Branchs projects include the San Isidro Plazas 1 and 2, as well as the housing developments Cielo Azul and Colores del Sol. Paul De Domenico 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. Thornburg spokesman Miller says that won't happen anyway and that the payments are up-to-date. $1 Million - $5 Million. Meaghan Oppenheimer has a net worth of $4 million as of 2022. Integer vehicula et lacus efficitur Allegra Lillard began dancing in her home state of Texas and Antionette, a native of Albuquerque, began her dance training at age three in ballet, jazz, tap, Bianca Lily Starr, MA & MSc is an alignment and safe dance specialist with an expertise in Chelsea received her Bachelors of Arts in Dance from Cal State Fullerton. Their $906,000 home on Thunderbird Corto is a short drive from the campus, soon to be emptier. (The McCune and Thaw foundations come in at $144 million and $52 million, respectively.) In 2007, the suit says, Thornburg Mortgage employees earned $26.1 million in base compensation, plus $23.1 million in performance bonuses. Michael L Klein 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. . Family Who Exited De Beers for $5 Billion Taps Asia's Rich Home base unknown "We got hit over the head with a 2-by-4 twice, and even a donkey could learn by getting hit twice with a 2-by-4," Thornburg told Mortgage Banking magazine in 2003. A big-time state contractor, homebuilder, landowner and Richardson campaign donor, Otero has one of the few Hispanic names on our list. Home base unknown Jerry Landgraf* Money is a slippery thing, especially now. Thornburg took hat in hand. A difficult day, CEO Larry Goldstone called it. Jirby claimed her husband "enjoyed a lavish lifestyle." 2 spot up from No. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. NM since 1994, except for a five-year detour to Fort Worth Texas where she was the Executive Director. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. To market those funds, he founded Thornburg Securities. She now runs a gallery in Taos. The couple had a son in April 2000. He graduated Harvard Business Schoolthe tycoons' training groundin 1970. Does the city have recourse? He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. Originally Kristin Macdonald is an art director with over twenty years of experience. Lawrence J Burke Neighbors had thought the land would stay vacant, and feared development would make Tano Road a death trap. It would give them time to reorganize," he says. $$ish Chelsea has performed as Corey holds a B.S. Of its tens of thousands of clients, most are individuals without a high net worth. EEE It was divisive. "We were targeted," Santa Fe Councilor Miguel Chavez, who voted against financing the Thornburg campus in 2007, says. And that he wanted that buildinghe being the governorto be a monument of the potential of Santa Fe to be a financial center," Collins says. David Foster This limits reinvestment in the companyat least without borrowing. Catherine Lozick - Forbes In December 1971, still in Jamaica, Thornburg married Inger Jirby, an artist from northern Sweden, who speaks seven languages. $$ "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." By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. On Jan. 4, 2007, Gov. He donates big to Democratic politicians and the Center for Contemporary Arts. The issue was relatively pedestrian: traffic. Instead of just buying loans, the company would make them, too. EEE "There's a lot of geniuses out there, right? Born in South Africa, Nicky Oppenheimer . William A Miller E/C $$ = Master of the universe Help keep local journalism fighting for you. $$$ Next to that nonprofit fortune, Lannans $729,000 home on Camino Militar looks relatively modest. . He grew up in tiny Lakefield, Minn., where his father was a livestock broker; a 1949 edition of the Lakefield Standard records Thornburg Sheep Co. purchasing a prize lamb for $1.10 a pound. The strategy saved tons on storefronts and salespeople. Redwood Trust lost $444 million last year, but remains in business. This week's cover story made use of numerous public documents and SFR writer Corey Pein created numerous . Originally from Myers Godwin joined NDI New Mexico in 2012 and now serves as the organizations Albuquerque Cynthia Delgado, Government & Corporate Relations Director, a position she has held since July Jenn Venegas was born and raised in El Paso, Texas. He was pumping out good cash dividends to the owners of Thornburg Mortgage, Inc. As a group, the continents 18 billionaires are worth an estimated $84.9 billion a 15% increase from 12 months ago and the largest tally since at least 2015. He owns at least 720 square miles of conservation land across South Africa, Botswana, Zimbabwe,. 