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Thursday, March 8, 2012

5 so-called health foods you should avoid

5 so-called health foods you should avoid



By Katherine Tallmadge, Published: February 28




Eating healthy can be harder than you think, thanks to an enterprising food industry that wants us to consume more than we need. That’s because our country’s agricultural system produces twice what most people require, according to the U.S. Department of Agriculture’s Economic Research Service. This encourages creative marketing to unload the excess, much of it with minimal nutritional value. As a nutrition consultant, I know that words such as “low fat,” “high fiber,” “multigrain” and “natural” can fool even the most sophisticated customers into believing what they’re buying is healthful. So what can you do? First, make a habit of reading the ingredients list, not just the Nutrition Facts panel. And remember the following products worth resisting.





The oil is the healthiest part of a nut, containing most of the nutrients, so there’s no advantage to taking it out. In fact, it’s worse because it robs the peanut butter of its health benefits. “Reduced-fat peanut butter has as many calories and more sugar than the regular,” says Bonnie Liebman, nutrition director for the Center for Science in the Public Interest.


Instead: Buy regular peanut butter. Eating one or two ounces of nuts daily is associated with reductions in heart disease and cancer risk. A recent Harvard study showed that eating nuts is associated with lower body weights.






Enhanced water


Drinks such as Vitaminwater are essentially sugary drinks with a vitamin pill. They are “unequivocally harmful to health,” says Walter Willett, professor of epidemiology and nutrition at Harvard’s School of Public Health. “Whether vitamins dissolved in water have any benefit will depend on who you are and whether you are already getting enough. . . . Some people may be getting too much of some vitamins and minerals if they add vitamin water on top of fortified foods and other supplements.” A recent Iowa Women’s Health Study found an association between certain commonly used vitamin and mineral supplements and increased death rates.

Instead: Drink water, ideally from the tap (“Eau du Potomac,” as it’s known locally). It’s the best drink for hydrating your body, is naturally calorie-free and contains fluoride to prevent tooth decay. No supplement matches the nutrients in whole foods such as fruits, vegetables, nuts and whole grains.



Energy bars

The reputation of these bars, also known as meal replacement bars, is that they are healthy, aid in weight loss or help build muscle. In fact, they are calorie bombs: candy bars with vitamins, protein or fiber added. For most of them, sugar is either the first (predominant) or second ingredient.

Instead: Snack on fruit or veggies for weight loss and yogurt for muscle gain. If you’re hiking a long distance and want a healthful, nonperishable calorie bomb, try nuts and dried fruit.



 
Multigrain foods

Multigrain breads, crackers and cereals are often the most confusing foods. People see “multigrain” and think “whole grain.” That’s not necessarily so. This is an important distinction because people who eat whole grains have a lower incidence of diabetes, heart disease and cancers, and are less likely to be overweight compared with those who eat refined grains. Note that when “enriched wheat flour” is listed in the ingredients, that’s refined flour.

Instead: Be sure a whole grain, such as whole wheat, whole oats or brown rice, is the first and preferably the only grain in the ingredient list. A great example is a cereal listing whole rolled oats as the only grain. Alternatively, consider an egg for breakfast. “The huge amounts of refined starch and sugar that many people eat for breakfast, often thinking that this is the healthy choice, does far more damage to their well-being than an egg,” says Harvard’s Willett.



Non-fried chips and crackers

It’s easy to believe these foods are healthful because of labels such as “baked,” “low fat” or “gluten free.” But most are made with refined grain or starch, which provide plenty of calories and few nutrients. Popchips, for example, are a new product marketed as healthful. But the ingredients are highly refined potato flakes, starch, oil, salt and about 14 additional things. Pita chips, made with white flour, oil, salt and several more ingredients, are no better. To boot, research shows that too much refined grains and starches increases the risk for heart disease, cancers, diabetes and weight gain.

Instead: Try Wasa or Finn Crisp Original Rye crackers. They’re 100 percent whole grain and have little sodium. If you’d like a chip, try Terra Chips, made with sliced vegetables, or even a 100 percent whole grain chip fried in a healthy oil, such as olive or canola. Tortilla chips and SunChips are two examples. “Now that trans fats have been removed from most cooking oils, the healthiest part of potato chips is the fat,” Willett says. “And chips made of whole grains rather than potatoes, like Frito-Lay’s SunChips, can legitimately be considered a health food,” so long as you keep to the one-ounce serving size.





Tallmadge is a registered dietitian and the author of “Diet Simple” (LifeLine Press, 2011).




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 





















Eating More Red Meat May Mean Quicker Death


By Todd Neale, Senior Staff Writer, MedPage Today

Published: March 12, 2012



Reviewed by Zalman S. Agus, MD; Emeritus Professor, Perelman School of Medicine at the University of Pennsylvania and Dorothy Caputo, MA, RN, BC-ADM, CDE, Nurse Planner



Action Points


This prospective longitudinal study shows that consumption of both processed and unprocessed red meat is associated with an increased risk of premature mortality from all causes, as well as from cardiovascular disease and cancer.

Substitution of red meat with fish, poultry, nuts, legumes, low-fat dairy products, and whole grains was associated with a significantly lower risk of mortality.






Increasing consumption of both processed and unprocessed red meat was associated with a greater risk of dying during the study period, data from two large, prospective studies showed.

Through up to 28 years of follow-up, each additional serving of red meat per day was associated with a relative 13% to 20% increased risk of all-cause mortality, with the higher risk attributed to processed meats, according to Frank Hu, MD, PhD, of the Harvard School of Public Health in Boston, and colleagues.

It was estimated that 9.3% of the deaths in men and 7.6% of the deaths in women could have been prevented by consuming less than half of a serving of red meat (42 grams) per day, roughly equivalent to about one hot dog, the researchers reported online in Archives of Internal Medicine.

However, 77.2% of men and 90.4% of women consumed more than that during the studies.

Hu and colleagues examined data from the Health Professionals Follow-Up Study, which tracked men ages 40 to 75 at baseline from 1986 to 2008, and from the Nurses' Health Study, which followed women ages 30 to 55 at baseline from 1980 to 2008.

The current analysis included 37,698 men and 83,644 women, all of whom were free from cardiovascular disease and cancer at baseline.

Diet was assessed at baseline and every four years using a food frequency questionnaire. Unprocessed red meat included beef, pork, lamb, or hamburger and processed red meat included bacon, hot dogs, sausage, salami, and bologna.

During follow-up, the amount of red meat eaten declined for both men and women.

There were 23,926 deaths, including 5,910 from cardiovascular disease and 9,464 from cancer.

Consistent with the analysis of all-cause mortality, each additional serving of red meat per day was associated with a greater risk of cardiovascular mortality (HRs 1.18 for unprocessed products and 1.21 for processed products) and cancer mortality (HRs 1.10 and 1.16).

That was after adjustment for several potential confounders, including age, body mass index, alcohol consumption, physical activity levels, smoking status, race, menopausal status and hormone use in women, family history of diabetes, MI, or cancer, personal history of diabetes, hypertension, or hypercholesterolemia, and intakes of total energy, whole grains, fruits, and vegetables.

Additional adjustment for other foods or nutrients yielded similar findings. Adjustment for saturated fat, cholesterol, and heme iron weakened the relationships with cardiovascular mortality slightly, although they remained statistically significant.

The researchers estimated that substituting one serving per day of various other foods -- like fish, poultry, nuts, legumes, low-fat dairy, and whole grains -- for red meat was associated with a 7% to 19% lower risk of dying during follow-up.

In an accompanying commentary Dean Ornish, MD, of the University of California San Francisco, noted that "plant-based foods are rich in phytochemicals, bioflavonoids, and other substances that are protective."

"In other words," he wrote, "what we include in our diet is as important as what we exclude, so substituting healthier foods for red meat provides a double benefit to our health."

Hu and colleagues said that the saturated fat, cholesterol, heme iron, sodium, and nitrites in red meat might explain some of the risk of cardiovascular death, and that some compounds either found in red meat or created by high-temperature cooking -- including nitrosamines, nitrosamides, polycyclic aromatic hydrocarbons, and heterocyclic amines -- are potential carcinogens and might explain some of the risk of cancer death.

They acknowledged that the study was limited by potential errors in measuring red meat intake and by the uncertain generalizability of the findings outside of the study population, which was predominantly non-Hispanic white health professionals.





The study was funded by grants from the NIH and by a career development award from the National Heart, Lung, and Blood Institute.

The study authors reported that they had no conflicts of interest.

From the American Heart Association:

Diet and Lifestyle Recommendations: Revision 2006

Science News from EPI/NPAM 2011: Changes in Fish and Meat Intake after Medical Diagnoses in Men and Women

Primary source: Archives of Internal Medicine
Source reference:

Pan A, et al “Red meat consumption and mortality: results from two prospective cohort studies” Arch Intern Med 2012; DOI: 10.1001/archinternmed.2011.2287.

Additional source: Archives of Internal Medicine
Source reference:

Ornish D “Holy cow! What’s good for you is good for our planet” Arch Intern Med 2012; DOI: 10.1001/archinternmed.2012.174.


















 
 
 
 
 
 
 
 
 
 


Red Meat Increases Risk Of Cancer, Heart Disease And Death





























Red meat is blamed for one in 10 early deaths



























Red meat boosts risk of dying young: study; Just one portion of processed meat boosts death risk by 20%














































Wednesday, March 7, 2012

Taylor's College Scholarships & Bursaries

Prospective Students


Taylor's College Scholarships & Bursaries
 
 
As one of the pioneers and leading institutions of higher education in Malaysia, Taylor's has always held steadfast to our commitments of educating a new generation of global leaders, while giving back to society. In addition, we are also strongly embedded with the late Tan Sri Dato' (Dr) Loy Hean Heong's philosophy of the power of education – that education empowers students towards making our world a richer and happier place.


We offer various scholarships for prospective and current students at Taylor's.






IBDP Excellence Award 2012 *NEW
The International Baccalaureate Diploma Programme (IBDP), offered at the Taylor’s College, Sri Hartamas campus, is designed for the globally-mobile, highly motivated and success-oriented future leaders. This 2-year programme is an academicallychallenging and balanced programme that balances subject depth and breadth, encourages international-mindedness and helps students develop a positive attitude to learning, preparing them for success at university and beyond. Click here for more info.






Principal's Award 2012
The Taylor's College Principal's Award was introduced in 2005 with the goal of providing opportunities to outstanding students who have shown high academic achievements and exemplary leadership qualities. Click here for more info.






Tan Sri Dato' (Dr) Loy Hean Heong Merit Scholarship *NEW
The Tan Sri Dato' (Dr) Loy Hean Heong Merit Scholarship was launched in 1993. The scholarships are awarded to students enrolled at Taylor’s College who have excelled in the Sijil Pelajaran Malaysia (SPM) / GCE O Level / equivalent examinations. Since then, the scholarship scheme has benefited over 9,300 students with a total value of more than RM45 million. Click here for more info.



 






Top Achievers' Award *NEW
The Top Achievers' Awards are given in recognition of students' exceptional academic performance in the SPM / GCE O Level / equivalent examinations. Click here for more info.






Developing Towns Study Grant
The Develeping Towns Study Grant is offered to SPM / STPM / UEC students from schools in selected towns in Malaysia. Click here to download the booklet.






Taylor's Education Group (TEG) Students Bursary
The TEG Students Bursary are awarded to students that have completed their studies at Taylor’s sister institutions (Secondary Schools) within one (1) year of the graduation date. Click here for more info.


