Maria franca fissolo biography of abraham
Forbes World's Billionaires
Forbes World's Billionaires
April 2, (4/2/24)
Bernard Arnault & family
$B
● Bernard Arnault oversees the LVMH empire of 75 fashion and cosmetics brands,
including Louis Vuitton and Sephora.
● LVMH acquired American jeweler Tiffany & Co. in for $ billion, believed to
be the biggest luxury brand acquisition ever.
● Arnault's holding company Agache backs venture capital firm Aglaé Ventures, which
has investments in businesses such as Netflix and TikTok parent company
ByteDance.
● His father made a small fortune in construction; Arnault got his start by putting up $15
million from that business to buy Christian Dior in
● Arnault's five children all work at LVMH; in July , he proposed a reorganization
of his holding company Agache to give them equal stakes.
Elon Musk
$B
● Elon Musk cofounded six companies, including electric car maker Tesla, rocket
producer SpaceX and tunneling startup Boring Company.
● He owns about 12% of Tesla excluding options, but has pledged more than half his
shares as collateral for personal loans of up to $ billion.
● In early , a Delaware judge voided Musk's deal to receive options equaling
an additional 9% of Tesla. Forbes has discounted the options by 50% pending Musk's
appeal.
● SpaceX, founded in , is worth nearly $ billion after a December tender
offer of up to $ million; SpaceX stock has quintupled its value in four years.
● Musk bought Twitter in for $44 billion, after later trying to back out of the deal.
He owns an estimated 74% of the company, now called X.
● Forbes estimates that Musk's stake in X is now worth nearly 70% less than he paid
for it based on investor Fidelity's valuation of the company as of December
Jeff Bezos
$B
● Jeff Bezos founded e-commerce giant Amazon in out of his Seattle garage.
● Bezos stepped down as CEO to become executive chairman in He owns a bit
less than 10% of the company.
● He and his wife MacKenzie divorced in after 25 years
The World’s Richest People (Top Billionaires, )
S. Daniel Abraham
Sim Daniel Abraham is an American businessman, investor, and philanthropist. He is the founder of Thompson Medical, whose main product is Slim-Fast, a diet program. He has endowed the S. Daniel Abraham Center for Middle East Peace and he supports Jewish causes in Florida and Israel.
S. Daniel Abraham founded Slim-Fast in Sales exploded in the late s when former LA Dodgers manager Tommy Lasorda became its spokesman.
Abraham sold the weight loss and meal substitute company to Unilever for $ billion in cash in
Since then, he&#;s largely taken a risk-averse approach to investing.
In , Unilever sold the majority of Slim-Fast to Texas private equity firm Kainos Capital for an undisclosed sum.
Abraham donated $3 million to Hillary Clinton&#;s failed presidential run.
S Daniel AbrahamS Daniel Abraham Center for Middle East Peace
Maria Franca Fissolo
Maria Franca Fissolo is an Italian billionaire, the widow of Michele Ferrero, and the owner of Ferrero SpA, Europe&#;s second-largest confectionery company.
Maria Franca Fissolo is the widow of Michele Ferrero, who built Ferrero Group into one of the world&#;s leading sweets companies.
The firm is best known for its iconic Nutella chocolate-hazelnut spread, Kinder chocolates and Tic Tac mints.
Michele Ferrero died in February , leaving the majority of the business to his and Maria&#;s son Giovanni, who now chairs the company.
Giovanni and his brother, Pietro, had previously served as co-chief executives, until Pietro died in a biking accident in
Giovanni stepped down as CEO in Maria, who lives in Monaco, is not actively involved in the business.
Maria Franca Fissolo