Mark Zuckerberg, Facebook founder (shown above) stands to earn $1.15 billion from shares that he is selling in the company’s IPO. That is if the the share price hits the top end of its revised $34 to $38-per-share range.

James Breyer and Accel Partners, where he’s a partner.
Year invested in Facebook in 2005.
Number of shares being offered: 38.2 million.
Value at $38 per share: $1.45 billion

Peter Thiel, managing partner at The Founders Fund and PayPal co-founder.
Year invested in Facebook in 2004.
Number of shares being offered: 7.7 million.
Value at $38 per share: $294 million

DST Global Ltd. and affiliates, a London-based, Russian-founded investment firm focused on Internet companies and founded by Yuri Milner.
Year invested in Facebook in 2009 and late 2010.
Number of shares being offered: 26.3 million.
Value at $38 per share: $998 million

Goldman Sachs and affiliates, investment bank and one of the IPO’s underwriters Year invested in Facebook in 2011.
Number of shares being offered: 13.2 million.
Value at $38 per share: $501 million

Elevation Partners, private equity firm focused on media and technology and affiliates including co-founder Roger McNamee.
Number of shares being offered: 4.6 million.
Value at $38 per share: $176 million

Reid Hoffman, co-founder of LinkedIn Corp. and affiliates.
Year invested in Facebook: 2004.
Number of shares being offered: 942,784.
Value at $38 per share: $36 million

Mark Pincus, Zynga Inc. CEO.
Year invested in Facebook: 2004.
Number of shares being offered: 1 million.
Value at $38 per share: $38 million

Meritech Capital Partners, venture capital firm focused on late-stage investments Number of shares being offered: 7 million.
Value at $38 per share: $266 million

Greylock Partners, Silicon Valley venture capital firm and affiliates.
Year invested in Facebook: 2006.
Number of shares being offered: 7 million.
Value at $38 per share: $266 million

Microsoft Corp.
Year invested in Facebook: 2007.
Number of shares being offered: 6.6 million.
Value at $38 per share: $249 million

Mail.ru Group Ltd., Russian Internet company.
Year invested in Facebook: 2009
Number of shares being offered: 11.3 million.
Value at $38 per share: $428 million

Others: smaller stockholders are offering another 70,504 shares.
Value at $38 per share: $2.7 million

……………

Facebook’s pending IPO will create 970 millionaires including 165 super rich Ultra High Net Worth Individuals, according to new research by the wealth intelligence service WealthInsight.

In depth analysis reveals that the Facebook Elite UHNWIs (those worth more than $30m) will each have an average wealth of over $225m. Though the prospect of immediate and huge spending sprees is unlikely due to restrictions on the exercise of stock options and other shares.

WealthInsight has created a unique proprietary database of 160 Facebook employees, investors and other beneficiaries packed with data and biographical detail.

According to WealthInsight analyst Andrew Amoils: “This floatation will create an unprecedented number of new super rich people. And despite the success of the film The Social Network and the company’s media profile, no-one knows much about the Facebook Elite beyond the senior management leaders. That’s why we have pulled out all the stops to research these individuals”.

The research is based on the valuation being placed on the floatation of Facebook which values the company at a multiple of 79-99 times earnings, compared with 13.7 and 18.6 for Apple and Google, respectively.

Source: Spears Wealth Management Survey / The Vancover Sun

Exxon Mobil has bumped Wal-Mart from first place among the Fortune 500 top revenue-generating U.S. companies thanks to rising oil prices.

Fortune Magazine released its annual list on May 7.

Oil producers saw some of the biggest revenue increases as a rebellion in Libya and high demand worldwide pushed oil prices higher. The price of benchmark West Texas Intermediate crude oil soared 19 percent. Brent crude, which helps set the price of foreign oil varieties, surged 38 percent between 2010 and 2011.

Revenue rose for Exxon Mobil, based in Irving, Texas, even though the company struggled with lower production and high refining costs. It earned $41 billion last year on revenue of $486 billion.

Now at No. 2, Wal-Mart Stores reported 4 percent lower earnings in its latest fiscal year: net income of $15.7 billion on revenue of $446.95 billion. Higher expenses squeezed profits as the Bentonville, Arkansas, retail giant also looked for ways to lower prices.

Two other petroleum companies, Chevron and ConocoPhillips, ranked next behind Wal-Mart.

