The company suffered when interest rates rose in 1994. "I would consider both Garrett and Larry Goldstone to be very, very smart guys," Chicaferro says. "We are lucky to be here today," Thornburg told investors later. On Jan. 4, 2007, Gov. In 1982, in a small office on Galisteo Street, Thornburg founded Thornburg Investment Management. Connie Cassidy* Nicky Oppenheimer is a South African billionaire businessman and philanthropist @Nairametrics. 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. That was always the mantra from day one until the day I left," Chicaferro says. "The 'genius' element was very simple. Thornburg funded Chavez' Council opponents in the 2004 and 2008 elections. Your email address will not be published. $$$ The quasi-public sector launched Thornburg to Bear Stearns, the recently deceased investment bank. "The real issue is, what are you trying to achieve?" He also was a director of CompUSA. Although Meaghan wasn't in pageants herself, she definitely had friends that competed, and she knew a lot about this world. The 80-year-old former real estate developer and owner of Santa Fes Pinon Farm was buddies with former Pres. A member of the Texas Tobacco Five lawyers, Reaud split $3.3 billion in fees for helping that state win an even bigger settlement against Big Tobacco. $$$ Louisa Stude Sarofim The Forbes Billionaires List: Africa's Richest People 2022 For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. City Housing and Community Development Division Director Kathy McCormick agrees. Nicky Oppenheimer, heir to the DeBeers diamond fortune, sold his 40% of the firm to mining group Anglo American for $5.1 billion in cash in 2012. In 1997, he bought low-producing gold mine shafts and later turned them profitable. $$ Net Worth (GBP) Change Net Worth (ZAR) 23: Nicky Oppenheimer and Family: Diamonds and Mining: 5.537 billion +3 million: R92.35 billion: 31: Nathan Kirsh: Cash and carry, Property, Investment . Last summer, Thornburg traveled to Washington, DC and met with Federal Reserve Chairman Ben Bernanke, Treasury Department officials and staff for US Sens. The companies pledged to "create 100-200 new permanent jobs." Robert B Knutson The companys six-story, glass-domed Southern Service Center in Charlotte, NC bears his name. "Rather than just rolling over and playing dead, the administration could've said, 'There's good points on both sides. The majority of Oppenheimer's fortune is derived from the proceeds he collected selling his family's 40% stake in De Beers, the world's largest rough diamond producer, to Anglo American for $5.2. As a group, the continents 18 billionaires are worth an estimated $84.9 billion a 15% increase from 12 months ago and the largest tally since at least 2015. $$ish Michael Zarin, named a Bear Stearns VP at the same time as Thornburg, remembers him as talented and scrupulous. $$ish $$ish $$ish Benjamin Thomas* To market those funds, he founded Thornburg Securities. Akhannouch was appointed prime minister of Morocco in September 2021. The elder Paul and Anita De Domenicos Santa Fe home was the The company denies this. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. The 18 billionaires from Africa hail from seven different countries. Leann Kravitz James Ortiz* It was divisive. Integer vehicula et lacus efficitur Allegra Lillard began dancing in her home state of Texas and Antionette, a native of Albuquerque, began her dance training at age three in ballet, jazz, tap, Bianca Lily Starr, MA & MSc is an alignment and safe dance specialist with an expertise in Chelsea received her Bachelors of Arts in Dance from Cal State Fullerton. TEX In 2001 he purchased the Palomino Club, a popular strip joint in northern Las Vegas, Nev. Maria Gale . He runs OCI, one of the worlds largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam Exchange. Jamai Blivin Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. Help keep local journalism fighting for you. TEX Paramount's Bob Marley Biopic First Look Leaves CinemaCon Jammin' It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. He Kate Moss grew up in St. Louis, MO prior to heading East to attend Vassar College. Originally a Lily grew up in Santa Fe. While delighting investors, Thornburg angered neighbors. Val Diker Glassman saved special praise for Thornburg Mortgage: "What makes it attractive is its whopping dividend yield, now 10.1 percent"compared to, say, 2.1 percent for Nike today. Albin also owns a 2006 Cessna Citation business jet. Nicky Oppenheimer net worth: Nicky Oppenheimer's net worth is $8 billion which makes him one of the richest people in South Africa. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. Eddie Gilbert "Unbeknownst to the attendees of the meeting and investors," the suit claims, Thornburg "was just two days away from commencing the sale of 35 percent of its highest quality mortgage-backed assets to meet margin calls." Letters will be edited for space and clarity. EEE Sarofims daughter Allison reportedly played a centaur in the first Chronicles of Narnia film. Thornburg's creditors started making "margin calls." She is from Michigan, and spent four years Maureen (Mo) Gorman was raised in Albuquerque but spent the last 9 years in Rochester, New York. Ariana grew up in Santa Fe and danced with Aspen Santa Fe Ballet, Charisma, Cathy Roe, and Wendy has been working as a teacher for NDI New Mexico for over 15 years at The Hiland, The Dance Lorem ipsum dolor sit amet, consectetur adipiscing elit. Politicians paid respect to a man whose business they may not have understood, except to the extent that it was successful. Randy Travis Neighbors had thought the land would stay vacant, and feared development would make Tano Road a death trap. $$ish EEE Leslie Nathanson Juris $$ish That was an overstatement, at best. Bill Clinton. A few years later, it endured a wave of prepayments by borrowers. Thornburg got a better deal than any ordinary homebuyer would be able to negotiate. EEE W/C = West Coast roots Diane Doniger Shaw Bowman* Meanwhile, Thornburg's political allies pushed the project forward. OTHER Stephen L Feinberg Her direct responsibilities include serving as the primary external Jesse Martinez was born and raised in Santa Fe, NM and joined the NDI-NM family in 1999 through the In-School program. #1272 Catherine Lozick on the 2023 Billionaires - Catherine Lozick inherited an estimated 65% stake in Swagelok, a valve-making business her father, Fred . In March 2021, Motsepe was elected president of the Confederation of African Football, the sports governing body on the continent. As of 2021, he has an estimated net worth of $50million, according to Celebrity Net Worth. Our process wasnt entirely scientific. Help didn't come. $$ Their $906,000 home on Thunderbird Corto is a short drive from the campus, soon to be emptier. (The stock actually peaked at $32 about a year ago; its now 1 cent.) W/C Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. J Tylee Wilson "Shouldn't we all go through the same process?" Santa Fe, New Mexico, United States. Thornburgs new campus on Ridgetop Road was built thanks to property tax breaks for his companies. Shares of Econet Wireless Zimbabwe, which he founded, rose more than 750% in the past year, helping to drive up the size of his fortune. Sunday Times Rich List 2012 - UK's Richest People | TheRichest EIN number 85-0431846. 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. A more than 60% surge in the share price of his luxury goods firm Compagnie Financiere Richemont maker of Cartier watches and Montblanc pens pushed his fortune to $11 billion, up from $7.2 billion a year ago, making him the biggest gainer on the list. BGK donated $50,000 to Richardsons 2002 run for governor. He owns at least 720 square miles of conservation land across South Africa, Botswana, Zimbabwe,. Nicky Oppenheimer, heir to the DeBeers diamond fortune, sold his 40% of the firm to mining group Anglo American for $5.1 billion in cash . Peter Frank $ = Loaded Thornburg helped Donald Trump turn the old Commodore Hotel in NYC into the Grand Hyatt. She is also a member of the Del Archuleta is a native New Mexican and has devoted his life to giving back to the community and improving the lives of New Mexicans. Thornburg would keep his company stock and his tax-deferred retirement account. Aug. 19 estate of the day on luxist.com. "Thornburg is often referred to as one of the good guys that's having trouble. With that, we present this incomplete list of Santa Fes rich and not-always famous. Alt-A falls somewhere between prime and subprime. She is a well-known actress, producer, and writer whose primary source of income is her acting career. Thornburg's classmates included George W Bush's treasury secretary, Hank Paulson, who devised last year's $700 billion bank bailout. In January 2020, Oppenheimer was slightly behind Rupert with $7.33 billion to his name. It was an odd move for a power player. EEE Bill & Nancy Zeckendorf In 2037, when Garrett Thornburg is 91 years old, his company will purchase the land and building for $1. Thornburg found borrowers over the internet and through "correspondent" lenders around the country. 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. $ In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. Biggs, 73, has a $2 million home in Las Campanas and serves on the board of the Santa Fe Opera. The bankruptcy also raises questions. Yinka Oladejo on Twitter: "RT @Nairametrics: This has placed him ahead Peter Oppenheimer has a net worth of $200 million. "I get on my knees and bow to her every other day," Chicaferro, who now "lounges" in Scottsdale, Ariz., says. He donates big to Democratic politicians and the Center for Contemporary Arts. EEE He also makes his debut as a showrunner/executive producer with this project. National Dance Institute of New Mexico is a 501(c)(3) not-for-profit organization and donations are tax-deductible. She joined The Oppenheim Group in February 2015, according to her LinkedIn profile and she works with high net worth clients there . "Any way they could find to put a favorable slant on this, they did. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies. Its been generations since the value of a dollar was in such doubt, with the US government planning to run a deficit over the next decade of $9,000,000,000,000thats a record $9 trillionenough to buy every adult Santa Fean a new F-22 fighter jet or a large stake in a uranium mine. What Thornburg needs now, Chicaferro says, is time. The New Mexican's headline when the City Council approved the bond: "Thornburg deal benefits schools." $$ish Subsequent to the economic crash, AIG has received a total of $182.5 billion in federal aid, according to the Government Accountability Office. Kelcy Flanagan Cormac McCarthy Ultimately, Jirby would keep sale proceeds from the home, the art and physical custody of their son. It's harder to get a mortgage these days. The doors throughout the dwelling are equipped with hardware as hefty and as elaborately detailed as that on medieval town gates. $$ But that near-parity has slipped dramatically in the second half of the year. EEE Where is Yvette Mimieux now? Former Councilor Karen Heldmeyer, the other "no" vote, says she grew frustrated by "backroom deals" and decided not to seek re-election. NM since 1994, except for a five-year detour to Fort Worth Texas where she was the Executive Director. The bond deal behind it resembles a labyrinth. Curious? "And so we smiled and said, 'That's wonderful, but we haven't changed our minds.'" 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. In any case, the question might be of hardly an issue. Per Celebrity Net Worth, Hepburn was reportedly worth $20 million at the time of her death . Chelsea has performed as Corey holds a B.S. She was mentored by Elliot joined NDI New Mexico in 2015 as a Musician in the In-School Program. Ellis is certainly a millionaire with his fortune from acting estimated at around $6million. 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. At the local level, they fund arts and civic organizationslike the Lensic Performing Arts Center and SITE Santa Fethat make Santa Fe a better place to live, and an arts and culture scene with cachet around the world. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. We then used the public database site, Socrata, to create five searchable online databases of this information. Image Source: Meaghan's . The . CELEBRITIES: You may have heard of them E/C E/C = East Coast roots Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. "We like to keep our name out of the press," Investor Relations Director Mike McMahon says. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. The author has had good luck with Hollywood adaptations and Oprah recommendations; his $1.1 million home is off Bishops Lodge Road. At his top, Thornburg's jet landed in Paris; he fished in Patagonia. There was no internet. The actors ranch is technically in Mora County, but his wife is a partner in a Santa Fe shop. He is on the board of the Lensic and the School for Advanced Research. $$$ His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. Counting layoffs is one thing. As rise-and-fall stories go, Thornburgs is neither the biggest nor the most shocking. Even the government doesnt know whos wealthiest. She never remarried. In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of NBA Nicks and the NHL Rangers teams. He grew up in tiny Lakefield, Minn., where his father was a livestock broker; a 1949 edition of the Lakefield Standard records Thornburg Sheep Co. purchasing a prize lamb for $1.10 a pound. Tooey Boyden* Andrew & Sydney Davis The post-war economy replaced family farms with shopping malls; Thornburg's generation would bury manufacturing under paperfinance, insurance and real estate. 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." 01 May 2023 14:48:20 In 2006, he and wife Margarita sued their high-end decorators after getting billed for items theyd rejected. The supposed public benefit of the Thornburg campus? 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. 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. Ocean Munds-Dry is Managing Counsel for ConocoPhillips where she advises the company on New Mexico legal and regulatory matters. Thornburg and his third wife, Catherine Oppenheimer, who founded the National Dance Institute of New Mexico, are involved in a new charter school for the arts. Originally from Myers Godwin joined NDI New Mexico in 2012 and now serves as the organizations Albuquerque Cynthia Delgado, Government & Corporate Relations Director, a position she has held since July Jenn Venegas was born and raised in El Paso, Texas. He denies any wrongdoing. Even at Santa Fes vaunted living wage, a person would have to save every penny for 125 years to even put the traditional 20 percent down payment on financier Jeffrey Epsteins Santa Fe ranch. HOVER TO REVEAL NET WORTH BY YEAR . 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. In 1989, Thornburg sued the state of New Mexico's Taxation & Revenue Department. According to reports, the brothers both stand at five feet and six inches tall. The 10 Richest People in South Africa - Money Inc Bill Richardson appointed Feinberg to the State Investment Council this year. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. Over the years, his company, The Opppeneim Group, has closed more than $1 billion in sales over the years and has over $100 million in active listings. 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. You can also email specific staff members from our contact page. 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.
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