Australian International School Malaysia (AISM) students with Year 11 / 12 Certification

Garden International School (GIS) students with O Levels / A Levels certification

Sri Garden (SG) students with SPM Certification

NEXUS International School students







I'm interested - contact me NOW!




























Malaysia-born Ren Ng is revolutionising photography with his Lytro light-field camera.













The migrant’s eye — Shaun Tan














Malaysia-born online retailer among Australia’s most influential
















Skyscrapers of The World














Economics: Commodities and monopolies in Malaysia














RM1.5b Facebook windfall for Berjaya boss?














Malaysia has 11 billionaires














Warren Buffett's Letter to Shareholders















































Please Donate Generously to a Worthy and Noble Cause! GOD Bless You & Family!















Taylor's College Scholarships & Bursaries


 
 
 
 
 
 
 
 
 
 
 
 
  A Critique of the ETP: Part 6 – Socio-Economic Impact – The ETP will make the rich even richer

















Tuesday, March 6, 2012

Malaysia-born Ren Ng is revolutionising photography with his Lytro light-field camera.

Malaysia-born makes camera that takes ‘living pictures’


March 05, 2012


 

Ng holds a Lytro camera during a presentation at HP Auditorium, Soda Hall, University of California, Berkeley.
February 22, 2012. — Picture by Derrick Coetzee










KUALA LUMPUR, March 5 — Malaysia-born Ren Ng is revolutionising photography with his Lytro light-field camera.

The Australian has developed a new technology for the mass market that allows anyone to adjust the focal point of digital photographs after they have been taken, and without having to fiddle with Photoshop or other image-editing tools.

The hand-sized digital point-and-shot camera looks like a torchlight; its key feature is what the California-based company calls “shoot now, focus later”.

In an interview with the New York Times last year, Lytro chief executive Ng described the images as “interactive, living pictures” due to their ability to be manipulated.

The Lytro achieves this trick with a special sensor called a micro lens array, which puts the equivalent of many lenses into a small space.

The camera was listed as Time magazine’s “50 best inventions” in its November 17 edition last year.

The 32-year-old Ng, born in Malaysia and raised in Australia from age nine, started work on the digital camera while studying for his doctorate in computer science at Stanford University in California six years ago.

The Lytro camera captures far more light data, from many angles, than is possible with a conventional camera.

When pictures are shared online, the “light field engine” travels with each image so anyone can interact with them on their computers, whether on desktops, tablets or smartphones, a technology review in the Sydney Morning Herald reported today.

However, the camera is not quite perfect yet, based on first reviews that came out last week.

A reviewer with the New York Times, Sam Grobart, noted that adding a filter or importing the image into Photoshop was not possible at the moment.

“Should Lytro’s engineers refine light-field photography into something more versatile and cheaper (imagine this on a smartphone), it may turn out to be a game changer,” he was quoted as saying by the Australian daily.

Another influential technology reviewer with the Wall Street Journal, Walt Mossberg, reported that the Lytro pictures can currently only be imported to Macintosh computers with its accompanying software, adding that the process is slow because of the relatively large files.

The Lytro camera is now available in the market in two storage sizes. The red hot 16-gigabyte (GB) model of the camera costs US$499 (RM1,500) and can take up to 750 pictures.

An 8GB version costs USUS$399 and can capture 350 images. It is available in graphite gray and electric blue.







































Ren Ng


I've graduated from Stanford, and am now working with Refocus Imaging.






















































Lytro Light Field Camera: Hands-on with the future of photography














 





















Lytro Light Field Camera: Hands-on with the future of photography















































Ren Ng, Ph.D.

Ren
Founder and CEO



Before starting Lytro, Ren was on the fast path to fulfilling his childhood dream of becoming a professor. In fact, his seminal Ph.D. research on light field technology earned the field’s top honor, the ACM Doctoral Dissertation Award for best thesis in computer science and engineering, as well as Stanford University’s Arthur Samuel Award for Best Ph.D. Dissertation. The entrepreneurial spark came when Ren purchased his first DSLR camera and saw the potential to apply light field technology to capture pictures in addition to image generation. As a result, instead of continuing on a purely academic path, Ren decided to apply and extend his theoretical work by making light field cameras that everyone can use. That’s how the Lytro picture revolution began.

When the company originally received funding, Ren was running the business solo. Ren and a core team made breakthrough engineering innovations, setting a strong foundation for the world-class crew he’s now leading to produce light field cameras that make groundbreaking living pictures. The ambition and persistence that characterize Ren’s career are also evident in his hobbies – an avid rock climber, he is constantly striving to reach new heights. Ren holds a Ph.D. in computer science and a B.S. in mathematical and computational science from Stanford University.




































  
 
 
 
 


Meet The Lytro














 





















DIGITAL LIGHT FIELD PHOTOGRAPHY a dissertation ... - Lytro








































Ren Ng

From Wikipedia, the free encyclopedia














 












Lytro Heads SXSW




































Lytro Blog







































Lytro Light Field Camera first look with Ren Ng



































Lytro Focus-Free Camera: A Hands-On Experience [VIDEOS]


 
 
 
 
 
 
 
 
 
 
 
 
                                                            
                                                           
                                                             
 



























 
 
 
 

 




















Steve Jobs Considered Adding Lytro Tech to Apple Products































































Steve Jobs Met With Lytro CEO Ren Ng to Discuss Camera Technology







































PopSci Q&A: Lytro CEO Ren Ng Talks About Making Light-Field Happen




































Ren Ng Shares His Photographic Vision: Shoot Now, Focus Later























































Radical new 'focus later' camera launches






















































Lytro CEO on the light-field camera


 
 
 
 
 
 
 
 
 
 
 
 
 
 
Videos Ren Ng
 
 
 
 
 
 
 
 
 
 
 














Chairman; Charles Chi Named Interim CEO

Friday, June 29th, 2012
lytro (2)
Lytro Founder Ren Ng has announced that he’s stepping down as CEO and will be transitioning into the company’s Executive Chairman effective immediately. Charles Chi, the current Executive Chairman, has been named interim CEO until a more permanent CEO has been found.
Ng will remain a full-time employee but will shift his focus to product 100 percent, according to his blog post.
I will remain a full-time employee, 100% focused on Lytro. In my new role I will shift attention from day-to-day operations, to focus again on product vision, technology, and strategic direction for the company. I am very excited to have the opportunity to focus on these areas where I am most passionate.



