New King of the World

Forbes just released their new list of the world's billionaires, and Bill Gates has been taken down a notch. The new richest man in the world is Mexico's Carlos Slim Helu, with an estimated net worth of $53.5 billion. He edged out Gates by a mere $500,000,000, but sometimes that's all it takes. Microsoft stock jumping 50% in 12 months still wasn't enough to hold off Helu.

Of the near-record 1,011 billionaires listed this year (2008 had 1,125), they maintained an average net worth of $3.5 billion, up a staggering 17% amid one of the world's worst recessions. Americans made up 40% of the list, down from 45% last year. And only 15 of the 97 new billionaires on the list are American. One of the notable American newbies was Isaac Perlmutter, who sold his stake in Marvel to Disney for $900 million cash and 20 million shares of Disney.

Larry Ellison may have fallen from #4 on the list to #6 with an estimated net worth of $28 billion, but he's no doubt the coolest member of the Top Ten because he whipped the shit out of Alinghi and brought the America's Cup home where it belongs last month.

22 Comments
 

[quote=Barcadia]Slim probably has more money that the bottom 80% of mexico combined

my favorite guy on the list is Roman Abromovich. true baller.

http://i.thisislondon.co.uk/i/pix/2008/05/61a_20_roman_1_54_415x275.jpg…]

Ambromavich is a bossman. He knows how to run shit.

-------------------------------------------------------- "I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom
 

It's kind of arresting how few on the list got there by traditional banking/trading. Sure, you've got some hedgies, but most are scrappier entreprenuers who went all in on something early on, like buying a business out of bankruptcy or investing in real estate while attending college. A reminder to me that "investing" comprises more than stockpicking, and wealth doesn't have an HR department.

 

^^^^

True, but Ambromovich is just filthy, stinking dirty rich and he's not afraid to show it through his lavish spending. But at the same time he did some great things in Russia during his governor stint. But i personally feel that he just kind of got it handed to him. Those built their empire from scratch, like Buffet (Shame that Berkshire got downgraded though), are far too humble to spend lavishly. He says he don't fly private jets, and keep in mind that Berkshire Hathaway owns Netjets. The man is just humble.

 
Peter_27^^^^

True, but Ambromovich is just filthy, stinking dirty rich and he's not afraid to show it through his lavish spending. But at the same time he did some great things in Russia during his governor stint. But i personally feel that he just kind of got it handed to him. Those built their empire from scratch, like Buffet (Shame that Berkshire got downgraded though), are far too humble to spend lavishly. He says he don't fly private jets, and keep in mind that Berkshire Hathaway owns Netjets. The man is just humble.

Crazy... id at least use the jets here and there.....

 
Peter_27^^^^

True, but Ambromovich is just filthy, stinking dirty rich and he's not afraid to show it through his lavish spending. But at the same time he did some great things in Russia during his governor stint. But i personally feel that he just kind of got it handed to him. Those built their empire from scratch, like Buffet (Shame that Berkshire got downgraded though), are far too humble to spend lavishly. He says he don't fly private jets, and keep in mind that Berkshire Hathaway owns Netjets. The man is just humble.

He does fly in a PJ thought, partially why he bought into NJ, he liked the service so much.

 

Abramovich just got his ass handed to him by a little old lady in the south of France. When he couldn't pull the trigger on the purchase of the world's most expensive home ($500 mil), he lost his deposit of $35 million or something, and now she's coming after him for a million dollar penalty. As if that weren't funny enough, she's donating all the money she gets from him to charity!

Take that, Boris.

 

Ambromavich is ballin. Insane car collection

Ferrari FXX, a US$2.2 million (€1.57 million) "racetrack-only" car, of which only 30 were built. He also owns a Bugatti Veyron (blue on black), Maserati MC12 Corsa, Ferrari 360, Porsche Carrera GT, Porsche 911 GT1 and a Mercedes-Benz CLK GTR.

 

I know of a guy worth WAYYYYYYYYYYYYYYYYYYYYYYYY less than Abfromavich who also has a CLK GTR, Carrera GT, Ferrari 360 and about 30 other cars. Only thing that tops his is the FXX, which he does not own.

Again, he is super ballin' but that car collection listed isnt anything THAT spectacular for someone with his $.. Then again, how much more spectacular can you get?? lol

 

Quia laudantium distinctio quisquam harum architecto itaque. Sapiente aut repudiandae et aliquam earum consequuntur eos. Cumque est ut illo aperiam. Porro enim quo accusantium porro non. Velit omnis voluptatem esse assumenda. Nam molestiae aut nemo dolor cumque mollitia. Tempora eos voluptatem quis distinctio. Aut ad minima in quam voluptatibus eos similique.

 

Et amet a nesciunt id dolorem. Non sit reiciendis ea et voluptates in reiciendis. Qui ratione saepe veritatis libero consequatur officia neque. Ea et blanditiis qui odio. Iure minima autem in consequuntur porro ratione.

Ut repudiandae sed sed sed eveniet veniam reiciendis est. Distinctio nobis a aliquid. Itaque voluptates exercitationem officia laudantium quasi odio corrupti dolor. Et placeat voluptas autem beatae voluptas vero aspernatur eaque.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”