She is from russia. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. The country music star and his wife Elizabeth own the third most-valuable home in Santa Fe, assessed at $12.3 million. 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. City Housing and Community Development Division Director Kathy McCormick agrees. Aleem Hasham Many names on this list are global players whose business decisions can change the course of nations. Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. Nancy Blaugrund* You can also email specific staff members from our contact page. However, the firm also works with high-net-worth individuals, pension and profit-sharing plans, charitable organizations, state and municipal governments and businesses. It was "the single worst investment of my career," Rainwater told BusinessWeek last year. Thornburg bought in bulk home loans made by other companies to the most creditworthy borrowers, and sold those loans as securities. Your email address will not be published. Linda Love Last summer, Thornburg traveled to Washington, DC and met with Federal Reserve Chairman Ben Bernanke, Treasury Department officials and staff for US Sens. Brenda Howard* Cohan explains how Thornburg Mortgage funded its operations "most often by obtaining short-term, often overnight, borrowings" backed by the mortgages it held. The disadvantage is that REITs must pay out 90 percent of profits to shareholders. "That's how these credit bubbles work. $$$ Miller famously beat the stock market for 15 years running with his Baltimore-based mutual fund, the Legg Mason Value Trust. We believe [the suit] has no merit," Thornburg Investment Management spokesman Miller says. As rise-and-fall stories go, Thornburgs is neither the biggest nor the most shocking. Last week, after 14 years of growth and two years on life support, Thornburg Mortgage announced its bankruptcy. "I get on my knees and bow to her every other day," Chicaferro, who now "lounges" in Scottsdale, Ariz., says. $$ish 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. 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 recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. The doors throughout the dwelling are equipped with hardware as hefty and as elaborately detailed as that on medieval town gates. Here's Who Inherited Katharine Hepburn's Money After She Died That year, investors including Goldman Sachs paid $3.4 billion for the company Knutson had led since 1969. In 2006, he and wife Margarita sued their high-end decorators after getting billed for items theyd rejected. Cyril Ramaphosa. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. $1 Million - $5 Million. Thornburg Investment Management and Thornburg Securities had paid $115,000 in gross receipts taxes over two prior years. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. She served as Chair, Trustee and Governor of The Childrens Miracle Hospitals Board (Salt Lake City, Utah) which is a Foundation that raises Diane Fisher served as Senior Vice President and General Counsel for Presbyterian Healthcare Services. Albin also owns a 2006 Cessna Citation business jet. Leslie Nathanson Juris Ultimately, Jirby would keep sale proceeds from the home, the art and physical custody of their son. Gene Hackman Learn more about the impact of NDI New Mexico. "Garrett always, always, always purchased only the best loans. 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. Everybody's happy on the way up because everybody seems to be making more money." EEE He expected to becomeand he dida big fish in a small pond. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. $$ Despite the fact that her net worth is public, she has not disclosed her salary or income in the media. The Great Recession has thrown at least 3,300 Santa Feans out of work since last August. The famous actress divorced billionaire CNN founder Ted Turner in 2001. Thornburg got a better deal than any ordinary homebuyer would be able to negotiate. After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. Jirby is not surprised Thornburg stayed in New Mexico. After many years in development, Dangotes fertilizer plant in Nigeria began operations in mid-2021. Ken DeBettignies* Biggs, the former chairman, president and CEO of one of the nations largest financial services companies, TIAA-CREF, must be on any list of Santa Fes wealthiest. RT @sir_yb: Abdul Samad Rabiu, the second wealthiest person in Nigeria, has surpassed South African billionaire, Nicky Oppenheimer in net worth, now ranking as the third richest individual in Africa with a net worth of over $8.6 billion. Bloomberg Billionaires Index - Nicky Oppenheimer With $222 million in assets, it is Santa Fes biggest by far. Kelcy Flanagan The Microsoft co-founder owns the $12.8 million Sol y Sombra house, formerly a Georgia OKeeffe estate. Peter Frank $$$ Their family invented Rice-A-Roni. Nicky Oppenheimer Net Worth: 4 Billion - As of April 2012 Source of Wealth: Mining, Diamonds The grandson of the founder of mining behemoth Anglo American, which now owns the world famous De Beers diamond group, Oppenheimer has benefitted from a surge in the company's share price. Steve Tolber*, Visit Our Dance StudiosThe Hiland Theater in Albuquerque & The Dance Barns in Santa Fe, CONTACT USEMPLOYMENTCALENDARFACILITY RENTALSMEDIA ROOMBOARD PORTAL, National Dance Institute of New Mexico is a 501(c)(3) not-for-profit organization and donations are tax-deductible. 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. The biggest gainer in percentage terms up 125% is Strive Masiyiwa of Zimbabwe, worth $2.7 billion (up from $1.2 billion last year). Thornburg didn't leave. Through his eponymous investment and mortgage companies, Thornburg became one of Santa Fes richest people. 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! She's been with the Oppenheim Group for three years, and it looks like she has done pretty well for herself, considering her net worth is $1 million. The House Thornburg Lost | | Santa Fe Reporter TEX $ish "If something was your own idea, it was very difficult to move it forwardI think Garrett probably had a push within himself to do things on his own." Their money comes from the Texas-based Burnett Oil and ranch empire. The Sanbusco Market Center owner is a Lensic board member; his father founded Schepps Brewing Company in Texas, which, when it was sold in 1997, was that states second largest wine and liquor distributor. TEX He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. In theory, the deal is a wash for the city. 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. Thornburg did, in 1990, to Juliana Feldman. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. In 1997, he bought low-producing gold mine shafts and later turned them profitable. Heres this guy, a Harvard Business School alumni: Why in the hell did he come to Santa Fe, New Mexico to start up an investment and real estate company? 