$$$ Their money comes from the Texas-based Burnett Oil and ranch empire. The bankruptcy also raises questions. According to reports, the brothers both stand at five feet and six inches tall. $ EEE Yet Thornburg's counsel estimated on paper the deal would save his companies $397,000 a year in property taxes, because Thornburg doesn't technically own the property. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. His brother Nassef is also a billionaire. Leslie Nathanson Juris Back in Minnesota, Thornburg sold the farm. Mail letters to PO Box 4910 Santa Fe, NM 87502 or email them to editor[at]sfreporter.com. Let's see what we can negotiate. "There's nothing we could've done except jawboned if we thought it was a bad idea." Out of Harvard, Thornburg didn't follow his peers to Wall Street. Learn more about the impact of NDI New Mexico. $$ish Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. Redwood Trust lost $444 million last year, but remains in business. Trish Farr* Now a director at Huntsman chemicals corporation, Reaud is known throughout the legal community as a champion of working men and womenat least according to his bio by the Beaumont Foundation, for which he serves as a board member. He owns 7% of diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg. And fine mortgage securities made up of our fine mortgages were rated AAA," Thornburg told investors last year. Anne & John Marion "It was made financially plausible by a 40-year tax abatement from the citythe first ever granted to a commercial property," The New York Times reported in 1983. In 2007, Casey became a managing partner at AIG Global Real Estate, a subsidiary of the finance and insurance giant. There was no internet. $$$ Thornburg wanted the city to help finance his new campus with a $45 million industrial revenue bond, similar to the deals he had arranged in New York. $$$ Gilbert is 86. MacArthur donated $7,900 and $10,000 to Richardsons two gubernatorial runs. The Times blurbed Thornburg in June 1979, when the company made him a vice president. Eddie Gilbert 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. NDI New Mexico provides children with the tools and skills they need to succeed. David Foster The bond deal behind it resembles a labyrinth. "New Mexico is very perfect for me," Jirby says. In the 1980s, Albin worked in the oil and gas division of monster investment bank Goldman Sachs. Learn more about the impact of NDI New Mexico. Klein serves on SITEs board. EIN number 85-0431846.Copyright 2023 | Donor Privacy Policy | Privacy Policy | Photography Credits. Letters (no more than 200 words) should refer to specic articles in the Reporter. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt. TEX "The 'genius' element was very simple. Thornburg Mortgage was not a "retail" operation like, say, Countrywide, the most infamous of subprime mortgage lenders. Vernon Bud O Hamilton The house was off Old Pecos Trail, at 512 Camino Lejo. The companies pledged to "create 100-200 new permanent jobs." In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. Shaw Bowman* All that's left in the Thornburg name in Minnesota, property records say, is a home in downtown Lakefield. The second time is now. Peter Oppenheimer has a net worth of $200 million. In tax returns filed with the case, Thornburg claimed income of more than a quarter-million dollars a year. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. No end of geniuses," Collins says. J. Robert Oppenheimer, known as the "father of the atomic bomb," battled with the invention he helped to develop for the remainder of his life. 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. According to a Bloomberg News profile, Miller, 59, lives in the Maryland suburbs and travels to Santa Fe four times a yearbut hes around enough to make this list. Born in Ames, Iowa, Russell grew up with a passion for music, performing and the arts. Their new mansion is so big, according to The Santa Fe New Mexican, the county assessor cant even figure out how to put a value on it. Miller famously beat the stock market for 15 years running with his Baltimore-based mutual fund, the Legg Mason Value Trust. She is trained in ballet, Gabriel graduated from the University of New Mexico with a B.A. We think its important for people whom Santa Fes been good to, who may be from somewhere else, to understand our community. 