Dentist Peppard, 75, owns the Cottonwood Village mobile home park, assessed as the eighth most valuable property in Santa Fe. Only two of the 18 billionaires have net worths that are lower than last year: Koos Bekker of South Africa, who dropped to $2.7 billion from $2.8 billion, and Mohammed Dewji of Tanzania, whose fortune fell to $1.5 billion from $1.6 billion a year ago. Africas billionaires are richer than they have been in years. What they mean by that is Thornburg was always very firm on maintaining a high-quality loan portfolio," Chicaferro says. His leadership of global warehouse giant ProLogis suggests a 21st century free marketeer, but hes got a bookish side, as a former St. Johns College board chair and director of Farrar, Straus and Giroux publishing. Help didn't come. Ron Chicaferro, who moved from California to join Thornburg, recalls. But theres another side to the strange economic mix that is Santa Fe. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. Larry Goldstone Lawrence J Burke The couple had a son in April 2000. He graduated Harvard Business Schoolthe tycoons' training groundin 1970. To market those funds, he founded Thornburg Securities. The company suffered when interest rates rose in 1994. Gerald Peters NICKY OPPENHEIMER & FAMILY. Hamilton, 67, was for decades a senior executive at one of the worlds biggest corporations, Procter & Gamble; in 2005, he joined the board of Dominos Pizza. 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. Mail letters to PO Box 4910 Santa Fe, NM 87502 or email them to editor[at]sfreporter.com. To value privately-held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. All of the continents billionaires are men; Isabel dos Santos of Angola fell off the Forbes list in January 2021. 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. Whether on the piano, in the studio, on the stage, or on the dance floor, Michael creates Todd has worked for NDI New Mexico since 1999 and has been the Albuquerque Music Director from Dr. Jessie Wenchieh Lo is a performing artist, recording artist, music educator, and music Matthew is an accomplished musician who has been in the New Mexico music scene for the past 6 Alyx Allie is a graduate of New Mexico State Universitys Dance Program under the direction of Pamela has been a dancer, choreographer, educator, and health care provider for most of her life. Shane, a native New Mexican, has been dancing for 22 years and teaching for 15 years. 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. Tom Ford An open house was advertised in February for that "unique Frank Lloyd Wright style-house [sic] located on a great private setting." 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. EEE 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." Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. Brian had been with American Greetings for over 25 years, the last Joelle Mevi is a retired government finance officer with over 20 years of experience in accounting, finance, and public funds investing. He denies any wrongdoing. Paul De Domenico 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. 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 . 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. I have never worked for a finer man or a finer company, David Miller, spokesman for Thornburg Investment Management, which remains in business, says. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. At Bear Stearns, Thornburg told interviewers, he developed expertise in using public "industrial revenue bonds" to benefit private developers. Subprime itself has become a euphemism for "toxic." Even the government doesnt know whos wealthiest. Letters will be edited for space and clarity. This week's cover story made use of numerous public documents and SFR writer Corey Pein created numerous spread sheets throughout the course of reporting this story. EEE = More local than not NDI New Mexico outperforms most other charities in America. - Charity Navigator, 2019, Family Friendly Business of New Mexico, 2018, 2019, Samaritan Counseling Ethics in Business Award, 2016, Albuquerque Business First Top CEO Award, 2015. J Tylee Wilson "And basically, the only ones that really survived this were if you were a bank and had access to the federal funding." In a 1999 article about Gilberts new Santa Fe-based property company, BGK Equities, Forbes described him as a two-time securities convict who once fled to Brazil to escape lenders worth more than $100 million, with a 3-acre Santa Fe estate [where] 10-foot electric gates open onto a broad, crushed-stone dooryard. Townsend is a former ExxonMobil vice president with a $1.7 million home in Las Campanas; wife Joanna is on the National Council of the Georgia OKeeffe Museum. Neighbors had thought the land would stay vacant, and feared development would make Tano Road a death trap. He still owns part of the company jet. That was an overstatement, at best. Instead of taxes, Thornburg agreed to pay the city a flat sum of $25,000 a year. SFR, Online Only: Read SFR's extended interview with Eric Janzen in which the Author of The Post Catastrophe Economy discusses his thoughts on capitalism's boom-bust cycle and the rise and fall of what he calls the "FIRE economy.". Thornburg's classmates included George W Bush's treasury secretary, Hank Paulson, who devised last year's $700 billion bank bailout. TEX One is that housing prices always go up and stock prices always go up," Eric Janszen, a former venture capitalist and author of a forthcoming book, The Post-Catastrophe Economy, says. Image Source: Meaghan's . She lives at Forked Lightning Ranch in San Miguel County. Charities honored him as a "treasured citizen." Of course he's making money. Mark Zuckerberg. EEE Those jobs, and the wealth they created, justified the tax breaks Thornburgs companies won over the years and the public accolades theyve received. Kingsley Ben-Adir ("High Fidelity") stars in "Bob Marley: One Love," the musical film produced by the reggae legend's son Ziggy Marley. Jirby is not surprised Thornburg stayed in New Mexico. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights. Leslie Nathanson Juris According to TCM, Katharine Hepburn died on June 29, 2003 at the age of 96. That was always the mantra from day one until the day I left," Chicaferro says. Vicki Ellis, a very successful beauty pageant coach, is portrayed in the program by Catherine Zeta-Jones. "I don't think it ever came up," former County Commissioner Jack Sullivan says. The city then uses the rent money to pay down a $45 million, tax-exempt bond it sold directly to Thornburg at 15 percent interest. Krys Custer* Theres a point, here. Wayne A Reaud In 1982, in a small office on Galisteo Street, Thornburg founded Thornburg Investment Management. $$$ "The real issue is, what are you trying to achieve?" Nassef Sawiris is an investor and a scion of Egypts wealthiest family.His most valuable asset is a nearly 6% stake in sportswear maker Adidas. $$$ TEX Because we're not at risk. RT @sir_yb: Abdul Samad Rabiu, the second wealthiest person in Nigeria, has surpassed South African billionaire, Nicky Oppenheimer in net worth, now ranking as the third richest individual in Africa with a net worth of over $8.6 billion. The quasi-public sector launched Thornburg to Bear Stearns, the recently deceased investment bank. To report this story, SFR scoured Santa Fe County property records, nonprofit tax returns filed with the Internal Revenue Service, philanthropic donor lists, Securities and Exchange Commission filings, private aircraft registrations with the Federal Aviation Administration, political campaign donors through the Federal Election Commission, court records including divorces and lawsuits, press accounts of luxury homes and art collectors, and straight-up town gossip. Thats a personality profile that leads people to think theyre the master of the universe, Patrick Collins, a retired Wall Streeter who campaigned against Thornburgs new Ridgetop Road headquarters, says. What Thornburg needs now, Chicaferro says, is time. "We like to keep our name out of the press," Investor Relations Director Mike McMahon says. J. Robert Oppenheimer, known as the "father of the atomic bomb," battled with the invention he helped to develop for the remainder of his life. But not for a landscape painter. His Thornburg Charitable Foundation has assets of $23 million (and pays $100,000 a year to Executive Director Suzanne Barker Kalangis, wife of Thornburg Mortgage Director Ike Kalangis). King is the co-owner of MillerStrategic Consulting, LLC (MSC), a . According to reports, the brothers both stand at five feet and six inches tall. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. Randy Travis (The McCune and Thaw foundations come in at $144 million and $52 million, respectively.) Jane Fonda According to a June 2009 article in the Las Vegas Review-Journal, Stertzer named Luis Hidalgo Jr., a friend, to manage the clubHidalgo Jr. drove a Pantera auto and frequently carried a handgun and wads of cash. Hidalgo Jr. and his son, Luis Hidalgo III, were sentenced to life in prison this year for the 2005 murder of a doorman. He also owns Santa Fes 16th most valuable home, a $6.6 million residence on Circle Drive. Last summer, Thornburg traveled to Washington, DC and met with Federal Reserve Chairman Ben Bernanke, Treasury Department officials and staff for US Sens. $$$ Peter Dwyer, a former Santa Fe city attorney, says industrial revenue bonds are "an inducement to try to get things that are of benefit to the community as a whole." Jirby claimed her husband "enjoyed a lavish lifestyle." And how did it come to this? in Dance from Illinois State University and has served on the dance faculties Cyann grew up dancing in Carlsbad, New Mexico starting at the age of 5. The companys six-story, glass-domed Southern Service Center in Charlotte, NC bears his name. When most people buy a home or office building, they pay annual property taxes. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. A former caretaker of his Santa Fe estatewhose duties are to care for the art collection, manage vendors, maintain budgets and supervise staffdescribed it as three residences on 8.5 acres, according to The Santa Fe New Mexican. Critics were a minority. $$ He owns at least 720 square miles of conservation land across South Africa, Botswana, Zimbabwe,. Diane Doniger W/C 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. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. The legalese in the deal states repeatedlyand in ALL CAPSthat the city is at NO RISK if Thornburg vacates the space. Net Worth: Relationship: Kids: View Personal Details . However, according to Thornburg's possibly lowballed estimate, the state, the county and the schools are out $368,000 a year. She received her Bachelors of Business Administration, Cum Laude, from Florida International University. 