what is Teodoro Obiang Nguema Mbasogo net worth?
|Net worth||$600 million|
|Occupation||president of Equatorial Guinea|
|Date of Birth||5 June 1942|
Teodoro Obiang Nguema Mbasogo net worth 2021: Teodoro Obiang Nguema Mbasogo is an Equatoguinean politician who has been the 2nd president of Equatorial Guinea since August 1979. He currently has a net worth of $600 million makin g him one of the richest presidents in the Africa and the world at large.
From a family of the Esangui ethnic clan, he was born in the town of Acoacán belonging to the colony of Spanish Guinea, on the current border with Gabon, within the Continental Equatorial Guinea. Son of the Gabonese Santiago Nguema Eneme Obama and María Mbasogo Ngui, Obiang was the third of ten brothers, among whom are also the National Security Delegate Armengol Ondo Nguema and former National Defense Minister Antonio Mba Nguema.
Obiang’s parents emigrated from Gabon to avoid paying capitation taxes and take advantage of the good economic situation in Spanish Guinea. After the death of María Mbasogo Ngui, Obiang and his brothers were raised by his father and his new wife Carmen Mikue Mbira.
Obiang completed his first studies at the Cardenal Cisneros School Group in Ebebiyin and at the La Salle Center in Bata where he obtained a degree in labor administration.
Obiang joined the military during Equatorial Guinea’s colonial period and attended the General Military Academy in Zaragoza, Spain. He achieved the rank of lieutenant after his uncle, Francisco Macías Nguema, was elected the country’s first president.
Under Macías, Obiang held various positions, including governor of Bioko and leader of the National Guard. He was also head of Black Beach Prison, notorious for severely torturing its inmates.
After Macías ordered the murders of several members of the family they shared, including Obiang’s brother, Obiang and others in Macías’ inner circle feared the president had become insane. Obiang overthrew his uncle on 3 August 1979 in a bloody coup d’état, and placed him on trial for his actions, including the genocide of the Bubi people, over the previous decade.
Macías was sentenced to death and executed by firing squad on 29 September 1979. A new Moroccan presidential guard was required to form the firing squad, because local soldiers feared his alleged magical powers.
Obiang declared that the new government would make a fresh start from Macías’ brutal and repressive régime. He granted amnesty to political prisoners, and ended the previous régime’s system of forced labor. However, he made virtually no mention of his own role in the atrocities committed under his uncle’s rule.
The country nominally returned to civilian rule in 1982, with the enactment of a slightly less authoritarian constitution. At the same time, Obiang was elected to a seven-year term as president; he was the only candidate. He was reelected in 1989, again as the only candidate.
After other parties were nominally allowed to organize in 1992, he was reelected in 1996 and 2002 with 98 percent of the vote in elections condemned as fraudulent by international observers.
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In 2002, for instance, at least one voting district was recorded as giving Obiang 103 percent of the vote.
He was reelected for a fourth term in 2009 with 97% of the vote, again amid accusations of voter fraud and intimidation, beating opposition leader Plácido Micó Abogo.
Teodoro Obiang Nguema Mbasogo Net Worth
Teodoro Obiang Nguema Mbasogo net worth is $600 million according to Forbes. However, his wealth has not been without questions.
In 2003, Obiang told his citizenry that he felt compelled to take full control of the national treasury in order to prevent civil servants from being tempted to engage in corrupt practices.
Obiang then deposited more than half a billion dollars into more than sixty accounts controlled by himself and his family at Riggs Bank in Washington, D.C., leading a U.S. federal court to fine the bank $16 million for allowing him to do so. A United States Senate investigation in 2004 found that the Washington-based Riggs Bank had taken $300 million in payments on behalf of Obiang from Exxon Mobil and Hess Corporation.
Beginning in 2007, Obiang and several other African state leaders came under investigation for corruption and fraudulent use of funds. He was suspected of using public funds to finance private mansions and other luxuries for both himself and his family.
He and his son, in particular, owned several properties and supercars in France. Several complaints were also filed in US courts against Obiang’s son. Attorneys stressed that the funds appropriated by the Obiangs were taken quite legally under Equatoguinean laws, even though those laws might not agree with international standards.
