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Music 'Majors' Left After Sony-BMG Merger Jul 20, 1:18 PM EST The Sony-BMG merger leaves four music "majors" with about 80 percent of the $32 billion global music market They are: â€â€?Universal Music Group: Artists include Sting, Sheryl Crow, Marvin Gaye, Vince Gill and Diana Krall on labels including A&M Records, Motown, MCA, GRP and Impulse labels â€â€?Sony-BMG: Artists include Aerosmith, George Michael, Barbra Streisand, Avril Lavigne and Elvis Presley on labels including Columbia, Epic, Arista and RCA â€â€?EMI Group: Artists include David Bowie, Janet Jackson, Lenny Kravitz, Robbie Williams and Radiohead on labels like Capitol Records, Chrysalis and Virgin â€â€?Warner Music Group: Artists include Madonna, Craig David, Alanis Morrisette, Bjork, The Corrs, Cher, David Gray and Linkin Park on labels including Atlantic, Elektra, Maverick, Rhino, and Warner Bros Records The economic pain has been acute in Asia, where the number of billionaires fell to 61, down 50 percent from the peak in 1996 5 billion portions of the Wal-Mart fortune landed them in 7th place com/billionaires Membership in the exclusive club fell by 21 this year to 476, the third year of declines since the economy weakened and stock markets started falling Bill Gates leads the list for the ninth straight year, but the Microsoft co-founder's net worth fell 23 percent from a year ago to $40 â€â€?â€â€?â€â€? On the Web: http://www The 37 women on the list were led by Alice Walton and her mother Helen Walton, whose equal $16 Oprah Joins Forbes' List of Billionaires Feb 28, 7:54 AM EST While many of the world's richest people saw their fortunes shrink again in the last year, Oprah Winfrey's grew enough to put her on Forbes magazine's list of billionaires â€â€? the first black woman to join the ranks Other newsmakers on the list include Mexican telecom magnate Carlos Slim Helu, who is pumping millions into an effort to rejuvenate Mexico City and has hired Rudolph Giuliani to help solve its crime problem; Italian Prime Minister Silvio Berlusconi and New York Mayor Michael Bloomberg Forbes notes he is also the world's biggest giver, donating $1 billion annually to charity, largely to vaccine research "You see the poor economies wreaking havoc on their finances like everyone else 54 trillion last year Europe has 134 billionaires, up from 121 last year S He edged out software mogul Lawrence Ellison and five members of the Walton family, who rounded out the top ten 4 trillion from $1 8 billion last year The average age on the list is 64, but there are 25 billionaires under 40 7 billion The others are Doris Fisher of the Gap, who remains on the list, and Martha Stewart, who was on in 2000 and then lost her position Of the 67 billionaires who left the list, there were 30 Americans, including media mogul Barry Diller, venture capitalist Vinod Khosla and Sid Bass, a member of one of Texas's wealthiest families Oprah is the third self-made woman to ever make the list 6 billion, down from $26 8 billion 1 billion, down from $25 5 billion portion of one of the world's oldest fortunes when he turned 18 last year billionaires collectively lost $98 billion last year Three years ago there were no Russians listed; now there are 17 Few fortunes are made in a hurry Microsoft co-founder Paul Allen held fourth place with a net worth of $20 A fifth, Swiss businessman Klaus J But U 7 billion fortune Gates' personal wealth, much of it in company stock, has diminished by 60 percent since April 1998, when it briefly reached $100 billion The richest remains computer company founder Michael Dell, 38, who fell six places to 24, with a net worth of $9 5 billion, a 13 percent drop from last year forbes Meanwhile, Oprah's media empire grew steadily stronger, and she made the list this year with a net worth of $1 billion Another whose net worth plummeted was Canadian cable magnate Andre Chagnon, who donated nearly his entire fortune to help fight disease and obesity among children Investment guru Warren Buffett remained in second place with $30 The 222 Americans on the list hold 47 percent of the group's wealth The group's combined wealth also fell to $1 Russia has 10 new billionaires, thanks to higher oil prices, a 38 percent rise in stocks and a trend toward corporate transparency that has made it easier to identify the wealthiest Russians Germany's 43 billionaires are led by retailers Theo and Karl Albrecht, who remained comfortably in third place with a combined net worth of $25 Saudi Arabia's Prince Alwaleed Bin Talal Alsaud, Citigroup's largest individual investor, moved up to the fifth spot with a $17 Four of last year's billionaires were wiped out entirely â€â€? Swiss shareholder activist Martin Ebner, German media tycoon Leo Kirch, Brazilian television mogul Roberto Marinho and Turkish banker Mehmet Karamehmet 2 billion Her debut comes just two years after Black Entertainment Television founder Robert Johnson became the first black billionaire He is 19 now His worst year was 1999, when it plunged by a third as the government pursued an antitrust case against Microsoft Jacobs, gave it all away They're not immune," said Louisa Kroll, who edited Forbes' March billionaires issue, which hits newsstands Friday The youngest is Germany's Albert von Thurn und Taxis, who inherited his $1 |
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