Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. The Oppenheimer family has a combined net worth of $8.2 billion, largely through the 2012 sale of their stake in De Beers for about $5 billion, according to the Bloomberg Billionaires Index . The mortgage crisis ruined Thornburg's balance sheetsand the country's. TEX Yinka Oladejo on Twitter: "RT @Nairametrics: This has placed him ahead This disgraced billionaire (allegations of pedophilia) lives in New York City and Florida, but still owns the most valuable residential property in Santa Fe, as figured by the Santa Fe County assessor: the $18 million Zorro Ranch, which shares a name with his company, Zorro Trust. She says it's fair to say that Thornburg bullied the city. 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. Ocean Munds-Dry EEE The 80-year-old former real estate developer and owner of Santa Fes Pinon Farm was buddies with former Pres. Richardson spokesman Gilbert Gallegos refused comment "on someone's impression of a private meeting [the governor] may have had." Andrew & Sydney Davis 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.". He even once collected unemployment, so perhaps he can relate to his former workers. Mr. Local-boy-made-good Ford used the profits from his fashion line (and from his days as a Gucci designer) to build a large mansion on a hometown hilltop. Thornburg funded Chavez' Council opponents in the 2004 and 2008 elections. "We don't know where the money's going, what the impact is or what the rate of return is." In the past two years, Thornburg lost a lot of moneybut he's probably still far beyond the $36 million net worth Crosswinds estimated in 1996. Their family invented Rice-A-Roni. He danced with Kimura is a pianist internationally active in both classical and popular styles. Thornburg bought in bulk home loans made by other companies to the most creditworthy borrowers, and sold those loans as securities. Get this delivered to your inbox, and more info about about our products and services. He is a man who made his time. Sonny Otero Net Worth in 2023. BGK donated $50,000 to Richardsons 2002 run for governor. Evidently, he thought his companies, already worth millions, should pay even less. "The incentive program for the senior officers was based directly on the amount of money returned to shareholders." TEX Our list tracks the wealth of African billionaires who reside in Africa or have their primary business there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. Here's Who Inherited Katharine Hepburn's Money After She Died "I was probably the first Harvard MBA to be on unemployment," Thornburg told New Mexico Business Weekly in 2006. Gilbert is 86. Catherine Oppenheimer Net Worth According to Heldmeyer, city officials feared for the health of the mortgage company even before the deal was struckand kept those fears private. 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. The author has had good luck with Hollywood adaptations and Oprah recommendations; his $1.1 million home is off Bishops Lodge Road. He was building this famousin his estimationbuilding. Louisa Stude Sarofim Does the city have recourse? "New Mexico is very perfect for me," Jirby says. "There is no conflict of interest. In 2007, Santa Fe City Council minutes record Stertzers donation of mobile trailers to the city police department. Experience: With 37 years of accounting and consulting experience (30 in the employee benefits field), Carol has significant expertise in compensation planning, leadership development and succession planning, employee benefits, and retirement plans. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an e-commerce investor and cable TV powerhouse. The disadvantage is that REITs must pay out 90 percent of profits to shareholders. 4 last year is luxury goods magnate Johann Rupert of South Africa. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Shaw Bowman* in Psychology and an Born and raised in Havana, Cuba, in 1996 she was accepted into the Cuban National Ballet School, Jocelyn Montoya has broad experience in the performing arts. "If something was your own idea, it was very difficult to move it forwardI think Garrett probably had a push within himself to do things on his own." EEE Net Worth (GBP) Change Net Worth (ZAR) 23: Nicky Oppenheimer and Family: Diamonds and Mining: 5.537 billion +3 million: R92.35 billion: 31: Nathan Kirsh: Cash and carry, Property, Investment . He is an experienced entrepreneur with a demonstrated history of working in the oil and energy industry and service industry, with emphasis Peggy Hubbard, a retired fundraising professional, is actively serving on the Santa Fe Development Committee at NDI New Mexico and has served as the Chair over the past year. Knutson and wife Miryam own a $6 million home on Circle Drive. His career began as an education policy analyst. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. He just happened to be in the right place at the right time." Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. The 25 wealthiest South Floridians | Miami Herald The bankruptcy also raises questions. He has 42 years of experience in the public finance field focusing exclusively on municipal debt issuance and public finance. The Microsoft co-founder owns the $12.8 million Sol y Sombra house, formerly a Georgia OKeeffe estate. Lawrence J Burke He is considered one of New Mexicos most committed and humble public servants. Two years ago, he was the chairman of a New York Stock Exchange-listed company. According to the suit, "the constant fear of bankruptcy" drove executives into "a deliberate pattern of concealment and selective disclosure." In 2006, he and wife Margarita sued their high-end decorators after getting billed for items theyd rejected. He backed several people's Council races. The bills died.) James Ortiz* Fuad Maqary on Twitter: "RT @sir_yb: Abdul Samad Rabiu, the second What Thornburg needs now, Chicaferro says, is time. Thornburg did, in 1990, to Juliana Feldman. He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. TEX While delighting investors, Thornburg angered neighbors. The case where Meaghan Oppenheimer possesses more net worth than her global icon husband, Tom seems highly unlikely. That's unlikely, with Thornburg Mortgage now bankrupt. Whoever pushed, Thornburg and Jirby left for Santa Fe, where they had summered. Donate today to Friends of the Reporter. That means they demanded extra money to ensure they didn't lose on Thornburg's bets. The companies pledged to "create 100-200 new permanent jobs." Alexis Girard The [Albuquerque] Journal asked a few questions. And he can borrow money at 2. The doors throughout the dwelling are equipped with hardware as hefty and as elaborately detailed as that on medieval town gates. Neighbors had thought the land would stay vacant, and feared development would make Tano Road a death trap. TEX Home base unknown Many other companies that borrowed heavily are now defunct. Amanda Marquez*, Aleem Hasham, Co-Chair Heres this guy, a Harvard Business School alumni: Why in the hell did he come to Santa Fe, New Mexico to start up an investment and real estate company? Nicky Oppenheimer net worth. Instead of just buying loans, the company would make them, too. American theoretical physicist J. Robert Oppenheimer (April 22, 1904 - February 18, 1967) had a $2 million estimated net worth. "I get on my knees and bow to her every other day," Chicaferro, who now "lounges" in Scottsdale, Ariz., says. "Thornburg is often referred to as one of the good guys that's having trouble. A University of New Mexico graduate, Kai began dancing at an early age in Santa Fe, New Mexico at Dance for Joy, Charisma and NDI New Kimberly White was born and raised in Albuquerque, New Mexico. Thornburg left Lakefield for a military prep school and went on to Williams College in Massachusetts. Unlike many fellow magnates, Thornburg has felt the economy's harsher side. Many names on this list are global players whose business decisions can change the course of nations. Nedra Matteucci 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. Joelle Mevi I also think he was establishing his company here; to pull up and leave after that would have been very difficult," she says. Deborah Fritz* Linda Love It was an odd move for a power player. Prospective buyers beware. All Rights Reserved. Africas billionaires are richer than they have been in years. Originally Kristin Macdonald is an art director with over twenty years of experience. "What makes it Thornburgesque is its way of doing business, which is both unusual and elegant," Glassman wrote. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. Nassef Sawiris is an investor and a scion of Egypts wealthiest family.His most valuable asset is a nearly 6% stake in sportswear maker Adidas. The Full List Of Every American Billionaire 2016 - Forbes He was pumping out good cash dividends to the owners of Thornburg Mortgage, Inc. "It wasn't all that hard. But last year, after Millers bad bets led to a collapse in Legg Masons value, both The New York Times and The Wall Street Journal ran columns reassessing his legendary status. Among other things, the Waxmans complained that the [outdoor furniture] fabric and fringe delivered were never approved [and] the fabric color did not match the pillows, and there were color samples of the [family room] rug that did not match the family room sofa. When they sued, the Waxmans had already forked over $506,000 in advance payments to the decorators; thats 12 times their annual property tax bill. She started playing classical piano at age six via Sid has been in Albuquerque for over 30 years working as a keyboardist, vocalist, audio engineer, Born into a musical family, Albuquerque native Steve Figueroa began playing the drums at age 9. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. I have never worked for a finer man or a finer company, David Miller, spokesman for Thornburg Investment Management, which remains in business, says. $$$ He denies any wrongdoing. Texas billionaire Richard Rainwater, who lost $70 million in two months on Thornburg Mortgage stock, first learned of the company when he saw Goldstone on television. You can also email specific staff members from our contact page. It hurts to have 130 people lose well-paying, financial-sector jobs. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. (The ranch was originally assessed at $33.3 million, but Epsteins lawyers sued the county in 2001 and successfully shaved $84,000 a year from his property tax bill.) (The stock actually peaked at $32 about a year ago; its now 1 cent.) He expected to becomeand he dida big fish in a small pond. "We were targeted," Santa Fe Councilor Miguel Chavez, who voted against financing the Thornburg campus in 2007, says. 2 spot up from No. $$$ Jeffrey E Epstein We believe [the suit] has no merit," Thornburg Investment Management spokesman Miller says. Donate today to Friends of the Reporter. Ron Chicaferro, who moved from California to join Thornburg, recalls. Documents show Thornburg paid $11,000 in state and local income taxes in 1985. But several professional fundraisers told us our method was more exhaustive, if less personal, than their own means of sniffing out deep pockets. That was always the mantra from day one until the day I left," Chicaferro says. Tom Ford It belonged to Thornburg's first wife, a Swedish artist, who lived there with the couple's son, then 6. Where's the Money? | | Santa Fe Reporter Nevertheless, his dining spots are among Santa Fes most popular, including Blue Corn Caf, La Casa Sena and Rio Chama. Garrett Thornburg was born in January, 1946. Two Dobermans and a rottweiler jog out to encircle visitors. The property doesnt appear to be in his name; neither is BGKs 2006 sport aircraft. "And basically, the only ones that really survived this were if you were a bank and had access to the federal funding." His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. An REIT, unlike a regular company, is exempt from corporate income taxes. SA's richest men in 2020: Rupert fortune grows, as Oppenheimer's shrinks She never remarried. He is a financial backer of Faena District, a multi-block, multi-use real estate project under way in Miami Beach, led by Argentine developer Alan Faena, who in 2012 started amassing hotel. Jirby is not surprised Thornburg stayed in New Mexico. Thornburg didn't leave. This week's cover story made use of numerous public documents and SFR writer Corey Pein created numerous . Truth is, any time you see a richest list, whether its in Forbes or Fortune or the defunct Crosswinds weeklywhich published a New Mexicos-richest list in 1996the methodology behind it is at best educated guesswork. (When they divorced six years later, Juliana got a $600,000 settlement, the Lexus, a fur coat and the shar-pei.) Theres a point, here. Naguib Sawiris is a scion of Egypts wealthiest family. Kelly Famiglietta* An active Democrat, Reaud gave $25,000 to Richardsons 2002 gubernatorial campaign. In 2007, Casey became a managing partner at AIG Global Real Estate, a subsidiary of the finance and insurance giant. "Any way they could find to put a favorable slant on this, they did. Ken DeBettignies* City Housing and Community Development Division Director Kathy McCormick agrees. Peter Frank Thornburg often said that 97 percent of his business was out of state. To value privately-held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. Everybody's happy on the way up because everybody seems to be making more money." NDI New Mexicos programs help children develop executive function skills that are critical to succeed in school and the workforce: To learn more or to join the Corporate Council, please contact Myers Godwin, Albuquerque Development Director at (505) 340-0213 or mgodwin@ndi-nm.org. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He and his son retained a 96% stake in the company. Whether on the piano, in the studio, on the stage, or on the dance floor, Michael creates Todd has worked for NDI New Mexico since 1999 and has been the Albuquerque Music Director from Dr. Jessie Wenchieh Lo is a performing artist, recording artist, music educator, and music Matthew is an accomplished musician who has been in the New Mexico music scene for the past 6 Alyx Allie is a graduate of New Mexico State Universitys Dance Program under the direction of Pamela has been a dancer, choreographer, educator, and health care provider for most of her life. Shane, a native New Mexican, has been dancing for 22 years and teaching for 15 years. J. Robert Oppenheimer, known as the "father of the atomic bomb," battled with the invention he helped to develop for the remainder of his life. John Berndt Thornburg Mortgage was founded in 1993 with tax advantages in mind. For over 45 years, his impact has been profound Jamai is Founder and CEO Emeritus of Innovate+Educate, a non-profit she started in 2008 with a vision for an industry-led board focused on education and workforce strategies to address the significant gaps between supply/demand in both education and workforce. "We like to keep our name out of the press," Investor Relations Director Mike McMahon says. Thompson Jr.Garrett Thornburg. Hamilton, 67, was for decades a senior executive at one of the worlds biggest corporations, Procter & Gamble; in 2005, he joined the board of Dominos Pizza. She lives at Forked Lightning Ranch in San Miguel County. She began her early dance training Ms. Lina Ramos a native New Mexican is an arts educator, director, conductor, opera singer and After her professional career with the San Francisco Ballet, Lori taught for many years in Los Melissa is a graduate of New York University/Tisch School of the Arts (MFA in dance) and Smith Rachel Zervakos earned her B.F.A. In theory, the deal is a wash for the city. 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. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. His leadership of global warehouse giant ProLogis suggests a 21st century free marketeer, but hes got a bookish side, as a former St. Johns College board chair and director of Farrar, Straus and Giroux publishing. Sandy Seligman, Leslie Nathanson-Juris, Chair The governor said Thornburg was a good friend of his, that Thornburg was a good civic leader, that the financial businesses that Thornburg had created in Santa Fe created high-paid jobs. Meaghan Oppenheimer Bio, Age, Ethnicity, Net Worth, Married In 1982, in a small office on Galisteo Street, Thornburg founded Thornburg Investment Management. Bill Richardson appointed Feinberg to the State Investment Council this year. Next to that nonprofit fortune, Lannans $729,000 home on Camino Militar looks relatively modest. Kelcy Flanagan Oppenheimer Asset Management works with a variety of client types. A few years later, it endured a wave of prepayments by borrowers. Also on that list was her ex, Egyptian-born super-investor Fayez Sarofim (aka The Sphinx), who gave her $250 million in a 1989 divorce settlement that Forbes called the largest in Texas history. Born in South Africa, Nicky Oppenheimer . In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights. Who Is Meaghan Oppenheimer, New Wife Of 'Lucifer' Star Tom Ellis? At Bear Stearns, Thornburg told interviewers, he developed expertise in using public "industrial revenue bonds" to benefit private developers. EEE Brian had been with American Greetings for over 25 years, the last Joelle Mevi is a retired government finance officer with over 20 years of experience in accounting, finance, and public funds investing. Jamai Blivin His massive worth comes from his successful career as a real estate broker and attorney. 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 process took years and involved thousands of Americans who couldn't afford their home loan payments. He owns at least 720 square miles of conservation land across South Africa, Botswana, Zimbabwe,. Charities honored him as a "treasured citizen." That year, investors including Goldman Sachs paid $3.4 billion for the company Knutson had led since 1969. By 2004, the adopted Santa Fean was lionized as an odd Western wizard. "We are lucky to be here today," Thornburg told investors later. The Cast Of Selling Sunset, Ranked By Net Worth - TheThings WE DIDNT FORGET: Some usual suspects At that rate, one student in every Santa Fe classroom has a parent who has lost a job. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. Their $906,000 home on Thunderbird Corto is a short drive from the campus, soon to be emptier. "The only real estate investment trust that didn't use leverage was Redwood Trust, in California." NICKY OPPENHEIMER & FAMILY. 