Forbes 09.11

:
: FORBES
2.0

. IjIJJ~J 1IIIIII11il,
.;
..
g'
HOUR VISION.
, .
OMEGA

ORBIS Flying Hospital

( ),
. OMEGA Hour Vision Blue
Q
OMEGA
.. ,
.,.-6r
ORBIS
,6
74
85 , 92
VERTU
LIFE . BEAUTIFULLY ARRANGED . *
.., .
. , .
- .
. .
3, 1-7 495 995 92 98

35, +7 495 995 45 45
', . . 10, +7 495 225 92 98
FORBES
2011/09 (90)

33

36
,
,
38
40
42
33
...
44
48
50

3D-
iPad

55
58
60
8 FORBES
, 2011
FORBES
3 3
63
66
2.0
94
70
98
"

IM

Lenovo
104
98
108
110
$1750
112
76
':
73
"
72
78
118
82
Forbes.ru
120
"
Nokia
Volga River
lackBerry
126
84
128
Forbes
88
90
82
136
138
142
1 FORBES
L~N :::::
=L
l'AR, L'AMOUR, lA MODE
DAtlGRA
DESIGNED
DAtI fOR GAtA
daligramme.com
. ,
13, .: (495) 777 4100 - " yr" , , 25, .:(495) 937 0526 - , 3- , .: (495) 937 9024
2, .: (495) 937 9025 - "" , " Pret-a-poner", .: (495) 229 2769
" ", .,
FORBES
182
"

146 "

154

36,6
158
1990 -

164

170
,

176

182

190

192
12 FORBES
2011
154
:
, -
"
164
FORBES
158
5154
60
146
146
154
146
60
158
146
164
158
58
154
58
58
146
55, 146
146
110
170
60,158
- 146
60
170
6,6
73
146
154
73
120
60
120
78
60
170
146
76
158
146
154
170
164
84
164
158
158
154
63
60
158
138
146
146
170
158
154
146
146
170
110

176
128
146
154
170
170, 176
94
-
142
158
146
158
164
170
146
158
158
146
146
164
164
164
164
164
146
55
176
170
154
158
98
158
'
170
164
146
146
-2170
158
73
158
142
164
170
146
158
170, 176
120
158
66
164
170
66
60
142
146
146
146
73
154
170, 176
146
60
154
58,146
58, 170
170
170
158
146
158
170
73
16
158
-4170
66
55
146
146
158
170, 176
164
60
164
66
154
76
164
146
154, 170
,2011
63
164
164
14 FORBES
146
164
164
72
73
158
72
!II
,
142

1154
158
164
154
146
O~
\ \ \
{:
/11 /11/1' '/" 11 111" \ " \ ,\ \
FORBES
146
146
142
66
BROOKDALE SENIOR LIVING 138
yr 146
66
CHEIL WORLDWIDE 76
114
CHILD & CHILD 55
158
146
BOOTS 154
CISA66
146
158
COLGAE-PALMOLIVE
yr 142
D.R. WAKEFIELD &
DESTINY DEVELOPMENT 60
176
170
60
E.ON
170
170, 176
176
ENEL 170
FERRATE TREATMENT TECHNOLOGIES 78
FLEMING FAMIL & PARTNERS 142
70
GENSER 120
154
GOLDMAN SACHS 98
60
GREEN
146
HERING 136
170, 176
120
PLANE
AID 78
63
154
HI CAPITAL CORPORATION 154
170
154
HOMEPLUS76
146
78
INFOWATCH 164
60
158
INNOVA SYSEMS 60
363
JP MORGAN 110
146
58
ADINA
60
AMIS73
55
KELLOGG 76
84
58
142
158
146
KOTANYI73
KPMG 146
170
170, 176
170
LENOV072
154
164
LEO
URN
158
LIFE
ECHNOLOGIES
146
LOMBARD ODIER 138
158
146
48
MOSCOW 76
138
58
60
146
170
MAIL GROUP 60
170, 176
158
66
170
MIDLAND DEVELOPMENT 60
3146
154
NATIONALE SOCIETE GENERALE BANK 136
136
NESTLE 110
164
158
63
73
48
66
- 94
SMITH 55
PHILEX 136
15
158
PIMC094
PROGRESTAR 60
3146
146
164
158
60
3 146
72
142
QUADRO CAPITAL PARTNERS 142

RESEARCH-IN-MOTION (RIM) 82
SAMSUNG 82
SCHRODER INTERNATIONAL SELEClON FUND
146
138
MICROSOF 2
NOlA82
158
RESEARCH 78
PAINTS & CHEMICALS INDUSTRIES 136
164
16 FORBES
136
70
176
FINANCIAL GROUP HERMES HOLDING
, 88
LTD 110
146
!'1
,
58, 112
170
15
EGYPIAN
164
INDIA 136
DSM GROUP 154
72
146
A-Z
SHAPEWAYS 50
146
158
SPRANDY 120
3
STARBUCKS 110
72
176
AIKOS60
SYNCOPATE 60
-6176
NZ
ESCO
164
APPLE 82
VIGLE
146
FILMS60
WIGA76
142
AUTOGYR070
UFG 142
BARCLAYS CAPITAL 138
VINACAFE BIEN
146
170, 176
,2011
GLOBAL INVESTORS FUND 138
INERNATIONAL
138
76
60
5 REAIL
110
GROUP 154
Forbes

,

-

(),
<), ,
<, (<<),
, (<<),
(<<

. .

. .
(johann.satt!er@axe!springer.ru)

(ad_sa!es@axe!springer.ru)
(tatyana.ivannikova@axe!springer.ru),
, ,
,
, ,
, , ,
, ,
(),
, ()
Forbes)
( )
(ivan.potopakhin@axe!springer.ru),
( Forbes) (ekaterina.
storozheva@axe!springer.ru), (
Forbes Sty!e, Forbes Woman)
(e!ena.kubareva@axe!springer.ru),
( Forbes) (irina.scherbakova@
axe!springer.ru), ()
. +7 4959809538
(),
,
(-)
(irina.antonova@axe!springer.ru),
()
" . WWW.FORBES.RU (-),

, , ,
, , , ,
, (
), , ,
Steve Forbes
CHIEF OPERATING OFFICER Timothy . Forbes
VICE CHAIRMAN Christopher Forbes VICE PRESIDENT,
BUSINESS DEVELOPMENT Migue! Forbes
Forbes . . Forbes 1917 .
FORBES, INC. PRESIDENT AND EDITOR-IN-CHIEF
Picvario I Russian Look

(),
, (
), ()
( ),

(natalia.g!uschenko@axe!springer.ru)
,
(. ), ,
+7 495 980 52 59, +7495 980 52 54
129226 , , . , 16, . 1, 6- . +74959805252, : +74959805255 E-:

info.forbes@axe!springer.ru Forbes (<<) ,
.
NQ77-41677
83675,83701;
95 000
13 2010
- 24490;
29.08.11
ISSN 1810-8660
3 - . .,
- 15100.
3/ 34
8 800 200
10
. :
. . ,
, .
published in the US Edition of Forbes. rights reserved.ToproBbIe
2011 3 2011 Forbes, as to materials

Forbes Forbes Inc.
Forbes Inc. ZAO l Springer Russia is affiliate ofAxel Springer AG.
l springer
18 FORBES
2011
FORBES
, ,
17 .
? ,
( ,
- ,
108). , 2,5 ,
(.
110), -
1998
6 ?),
, .
? ,
2008 ,
-
36.).
. , ,
, , .
: ,

: .
. ,
, , .
- 60%.
, ,
S &
, .
: .
. .

,
,
, ,
. ,
. ,
Forbes,
, : .
.
, .
, , -
20 FORBES
,2011
,
.
. ,
.
,
: . ?
,

? . !
? , . !
? , , !
, , ,
, .
.
JAGUAR XJ.
3 415 000
FORBES

S&P
.
,
...
S&P

(
.
- Forbes)
, ,
, ,
. ,
4)
$2 ,
S&P
...
. ,
S&P
!)
, ,
S & .

, , .
, -
22 FORBES
,20 1 1
- ,
Deloitte, n
n ,
Sln.
FORBES
1991
~ ,
~ ~~~~~~~He, .

2020 ?
. ,

.

,
40%
-.
2020 .
, .

pHMaTecKo .
, .
Bx ,
, -
.

.
$125
$90
24 FORBES
,20 1 1
,
.
VOLVO 3 .
60 . 6 60 .
60 . Bbl
E 60 VOLVO 90.
VOLVOXC90
60
799 900 '
..
..
201 ..
, .
FORBES.RU
FORBES
FORBES

,

,

. Forbes.ru

fS.u/d/7772

, ,
Forbes
( .112)
3-
. ,
<<
, . ,
.
, , ,

Forbes.ru.
forbes.ru/nodeI71214
"

,

1941
, +
,
,
S&P ,
? , ,
FORBESV
? ?
70
?
?
Forbes.ru ,

, .
26 FORBES
,2011
Forbes.ru
fjij
TERRE ,..
RMcS
FORBES
Lastfail.

