Businesses always risk losing money with every financial decision and move. But there is no other way of earning considerably in a short period of time without the help of calculated risks. In 2012, ten rich and powerful personalities increased their wealth by way of effective decisions that fortified their net worth further.
1. Larry Ellison (+$8 billion)
The Oracle Corporation is one of the leading entertainment software corporations in the world and its CEO Larry Ellison has successfully propelled the growth of the company this 2012 by leaps and bounds. Since August 2011, the stocks of Oracle have increased by 20 percent.
Because of Ellison’s 22.5% stake in Oracle, his net worth has catapulted him at the top of the totem pole of wealthy businessmen in the United States of America with a net worth of USD $41 billion.
2. .Bill Gates (+$7 billion)
Mention Bill Gates and almost everyone will instantly remember Microsoft Windows. With the dominance of the Apple brand, many may think that the Windows brand has slowly been shut down or in a sorry state of degradation. This perception has a lot to do with the billion dollar donations of Microsoft.
Still Microsoft and Bill Gates have remained afloat with the 20% increase in its shares especially with the private investments of Gates. But if you didn’t know already, Bill Gates has already relinquished his leadership of Microsoft to Paul Allen.
3. Warren Buffett (+$7 billion)
Warren Buffett is considered as the most successful investor of the 20th century and his success was primarily earned with his position as chairman and CEO of Berkshire Hathaway. His accolades and legend have grown so much that he has been given nicknames such as the Wizard of Omaha, Oracle of Omaha and Sage of Omaha.
Buffett’s success seems to have trickled down towards the 21st century. The shares of Berkshire Hathaway have propelled up by 20% over the last year. Buffett is the third wealthiest person in 2011 and he has his eyes set on the top.
4. Charles Koch (+$6 billion)
Charles Koch is the co-owner, chairman of the board and CEO of Koch Industries, Inc, a privately owned company involved in core industries such as chemicals, petroleum distribution, polymers and fertilizers just to name a few. The rise in the revenues of these industries and Charles Koch’s Georgia Pacific properties have greatly contributed to the increase in his net worth.
5. David Koch (+$6 billion)
David Koch is the brother of Charles and he holds the executive vice president position in Koch Industries. His net worth also ballooned following the success of Koch Industries and he is considered to be the fourth richest citizen in America and the second wealthiest resident of New York City as of 2010.
Apart from his involvement with Koch Industries, David Koch is also a well-known patron of the arts.
6. Jim Walton (+$5.7 billion)
Jim Walton is the heir to the vast fortune of Wal-Mart supermarkets and his net worth keeps growing with each expansion of Wal-Mart. He also is the CEO of Arvest Bank and this has contributed tremendously to his financial gains. With over USD $21.1 billion in his net worth, Walton is presently ranked as the ninth richest person in the world according to Forbes.
7. S. Robson Walton (+$5.6 billion)
While Jim Walton is just waiting under the wings to take on the fortune, the present board chairman and his brother S. Robson Walton is not lagging behind in the wealth department with over USD $420 million in dividends alone over the last year.
Rob Walton has gone a long way from his roots as the law firm representative of Wal-Mart to being the chairman of the board of directors in 1992, two days after the death of the original Wal-Mart patriarch, Sam Walton.
8. Michael Bloomberg (+$5.5 billion)
Many know Michael Bloomberg as the Mayor of New York City but his initial influence stems from his successful career as a businessman. He is considered as the eleventh richest person in the United States of America this year on the strength of his position as the founder and 88% majority owner of Bloomberg L.P., a firm that is involved with financial data services.
Since 2011, Bloomberg’s company has shot up its earnings by over 20% and this number is still growing. In 2009, Bloomberg saw the biggest increase in wealth when his net worth gained over USD $4.5 billion.
With his career as a politician, it seemed a given that his business interests have to give way to corporate social responsibilities and that is the reason behind the Bloomberg Philanthropies foundation that focuses on five areas: public health, government innovation, the arts, education and the environment
9.Alice Walton (+$5.4 billion)
Another member of the Wal-Mart family has benefited from the sustained growth of the Wal-Mart Empire worldwide. Alice Walton is the sister of S. Robson and Jim Walton and she is considered to be the second wealthiest woman in America and the tenth richest American.
She is not as high on the list however because of her recent donation to a new art museum. But her net worth of USD $23.3 billion is nothing to scoff at.
10.Jeff Bezos (+$4.1 billion)
Jeff Bezos is the founder and CEO of Amazon and his company has firmly established itself as a reliable website for online purchases and e-commerce. The 2011 sales of the company have reached over $48 billion. Amazon is the largest retailer in the World Wide Web and a premium model in conducting businesses online.
Premium Examples of Financial Responsibility
While these top ten gainers of 2012 may be primary examples of the rich and gets richer, they are excellent examples of how to manage wealth well so that it does not stagnate and keeps flowing efficiently for a sustained growth. Financial responsibility is a good trait that many should exercise to secure progress in their lives.
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