What Are The Fastest Growing Technology Companies In America?

 

 

 

Forbes each year picks the twenty-five fastest growing technology companies in the country. The site describe their selection process:

Each year we rank the 25 fastest-growing technology companies. We comb more than 5,000 publicly traded technology companies, looking for profitable companies with a minimum revenue of $150 million and a minimum market value of $500 million. We then looked for firms with sales growth of at least 10% for each of the past three fiscal years and over the latest 12 months. Finally, we ranked companies based on their three-year average sales growth rates in descending order.

Here are their top five fastest growing tech companies on this year's list:

1. LinkedIn

Founded in 2003, LinkedIn operates the world’s largest professional network on the Internet with more than 150 million members in over 200 countries and territories. Members are able to create, manage and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. Its platform provides

2. Apple

Apple designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company's products and services include iPhone, iPad, Mac, iPod, Apple TV, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It also sells and delivers digital content and applications through the iTunes Store, App Store, iBookstore, and Mac App Store.

3. Qlik Technologies

Qlik Technologies sells software solutions that deliver data analysis and reporting solutions. QlikTech's software platform, QlikView, combines enterprise-class analytics and search functionality. Customers range from middle market customers to large enterprises and include Autodesk, Campbell Soup Company, Colonial Life, The Dannon Company, ING, Kraft Foods, and Nasdaq OMX.

4. athenahealth

athenahealth is a leading provider of cloud-based business and clinical services for physician practices. The Company's service offerings are based on proprietary web-native practice management, electronic health record (EHR) software, a continuously updated payer knowledge-base and integrated back-office service operations. It has clients operating in 46 states and the District of Columbia. In 2012, Massachusetts Institute of Technology's Technology Review Magazine named them one of the Top 50 most innovative companies in the world.

5. Equinix

Equinix connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. Platform Equinix connects more than 4,000 enterprises, cloud, digital content and financial companies including more than 690 network service providers to help them grow their businesses, improve application performance and protect their vital digital assets. Equinix operates in 38 strategic markets across the Americas, EMEA and Asia- Pacific and continually invests in expanding its platform to power customer growth.

CLICK HERE TO SEE THE REMAINING TWENTY COMPANIES...>>>

FORBES: The Ten Biggest Companies In The World

 

 

Forbes.com has released their annual list of "The World's Biggest Companies'. This year it is all about the Chinese and they have taken over the top two spots on the list of 2,000 companies. Forbes uses a formula of sales, profits, assets and market value to create the list. They report:

This year’s list again reveals the dynamism of global business. The rankings span 63 countries, three countries less than last year. The U.S. (543 members) adds 19 firms, bucking its declining presence since 2004 and registering its highest total since 2009. Japan (251 members) again has the second biggest presence on our list despite losing seven more members from last year. Mainland China (136 members) checks in as the third largest country in terms of membership with same number of firms from a year ago. This is the first year since our inaugural 2004 list that China has not increased its number of Global 2000 companies. There are eleven countries with only one firm, including New Zealand, the Czech Republic and Vietnam.

Countries standing out in terms of growth across all four metrics are Singapore, Thailand and Malaysia. Belgium, Turkey, and the United Arab Emirates saw the biggest increase in company market values, all with double-digit growth from a year ago. The current economic crisis in Spain and Greece took its toll on their firms’ profits with each showing a country showing a combined deficit this year. You can also throw Italy in the mix as their firms show a decline in all four metrics this year

1. ICBC (China)

2. China Construction Bank (China)

3. JP Morgan Chase (USA)

4. General Electric (USA)

5. EXXON/Mobil (USA)

6. HSBC Holdings (United Kingdom)

7. Royal Dutch Shell (Netherlands)

8. Agricultural Bank of China (China)

9. Berkshire Hathaway (USA)

9. Petro China (China)

SEE THE REST OF THE LIST HERE......