:
,
,
,

06
Facebook
- . ,
Proballer.
. ,
6JI
3.
Iv_ '965. ,
. [ ,
],
. ,
General Catalyst
Partners,
Q>]
. ,
20 )
100%-
, ,

63
. -
. ,
, .
28 FORBES
,2011
: ,
( . .).
21-24
2011
:.
+74952202402
+44 20 7766 4300
Burgess
+377 97 97 81 21
1 212 223 0410
VO YOS60
VOLVO: 8 8007000020
WWW.VOLVOCARS.RU
30n
naKcOH"
n ..
2010
6n
3 n"
roAa
2011
2011
Volvo. for life
It _ _
8
---. _
.
1'aOoIIt~_I7000
__
. . . . . Cn'tI' IIDOtOOt
I"OOIItfCIIII~~.
.--n
............. .,....".
.. ...
-..........
_ _~
_
..........-
-..
-~
-- ......_.-
_-...
.........,,~
... _~, ..
0' _ _
CJI
. .. ,-QOA-
--.,....
--~
.r....... .....

"
2011 FORBE5 33
11
),
, .
. I
,
,
,

-,
,-
, ,
. ,
- ,

11
. ,
oHx

. -,
- (
) .
, ,
,
,
, ,
11
, ,
-,
, -
~,d
34 FORBES
, 2011
FORBES.RUlLU ANOV
, , ,

. ,
, .
,
,
.)
-
$5,17 .
$1
20

Social Security,
Medicare.
,
,
50
$3 .
2008
50
$2,98 ,
$1,9 . $1
$14
- .
HocT'
$14,3
20%.
- ,

,

. -
peKae
3%.
. ,
. ( ,
, ,
Hoo
. ,
, -
-,
36 FORBES
, 2011
. ,
. ,
15% 1990-
35% 2009 . 12-
, .
. 2008-
, .
- 1 2010
10
3:1
2002-2007
1: 1.
, .
, ,
72% 62%,
27%.
, .
. ,
()
FORBES.RU/TSYVINSlIOLEG
+ 49 89 444 577 50
+ 49 89 444 577 51
,
+7 (495) 9806625
+7 (495) 980 66 20
:t:
U
v1
t;::
...J
::r:
u...
::J
<{
z
-<
GLId
www.glimm-med.de

,
.
.
,
uu
8,5%
8%,
25%.
, ,
, ,
, .
S&P

, ,
(
2008

.
'
) .
).
, -
, .
38 FORBES
, 2011
, , ,

,
,
. ,
KoBc .
, ,
, . ,
) .
, .
,
,
,
www.yescompany.ru
-
,
,

,
,
,

,
, ,
. ,
,
,

'08 11 n/ '09 ' 11 n/ '10 11 n/ ' 11

'08
'09
'10
:
1 .
'11
.
, ,

.

.

FORBES.RUlYUDAEVA
-,
visiting professor
-- ()
...
, ,
. 1990-

--.
, .
25 .
. ,
, ,
-,
40 18
100000 .
2010
--,
100 000
400 000 .
, ,
2000-
26 ,
14,2
2010
Economist.
,
: ,
,
.
40 FORBES
, 2011
FORBES . RU/VOROZHEYlNA
.
.8
u
.;
'""
....
cn
....
;:::
Q.
-"
u
'"
t/)
t/)
BOSS
HUGO
BOSS

... .
. ,
CIIIA (
think tanks
),
, ,
think tanks
-,
RePEc.
, -, ,
. 2000 -,
. ,
21
-2020, (
) -
, ,
).
-2020
, :
.
?
think tanks
think tanks
).
, ,
. ,
(,
Brookings Institution, American

Enterprise Institute, Carnegie,
100 think tanks,

10
. -
(think tanks,
RAND, Peterson
Institute,
400)
20
42 FORBES
2011
. ,
, , ,
FORBES.RUlGURIEV

20005
6,200 (3.350 .)
- ,
roro .
, .
2oo0S
.
. .
R. IIlcon2000S.com
DASSAULr.
~FALCON
EHf11HEeReo
WITH
P,..6$IOH
OMEOFFICE
(
secretary (<<
.
, ,
,
154-
rs r
intemational, -
, . ,
.

,
.

. : ,
, ,
. ,
. ,
. , ,
, ,
( ,
ro .
aM
10-15,
10
20 ,
1822
.gdluk,
coKoopaoBaHHM'
, .
70%
, .
44 FORBES
, 2011
, .
).
, .
. ,
),
1000
- 10,4.
31
- 2,7.
5
11 !
- 29,
, .
, -
. m
, , .
Member of rlimt
, ,
,
.
, , ,
. ,
. : ,
(,
, ,
. ,
. .
4)
~~
46 FORBES
, 2011
FORBES . RUlCHICHVARlN
""
()

3100
40
,
,
1896
$100 , $32 000 .
70
620 ,
( -
32 ), , 11 000
.
19 500 . .
2200 , ,
, 1100
60 1899
1984-
. 1984
-
- .
TeHo' ,
. ,
) ,
100000 . ),
, ,
The Living Daylights

. 1995
- .
$150
2001
...
174 .
. -
48 FORBES
,2011
-,

- 10- -
.

,
3~~3I~ ~ ~t~ttl:
~tt ~tI t 3~
3~~3I~ ~ ~t~ttl:
~tt ~tI t 3~
()
Bect-.
10 .
21 ,
$150 ( $2 ).
1934 ,
HTcKx
. 1960-
50
40 .
2,5 ,
- 3 .
1950 -
Hx , ,
2004 ,
,
,
$50
$170 ,
). 2009-
, ,
, .
1987 ,
Kelvin .
, .
.

,
2001
Uebel und
, 6
Gefahrlich
XIX ,
1990
, .
1963
(<< ).
.
,
, ,
6,
. ,
lee.
20
23 ,
,2011
FORBES 49
22 ,
.

?
,
,
,
.
IKEA
D- ,
IPAD - .

, ,
,
2 .
$1000,
Shapeways.

.

,
indle
iPad -
. ,
-.
. .
. 3D-
. ,
99% .
50 FORBES . 2011
iPod
. ,

114
39
. .
oooJa
-ypr
-fl
f>ea,j cyn
930
io F1.ight
SFANI {~
924
2350
1330'
,r,
2220
- : - noeen nan: Obl(Q f,f:) 5 cer.
(7-495) 725-2727
e-mail: mowsm@koreanair.com
: , ,
.
-
EJ1
...
-
...
. ,
, -
, -
? .
[] -
? .
5 15.
- -
. -
, -
? .
, -
... -
Skype

14 17 ... -
: ,
AJ1
. .
, -
, .
,,.
. -
m,
, -
General Electric,
20% 15
20% -
...
, -
, ,
, - -
, -
. -
, -
. ,
52 FORBES
,2011
5 , -
Stribling & Associates,
$100
-loomberg
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
1990- -
. ,
-,
-
.
,
, -
2011
1997
60%
42
3
13
. 1997
. 2011
: -
Loewe .
www.loewe-ru.com
reddot design award
LOEWE.
DR
HOUSE
(), .

, 1990-

.
,

1990- -
,2011
FORBES SS
rans
World Group
$3 .
2007
...

. ,
$3 ,
Pettman Smith Child &

Child. - 8 ,
, ,
2008
18 ,
2004 ,
2008
2011
2009
- ,
40% .
. -
13,3 ,
: .
-. ,
9,6
2003 .
8 (
. ,
6,4 ).
. ,
16
E4,S
2010
$270 .
$270
yr
),
. , ,
1,06 ,
2006
200S-M
Jerusalem Post.
, -
Forbes .
-
Draycott House. 2006 -
E10,S
2012
~~p~AO~~:t~~gl0 ~

~~
56 FORBES
2011
,
.

,
,
123 ,
$5 .
.

Te
2008- 2009

. , ,
60 000 .
10%, -
.

.

- .
(50 000 . )
, - ,
. -
(105 000 . )
(111 000 . )
. ,
70 .
- .

,
,
2010
- -
58 FORBES . 2011
Praedium ONCOR Itrtil.
~~
FOLLOW
YOUR
CONVICTIONS
* .
.
,

,
.
, Maurice Lacroix,
, , ,
www.Mauricelacroix.com
Masterpiece Squelette
MAURICE 11\ LACROIX

Manufacture Horlogere Suisse
LPI RUS
www.lpirus.ru

- . ?
(NQ 5 NQ 99
2011 ),
, -
Group. -
,
),
$1,5
, ,
$25
, .
2009
VIGLE
Forbes
, .
AIKOS
- .
- ,
>
vigle.ru

2009
2010
.
-
Aikos, .
, .
43%,
2011
2007
.
.
Reweet m
27,27%
Front Page Holdings B.V.,

- .
53 ,
TNS Web Index., ,
f.P.Morgan, 2013
SYNCOPATE
250 .
(Groupon . .),
DESTINY DEVELOPMENT

, ,
iech
Capital
. - ,
,
2008
Systems,
2011
, -
Syncopate - -
War Inc. Rage of
Titans. ,
25% Syncopate
$10 .
-
Progrestar,
, 2011
Innova
( )
60 FORBES
2010
,
.
Syncopate
yn
2011
AR Films
2010
Te
Destiny
bl , ,
Le 5hangri-La. 11. Bd Albert ler. 98000. Monaco. tel +377 9798 5789
www.nakhlmov.com
2.0
- 1,5 .

