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Female Billionaires Of The World

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When Liliane Bettencourt, heiress to the L’Oreal cosmetics group, passed away, she left behind a personal valuation of 33 billion euros, making her the richest woman in the world. Her death not only shook the fashion industry, it also opened up the first place for the richest woman billionaire. According to the recent findings by Forbes, the number of rich women in the world comes to a grand total of 256. As it is not entirely possible to look at the entire list, here is taking a look at the creme de la creme of billionaires in the world!

1. Alice Walton 

When Bettencourt was alive, Alice Walton stood at number 17 on the list of the opulently rich and famous people in the world. However, post Bettencourt’s death, Ms. Walton quickly rose up the ranks and now stands as one of the richest women in the world, with a global ranking of 16. With a net worth of $ 33.8 billion, Walton made a mark in the world with her keen eye for growth, new strategies and a zeal to make a new record every day. Alice Walton is definitely a force to be reckoned with!

2. Jacqueline Mars

Known for being on the board and working for her family’s company for almost 20 years, Jacqueline Mars stands on number 17 in the list of the richest people in the world and has an overall net worth of $ 27 billion! Having stepped down from her role as board member of Mars, Jacqueline is now on the board of several important institutions all over the world.

3. Laurene Powell Jobs 

Primarily known for launching the Emerson Collective (a platform that pushes social reform and helps work with environmental causes) and co founding College Tack (a platform that helps underprivileged students pursue higher education,) Laurene Powell Jobs stands on number five in this list. Apart from pushing for equality, liberty and freedom of speech, Laurene also owns 0.7 % shares of Apple and 4 % shares of Disney!

4. Kirsty Bertarelli

Moving from the United States to the richest women in the United Kingdom, Kirsty Bertarelli stands on the first position. Former Miss UK, Kirsty is perhaps one of the most famous singers and songwriters and has been particularly known for writing the lyrics to the hit Black Coffee for  the band All Saints.

5. Chan Liawa

Known for founding the really famous Fuwah International Group, Chan Laiwa is the richest female entrepreneur in China. Despite being born into royalty in 1941, Chan broke free from the shackles of her family and decided to do her own thing. The Fuwah International Group is one of the most famous real estate companies in China and Chan’s net worth stands at a whopping $ 5.5 billion.

6. Kylie Jenner 

A revolutionist in the business world, Kylie Jenner built a $ 900 million company with almost no employees or capital. Using social media to her advantage, this 21 year old started Kylie Cosmetics with the aim of creating a new range of cosmetics made available for everyone. Since the launch of the Cosmetics two years ago, the company has sold products close to $ 630 million on an average. Kylie’s personal net worth stands at a valuation of more than one billion!

Women are no longer in the back seat, taking control of the world one business at a time and making their presence felt by rising up the ladder of success.

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Sundar Pichai To Lead Alphabet Inc As New CEO

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Sundar Pichai is all set to lead Alphabet Inc., the multinational conglomerate parent company of Google. Pichai was the Chief Executive Officer (CEO) of Google since 2015 and now, he will also lead Alphabet Inc.

On the 3rd of December, Larry Page, the co founder of Alphabet Inc., stepped down as the CEO handing over the position to Sundar Pichai. Alphabet, which emerged in 2015 as a result of restructuring of Google, currently owns more than 12 companies, including Waymo, Malta, Makani, X Development, Calico, the healthcare software company Verily and others.

Larry Page and Sergey Brin, the co founders of Google, wrote a blog post speaking about their decision of moving out of the company, instating Sundar Pichai the CEO of Alphabet.

Larry Page showed his confidence in Sundar Pichai, who has been leading Google as the CEO since 2015. Page said, “We’ve never been ones to hold on to management roles when we think there’s a better way to run the company. And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet (sic.)”

Though Larry Page and Sergey Brin resigned from their respective posts of CEO and President, they would still remain on the Board of Directors of the Company.

Born and brought up in a middle class family in Madurai, Tamil Nadu, Sundar Pichai completed his education from IIT Kharagpur and Stanford University. Later, in 2004, Pichai joined Google marking the starting point of his successful career. Sundar Pichai gained success after creating and executing the Google Chrome project, which is now the world’s most used web browser.

In the letter, Larry Page and Sergey Brin addressed Sundar Pichai praising his efforts, abilities and contribution to Google. “Sundar brings humility and a deep passion for technology to our users, partners and our employees every day,” they added.

