Monday, September 20, 2010

How Billionaires Created New Money...!!!

How Billionaires Create New Money

Do you know that How Billionaires become Billionaires? You may be surprised by knowing that the Billionaires become billionaires not by earning billions of dollars via their businesses but the billionaires become billionaires by printing billions of new dollars in the economy out of thin air legally….!!!

Surprised????

But well, This is the Truth. All the Forbes Billionaires in this world are basically not the wealth builders but they are in reality the wealth creators.

Bill Gates, the world’s Second Richest Person (Forbes 2010) and the Founder of the Microsoft is a Wealth Creator. He created more than $ 50 Billion by taking his Business Microsoft corporation to the public.


Average Income For Billionaires

You will be surprised by knowing the salaries of some famous Forbes Billionaires. Here are the salaries of two great billionaires.

01) Steve Jobs – Annual Salary $ 1 – Net Worth – $ 5.5 Billion

Steve Jobs is the Founder and CEO of Apple Corporation. In 2010, Forbes estimated his net worth to be US $ 5.5. Billion making him world’s one of the most richest person.

How much Steve Jobs receives in his annual salaries? Well, just $ 1 per Annum. Rest of the money he receives as a bonus and remunerations.

02) Warren Buffet – Annual Salary $ 100,000 – Net Worth – $ 50 Billion

Warren Buffet is the Legendary Investor also known as Oracle of Omaha. His Net Worth is US $ 50 Billion making him world’s third richest person. And his Annual salary from his own company Berkshire Hathaway is just $ 100,000.

03) Mukesh Ambani – Annual Salary Rs.45 Crores – Net Worth – $ 29 Billion

Mukesh Ambani’s Net worth is US $ 29 Billion according to Forbes 2010 making him world’s 4th richest person and he annually receives just Rs.45 Crores (US $ 9 Million). In comparison to his empire, his annual salary is very minimal.


Virendra Mahaiskar

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Virendra Mahaiskar Biography, IRB Infrastructure, Profile, Net Worth, Forbes Billionaire

Virendra Mahaiskar is the the Indian Real Estate Businessman and a Business tycoon. In 2010, Forbes has estimated his net worth US $ 1.0 Billion making him India’s Top 50 richest persons.

Virendra Mahaiskar is the Chairman of IRB Infrastructure which he founded in 1998 after taking over family’s road building business. In 2008, the company went public and listed on the Indian stock exchange soaring his wealth to $ 1 Billion mark.


G V Krishna Reddy

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G V Krishna Reddy Biography, wiki, GVK Group, Profile, Net Worth, Indian Billionaire

Mr. G V Krishna is the Indian Businessman and a Forbes Billionaire. In 2010, Forbes has estimated his net worth US $ 1.0 Billion making him India’s Top 50 richest persons.

G V Krishna is the Chairman of GVK Group. GVK is a diversified business house. With a predominant focus on infrastructure - power, roads and urban infrastructure. The Company also have a significant position in services and manufacturing.


Shahid Balwa

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Shahid Balwa Biography, wiki, db realty, Profile, Forbes Billionaire, wiki and College drop out billionaire

Shahid Balwa is the College drop out Gujarati Billionaire Business tycoon. In 2010, Forbes has estimated his net worth US $ 1.0 Billion making him India’s top 50 richest persons.

Balwa is the Real Estate Business Tycoon made his fortune from DB realty.


Rakesh Jhunjhunwala

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Rakesh Jhunjhunwala Biography, Equity Investor, India’s Warren Buffet, Portfolio, Birthday, House, Net Worth, Forbes Billionaire and Indian Investor

Rakesh Jhunjhunwala is the Indian Investor cum trader and residing in Mumbai, India. In 2010, Forbes has estimated his net worth to be US $ 1.0 Billion making him India’s Top 50 richest people.

He is one of the most famous and respected equity investors in India and manages his own portfolio as a partner in his asset management firm, Rare Enterprises.Rakesh Jhunjhunwala is the son of an Income tax officer who started dabbling in stocks while in Sydenham college and plunged into investing as a full time profession soon after completing his education. He started his career with $100 in 1985 when the BSE Sensex was at 150. He made his first big profit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. Between 1986 and 1989 he earned Rs 20-25 lakhs. His first major successful bet was iron ore mining company Sesa Goa. He bought 4 lakh shares of Sesa Goa in forward trading, worth Rs 1 crore and sold about 2-2.5 lakh shares at Rs 60-65 and another 1 lakh at Rs 150-175. The prices then went up to Rs 2200 and he sold some shares.


