Gates tops 'Forbes' list of 400 richest Americans for 18th time

  • Follow Business

LOS ANGELES — The nation’s economic woes don’t appear to be hurting Bill Gates, who tops Forbes’ list of the 400 richest Americans for the 18th year in a row.

The magazine said Wednesday that the Microsoft co-founder and philanthropist’s wealth amounts to $59 billion, ranking him ahead of all the other billionaires who make up this year’s list.

Gates’ fortune swelled by
$5 billion from a year ago, outpacing the No. 2 on the list, Warren Buffett, whose net worth is $39 billion, Forbes said.

Buffett, who wrote in a recent piece for The New York Times that the tax rate he paid last year was lower than that paid by any of the other 20 people in his office, was the only person among the top 20 on Forbes’ list to see his fortune shrink from a year ago.

The Berkshire Hathaway Inc. chairman and CEO’s fortune decreased by $6 billion – the largest dollar-amount loss by anyone on the Forbes 400 this year, the magazine said.

Oracle CEO Larry Ellison rounds out the top three richest Americans with a net worth of $33 billion, $6 billion more than last year.

Financier George Soros took seventh place, his first time among the top 10. Forbes estimates his wealth at $22 billion.

Three members of the Walton family, descendants of Wal-Mart Stores Inc. founder Sam Walt­on, also are among the top 10 wealthiest Americans this year. Rounding out the top 10 are Sheldon Adelson, the CEO of casino developer and operator Las Vegas Sands Corp.; and the oil billionaire brothers Charles and David Koch.

All told, 18 people made it to the Forbes 400 for the first time this year, including Napster co-founder Sean Parker, who ranked 200th, and John Henry, the majority owner of the Boston Red Sox and Liverpool FC, at No. 375.

Facebook founder Mark Zuck­erberg was the biggest dollar gainer on the list, with a net worth of $17.5 billion that earned him the No. 14 spot.

There were 42 women on the list, including media mogul Oprah Winfrey at No. 139, with a net worth of $2.7 billion.

THE TOP 10

The top 10 people on this year’s Forbes 400 list are:

• Bill Gates, $59 billion

• Warren Buffett, $39 billion

• Larry Ellison, $33 billion

• Charles Koch, $25 billion and David Koch, $25 billion (TIE)

• Christy Walton & family, $24.5 billion

• George Soros, $22 billion

• Sheldon Adelson,
$21.5 billion

• Jim Walton, $21.1 billion

• Alice Walton, $20.9 billion

RICHEST AGAIN: Bill Gates tops Forbes magazine’s list of the 400 richest Americans, with
a wealth that amounts to
$59 billion. The Microsoft co-founder has ranked No. 1 for 18 years in a row.

SHRINKING WEALTH: Investor Warren Buffett ranked second with a net worth is $39 billion. He was the only person among the top 20 on Forbes’ list to see his fortune shrink compared with 2010.

RICH GET RICHER: The combined wealth of the Forbes 400 is $1.5 trillion, and they had an average net worth of $3.8 billion. That’s a 12 percent increase from 2010.


Search Augusta jobs