ASSSIGNMENT ON ENTREPRENEURSHIP DEVELOPMENT

ASSIGNMENT TOPIC : TOP 5 BILLIONAIRES IN COUNTRY

ASSIGNMENT NO

:1

NAME

: BALAMURALI J

REG NO

: 102MB022

CLASS

: II MBA A

SUBMITTED BY

: SAVITHA NAIR MBA FACULTY RVS IMSR.

TOP 5 BILLIONARIRES IN FINANCE

Rank Name 3 11 26 32 39 Warren Buffet Lakshmi Mittal Mukesh Ambani Sunil Mittal John Paulson

Age 81 55 48 48 56

Net worth $50 B $20 B $7 B $4.9 B $16 B

Country United States India India India United States

WARREN EDWARD BUFFETT:

Warren Edward Buffett is born August 30, 1930. He is an American business magnate, investor, and philanthropist, Chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011. Born Warren Edward Buffett August 30, 1930 (age 81) Omaha, Nebraska, U.S. American Chairman & CEO of Berkshire Hathaway from 1951 US$100,000 US$50 billion (2011) Susan Thompson Buffett (19522004) Astrid Menks (2006present) Susan Alice Buffett Howard Graham Buffet Peter Andrew Buffett

Nationality Occupation Salary Net worth Spouse

Children

BUSINESS CAREER
Warren Buffett was employed from 195154 at Buffett-Falk & Co. Omaha investment salesman, from 19541956 at Graham-Newman Corp. New York securities analyst, from 19561969 at Buffett Partnership, Ltd. Omaha general partner from 1970 Present at Berkshire Hathaway Inc, Omaha as its Chairman, CEO.

LAKSHMI MITTAL
Born in a remote village, he got his start when his family moved to Calcutta and opened a small steel mill. He has a personal stake of 87.4 percent in the $22 billion (2004 sales) Mittal Steel. A double-digit drop in U.S and European steel prices led to a 64% fall in thirdquarter profits; the past 9 months down only 13%. He recently bought Ukraine's largest steelmaker in a televised auction. After winning the battle for rival Arcelor in June last year, the $34 billion merger created an industry behemoth that now accounts for more than10% of the worlds steel production.

MUKESH AMBANI
A feud with brother Anil ended this June after their mother brokered a settlement, which is awaiting court approval. Mukesh will maintain control of $16 billion (sales) Reliance Industries, the petrochemicals major whose stock is up more than 40% since the announcement.

Primed for a global footprint in the retail business, Mukesh Ambanis Reliance
Group is talking to French retail major, Carrefour, and other global players to acquire a controlling stake and reach out to international consumers with its basket of Indian food produce

SUNIL MITTAL
Sunil Mittal, Founder, Chairman and Managing Director of Bharati Group can be labeled as the most ambitious telecom entrepreneur in India. His rise from a small bicycle business with borrowed capital to the CMD of Bharati Group was ridden with hurdles. The turning point came in the year 1992 when the Indian Government was awarding licenses for mobile telephone services for the first time. One of the conditions for the Delhi Cellular Service was the bidder had to have some experience as a telecom operator. Mittal clinched a deal with French telecom operator Vivendi. Two years later he secured the rights to serve New Delhi. In 1995, Bharati Cellular Limited was formed to offer cellular services under the brand name AirTel. In 10 years, he has built the Bharti Group into India's largest mobile phone operator, with 14 million customers. Vodafone bought a 10% stake in Bharti Televenture, his joint venture with Singtel, for $1.5 billion in October.

The group is now partnering with Axa in a new insurance

JOHN PAULSON

NAME BORN Residence Occupation Salary Net worth Religion Spouse

JOHN PAULSON December 14, 1955 (age 56) Manhattan, New York, U.S. Founder and President of Paulson & Co. $4.9 billion $15.5 billion Jewish Jenny Paulson

EDUCATION AND CAREER He received his bachelor's degree in finance from New York University's College of Business and Public Administration (now the New York University Stern School of Business). He earned his MBA from Harvard Business School. Paulson began his career at Boston Consulting Group and then left to join Odyssey Partners where he worked with Leon Levy. Paulson was ranked 39 on the 2011 Forbes list of the world's wealthiest people.

BUSINESSES
John Alfred Paulson (born December 14, 1955) is an American hedge fund manager, He is the founder and President of Paulson & Co., a New York-based hedge fund.

 Paulson became a billionaire by short-selling subprime mortgages in 2007, and made $3.5 billion that year.[1] In 2010, he beat a hedge-fund record by making nearly $5 billion.[1] In 2011, he made bad trades in Bank of America,