Benu Gopal Bangur

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Benu Gopal Bangur Biography, Shree Cement, Forbes Billionaire, Profile, Net Worth

Benu Gopal Bangur is the Indian Businessman and a billionaire business tycoon. In 2010, Forbes has estimated his net worth to be US $ 1.0 Billion making him India’s Top 50 richest persons.

Benu Gopal is the founder and Chairman of Shree Cement.


Rakesh Wadhawan & Family

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Rakesh Wadhawan & Family Biography, profile, Dewan Housing & Finance, Housing Development & Infrastructure Limited (HDIL), Forbes Billionaire, Net Worth

Rakesh Wadhwan is Indian Real Estate Business Tycoon. Forbes has estimated his net worth US $ 1.0 Billion in 2010 making him India’s Top 50 richest people.


K Anji Reddy

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Dr. K. Anji Reddy

Kallam Anji Reddy Biography, Profile, Net Worth, Forbes Billionaire, Dr.Reddy, Life History

Dr. Kallam Anji Reddy is the Indian Entrepreneur and a Billionaire Business tycoon. Forbes has estimated his net worth US $ 1.0 Billion in 2010 making him India’s Top 50 richest people.

K Reddy was born in 1940 in Tadeepalli in Guntur District, Andhra Pradesh, India.

He is the Founder and chairman of Dr.Reddy’s Laboratories – India’s Second largest pharmaceutical company.

Dr. Reddy has founded in 1984 by Dr. K. Anji Reddy, has become India's second biggest pharmaceutical company. Dr. Anji Reddy had worked in the publicly-owned Indian Drugs and Pharmaceuticals Ltd. Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas. The company has over 190 medications, 60 active pharmaceutical ingredients for drug manufacture, diagnostic kits,critical care, and biotechnology products.


Ajay Piramal

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Ajay Piramal Biography, Family, Profile, Forbes Billionaire, wedding, Son and Net Worth

Ajay Piramal is the Indian Businessman and a Forbes Billionaire. In 2010, Forbes has estimated his net worth to be US $ 1.0 Billion making him India’s Top 50 richest people.

Ajay Piramal is the chairman of Piramal Enterprises Limited, India’s Second largest pharmaceutical company with the presence in Cardio-vascular segment, Antibiotics segment and respiratory and many other segments.


Rahul Bajaj

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Rahul Bajaj Biography, Family, Profile, Forbes Billionaire, Daughter, Children and Bajaj Auto

Rahul Bajaj is the Indian Businessman, Industrialist, Politiciam, Forbes Billionaire and the member of Indian Parliament. In 2010, Forbes has estimated his net worth to be US $ 1.1 Billion making him India’s Top 50 richest persons.

Rahul Bajaj is a son of Rajasthani Businessman Jamnalal Bajaj.

Rahul Bajaj is the Chairman of Bajaj Auto, a leading Indian Automobile Manufactures started by his father Jamnalal Bajaj in 1945.


Vikas Oberoi

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Vikas Oberoi , Oberoi Construction, Forbes Billionaire, Wife Gayatri Joshi, builder, gossip and photos

Vikas Oberoi is the Indian Real Estate Billionaire Tycoon. He inherited his fortune – Oberoi Construction.

He is the Promoter of Oberoi Construction.

Oberoi Constructions, the group was established in the early 1980s and since its inception, has evolved into a real estate developer focused on premium developments in Mumbai. Oberoi Constructions, later re-branded as Oberoi Realty.

His Wife Gayatri Joshi is a Former Bollywood Actress.

He married to Gayatri Joshi in 2005.


Anand Jain

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Mr. Anand Jain

Anand Jain Biography, Jai corp, Reliance, Mukesh Ambani Close Friend, SEZ and Forbes Billionaire

Anand jain is the the Chairman of Jai Corp Limited, Navi Mumbai SEZ Pvt. Ltd. Mumbai SEZ Limited, Reliance Haryana SEZ Ltd & Urban Infrastructure Venture Capital Private Limited(UIVCPL). He has 25 years of experience in various businesses, with an expertise in real estate, finance and capital markets.

