Tag Archives: immigrated
Patrick was born in 1952 in South Africa during the time of apartheid. His parents were Chinese immigrants who were compelled to leave their land following the Second World War. At an early age of sixteen, Patrick attained his graduation from his school. At the age of twenty-three, he attained his graduation degree from the University of Witwatersrand. He completed his internship at the Johannesburg General Hospital and acquired his Master of Science Degree from the University of British Columbia. He also happens to be the first resident to collect multiple research awards from a host of premiere institutions like the American College of Surgeons, Royal College of Physicians, Surgeons of Canada and the American Association of Academic Surgery.
He then immigrated to the USA for his surgical training at the University of California, Los Angeles. He became a member of the Medical School faculty at the UCLA as an assistant professor at a young age of 31. In 1991, he left UCLA to come with VivoRx, a diabetes research firm. He founded the American Pharmaceutical Partners in 1997 and owns around 80% of the shares. His fortune is an estimated $3.5 billion. He is currently the founder, chairman and CEO of Abraxis BioScience, a bio-technology company that is working towards the development of effective cancer treatment. This nanotech drug is believed to be extremely potent with fewer side-effects.
Prior to deciding on this answer it would be advisable to get the basics clear. Index is defined as a list of companies that are chosen from the stock markets. The rise and fall in the value of ratio of a consolidated collection of stocks in an index, for a specific time period is manifested through the return offered by the index. ETFs work on market capitalization and bonds. Since the index in itself is non-tradable, the investors are required to purchase all the stocks mentioned therein.
Although the ETFs can fluctuate, the investment can remain secure. You stand to receive the net asset value of your mutual fund investment. After the day’s transactions are over, this value is calculated. This is obtained by dividing the profits or losses by the total number of shares that constitute the fund. The movement of the ETF price is akin to the share prices. The closing price of the day is the ETF for that particular day. There are no further calculations required. The mutual funds are managed by professionals. For a mutual fund there might be a minimum subscription amount, while the ETF do not impose any such restrictions. But, the shares of the mutual funds are not burdened by brokerage charges; as such, the investor can transform his returns as handsome savings.
The choice basically depends on the expectation and objective of the investment portfolio.
The owner, president, chairman and CEO of the Red Apple Group is John Catsimatidis. He also owns the Gristedes Foods. There is a subsidiary of the Red Apple Group called the United Refining Company, which is owned by John as well. The Red Apple Group has its shares distributed in the aviation industry and the real estate sector. His business flourishes in the area comprising of New York, Florida and the U.S. Virgin Islands. The Hellenic Times publication is owned and operated by him. He can undoubtedly be considered as a multi-faceted business personality. His achievements and contribution towards the furtherance of his business and economy as a whole has made him the recipient of the Ellis Island Medal of Honor.
Catsimatidis immigrated to the United States as an infant, accompanied by his parents from the island of Nisyros, Greece. He acquired his graduation degree from the Brooklyn Technical High School in the year 1966. His journey towards becoming a millionaire started off in a pretty somber manner. His career began as a mere recruit under his uncle in the supermarket located on the 137th Street. He named his first store in Manhattan, named ‘Seven Eleven’. During the later part of the 1970s, he started his Red Apple supermarket on the 87th Street, adjacent to Broadway. Being a certified jet pilot, it was not hard for him to indulge in the aviation industry.
Jerry Yang was born on the 6th of November 1968 in Taipei, Taiwan. He is a Chinese American entrepreneur and the co-founder of Yahoo! Inc. He styled himself as the Chief Yahoo! At the age of eight, he immigrated along with his family to the United States of America. They settled down at San Jose, California. His father passed away when he was just two years of age. It is quite surprising to note that Jerry knew just one English word ‘shoe’ when he arrived at USA. This is despite the fact that his mother was an English teacher!
Within a span of three years, Jerry learnt the language and he attained his graduation from Sierramont Middle School and Piedmont Hills High School. He also acquired his BS and MS degrees in electrical engineering from the Stanford University and became a member of the Phi Kappa Psi community too. During his study of electrical engineering, Jerry created an internet website with David Filo and named it ‘Jerry’s Guide to the world wide web’. This was later renamed as Yahoo! and as the duo realized the business potential of this venture, they founded the Yahoo! Inc. in 1995. It initially started off as a web portal accompanied by a web directory. Although, Jerry is no longer the CEO of the company, he is a member in the board of directors.
Pierre Omidyar was born on the 21st of June, 1967 and is an Iranian-American entrepreneur born in France. His birth-place was Paris, France and his parents were Iranian immigrants. His father was a surgeon and his mother had earned reputation as an academic. The family immigrated to US when Omidyar was six years of age. He grew up at Washington D.C. and his interest in computers developed when he was at St. Andrew’s Episcopal School in Potomac, Maryland. He graduated in computer science from the Tufts University and soon after he began his career with Claris, a subsidiary of Apple Computers. In 1991, Pierre co-founded the Ink Development. It was a pen-based computing startup that later came to be known as e-commerce company and rechristened as eShop.
When Pierre was on a holiday weekend, he was busy developing the original computer code for what came to later known as eBay, the super-brand auction site. On the 4th of September 1995, Labor Day, eBay was officially launched. The services in the site were initially free but charges were introduced later on to meet the internet service provider expenses. In 1996, Jeffery Skoll joined the company and two years later, a public offering was launched and Pierre and Skoll both evolved as billionaires. Currently, the shares owned by Omidyar are an estimated $2.65 billion. The Omidyar Network with his wife Pam, is another of his achievements.
