Introduction About China

Where is China Located ? China, officially the People's Republic of China, is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35 billion. Read more

Friday, May 31, 2013

Trekking to Nepal

Trekking to Nepal


Everest Trek

Posted: 31 May 2013 03:04 AM PDT

Everest Trek


German Larrea Mota Velasco & family

Posted: 30 May 2013 11:04 PM PDT

German Larrea Mota-Velasco and his family control 51% of Grupo Mexico, the country's largest mining corporation and one of the world's largest copper producers. The company has 13 operating mines as well as 10 under exploration in Mexico, Chile, and Peru. He also owns more than 5,000 kilometers of railroads, which stretch across 71% of Mexico. The media-shy copper king founded Grupo Impresa,

Georgina Rinehart 2013

Posted: 30 May 2013 11:03 PM PDT

Earning about a billion dollars a year from the iron ore and coal projects she owns in Australia, Rinehart's fortune of $17 billion makes her the richest person in the country and the No. 5 wealthiest woman in the world. In November, Rinehart, the consummate activist billionaire, self-published a book calling for Australian workers to accept wages comparable to $2-a-day African workers,

John Mars

Posted: 30 May 2013 11:02 PM PDT

John Mars and his siblings, Forrest Jr. and Jacqueline, are the third generation to own Mars, Inc. They inherited the company in 1999 when their father died. Mars is the largest candy company in the world, with $33 billion in (estimated) sales, thanks in part to its $23 billion acquisition of gum maker Wrigley's in 2008. The company was started by John's grandfather, Frank Mars, in 1911. His

Jacqueline Mars

Posted: 30 May 2013 11:01 PM PDT

Jacqueline Mars and her two brothers, John and Forrest Jr, are the third generation to own Mars, Inc. The siblings inherited the company in 1999 when their father died. Mars is the largest candy company in the world, with $33 billion in (estimated) sales, thanks in part to its $23 billion acquisition of gum maker Wrigley's in 2008. The company was founded in 1911 by her grandfather, Frank

Forrest Mars, Jr.

Posted: 30 May 2013 11:00 PM PDT

Forrest Mars Jr. and his siblings, John and Jacqueline, own $33 billion (estimated sales) Mars, the world's largest candy maker thanks in part to its $23 billion acquisition of Wrigley's in 2008. The company was founded in 1911 by his grandfather, Frank Mars, who made chocolates in his Tacoma, Washington kitchen. Father Forrest, Sr. joined the company in 1929 and together the two men

Iris Fontbona & family

Posted: 30 May 2013 10:59 PM PDT

Billionaire Andronico Luksic died of cancer in 2005, leaving his business empire in the care of his wife, Iris Fontbona, and his three sons: Jean-Paul, Andronico, and Guillermo Luksic. The Luksic family controls Antofagasta, one of the world's largest copper miners. The clan also holds a majority stake in Quinenco, a consumer packaging and beverage maker with interests in Banco de Chile, as

Alisher Usmanov

Posted: 30 May 2013 10:58 PM PDT

The richest man in Russia, Alisher Usmanov, has his fingers in many pots: he got rich in metals (iron and steel), but now has interests in everything from Silicon Valley start-ups to Russia's second largest cellphone operator, Megafon, to its largest business daily, Kommersant. He sold part of his stake in Facebook at the time of the 2012 IPO, pocketing $1.3 billion. He bought a controlling

Jorge Paulo Lemann

Posted: 30 May 2013 10:57 PM PDT

Jorge Paulo Lemann is Brazil's richest man thanks to his controlling stake in Anheuser-Busch InBev, the world's largest beer company. Together with his longtime partners and fellow billionaires Marcel Herrmann Telles and Carlos Alberto Sicupira, Lemann made headlines in early 2013, when their investment firm, 3G Capital, with offices in New York City and Rio de Janeiro, partnered with Warren

Alberto Bailleres Gonzalez & family

Posted: 30 May 2013 10:56 PM PDT

Alberto Bailleres Gonzalez owns a diversified empire controlled by his holding company, Grupo Bal. He chairs Mexico's second largest mining company, Industrias Penoles, one of the world's largest silver miners, which did not do so well in 2012 because of lagging metals prices. His other investments performed better, driving his fortune up by $1.7 billion. He controls department store chain

