Tags: Forbes | Gates | America | Richest

Microsoft's Gates Tops Forbes List of America's Richest for 20th Year

Monday, 16 Sep 2013 10:07 AM

 

America's superrich just keep getting richer.

Forbes on Monday released its annual list of the top 400 richest Americans. While most of the top names and rankings didn't change from a year ago, the majority of members of the elite club saw their fortunes grow over the past year, helped by strong stock and real estate markets.

Microsoft Corp. co-founder Bill Gates remains America's richest man, taking the top spot on the list for the 20th straight year, with a net worth of $72 billion.

Editor’s Note: Put the World’s Top Financial Minds to Work for You

Investor Warren Buffett, the head of Berkshire Hathaway Inc., keeps second place with $58.5 billion, while Oracle Corp. co-founder Larry Ellison stayed third with $41 billion.

Brothers Charles and David Koch, co-owners of Koch Industries Inc., stay tied for fourth with $36 billion each.

Wal-Mart heirs Christy Walton, Jim Walton, Alice Walton and S. Robson Walton took the next three spots, with holdings ranging from $33.3 billion to 35.4 billion. New York City Mayor Michael Bloomberg, the founder of the eponymous financial information company, rounds out the top 10 with $31 billion.

According to Forbes, the 400 people on the annual list posted a combined net worth of $2 trillion, up from $1.7 trillion a year ago. That marks their highest combined value ever.

Meanwhile, the average net worth of the list's members rose to $5 billion, the highest ever, up from $4.2 billion in 2012. Net worth grew for 314 members and fell for 30 members, Forbes said.

Net worth for America's wealthiest people have risen in the years since the financial crisis, widening the gap between the exceptionally well-to-do and the rest of the country.

According to a study of Internal Revenue Service figures released last week, the top 1 percent of U.S. earners collected 19.3 percent of household income in 2012, their largest share in IRS figures going back a century.

Editor’s Note: Put the World’s Top Financial Minds to Work for You


© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Keep in Mind Tax Deductions for Sales Taxes, Charitable Expenses

Friday, 23 Jan 2015 13:08 PM

Don't look now, but tax season is coming upon us. Kiplinger has assembled a list of the most overlooked tax deductions. . . .

Krugman: 'Europe's Economy Wrecked in Name of Responsibility'

Friday, 23 Jan 2015 12:35 PM

Europe's fiscal austerity , and its monetary austerity before 2011 , have put its economy in the tank, says Nobel laurea . . .

Kudlow: Obama's Middle-Class Economics Tactic Doesn't Work

Friday, 23 Jan 2015 19:10 PM

It's too easy to label President Obama's State of the Union as more tax-the-rich and redistribution. We know that. Rathe . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved