World Billionaires and Barack Obama’s Net Worth

Rank Name Net Worth Age Source Country of Citizenship
Carlos Slim Helu & family
$69 B 72 telecom Mexico
Bill Gates
$61 B 56 Microsoft United States
Warren Buffett
$44 B 81 Berkshire Hathaway United States
Bernard Arnault
$41 B 63 LVMH France
Amancio Ortega
$37.5 B 75 Zara Spain
Larry Ellison
$36 B 67 Oracle United States
Eike Batista
$30 B 55 mining, oil Brazil
Stefan Persson
$26 B 64 H&M Sweden
Li Ka-shing
$25.5 B 83 diversified Hong Kong
Karl Albrecht
$25.4 B 92 Aldi Germany
Christy Walton & family
$25.3 B 57 Wal-Mart United States
Charles Koch
$25 B 76 diversified United States
David Koch
$25 B 71 diversified United States
Sheldon Adelson
$24.9 B 78 casinos United States
Liliane Bettencourt
$24 B 89 L’Oreal France
Jim Walton
$23.7 B 64 Wal-Mart United States
Alice Walton
$23.3 B 62 Wal-Mart United States
S. Robson Walton
$23.1 B 68 Wal-Mart United States
Mukesh Ambani
$22.3 B 54 petrochemicals, oil & gas India
Michael Bloomberg
$22 B 70 Bloomberg LP United States
Lakshmi Mittal
$20.7 B 61 steel India
George Soros
$20 B 81 hedge funds United States
Michele Ferrero & family
$19 B 85 chocolates Italy
Sergey Brin
$18.7 B 38 Google United States
Larry Page
$18.7 B 39 Google United States
Jeff Bezos
$18.4 B 48 United States
Thomas & Raymond Kwok & family
$18.3 B 0 real estate Hong Kong
Alisher Usmanov
$18.1 B 58 steel, telecom, investments Russia
Prince Alwaleed Bin Talal Alsaud
$18 B 57 investments Saudi Arabia
Lee Shau Kee
$18 B 84 diversified Hong Kong
Georgina Rinehart
$18 B 58 Mining Australia
Berthold & Theo Jr. Albrecht
$17.8 B 0 Aldi, Trader Joe’s Germany
Iris Fontbona & family
$17.8 B 69 mining Chile
Michael Otto & family
$17.6 B 68 retail, real estate Germany
David Thomson & family
$17.5 B 54 media Canada
Mark Zuckerberg
$17.5 B 27 Facebook United States
Ricardo Salinas Pliego & family
$17.4 B 56 retail, media Mexico
Alberto Bailleres Gonzalez & family
$16.5 B 80 mining Mexico
Rinat Akhmetov
$16 B 45 steel, coal Ukraine
Cheng Yu-tung
$16 B 86 diversified Hong Kong
Michael Dell
$15.9 B 47 Dell United States
Vladimir Lisin
$15.9 B 55 steel, transport Russia
Azim Premji
$15.9 B 66 software India
Steve Ballmer
$15.7 B 56 Microsoft United States
Alexey Mordashov
$15.3 B 46 steel, investments Russia
Vladimir Potanin
$14.5 B 51 metals Russia
Phil Knight
$14.4 B 74 Nike United States
Paul Allen
$14.2 B 59 Microsoft, investments United States
German Larrea Mota Velasco & family
$14.2 B 58 mining Mexico
Carl Icahn
$14 B 76 leveraged buyouts United States
Birgit Rausing & family
$14 B 88 packaging Sweden
Forrest Mars Jr
$13.8 B 80 candy United States
Jacqueline Mars
$13.8 B 72 candy United States
John Mars
$13.8 B 75 candy United States
Joseph Safra
$13.8 B 73 banking Brazil
Vagit Alekperov
$13.5 B 61 Lukoil Russia
Mikhail Fridman
$13.4 B 47 oil, banking, telecom Russia
Mikhail Prokhorov
$13.2 B 46 investments Russia
Susanne Klatten
$13 B 49 BMW, pharmaceuticals Germany
Francois Pinault & family
$13 B 75 retail France
Mohammed Al Amoudi
$12.5 B 67 oil, diversified Saudi Arabia
Anne Cox Chambers
$12.5 B 92 media United States
John Paulson
$12.5 B 56 hedge funds United States
Robert Kuok
$12.4 B 88 diversified Malaysia
Luis Carlos Sarmiento
$12.4 B 79 banking Colombia
Viktor Vekselberg
$12.4 B 54 oil, metals Russia
Antonio Ermirio de Moraes & family
$12.2 B 83 diversified Brazil
Roman Abramovich
$12.1 B 45 steel, investments Russia
Donald Bren
$12 B 79 real estate United States
Jorge Paulo Lemann
$12 B 72 beer Brazil
Ronald Perelman
$12 B 69 leveraged buyouts United States
Len Blavatnik
$11.9 B 54 diversified United States
Leonid Mikhelson
$11.9 B 56 gas, chemicals Russia
Leonardo Del Vecchio
$11.5 B 76 eyewear Italy
John Fredriksen
$11.3 B 67 shipping Cyprus
Aliko Dangote
$11.2 B 54 sugar, flour, cement Nigeria
Stefan Quandt
$11.2 B 45 BMW Germany
Gerald Cavendish Grosvenor & family
$11 B 60 real estate United Kingdom
Harold Hamm
$11 B 66 oil & gas United States
Savitri Jindal & family
$10.9 B 62 steel India
Andrey Melnichenko
$10.8 B 40 coal, fertilizers Russia
James Simons
$10.7 B 73 hedge funds United States
Ernesto Bertarelli & family
$10.6 B 46 biotech, investments Switzerland
Jack Taylor & family
$10.4 B 89 Enterprise Rent-A-Car United States
Abigail Johnson
$10.3 B 50 Fidelity United States
Robin Li
$10.2 B 43 Technology China
Eliodoro, Bernardo & Patricia Matte
$10.2 B 0 paper Chile
Ray Dalio
$10 B 62 hedge funds United States
George Kaiser
$10 B 69 oil & gas, banking United States
Johanna Quandt
$10 B 85 BMW Germany
Hans Rausing
$10 B 86 packaging Sweden
Tadashi Yanai & family
$10 B 63 retail Japan
Serge Dassault & family
$9.9 B 86 aviation France
Ananda Krishnan
$9.9 B 73 telecoms Malaysia
Klaus-Michael Kuhne
$9.8 B 74 shipping Germany
Pallonji Mistry
$9.7 B 82 construction Ireland
Alejandro Santo Domingo Davila
$9.5 B 35 beer Colombia
Horst Paulmann & family
$9.3 B 77 retail Chile
Gennady Timchenko
$9.1 B 59 oil & gas Russia
Laurene Powell Jobs & family
$9 B 48 Apple, Disney United States