, , ,
11.
1995 . ,
,

.
2000
,
,
:
,
2011 FORBES 63
2000-
2006
8500 ,
1%,-
,
. , ,
- .

75% .
- 1
.
,
, -
. ,
, . ,
, ,
? .
500-1000 .
4000 .
. (
200
20 .
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
8500
, ,
.
15
-
- 4 .
20-25

.
-
1923
1841
.
: ,
FORBES
. -
. 3D-
, ,
.)
3 ),
2009 ,
-
2009 .
3 ,
( ,
- :
<<
. ,
He ).
, .
, -
2010 , -
64 FORBES
, 2011
2011 -
2020.

CF 1001
m ar Carl F. Bucherer.
r
ne .
eocnr
.-"}
(\.~
"EvoIu1i echlogy" , 88

.
,
Patravi Evo DayDate.
CARL F. BUCHERER
.
/lt0C0l: CI.IOII "CASSJ.R)RE'. "(;3". oIbI; Ajia. 3i'J. tII.: 14951 9D-71.1, epeilAm1. . 1612.3 .. (4311 !l37~94. "S\J1!1.11 ". mI ",iICII3l ., 3.1U.149519SS-i8gg..lO-! "\t~DOJlor.I!o!4""~ i -. 8.1U.149.\1 62~720
n.", lllllUl i5. (~951 937813~ C1J011"Con JlSI', !n. I1o .. 28 1. lf2. 1u 14951 &
5D-7S-37. e&TeptyJl(: 'Slallls', l!T Iii , 27. (81Z! 3272500. C3!OII "Sta'oIII', 1bl1Di ,.. J 60. I. (121 2323978
LPI RUS; WN.lpirus.u
Ili
.
, :
,
, .
,

-,
.
,
1990-.

1989 .
.
, ,
, ,
.
1993
500 .
<< .

.
, , ,
,
2000-

, , ,
.

,
.
FORBES
, 2011
. ,
,
- .

2000 ,
.
.
.
, , -
,
.
,
,
.
.

,
, ,
, ,
.

-
.
.

,
,
.
,
H .
,
,
, .
()

4000
,2011
FORBES 67
.6ftt,-
.......:,..
, > .
200 ,
2002
Cisa
, ).
. ,
2007 . , -
. - ,
Rex
300 (
500 3000 ).
,

.
c,
, .
Cisa
3
. ,
60%)
20%
,
, ,
2009
704 ,
1,2 .
800 -
Cisa
200
200 000
, ,
50%
Mul--Lock.
2005
Cisa
15 000 30 000
,
.
100
, .
. , ,
20 000
5%
. -
Cisa
,
,
68 FORBES
100%
, 2011

cTo .
,

.
: .
,
,
Autogyro
,
,
100 ,
- 10,5
- 180 j.
-
20-50
,
,
.
.
2,5
7 .

16 000.
, .
( )
,2011
FORBES 71
LENOVO
1) ,
, -
Lenovo
- - -

, ,
Lenovo,
(, ).
: ,
. ,
Lenovo -
HewlettPackard, Nvidia Apple Computers.

, . - Lenovo
Lenovo
, ,
,
, .
Lenovo
2005
$1,25
ThinkPad
,
,
IM.
Lenovo
, .
Dell.
Lenovo
IDC,
2011 Lenovo
2% 12,2%,
72 FORBES
, 2011
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
2008
3 -

-
NOVEC 1230 -
. :
3
3 .
1
, -
. 3
2 :
, ,
. .,

. ,
R-
,
PR -
4 -
Novec
3 -
15%
, ,
Facebook -
iTech Capital:
.
, ,
80, Alrbus 4-500 Boelng 777200L, 811( ..or oelng 777 .. 8l'8 .
' 88 8 Skytrax. .. - 2011 Alr s!1 WorId.
Kotanyi
Kamis,

, .
- .
2010-
20-30%
280 .
Kamis
3%, 475
( -
),
Kamis
40%
,2011
FORBES 73
1998
Ahmad
Cikoria.
$100 000

, .
8IiIiI _______-'"".;;."-.;.;"'"'"-,"";.;..",""
Ahmad. .
81ffi]
, (
KOTANYI) - - -
..
( AMI S,
8ffiIi]
2005
GALEO)
..
(<< .. )
).
8!] -8I----:-==.
lEiIi1
.;]
,
, ,
2007
50% , 10%.
2008
2009
2010

, ,
: ,
2-3
,
.
2009 (
, - )
. ?
Cikoria

-1 --,
Hoe .
Magic tree.
Kamis Kotanyi
,
:
1998 ,
-
100 ,
200
+ --,
, , ,
. -
HapHe .
2010
90%

~,d
74 FORBES
, 2011
e.

. ,
,
.

,
.
WIGA
43
,
Homeplus
2010
QR-,
Homeplus -
Miel Pops (
Kellogg).

Homeplus.
2010
Leo
Moscow

utt
2008
TESCO

Dis.
283
70 000
QR-
-.
2011
76%,
130%.
Homeplus
Cheil
-. -
Homeplus
2009-2010 ,
1%
, 45 .
,
,
2008
Worldwide,
. -
, -
76 FORBES
, 2011
Kellogg
20%

. 3
Miel Pops
20%,
- 40%.
? ?
, .
. .
. , .
: .

.

. .
2011
52-
$27,5.
Ferrate reatment Technologies

- .

100
. ,
.
:
.
.
,
$14
( ),
-
$500 000,
.
,
.

,
. -

78 FORBES . 2011
14000 .
. -
HTCEV03D
,"',\1"1
IAfifr~~ : - Sr.:.
'1.1'\\\'
...
EVO
3D -
.
2 ,

.
~
~
QI
htc.com
~kiet~ ~,.i(114"t
, ,
Ferrator $750 000

40
Lux Research, 2020

$1 .
. ,
Ferrate
2009
Ferrator
12
, ,
reatment
Forbes.
Ferrator
Winamax
Corporation,
Ferrator
Byee - (
),
6000 .
( ) .
. ,
, (
Aid,
, ,
11
2001
$20 .
Green Planet
Ferrate $5
Ferrator
Ferrate
Green Planet,
1500 ),
),
Ferrator
, ;
, , -
- ~
14 000
~~
80 FORBES
, 2011

, .
.

.
c-v-::>
III
~
)
WWW.BELOEZOLOO.RU

, NOlA
BLACKBERRY
.
.
NOIA RESEARCH-
in-Motion (RIM) II
2011
icrsft
iPhone -
10
ExxonMobil.
Samsung,
Android Google
bada.
RIM
2010
, ,
2010
QNX,
, -
Nokia
MeeGo,
RIM
N9
BlackBerry - BlackBerry 7.
iPhone.
2011
Apple
Nokia
2011
Windows Phone 7.
, ,

BLACKBERRY
TORCH 9850

( 3,7
)
-

BlackBery.
BlackBery l,

7,

,
,

(5-
,
32 ,
GPS-MO-
NOlA
N9
( 3,9 ),
. -
(swipe),
. :
,
. , Nokia
MeeGo,
N9
16 - 24 000 ., 64 - 26 000 .
82 FORBES
, 2011
6,8
3G-)

ih
4,
----------:;;:
I
I
I
=-)
C::r:==J
:::>
::>
:-------:;;:
I
=)
=-)
---:>
.,
,
,
.
, ,
,
,
. ,
, ,
, ,
.
catch&release -
. ,
, ,
. ,
, .
45
9 .
, .
, ,
, -
84 FORBES
, 2011
10 . ,
) .
, .
, .
, , ,
, ,
, .
, .
, .
, ,
: ,
, ,
- 1O 000-15 000. ,
, ,
, -
( ),
, ,
. ,
))
, ,
. -
, .
- :
, .
- ,
).
. ,
, .
,
.
: ,
.
, ,
~
cr15 000
~d
: ,
: ,
,
,2011
FORBES 8S
FORBES STYLE

. ,
, ,
. ,
. ,
eHKa )
, ,
.
, ,
32
300 100 .
, - -
, .
, .
, ,
. , ,
( , ,
2010
5600 .
, ,
). ,
7200
, ,
, .
))
. , ,
. ,
, ,
, , .
. ,
10-15
),
-.
, -
300
. ,
, ,
, ~
~,d
86 FORBES
, 2011
12
,
,
46
-
:
, ,
. .
~~,~
,---/~Asia
www.tourismmalaysia.gov.my
WWN.tourism malaysia .ru
FORBES STYLE

.
,

. ,

.
,

1855
. ,
m m.
1,3
1988
Philippe de Rothschild S.A.
ro
. 78-
, --
.
,
Chateau
Mouton Rothschild,
...
. ,

Almaviva
Opus
. ,
Hoea' ).
Mercedes.
( Porsche
, .
Ferrari), (
Rolls-Royce),
, ,
, .
. Chateau Mouton
Rothschild: ,
,
( ,
-,
).
Chateau d'Armailhac, Chateau Clerc

Petit Mouton,
SLK
Chateau
Mouton Rothschild .
188 .
88 FORBES
, 2011
Mouton Cadet.
20
2,5 .
()
FORBES.RUlSERDYUK
, --,
...
,.
...
FORBES STYLE
,
.
,
, ,
,
. , ,

, ,

<< -
, ,
, -
Slon.ru

,
,
, , , ,
, .
, , ,
, ,
, , -
, ,
. ,
. ,
. -
- .
, ,
- ,
, .
: ,
. ,
- .
, -
,
-
- ,
,
-
,
-
))
~,d
90 FORBES
2011
,
,
,
,
. -
:
4)
FORBES.RUlZIMIN
, ,
lla .