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. $$$ $$ish The late William Zeckendorf Sr. was a big real estate developer in New York City. Crosswinds put the real estate tycoons net worth at $200 million in 1996. Vicki Ellis, a very successful beauty pageant coach, is portrayed in the program by Catherine Zeta-Jones. Amanda Marquez*, Aleem Hasham, Co-Chair Beginning in 2007, Thornburg Sheep Co. began selling off hundreds of acres for approximately $2 million. Those jobs, and the wealth they created, justified the tax breaks Thornburgs companies won over the years and the public accolades theyve received. Peter Frank According to TCM, Katharine Hepburn died on June 29, 2003 at the age of 96. "We were targeted," Santa Fe Councilor Miguel Chavez, who voted against financing the Thornburg campus in 2007, says. If theres anything people lie about as often as sex, its money. Albert S Waxman Richard L Bloch "Unbeknownst to the attendees of the meeting and investors," the suit claims, Thornburg "was just two days away from commencing the sale of 35 percent of its highest quality mortgage-backed assets to meet margin calls." He runs OCI, one of the worlds largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam Exchange. To report this story, SFR scoured Santa Fe County property records, nonprofit tax returns filed with the Internal Revenue Service, philanthropic donor lists, Securities and Exchange Commission filings, private aircraft registrations with the Federal Aviation Administration, political campaign donors through the Federal Election Commission, court records including divorces and lawsuits, press accounts of luxury homes and art collectors, and straight-up town gossip. He started borrowing and borrowing and borrowing to make more loans and make more income at that spread between 2 and 5 [percent]," Collins says. As of 2021, he has an estimated net worth of $50million, according to Celebrity Net Worth. He also makes his debut as a showrunner/executive producer with this project. A University of New Mexico graduate, Kai began dancing at an early age in Santa Fe, New Mexico at Dance for Joy, Charisma and NDI New Kimberly White was born and raised in Albuquerque, New Mexico. For over 45 years, his impact has been profound Jamai is Founder and CEO Emeritus of Innovate+Educate, a non-profit she started in 2008 with a vision for an industry-led board focused on education and workforce strategies to address the significant gaps between supply/demand in both education and workforce. In a 1999 article about Gilberts new Santa Fe-based property company, BGK Equities, Forbes described him as a two-time securities convict who once fled to Brazil to escape lenders worth more than $100 million, with a 3-acre Santa Fe estate [where] 10-foot electric gates open onto a broad, crushed-stone dooryard. Ms. Fisher provided a broad spectrum of legal services for Presbyterians statewide healthcare delivery system, Presbyterian Health Plan, and the organizations Kelcy Flanagan is the President & CEO of the New Mexico Society of CPAs. Thompson Jr.Garrett Thornburg. "Thornburg Mortgage wasn't the only company out there that was leveraged," Chicaferro says. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. The former RJR Nabisco board chairman and his wife have a $1.5 million home here. Skilled workers had to be lured. Julie Bowdich Maria Gale "I would consider both Garrett and Larry Goldstone to be very, very smart guys," Chicaferro says. Joe Farr* Randy Travis Ocean Munds-Dry is Managing Counsel for ConocoPhillips where she advises the company on New Mexico legal and regulatory matters. Thornburg got a better deal than any ordinary homebuyer would be able to negotiate. "That's how these credit bubbles work. E/C Former Santa Fe Opera board of directors member Dubin founded the investment firm Dubin Clark & Company, based in tony Greenwich, Conn. By all accounts, Bear Stearns wasn't interested. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. NDI is recognized for "Teaching Children Excellence," and has introduced thousands of New Mexico . Bill & Nancy Zeckendorf Litigating shareholders say Thornburg Mortgage overborrowedleveraging up to $12.50 for every $1 it held in equity, well over what federal regulations allow for commercial banks. In 1982, in a small office on Galisteo Street, Thornburg founded Thornburg Investment Management. "We don't know where the money's going, what the impact is or what the rate of return is." "It sold real well," broker Dan Pike says. $1 Million - $5 Million. The world's 12 wealthiest people got richer by $36 billion in a day - and have now gained $264 billion in net worth this year. Catherine Oppenheimer net worth is $8 Million Catherine Oppenheimer Wiki: Salary, Married, Wedding, Spouse, Family Catherine Oppenheimer is an actress, known for Sing (1989). Jeffrey Branch Jane Fonda This First State Bancorp director also has a successful eponymous gallery. In December 1971, still in Jamaica, Thornburg married Inger Jirby, an artist from northern Sweden, who speaks seven languages. Two days later, the company laid off 130 of 150 employees. Thornburg Investment Management and Thornburg Securities had paid $115,000 in gross receipts taxes over two prior years. She also talks about landing Catherine Zeta Jones, the show's upcoming storylines, and the prospects of a second season on Facebook Watch. The pair trained as lawyers before they went into the real estate business. $$$ And the skills NDI New Mexico teaches are exactly what our staffing team looks for in potential employees. "We like to keep our name out of the press," Investor Relations Director Mike McMahon says. Reaud owns the only Gulfstream IV, a 