How much does Barack Obama make?
$10.5 Million
Barack Obama’s Annual Salary
$400 Thousand
Barack Obama is the former Senator from Illinois and the 44th President of the United States with an estimated net worth of $10.5 million. Obama served three terms in the Illinois Senate, and is the first African American President of the United States. Obama was born in Honolulu, Hawaii, and is a graduate of Columbia University and Harvard Law School. While at Harvard Law School, he was the president of the Harvard Law Review. During law school, Obama worked as a community organizer in Chicago. After graduation Obama worked as a civil rights attorney in Chicago. From 1992 to 2004 Obama taught constitutional law at the University of Chicago Law School. One of the events that brought him national attention was his keynote address at the Democratic National Convention in July 2004. Obama was elected as the 44th President of the United States in November 2008, and took office in January 2009.


Preamble the United States Constitution


We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.


(From We the People: Presidential Quotations and Milestone Documents by Day Williams.)

House Spanks Holder


House holds Holder in contempt over ‘Fast and Furious’ documents

The House on Thursday cited Attorney General Eric H. Holder Jr. for contempt of Congress in a historic vote weighted with political significance, though it does little to break the stalemate over his decision to withhold documents over the Justice Department’s actions in a botched gun-walking operation.

The 255-67 vote amounted to a political spanking for Mr. Holder and President Obama, and 17 Democrats joined with Republicans in demanding the documents be released. Most Democrats, however, walked out in protest of the vote.

It marks the first time an attorney general has been held in contempt by a chamber.

But the White House dismissed the proceedings as a sideshow, and the vote does nothing to break the impasse, though it further poisoned feelings in an already bitterly divided chamber.

“No Justice Department is above the law, and no Justice Department is above the Constitution,” said House Speaker John A. Boehner, Ohio Republican.

Democrats pleaded with the Republicans to slow down the proceedings, saying the oversight committee, led by Chairman Darrell Issa, California Republican, has done a shoddy job in putting together its investigation.

Rep. Sheila Jackson Lee, Texas Democrat, even introduced a resolution demanding that the House reprimand Mr. Issa for partisanship and accusing him of having “engaged in a witch hunt.”