Theo Albrecht, Jr. & family

Posted: 30 May 2013 10:55 PM PDT

Theo Albrecht Jr. and the heirs of his brother, Berthold, inherited the German discount supermarket chain Aldi Nord and the U.S. discount grocery retailer, Trader Joe's. The two private chains, which together have more than 5,000 stores in 9 European countries and the U.S., pulled in an estimated $35 billion in revenues in 2011, up 2% from the prior year. Theo's brother Berthold died in

George Soros

Posted: 30 May 2013 10:54 PM PDT

Hedge fund legend George Soros is chairman of Soros Fund Management, the $24 billion firm that manages his personal fortune as well as the money belonging to his foundations, which support causes ranging from human rights to education and public health. He is not involved in day-to-day operations, which are overseen by Scott Bessent, Soros Fund Management's chief investment officer, but

Dieter Schwarz

Posted: 30 May 2013 10:53 PM PDT

Dieter Schwarz inherited discount retailer Lidl, which has $85 billion in revenues and is Germany's second biggest discounter behind Aldi. Schwarz regularly appeared on the Forbes Billionaires List in the 1990s but was taken off the list in 1999 after he demonstrated to Forbes that he had transferred his ownership of Lidl to a charitable foundation. He returns to the Billionaires' List this

Thomas & Raymond Kwok & family

Posted: 30 May 2013 10:53 PM PDT

Property tycoons Thomas and Raymond Kwok who run Sun Hung Kai Properties, a dominant player in Hong Kong's frothy real estate market, are set to appear in its biggest corruption trial later this year. In a scandal that rocked Hong Kong and the region, the duo were charged early last year for making $4 million in payments and loans to former chief secretary Rafael Hui Si-yan, in exchange for

Carl Icahn

Posted: 30 May 2013 10:52 PM PDT

Never one to back down from a fight, Carl Icahn started 2013 by locking horns with short-selling hedge fund trader Bill Ackman over nutritional supplement seller Herbalife. Icahn took a roughly 13% position in the company. In 2012, Icahn had one of the best returns in the investment world, making nearly $2 billion on good bets like CVR Energy and Hain Celestial group. Separately, shares of

Prince Alwaleed Bin Talal Alsaud

Posted: 30 May 2013 10:51 PM PDT

Prince Alwaleed bin Talal bills himself as the "world's foremost value investor." His Kingdom Holding Company, of which he owns 95% and which trades on the Saudi stock exchange, owns stakes in hotel management companies Four Seasons Hotels & Resorts, Movenpick Hotels & Resorts and Fairmont Raffles Holding, as well as hotel real estate such as the swanky Hotel George V in Paris and a stake in

David Thomson

Posted: 30 May 2013 10:50 PM PDT

David Thomson sits atop a media and publishing fortune built over several generations. He chairs the board of media and information firm Thomson Reuters, of which he and his family own 55%, and also chairs Canada's Globe and Mail newspaper. Together, he and his brother Peter, a rally car driver, sit atop Woodbridge, the Thomson family's private holding company, which owns the Thomson Reuters

Lee Shau Kee

Posted: 30 May 2013 10:49 PM PDT

The fortune of Lee Shau Kee, chairman of Henderson Land, got over a $2 billion boost as shares of his real estate developer rose in tandem with red-hot property prices in Hong Kong. Lee expects demand in the property market to continue rising this year, despite attempts by Hong Kong authorities to cool the market with higher property taxes for foreign buyers and mortgage restrictions. He

Michele Ferrero & family

Posted: 30 May 2013 10:48 PM PDT

Michele Ferrero, 86, is the patriarch of Italian chocolate dynasty Ferrero Group. He inherited the company from his father Pietro in the 1950s and turned it into one of the world's largest confectionery makers, whose brands include Ferrero Rocher hazelnut chocolates, Nutella and Tic Tac. It operates more than 70 affiliated companies, has 15 production plants and and employs nearly 22,000

Mukesh Ambani

Posted: 30 May 2013 10:47 PM PDT

Mukesh Ambani's fortune dropped $1 billion though he remains India's richest person and his Reliance Industries remains country's most valuable company. Reliance, along with its partner BP, will be investing $5 billion in KG-D6, the country's largest offshore gas field where output has sharply declined and which has been the subject of scrutiny by a federal auditor. Despite hectic lobbying

