admin

As seen with the Deutsche Bank trials… illegal operations are an everyday routine at some Banks.

At the same time – they ask for tax payers money – if all those evil-doing is back-firing in some court.

So they are like state-ensured criminals – if the deal goes well – we win – if the deal goes bad – we get money from the state. capitalism at it’s best.

Deutsche Bank “Achievements”

2016
  • Settled or otherwise resolved a significant number of large matters Current reserves of EUR 7.6bn include EUR ~ 4.7bn for matters already settled/agreements-in-principle to settle have been reached. Resolved matters without action
  • (Feb 2016)  BaFin closed special audits including those on interbank offered rates (IBOR), Monte dei Paschi di Siena and precious metals with no further action against the Bank or its employees
  • (Oct 2016) Commodity Futures Trading Commission dropped its investigations into alleged foreign-exchange manipulation
  • Settlements of large matters
  • RMBS: Civil claims arising from DB’s pre-financial crisis RMBS business in the US settled with Department of Justice (Dec 2016)
  • Russia/ UK Equities Trading: Regulatory enforcement investigations into DB‘s anti-money laundering control function settled with FCA and DFS (Jan 2017)
  • Kaupthing CLNs: Claims regarding DB-issued leveraged credit-linked notes referencing Kaupthing settled with plaintiffs (Oct 2016)
  • IBOR: Agreements-in-principle to settle four class actions in the US (Dec 2016 and Jan 2017)
  • Precious Metals: US civil litigations regarding the daily setting of gold and silver fixes settled with plaintiffs (Jan 2016)
  • High Frequency Trading/ Dark Pools: Allegations whether marketing materials adequately disclosed certain features and/or technical problems related to the Bank’s dark pool and order router settled with SEC, New York Attorney General and FINRA (Dec 2016)
  • Schickedanz: Agreement reached including claim on alleged wrongful advice in relation to the ‘Arcandor‘ bankruptcy (Dec 2016)
  • Quelle: https://www.db.com/ir/de/download/Deutsche_Bank_4Q2016_results.pdf

Jenkins’ partial list of banking misdeeds to date:

1
This list was compiled by Robert Jenkins, formerly a member of the Bank of England’s Financial Policy Committee and now Adjunct Professor of Finance, London Business School and Senior Fellow at Better Markets, and first delivered at the Finance Watch conference “Confidence, ethics, and incentives in the financial sector” on 17 November 2015.
2
1
Mis-selling of payment protection insurance
3
2
Mis-selling interest rate swaps
4
3
Mis-selling credit card theft insurance
5
4
Mis-selling of mortgage-backed securities
6
5
Mis-selling of municipal bond investment strategies
7
6
Mis-selling of structured deposit investments
8
7
Mis-selling of foreign exchange products
9
8
Fraud related to the packaging and selling of mortgage-backed securities that institutions knew to be “toxic waste”
10
9
Misleading statements to investors involving capital-raising rights issue
11
10
Misleading investors in the sale of collateralised debt obligations
12
11
Abusive small business lending practices
13
12
Predatory mortgage practices
14
13
Abusive or in inappropriate foreclosure practices
15
14
Abusive imposition of unwarranted fees and charges
16
15
Conducting false appraisals and charging customers for them
17
16
Aiding and abetting tax evasion
18
17
Aiding and abetting money laundering for violent drug cartels
19
18
Violations of rogue-regime sanctions
20
19
Manipulation of Libor
21
20
Manipulation of Euribor
22
21
Manipulation of SF Libor
23
22
Manipulation of Yen Libor
24
23
Manipulation of FX markets
25
24
Manipulation of gold fixing (London)
26
25
Manipulation of commodity markets via metals warehousing practices
27
26
Manipulation of electricity markets (California)
28
27
Manipulation of the swaps market benchmark index (Isdafix)
29
28
Collusion relating to credit default swap market dealing in violation of US anti-trust laws (“settlement” reached with authorities to resolve allegations)
30
29
Filing false statements with the SEC (London Whale)
31
30
Keeping false books and records (London Whale)
32
31
Reporting failures relating to Madoff
33
32
Withholding of critical information from Italian regulators
34
33
Bribing civil service employees in Japan
35
34
Mis-reporting related to Barclays emergency capital raising
36
35
Stealing confidential regulatory information by a banker
37
36
Collusion with Greek authorities to mislead EU policy makers on meeting Euro criteria
38
37
Financial engineering with the aim of moving Italian debt off-balance sheet
39
38
Manipulation of risk models with the aim of minimizing reported Risk Weighted Assets / capital requirements
40
39
Electronic FX trading related market manipulation
41
40
Process and control failures with respect to dealings with the ultra-wealthy/ “politically exposed persons”
42
41
Failure to prevent bribery of African officials
43
42
Peddling complex tax avoidance strategies to corporate clients
44
43
Improperly providing information about a Japanese company to its clients
45
44
Abuses relating to dark pool trading platforms
46
45
Failure to disclose conflict of interests to wealth management clients
47
46
Misleading investors with wrong / incomplete information
48
47
Conspiracy to commit multi-million dollar securities fraud
49
48
Overcharging customers for FX transactions
50
49
Failure to meet the terms of the 2013 Mortgage foreclosure abuses settlement
51
50
Repeated violation of federal laws connected with sourcing securities for client shorting
52
51
Manipulation of Korean stock market
53
52
Unfairly jumping the creditor queue to secure (confiscate?) collateral relating to Lehman
54
53
Publishing research and trading in the shares of a company it was advising
55
54
Other mortgage related abuses including: failing to accurately track payments by borrowers; charging unauthorised fees; and providing false and misleading information in response to complaints by customers
56
55
Use of minority owned non-consolidated subsidiaries to arbitrage capital requirements
57
56
Investment bank analysts altering stock research recommendations to curry favour with companies they are researching
58
57
Use of illegal offshore schemes to avoid paying income tax on bonuses
59
58
Ex Federal Reserve employee working at Goldman conspired with former Central Bank colleague to leak confidential information
60
59
Overcharging custody clients through the use of undisclosed or secret mark-ups on foreign exchange transactions in contradiction of its promise to clients of “best execution rates”
61
60
Mis-selling of loans to small business customers under the UK’s Enterprise Finance scheme
62
61
Offers to procure prostitutes to curry favour with SWF clients
63
62
Manufactured 7.2 billion euros of deposits by sham transactions to inflate reported deposit base during the crisis
64
63
Predatory practices connected with the issuance of banking debit cards
65
64
Supervisory failures connected with Chicago Mercantile related exchange and clearing fee
66
65
Falsifying accounts (manipulating mark-to- market pricing of derivatives positions) to reduce reported unrealised losses
67
66
Dismissal of whistle-blower who complained about the above
68
67
Creation of fake client accounts and making unauthorised transfers to achieve bonus driven sales targets – involving some 2 million clients and no less than 5000 employee offenders over some 5 years
69
68
Misleading investors via misclassification of private client asset accounts with a view to inflate reported Net New Assets for the bank
70
69
Executives awarding themselves generous pay packages at a time when their institution was requesting state aid
71
And currently under investigation…
72
70
Manipulation of precious metals markets (gold/silver/platinum/palladium – Switzerland)
73
71
Manipulation / collusion of the US Treasury Market auction/client sales
74
72
Manipulation of energy markets
75
73
Short changing clients a second time in not paying settlements in full
76
74
Violations connected with emergency fund raisings
77
75
Falsifying customer data and records
78
76
Misleading shareholders ahead of RBS rights issue
79
77
Misleading shareholder information with respect to Lloyds takeover of HBOs
80
78
Conspiracy to force small businesses into bankruptcy to the benefit of the lender
81
79
Insertion of illegal rate floors in Spanish mortgage lending
82
80
Faking customer files to justify predatory foreclosure practices
83
81
Misleading profit and capital statements based on questionable accounting practices
84
82
Bribing (“Improper payments”) officials in connection with license applications in Saudi Arabia
85
83
Hiring sons and daughters of senior officials in return for favours
86
84
Fabricating complaint letters after the fact to justify dismissal of a whistle-blower who raised alarms over possible mis-selling of mutual funds.
87
85
“Mis-informing” (lying) to 4500 people over existence of dormant accounts
88
86
Use of “mirror trades” ($10 billions worth) to circumvent Russian related sanctions
89
87
Overcharging customers who are past due on their credit cards
90
88
Market rigging of Gilt trading
91
89
Hiding failed Loans in the commercial real estate portfolio in 2009 and 2010 whilst issuing new stock to repay government bail-out money
92
90
Non transparent and excess charges for FX transfers by major UK banks to small businesses in the UK
93
91
Manipulating shareholdings around dividend payment dates to trigger dishonestly acquired tax reimbursements
94
92
Manipulation of the Australian “bank bill swap rates”
95
93
Manipulation of the government sponsored bond market (supranational, sub-sovereign and government agency debt or “SSA market”)
96
94
Use of secret / undisclosed payments of circa $500mio connected with emergency capital funding
97
95
Knowingly acquiring “dirty debt” (a loan used as part of a multi-million pound embezzlement scheme) and using it to demand compensation from an African government
98
96
Conspiracy with borrower to falsify work estimates totalling $400 million of fraudulent accounts receivable
99
97
Facilitating fraudulent activity by customers via use of import advance payments
100
98
“Spoofing” in trading of US government bonds
101
99
Laundering the proceeds of Petrobras related corruption
102
100
Mis-selling of “lobo” loans to UK Local Councils
103
101
Fraud and criminal mismanagement in connection with account management for the former prime minister of Georgia
104
102
Forcing customers to switch from variable (“tracker”) mortgages into fixed rate mortgages – in a falling / low rate environment
105
103
Mis-selling expensive life insurance products to little old ladies in France
106
104
Facilitating African money laundering on a grand scale
107
105
Misleading Libor submissions with the aim of boosting confidence in the bank’s perceived credit worthiness
108
106
Conspiring to facilitate VAT evasion through manipulative carbon trading transactions
109
107
Knowingly misleading a major investor in a high stakes deal
110
108
Misleading inexperienced officials in nascent Libyan SWF into complex and ultimately loss making derivative trades
111
109
Mishandling of the proceeds of securities offerings for a state investment fund
112
110
Offering for use, false and misleading valuation opinions on M&A transactions to curry favour with wealth management clients
113
111
Abusive practices in handling mortgage arrears
114
112
Errors and abuses connected with reverse mortagages and related foreclosures in NY State
115
113
Manipulation of Australian Bank Bill Swap Rate – BBSW.
116
114
Forging client signatures to create unwanted credit card account and then harassing the individual for non payment of charges relating to a card never applied for
117
115
Dismissing employees who failed to make their sales targets through fraudulent behaviour
118
116
Forcing distressed banking clients to hire a turn-around consultant who recommended expensive new lending facilities and from whom the banker received personal kickbacks
119
117
Collusion to falsify accounts of Italy’s third largest bank
120
118
Violations in connection with IPO underwriting and distribution (UBS/DB HK)
121
119
Lending money to investors who then invest in the bank’s stock in violation of the law (Iceland proven / UK under investigation)
122
120
Firing employee for statements made while cooperating with an official investigation/misuse of confidential info

