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Forbes Releases list of the 400 Richest Americans this year
Posted on 9/29/15 at 9:47 am
Posted on 9/29/15 at 9:47 am
quote:
Surging tech stocks upended ranks near the stratosphere of The Forbes 400 list of the Richest Americans this year. Amazon.com CEO Jeff Bezos and Facebook CEO Mark Zuckerberg both zoomed into the top 10 richest for the first time. Bezos, the biggest gainer on the list, up $16.5 billion in one year, is now the fourth richest American, worth $47 billion. Zuckerberg is number seven, with a net worth of $40.3 billion. A rise in Nike shares lifted founder Phil Knight, age 77, back into the top 20 for the first time in 18 years.
It was harder than ever to join The 400. The price of entry this year was $1.7 billion, the highest it’s been in the 33 years that Forbes has tracked American wealth. Last year it took $1.55 billion to make the cut. Because the bar is so high, 145 U.S. billionaires missed the list.
Bill Gates is the richest American for the 22nd year in a row, with a net worth of $76 billion. His stake in Microsoft, which he cofounded 40 years ago, now accounts for just under 13% of his fortune. His friend Warren Buffett, chief executive of Berkshire Hathaway, occupies the number two spot on The 400 (he’s been ensconced there since 2001), with a net worth of $62 billion. Larry Ellison, chairman of business software firm Oracle, comes in at number three, with a net worth of $47.5 billion.
In percentage terms, Travis Kalanick, founder of ride-hailing service Uber, gained the most, doubling his fortune since last year to $6 billion. Investors have valued Uber – which has faced plenty of controversy around the world – at more than $50 billion.
There are 25 newcomers to The Forbes 400, including Evan Spiegel, the youngest person in the ranks, and the youngest billionaire in the world. Just 25 years old, the Stanford University graduate cofounded mobile messaging app SnapChat with Bobby Murphy, just 27 and also a newcomer. Snapchat has been valued by investors at $16 billion. Other newcomers include private equity titan Robert Smith, the second-richest African-American, after Oprah Winfrey; and the three cofounders of rental-accommodations service Airbnb: Nathan Blecharczyk, Brian Chesky and Joe Gebbia.
Altogether the 400 wealthiest Americans are worth $2.34 trillion, up $50 billion from a year ago. The average net worth of list members is $5.8 billion, $100 million more than last year and a record high. About half – 202 of the 400 – are worth more now than they were a year ago, while 119 people from last year’s list had lower net worths this year. Thirty-five people fell off the list, either because their fortunes dropped or they couldn’t keep up with the rest.
quote:
Top 10
1. Bill Gates - Microsoft
2. Warren Buffet - Berkshire Hathaway
3. Larry Ellison - Oracle
4. Jeff Bezos – Amazon
5. Charles Koch - Koch Industries
6. David Koch - Koch Industries
7. Mark Zuckerberg - Facebook
8. Michael Bloomberg
9. Jim Walton - Wal Mart
10. Larry Page -Google
LINK
Posted on 9/29/15 at 9:51 am to RLDSC FAN
quote:
Evan Spiegel, the youngest person in the ranks, and the youngest billionaire in the world. Just 25 years old, the Stanford University graduate cofounded mobile messaging app SnapChat with Bobby Murphy, just 27 and also a newcomer. Snapchat has been valued by investors at $16 billion.
How? A fool and his money are soon parted.
Posted on 9/29/15 at 10:12 am to slackster
He needs to bring that butch public and cash in on the bubble.
Posted on 9/29/15 at 10:19 am to slackster
He needs to bring that butch public and cash in on the bubble.
Posted on 9/29/15 at 10:20 am to RLDSC FAN
quote:
Forbes Releases list of the 400 Richest Americans this year
Triggered. "Americans" should mean both the CONTINENTS of North America and South America.
Posted on 9/29/15 at 10:31 am to slackster
quote:
Snapchat has been valued by investors at $16 billion.
I have never understood snapchats valuation. That kid needs to either sell his company or go public because it's heading in the direction of twitter where there's limited monetization possibilities of his product. Once it's flooded with advertisements I don't think kids are going to use it anymore.
