In their bond application, Thornburg's team noted that he donates $35,000 a year to Partners In Education Foundation, a nonprofit, and more than $100,000 a year to Santa Fe Public Schools. Thornburg often said that 97 percent of his business was out of state. He is an experienced entrepreneur with a demonstrated history of working in the oil and energy industry and service industry, with emphasis Peggy Hubbard, a retired fundraising professional, is actively serving on the Santa Fe Development Committee at NDI New Mexico and has served as the Chair over the past year. $$$ The core values of NDI New Mexico are well matched for the core values of our firm. (When they divorced six years later, Juliana got a $600,000 settlement, the Lexus, a fur coat and the shar-pei.) Hilma Chynoweth* "Unbeknownst to the attendees of the meeting and investors," the suit claims, Thornburg "was just two days away from commencing the sale of 35 percent of its highest quality mortgage-backed assets to meet margin calls." One is that housing prices always go up and stock prices always go up," Eric Janszen, a former venture capitalist and author of a forthcoming book, The Post-Catastrophe Economy, says. The 32-year-old has a knack for selling houses in her blood. Vicki Ellis, a very successful beauty pageant coach, is portrayed in the program by Catherine Zeta-Jones. Your email address will not be published. Diane Doniger Catherine Oppenheimer of Santa Fe is recognized as a major contributor to the arts for her work supporting strong arts education programs in New Mexico. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. "If something was your own idea, it was very difficult to move it forwardI think Garrett probably had a push within himself to do things on his own." Over the years, his company, The Opppeneim Group, has closed more than $1 billion in sales over the years and has over $100 million in active listings. That money goes to the state, the city, the county, the public schools and Santa Fe Community College. The company is best known for the brands Cartier and Montblanc. $$ Therefore, we should give him what he wants.'" Girard is president of her family business, Greer Enterprises, the real estate company developing a condo/retail project at the Lensic. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. The second time is now. The feds may already have committed three times that much to bail out private financial institutions deemed too big to fail. Paul Cassidy, Chair He shares a $1.8 million home on Brownell Howland Road with Susan Foote. EEE Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. A big-time state contractor, homebuilder, landowner and Richardson campaign donor, Otero has one of the few Hispanic names on our list. "No. $ = Loaded Thornburg Mortgage was not a "retail" operation like, say, Countrywide, the most infamous of subprime mortgage lenders. She is from russia. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. EEE "That's how these credit bubbles work. Ronald N Dubin Letters (no more than 200 words) should refer to specic articles in the Reporter. The author has had good luck with Hollywood adaptations and Oprah recommendations; his $1.1 million home is off Bishops Lodge Road. Local son/property developer Jeff Branch, who also serves as a board member for the Santa Fe Community Foundation, is well known for his transformation of Santa Fes Southside. Tracking the performance of complex, constantly changing private investment portfolios, combined with the fluctuating value of land and property, is another. There was no internet. 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. Under the terms, the city owns the campus property and leases it to Thornburg. According to Heldmeyer, city officials feared for the health of the mortgage company even before the deal was struckand kept those fears private. "I was an entrepreneur since I was about 5 years old," he told The Santa Fe New Mexican in 2000. The company managed mutual funds (and still does $34 billion worth, as of Dec. 31, 2008). $ish W/C She was mentored by Elliot joined NDI New Mexico in 2015 as a Musician in the In-School Program. $$ish Townsend is a former ExxonMobil vice president with a $1.7 million home in Las Campanas; wife Joanna is on the National Council of the Georgia OKeeffe Museum. J Tylee Wilson 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. According to the source, Meaghan Oppenheimer's net worth in 2022 is estimated to be $4 million. We then used the public database site, Socrata, to create five searchable online databases of this information. Nicky Oppenheimer - Net Worth: $7.3 Billion South Africa's richest man is Nicky Oppenheimer. James Ortiz* It's too late for 130 laid off Thornburg Mortgage employees. Its been generations since the value of a dollar was in such doubt, with the US government planning to run a deficit over the next decade of $9,000,000,000,000thats a record $9 trillionenough to buy every adult Santa Fean a new F-22 fighter jet or a large stake in a uranium mine. Unlike taxes. Get this delivered to your inbox, and more info about about our products and services. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. $ Thornburg Mortgage was founded in 1993 with tax advantages in mind. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. The word came on April Fools' Day. 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TEX Cohan explains how Thornburg Mortgage funded its operations "most often by obtaining short-term, often overnight, borrowings" backed by the mortgages it held. Out of Harvard, Thornburg didn't follow his peers to Wall Street. Whoever pushed, Thornburg and Jirby left for Santa Fe, where they had summered. "The only real estate investment trust that didn't use leverage was Redwood Trust, in California." Kate Moss, Vice Chair The tax-avoidance strategy, foreshadowed by Thornburg's New York bond deals, was transplanted to New Mexico. 