Obiang, his cabinet and his family allegedly have received billions in undisclosed oil revenue each year from the nation’s oil production. Marathon Oil purchased land from Abayak, Obiang’s personal investment vehicle, for more than $2 million; in June 2004 the sale was pending but Marathon had already made a $611,000 first payment with a check made out to Obiang. Marathon also was involved in a joint venture to operate two gas plants with GEOGAM, a quasi-state firm in which Abayak controlled a 75% stake.
Rich Lesser Net Worth
What is Rich Lesser net worth ?
Rich Lesser net worth: Richard “Rich” Lesser is an American businessman who has served as the CEO of American global management consultancy the Boston Consulting Group (BCG).
Early life and education
Lesser grew up in Pittsburgh, Pennsylvania during the 1970s, a time of economic hardship for the city due to the implosion of the steel industry at the time.
He holds an MBA from Harvard Business School, where he was a Baker Scholar, and a bachelor’s degree in Chemical Engineering, summa com Laude, from the University of Michigan.
Lesser started his career as a process development engineer and group leader at Procter & Gamble. In 1988, Lesser joined BCG as a consultant. He served as the head of the New York Metro office system from 2000 to 2009, and as BCG’s Chairman for North and South America from 2009 to 2012.
He was elected to the firm’s Executive Committee in 2006. Since joining BCG in 1988, Lesser’s client work has focused on strategy, operations, leadership, and large-scale transformation. It is claimed he played a pivotal role in helping BCG become the only global management consulting firm to grow strongly through the 2008 recession.
In May 2012, he was named the successor of Hans-Paul Bürkner as the Global Chief Executive Officer of Boston Consulting Group.
Under his leadership, BCG has continued its strong global growth across all regions an practices, fueled by investments in new offices, digital and analytics, and capabilities to drive innovation and transformation.
Lesser oversaw the launch of BCG Digital Ventures, a builder and accelerator of digital businesses; BCG Gamma, an analytics and machine-learning team; and BCG TURN, a turnaround, restructuring, and transformation unit and more recently, the Center for Climate Action.
In October 2018, Lesser began a third three-year term as CEO of Boston Consulting Group
Lesser also serves as chief advisor to the World Economic Forums’s (WEF) Alliance of CEO Climate Leaders, is on the Board of Directors of the Business Roundtable, and is a member of the WEF’s International Business Council.
He has accelerated BCG’s strong investments in social impact through its many partnerships, including the World Food Programme, Save the Children, and the World Wildlife Fund.
In December 2016, Lesser joined a business forum assembled by then-president-elect Donald Trump to provide strategic and policy advice on economic issues.
Rich Lesser Net Worth
According to Forbes, BCG is worth $8.5 billion. Founded in 1963, BCG (Boston Consulting Group) is a global management-consulting firm. BCG helps corporations and other organizations innovate and achieve sustainable competitive advantage.
Andrew Mackenzie Net Worth
What is Andrew Mackenzie net worth ?
|Net worth||$37 million|
|Name||Sir Andrew Stewart Mackenzie|
|Date of birth||20 December 1956|
|Occupation||Former CEO of BHP Billiton|
Andrew Mackenzie net worth: Sir Andrew Stewart Mackenzie is a Scottish businessman, and a former CEO of BHP Billiton, the world’s largest mining company. Keep reading to find more information about him here.
Andrew Stewart Mackenzie was born in December 1956, grew up in Kirkintilloch, Scotland, and was educated at the University of St Andrews where he graduated with a first class bachelor’s degree in geology in 1977. He went on to study at the University of Bristol where he was awarded a PhD in organic chemistry in 1981.
Mackenzie was a postdoctoral research fellow with the British Geological Society. He was a Humboldt fellow and worked at the Nuclear Research Centre in Jülich, Germany. He published over 50 research papers as a scientist.
In 1983, Mackenzie joined BP’s research division. He worked his way to BP Finance, and then as head of capital markets. After 22 years at BP, he left as group vice-president of petrochemicals.