src: https://docs.google.com/spreadsheets/d/1AxUvF7EuPZ5l048YekAOoZsd3dFOpAlPXSYd_VSrNLQ/pubhtml/sheet?headers=false&gid=0

src: http://www.finance-watch.org/hot-topics/blog/1186-jenkins-bank-misdeeds

 

“someone has all our money – now give us more”

Bankenrettungen als einträgliches Geschäft

“Das Transnational Institute beziffert die Kosten auf mindestens 747 Milliarden Euro und kritisiert, dass die Wirtschaftsprüfungsgesellschaften für ihre früheren Fehler noch belohnt werden…”Das Geschäft mit Bankenrettungen” In einer aktuellen Analyse beziffert das “Transnational Institute” die Kosten der angeglich “alternativlosen” Bankenrettung auf mindestens 747 Milliarden Euro, die die europäischen Steuerzahler meist durch Erhöhung von Staatsschulden und mit jährlich immer neuen Zinszahlungen bestreiten mußten. Dazu kommen noch über 1,2 Billionen für Bürgschaften und Garantien. Read More »

‘Failing or likely to fail?’

Date published: 13 January 2017
Author: Christian M. Stiefmüller

‘Barely a year after its launch, a new European law that was supposed to put an end to bank bail-outs looks set to be failing already.

20 billion Euro. This is the total size of the cheque the Italian government is getting ready to sign, once again, to bail out Monte dei Paschi, the country’s third-largest bank, and possibly several other of the country’s ailing lenders. A drop in the ocean considering Italy’s public debt, which now stands at an eye-watering 2,224 billion Euro. And still, the bill would amount to some 334 EUR for every man, woman and child in the country. Ten years after the onset of the global financial crisis, taxpayer-funded bank bail‑outs could be back with a vengeance. How did this come to pass?

Since the beginning of 2016, a new European law ‒ the Bank Recovery and Resolution Directive ‒ has been in force to stop governments, once and for all, from bailing out big banks with taxpayers’ money arguing that they were “too big to fail”. The objective was clear: like any normal company, banks that fail should be liquidated. Banks that are too big to be liquidated in one fell swoop should be restructured and/or wound up at their investors’ expense, a process known as “resolution”. No longer should taxpayers foot the bill for bankers’ mistakes. If this sounded too good to be true, it probably was.

“The political appeal of protecting a large bank from being put into resolution is obvious.”

The new law already had some exceptions built in, allowing politicians to protect a bank from being wound up if its demise was likely to cause serious problems for the wider economy. To qualify for a taxpayer-funded rescue – or “precautionary recapitalisation” – that bank would, however, need to be fundamentally healthy and able to prove that its need for government support is only temporary. Moreover, it was made explicit that public funds could not be used to cover losses that have already occurred or which are expected to crystallise in the near term. Now experts across Europe question whether Monte dei Paschi, which is now on its third state-funded bail-out (after 2009 and 2012), complies with these criteria. By contrast, the European Central Bank – which is responsible, together with the Single Resolution Board, for ordering the bank to be restructured or wound up – appears to be satisfied it does. It will be up to the European Commission now to judge whether the Italian government’s rescue plan complies with State Aid rules. Regardless of whether or not that plan will ultimately pass muster – it looks as if the EU’s new legal framework for dealing with failing banks has been deftly sidestepped at its first big test.’

src: http://www.finance-watch.org/hot-topics/blog/1316-failing-or-likely-to-fail

 

Update: 2018-03 Jeff Bezos 112 Billion USD (Amazon) now richest man in the world surpassing Bill Gates.

Amazon-Chef Bezos löst Microsoft-Gründer Bill Gates ab und führt nun die Reichsten-Liste des US-Magazins “Forbes” an – mit einem geschätzten Vermögen von 112 Milliarden Dollar. Dritter ist Starinvestor Warren Buffet.

Should there be a “limit” to how much money somebody can have?

After all brain scientist Manfred Spitzer says – to earn more than 10.000USD/EUR does not make you much happier.

“In 2017, there was a record of 2,043 billionaires (Milliardäre) people on the list, which is the first time over 2,000 people were listed” (src)

It is important to keep an eye on those people. Because with their monetary power they can and will buy influence and distort democracy.

