“One billion dollars in no longer enough. The price of admission to this, the 25th anniversary edition of the Forbes 400, is $1.3 billion, up $300 million from last year. The collective net worth of the nation’s mightiest plutocrats rose $290 billion to $1.54 trillion,” Forbes reports.
Forbes’ list of the 400 richest Americans includes:
1. William Gates III – $59.0 billion
2. Warren Buffett – $52.0 billion
3. Sheldon Adelson – $28.0 billion
4. Lawrence Ellison – $26.0 billion
5. Sergey Brin – $18.5 billion
5. Larry Page – $18.5 billion
7. Kirk Kerkorian – $18.0 billion
8. Michael Dell – $17.2 billion
9. Charles Koch – $17.0 billion
9. David Koch – $17.0 billion
11. Paul Allen – $16.8 billion
…
16. Steven Ballmer – $15.2 billion
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35. Jeffrey Bezos – $8.7 billion
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48. Eric Schmidt – $6.5 billion
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56. Steven Jobs – $5.7 billion: Hailed as “igod” on magazine cover for advent of iPhone—slickest, most-hyped gadget ever. Black-clad digi-god suddenly a Dark Angel falling to earth. His creation sells a million units in 10 weeks at $600; instant $200 price cut riles disciples. Gets Tinseltown takedown when he tries to muscle Hollywood as he did music biz; NBC Universal pulls shows from iTunes. Result: iFlop for Apple TV. Specter of options backdating still hangs; SEC stops at CFO, new ex-pal Fred Anderson—who blames Jobs. New novel by “FakeSteve” (a FORBES writer) depicts him as narcissistic jerk. Options due in October. Adopted by working-class couple, drops out of Reed College, founds Apple in proverbial garage. Fired 1985. Best revenge: One year later he buys Pixar graphics startup from Star Wars creator George Lucas for $10 million. Sells it to Disney 20 years later for $7.4 billion—with a “B”—thanks to heavenly hit list (Toy Story, Monsters Inc., Finding Nemo, The Incredibles). In interim had second coming at Apple 1996. Now Mickey’s largest individual holder, 6.7% stake worth $4.6 billion—6 times more than the value of his 0.6% bite of Apple. Never mind the setbacks. Still coolest tech superstar ever.
…
68. Gordon Moore – $4.5 billion
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76. Henry Ross Perot – $4.4 billion
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86. George Lucas – $3.9 billion
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117. Steven Spielberg – $3.0 billion
117. Donald Trump – $3.0 billion
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149. Ray Dolby – $2.7 billion
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161. Mark Cuban – $2.6 billion
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261. Jerry Yang – $1.9 billion
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271. Theodore Waitt – $1.8 billion
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361. Roy Disney – $1.4 billion
Full article here.
[Thanks to MacDailyNews Reader “justified” for the heads up.]
Reading through the bios of the 400 richest, we had the same question as MacDailyNews reader “justified” who asked via email, “Why is only Steven P. Jobs’ bio sensationalized with “Forbes writer(s) take as many jabs as possible in the 116 editorialized words before getting to the actual bio?”
Good question.
One hundred billion dollars!!!
It’s amazing how far down the list Steve is considering how much of an effect he’s had on our lives in various ways.
Most of what he uses to rip Apple and Steve Jobs are just half-assed truths.
“instant $200 price cut riles disciples.”
Yeah, and a $100 coupon keeps everyone happy.
“Tinseltown takedown when he tries to muscle Hollywood as he did music biz”
Uhhhh, did I miss something here? Is NBC pulling out what he is talking about? Hardly a “takedown”.
MDN is right – sensationalist journalism.
Sensationalist Journalism.
It becomes really apparent when you read through the other bios, which read like abbreviated stat sheets.
How the hell did MDN know what “justified” was going to say two hours before he/she posted it?
For anyone who wonders why Forbes sticks the hatchet in Steve Jobs, then read this excellent commentary by Daniel Eran Dilger at RDM Tech regarding Daniel Lyons AKA “Fake Steve Jobs” Who was, while masquerading as FSJ, employed by Forbes, and still is, the utter cocksucker.