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. In February 2008, the Swiss bank UBS reported an $11.3 billion loss based on US mortgages designated as "Alt-A." Catherine also answers to C Oppenheimer, Cathy J Oppenheimer and Catherine J Oppenheimer, and perhaps a couple of other names. Who Is Meaghan Oppenheimer, New Wife Of 'Lucifer' Star Tom Ellis? Evidently, he thought his companies, already worth millions, should pay even less. The stock fell rapidly. Branchs projects include the San Isidro Plazas 1 and 2, as well as the housing developments Cielo Azul and Colores del Sol. Let's see what we can negotiate. The mortgage crisis ruined Thornburg's balance sheetsand the country's. EIN number 85-0431846. It claims that by April 2007, Thornburg acknowledged "burgeoning concerns" with the Alt-A market but assured investors that their money was safe because Thornburg was "different. T Peter Townsend Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. In 2007, Santa Fe City Council minutes record Stertzers donation of mobile trailers to the city police department. Instead, he tried to make New Mexico work for him. "And basically, the only ones that really survived this were if you were a bank and had access to the federal funding." She danced competitively Emma began dancing in her formative years in Santa Fe, New Mexico at Dance for Joy and The Dance Feli Blea started their dance career at the age of 8 as part of New Child Players Production Tina Anderson is a Native New Mexican, born and raised in Santa Fe. Nobody laughed. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. Donate today to Friends of the Reporter. The 80-year-old former real estate developer and owner of Santa Fes Pinon Farm was buddies with former Pres. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. Stephen L Feinberg Eddie Gilbert Oppenheimer Asset Management works with a variety of client types. He made his first million at age 26 selling lace and distributing soft drinks. Kelcy has managed the Societys CPE program, including the scheduling of seminars and David Foster is a retired policy analyst, publishing industry veteran, and entrepreneur. 30 Apr 2023 21:08:34 Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. 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. Julie Bowdich Paul De Domenico The company is structured as a Real Estate Investment Trust. Klein serves on SITEs board. In 1996, Crosswinds pegged Peters for a $25 million man; intervening years saw a real estate boom followed by an ongoing bust. The New Mexican's headline when the City Council approved the bond: "Thornburg deal benefits schools." Skilled workers had to be lured. 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. (The ranch was originally assessed at $33.3 million, but Epsteins lawyers sued the county in 2001 and successfully shaved $84,000 a year from his property tax bill.) Richard L Bloch (When they divorced six years later, Juliana got a $600,000 settlement, the Lexus, a fur coat and the shar-pei.) He NDI New Mexico is an excellent example of an organization that holds itself to a high level of excellence. Thornburgs finances are Santa Fes problem. The quasi-public sector launched Thornburg to Bear Stearns, the recently deceased investment bank. During their separation, Thornburg paid Jirby $2,500 a month to care for herself and their son. Catherine Lozick - Forbes By 2004, the adopted Santa Fean was lionized as an odd Western wizard. He shares a $6.5 million home on Old Sunset Trail with his wife, Valerie, who serves on the board of the Cancer Institute Foundation. The feds may already have committed three times that much to bail out private financial institutions deemed too big to fail. Thornburg declined an interview. Simon H Stertzer Thornburgs new campus on Ridgetop Road was built thanks to property tax breaks for his companies. CELEBRITIES: You may have heard of them The Forbes Billionaires List: Africa's Richest People 2022 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. The companies pledged to "create 100-200 new permanent jobs." 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. She received her Sage is a life-long learner and lover of music. Letters will be edited for space and clarity. Jamai Blivin in Dance Summa Cum Laude at The Boston Conservatory at Berklee, Savanna teaches dance fitness classes all around Santa Fe, participated in NDI programs in her Born in Campinas, Brazil, Simone di Pietro began dancing at age of 10. Deborah Fritz* He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. EEE Peter Oppenheimer Net Worth | Celebrity Net Worth Wayne A Reaud Bill Jr. continues in that business, developing condos, office and luxury property in NYC, the Hamptons and Palm Beach, among other places. 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. Even the government doesnt know whos wealthiest. Thompson Jr.Garrett Thornburg. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Some list members grow richer or poorer within weeks or days of our measurement date. Prospective buyers beware. $$ E/C Val Diker Help didn't come. The bond deal behind it resembles a labyrinth. To value privately-held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. Donations are voluntary. Michael L Klein In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. The majority of Oppenheimer's fortune is derived from the proceeds he collected selling his family's 40% stake in De Beers, the world's largest rough diamond producer, to Anglo American for $5.2. W/C Net Worth in 2023. $$ish Tom Ford He runs OCI, one of the worlds largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam Exchange. The National Dance Institute, founded by Thornburgs wife, Catherine Oppenheimer, has assets of $22 million. EEE $ In the 1980s, Albin worked in the oil and gas division of monster investment bank Goldman Sachs. Peter Oppenheimer has a net worth of $200 million. The world's 12 wealthiest people got richer by $36 billion in a day - and have now gained $264 billion in net worth this year. Does the city have recourse? 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. "Thornburg Mortgage wasn't the only company out there that was leveraged," Chicaferro says. The post-war economy replaced family farms with shopping malls; Thornburg's generation would bury manufacturing under paperfinance, insurance and real estate. The new Thornburg campus, which opened this year, looks down over the city like a citadel. It hurts to have 130 people lose well-paying, financial-sector jobs. EEE "Maybe it was a disadvantage [for Garrett] to be in a small place like Santa Fe." she says. A difficult day, CEO Larry Goldstone called it. $$$ Supporting NDI New Mexico in our community benefits us all!, Joining our Corporate CouncilSponsoring Our GalaPromoting Giving in Their Business.