See Who Got Rich This Week?

 Hey guys...This is strictly a forbes document...who beats them to this game anyway?

Each week at Forbes we scan our database of corporate insiders to see who got richer from the action in the stock market. On November 6th Barack Obama was elected to serve his second term as President of the United States. Though Las Vegas and several major financial institutions,including Nomura, projected that he would win the contest, the result still triggered a steep sell-off, with the S&P 500 down more than 3.5% since Tuesday. The “Obama Crash” dragged most corporate insiders down along with it, making winners hard to come by this week. However, thanks to some strong earnings reports and other upbeat corporate news, some managed to end the week in the black. Here, some of the biggest gainers from the past week:

It’s Always Rich In the Outback

After graduating from the University of Maryland, Robert Danker Basham got his start in the food business working at his brother’s Washington D.C. restaurant. When he heard that managers at the Steak & Ale restaurant chain could make $25,000 a year in 1973, he signed on as a manager trainee, eventually rising to the position of Vice President of Operations of the company’s Bennigan’s brand. In 1988, after a successful stint developing Chili’s franchises in the southeastern United States, Basham cofounded Outback Steakhouse with Chris Sullivan and Tim Gannon. On Thursday, shares of the holding company that owns Outback Steakhouse, and several other brands including Carrabba’s Italian Grill, issued an earnings report that beat Wall Street’s expectations with adjusted earnings per share of $.08 on the quarter. Analysts had expected Bloomin’ Brands to report an adjusted loss of $.01 per share. Coupled with optimistic annual earnings guidance, the performance sent shares 14.7% higher on the week. For Basham, who owns 8.3 million Bloomin’ Brands shares, the pop resulted in a gain of $16.5 million. His stake is now worth $128.8 million.

Patent Paper Chase

VirnetX Holding Corporation purports itself to be a technology company, however, even the firm’s website acknowledges that its “portfolio of intellectual property is the foundation of our business model.” The company owns 12 patents in the United States and eight international patents, in addition to several pending patents. According to VirnetX, its “patent portfolio is primarily focused on securing real-time communications over the Internet, as well as related services such as the establishment and maintenance of a secure domain name registry.” How does a company make money off patents alone? Licensing them would seem the most conventional method. However, a patent holder can also sue people for infringement. Given VirnetX’s focus on real-time Internet communications, there are several large, cash-flush technology companies that would appear vulnerable. Chief among them, Apple, was ordered to pay VirnetX damages of $368.2 million on Wednesday after a jury found that Apple’s FaceTime feature violated VirnetX’s intellectual property. The ruling pushed VirnetX shares up 32.2% week over week. Kendall Larsen, CEO and Chairman of VirnetX, owns 8.8 million VirnetX shares now worth $326.4 million, $79.5 million more than they were worth last week.

Real Rich

The world’s richest man, Carlos Slim of Mexico, had a billion dollar day last Friday. Today, his fortune fell be nearly that same amount. Though the telecom tycoon’s public holdings slid by just 1.71%, his net worth tumbled by a whopping $972.12 million. While none of the other 50 billionaires whose wealth Forbes track in real time came close to losing that much in nominal terms on Friday, several dramatically outpaced Slim when it came to percentage lost. Among them was Steve Jobs’ widow, Laurene Powell Jobs. Though Apple broke its recent losing streak and rose 1.73% on the session, Jobs’ public holdings, which are dominated by The Walt Disney Company, fell by 3.63%. Although Disney’s fourth quarter net profit rose by 14%, revenue missed analyst estimates, driving shares down by nearly 6%. The dip shaved $357.65 million off of Jobs’ net worth. Despite his candidate losing the presidential election on Tuesday, casino king Sheldon Adelson was Friday’s biggest winner. Shares of his Las Vegas Sands Corp. rose 1.8%, netting Adelson $332.14 million on the day.

Reflects changes from the market open on Friday November 2 through the open on Friday November 9, 2012.