Rounding out the top 10 were automaker General Motors Co., industrial and banking giant General Electric Co., Warren Buffett’s Berkshire Hathaway, mortgage provider Fannie Mae, Ford Motor Co. and technology giant Hewlett-Packard.

Hewlett-Packard is new to Fortune’s top 10 this year, knocking out Bank of America, which fell to No. 13. Bank of America’s revenue has been hit on several fronts by a combination of a weak economy and new regulations that cut how much the bank could collect in credit card and checking account fees. It earned $1.4 billion last year on revenue of $94.4 billion.

Source: Daily News / CNN Money

Rory McIlroy joins Britain’s 100 richest sportsmen with an £11 million fortune, while new England manager Roy Hodgson is another new entry. Sir Nick Faldo is ranked at no.1 with a fortune valued at £34m.

Rory McIlroy, the 23-year-old Northern Ireland golfer who won the 2011 US Open, has already amassed a fortune worth £11m, according to the third annual Sunday Times Sport Rich List published in a special supplement free with The Sunday Times this weekend (May 6).

McIlroy is one of 12 golfers to feature in The Sunday Times Sport Rich List 2012, which profiles the 100 wealthiest sportsmen in Britain and Ireland. Last year, McIlroy only featured in the list of wealthy young sportsmen, aged 30 and under, with a £7m fortune. The 2012 Golf Rich List is headed by Sir Nick Faldo, worth £34m, who is estimated to have added £2m to his fortune in the last year, after tax, from television commentary, golf course design and sponsorship deals.

Lee Westwood and Darren Clarke have each seen their golf fortunes fall by £6m after they lost money by jointly buying a 10-seater Challenger 601 jet at the top of the market and selling at the bottom.

With a fortune which now stands at £32m, up £5m on last year, Manchester United’s Sir Alex Ferguson is the wealthiest football manager in The Sunday Times Rich List 2012. Sir Alex is joined in the Football Managers’ Rich List this year by Tottenham’s Harry Redknapp, worth £12m, and the new England manager, Roy Hodgson, worth £11m. Hodgson first became a football manager in 1976, with the Swedish side Halmstad.

Arsenal’s Arsene Wegner, the highest paid manager in the Premiership, with a salary recently reported to be £7.5m a year, has seen his fortune rise by £7m to £26m.

The third annual Sunday Times Sport Rich List is published in a special supplement this weekend (May 6), which profiles the 100 wealthiest sportsmen in Britain and Ireland and the 40 richest young sportsmen, aged 30 and under. The list is based on identifiable wealth (earnings, property, other assets such as art and racehorses, or significant shares in publicly quoted companies), and excludes bank accounts (to which the paper has no access).

Greek millionaires in sport featured in Greek Rich List include Ted Leonsis, owner US NHL’s Washington Capitals, the NBA’s Washington Wizards, the WNBA’s Washington Mystics. GRL also includes Peter Karmanos, Jr. owner of US Hockey Leagues’s Carolina Hurricanes and Plymouth Whalers and has previously profiled Pete Sampras, the legendary Tennis player, although Sampras in the last few issues has not made the cut.

Source: The Sunday Times

They were all from the same village of Messinia (Aghios Sostis) in Southern Greece.

Lymberopoulos owned a small factory in New York city and travelled to Greece often in order to see his family. The last time he visited Greece was for his son’s baptism. When the ritual came to an end Lymberopoulos decided to leave for America. He persuaded the Chronopoulos brothers to accompany him. Not surprisingly his wife did not want him to leave so soon after the baptism but Lymberopoulos insisted.

Lymberopoulos was the only one of the four Greeks on the Titanic who knew English. He was the only managed to reach ship’s deck by reading and following the signs. He jumped off the deck into the freezing water and swam for a long time until he found a rescuing boat with only three passengers inside. There they waited for a ship to rescue them, but unfortunately it never came and their bodies were found inside the boat near Canada’s coasts. It was reported that their life jackets were found half eaten (at that time life jackets were made of cork) in an attempt to stave of starvation.

Both Lymberopoulos and Katavelos had booked tickets for different ships but they changed them in order for all four friends to travel together.

Lymberopoulos and Katavelos bodies were found and identified together with some of their personal belongings. Unfortunately the bodies of the Chronopoulos brothers were never found.