.

, .
-,
.
...
000
115054
+7 (495) 648 20 00
2/2
,* UBS
www. ubs. com/russia
. UBS, (UBS AG)

, , 000 , , .
, . / .
UBS 20 11 .
FORBES
r bes
.
.

.
,
,

.
: ,
: , , ,
2011 FORBES 93
?
:
, ,
,
& Poor's
Standard
( ).
2008
,
S&P
PIMCO,
2% ,
6%

,
().
$12276
,
. ,
( ,
, , ),
20%, $5900.
2010
$34 000),
-
1,2% ( $46 700).
2008
94 FORBES
,20 1 1
2,3%
80% 103% .

, .
S&P
eMK
33,5% .
/
:
,
~ __________________________~
~O_
X~
O~H_
O_
CT_
b,__
%
,
. -
(CDS,
2007 , 292 , - 170, , ,

- 175 , Citigroup - 133 .
10- Bank of America
5,7% , Shell
2020 - 2,9%.
12
,
? ,
: ,
.
(. ),
PIMCO,
8%
6,5% ( : 5,5%
6,5% ).
2008
/ ,
: 10 - -
( 2,25%, 2,33%),
,
.
(USDX) 74,6 5
74,9 8 .

.
,
70,7% 61%,
. : 10 -
3,96% , - 6%, - 8,27%,

- 12,2%.
- 15,54%,
- 10,39%.
5,02% .
, 2008
.
.
:

15%

nu

/ ,
96 FORBES
,2011
iln ,iln
, ['
, ,

.
:
2001
' ,
Sachs,
Goldman
- .
(, , , ),
; ,
. ,
10- ',
- ,
2010-
Goldman
Sachs Asset Management, .

Forbes
, .
, ,
.
.
2001-
2007
, ?
, .
. ,
98 FORBES
,2011
$140
Goldman Sachs,
Brent $120
'
2001
, ,
, , .
,
$120
, .
,
.

.
. ,
,
-
,

, ,
, ?

- 140 ,
. ,
.
. 140 -

.
,
. -
,
.
, ?
.
,
. -
,
.
, .
,
.
.
, ,
.
,
.
, ,
.
2011 FORBES 99
, ,
. ,
: -
, .
, .
, .
. ,

?
$31
, .
$30 000
, .
, ,
.
,
. ,
20
. -
4 %.
. ,
10 .
3- 4%
, ?

3-4%
10
100 FORBES
,2011
::r:
DJ
]:J
lD
:::r
~
t
J:
lD
:::r
:::r
D'"
-:S:(
DJ
":s:m
~
F\bti
No1149
J1dl-i:.l
FSA.
cyn< I(d ponro . PeJ1aMa.
- .
. ,
SDR.
. ,
2001
. , ,
10 ?
: , ,
? - .
G-7
G-20,
- ,
, ,
. ,
, .
13
. ?
. ,
, ,
.
,
.
, ,
, .
( ),
, , -
102 FORBES
,2011
?
:
CIlIA
CIlIA),
, ,
CIlIA
, .
, ,
. , . ,
,
-
. ,
-

.
104 FORBES
,2011
1,44 2011-2012
1994 .

I
$
$/
2012
$/
2011
----------------------------------------------------------------
HSBC BANK
1,44
30,8
44,4
1,44
30,8
44,4
1,4
1,44
29
27,8
1,43
1,43
28
27,7
40
39,S
1,4
1,45
1,45
1,25
29
27,2
27,3
30,43
40,S
40
40,6
40
39,6
38,03
29
26,S
28,7
27,63
37,7
39
38,7
38,13
1,36
1,45
1,4
28,S
27,S
28,71
38,8
39,9
40,19
1,3
1,5
1,35
1,38
1,44
27,8
27,S
28,46
39,9
39,9
39,27
1,40
28,62
40,20
28,21
39,65
1,45
1,38
1,41
$10
.
eTc'

.
.

.
,
8-9%
. ,
, ,
.

.
2011
, ,
.

. ,
. .
, , .
-
2012 .
5%

. ,
(
2011
$10
2010
6%.
. -
- .

?
.
. , ,
. ,
.
.
,
106 FORBES
,2011
-
HSBC
$1750 .

? .
. ,
icrsft
Skype -
$8,5 .
IPO
LinkedIn
$700
, ,
, . -
1%
2711
, .
. ,
, .
1971
$1750
- ,
. ,
$800 .
60 .
200%, $2,5 .
1971-
$23 . 2011-
$1,6 , 40 - 7000%.
,
( )
.
$115
. ,
1971
6%.
2,94%.
1971
:
108 FORBES
1980
1990
AlCANTARA ASSET MANAGEMENT
,2011
2000
2011
40 ?

. ,
11
$1750
$60 000
$1750
, ,
, , ,
, ,
1980 ,
$2500 .
8
1900 .
10
, .
? ,
, ,
. .
. (
170 000 .
18% , 30 000 . 2008-
$60 .
-
Alcantara Asset Management
.!{ .
.
,

. .
420066, .
, . ~ .
(843) 2- 303- 303

8- 800- 2005- 303 ( )
www.akbars.ru
;
~ ;

.
:

.
:
2,25
).
, (.
).
44,9%, S&P 500 -
0,24 (
3,3%.
, , ,
, :
. .
(ICO)
2-2,5%
58,5 60 . 2010
21% ,
1990 .
. .
.
,
US
110 FORBES
Coffee Sud Total Return S&P 500 -
,2011
1970
ICO,
, ,
.
2008
15%.
- lmm
________________________________________________
S&P 500
MQNTHlY ,ND,CAORAND FUTURES PR,CES

, BRENT
m.

,
. ,

. ,
'00
:
'01
'02
'03
'04
'05
'
'07
'08
'09
'10 i '11
(), ,
2012
BlOOMBERG
.

, -
. ,
.
?
- .
. 1970-
Nestle
,
.
20 , .

Starbucks Nestle.
Starbucks 35%.
.
, - ,
.
,
2004 .
.
.
, ,
-
D.R. Wakefield & . Ltd,
2009
Milds,
Colombian
$0,8 ,
$3 ( ). -
,
, ,
.
.
,
2008
JP Morgan ,
-
.
$6
1 , 1990- 2000 1 $1,9.
1977 ,
, .
- .
Stright Times, 85%
Bien -
Vinacafe
12
27,5%, 18,8%, / - 11,5.
10- 15. ()
, 2011
FORBE5 111

)}
bI.
FORBES.RU

, , ,
<<,
, .
, , -
. ,
, .
, ,
, .
Hx ,
2008
pyT .

$120 ,
2012
$135-140.
, $250 2010 - ,
$300 .
20%.
),
112 FORBES
,2011
15 - 20%.
,
.
1000 2011
190 , 130, - 113, - 32.
: ,
,
20%
: %
, % , 10%
5%
().
EJI
25%
' - 20%
' 700 .
1 000 .
42%
EJI
20%
'
- 15,5%
15 %
' -
15 %
' -
' $19
$ 2 5
34%
32%
3
15%
' 11 %
' 138 .
180 .
30%
n&
27
2011

.
20%
' 13 , 3 .
18 .
35%
' $12,7
$17
'
( )
25% ( , 50%)
, .
.

9%
1 0%
' 15%
' $1 , 9
$ 2
18%

.
, ,
. -

. ,
, ,
5%.
. .
. :
.

.
.

10%.
.
.

, .
, ,
. ,
, ,
. :
, .
, 2011
FORBE5 113
. -
BaT
, ,
, .
, ,
, .
,
.
S&P
6%, FTSE 100 - 9%.

MSCI 14%.
10%
, .
1996
151 %, 1999 -
70%, 2007- - 23%.
246%,
2003 -
2011-
20-30%, -
2400.
. -,
/
(
2011
5.
, ,
2011
. ,
, .
, -
- 17%
- 70%.
35%.
15%.
. , -
, -

>.

