Year on year, people have always waited for the list of people who have made it to the top 10 wealthiest Americans, as this mirrors the country’s economic and financial status. Whose business has grown significantly and whose business has experienced slowdown in revenue and sales. This year’s list consists of American billionaires who have been in the list for years while some have made a sweet comeback.
Find out who made it and who missed out on this year’s top 10 wealthiest Americans.
10. Michael Bloomberg
Michael Bloomberg is touted as the wealthiest politician in the world. He is New York’s 108th Mayor and the founder and owner of Bloomberg LP, the financial news and information company, which has more than 3 million subscribers worldwide. His net worth is at $2.2 billion, which also makes him one of the wealthiest men in the country. Bloomberg LP is most famous for its Bloomberg Terminal which is a computer system that allows finance professionals to access the Bloomberg Professional service wherein they can see and analyze real-time financial market data and they can also place trades using the electronic trading platform. Bloomberg is also a philanthropist.
9. Robson Walton
Robson Walton is the eldest son of Sam Walton, who owns Wal-Mart, the world’s largest retailer. Rob is the Chairman of the company and his estimated net worth amounts to $21 billion. He has received $350 million dividends. Prior to joining Wal-Mart, he was a partner of the Conner & Winters law firm.
8. Alice Louise Walton
Alice Walton is known for being the heiress to the fortune of Wal-Mart Stores, Inc. She is the daughter of Sam Walton, the Wal-Mart founder. Wal-Mart is a multinational retail company that runs chains of warehouse stores and department stores. It is considered to be the second largest public corporation in the world and the biggest private employer in the world—such remarkable spots on two lists. It is a family owned business and the company is under the leadership of the Walton family. Alice Walton’s estimated net worth is $26.3 billion, which puts her on the 2nd spot on the richest American women list.
7. James Carr Walton
James “Jim” Walton is the youngest son of Wal-Mart’s founder, Sam Walton. He has an estimated net worth of $28.1 billion. Wal-Mart is up by 5% from previous years and currently, the huge corporation has employed more than 2 million people in its 11,000 stores nationwide. Jim is also the CEO of Arvest bank which is worth $1.8 billion and with net profits of almost $100 million.
6. Christy Walton
Christy Walton is the widow of John Walton, who is one of the sons of Wal-Mart’s founder, Sam Walton. She got her wealth from inheritance when her husband died in June 2005. The fortune she inherited was worth $15.7 billion. She was touted to be the richest woman in the world until 2012. Most of her wealth comes from her shares in Wal-Mart and also from First Solar. However, First Solar’s stocks went down in 2012 but were able to recover which gave her a net worth of $380 million. The bulk of her holdings are still in Wal-Mart.
5. David Koch
David Koch is the co-owner and executive vice president of Koch Industries, a multinational company that has subsidiaries in trading and manufacturing. The company employs more than 50,000 people in the U.S. alone and 20,000 more people in other countries. Koch Industries is the second largest privately owned company in the U.S. David Koch’s estimated net worth is $5 billion, since the Koch Industries has significantly grown this year. The company was eyeing to buy Los Angeles Times and Chicago Tribune to be used as platforms for their liberatarian views but they lost interest.
4. Charles Koch
Charles Koch is the CEO of Koch Industries, an inherited business from his father, Fred Koch. He and his brother, David, were able to expand the business 2,600 times from its inherited size. It has expanded into different subsidiaries which now includes pollution control equipment and technologies, fertilizers, commodity trading and services, forest and consumer products, and even ranching. He also published a book entitled The Science of Success which talked about “Market-Based Management” which is his management philosophy.
3. Lawrence Joseph “Larry” Ellison
Larry Ellison is a business magnate and a co-founder and CEO of Oracle Corporation, a multinational computer technology corporation based in California, U.S. Oracle’s specialization is in marketing and computer hardware systems and enterprise software products. It is touted to be the third largest software maker, next to Microsoft and IBM. His estimated net value is $41 billion, making him the 3rd richest American this year. He has also donated a whopping $445 million to his medical foundation to provide support for research on aging and age-related diseases.
2. Warren Edward Buffett
Warren Buffett is touted to be the most successful investor of the 20th century. He is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company based in Nebraska. It owns various subsidiary companies such as Dairy Queen, Fruit of the Loon, GEICO, BNSF, Helzberg Diamonds and NetJets. It also has minority holdings in other big companies such as The Coca-Cola Company, IBM, American Express, and Wells Fargo. Its average annual growth is at 19% for the last 48 years. Warren Buffett has consistently been in the list of the world’s wealthiest people, and is even considered to be one of the most influential people in the world. He is also coined as the “Wizard of Omaha” because of his philosophy in investing and for his frugality.
1. William Henry “Bill” Gates
Bill Gates has consistently ranked in the list of the world’s wealthiest people. He was the former CEO and the current chairman of Microsoft. Microsoft is known to be the biggest personal computer software company, which he founded, together with Paul Allen. His estimated net worth is $68 billion.
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