Monday, June 8, 2009

The list of Malaysian Top 40 Richest Man.

  1. Robert Kuok USD 10 billion, 84, married, 8 children.
    Kuok Group, Pacific Carriers Ltd, Transmile Group, Wilmar International
  2. Ananda Krishnan USD 7.2 billion, 70, married, 3 children.
    Maxis Comminications, Aircel Ltd, Astro All Asia Networks
  3. Lee Shin Cheng USD 5.5 billion, 69, married, 6 children.
    IOI Group
  4. Teh Hong Piow USD 3.5 billion, 78, married, 4 children.
    Public Bank
  5. Lee Kim Hua & family USD 3.4 billion, 79, widow, 6 children.
    Genting Group
  6. Quek Leng Chan USD 2.4 billion, 67, married, 3 children.
    Hong Leong Group, Guoco Group, Rank Group
  7. Yeoh Tiong Lay and family USD 2.1 billion, 78, widow, 7 children.
    YTL Corporation
  8. Syed Mokhtar AlBukhary USD 1.8 billion, 56, married, 5 children.
    Malaysia Mining Corporation (MMC), Malaysia Johor Port, Malakoff, Gas Malaysia
  9. Vincent Tan USD 1.3 billion, 56, married, 11 children.
    Berjaya Group
  10. Tiong Hiew King USD 1.1 billion, 78, married, 4 children.
    Rimbunan Hijau Group, Tri-M Technologies
  11. Azman Hashim USD 700 million, 68, married, 5 children.
    AMCorp Group, Ambank
  12. William H. J. Cheng USD 660 million, 65, married, 3 children.
    Lion Group
  13. Lee Swee Eng USD 495 million, 52, married.
    KNM Group
  14. Ong Beng Seng USD 470 million, 63, married, 2 children.
    Hotel Properties Ltd, Natsteel
  15. Lim Kok Thay USD 345 million, 56, married, 3 children.
    Genting Group, Star Cruises. Alliance Global
  16. Vinod Sekhar USD 320 million, 40, married, 2 children.
    Petra Group, Green Rubber Global
  17. Lee Oi Hian USD 300 million, 57, married, 4 children.
    Kuala Lumpur Kepong, Crabtree & Evelyn
  18. Yaw Teck Seng USD 295 million, 70, married.
    Samling Group
  19. Anthony Fernandes USD 290 million, 44, married.
    AirAsia, Tune Hotel, AirAsia X
  20. Mokhzani Mahathir USD 285 million, 47, married, 5 children.
    Kencana
  21. Kamarudin Meranun USD 280 million, 47, married, 5 children.
    AirAsia, Tune Hotel, AirAsia X
  22. Jeffrey Cheah USD 275 million, 63, married, 3 children.
    Sunway Group
  23. Lee Hau Hian USD 250 million, 55, married, 1 children.
    Batu Kawan, Kuala Lumpur Kepong
  24. Chong Chook Yew USD 245 million, 86, widow, 4 children.
    Selangor Properties
  25. Yaw Chee Ming USD 240 million, 49, married.
    Samling Group
  26. G. Gnanalingam USD 230 million, 63, married, 3 children.
    Westports
  27. Lim Wee Chai USD 200 million, 50, married, 2 children.
    Top Glove
  28. Kua Sian Kooi USD 195 million, 55, married, 4 children.
    Kurnia Asia
  29. Lau Cho Kun USD 185 million, 72, married.
    Gek Poh Holding, Malaysian Mosaics, Hap Seng
  30. Abdul Hamed Sepawi USD 180 million, 58, married, 2 children.
    Ta Ann
  31. David Law Tien Seng USD 165 million.
    Midwest, Sinosteel, T.S.Law Holding
  32. Tiah Thee Kian USD 163 million, 61, married, 5 children.
    TA Enterprise
  33. Liew Kee Sin USD 160 million, 50, married, 4 children.
    SP Setia
  34. Ahmayuddin Ahmad USD 155 million, 51, married, 4 children.
    Westports, Pelikan
  35. Eleena Azlan Shah USD 150 million, 48, married.
    Gamuda
  36. Lin Yun Ling USD 145 million, 53, married, 2 children.
    Gamuda
  37. Ong Leong Huat USD 130 million, 64, married, 4 children.
    OSK Group
  38. Lim Thian Kiat USD 115 million, 50, divorced.
    Former head of conglomerate Multi-Purpose
  39. Khoo Kay Peng USD 110 million, 69.
    MUI, Laura Ashley
  40. Nazir Razak USD 100 million, 41, married.
    CIMB, Bumiputra Commerce Holdings

Top 10 Richest Person In The World 2009

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.










