You are here: Home - Investing -

Gates and Buffett top Forbes rich list but Soros falls

Written by:
Bill Gates has been named the wealthiest American for the 19th year in a row, according to Forbes' rich list.

He now has a fortune of $66bn (£41bn), up $7bn from last year.

The Sage of Omaha Warren Buffett was in second place once again with a fortune of $46bn and there was no change in the order of the top five richest people compared to last year.

Casino magnate Sheldon Adelson and financier George Soros dropped from the top 10 into 12th place compared with a year ago.

However, Facebook founder Mark Zuckerberg suffered the biggest drop, falling from 14th to 36th place, after a disappointing listing of his social networking company. He lost nearly half his fortune, which is now worth an estimated $9.4bn.

The total wealth of the US’ richest people grew 13% to $1.7tn, with the top 400 worth an average $400m more in 2012.

This means their assets are worth as much as one eighth of the US economy, and grew much faster than the economy as a whole, according to Forbes.

Below are the top ten from the Forbes list:

  1. Bill Gates, co-founder and chairman of Microsoft, $66bn
  2. Warren Buffett, chairman and chief executive of Berkshire Hathaway, $46bn
  3. Larry Ellison, co-founder and chief executive of Oracle, $41bn
  4. Charles Koch, chairman and chief executive of Koch Industries, $31bn
  5. David Koch, co-owner and executive vice-president of Koch Industries, $31bn
  6. Christy Walton & family, heiress to Walmart fortune, $27.9bn
  7. Jim Walton, heir to Walmart fortune and chairman of Arvest Bank, $26.8bn
  8. Alice Walton, heiress to Walmart fortune, $26.3bn
  9. S Robson Walton, heir to Walmart fortune, $26.1bn
  10. Michael Bloomberg, founder and principal owner of Bloomberg LP, $25bn.

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Govt predicts 600k auto-enrolment impact by year end

The Government is predicting 600,000 more people will be saving into a workplace pension by the end of the year...