Bill Gates at it again, $6B Richer than the last year

gazoomartian

Prime Minister (20k+ posts)

The rich keep getting richer as the combined net worth of America's 400 richest rises





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  • Getty Images/Peter Kramer - Bill Gates appears on NBC News' "Today" show -- (Photo by: Peter Kramer/NBC/NBC NewsWire)

NEW YORK, N.Y. - Life is good for America's super wealthy.

Forbes on Monday released its annual list of the top 400 richest Americans. While most of the top names and rankings didn't change from a year ago, the majority of the elite club's members saw their fortunes grow over the past year, helped by strong stock and real estate markets.
"Basically, the mega rich are mega richer," said Forbes Senior Editor Kerry Dolan.

Dolan noted that list's minimum net income increased to a pre-financial crisis level of $1.3 billion, up from $1.1 billion in 2012, with 61 American billionaires not making the cut. "In some ways, it's harder to get on the list than it ever has been," she said.
Microsoft Corp. co-founder Bill Gates remains America's richest man, taking the top spot on the list for the 20th straight year, with a net worth of $72 billion, up from $66 billion a year ago.
Investor Warren Buffett, the head of Berkshire Hathaway Inc., posted another distant second place finish with $58.5 billion, but increased his net worth from $46 billion. Oracle Corp. co-founder Larry Ellison stayed third with $41 billion and was the only member of the top 10 whose net worth was unchanged from a year ago.

Brothers Charles and David Koch, co-owners of Koch Industries Inc., stay tied for fourth with $36 billion each, up from $31 billion in 2012.
Wal-Mart heirs Christy Walton, Jim Walton, Alice Walton and S. Robson Walton took the next four spots, with holdings ranging from $33.3 billion to $35.4 billion, all increasing from year-ago levels. New York City Mayor Michael Bloomberg, the founder of the eponymous financial information company, rounds out the top 10 with $31 billion, up from $25 billion.

According to Forbes, 273 members of the list are self-made billionaires, while 71 inherited their wealth and another 56 inherited at least some of it but are still growing it.
Facebook CEO Mark Zuckerberg returned to the list's top 20 after dropping out the year before. His net worth of $19 billion earned him the No. 20 spot.
Facebook co-founder Dustin Moskovitz also made the list, at No. 85,with a net worth of $5.2 billion. At age 29 and just a few days younger the Zuckerberg, Moskovitz ranks as the youngest member of the list.
On the flip side, the oldest person on the list is 98-year-old David Rockefeller Sr. at No. 193 with a net worth of $2.8 billion.

A total of 20 new people joined the rankings, including Richard Yuengling Jr. of Pennsylvania beer maker D.G. Yuengling & Son, who ranked at No. 371 with $1.4 billion.
Twenty-eight people dropped off the list, including six who died. Those now falling short of the cut include energy tycoon T. Boone Pickens at $950 million, Graham Weston of Rackspace Hosting Inc. at $920 million and Washington Redskins owner Dan Snyder at $1.2 billion.
A total of 48 women made the list including Hyatt Hotels heir Jennifer Pritzker at No. 327. Formerly known as James Pritzker, she's the list's first transgendered member.

According to Forbes, the 400 people on the annual list posted a combined net worth of $2 trillion, up from $1.7 trillion a year ago. That marks their highest combined value ever.
Meanwhile, the average net worth of the list's members rose to $5 billion, also the highest ever, up from $4.2 billion in 2012. Net worth grew for 314 members and fell for 30, Forbes said.
The increases aren't surprising, given that net worth for America's wealthiest people has risen in the years since the financial crisis, widening the gap between the exceptionally well-to-do and the rest of the country.

According to a study of Internal Revenue Service figures released last week, the top 1 per cent of U.S. earners collected 19.3 per cent of household income in 2012, their largest share in IRS figures going back a century.
U.S. income inequality has been growing for almost three decades. But until last year, the top 1 per cent's share of pre-tax income had not yet surpassed the 18.7 per cent it reached in 1927, according to the analysis done by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University.

