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Petroliam Nasional (Petronas) has been wholly owned by the Government of Malaysia since its
incorporation in 1974. The company is active throughout the petroleum value chain including
shipping and hold interest in a number of unrelated activities such as the Twin Towers, real
estates project and Malaysia’s national automotive manufacturer.
Petronas ranks among the top 20 international oil companies, with daily production of more than
750,200 barrels of oil.
The company also holds 4.84 billion barrels of crude oil reserves and 2.5 trillion cubic meters of
natural gas reserves.
Petronas dominates Malaysia’s upstream and downstream petroleum activities as a result of its
control over resources, although numerous foreign companies operate in Malaysia.
In addition to its domestic upstream activities Petronas controls 40 percent of the Malaysian
downstream and retail market, with domestic market revenues accounting for 20 per cent of
company revenue.
Petronas has been expanding aggressively into LNG, with Malaysia accounting for 15 percent of
total world LNG exports in 2005.
The company hold a stake of 60 per cent or more in each of three LNG plants in Malaysia, with
total capacity of 22.7 million tones per year.
Petronas is involved in two LNG projects out Malaysia. Petronas holds a 38 percent stake in the
Egyptian LNG projects as well as 30 percent stake in the Dragon LNG receiving and
regasification terminal in Wales , United Kingdom.
Petronas has been active internationally in the oil and gas sector since 1989, when governments
of Vietnam and Myanmar invited the company to participate in joint exploration ventures.
Searching for new eves to replace its maturing fields, Petronas has become known for its global
presence which contributes nearly a third of the company’s revenues.
Petronas also has service stations in South Africa and Thailand, and holds a stake in a Sudanese
refinery.
Petronas Malaysia
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Craig Leipold, by most accounts, is a successful businessman in his own right who just happens
to have a little something extra in the family financial portfolio -- one of the richest spouses in
the United States.
Leipold, the Wild's new owner, is married to an heir to the S.C. Johnson fortune, the Racine,
Wis.-based manufacturer of cleaning (Pledge, Windex) and outdoor (Off, Raid) products.
Helen Johnson-Leipold, 50, is chair and CEO of Johnson outdoors. In 2007, she ranked 204th
among the 400 wealthiest Americans as compiled by Forbes magazine with a net worth of $2.2
billion.
But Leipold, 55, is no slouch in the business world either. His 1997 purchase of the Nashville
Predators netted Leipold upward of $30 million, or three times his initial investment, according
to published reports, when he sold it for $193 million late last year.
Although he disputed some of the calculations used by the Nashville Tennessean in estimating
his profit, Leipold didn't dispute that he came out in the black on the deal even though operating
losses for the club totalled $70 million during his tenure.
"I made money," Leipold told reporters Thursday after he was introduced as the Wild's new
majority owner.
Leipold, who initially was looking to buy a semipro basketball team, heard of the hockey
opportunity in 1996 in Nashville where a new arena was being built. He shrewdly partnered with
Gaylord Entertainment, the Nashville company that runs the Grand Old Opry and operates cable
television's Nashville Network and Country Music Television, and obtained the NHL expansion
team for $75 million.
Leipold helped finance his stake in the Predators by selling half of his interest in Rainfair, Inc.,
of Racine, to LaCrosse Footwear for $10 million. Leipold later sold the remaining 50 percent to
LaCrosse for an additional $8 million.
Once skates hit the ice, Leipold became a Nashville resident by proxy, renting a five-bedroom
apartment near the hockey arena and attending virtually every home game. During the Predators'
inaugural season, Leipold was named Sports Person of the Year by the Nashville Sports Council.
In 1999, he was named Easter Seals Nashvillian of the year and the Nashville Father's Day
Council named him father of the year (he has three sons with wife Helen and two from a
previous marriage).
Leipold strongly indicated Thursday that he would become a hockey-season resident of St. Paul
as well. He said he would buy "a place" in downtown St. Paul and be a fixture at the Xcel Energy
Center with his sons.
Leipold also said he has asked the Wild's nearly two dozen minority investors, as well as current
owner Bob Naegele, to remain as partners.
Jac Sperling, vice chair of the Wild's parent company, Minnesota Sports and Entertainment, said
he did other deals with Leipold "before hockey" and that Leipold is very similar to Naegele in
terms of love of the game, commitment to the community and responsibility to the fans.
As a corporate executive, Leipold is active in management but not overly hands on, Sperling
said.
"He's smart. He understands marketing and sales and putting the customer first," Sperling said.
"He's good at hiring talented people and giving them the authority to do their job. He's a good
delegator."
Leipold attended his introductory news conference in a dark suit with a pale blue and yellow
dress shirt absent a tie. He spoke forcefully about his love of hockey and his admiration of the
Wild operation.
Leipold also talked about the importance of a positive culture in business and in professional
sports.
"In the businesses I've been in, culture is a lot about what I do," Leipold said. "This is a fantastic
culture [in the Wild]. This is a winning culture. ... My eyes are wide open and I know the
challenge to continue that culture. It's not just about winning on ice, but winning in life, too."
Mark zukenberg
Founder of Facebook Mark Zuckerberg is now known as a young billionaire, who made her
debut at the age of 19 years. He started making up of dormitories at Harvard in 2004 and is now
26 years old. He is also a philanthropist who donated U.S. $ 10 million for schools in the district
of Newark NJ. The figure of a young Zuckerberg gave insipiratif story for many people. Outside
Zuckerberg, in fact some universities also have scored a young millionaires every year.
However, being a young billionaire certainly not as easy as turning the palm of the hand. Being a
businessman at a young age requires vision, intelligence, determination, and a little luck. Here
are the Stories of Young Entrepreneurs who started career under 25 years old.
He advised the young entrepreneur who will be pioneering effort, “you must be excited with the
effort. Do you really love and make you excited,” he said when interviewed by the Academy of
Achievement.
- Catherine Cook
Shee is the founder myyearbook.com which started business at the age of 18 years. In 2005,
Catherine and her sister founded the social networking site that functions as a digital yearbook.
Its contents, in the form of pictures of friends, also a virtual currency that is often called “lunch
money”. Currently it has 20 million members and is one of the 25 most popular websites in the
U.S.. Today he was 20 years old.
She held the key, “Stop thinking about a thing, but make it happen.”
According to her, the days at a young age is the best time to start yourown business. Because, at
the time were young, you do not have a responsibility as well as when you are older. “If you fail
now, at least you have had first hand experience that makes your next success,” she said.
According to start something, no word too early. When he was 14 years, he found much info on
the internet. “Do your research and find a way to do what you want to do,” it advised.
At the age of 10 years, Juliette Brindak start by painting a cartoon of a girl who “cool” and
became a star in the teen community site in 2005.
She has a suggestion: Look for a solid team to support your ideas. “If someone starts to doubt
your company, and what you do, you have to get rid of them.”
His message to young entrepreneurs: “Make your ideas by providing solutions that not own
others.”
His advice to young entrepreneurs: “Understand the power of marketing, not only in goods, but
yourself and your ideas. Learn the business before you go and find people who have dreams and
aspirations in common with you”
- Cameron Johnson
He launched a dozen web between 1998-2004 before the age of 20 years, later becoming a
millionaire before graduating from high school.
Since the age of 9 years, he had started a printing company to make a greeting card from his
home. At age 12, he recorded a revenue of U.S. $ 50 million by selling his sister’s collection of
Beanie Baby. He is regarded as entrepreneurs icon in Japan and called “Beat the Boss” in
divulging the BBC show. However, today he focuses on being a writer and a visiting professor.
His advice for young entrepreneurs: “Put yourself out there. Start from small things. The more
you hit the start-up costs, it becomes easy to make a profit. Give added value to others and you
will be rewarded.”