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.


Oscar A 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...
E. Thomas 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 2020.…

Next Big Thing: Galaxy Note II

So while the suits in Motorola are chewing bubble gum, checking for updates on their Facebook page, and holding meetings, Samsung is preparing to host a big event on October 24, 2012. The Samsung event will be about their upcoming Galaxy Note II phone. Samsung is going to do what Motorola cannot do, they are going to give their formally announced product a release date.

The Samsung Galaxy Note II will be another monstrous phone much like the original Galaxy Note. The original Galaxy Note has a 5.5 inch display, the Galaxy Note II has a 5.55 inch display. For reference, all iPhones (except the iPhone 5) have a 3.5 inch display and most Android phones have between 4 to 4.8 inch display. Bottom line, the Galaxy Note line of phones is gigantic. The tech blogs refer to these phones as "phablets". The offspring of a phone and a tablet.

Yesterday, while at Costco on an errand to pick up some garlic french bread, my wife wandered over to the jewelry section. At the speed of light…

3-D Printing is Here

Several months ago, my sole daily reader, co-worker, and friend- Matthew- showed me a small green plastic airplane. The green plastic airplane was no bigger than three inches from nose to rudder. He told me that the airplane was created from a 3-D printer. At first, I did not believe him. But then I used some logic, if humans have fission energy, made it to the moon, and created iPhones, then why not 3-D printers? Never doubt the ingenuity of humans. If we can imagine something, it will be a possibility one day.
After my internal monologue, which happened in less than three seconds, I must have responded to Matthew with a calm, "Cool". And indeed the 3-D airplane was cool. Some weeks passed by, then Matthew brings me a 3-D printed barrel, pictured above. I begin to ask more questions about this printer. Apparently, the printer is custom made. The limitations of this printer are a length and width of a few inches, the height being more flexible. This particular printer only …