Paul Cassidy, Chair Soaring stock prices from Nigeria to Zimbabwe lifted the fortunes of these tycoons, as demand for products and services from telecom to luxury goods ticked up. Net Worth in 2023. EEE Albuquerque Business First Non-Profit of the Year Award, 2015, 2020, Best of Santa Fe Reporter, 2017, 2018, 2019, 2020, Four-star rating four years in a row! "The real issue is, what are you trying to achieve?" Brilliance wasn't enough for Thornburg. Image Source: Meaghan's . South African Nicky Oppenheimer, who formerly ran diamond mining firm DeBeers before selling it to mining firm Anglo American a decade ago, ranks No. Stephen L Feinberg Jirby claimed her husband "enjoyed a lavish lifestyle." We are all one community, Blair says. So SFR doesnt present this list as anything but our best effort to figure out whos got the money in Santa Fe. As of 2021, he has an estimated net worth of $50million, according to Celebrity Net Worth. The bond deal behind it resembles a labyrinth. The feds may already have committed three times that much to bail out private financial institutions deemed too big to fail. I have never worked for a finer man or a finer company, David Miller, spokesman for Thornburg Investment Management, which remains in business, says. 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. He even once collected unemployment, so perhaps he can relate to his former workers. Benjamin Thomas* That wasn't the case," Heldmeyer says. Maybe as smart as Yale economist Robert Schiller, who predicted such a crash in 2005. He would also keep his father's gun collection and his interest in Thornburg Sheep Co. back in Minnesota. Ken DeBettignies* Joe Farr* This limits reinvestment in the companyat least without borrowing. Thornburg Mortgage was founded in 1993 with tax advantages in mind. Some list members grow richer or poorer within weeks or days of our measurement date. The company denies this. $$ish Thornburg's reputation grew. WE DIDNT FORGET: Some usual suspects It would give them time to reorganize," he says. The elder Paul and Anita De Domenicos Santa Fe home was the EEE She graduated Magna Cum Laude with a Bachelors Jennifer has an MFA in Creative Writing, and MA in English from University of New Mexico, and more Marrying art and business, Laurie has worked as an award-winning designer for 25+ years supporting Christine Castrohas more than 25 years of experience leading communications and public Feliciana Warren, Development Associate, a position she has held since August 2019. Andrew & Sydney Davis Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. Skilled workers had to be lured. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. His leadership of global warehouse giant ProLogis suggests a 21st century free marketeer, but hes got a bookish side, as a former St. Johns College board chair and director of Farrar, Straus and Giroux publishing. "Any way they could find to put a favorable slant on this, they did. Paul Peppard Donate today to Friends of the Reporter. In the past two years, Thornburg lost a lot of moneybut hes probably still far beyond the $36 million net worth Crosswinds estimated in 1996. $$ "New Mexico is very perfect for me," Jirby says. After many years in development, Dangotes fertilizer plant in Nigeria began operations in mid-2021. The Academy-award nominated and Golden Globe-winning actress (Love Story) has lived in Santa Fe since 1994, and is well-known for her approachability and generosity to numerous Santa Fe causes, including animals and the arts. TEX = Texas roots 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. There was no internet. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. 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. Thornburg Investment Management and Thornburg Securities had paid $115,000 in gross receipts taxes over two prior years. In their bond application, Thornburg's team noted that he donates $35,000 a year to Partners In Education Foundation, a nonprofit, and more than $100,000 a year to Santa Fe Public Schools. He is on the board of the Lensic and the School for Advanced Research. Gov. BGK donated $50,000 to Richardsons 2002 run for governor. AFRICAS BILLIONAIRES ARE RICHER than they have been in years. But Garrett Thornburg will be OK. An REIT, unlike a regular company, is exempt from corporate income taxes. 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. "Terrible mortgage securities made up of junk were rated AAA. 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. W/C According to the suit, "the constant fear of bankruptcy" drove executives into "a deliberate pattern of concealment and selective disclosure." She graduated from Vassar with a BA in psychology and moved to Washington, DC to begin her career on Capitol Hill. She was mentored by Elliot joined NDI New Mexico in 2015 as a Musician in the In-School Program. Letters will be edited for space and clarity. In 1998, he hired Ron Chicaferro, then working for another REIT, to lead Thornburg Home Loans. Ronald N Dubin He Kate Moss grew up in St. Louis, MO prior to heading East to attend Vassar College. Gerald Peters What Are The 'Selling Sunset' Cast Net Worths? - Who Makes The Most Former Santa Fe Opera board of directors member Dubin founded the investment firm Dubin Clark & Company, based in tony Greenwich, Conn. He just happened to be in the right place at the right time." 