Monday, December 6, 2010

Wipro's Azim Premji makes $2bn Indian charity gift Says BBC News

Indian software tycoon Azim Premji has announced he will donate nearly $2bn (£1.3bn) to fund rural education and development programmes.Correspondents say that it is one of the largest charitable donations in the country’s history.Mr Premji said that he intended to form a new charitable trust for education and was transferring shares worth $2bn from his Wipro company.

He is one of the wealthiest business entrepreneurs in the world.Market analysts Forbes list him as the third richest Indian and the 28th richest person in the world – with an estimated net worth of more than $17bn (£11bn).Bangalore-based Wipro employs almost 100,000 people worldwide.

World's richest man owns $44 million New York mansion

Mexican billionaire Carlos Slim, pictured, has bought the only private Manhattan Fifth Avenue mansion for a cool $44 million.

 

Who is Carlos?

Carlos Slim Helú  born January 28, 1940 is a Mexican business magnate, philanthropist and the chairman and CEO of Telmex, América Móvil. His extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso, SA de CV, amassed interests in the fields of communications, technology, retailing, and finance. As of April 2010, he is the wealthiest person in the world with a net worth of around US$60.6 billion.

Ever since Carlos Slim Helu became the first non-American to take the number one position in Forbes list of world’s richest men, he has never missed to make it to the headlines. Living up to his new found status, the Mexican tycoon recently made a purchase that ensured him a mention in the headlines. The news making purchase was a new house that the billionaire purchased in New York. According to public records, the tycoon has shelled out a cool $44 million to buy the Duke-Semans mansion, a beaux-arts townhouse directly across from the Met. This enormous is the most paid for any New York home in nearly two years.

 

Newyork Mansion:

Located in the corner of Fifth Avenue and 82nd Street, on New York’s vaunted “Museum Mile”, the mansion had an asking price of $50 million and is sure to make a perfect abode for any wealthy tycoon. The mansion was sold to the tycoon by its previous owner Tamir Sapir, who made a cool 10% profit from this sale.

What is more, it is reported that the broker Del Nunzio, was sidelined in this sale as Helu and Sapir agreed to the deal privately. Spreading across a cool 19,500 square feet, the house with magnificent exteriors is just as lovely on the inside (although it needs some work on the inside). Comprised of a five-story main residence, a penthouse duplex on top, 12 bedrooms, 14 bathrooms, and 11 wood-burning fireplaces, this house truly befits its new owner.

 

Mexican billionaire Carlos Slim, pictured, has bought the only private Manhattan Fifth Avenue mansion for a cool $44 millionWho is Carlos?Carlos Slim Helú  born January 28, 1940 is a Mexican business magnate, philanthropist and the chairman and CEO of Telmex, América Móvil. His extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso, SA de CV, amassed interests in the fields of communications, technology, retailing, and finance. As of April 2010, he is the wealthiest person in the world with a net worth of around US$60.6 billion.Ever since Carlos Slim Helu became the first non-American to take the number one position in Forbes list of world’s richest men, he has never missed to make it to the headlines. Living up to his new found status, the Mexican tycoon recently made a purchase that ensured him a mention in the headlines. The news making purchase was a new house that the billionaire purchased in New York. According to public records, the tycoon has shelled out a cool $44 million to buy the Duke-Semans mansion, a beaux-arts townhouse directly across from the Met. This enormous is the most paid for any New York home in nearly two years. Located in the corner of Fifth Avenue and 82nd Street, on New York’s vaunted “Museum Mile”, the mansion had an asking price of $50 million and is sure to make a perfect abode for any wealthy tycoon. The mansion was sold to the tycoon by its previous owner Tamir Sapir, who made a cool 10% profit from this sale.
What is more, it is reported that the broker Del Nunzio, was sidelined in this sale as Helu and Sapir agreed to the deal privately. Spreading across a cool 19,500 square feet, the house with magnificent exteriors is just as lovely on the inside (although it needs some work on the inside). Comprised of a five-story main residence, a penthouse duplex on top, 12 bedrooms, 14 bathrooms, and 11 wood-burning fireplaces, this house truly befits its new owner.

Carlos Slim's No Focused on Net Servicos Boosts Bond Prices

Carlos Slim Carlos Slim, the world's wealthiest man, increased his interest in Net Servicos de Comunicacao, the largest cable TV provider in Brazil. The increase in investment in Net Servico by Carlos Slim has put the company's bonds in a position to beat other communication and media-related corporations in Latin America.It should be noted that America Movil SAB, Latin America's largest wireless company that belongs to Carlos Slim, invested $2 billion on October 7 to take hold of the preferred shares in Net.

 

The latest move is part of Carlos Slim's efforts and strategies to amalgamate mobile phone operations with home phone, Internet and TV services in Brazil. Carlos Slim aims to have customers switch over from companies such as Telefonica SA, and Embratel Participacoes SA. As of October 26, Carlos Slim had a seventy nine percent share in Net.

 

Carlos Slim crossed Bill GatesBill Gates and Warren BuffettWarren Buffett to become the richest person on Earth, according to the Forbes magazine's annual list of billionaires. Experts believe that Carlos Slim may be unwilling to assurance the debt of Net if he fails to get hold of the management of the corporation.

 

"Carlos Slim owns the majority of the company, but he doesn't have majority control", Ollom, market strategist, said in a telephone interview. "So it's hard to see him guaranteeing the debt unless he has control", he added.

 

Meanwhile, Net stated that Carlos Slim can only hold up the finances of Net once there is change in the law. Officials of Net have informally attributed the performance of the bonds of Net at its "strong operational results."