Company: Lytro
Website: lytro.com
Funding: $50M
In short, Lytro is developing a new type of camera that dramatically changes photography for the first time since the 1800s. Rather than just capturing one plane of light, it captures the entire light field around a picture, all in one shot taken on a single device. A light field includes every beam of light in every direction at every point in time. Experimentation in this field started in the mid-1990s at Stanford with 100 cameras in one room....
Learn more




































How To See Differently

In the seconds after Ren Ng took this photo of a friend's daughter, he wondered, Do pictures have to be focused before you take the shot? Pursuing that question reframed his life.

Back in July 2006, Ng wrote a groundbreaking, 187-page dissertation that explored a then-theoretical notion that a camera sensor could capture all light traveling in every direction, allowing a photograph to be refocused after the snap. This February, he transformed theory into a shutterbug sensation: Lytro, his rectangular spyglasslike camera, enables users to capture a picture from virtually all depths and lenses with just one click.

Timeline

  • 2001

    Earns B.S. at Stanford, followed by an M.S. in 2002 and his PhD in 2006
  • 2004

    Builds prototype for his dissertation
  • 2006

    Completes 187-page dissertation; founds Lytro
  • 2011

    Raises $50 million for Lytro
  • 2012

    Launches the Lytro camera
Image courtesy of Lytro
A version of this article appears in the June 2012 issue of Fast Company.


























Lytro's Ren Ng steps down as CEO to 'focus on product vision'


Lytro's founder Ren Ng has stepped down as CEO to focus on 'product vision, technology, and strategic direction for the company' in his new role as Executive Chairmen. The innovative California-based company was formed by Ng in 2006, and earlier this year released its first product, the Lytro light field camera. In a blog post on the company's website, Ng makes it clear that he will remain on staff as a full-time employee, '100% focussed on Lytro'. In the meantime, an interim CEO - former Executive Chairman Charles Chi - has been appointed ahead of a full-time replacement for Ng.
Former Lytro CEO Ren Ng (right) speaking to dpreview last year about the Lytro Light Field Camera. You can read the interview here. We reviewed the Lytro camera earlier this year. 


























Lytro CEO Ren Ng steps down, assumes Executive Chairman role

20120124-11423050-lytro-img_4317_large_jpg_verge_medium_landscape
Ren Ng, creator and CEO of light field camera maker Lytro, has announced that he will be stepping down and taking on a new role as the company's Executive Chairman. Detailed in a blog post on the company's website, Ng says he will shift his focus from day-to-day operations to a more product development and strategy-centric position. While the company has not named a permanent replacement, the company's current Executive Chairman Charles Chi will be taking the helm as interim CEO. While no further explanation was provided for the reorganization, Ng says that the shift will allow him to focus on areas where he is "most passionate."
























Exclusive: Lytro CEO Ren Ng to Step Aside, Become Executive Chairman


Lytro CEO Ren Ng said Friday that he is stepping aside as CEO of the light-field photography company, in order to spend more time on the vision for the company and less on its day-to-day operations.

“The complexity of running day-to-day operations continues to grow,” Ng told AllThingsD. “We are strengthening the management team to prepare ourselves for the next big phase of the company.”
It has been just over a year since Lytro first unveiled its technology, which creates “living pictures” that can be refocused after a photo is taken, among other features. The company started selling the devices from its Web site this spring.
Unlike a lot of companies in Silicon Valley, Ng notes that Lytro has opted to handle all aspects of its business, including hardware, software, distribution and support. That has left him with less time to be the voice of the company and work on the future of the company’s technology.
Ng will become executive chairman and will remain at Lytro full time. The company has launched an external search for a new CEO. In the meantime, current Executive Chairman Charles Chi will serve as interim CEO. It was Chi who demonstrated the Lytro to Walt Mossberg at our AsiaD conference last fall.
Before joining Lytro, Chi was a general partner at venture firm Greylock Partners for 10 years.
Although Lytro is still working through the growing pains of manufacturing and shipping its first product, the company has grown rapidly, raising roughly $50 million in funding, and expanding to 80 employees.
Lytro hasn’t said how many cameras it has sold since beginning shipments earlier this year.
“We’re not disclosing numbers externally but sales have been very good, and continue to exceed our current supply,” Ng said.
Ng did say the company has increased manufacturing capacity and has shrunk the wait time for those placing orders from several months to about a month. “We hope to be in a place to ship immediately soon,” he said.
For the time being, the company plans to continue selling the device directly, and is primarily focused on improving its software for the current camera more than actively developing the next generation of hardware.
As for the CEO search, Ng said there isn’t a specific time frame.
“We’re getting going right away,” he said. “We’ll take the time it requires to find a great candidate.”
























