国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

More than $1B needed to make Forbes list

(Agencies)
Updated: 2007-09-21 06:37

NEW YORK - A billion dollars just doesn't go as far as it used to. For the first time, it takes more than $1 billion earn a spot on Forbes magazine's list of the 400 richest Americans. The minimum net worth for inclusion in this year's rankings released Thursday was $1.3 billion, up $300 million from last year. The new threshold meant 82 of America's billionaires didn't make the cut.


Microsoft Corp. Chairman Bill Gates speaks at 'Launch Tour 2007' in Seattle, to tout the release of Microsoft Windows Vista in this Feb. 26, 2007 file photo. Forbes magazine releases its annual rankings of the nation's wealthiest individuals on Thursday, Sept. 20, 2007. [AP]

Collectively, the people who made the rankings released Thursday are worth $1.54 trillion, compared with $1.25 trillion last year.

The very top of the list was unchanged: Microsoft Corp. founder Bill Gates led the list for the 14th straight year, this time with a net worth estimated at $59 billion. He was followed by Warren Buffett of Berkshire Hathaway Inc. in second place with an estimated $52 billion and casino mogul Sheldon Adelson, No. 3 with an estimated worth of $28 billion.

Larry Ellison of Oracle Corp. maintained his ranking at No. 4, with an estimated net worth of $26 billion.

But the list showed some notable changes.

Joining the top 10 of the country's richest for the first time were Google Inc. founders Sergey Brin and Larry Page, who tied for fifth place. The 34-year-old moguls' wealth has quadrupled since 2004 to an estimated $18.5 billion this year, while their company's stock value has surged 500 percent.

And, lower down, almost half of the 45 newcomers made their millions in hedge funds and private equity investments. The youngest member of this year's list was 33-year-old hedge fund manager John Arnold, who joined the ranks at No. 317 and a net worth of $1.5 billion.

"Wall Street really led the charge this year," said Matthew Miller, editor of the Forbes list. "God only knows if they'll be on it next year. It really just depends on what the market does."

Surging oil prices also helped some members of the list. Oil baron brothers Charles and David Koch also broke into the top 10, sharing the No. 9 spot with estimated wealth of $17 billion. Their ascension bumped the Walton family, heirs to the Wal-Mart Stores Inc. fortune, from the top 10 for the first time since 1989.

The discount retailer, struggling with a slowing economy and higher gasoline prices as well as merchandising mishaps, has seen its sales lag behind rivals like Target Corp.

Climbing 19 rungs to No. 7 was casino tycoon Kirk Kerkorian, who doubled his net worth to an estimated $18 billion. The 90-year-old investor is a majority shareholder in MGM Mirage - operator of the MGM Grand, Bellagio and other casinos - which saw record profits at several of its Las Vegas hotel-casinos.

Rounding out the top 10 was Michael Dell of computer maker Dell Inc., who was No. 8 with an estimated $17.2 billion.

The magazine confirmed the worth of an individual's holdings in public companies by using the August 31 closing stock price, and estimated the value of private companies by evaluating comparable public firms in the industry. The list also takes into account philanthropic donations.



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
云龙县| 梁河县| 大埔县| 常德市| 大同市| 西林县| 清水河县| 凭祥市| 通化市| 仁怀市| 江山市| 惠水县| 农安县| 伊川县| 札达县| 任丘市| 舒城县| 郴州市| 江川县| 阿瓦提县| 龙井市| 新邵县| 大新县| 富宁县| 延川县| 古浪县| 庆城县| 乳源| 手游| 伊春市| 虎林市| 永新县| 章丘市| 利津县| 湖州市| 庄河市| 鸡东县| 塘沽区| 贵德县| 冕宁县| 建始县|