The Forbes 400 is out again and for the first time everyone on the list is a billionaire. Net worth of the entire list is 1.25 trillion. I noticed that the 4 of the top 5 are college dropouts. Warren Buffett is the one with the degree. I guess this means that there’s hope for the college-kids-who-shall-not-be-named.
Top 10 Net worth, in $Billion
William Henry Gates III, 53.0, Microsoft
Warren Edward Buffett, 46.0, Berkshire Hathaway
Sheldon Adelson, 20.5, casinos, hotels
Lawrence Joseph Ellison, 19.5, Oracle
Paul Gardner Allen, 16.0, Microsoft, investments
Jim C Walton, 15.7, Wal-Mart
Christy Walton & family, 15.6, Wal-Mart inheritance
S Robson Walton, 15.6, Wal-Mart
Michael Dell, 15.5, Dell
Alice L Walton, 15.5, Wal-Mart
Juanita Garcia, 0.00000000001, investments? (I wish)
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Wal-Mart, Wal-Mart, Wal-Mart? Scary.
Yeah, it’s been like that since Sam Walton died.
I was amused to see that Martha Stewart dropped from the list as she lost over $300 million last year. Can you imagine LOOSING $300 million, I cant even imagine HAVING $300 million to loose!
and what did it say that Adelson was makings omething like $1 million an hour last year and helped push him to the top of the list.
$1 million an hour!!!!!!
What do these people do with ALL that money??
There is a trend nowadays with philanthropy. There’s the Bill and Melinda Gates Foundation, which now has over $60 billion thanks to Gates and Buffett. There’s also the Clinton Global Initiatives.. Richard Branson pledged $3 billion to fight global warming. They are the present-day Carneiges and Rockefellers. At least they’re putting it to good use.
What do they do with money?? They spend on designer clothing (like $10,000 worth a Hermes handbag),Benzes and/or Mercedes, private jets, super-luxury yachts, more than two big houses and even an island! They spend a thousand of dollars per night at a luxury hotel when they travel!! How lucky them!! But money won’t buy you happiness!
I agree. Money doesn’t buy you happiness but it gives you a hell of a lot more choices in life though.
It buys you security, which equates happiness for many.
It also complicates relationships, especially between the haves and have-nots.
For those who say, “Money won’t buy you happiness”…I always respond with, “I’d like to find out for myself, thank you.”
What makes me happy is having enough money that I don’t have to worry about money. I mean I am happy when I have enough money to pay my bills, food, etc. but I dont care about having a lot of money and luxury things. i just want to be happy. So, no, money doesn’t make me happy, but it allows me to experience life in a way that makes me happy.
Imelda Marcos once said, “whoever said money can’t buy happiness, doesn’t know where to shop.”
Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter.
and they forgot to add me up on there just for bein a forbes!
Also - Warren Buffett is giving away his money. The ironic thing is - he’s giving it to Gates to give away. The #2 richest man in America is in effect giving most of his money to the #1 richest man.
When you’re that rich, the money becomes obscene, and its next to impossible to spend it. I’ve read stories about Paul Allens prolific spending - this is a guy who has not one but TWO yachts, the most recent of which cost close to $400 million, has not one but TWO helicopters, among many other extravagant features. This is a guy who likes to indulge.
Ellison once bought an F-14 if I recall - cuz he liked to fly, and got bored of his G-IV.
And the ironic thing is, when the list was started in 1982, just to make the list, you needed a net worth of around $80 million if I recall right. Can’t find a link to verify it though I do remember reading it somewhere.