Apart from being a currency speculator, Soros is a stock investor, a philanthropist, entrepreneur and a political activist. He was born on the 12th of August, 1930 in Budapest, Hungary. With a fortune of an estimated $11.0 billion, George Soros is listed as the 29th richest man in the world. He is well known for his penchant for donations and since 1979, he has donated $6 billion in various causes. In the presidential election of America in 2004, he is believed to have rolled in millions, simply to bar the re-election of George Bush.
He is one amongst the three founders of the Center for American Progress and is a representative at the board. He is the chairman of the Soros Fund Management and the Open Society Institute. He has also founded Georgia’s Rose Revolution and which had an indelible political impact.
His father was a Hungarian Jew and an Esperantist writer. In 1956, Soros immigrated to New York City and began to work as an arbitrage trader. Later, he joined the Wertheim and Company as an analyst. Soros was a believer in the theory of ‘Relexivity’. Through the course of his career, Soros realized that he would be a better investor than a philosopher or executive. The journey towards becoming a millionaire began with the setting up of the First Eagle, his first investment fund.
Sergey Brin immigrated to America when he was six years of age. He was born on the 21st of august, 1973. The world’s most prominent Internet Company characterized by its popular search engine and online advertising technology is better known as Google Inc. Brin is a Russian-American computer scientist who also happens to be the co-founder on this multi-billionaire company.
He acquired his undergraduate degree from the University of Maryland and is a double major in computer science. After completing his graduation, he shifted to Stanford to do his Ph. D in computers and came across Larry Page. A superior search engine was born when these two came together, and Brin’s data mining technique was effectively used. This program became very popular in Stanford, and Larry and Brin rented a garage and began this mission of the launch of Google. The motto of Google is “Don’t be evil” and its objective is to make information across the world “universally accessible and useful”. Brin was even referred as the “Enlightened Man” in The Economist magazine.
Sergey was born in Moscow to a mathematics professor Michael Brin and his mother was a research scientist at the University of Maryland. His father dreamt of becoming an astronomer but the Communist Party in Russia debarred Jews from holding top positions. Thus, the family was rather compelled to immigrate to the USA.
Gurbaksh is the founder of two prominent advertising companies and is a multi-faceted professional, all rolled into one. He happens to be one of the most prominent American entrepreneurs, a television personality, an author and a motivational speaker. Gurbaksh was born on the 17th of July, 1982 in Tarn Taran, Punjab, India. He immigrated to the United States with his family in 1985. The family settled in San Jose, California. With just $25 in their account, the parents of Gurbaksh began to struggle with menial jobs in order to sustain their family.
At a tender age of sixteen, Gurbaksh dropped out of his high school and started off his first venture ‘ClickAgents’. This happened on the 15th of December, 1998. It was an advertising network that concentrated on performance-based advertising. On the 1st November, 2000, ValueClick took over ClickAgents in a whopping $22 million merger. This was an all-stock merger and a non-compete agreement that was devised between Chahal and ValueClick. On the 12th January, 2004, Chahal built BlueLithium, a yet another advertising network. It has earned the reputation of being the innovator in the field of online advertising space in a Business 2.0 article. On October 15th of the same year, Yahoo! bought BlueLithium for $300. Gurbaksh was introduced in the Oprah Winfrey Show as “one of the youngest and also the wealthiest entrepreneurs on the planet Earth”.
Stephen Girard was a Frenchman born on 20th May, 1750 and is still regarded as one of the richest and influential Americans of all times. He was a sailor, entrepreneur and philanthropist and a banker who had single-handedly saved the financial distress of the US government during the War of 1812. He had immigrated to America at an early age and from then on, he embarked on his enterprising nature and made good use of his entrepreneurial skills as he became a millionaire who had a say in the country’s financial status too.
Believed to be the fourth richest Americans of all times, Stephen Girard had his fortune estimated with the ratio of the prevalent GDP of the nation! Being childless, Stephen committed most of his wealth for the education and welfare of his orphans. Girard resided in Philadelphia and married in 1776.
The charter of the First Bank of the United States expired in 1811, and Girard decided to buy most of its stock, the building and its furnishings on the South Third Street in Philadelphia. He rechristened it as Girard’s Bank. He was the sole proprietor of the bank and hired George Simpson as the cashier along with seven other employees to embark on this journey towards becoming a millionaire. This was on 18th May, 1812. Later on, it merged with the Mellon Bank and a decade later purchased by Citizen’s Bank.
Theo Paphitis is a British immigrant from Greece. He was born on the 24th of September, 1959 in Limassol, Cyprus. He immigrated to England when he was six years of age along with his parents and brother. His millionaire story gradually got crafted in the retail sector and his popularity has its origin in his appearances for the BBC business program “Dragon’s Den”.
His name features in the Sunday Times Rich List, 2008 and currently his assets are worth an estimated 165 million pounds. Theo discovered his passion for retailing and sales when he was working at City of London Insurance broker as a tea boy. He sold commercial mortgages and learned to read the business balance sheets while he was working for Legal & General. At the age of 23, Theo set up his property finance company with his friend and associate, Mark Moran.
He got involved with the NAG Telecom when he noticed the rise of the mobile telephones and also negotiated deals with Ryman stationary stores. He eventually bought the company and his other ventures include Partners and Contessa. Theo is a co-owner of Red Letter Days and is looking forward to buy La Senza, a global lingerie brand. This immigrant millionaire believes in ‘common sense’ and states “There are three reasons to be in business. To make money, to have fun – and to make money”.