Many Democrats walked out of the contempt vote in protest, and House Minority Leader Nancy Pelosi, California Democrat, said the vote was a black eye for the Republicans.

“Just when you think you have seen it all. Just when you think they couldn’t possibly go any further over the edge, they come up with something like this,” she said. “What is happening here is shameful.”

Democrats also tried to force the matter back into Mr. Issa’s committee, but the House defeated that motion.

As issue is the oversight committee’s investigation into Fast and Furious, an operation intended to track sales of U.S. guns and watch the guns be shipped across the border to a Mexican drug cartel, but the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) lost track of the roughly 2,000 weapons after they were sold.

Some of the guns eventually began showing up at crime scenes, including two that were recovered at the site of a 2010 Arizona shootout that left Border Patrol Agent Brian Terry dead.

Mr. Holder shut down the operation, but his efforts to clean up after it have come under scrutiny. The Justice Department initially told Congress it never knowingly lost track of guns, but after whistleblowers made it clear that this was false, Mr. Holder had to withdraw that claim.

The Justice Department has turned over documents about the actual gun-walking operation, but have refused to turn over documents about how it handled the false information it provided to Congress. Last week President Obama asserted executive privilege, arguing those documents are protected by precedent that governs internal deliberations.

Democrats said they aren’t defending the gun-walking operation, but said the committee should leave Mr. Holder alone.

A Plea for Justice

As a working solo attorney, I see many conscientious judges who strive to be fair. Unfortunately, I do see cases where judges bow to big firms and defer to anything a big firm lawyer tells them, no matter how far-fetched it is.

I plea for judges to earn their ample pay by reading my humble pleadings and the pleadings of my colleagues who may not belong to big law firms, even when we “small-time lawyers” come from out of town. Judges have sworn an oath of office. They are required to follow the law. “Law” means the statutes and the cases as applied to the facts presented. Judges are to ignore the personalities involved and the so-called “status” of the parties and their lawyers. I plea for judges to read, to listen, to think, to stay independent, to do justice and to earn their salaries and benefits.

Preamble to the United States Constitution


We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.


(From We the People: Presidential Quotations and Milestone Documents by Day Williams.)

Group files City Center petition

Thursday, June 28, 2012
4,559 signatures are submitted
By Geoff Dornan
Organizers demanding a vote to block the use of public money for the proposed City Center Project filed 4,559 signatures Wednesday with the Carson City Clerk-Recorder’s Office.

That is well over the 2,935 valid voters’ signatures needed to put the question on the November ballot, but Clerk-Recorder Alan Glover said that declaration won’t be official until he and his staff verify at least that many signatures of registered voters.

Organizers of the drive, led by attorney Day Williams, presented the signatures to Glover and Elections Division officials in two thick binders that they said totaled 672 pages.

Williams and Dennis Johnson said their best estimate is that 80 percent of those who signed the petitions oppose using public money to build the city’s portion of the $28 million project, dubbed the Knowledge + Discovery Center.

“That was my sense going door to door, and other people’s sense,” Williams said.

The group wants voters to have a chance to vote up or down on this proposition: “No public funding shall be used for the proposed Carson City Center Project (commonly known as the Nugget Economic Development Project or the Nugget Project) without a majority vote of the people approving such public funding.”

The members of the Petitioners’ Committee are Linda Barnett, Dennis E. Johnson, James Lee Bagwell, Clarence “Bud” Southard and Day R. Williams. Carson resident Fred Voltz gathered the most signatures for the committee. Former Carson City Mayor Marv Teixeira also gathered signatures.

Johnson said that while gathering signatures in recent weeks, and even until Wednesday, he was continually surprised by the number of people who aren’t even aware of the project and its potential impact on downtown.

The proposed project has been scaled down over the years from a sprawling $100 million business/retail/library/residential plan to its current iteration — an upgraded library (the K+D Center) and a large outdoor plaza. The Carson Nugget casino and the Mae Adams Foundation, named for the widow of former Nugget owner Hop Adams, have agreed to donate the land for the project, along with $5 million toward its cost.

Steve Neighbors, the casino chief and administrator of the trust, has commissioned a telephone poll in Carson City as a way to inform residents of his motives and hopes for the City Center. But the issue remains controversial, with opponents questioning the need for a new library and the proposed quarter-cent sales tax that would fund the city’s portion of the cost.