Ren Ng: Focused on Reinventing Photos

Ren Ng: Focused on Reinventing Photos
Photograph by Mathew Scott for Bloomberg Businessweek

Innovator

Ren Ng: Focused on Reinventing Photos

By on April 12, 2012

When Ren Ng unveiled his Lytro camera last year, he got the kind of response entrepreneurs dream of: breathless write-ups from the press and, more important, an invitation from Steve Jobs to demo the device at his Palo Alto home. “It was really inspiring,” says Ng, who considered Apple (AAPL) a role model while he was secretly developing the Lytro from 2006 to 2011. “He was so clear-thinking.”
The Lytro, which became available in February for $399, is the first commercially available camera to harness technology known as light field photography, Ng’s specialty as a computer science graduate student at Stanford University. Its lens actually consists of thousands of microlenses, each of which captures a slightly different slice of light. As a result, users of the harmonica-box-size Lytro can take pictures that once required a bag full of camera equipment. One shutter-snap records so much information that a user can readjust the photo after it’s been shot in various ways, such as shifting the focus from foreground to background. “The light pouring in that lens can form any picture,” Ng says.
Ng, 32, was born in Malaysia and grew up in Australia. He came to the U.S. in 1997 to attend Stanford, where he studied mathematical and computational science and dreamed of becoming a professor. While in school, he and his rock-climbing buddies became infatuated with photography: “We were doing a lot of hanging off cliffs and taking pictures to try to make one another look cool,” he says. The blurry photos from those climbing trips to Yosemite and Lake Tahoe later got Ng thinking there must be a better way to freeze time. “Catching the right fleeting moment, with the right focus, is a very difficult thing to do,” says Ng, whose research on light field photography received Stanford’s award for best Ph.D. dissertation in 2006.
Ng won’t discuss Lytro’s initial sales figures and says he’s focused on the consumer market for now. His challenge is to get more people to see the camera as an essential tool, rather than a cool but expensive toy. “From a marketing standpoint, they need to put some serious money behind it to educate the consumer,” says Tim Bajarin, president of Creative Strategies, a Silicon Valley consulting firm. The Lytro’s focus-shifting ability requires special software, and users must install an app to post photos on Facebook; Lytro operates its own site for snapshots.
“The big end-game play for this company is broadly licensing and near ubiquity in high-end smartphones,” says Peter Gotcher, chairman of Dolby Laboratories (DLB) and a Lytro board member. Ng says Hollywood studios have asked how Lytro could be applied to moviemaking. “The merging of science and art is at the core of what we do,” he says.

Studies

Won a Stanford award for best Ph.D. dissertation

Extracurriculars

He and his rock-climbing buddies fell for photography

Business

Lytro may partner with smartphone makers and Hollywood
Satariano is a reporter for Bloomberg News in San Francisco. 
 
 
 
 
 
 
 
 
 

Saturday, March 3, 2012

Malaysia has 11 billionaires

Malaysia has 11 billionaires


MALAYSIA'S 40 richest are worth a total of US$64.4 billion (RM193.2 billion), up US$2.3 billion (RM6.9 billion) from the year before, according to the latest Forbes list.

The fortunes of most of the country's wealthiest, however, did not change much over the past year.

Robert Kuok is still the richest Malaysian with a net worth of US$12.4 billion (RM37.2 billion), slightly lower than US$12.5 billion (RM37.5 billion) before.

In second place is T. Ananda Krishnan, who saw his net worth rise US$400 million to US$9.9 billion (RM1.2 billion to RM29.7 billion).

He is said to be looking for buyers for his entire power portfolio in Malaysia, South Asia and the Middle East in a deal that could raise US$2 billion (RM6 billion).

The widow of casino magnate Tan Sri Lim Goh Tong, Puan Sri Lee Kim Hua, is the third richest Malaysian.
Her net worth fell just 1.5 per cent to US$6.5 billion (RM19.5 billion).

IOI Group's Tan Sri Lee Shin Cheng retained the fourth place with a net worth of US$5.2 billion (RM15.6 billion), up US$200 million (RM600 million) from last year.

At the fifth place is Tan Sri Teh Hong Piow with a net worth of US$5 billion (RM15 billion), while Tan Sri Quek Leng Chan holds the sixth position with a net worth of US$4.2 billion (RM12.6 billion).

Tan Sri Syed Mokhtar AlBukhary is at number seven with a net worth of US$3.3 billion (RM9.9 billion), while Tan Sri Yeoh Tiong Lay comes next with a net worth of US$2.6 billion (RM7.8 billion).

Tan Sri Tiong Hiew King of Rimbunan Hijau group is Malaysia's ninth richest person with a net worth of US$1.5 billion (RM4.5 billion).

Tan Sri Vincent Tan rounded up the top 10 list with a net worth of US$1.2 billion (RM3.6 billion).

According to Forbes Asia, Malaysia now has 11 billionaires, up from 10 last year, as brothers Datuk Lee Oi Han and Datuk Lee Hau Hian who control palm oil and chemical company Batu Kawan Bhd saw their net worth rose by 22 per cent.

Three newcomers made their debut on the list. One of them is MBF Holdings chief executive officer Tan Sri Dr Ninian Mogan Lourdenadin, who is ranked at number 22 with a net worth of US$500 million (RM1.5 billion).

Another newcomer to the list is Crescendo Holdings Bhd managing director Gooi Seong Lim at number 34 with a net worth of US$220 million (RM660 million).

Ng Joo Siang of Pacific Andes International Holdings is ranked at number 34 with a net worth of US$185 million (RM555 million).

Two members made a comeback to the list and they are the executive chairman of Kurnia Asia Tan Sri Kua Sian Kooi with a net worth of US$160 million (RM480 million) and Malayan United Industries chairman Tan Sri Khoo Kay Peng with a net worth of US$125 million (RM375 million).

This year, a minimum net worth of US$155 million (RM465 million) was needed to qualify for the list, up from US$125 million last year.














Forbes - Malaysia's Billionaires














World's Billionaires














Bloomberg Billionaires Index: Top 20 Daily Ranking


 
Following are the results of the latest Bloomberg Billionaires Index ranking the world’s 20 wealthiest individuals.




