Monday, 2 December 2013

The Richest World Leaders Are Even Richer Than You Thought

Ever wondered just how rich the richest world leaders really are? To put it in perspective, President Obama may be worth several million dollars, but he does not even come close to some of contemporaries.
Based on available data, HuffPost World has compiled a list of the 20 richest world leaders currently in power. The roster includes a mixture of kings, presidents, sultans and queens. Most are male (as the world's political leaders tend to be, too). They skew to the Middle East, with seven of the 20 leaders originating from that region, and their wealth generally comes from family connections, profitable investments and in some cases, corrupt rule. Unsurprisingly, many of their country's citizens lead much, much humbler lives.
For comparison, each country's GDP per capita is juxtaposed with a leader's personal net worth, just to show how different life is for the haves and have-nots.
Meet the 20 richest world leaders:
  • 1
    Vladimir Putin, President of Russia
    Getty Images

    Worth: $40 Billion

    GDP per capita: $14,000

    Russia's President Vladimir Putin attends a ceremony to hand over the diplomatic credentials at the Kremlin in Moscow, on October 23, 2013. (MAXIM SHEMETOV/AFP/Getty Images)
  • 2
    Bhumibol Adulyadej, King of Thailand

    Worth: $30 Billion

    GDP per capita: $4,400

    In this Dec. 5, 2011 file photo, Thailand's King Bhumibol Adulyadej is pushed on a wheel-chair while leaving Siriraj hospital to the Grand Palace for a ceremony celebrating his birthday in Bangkok, Thailand. (AP Photo/Apichart Weerawong)
  • 3
    Hassanal Bolkiah, Sultan of Brunei
    Getty Images

    Worth: $20 Billion

    GDP per capita: $41,000

    H.M. Sultan Hassanal Bolkiah of Brunei Darussalam arrives at the 9th World Islamic Economic Forum at ExCel on October 29, 2013 in London, England. (Photo by Matthew Lloyd/Getty Images for 9th World Islamic Economic Forum)
  • 4
    Abdullah bin Abdul Aziz Al Saud, King of Saudi Arabia

    Worth: $18 Billion

    GDP per capita: $21,000

    In this March 24, 2009 file photo, King Abdullah bin Abdul Aziz al-Saud of Saudi Arabia waves to members of the Saudi Shura Council in Riyadh, Saudi Arabia. (AP Photo/Hassan Ammar)
  • 5
    Khalifa bin Zayed Al Nahyan, President of the UAE
    Getty Images

    Worth: $15 Billion

    GDP per capita: $40,000

    Emirati President Sheikh Khalifa bin Zayed al-Nahayan leaves 10 Downing Street in Central London on May 1, 2013 following a meeting with Britain's Prime Minister David Cameron. (ANDREW COWIE/AFP/Getty Images)
  • 6
    Mohammed bin Rashid Al Maktoum, Emir of Dubai
    Getty Images

    Worth: $14 Billion

    GDP per capita: $16,000

    Sheikh Mohammed Bin Rashid al-Maktoum, ruler of Dubai, arrives to attend the 10 million-dollar Dubai World Cup, the world's richest horse race, at the Meydan race track in the Gulf emirate on March 30, 2013.(MARWAN NAAMANI/AFP/Getty Images)
  • 7
    Kim Jong-un, Supreme Leader of North Korea

    Worth: $5 Billion

    GDP per capita: $1,800

    North Korean leader Kim Jong Un arrives at the cemeteries of fallen fighters of the Korean People's Army (KPA) on Thursday, July 25, 2013 in Pyongyang, North Korea as part of ceremonies marking the 60th anniversary of the signing of the armistice that ended hostilities on the Korean peninsula. (AP Photo/Wong Maye-E)
  • 8
    Hans-Adam II, Prince of Liechstenstein
    Getty Images

    Worth: $5 Billion

    GDP per capita: $135,000

    Prince Hans-Adam II of Liechtenstein attends the wedding ceremony of Prince Guillaume Of Luxembourg and Princess Stephanie of Luxembourg at the Cathedral of our Lady of Luxembourg on October 20, 2012 in Luxembourg, Luxembourg. (Photo by Sean Gallup/Getty Images)
  • 9
    Mohammed VI, King of Morocco
    Getty Images

    Worth: $2.5 Billion

    GDP per capita: $3,000

    Moroccan King Mohammed VI attends the inauguration of an exhibition at the National Library in Rabat on July 16,2013. (FADEL SENNA/AFP/Getty Images)
  • 10
    Sebastian Pinera, President of Chile
    Getty Images

    Worth: $2.5 Billion

    GDP per capita: $15,000

    Chilean President, Sebastian Pinera participates in a military parade in Santiago on September 19, 2013, on the day of the 203rd anniversary of Chile's independence. (CLAUDIO SANTANA/AFP/Getty Images)
  • 11
    Hamad bin Khalifa Al Thani, Emir of Qatar

    Worth: $2 Billion

    GDP per capita: $90,000

    Emir of Qatar Sheikh Hamad bin Khalifa al-Thani waves to the crowd as he and and Gaza's Hamas prime minister Ismail Haniyeh, not pictured, arrive for corner-stone laying ceremony of a Qatari funded rehabilitation center in Gaza City, Tuesday, Oct. 23, 2012. (AP Photo/Hatem Moussa, Pool)
  • 12
    Sonia Gandhi, President of India's INC
    Getty Images

