Businesspersons
Ding Xuedong Net Worth
Ding Xuedong was born in 1960 in Changzhou City, Jiangsu Province, China of Han ethnic ancestry, and is known as the chairman of both China Investment Corporation(CIC) – the fifth largest sovereign wealth fund in the world – and China International Capital Corporation(CICC). As such, Forbes magazine ranks Ding Xuedong as the 43rd most powerful person in the world.
So just how rich is Ding Xuedong? Sources estimates of Ding’s net worth are vague – suggestions are in the $30-40 million range – as the wealth of senior Chinese public servants is a closely guarded secret to protect officials from allegations of corruption over what might be seen as excessive wealth. However, he controls funds of around $700 billion in the two funds, to be invested where and in what he nominates.
Ding Xuedong Net Worth $35 Million
Little is known of Ding Xuedong aside from his public persona. Ding began to work in 1977, and joined the CPC in 1984. He majored in Finance in School of Financial Science Institute of Minister of Finance and graduated with a Master’s degree, and he then received a PhD. in economics from the Research Institute for Fiscal Science, Ministry of Finance.
In the 1990s Ding Xuedong was successively Director of the Property, General Office and Education Departments in the State-Owned Assets Supervision and Administration Commission. From 1998-2010 he served in several departments in the Ministry of Finance, eventually being promoted to Vice Minister in March 2008, and oversaw multiple departments such as agriculture, commerce, supervision and examination bureau.
From 2010-13 Ding was the youngest Deputy Secretary-General on the State Council, and then Deputy Director National Committee for Disaster Reduction for a brief period in 2013, before taking up his present position.
Alongside being Chairman, China Investment Corporation (CIC), Ding Xuedong has also been Deputy Director State Council Leading Group for Poverty Alleviation and Development.
After just over one year as leader of China’s largest sovereign wealth funds ($652.7 billion in assets), Ding Xuedong added to his portfolio, taking over as chair of China International Capital Corp., one of the country’s leading investment banks, in October. This follows the resignations of former chair Jin Liqun and CEO Levin Zhu Yunlai.
CIC currently has an estimated $4 trillion in foreign currency reserves, a significant proportion of which is available to Ding Xuedong to invest. Currently China’s sovereign wealth fund is shifting its focus from US financial institutions such as Blackstone, the private equity fund, and Morgan Stanley, to invest in agriculture and global food supplies in a significant strategic move that reflects the priorities of the country’s relatively new leadership, in conjunction with those countries in which it’s investing.
The management and board of the CIC ultimately reports to the State Council of the PRC, and is seen as being firmly entrenched in the political establishment, as the composition of its Board of Directors implies considerable influence on the part of China’s Ministry of Finance.
There are no published details concerning Ding Xuedong’s personal life.
Actors
Jeff Beitzel Net Worth
Jeff Beitzel was born in the United States of America, and was a businessman and reality television personality, best known for establishing several successful automotive companies such as Quantum Fuel Systems, of which he was the COO, and also for starring in the reality show “The Real Housewives of Orange County”. All of his efforts helped put his net worth to where it was prior to his passing.
How rich was Jeff Beitzel? As of early-2017, sources inform us of a net worth that was at $3 million, mostly earned through the success of his numerous companies. He helped create and expand several automotive businesses, serving in high positions in them. He reportedly earned a salary of $725,000, but all of his achievements ensured the position of his wealth.
Jeff Beitzel Net Worth $3 million
Jeff attended Lehigh University, and would graduate with a degree in mechanical engineering. After his studies, he started working at the Ford Motor Company, and after gaining a lot of experience, he began establishing his own automotive businesses, which included Quantum Fuel Systems Technology; the company focuses on fuel storage, fuel efficiency, and natural forms of fuel. Beitzel eventually rose up to become the COO of the company in 2005. Other groups he worked for include Tecstar Automotive Group (formerly Starcraft Corp.) and Powertrain Integration. He served as the Co-Chief Executive Officer of Tecstar and was the president of Tecstar subsidiaries, as well as the President of Powertrain Integration. Quantum Fuel Systems eventually merged with Tecstar, but Powertrain Integration on the other hand focuses on powertrain solutions including highway systems, alternative fuels, and other services. Thanks to all of these endeavors, his net worth continued to increase.
Jeff eventually became engaged to reality television star and businesswoman Gretchen Rossi. Since then, he started appearing in the hit reality TV show “The Real Housewives of Orange County”, which helped somewhat in increasing his net worth further. The show started in 2006 airing on Bravo TV, its premise being to show the professional and personal lives of several women residing in Orange County. Rossi started appearing in the show during the fourth season, and Jeff started getting featured on the show when they became engaged. The show also featured his battle with leukemia.
For his personal life, it is known that Jeff was married five times before becoming engaged to Rossi; he passed away in 2008 from leukemia. After his death, his ex-wife and three children started challenging Rossi in the press, claiming the Beitzel never really intended to marry her. The issue was also brought out because it was reported that Jeff left Gretchen several million dollars in his estate. Despite this, Rossi has shrugged off most of the statements against her and even dedicated a social media post to Jeff during the anniversary of his death. She’s also reported to have spent time with his kids, even amidst rumors of infidelity during their relationship. One of Jeff’s children has commented that all the publicity didn’t really matter, because in the end his father loved Rossi.
Billionaires
Gautam Adani Net Worth
Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.
How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.
Gautam Adani Net Worth $8.8 Billion
To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.
Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.
The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.
In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.
Finally, in the personal life of Gautam, he is married to Priti and they have two children.
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