At the same time – you have to suspect that they are the winners of monopoly and would like to stay anonymous kings of the game and keep their actions “under the radar” of public eyes and press.

The net worth of the world's billionaires increased from less than $1 trillion in 2000 to over $7 trillion in 2015
The net worth of the world’s billionaires increased from less than $1 trillion in 2000 to over $7 trillion in 2015 (src: https://en.wikipedia.org/wiki/The_World%27s_Billionaires)

Top10 billionaires – 80% Americans?

The Forbes 2016 Billionaires Top500 List

1. Bill Gates

Net Worth: $75 B

Source of wealth: Microsoft

2. Amancio Ortega

Net Worth: $67 B

Source of wealth: Zara

3. Warren Buffett

Net Worth: $60.8 B

Source of wealth: Berkshire Hathaway

4. Carlos Slim Helu

Net Worth: $50 B

Source of wealth: telecom

5. Jeff Bezos

Net Worth: $45.2 B

Source of wealth: Amazon.com

6. Mark Zuckerberg

Net Worth: $44.6 B

Source of wealth: Facebook

7. Larry Ellison

Net Worth: $43.6 B

Source of wealth: Oracle

8. Michael Bloomberg

Net Worth: $40 B

Source of wealth: Bloomberg LP

9. Charles Koch

Net Worth: $39.6 B

Source of wealth: diversified

10. David Koch

Net Worth: $39.6 B

Source of wealth: diversified

11. Liliane Bettencourt

Net Worth: $36.1 B

Source of wealth: L’Oreal

12. Larry Page

Net Worth: $35.2 B

Source of wealth: Google

13. Sergey Brin

Net Worth: $34.4 B

Source of wealth: Google

14. Bernard Arnault

Net Worth: $34 B

Source of wealth: LVMH

15. Jim Walton

Net Worth: $33.6 B

Source of wealth: Wal-Mart

16. Alice Walton

Net Worth: $32.3 B

Source of wealth: Wal-Mart

17. S. Robson Walton

Net Worth: $31.9 B

Source of wealth: Wal-Mart

18. Jianlin Wang

Net Worth: $28.7 B

Source of wealth: real estate

19. Jorge Paulo Lemann

Net Worth: $27.8 B

Source of wealth: beer

20. Ka-shing Li

Net Worth: $27.1 B

Source of wealth: diversified

21. Beate Heister & Karl Albrecht Jr.

Net Worth: $25.9 B

Source of wealth: supermarkets

22. Sheldon Adelson

Net Worth: $25.2 B

Source of wealth: casinos

23. George Soros

Net Worth: $24.9 B

Source of wealth: hedge funds

24. Phil Knight

Net Worth: $24.4 B

Source of wealth: Nike

25. David Thomson

Net Worth: $23.8 B

Source of wealth: media

26. Steve Ballmer

Net Worth: $23.5 B

Source of wealth: Microsoft

27. Forrest Mars

Net Worth: $23.4 B

Source of wealth: candy

28. Jacqueline Mars

Net Worth: $23.4 B

Source of wealth: candy

29. John Mars

Net Worth: $23.4 B

Source of wealth: candy

30. Maria Franca Fissolo

Net Worth: $22.1 B

Source of wealth: Nutella, Chocolates

31. Shau Kee Lee

Net Worth: $21.5 B

Source of wealth: real estate

32. Stefan Persson

Net Worth: $20.8 B

Source of wealth: H&M

33. Jack Ma

Net Worth: $20.5 B

Source of wealth: Alibaba

34. Theo Albrecht

Net Worth: $20.3 B

Source of wealth: Aldi, Trader Joe’s

35. Michael Dell

Net Worth: $19.8 B

Source of wealth: Dell

36. Mukesh Ambani

Net Worth: $19.3 B

Source of wealth: petrochemicals, oil & gas

37. Leonardo Del Vecchio

Net Worth: $18.7 B

Source of wealth: eyeglasses

38. Susanne Klatten

Net Worth: $18.5 B

Source of wealth: BMW, pharmaceuticals

39. Georg Schaeffler

Net Worth: $18.1 B

Source of wealth: ball bearings

40. Paul Allen

Net Worth: $17.5 B

Source of wealth: Microsoft, investments

41. Prince Alwaleed Bin Talal Alsaud

Net Worth: $17.3 B

Source of wealth: investments

42. Joseph Safra

Net Worth: $17.2 B

Source of wealth: banking

43. Carl Icahn

Net Worth: $17 B

Source of wealth: investments

44. Laurene Powell Jobs

Net Worth: $16.7 B

Source of wealth: Apple, Disney

45. Dilip Shanghvi

Net Worth: $16.7 B

Source of wealth: pharmaceuticals

46. Huateng Ma

Net Worth: $16.6 B

Source of wealth: internet portal

47. Dieter Schwarz

Net Worth: $16.4 B

Source of wealth: retail

48. Ray Dalio

Net Worth: $15.6 B

Source of wealth: hedge funds

49. Stefan Quandt

Net Worth: $15.6 B

Source of wealth: BMW

50. James Simons

Net Worth: $15.5 B

Source of wealth: hedge funds

51. Aliko Dangote

Net Worth: $15.4 B

Source of wealth: cement, sugar, flour

52. Michael Otto

Net Worth: $15.4 B

Source of wealth: retail, real estate

53. Len Blavatnik

Net Worth: $15.3 B

Source of wealth: diversified

54. Donald Bren

Net Worth: $15.1 B

Source of wealth: real estate

55. Azim Premji

Net Worth: $15 B

Source of wealth: software services

56. Serge Dassault

Net Worth: $14.7 B

Source of wealth: aviation

57. Tadashi Yanai

Net Worth: $14.6 B

Source of wealth: retail

58. Yu-tung Cheng

Net Worth: $14.5 B

Source of wealth: diversified

59. Hinduja

Net Worth: $14.5 B

Source of wealth: Hinduja Group

60. Leonid Mikhelson

Net Worth: $14.4 B

Source of wealth: gas, chemicals

61. David & Simon Reuben

Net Worth: $14.4 B

Source of wealth: investments, real estate

62. Stefano Pessina

Net Worth: $13.4 B

Source of wealth: drugstores

63. Mikhail Fridman

Net Worth: $13.3 B

Source of wealth: oil, banking, telecom

64. Dietrich Mateschitz

Net Worth: $13.2 B

Source of wealth: Red Bull

65. Abigail Johnson

Net Worth: $13.1 B

Source of wealth: money management

66. Kjeld Kirk Kristiansen

Net Worth: $13.1 B

Source of wealth: Lego

67. Joseph Lau

Net Worth: $13.1 B

Source of wealth: real estate

68. Gerald Cavendish Grosvenor

Net Worth: $13 B

Source of wealth: real estate

69. Thomas & Raymond Kwok

Net Worth: $13 B

Source of wealth: real estate

70. Marcel Herrmann Telles

Net Worth: $13 B

Source of wealth: beer

71. Henry Sy

Net Worth: $12.9 B

Source of wealth: SM Investments Corporation

72. Steve Cohen

Net Worth: $12.7 B

Source of wealth: hedge funds

73. Pallonji Mistry

Net Worth: $12.5 B

Source of wealth: construction

74. Hans Rausing

Net Worth: $12.5 B

Source of wealth: packaging

75. Alisher Usmanov

Net Worth: $12.5 B

Source of wealth: steel, telecom, investments

76. Charlene de Carvalho-Heineken

Net Worth: $12.3 B

Source of wealth: Heineken

77. Charles Ergen

Net Worth: $12.2 B

Source of wealth: satellite TV

78. Ronald Perelman

Net Worth: $12.1 B

Source of wealth: leveraged buyouts

79. Vladimir Potanin

Net Worth: $12.1 B