Sergey Brin

Posted: 30 May 2013 10:46 PM PDT

Google cofounder Sergey Brin is now director of special projects at the Mountain View, Calif. search giant, leaving his counterpart Larry Page to handle most day-to-day operations. Brin oversees Google's foray into hardware and futuristic endeavors like driverless cars and augmented reality spectacles known as Google Glass. Since debuting Glass in June 2012 at his company's developer

Tokyo Prepares for Once-in-200-Year Flood Forecast to Top Sandy

Posted: 30 May 2013 10:38 PM PDT

Tokyo, the world's most populated metropolis, is building defenses for a once-in-200-year flood that could dwarf the damage superstorm Sandy wrought on the U.S. East Coast. Enlarge image

‘Dark Knight’ Producer Legendary Reaches China Accord

Posted: 30 May 2013 10:37 PM PDT

Legendary Pictures Inc., co-producer of Warner Bros. releases including "The Dark Knight," agreed to make movies with China Film Co., gaining a foothold in the No. 2 film market while weighing its options in Hollywood. Legendary East, with operations in Beijing and Hong Kong, will work with China Film to develop movies for worldwide audiences over an initial

Boeing Stretched 787 Gets First Sale in Split With Airbus

Posted: 30 May 2013 10:36 PM PDT

Boeing Co (BA). won the first order for the stretched version of its 787 Dreamliner as Singapore Airlines Ltd. (SIA), Southeast Asia's biggest carrier, split a purchase of jets with Airbus SAS valued at $17 billion. Enlarge image

Jakarta Office Rents Surge as DHL, Toyota Invest: Southeast Asia

Posted: 30 May 2013 10:33 PM PDT

Office rents in Jakarta are surging at rates faster than the rest of the Asia-Pacific region, as demand from companies in Southeast Asia's biggest economy outpaces the supply of new buildings. Rents for the highest-quality offices in the Indonesian capital jumped 36 percent in the first quarter from a year earlier, driving a 30 percent increase in rents across all buildings, according to broker

Goldman Failed Deals Yield Bausch Merger Fee Advising Both Sides

Posted: 30 May 2013 10:30 PM PDT

Sometimes marriages that never happen are the best kind -- at least for Goldman Sachs Group Inc. (GS) In recent months the New York investment bank failed to put together three potential mergers in the health-care industry. Yet Goldman Sachs managed to pull a deal out of the wreckage -- Valeant Pharmaceuticals International Inc.'s $8.7 billion acquisition of

Thursday, May 30, 2013

Trekking to Nepal

Trekking to Nepal


Everest Trek

Posted: 30 May 2013 03:05 AM PDT

Everest Trek


Larry Page

Posted: 29 May 2013 09:56 PM PDT

Larry Page, Google's cofounder and CEO since April 2011, saw the company through the $50 billion revenue milestone in 2012. The stock rose nearly 30% in the past year, adding more than $4 billion to Page's net worth. With Google's desktop search business beginning to mature, Page is focusing more of his attention on mobile, an area which he called "uncharted territory" during the company's

Jeff Bezos

Posted: 29 May 2013 09:55 PM PDT

Jeff Bezos' Amazon.com is the world's largest internet retailer of any kind, reporting more than $61 billion in 2012 sales, up $13 billion from the previous year. A 40% surge in the price of the company's stock added $6.8 billion to Bezos' net worth over the past year. The Seattle company continues to separate from the pack on service and speed, adding 20 new shipment hubs in 2012. It just

Karl Albrecht

Posted: 29 May 2013 09:54 PM PDT

Karl Albrecht owns Aldi Sud, a giant German discount supermarket chain, with 4,600 stores in 9 countries, including 1,200 locations in 32 U.S. states. Revenues of the private company grew an estimated 9% in 2012 to $46.5 billion, according to analysts. Growth was strongest in Ireland and the UK. To keep costs low, Aldi stores do not accept credit cards. Karl and his late brother Theo began

S. Robson Walton

Posted: 29 May 2013 09:53 PM PDT

Wal-Mart heir S. Robson Walton, eldest son of visionary retailer Sam, has been the company's board chairman since 1992. Wal-Mart, founded by Sam and his brother James in 1962 in Rodgers, Ark., now has sales of $444 billion and employs 2.2 million people worldwide. Rob received more about $440 million in dividends in 2012. Before joining Wal-Mart, he was a partner with the law firm of Conner

