Trump picks a new fight, this time with Forbes

30 Sep 2015 | Author: | No comments yet »

Gates richest American, 3 tech chiefs join top 10: Forbes.

New York: Microsoft founder Bill Gates retained his title as wealthiest American, while three founders of online companies joined the top 10, according to the Forbes 400 list released on Tuesday. Gates held onto the number-one spot in the annual list of the 400 wealthiest Americans for the 22nd straight year, with net worth of $76 billion, down $5 billion from 2014. Warren Buffett, the head of conglomerate Berkshire Hathaway, ranked second with $62 billion, while former Oracle chief executive Larry Ellison is third with $47.5 billion. But it was Amazon CEO Jeff Bezos who has emerged as the biggest overall gainer, adding a whopping $16.5billion to his war chest in a single year after his company posted a quarterly profit in July.

In all, 25 newcomers made it into the ranks of America’s wealthiest billionaires, including 25-year-old Evan Spiegel (#327) of Snapchat, the youngest on the list, worth $2.1billion, Brian Chesky (#194) of Airbnb at $3.3billion and Bill Haslam (#327), governor of Tennessee, at $2.1billion. Despite leaving his post as CEO of the software company Oracle Corp last year, Larry Ellison has retained his No 3 spot on the Forbes list, with a $47.5billion net worth.

Charles and David Koch, co-founders of Koch Industries, a giant company with interests in the oil industry, building and manufacturing, this year tied for fifth place, each bringing to the table a $41billion fortune. Forbes came up with a lower figure, rating the billionaire in 121st place. “After interviewing more than 80 sources and devoting unprecedented resources to valuing a single fortune, we’re going with a figure less than half that — $4.5 billion, albeit still the highest figure we’ve ever had for him,” Forbes said. Because of the bar being so high, 145 American billionaires didn’t make the cut, among them Elaine Wynn, co-founder of the Wynn Las Vegas hotel, and Urban Outfitters co-founder Richard Hayne.

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