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Grand ambitions: Mr Palmer said his replica ship would offer guests the ultimate in comfort and luxury (©EPA)

Just weeks after a special memorial cruise to mark the 100th anniversary of the sinking of the Titanic, an Australian billionaire Clive Palmer has announced plans to build an exact replica of the doomed liner.

The 21st-century version of the famous ship will be historically accurate and will make its maiden voyage from England to New York in 2016.

Clive Palmer has commissioned Chinese company CSC Jinlin Shipyard to build Titanic II – a life-sized replica of the White Star Line’s ship.

An historical research team will help to draw up the plans for the vessel, which will have the same dimensions as its predecessor, and will feature nine decks and 840 rooms.

Mr Palmer said: ‘Titanic II will be the ultimate in comfort and luxury with on-board gymnasiums and swimming pools, libraries, high class restaurants and luxury cabins.’

The only differences will be below the water line – the ship will be powered by diesel rather than coal and will include a bulbous bow for greater fuel efficiency, plus an enlarged rudder and bow thrusters for improved manoeuvrability.

It will have four smoke stacks like the coal-powered original, but they will be purely decorative.

Mr Palmer said the replica would be ‘every bit as luxurious as the original Titanic’ but will have state-of-the-art 21st-century technology and the latest navigation and safety systems.

When asked whether the new replica would sink, Mr Palmer replied: ‘Of course it will sink if you put a hole in it.

‘It is going to be designed so it won’t sink. It will be designed as a modern ship with all the technology to ensure that doesn’t happen.

‘But, of course, if you are superstitious like you are, you never know what could happen.’

Titanic II is the first of four luxury cruise ships Mr Palmer has commissioned CSC Jinling Shipyard to build.

The construction is expected to begin next year but the cost has not yet been revealed.

It is not the mining magnate’s first venture into tourism – he already owns a luxury holiday resort on the Sunshine Coast.

Mr Palmer called the project ‘a tribute to the spirit of the men and women who worked on the original Titanic.’

More than 1,500 people died in the sinking of the Titanic, which at the time was the world’s largest and most luxurious ocean liner.

The vessel struck an iceberg on its maiden voyage from Southampton to New York on April 14 1912 and sunk less than three hours later.

Sources: Daily Mail / Piperidis

A new number one has burst on the rich list scene. Aristotelis Mistakidis, valued at £1.7 billion. Born in Greece and known as Telis to his colleagues, he is co-head of Glencore’s zinc, copper and lead operations, based in Switzerland.

The 2nd Greek billionaire listed in the 2012 Sunday Times Rich is Alki David and the Leventis Family, valued at £1.2 billion. Other Greek millionaires listed include; Chris Lazari, valued at £730m, John Christodoulou, valued at £670m, Michael Lemos, valued at £605m, and Andreas Panayiotou, valued at £400m. In total over 15 Greek and Greek Cypriots are profiled in the publication.

A new full list of 50 UK Greek millionaires will be released in 2013 by Greek Rich List. GRL will also profiled over 200 Greek and Greek Cypriot billionaires and millionaires from around the world.

The Sunday Times ‘Giving’ List includes Greek Cypriot’s Stef and Stelio Stefano, valued at £140m as having given £4.2m in recent charitable donations. They come in at no. 42 in the ‘Giving’ list as the only Greek’s profiled in the list of 50.

Source: The Sunday Times Rich List, compiled by Philip Beresford, editor of Greek Rich List’s UK section.

The building at 179 Tottenham Court Road is owned by Greek Cypriot millionaire Chris Lazari, profiled as the the 4th richest Greek in GRL’s UK section and 19th wealthiest in the world.

————————-

There is a heavy police presence at the scene in Tottenham Court Road, where office buildings were evacuated after a man was reportedly seen carrying up to six canisters strapped to his back.

Windows of an office block were smashed and computers and paper were being thrown from a fifth floor window as horrified workers walked out with their hands in the air.

An onlooker said the man, named as Michael Green, had walked into the offices of Advantage, a logistics company which offers HGV courses. She said he had threatened to blow himself up before taking four hostages, including the company director and three salesmen.

One woman pleaded for her life, claiming she was pregnant in order to escape.

It was claimed that Green had failed an LGV training course three times and stormed the building to demand his money back.