Alice Walton

Posted: 29 May 2013 09:51 PM PDT

Wal-Mart heiress Alice Walton gave $1.7 million to a Washington D.C. charter schools initiative alongside fellow billionaires Bill Gates, Paul Allen and Steve Ballmer. The Walton family's most generous philanthropist, her ambitious Crystal Bridges Museum of American Art in Bentonville, Ark., opened in 2011 featuring works donated from her personal collection--which is valued in the hundreds

Sheldon Adelson

Posted: 29 May 2013 09:50 PM PDT

Sheldon Adelson, the owner of the Las Vegas Sands casino empire, was dealt a losing hand in the November election. The Republican donated at least $53 million to super PACs backing Mitt Romney and a slew of defeated congressional candidates. But his casinos continue to win: shares are up more than 20% since the summer, despite an ongoing Federal investigation alleging LVS violated the

Jim Walton

Posted: 29 May 2013 09:49 PM PDT

Wal-Mart heir Jim Walton's net worth breached $27 billion for the first time this year based on the company's strong stock performance. He is the youngest son of retail visionary Sam (d. 1992), who founded the massive retailer with his brother James, opening a single store in Rogers, Ark. in 1962. Wal-Mart now has sales of $444 billion and employs 2.2 million people worldwide. Jim received

Michael Bloomberg

Posted: 29 May 2013 09:48 PM PDT

Now well into his final term as New York's Mayor, Michael Bloomberg has a new mission for his post-political life: eradicating gun violence. He's emerged as a leading donor to pro-gun control causes and candidates. Many see the February victory of anti-gun candidate Robin Kelly in an Illinois congressional primary as a tipping point: Bloomberg spent some $2 million backing her through his

Stefan Persson

Posted: 29 May 2013 09:47 PM PDT

Chairman of global cheap chic apparel retailer Hennes & Mauritz Stefan Persson has lately been making news for his high profile real estate investments. He bought the village of Linkenholt in Hampshire, England in 2009. In March, he picked up an entire block in Paris, for a reported $219 million, becoming the landord to tony Burberry, Moschino, and Bally. He also owns numerous properties

Stefan Persson

Posted: 29 May 2013 09:44 PM PDT

Chairman of global cheap chic apparel retailer Hennes & Mauritz Stefan Persson has lately been making news for his high profile real estate investments. He bought the village of Linkenholt in Hampshire, England in 2009. In March, he picked up an entire block in Paris, for a reported $219 million, becoming the landord to tony Burberry, Moschino, and Bally. He also owns numerous properties

Christy Walton

Posted: 29 May 2013 09:44 PM PDT

Wal-Mart widow Christy Walton's net worth reached new highs as Wal-Mart stock jumped in 2012. She remains the richest woman in the United States. Christy inherited her wealth when husband John Walton, a former Green Beret and Vietnam war medic, died in an airplane crash in 2005. John's side investment in First Solar had boosted Christy's net worth well above the rest of her family, but the

Bernard Arnault 2013

Posted: 29 May 2013 09:43 PM PDT

The world's most influential tastemaker, Bernard Arnault fell from No. 4 in the world to No. 10 not because his luxury goods powerhouse LVMH dropped in value - its shares were up 6% in fact - but due to more information on his ownership stake and a revised valuation method. Another factor: His fortune is mostly held in Christian Dior, which has a 41% stake in LVMH and trades at a near 20%

Bernard Arnault

Posted: 29 May 2013 09:40 PM PDT

The world's most influential tastemaker, Bernard Arnault fell from No. 4 in the world to No. 10 not because his luxury goods powerhouse LVMH dropped in value - its shares were up 6% in fact - but due to more information on his ownership stake and a revised valuation method. Another factor: His fortune is mostly held in Christian Dior, which has a 41% stake in LVMH and trades at a near 20%

Liliane Bettencourt 2013

Posted: 29 May 2013 09:38 PM PDT

At age 90, Liliane Bettencourt is the world's richest woman, and returns to the top ten wealthiest for the first time since 1999. She and her family own more than 30% of L'Oreal, which her father founded. They've gotten far richer this year, thanks to a boost in the French cosmetics powerhouse's stock. However she had her fortune placed under the guardianship of her daughter Francoise

Li Ka-shing

Posted: 29 May 2013 09:37 PM PDT

Asia's richest person Li Ka-shing added $5.5 billion to his fortune as shares of his biggest holdings, Cheung Kong, Hutchison Whampoa and Husky Energy, all jumped 10% or more. He scooped up another $860 million in dividends in 2012. At age 84, Li still oversees one of the world's most far-reaching empires with 260,000 employees in 52 countries. Li controlled companies bought British gas