To get the “no public money without a vote” issue on the ballot, the group had to collect signatures totaling at least 15 percent of the total number of Carson residents who voted in the last general election. In all, 19,569 voted in the 2010 election, so the group needed at least 2,935 valid signatures.

Glover said the process now is to randomly sample 500 of those signatures to see whether they are, indeed, those of registered Carson City voters. If there are that many in the sample, the petition goes forward. If 90 percent of the signatures or more are valid, a full count may be necessary to decide. If the percentage of valid signers is below 90 percent, the petition drive fails.

Glover said that judging by what was submitted Wednesday, he is confident the group will get its question on the ballot.

Petitioners Barnett and Williams said they went through the signatures and verified every one against the list of Carson City’s registered voters.

“We have done our own verification with the voter lists,” Williams said.

Glover said the verification process would take a couple of days.

Good to remember and apply: The United States Bill of Rights

United States Bill of Rights
First Amendment – Establishment Clause, Free Exercise Clause; freedom of speech, of the press, and of assembly; right to petition
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
Second Amendment – Militia (United States), Sovereign state, Right to keep and bear arms.
A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.[5]
Third Amendment – Protection from quartering of troops.
No Soldier shall, in time of peace be quartered in any house, without the consent of the Owner, nor in time of war, but in a manner to be prescribed by law.
Fourth Amendment – Protection from unreasonable search and seizure.
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
Fifth Amendment – due process, double jeopardy, self-incrimination, eminent domain.
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offence to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.
Sixth Amendment – Trial by jury and rights of the accused; Confrontation Clause, speedy trial, public trial, right to counsel
In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the State and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the Assistance of Counsel for his defence.
Seventh Amendment – Civil trial by jury.
In suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by a jury, shall be otherwise re-examined in any court of the United States, than according to the rules of the common law.
Eighth Amendment – Prohibition of excessive bail and cruel and unusual punishment.
Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.
Ninth Amendment – Protection of rights not specifically enumerated in the Constitution.
The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.
Tenth Amendment – Powers of States and people.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

Nugget Project ballot question petition submitted to clerk

Nugget Project ballot question petition submitted to clerk


The people behind the petition effort to force the Carson City Center aka Nugget Project on the ballot submitted 4,559 signatures to the Carson City Clerk-Recorder’s office for verification this morning.

The group needs have have 2,935 signatures verified by the clerk to qualify the petition. Day Williams, an attorney who is part of the petitioners’ group, said they did their own verification check of the signatures against the voter rolls and are confident they have more than enough to qualify.

The question asks Carson City voters if they want the Nugget Project to be approved by a vote of the people.

Once verified, the petition question would then go to the Board of Supervisors, who can choose to enact the question as an ordinance. If they don’t, then it would automatically go on the ballot in November.

Last week, the supervisors approved their own ballot question for the Nugget Project, asking voters to approve a 1/4 cent sales tax increase to fund the $28 million effort to construct a knowledge and discovery center on land behind the Carson Nugget.

Sonia Taggart, who serves on the Carson City Library Foundation Board, said they would have to wait to see how the process of this ballot question petition plays out.

“We would prefer to see one question on the ballot so the people better understand it.” Taggart said. “People might get confused seeing both of these questions on the ballot at the same time.”

Pro-Life group lauds Long victory

Pro-life group lauds Long victory
News Notebook
June 26, 2012 – Chris Morris
The statements and press releases are flowing into my email inbox. Here’s what the Susan B. Anthony List Candidate Fund is saying about Wendy Long’s victory in the U.S. Senate primary:
“Wendy is a remarkable advocate for women and families and we are thrilled with tonight’s victory,” said Susan B. Anthony List Candidate Fund President Marjorie Dannenfelser. “Not only does she provide an ideal contrast to the pro-abortion leadership of Senator Gillibrand, Wendy is an accomplished leader in her own right. A mother and successful career woman who even went on to clerk for the Supreme Court, Wendy has the broad-based appeal that New York voters are looking for. “Like President Obama, Senator Gillibrand has revealed where her true loyalties lie. Since taking office in 2009, she has repeatedly abandoned women, young girls, and unborn children to stand with the abortion lobby. Leading up to November, we will continue to expose her radical record.”

Previously, the Susan B. Anthony List produced a web video exposing Senator Gillibrand’s loyalty to President Obama and the abortion lobby. In March, Wendy Long won a significant plurality of delegate votes at the New York State Republican Convention, winning 47 percent of the vote while her opponents each won 27 percent and 25 percent. Because Long also received the unanimous endorsement of the New York Conservative party, her name will appear twice on the ballot this November.