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She graduated from Vassar with a BA in psychology and moved to Washington, DC to begin her career on Capitol Hill. Former Councilor Karen Heldmeyer, the other "no" vote, says she grew frustrated by "backroom deals" and decided not to seek re-election. Mail letters to PO Box 4910 Santa Fe, NM 87502 or email them to editor[at]sfreporter.com. $$ish Some list members grow richer or poorer within weeks or days of our measurement date. 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. The 18 billionaires from Africa hail from seven different countries. He and wife Nancy are major donors to the Lensic; they have a $2.6 million home on Calle De Agua. "And so we smiled and said, 'That's wonderful, but we haven't changed our minds.'" Bill & Nancy Zeckendorf As a group, the continents 18 billionaires are worth an estimated $84.9 billion a 15% increase from 12 months ago and the largest tally since at least 2015. A Stanford University professor and acclaimed heart surgeon with at least one patent to his name, Stertzer owns a $6.1 million home in Tesuque; a Cessna aircraft also is registered at his address. Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. Now, she's focused on "pulling together the community." It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. Cohan explains how Thornburg Mortgage funded its operations "most often by obtaining short-term, often overnight, borrowings" backed by the mortgages it held. The strategy saved tons on storefronts and salespeople. Last month, Richardson named Thornburg to a commission to save the bankrupt College of Santa Fe. EEE Ultimately, Jirby would keep sale proceeds from the home, the art and physical custody of their son. . How tall are the Oppenheim twins and what is their net worth? Mark Zuckerberg. Over the three months leading up to March 2008, "Thornburg received margin calls totaling $1.777 billion" and came up $610 million short, Cohan writes"a dismal performance." EEE (According to Thornburg spokesman Miller, "No one in the family desires to continue in the farming business.") "I was an entrepreneur since I was about 5 years old," he told The Santa Fe New Mexican in 2000. The Great Recession has thrown at least 3,300 Santa Feans out of work since last August. Reaud owns the only Gulfstream IV, a 19-passenger business jet that costs roughly $20 million, registered in Santa Fe County. His lawyers claimed Thornburg Management only truly owed $646, while Thornburg Securities owed zero dollars. Catherine Oppenheimer co-founded the National Dance Institute of New Mexico in 1994 (NDI-NM) and the New Mexico School for the Arts (NMSA) in 2010. . He went to Jamaica, where, with US government financing, he developed a 311-unit housing project. She received her Sage is a life-long learner and lover of music. (Forbes discounts the values of stakes when the public float is less than 5%.). We think its important for people whom Santa Fes been good to, who may be from somewhere else, to understand our community. 30 Apr 2023 21:08:34 Michael L Klein We then used the public database site, Socrata, to create five searchable online databases of this information. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. Meanwhile, Thornburg's political allies pushed the project forward. 'Queen America' Creator Meaghan Oppenheimer Wants You To - Decider Trish Farr* The country music star and his wife Elizabeth own the third most-valuable home in Santa Fe, assessed at $12.3 million. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. His mansion on Tano Norte is worth $1.6 million. 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. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Santa Fe Community Foundation President Billie Blair says her organization confronts, on a daily basis, the disparity of people who wonder where there next meal is coming from and people of high net worth. For years, Blair used to take wealthy donors to field trips on the Southside, to elementary day camps, low-income housing developments and taquerias. Nicky Oppenheimer Net Worth Not to be confused with the other Bill Miller (see William A Miller). The issue was relatively pedestrian: traffic. $$ish MacArthur donated $7,900 and $10,000 to Richardsons two gubernatorial runs. He credits advice from his financial planner. Patrick Lannan In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights. The wealthy have felt the contraction, too: Yesterdays billionaires are todayshundred millionaires. The Forbes Billionaires List: Africa's Richest People 2022 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. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies.
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