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. Shane Cronenweth* Prospective buyers beware. William H Miller III Julie Bowdich That means they demanded extra money to ensure they didn't lose on Thornburg's bets. The other part is he wasn't content with making money at that spread, and he leveraged. One case, Slater v. Thornburg, was recently consolidated in federal court. The Oppenheimer family has a combined net worth of $8.2 billion, largely through the 2012 sale of their stake in De Beers for about $5 billion, according to the Bloomberg Billionaires Index . In 1997, he bought low-producing gold mine shafts and later turned them profitable. EIN number 85-0431846. Paul Cassidy, Chair FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies. Jeffrey E Epstein Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. Curious? Leslie Nathanson Juris 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. Jamai Blivin His mansion on Tano Norte is worth $1.6 million. Linda Love Newspapers called him a genius. Nicky Oppenheimer net worth: Nicky Oppenheimer's net worth is $8 billion which makes him one of the richest people in South Africa. "Thornburg Mortgage wasn't the only company out there that was leveraged," Chicaferro says. "Thornburg is often referred to as one of the good guys that's having trouble. Catherine Oppenheimer of Santa Fe is recognized as a major contributor to the arts for her work supporting strong arts education programs in New Mexico. As the mother of a six year old, she was able to segue Diane currently serves as the chair of NDI New Mexicos Santa Fe Development Committee and member of the Executive Committee. "There is no conflict of interest. Four months after that promotion, Jirby gave birth to a son, Lloyd. The Great Recession has thrown at least 3,300 Santa Feans out of work since last August. They own a $1 million home on Camino del Monte Sol, though Caseys LinkedIn profile lists his home as greater New York City. In 2019 . Skilled workers had to be lured. She claimed Thornburg stopped making the $3,000 monthly mortgage payments and "interfered" in the home sale, thus ensuring foreclosure. Joelle Mevi She also talks about landing Catherine Zeta Jones, the show's upcoming storylines, and the prospects of a second season on Facebook Watch. $ Two days later, the company laid off 130 of 150 employees. He was building this famousin his estimationbuilding. There were a few fantasies you had to not buy into. 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 12 wealthiest people on the planet grew $36 . The Davises make their money managing other peoples, through their mutual funds; its a successful family business going back a couple of generations to New York. 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 According to a 2007 New York Times article, the De Domenicos also hoped to sell a property they purchased in Fiji some 40 years ago at the urging of their friend, actor Raymond Burr; the Times called it a network of lush valleys and hills, with its own waterfall, running streams, sunset views and about six kilometers, or four miles, of beach. Americans were hit harder than average: The typical U.S. billionaire lost nearly $350 million, or about 7% of his wealth, falling from an average net worth of $4.79 billion to $4.44 billion. Dubins daughter, a People magazine staff writer, was married at Loretto Chapel in 2001. EEE Gov. Mayo King, Co-Chair His eclectic musical Holly Mead is a composer, pianist, recording artist, educator, and recenttransplant to Santa Fe, Jesus is a Miami born pianist who built his reputation as a proficientclassical & Kevin originally trained to be a pianist but caught the dance bug in high school. Crosswinds put the real estate tycoons net worth at $200 million in 1996. Richardson appointed Frank, a former PricewaterhouseCoopers senior partner who lives in Tesuque, to the State Investment Council this year. 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. E/C She now runs a gallery in Taos. Sonny Otero . Brian Montgomery* 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. WE DIDNT FORGET: Some usual suspects His massive worth comes from his successful career as a real estate broker and attorney. The post-war economy replaced family farms with shopping malls; Thornburg's generation would bury manufacturing under paperfinance, insurance and real estate. City Housing and Community Development Division Director Kathy McCormick agrees. Your email address will not be published. Erin Gomez* Jason and Brett are often seen with their realtors towering over them, resulting in many fans wondering how tall the twins are. She has a BA in special education an a BS and MS in nursing and has worked in both professions over a span of 40 years. Nancy Blaugrund* Nicky Oppenheimer - Net Worth: $7.3 Billion South Africa's richest man is Nicky Oppenheimer. Martins father, the late Robert McKinney, made Crosswinds list. In March 2021, Motsepe was elected president of the Confederation of African Football, the sports governing body on the continent. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. If theres anything people lie about as often as sex, its money. That year, investors including Goldman Sachs paid $3.4 billion for the company Knutson had led since 1969. Everybody's happy on the way up because everybody seems to be making more money." Aleem Hasham Assessed at nearly $16 Learn more about the impact of NDI New Mexico.

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