BajaNomad

Adios Carlos Slim

durrelllrobert - 5-14-2015 at 09:43 AM

Amancio Ortega, the Spanish entrepreneur owner of the clothing store chain Zara, is now the third richest man in the world, surpassed only by the tycoons Bill Gates and Warren Buffet.
According to a report agency Bloomberg , the founder of Inditex SA, the retail world's largest fashion, has increased his fortune to 68,000 million dollars, which means an increase of 79 percent since March 2012, when the Bloomberg Billionaires Index opened. Inditex operates more than 6,600 stores under different brands, including Zara, Massimo Dutti and Pull & Bear.
The recent success of Ortega, 79, has eclipsed that of his closest contenders on the list: Mexican billionaire Carlos Slim and American billionaires Bill Gates and Warren Buffett. Slim's fortune, fourth on the list, has decreased 1 percent, to 67,300 million, while Gates has increased by 38 percent and 62 percent of Buffett.

Another fact that speaks about the entrepreneurial achievements of Ortega is added 7.000 million to his fortune from the first day of 2015, while in that time Buffett, Gates and Slim have lost 8,000 million dollars altogether.

Inditex sales have increased 31 percent since 2012, to 24,000 million in the year ending in January 2015. Since Inditex went public in 2001, Ortega has received more than 3,000 million in dividends and has profits invested in commercial properties in major cities in Europe and the United States, said Bloomberg .

Ortega, now 79 years, is the son of a railway employee . In 1975 he founded Zara with his wife Rosalia Mera, in the room of the couple's home. In the 80 Zara it spreads throughout Spain and began to settle abroad.
Spanish born Ortega is also the employer of distributors world's richest, followed by Swede Ingvar Kamprad, founder of Ikea and eighth richest person in the world, and the widow of one of the heirs of the US chain Wal-Mart, Khristy Walton, who is the tenth richest person and the first woman on the list.

Bajahowodd - 5-14-2015 at 04:02 PM

Quote: Originally posted by durrelllrobert  
Amancio Ortega, the Spanish entrepreneur owner of the clothing store chain Zara, is now the third richest man in the world, surpassed only by the tycoons Bill Gates and Warren Buffet.
According to a report agency Bloomberg , the founder of Inditex SA, the retail world's largest fashion, has increased his fortune to 68,000 million dollars, which means an increase of 79 percent since March 2012, when the Bloomberg Billionaires Index opened. Inditex operates more than 6,600 stores under different brands, including Zara, Massimo Dutti and Pull & Bear.
The recent success of Ortega, 79, has eclipsed that of his closest contenders on the list: Mexican billionaire Carlos Slim and American billionaires Bill Gates and Warren Buffett. Slim's fortune, fourth on the list, has decreased 1 percent, to 67,300 million, while Gates has increased by 38 percent and 62 percent of Buffett.

Another fact that speaks about the entrepreneurial achievements of Ortega is added 7.000 million to his fortune from the first day of 2015, while in that time Buffett, Gates and Slim have lost 8,000 million dollars altogether.

Inditex sales have increased 31 percent since 2012, to 24,000 million in the year ending in January 2015. Since Inditex went public in 2001, Ortega has received more than 3,000 million in dividends and has profits invested in commercial properties in major cities in Europe and the United States, said Bloomberg .

Ortega, now 79 years, is the son of a railway employee . In 1975 he founded Zara with his wife Rosalia Mera, in the room of the couple's home. In the 80 Zara it spreads throughout Spain and began to settle abroad.
Spanish born Ortega is also the employer of distributors world's richest, followed by Swede Ingvar Kamprad, founder of Ikea and eighth richest person in the world, and the widow of one of the heirs of the US chain Wal-Mart, Khristy Walton, who is the tenth richest person and the first woman on the list.


First off, your math is wrong by several zeros. The numbers are in billions, not millions.

That said, and I'm not the biggest fan of Carlos Slim, although he is a self-made man starting as a cab driver in Mexico City, I don't know of any allegations against Slim about using child labor sweatshops as have been made about Ortega.

chuckie - 5-14-2015 at 04:46 PM

Uncle Carlos, according to Fortune, is still the wealthiest person.....You cant help but admire the guy.....Way smarter than the rest of us...Incredible philanthropist.....GO! Senor Slim!

