Bill Gates Still the Richest Man
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Microsoft chairman architect Bill Gates is still the wealthiest person in America with a total of $51 billion, according to Forbes' annual list. Four out the top five richest Americans represent the technology industry, with fellow Microsoft founder Paul Allen, Michael Dell and Larry Ellison trailing Warren Buffett.
Larry Page and Sergey Brin were the big movers on the 2005 Forbes 400 list. The Google founders vaulted to number 16 and 17 with $11 billion each. Google CEO Eric Schmidt followed at number 52. Meanwhile, Steve Jobs took position 67 on the list with $3.3 billion, while Amazon's Jeff Bezos dropped from number 38 to 42.
Perhaps more noteworthy is the ascent of Google founders Sergey Brin and Larry Page, who were ranked 16th by Forbes with $11 billion each, up from No. 43 last year when they each had a net worth of $4 billion.
Google went public last year, but the Internet search engine returned to the capital markets this month with a follow-up offering of shares that raised $4.18 billion. The company has earned $1 billion since going public.
Rank | Name | Net Worth ($mil) | Age | Residence | Source |
1 | Gates, William Henry III | 51,000 | 49 | Medina, WA | Microsoft |
2 | Buffett, Warren Edward | 40,000 | 75 | Omaha, NE | Berkshire Hathaway |
3 | Allen, Paul Gardner | 22,500 | 52 | Seattle, WA | Microsoft, investments |
4 | Dell, Michael | 18,000 | 40 | Austin, TX | Dell |
5 | Ellison, Lawrence Joseph | 17,000 | 61 | Silicon Valley, CA | Oracle |
6 | Walton, Christy | 15,700 | 50 | Jackson, WY | Wal-Mart inheritance |
6 | Walton, Jim C | 15,700 | 57 | Bentonville, AR | Wal-Mart |
8 | Walton, S Robson | 15,600 | 61 | Bentonville, AR | Wal-Mart |
9 | Walton, Alice L | 15,500 | 56 | Fort Worth, TX | Wal-Mart |
10 | Walton, Helen R | 15,400 | 86 | Bentonville, AR | Wal-Mart |
source: forbes.com, betanews.com
