BIG TICKET GIVEAWAY

Win 2 tickets to every event for a year! Click here to enter.

Present by The Daily Herald
The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions

Calendar


Weekly business news
HeraldNet Newsletter Delivered to your inbox each week.
Published: Monday, September 16, 2013, 1:32 p.m.

Gates stays atop Forbes list of America's richest

Associated Press
NEW YORK -- America's superrich just keep getting richer.
Forbes on Monday released its annual list of the top 400 richest Americans. While most of the top names and rankings didn't change from a year ago, the majority of members of the elite club saw their fortunes grow over the past year, helped by strong stock and real estate markets.
Microsoft Corp. co-founder Bill Gates remains America's richest man, taking the top spot on the list for the 20th straight year, with a net worth of $72 billion.
Investor Warren Buffett, the head of Berkshire Hathaway Inc., keeps second place with $58.5 billion, while Oracle Corp. co-founder Larry Ellison stayed third with $41 billion.
Brothers Charles and David Koch, co-owners of Koch Industries Inc., stay tied for fourth with $36 billion each.
Wal-Mart heirs Christy Walton, Jim Walton, Alice Walton and S. Robson Walton took the next three spots, with holdings ranging from $33.3 billion to 35.4 billion. New York City Mayor Michael Bloomberg, the founder of the eponymous financial information company, rounds out the top 10 with $31 billion.
According to Forbes, the 400 people on the annual list posted a combined net worth of $2 trillion, up from $1.7 trillion a year ago. That marks their highest combined value ever.
Meanwhile, the average net worth of the list's members rose to $5 billion, the highest ever, up from $4.2 billion in 2012. Net worth grew for 314 members and fell for 30 members, Forbes said.
Net worth for America's wealthiest people have risen in the years since the financial crisis, widening the gap between the exceptionally well-to-do and the rest of the country.
According to a study of Internal Revenue Service figures released last week, the top 1 percent of U.S. earners collected 19.3 percent of household income in 2012, their largest share in IRS figures going back a century.

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus
digital subscription promo

Subscribe now

Unlimited digital access starting at 99 cents, or included with any print subscription.