Marc - 5-14-2015 at 11:10 PM

Quote: Originally posted by Bajahowodd  
Quote: Originally posted by durrelllrobert  
Amancio Ortega, the Spanish entrepreneur owner of the clothing store chain Zara, is now the third richest man in the world, surpassed only by the tycoons Bill Gates and Warren Buffet.
According to a report agency Bloomberg , the founder of Inditex SA, the retail world's largest fashion, has increased his fortune to 68,000 million dollars, which means an increase of 79 percent since March 2012, when the Bloomberg Billionaires Index opened. Inditex operates more than 6,600 stores under different brands, including Zara, Massimo Dutti and Pull & Bear.
The recent success of Ortega, 79, has eclipsed that of his closest contenders on the list: Mexican billionaire Carlos Slim and American billionaires Bill Gates and Warren Buffett. Slim's fortune, fourth on the list, has decreased 1 percent, to 67,300 million, while Gates has increased by 38 percent and 62 percent of Buffett.

Another fact that speaks about the entrepreneurial achievements of Ortega is added 7.000 million to his fortune from the first day of 2015, while in that time Buffett, Gates and Slim have lost 8,000 million dollars altogether.

Inditex sales have increased 31 percent since 2012, to 24,000 million in the year ending in January 2015. Since Inditex went public in 2001, Ortega has received more than 3,000 million in dividends and has profits invested in commercial properties in major cities in Europe and the United States, said Bloomberg .

Ortega, now 79 years, is the son of a railway employee . In 1975 he founded Zara with his wife Rosalia Mera, in the room of the couple's home. In the 80 Zara it spreads throughout Spain and began to settle abroad.
Spanish born Ortega is also the employer of distributors world's richest, followed by Swede Ingvar Kamprad, founder of Ikea and eighth richest person in the world, and the widow of one of the heirs of the US chain Wal-Mart, Khristy Walton, who is the tenth richest person and the first woman on the list.


First off, your math is wrong by several zeros. The numbers are in billions, not millions.

That said, and I'm not the biggest fan of Carlos Slim, although he is a self-made man starting as a cab driver in Mexico City, I don't know of any allegations against Slim about using child labor sweatshops as have been made about Ortega.


Hold your horses....I have heard Brits and Euros use the term 68,000 million instead of 68 billion. Perfectly legitimate.

4x4abc - 5-15-2015 at 02:55 AM

a billion is not a billion

the US and UK know one billion as a thousand millions
Spanish and many other languages define a billion as a million millions (million squared)

what the English speakers know as one billion is a milliard for most other languages, that's why you see values like 68,000 millions in Mexico for 68 (US) billion.

As if miles and pounds were not old fashioned enough - the US has to have it's own numbers system.

But to be fair, the French started the mess. And since the US loved the French so much, they copied the 19th century French billion. But the French don't use it any longer.

so, the Mexican version of Carlos Slim's fortune would be $0.068 billón de dólares

confused? me too

http://en.wikipedia.org/wiki/Long_and_short_scales
http://es.wikipedia.org/wiki/Bill%C3%B3n

MMc - 5-15-2015 at 07:41 AM

Any way you say it, "The boy has BANK".

4x4abc - 5-15-2015 at 08:56 AM

Quote: Originally posted by MMc  
Any way you say it, "The boy has BANK".


and most wealthy people/families get there by stealing money from people/families with little money (us) - I don't care whether Carlos Slim started as a taxi driver. He is a mega thief.

I apologize, we are only allowed to post about fish, sunset and fish.


LancairDriver - 5-15-2015 at 09:21 AM

Quote: Originally posted by 4x4abc  
Quote: Originally posted by MMc  
Any way you say it, "The boy has BANK".


and most wealthy people/families get there by stealing money from people/families with little money (us) - I don't care whether Carlos Slim started as a taxi driver. He is a mega thief[/ quote] (by 4x4)

Like Bill Gates or Steve Jobs, who enabled us poor people with little money to communicate as never before on boards like Nomads. Or Jeff Bezos who started Amazon that revolutionized the way we shop conveniently, as well as many others who have made life easier and reaped the rewards of their thievery. I guess we should all feel ripped off.