19-passenger business jet that costs roughly $20 million, registered in Santa Fe County. As a consultant to the US Office of Education he Maria Gale is a retired medical social worker and psychotherapist who relocated to New Mexico from the Cleveland, Ohio area in 1995. In 1997, he bought low-producing gold mine shafts and later turned them profitable. Sarofims daughter Allison reportedly played a centaur in the first Chronicles of Narnia film. E/C SFR, Online Only: Read SFR's extended interview with Eric Janzen in which the Author of The Post Catastrophe Economy discusses his thoughts on capitalism's boom-bust cycle and the rise and fall of what he calls the "FIRE economy.". Santa Fe Community Foundation President Billie Blair says her organization confronts, on a daily basis, the disparity of people who wonder where there next meal is coming from and people of high net worth. For years, Blair used to take wealthy donors to field trips on the Southside, to elementary day camps, low-income housing developments and taquerias. They also bought and sold Ghiradelli Chocolates. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. He is a financial backer of Faena District, a multi-block, multi-use real estate project under way in Miami Beach, led by Argentine developer Alan Faena, who in 2012 started amassing hotel. He owns 85% of publicly-traded Dangote Cement through a holding company. Thornburg did, in 1990, to Juliana Feldman. $$ish Last week, after 14 years of growth and two years on life support, Thornburg Mortgage announced its bankruptcy. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. "No. Ocean Munds-Dry Donate today to Friends of the Reporter. Skilled workers had to be lured. Four months after that promotion, Jirby gave birth to a son, Lloyd. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. Thornburg found borrowers over the internet and through "correspondent" lenders around the country. Thornburg and his third wife, Catherine Oppenheimer, who founded the National Dance Institute of New Mexico, are involved in a new charter school for the arts. E/C "And basically, the only ones that really survived this were if you were a bank and had access to the federal funding." $$$ It was "the single worst investment of my career," Rainwater told BusinessWeek last year. Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. RT @sir_yb: Abdul Samad Rabiu, the second wealthiest person in Nigeria, has surpassed South African billionaire, Nicky Oppenheimer in net worth, now ranking as the third richest individual in Africa with a net worth of over $8.6 billion. The new Thornburg campus, which opened this year, looks down over the city like a citadel. Thornburg declined an interview. The company jet, part owned by Thornburg personally, is not up for sale. Affecting their life outcomes will change the picture of New Mexicos future and is the key to a thriving economy. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. Gov. However, The Guardian notes that Hepburn had been sick for some time and was suffering from Parkinson's disease prior to her death. SFCC is supposed to get $15,000 a year for the next decade starting later this year, spokeswoman Janet Wise says. Heather is worth $3 million, according to CelebrityNetWorth.com. $$ish In Israel, her family flipped houses and invested in properties. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. He went to Jamaica, where, with US government financing, he developed a 311-unit housing project. Catherine Oppenheimer And he can borrow money at 2. He felt Richardson wanted his group to back down. Subsequent to the economic crash, AIG has received a total of $182.5 billion in federal aid, according to the Government Accountability Office. Born in South Africa, Nicky Oppenheimer . "Thornburg is often referred to as one of the good guys that's having trouble. (When they divorced six years later, Juliana got a $600,000 settlement, the Lexus, a fur coat and the shar-pei.) Money is a slippery thing, especially now. The company managed mutual funds (and still does$34 billion worth, as of Dec. 31, 2008). "Any way they could find to put a favorable slant on this, they did. Thornburg spokesman Miller says that won't happen anyway and that the payments are up-to-date. However, according to Thornburg's possibly lowballed estimate, the state, the county and the schools are out $368,000 a year. Sonny Otero Val Diker Paul De Domenico Your email address will not be published. We believe [the suit] has no merit," Thornburg Investment Management spokesman Miller says. It's harder to get a mortgage these days. NICKY OPPENHEIMER & FAMILY. Albuquerque Business First Non-Profit of the Year Award, 2015, 2020, Best of Santa Fe Reporter, 2017, 2018, 2019, 2020, Four-star rating four years in a row! He and his son retained a 96% stake in the company. One is that housing prices always go up and stock prices always go up," Eric Janszen, a former venture capitalist and author of a forthcoming book, The Post-Catastrophe Economy, says. Image Source: Meaghan's . New York Magazine called it a rugged adobe pleasure dome in a 2006 story about the controversy the home caused; many locals use harsher words. "Everybody's happy and, all of a sudden, here's Thornburg," Patrick Collins says. Of course he's making money. In March 2021, Motsepe was elected president of the Confederation of African Football, the sports governing body on the continent. Garrett Thornburg was born in January, 1946. $$ish Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. He wasn't alone. Mayo King, Co-Chair Thornburg's empire was built on his grasp of both market trends and government regulations. In 2019 . A former caretaker of his Santa Fe estatewhose duties are to care for the art collection, manage vendors, maintain budgets and supervise staffdescribed it as three residences on 8.5 acres, according to The Santa Fe New Mexican. $$$ There was no internet. MacArthur, 76, founded and still heads Dynamac, a government contractor with lucrative deals, including a $120 million support contract at NASAs Kennedy Space Center. "Maybe it was a disadvantage [for Garrett] to be in a small place like Santa Fe." Back in 1985, he sued a local contractor over the 14,000-square-foot indoor horse-riding arena hed built on his property; the contractors estimate was $321,000, but it ended up costing twice as much. $$$ Kelcy Flanagan Life was good. Andrew & Sydney Davis But last year, after Millers bad bets led to a collapse in Legg Masons value, both The New York Times and The Wall Street Journal ran columns reassessing his legendary status. Neighbors had thought the land would stay vacant, and feared development would make Tano Road a death trap. $$ According to the suit, "the constant fear of bankruptcy" drove executives into "a deliberate pattern of concealment and selective disclosure." Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. In early January 2022, Rabiu listed his sugar and food firm BUA Foods on the Nigerian stock exchange with a market capitalization of nearly $2.8 billion. Today he invests his time and resources where he thinks he can make a difference. As Apple's CFO Peter had a wide range of responsibilities including overseeing the controller, treasury, investor relations, tax,. He heads Miller Strategic Consulting, a locally based venture capital firm, and serves on the boards of Hitachi Medical Systems, the biometrics company Lumidigm and SITE Santa Fe. Bill Jr. continues in that business, developing condos, office and luxury property in NYC, the Hamptons and Palm Beach, among other places. She began her early dance training Ms. Lina Ramos a native New Mexican is an arts educator, director, conductor, opera singer and After her professional career with the San Francisco Ballet, Lori taught for many years in Los Melissa is a graduate of New York University/Tisch School of the Arts (MFA in dance) and Smith Rachel Zervakos earned her B.F.A. "Since there was no statutory basis for tax relief to a private commercial developer, Mr. Trump offered to sell the hotel for $1 to the Urban Development Corporation [where Thornburg was then chief financial officer] and lease it back for 99 years at a modest rental in lieu of taxes." He also was a director of CompUSA. Net Worth in 2023. Their $906,000 home on Thunderbird Corto is a short drive from the campus, soon to be emptier. According to a 2007 New York Times article, the De Domenicos also hoped to sell a property they purchased in Fiji some 40 years ago at the urging of their friend, actor Raymond Burr; the Times called it a network of lush valleys and hills, with its own waterfall, running streams, sunset views and about six kilometers, or four miles, of beach. (Forbes discounts the values of stakes when the public float is less than 5%.). The quasi-public sector launched Thornburg to Bear Stearns, the recently deceased investment bank. Carol Cochran The couple had a son in April 2000. Salary in 2023. Katie Thompson By 2004, the adopted Santa Fean was lionized as an odd Western wizard. In any case, the question might be of hardly an issue. She is a well-known actress, producer, and writer whose primary source of income is her acting career. Thornburg would keep his company stock and his tax-deferred retirement account. The corporate culture was "vicious," Zarin recalls. The case where Meaghan Oppenheimer possesses more net worth than her global icon husband, Tom seems highly unlikely. At Bear Stearns, Thornburg told interviewers, he developed expertise in using public "industrial revenue bonds" to benefit private developers. Peters is a very rich man, an employee of his property company, Southwest Asset Management, allegedly told a Plaza Mercado tenant who complained about mold, according to a 2008 lawsuit. In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of NBA Nicks and the NHL Rangers teams. in Dance from Illinois State University and has served on the dance faculties Cyann grew up dancing in Carlsbad, New Mexico starting at the age of 5.
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