Related News
Bill Gates still richest American, Forbes says
September 23, 2010, Thursday
|
Print Edition
Print Edition
THINGS are on the up for US billionaires with more than half of them adding to their net worth in a year which once again saw Bill Gates as the richest of them all, Forbes magazine said yesterday.
Gates, founder of Microsoft, was the richest person in the United States for the 17th year in a row with an estimated worth of US$54 billion, up US$4 billion from last year.
No. 2 on the list was investor Warren Buffett, worth US$45 billion, up US$5 billion. Oracle founder Larry Ellison's net worth was unchanged, in third place, at US$27 billion. Christy Walton, heir to Walmart founder Sam Walton's fortune, was in fourth place with US$24 billion, up US$2.5 billion.
In stark contrast to the 2009 Forbes 400 list, 217 of the tycoons are now worth more than they were a year ago. Just 84 of the billionaires had a decrease in wealth.
In 2009 a whopping 314 members of the exclusive club had experienced a decrease in their wealth.
The top 10 gained US$24.9 billion. The same group had shed almost US$40 billion last year.
The total wealth of the group is up 8 percent, besting the Standard & Poor's 500 index, which measured a stock market increase of just 1 percent, Forbes said.
The Forbes 400 are worth a combined US$1.37 trillion, compared with US$1.27 trillion last year.
The price of admission to the list is back up to US$1 billion from 2009 when US$950 million was enough to make the top 400.
There are no new entries or drop-offs in the top 10 but the list shuffled. The Koch brothers, heads of energy and manufacturing giant Koch Industries, now rank above three other members of the Walton family and New York Mayor Michael Bloomberg, founder of news and information company Bloomberg LP, who round out the top 10.
Facebook's Mark Zuckerberg, No. 35, saw the largest relative increase, more than tripling his fortune to US$6.9 billion from US$2 billion. Fellow Facebook co-founders Dustin Moskovitz and Eduardo Saverin join the list with fortunes of US$1.4 billion and US$1.15 billion, respectively. Born eight days after Zuckerberg, 26-year-old Moskovitz is the world's youngest billionaire.
The oldest tycoon on the list is David Rockefeller Sr., 95, worth US$2.4 billion.
Media magnate Oprah Winfrey comes in at No. 130 and is one of 42 women on the list.
Automobile heir William Ford Sr. made the list for the first time since 2005, at the 385th spot with US$1 billion after Ford Motors Co's stock rose 50 percent and hit a 5-year-high.
California is the state with the most billionaires -- 83 -- among them No. 332 Meg Whitman, worth US$1.2 billion, the Republican candidate for governor of the state in November elections.
The full Forbes 400 list can be seen at www.forbes.com/Forbes400.
Gates, founder of Microsoft, was the richest person in the United States for the 17th year in a row with an estimated worth of US$54 billion, up US$4 billion from last year.
No. 2 on the list was investor Warren Buffett, worth US$45 billion, up US$5 billion. Oracle founder Larry Ellison's net worth was unchanged, in third place, at US$27 billion. Christy Walton, heir to Walmart founder Sam Walton's fortune, was in fourth place with US$24 billion, up US$2.5 billion.
In stark contrast to the 2009 Forbes 400 list, 217 of the tycoons are now worth more than they were a year ago. Just 84 of the billionaires had a decrease in wealth.
In 2009 a whopping 314 members of the exclusive club had experienced a decrease in their wealth.
The top 10 gained US$24.9 billion. The same group had shed almost US$40 billion last year.
The total wealth of the group is up 8 percent, besting the Standard & Poor's 500 index, which measured a stock market increase of just 1 percent, Forbes said.
The Forbes 400 are worth a combined US$1.37 trillion, compared with US$1.27 trillion last year.
The price of admission to the list is back up to US$1 billion from 2009 when US$950 million was enough to make the top 400.
There are no new entries or drop-offs in the top 10 but the list shuffled. The Koch brothers, heads of energy and manufacturing giant Koch Industries, now rank above three other members of the Walton family and New York Mayor Michael Bloomberg, founder of news and information company Bloomberg LP, who round out the top 10.
Facebook's Mark Zuckerberg, No. 35, saw the largest relative increase, more than tripling his fortune to US$6.9 billion from US$2 billion. Fellow Facebook co-founders Dustin Moskovitz and Eduardo Saverin join the list with fortunes of US$1.4 billion and US$1.15 billion, respectively. Born eight days after Zuckerberg, 26-year-old Moskovitz is the world's youngest billionaire.
The oldest tycoon on the list is David Rockefeller Sr., 95, worth US$2.4 billion.
Media magnate Oprah Winfrey comes in at No. 130 and is one of 42 women on the list.
Automobile heir William Ford Sr. made the list for the first time since 2005, at the 385th spot with US$1 billion after Ford Motors Co's stock rose 50 percent and hit a 5-year-high.
California is the state with the most billionaires -- 83 -- among them No. 332 Meg Whitman, worth US$1.2 billion, the Republican candidate for governor of the state in November elections.
The full Forbes 400 list can be seen at www.forbes.com/Forbes400.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