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. He also owns Santa Fes 16th most valuable home, a $6.6 million residence on Circle Drive. "I don't think it ever came up," former County Commissioner Jack Sullivan says. KEY TO SYMBOLS Now, she's focused on "pulling together the community." 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. Only two of the 18 billionaires have net worths that are lower than last year: Koos Bekker of South Africa, who dropped to $2.7 billion from $2.8 billion, and Mohammed Dewji of Tanzania, whose fortune fell to $1.5 billion from $1.6 billion a year ago. $$ Leslie Nathanson Juris Albin also owns a 2006 Cessna Citation business jet. 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. Letters will be edited for space and clarity. When most people buy a home or office building, they pay annual property taxes. Jane Fonda 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. Let's show some leadership.' Mayo Miller King. "That deal was done to avoid taxes," Lewis Pollack, another Concerned Citizen, says. "We were targeted," Santa Fe Councilor Miguel Chavez, who voted against financing the Thornburg campus in 2007, says. E/C . William A Miller Nicky Oppenheimer Net Worth: 4 Billion - As of April 2012 Source of Wealth: Mining, Diamonds The grandson of the founder of mining behemoth Anglo American, which now owns the world famous De Beers diamond group, Oppenheimer has benefitted from a surge in the company's share price. NDI New Mexico provides children with the tools and skills they need to succeed. $$ = Master of the universe Nicky Oppenheimer, heir to the DeBeers diamond fortune, sold his 40% of the firm to mining group Anglo American for $5.1 billion in cash in 2012. Structural Info Known for movies Sing 1989 as Cujette Source IMDB Aleem Hasham Leslie Nathanson Juris METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern. T Peter Townsend The famous actress divorced billionaire CNN founder Ted Turner in 2001. He failed. Despite the blue-blood cred, Dubin has a foothold here. J. Robert Oppenheimer, known as the "father of the atomic bomb," battled with the invention he helped to develop for the remainder of his life. Assessed at nearly $16 Diane Doniger Does the city have recourse? $$ish Salary in 2023. Mayo King $$ MacArthur, 76, founded and still heads Dynamac, a government contractor with lucrative deals, including a $120 million support contract at NASAs Kennedy Space Center. Maria Gale The strategy saved tons on storefronts and salespeople. E/C Those jobs, and the wealth they created, justified the tax breaks Thornburgs companies won over the years and the public accolades theyve received. In 1998, he hired Ron Chicaferro, then working for another REIT, to lead Thornburg Home Loans. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. Last month, Richardson named Thornburg to a commission to save the bankrupt College of Santa Fe. At that rate, one student in every Santa Fe classroom has a parent who has lost a job. To market those funds, he founded Thornburg Securities. Julie Bowdich "It wasn't all that hard. $ For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. "We are lucky to be here today," Thornburg told investors later. Catherine Oppenheimer co-founded the National Dance Institute of New Mexico in 1994 (NDI-NM) and the New Mexico School for the Arts (NMSA) in 2010. . 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 . EEE He still owns part of the company jet. 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. His brother Nassef is also a billionaire. Sarofims daughter Allison reportedly played a centaur in the first Chronicles of Narnia film. Andrew & Sydney Davis All that's left in the Thornburg name in Minnesota, property records say, is a home in downtown Lakefield. (According to Thornburg spokesman Miller, "No one in the family desires to continue in the farming business.") Even at Santa Fes vaunted living wage, a person would have to save every penny for 125 years to even put the traditional 20 percent down payment on financier Jeffrey Epsteins Santa Fe ranch. The 80-year-old former real estate developer and owner of Santa Fes Pinon Farm was buddies with former Pres. E/C It's harder to get a mortgage these days. As the mother of a six year old, she was able to segue Diane currently serves as the chair of NDI New Mexicos Santa Fe Development Committee and member of the Executive Committee. H Garrett Thornburg Jr. Patrick Lannan To value privately-held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. Larry Goldstone We think its important for people whom Santa Fes been good to, who may be from somewhere else, to understand our community. National Dance Institute of New Mexico is a 501(c)(3) not-for-profit organization and donations are tax-deductible. We believe [the suit] has no merit," Thornburg Investment Management spokesman Miller says. "Rather than just rolling over and playing dead, the administration could've said, 'There's good points on both sides. The disadvantage is that REITs must pay out 90 percent of profits to shareholders. She never remarried. "But I don't know how smart you'd have to be to predict this would've happened." Thompson Jr.Garrett Thornburg. Nothing ever came of it," Collins says. The continents billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. There is another explanation, as told in pending shareholder lawsuits against Thornburg.

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