[Edited on 5-15-2015 by LancairDriver]

chuckie - 5-15-2015 at 09:37 AM

Harald, You are fulla shice...Please produce something that shows Uncle Carlos to be a thief..Otherwise we'll just ignore what you said as coming from a failure instead of a success...I admire the man..as for you? Not so much

4x4abc - 5-15-2015 at 10:58 AM

perfect day for the beach


Bajahowodd - 5-15-2015 at 03:56 PM

Quote: Originally posted by chuckie  
Harald, You are fulla shice...Please produce something that shows Uncle Carlos to be a thief..Otherwise we'll just ignore what you said as coming from a failure instead of a success...I admire the man..as for you? Not so much


The biggest beef about Slim was that after he acquired Telmex from the government, he fought bitterly to maintain a monopoly on telephone services. With the amazing growth of the internet, and cellular options, he was forced to relent. He is certainly not a thief and, in fact is responsible for huge charity work.

Reminds me of on a smaller scale of Aramburo in BCS. A former honcho in BCS politics (state governor when it got statehood), he fought bitterly to retain a monopoly on the supermarket trade in the state.

Back in the day, there were several major supermarkets in mainland Mexico, but the only option in BCS was Aramburo or mom and pop stores. How'd that work out?

chuckie - 5-15-2015 at 04:07 PM

Mom and poppers won...hands down....AND one of the biggest supporters of small business in Mexico was and is......................Carlos Slim

AKgringo - 5-15-2015 at 05:01 PM

No matter how Carlos acquired his fortune, it has to be frustrating trying to keep track of how many zeros to put after the first seven figures!
I can track my net worth with a property tax bill and an ATM (and of course a small fire safe)

DENNIS - 5-16-2015 at 06:40 AM

Quote: Originally posted by chuckie  


...Incredible philanthropist.....


"incredible" in an unpopular way perhaps. he has been notorious for his tightfisted hold on his wealth......almost embarrassed into giving by Gates and Buffet as a PR gesture.
His defense of his frugality was that he would prefer to give people jobs rather than free money.
Ohh well.......who's to say.......

LancairDriver - 5-16-2015 at 10:17 AM

Quote: Originally posted by DENNIS  
Quote: Originally posted by chuckie  


...Incredible philanthropist.....


"incredible" in an unpopular way perhaps. he has been notorious for his tightfisted hold on his wealth......almost embarrassed into giving by Gates and Buffet as a PR gesture.
His defense of his frugality was that he would prefer to give people jobs rather than free money.
Ohh well.......who's to say.......


He may have a valid point about giving people jobs instead of free money. Haven't noticed any Baltimore style riots in Mexico lately.

DENNIS - 5-16-2015 at 12:57 PM




I agree, but it's a hard sell to the many poor and unemployed.
Anyway...Mexico is showing their discontent in way that may grow to Baltimore intensity.

One more point about Don Carlos. Without Salinas, in the privatization of government monopolies, awarding him exclusives in telecommunications, he'd still be driving that cab, and anyone who thinks Carlos isn't still paying Carlos, is naďve.



.

[Edited on 5-16-2015 by DENNIS]

Bajahowodd - 5-16-2015 at 04:35 PM

Quote: Originally posted by LancairDriver  
Quote: Originally posted by DENNIS  
Quote: Originally posted by chuckie  


...Incredible philanthropist.....


"incredible" in an unpopular way perhaps. he has been notorious for his tightfisted hold on his wealth......almost embarrassed into giving by Gates and Buffet as a PR gesture.
His defense of his frugality was that he would prefer to give people jobs rather than free money.
Ohh well.......who's to say.......


He may have a valid point about giving people jobs instead of free money. Haven't noticed any Baltimore style riots in Mexico lately.


San Quintin doesn't count?:?:

It's about human dignity, equality and fair wages.

grizzlyfsh95 - 5-17-2015 at 07:11 AM


and most wealthy people/families get there by stealing money from people/families with little money (us) - I don't care whether Carlos Slim started as a taxi driver. He is a mega thief.

I apologize, we are only allowed to post about fish, sunset and fish.


