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The Newest Billionaires of 2013

World Money
The Newest Billionaires of 2013

Despite the global financial recession, the past year saw a bumper crop of first-
time entrants into Forbes Magazine’s list of wealthy people. Here are the newest
billionaires of 2013.

21. Pollyanna Chu – $1 billion

21

Pollyanna Chu attended college and worked briefly in the real estate sector in the
United States, which explains her apprehension when she returned to Hong Kong in
the early 90’s. She did not know much about her home country’s stock and foreign
exchange markets, but she proved to be a fast learner. In just a couple of decades,
she became the Chief Executive Officer of Kingston Financial, one of the largest
homegrown brokerages in the former British colony.

20. Binod Chaudhary – $1 billion

20

Binod Chaudhary is Nepalese, though he traces his ancestral roots to India. These
roots include a family with substantial experience in business. He translated this
to form the Chaudhary Group, a conglomerate with investments in banking, foods,
cement, real property, hotels, electronics and power. It is also the company behind
Nepal’s first department store.

19. Tory Burch – $1 billion

19

Tory Burch is the second youngest self-made female billionaire in the United States,
ranking just behind Sara Blakely of Spanx. She owns Tory Burch LLC, a company
that makes and markets preppy and bohemian wear for women. In 2012, the
company was able to pull in revenues amounting to over $800 million.

18. Hamdi Ulukaya – $1.1 billion

18

Hamdi Ulukaya is the founder, President and Chief Executive Officer of Chobani Inc.
The company is the maker of the famous Chobani Greek yogurt. Though he comes
from Turkey, the company has its headquarters in New York. It processed its first
order back in 2007 and in a span of five years, its revenues have jumped to almost a
billion dollars.

17. Edward Stack – $1.1 billion

17

Edward Stack is the man behind Dick’s Sporting Goods. The company started out in
1948 when his father invested $300 of his mother’s savings to open a shop for fish
baits. The original shop was based in Binghamton but it has now expanded several
times over to become a publicly traded company.

16. Arkady Volzh – $1.15 billion

Day Two Of The Saint Petersburg International Economic Forum 2012

Arkady Volozh is the founder and principal individual shareholder of Yandex, a
search engine based in Russia. Yandex is so huge in Russia that it outstrips Google
by a large margin. While Google has a 26 percent share of the search market in the country, Yandex has more than twice that number with about 60 percent.

15. Ronald Joyce – $1.2 billion

15

Ronald Joyce is considered as the Doughnut King of Canada. He helped found the
doughnut chain of Tim Horton, a former player of the National Hockey League. In
1995, the company was sold to Wendy’s for $600 million. Rather than rest on his
laurels, Joyce invested the money in other Canadian companies that have paid off
dividends for him.

14. Nicholas Woodman – $1.3 billion

14

Nicholas Woodman is the founder of GoPro. This is the fastest growing video
camera company in the world. It is favored in extreme sports because of its tough
build and ability to handle even the most rugged situations. In the latter part of 2012,
Taiwanese company Foxconn bought an 8.88 percent stake for $200 milion.

13. Silvio Santos – $1.3 billion

13

Silvio Santos is one of the most famous entrepreneurs in Brazil. He is also a
television personality. He owns Grupo Silvio Santos, a conglomerate that earns over
$2 billion in revenues from its more than 30 companies. One of the companies is
SBT, the third largest broadcasting network in the country.

12. Ranjan Pai – $1.3 billion

12

Ranjan Pai is the head of the Manipal Education & Medical Group based in India.
The company runs six colleges and operates 15 hospitals. It is also heavily involved
in stem cell therapy and clinical research.

11. Koh Wee Meng – $1.4 billion

11

Koh Wee Meng is a property tycoon and hotel owner based in Singapore. He owns
the Fragrance Group, a publicly listed company that has seen its shares multiply
several times over the past year. It helped catapult the tycoon to billionaire status.

10. Pham Nat Vuong – $1.5 billion

10

Pham Nat Vuong is Vietnamese who first earned a business reputation marketing
instant noodles in the Ukraine. He also set up the Vingroup, a real estate conglomerate
based in his native country. He is considered as the first billionaire from his country.

9. M.A. Yusuf Ali – $1.5 billion

9

M.A. Yusuf Ali is an Indian who migrated to the United Arab Emirates in the 1970’s.
He initially was part of a small trading business that his family owned. He now heads
the LuLu Group, a company that has its headquarters in Abu Dhabi. Its retail chain
arm is considered as one of the 10 fastest growing retailers in the world today.

8. Lei Jun – $1.75 billion

8

Lei Jun is the founder, Chairman and Chief Executive Officer of Xiaomi, considered
to be one of the fastest growing smart phone companies in China. He is usually
tagged as the Chinese version of Steve Jobs.

7. Isabel dos Santos – $2 billion

7

Isabel dos Santos is the daughter of Jose Eduardo dos Santos the President of
Angola. She owns a quarter of Unitel, one of the two mobile phone networks in the
country. She is considered as her country’s first billionaire, as well as the richest
woman in the continent. She also has stakes in other Angolan and Portuguese
companies.

6. Michael Pieper – $2 billion

Michael Pieper, CEO of Franke Artemis Group

Michael Pieper is the President of the Artemis Group and owns a majority stake
in the Feintool Group. One of the companies under Artemis is Franke Artemis Group,
which makes sinks, hoods and cooking appliances.

5. Domenico Dolce – $2 billion

5

Domenico Dolce is half of the Dolce & Gabbana fashion design company. It is one
of the perennial favorites of models and celebrities, with its flamboyant fashions and
designs.

4. Stefano Gabbana – $2 billion

4

Stefano Gabbana is the other half of Dolce & Gabbana. He used to be the romantic
partner of Dolce. They have continued their design and business partnership with a
new couture line introduced the past year.

3. Fernando Belmont – $2.2 billion

3

Fernando Belmont is the owner of Yanbai International, a Peru-based door-to-door
cosmetics firm. The company’s reach has spread to Spain and the rest of South
America.

2. Renzo Rosso – $3 billion

2

Renzo Rosso is the founder of Diesel jeans. He also owns Only the Brave, a holding
company that has purchased majority shares in Maison Martin Margiela of France,
Viktor & Rolf of the Netherlands and Marni of Italy.

1. Margarita Louis-Dreyfus – $6 billion

1

Margarita Louis-Dreyfus is a Russian who runs the Louis-Dreyfus Group, a
commodities trading and merchandising company. She has shifted its focus to
agriculture and has raised $350 million in perpetual bonds issued in Singapore for
the trading giant.

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