Colorado Fire Worsens–The President Should Be in Colorado

Colorado wildfires: Several fires explode across Front Range

POSTED:   06/26/2012 11:00:00 PM MDT
UPDATED:   06/27/2012 08:49:26 AM MDT

By Jeremy P. Meyer
The Denver Post

The Waldo Canyon fire roars through a neighborhood in the hills above Colorado Springs on Tuesday. An untold number of homes were destroyed. More photos of the Waldo Canyon Fire. (Helen H. Richardson, The Denver Post)

A three-day-old wildfire erupted with catastrophic fury Tuesday, ripping across the foothills neighborhoods of Colorado Springs, devouring an untold number of homes and sending tens of thousands fleeing to safety in what was shaping up as one of the biggest disasters in state history. “This is a firestorm of epic proportions,” said Colorado Springs Fire Chief Richard Brown. The Waldo Canyon fire in El Paso County — which had been growing in the forested hills on the city’s west side — blew into an inferno late in the afternoon, raging over a ridge toward densely populated neighborhoods.

An apocalyptic plume of smoke covered Colorado’s second-largest city as thousands of people forced to evacuate clogged Interstate

25 at rush hour trying to get to their homes or to get out of the way. 

By nightfall, roughly 32,000 people left their homes, chased out by the flames.

“We have homes burning right now,” El Paso County Sheriff Terry Maketa said shortly before 9 p.m.

The sheriff was among those forced from their homes by the fire.

“This is a very bad day,” said Colorado Springs Mayor Steve Bach.

As the fire continued to grow, all of northwest Colorado Springs was ordered evacuated, including the Air Force Academy.

“People are freaking out,” said Kathleen Tillman, who drove up I-25 from Pueblo to her house in northern Colorado Springs. “You are driving through smoke. It is completely pitch black, and there is tons of ash dropping on the road.”

At the same time the fire in Colorado Springs was erupting with a new fury, a lightning-sparked wildfire in Boulder blew up in the tinder-dry forest above the city. The Flagstaff fire grew in minutes to an estimated 228 acres and sent a smoke column over Boulder Valley. Twenty-six homes were evacuated, and residents of more than 2,000 homes in south Boulder were told to be ready to flee as the fire crept one ridge away from coming into the city.


Crews assembled at Fairview High School in case the wildfire burned into the city. 

“This is the structure-protection plan,” said Jeff Long, battalion chief for Boulder Fire Rescue. “We are staying here in case it takes a turn for the worse. As long as the city is threatened, we’ll be here.”

It is a scenario that firefighting officials have feared as the conditions continued to get worse over the past week.

Scorching temperatures have baked the Front Range for several days as thousands of firefighters on the ground and more than 100 planes and helicopters have been battling more than eight wildfires across the state.

Denver tied a record with its fifth straight day of temperatures of at least 100 degrees, and weather in the 90s is expected to continue for several days even as officials hoped that seasonal subtropical moisture would eventually creep into the region and bring much-needed rain.

While Colorado Springs and Boulder took over the headlines, crews working on the High Park fire west of Fort Collins was measured at 87,250 acres with still 55 percent containment. That fire, the most destructive in state history, has torched at least 257 homes, nine more than previously thought.

Conditions are dry throughout the state. Even a fire near Last Chance on the Eastern Plains blew up to 45,000 acres in just eight hours.

But as darkness arrived, it was clear that the biggest fight in the state was in Colorado Springs, where ghostly orange flames rose across the city’s western edge.

Gov. John Hickenlooper arrived in Colorado Springs late Tuesday.

“The bottom line is we’re just going to have to work through this — all of us,” Hickenlooper said. “We just flew over the fires. … It was like looking at a military invasion.”

Wind gusts of 65 mph and the hottest day on record for Colorado Springs — the high hit 101 degrees — proved to be an explosive combination for the Waldo Canyon fire, which until Tuesday had not touched a structure.

“I’ve seen a lot of fires, but I have never seen one move this quickly,” Sheriff Maketa said.

By early evening, the website for the Flying W Ranch, a Western-themed attraction west of Garden of the Gods, announced that it had “burned to the ground.”

“Please keep us in your thoughts and those whose homes are close to us,” an official of the Flying W Ranch said in an e-mail.

Denver Post staff writers Kurtis Lee, Tom McGhee, Erin Udell and the Boulder Daily Camera contributed to this report.

Read more:Colorado wildfires: Several fires explode across Front Range – The Denver Post
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