The Ten Youngest Billionaires In The World

 

 

 

Imagine you are in your late twenties and you have close to four billion in the bank. If you could make 5% return on your money each year you would have to spend over $15 million a month in order to stay even. Do you buy six homes, private planes and throw yourself a million dollar birthday party? Or do you count your blessing and, while living comfortably, give your all to make the planet a better place for all people?

Here is Forbes list of the ten youngest billionaires in the world and how they describe them.

 

No. 1: Dustin Moskovitz (Above)

Age: 28
Net Worth: $3.8 billion

Moskovitz, Mark Zuckerberg‘s former roommate, no longer works at Facebook, the social networking giant that he co-founded. A signee of Bill Gates‘ and Warren Buffett’s Giving Pledge, Moskovitz bikes to work, flies commercial, and pitches his own tent at Burning Man.

No. 2: Mark Zuckerberg

Age: 28
Net Worth: $13.3 billion

Few CEOs of any age are under more media scrutiny than Zuckerberg (who’s only 8 days older than Moskovitz). Since taking Facebook public in May 2012, and getting married days later, the hoodie-wearing founder has seen his net worth rise and fall with every fluctuation of the stock price.

No. 3: Albert von Thurn und Taxis (below)

Age: 29
Net Worth: $1.5 billion

Albert von Thurn und Taxis first appeared in Forbes’ billionaire rankings at age 8 but officially inherited his fortune in 2001 on his 18th birthday. The eligible bachelor is also a race car driver and tours with a German auto-racing league.

No. 4: Scott Duncan

Age: 30
Net Worth: $5.1 billion

Duncan is the youngest of the four children who inherited the massive fortune of late energy pipeline entrepreneur Dan Duncan, founder of Enterprise Products Partners. Today the company owns more than 50,000 miles of natural gas, oil, and petrochemical pipelines.

No. 5: Eduardo Saverin

Age: 30
Net Worth: $2.2 billion

Facebook co-founder Saverin renounced his United States citizenship in 2011, news of which broke days before the company’s IPO and drew accusations of tax evasion. Saverin, immortalized in The Social Network as Mark Zuckerberg’s onetime best friend, settled a lengthy legal battle with Facebook, apparently receiving a 5% stake. A Brazilian citizen, he now resides in Singapore and invests in startups.

No. 6: Huiyan Yang

Age: 31
Net Worth: $5.7 billion

Yang, the daughter of the founder of real estate developer Country Garden Holdings, is once again China’s richest woman. Her father transferred his stake to the Ohio State grad before the company’s IPO in 2007.

No. 7: Fahd Hariri

Age: 32
Net Worth: $1.35 billion

Hariri is the youngest son of slain Lebanese Prime Minister Rafik Hariri. He graduated from the Ecole Spéciale d’Architecture de Paris in 2004. While still a student, he ran an interior design studio on the outskirts of the city, and sold furniture to clients in Saudi Arabia.

No. 8: Marie Besnier Beauvalot

Age: 32
Net Worth: $1.5 billion

Marie, along with siblings Emmanuel, 42, and Jean-Michel, 45, inherited French dairy giant Lactalis, producers of popular Président brie among hundreds of other cheese, milk and yogurt brands.

No. 9: Sean Parker

Age: 33
Net Worth: $2 billion

Parker is revamping his much hyped start-up, Airtime, with the hopes that the video chat site will have the impact of his other Web companies. At 19, Parker skipped college to disrupt the recording industry with music swapping site Napster. He served as Facebook’s first president at age 24.

No. 10: Ayman Hariri

Age: 34
Net Worth: $1.35 billion

Hariri is the son of slain Lebanese Prime Minister Rafik Hariri. He’s involved in running Saudi Oger, one of Saudi Arabia’s biggest construction companies, and the source of the Hariri family fortune

See the entire list of youngest billionaires under 40 by clicking here....

How Did Mayor Michael Bloomberg Become $5 Billion Richer In Just One Year?

