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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. Pollyann

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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

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

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

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

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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The Newest Billionaires of 2013