9 Georgians on billionaires list

ATLANTA -- Nine Georgia residents were on Forbes’ annual list of billionaires released on Monday.

The Atlanta Journal-Constitution reports that Forbes said its 27th annual list counts 1,426 billionaires — up by 210 over last year, and including 442 in the U.S. The elite global group’s combined net worth is $5.4 trillion, up from $4.6 trillion a year ago.

Mexican media mogul Carlos Slim retained the top spot for the fourth straight year, with a net worth of $73 billion. Microsoft founder Bill Gates was second at $67 billion, while Amancio Ortega of Spanish retail giant Zara clocked in at $57 billion. The “Oracle of Omaha,” Berkshire Hathaway CEO Warren Buffett, was fourth at $53.5 billion.

The magazine said soaring asset values helped boost the ranks of the world’s richest people.

Georgia added two new billionaires to this year’s list. Mohawk Industries Chairman and CEO Jeffrey Lorberbaum (No. 1,250) has seen his wealth soar with growth in the Dalton-based flooring manufacturer’s stock price. Controversial religious leader Edir Macedo (No. 1,268), a Brazil citizen (listed by Forbes as an Atlanta resident) who owns the South American country’s second-largest broadcaster Rede Record and Atlanta Telemundo affiliate W67CI, also joined the list.

More

Sat, 12/10/2016 - 22:54

Baby daughter needs surgery, mom says