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Forbes magazine says Bill Gates is top of American billionaires E-mail
Sunday, 24 September 2006
Forbes magazine says Bill Gates is top of American billionaires
Forbes magazine reports that for the first time, the American richest 400 tycoons all have a personal wealth of at least $1bn (£526m) and Microsoft boss Bill Gates kept top spot for a 13th consecutive year.

Investment guru-turned-philanthropist Warren Buffett is in second place followed by casino and hotel owner Sheldon Adelson who has shot up from 15th to third position and four of the five names in the top ten came from the Wal-Mart owning Walton family.

The group of tycoons as a whole are worth $1.25 trillion, compared with $1.13 trillion a year ago, Forbes magazine said.

Sheldon Adelson's incredible fortune comes mainly from his decision to open a casino in Macau, an island off south-eastern China famous for its gambling and Forbes estimate he has been making about $1m an hour for the past two years.

Two other top earners were the founders of the search engine giant Google and Apple Computers chief executive Steve Jobs was 49th on the list, with $4.9bn.

California is where 90 of the 400 on the list are living and another 44 have New York homes.


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Last Updated ( Thursday, 12 October 2006 )
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