 

 

 

Southhampton Home

The Big Apple has one rich mayor. The Forbes list of billionaires around the world had the Mayor as the 13th richest person in the world with a fortune estimated at $27 billion! That is an increase from $22 billion just a year ago. That is a whole lot of moola!

Here is Forbes.com explanation of how the Mayor earned an extra $5 billion in pocket change over the last year:

"In the interest of transparency, here’s an inside look at the number-crunching behind Mike Bloomberg’s net worth.

When we calculate Mayor Mike’s fortune, we’re valuing his stake in his major asset: Bloomberg LP, the financial data firm he co-founded in 1982 with fellow billionaires Thomas Secunda and Charles Zegar. He owns 88% of the private, closely-held company, which generated $7.9 billion revenues in 2012, up from $7.6 billion in 2011.

Forbes’ job is to ascertain what Bloomberg LP might be worth if it was put up for sale today. Luckily, we’re not starting from scratch: in 2008, Merrill Lynch provided a rare glimpse at Bloomberg LP’s financials when it sold its 20% stake in the data giant for $4.5 billion, valuing the entire company at $22.5 billion. Revenues of $6.1 billion that year imply a sales multiple of 3.7.

Every year since, we’ve run our own analysis of Bloomberg LP’s publicly traded competitors. Twice a year, for the Forbes 400 and World’s Billionaires lists, we consult with analysts at investment banks who cover these similar companies.

This year, analyst feedback prompted us to apply a revenue multiple of 3.5, in between that of FactSet, the highly profitable financial data firm (approx 5 x sales), and slightly sluggish Thomson Reuters, a direct competitor (just under 2 x sales). This values Bloomberg LP at $27.7 billion. Mayor Mike’s 88% stake is worth well over $24 billion.

Some analysts feel we’re being conservative, arguing that Bloomberg LP would be valued at a premium over the average of its competitors given its reputation as industry standout. We tend to err on the side of caution with private company valuations.

The rest of Bloomberg’s fortune — at least, that we can trace — comes from his cashing out of private equity firm the Quadrangle Group in 2010, when he took out some $5 billion in assets. Since then, the Mayor has given away a huge chunk of money through his Bloomberg Philanthropies. In the first two months of 2013 alone, he’s pledged $450 million ($350 million to his alma mater Johns Hopkins and $100 million to the Gates Foundation to help eradicate polio). His lifetime giving now totals over $2.5 billion, said a spokesperson.

There’s a question mark hanging over the $2.5 billion in Quadrangle that Bloomberg has yet to give away through his charitable foundation or his anti-gun super PAC, which recently ramped up its spending. It could be worth even more if invested well. For now, we count that $2.5 billion towards his total net worth until we see proof that we shouldn’t. The Mayor’s 11 properties, including a handsome waterside estate in Bermuda, three Manhattan homes and a London pied-à-terre, push his fortune up to $27 billion."

Forbes Issues New Richest People In The World List!

 

 

 

Number 9 On The List

Forbes Magazine issued their 2013 "Richest People In the World" list. This year over 1,400 billionaires are on the list. The total wealth of those folks create an 'aggregate net worth of $5.4 trillion" The United States has 442 billionaires and is followed by Asia/Pacific with 386 billionaires. Here are the top ten richest people in the world.

See the rest of the list here.....

America's Most Miserable Cities

 

 

 

Forbes Magazine has published a list of the twenty most miserable cities in America. Not surprising is that Michigan has both Detroit and Flint up near the top. Very surmising is that New York is number 10 on the list ahead of such cities as Camden, Cleveland and Baltimore! Take a look at this interesting list.

#1 Detroit, Mich.

Violent crime in the Detroit metro was down 5% in 2011, but it remains the highest in the country with 1,052 violent crimes per 100,000 people, according to the FBI. Home prices were off 35% the past 3 years, which is the biggest drop in the U.S.

#2 Flint, Mich.

