"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. Net Worth in 2023. NDI New Mexico outperforms most other charities in America. - Charity Navigator, 2019, Family Friendly Business of New Mexico, 2018, 2019, Samaritan Counseling Ethics in Business Award, 2016, Albuquerque Business First Top CEO Award, 2015. Erin Gomez* Previously, she was Associate General Counsel with Concho Resources and before that, in private practice where she represented clients Leslie Nathanson is President of Nathanson/Juris Consulting in Santa Fe, NM and was a founding managing director of the Roberts, Nathanson & Wolfson Consulting Group in Chicago (now RNW Consulting). Leann Kravitz The generally accepted version of events leading to the fall of Thornburg is nicely laid out in a new book, House of Cards, by William Cohan. To market those funds, he founded Thornburg Securities. 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. City Housing and Community Development Division Director Kathy McCormick agrees. Vicki Ellis, a very successful beauty pageant coach, is portrayed in the program by Catherine Zeta-Jones. Maria Gale Nobody laughed. But several professional fundraisers told us our method was more exhaustive, if less personal, than their own means of sniffing out deep pockets. She received her Bachelors of Business Administration, Cum Laude, from Florida International University. $$ish Among other things, the Waxmans complained that the [outdoor furniture] fabric and fringe delivered were never approved [and] the fabric color did not match the pillows, and there were color samples of the [family room] rug that did not match the family room sofa. When they sued, the Waxmans had already forked over $506,000 in advance payments to the decorators; thats 12 times their annual property tax bill. The bank, which trades on the Johannesburg Stock Exchange, targets South Africas emerging middle class. Patrick Lannan He owns at least 720 square miles of conservation land across South Africa, Botswana, Zimbabwe,. In 2007, the suit says, Thornburg Mortgage employees earned $26.1 million in base compensation, plus $23.1 million in performance bonuses. He went to Jamaica, where, with US government financing, he developed a 311-unit housing project. MacArthur donated $7,900 and $10,000 to Richardsons two gubernatorial runs. NDI New Mexicos programs help children develop executive function skills that are critical to succeed in school and the workforce: To learn more or to join the Corporate Council, please contact Myers Godwin, Albuquerque Development Director at (505) 340-0213 or mgodwin@ndi-nm.org. The [Albuquerque] Journal asked a few questions. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. At his top, Thornburg's jet landed in Paris; he fished in Patagonia. For the 11th year in a row, Alike Dangote of Nigeria is the continents richest person, worth an estimated $13.9 billion, up from $12.1 billion last year following a 30% increase in the stock price of Dangote Cement, his most valuable asset. In the past two years, Thornburg lost a lot of moneybut hes probably still far beyond the $36 million net worth Crosswinds estimated in 1996. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. Where is Yvette Mimieux now? The Oppenheimer family has a combined net worth of $8.2 billion, largely through the 2012 sale of their stake in De Beers for about $5 billion, according to the Bloomberg Billionaires Index . She worked in the US House of Representatives and US Senate before John and his wife Jean have been part-time residents of Santa Fe since 2001, and currently divide their time between their Santa Fe and Scottsdale, Arizona homes. Wayne A Reaud Thats a peculiar kind of person. Despite the blue-blood cred, Dubin has a foothold here. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. In 2007, New Mexico Sen. Shannon Robinson and Rep. Daniel Silvaboth Albuquerque Democrats who lost re-election in 2008introduced bills that created a tax break for finance companies. "If something was your own idea, it was very difficult to move it forwardI think Garrett probably had a push within himself to do things on his own." 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. Ali MacGraw Martins father, the late Robert McKinney, made Crosswinds list. 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. They own a $1 million home on Camino del Monte Sol, though Caseys LinkedIn profile lists his home as greater New York City. "I don't think it ever came up," former County Commissioner Jack Sullivan says. Leslie Carpenter* $$ Mail letters to PO Box 4910 Santa Fe, NM 87502 or email them to editor[at]sfreporter.com. Jirby recalls the biggest shock of their marriage came at a party in Southampton, NY when she learned Thornburg could play drums. All credit ratings became suspect. It was "the single worst investment of my career," Rainwater told BusinessWeek last year. A few years later, it endured a wave of prepayments by borrowers. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. Michael Reid*, Sandy Seligman, Chair His mansion on Tano Norte is worth $1.6 million. He made his first million at age 26 selling lace and distributing soft drinks. Net Worth: Relationship: Kids: View Personal Details . "Terrible mortgage securities made up of junk were rated AAA. "Everybody's happy and, all of a sudden, here's Thornburg," Patrick Collins says. Biggs, the former chairman, president and CEO of one of the nations largest financial services companies, TIAA-CREF, must be on any list of Santa Fes wealthiest. EEE Let's show some leadership.' Ocean Munds-Dry Hilma Chynoweth* No. EEE Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. Albert S Waxman Last summer, Thornburg traveled to Washington, DC and met with Federal Reserve Chairman Ben Bernanke, Treasury Department officials and staff for US Sens. Paul Cassidy, Chair Louisa Stude Sarofim EEE 4 last year is luxury goods magnate Johann Rupert of South Africa. He donates big to Democratic politicians and the Center for Contemporary Arts. This disgraced billionaire (allegations of pedophilia) lives in New York City and Florida, but still owns the most valuable residential property in Santa Fe, as figured by the Santa Fe County assessor: the $18 million Zorro Ranch, which shares a name with his company, Zorro Trust. Diane Doniger Catherine Oppenheimer net worth is $8 Million Catherine Oppenheimer Wiki: Salary, Married, Wedding, Spouse, Family Catherine Oppenheimer is an actress, known for Sing (1989). Theres a point, here. T Peter Townsend TEX = Texas roots The company suffered when interest rates rose in 1994. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. She is a well-known actress, producer, and writer whose primary source of income is her acting career. Then and only then will the company pay property taxes. That was always the mantra from day one until the day I left," Chicaferro says. The bills died.) KEY TO SYMBOLS Net Worth (GBP) Change Net Worth (ZAR) 23: Nicky Oppenheimer and Family: Diamonds and Mining: 5.537 billion +3 million: R92.35 billion: 31: Nathan Kirsh: Cash and carry, Property, Investment . Although she claimed that her father was a prince and that her mother was related to Queen Victoria, this was untrue. Life was good. Instead, he tried to make New Mexico work for him. Albin also owns a 2006 Cessna Citation business jet. The New Mexican said residents "should be glad the company didn't grow weary of NIMBYism and forsake Santa Fe for Santa Barbara or some other la-di-dah address," in an editorial against Concerned Citizens. Nicky Oppenheimer, heir to the DeBeers diamond fortune, sold his 40% of the firm to mining group Anglo American for $5.1 billion in cash in 2012. "He wasn't a genius because Bernanke set the short-term interest rate at Thornburg's benefit. History reports that she died in her home in Old Saybrook, Connecticut, from natural causes. No end of geniuses," Collins says. The lawsuit, which failed, took years to work through the courts. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. In March, President Barack Obama singled out AIG for scorn regarding large bonus pay, saying, This is a corporation that finds itself in financial distress due to recklessness and greed. Caseys wife Marian, who serves on SITEs board of directors, donated $750 to Obamas campaign last year. In 2006, he and wife Margarita sued their high-end decorators after getting billed for items theyd rejected. At Bear Stearns, Thornburg told interviewers, he developed expertise in using public "industrial revenue bonds" to benefit private developers. Gerald Peters "Investment bankers from New York always got confused: 'Where? However, according to Thornburg's possibly lowballed estimate, the state, the county and the schools are out $368,000 a year. $$ish $$ He runs OCI, one of the worlds largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam Exchange. "And so we smiled and said, 'That's wonderful, but we haven't changed our minds.'" The second time is now. Biggs also was a director of aerospace giants Boeing and McDonnell-Douglas and, in the years preceding the Great Recession, of JPMorgan Chase bank. Many other companies that borrowed heavily are now defunct. Tracking the performance of complex, constantly changing private investment portfolios, combined with the fluctuating value of land and property, is another. Her consulting emphasizes the implementation of strategy and the Sandy has lived in Albuquerque since 1968 when she came (on a whim) to attend UNM. Thornburg Investment Management and Thornburg Securities had paid $115,000 in gross receipts taxes over two prior years. Benjamin Thomas* She graduated from Vassar with a BA in psychology and moved to Washington, DC to begin her career on Capitol Hill. This week's cover story made use of numerous public documents and SFR writer Corey Pein created numerous . $$ = Master of the universe "We like to keep our name out of the press," Investor Relations Director Mike McMahon says. E/C But theres another side to the strange economic mix that is Santa Fe. Paul Cassidy In public schools throughout the state, our expert instructors lead programs that are character-building and use dance to teach an important life lesson: that working hard, doing your best, never giving up, and living a healthy life equals success. He just happened to be in the right place at the right time." Donate today to Friends of the Reporter. Does the city have recourse? We haven't put out any money," City Attorney Frank Katz, who signed off on the bond, says. Thornburg helped Donald Trump turn the old Commodore Hotel in NYC into the Grand Hyatt. Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. He and his son retained a 96% stake in the company. E/C Home base unknown Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. He even once collected unemployment, so perhaps he can relate to his former workers. Leslie Nathanson Juris Next to that nonprofit fortune, Lannans $729,000 home on Camino Militar looks relatively modest. Mayo King, Co-Chair In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. Instead of taxes, Thornburg agreed to pay the city a flat sum of $25,000 a year. She is from Michigan, and spent four years Maureen (Mo) Gorman was raised in Albuquerque but spent the last 9 years in Rochester, New York. Ariana grew up in Santa Fe and danced with Aspen Santa Fe Ballet, Charisma, Cathy Roe, and Wendy has been working as a teacher for NDI New Mexico for over 15 years at The Hiland, The Dance Lorem ipsum dolor sit amet, consectetur adipiscing elit. $$$ The doors throughout the dwelling are equipped with hardware as hefty and as elaborately detailed as that on medieval town gates. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. Supposedly, it would attract new businesses. Katie Thompson The Microsoft co-founder owns the $12.8 million Sol y Sombra house, formerly a Georgia OKeeffe estate. $$ Nancy Blaugrund* Kelcy has managed the Societys CPE program, including the scheduling of seminars and David Foster is a retired policy analyst, publishing industry veteran, and entrepreneur. The feds may already have committed three times that much to bail out private financial institutions deemed too big to fail. "People were getting really pissed off," Collins says. She lives at Forked Lightning Ranch in San Miguel County. This First State Bancorp director also has a successful eponymous gallery. in Psychology and an Born and raised in Havana, Cuba, in 1996 she was accepted into the Cuban National Ballet School, Jocelyn Montoya has broad experience in the performing arts. Originally Kristin Macdonald is an art director with over twenty years of experience. The . "I was an entrepreneur since I was about 5 years old," he told The Santa Fe New Mexican in 2000. Whether on the piano, in the studio, on the stage, or on the dance floor, Michael creates Todd has worked for NDI New Mexico since 1999 and has been the Albuquerque Music Director from Dr. Jessie Wenchieh Lo is a performing artist, recording artist, music educator, and music Matthew is an accomplished musician who has been in the New Mexico music scene for the past 6 Alyx Allie is a graduate of New Mexico State Universitys Dance Program under the direction of Pamela has been a dancer, choreographer, educator, and health care provider for most of her life. Shane, a native New Mexican, has been dancing for 22 years and teaching for 15 years. He failed. Times may be tough for the newspaper industry, but The Santa Fe New Mexican owner still has the family ranch. According to reports, the brothers both stand at five feet and six inches tall. Unlike many fellow magnates, Thornburg has felt the economy's harsher side. You can also email specific staff members from our contact page. He is considered one of New Mexicos most committed and humble public servants. Last month, Richardson named Thornburg to a commission to save the bankrupt College of Santa Fe. TEX Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. But Garrett Thornburg will be OK. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. Their $906,000 home on Thunderbird Corto is a short drive from the campus, soon to be emptier. It would give them time to reorganize," he says. The company denies this. Some list members grow richer or poorer within weeks or days of our measurement date. Many names on this list are global players whose business decisions can change the course of nations. On the other hand, it is yet to be revealed how deep are his wife's pockets. In 1982, in a small office on Galisteo Street, Thornburg founded Thornburg Investment Management. Today Albin, 50, is a director of several energy companies, including NGP Capital Resources, and has a $2 million home in Las Campanas with his wife, Pamela. Jason and Brett are often seen with their realtors towering over them, resulting in many fans wondering how tall the twins are. His career began as an education policy analyst. Steve Tolber*, Visit Our Dance StudiosThe Hiland Theater in Albuquerque & The Dance Barns in Santa Fe, CONTACT USEMPLOYMENTCALENDARFACILITY RENTALSMEDIA ROOMBOARD PORTAL, National Dance Institute of New Mexico is a 501(c)(3) not-for-profit organization and donations are tax-deductible. Jirby would not discuss the divorce. Ad sales may be down and writers may be grumbling about late pay, but the Outside magazine magnate still owns Santa Fes seventh most valuable property, a sprawling $9 million ranch north of town on Silver Meadow Road. The governor said Thornburg was a good friend of his, that Thornburg was a good civic leader, that the financial businesses that Thornburg had created in Santa Fe created high-paid jobs. The bankruptcy also raises questions. Sandy Seligman, Leslie Nathanson-Juris, Chair Letters (no more than 200 words) should refer to specic articles in the Reporter. He set up his own business in 1988 importing iron, steel and chemicals. The grandson of mining entrepreneur, financier, and Anglo-American founder Ernest Oppenheimer, Oppenheimer joined Anglo American in 1968, serving as its director and deputy chairman until his resignation in 2011.
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