Source of wealth: metals

80. Stephen Ross

Net Worth: $12 B

Source of wealth: real estate

81. Patrick Soon-Shiong

Net Worth: $11.9 B

Source of wealth: pharmaceuticals

82. Masayoshi Son

Net Worth: $11.7 B

Source of wealth: internet, telecom

83. Heinz Hermann Thiele

Net Worth: $11.7 B

Source of wealth: brakes

84. Francois Pinault

Net Worth: $11.5 B

Source of wealth: retail

85. David Tepper

Net Worth: $11.4 B

Source of wealth: hedge funds

86. Gennady Timchenko

Net Worth: $11.4 B

Source of wealth: oil & gas

87. Carlos Alberto Sicupira

Net Worth: $11.3 B

Source of wealth: beer

88. Shiv Nadar

Net Worth: $11.1 B

Source of wealth: software services

89. Thomas Peterffy

Net Worth: $11.1 B

Source of wealth: discount brokerage

90. Robin Li

Net Worth: $11 B

Source of wealth: internet search

91. Alain Wertheimer

Net Worth: $11 B

Source of wealth: Chanel

92. Gerard Wertheimer

Net Worth: $11 B

Source of wealth: Chanel

93. Alexey Mordashov

Net Worth: $10.9 B

Source of wealth: steel, investments

94. Elon Musk

Net Worth: $10.7 B

Source of wealth: Tesla Motors

95. Charoen Sirivadhanabhakdi

Net Worth: $10.7 B

Source of wealth: beverages

96. Petr Kellner

Net Worth: $10.6 B

Source of wealth: banking, insurance

97. Rupert Murdoch

Net Worth: $10.6 B

Source of wealth: media

98. Viktor Vekselberg

Net Worth: $10.5 B

Source of wealth: metals, energy

99. Lukas Walton

Net Worth: $10.4 B

Source of wealth: Wal-Mart

100. Eric Schmidt

Net Worth: $10.2 B

Source of wealth: Google

101. Iris Fontbona

Net Worth: $10.1 B

Source of wealth: mining

102. Massimiliana Landini Aleotti

Net Worth: $10.1 B

Source of wealth: pharmaceuticals

103. Mike Adenuga

Net Worth: $10 B

Source of wealth: telcom, oil

104. Klaus-Michael Kuehne

Net Worth: $10 B

Source of wealth: shipping

105. Robert Kuok

Net Worth: $10 B

Source of wealth: palm oil/shipping/real estate

106. Samuel Newhouse

Net Worth: $10 B

Source of wealth: media

107. Jun Lei

Net Worth: $9.8 B

Source of wealth: smartphones

108. Philip Anschutz

Net Worth: $9.7 B

Source of wealth: investments

109. Jim Kennedy

Net Worth: $9.7 B

Source of wealth: media

110. Blair Parry-Okeden

Net Worth: $9.7 B

Source of wealth: media

111. John Paulson

Net Worth: $9.7 B

Source of wealth: hedge funds

112. Kun-Hee Lee

Net Worth: $9.6 B

Source of wealth: Samsung

113. Hasso Plattner

Net Worth: $9.5 B

Source of wealth: software

114. Stephen Schwarzman

Net Worth: $9.5 B

Source of wealth: investments

115. Andrew Beal

Net Worth: $9.4 B

Source of wealth: banks, real estate

116. Vladimir Lisin

Net Worth: $9.3 B

Source of wealth: steel, transport

117. John Menard

Net Worth: $9.3 B

Source of wealth: retail

118. Donald Newhouse

Net Worth: $9.3 B

Source of wealth: media

119. Udo & Harald Tschira

Net Worth: $9.3 B

Source of wealth: Software

120. Galen Weston

Net Worth: $9.3 B

Source of wealth: retail

121. German Larrea Mota Velasco

Net Worth: $9.2 B

Source of wealth: mining

122. Xiangjian He

Net Worth: $9 B

Source of wealth: home appliances

123. Leonard Lauder

Net Worth: $9 B

Source of wealth: Estee Lauder

124. Vagit Alekperov

Net Worth: $8.9 B

Source of wealth: oil

125. Dustin Moskovitz

Net Worth: $8.9 B

Source of wealth: Facebook

126. Luis Carlos Sarmiento

Net Worth: $8.9 B

Source of wealth: banking

127. Gina Rinehart

Net Worth: $8.8 B

Source of wealth: mining

128. German Khan

Net Worth: $8.7 B

Source of wealth: oil, banking, telecom

129. Ernesto Bertarelli

Net Worth: $8.6 B

Source of wealth: biotech, investments

130. Ka Yan Hui

Net Worth: $8.6 B

Source of wealth: real estate

131. Jan Koum

Net Worth: $8.6 B

Source of wealth: WhatsApp

132. Xavier Niel

Net Worth: $8.6 B

Source of wealth: internet, telecom

133. John Fredriksen

Net Worth: $8.5 B

Source of wealth: shipping

134. Cyrus Poonawalla

Net Worth: $8.5 B

Source of wealth: vaccines

135. Gianluigi & Rafaela Aponte

Net Worth: $8.4 B

Source of wealth: shipping

136. Lakshmi Mittal

Net Worth: $8.4 B

Source of wealth: steel

137. Eyal Ofer

Net Worth: $8.4 B

Source of wealth: real estate, shipping

138. Mohammed Al Amoudi

Net Worth: $8.3 B

Source of wealth: oil, diversified

139. Hank & Doug Meijer

Net Worth: $8.2 B

Source of wealth: supermarkets

140. Andrey Melnichenko

Net Worth: $8.2 B

Source of wealth: coal, fertilizers

141. William Ding

Net Worth: $8.1 B

Source of wealth: online games

142. R. Budi Hartono

Net Worth: $8.1 B

Source of wealth: banking, tobacco

143. Reinhold Wuerth

Net Worth: $8.1 B

Source of wealth: fasteners

144. James Goodnight

Net Worth: $8 B

Source of wealth: software

145. Johann Graf

Net Worth: $8 B

Source of wealth: gambling

146. Michael Hartono

Net Worth: $7.9 B

Source of wealth: tobacco, banking

147. Dietmar Hopp

Net Worth: $7.9 B

Source of wealth: software

148. Stanley Kroenke

Net Worth: $7.7 B

Source of wealth: sports, real estate

149. Dmitry Rybolovlev

Net Worth: $7.7 B

Source of wealth: fertilizer

150. Kyung-Bae Suh

Net Worth: $7.7 B

Source of wealth: cosmetics

151. Roman Abramovich

Net Worth: $7.6 B

Source of wealth: steel, investments

152. Emmanuel Besnier

Net Worth: $7.6 B

Source of wealth: cheese

153. Che Woo Lui

Net Worth: $7.6 B

Source of wealth: casinos

154. Robert & Philip Ng

Net Worth: $7.6 B

Source of wealth: real estate

155. Mikhail Prokhorov

Net Worth: $7.6 B

Source of wealth: investments

156. August von Finck

Net Worth: $7.6 B

Source of wealth: investments

157. Ken Griffin

Net Worth: $7.5 B

Source of wealth: hedge funds

158. Ananda Krishnan

Net Worth: $7.4 B

Source of wealth: telecom

159. Eli Broad

Net Worth: $7.3 B

Source of wealth: investments

160. Thomas Frist

Net Worth: $7.3 B

Source of wealth: health care

161. Herbert Kohler

Net Worth: $7.3 B

Source of wealth: plumbing fixtures

162. Harry Triguboff

Net Worth: $7.3 B

Source of wealth: property

163. Edward Johnson

Net Worth: $7.2 B

Source of wealth: money management

164. Pierre Omidyar

Net Worth: $7.2 B

Source of wealth: eBay

165. Takemitsu Takizaki

Net Worth: $7.2 B