==========================================================================

Rank Name US$ B $ Chg. % Chg YtD % Top 20

==========================================================================

Top 20 Total $676.3 n/a n/a 100%

--------------------------------------------------------------------------

1 Carlos Slim Helu $68.4 -135.1M 11.0% 10.11%

2 William Henry Gates III $62.1 -335.5M 10.6% 9.18%

3 Warren E Buffett $44.3 +533.1M 3.6% 6.55%

4 Ingvar Kamprad $42.7 +264.3M 15.0% 6.31%

==========================================================================

Rank Name US$ B $ Chg. % Chg YtD % Top 20

==========================================================================

5 Bernard Arnault $42.5 +177.7M 20.2% 6.28%

6 Amancio Ortega Gaona $38.9 +54.8M 11.5% 5.75%

7 Lawrence Joseph Ellison $38.2 +296.7M 16.1% 5.65%

8 Charles De Ganahl Koch $33.9 -113.2M 0.9% 5.01%

9 David Hamilton Koch $33.9 -113.7M 0.9% 5.01%

10 Eike Fuhrken Batista $29.7 -92.9M 32.0% 4.39%

11 Mukesh D Ambani $26.5 -347.3M 23.7% 3.92%

12 Li Ka-Shing $25.6 -266.9M 15.5% 3.79%

13 Sheldon Gary Adelson $25.0 -680.2M 27.0% 3.70%

14 Christy R Walton $25.0 +83.5M 0.1% 3.70%

15 Stefan Persson $24.5 +38.9M 12.8% 3.62%

16 Jim C Walton $23.5 +136.3M 0.4% 3.47%

17 Lakshmi N Mittal $23.2 -398.7M 10.0% 3.43%

18 Samuel Robson Walton $23.0 +133.3M 0.5% 3.40%

19 Liliane Bettencourt $22.8 +435.9M 12.6% 3.37%

20 David K R Thomson $22.6 -20.7M 5.7% 3.34%

--------------------------------------------------------------------------



==========================================================================

Rank Name US$ B $ Chg. % Chg YtD % Top 20

==========================================================================

Memo item:

Walton’s $71.2 n/a n/a 10.53%

Koch’s $67.8 n/a n/a 10.03%

==========================================================================

NOTE: Methodology The Bloomberg Billionaires Index is a daily ranking of the world’s 20 richest people. In calculating net worth, we strive to provide the most transparent estimates available. Each Bloomberg Billionaire profile contains a detailed analysis of how that person’s fortune has been tallied.



The index is a dynamic measure of the world’s wealthy based on changes in markets, the economy and Bloomberg reporting. Each net worth figure is updated every business day at 5:30 p.m. New York time. Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to U.S. dollars at current exchange rates.



Private companies are valued in several ways, such as by comparing the enterprise values or price-to-earnings ratios of similar public companies. The criteria used depends on the firm’s industry and size. Estimates of private company debt are based on comparable peers.



When ownership of private assets cannot be verified, they aren’t included in the calculations. The specific valuation methodology for each private company is included in the net worth analysis section of a billionaire’s profile. (The full profile is available only to Bloomberg Professional subscribers.)



A liquidity discount of 5 percent is applied to most private companies where assets may be hard to sell. We have noted when a different percentage has been used. No liquidity discounts were used in calculating values of public stakes. In some instances, we also apply a country risk discount based on a person’s concentration of assets and ease of liquidating them in a given geography. A country’s risk is assessed based on Standard & Poor’s sovereign debt ratings.



Net worth estimates include dividend income paid and proceeds from the sale of public and private shares. In cases where the majority of a fortune is derived from private companies, estimated dividends are calculated only if historical net income information is available.



We deduct taxes based on prevailing income, dividend and capital gains tax rates in a billionaire’s country of citizenship or residence. Taxes are applied at the highest rate unless there is evidence to support a lower percentage.



For estimates of cash and other invested assets, we have applied a hybrid return based on holdings in cash, government bonds, equities and commodities.



We try to identify and confirm all potential liabilities. No assumptions are made about personal debt.



Family members often hold a portion of the billionaire’s assets. Such transfers don’t change the nature of who ultimately controls the fortune. As a result we operate under the rule that all billionaire fortunes are inherently family fortunes.



Each billionaire or his or her representative has been given an opportunity to respond to questions regarding the net worth estimate, including assets and liabilities.



Bloomberg News editorial policy is to not cover Bloomberg LP. As a result Michael Bloomberg, the founder and majority owner of Bloomberg LP, won’t be considered for this ranking.



Because calculating net worth requires a degree of estimation, we have provided bull and bear case scenarios that would make a person’s fortune higher or lower than our estimate. A confidence rating also is included on each profile.



5 Star - The majority of the individual’s fortune is held in publicly traded companies. The billionaire or their representatives provides insight on the net worth calculation.



4 Star - The majority of the individual’s fortune is held in publicly traded companies or private operations in a country where transparent data is available. The billionaire may hold shares through a holding company where ownership is not transparent. The billionaire or their representatives may provide insight on the net worth calculation.



3 Star - The majority of the individual’s fortune is held in private companies, or public companies based in a country where transparent information is often unreliable. The billionaire or their representatives won’t comment on the net worth calculation.



2 Star - The majority of the individual’s fortune is held in private assets. Often more than half of the calculation is based on an estimation of cash and other outside investments. The billionaire or their representatives won’t comment on the net worth estimate.



1 Star - The majority of the individual’s fortune is held in private assets where limited information is available. Often nearly all of the calculation is based on an estimation of cash and other investable securities. The billionaire or their representatives won’t comment on the net worth estimate.



SOURCE: Bloomberg



To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net



To contact the editor responsible for this story: Matthew G. Miller at mmiller144@bloomberg.net




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 


































Web moguls, Spanx whiz among Forbes billionaires


(Reuters) - Mexican tycoon Carlos Slim retained his position atop Forbes magazine's annual list of the world's billionaires on Wednesday with an estimated worth of $69 billion, while his Mexican rival Ricardo Salinas Pliego enjoyed the largest increase in wealth.