Sunday, June 7, 2009

How to invest in today's market


NEW YORK (Money) -- Question: I believe that along with a recession comes a great opportunity to invest and make significant long-term gains. I'm under 30, I contribute to my 401(k) plan and I'm willing to take risks. What are my best options in today's market? --Lyle, Fort Lauderdale, Florida

Answer: Hey, I'm with you. Although they can be painful, recessions not only wring a lot of the excesses out of the economy and markets, they also set the stage for people who invest in stocks that have been pummeled to potentially earn some impressive gains.

For example, if you had invested in stocks in December, 1974, which was the trough of the severe 1973-1975 recession, you would have earned a 37% return over the next year, a 16% annualized gain over three years and 15% annualized for the five years ending in December, 1979. That's a huge increase over stocks' compound annual return of roughly 10% since the mid-1920s.

That said, I'm not a big believer in trying to exploit the economy's recovery for even bigger gains by targeting your investing toward specific industries, sectors or other niches.

If you're really interested in building a nest egg over the course of your career that will sustain you in retirement, I think the best course is to adhere pretty much to the same investing strategy today that you would (or should) employ at any other time -- that is, maintain a broadly diversified blend of different types of stocks or stock funds, and throw in some bonds or bond funds for stability.

I realize that this puts me at odds with much of the investing world -- both financial firms and the investment "punditocracy" that espouses its views in articles, blogs and cable TV appearances. Much of what you hear or read nowadays consists of people trying to predict what sorts of stocks or funds might deliver outsize gains as we emerge from recession.

Indeed, recent research from Wasatch Funds makes the case that small-cap stocks are the place to be when the economy is coming out of recession. The report notes that small-caps have outperformed large-caps by almost a two-to-one margin (34% vs. 18%) in the year following the last nine recessions.

And a new study by Russell Investments says that value stocks typically beat growth shares in the early periods of an economic expansion, and that this tendency is strongest in small-caps.

I have no reason to doubt the information in either report. But having read them, I'm not going to run out and load up on small company stocks, value shares or, in an attempt to get the best of both worlds, small-company value stocks.

Why? Well, it's easy when you're looking backward to know when you should have gotten into small-caps or any other sector. After all, with the benefit of hindsight you know exactly when past recessions ended. But we don't know when this recession will end (or, for that matter, whether it already has). So when, exactly, do you move into small caps? Now? A month from now? Two months? Get in too early -- or too late -- and the extra gains might be smaller or might not materialize at all.

Besides, it's not as if all economic and market cycles play out exactly the same. In fact, the Russell report notes that the 2001 recession was an anomaly compared to the other three it examined, and thus resulted in a very different pattern of small-cap growth vs. value returns.

Given the stock market's strong rebound (so far at least) from its March lows, it's understandable that many people are beginning to regain a bit of confidence about investing in stocks. In general, that's a good thing.

But let's not get overly exuberant here. If anything, the events of the past year or so have shown that we're not exactly savants when it comes to predicting short-term investment performance.

So while I'm still confident in stocks' ability to deliver robust gains over the long-term -- especially when you buy them at depressed levels in the wake of a crash -- I'm not inclined to make big bets that a particular sector of the market will outperform another over a relatively short period of time. I'm just not convinced that investors -- pros or regular Joes -- are prescient enough to make such calls and nimble enough to get in and out at the right time.

Bottom line: If you want to capitalize on this recession to boost the eventual value of your 401(k), contribute as much as you can and maintain a diversified mix of stocks and bonds that's appropriate for your age and risk tolerance.

Given your age, that will probably mean investing between 80% and 90% of your 401(k)'s assets in stocks. Believe me, that's plenty enough risk. You don't need to compound it by engaging in a guessing game about which segment of the market might deliver the biggest gains in the next year or two.