Source of wealth: sensors

166. Wenyin Wang

Net Worth: $7.2 B

Source of wealth: mining, copper products

167. Micky Arison

Net Worth: $7.1 B

Source of wealth: Carnival Cruises

168. George Kaiser

Net Worth: $7.1 B

Source of wealth: oil & gas, banking

169. Les Wexner

Net Worth: $7.1 B

Source of wealth: retail

170. Alberto Bailleres Gonzalez

Net Worth: $6.9 B

Source of wealth: mining

171. Dhanin Chearavanont

Net Worth: $6.8 B

Source of wealth: food

172. Margarita Louis-Dreyfus

Net Worth: $6.8 B

Source of wealth: commodities

173. Alexei Kuzmichev

Net Worth: $6.7 B

Source of wealth: oil, banking, telecom

174. Nicky Oppenheimer

Net Worth: $6.6 B

Source of wealth: diamonds

175. Peter Woo

Net Worth: $6.6 B

Source of wealth: real estate

176. Jean-Claude Decaux

Net Worth: $6.5 B

Source of wealth: advertising

177. David Geffen

Net Worth: $6.5 B

Source of wealth: entertainment

178. James Chambers

Net Worth: $6.4 B

Source of wealth: Media

179. Walter Droege

Net Worth: $6.4 B

Source of wealth: Consulting

180. Graeme Hart

Net Worth: $6.4 B

Source of wealth: investments

181. Sandra Ortega Mera

Net Worth: $6.4 B

Source of wealth: Zara

182. Katharine Rayner

Net Worth: $6.4 B

Source of wealth: Media

183. Margaretta Taylor

Net Worth: $6.4 B

Source of wealth: Media

184. John Grayken

Net Worth: $6.3 B

Source of wealth: private equity

185. Uday Kotak

Net Worth: $6.3 B

Source of wealth: banking

186. Qiangdong Liu

Net Worth: $6.3 B

Source of wealth: e-commerce

187. John Malone

Net Worth: $6.3 B

Source of wealth: cable television

188. Silvio Berlusconi

Net Worth: $6.2 B

Source of wealth: media

189. Garrett Camp

Net Worth: $6.2 B

Source of wealth: Uber Technologies

190. Curt Engelhorn

Net Worth: $6.2 B

Source of wealth: pharmaceuticals

191. Travis Kalanick

Net Worth: $6.2 B

Source of wealth: Uber Technologies

192. Walter Kwok

Net Worth: $6.2 B

Source of wealth: real estate

193. Eduardo Saverin

Net Worth: $6.2 B

Source of wealth: Facebook

194. Shihui Xu

Net Worth: $6.2 B

Source of wealth: snacks, beverages

195. Qinghou Zong

Net Worth: $6.2 B

Source of wealth: beverages

196. Giorgio Armani

Net Worth: $6.1 B

Source of wealth: Armani

197. Kumar Birla

Net Worth: $6.1 B

Source of wealth: commodities

198. Eva Gonda de Rivera

Net Worth: $6.1 B

Source of wealth: beverages

199. Wolfgang Marguerre

Net Worth: $6.1 B

Source of wealth: pharmaceuticals

200. Hansjoerg Wyss

Net Worth: $6.1 B

Source of wealth: medical devices

201. Jay Y. Lee

Net Worth: $6 B

Source of wealth: Samsung

202. Gordon Moore

Net Worth: $6 B

Source of wealth: Intel

203. Frederik Paulsen

Net Worth: $6 B

Source of wealth: health care

204. Eng-Meng Tsai

Net Worth: $6 B

Source of wealth: food, beverages

205. Patrick Drahi

Net Worth: $5.9 B

Source of wealth: Telecom

206. Philip & Cristina Green

Net Worth: $5.9 B

Source of wealth: retail

207. Mikhail Gutseriev

Net Worth: $5.9 B

Source of wealth: oil, real estate

208. Shahid Khan

Net Worth: $5.9 B

Source of wealth: auto parts

209. Richard LeFrak

Net Worth: $5.9 B

Source of wealth: real estate

210. Tom & Judy Love

Net Worth: $5.9 B

Source of wealth: retail & gas stations

211. Sutong Pan

Net Worth: $5.9 B

Source of wealth: real estate, finance

212. Zhidong Zhang

Net Worth: $5.9 B

Source of wealth: internet media

213. Qunfei Zhou

Net Worth: $5.9 B

Source of wealth: smartphone glass covers

214. Michael Kadoorie

Net Worth: $5.8 B

Source of wealth: hotels, energy

215. Jorn Rausing

Net Worth: $5.8 B

Source of wealth: packaging

216. John A. Sobrato

Net Worth: $5.8 B

Source of wealth: real estate

217. Dennis Washington

Net Worth: $5.8 B

Source of wealth: construction, mining

218. Christoffel Wiese

Net Worth: $5.8 B

Source of wealth: retailing

219. Francis Choi

Net Worth: $5.7 B

Source of wealth: real estate

220. Sergei Galitsky

Net Worth: $5.7 B

Source of wealth: retail

221. Antonia Johnson

Net Worth: $5.7 B

Source of wealth: diversified

222. Pauline MacMillan Keinath

Net Worth: $5.7 B

Source of wealth: Cargill

223. Guanqiu Lu

Net Worth: $5.7 B

Source of wealth: conglomerate

224. Sunil Mittal

Net Worth: $5.7 B

Source of wealth: telecom

225. Denis O’Brien

Net Worth: $5.7 B

Source of wealth: telecom

226. Augusto & Giorgio Perfetti

Net Worth: $5.7 B

Source of wealth: candy

227. Melker Schorling

Net Worth: $5.7 B

Source of wealth: investments

228. Heinrich Deichmann

Net Worth: $5.6 B

Source of wealth: Footwear

229. Terry Gou

Net Worth: $5.6 B

Source of wealth: electronics

230. David Green

Net Worth: $5.6 B

Source of wealth: retail

231. Hiroshi Mikitani

Net Worth: $5.6 B

Source of wealth: online retailing

232. Stef Wertheimer

Net Worth: $5.6 B

Source of wealth: metalworking tools

233. Maria Asuncion Aramburuzabala

Net Worth: $5.5 B

Source of wealth: beer, investments

234. Desh Bandhu Gupta

Net Worth: $5.5 B

Source of wealth: pharmaceuticals

235. Ralph Lauren

Net Worth: $5.5 B

Source of wealth: Ralph Lauren

236. Ted Lerner

Net Worth: $5.5 B

Source of wealth: real estate

237. James Ratcliffe

Net Worth: $5.5 B

Source of wealth: chemicals

238. Finn Rausing

Net Worth: $5.5 B

Source of wealth: packaging

239. Kirsten Rausing

Net Worth: $5.5 B

Source of wealth: packaging

240. Bruce Halle

Net Worth: $5.4 B

Source of wealth: tires

241. James Irving

Net Worth: $5.4 B

Source of wealth: diversified

242. Jason Jiang

Net Worth: $5.4 B

Source of wealth: advertising

243. Richard Kinder

Net Worth: $5.4 B

Source of wealth: pipelines

244. Juan Roig

Net Worth: $5.4 B

Source of wealth: supermarkets

245. Charles Schwab

Net Worth: $5.4 B

Source of wealth: discount brokerage

246. Aloys Wobben

Net Worth: $5.4 B

Source of wealth: wind turbines

247. Chuanhua Xu

Net Worth: $5.4 B

Source of wealth: chemicals

248. Vincent Bollore

Net Worth: $5.3 B

Source of wealth: investments

249. Guenther Fielmann

Net Worth: $5.3 B

Source of wealth: optometry

250. Ray Lee Hunt

Net Worth: $5.3 B

Source of wealth: oil, real estate

251. Bruce Kovner

Net Worth: $5.3 B

