Wednesday, September 21, 2011

The 10 richest Americans

The 10 richest Americans

Despite the stalled economy, America's richest continue to get richer. As a group, the wealthiest 400 are worth $1.5 trillion, roughly the GDP of Canada.

By Luisa Kroll and Kerry A. Dolan, Forbes.com
A good year at the top

The 400 richest Americans saw their collective wealth grow by 12% over the past year, meaning the nation's wealthiest slightly outperformed the Standard & Poor's 500 Index ($INX) over the period.

Bill Gates is the nation's richest person for the 18th consecutive year; the last time he didn't rank No. 1 was 1993, when his good friend Warren Buffett eclipsed him. Buffett's fortune tumbled by $6 billion this year, making him the biggest loser among the nation's most wealthy. Buffett gave away $3.3 billion, and he was pinched by a 10% decline in the value of Berkshire Hathaway (BRK.A) stock.

This year's headlines may belong to a younger group of entrepreneurs marching their way up the ranks, particularly those who are impacting social behavior online. Leading the pack is Facebook co-founder Mark Zuckerberg, who added $10.6 billion to his fortune, making him the year's biggest gainer and pushing him into the top 20 for the first time, with a net worth of $17.5 billion. Zuckerberg came in one notch ahead of Google (GOOG) co-founders Sergey Brin and Larry Page, who added $1.7 billion apiece to their fortunes but slipped five spots in the rankings and are tied at No. 15.

Notable newcomers include Bob Stiller of Green Mountain Coffee Roasters (GMCR) and The Go Daddy Group's Bob Parsons. Among those returning to the list this year are Howard Schultz of Starbucks (SBUX) and Dan Gilbert, the chairman and founder of Quicken Loans.



Charles Koch

Rank: 4
Net worth: $25 billion
Age: 75
Source of wealth: Koch Industries (manufacturing)
Residence: Wichita, Kan.
  • Go to the Charles Koch profile on Forbes.com  
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Warren Buffett

Rank: 2

Net worth: $39 billion

Age: 81

Source of wealth: Berkshire Hathaway

Residence: Omaha, Neb.

* Go to the Buffett profile on Forbes.com
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David Koch

Rank: 5

Net worth: $25 billion

Age: 71

Source of wealth: Koch Industries

Residence: New York City

* Go to the David Koch profile on Forbes.com
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Alice Walton

Rank: 10

Net worth: $20.9 billion

Age: 61

Source of wealth: Wal-Mart

Residence: Millsap, Texas

* Go to the Alice Walton profile on Forbes.com
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Christy Walton

Rank: 6

Net worth: $24.5 billion

Age: 56

Source of wealth: Wal-Mart Stores (WMT)

Residence: Jackson, Wyo.

* Go to the Christy Walton profile on Forbes.com
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Larry Ellison

Rank: 3

Net worth: $33 billion

Age: 67

Source of wealth: Oracle (ORCL)

Residence: Redwood City, Calif.

* Go to the Ellison profile on Forbes.com
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Bill Gates

Rank: 1

Net worth: $59 billion

Age: 55

Source of wealth: Microsoft (MSFT)
(Microsoft publishes MSN Money)

Residence: Medina, Wash.

* Go to the Gates profile on Forbes.com
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Sheldon Adelson

Rank: 8

Net worth: $21.5 billion

Age: 78

Source of wealth: Casinos

Residence: Las Vegas

* Go to the Adelson profile on Forbes.com
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Jim Walton

Rank: 9

Net worth: $21.1 billion

Age: 63

Source of wealth: Wal-Mart

Residence: Bentonville, Ark.

* Go to the Jim Walton profile on Forbes.com
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George Soros

Rank: 7

Net worth: $22 billion

Age: 81

Source of wealth: Hedge funds

Residence: Katonah, N.Y.

* Go to the Soros profile on Forbes.com
* Go to Forbes.com for the full list of the richest people in America
* Bing: George Soros

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