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FRONT PAGE I JEWISH SOCIETY & STYLE SECTION 1 2 3 4 5 6 7 8 9 10 I JEWISH ARTS, STARS & ENTERTAINMENT SECTION 1 2 3 4 5 6 7 8 9 10 I JEWISH & ISRAEL POLITIC HEADLINES 1 2 3 4 5 6 7 8 9 10 I NEWS & GOSSIPS FROM AROUND THE WORLD 1 2 3 4 5 6 7 8 9 10 I FANCY LIVING MAGAZINE 1 2 3 4 5 6 7 8 9 10 11 12 I LETTERS TO THE EDITOR 1 2 3 4 5 6 7 8 9 10 I CONTACT US I ARCHIVES 1 2 3 4 5 6 7 8 9 10 I
OUTSIDE THE JEWISH WORLD
People,
countries, extravaganza, events, news, ideas, arts, entertainment, music,
stars, celebrities, books, oddities, interviews, in-depth articles,
gossips, culture.
TABLE OF CONTENTS OF "OUTSIDE THE JEWISH WORLD. SEPTEMBER 2005"
THE WORLD'S RICHEST WOMEN: THE BILLIONAIRES
Photos
from L to R: #1. Marilyn Carlson Nelson. #2.
Maria Aramburuzabala.
#1. Marilyn Carlson. She owns and runs one of the biggest privately held companies in America, Carlson Companies, which she took over as CEO and chairman when when her father, Curt Carlson passed away in 1999. Marilyn Carlson, 61, and her sister Barbara Carlson Gage each own half of the $31 billion (2000 sales) company. #2. Maria Aramburuzabala's whose professional life resembles that of the late Katharine Graham, once upon a time, one of the most powerful women in America and who owned The Washington Post. Just like Graham, when Aramburuzabala's father passed away, nobody in the industry believed that she could run the beer business inherited from her family. She told the Wall Street Journal in October, "It's important to me not to feel like a useless woman who inherited money." Short after she took over, she turned around Modelo, the beer family business into one of the world's most successful companies. Later on, in 2000 she made a daring move into broadcasting and television, outmaneuvering a arch-rival for control of Grupo Televisa. She inherited a successful company--Corona beer has 60% share in Mexico and is the best-selling Mexican beer stateside--from her father but she's expanding into new areas. Now she's using her sizable fortune to bring Latin America up to speed technologically, investing in data centers and building high-speed networks in Mexico City. She meets with American tech executives and pours money into companies doing business benefiting Latin America.
Photo:
Miuccia Prada.
#3. Miuccia Prada inherited her grandfather Mario's luxury goods business in 1978, but remember that, at the time, the business consisted of just one store in Milan. And the store didn't sell ultra-trendy clothing or shoes--as it does today--but luggage. Within five years of taking over, Prada designed and started selling a line of shoes, and five years after that she launched a line of clothing. With the help of her famously hard-charging husband, Chief Executive Patrizio Bertelli, sales at Prada exploded from $50 million in 1990 to $1.5 billion in 2000. Prada isn't finished expanding. In December 2001, after three years and many millions of dollars, the company opened an enormous state-of-the-art retail store on a coveted corner in Manhattan's Soho neighborhood. But that's part of the problem. Retail expansion and acquisitions have resulted in an uncomfortable debt load of more than $500 million. The company had planned to sell its shares to the public last year, which would have eliminated debt and funded further expansion. But the economy and aftereffects of Sept. 11 have shelved the IPO plan indefinitely. Bertelli has reportedly acknowledged the need to restructure Prada's debt but insists they can do it without taking on an outside partner. That's the legendary Prada.
Photos
from L to R: #1.Abigail Johnson, #2. Nina Wang.
#4. Abby Johnson. At first blush, you might
think Abigail "Abby" Johnson's employment with Fidelity Investments
reeks of nepotism. Then you realize that Johnson, daughter of Chairman
Edward "Ned" Johnson, has been a standout at the company since she started
full time in 1988 as fund manager for the Fidelity Select Industrial
Equipment portfolio. She managed several funds over the next 12 years;
then came the big bump. On May 21, 2001, Fidelity named Johnson, 40, president
of Fidelity Management and Research, which gives her oversight over all of
Fidelity's portfolio managers, analysts and traders, along with $1 trillion in
assets. She is without a doubt the most powerful woman in American finance.
Rumors swirl that she will succeed her 71-year-old father, who has not yet
hinted at a retirement timetable. Fidelity has no mandatory retirement age.
But her chances of becoming Fidelity's next chief executive are as good as the
sun coming up tomorrow. #5. Nina Wang. No one can say that tiny Nina
doesn't think big.
Late
last year she tried to construct the world's tallest building, the Nina Tower,
but the project was squashed because of its proximity to a local airport. Wang
runs Chinachem, a Hong Kong-based real estate company she inherited
when her husband Teddy was kidnapped in 1990. Teddy has never been found, but
his father finally declared him dead in 1999, over the strenuous objections of
Nina. Now that he's officially dead, the senior Wang, 90, is fighting his
daughter-in-law for control of Chinachem, alleging that she forged a will that
left her everything. Handwriting experts have determined that the will is
genuine. Wang has launched a few zingers herself, including allegations that
her father-in-law has a mistress and uses opium. The two continue to battle it
out in court. Meanwhile Wang, worth $3.7 billion, has expanded privately held
Chinachem's business far beyond real estate to biotechnology and satellite
systems. She's the richest woman in Asia but reportedly isn't interested in
the social scene. Instead, she wears her hair in Pippi.