Microsoft Corp cofounder Bill Gates ranked second at $61 billion and Warren Buffett third at $44 billion. France's Bernard Arnault, the richest person in Europe, repeated at No. 4. They were the same top four as last year.

The youngest self-made woman at age 41 was Spanx founder Sara Blakely, whose net worth of $1 billion from her business of making slimming undergarments affirmed there was profit in vanity. Blakely, ranking at No. 1,153, was among 104 women on the list.

Fifty-eight countries were represented on the list of a record 1,226 billionaires whose average fortune was $3.7 billion. Some 128 billionaires were new to the Forbes rankings this year, including Colombia's Alejandro Santo Domingo, 35, the richest new billionaire in the world ($9.5 billion) and the face of Santo Domingo Group after last year's death of his father.

In addition to the usual aging plutocrats and heirs, Facebook founder and CEO Mark Zuckerberg, 27, ranked 35th with a net worth of $17.5 billion. The social media heavyweight announced plans last month for an IPO that would value Facebook at a projected $100 billion.

Zuckerberg jumped 17 spots and $4 billion while the combined value of seven Facebook billionaires was $28.7 billion, including the $3.5 billion belonging to Dustin Moskovitz, 27, Zuckerberg's former Harvard roommate who was listed as the youngest self-made man.

Notable drop-offs included "Harry Potter" author J.K. Rowling, whose wealth fell below $1 billion due in part to Britain's high tax rates and an estimated $150 million in charitable giving.

Also falling off was Jim Balsillie, the former co-CEO and co-chairman of Canada's Research In Motion, the troubled maker of BlackBerry.



RUSSIA THE NEW NO. 2



The United States led the rankings with 425 billionaires, seemingly unfazed by the burgeoning "Occupy" movement which sought to shine a light on income inequality. Russia overtook mainland China as the country with the second-most billionaires, by a margin of 96 to 95. New to the list was Morocco, which had three billionaires.

Among cities, Moscow led with 78 billionaires followed by New York at 58 and London at 39. The full list can be seen at www.forbes.com/billionaires/

Slim, 72, and his family have taken the top spot for three years in a row, climbing up the list for years based largely on assets from his telecommunications empire now led by America Movil.

Slim made much of his money as a telecommunications magnate who has expanded into retail, finance, commodities and energy.

In recent years he has taken larger stakes abroad, owning parts of department store operator Saks Inc, publisher New York Times Co and money manager BlackRock Inc. In June he sold his stake in oil services company Bronco Drilling for a tidy profit.

His fellow Mexican, Salinas Pliego, was the world's biggest gainer in dollar terms, adding $9.2 billion to his net worth and ranking at No. 37 on the list. Like Slim, he has benefited from the clubby nature of Mexico's business elite, building an empire that includes the country's No. 2 broadcaster, TV Azteca, and retail conglomerate Grupo Elektra.

In contrast to Salinas Pliego, Forbes listed India's Lakshmi Mittal as the biggest loser, saying Mittal lost $10.4 billion, falling to a net worth of $20.7 billion and out of the world's top 10 for the first time since 2004. The drop came after shares in his ArcelorMittal, the world's largest steelmaker, fell due to surging costs and soft demand in Europe.

Microsoft's Gates narrowed the gap with Slim this year after the Mexican tycoon's estimated net worth fell from $74 billion to $69 billion. Forbes estimated Gates' net worth rose from $56 billion to $61 billion.

Forbes now has a competitor in the billionaire-listing business: the Bloomberg Billionaires Index, which debuted on Monday with a Top 20 list that is updated each day. Bloomberg hired away Matthew Miller, a former editor of the Forbes list, more than a year ago to head up compilation of the list.

Forbes will launch its Billionaire Real-Time Ticker this month with 50 of the top billionaires updated in real time.

The Bloomberg list will exclude New York City Mayor Michael Bloomberg, the founder and majority owner of Bloomberg LP, owing to a Bloomberg News policy not to cover Bloomberg LP, a major competitor to Thomson Reuters.

Michael Bloomberg is ranked at 20 in the Forbes list at $22 billion.

Laurene Powell Jobs, the widow of Apple co-founder and CEO Steve Jobs, who passed away in October 2011, entered the ranking at 100, and is worth $9 billion.






































Slim Beats Gates in Global Daily Ranking of Billionaires





Carlos Slim, the telecommunications tycoon who controls Mexico’s America Movil SAB (AMXL), is the richest person on Earth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 20 wealthiest individuals.


The 72-year-old’s net worth fell $478.4 million in a day to $68.5 billion as of the close of markets on March 2, as U.S. moguls Bill Gates and Warren Buffett placed second and third on the list compiled by Bloomberg News. Brazil’s Eike Batista, who ranks 10th, still covets the top spot after vowing a year ago that he’d become the world’s wealthiest man by 2015.


“I’m competitive,” Batista, who trails Slim by almost $39 billion, said in a March 2 telephone interview from Rio de Janeiro. “It’s Brazil’s time to be No. 1. Brazilians have always admired the American dream. What’s happening in Brazil is the Brazilian dream and I happen to be the example.”


The Bloomberg Billionaires Index takes measure of the world’s wealthiest people based on market and economic changes and Bloomberg News reporting. Each net worth figure is updated every business day at 5:30 p.m. in New York. The valuations are listed in U.S. dollars.

Today’s ranking was published with the release of new billionaires profile pages in the Bloomberg Professional service. The profiles feature a transparent analysis of how each billionaire’s fortune was calculated.

Slim’s fortune has increased 11 percent this year, according to the index. A spokesman for Slim didn’t immediately return a telephone request for comment.



Gates, Buffett

Gates, 56, co-founder of Microsoft Corp. (MSFT) in Redmond, Washington, is worth $62.4 billion, down $102.1 million on March 2 and up 11 percent year to date.

