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Posts Tagged ‘Rich List’

Going green will ruin the economy; not quite.

THE global rich are going green as never before. This first Sunday Times Green Rich List shows that the enthusiasm among the world’s wealthiest for investments in areas as diverse as electric cars, solar power and geothermal energy is unaffected by the recession.

According to Hurun Report’s annual Hurun China Rich List, Wang Chuanfu is China’s richest man. Chuanfu, founder and chairman of BYD (Build Your Dreams) Auto, has a personal fortune estimated at $5.1 billion. American investor Warren Buffet, currently the world’s second richest man (correct me if I’m wrong), invested $230 million in BYD last year. The investment quintupled the value of BYD over the past 12 months. It was reported in August, that Warren Buffett earned a $1 billion profit from an

The world’s few remaining billionaires all over the globe are turning into eco-barons. The Sunday Times had published first Green List of top 100 rich who are investing in some green technology or the other.  Environment is taking precedence in business too. Economics is turning into Geonomics. Yes, world wealth has gone down with recession and in the times of crisis it is quite intriguing that rich are investing in green technology. On top of the Green 100 list is Warren Buffet whose net