C.R.E.A.M. – 2014′s Top 10 Billionaires With Most Cash On Hand

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This group of billionaires is redefining “Cash is King” in cash allocation to their portfolio. Who loves cash the most? See Russians, again. They love their cash and comprise half of the list. Bill Gates is a surprise on this year’s list holding as much cash as the next four on the list combined. Despite a horrible interest rate environment for cash with real interest rates being virtually negative around the world this group believes their is value in keeping their powder dry.

1. Bill Gates
Cash On Hand: $46.8 Billion
Cash As A Percentage of Portfolio: 53.6%
The world’s wealthiest billionaire is the king of cash among the top 100 billionaires in the world. His cash alone would make him the world’s seventh richest man.

2. Ernesto Bertarelli
Cash On Hand: $13.5 Billion
Cash As A Percentage of Portfolio: 90%
A Switzerland citizen who attributes the majority of his wealth to a drug manufacturer he and his sister inherited, and then sold to Merck.

3. Hans Rausing
Cash On Hand: $12 Billion
Cash As A Percentage of Portfolio: 96%
The cash king in terms of portfolio percentage inherited his 50% stake of the world’s largest maker of juice and milk cartons over three decades ago. Sold his stake in 2013 and now raises deer in Britain.

4. Mikhail Prokhorov
Cash On Hand: $10.1 Billion
Cash As A Percentage of Portfolio: 80.8%
Prokhorov holds a sizeable stake in the world’s largest aluminum producer and an eighty percent stake in the America’s Brooklyn Nets basketball franchise.

5. Michael Dell
Cash On Hand: $9.5 Billion
Cash As A Percentage of Portfolio: 55.9%
The man whose company started in his college dorm room has seen his company recently go from one of America’s largest public company back to being privately held.

6. Roman Abramovich
Cash On Hand: $8.7 Billion
Cash As A Percentage of Portfolio: 63%
Russia’s third wealthiest man owns a stake in the world’s largest nickel producer.

7. Mikhail Fridman
Cash On Hand: $8.6 Billion
Cash As A Percentage of Portfolio: 63.2%
Fridman has control of Russia’s largest closely held bank and second biggest food retailer.

8. Alisher Usmanov
Cash On Hand: $7.3 Billion
Cash As A Percentage of Portfolio: 48.3%
Arguably Russia’s technology finance guru. Has ownership stakes in Twitter, AirBnB, and Spotify. He invested in Facebook before ever meeting Mark Zuckerberg.

9. Viktor Vekselberg
Cash On Hand: $7.2 Billion
Cash As A Percentage of Portfolio: 50%
He controls Russia’s largest power supply company.

10. Phil Knight
Cash On Hand: $6.2 Billion
Cash As A Percentage of Portfolio: 27%
Mr. Just Do It, also known as the owner of Nike and sometimes labeled eccentric billionaire. Still pays Michael Jordan $60 million annually in royalties for Nike’s ownership of the Jordan brand that brings in revenues north of $500 million for the company.

Source: Bloomberg Billionaire Index

 

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HBCU Money™ Business Book Feature – Pichon: Race and Revolution in Castro’s Cuba: A Memoir

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Revolutionary black nationalist Carlos Moore breaks three decades of silence to challenge Castro’s legacy in this controversial, behind-the-scenes memoir that explores the Revolution from a perspective of a pichón, the racist Cuban term for a black of Haitian or West Indian descent. After more than thirty years in exile, continually under the threat of retribution from the Cuban regime, Moore steps forward to reveal the truth: Fidel’s Revolution was a success for white Marxists. But for Cuban blacks, the Revolution was basically business as usual, a cover-up of their ongoing struggle for racial, political, and social enfranchisement. Fidel Castro and his men rose from the ranks of the patriarchal, white Spanish-Cuban elite, and the Revolution did not weaken those ties.

HBCU Money™ Dozen 11/17 – 11/21

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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

Embrace: The smartwatch that detects the skin’s electricity to predict a seizure l New Scientist ow.ly/EFWAb

Artificial stars and shape-shifting mirrors take the twinkle out of the stars l New Scientist ow.ly/EFWNM

1 month to apply for Children’s Environmental Health & Disease Prevention Research l US EPA go.usa.gov/vkvz

New Benchmark Puts Nvidia and Apple Mobile Chips Ahead of Intel’s Atom l CIOonline trib.al/lm5qJhP

From farm girl in a small Chinese village to theoretical physicist and supercomputer specialist l Brookhaven 1.usa.gov/1xbw15v

7 great MOOCs for techies — all free, starting soon! l CIOonline trib.al/3UqDGCy

Federal Reserve, Central Banks, & Financial Departments

Watch videos discussing the pros and cons of the gold standard l St. Louis Fed bit.ly/1zubVcE

3 ways to organise your way to innovation l World Economic Forum wef.ch/1zJxi7h

10 decisions that could block your success l World Economic Forum wef.ch/1xxZAlU

Fewer richer households, more poorer households have negative equity in their homes l St. Louis Fed bit.ly/1t452Xs

