Forbes magazine has been releasing The Forbes 400 for the past few decades already. It lists down the 400 richest people in America, profiling America’s billionaires according to their approximate net worth. If you’re still wondering who the top 10 richest Americans are, here they are.
10. Michael Bloomberg
Michael Bloomberg is the current mayor of New York City, with a current net worth of $31 billion. He is dubbed as the world’s wealthiest mayor. From $6 billion last year, the performance of his Bloomberg LP was a great addition to his assets. He financial data company was founded in 1982, just after being fired from the Salomon Brothers. Bloomberg also earns a lot of properties in Manhattan, Bermudy, Vail, Westchester County and the Hamptons. He is considered as a philanthropist, spending over $2.8 billion to various charities and foundations. Bloomberg is a native of Massachusetts.
9. S. Robson Walton
The eldest son of Sam Walton stands at 9th, with a net worth of $33.3 billion. The eldest sibling has been the chairman of Walmart since 1962. However, 2012 wasn’t really a great year for S. Robson Walton, having been criticized for a bribery issue in Mexico. Likewise, employees staged protests against low wages, with regard to the bribery and a factory collapse in Bangladesh that killed around 1,000 workers. Rob and his siblings donated around $2 billion over the past five years to the Walton Family Foundation.
8. Alice Walton
Alice Walton, with a net worth of $33.5 billion, founded the Alice’s Crystal Bridges Museum of American Art in 2011. It was since then attracted about 1 million visitors. It houses various works from Norman Rockwell, Georgia O’Keeffe and Andy Warhol. The museum works from the past five centuries. She is considered as the biggest philanthropist in the Walton family, giving around $2 million for charter school initiatives. She received around $250 million last year from Wal-Mart dividends.
7. Jim Walton
Another child of the retail visionary Sam Walton is in the top 10. Jim Walton, the youngest sibling, has a net worth of $33.8 billion. Jim also serves as the CEO of Arvest Bank, also owned by the Walton family. It is worth $1.8 billion, with net profits of around $100 million. The Walton siblings have divided the $1.4 billion in dividends in 2013, and Jim got around $350 million after taxes.
6. Christy Walton & Family
Christy Walton is currently the richest woman in the world with a net worth of $35.4 billion. She got her inheritance when her husband John died in 2005 because of a plane crash. John also had investments with First Solar, which also boosted her net worth by $380 million since August. She also received around $350 million in 2013 from Wal-Mart.
5. David Koch
David Koch, together with Charles Koch, is tied at 4th place, with a net worth of $36 billion. His net worth increased by $5 billion because of Koch Industries’ expansion, where he serves as the Executive Vice President. The company agreed to purchase Molex for $7.2 billion, as well as Buckeye Technologies for $1.5 billion. The brothers actually reinvested 90% of their profits in the business. Being a prostate cancer survivor, David has also contributed around $200 million to finding a cancer cure.
4. Charles Koch
Charles Koch shares the 4th spot at $36 billion with his brother, David. He serves as the CEO and Chairman of Koch Industries. The brothers inherited the company from Fred Koch, their father, and have since then expanded Koch Industries to over 2,600 of its original inherited size. The company was originally involved in oil refining and chemicals, and since then continued to expand. It produces popular brands, such as the Lycra fiber and Stainmaster.
3. Larry Ellison
Lawrence Joseph Ellison has a net worth of $41 billion, making him the third wealthiest American. He is the co-founder and chief executive of Oracle Corporation. He was born in New York City, but was given up for adoption to his aunt and uncle because of pneumonia when he was nine months. He worked for the Ampex Corporation, which included a database for the CIA. In 1977, he founded Software Development Laboratories, which would later be renamed as Oracle Systems Corporation. The Wall Street Journal in 2010, reported that he was the best-paid executive from 2001 to 2010, with his compensation totaling $1.84 billion. According to a French magazine, he earned around $94.6 million in 2013. He has donated around $445 million to his foundation to support researches on age-related diseases.
2. Warren Buffett
The Nebraska native Warren Edward Buffett is often dubbed as the most successful investor of the 20th century, with a net worth of $58.5 billion. He is the chairman, CEO and primary shareholder of Berkshire Hathaway, a multinational conglomerate holding company. In 2012, Time named him as one of the most influential people in the world. He has many nicknames, such as “The Wizard of Omaha” or the “Sage of Omaha”, adhering to his values and for his personal frugality even with his wealth. He is a self-made billionaire, having a childhood filled with selling chewing gum, weekly magazines or Coca-Cola. At the age of 20, he had made $9,800, or roughly $94,000 based on today’s inflation. With his partnerships, he became a millionaire in 1962. When Berkshire Hathaway began to sell class A shares in 1990, he became a billionaire.
1. Bill Gates
With a net worth of $72 billion, William Henry “Bill” Gates still remains to be the one of the world’s richest people. From 1995 to 2009, he was consistently the world’s wealthiest person, except in 2008 when he was in 3rd place. In 2013, he is again the world’s richest, a rank he last had in 2007. He has held various positions in Microsoft, serving as the CEO and chief software architect. Gates is still the largest individual shareholder of Microsoft, and still serves as its chairman, although he has then spent his last full-time work day on June 27, 2008. Gates is a native of Seattle, Washington. He remains to be a philanthropist through the Bill & Melinda Gates Foundation.