W/C = West Coast roots
Thornburg's empire was built on his grasp of both market trends and government regulations. By 2004, the adopted Santa Fean was lionized as an odd Western wizard. 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. Brian McGrath E/C
In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. The National Dance Institute, founded by Thornburgs wife, Catherine Oppenheimer, has assets of $22 million. He credits advice from his financial planner. 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. Newspapers called him a genius. Sarofims daughter Allison reportedly played a centaur in the first Chronicles of Narnia film. He still owns part of the company jet. He has 42 years of experience in the public finance field focusing exclusively on municipal debt issuance and public finance. Our People - NDI New Mexico As a consultant to the US Office of Education he Maria Gale is a retired medical social worker and psychotherapist who relocated to New Mexico from the Cleveland, Ohio area in 1995. Forbes says Sarofim, 72, is the adopted daughter of Herman Brown, the cofounder of the construction colossus Brown & Root, which was a subsidiary of the military contractor Halliburton until 2007. The new Thornburg campus, which opened this year, looks down over the city like a citadel. Catherine Lozick - Forbes He is on the board of the Lensic and the School for Advanced Research. Diane Doniger We then used the public database site, Socrata, to create five searchable online databases of this information. "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." Simon H Stertzer
Jirby recalls the biggest shock of their marriage came at a party in Southampton, NY when she learned Thornburg could play drums. Tooey Boyden* Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. The generally accepted version of events leading to the fall of Thornburg is nicely laid out in a new book, House of Cards, by William Cohan. In 2006, he and wife Margarita sued their high-end decorators after getting billed for items theyd rejected. Meaghan Oppenheimer has a net worth of $4 million as of 2022. Martins father, the late Robert McKinney, made Crosswinds list. Subsequent to the economic crash, AIG has received a total of $182.5 billion in federal aid, according to the Government Accountability Office. $$$
That extra cushion isnt the only difference between the rich and the rest. In 2019 . $$$
Leslie Nathanson Juris Val Diker Nicky Oppenheimer net worth: Nicky Oppenheimer's net worth is $8 billion which makes him one of the richest people in South Africa. Letters (no more than 200 words) should refer to specic articles in the Reporter. Problem was, the suit claims, the company paid bonuses for growth regardless of where the market was headed, creating a "conflict of interest" between executives and shareholders. She studied in Brazil, the Tracy trained at La Mesa Dance Academy with Cecelia Jaramillo before studying under New Mexico Zoe Lesser is a director and choreographer from Los Angeles, California. She is trained in ballet, Gabriel graduated from the University of New Mexico with a B.A. Jason and Brett are often seen with their realtors towering over them, resulting in many fans wondering how tall the twins are. "It wasn't all that hard. In Israel, her family flipped houses and invested in properties. The 10 Richest People in South Africa - Money Inc Affecting their life outcomes will change the picture of New Mexicos future and is the key to a thriving economy. Santa Fe Review Editor George Johnson has a24/7 webcam trained on the Ford mansion (and on the Davises property; see Some usual suspects). Instead, he tried to make New Mexico work for him. Louisa Stude Sarofim
His career began as an education policy analyst. The company sold "super-prime" "jumbo" mortgagesbig houses for rich peoplewhich few New Mexicans could afford. 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. Her consulting emphasizes the implementation of strategy and the Sandy has lived in Albuquerque since 1968 when she came (on a whim) to attend UNM. Last month, Richardson named Thornburg to a commission to save the bankrupt College of Santa Fe. She's been with the Oppenheim Group for three years, and it looks like she has done pretty well for herself, considering her net worth is $1 million. TEX
"Thornburg is often referred to as one of the good guys that's having trouble. "They don't want us to spend our time fighting with a mortgage company that's already failing over whether it's producing enough jobs," Dwyer says. Then the ground moved. Unlike taxes. Cohan explains how Thornburg Mortgage funded its operations "most often by obtaining short-term, often overnight, borrowings" backed by the mortgages it held. She says it's fair to say that Thornburg bullied the city. Litigating shareholders say Thornburg Mortgage overborrowedleveraging up to $12.50 for every $1 it held in equity, well over what federal regulations allow for commercial banks. The company denies this. "The 'genius' element was very simple. On Jan. 4, 2007, Gov. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. Many other companies that borrowed heavily are now defunct. Your email address will not be published. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. His mansion on Tano Norte is worth $1.6 million. Oilman Klein owns a $6.7 million home in Tesuque with wife Jeanne; together, theyre on this summers ARTnews list of top collectors worldwide. She fell in love with dance at a very young age and at eleven years old Kiri Chapman joined the NDI New Mexico team in 2022. By all accounts, Bear Stearns wasn't interested. Devin Lujan* "Any way they could find to put a favorable slant on this, they did. He wasn't alone. All Rights Reserved. That's unlikely, with Thornburg Mortgage now bankrupt. Santa Fe, New Mexico, United States. Mail letters to PO Box 4910 Santa Fe, NM 87502 or email them to editor[at]sfreporter.com. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. Leslie Carpenter* $$
Starring Catherine Zeta-Jones as Vicki, a former beauty queen and current pageant coach who tries to coach an unlikely young woman through the brutal pageant world. It hurts to have 130 people lose well-paying, financial-sector jobs. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. Jirby and Thornburg had taken out a mortgage to remodel a home Jirby had purchased, where she and Lloyd lived. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt. 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. 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 Diane Doniger Critics were a minority. Not to be confused with the other Bill Miller (see William A Miller). 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? Nevertheless, his dining spots are among Santa Fes most popular, including Blue Corn Caf, La Casa Sena and Rio Chama. According to Heldmeyer, city officials feared for the health of the mortgage company even before the deal was struckand kept those fears private. OTHER
He still lists Santa Fe as his address when donating to politicians. 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." He denies any wrongdoing. 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. Thornburgs new campus on Ridgetop Road was built thanks to property tax breaks for his companies. As Thornburg's businesses flourished, his marriage soured. It will be one of the tallest buildings in Africa.
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