#4
in the world, Walton, Alice L. 54
, inherited. Source: Wal-Mart. Net
Worth: $20.5 billions. Hometown: Fort Worth , TX. Marital
Status: divorced
, 2 divorces. Undergraduate: Trinity University of San Antonio,
Bachelor of Arts / Science Daughter of Sam Walton
(d. 1992), who opened his first general store in Rogers, Ark. in 1962.
Wal-Mart now world's largest retailer: 4,000-plus stores around the globe.
Family controls 38% of Wal-Mart, but prefers a passive role; Alice raises
horses on Texas ranch. Family last year donated $750 million-plus, much to
education, including $300 million to U. of Arkansas. But family largesse not
enough to quell accusations that Wal-Mart wields too much clout. If Sam were
alive today, he would be worth twice as much as Bill Gates.
#6 in the world, Walton, Helen R,
84
, (Photo, left), inherited. Source: Wal-Mart.
Net Worth: $20.5 billions. Hometown:
Bentonville , AR. Marital Status: widowed
, 4 children. Undergraduate: University of Oklahoma, Bachelor of Arts /
Science.
Widow of Sam Walton (d. 1992), who opened his first general store in Rogers,
Ark. in 1962. Wal-Mart now world's largest retailer: 4,000-plus stores around
the globe. Family controls 38% of Wal-Mart, but prefers a passive role. Family
last year donated $750 million-plus, much to education, including $300 million
to U. of Arkansas. But family largesse not enough to quell accusations that
Wal-Mart wields too much clout. If Sam were alive today, he would be worth
twice as much as Bill Gates.
#7
and 12 in the world, Anthony, Barbara Cox,
80
, inherited. Source: Cox Enterprises.
Net Worth: $11.0 billions. Hometown: Honolulu , HI. Marital
Status: married
, 2 children. Undergraduate: High School, Diploma.
With sister Anne Cox Chambers, two
daughters of James M. Cox (d. 1957), newspaper reporter who bought the Dayton
Evening News for $26,000 in 1898. Served three terms as Ohio governor; bought
more newspapers. Today sisters control 98% of Cox Enterprises: 17 daily
newspapers (including flagship Atlanta Journal-Constitution), 15 TV stations,
78 radio stations, cable systems (6.5 million users). Barbara: keeps low
profile in Hawaii. Anne: former ambassador to Belgium under Carter.
#8 and15 in the world, Mars, Jacqueline.
64
, inherited. Source: Mars, Inc. Net
Worth: $10.4 billions. Hometown: Bedminster , NJ. Marital
Status: divorced
, 3 children , 2 divorces. Undergraduate: Bryn Mawr College, Bachelor
of Arts / Science. Grandchild of Frank and Ethel
Mars, candymakers who struck profitable sweet spot with Milky Way bar in 1923.
Mars Inc. now one of nation's largest confectioners: M&Ms, Snickers, 3
Musketeers, Twix, Skittles. Also pet food (Whiskas, Sheba, Pedigree), Uncle
Ben's rice, electronic components for vending machines. Siblings (see Forrest
Jr., John) preside over $17 billion (estimated sales) food empire, but
day-to-day business handled by co-presidents Benno Hoogendoorn and Peter
Cheney. #9 and 18 in the world, Johnson,
Abigail, 41, (Photo, left), inherited
and growing. Source: mutual funds. Net
Worth: $9.8 billions. Hometown: Boston , MA. Marital Status: married
, 2 children. Undergraduate: William Smith College, Bachelor of Arts /
Science. Graduate: Harvard University, Masters of ArtsAbigail,
with father Edward, runs Fidelity Investments, nation's largest mutual fund
company: $890 billion under management. Enjoying recent stock market gains:
assets up $80 billion during the past year. Flagship Magellan Fund now $63
billion. Latest growth engine: Employer Services, provider of human resource
and retirement services. #10 and 56 in
the world, Kroenke, Ann Walton, 53
, inherited. Source: Wal-Mart. Net
Worth: $3.0 billions. Hometown: Columbia , MO. Marital
Status: married
, 2 children. Undergraduate: Lincoln University, Registered Nursenherited
fortune in Wal-Mart stock from father, Bud Walton (d. 1995), early business
partner and brother of Wal-Mart founder Sam Walton. Husband Stan (see) made
his fortune in real estate, including shopping centers anchored by Wal-Mart
stores. Big landowner: recently purchased 500,000-acre spread in British
Columbia formerly owned by WorldCom's Bernie Ebbers. Also owns pro
basketball's Denver Nuggets, hockey's Colorado Avalanche and a stake in
football's St. Louis Rams.
THE COMPLETE LIST
| World's Richest Women. The Billionaires | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Data: Forbes and WACJ |