I am impressed that you know so many of these wealthy people that you can say with confidence that they are thieves. Or is there just the slightest possibility that you see the world in such a way that anyone who possesses more than you, got it illegitimately? You are letting your little bias show, and exhibiting your immaturity. (not that it is uncommon on this site).

4x4abc - 5-17-2015 at 10:29 AM

yes, I am old, but very immature. And you are right, most people own more than I do.
I was not focussing on the hard working people who are wealthier. I am happy for them. Not even focussing on the self made millionaire. Happy for them, too. Not so much for their neglected children, but that's another topic.

Don't fool yourself, if you have/make a a few million a year - you are still nobody.
My focus was on the few people on the planet who own almost everything. They did not get it by working hard.
Correction, they work very hard. They get home exhausted. It is tough to screw so many humans at once. And the hard work to buy politicians to guarantee your safety and future.

I apologize for venting my frustration over the fact that we can't change that everyone under a million or so gets screwed.

But that's not on your radar anyway. You are only upset when the road through San Quintin is blocked by some badly dressed slaves. I bet you are on the side of the growers who fly their own airplanes to their humble ranchos.

nuff ramblin for Sunday

mtgoat666 - 5-17-2015 at 10:57 AM

Quote: Originally posted by grizzlyfsh95  

and most wealthy people/families get there by stealing money from people/families with little money (us) - I don't care whether Carlos Slim started as a taxi driver. He is a mega thief.

I apologize, we are only allowed to post about fish, sunset and fish.


I am impressed that you know so many of these wealthy people that you can say with confidence that they are thieves. Or is there just the slightest possibility that you see the world in such a way that anyone who possesses more than you, got it illegitimately? You are letting your little bias show, and exhibiting your immaturity. (not that it is uncommon on this site).



History continues to show Karl Marx was right. There is a constant struggle between the ownership class and the working class, and the state is a tool of the ownership class. Ultimately, CapitLism is its own worst enemy, the ownership class is ultimately overthrown after the working class reaches its limit.

Organized revolution is necessary to overthrown the ownership class that is exploiting the proletariat.

What I find fascinating is that many of you proletariat a middle class that has been hoodwinked into thinking you are in control of your own destiny and that capitalism is rewarding you. You are tools of the man, you slave for mega corporations owned by the 1%, and you are foolishly happy working in a soulless office building, taking respite in your measly 4 weeks of vacation in Baja, happily voting GOP, unknowingly repeatedly electing the tools of the 1% puppet masters.

Hot Damn Goat !!

captkw - 5-17-2015 at 11:07 AM

That's your best (smartest) post to date !! So F/ing True..I laugh at folks from the USA thinking they get to vote and are free !! Wake up fools..its got nothing to do with demos and repubs..your money is lent to you from a private bank,,,your water has a known poisen added to it..and they shoved a black man down your throat for a pres.....Keep watching that TV:lol:

4x4abc - 5-17-2015 at 11:33 AM

Some of the Greek thinkers, as well as Roman brilliant minds have outlined that the masses will always be manipulated and effed. Many others followed. Always pointing out who is doing what to whom. We, the simple people, never listened or did understand.
hey, we want food, fun and a better life than yesterday. No time to understand complex concepts.

The few leaders who put it in simple words (from Jesus to john F or Martin L)
did not make it out alive. If Bernie ever advances from his senate position might end up the same way.

Is there hope? Sure - because it's not rational.

One of the recent thinkers talk about this every day. Few listen. Even less understand. https://www.youtube.com/watch?v=rGQoCS7ty1g

grizzlyfsh95 - 5-17-2015 at 02:22 PM

I am buying some Alcoa. With the number of tin-foil hats on display here the price of foil has to go sky hi.

DENNIS - 5-17-2015 at 03:09 PM




Redistribution of wealth? Find another way.

wessongroup - 5-17-2015 at 03:44 PM

"Is there hope? Sure - because it's not rational."

A keeper ... and thanks for the link

bajabuddha - 5-17-2015 at 03:45 PM

Far's ol' Uncle Carlos is concerned, I'm just friggin' JEALOUS, that's all. And, I think i'm the only one on this board to just admit to it. I also don't think there's any rule about sharing, either. If I made it, it's mine.

