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| Bill Gates Again Tops List of Richest Americans |
| Microsoft founder Bill Gates is the richest person in America for the 14th year in a row, followed by investor Warren Buffett, according to Forbes magazine's latest list of the wealthiest Americans.
The pair's fortunes each grew by $6 billion in the past year, Forbes said Thursday, with Gates' fortune $59 billion and Buffett $52 billion. Buffett has pledged 85 percent of his net worth to the Bill and Melinda Gates Foundation and family charities. Casino magnate Sheldon Adelson ($28 billion), head of Las Vegas Sands, and software tycoon Larry Ellison ($26 billion), chief executive of Oracle, remain at No. 3 and No. 4 on the 25th annual ranking of 400 rich Americans, which now requires a minimum net worth of $1.3 billion for inclusion. "The collective net worth of those listed on the 400 this year rose $290 billion to $1.54 trillion," Forbes said. "Despite market jitters, nearly half of the 45 new members come from hedge fund and private equity investments." For the first time since 1989 there are no members of the Walton family, descendants of Wal-Mart founder Sam Walton, in the top 10. Four members -- Jim, Christy, Robson and Alice -- slipped to 12th and 15th place. Read the entire story at source |
| Farshad @ 06:35 | 22 September 2007 |
| Source :http://www.cnbc.com/id/20904408 |
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