Archive for February, 2010

Sabah Chief Minister’s salary is RM15,730 per month (2009)

Friday, February 19th, 2010

It was reported by Bernama on 3rd August 2009 that the Sabah State Assembly has approved a pay increase of between 10 and 61 per cent for the Chief Minister, state cabinet members and assemblymen with effect from 1st June 2009.

The last adjustment was in 2000.

Chief Minister’s salary: RM15,730 per month (previously RM14,300)
Deputy Chief Minister: RM13,915 per month (previously RM12,650)
Minister & Speaker: RM10,890 (previously RM9,900)
Deputy Minister & Deputy Speaker: RM8,470 (previously RM7,700)
State legislative council members: RM5,300 (previously RM3,300)
Political secretary: RM3,630 (previously RM3,300)

I wonder if they have yearly raises. I think the salaries of the political secretaries are on the low side, so much so that if they ever need to produce club flyers, they’d think twice about the cost first.

Selangor Menteri Besar earns RM47,222 monthly

Friday, February 19th, 2010

It was reported in March 2009, that Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim earns RM47,222. That includes fixed allowances.

Breakdown:
Salary: RM11,715
Allowances: RM35,507

This was revealed in the Selangor State Government website.

Among the other politicians, Teresa Kok recorded an income of RM32,830.67 per month, including allowances. Hmm… that should be enough to purchase prenatal vitamins don’t you think?

Source
The Star, March 2009

Self made billionaires 35 years old or younger in 2009

Friday, February 19th, 2010

As reported by Forbes in September 2009, it seems only the following are still in the list of the youngest self made billionaires 35 years of age or younger:

Sergey Brin, 35, worth USD12 billion, Google co-founder

John Arnold, 35, worth USD2.7 billion, made his fortune from hedge funds

Fell off the list:

Larry Page, 36: overage!

Mark Zuckerberg, 25, but strangely he’s listed as worth USD2 billion in the “richest Americans list”, Facebook founder, company was valued at USD6.5 billion in May 2009.

Xiaofeng Peng, 34, was listed as worth USD2.5 billion in 2008, made his fortune from solar energy

Kostyantin Zhevago, 35, was listed as worth USD3.4 billion, made his fortune from banking & mining, the Ukraine’s youngest billionaire

Xian Yang, 35, was listed as worth USD1.6 billion, made his fortune from coal mining

Sameer Gehlaut, 35, was listed as worth USD1.2 billion, made his fortune from finance

Still, off the list or not, I’m sure they’d have little problem fending for themselves, unlike us mere mortals, who, for even seemingly trivial matters as finding treatment for hemorrhoids, would immediately think of the cost first.

Source

Self made billionaires 35 years old or younger in 2008

Friday, February 19th, 2010

As reported by Forbes in May 2008:

Mark Zuckerberg, 23, worth USD1.5 billion, Facebook founder

Xiaofeng Peng, 33, worth USD2.5 billion, made his fortune from solar energy

Sergey Brin, 34, worth USD18.7 billion, Google co-founder

Larry Page, 35, worth USD18.6 billion, Google co-founder

Kostyantin Zhevago, 34, worth USD3.4 billion, made his fortune from banking & mining, the Ukraine’s youngest billionaire

Xian Yang, 34, worth USD1.6 billion, made his fortune from coal mining

John Arnold, 34, worth USD1.15 billion, made his fortune from hedge funds

Sameer Gehlaut, 34, worth USD1.2 billion, made his fortune from finance

Dmitry Zelenov, 35, worth USD1.4 billion, made his fortune from real estate

Sergei Polonsky, 35, worth USD1.2 billion, made his fortune from real estate development

Viktor Kharitonin, 35, worth USD1.1 billion, made his fortune from pharmaceuticals

Wow, these guys are the envy of young people everywhere, now with all the food they’re consuming, they’d need to read up on colon cleanse reviewss to ensure that wealth can be enjoyed for many years to come.

Source
Forbes

The world’s youngest ever self-made billionaire in 2008

Friday, February 19th, 2010

As mentioned by Forbes in May 2008, at the tender age of 23, Facebook founder Mark Zuckerberg was already worth USD1.5 billion. Even Bill Gates only became a billionaire at age 31 in 1986 when Microsoft went public.

There are 6 billionaires in the world under the age of 30, but only one of them is self made: Mr Zuckerberg.

Salute!

He’s ranked 785th among the world’s billionaires.

