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Bill Gates the Richest American on Forbe’s list for the 19th Year

in International Business

Bill Gates the Richest American on Forbe’s list for the 19th Year

Bill Gates, the former chief executive and current chairman of Microsoft, has been listed by Forbes magazine as the wealthiest American for the 19th year in a row, with a fortune of USD 66bn, up from USD 7bn from last year.

Following next is Warren Buffett, who is chairman and chief executive of the insurance conglomerate Berkshire Hathaway.

In third place with a fortune of USD 41bn is Larry Ellison, head of softwaremaker Oracle Corp.

David and Charles Koch of the energy and chemical business group Koch Industries were tied in fourth place with $31bn.

The total worth of the US super-rich grew 13%, with the majority of them becoming richer in 2012.

Two hundred and forty-one members of the group saw their wealth increase, while just 66 saw it shrank.

The biggest drop was seen by Facebook founder and chief executive Mark Zuckerberg who fell from 14th to 36th, after losing nearly half of his fortune in the wake of a disappointing stock market listing of his company.

Here is 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, $26.1 billion
  10. Michael Bloomberg, founder and principal owner of Bloomberg LP, $25bn.

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