The cofounders also mentioned Pichai worked for the growth and development of Google and Alphabet for 15 years, through the formation of Alphabet, as CEO of Google, and a member of the Alphabet Board of Directors.. They are confident Pichai would lead Google and Alphabet with great passion.

Speaking about the blog and the role, Sundar Pichai tweeted

Twitter users congratulated Sundar Pichai for becoming the CEO of Alphabet Inc. Hours after the big announcement, the shares of Alphabet Inc., rose by 0.64 % to 1,303 dollars.

From a small company in 1998 working out of a dorm room and a garage to a multinational conglomerate, the journey of Google and Alphabet has been incredible. Watch the biography of Larry Page on our YouTube Channel

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Wharton Graduate Eric Tse Becomes Billionaire At 24

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Eric Tse, a Wharton graduate, was gifted $ 3.8 billion by his parents in the form of 2.7 billion shares of his parents’ company, Sino Biopharmaceutical Limited.

It was also reported along with the gift, Eric Tse was also promoted to the position of executive director at Sino Biopharmaceutical, after working at the Company for 1 year.  As the executive director, Eric Tse will have a salary of $ 498,000 annually plus bonuses.

Now, Forbes lists Eric Tse as the 546th richest person in the world.  Moreover, Bloomberg also reported the shares transferred to Eric Tse are equivalent to 21.45 % of the Company’s share capital. 

Tse Ping, Eric’s father, founded the billion dollar company Sino Biopharmaceutical in 2000 and serves as the CEO of the Company.  Cheung Ling Cheng, Eric Tse’s mother, also serves as the Vice Chairperson of Sino Biopharmaceutical. Theresa, Eric’s older sister, who is currently the Company’s Chairperson, owns 11 % of the Company. 

According to a statement released by Sino Biopharmaceutical, the shares were transferred to Eric Tse in an effort to refine the management of the Company and the inheritance of the family wealth.  The statement also added the board of directors believe the transfer of shares will not have any material impact on the business operations of the Company.

Eric Tse, who majored in Finance at the Wharton School of the University of Pennsylvania, was also the co founder of the Penn Wharton China Summit.  The non profit organisation grew to become America’s largest student organized summit in China.

Despite the sudden increase in wealth, Tse expressed his wish of not wanting to participate in wealth ranking

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Huawei Unknown Facts

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Huawei is the world’s largest manufacturer of telecommunication equipment.  The Company was founded in 1987 by the 42 year old Ren Zhengfei.  Considered one of the world’s largest technology brands, Huawei was valued at $ 105.1 billion in 2018.  Here are a few unknown facts about this tech company.

Unknown facts about Huawei

1) Founder Ren Zhengfei came up with the name Huawei after coming across the phrase ‘Zhonghua youwei,’ which meant ‘China has promise.’ 

2) The name Huawei can be quite difficult for non Chinese people to pronounce.  Huawei is pronounced as ‘Waa wai,’ but Huawei’s pronunciation varies by countries.  This led the Company to launch a name recognition campaign, where they used “Wow way” to encourage a pronunciation closer to the actual one.

3) Huawei puts more focus on Research and Development (R and D,) with more than 40 % of the Company’s employees working in the R and D department. 

4) Huawei’s Ox Horn Campus is famous for its European style architecture.  Based in Guangdong, the R and D campus consists of 12 small ‘towns,’ modeled after famous European cities like Paris, Granada and Bruges.  The research buildings of every ‘town’ are a replica of popular castles, palaces and many more.

5) Huawei’s 5G tech played a big part in the world’s first remote brain surgery.  Dr. Ling Zhipei performed the brain surgery on a patient suffering from Parkinson’s disease.  The surgeon operated on the patient, who was 3,000 km away from him, by manipulating surgical instruments with the help of a computer and 5G network.  After the success, Dr. Zhipei credited Huawei’s 5G technology for ensuring a nearly real time operation.

6) In the tech industry, Apple is considered a direct rival of Huawei.  However, this rivalry did not stop Huawei founder and CEO Ren Zhengfei from using Apple products.  Zhengfei considers Apple’s iPhone the best phone in the world and revealed his family prefers Apple’s products over Huawei’s.

 

Did you find any of these unknown facts interesting?  Comment below and let us know.

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