Mukesh Ambani's (No. 1) school buddy and close confidante. Chairs listed Jai Corp, named after his father Jai Kumar. Has interests in plastics, steel, infrastructure and real estate. Farmers' protests have delayed its project to build special economic zones near Mumbai in partnership with Mukesh's Reliance Group.

Senapathy Gopalkrishnan
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Senapathy Gopalkrishnan and Family Biography

Senapathy Gopalkrishnan also known as Kris Gopalkrishnan is a CEO and President of Infosys Technologies, India’s leading Software and ITES company which he co-founded with N R Rayaran Murthy, Nandan Nilekani and 5 other Co-founders.

Kris was born in 1955 in Trivnedrum, Kerala, India.

Kris obtained M.Sc. (Physics) in 1977 and M. Tech. (Computer Science) in 1979, both from IIT, Madras. He started his career with Patni Computer Systems (PCS), Mumbai as a Software Engineer in 1979 and quickly rose to become an Assistant Project Manager by 1981. His seminal contribution during his stint at PCS was the development of a distributed process control system for controlling the LD converters at Rourkela Steel Plant.


Rama Prasad Goenka

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Rama Prasad Goenka Biography

Rama Prasad Goenka is the Indian Businessman and the former member of parliament. In 2010, Forbes has estimated his net worth US $ 1.3 Billion making him India’s Top 50 richest person.

R P Goenka is the chairman of the RPG Group, a multi sector Indian Industrial Conglomerate.

Rama Prasad Goenka, founder of the Rs 13,000-crore (Rs 130-billion) RPG Enterprises, lives a life of a retired family patriarch in Kolkata today.

Goenka was born on 1st March 1930 and has two children Harsh Goenka and Sanjiv Goenka.

The RPG Group one of India's largest industrial conglomerate headquartered in Mumbai, India. It was founded by RP Goenka in 1979, and initially encompassed Phillips Carbon Black, Asian Cables, Agarpara Jute and Murphy India. Currently, RP Goenka retains the title of Chairman Emeritus, while the chairmanship and vice-chairmanship have been assumed by his sons Harsh and Sanjeev Goenka, respectively.


Nandan Nilekani

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Nandan Nilekani and Family Biography, Family, Net Worth, UID project, Forbes Billionaire & Infosys

Nandan Nilekani is the Indian Entrepreneur and a Forbes Billionaire. In 2010, Forbes has estimated his net worth US $ 1.4 Billion making him India’s Top 50 richest persons.

Nandan Nilekani has made his fortune from Infosys Technologies which he co-founded with N R Narayana Murthy and 6 others.

He currently serves as the Chairman of the new Unique Identification Authority of India (UIDAI).

Nandan Nilekani was born on 2nd June 1955 in Bangalore, Karnataka, India as a younger son of Durga and Mohan Rao Nilekani.


Ramesh Chandra

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Ramesh Chandra Biography

Ramesh Chandra is the Indian Real Estate Business Tycoon and a Billionaire. In 2010, Forbes has estimated his net worth of US $ 1.4 Billion making him India’s Top 50 Richest persons.

Structural engineer moved into real estate in 1985 to build middle-class homes. His publicly traded Unitech, run by his 2 sons, is building 350-acre community of luxury homes in Delhi suburb with Greg Norman signature golf course. Partnering with Indonesia's Salim Group to set up special economic zones.

Ramesh Chandra is the founder and Chairman of the multi billion dollar Indian real estate firm UniTech.


Jaiprakash Gaur

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Jaiprakash Gaur Biography, History, Japypee Group, Wiki, Family Tree, Forbes Billionaire and Net Worth

Jaiprakash Gaur is the Indian Business Tycoon and India’s Top 50 richest person. In 2010, Forbes has estimated his Net Worth of US $ 1.4 Billion making him one of the most richest person in India.

Mr. Gaur, an alumnus of IIT, has been associated with the construction industry for over five decades. Leaving a secure government job, he started his own venture with an initial capital of INR 10,000 in 1958. Two decades later, he laid the foundation for the Jaypee Group by setting up Jaiprakash Associates Ltd, a civil engineering and construction company. Mr. Gaur has led the Jaypee Group for over 27 years and has established the group as a diversified infrastructure conglomerate, which deals in cement, engineering design and consultancy, power generation, hospitality, real estate, IT and expressway development. Today, the group is the fourth-largest cement producer in India.