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Bidzina Ivanishvili to Appear on Forbes World’s Billionaires List with a Refreshed Profile

Published: March 7, 2012 | 8:46 pm
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Bidzina Ivanishvili, 56, Georgian tycoon has appeared on Forbes World’s Billionaires List with first name- Bidzina instead of Boris (as he was mentioned in previous rankings) and with country of citizenship- France instead of Russia (as he was mentioned in previous rankings).

As of March 2012, with Net Worth $6.4 B Ivanishvili ranks 153 on Forbes World’s Billionaires List.

Forbes Cover Feature Interview about Georgian Tycoon: He Owns The Place (p. 122) — The richest man in the country of Georgia, Bidzina Ivanishvili, is out to topple his nation’s leader.

Forbes About Bidzina Ivanishvili

The richest man in Georgia in fall 2011 came out against Georgian President Mikhail Saakashvili. He created a new political party called Georgian Dream ? Democratic Georgia which is in the opposition coalition to take part in parliamentary elections. Wants to become prime minister of Georgia. Refused of Russian citizenship, intends to sell all of his assets in Russia. Saakashvili had stripped him of Georgian citizenship. Now he has only French citizenship. If before the election he will not get back Georgian citizenship, his wife will head the party of Georgian Dream. Began building his empire in 1990 when, with partner Vitaly Malkin, he set up Rossiysky Kredit Bank. Over the years, sold businesses he accumulated during Russia’s privatization era including ore mining and metals interests; invested proceeds in Russian stock market. Also has interests in elite real estate project in Moscow and two 5-star hotels. Owns Russian drugstore chain Doctor Stoletov. Collects the Impressionists; his most expensive painting is Dora Maar with Cat by Pablo Picasso, which he bought at Sotheby’s in 2006 for $95 million. Lives in the Georgian village of Chorvila, where he was born.

Carlos Slim Helu Retains No. 1 Spot For Third Year In A Row

In Forbes’ 25th anniversary issue of its world billionaire rankings, Carlos Slim Helu (#1) takes the top spot. With a net worth of $69 billion, the telecom magnate from Mexico is the world’s richest person for the third year in a row. Bill Gates retains the #2 spot with a net worth of $61 billion, followed by Warren Buffett (#3) with a net worth of $44 billion and Europe’s richest person, Bernard Arnault (#4) with $41 billion. Amancio Ortega (#5) of Spain joins the Top 5 for the first time, with a net worth of $37.5 billion, an increase in fortune of $6.5 billion from 2011.

In a year of churn and burn, 128 billionaires are new to the list (compared with 214 newcomers in 2011), while 117 dropped off. A record 1,226 billionaires (up from 1,210 in 2011) made the list, with an average net worth of $3.7 billion (unchanged from 2011). Added together, the total net worth for this year’s billionaires is $4.6 trillion, up $100 billion from $4.5 trillion last year. Billionaires came from 58 countries, including new addition Morocco, which had three people make it this year. The U.S. leads the list, with 425 billionaires, followed by Asia-Pacific (315), Europe (310), The Americas (90) and the Middle East & Africa (86).

At 41, Spanx founder and newcomer Sara Blakely (#1,153) is the youngest self-made woman in the billionaires club, with a net worth of $1 billion. A total 104 women made the list. Christy Walton (#11) is still the richest woman in the world — for the seventh year in a row — with a net worth of $25.3 billion. Other notable newcomers: Under Armour CEO/Founder Kevin Plank (#1075), and Michael Kors’ financial backers Silas Chou (# 634) and Lawrence Stroll (#719).

Mexico’s Ricardo Salinas Pliego (# 37) is the world’s biggest gainer in dollar terms, adding $9.2 billion to his net worth. Another gainer: New York Mayor Michael Bloomberg (#20), who moves up from his No. 30 spot last year with a net worth of $22 billion (an increase of $3.9 billion from 2011). The year’s biggest loser, with a $10.4 billion drop in his fortune, is Lakshmi Mittal (#21), who failed to make the Top 10 for the first time since 2004. Notable drop-offs include J.K. Rowling, Australian Gerald Harvey (Harvey Norman discount retail stores), Jim Balsillie (Research in Motion, maker of BlackBerry) and Apple co-founder and CEO Steve Jobs, who passed away in October 2011.

In our 2012 “Hall Of Fame” feature (p. 60), meet the 24 people from seven countries who have been on Forbes’ lists as billionaires for each of the past 26 years. Among them, Li Ka-shing (# 9), Liliane Bettencourt (#15), Leslie Wexner (#248) and David Rockefeller (#491). In a rare interview, Li Ka-shing, who recently made brilliant tech investments in companies including Facebook and Spotify, reveals his new strategy.

The Top 10 have a combined net worth of $395.4 billion, down from $406 billion in 2011:

RANK  NAME                                 NET                   UP/DOWN        ORIGIN OF                  COUNTRY

WORTH          FROM 2011            WEALTH              (By Citizenship)

1     Carlos Slim Helu                 $69 billion            Down       Telecom                                Mexico

2     Bill Gates                                 $61 billion              Up              Microsoft                               United States

3     Warren Buffett                    $44 billion             Down       Berkshire Hathaway     United States

4     Bernard Arnault                $41 billion               Same        LVMH                                      France

5     Amancio Ortega                $37.5 billion          Up              Zara                                            Spain

6     Larry Ellison                       $36 billion               Down      Oracle                                       United States

7     Eike Batista                          $30 billion              Same       Mining, oil                              Brazil

8     Stefan Persson                   $26 billion               Up              H&M                                           Sweden

9     Li Ka-shing                          $25.5 billion            Down       Diversified                           Hong Kong

10    Karl Albrecht                   $25.4 billion            Down       Supermarkets                Germany



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