Showing posts with label Ingvar Kamprad. Show all posts
Showing posts with label Ingvar Kamprad. Show all posts

Wednesday, March 11, 2009

Lawrence Ellison

World's Billionaires 2009

4. Lawrence Ellison

Net Worth: $22.5 billion

Source: Oracle/U.S.

Age: 64

Marital Status: Thrice divorced, remarried; two children

  • Database titan continues to engulf the competition; Oracle has racked up 49 acquisitions in the past four years.
  • Bought BEA Systems for $8.5 billion last year. Company still sitting on $7 billion in cash. Revenues up 11% to $10.9 billion in the six months ended Nov. 30, 2007; 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 down 80% since. His shares are still worth $300 million.
  • Chicago native studied physics at University of Chicago, didn't graduate.
  • Started Oracle in 1977. Public in 1986, a day before Microsoft.
  • Owns 453-foot Rising Sun; built a smaller leisure boat because the long yacht 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.

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© AP Photo/Heribert Proepper

5. Ingvar Kamprad

Net Worth: $22 billion

Source: Ikea/Sweden

Age: 83

Marital Status: Divorced, remarried; four children

  • 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; store'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 10th 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.

© Kpix

6. Karl Albrecht

Net Worth: $21.5 billion

Source: Supermarkets/Germany

Age: 89

Marital Status: Married, two children

  • 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.
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