Archives for: March 2010, 11

LONDON - A 41-year-old millionaire businessman who nearly died in a car crash eight years ago is leaving behind his exquisite 16th-century farmhouse and lavish lifestyle to move to a mud hut in Uganda and start a children's charity.

Jon Pedley plans to sell his telecommunications businesses, a $1.5 million Essex farmhouse with a 1-acre garden and his furniture to raise cash for African orphans, the U.K. Daily Mail reported Wednesday.

His charity, Uganda Vision, will send troubled British children to Uganda where they will help locals orphaned by AIDS and poverty.

The self-made tycoon has a troubled past that includes a criminal record, alcoholism and affairs. He says a serious car crash in 2002 in which he almost died led him to find God.

"I've lived an incredibly selfish existence," Pedley, of Finchingfield, Essex, was quoted as saying in the Daily Mail. "I've been convicted of crime, slept rough, been an alcoholic, had affairs, and damaged people's lives including my own. I've always put the pursuit of money in front of everything else."

In college, Pedley said, he began smoking and drinking and stealing from shops and his parents. After leaving school, he received a suspended jail sentence for fraud and theft after scams including selling the furniture at a rented flat, the Daily Mail reported.

Pedley married, continued to drink heavily, cheated on and later divorced his wife.

In 2002, he had been drinking when he fell asleep at the wheel and crashed into a van. He was in a coma for six weeks.

After making a full recovery he said he found religion and gave up alcohol.

'I'm now teetotaler and I try to live my life in a way that pleases God,' he told the Daily Mail.

Even if the "Underwear Bomber" Umar Farouk Abdulmutallab had exploded his device on Christmas day, 2009, the Airbus A330 would have survived, according to an experiment conducted by a BBC documentary team.

And while the person sitting next to Abdulmutallab probably would have died, the worst injury most passengers would have suffered would have been ruptured eardrums.

"What we tried to do was simulate, as far as we could, what might have happened over Detroit," said explosives expert John Wyatt, who was part of the BBC experiment. "We used the same type of explosive and the same amount and put it in the same position as the bomber."

"The supports adjacent to the seat lost five or six rivets and the metal bowed out, but the structure didn't fail," said Captain J. Joseph, an aviation expert also featured in the BBC documentary, which is also airing on Discovery Channel this week. "The actual aircraft would have remained intact."

On Dec. 25, 2009 Abdulmutallab boarded Northwest Airlines Flight 253, flying from Amsterdam to Detroit. Sewn into Abdulmutallab's underwear was about 80 grams of pentaerythirtol tetranitrate, or PETN, a powerful explosive.

As the Airbus A330 was about to touch down in Detroit, Abdulmutallab allegedly removed a syringe and tried to ignite the PETN and blow up the aircraft. Instead of a powerful explosion, however, Abdulmutallab created a small fire, which was extinguished. The would-be bomber was subdued by other passengers and crew members on the flight.

Using a decommissioned Boeing 747, Joseph, Wyatt and the BBC team set about recreating the conditions of last year's attempted bombing.

They placed about 80 grams of PETN's base material, pentaerythritol, near the 747's fuselage where Abdulmutallab was seated. Eighty grams of pentaerythritol contains about the same explosive power as a hand grenade, but lacks the the hot, sharp metal fragments of an actual grenade that cause so much damage. The BBC set up cameras and Wyatt set off the explosives.

In the BBC documentary, entitled "How Safe Are Our Skies," the controlled detonation of the explosives lasted a scant 0.94 milliseconds, but the results were clear to cameras. Shock waves rippled through the exterior aluminum skin of the aircraft like fat water drops of water hitting the surface of a smooth pond.

The metal was permanently bowed out, and a handful of rivets were punched out, but no gaping holes appeared. The pressurized air inside the cabin would have slowly leaked out of the missing rivets, said Joseph, a non- life-threatening situation. The amount of explosives was "nowhere near enough" to bring down the plane, concluded Wyatt and Joseph.

The aircraft would have survived, but some of the passengers would not have. The alleged would-be bomber and the person seated next to him would both have likely died, said Wyatt.

The passengers sitting in front of and behind the terrorist would probably have been protected from serious bodily injury the the aircraft's metal seats. Most passengers on the plane would have suffered ruptured eardrums as the shock wave created by the bomb traveled through the plane's cabin.

The BBC also used a decommissioned Boeing 747 and not a newer Airbus A330 for the test. An actual test would be necessary to prove this, but Wyatt and Joseph think that the newer plane, which was made with lighter and stronger composite materials instead of aluminum, would have performed even better.

The newest commercial passenger jet, the Boeing 747 or Dreamliner, which has even more composite materials, would likely perform even better, said Wyatt, although he doesn't know for sure.

1) Carlos Slim Helu

Net Worth: $53.5 billion

Source: Telecom

Residence: Mexico

• Telecom tycoon who pounced on privatization of Mexico's national telephone company in the 1990s becomes world's richest person for first time after coming in third place last year. Net worth up $18.5 billion in a year.

• Recently received regulatory approval to merge his fixed-line assets into American Movil, Latin America's biggest mobile phone company.

• His construction conglomerate, Impulsora del Desarrollo y el Empleo, builds roads and energy infrastructure.

• Son of a Lebanese immigrant also owns stakes in financial group Inbursa, Bronco Drilling, Independent News & Media, Saks and New York Times Co.

• Newspaper outfit's stock popped in early March on talk he might buy a controlling stake; he denies the rumor.

• Donating $65 million to fund a research project in genomic medicine with American billionaire philanthropist Eli Broad.

2) Bill Gates

Net Worth: $53 billion

Source: Microsoft

Residence: U.S.

• Software visionary is now the world's second-richest man. Net worth still up $13 billion in a year as Microsoft shares rose 50% in 12 months, value of investment vehicle Cascade swelled.

• More than 60% of fortune held outside Microsoft; investments include Four Seasons hotels, Televisa, Auto Nation.

• Stepped down from day-to-day duties at Microsoft in 2008 to focus on philanthropy.

• Bill & Melinda Gates Foundation dedicated to fighting hunger, improving education in America's high schools, developing vaccines against malaria, tuberculosis and AIDS.

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