A Scotland Yard spokesman declined to comment as the situation was unfolding but a source said the man was not a terrorist and it was not considered a “serious” incident.

“It appears at this stage that the man either has mental health problems or has a personal grievance against a company,” the source said.

Armed police and fire engines were called to the scene, at Shropshire House, at around midday. Trained hostage negotiators later arrived to speak to the suspect and a 300 metre cordon was put in place. Police snipers were also said to be taking up position on nearby rooftiops.

Abby Baafi, 27, the head of training and operations at Advantage, a company which offers HGV courses, described the incident in a video posted online.

She said the man had targeted her offices and was currently holding four men hostage.

“We were in the office and someone came in and we asked him what his name was and he said he was Michael Green. I recognised him because he was one of our previous customers but he’s not quite mentally stable.

“He just turned up, strapped up in gasoline cylinders. Basically. he threatened to blow up the office. He said he doesn’t care about his life, he doesn’t care about anything, he’s going to blow up everybody.

“He was specifically looking for me but obviously, I said my name’s not Abby and I’m three months pregnant so he let me go.”

Miss Baafi said she had lied about the pregnancy just to escape.

“It was the most terrifying experience of my life,” she added. “I have never felt so scared. There were 12 of us in the office. He just came in and said he wanted to kill us all.

Onlooker Massimo Zeppetlli told the Daily Telegraph: “i was walking along the street and heard loud bangs. I didn’t see anything hit anyone.

“People started saying the man had gas canisters attached to him and had four hostages.”

You can read more about Chris Lazari here:
http://www.greekrichlist.com/2010/09/the-tycoon-with-a-work-ethic/

Source: Daily Telegraph
By Victoria Ward, Andrew Hough and Emily Kent Smith

Russian billionaires Alisher Usmanov (left), Arsenal Football Club shareholder Roman Abramovich, Chelsea Football Club owner.

Steel and telecoms tycoon Alisher Usmanov topped Forbes magazine’s annual list of Russia’s rich, thanks to his nose for hot Internet stocks and the declining wealth of well-heeled peers.

Usmanov, 58, became Russia’s richest citizen with a net worth of $18.1 billion, up by $400 million from last year.

He has a stake in the social network Facebook as well as in Zynga and Groupon through his investment firm DST Global.

“Alisher Usmanov is Russia’s richest citizen for the first time. The gap may widen when Facebook goes public,” Forbes said.

Facebook was expected to conduct one of the most hotly anticipated U.S. initial public offerings this year.

But the bulk of Uzbekistan-born Usmanov’s wealth is underground through his control of Metalloinvest, Russia’s largest iron ore miner.

The group, which also owns steel mills in Russia and the United Arab Emirates, received a boost in 2011 when it refinanced its debt, according to Forbes.

He also has a minority stake in MegaFon, Russia’s No.2 mobile operator, where he might soon seek majority control.

MegaFon has signed a $2 billion syndicated loan with three international lenders as it raises funds to buy back a one-quarter stake owned by businessman Mikhail Fridman. Sources familiar with the company say the stake sale could be a prelude to a bid by Usmanov to take control.

He also owns the biggest Russian business daily, Kommersant, and has a stake in Arsenal, one of Britain’s top soccer clubs.

Usmanov grabbed the lead from Vladimir Lisin, owner of Russia’s fourth-largest steelmaker NLMK whose fortune declined by $8 billion to $15.9 billion.

Lisin’s diminishing wealth was part of a trend as the net worth of most of Russia’s top 10 billionaires fell.

The price of shares in their assets slid on global economic concerns and took a further hit on concerns over Russia’s political stability before Vladimir Putin’s election as president in March.

Usmanov and Leonid Mikhelson, the owner of Russia’s largest independent gas producer Novatek, were the only top 10 businessmen whose net worth gained last year.

The number of dollar-denominated billionaires in Russia fell by five to 96 last year, while the aggregate wealth of the top 20 businessmen was $446 billion, down from $499 billion.