RDM Tech
I heartily recommend that everyone reads the “SCO, Linux, and Microsoft in the History of OS” and all the other articles as well. Heck, in fact it should be part of the school syllabus.
Surely after 1 billion it can’t possibly make any difference how many more are added?
I would say that of many of the people on the list, the least ostentatious has to be Jobs. All his publicity revolves around Apple, not his activities with charities, yachts, superstars, sport etc etc..
Seems to me that Steve gets the personal atention because he is a personality with a relatively well know public face. Most of the rest a re relatively unknowns. Of that list of four hundred, how many of them are nearly household names. Most of them are unknowns. Steven is much easier to poke fun at because we know him.
R2,
“justified” noted the discrepancy between the bio of Steve Jobs vs. the bios of the rest of the billionaires on the list and posed the question to us when he/she emailed the Forbes 400 link to us.
I would like to see how much each of these billionaires gives to charity and worthy causes…rather than how much they are ‘worth’.
Needless to say…money does not determine true worth.
That is your Tao lesson for today class.
R2 – ‘How the hell did MDN know what “justified” was going to say two hours before he/she posted it?’
Did you read who submitted the article to MDN? Maybe, just maybe, “justified” made some comments when pointing out the article to MDN. Wow, could we think before we submit folks. I for one would like the world to think that Mac users are not just a bunch of conspiracy theorist, wack-jobs.
“I would like to see how much each of these billionaires gives to charity and worthy causes…rather than how much they are ‘worth’.”
In other words…. How much money billionaires flush down the toliet..?? Very little, most are smart enough to know that money sent to most charity is a complete waste. That is one of the main reason they prosper, they know where cash will work, and where it is wasted. Gates and Buffet can flush money away now for public opinion, but still only very small percentage. Charites get the bulk of their cash from fools who really think sending money to the March of dimes will help someone. 90% of money sent to March of dimes is used to send out more requests for more money.
MDN word “young” as in only the young and foolish
“Most of what he uses to rip Apple and Steve Jobs are just half-assed truths.”
Imagine his unspeakable powers if he wielded total butt.
The guy just wants to maintain the value of the crap in his portfolio the only way he can…. he didn’t buy any Apple shares and has nightmares about it – when he is able to fall asleep.
Forbes does seem to be snottily negative about Jobs — especially compared to Ballmer’s bio at #16, which describes Vista reviews as merely “mixed” and peddles Ballmer’s cockeyed optimism in the face of a stock price that’s “down 50% on his watch since 2000 (but up 13% in past 12 months).”
That’s right, folks…down 50 PERCENT on his watch.
Methnks Forbes is confused about which Steve is the “Dark Angel falling to Earth” here.
Shut your holes, dab2. MDN didn’t have the “thank you” addendum until after I asked the question. That’s why they bothered to respond to me.
You’re jealous that MDN never addressed you directly in comments, and rightfully so.
Anyone ever whacked a mole? She was lovely!!! She could have done with a larger pair of Camel’s Milk Jugs!!!!!!
Bill gates is no longer the Richest American, it is Carlos Slim, Mexico, Argentina, Guatemala, Brazil, Canada, etc, all those countries are in AMERICA, no t just the USA.
@Patrick,
Richest American or richest in America?
Those people would be Mexicans, Argentinians, Guatamalans, Brazilians, and Canadians. The may live on an American continent, but none of them would likely claim to be American.
The Forbes 400 or 400 Richest Americans (first published in 1982) is a list published by Forbes Magazine magazine of the wealthiest 400 Americans, ranked by net worth. The list is published annually in September. In 2007, the combined wealth of the 400 was $1.54 trillion, and all of the members of the list were billionaires. The minimum to make the list in 2007 was $1.3 billion.
The 25th anniversary edition has 45 new members including hedge fund manager John Paulson, the Carlyle Group’s David Rubenstein and oil and gas tycoon Harold Hamm.
The Forbes 400 is currently edited by Matthew Miller, who succeeded Peter Newcomb in 2006.
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