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. He expected to becomeand he dida big fish in a small pond. Mayo King Diane Doniger METL operates in at least six African countries and has ambitions to expand to several more. EEE We then used the public database site, Socrata, to create five searchable online databases of this information. Robert B Knutson She is trained in ballet, Gabriel graduated from the University of New Mexico with a B.A. $$$ It hurts to have 130 people lose well-paying, financial-sector jobs. (The stock actually peaked at $32 about a year ago; its now 1 cent.) His massive worth comes from his successful career as a real estate broker and attorney. Shane Cronenweth* 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. Catherine Oppenheimer He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. The first time Garrett Thornburg was hurt by the foreclosure of someone else's home, it was 1986. Affecting their life outcomes will change the picture of New Mexicos future and is the key to a thriving economy. The 32-year-old has a knack for selling houses in her blood. Catherine Jordan Oppenheimer, 59 - Santa Fe, NM - Reputation & Contact Then the ground moved. RT @Nairametrics: This has placed him ahead of South African billionaire Nicky Oppenheimer, who currently has a net worth of $8.4 billion as of the time of writing this report. As Apple's CFO Peter had a wide range of responsibilities including overseeing the controller, treasury, investor relations, tax,. For many years, his companies had rented space downtown on Marcy Street. Girard is president of her family business, Greer Enterprises, the real estate company developing a condo/retail project at the Lensic. Gene Hackman Oilman Klein owns a $6.7 million home in Tesuque with wife Jeanne; together, theyre on this summers ARTnews list of top collectors worldwide. Meet Tom Ellis' Wife Meaghan Oppenheimer: All About Her - CelebSuburb Santa Fe Review Editor George Johnson has a24/7 webcam trained on the Ford mansion (and on the Davises property; see Some usual suspects). "And so we smiled and said, 'That's wonderful, but we haven't changed our minds.'" Thornburg's reputation grew. "That deal was done to avoid taxes," Lewis Pollack, another Concerned Citizen, says. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. "The incentive program for the senior officers was based directly on the amount of money returned to shareholders." Krys Custer* W/C Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. Tracking the performance of complex, constantly changing private investment portfolios, combined with the fluctuating value of land and property, is another. To market those funds, he founded Thornburg Securities. The tax-avoidance strategy, foreshadowed by Thornburg's New York bond deals, was transplanted to New Mexico. Biggs, 73, has a $2 million home in Las Campanas and serves on the board of the Santa Fe Opera. But theres another side to the strange economic mix that is Santa Fe. This week's cover story made use of numerous public documents and SFR writer Corey Pein created numerous spread sheets throughout the course of reporting this story. "He wasn't a genius because Bernanke set the short-term interest rate at Thornburg's benefit. She co-founded the National Dance Institute of New Mexico in 1994 (NDI-NM) and is past chair. $ish Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. Peter Frank The company jet, part owned by Thornburg personally, is not up for sale. 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. "They don't want us to spend our time fighting with a mortgage company that's already failing over whether it's producing enough jobs," Dwyer says. $$ish She started her working life with what was then Albuquerque National Bank and left to work with her father at Rust Tractor Co. until the dealership sold in 2002. 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. "The 'genius' element was very simple. Sarofims daughter Allison reportedly played a centaur in the first Chronicles of Narnia film. EIN number 85-0431846.Copyright 2023 | Donor Privacy Policy | Privacy Policy | Photography Credits. Thornburg Investment Management and Thornburg Securities had paid $115,000 in gross receipts taxes over two prior years. The House Thornburg Lost | | Santa Fe Reporter Supporting NDI New Mexico in our community benefits us all!, Joining our Corporate CouncilSponsoring Our GalaPromoting Giving in Their Business. The doors throughout the dwelling are equipped with hardware as hefty and as elaborately detailed as that on medieval town gates. 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. "I would consider both Garrett and Larry Goldstone to be very, very smart guys," Chicaferro says. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. 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. We also welcome you to follow SFR on social media (on Facebook, Instagram and Twitter) and comment there. Thornburg's 29-year-old son has his own small plane. 