The first time Garrett Thornburg was hurt by the foreclosure of someone else's home, it was 1986. She graduated Magna Cum Laude with a Bachelors Jennifer has an MFA in Creative Writing, and MA in English from University of New Mexico, and more Marrying art and business, Laurie has worked as an award-winning designer for 25+ years supporting Christine Castrohas more than 25 years of experience leading communications and public Feliciana Warren, Development Associate, a position she has held since August 2019. Times may be tough for the newspaper industry, but The Santa Fe New Mexican owner still has the family ranch. Does the city have recourse? Supposedly, it would attract new businesses. Glassman saved special praise for Thornburg Mortgage: "What makes it attractive is its whopping dividend yield, now 10.1 percent"compared to, say, 2.1 percent for Nike today. In 2006, he and wife Margarita sued their high-end decorators after getting billed for items theyd rejected. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. Thornburg didn't leave. SFCC is supposed to get $15,000 a year for the next decade starting later this year, spokeswoman Janet Wise says. TEX 30 Apr 2023 21:08:34 "Terrible mortgage securities made up of junk were rated AAA. Skilled workers had to be lured. On the other hand, it is yet to be revealed how deep are his wife's pockets. That year, investors including Goldman Sachs paid $3.4 billion for the company Knutson had led since 1969. A big-time state contractor, homebuilder, landowner and Richardson campaign donor, Otero has one of the few Hispanic names on our list. Problem was, the suit claims, the company paid bonuses for growth regardless of where the market was headed, creating a "conflict of interest" between executives and shareholders. $$ The new Thornburg campus, which opened this year, looks down over the city like a citadel. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. He and wife Nancy are major donors to the Lensic; they have a $2.6 million home on Calle De Agua. The Oppenheimer family has a combined net worth of $8.2 billion, largely through the 2012 sale of their stake in De Beers for about $5 billion, according to the Bloomberg Billionaires Index . That's unlikely, with Thornburg Mortgage now bankrupt. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. Before moving to Catherine's current city of Santa Fe, NM, Catherine lived in New York NY. SFR, Online Only: Read SFR's extended interview with Eric Janzen in which the Author of The Post Catastrophe Economy discusses his thoughts on capitalism's boom-bust cycle and the rise and fall of what he calls the "FIRE economy.". Tooey Boyden* NM since 1994, except for a five-year detour to Fort Worth Texas where she was the Executive Director. Soaring stock prices from Nigeria to Zimbabwe lifted the fortunes of these tycoons, as demand for products and services from telecom to luxury goods ticked up. She co-founded the National Dance Institute of New Mexico in 1994 (NDI-NM) and is past chair. Because we're not at risk. Stertzer sold the club. Then and only then will the company pay property taxes. We also welcome you to follow SFR on social media (on Facebook, Instagram and Twitter) and comment there. John H Biggs "I would consider both Garrett and Larry Goldstone to be very, very smart guys," Chicaferro says. Katherine "Kitty" Vissering Puening was born in Recklinghausen, Westphalia, Prussia, Germany, on August 8, 1910, the only child of Franz Puening and his wife Kthe Vissering. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. W/C Knutson and wife Miryam own a $6 million home on Circle Drive. He provides jobs in town. As rise-and-fall stories go, Thornburgs is neither the biggest nor the most shocking. They own a $1 million home on Camino del Monte Sol, though Caseys LinkedIn profile lists his home as greater New York City. Catherine Oppenheimer $$ An REIT, unlike a regular company, is exempt from corporate income taxes. Unlike many fellow magnates, Thornburg has felt the economy's harsher side. Investment group MatlinPatterson lent Thornburg $1.35 billion in 2008, only to abandon its stake last month. During her development career, she