The latest “The Forbes 400” list is spectacular in several ways. First, the combined wealth of the richest 400 Americans nears $2.4 trillion, which is the largest sum ever reported by the famous business magazine.
Second, the net worth of every single person on that list is around 5.8 billion, which is the largest ever reported, but a slight increase from last year’s $5.7 billion. Half of America’s 400 richest folks saw their net worth climb this year, while the other half had some losses.
Microsoft head Bill Gates (pictured) still ranks as America’s richest person. He stayed on top of the list for 22 straight years. This year, however, business was not that great as he lost $5 billion and saw his net worth decrease to $76 billion.
The self-made billionaire Warren Buffet ranks second on the list with $62 billion although he also lost $5 billion in the last year. Former Oracle CEO Lawrence Ellison is listed third with $47.5 billion, while Amazon founder Jeff Bezos is on the forth position with $46.7 billion.
A new entry in the top ten is Facebook co-founder and CEO Mark Zuckerberg who now holds the seventh position with $40.3 billion. Other newcomers are UBER’s founder and CEO Travis Kalanick who doubled his fortune to $6 billion in just one year, Tennessee governor Bill Haslam with $2.1 billion, and the 25-year-old Snapchat boss Evan Spiegel with his $2.1 billion.
Spiegel is the youngest on the list while David Rockefeller, 100, on 211 position, is the oldest.
About 35 people were removed from the list since last year because they either died or dropped off the top 400. The magazine also has an in-depth piece on one of the most popular Americans on the list – GOP presidential candidate Donald Trump.
Trump who is now on the 121st position is reportedly worth $4.5 billion. Nevertheless, the businessman said that he plans to hike that number because he thinks he ‘looks better’ if he is worth $10 billion.
The Forbes team also tried to estimate the fortune of this year’s presidential hopefuls, unlock the mystery behind Clinton family’s missing millions (on page 52), unveil Charles Koch’s plans to revamp America’s political scene at age 80 (on page 76), take a look at Cox Enterprises’ mogul Jim Kennedy’s success story (on page 92), and translating the mathematical secrets of hedge fund Two Sigma that put two new comers on the Forbes 400 list.
More than 270 Americans on the list are self-made billionaires, about 60 inherited all their money, while 66 more inherited some fraction of the money but they constantly work to increase their wealth.
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