    Worth: $2 Billion

    GDP per capita: $1,500

    Congress Party President Sonia Gandhi smiles as she prepares to deliver a speech during a ceremony celebrating the 150th birth anniversary of former Congress Party president and freedom fighter Motilal Nehru in New Delhi on September 25, 2012. (RAVEENDRAN/AFP/Getty Images)
  • 13
    Albert II, Prince of Monaco
    Getty Images

    Worth: $1 Billion

    GDP per capita: $163,000

    IOC Member Prince Albert II of Monaco looks on during the 125th IOC Session - IOC Presidential Election at the Hilton Hotel on on September 10, 2013 in Buenos Aires, Argentina. (Photo by Scott Halleran/Getty Images)
  • 14
    Qaboos bin Said, Sultan of Oman
    Getty Images

    Worth: $700 Million

    GDP per capita: $23,700

    Oman's leader Sultan Qaboos bin Said attends the third day of celebrations marking 40 years since he took the throne at Midan al-Fath Stadium in Muscat on December 1, 2010. (MOHAMMED MAHJOUB/AFP/Getty Images)
  • 15
    Teodoro Obiang Nguema Mbasogo, President of Equatorial Guinea
    Getty Images

    Worth: $600 Million

    GDP per capita: $24,000

    Equatorial Guinea President Teodoro Obiang Nguema walks on the pitch on February 12, 2012 before the start of the final match of the 2012 African Cup of Nations (CAN 2012) opposing Zambia to Ivory Coat at the stade de l'Amitie in Libreville. (ISSOUF SANOGO/AFP/Getty Images)
  • 16
    Bashar Al-Assad, President of Syria

    Worth: $550 Million

    GDP per capita: $3,000

    In this photo released by the Syrian official news agency SANA, Syrian President Bashar Assad speaks during an interview with the German magazine Der Spiegel, in Damascus, Syria, Monday, Oct. 7, 2013. (AP Photo/SANA)
  • 17
    Ilham Aliyev, President of Azerbaijan

    Worth: $500 Million

    GDP per capita: $7,000

    Azerbaijan's President Ilham Aliyev attends the summit of the Commonwealth of Independent States in Minsk, Belarus, Friday, Oct. 25, 2013. CIS includes eleven former Soviet nations. (AP Photo/RIA-Novosti, Mikhail Klimentyev, Presidential Press Service)
  • 18
    Elizabeth II, Queen of England
    Getty Images

    Worth: $400 Million to 500 Million

    GDP per capita: $38,000

    Queen Elizabeth II visits Ebony Horse Club & Community Riding Centre in Brixton during a joint visit with Camilla, Duchess of Cornwall on October 29, 2013 in London, England. (Photo by Chris Jackson/Getty Images)
  • 19
    Sabah IV Al-Ahmad Al-Jaber Al-Sabah, Sheikh of Kuwait

    Worth: $400 Million

    GDP per capita: $56,000

    The Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah reviews an honor guard during the welcoming ceremony at the Imperial Palace in Tokyo, Wednesday, March 21, 2012. (AP Photo/Itsuo Inouye,Pool)
  • 20
    Mswati III, King of Swaziland
    Getty Images

    Worth: $100 Million

    GDP per capita: $3,000

    Swaziland's King Mswati III looks on at the opening ceremony of the 31st Southern African Development Community (SADC) summit on August 17, 2011 in Luanda. (STEPHANE DE SAKUTIN/AFP/Getty Images)

02-Dec-2013 CSE Trade Summary

Crossings - 02/12/2013 & Top 10 Contributors to Change ASPI

Following Stocks Reached New High / Low on 02/12/2013

Quote for the day

“The people who want to be recognized as the greatest traders are probably not the greatest traders. Egos get in the way of the process. In my opinion, you never want to be the largest player in the pit.”-  Blair Hull

Do not be a slow adopter in the stock market

When it comes to technology, there are early adopters, likely to be gadget freaks who will buy the latest iphones. Many people will not understand what is the craze all about. Soon, more and more people begin to own that iphone. Once a ‘critical mass’ has reached, iphone will become the ‘thing’ to own. It is deemed as a coveted item and become an object of desire for the majority.

The diagram below is known as the Rogers Bell Curve. It is used to describe the technology adoption lifecycle.

I notice this human behaviour is reflected in the stock market too.

There are early adopters who would buy early during the start of the bull run, while majority of the people are bearish.

As stocks move higher, more investors will flow in. There will still be people who would believe that the market will not go up further and it is due for a drop.

When the ‘critical mass’ is convinced that the market is bullish, money will be poured into the market, chasing up stock prices. The laggards who finally recognized the bull market would buy at the last stage.

How many laggards would have been left to support the irrationality in the market? When the demand wanes, sellers will try to get out at all costs. And this would be the start of the downward spiral of the stock prices.

It is alright to be a laggard when it comes to leisure items like gadgets. Being a laggard in the stock market is going to cost you a fortune.