.
114 FORBES
,2011
2014
: ,
, .
10
+ 7 (495) 926-48-65
www.gorkygorod.ru
(, .
- Forbes). 30 ,
, > 14 , > -
.
. >
20%
" 19, /
5/
" - , 3/
5/
" 1 ,80/0
5 /
" 3,9 0/0
1%
44 /
34 %
29%
" $7,34
$11 ,8
" $25
$3
" $ 7,9
$1 ,
" $1 3,
$1 7,
" $ 7,7
$85
5/
" 39,1 %
" $1588
$1800
5/
" 12,3 /
5 /
" 380/0
13%
43 %
10%
" 8 /
2%
66
10%
" 18,80/0
5/
"
23%
2%
" $3,74
$4,
5 /
"
$8,7
$1 , 7
14,3 /
23%
EVRAZGROUP
" $34
$43
19,3 /
URANIUMONE
" $0,014
$0,02
-4
5/
" 13,70/0
" $0,099
$0,18
5/
" 32%
82%
5/
" 41 ,4 /
5/
" 10,20/0
18%
41 %
" $19, 5
$23
" $3,3
$5,39
RETAIL GROUP
" $42
$59, 1
" $4, 17
$5,5
18,7 /
~~~JJ~~~~~i~
20%,
100%.
.
,
.
2018 .
116 FORBES
,2011
.
:
2008- 2009
.
,
VS
35%,
, 2008-,
2010
,
? -

/.
. .
EI
YnOHA,
'
-7
2014
--1
------------------------------------------------------
-
-
2008
: , ,
118 FORBES
,2011
2009
2017N
2014
2016
2015
2017
8,
8,25
8,50
8,86
7,88
6,85
2014
11,50
10,25
2014
11,00
10,40
'
05.08.2011.
: , ,
. ,

-5%
Tele2,
100 3.
100% 101 % .
, , ,
, ;
, , ,
5%
2008-2009
, ,
4. , ,
100%
, .
1.
150-250
5.
. ,
) ,
2017 2021
4,7% 5,8%
2. .
,
-
Forbes

8 800 200-30-10
( )
www.axelspringer.ru/distribution
2,25 - 3% - .
-

PRi Va
QUi
,
VLG RiVeR ,
.
:
$180 .
2006
2008
2008
Volga River .
2008
15%
Lehman Brothers
$20 .
33%
$200 ,
Genser,
. .
,
, , ,
Forbes.
, .

: ,
. ,
Genser,
Genser?
- ,
120 FORBES
,2011
Sprandi.
40 ,
$1,5 . -

Private Banking
.
&
+7 (495) 783-83-03; www.unicreditbank.ru
UniCredit
Private Banking
PRIVATE EQUITY
$250 ,
Genser
Solway Investment.
15%
,
.
Genser
IPO (
$900 . - Forbes),
Sprandi?
2007
49% . 2009 .
. .
.
.
. .
. - .
?
, .
. , -
, .
Nike
1%
, , ,
. ,
. .
2%,
5%
$20 ,
. .
$1
$4,6 .
, .
, ,
-, ,
. ,
.
, , ,
- .
(500 000 )
. -
, , .
122 FORBES
,2011
a--....~....
0%
- .
EcoStruxure
I- .
011
M~I
l1
dX
Schneider Electric
EcoStruxure
~ . ,
, - ,
30% -
EcoStruxure
11t
,
P<J l IPad l
-

r .I

8 10 800 25954011 ( )
PRIVATE EQUITY
, ,

0,02% .
. ,
$400- 450
$500-550,
.
%
0.34
0,32
0,30
$30
0,15
0,13

. .
0,11
- (
) . .
30%
. , .
, .
0,01
$135
$50
. ,
$1100-3000 .
EV/EBIDA 30-35.
,

. ,

5-6.
Facebook ?
2009 .
. , ,
, ,
, .
IT
, , .
. ,
, . ,
, . ,
10%
. , ,

- $250 .
. -
.
?
. -
-, .
- , .
?
,
EV/EBIDA
11 - 12.
, .
- ,
,
,
Orange Fitness -
. ,
124 FORBES
,2011
. ,
0%
.
wn w
pocr en
r xure
< , -.
, Clol
Schneider Electic
EcoStruxure
cree , .
- , - .
r "1 1\
ro
~""~oI~"
~~ 881f11~."
EcoSlruxure 30%
wn ropen
wnro
30% - ,
ocr cwa EcoStuxure
rerpiIUI iI ~
~ fieanaaiocno ~
1(
r!
,
81 I '
8ej4e
nop,epJk Il8tf
8 10 800 25954011138 no ~
.cpou
" _".
... . . . .
lIOJ8OIUI8 <8n'
p:IIoIlII ~
nePC:OIW18 ~
flXOOc~_>II!I
.. ~OIIO,peCiI .... "e
10
, ,
,

. .

.
: ,
,
.
. ,
10:00 19:00 .
,
, .
:
,
, .
, .
(,
), ,
. ,
, , -
1990-,
.
2008 2011-
12,5 .
2010 ,
. ?
. , -
,
,
, -
. ,
, .
. ,
, . ,
ae .
. ,
, ,
, .

.

126 FORBES
,2011
2-4%
-
, .
IX
30%
30%
re
, ,
n .
8 -

30%
EcoStruxure
oc;yecrmm. lCOI.tI1I1eI<Qf ~
Schneider Electric
.
-
30% -
..J
"
onrpe 03IIOI1IO
~1 I
1l3~ npoecca
WiI<IIIII npocro. :
poolentOC!O l>C
prooemmocn.
erpa
EcoStruxure.
eiC)'pt
ccre e3onaotocnI tpI'OCII~,

08
8~
pracnpeene
3lCpo3IIepnt ,
npot\'8CIIIQ eonac:oc. I
IIOI1
~ enQ Il
npeAIIlWo
038O/II1
pacxOIoI
ocrly!lc
nepc:oana , .
.. ~n"
CI
Apple IPad'
~'
ep
0800 25954011 ( l
ecmc.
20 I I SdV'teICIer EJec:uIc. . Topro Schnelder

ECOS UtII AclJV8 Enetgy nagamen\
All:\UI 110m POWEt PIan\ \0 Plug pl1III\II no" Sohneider EIeCInC IndUSlt1ee ss
\' ,..
~ OIIptObI8 pl1ne8 8 en
. 35 rue Joseph on>er.
23, 95506 RU8II
cs
cedex (Franoe) 998-2760_RU

opaI ~ npa8tIX .
aImaISOn
IC
II

/F r Bes.
: ,
*
Cefir.
org Forbes.ru).
>
1 5
8,2%,
40%
, 12 157
25 %. :
2008
( .
, ,
( C/N)
-,
, ,
. ,
. ,

30 2011
30
?
,

Forbes
. ,
,

, .
. ,
, ,
MaHo
* 128 FORBES
,2011
- - - ,
. 2011 9- ,
(103,8% ) . :
12 7,5%, 3,1%.

,

------------------------------------
'

,
%**
%'"
....
__ ~~C~ _________ ~ ___ _
' .06.201 1 , " -
.... ,,
10.08.201 1, '''
.06.2008 .06.20 11 ,
( ) , , ( )
,2011
FORBE5 129
'

,
% **
Cn
%'"
____ !~c..~
....
_______ _
___ _
.!
' .06.201 1 , " -
....
10.08.2011, " '
.06.2008 .06.20 11 ,
, ( ) , ( )
------------------------------------
'
75% -

,
% ( **
%' "
' .06.201 1 , " -
....
, ( ) , ( )
130 FORBES
,2011
10.08.2011, , ..
.06.2008 .06.20 11 ,
____ !~c..~
....
____ J __ __ !_
~
RA
R!
ANA
J '
)1I Il 11 ~0C11
f 1l1l 170
Ef:pOl1e
J11/tflll llll 1011l 1l mu1l
f
J
HJ
''''1 mm
'
" ,
1I Ce,,1blJ
II omUl'lxa
illxcmarl
PYC!I.
'I11' \blfllltt
1 l1 ' 7l1l
.n
, .
'mmlll:
71 67027777,
ur.lk. 11
TKB.;I/(o
lII. KlIIllnu
'
-
-

,
% **
-f-::=:-t--
132 FORBES
,2011
____ J __~ _J_
' .06.2011, " ,, ( ) ,, ( )
_ _ _ !~<:.~
....
....
%'"
10.08.2011 , '''
D
.06.2008 .06.20 11 ,
D
D
UDP
snu
nu
. " "
+38044 22 000 22
www.Novolipki.com
-.,.fil.N!S7781._~SW-pu8OI.~~
~III_
pa6ar
~
ta(yIIC'I_~oonpo.tQPQtt!.r2.4.(blOl1t.
~iQO~W_IOfIPIWI'IQPCIAI!-.crrI7.06.2010t.IW3
'

,
% **
' . 06 . 201 1, " -
....
%'"
10.08.2011, ''' . 06 . 28
....
---_!~<:.~- --- -- --~- j-
30.06.2011 ,
,, ( ) ,, ( )

, ,
: .
------------------------------------
'

,
% **
' .06.201 1, " -
....
,, ( ) , , ( 3 )
134 FORBES
,2011
10.08.2011,
"' .06.2008 .6.20 1 1,
2011
19 63
ecco-shoes. u

.
:
2011
, ,
, ,
25
Forus.
6000
. , ,
, ,
, .
Wasatch Emerging Markets Small Fund

$800 . 60% ,
, ,
136 FORBES
,2011
$3 ,
15%-
. :
20%
( ).

, Wasatch Emerging Markets 5mall
, . 116 23 .

MR PRICE GROUP,
HOLCIM INDONESIA,
'
-4,9%
5,5
2,2%
2,1
1,9
1,9
COLGATEPALMOLIVE INDIA LTD,
CLICKS GROUP.
INDIA.
6,7
-10.8
-1,8
10,8
1,8
37,S
1,4
-2,8
1,4
30,7
5,5
1,4
CHONG HONG HOLDINGS.
RESTOQUE COMERCIO
CONFECCOES
TEGMA GESTAO LOGISTICA.
'
2 2011
ROUPAS.
.. 1
2011
%"
HARUM ENERGY,
MAHINDRA & MAHINDRA FINANCIAL SERVICES.
1,5
1,4
: INTERAC lV E . WASACHfUNDS .COM .
2008 Wasatch
57%,
118%. 2010-
41%,
, ,
,
.
Colgate-Palmolive India,
,
.
.
,
, ,
.

, Egyptian Financial Group
Hermes Holding, Nationale Societe Generale nk
Paints & Chemicals Industries.

, ,
50 .
,
,
,
.
2010
, ,
Hering,
Gap.
, -
. -
, ,
, ,
Hering
2010-
Toyota Land Cruiser
Philex
. .

Hering 480%.
Wasatch Emerging Markets Small Fund
2007 . ,
Morningstar, 1%
. ,
40%,
,2011
FORBE5 137

.
:
150
,

50% -

100 .
60
2050
2 -
2007 .
.
.
,
, . -

,
,

30
-
Odier.
138 FORBES
,2011
Lombard
Mbl
DHL .

, ,
.
www.dhl.ru/simplifying
_~'"
. -=-~~ ~ ~-
, .
, , ,
( 60 ) 21%, ( 15 )15%. : - ,
5% , - 41 %.
~ ~~~~==========~~
( 15 )
1IIm ~~~~~~~~~~I~(~~~~~~~======================~
2008
57,7%. Global Demographic
Opportunities
Schroder International Selection Fund

( ),
26,4% -
18,4% -
, 15,8% -
, 13,7% -
. 2010
15%.
:
200 . : STATPLANE
,
(
-),

Golden Age, 80%
78
). 1990-2000- -
(75,4%
6% -
- Life
).
Technologies
),
Baxter International
(,

),
Brookdale Senior Living
).
10-12%
2009
30
-,

Wealth Equity Gilt Study Barclays

Capital.
2011 65
-. 20
22,4%
- 18,9%).
. .
Barclays Capital,
10
) ,
/ (
, ,
11.
2008
25. , ,
.
,
:
,
Demographic rends
Allianz Global Investors Fund. 43,2%

140 FORBES
,2011
xoBaH
AFIDEVELOPMENT
www.ozerkovskaya26.ru
(495)
796-99-87
). -
000-10 000.
, , ,
: ,
,
.
.
_ _
..
:-
"
'~
'\
..-
10
-5%
2008

RL
Group)
Das Vierte,
- ,
53%
, 1990-
1%.
e-commerce, -
