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Forbes 400: The Rich Continue to Get Richer

Published: September 20, 2012 | 10:27 pm
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It’s a great time to be filthy rich in the USA.

Forbes has released its rankings of the richest 400 Americans and there is little change near the top of the list. Here is a quick summary of the top ten, including rank, name, and total net worth:

Bill Gates, $66 Billion

Warren Buffet, $46 Billion

Larry Ellison, $41 Billion

Charles Koch, $31 Billion

David Koch, $31 Billion

Christy Walton, $27.9 Billion

Jim Walton, $26.8 Billion

Alice Walton, $26.3 Billion

S. Robson Walton, $26.1 Billion

Michael Bloomberg, $25 Billion

Statistically, the Forbes 400 rankings this year reveal changes that are mostly unsurprising and expected. The overall trend is upward, with the individuals on this list gaining wealth faster than those in the general population. The average wealth among the 400 increased $400 million from last year, to $4.2 billion, a new record, and the combined net worth of 400 on the list jumped to $1.7 trillion, a 13 percent increase from last year’s combined $1.5 trillion.

Bill Gates and Warren Buffet both witnessed an impressive $7 billion increase in net worth this year and held securely to their number one and number two rankings. The greatest gainer, in terms of dollars, was Larry Ellison who saw his personal fortune leap $8 billion, from $33 billion last year to $41 billion today.

Although most individuals on the list lavished in greater monetary returns, not everyone followed this trend. Mark Zuckerbeg, founder of Facebook, faced the painful reality of an IPO gone badly. Facebook stock has slumped and Zuckerberg’s wealth has followed suit, plummeting $8.1 billion from $17.5 billion last year to “only” $9.4 billion this year and pushing Zuckerberg out of the top thirty, down to a #36 ranking.

Speaking of Zuckerberg, he and fellow Facebook entrepreneur Dustin Moskovitz, #151 with $2.7 billion, are the youngest individuals on the Forbes 400 list. They are each only 28 years of age. The only other individual under 30 on the list is Scott Duncan, #72 with $4.7 billion in wealth, at age 29. On the other extreme, there is David Rockefeller Sr., #151 with $2.7 billion in wealth, who is only three years shy of his 100th birthday.

All in all, it has been a great year to be rich in America. The average family may be struggling to maintain wealth and status, but there appears to be no such problem among America’s richest 400, an elite group of individuals who continue to rack up capital gains personal wealth at a record pace.

Source: Examiner.com


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