The other 5 inherited their wealth:
- Albert von Thurn und Taxis (Germany), 24
- Hind Hariri (Lebanon), 24
- Yang Huiyan (China), 26, China’s richest woman. Sorry guys, she’s already married.
- Fahd Hariri (Lebanon), 27
- Aymin Hariri (Saudi Arabia), 29

Needless to say, these young people will never need to worry about having enough money to buy food, but they’d need to worry about looking out for top rated fat burners instead.

Source
Forbes

Malaysia’s richest people in 2009

Friday, February 19th, 2010

According to Malaysian Business on 16th Feb 2010, the top 40 richest Malaysians became richer in 2009 compared to the previous year: collectively worth RM156.7 billion as compared to RM96.3 billion.

This is due to a recovery in the stock market.

However, that is still less than their 2007 total worth: RM171.9 billion.

Still, there were more RM billionaires this year: 22 as compared to 14 previously.

The ricest Malaysian is still Tan Sri Robert Kuok, of Kuok Group, never mind that he’d lost his Sugar King title last year. He’s worth RM42 billion, up a staggering RM16 billion.

As usual, telco magnate T Ananda Krishnan is second with RM27 billion.

Others:
- Tan Sri Lee Shin Chen, IOI Corporation Bhd: RM11.92bil
- Tan Sri Teh Hong Piow, banker: RM10.86bil
- Tan Sri Lim Kok Thay, Genting Group: RM10.38bil
- Tan Sri Quek Leng Chan, Hong Leong Group: RM7.09bil
- Tan Sri Syed Mokhtar Albukhary, Albukhary Foundation, richest Malay: RM6.01bil
- Puan Sri Lee Kim Hua, the late Lim Goh Tong’s widow
- Tan Sri Tiong Hiew King, Rimbunan Hijau Group
- Tan Sri Vincent Tan, Berjaya Group.

Newcomers:
- Lee Swee Eng, KNM Group
- Datuk Shahril Shamsuddin & Shahriman Shamsuddin, Sapura
- Datuk Seri Nazir Razak, the PM’s brother, CIMB Group
- Ong Leong Huat, OSK Holdings

Hmm… with so much money there’d surely be temptation to eat, drink and be merry – these guys could well do with reading up on appetite suppressant reviews for their own good.

Source
Bernama, 16 Feb 2010

Las Vegas Rapid Detox Medical Clinic

Sunday, February 14th, 2010

Recovering drug addicts can consider undergoing treatment at the Las Vegas Rapid Detox Medical Clinic.

The procedure takes around 8 hours, then one-on-one nursing care for up to 2 days.

Costs between USD12K and USD14K: the cost includes a 3-day recovery period at Solutions Recovery Center, Las Vegas. That is apparently cheaper then many other rapid detox“>rapid detox centres.

It is done by Dr. Thomas Yee, who has 20 years’ experience as an anesthesiologist.

The first female self-made millionaire

Monday, February 8th, 2010

The world’s first woman millionaire who built her wealth on her own was African-American : Madam C.J. Walker (1867 – 1919). She made it big in the development and selling of beauty and hair products targeted to black women, under her company: Madam C.J. Walker Manufacturing Company.

Born to parents who had been slaves, she married at 14, widowed at 20. She then worked as a laundress, then a sales agent at the age of 38 for another black lady entrepreneur who made hair care products. Thence she made her own products.

She remarried in 1906 but divorced 4 years later.

By the year 1917 she was the top black lady in business in the US.

She died at the age of 51.

She was also known as a philanthropist.

What an inspiring person – now follow her example – don’t spend too much time on those ps3 games!

How social media can be bad for you financially

Wednesday, February 3rd, 2010

The first thing that comes to mind is the case of Larry Johnson, the Kansas City Chiefs football player who was fined USD213,000, then lost his job when he wrote homophobic entries on Twitter.

Potential employers should always be assumed to be constantly googling jobseekers’ names. If they see something about you that puts you in a bad light, it could cost you your present job, or the job you’re after.

Debt collectors is now using social media to track down debtors, if they can’t get you through the usual channels. Example: they can use social media to say: hey, you said you can’t afford to pay back USD100 monthly, then how come that 50″ LCD TV is in your living room?

Scammers would scour social media sites for personal information lying around that they can use to take advantage of unsuspecting victims.

Source
Yahoo Finance, 28 Jan 2010

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