David Koch

Posted: 29 May 2013 09:36 PM PDT

Tied with older brother Charles as the world's sixth-richest person, David runs the chemical equipment side of Koch Industries from his home in New York. His wealth climbed $9 billion last year, mostly on surging refining and chemical profits as the price of natural gas, an important feedstock, fell. More active than Charles in politics, he bet a lot on ejecting Barack Obama from the White

Charles Koch 2013

Posted: 29 May 2013 09:35 PM PDT

The world's sixth-richest person (tied with brother David) built his fortune around refining and chemicals, the right places to be last year amid falling natural-gas prices and recovering demand. Koch Industries, with an estimated $115 billion in sales, climbed more than $20 billion in value, mostly on surging refining profits but also improving operations at Koch's large Georgia-Pacific

Larry Ellison 2013

Posted: 29 May 2013 09:34 PM PDT

In the past year, Larry Ellison, America's third richest man, has been on a real estate buying spree. In June, he bought 98% of the Hawaiian island of Lanai from David Murdock. That purchase, for a reported $500 million or more, gave Ellison almost all of the 141-square mile island, including two resort hotels and a housing development. Adding to his real estate purchases, Ellison has also

Warren Buffett 2013

Posted: 29 May 2013 09:33 PM PDT

Warren Buffett struck again in February, announcing a deal with Brazilian billionaire Jorge Paulo Lemann's 3G Capital to snap up iconic ketchup producer H.J. Heinz Co. for $23.2 billion. It wasn't the only deal for Buffett's Berkshire Hathaway lately. In November 2012 Berkshire acquired Omaha-based party supplier Oriental Trading Co. and in December 2012 the company purchased $1.2 billion of

Amancio Ortega 2013

Posted: 29 May 2013 09:33 PM PDT

Amancio Ortega Net Worth $57 B As of March 2013 Follow (615) At a Glance Age: 77 Source of Wealth: Zara, self-made Country of Citizenship: Spain Marital Status: Married Children: 3 Forbes Lists #3 Billionaires #1 in Spain #5 in 2012

Bill Gates 2013

Posted: 29 May 2013 09:32 PM PDT

Bill Gates, the world's most generous person, says that as long as he helps eradicate deadly diseases like polio and malaria, he doesn't care if he's forgotten after his death. Not that there's any chance of that: Gates has already given more than $28 billion, but said in his fifth annual letter for the Bill & Melinda Gates Foundation that the total amount invested is less important than

Carlos Slim Helu & family

Posted: 29 May 2013 09:29 PM PDT

Source:forbes Carlos Slim Helu is the world's richest man for the fourth year in a row. He clocks in at $4 billion more than a year ago, thanks to surging stock prices at his financial arm, Grupo Financiero Inbursa, and at his Grupo Carso industrial and retail giant. Pan-Latin American mobile telecom outfit America Movil remains his most valuable holding at $36.3 billion; the

Philippines Defies Asia Slowdown With Best Growth Since 2010

Posted: 29 May 2013 09:24 PM PDT

Philippine growth unexpectedly quickened to the fastest pace in almost three years, defying a regional slowdown as President Benigno Aquino boosted investment and state spending. The peso reversed its decline. Gross domestic product rose 7.8 percent in the three months through March from a year earlier, compared with a revised 7.1 percent gain in the previous quarter, the National

DBS Bank Deal Seen Derailed as Indonesia Bars Control: Real M&A

Posted: 29 May 2013 09:23 PM PDT

Investors are betting that Indonesia will drive DBS Group Holdings Ltd. (DBS) to abandon Southeast Asia's largest bank takeover. Indonesia's central bank last week gave approval for Singapore-based DBS, which bid $6.8 billion for all of PT Bank Danamon Indonesia, to buy only 40 percent of the company as the regulator pushes for Indonesian banks to have equal access in Singapore. With the

PetroChina Said to Sell Stakes at Home for Cash to Spend Abroad

Posted: 29 May 2013 09:22 PM PDT

PetroChina Co. (857), the world's second biggest publicly traded oil company, is set to sell minority stakes in oil and gas fields as well as gas pipeline projects in western China to raise cash for overseas acquisitions, said a person familiar with the plans. Some agreements may be announced in the next few months, said the person who asked not to be identified because the information isn't