MONEY MASTER

HALF of the 22 women on a list of self-made billionaires released last Friday by Shanghai-based Hurun Research Institute are from China. According to the 2012 Global Self-Made Rich Women List, 48-year-old Longfor Properties Co Ltd chairman Wu Yajun is ranked No. 1 with a fortune of 38 billion yuan (RM18.2bil), followed by 71-year-old Chan Lai Wa of Fu Wah International Group (No. 2), Zhang Yin of Nine Dragons Paper Holdings (No. 4) and Zhang Xin of SOHO China (No. 5). These four billionaires maintained their top five ranking from last year. The other top 10 richest women are Spain’s Rosalia Mera of Zara (No. 3), US celebrity Oprah Winfrey (No. 6), American clothing giant The Gap co-founder Doris Fisher (No. 7), Huabao Group chairman Chu Lam Yiu (No. 7), mum-and-daughter pair of Lv Hui and Diana Chen Ningning (No. 9), China Orient Landscape chairman He Qiaonv and Specsavers founder Mary Perkins from Britain (both No. 10). The minimum wealth requirement for this year’s l...

This post continues from Forbes 400: The Richest People in America 3. Larry Ellison Net Worth: $27 billion Source: Oracle Residence: Woodside, Calif. Age: 66 The Oracle chief brazenly chastised Hewlett-Packard for ousting its former head Mark Hurd over his relationship with a marketing contractor. Then he turned around and hired Hurd weeks later to replace Oracle's co-president, Charles Phillips, who resigned at the same time. HP sued Hurd, prompting Ellison to say that HP was making it "virtually impossible" for the 2 companies to do business together. (The two parties recently settled). Oracle, which has acquired 66 companies over the years, figured out a way to turn a profit on its latest big buy, Sun Microsystems, in 2010. One of the highest-paid executives in the country, Ellison has gotten $960 million in compensation in the past 5 fiscal years, mostly from the exercise of stock options; he recently cut his salary to $1. Ellison's fortune is almost entirely tied...

So, do you know who are the richest people in the United States of America? Well, the top two people in the America seems to remain in their position. They are Bill Gates and Warren Buffett. Both of them are still on top despite being generous. Read below for full story that I get from the Forbes 400: The Richest People in America from Yahoo Finance . Since the article is too long, I'll share it in this blog by separating the articles into few parts. It has been a year of reclamation for America's richest. The total worth of the Forbes 400 was up 8% to $1.37 trillion, well out-earning the 1% rise in the S&P over the same period of time. More than half (217) are richer than they were a year ago. The headline number tells a partial story. Just over one-third of the 400 failed to add to their fortunes or lost ground. Still far above us is the record of $1.57 trillion in total net worth set in 2008. But the very top of the list gained, as good friends Bill Gates and Warren Buf...

NEW YORK (Reuters) - Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 percent over the last year, Forbes magazine said on Wednesday. Mexican tycoon Carlos Slim speaks during the Reuters Latin America Summit in Mexico City in this March 22, 2007 file photo. (REUTERS/Andrew Winning/Files) It is only the second time since 1995 that Gates has lost the crown, the magazine said, estimating Slim's net worth at $53.5 billion, compared to Gates's $53 billion fortune, while investor Warren Buffett came in at No. 3 with $47 billion. The trio regained $41.5 billion of the $68 billion they had lost the previous year, Forbes said. The number of billionaires around the world has nearly recovered in 2010 after dropping by a third last year during the global financial crisis. There are now 1,011 billionaires, compared with 793 last year and 1,125 in 2008. The net wealth ...