worked at the University of Rochester and the United Way Leean Kravitz joined Fidelity Investments in August of 2008 and currently serves as Vice President of Public Affairs & Government Relations, overseeing teams in New Mexico, Utah and Colorado. The companys six-story, glass-domed Southern Service Center in Charlotte, NC bears his name. Net Worth in 2023. TEX Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. It claims that by April 2007, Thornburg acknowledged "burgeoning concerns" with the Alt-A market but assured investors that their money was safe because Thornburg was "different. Jerry Landgraf* He failed. National Dance Institute of New Mexico is a 501(c)(3) not-for-profit organization and donations are tax-deductible. You can also email specific staff members from our contact page. Thornburg spokesman Miller says that won't happen anyway and that the payments are up-to-date. In March, President Barack Obama singled out AIG for scorn regarding large bonus pay, saying, This is a corporation that finds itself in financial distress due to recklessness and greed. Caseys wife Marian, who serves on SITEs board of directors, donated $750 to Obamas campaign last year. Cormac McCarthy He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. Louisa Stude Sarofim The supposed public benefit of the Thornburg campus? "If something was your own idea, it was very difficult to move it forwardI think Garrett probably had a push within himself to do things on his own." Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. Louise Campbell-Tolber* Get this delivered to your inbox, and more info about about our products and services. If theres anything people lie about as often as sex, its money. Chavez says. He owns 85% of publicly-traded Dangote Cement through a holding company. Akhannouch was appointed prime minister of Morocco in September 2021. A few years later, it endured a wave of prepayments by borrowers. His massive worth comes from his successful career as a real estate broker and attorney. . Theres a point, here. He felt Richardson wanted his group to back down. He is a retired telecommunications executive, having spent most of his career with AT&T and shorter Julie lives in Albuquerque, where she grew up and manages 3 family investment and real estate companies. Kate Moss, John Berndt, Chair Charities honored him as a "treasured citizen." Today he invests his time and resources where he thinks he can make a difference. At that rate, one student in every Santa Fe classroom has a parent who has lost a job. It will be one of the tallest buildings in Africa. Even at Santa Fes vaunted living wage, a person would have to save every penny for 125 years to even put the traditional 20 percent down payment on financier Jeffrey Epsteins Santa Fe ranch. Thornburg Mortgage was not a "retail" operation like, say, Countrywide, the most infamous of subprime mortgage lenders. The famous actress divorced billionaire CNN founder Ted Turner in 2001. CELEBRITIES: You may have heard of them He NDI New Mexico is an excellent example of an organization that holds itself to a high level of excellence. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. In January 2020, Oppenheimer was slightly behind Rupert with $7.33 billion to his name. EEE (Forbes discounts the values of stakes when the public float is less than 5%.). The corporate culture was "vicious," Zarin recalls. Lawrence J Burke Jirby claimed her husband "enjoyed a lavish lifestyle." $$$ Last summer, Thornburg traveled to Washington, DC and met with Federal Reserve Chairman Ben Bernanke, Treasury Department officials and staff for US Sens. To market those funds, he founded Thornburg Securities. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. Leann Kravitz We believe [the suit] has no merit," Thornburg Investment Management spokesman Miller says. Former Councilor Karen Heldmeyer, the other "no" vote, says she grew frustrated by "backroom deals" and decided not to seek re-election. It's too late for 130 laid off Thornburg Mortgage employees. $$$ When people start putting "esque" after your name, you've made it. Salary in 2023. Oppenheimer Asset Management works with a variety of client types. The case where Meaghan Oppenheimer possesses more net worth than her global icon husband, Tom seems highly unlikely. $$ish Branchs projects include the San Isidro Plazas 1 and 2, as well as the housing developments Cielo Azul and Colores del Sol. Sarofim, who has a farm in Tesuque, has funded exhibitions at SITE and made the ARTnews top collectors list. We then used the public database site, Socrata, to create five searchable online databases of this information. Shane Cronenweth* Africas billionaires are richer than they have been in years. The mortgage crisis ruined Thornburg's balance sheetsand the country's. In 1997, he bought low-producing gold mine shafts and later turned them profitable. TEX = Texas roots The Sanbusco Market Center owner is a Lensic board member; his father founded Schepps Brewing Company in Texas, which, when it was sold in 1997, was that states second largest wine and liquor distributor. Originally from Myers Godwin joined NDI New Mexico in 2012 and now serves as the organizations Albuquerque Cynthia Delgado, Government & Corporate Relations Director, a position she has held since July Jenn Venegas was born and raised in El Paso, Texas. The 18 billionaires from Africa hail from seven different countries. $ish WE DIDNT FORGET: Some usual suspects A difficult day, CEO Larry Goldstone called it. $$ish That money goes to the state, the city, the county, the public schools and Santa Fe Community College. T Peter Townsend $$ish Politicians paid respect to a man whose business they may not have understood, except to the extent that it was successful. After many years in development, Dangotes fertilizer plant in Nigeria began operations in mid-2021. Their $906,000 home on Thunderbird Corto is a short drive from the campus, soon to be emptier. Its unclear whether he owns property here. In Israel, her family flipped houses and invested in properties. Amanda Marquez*, Aleem Hasham, Co-Chair . Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. In 2007, New Mexico Sen. Shannon Robinson and Rep. Daniel Silvaboth Albuquerque Democrats who lost re-election in 2008introduced bills that created a tax break for finance companies. "We are lucky to be here today," Thornburg told investors later. This limits reinvestment in the companyat least without borrowing. And the skills NDI New Mexico teaches are exactly what our staffing team looks for in potential employees. He rebounded with a position at what is now the Empire State Development Corporation. I also think he was establishing his company here; to pull up and leave after that would have been very difficult," she says. Instead, he tried to make New Mexico work for him. Bill & Nancy Zeckendorf She started playing classical piano at age six via Sid has been in Albuquerque for over 30 years working as a keyboardist, vocalist, audio engineer, Born into a musical family, Albuquerque native Steve Figueroa began playing the drums at age 9. $$$ Gilbert is 86. She is trained in ballet, Gabriel graduated from the University of New Mexico with a B.A. Learn more about the impact of NDI New Mexico. W/C At a GlanceHistoryOur FoundersWhere We WorkFacility RentalsFAQs, StaffBoard of DirectorsCorporate CouncilCommittees, CareersDance Artists & InstructorsEDIA StatementContact Us, What We OfferFind A Dance ClassCalendarPerformance TicketsMerrill Brockway LibraryVolunteer, In AlbuquerqueIn Santa FeIn Northern New MexicoStatewide ResidenciesHIP to Be FitNDI New Mexico Waitlist, Teaching Excellence WorkshopTeaching Young Children WorkshopTrain the Trainer, The Hiland Theater in AlbuquerqueThe Dance Barns in Santa Fe, Who We ServeResults & EvaluationNews & PressFinancials, VoicesWatch Us in ActionHear from Our Alumni, How to GiveMeet Our Advancement TeamDonate OnlineOur Sponsors, Circle of ExcellenceCircle of DistinctionFounders' CircleCircle of Friends, Pillars of ExcellenceHonorary & Memorial GiftsLegacy GivingAlumniCorporate Support, Annual GalasGala Sponsorship OpportunitiesAdvertise in Our Program Book, Government and Corporate Relations Director, Santa Fe Artistic Associate and Dance Barns Instructor, Albuquerque Outreach and Hiland Instructor, Dance Barns Instructor & Administrative Assistant, Hiland Instructor and Administrative Assistant, Dance Barns Instructor and Outreach Apprentice, To learn more or to join the Corporate Council, please contact Myers Godwin, Albuquerque Development Director at (505) 340-0213 or. E/C = East Coast roots Money is a slippery thing, especially now. Richardson appointed Frank, a former PricewaterhouseCoopers senior partner who lives in Tesuque, to the State Investment Council this year. Wealth also gets harder to measure as it grows. Whether on the piano, in the studio, on the stage, or on the dance floor, Michael creates Todd has worked for NDI New Mexico since 1999 and has been the Albuquerque Music Director from Dr. Jessie Wenchieh Lo is a performing artist, recording artist, music educator, and music Matthew is an accomplished musician who has been in the New Mexico music scene for the past 6 Alyx Allie is a graduate of New Mexico State Universitys Dance Program under the direction of Pamela has been a dancer, choreographer, educator, and health care provider for most of her life. Shane, a native New Mexican, has been dancing for 22 years and teaching for 15 years. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights. Paul Peppard Thornburg's 29-year-old son has his own small plane. She fell in love with dance at a very young age and at eleven years old Kiri Chapman joined the NDI New Mexico team in 2022. "He came with a very high degree of self-confidence, which was merited," Zarin, who runs an investment firm on Long Island, NY, says. Other local institutions rallied for Thornburg. The New Mexican's headline when the City Council approved the bond: "Thornburg deal benefits schools." In 2037, when Garrett Thornburg is 91 years old, his company will purchase the land and building for $1. Ellis is certainly a millionaire with his fortune from acting estimated at around $6million. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. Nedra Matteucci There was no internet. Connie Cassidy* At the local level, they fund arts and civic organizationslike the Lensic Performing Arts Center and SITE Santa Fethat make Santa Fe a better place to live, and an arts and culture scene with cachet around the world. The CEO of defunct Thornburg Mortgage still earns $188,000 a month, even though his company is bankrupt, according to court documents. We haven't put out any money," City Attorney Frank Katz, who signed off on the bond, says. The Davises make their money managing other peoples, through their mutual funds; its a successful family business going back a couple of generations to New York. "He wasn't a genius because Bernanke set the short-term interest rate at Thornburg's benefit. E/C In 1982, in a small office on Galisteo Street, Thornburg founded Thornburg Investment Management. It's harder to get a mortgage these days. Leslie Nathanson Juris EEE Thornburg got a better deal than any ordinary homebuyer would be able to negotiate. "They don't want us to spend our time fighting with a mortgage company that's already failing over whether it's producing enough jobs," Dwyer says. TEX $$$ = Richer than God This First State Bancorp director also has a successful eponymous gallery. Thornburg declined an interview. Yet Thornburg's counsel estimated on paper the deal would save his companies $397,000 a year in property taxes, because Thornburg doesn't technically own the property. She has a BA in special education an a BS and MS in nursing and has worked in both professions over a span of 40 years. Patrick Lannan Starring Catherine Zeta-Jones as Vicki, a former beauty queen and current pageant coach who tries to coach an unlikely young woman through the brutal pageant world. Skilled workers had to be lured. Michael L Klein The company is structured as a Real Estate Investment Trust. Image Source: Meaghan's . His leadership of global warehouse giant ProLogis suggests a 21st century free marketeer, but hes got a bookish side, as a former St. Johns College board chair and director of Farrar, Straus and Giroux publishing. "That deal was done to avoid taxes," Lewis Pollack, another Concerned Citizen, says. $$ Over the three months leading up to March 2008, "Thornburg received margin calls totaling $1.777 billion" and came up $610 million short, Cohan writes"a dismal performance." Prospective buyers beware. