Warren Buffett & Bill Gates Sit Atop The Forbes 400 List

Bill Gates is once again the rich you should intrude into a soup spoon. I went options are stored forest man in the world, and he is still by a wide margin. The philanthropic giant, and cofounder of Microsoft Corp., is again at the top of the Forbes 400 list for the 19th year in a row, and his total net worth is $66 billion.

Warren Buffett, chairman and CEO of Berkshire Hathaway Inc., is once again in second place at a grand total of $46 billion. Larry Ellison, who is the cofounder of Oracle Corp. also stayed in third place and he is worth $41 billion. The cofounders of Koch industries Inc., David and Charles Koch, have respectively tied for fourth place at $31 billion apiece.

According to Forbes, you can basically boil this year down to the rich getting richer, as 241 members of this list rose in net worth, and only 66 members actually shrunk in net worth. The rising prices on the stock market, plus the rebound in real estate, as well as prices going up for rare art, have helped these individuals gain more of their net worth.

More members of the founding family of Walmart Stores Inc., the Walton family, actually moved up into the top 10 this year. They displaced Sheldon Adelson, who is the founder of the Las Vegas Sands Corp., and George Soros the investor. Michael Bloomberg, current Mayor of New York City, is also back in the top 10 at number 10. He owns the financial data services firm Bloomberg LP, and he is estimated to be worth around $25 billion.

The masters of social media took the biggest hit on the Forbes 400 list this year. Mark Pincus of Zynga Inc. fame, as well as Groupon’s Eric Lefkofski, both dropped off of the list entirely this year. The biggest loser of all is Facebook’s Mark Zuckerberg. The Facebook IPO dropped tremendously since it went public in May of this year, and his total net worth was basically cut in half. This lost him a total of $8.1 billion in net worth. Zuckerberg was formerly number 14 on this list, but he is now sitting at number 36.

The honest truth is that even though Mark Zuckerberg lost a lot more money than the majority of people would ever come close to making during their lifetime, he still has a very large net worth at an estimated amount of $9.4 billion according to Forbes.

There are 20 newcomers that made their way onto the list this year, which means that they are worth at least $1.1 billion in net worth, because that’s what you need to in order to enter this list. It was previously $1.05 billion a year ago. Shahid Khan, the owner of the NFL team the Jacksonville Jaguars made the list this year and came in at number 179. The founder of Epic Systems, a health records firm, Judy Faulkner, made the list and came in at number 285. The husband and wife team of Peggy and Andrew Cherng also found their way onto the list at number 239. They are the owners of the restaurant chain Panda Express. The final new member of the list is Twitter creator Jack Dorsey. He came in at number 392.

As of this time, there are 45 women on the Forbes 400 list. They added three more women this year because there were only 42 women just a year ago. Oprah Winfrey currently sits at spot number 151.

Here’s a quick list of the top 10 members of this year’s Forbes 400 list:

  • Bill Gates – $66 billion
  • Warren Buffett – $46 billion
  • Larry Ellison – $41 billion
  • David Koch – $31 billion
  • Charles Koch – $31 billion
  • Christy Walton and family – $27.9 billion
  • Jim Walton – $26.8 billion
  • Alice Walton – $26.3 billion
  • S. Robson Walton – $26.1 billion
  • Michael Bloomberg – $25 billion

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