Source of wealth: hedge funds

252. Kar Po Law

Net Worth: $5.3 B

Source of wealth: real estate

253. Joe Lewis

Net Worth: $5.3 B

Source of wealth: investments

254. Leng Chan Quek

Net Worth: $5.3 B

Source of wealth: banking, real estate

255. Johann Rupert

Net Worth: $5.3 B

Source of wealth: luxury goods

256. Andrei Skoch

Net Worth: $5.3 B

Source of wealth: steel

257. Jack Taylor

Net Worth: $5.3 B

Source of wealth: Enterprise Rent-A-Car

258. Laiwa Chan

Net Worth: $5.2 B

Source of wealth: real estate

259. Anders Holch Povlsen

Net Worth: $5.2 B

Source of wealth: retail

260. Trevor Rees-Jones

Net Worth: $5.2 B

Source of wealth: oil & gas

261. Christy Walton

Net Worth: $5.2 B

Source of wealth: Wal-Mart

262. Vivien Chen

Net Worth: $5.1 B

Source of wealth: real estate

263. Harold Hamm

Net Worth: $5.1 B

Source of wealth: oil & gas

264. Diane Hendricks

Net Worth: $5.1 B

Source of wealth: roofing

265. Yongxing Liu

Net Worth: $5.1 B

Source of wealth: agribusiness

266. Ian & Richard Livingstone

Net Worth: $5.1 B

Source of wealth: real estate

267. Frank Lowy

Net Worth: $5.1 B

Source of wealth: shopping malls

268. Ludwig Merckle

Net Worth: $5.1 B

Source of wealth: pharmaceuticals

269. Dan Olsson

Net Worth: $5.1 B

Source of wealth: diversified

270. Majid Al Futtaim

Net Worth: $5 B

Source of wealth: real estate, retail

271. Charles Dolan

Net Worth: $5 B

Source of wealth: cable television

272. Israel Englander

Net Worth: $5 B

Source of wealth: hedge funds

273. Cheng Liang Goh

Net Worth: $5 B

Source of wealth: paints

274. John Gokongwei

Net Worth: $5 B

Source of wealth: diversified

275. Guangchang Guo

Net Worth: $5 B

Source of wealth: conglomerate

276. Tamara Gustavson

Net Worth: $5 B

Source of wealth: self storage

277. Jerry Jones

Net Worth: $5 B

Source of wealth: Dallas Cowboys

278. Karl-Heinz Kipp

Net Worth: $5 B

Source of wealth: retail

279. Kwee

Net Worth: $5 B

Source of wealth: Pontiac Land Group

280. Willi & Isolde Liebherr

Net Worth: $5 B

Source of wealth: construction

281. Yu-lin Lin

Net Worth: $5 B

Source of wealth: real estate

282. Arnon Milchan

Net Worth: $5 B

Source of wealth: movie making

283. Shashi & Ravi Ruia

Net Worth: $5 B

Source of wealth: diversified

284. David Shaw

Net Worth: $5 B

Source of wealth: hedge funds

285. Huiyan Yang

Net Worth: $5 B

Source of wealth: real estate

286. Abdulla bin Ahmad Al Ghurair

Net Worth: $4.9 B

Source of wealth: diversified

287. David & Frederick Barclay

Net Worth: $4.9 B

Source of wealth: media, retail

288. Richard Branson

Net Worth: $4.9 B

Source of wealth: Virgin

289. Jim Davis

Net Worth: $4.9 B

Source of wealth: New Balance

290. Albert Frere

Net Worth: $4.9 B

Source of wealth: investments

291. Daniel Gilbert

Net Worth: $4.9 B

Source of wealth: Quicken Loans

292. Akira Mori

Net Worth: $4.9 B

Source of wealth: real estate

293. Robert Rowling

Net Worth: $4.9 B

Source of wealth: investments

294. Alejandro Santo Domingo

Net Worth: $4.9 B

Source of wealth: beer

295. Andres Santo Domingo

Net Worth: $4.9 B

Source of wealth: beer

296. Bernard (Barry) Sherman

Net Worth: $4.9 B

Source of wealth: pharmaceuticals

297. Chairul Tanjung

Net Worth: $4.9 B

Source of wealth: diversified

298. Carl Cook

Net Worth: $4.8 B

Source of wealth: medical devices

299. Michael & Marian Ilitch

Net Worth: $4.8 B

Source of wealth: pizza

300. Bidzina Ivanishvili

Net Worth: $4.8 B

Source of wealth: investments

301. Robert Kraft

Net Worth: $4.8 B

Source of wealth: New England Patriots

302. Zhiqiang Lu

Net Worth: $4.8 B

Source of wealth: conglomerate

303. Michael Stoschek

Net Worth: $4.8 B

Source of wealth: autoparts

304. Sam Zell

Net Worth: $4.8 B

Source of wealth: real estate, private equity

305. Daniel Ziff

Net Worth: $4.8 B

Source of wealth: investments

306. Dirk Ziff

Net Worth: $4.8 B

Source of wealth: investments

307. Robert Ziff

Net Worth: $4.8 B

Source of wealth: investments

308. Richard DeVos

Net Worth: $4.7 B

Source of wealth: Amway

309. Gustaf Douglas

Net Worth: $4.7 B

Source of wealth: security

310. Arthur Irving

Net Worth: $4.7 B

Source of wealth: oil

311. Yueting Jia

Net Worth: $4.7 B

Source of wealth: online video

312. Paul Tudor Jones

Net Worth: $4.7 B

Source of wealth: hedge funds

313. Whitney MacMillan

Net Worth: $4.7 B

Source of wealth: Cargill

314. Guangxin Sun

Net Worth: $4.7 B

Source of wealth: diversified

315. Hong Piow Teh

Net Worth: $4.7 B

Source of wealth: banking

316. Hans Peter Wild

Net Worth: $4.7 B

Source of wealth: flavorings

317. Pyotr Aven

Net Worth: $4.6 B

Source of wealth: oil, banking, telecom

318. Laurence Graff

Net Worth: $4.6 B

Source of wealth: diamond jewelry

319. Charles Johnson

Net Worth: $4.6 B

Source of wealth: money management

320. Shin Cheng Lee

Net Worth: $4.6 B

Source of wealth: palm oil, real estate

321. Richard Li

Net Worth: $4.6 B

Source of wealth: telecom

322. Bruno Schroder

Net Worth: $4.6 B

Source of wealth: banking

323. Mark Shoen

Net Worth: $4.6 B

Source of wealth: U-Haul

324. Dona Bertarelli

Net Worth: $4.5 B

Source of wealth: biotech

325. Leon Black

Net Worth: $4.5 B

Source of wealth: private equity

326. Carlos and Alejandro Bulgheroni

Net Worth: $4.5 B

Source of wealth: oil and gas

327. Clive Calder

Net Worth: $4.5 B

Source of wealth: record label

328. Ann Walton Kroenke

Net Worth: $4.5 B

Source of wealth: Wal-Mart

329. George Lucas

Net Worth: $4.5 B

Source of wealth: Star Wars

330. Theo Mueller

Net Worth: $4.5 B

Source of wealth: dairy

331. Jim Pattison

Net Worth: $4.5 B

Source of wealth: diversified

332. Sergei Popov

Net Worth: $4.5 B

Source of wealth: banking

333. Sumner Redstone

Net Worth: $4.5 B

Source of wealth: Media

334. Maria-Elisabeth Schaeffler

Net Worth: $4.5 B

Source of wealth: ball bearings

335. David Sun

Net Worth: $4.5 B

Source of wealth: computer hardware

336. Donald Trump

Net Worth: $4.5 B

Source of wealth: television, real estate

337. John Tu

Net Worth: $4.5 B

Source of wealth: computer hardware