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. Joelle Mevi 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. "I think Garrett liked Santa Fe very much. Mail letters to PO Box 4910 Santa Fe, NM 87502 or email them to editor[at]sfreporter.com. City Housing and Community Development Division Director Kathy McCormick agrees. The bills died.) Instead of taxes, Thornburg agreed to pay the city a flat sum of $25,000 a year. Catherine Lozick - Forbes The 12 wealthiest people on the planet grew $36 . The 10 Richest People in South Africa - Money Inc 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. He remains property flush, but thats not necessarily helpful when tenants go bust. "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. (The stock actually peaked at $32 about a year ago; its now 1 cent.) $ 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 . Thornburg left Lakefield for a military prep school and went on to Williams College in Massachusetts. Aliko Dangote, Africas richest person, founded and chairs Dangote Cement, the continents largest cement producer. 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. Money is a slippery thing, especially now. $ish Girard is president of her family business, Greer Enterprises, the real estate company developing a condo/retail project at the Lensic. 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. Before spring break, flight records show it flew to Provo in the Caribbean, several islands east of where his parents married. History reports that she died in her home in Old Saybrook, Connecticut, from natural causes. Last summer, Thornburg traveled to Washington, DC and met with Federal Reserve Chairman Ben Bernanke, Treasury Department officials and staff for US Sens. Unlike many fellow magnates, Thornburg has felt the economy's harsher side. She received her Sage is a life-long learner and lover of music. Thornburg wanted the city to help finance his new campus with a $45 million industrial revenue bond, similar to the deals he had arranged in New York. EEE Richardson spokesman Gilbert Gallegos refused comment "on someone's impression of a private meeting [the governor] may have had." William H Miller III Cormac McCarthy Sunday Times Rich List 2012 - UK's Richest People | TheRichest He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. Alexis Girard Naguib Sawiris is a scion of Egypts wealthiest family. EEE EEE $$$ Its unclear whether he owns property here. 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." Amanda Marquez*, Aleem Hasham, Co-Chair 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. Linda Love Jane Fonda 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 . The legalese in the deal states repeatedlyand in ALL CAPSthat the city is at NO RISK if Thornburg vacates the space. 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. Structural Info Known for movies Sing 1989 as Cujette Source IMDB Santa Fe, New Mexico, United States. Nobody laughed. Who Is Meaghan Oppenheimer, New Wife Of 'Lucifer' Star Tom Ellis? She started her working life with what was then Albuquerque National Bank and left to work with her father at Rust Tractor Co. until the dealership sold in 2002. Catherine Oppenheimer co-founded the National Dance Institute of New Mexico in 1994 (NDI-NM) and the New Mexico School for the Arts (NMSA) in 2010. Kingsley Ben-Adir ("High Fidelity") stars in "Bob Marley: One Love," the musical film produced by the reggae legend's son Ziggy Marley. All of the continents billionaires are men; Isabel dos Santos of Angola fell off the Forbes list in January 2021. Val Diker Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. In any case, the question might be of hardly an issue. 4 last year is luxury goods magnate Johann Rupert of South Africa. Politicians paid respect to a man whose business they may not have understood, except to the extent that it was successful. He denies any wrongdoing. His lawyers claimed Thornburg Management only truly owed $646, while Thornburg Securities owed zero dollars. NDI New Mexico provides children with the tools and skills they need to succeed. The House Thornburg Lost | | Santa Fe Reporter The tax-avoidance strategy, foreshadowed by Thornburg's New York bond deals, was transplanted to New Mexico. Bill Jr. continues in that business, developing condos, office and luxury property in NYC, the Hamptons and Palm Beach, among other places. For many years, his companies had rented space downtown on Marcy Street. Two Dobermans and a rottweiler jog out to encircle visitors. The property doesnt appear to be in his name; neither is BGKs 2006 sport aircraft. 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.