In April 2004, Mackenzie joined Rio Tinto as chief executive of the industrial minerals division. In June 2007, he served as the chief executive officer, diamonds & minerals.
He served as trustee of a think tank, Demos from 2005 until June 2008.
Mackenzie was poached from Rio Tinto in 2007 by then CEO of BHP Billiton Marius Kloppers, ahead of a failed takeover bid of Rio Tinto.
Mackenzie became the chief executive of non-ferrous in BHP Billiton in November 2008. He succeeded Marius Kloppers as the CEO of BHP Billiton in May 2013. In 2014, he was paid $7,123,000 in total compensation.
Australia mining head Mike Henry succeeded Mackenzie as BHP CEO on 1 January 2020.
In March 2021, Mackenzie was tapped to replace Chad Holliday as chairman of Royal Dutch Shell starting May 2021.
Andrew Mackenzie Net Worth
Andrew Mackenzie net worth: He owns shares worth $37 million.
Andrew Mackenzie is one of the world’s most influential applied earth scientists. He made seminal contributions to geochemistry in his early career, especially in relation to the formation of oil. For most of his career he has been a leader in the energy and mining industries working within BP, Rio Tinto and most recently in BHP Billiton.
He has made major innovations in both technical and business arenas within these companies, and is pre-eminent as an earth scientist in the commercial world. He has recently been appointed CEO of BHP Billiton.
Mackenzie was knighted in the 2020 Birthday Honours for services to business, science, technology and UK/Australia relations.
Stephen Schwarzman Net Worth
What is Stephen Schwarzman Net Worth?
|Net worth||$28 billion|
|Name||Stephen Allen Schwarzman|
|Date of birth||February 14, 1947|
|Occupation||Investor, Businessman and Philanthropist|
Stephen Schwarzman Net Worth 2021: Stephen Allen Schwarzman is an American businessman, investor, and philanthropist. He is the chairman and CEO of The Blackstone Group
Early life and education
Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman.
Schwarzman attended the Abington School District in suburban Philadelphia and graduated from Abington Senior High School in 1965. He attended Yale University.
After graduating in 1969, he briefly served in the U.S. Army Reserve before attending Harvard Business School, where he graduated in 1972.
Schwarzman’s first job in financial services was with Donaldson, Lufkin & Jenrette, an investment bank that merged with Credit Suisse in 2000. After business school, Schwarzman worked at the investment bank Lehman Brothers, became a managing director at age 31, and then head of global mergers and acquisitions.
In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions.
Blackstone would branch into business acquisition, real estate, direct lending, alternative assets, and now has some $500 billion in assets under management.
When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006. He ultimately received $684 million for the part of his Blackstone stake he sold in the IPO, keeping a stake then worth $9.1 billion
Stephen Schwarzman Net Worth
Stephen Schwarzman net worth is $28 billion. Aside being a very successful investor, Schwarzman has been an adjunct professor at the Yale School of Management and was chairman of the board of trustees of the John F. Kennedy Center for the Performing Arts from 2004 to 2010.
In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, “which draws from his experiences in business, philanthropy and public service.” His book became a New York Times Best Seller.
He lives in a duplex apartment at 740 Park Avenue previously owned by John D. Rockefeller Jr. Schwarzman purchased the apartment from Saul Steinberg. He spent millions of dollars on both his sixtieth and seventieth birthday parties.
Mr. Schwarzman is an active philanthropist with a history of supporting education, as well as culture and the arts, among other things. In 2020, he signed The Giving Pledge, committing to give the majority of his wealth to philanthropic causes. In both business and philanthropy, Mr. Schwarzman has dedicated himself to tackling big problems with transformative solutions. In June 2019, he donated £150 million to the University of Oxford to help redefine the study of the humanities for the 21st century.
Schwarzman married his first wife Ellen Philips in 1971, a trustee of Northwestern University and the Mount Sinai Medical Center, and they divorced in 1990. They have three children together, including film producer Teddy Schwarzman and writer and podcaster Zibby Owens.
Read Jes Staley net worth
Schwarzman married his second wife Christine Hearst in 1995, an intellectual property lawyer who grew up on Long Island, New York. She has one child from a previous marriage.
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