The fortune of Buffett, 81, chairman of Omaha, Nebraska- based Berkshire Hathaway Inc. (BRK/B), declined $336.9 million to $43.8 billion on March 2 and is up 2.4 percent in 2012. Almost all of Buffett’s wealth is held in Berkshire Hathaway, the publicly traded holding company he has run since 1965.

The combined net worth of the 20 richest people is $676.8 billion. Nine are Americans, including three from the family of Sam Walton, the founder of Wal-Mart Stores Inc. (WMT)

Number seven is Larry Ellison, 67, chief executive officer of Redwood City, California-based Oracle Corp. (ORCL), the world’s third-largest software maker after Microsoft and IBM Corp. His $38 billion fortune puts him $4 billion ahead of brothers Charles and David Koch, who each own 42 percent of Koch Industries Inc., one of the biggest closely held companies in the world by revenue. Charles, 76, and David, 71, control the Wichita, Kansas, refiner and chemical maker.

Batista, 55, whose investments range from iron ore to coal, is worth $29.8 billion, up $133.9 million on March 2. His fortune has grown 32 percent this year, the most on the list.




The House Wins


Sheldon Adelson, the casino magnate who owns 47 percent of Las Vegas Sands Corp. (LVS), which operates resorts in Macau and Las Vegas, is number 13 with $25.7 billion. Adelson, 78, and his family have pledged at least $10 million to a super-PAC supporting Newt Gingrich, a Republican presidential candidate.

Liliane Bettencourt, 89, who with her family owns 31 percent of Paris-based cosmetics company L’Oreal SA (OR), is last on the ranking. Bettencourt was the subject of an international scandal in 2007 when her daughter, Francoise Bettencourt Meyers, filed a lawsuit accusing a family friend, photographer Francois- Marie Banier, of exploiting her mother’s frail state. Evidence later revealed Bettencourt had granted more than $1 billion in cash and gifts to Banier. In October, Meyers and two grandsons became guardians of the clan’s $22.4 billion fortune.




Diluting Zuckerberg

Mark Zuckerberg, the 27-year-old founder of Facebook Inc. (FB), the world’s largest social-networking company, didn’t make the cut. Based on a roughly $100 billion valuation the Menlo Park, California-based company has been trading at in the private market, Zuckerberg’s stake may be worth $21 billion, or about 25 percent less than previous estimates, once Facebook holds its initial public offering.

The reason: Facebook will issue more than 500 million shares of its Class B stock at the offering, diluting Zuckerberg’s ownership to 21 percent after he exercises 120 million options and sells about 42 million shares to cover the tax bill associated with the gain from those options.

Sweden’s Ingvar Kamprad is the richest European, according to the index, ranking fourth globally with a $42.5 billion net worth. Kamprad, 85, controls Ikea Group, the world’s largest furniture retailer, through a series of trusts and foundations he asserts he doesn’t own.



Luxury Goods

Bernard Arnault, the chairman of LVMH Moet Hennessy Louis Vuitton SA (MC), places fifth. The majority of Arnault’s $42.3 billion comes from his stake in Paris-based LVMH, the world’s largest maker of luxury goods. Arnault, 63, controls about 46 percent of LVMH’s outstanding stock through his family group, according to the company’s latest annual report.

Amancio Ortega, whose publicly traded Inditex SA (ITX) owns the Zara clothing chain, is Spain’s wealthiest individual and sixth in the world with a $38.8 billion fortune. Ortega, 75, has invested dividends from Arteixo-based Inditex into a real estate portfolio that owns office and retail properties in the U.S. and Europe.

No Russians appear in the index as falling metals prices hurt the fortunes of many of the richest oligarchs. Alisher Usmanov, 58, the Muscovite who controls the Metalloinvest metals and mining company and Digital Sky Technologies, which currently owns 5.5 percent of Facebook, is Russia’s wealthiest person thanks to a $20.1 billion fortune.



Asia’s Wealthiest

Mukesh Ambani, 54, leads Asians with a net worth of $26.8 billion, down $185.4 million in a day. His fortune is up 25 percent this year, according to the Bloomberg Billionaires Index, as his shares in India’s top company by market value, Mumbai-based Reliance Industries Ltd. (RIL), have risen 17 percent.

Hong Kong’s Li Ka-shing, nicknamed “Superman” by the local media for his investing prowess, ranks second in the region, with $25.8 billion. Li, 83, owns large stakes in Hong Kong-based property developer Cheung Kong Holdings Ltd. (1), Hong Kong shipping and ports operator Hutchison Whampoa Ltd. (13) and Husky Energy Inc. (HSE), the Calgary-based energy company.

Lakshmi Mittal, the India-born chairman of ArcelorMittal (MT), the world’s biggest steelmaker, is the third-richest Asian, with holdings valued at $23.6 billion. In addition to his ArcelorMittal stake, the 61-year-old London resident owns hundreds of millions of dollars in U.K. real estate.



Royalty Rights

On the rise: Gina Rinehart, the Australian mining heiress who is worth $20.4 billion. Rinehart, 58, the daughter of the man who discovered the mines that made Australia the world’s biggest iron ore exporter, inherited perpetual royalty rights to some of Rio Tinto Ltd. (RIO)’s Hamersley mines in addition to other thermal and iron-ore deposits throughout the country.

Soaring demand for coal and iron ore from China have made Rinehart’s assets attractive to acquisitive industrial companies. In separate deals in the past year, steelmakers Posco and GVK Power & Infrastructure Ltd. (GVKP) agreed to pay a combined $2.9 billion for pieces of Rinehart’s empire.

In today’s updated list, Buffett gained $533.1 million for the biggest dollar increase as Berkshire Hathaway’s Class A stock rose 1.2 percent. Adelson’s fortune declined $680.2 million, the largest amount, as Las Vegas Sands fell 2.8 percent.