The challenge of collecting data on Ebola l World Economic Forum wef.ch/1F9P1HQ

Curious about how payday loans work and who uses them? l St. Louis Fed bit.ly/1vqKdwy

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ November 21, 2014

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $8.90 (0.00% UNCH)

M&F Bancorp (MFBP) $5.30 (0.00% UNCH)

Radio One (ROIA) $1.85 (7.56% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  240.38 (0.29% UP)

Botswana Stock Exchange (BSE)  9 515.64 (0.31% UP)

Ghana Stock Exchange (GSE)  2 284.97 (6.52% UP)*

Nairobi Stock Exchange (NSE)  162.06 (N/A)

Johannesburg Stock Exchange (JSE) 50 855.09 (0.02% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 11 004.00 (0.60% UP)

London Stock Exchange (LSE)  3 599.11 (0.98% UP)

Tokyo Stock Exchange (TOPIX)  1 400.18 (0.18% UP)

Commodities

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Unemployment Rate By HBCU State – September 2014

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NUMBER OF STATES WITH RISING UNEMPLOYMENT: 4

NUMBER OF STATES WITH DECLINING UNEMPLOYMENT: 17

NUMBER OF STATES WITH UNCHANGED UNEMPLOYMENT: 3

LOWEST: OKLAHOMA – 4.7%

HIGHEST – GEORGIA – 7.9%

ALABAMA –  6.6% (6.9%)

ARKANSAS – 6.2% (6.3%)

CALIFORNIA – 7.3% (7.4%)

DELAWARE – 6.5% (6.5%)

DISTRICT OF COLUMBIA – 7.7% (7.6%)

FLORIDA – 6.1% (6.3%)

GEORGIA – 7.9% (8.1%)

ILLINOIS – 6.6% (6.7%)

KENTUCKY – 6.7% (7.1%)

LOUISIANA – 6.0% (5.8%)

MARYLAND – 6.3% (6.4%)

MASSACHUSETTS – 6.0% (5.8%)

MICHIGAN – 7.2% (7.4%)

MISSISSIPPI – 7.7% (7.9%)

MISSOURI –  6.3% (6.3%)

NEW YORK – 6.2% (6.4%)

NORTH CAROLINA – 6.7% (6.8%)

OHIO – 5.6% (5.7%)

OKLAHOMA – 4.7% (4.7%)

PENNSYLVANIA – 5.7% (5.8%)

SOUTH CAROLINA – 6.6% (6.4%)

TENNESSEE – 7.3% (7.4%)

TEXAS – 5.2% (5.3%)

VIRGINIA – 5.5% (5.6%)

Previous month in parentheses.

HBCU Money™ Business Book Feature – Death in a Promised Land: The Tulsa Race Riot of 1921

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When a crows began to gather outside the jail in Tulsa, Oklahoma, on the evening of May 31, 1921., the fate of one of its prisoners, a young black male, seemed assured. Accused of attempting to rape a white woman, Dick Rowland was with little doubt about to be lynched.

But in another part of town, a small group of black men, many of them World War I veterans, decided to risk lives for a different vision of justice. Before it was all over, Tulsa had erupted into one of America’s worst racial nightmares, leaving scores dead and hundreds of homes and businesses destroyed.

Exhaustively researched, ‘Death in a Promised Land’ is compelling story of racial ideologies, southwestern politics, and yellow journalism, and of an embattled black community’s struggle to hold onto its land and freedom. More than just the chronicle of one of the nation’s most devastating race riots, this critically acclaimed study of American race relations is, above all, a gripping story of terror and lawlessness, and of courage, hedonism, and human perserverance.

HBCU Money™ Dozen 11/10 – 11/14

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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

Top 10 tech conspiracy theories of all time l Infoworld http://ow.ly/EdKYh

The race is on to get comet data before Philae dies l New Scientist http://ow.ly/EdLtZ

Dragging dark matter out of the shadows l New Scientist http://ow.ly/E7Qbe

Bees talk by dancing, and when sleep deprived their moves get super clumsy l Wired Science hwrd.cm/112ZWUM

Mastering the Business Basics of Online Reputation Management l CIOonline http://ow.ly/EdNj7

Room to grow: Tips for data center capacity planning l Computerworld http://ow.ly/EdR0E

Federal Reserve, Central Banks, & Financial Departments

Would we be better off without email? l World Economic Forum http://wef.ch/1wXj1nL

Teachers, see our lesson plan on financial preparedness in Katrinas classroom l Atlanta Fed http://goo.gl/IsGju4

78% of the world’s poor live in rural areas & work mainly in farming? l World Bank http://wrld.bg/EaBrI

How bank bonuses affect profits and risk l World Economic Forum http://wef.ch/1EyxwPb

President Dudley on U.S. Monetary Policy and its Global Implications l NY Fed http://nyfed.org/1wX1UCA

What demand, supply and the dollar have to do with the recent drop in oil prices l Blackrock bit.ly/1sJa4cs

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.