Forbes 400: Gates, Buffett are still richest Americans

FORBES/ASSOCIATED PRESS
The pull-out cover for Forbes' Sept. 21 issue shows Warren Buffett (from left), Oprah Winfrey, Bill Gates, Melinda Gates, Pete Petersen, Leon Black, Jon Bon Jovi (seated on the floor), Marc Benioff, David Rubenstein, Steve Case, Laura Arrillaga-Andreessen and Marc Andreessen posing for a portrait in the Trustees Room at the New York Public Library. The 12, considered leading philanthropists, attended the Forbes 400 Summit On Philanthropy.
  • Follow Business

NEW YORK — Microsoft Corp. co-founder Bill Gates remains the nation’s richest man by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion.

Back | Next
Microsoft Corp. co-founder Bill Gates remains the nation's richest man by far.  FILE/ASSOCIATED PRESS
FILE/ASSOCIATED PRESS
Microsoft Corp. co-founder Bill Gates remains the nation's richest man by far.

Investor Warren Buffett, the head of Berkshire Hathaway Inc., again took second with $46 billion, while Oracle Corp. co-founder Larry Ellison remains third with $41 billion and brothers Charles and David Koch, co-owners of Koch Industries Inc., tied for fourth with $31 billion.

Forbes said the rich mainly got richer in 2012, with net worth rising for 241 members of its list and shrinking for only 66.

More members of the Walton family, the founders of Wal-Mart Stores Inc., moved up into the Top 10, displacing investor George Soros and Las Vegas Sands Corp. founder Sheldon Adelson.

New York City Mayor Michael Bloomberg, who made his fortune with the financial data services firm Bloomberg LP, is also back with the top dogs at No. 10 with an estimated net worth of $25 billion.

Social media moguls took the biggest hit. Zynga Inc.’s Mark Pincus and Groupon Inc.’s Eric Lefkofsky dropped off the list entirely. Facebook’s Mark Zuckerberg was the biggest dollar loser in Forbes’ latest ranking of the 400 wealthiest Americans.

The company’s lackluster IPO in May resulted in a huge drop in market value that cut the value of his shareholdings almost in half, costing him $8.1 billion in net worth. That dropped Zuckerberg from No. 14 on the list to No. 36.

But although Zuckerberg lost more money than most people will make in many lifetimes, his net worth still totals an estimated $9.4 billion, according to the magazine.

Twenty newcomers joined the list, which required $1.1 billion in net worth for entry, up from $1.05 billion a year ago. Among the freshly minted are Shahid Khan, owner of the NFL’s Jacksonville Jaguars, at No. 179; Judy Faulkner, founder of health records firm Epic Systems, at No. 285; Andrew & Peggy Cherng, the husband and wife team behind restaurant chain Panda Express, at No. 239; and Twitter creator Jack Dorsey at No. 392.

There are 45 women on the list, up from 42 a year ago, including Oprah Winfrey at No. 151.

FORBES’ TOP 10

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

NAME WORTH

Bill Gates $66 billion

Warren Buffett $46 billion

Larry Ellison $41 billion

Charles Koch $31 billion

David Koch $31 billion

Christy Walton & family $27.9 billion

Jim Walton $26.8 billion

Alice Walton $26.3 billion

S. Robson Walton $26.1 billion

Michael Bloomberg $25 billion

Comments (8) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
Insider Information
4009
Points
Insider Information 09/19/12 - 01:04 pm
3
3
Be careful how much money you

Be careful how much money you make. You might just get arrested. Isn't it a crime to be successful?

Farmboy
954
Points
Farmboy 09/19/12 - 01:19 pm
5
0
A long, long way from being the richest of all time.

In 2007 dollars, John D. Rockefeller (1839-1937) was worth 663.4 Billion. The 1% of this day and age don't even come close to being the richest ever.

Fundamental_Arminian
1849
Points
Fundamental_Arminian 09/19/12 - 02:23 pm
3
1
We didn't make that

    Be careful how much money you make. You might just get arrested. Isn't it a crime to be successful? (insider information).

None of us makes money, remember? The dollar bills we have, we didn't make them. Ben Bernanke and the Federal Reserve did.

Willow Bailey
20603
Points
Willow Bailey 09/19/12 - 04:15 pm
4
1
Bill and Warren report to the

Bill and Warren report to the oval office with your checkbooks, el pronto. Especially, you, Warren.

Riverman1
84926
Points
Riverman1 09/19/12 - 04:38 pm
3
0
Bill Gates and Augusta

If Augusta is good enough for Bill Gates, it's good enough for me.

soapy_725
43686
Points
soapy_725 09/19/12 - 05:14 pm
0
0
The Demogog Party
Unpublished

is using this picture of Gates as a dart board. They have their eye on his wallet. How can he sleep at night when so many in the world are starving? How can he look in the mirror knowing that he alone could end world poverty? He has won the lottery of life and yet he does not share. Questions the Entitlement Generation have a right to know.

Major sarcasm!!!!!!

soapy_725
43686
Points
soapy_725 09/19/12 - 05:17 pm
0
0
The "old money" used to all meet
Unpublished

at Jekyll Island. Pre income tax money. Pre FDR money. At that time about seven American owned about 90% of the world's wealth.

Obama Money is totally different that "old money".

soapy_725
43686
Points
soapy_725 09/19/12 - 05:19 pm
0
0
Go Bill and Warren
Unpublished

Keep the American stock market "bubble" rolling strong. Keep that US paper dollars as the world standard. Denominate gold in that inflated paper.

kissofdeath
415
Points
kissofdeath 09/19/12 - 10:51 pm
1
0
Be careful how much money you

Be careful how much money you make. You need to be arrested by IRS. It should be a crime for not paying fair share of taxes.

Retired Army
17512
Points
Retired Army 09/20/12 - 06:07 am
2
1
The Reward Is Not Of this Earth

It's wonderful to see that God truly does reward those who give the most.

Thanks Bill and Warren. You guys espouse what responsible wealth really is. America and the world could use more like you.

seenitB4
88177
Points
seenitB4 09/20/12 - 08:11 am
1
1
Have you ever noticed...

Gates & Buffett are comfortable in their wealth....to look at them you would think they are just some ordinary guys....

Jake
32770
Points
Jake 09/20/12 - 11:06 am
0
0
The Waltons

Looks like a lot of Waltons made the list. Not bad considering they came from rural Walton Mountain. I failed to see Mary Ellen's name on the list, though.

Back to Top

Search Augusta jobs