Below is the net worth of the top 10 Russian billionaires, according to Forbes magazine (as of Feb 14, 2012):

1. Alisher Usmanov, $18.1 billion (previously $17.7 billion): (Sector) steel, telecom, investments.

2. Vladimir Lisin, $15.9 billion ($24 billion): steel, transport.

3. Alexei Mordashov, $15.3 billion ($18.5 billion): steel, investments.

4. Vladimir Potanin, $14.5 billion ($17.8 billion): metals.

5. Vagit Alekperov, $13.5 billion ($13.9 billion): oil.

6. Mikhail Fridman, $13.4 billion ($15.1 billion): oil, banking, telecom.

7. Mikhail Prokhorov $13.2 billion ($18 billion): investments.

8. Viktor Vekselberg, $12.4 billion ($13 billion): oil, metals.

9. Roman Abramovich, $12.1 billion ($13.4 billion): steel, investments.

10. Leonid Mikhelson, $11.9 billion ($9.1 billion): gas, chemicals.

Source: REUTERS,  Photo: REUTERS
(Reporting by Polina Devitt and Alfred Kueppers; Editing by David Cowell)

Owners of The Telegraph Group, the Barclay twins have topped a publishing “rich list” with their £2,250m fortune.

According to The Sunday Times Rich List 2012, the 77-year-old brothers are Britain’s richest newspaper proprietors, and also own the Ritz hotel in London, and the Littlewoods mail order business.

Number two in the list is Richard Desmond, owner of Express Newspapers and founder of Northern & Shell, which publishes various celebrity magazines such as OK! and New!, as well as national newspapers such as the Daily Star and Daily Express.

London-based Cristina Stenbeck, is the wealthiest woman among Britain’s richest publishers, with a £369m fortune.

After the sudden death of her father in 2002, Stenbeck became steward of the family’s interests at the Swedish-based Investment AB Kinnevik media and telecoms group, best known for its stable of Metro free newspapers, not including the UK Metro.

WPP boss Sir Martin Sorrell, is Britain’s wealthiest advertiser, with a fortune of £174m as a result of his global marketing services group.

Elsewhere, Neil Hutchinson, who founded the London-based online advertising business TrafficBroker, has seen his fortune more than double in the past year from £59m to £123m.

Source: bdaily

If a regular BlackBerry P’9981 isn’t quite special enough, and the one-off carbon fibre and titanium-clad version exclusively sold at Harrods is unobtainable, then you might be interested in a third option.

Designed by Stuart Hughes, this exclusive BlackBerry P’9881 is slathered in 24ct gold and can grace the pockets of your custom-tailored suit for a mere £3,500 from Goldstriker. Why not buy four or five as an investment? The value of gold is a safe bet in today’s turbulent economy after all.

Greek Canadian businessman Mike Lazaridis, founder and Vice Chairman of Research In Motion (RIM) which created and manufactures the BlackBerry wireless handheld devices is profiled in the ‘Rest of the World’ section of Greek Rich List.

P. Diddy has been declared the richest man in rap by Forbes for the second year running, with an estimated personal net worth of around £344m – up £47m from last year.

Jay-Z was placed second on the list of richest rappers with an estimated net worth of £287m, while Dr Dre took third spot with £198m.

Diddy’s wealth is partly due to his business ventures – which include Ciroc Vodka, Sean John and Enyce clothing, Blue Flame marketing and Bad Boy Records, MTV reports.

Most recently the face of Diageo-backed Ciroc vodka: he reportedly receives double-digit millions annually as a share of profits.

Jay-Z also has a range of lucrative financial interests, including his recent Watch the Throne tour with Kanye West, a deal with Live Nation, advertising agency Translation, and a stake in the New Jersey Nets basketball team.

Steve Stoute, the advertising executive who founded and co-owns Translation with Jay-Z told Forbes: “Who’s going to be hip-hop’s first billionaire is still to be determined, but clearly Jay and Puffy are far and away positioned to surpass that.”

Dre has retained the third spot he took last year and upped his wealth with the sale of his Beats Electronics company to mobile phone giant HTC.

American rapper, Birdman, clocks in at No. 4 with a fortune of $125 million. He co-founded Cash Money Records with brother Ronald “Slim” Williams two decades ago and the label’s value is increasing with the success of rappers Drake, Nicki Minaj and Lil Wayne.

Rounding off the Forbes top Five is Curtis “50 Cent” Jackson with a reported personal wealth of $110 million. The Queens-born rapper earned $100 million from the sale of his Vitaminwater stake in 2007 — and tens of millions more from touring, record sales and clothing.

Source: Music Week