Forbes 400 Ranking Of The Richest Americans - Forbes

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BUSINESS | 9/16/2013 @ 8:17AM | 49,173 views

New York, NY (September 16, 2013) The combined wealth of the

Forbes2013 ranking of the richest people in America (The Forbes 400,p. 124) is $2 trillion, up from $1.7 trillion in 2012 and the highest ever, due in

part to the strength of both the U.S. stock and real estate markets. The

average net worth of a Forbes 400 member is a staggering $5 billion, the

highest to date, up from $4.2 billion last year. Net worth increased for 314

members, and decreased for 30 members. Cost of admission to the 2013 list

has rebounded back to what it was pre-financial crisis at $1.3 billion, up from

$1.1 billion a year ago. For the complete Forbes 400 ranking on Forbes.com,

visit:www.forbes.com/forbes400.

Bill Gates retains the top spot on the Forbes 400 for the twentieth straight

year, at $72 billion. Up $6 billion from 2012, Mr. Gates is once again the

worlds richest person, having passed Mexicos Carlos Slim in May. WarrenBuffett, #2, is the biggest dollar gainer this year at $58.5 billion, up $12.5

billion from last year. Larry Ellison (#3), worth $41 billion, is the same as last

year; he is the only one in the Top 10 who did not add to his fortune. Mark

Zuckerberg was the second biggest gainer at $9.6 billion. He returns to the

Top 20 (#20) at $19 billion after dropping to #36 last year, while Carl Icahn is

back in the Top 20 (#18) for the first time since 2008.

Twenty newcomers climbed into the ranks, including Don Hankey (#342) of

Auto Loans at $1.6 billion, GoPros Nicholas Woodman (#386) at $1.3

billion; and Richard Yuengling Jr. of D.G. Yuengling & Son (# 371) at $1.4

billion. David Duffields fortune is up 205% to $6.4 billion from $2.1 billion

last year, making the software entrepreneur currently co-CEO of Workdayand former head of PeopleSoft the largest percentage gainer this year

(#65).

There are 48 women on the list, including retired Army lieutenant colonel and

heir to the Hyatt Hotels fortune Jennifer Pritzker (#327), formerly known as

James Pritzker and the first transgender billionaire. Paul Allen moves out of

the top 20, now at #26, from #20 in 2012; as does Steve Ballmer, now #21,

from #19 in 2012. Twenty-eight people who were on the 2012 Forbes 400

dropped off, and 6 people died. Among the deceased is sound pioneer Ray

Dolby, who passed away last week.

Forbes Corporate Communications, Forbes Staff

We build relationships with Forbes' constituents.

es Announces Its 32nd Annual Forbes 400 Ranking Of The Riches... http://www.forbes.com/sites/forbespr/2013/09/16/forbes-announ

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RANKNAME

WEALTH SOURCE $ CHANGE FROM 2012

1 Bill Gates $72 billion Microsoft + $6 billion

2 Warren Buffett $58.5 billion Berkshire Hathaway+ $12.5 billion

3 Larry Ellison $41 billion Oracle Even

4 Charles Koch $36 billion Diversified + $5 billion

4 David Koch $36 billion Diversified + $5 billion

6 Christy Walton & family$35.4 billion Wal-Mart + $7.5 billion7 Jim Walton $33.8 billion Wal-Mart + $6.7 billion

8 Alice Walton $33.5 billion Wal-Mart + $7.2 billion

9 S. Robson Walton $33.3 billion Wal-Mart + $7.2 billion

10 Michael Bloomberg $31 billion Bloomberg LP + $6 billion

The issue contains a rare interview and cover story with the elusive Alice

Walton (#8), who has built one of the most impressive museums of American

art in the world in her home town of Bentonville, Arkansas, with money from

her Wal-Mart inheritance; as well as a behind-the-scenes interview and night

out with eccentric billionaire Stewart Rahr (#327), a former pharmaceutical

distribution entrepreneur who has devoted his life to conflicting themes:

philanthropy and hedonism.

The Forbes 400 issue will feature five consecutive covers, including Warren

Buffett as the front cover, as well as Alice Walton; online retail entrepreneurMichael Rubin, a newcomer to the list; real estate and private equity mogul

Sam Zell (#110); and Stewart Rahr.

The Top 10:

ADDITIONAL FORBES 400 2013 HIGHLIGHTS:

Approximately 1 in 10 billionaires are foreign born.

273 members of the list are self-made billionaires; 71 inherited their wealth, and

56 inherited at least a portion but are still growing it.

Ira Rennert (#77) is the biggest loser (in dollars), as his $5.5 billion fortune is

down $1 billion from $6.5 billion in 2012

Roger Wang (#166) is the biggest loser (in percentage terms), down 16.7% at $3

billion, from $3.6 billion in 2012.

The youngest billionaires are Mark Zuckerberg (#20), age 29 with a net worth

of $19 billion, and Dustin Moskovitz (#85), age 29 (a few days younger than

Zuckerberg),with a net worth of $5.2 billion. Facebook is the origin of wealth for

both.

The oldest billionaire is David Rockefeller Sr. (# 193), age 98, with a net worth

of $2.8 billion.

There are 61 billionaires who did not make the cut this year, given the rising bar

for entry to the list, now at $1.3 billion.

314 billionaires are Up (vs. 241 in 2012); 30 billionaires are Down (vs. 66 in2012); and 22 billionaires are Even (vs. 61 in 2012). There are 14 Returnees (vs. 12

in 2012).

Notable drop-offs include: T. Boone Pickens, at $950 million; Graham Weston

at $920 million; Dan Snyder at $1.2 billion; and Manoj Bhargava at $800 million.

The top three industries are:

Investments 96

Technology 48

Food and Beverage 29


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This article is available online at:

http://www.forbes.com/sites/forbespr/2013/09/16/forbes-announces-its-32nd-annual-

forbes-400-ranking-of-the-richest-americans/

Contact: Melanie Scharler,[email protected] 212.366.8966.

Follow Forbes on Twitter (www.twitter.com/Forbes), Become a fan of Forbes

on Facebook (www.thefacebook.com/Forbes)


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Forbes 400 Ranking Of The Richest Americans - Forbes