Frank (Vasile) Timis was born in Romania. Oil and minerals investor debuts on the billionaires list this year thanks to stakes in three public companies: African Minerals, African Petroleum Corp. and International Petroleum, which extracts oil and gas in eastern Kazakhstan; the latter two companies are listed on Australia's National Stock Exchange. Was born in Romania, began working in mining industry in Western Australia at age 16. Now based in London. Has had a controversial past; while heading up UK-listed Regal Petroleum in 2009, company was fined nearly $1 million by UK authorities for issuing misleading statements about its oil reserves. Owns two Bombardier Challenger 604 airplanes.