- ,
, -
. ,
. ,
, ,
2010
Das Vierte .

. ,
.
$1
&
$100000
7%
2005
000 ()
leasehold: ,
50
142 FORBES
: -
,2011
$500 000
. ,
lO
,
143 w
_ 1t. an
, ro
n ro 3
.
, .
:
, ,

, :
. . ,
, ,
"
- .
, n . 3
. ,
"
,
, ,
- ,
2005
Berkshire Hathaway,
. -,
'
.. , ...
"': ' ~
, .
~.
- - HYJI
(Quantum Group),
1969
' ,
, li
, .
- ,
, ry .
. , ,
. ~Aoc ,
3000%
Corporation,
)(,
- Centaurus
Advisors,
ry
.
5 . 2007 34-
:
. )(,
1992
317-
400 .
212
, r
, JGI
cn , ,
. :
2005 ,
, , , . ,
F1Jrbes. 2008
21-,
47
06 .

- nepa
. .

G .
- 1000 -
. ,
Enron
200
, I! 3l ,
06I!1
I!bIMa . O!f'OIIetlbeen6
8 ocr
$1
nH, oetmIlIOII8II
ycnyn OCnOn8anll on 7000 nI!. nOJlleo

lI eti: on nOnOBIIbl II,
IJ1OJIb3YIOIIX , ceiiac
lO so% roox.
~TO
, ,
, n ,
, , 2002
- .
ecn .
l"
1 6
(495) 232-33-65, 8-800-200-33-65
invest.akmos.ru
2008r . .Crp
,107174,r,"
.. OOIJS
..
Ll
,
. , ,
3"
-. ,
, ,
, ,
3-5%
$1
, -
- , .
- 15% .
2010 ,
Chateau d'Avize
, ,
. ?
1 60
000
25%
10 ,
500000
(, ,
Grand Cru).
Notsobig, -
. ?

60% -
$800 000
15-20%
.
, ,
IT-
, , ,
TM
hPECTAPEJlblX

1500 . -
12).
3 ,
6%
UFG Wealth Managment,
, .
, ,
. ,
30% ,
Quadro Capital
Partners
144 FORBES
,2011
Fleming Family & Partners
, :
,
, , .
IfMOaAbH .. (QAO)

, ...., .. ~\t .... f
."w-
.. ,
U~\utI . .
000 IPacnxrrpaxt
~.
""'"
2009
,
.
,

,
:
20
2005 .
,
.
,

:

. ,

,
,
.

74

146 FORBES
,2011
,2011
FORBE5 147
28
24
2011-
150000

832
4,5
. ,
2005
, .
?
,
$1
>
1967
. 1984-
. , ,

, .
Procter & Gamble
Caterpillar.
()
>.
1995
:
.
,

.
,
.
-
148 FORBES
,2011
Forbes -

1990-
, ,
: 1990-
1995
, ,
- ,
19
,
,

1992 .
1997
2001
$170 :
2010
.635
. ,
25%)
.167
.377
()
,
.
,

,
.99
( )
1996

:
- , 1997-

-,
.61
(
)
1998

. -
1998
.
: . CnAPK
1998
Forbes
17
),
. ,
, .
?
-
, 2011
FORBE5 149
2000-
, ,
. ,
1999 ,
50%
? (
25% ,
100%
Forbes, ,
2000-
.)
) ,
2001 -
12
$460 .
, ,
.
, ,

,
. ,
, ,
2003
. ,
. ,
- $1,43
1999
$100 . ?
, ,
:
000
Forbes,
2003
220
108 )
. ,
, ,
<).
2000 , 10 US
$2 .
30%
74
-
The Russian Energy
108
1994 .
Weekly .
,
2010
000
2003
. ,
).
2003
000 -
). , ,
- (
50%
50%
000 -,
150 FORBES
,2011
1999 .
-
2000-
2004
13
430
2010
71,2
5,8
. 79
143 (
). 2010- 6,5 .
, . . .

000 , - 000
(
). 000
2010- 4,1 , -1,6 ( - 39%).
000
>
2,3
2010
- 44%).
5 ,
- . .
60 ),
$300 .
000
000
>.
2007
2008-
60
pcKoo
: ,
( <<-).
, .
, ,
MocT
1997 .
. ,
) .
2005 -
2007
Forbes
50%
2010
Forbes
.
,
aHoM -
, , ,
000
- >
? ,
1990-,
, ,
, .
4 . -
,2011
FORBE5 151
$1,95
100% 000
(,
100% Kadina (
$2,5 ).
).
Forbes
$2,153 .
$1
20
2008
$500 ,
-
, ,
-2
.,
(514 )
15 ,
2011
, ,
, ,
2005
.
,
, ,
. ,
2008 20%
Kadina (
-
),
2010
Kadina, yn
152 FORBES
,2011
Forbes
2007
,
,
.
, , -
2006
2007
,
.

GS-
11
, ,
( ).
? WiMAX
,
GSM
. ,
, , , , .
, ,
2009
WiMAX
, ,

$80 .

, .

oMHc

2010 $30 , 160000 .
2005 ,
- . 2006
. ,
3,
, .
- -
. ,
, .
, 3 -
, .
- . .

,
,
Snoras
).
,
,
>"

Forbes
28
, ,
- .
2012
, ,
, .
. ,
() .
2012 ,
. -
, -
Hx .
, 2011
()
FORBE5 153
36,6
, yn
He .
36,6
1000 ,
20%
2007
).
36,6 -
,-
Forbes
, , .
- ,
: ,
, ,
1998 -
36,6 17
. .. yn
, .
36,6
1991 ,
-
36,6
2005 - 2007
800
yn
().
),
40%
36,6).
Capital Corporation.
1997
2003 36,6
300
-
2007
21,6
7,2
36,6
,

,
60
36,6.
Capital
: i

36,6 .

?
:
154 FORBES
,2011
36,6
Boots.
-
1500 , -
Group
36,6
DSM
Boots
36,6.
2010 36,6
.
18,6%,
432,6 ,
,
9,3 .
, ,
36,6.
36,6
50
36,6.
, -
36,6
21 %
36,6
Forbes, ,
36,6, -.
21 %
. ,
10
36,6
. ,
Forbes .
. ,
2008-,
, ,
2008
36,6
Capital Corporation.
2011 .
Hi Capital
2011
500
Capital Corporation
36,6
(NQ I02
2008- .
HM ).
36,6
50 ,
. 2009
2009-
2009
36,6.
36,6
1,9 .
36,6
2010
),
600 ).
36,6 740
. ,
.
36,6
36,6.
700
300
>
, ,
156 FORBES
,2011
Forbes)

, .
36,6
500
'04 '05
'
'07 '08 '09 '10
: , .'
1993
1994
1998
1999
2001
2003
2006
(N225
36,6
ICN
5 Retail Group
(-
5 -
Groupe
Multipharma
Forbes)
F
Export Diffusi
ICN
--
03
<<-
, -
. -
Richfield Asset
2011
: .
2002
03.
(-
8,5%
5.
5 -
gmt).
FQRBES
,
, .
2013
2012 . ,
1 (
).
),
Retail Group
Forbes:
36,6, Hi Capital

( ,
, 5
$400 .
15%
36,6?
Capital .
, ,
- ,
. ,
36,6
.
,
5 . , 5
. ,
Hi Capital
(241
2012
36,6
.
,
,
),
(),
. ,
?
,
14% ,
30%.
60% 23- 25%
36,6
. ,
,
20 ,
Capital. 8,5%
5 5 Retail Group -
- .
...
oTaeT.
,2011
FORBE5 157
50
2010 8,5
13 .
5 EITDA
$144
),
$1
- .
, .
-,
,>
, ,
-.
HeHHe'
, .
" ,
1990-
. ,
. .
). ,

. 1980-
. ,
, ,
, ,
1990-
12
31
, .

1990-

.
:
158 FORBES
,2011
,
.
-
Forbes
, ,
.
,
:
,
,
.
1987
> .
100 000
1987 .
.

,
,
o > ,
.
,
1992
- ,
,
.
, 2011
FORBE5 159
1990-. , ,
1990-
, ,
1990- . -
, -
-, -
, -
. , -
1998
. -
, -
. -
, ,
. -
. -
. -
30% ,
, , -
, ,
, -
18 , 1996
. , -
. -
. -
2000
$100 . ,
, -
$1
(300
100 ).
; -
( -
5 ).
.
, -
, -
--
, -
, -
. -
****
71,4%**
18%
$6,4
2011
- $ 25 .
Ei
u
u
~
"
;::
t-"
:I:
""t(
~
:;;
8,2%
'"
7,3%
LU
$700
;;;
~
g'
'"
~
""u~
:I:
'"""
t-"
:I:
""t(
:;;
2,9%
LUaXTa
. 3
7%
;;'"
:I:
"
:I:
~
~
"'"~
":;;
<:
~.
$750
g:
t-
2,3%
4,5%
1,9%
LUaxTa
'
3
97% .
G .
" ,
(
).

i!:
Ei
:I:
LUaXTa
500 000
160 FORBES
**
***
51% . 35%
: -
NQ 1,
1998
-
$15
, -
201 1 .
''' -
, ,
.
(48,1% ) ,, (1 %).
.. " 201 .
G: , UFC CAPITAL
"~
'"u'"
''""
~
:;;
'"
)(
'"
i!:""
iE
:;;
;::u
<=:
,,"
t:;
~
:I:
it""
t-
, ,
- $8
$4
-.
,
.

$7- 9
$38-39.
2,4

, ,
- .
- ,
. ,
. ,
. ,
$72
2003
49%
,,
. .
, ,
. ,
: .
: ?
2007
- .
32,3%
$55
$3,2
- 163 ,
- 393
),
49%
$400 000.
, .
, -
2009

3:

$12,7 ,
, 2011
FORBE5 161
BHo ,
) ,
BoK .
3 , 201-
8,5 . 10%
, 10%
80 ,
80%
$500
. ,
- .

.
,
,
,
.
.

2008- . [
<<
-?
2010
$800 . - Forbes],
$3 .

. ,
, - $45 .
$1,9
.
$300 000.
$85
1,5 . 2010
76%
, .
. ,
162 FORBES
,2011
$77 ,
:

.
$7,8
$100
-
.
.
? ,
. ,
, . ,
, .
, ... .
, ,
2007
$9,1
$9,9 . 2010
. !
$64,4 .

, .
, ,
--1 ,
97%.
100%.
. -
1992
, ,
, ,
20
, ,
$13,4
$5
, ,
. - ,
...
, -
. ,
. ,
() ,
Youube, .
, .. . -
,2011
FORBE5 163
164 FORBES
77/4
15% .
1600
2011
5000.
2 2005
, ,
22-
1992
()
( ) .
Forbes
2141,
, .
15
2011
, ,
1998
, ,
. -
. ,
. 1990-

1990-.
2010
519
637
, ,
- $7,2
1990-

, 1996-

poBK' .
23 1999 ,
, 2011
FORBE5
1S
$8 ,

. ,
1 2000 .
2002
10 .
2001

.
,
, ,
, .
2000
.
,

10
2006
15 ,
$500 ,
2008
, 41 -

22
, ,
m ,
11
2008 ,
. .
12
-,
, .
.
,

.
.
FORBES
,2011
. -

, -
54
- ,
$500 000 $400 000.
. ,
: .
Forbes)
, ,
TecTBa
, ,
.
,
. , ,
$7,2
. -
1997 ,
$538 .
300
2011
12%
General Atlantic,
10%,
50%. 1998
, 2001-

21

, .
.
$20
(-).
19
2008
- .

2000
InfoWatch,
2009
17-
. , ,
10
2009
- , 19- .
, .
2010
18- - ,
.
500 . ,
10 50
. 100 .
50 , , 2011

7,5
10
2011
Sinopec .
.
Shell
: , " .
38 -
, .

, -
, 2011
FORBE5 167
38
Forbes,
, .
S,
. ,
, ,
. ,
1990-
- .
. ,
3 SOO
1997
, ,
. ,
,
.
, ,
. ,
, , -
),
, .
T'
, ,
o -
4 ,
168 FORBES
,2011
, ,
, . -
1999
7 15
, .
, , .
) .
1990-,
, ,
2002
, ,
, ,
$250000.
, ,
. ,
. .
, ,
-30
2006
2005
- Forbes),
Forbes, -
- ,
, ,
, ,
, ,
: ,
, ,
$6 .
, .
$500 000,
TeHo
(.
(.
126 )
206 ) 8
20 . :
, ,
(.
127 ), - 4
8 . 127-
. ,
95%
. ,

.
,
- . 2000
1990 - .
()
, 2011
FORBE5 169
2.0
170 FORBES
,2011
-4
2008
2008 ,
20 ,

, ,
, .

2010 .
>
Enel, EON
Fortum.

2012 ,
o ,
, ,
,
,
2008

( . .
172).
[ .
- Forbes]
He ,
, ,
, -
, 2011
FORBE5 171
2.0
. :

,
,
.

2008
.
,
,
2011
============$~~~i.\
.- _
~~~=::;;2~===
2008
2009
2010
2011
40%.
,
,

