The wealthiest people in America have a vast fortune that you may not be able to imagine in your entire lifetime. The United States of America is considered by many as one of the most powerful countries in the world and to be one of the richest persons, the influence one may wield is really strong. Here is a look at how these people manage their wealth, fortune and influence.
10 Michael Bloomberg Net worth:
USD $25 billion
Michael Bloomberg is not only the Mayor of New York City, he happens to be the part of the top ten richest people in the United States of America. A lot of this has to do with his position as the founder and 88% majority stake owner of Bloomberg L.P., a multinational mass media corporation that specializes in financial data services.
Among the specialties of Bloomberg LP are its financial software tools from analytics, equity trading platform, data services and financial news. The strength of this company is the reason why Michael Bloomberg had a net worth gain of over USD $4.5 billion in 2009.
The 70-year old Michael Bloomberg also extends his politician sensibilities to his corporate social responsibilities with the Bloomberg Philanthropies foundation that helps out on public health, education, environment, government innovation and the arts. From his net worth of USD $22 billion in 2011, he is now worth USD $25 billion.
9 S. Robson Walton Net worth:
USD $26.1 billion
S. Robson Walton heads this list of many Walton family members who are sharing the vast wealth of the Wal-Mart supermarket stores. As the eldest son of the Wal-Mart patriarch Sam Walton, S. Robson or Rob Walton is the present board chairman of the company. Last year, he earned over USD $420 million in dividends of the company alone.
The 62-year old Rob Walton assumed the mantle of Wal-Mart board chairman upon the death of Sam Walton in 1992 and he has successfully steered the company to sustained growth and progress.
8 Alice Walton Net worth:
USD $26.3 billion
Alice Walton is the sister of Rob Walton and she is considered as the second richest woman in America. The 62-year-old Wal-Mart heiress has a particular attraction to philanthropic work and a notable appreciation of art.
She recently made a donation for a new art museum and she holds key positions as a board member of the Amon Carter Museum in Fort Worth, Texas and a council member of the National Gallery of Art in Washington, DC.
Walton’s vision for educational excellence also led to the creation of Camp War Eagle in Northwest Arkansas that brings together children of different socio-economic backgrounds.
7 Jim Walton Net worth:
USD $26.8 billion
The brother of Rob and Alice, Jim Walton is another heir to the vast fortune of Wal-Mart supermarkets and his net worth keeps growing with each expansion. He is focused on his position as the CEO of Arvest Bank of the Walton family that has branches in Arkansas, Kansas, Missouri and Oklahoma.
6 Christie Walton and family Net worth:
USD $29.7 billion
Christie Walton is actually the widow of another Walton sibling, John Walton who passed away in a plane crash. She inherited the wealth of her husband and shares this with her entire family. Among the Walton family, Christie is known more for her philanthropic work and she sustains the growth of her wealth through shares from Wal-Mart and First Solar where John once invested.
5 David Koch Net worth:
USD $31 billion
David Koch is well known as the executive vice president of Koch Industries, a large privately owned company that concentrates on core industries such as chemical processing and petroleum refinery. He is considered as one of the richest residents of New York City and he does well with his fortune through his pursuit of philanthropic missions.
The 72-year-old David Koch is also a patron of the arts and has heavily contributed to institutions such as the cancer research firm Sloan Kettering, Lincoln Center and the Dinosaur Wing of the American Museum of Natural History. He is also an activist of sorts, supporting causes such as individual liberty and free market principles.
4 Charles Koch Net worth:
USD $31 billion
The brother of aforementioned David, Charles Koch is the de-facto head of Koch Industries with his positions as co-owner, chairman of the board and CEO. His net worth continues to rise with revenues from Koch Industries and the Georgia Pacific properties.
3 Larry Ellison Net worth:
USD $41 billion
From USD $33 billion last year, Larry Ellison of The Oracle Corporation propelled his net worth to USD $41 billion this year on the strength of his company that is one of the leading entertainment software companies in the world. Stocks have also increased by up to 20% since August 2011.
Ellison has been working his magic since he created Oracle and abandoned his academic course in the Harvard Business School in 1990. Now as CEO of Oracle, Ellison continues to push for more advanced database management systems.
2 Warren Buffett Net worth:
USD $46 billion
Many consider Warren Buffett as the most successful investor of the 20th century and that is with good reason because of the success of the company Berkshire Hathaway where he is chairman and CEO.
Berkshire Hathaway is a multinational conglomerate that manages subsidiary companies and its shares are up 20% from last year.
1 Bill Gates Net worth:
USD $66 billion
As far as billionaires are concerned, no list is complete without Bill Gates who established Microsoft Windows. Gates has already relinquished his hands-on management of the team and he now concentrates on his philanthropic benevolence.
Gates continues to rack up his fortune because of the 20% increase in his shares and that of Microsoft. The private investments of Gates have been very successful as well. With this continued cash flow well into his retirement, Gates has remained focus on giving back what he has earned.