Some list members grow richer or poorer within weeks or days of our measurement date. Washington Post financial columnist James K Glassman began a column with a friend's advice to "Find Garrett ThornburgThis guy has the best financial mind in America." Sonny Otero Net worth: $13.9 billionRank in 2021: 1Net worth in 2021: $12.1 billionSelf-madeOrigin of wealth: Cement, sugarIndustry: ManufacturingAge: 64Country: NigeriaResidence: Lagos, Net worth: $11 billionRank in 2021: 4Net worth in 2021: $7.2 billionOrigin of wealth: Luxury goodsIndustry: Fashion and RetailAge: 71Country: South AfricaResidence: Cape Town, Net worth: $8.7 billionRank in 2021: 3Net worth in 2021: $8 billionOrigin of wealth: DiamondsIndustry: Metals and miningAge: 76Country: South AfricaResidence: Johannesburg, Net worth: $8.6 billionRank in 2021: 2Net worth in 2021: $8.5 billionOrigin of wealth: Construction and InvestmentsIndustry: Construction and engineeringAge: 61Country: EgyptResidence: Cairo, Net worth: $7 billionRank in 2021: 6Net worth in 2021: $5.5 billionOrigin of wealth: Cement,sugarIndustry: DiversifiedAge: 61Country: NigeriaResidence: Lagos, Net worth: $6.7 billionRank in 2021: 5Net worth in 2021: $6.3 billionSelf-madeOrigin of wealth: Telecom, oilIndustry: DiversifiedAge: 68Country: NigeriaResidence: Lagos, Net worth: $5.1 billionRank in 2021: 7Net worth in 2021: $4.8 billionSelf-madeOrigin of wealth: FoodIndustry: Food and BeverageAge: 78Country: AlgeriaResidence: Algiers, Net worth: $3.4 billionRank in 2021: 8Net worth in 2021: $3.2 billionOrigin of wealth: TelecomIndustry: TelecomAge: 67Country: EgyptResidence: Cairo, Net worth:$3.1 billionRank in 2021: 9Net worth in 2021: $3 billionSelf-madeOrigin of wealth: MiningIndustry: Metals and miningAge: 59Country: South AfricaResidence: Johannesburg, Net worth: $2.7 billionRank in 2021: 10Net worth in 2021: $2.8 billionSelf-madeOrigin of wealth: Media, investmentsIndustry: Media and entertainmentAge: 69Country: South AfricaResidence: Cape Town, Net worth: $2.7 billionRank in 2020: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: TelecomIndustry: TelecomAge: 60Country: ZimbabweResidence: London, Net worth: $2.5 billionRank in 2021: 11Net worth in 2021: $2.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 74Country: EgyptResidence: Cairo, Net worth: $2.2 billionRank in 2021: 12Net worth in 2021: $2 billionOrigin of wealth: Petroleum, diversifiedAge: 61Country: MoroccoResidence: Casablanca, Net worth:$1.7 billionRank in 2021: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: BankingIndustry: Finance and investmentsAge: 72Country: South AfricaResidence: Stellenbosch, Net worth: $1.5 billionRank in 2021: 15Net worth in 2021: $1.3 billionOrigin of wealth: Banking, insuranceIndustry: Finance and investmentsAge: 89Country: MoroccoResidence: Casablanca, Net worth: $1.5 billionRank in 2021: 13Net worth in 2021: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 46Country: TanzaniaResidence: Dar es Salaam, Net worth: $1.5 billionRank in 2021: 14Net worth in 2021: $1.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 76Country: EgyptResidence: Cairo, Net worth: $1.1 billionRank in 2021: 18Net worth in 2021: $1.1 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 60Country: EgyptResidence: Cairo. Louise Campbell-Tolber* Evidently, he thought his companies, already worth millions, should pay even less. Do I need a passport?'" Today Albin, 50, is a director of several energy companies, including NGP Capital Resources, and has a $2 million home in Las Campanas with his wife, Pamela. But it is worth studying because Harold Garrett Thornburg Jr. is more than a man of his time. South African Nicky Oppenheimer, who formerly ran diamond mining firm DeBeers before selling it to mining firm Anglo American a decade ago, ranks No. The company is structured as a Real Estate Investment Trust. He went to Jamaica, where, with US government financing, he developed a 311-unit housing project. Supposedly, it would attract new businesses. The . Letters will be edited for space and clarity. "He wasn't a genius because Bernanke set the short-term interest rate at Thornburg's benefit. Casey, 43, came to our attention because he owns and pilots a small plane thats registered in Santa Fe. Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. Bill Lang* Girard is president of her family business, Greer Enterprises, the real estate company developing a condo/retail project at the Lensic. Paul Cassidy This limits reinvestment in the companyat least without borrowing. "Garrett is the smartest man I've ever met. That was an overstatement, at best. At the local level, they fund arts and civic organizationslike the Lensic Performing Arts Center and SITE Santa Fethat make Santa Fe a better place to live, and an arts and culture scene with cachet around the world. NDI New Mexico outperforms most other charities in America. - Charity Navigator, 2019, Family Friendly Business of New Mexico, 2018, 2019, Samaritan Counseling Ethics in Business Award, 2016, Albuquerque Business First Top CEO Award, 2015. Tracking the performance of complex, constantly changing private investment portfolios, combined with the fluctuating value of land and property, is another. The biggest gainer in percentage terms up 125% is Strive Masiyiwa of Zimbabwe, worth $2.7 billion (up from $1.2 billion last year). "Any way they could find to put a favorable slant on this, they did. Charities honored him as a "treasured citizen." The first time Garrett Thornburg was hurt by the foreclosure of someone else's home, it was 1986. In 1996, Crosswinds pegged Peters for a $25 million man; intervening years saw a real estate boom followed by an ongoing bust. "Thornburg Mortgage wasn't the only company out there that was leveraged," Chicaferro says. New York Magazine called it a rugged adobe pleasure dome in a 2006 story about the controversy the home caused; many locals use harsher words. The late William Zeckendorf Sr. was a big real estate developer in New York City. Maybe as smart as Yale economist Robert Schiller, who predicted such a crash in 2005. But several professional fundraisers told us our method was more exhaustive, if less personal, than their own means of sniffing out deep pockets. The company jet, part owned by Thornburg personally, is not up for sale. An REIT, unlike a regular company, is exempt from corporate income taxes. Donate today to Friends of the Reporter. Back in 1985, he sued a local contractor over the 14,000-square-foot indoor horse-riding arena hed built on his property; the contractors estimate was $321,000, but it ended up costing twice as much. He was the third generation of his family to run DeBeers, and took the company private in 2001. Not counting slavery, this is a time of unprecedented wealth inequality. His career began as an education policy analyst. However, The Guardian notes that Hepburn had been sick for some time and was suffering from Parkinson's disease prior to her death. Jirby claimed her husband "enjoyed a lavish lifestyle." He provides jobs in town. In the accepted version of events, Thornburg was a victim. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. So SFR doesnt present this list as anything but our best effort to figure out whos got the money in Santa Fe. She joined The Oppenheim Group in February 2015, according to her LinkedIn profile and she works with high net worth clients there . $ Former Councilor Karen Heldmeyer, the other "no" vote, says she grew frustrated by "backroom deals" and decided not to seek re-election. Mr. And that he wanted that buildinghe being the governorto be a monument of the potential of Santa Fe to be a financial center," Collins says. She is also a member of the Del Archuleta is a native New Mexican and has devoted his life to giving back to the community and improving the lives of New Mexicans. SFR, Online Only: Read SFR's extended interview with Eric Janzen in which the Author of The Post Catastrophe Economy discusses his thoughts on capitalism's boom-bust cycle and the rise and fall of what he calls the "FIRE economy.". EIN number 85-0431846. In their bond application, Thornburg's team noted that he donates $35,000 a year to Partners In Education Foundation, a nonprofit, and more than $100,000 a year to Santa Fe Public Schools. "The real issue is, what are you trying to achieve?" Another lawsuit pins Garrett Thornburg's 2006 compensation (from Thornburg Mortgage alone) at $883,000. In 2019 . It will be one of the tallest buildings in Africa. Supporting NDI New Mexico in our community benefits us all!, Joining our Corporate CouncilSponsoring Our GalaPromoting Giving in Their Business. "That deal was done to avoid taxes," Lewis Pollack, another Concerned Citizen, says. He was building this famousin his estimationbuilding. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. Under the terms, the city owns the campus property and leases it to Thornburg. Devin Lujan* Curious? E/C Prospective buyers beware. The company sold "super-prime" "jumbo" mortgagesbig houses for rich peoplewhich few New Mexicans could afford. The house was off Old Pecos Trail, at 512 Camino Lejo. $$$ During her development career, she worked at the University of Rochester and the United Way Leean Kravitz joined Fidelity Investments in August of 2008 and currently serves as Vice President of Public Affairs & Government Relations, overseeing teams in New Mexico, Utah and Colorado. The post-war economy replaced family farms with shopping malls; Thornburg's generation would bury manufacturing under paperfinance, insurance and real estate. (It helps to have favorable tax laws. The New Mexican said residents "should be glad the company didn't grow weary of NIMBYism and forsake Santa Fe for Santa Barbara or some other la-di-dah address," in an editorial against Concerned Citizens. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. Peggy Hubbard OTHER Home base unknown The core values of NDI New Mexico are well matched for the core values of our firm. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. In public schools throughout the state, our expert instructors lead programs that are character-building and use dance to teach an important life lesson: that working hard, doing your best, never giving up, and living a healthy life equals success. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. And he can borrow money at 2. He would also keep his father's gun collection and his interest in Thornburg Sheep Co. back in Minnesota. NDI-NM is a statewide arts education organization in New Mexico that has introduced thousands of New Mexicos children A resident of New York City, Mrs. Diker is a dancer, mother, philanthropist, author and a graduate of Smith College. Bill & Nancy Zeckendorf Cyril Ramaphosa. William H Miller III She also talks about landing Catherine Zeta Jones, the show's upcoming storylines, and the prospects of a second season on Facebook Watch. E/C She never remarried. 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Subsequent to the economic crash, AIG has received a total of $182.5 billion in federal aid, according to the Government Accountability Office. Former Santa Fe Opera board of directors member Dubin founded the investment firm Dubin Clark & Company, based in tony Greenwich, Conn. Chicaferro retired in 2006, selling his stock before the crash. And how did it come to this? Nicky Oppenheimer is a South African billionaire businessman and philanthropist @Nairametrics. Diana T MacArthur EEE "We don't know where the money's going, what the impact is or what the rate of return is." Katherine Oppenheimer - Wikipedia It was divisive. $$ish Paul Peppard Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. $$ish There are two Paul De Domenicos in Santa Fe; the son is 47, the father 75. He owns 7% of diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg. Before spring break, flight records show it flew to Provo in the Caribbean, several islands east of where his parents married. We think its important for people whom Santa Fes been good to, who may be from somewhere else, to understand our community. "I was probably the first Harvard MBA to be on unemployment," Thornburg told New Mexico Business Weekly in 2006. Many other companies that borrowed heavily are now defunct. She graduated from Vassar with a BA in psychology and moved to Washington, DC to begin her career on Capitol Hill. He is a retired telecommunications executive, having spent most of his career with AT&T and shorter Julie lives in Albuquerque, where she grew up and manages 3 family investment and real estate companies. The