338. Brian Acton

Net Worth: $4.4 B

Source of wealth: WhatsApp

339. Jeronimo Arango

Net Worth: $4.4 B

Source of wealth: retail

340. Pierre Bellon

Net Worth: $4.4 B

Source of wealth: food services

341. Stanley Druckenmiller

Net Worth: $4.4 B

Source of wealth: hedge funds

342. David Duffield

Net Worth: $4.4 B

Source of wealth: business software

343. Micky Jagtiani

Net Worth: $4.4 B

Source of wealth: retail

344. Wolfgang Reimann

Net Worth: $4.4 B

Source of wealth: consumer goods

345. Matthias Reimann-Andersen

Net Worth: $4.4 B

Source of wealth: consumer goods

346. Stefan Reimann-Andersen

Net Worth: $4.4 B

Source of wealth: consumer goods

347. Renate Reimann-Haas

Net Worth: $4.4 B

Source of wealth: consumer goods

348. Emanuele (Lino) Saputo

Net Worth: $4.4 B

Source of wealth: cheese

349. Jinquan Tong

Net Worth: $4.4 B

Source of wealth: real estate

350. Chuanfu Wang

Net Worth: $4.4 B

Source of wealth: batteries, autos

351. Bernard Broermann

Net Worth: $4.3 B

Source of wealth: hospitals

352. Mong-Koo Chung

Net Worth: $4.3 B

Source of wealth: motor vehicles

353. Joao Roberto Marinho

Net Worth: $4.3 B

Source of wealth: media

354. Jose Roberto Marinho

Net Worth: $4.3 B

Source of wealth: media

355. Roberto Irineu Marinho

Net Worth: $4.3 B

Source of wealth: media

356. Ricardo Salinas Pliego

Net Worth: $4.3 B

Source of wealth: retail, media

357. Jianjun Wei

Net Worth: $4.3 B

Source of wealth: automobiles

358. Ralph Dommermuth

Net Worth: $4.2 B

Source of wealth: internet service provider

359. Jeffery Hildebrand

Net Worth: $4.2 B

Source of wealth: oil

360. Henry Kravis

Net Worth: $4.2 B

Source of wealth: private equity

361. Sri Prakash Lohia

Net Worth: $4.2 B

Source of wealth: polyester

362. Carrie Perrodo

Net Worth: $4.2 B

Source of wealth: oil

363. Odd Reitan

Net Worth: $4.2 B

Source of wealth: retail, real estate

364. Stewart and Lynda Resnick

Net Worth: $4.2 B

Source of wealth: agriculture, water

365. Joseph Tsai

Net Worth: $4.2 B

Source of wealth: e-commerce

366. Wei Wang

Net Worth: $4.2 B

Source of wealth: package delivery service

367. Cho Yaw Wee

Net Worth: $4.2 B

Source of wealth: banking

368. M.A. Yusuff Ali

Net Worth: $4.2 B

Source of wealth: retail

369. Americo Amorim

Net Worth: $4.1 B

Source of wealth: energy, investments

370. Dannine Avara

Net Worth: $4.1 B

Source of wealth: pipelines

371. John Doerr

Net Worth: $4.1 B

Source of wealth: venture capital

372. Scott Duncan

Net Worth: $4.1 B

Source of wealth: pipelines

373. Milane Frantz

Net Worth: $4.1 B

Source of wealth: pipelines

374. Hongjia Gong

Net Worth: $4.1 B

Source of wealth: investments

375. Yonghao Liu

Net Worth: $4.1 B

Source of wealth: agribusiness

376. George Roberts

Net Worth: $4.1 B

Source of wealth: private equity

377. Mark Scheinberg

Net Worth: $4.1 B

Source of wealth: online gambling

378. Reinhold Schmieding

Net Worth: $4.1 B

Source of wealth: medical devices

379. Randa Williams

Net Worth: $4.1 B

Source of wealth: pipelines

380. Jin Sook & Do Won Chang

Net Worth: $4 B

Source of wealth: fashion retail

381. James Dyson

Net Worth: $4 B

Source of wealth: vacuums

382. Chang-Woo Han

Net Worth: $4 B

Source of wealth: pachinko parlors

383. Bertil Hult

Net Worth: $4 B

Source of wealth: education

384. James Jannard

Net Worth: $4 B

Source of wealth: sunglasses

385. Vikram Lal

Net Worth: $4 B

Source of wealth: motorcycles

386. Nancy Walton Laurie

Net Worth: $4 B

Source of wealth: Wal-Mart

387. Iskander Makhmudov

Net Worth: $4 B

Source of wealth: mining, metals, machinery

388. Terrence Pegula

Net Worth: $4 B

Source of wealth: natural gas

389. Jerry Speyer

Net Worth: $4 B

Source of wealth: real estate

390. Leonard Stern

Net Worth: $4 B

Source of wealth: real estate

391. Lucio Tan

Net Worth: $4 B

Source of wealth: diversified

392. Shari Arison

Net Worth: $3.9 B

Source of wealth: Carnival Cruises

393. Leonid Fedun

Net Worth: $3.9 B

Source of wealth: oil

394. Frits Goldschmeding

Net Worth: $3.9 B

Source of wealth: temp agency

395. Martha Ingram

Net Worth: $3.9 B

Source of wealth: book distribution, transportation

396. Rupert Johnson

Net Worth: $3.9 B

Source of wealth: money management

397. Edwin Leong

Net Worth: $3.9 B

Source of wealth: real estate

398. Mary Alice Dorrance Malone

Net Worth: $3.9 B

Source of wealth: Campbell Soup

399. John Sall

Net Worth: $3.9 B

Source of wealth: software

400. Jeffrey Skoll

Net Worth: $3.9 B

Source of wealth: eBay

401. Sheldon Solow

Net Worth: $3.9 B

Source of wealth: real estate

402. Jianping Zhou

Net Worth: $3.9 B

Source of wealth: apparel

403. Heinz-Georg Baus

Net Worth: $3.8 B

Source of wealth: home improvement stores

404. Denise Coates

Net Worth: $3.8 B

Source of wealth: online gambling

405. Traudl Engelhorn

Net Worth: $3.8 B

Source of wealth: pharmaceuticals/medical equipment

406. Ursula Engelhorn

Net Worth: $3.8 B

Source of wealth: pharmaceuticals/medical equipment

407. Michael Herz

Net Worth: $3.8 B

Source of wealth: coffee

408. Wolfgang Herz

Net Worth: $3.8 B

Source of wealth: coffee

409. Randal Kirk

Net Worth: $3.8 B

Source of wealth: pharmaceuticals

410. Niels Peter Louis-Hansen

Net Worth: $3.8 B

Source of wealth: medical devices

411. Fredrik Lundberg

Net Worth: $3.8 B

Source of wealth: real estate, investments

412. John Morris

Net Worth: $3.8 B

Source of wealth: sporting goods retail

413. H. Ross Perot

Net Worth: $3.8 B

Source of wealth: computer services, real estate

414. Michael Pieper

Net Worth: $3.8 B

Source of wealth: kitchen appliances

415. Karen Pritzker

Net Worth: $3.8 B

Source of wealth: hotels, investments

416. Viktor Rashnikov

Net Worth: $3.8 B

Source of wealth: steel

417. Leandro Rizzuto

Net Worth: $3.8 B

Source of wealth: consumer products

418. Edward Roski

Net Worth: $3.8 B

Source of wealth: real estate

419. Walter Scott

Net Worth: $3.8 B

Source of wealth: utilities, telecom

420. Jindong Zhang

Net Worth: $3.8 B

Source of wealth: appliance retailer

421. Rahel Blocher

Net Worth: $3.7 B