Some economists have speculated that the incomes of the wealthy might have surged in the past year, because they cashed in stock holdings to avoid higher capital gains taxes that kicked in in January.
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The Forbes 400: http://www.forbes.com/forbes400
Source: http://ca.finance.yahoo.com/news/gates-takes-top-spot-annual-forbes-list-americas-130355834.html
 
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Pak1stani

Prime Minister (20k+ posts)
I dont know if your comments are some kind of a satire or your are serious. Do you have any knowledge of Stocks? :(:13:

share price of $32.90 is not very impressive for a rich man who has over $72B in bank.

I almost passed out seeing the google share $888/share !!!!!!
 
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Raaz

(50k+ posts) بابائے فورم
What a shameless person , charging so much just for a operating system full of viruses.

more than 100 $ cost , only Americans could pay , and still it is too much for them also.

What about the poor and developing countries.


If he is earning too much that means his profit is too much and clearly he is charging too much.
 

AsifAmeer

Siasat.pk - Blogger
Goog & MSFT almost have the same market cap considering the volatility.

Share prices are for the kids to feel happy. Grown ups look at the market cap, liability & growth trend.

share price of $32.90 is not very impressive for a rich man who has over $72B in bank.

I almost passed out seeing the google share $888/share !!!!!!
 

Pak1stani

Prime Minister (20k+ posts)
Currently he has almost nothing to do with Microsoft.


What a shameless person , charging so much just for a operating system full of viruses.

more than 100 $ cost , only Americans could pay , and still it is too much for them also.

What about the poor and developing countries.


If he is earning too much that means his profit is too much and clearly he is charging too much.
 

AsifAmeer

Siasat.pk - Blogger
MSFT doesnt make much on the OS. Its primary bread n butter is from Software Suites and Corporate Licenses.

You should try Open source. Try Ubuntu or Debian.
What a shameless person , charging so much just for a operating system full of viruses.

more than 100 $ cost , only Americans could pay , and still it is too much for them also.

What about the poor and developing countries.


If he is earning too much that means his profit is too much and clearly he is charging too much.
 

HowDoUDo

MPA (400+ posts)
What a shameless person , charging so much just for a operating system full of viruses.

more than 100 $ cost , only Americans could pay , and still it is too much for them also.

What about the poor and developing countries.


If he is earning too much that means his profit is too much and clearly he is charging too much.

Aap fikar na karain, Pakistan main bohot se looh hacked karte hain software ko, even Linux be hacked milta hai. Kam az Kam Bill Gates Pakistanion ki wajah se to amir nahin hua.
Aap ne viruses ke bhe baat ke woh bhi pakistanion ke he ijadat hai.
 

gazoomartian

Prime Minister (20k+ posts)
I dont know if your comments are some kind of a satire or your are serious. Do you have any knowledge of Stocks? :(:13:

What is a Stock? A;; I know that for that richest guy, $32 sounds way too low.

please direct all stock related question to brother Aasif Ameer. He knows everything

Bill Gates bank balance = $72B
My bank balance: $72
he justhave an extra B in it lol
 

Raaz

(50k+ posts) بابائے فورم
Currently he has almost nothing to do with Microsoft.
yes I know , and right now so many operating systems are there , which r better than this crap....

Still he has the legacy.... I am sure he is jew.
 

Pak1stani

Prime Minister (20k+ posts)
Increase in Mkt Cap of Google over past year is understandable. I am just surprised what has caused increase in MSFT mkt cap. with almost near failed launch of Surface, not major success with Window phone, not very impressive performance of Bing and normal sales of of office and windows


Goog & MSFT almost have the same market cap considering the volatility.

Share prices are for the kids to feel happy. Grown ups look at the market cap, liability & growth trend.
 

Raaz

(50k+ posts) بابائے فورم
MSFT doesnt make much on the OS. Its primary bread n butter is from Software Suites and Corporate Licenses.

You should try Open source. Try Ubuntu or Debian.

Suits , which works on windos only.

yes it is true...

ut still more than 100 $ OS and same as offoce.... any reason for this price
 

Raaz

(50k+ posts) بابائے فورم
Aap fikar na karain, Pakistan main bohot se looh hacked karte hain software ko, even Linux be hacked milta hai. Kam az Kam Bill Gates Pakistanion ki wajah se to amir nahin hua.
Aap ne viruses ke bhe baat ke woh bhi pakistanion ke he ijadat hai.

kion , hmari qismat men chori hi rah gai he kia???

and hacked system does not work properly....
 
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