continents billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. Of its tens of thousands of clients, most are individuals without a high net worth. Although she claimed that her father was a prince and that her mother was related to Queen Victoria, this was untrue. We have estimated Katherine Oppenheimer's net worth , money, salary, income, and assets. Catherine Oppenheimer 2 spot up from No. 4 last year is luxury goods magnate Johann Rupert of South Africa. In 1982, in a small office on Galisteo Street, Thornburg founded Thornburg Investment Management. Jeffrey E Epstein "People were getting really pissed off," Collins says. Letters will be edited for space and clarity. Thornburg got a better deal than any ordinary homebuyer would be able to negotiate. Diane Doniger Previously, she was Associate General Counsel with Concho Resources and before that, in private practice where she represented clients Leslie Nathanson is President of Nathanson/Juris Consulting in Santa Fe, NM and was a founding managing director of the Roberts, Nathanson & Wolfson Consulting Group in Chicago (now RNW Consulting). Albin also owns a 2006 Cessna Citation business jet. Jason and Brett are often seen with their realtors towering over them, resulting in many fans wondering how tall the twins are. Laurie Overton*, Laura Brunik, Chair* Affecting their life outcomes will change the picture of New Mexicos future and is the key to a thriving economy. BGK donated $50,000 to Richardsons 2002 run for governor. EEE $$ish $$ Albert S Waxman Brian McGrath Was all that deserved? During their separation, Thornburg paid Jirby $2,500 a month to care for herself and their son. He grew up in tiny Lakefield, Minn., where his father was a livestock broker; a 1949 edition of the Lakefield Standard records Thornburg Sheep Co. purchasing a prize lamb for $1.10 a pound. Heather is worth $3 million, according to CelebrityNetWorth.com. An open house was advertised in February for that "unique Frank Lloyd Wright style-house [sic] located on a great private setting." Nigerian cement tycoon Abdulsamad Rabiu is $1.5 billion richer after taking yet another of his companies public, following the listing of BUA Cement in January 2020. Chauna King*, Carol Cochran, ChairDiane Fisher*Peter Frank*, Joelle Mevi, ChairDavid FosterBrian McGrathKatie ThompsonJohn Burnham*Susan Dubin*Lon Erickson*Julia Sze*, Ocean Munds-Dry, ChairPaul CassidyDiane DonigerDavid VogelJulie Bowdich, Kate Moss, ChairJohn BerndtJamai BlivinDavid FosterJesse MartinezDavid VogelElena Tercero*Helen Wertheim*, Peggy Hubbard, Chair in Dance Summa Cum Laude at The Boston Conservatory at Berklee, Savanna teaches dance fitness classes all around Santa Fe, participated in NDI programs in her Born in Campinas, Brazil, Simone di Pietro began dancing at age of 10. Letters (no more than 200 words) should refer to specic articles in the Reporter. Originally from Southern California, but happily relocated to Santa Fe from Dallas, Mary was a Jody DeCoursin-Good joined NDI New Mexico as the Director of Human Resources. Robin Martin Thornburg often said that 97 percent of his business was out of state. EEE = More local than not Peters is a very rich man, an employee of his property company, Southwest Asset Management, allegedly told a Plaza Mercado tenant who complained about mold, according to a 2008 lawsuit. The other part is he wasn't content with making money at that spread, and he leveraged. However, the firm also works with high-net-worth individuals, pension and profit-sharing plans, charitable organizations, state and municipal governments and businesses. The process took years and involved thousands of Americans who couldn't afford their home loan payments. Help keep local journalism fighting for you. The mortgage crisis ruined Thornburg's balance sheetsand the country's. Lawrence J Burke He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. Jess Sanchez, Co-Chair* Therefore, we should give him what he wants.'" $1 Million - $5 Million. Last summer, Thornburg traveled to Washington, DC and met with Federal Reserve Chairman Ben Bernanke, Treasury Department officials and staff for US Sens.
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