Flint has been demolishing homes as the city shrinks with residents leaving in search of jobs. Only Detroit has a higher net out-migration rate. Flint ranks third worst for violent crime, behind Detroit and Memphis.

#3 Rockford, Ill.

A three decade decline in the manufacturing base has hurt Rockford's economy and kept unemployment high. The metro’s recent 11.2% unemployment rate is one of the highest rates in the U.S. Another burden: high property tax rates.

#4 Chicago, Ill.

Chicago has passionate supporters, but residents must endure the misery of long commutes, plummeting home prices, brutal winters and high foreclosure rates. The migration rate out of Chicago is the sixth worst among the 200 largest metros.

#5 Modesto, Calif.

Foreclosures continue to plague Modesto with 6,859 foreclosure filings in 2012, according to RealtyTrac. It represents 3.8% of homes, which is the third highest rate in the U.S. Recent unemployment was 15%.

See the rest of the list here....

Richest Man In The World And Richest Man In USA Have Summit!

 

 

 

Forbes.com is reporting that Carlos Slim Helu (richest man in the world) and Bill Gates (richest man in America) have met to discuss their charitable works around the world. The result of the meeting is that they will pool resources and fight world hunger. The two will especially focus on using "their foundations to promote research and the development of agricultural technology to increase farmers’ productivity and reduce hunger among the world’s poor people."

The Gates Foundation has an endowment of $36.2 while two foundations created by Slim have a total of $7 billion in them.

Gates wrote on his website about Slim:

"“Carlos is a very interesting guy… He reminds me a little of Warren Buffett in his ability to find undervalued investment opportunities. I’ve enjoyed the time I’ve spent with him, getting to hear his thoughts on business trends and the future of Latin America. His father immigrated to Mexico from Lebanon,”

What Are The Ten Best Companies In America For Women Executives?

 

 

 

Forbes.com has published a list of the ten best companies in America for women. The list was created by Working Mother Media. While only 4% of American companies have a female CEO, the list is based on the percentage of women who work in senior management positions.

Working Mother Media's reports in its executive summary:

-Women make up 25% of corporate executives at the NAFE Top 50, up from 22% last year

-Women make up 22% of executives with profit-and-loss responsibility at the NAFE Top 50, up from 19% last year

-Women make up 26% of the leaders of billion-dollar divisions at the NAFE Top 50, up from 23% last year

-Women make up 26% of the board of directors

Here are the ten best with their percentage of female employees in senior management (in alphabetical order).

Abbott: 42%

Astra Zeneca: 41%

General Mills: 37%

IBM: 27%

Johnson and Johnson: 31%

KPMG: 37%

Marriott International: 40%

Procter and Gamble: 34%

Prudential Financial: 33%

State Farm: 40%

Which Americans Gave Away The Most Money Last Year?

 

 

 

 

Forbes.com has published a list of the 50 Americans who gave away the most money in 2012. The site reports:

"This is the 13th year the Chronicle of Philanthropy has put together its Philanthropy 50, a list of the 50 biggest charitable donors in the past year. The list tallies gifts and pledges of cash and stock to nonprofit organizations. The Chronicle does not count gifts that donors made from their family foundations, to avoid counting the same gifts twice. In addition to cash and stock donations, the 2012 list includes art donations to two museums. The top 50 donors gave away a total of $7.4 billion last year."

Here are the top ten most generous givers last year.

1. Warren Buffett: $3.1 Billion

2. Mark Zuckerberg and Priscella Chan: $499 Million

3. John and Laura Arnold: $423 Million

4. Paul Allen: $309 Million

5. Sergey Brin and Anne Wojcicki: $223 Million

6. Mort Zuckerman: $200 Million

7. Fred Fields: $192 Million

8. Carl Icahn: $150 Million.

9. Sheldon and Miriam Andelson: $143 Million

10. G. David Gundlach: $140 Million

Click here to see the remaining forty names on the list......