,
.

. ,
~~=====:;;~=
' ----~~==-____
. ,

~ ==~~~====~~
--\- - - -4 (E.ON RUSSIA)

_ -\-_ _ (-)
-2 ( )
~ ~~~---r---
.rn ~==============
TecTBa
, ,
. -
Enel, E.ON Fortum
150 .
, :
: ,

172 FORBES
,2011
Forbes -
.
-2
? ,
He .
, .
- .
,

,
900 .
BecToHHe
>. ,
( ).
2007-
, ,
>
30
2017 .
. ,
2000- ,
2010
).
. 1990-
, .
>
2010
3000 (
), 1997 - 632 .
41
2017
3000 ,
25% ,
17%
27% ),
25%
, ,
.
>.
-.
35% ,
- 20%).
. ,

, 2011
FORBE5 173
2.0
(55%
),
, ,
1 2011
20%
).
HM ,
, ,
60%
. (
.
,
176.)
). ,
, .
. ,
: ,
()
( ).
29
27
2011
, .
( )
2020 .
-2020
. ,
, .
(-4)
,
-
174 FORBES
,2011
w:=~='
C&IIo=.::.LI;&I
WWW.AXELSP.RINGER.RU
Forbes
Pawa
40702810800102100907
q:tDf
" u (8D) ..
atfa
30101810300000000105
D~Cn
. . .
--------------------~: ~
~p~ --------------~
_______________~
,~__________________________~
. . .:
:II!
---------------------: i~
nv
..
Forbes
___
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _----:
____
___
_ _ _ _-;
_ _ _ _ _ _ _ _ _ _ _ _-----.;
/'--_ _ _ _ _ _ _ _ _ _ _-;
~aJOC:
II.
Forbes
407028100102100907
. CIo
.. U (8),.
6 _ Forbes 780 .
12 8 Forbes 1500 .
12
D1!CfJtS
7716236112
044525105 100
30101810300000000105
771601001
70099750 ( 100.
( : 8 8 8lilCl6yptyJ
nO'lOBblii (6J
'l 8J131( (6bOJ
80 II ii
. . .:
.:
8 800200-3010
(380I 6i))
l:
Forbes
8
e-mail:
(495) 980-52-54
diska@lsrigrl
3 .Acan.. ptn 8 HCCI I8C1IOCn

I1JO,XOIfIIIJt oppec:nO+IIH'lII .
..
. ~WII1WCO I _pW1ew Pf.IIIOI8lOA
I1IW1"ClI'P 30.09.2011
hWI AOItCU 6 ,.an
....IICJII... Jte8'If PI~~I ~T
. ~. ~. I!~Y. ~~.;J~.~':'!I. PP.~~~: .... _... .......... _... . __
2.0
. ,
),
TecTBaM ,
, ,
, . ,
: 1990-
, ,
30% -
. : [
, .
. -
,
-
Forbes
, ,

.
FORBES
. 1990-
2000- ,
,

.
,

:

:
.