Posted on 9/29/15 at 10:45 am to wutangfinancial
yeah cannot see snap chat being much more than it is.
Posted on 9/29/15 at 10:50 am to cjared036
I can't see the $50B valuation of uber either. It's essentially a taxi service via an app. They don't offer anything proprietary, and the barriers to entry (I realize they've met opposition) are next to nothing. Anyone can start a company with their business model.
Posted on 9/29/15 at 10:51 am to wutangfinancial
quote:
That kid needs to either sell his company or go public because it's heading in the direction of twitter where there's limited monetization possibilities of his product.
Exactly. Twitter's market cap is 17.3B. As ridiculous as that is, how can you possibly justify a 16B valuation for Snapchat?
Snapchat is valued at a little more than 1/5th the value of American Express, and more than 16th the value of McDonalds.
Posted on 9/29/15 at 10:58 am to GoldenD
quote:
I can't see the $50B valuation of uber either. It's essentially a taxi service via an app. They don't offer anything proprietary, and the barriers to entry (I realize they've met opposition) are next to nothing. Anyone can start a company with their business model.
I can see the hesitancy on the SnapChat valuation, though I must say if Jack Ma is making that call, I would tend to trust him.
Uber, however, has a ton of advantages...they were clearly first (or at least the biggest of the first) movers, they have a huge infrastructure in place, a significant brand at this point, have figured out their way through legal barriers of entry (a major hurdle that most can't/won't do), etc, etc.
It is not easily replicated by any means. It may have been two or three years ago, but not now.
Posted on 9/29/15 at 11:02 am to AbuTheMonkey
there has been talk about Uber entering the shipping business too. that could be huge.
replace the UPS store with a truck that comes to you and picks up your item for you. weighs/processes the shipment there.
replace the UPS store with a truck that comes to you and picks up your item for you. weighs/processes the shipment there.
Posted on 9/29/15 at 11:14 am to cjared036
quote:It could be, but it needs to be more regulated than it is. I can see tons of possibilities where people's shite gets stolen
there has been talk about Uber entering the shipping business too. that could be huge.
replace the UPS store with a truck that comes to you and picks up your item for you. weighs/processes the shipment there
Posted on 9/29/15 at 11:36 am to RLDSC FAN
I work for one of those persons in the top ten.
Oh wait that makes me pathetic...
Oh wait that makes me pathetic...
This post was edited on 9/29/15 at 11:37 am
Posted on 9/29/15 at 11:37 am to slackster
quote:
Evan Spiegel, the youngest person in the ranks, and the youngest billionaire in the world. Just 25 years old, the Stanford University graduate cofounded mobile messaging app SnapChat with Bobby Murphy, just 27 and also a newcomer. Snapchat has been valued by investors at $16 billion.
How? A fool and his money are soon parted.
Same with Uber. These late-state VC "valuations" are smoke and mirrors and everyone knows it.
Posted on 9/29/15 at 11:40 am to RLDSC FAN
quote:
Altogether the 400 wealthiest Americans are worth $2.34 trillion
IMF GDP by nation in 2014(In Millions)
1 United States 17,418,925
2 China 10,380,380
3 Japan 4,616,335
4 Germany 3,859,547
5 United Kingdom 2,945,146
6 France 2,846,889
7 Brazil 2,353,025
8 Italy 2,147,952
9 India 2,049,501
10 Russia 1,857,461
Posted on 9/29/15 at 11:43 am to CapitalCityDevil
quote:
I work for one of those persons in the top ten.
So, how does it feel to work at Walmart?
Posted on 9/29/15 at 11:46 am to choupic
Benefits are solid.
People watching is at an all time high.
Employees tell me their stories about their previous head injuries and addiction to pain killers.
Get to sell items to sensible humans looking for the best bang for their buck.
Pretty much the greatest job ever.
People watching is at an all time high.
Employees tell me their stories about their previous head injuries and addiction to pain killers.
Get to sell items to sensible humans looking for the best bang for their buck.
Pretty much the greatest job ever.
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