data are essential.
Thank for your advise.
Posted by: chartpattern
at
March 9, 2007 11:56 PM [link]
Congratulations Bill!
And thanks again for making the markets and economy so understandable.
Posted by: Eric
at
March 10, 2007 7:09 PM [link]
ALOHA !!
Good to see you are being recognized by "billionaires" !!!
Speaking of "billionaires" Forbes put out their "BILLIONAIRE CLUB" !!
More billionaires ... please !!!
Steve Forbes claims there are more billionaires because of better global economic conditions. I do not ... I believe it is due to global inflation of the money supply. Every country in the World now has a corrupt fiat currency which
is pumping up money supply on average 10% annually for Western countries and in some cases more than 15% in the less developed countries, especially in Africa.
Look at reality please ... REALITY CHECK ... You can be an instant millionaire on just about any TV game show now !!!
In the article below Steve Forbes remarks, "Never in history has there been such an advance." Well, conversely NEVER IN HISTORY HAS THERE BEEN SO MUCH MONEY PRINTED either ... Such is the illusion of wealth in a fiat based monetary system and economy.
The "Billionaire Club" would shrink dramatically if it were measured using "inflation adjusted" dollars. Still let them have their fun ... let the parade continue!! Perhaps in ten years we'll see the beginning of a new club ... "The Trillionaire Club"!
Here's the secret: THE VALUES OF ASSETS ARE NOT GOING UP ... VALUES OF PAPER DOLLARS ARE GOING DOWN !! Hence ... more billionaires ... please !!!
READ ON:
Billionaire club membership jumps
Rival billionaires are fast catching up on Microsoft's Bill Gates Membership of the world's billionaire club has swelled to almost 1,000, while members' net worth has risen by 35% on last year, according to Forbes.
A record 946 billionaires - worth a total of $3.5 trillion (£1.82 trillion) - now exist, up from 793 last year.
Microsoft founder Bill Gates held the top spot for the 13th year in a row with a net worth of $56bn.
Forbes put the increase in wealth down to surging commodity prices, real estate and strong equity markets.
"In the last five years... despite all the turmoil in the world, all the conflict in the world, the global economy in real terms expanded over 25%," said Steve Forbes, the magazine's editor-in-chief.
"Never in history has there been such an advance."
Closing the gap
But while the billionaire club's membership is growing, Mr Gates' lead appears to be diminishing as his fortune increased by a mere $2bn from last year.
TOP FIVE BILLIONAIRES 2007
Bill Gates (US, Microsoft) - $56bn
Warren Buffett (US, investor) - $52bn
Carlos Slim (Mexico, industrialist) - $49bn
Ingvar Kamprad (Sweden, Ikea) - $33bn
Lakshmi Mittal (India, steel) - $32bn
In second place, investment guru Warren Buffet is now worth $52bn - up from $42bn in 2006.
Meanwhile, Mexican telecoms giant Carlos Slim Helu held onto third place as his wealth surged by $19bn to $49bn.
And while the fortunes of the rich swelled, so did the list of countries where the wealthy came from.
Forbes Billionaire list now features 53 nations, including its first billionaires from Serbia and Romania.
Record year
"This growth in the billionaires list is a mere reflection of a dynamic global economy. More people are better off on this Earth than ever before," Mr Forbes said.
"This boom goes beyond commodities. One of the things that has facilitated this global boom, bringing hundreds of millions of people into the global economy is of course technology," he added.
TOP FIVE BRITISH BILLIONAIRES
Duke of Westminster (real estate) - $11bn
Philip & Christina Green (retail) - $7bn
Reuben Brothers (real estate) - $4.5bn
Simon Halabi (real estate) - $4.3bn
Richard Branson (Virgin) - $3.8bn
"This is the richest year in human history."
Russian oligarchs and Asian entrepreneurs were once again key themes dominating the list.
Russia added 19 newcomers to the list, while Chelsea owner Roman Abramovich remained the richest Russian, with a net worth of $18.7bn.
One odd quirk of the list was the fact that the UK boasts fewer billionaires than those living in London.
The UK can name Harry Potter author JK Rowling, retail tycoon Philip Green and Formula One boss Bernie Ecclestone among its list of 29 billionaires.
But London is in fact home to 34 billionaires - with Indian steel magnate Lakshmi Mittal topping the list with a fortune of $32bn.
Posted by: kaimu
at
March 10, 2007 9:16 PM [link]
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I knew you weren't going to remain my special find to share with friends.
Bravo!
Posted by: GemmaStar
at
March 9, 2007 11:07 PM [link]