.
,
.

.

, ,
: ,
176 FORBES
,2011
.
, .
Forbes: ,
E.ON
.
, ?
:
,

,
. ,
,
2011
35%

. ,
,
.
, .
,

.

. ,
FORBES, ,

, 2011
FORBE5 177
2.0
- .
, ,
: .
: ,
2004-2006
. ,
, ,
, ,
Forbes: , -
2006
- ?
: ,
: , .
. ,
. -
2006
YAJlbOB
60
2002-
3

2005 ,
,
3 .
. 2005
2008
2004-
2008 -
2011
201
-.
2008

1997- 1999
,
2008
E.ON
, -4.
, .
()
. ,
, .
.
,
Forbes: ,
, ,
, ,
2012
, -
178 FORBES
,2011
. , ,
...
Forbes],
Forbes:
: ,
eTc .
[ .
27%.
70%.
- ?
. :
. - ,
, .
: .
. ,
TepecHo :
. -
...
:

,
.

2002- 2007
Prosperity Capital gmt.

2002- 2003
1997
2007
2009
McKenna. 2011
CMS Cameron
. 2000-
, .
2008
. ,
,

.
,
,
,
Forbes: ,
Forbes:
()
(<<). -
. ,
, ?
E.ON,
, - .
, -
E.ON,
. , ,
, 2011
FORBE5 179
2.0
. ,
, .
5-7
6 .
: .
Forbes: r
,,
()

? rp
-.
. ,
, .
, .
2,1
1,9
Forbes:
: .
1,6 ,
>. , r
Forbes: r?
, .
: .
, ,
poBaH.
. ?
: .
60- 70%
100
. ,
, .
. ,

...
.

, .
180 FORBES
,2011
, ,
. -
&
()

1.0
, .
. :
. ,
: ,
, ,
. .
aHM .
HocT . ,
50-70%
,
,
: ,
: ,
? - ,
, .
(: ,
65 %.
2030 [
. - Forbes]
. ,

cT
2014 .

, -
2013-
. )
2011 FORBE5 181
, 26 -
, ,
.
,

, ,
Wall Street Journal,

International Herald
New York imes, Washington Post
ribune . ,

, ,

. ,
,
,
, ,, , , ,
. ,
Forbes
, : ,
, ,

. ,
.
,
182 FORBES
,2011
PDVSA
Petroleos de Venezuela. 2005
, ,

Petroleos de Venezuela
2002
PDVSA
11 000
-
,
,
$7 ,
PDVSA
40%
, ,
600
PDVSA
, -
PDVSA.
Mercal.
,
,
.
,
,
, ,
140
$190
) (
6 ) . 40-
,
,
,

14
13-
PDVSA
- . -
, 2011
FORBE5 183
, ,
50%. Mercal
Mercal
2
$100
- ,
24
$200 .
26
. ,
1998 ,
PDVSA,
2008
$12
$140.
, ,
$65,
$12
, ,
2002
$400 -
$2 ,
. ,
, ,
PDVSA
, ,
. ,
, ,
, , ,
3-4 .
,
50%,
, -
, ,
. 1980 -
2006 PDVSA
$10 ,
($5,9
).
,
.
, ,
184 FORBES
,2011
80%
1%
1966
, ,
, , ,
12 ,
, . ,
, ,
. ,
Shell.
-
-
...
80%
1% .
2 .
, ,
$98 ;
$16
1990-
. ,
, .
Shell
1960-
-,
1994 ,
, -
: , .
. ,
, ,
, ,
. , -
. ,
. ,
, ,
ToHo. ,
. , ,
ecTBoM
Shell.
$4
, 2011
FORBE5 185
).
30
-
- .
150
Shell),
Getty
1300
Petroleum
. ,
10- 24-
, ,
, .
...

- 2003
Kripsy Kreme
,
,
. ,

10- 24-
- ,
2003
26
, -
,
,
.

( ,
, -
) ,
,
, -
186 FORBES
,2011
cep~e
2011
Kreme,
- ,
Krispy
08
mrx n
Jl . .
u1f l,
rna Ba r
Dl
amm
PoclcetBook
'JC
> .
, ,
BbIpOCJIO -
aJl
XXI
1990-
11
. , ,

. .
10
30.
F- ( ,
), aI
cereax
F-
-Ik-,
=r
naJfil1e'fX
ocro
-lnk-
,
8peMe~""
.

, .
, ,
Pocketook* . , <rn
, ,
:,
40%.
nP"}lbl.
-,
aIOC
(
, nn
iPhone
-,
iPad).
, ,
( ,
. ,
<nt n8) . -,
150000 .
, .
. ,
.II: ea.l1l1tO
f I,
3G-,
Bluetooth
100
- ry m
cre:I}'
, -
. ,
. () DI
Pocketook
eIOi
npr
epeBeeR> g :r
1970-
Pocketook
903
. =
BpcJIaa
35%.
.)'(
.
* Smartarketit>g
FORBES

28
Forbes Rietumu
(-)
N~ 7 Forbes

Forbes
(Finstar) N!! 94
Forbes
()
RIETUMU
>,
. 1970-
- .
, , ,
, .
. ,
, ,
, ,
, .
, -
$19 .
,
,
: .
>.
, ,
. ,
$100
-,
- ,
1999-
, ,
15
2006
, .
, ,
. -
, 2011
FORBE5 189
,
:
),
lS0-
44
49 ,
. :

.
,
20
.
190 FORBES
,2011
8 (21*)
1906

19
(1 )
1906

9 (22)
1906
-
44-
, ,
, ,
1908-1910
-
.
.
1 (14) 1911
).
11
5 (18)
49-
- ,
. , ,
, .
, ,

, .
(, 1990- )
. . .
, ,
Bac' - ,

--
. ,
()
,
2011 FORBE5 191

.

.

.
.
-mu
< ... >
via
, , ,
- ,
. :
. :
. .
,
.
--
< ... >
,
.
192 FORBES
,2011
, .
, .
d
3&6
~
~
~ ,
~
~ .
~
-.11:9

Forbes 09.11

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Forbes 09.11

Uploaded by

Copyright:

Available Formats

:

ORBIS Flying Hospital

. OMEGA Hour Vision Blue

LIFE . BEAUTIFULLY ARRANGED . *

3, 1-7 495 995 92 98

l'AR, L'AMOUR, lA MODE

DAtI fOR GAtA

/11 /11/1' '/" 11 111" \ " \ ,\ \

BROOKDALE SENIOR LIVING 138

CHILD & CHILD 55

D.R. WAKEFIELD &

HI CAPITAL CORPORATION 154

LOMBARD ODIER 138

NATIONALE SOCIETE GENERALE BANK 136

QUADRO CAPITAL PARTNERS 142

PAINTS & CHEMICALS INDUSTRIES 136

FINANCIAL GROUP HERMES HOLDING

DSM GROUP 154

BARCLAYS CAPITAL 138

GLOBAL INVESTORS FUND 138

" . WWW.FORBES.RU (-),

FORBES, INC. PRESIDENT AND EDITOR-IN-CHIEF

Picvario I Russian Look

+7 495 980 52 59, +7495 980 52 54

129226 , , . , 16, . 1, 6- . +74959805252, : +74959805255 E-:

published in the US Edition of Forbes. rights reserved.ToproBbIe

2011 3 2011 Forbes, as to materials

799 900 '

Volvo. for life

'08 11 n/ '09 ' 11 n/ '10 11 n/ ' 11

Brookings Institution, American

100 think tanks,

$100 , $32 000 .

The Living Daylights

- : - noeen nan: Obl(Q f,f:) 5 cer.

Stribling & Associates,

reddot design award

Pettman Smith Child &

Draycott House. 2006 -

Praedium ONCOR Itrtil.

MAURICE 11\ LACROIX

Patravi Evo DayDate.

LPI RUS; WN.lpirus.u

HewlettPackard, Nvidia Apple Computers.

Ferrate reatment Technologies

Ferrator $750 000

Lux Research, 2020

Philippe de Rothschild S.A.

Chateau d'Armailhac, Chateau Clerc

. UBS, (UBS AG)

2007 , 292 , - 170, , ,

3,96% , - 6%, - 8,27%,

Sachs Asset Management, .

cyn< I(d ponro . PeJ1aMa.

AlCANTARA ASSET MANAGEMENT

(843) 2- 303- 303

44,9%, S&P 500 -

Coffee Sud Total Return S&P 500 -

MQNTHlY ,ND,CAORAND FUTURES PR,CES

Stright Times, 85%

6%, FTSE 100 - 9%.

+7 (495) 783-83-03; www.unicreditbank.ru

ocr cwa EcoStuxure

~~C~ _____ ~ _ _

__ J ~ _J_