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. Nassef Sawiris is an investor and a scion of Egypts wealthiest family.His most valuable asset is a nearly 6% stake in sportswear maker Adidas. Thornburg's reputation grew. He also was a director of CompUSA. EEE In tax returns filed with the case, Thornburg claimed income of more than a quarter-million dollars a year. Congratulations to the @BUAgroup and his family . Bill Richardson summoned Concerned Citizens to his office, Collins says. Shares of Econet Wireless Zimbabwe, which he founded, rose more than 750% in the past year, helping to drive up the size of his fortune. Evidently, he thought his companies, already worth millions, should pay even less. Jeff Bingaman, Chris Dodd and for Rep. Barney Frank, among others. Letters (no more than 200 words) should refer to specic articles in the Reporter. David Foster "Thornburg is often referred to as one of the good guys that's having trouble. Net worth: $13.9 billionRank in 2021: 1Net worth in 2021: $12.1 billionSelf-madeOrigin of wealth: Cement, sugarIndustry: ManufacturingAge: 64Country: NigeriaResidence: Lagos, Net worth: $11 billionRank in 2021: 4Net worth in 2021: $7.2 billionOrigin of wealth: Luxury goodsIndustry: Fashion and RetailAge: 71Country: South AfricaResidence: Cape Town, Net worth: $8.7 billionRank in 2021: 3Net worth in 2021: $8 billionOrigin of wealth: DiamondsIndustry: Metals and miningAge: 76Country: South AfricaResidence: Johannesburg, Net worth: $8.6 billionRank in 2021: 2Net worth in 2021: $8.5 billionOrigin of wealth: Construction and InvestmentsIndustry: Construction and engineeringAge: 61Country: EgyptResidence: Cairo, Net worth: $7 billionRank in 2021: 6Net worth in 2021: $5.5 billionOrigin of wealth: Cement,sugarIndustry: DiversifiedAge: 61Country: NigeriaResidence: Lagos, Net worth: $6.7 billionRank in 2021: 5Net worth in 2021: $6.3 billionSelf-madeOrigin of wealth: Telecom, oilIndustry: DiversifiedAge: 68Country: NigeriaResidence: Lagos, Net worth: $5.1 billionRank in 2021: 7Net worth in 2021: $4.8 billionSelf-madeOrigin of wealth: FoodIndustry: Food and BeverageAge: 78Country: AlgeriaResidence: Algiers, Net worth: $3.4 billionRank in 2021: 8Net worth in 2021: $3.2 billionOrigin of wealth: TelecomIndustry: TelecomAge: 67Country: EgyptResidence: Cairo, Net worth:$3.1 billionRank in 2021: 9Net worth in 2021: $3 billionSelf-madeOrigin of wealth: MiningIndustry: Metals and miningAge: 59Country: South AfricaResidence: Johannesburg, Net worth: $2.7 billionRank in 2021: 10Net worth in 2021: $2.8 billionSelf-madeOrigin of wealth: Media, investmentsIndustry: Media and entertainmentAge: 69Country: South AfricaResidence: Cape Town, Net worth: $2.7 billionRank in 2020: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: TelecomIndustry: TelecomAge: 60Country: ZimbabweResidence: London, Net worth: $2.5 billionRank in 2021: 11Net worth in 2021: $2.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 74Country: EgyptResidence: Cairo, Net worth: $2.2 billionRank in 2021: 12Net worth in 2021: $2 billionOrigin of wealth: Petroleum, diversifiedAge: 61Country: MoroccoResidence: Casablanca, Net worth:$1.7 billionRank in 2021: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: BankingIndustry: Finance and investmentsAge: 72Country: South AfricaResidence: Stellenbosch, Net worth: $1.5 billionRank in 2021: 15Net worth in 2021: $1.3 billionOrigin of wealth: Banking, insuranceIndustry: Finance and investmentsAge: 89Country: MoroccoResidence: Casablanca, Net worth: $1.5 billionRank in 2021: 13Net worth in 2021: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 46Country: TanzaniaResidence: Dar es Salaam, Net worth: $1.5 billionRank in 2021: 14Net worth in 2021: $1.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 76Country: EgyptResidence: Cairo, Net worth: $1.1 billionRank in 2021: 18Net worth in 2021: $1.1 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 60Country: EgyptResidence: Cairo.
What Hair Toner Should I Use Quiz,
Stable Cafe, San Francisco Wedding,
Articles C
