Skip to main content

March 2011 Top 5: Richest People in the World

Every year Forbes magazine releases a list of the richest people in the world. For many years Microsoft founder, Bill Gates was #1 on the list, hence, I have always associated the list with technology.

For this month, we will breakdown the top five riches people and whether they or their companies contribute to technology . Here are the top five:


  1. Carlos Slim Helu, $73 billion.  Mr. Slim is a Mexican of Lebanese descent. He is the chairman of Telmex (THE phone company in Mexico). He also has holdings in other Mexican industries and the telephone industry in other Latin American countries. How can this man, in a country like Mexico, be the richest in the world? It speaks volumes about the gap between the rich and the poor Mexico, Latin American and the rest of the world. TelMex has been an impediment to the implementation of technology, even though TelMex is part of one of the industries (phones) which is going through the most innovation in the world. If you ever find yourself in Mexico trying to dial out of country, you are out of luck, Mr. Slim wants to make sure he nickels and dimes (and quarters) you.  
  2. Bill Gates, $56 billion. American. Co-chair of the Bill and Melinda Gates Foundation. The co-founder of Microsoft Inc., the company which did more than any other to help get the world acquainted with the "personal computer" during the 1990's. 
  3. Warren Buffet, $50 billion. American. CEO of Berkshire Hathaway. Berkshire Hathaway is conglomerate of insurance, energy, retail, and finance companies (i.e. GEICO, Fruit of the Loom). Very minimal impact on technology. This is a bread and butter conglomerate, stays out of the "blue chips".
  4. Bernard Arnault, $41 billion. French. Charmain of Louis Vuitton Moet Hennessy (LVMH). LVMH is a conglomerate of around 60 luxury companies (i.e. Louis Vuitton, Hennessy spirits, Bulgari watches, TAG Heuer). Interesting to note, Christian Dior owns 42% of LVMH. Anyways, this company is the definition of anti-technology. All luxury.
  5. Larry Ellison, $39.5. American. Oracle CEO. Oracle is a software company that focuses on databases. For the average person, Oracle technology is not interesting. However, you would care about their products, if you owned a business.

Comments

Unknown said…
I would not say that because a company is all luxury, they are anti technology. This is definitely not true in the automotive industry where luxury(mercedes benz, aston martin, etc.) brands are probably on the cutting edge of technology. I don't know much about watches but I'm willing to bet Tag Heuer is probably towards the top in terms of watch technology...
timeofthetech said…
@OscarA, I mostly agree with you, I was generalizing too much with LVMH. Cars are a perfect example of how luxury can be fused with technology. I guess a good way to break down if a company is technology driven, is by looking at their R&D department. There probably isn't a large percentage of resources devoted to R&D in the luxury perfume, hand bag, and even watch industries.

Popular posts from this blog

Outdated! Charter Cable Box UI

When I was living with my old roommates, we used Direct TV and Time Warner Cable to satisfy our TV cravings. While I hated, hate, and will always hate Direct TV for their barbaric two year contracts, I give them credit for having a neat looking user interface (UI). But because of their two year contract and lies, we cancelled. We paid about $400 dollars to get Direct TV's grubby paws out of our living room. At that point, it wasn't about the money, it was about principles. And so a happier relationship was started with Time Warner Cable. Though a lot of things were better with Time Warner Cable, I couldn't help but notice their cable boxes' UI was "fugly". Little did I know... Recently, I've moved away from the parents  old roommates. The new area I'm in is serviced by Charter Cable. I was shocked by the UI of the Charter cable boxes.  See picture below: The UI of the Charter cable box made Time Warner Cable's UI look like it was from the year

The Death of the Paper Receipt

Yesterday, I was surprised by the use of an "old" technology, the e-mail, used in a new way. This started when I accompanied my wife to Macy's so that she could get some Origins lotion. Why women have to shop is beyond me, why women have to buy expensive lotion is also beyond me. Men, just know that is how they are, you can only hope to contain their appetite to shop, good luck! It is funny how they always "need" something. Makes you wonder if women understand the meaning of the word "need"... Either way, I love my wife. Anyways, back to the expensive lotion. After doing some asking at the Origins section of Macy's, my wife has the lotion she wants, Ginger Souffle. We take the lotion to the counter to pay. After I hand the young lady helping us at the counter my credit card, she asks me if I want a paper receipt or an electronic receipt. I am confused. I have never been given this option before. I ponder, "Well a paper receipt is nice,

iPhone 4S Announced and Not iPhone 5

Today Apple announced their fifth iPhone, we have had, in order: June 2007, iPhone July 2008, iPhone 3G  June 2009, iPhone 3GS June 2010, iPhone 4 For this iPhone, we were all hoping for an iPhone 5, which is to mean, a redesigned phone. Instead we got an updated iPhone 4, we got the iPhone 4S.  What we did NOT get: A bigger screen, the iPhone 4S will be the usual 3.5". 4G! This is huge, can people wisely enter into a two year contract without 4G. 3G might be good enough now, but what will happen in a year with carriers shifting their resources to 4G LTE? When websites continue to demand more bandwidth? When our lives inch closer to the cloud? This launch reminds me of the first iPhone, the 3G technology was there, but Apple chose the safe route and went with 2G. When Apple released the iPhone 3G a year later, it rendered the first iPhone obsolete. Many mactards were "forced" to upgrade.   What we DID get: A dual core processor and bump in RAM