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. "Thornburg is often referred to as one of the good guys that's having trouble. (The ranch was originally assessed at $33.3 million, but Epsteins lawyers sued the county in 2001 and successfully shaved $84,000 a year from his property tax bill.) Stephen L Feinberg 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. Nigerian cement tycoon Abdulsamad Rabiu is $1.5 billion richer after taking yet another of his companies public, following the listing of BUA Cement in January 2020. Sandy Seligman, Leslie Nathanson-Juris, Chair E/C A more than 60% surge in the share price of his luxury goods firm Compagnie Financiere Richemont maker of Cartier watches and Montblanc pens pushed his fortune to $11 billion, up from $7.2 billion a year ago, making him the biggest gainer on the list. Bill Clinton. Bill Lang* "I think Garrett liked Santa Fe very much. Gov. It claims that by April 2007, Thornburg acknowledged "burgeoning concerns" with the Alt-A market but assured investors that their money was safe because Thornburg was "different. EEE T Peter Townsend 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. According to TCM, Katharine Hepburn died on June 29, 2003 at the age of 96. National Dance Institute of New Mexico is a 501(c)(3) not-for-profit organization and donations are tax-deductible. 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. Whoever pushed, Thornburg and Jirby left for Santa Fe, where they had summered. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Get this delivered to your inbox, and more info about about our products and services. Meet the ultra-rich South Africans you've probably never heard of Nancy Blaugrund* Laurie Overton*, Laura Brunik, Chair* His lawyers claimed Thornburg Management only truly owed $646, while Thornburg Securities owed zero dollars. Nicky Oppenheimer & family - Forbes The process took years and involved thousands of Americans who couldn't afford their home loan payments. Aug. 19 estate of the day on luxist.com. In 1982, in a small office on Galisteo Street, Thornburg founded Thornburg Investment Management. Chastened, Thornburg changed course. Ron Chicaferro, who moved from California to join Thornburg, recalls. The 10 Richest People in South Africa - Money Inc 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. He was building this famousin his estimationbuilding. "Terrible mortgage securities made up of junk were rated AAA. The company sold "super-prime" "jumbo" mortgagesbig houses for rich peoplewhich few New Mexicans could afford. Mark Zuckerberg. Brian McGrath 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. Catherine Oppenheimer, has assets of $22 million. At that rate, one student in every Santa Fe classroom has a parent who has lost a job. Congratulations to the @BUAgroup and his family . Santa Fe, New Mexico, United States. But several professional fundraisers told us our method was more exhaustive, if less personal, than their own means of sniffing out deep pockets. "We are lucky to be here today," Thornburg told investors later. 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. He owns 7% of diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg. Our People - NDI New Mexico Joe Schepps He retired in 2006 from Education Management Corporation, the company that owns the Art Institute franchise of schools. 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 NDI New Mexico is an excellent example of an organization that holds itself to a high level of excellence. She and her husband are founding co-chairs of the Smithsonians National Museum of the American Indian in New York City. Ultimately, Jirby would keep sale proceeds from the home, the art and physical custody of their son. 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. He has been in the USA for over 20 years, 10 of those being in Albuquerque. 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. 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. Wayne A Reaud If theres anything people lie about as often as sex, its money. Devin Lujan* "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. Linda Love Louisa Stude Sarofim "We like to keep our name out of the press," Investor Relations Director Mike McMahon says. That year, investors including Goldman Sachs paid $3.4 billion for the company Knutson had led since 1969. Leslie Carpenter* 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. Alexis Girard EEE The former RJR Nabisco board chairman and his wife have a $1.5 million home here. Her Tesuque Ridge home was assessed at $4 million last year. That means they demanded extra money to ensure they didn't lose on Thornburg's bets. KEY TO SYMBOLS EEE Wealth also gets harder to measure as it grows. W/C World's 12 Wealthiest People Got $36 Billion Richer in a Single Day Their family invented Rice-A-Roni. Was all that deserved? 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. 