We have the same issue here in Sierra County, NM.... the 2nd poorest County in America (the 1st is San Juan County, Utah, my last residence). Ted Turner, 'Captain America' as he's know in these parts gets the same dissing all the time by the ignorant-and-proud-of-it clod busters who unanimously vote for the party of the wealthy "Less-Gov't" Baggers. Ted owns two huge ranches in the area. What they don't know (a lot of them do however) is Teddy has given very substantial help to the community over the years behind the scenes. I believe once he just straight-up donated a billion bucks to charity, because he decided he had 8, and 7 was more than enough.

Far's tin foil hats, I think Cappy's is made of cast iron. Too much exhaust and carb cleaner. KW, you've proven yourself to be illiterate, and now a bigot; you are a disgrace to your own race.

The human race.

mtgoat666 - 5-17-2015 at 04:24 PM

Quote: Originally posted by DENNIS  



Redistribution of wealth? Find another way.


History has shown there is no other way. When an extreme wealth or power imbalance exists, the masses redistribute it,... You can only trod on the backs of the poor for so long, sooner or later they wise up or rise up and cut the legs from underneath you. Enjoy it while it lasts, nothing is forever.

[Edited on 5-17-2015 by mtgoat666]

Bajahowodd - 5-17-2015 at 04:45 PM

Quote: Originally posted by mtgoat666  
Quote: Originally posted by DENNIS  



Redistribution of wealth? Find another way.


History has shown there is no other way. When an extreme wealth or power imbalance exists, the masses redistribute it,... You can only trod on the backs of the poor for so long, sooner or later they wise up or rise up and cut the legs from underneath you. Enjoy it while it lasts, nothing is forever.

[Edited on 5-17-2015 by mtgoat666]


So true.:yes:

DENNIS - 5-17-2015 at 05:10 PM

Quote: Originally posted by mtgoat666

History has shown there is no other way. When an extreme wealth or power imbalance exists, the masses redistribute it,... You can only trod on the backs of the poor for so long, sooner or later they wise up or rise up and cut the legs from underneath you. Enjoy it while it lasts, nothing is forever.

[/rquote  


Tell it to Mexico.

dtbushpilot - 5-17-2015 at 05:15 PM

Wish I would have known this when I was young, back when I thought that hard work and responsibility for my behavior could lead to a better life. I could have saved myself a lot of work "slavin for the man" just to be kept under his boot.

Pompano - 5-17-2015 at 05:21 PM

A lot of this talk sounds so familiar...



4x4abc - 5-17-2015 at 06:06 PM

don't worry for the rich and powerful - they will always be rich and powerful. There will be the occasional revolution, but things will be back to normal soon after. With a new label and some emotional comfort for the ruled. And hey, nobody wants to kill the masses, not Monsanto, not any government - they are needed to produce wealth for the rulers and the wealthy. And they need healthy heros (soldiers) to take from the neighbors.

Even though they need us, we don't have any power to change the game in our favor. We are too many, not smart enough, especially not smart enough to realize how we are emotionally manipulated into fighting for them. Into admiring them.

Communism? Don't worry. The wealthy don't like that model much. Too messy.
Socialism? Yeah, maybe a sprinkle here and there to keep the masses happy.

Bajahowodd - 5-19-2015 at 04:50 PM

So-called socialism brought us things like social security. I really do not understand the right that keeps talking about communism.

In fact. there has really never been an experiment in communism as envisioned by Marx. It has all been about dictatorial regimes.

For my money, many countries in Europe practice a form of democratic socialism that grants their citizens free health care, and weeks of vacation, among other things. No one should underestimate the economic power of Germany, that has those things and more.

The US is under the thumb of big corporations, that continues to decimate the middle class.

chuckie - 5-19-2015 at 05:05 PM

God love those big corporations! Without them and people like Carlos Slim, we would have no jobs....People like Goat would have to go to work instead of living on the dole...And where would the taxes come from? OH Right, the downtrodden (now unemployed)...

Bye Bye Birdie...er Bernie??

EdZeranski - 6-4-2015 at 07:06 PM

[rquote=981841&tid=78844&author

......did not make it out alive. If Bernie ever advances from his senate position might end up the same way.[/rquote]


that would be nice