Bloomberg Markets: 8 Billionaires You Need to Know
Matt Miller has been a busy man.
Bloomberg News hired the editor away from Forbes earlier this year and put him to work. Doing what, exactly?
Bloomberg Markets features a cover story on eight never before found billionaires. Miller and his crew uncovered the people using data from the financial company and good old-fashioned reporting.
In a phone call on Monday afternoon, Miller explained the method to his money madness:
“We went into the terminal and looked at people that had billion dollar stakes in companies. So we found a few that way. Then I hit the road. I’ve been to 18 bureaus over the course of my first 2.5 months here. I started pushing our reporters to go out and look for billionaires who hadn’t been found before. It’s a mixture of data analysis and hard-nosed reporting. By their nature, billionaires who haven’t been found by other publications, you have to really go hunt for them. They aren’t going to find you.”
Miller admits this isn’t an exhaustive list. There are “plenty of billionaires out there who haven’t been found,” but he won’t stop looking.
Net worth:$3 billion Primary asset: Public stake in Intergroup
Key quote/fact: “Rodriguez-Pastor’s story shows how the industrialization of Asia and the commodities boom in Latin America have set off a wave of wealth creation reaching from Beijing and New Delhi to Sao Paulo and Lima.”
Siegfried Meister and Family
Net worth:At least $2 billion Primary asset: 63.7% stake in Rational AG
Key quote/fact: Rational ranges prepare 110 million meals every day.
Elisabeth Badinter and Family
Net worth:At least $1.1 billion Primary asset: 10.47% stake in Publicis Groupe SA
Key quote/fact: “Badinter’s 2010 book, The Conflict, became controversial by arguing that political and societal pressures push mothers away from the workforce.”
Net worth:At least $1.1 billion Primary asset: 49% stake in Altarea
Key quote/fact: “Since Altarea first became publicly traded in late 2004, its shareholders earned annual returns of 26% from dividends and stock appreciation.”
Guenther Fielmann and Family
Net worth:At least $3.4 billion Primary asset: “71% stake in Fielmann AG held individually, by his son Marc and in two trusts.”
Key quote/fact: Fielmann plants one tree per year for each of his employees. He’s over one million now.
Net worth:At least $1.6 billion Primary asset: MRV Engenharia & Participacoes SA
Key quote/fact: MRV’s “profit jumped 26-fold to 634.5 million reais” from 2005-2011.
Net worth:At least $2.7 billion Primary asset: 61.74% stake in Douja Promotion Groupe Addoha SA
Key quote/fact: “With the help of government subsidies, the company has built more than 190,000 homes spanning almost 15,000 acres (6,070 hectares) throughout Morocco.”
Net worth:At least $1.3 billion Primary asset: 55.6% stake in Sprott Inc.
Key quote/fact: “As of March 31, Sprott Inc. oversaw more gold than Brazil had in its reserves, according to Bloomberg data.”
Read more cool stories at Business Insider.