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. That was an overstatement, at best. The company managed mutual funds (and still does $34 billion worth, as of Dec. 31, 2008). Peter Oppenheimer has a net worth of $200 million. Last week, after 14 years of growth and two years on life support, Thornburg Mortgage announced its bankruptcy. Alt-A falls somewhere between prime and subprime. Richardson appointed Frank, a former PricewaterhouseCoopers senior partner who lives in Tesuque, to the State Investment Council this year. Let's show some leadership.' Truth is, any time you see a richest list, whether its in Forbes or Fortune or the defunct Crosswinds weeklywhich published a New Mexicos-richest list in 1996the methodology behind it is at best educated guesswork. She says it's fair to say that Thornburg bullied the city. "It sold real well," broker Dan Pike says. Ocean Munds-Dry is Managing Counsel for ConocoPhillips where she advises the company on New Mexico legal and regulatory matters. $ish $$$ Brilliance wasn't enough for Thornburg. "Unbeknownst to the attendees of the meeting and investors," the suit claims, Thornburg "was just two days away from commencing the sale of 35 percent of its highest quality mortgage-backed assets to meet margin calls." A Stanford University professor and acclaimed heart surgeon with at least one patent to his name, Stertzer owns a $6.1 million home in Tesuque; a Cessna aircraft also is registered at his address. The actors ranch is technically in Mora County, but his wife is a partner in a Santa Fe shop. As a group, the continents 18 billionaires are worth an estimated $84.9 billion a 15% increase from 12 months ago and the largest tally since at least 2015. $$ish The companys six-story, glass-domed Southern Service Center in Charlotte, NC bears his name. In 2001 he purchased the Palomino Club, a popular strip joint in northern Las Vegas, Nev. Thornburg Mortgage was founded in 1993 with tax advantages in mind. When the couple left the West Indies, Thornburg tried his hand at banking in London, then real estate in New York City. 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. Miller famously beat the stock market for 15 years running with his Baltimore-based mutual fund, the Legg Mason Value Trust. The Times blurbed Thornburg in June 1979, when the company made him a vice president. $ = Loaded William H, board chair of the Santa Fe Institute, is often mentioned in company with investment stars like Warren Buffett; in fact, Miller is reportedly pals with Buffett, the worlds richest man. Peter Oppenheimer Net Worth | Celebrity Net Worth According to reports, the brothers both stand at five feet and six inches tall. $$ish J. Robert Oppenheimer, known as the "father of the atomic bomb," battled with the invention he helped to develop for the remainder of his life. The company is structured as a Real Estate Investment Trust. "A bankruptcy would do that. NDI New Mexicos programs help children develop executive function skills that are critical to succeed in school and the workforce: To learn more or to join the Corporate Council, please contact Myers Godwin, Albuquerque Development Director at (505) 340-0213 or mgodwin@ndi-nm.org. "I was probably the first Harvard MBA to be on unemployment," Thornburg told New Mexico Business Weekly in 2006. But Garrett Thornburg will be OK. The late William Zeckendorf Sr. was a big real estate developer in New York City. "Everybody's happy and, all of a sudden, here's Thornburg," Patrick Collins says. The company managed mutual funds (and still does$34 billion worth, as of Dec. 31, 2008). $$ Africas billionaires are richer than they have been in years. 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. EEE = More local than not Oppenheimer Asset Management Review | SmartAsset.com 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. W/C The new Thornburg campus, which opened this year, looks down over the city like a citadel. 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. She has been with Ms. DiPaolo Love moved to Santa Fe with her husband, Steve and their daughter, Olivia in 1994 from New York City where she had a successful career as an actress and spokeswoman in TV commercials and voice-overs. Thats a peculiar kind of person. 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. His Thornburg Charitable Foundation has assets of $23 million (and pays $100,000 a year to Executive Director Suzanne Barker Kalangis, wife of Thornburg Mortgage Director Ike Kalangis). In 1998, he hired Ron Chicaferro, then working for another REIT, to lead Thornburg Home Loans. The Legislative Finance Committee suggested the true benefit lay elsewhere: "LFC is aware of one company already located in New Mexico, Thornburg Investment Management, which will benefit from the proposed deduction"to the tune of $210,000 annually. Thornburg would keep his company stock and his tax-deferred retirement account. History reports that she died in her home in Old Saybrook, Connecticut, from natural causes.

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