Source of wealth: chemicals

422. Vanich Chaiyawan

Net Worth: $3.7 B

Source of wealth: insurance, beverages

423. Juan Carlos Escotet

Net Worth: $3.7 B

Source of wealth: banking

424. Phillip Frost

Net Worth: $3.7 B

Source of wealth: pharmaceuticals

425. Wing Mau Hui

Net Worth: $3.7 B

Source of wealth: real estate

426. Jeremy Jacobs

Net Worth: $3.7 B

Source of wealth: sports concessions

427. Nathan Kirsh

Net Worth: $3.7 B

Source of wealth: retail, real estate

428. Hyuk-Bin Kwon

Net Worth: $3.7 B

Source of wealth: online games

429. Magdalena Martullo-Blocher

Net Worth: $3.7 B

Source of wealth: chemicals

430. Axel Oberwelland

Net Worth: $3.7 B

Source of wealth: candy

431. Idan Ofer

Net Worth: $3.7 B

Source of wealth: drilling, shipping

432. Horst Paulmann

Net Worth: $3.7 B

Source of wealth: retail

433. Nassef Sawiris

Net Worth: $3.7 B

Source of wealth: construction, chemicals

434. George Ty

Net Worth: $3.7 B

Source of wealth: banking

435. Alexander Abramov

Net Worth: $3.6 B

Source of wealth: steel, mining

436. Martin & Olivier Bouygues

Net Worth: $3.6 B

Source of wealth: construction, media

437. Subhash Chandra

Net Worth: $3.6 B

Source of wealth: media

438. Archie Aldis Emmerson

Net Worth: $3.6 B

Source of wealth: timberland, lumber mills

439. Andrei Guriev

Net Worth: $3.6 B

Source of wealth: fertilizers

440. Elizabeth Holmes

Net Worth: $3.6 B

Source of wealth: blood testing

441. Masatoshi Ito

Net Worth: $3.6 B

Source of wealth: retail

442. Dominika & Sebastian Kulczyk

Net Worth: $3.6 B

Source of wealth: diversified

443. Siegfried Meister

Net Worth: $3.6 B

Source of wealth: appliances

444. Gwendolyn Sontheim Meyer

Net Worth: $3.6 B

Source of wealth: Cargill

445. Anthony Pratt

Net Worth: $3.6 B

Source of wealth: manufacturing

446. Steven Rales

Net Worth: $3.6 B

Source of wealth: manufacturing

447. Ira Rennert

Net Worth: $3.6 B

Source of wealth: investments

448. Julian Robertson

Net Worth: $3.6 B

Source of wealth: hedge funds

449. Harry Stine

Net Worth: $3.6 B

Source of wealth: agriculture

450. Ronda Stryker

Net Worth: $3.6 B

Source of wealth: medical equipment

451. Lottie Tham

Net Worth: $3.6 B

Source of wealth: H&M

452. Frank Wang

Net Worth: $3.6 B

Source of wealth: drones

453. Gautam Adani

Net Worth: $3.5 B

Source of wealth: commodities, infrastructure

454. Michael Ashley

Net Worth: $3.5 B

Source of wealth: sports retailing

455. Benu Gopal Bangur

Net Worth: $3.5 B

Source of wealth: cement

456. Peter Buck

Net Worth: $3.5 B

Source of wealth: Subway sandwich shops

457. Rick Caruso

Net Worth: $3.5 B

Source of wealth: real estate

458. Dan Friedkin

Net Worth: $3.5 B

Source of wealth: Toyota dealerships

459. Antti Herlin

Net Worth: $3.5 B

Source of wealth: elevators, escalators

460. Kieu Hoang

Net Worth: $3.5 B

Source of wealth: pharmaceuticals

461. Savitri Jindal

Net Worth: $3.5 B

Source of wealth: steel

462. Ronald Lauder

Net Worth: $3.5 B

Source of wealth: Estee Lauder

463. Wengen Liang

Net Worth: $3.5 B

Source of wealth: construction equipment

464. Masahiro Miki

Net Worth: $3.5 B

Source of wealth: retail

465. Igor Olenicoff

Net Worth: $3.5 B

Source of wealth: real estate

466. James Packer

Net Worth: $3.5 B

Source of wealth: casinos

467. Zhengmin Pan

Net Worth: $3.5 B

Source of wealth: electronics

468. Pankaj Patel

Net Worth: $3.5 B

Source of wealth: pharmaceuticals

469. Isaac Perlmutter

Net Worth: $3.5 B

Source of wealth: Marvel comics

470. Robert Rich

Net Worth: $3.5 B

Source of wealth: frozen foods

471. Haim Saban

Net Worth: $3.5 B

Source of wealth: TV network, investments

472. Steven Spielberg

Net Worth: $3.5 B

Source of wealth: Movies

473. Keiichiro Takahara

Net Worth: $3.5 B

Source of wealth: diapers

474. Steven Udvar-Hazy

Net Worth: $3.5 B

Source of wealth: aircraft leasing

475. Wenxue Wang

Net Worth: $3.5 B

Source of wealth: real estate

476. Shiping Zhang

Net Worth: $3.5 B

Source of wealth: aluminum products

477. Prince Sultan bin Mohammed bin Saud Al Kabeer

Net Worth: $3.4 B

Source of wealth: dairy farms

478. Isak Andic

Net Worth: $3.4 B

Source of wealth: clothing retail

479. Neil Bluhm

Net Worth: $3.4 B

Source of wealth: real estate

480. John Catsimatidis

Net Worth: $3.4 B

Source of wealth: oil, real estate

481. Giuseppe De’Longhi

Net Worth: $3.4 B

Source of wealth: coffee makers

482. Abilio dos Santos Diniz

Net Worth: $3.4 B

Source of wealth: retail

483. Pansy Ho

Net Worth: $3.4 B

Source of wealth: casinos

484. Michel Leclercq

Net Worth: $3.4 B

Source of wealth: sporting goods

485. Elisabeth Mohn

Net Worth: $3.4 B

Source of wealth: media

486. Kang Pang

Net Worth: $3.4 B

Source of wealth: soy sauce maker

487. Guanghe Qiu

Net Worth: $3.4 B

Source of wealth: apparel retail

488. Mitchell Rales

Net Worth: $3.4 B

Source of wealth: manufacturing, investments

489. Paolo & Gianfelice Mario Rocca

Net Worth: $3.4 B

Source of wealth: pipe manufacturing

490. Lynn Schusterman

Net Worth: $3.4 B

Source of wealth: oil & gas, investments

491. Friede Springer

Net Worth: $3.4 B

Source of wealth: publishing

492. Piaoyang Sun

Net Worth: $3.4 B

Source of wealth: pharmaceuticals

493. Jeff Sutton

Net Worth: $3.4 B

Source of wealth: real estate

494. Russ Weiner

Net Worth: $3.4 B

Source of wealth: energy drinks

495. Marc Benioff

Net Worth: $3.3 B

Source of wealth: business software

496. Nathan Blecharczyk

Net Worth: $3.3 B

Source of wealth: Airbnb

497. Bubba Cathy

Net Worth: $3.3 B

Source of wealth: Chick-Fil-A

498. Dan Cathy

Net Worth: $3.3 B

Source of wealth: Chick-Fil-A

499. David Cheriton

Net Worth: $3.3 B

Source of wealth: Google

500. Brian Chesky

Net Worth: $3.3 B

Source of wealth: Airbnb

src: http://www.forbes.com/sites/kerenblankfeld/2016/03/01/forbes-billionaires-full-list-of-the-500-richest-people-in-the-world-2016/

Links:

Top500 Richest Germans:

https://de.wikipedia.org/wiki/Liste_der_500_reichsten_Deutschen

Top10 Richest Germans:
https://de.wikipedia.org/wiki/Chronologie_der_reichsten_Deutschen#M%C3%A4rz_2017