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Sep20
Forbes List of 400 Richest Americans Show They Needed More Than $1 Billion to Make the Cut

The Forbes 400 Richest Americans list reveals that if you don't have a least $1.3 billion, you're only a billionaire wimp, as that's what it took to make the list this year. Last year $1 billion got you on the list. That means 82 American billionaires weren't able to make the cut.

The overall combined worth of all that made the ist was $1.54 trillion, in comparison to the $1.25 trillion last years' list added up to.

Bill Gates and Warren Buffett kept their perennial 1st and 2nd place, with Gates worth $59 billion and Buffett $52 billion. Casino owner Sheldon Adelson came in at No. 2 with a worth of $26 billion. Larry Ellison retained his No. 4 position with a net worth of $26 billion.

Kirk Kerkorian increased his fortune the most with his shares in MGM Mirage (MGM) skyrocketing by 135 percent over the last year, to increase his fortune by $9 billion.

Google Billionaires Larry Page and Sergey Brin did very well on their share increases as well, with Brin increasing by $4.4 billion and Page by $4.5 billion.

The Walton heirs dropped out of the top ten this year; with business slowing down for Wal-Mart, they were only able to finish in the No. 12-15 positions.

Top 25 Richest Americans on List:

1 William Gates III59.0 51 Medina, WA Microsoft
2 Warren Buffett52.0 77 Omaha, NE Berkshire Hathaway
3 Sheldon Adelson28.0 74 Las Vegas, NV casinos, hotels
4 Lawrence Ellison26.0 63 Redwood City, CA Oracle
5 Sergey Brin18.5 34 Palo Alto, CA Google
5 Larry Page18.5 34 San Francisco, CA Google
7 Kirk Kerkorian18.0 90 Los Angeles, CA investments, casinos
8 Michael Dell17.2 42 Austin, TX Dell
9 Charles Koch17.0 71 Wichita, KS oil, commodities
9 David Koch17.0 67 New York, NY oil, commodities
11 Paul Allen16.8 54 Mercer Island, WA Microsoft, investments
12 Christy Walton & family16.3 52 Jackson, WY Wal-Mart inheritance
12 Jim Walton16.3 59 Bentonville, AR Wal-Mart
12 S Robson Walton16.3 63 Bentonville, AR Wal-Mart
15 Alice Walton16.1 58 Fort Worth, TX Wal-Mart
16 Steven Ballmer15.2 51 Hunts Point, WA Microsoft
17 Abigail Johnson15.0 45 Boston, MA Fidelity
18 Carl Icahn14.5 71 New York, NY leveraged buyouts
19 Forrest Mars Jr14.0 76 McLean, VA candy, pet food
19 Jacqueline Mars14.0 67 Bedminster, NJ candy, pet food
19 John Mars14.0 71 Arlington, VA candy, pet food
19 Jack Taylor & family14.0 85 St Louis, MO Enterprise Rent-A-Car
23 Donald Bren13.0 75 Newport Beach, CA real estate
24 Anne Cox Chambers12.6 87 Atlanta, GA Cox Enterprises
25 Michael Bloomberg11.5 65 New York, NY Bloomberg

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2 Comments/Trackbacks




NewsVisual did some great interactive maps of some of the wealthiest businessmen in America, such as Warren Buffett http://www.newsvisual.com/newsvisual/2007/09/buffett-gates-t.html , Carl Icahn http://www.newsvisual.com/newsvisual/2007/07/icahns-connecti.html and Rupert Murdoch (OK, not American, but still an interesting read) http://www.newsvisual.com/newsvisual/news_corp/index.html . When you think about it it really is incredible that these guys are connected to so many different companies and industries.

» The Health of the Luxury Market? Depends if You're a Buyer or Seller! from ManagersRealm
With the release of the Forbes 400 list of richest Americans recently, and those on it needing $1.3 billion net worth to even be on it, it underscores the rise of the rich in the global economy.Citing the Cap Gemini... [Read More]

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