A billion dollars is not enough to make it to the list any more
While the rich got richer in 2013, the mega-rich got mega-richer. The 20 richest Americans saw their worths swell 20 percent to $636 billion. And while the Top 10 held serve, surprises filled the next rung. (Welcome back, Zuck!)
1. Bill Gates
$72 bln AGe: 57
Source: Microsoft, Investments
SELF-MADE
Gates remains atop The Forbes 400, a perch he’s held since 1994, despite giving away $28 billion, most of it to the Bill & Melinda Gates Foundation. In April, bolstered his foundation’s efforts to eradicate polio, securing $335 million in pledges from six billionaire comrades, including $100 million each from Mexico’s Carlos Slim and Mike Bloomberg. Shares of Microsoft jumped in late August on news that Steve Ballmer will step down as CEO; Gates will remain chairman of the software company he co-founded in 1975 with Paul Allen. Microsoft represents less than a fifth of his fortune. Gates’s investment firm, Cascade, owns chunks of tractor maker Deere & Co, Canadian National Railway and Mexican Coke bottler Femsa.
2. Warren Buffett
$58.5 bln Age: 83
Source: Berkshire Hathaway
SELF-MADE
Neither age nor prostate cancer slows Buffett down: A year after completing radiation treatment, he is still doing huge deals. His Berkshire Hathaway picked up iconic ketchup-maker HJ Heinz for $23.2 billion in June in a deal with Brazilian billionaire Jorge Paulo Lemann. A Berkshire subsidiary is buying Nevada’s NV Energy for $5.6 billion in cash. Gave away another $2 billion of Berkshire stock to the Gates Foundation in July, bringing lifetime giving to nearly $20 billion. Despite the gift, saw fortune rise $12.5 billion, more than any other member of The Forbes 400, thanks to a 34 percent increase in Berkshire shares.
3. Larry Ellison
$41 bln Age: 69
Source: Oracle
SELF-MADE
Little gets in the way of Larry Ellison’s ambition—or mouth. In a TV interview
in August, Oracle founder said that Apple’s best days are behind it after the passing of Steve Jobs, a close friend, and that Google’s alleged infringement of Oracle’s patents in its Android software was “absolutely evil”. Dream of a second America’s Cup sailing trophy dealt a serious blow in September when a jury found Oracle team guilty of cheating and docked it two points. Collector of houses on Malibu’s Carbon Beach also owns of 98 percent of Hawaii’s Lanai Island. In quest for youth has donated $445 million to his medical foundation to support research on ageing and age-related diseases.
4. Charles Koch
$36 bln Age: 77
Source: diversified
INHERITED & GROWING
4. David Koch
$36 bln Age: 73
Source: diversified
INHERITED & GROWING
The country’s richest brothers failed to unseat Barack Obama as president in 2012 but keep finding ways to drive liberals crazy. Latest frenzy was over widely reported (but never confirmed) interest in buying Los Angeles Times and Chicago Tribune as platforms for their libertarian views. Fortunes are up a combined $10 billion this year as $115 billion (sales) Koch Industries steadily expands. Agreed to buy electronics components maker Molex for $7.2 billion and cellulose fibres producer Buckeye Technologies for $1.5 billion. Invested $1.5 billion in glassmaker Guar-dian Industries. Thrifty brothers reinvest 90 percent of earnings in business.