[nasional_list] [ppiindia] America now has 400 billionaires: Forbes

From: "Ambon" <sea@xxxxxxxxxx>
To: <"Undisclosed-Recipient:;"@freelists.org>
Date: Fri, 22 Sep 2006 12:12:58 +0200
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      America now has 400 billionaires: Forbes
      AP
      22sep06

      THESE days, it takes a billion - at least. For the first time, Forbes 
magazine's list of the 400 richest Americans consists exclusively of people 
worth $US1 billion ($1.32 billion) or more.


      As a group, the people who made the rankings released Thursday are worth 
a record $US1.25 trillion ($1.65 trillion), compared to $US1.13 trillion ($1.49 
trillion) last year. 

      In the billionaire-athon, casino magnate Sheldon Adelson pole-vaulted to 
third from fifteenth in last year's ranking, finishing behind the mainstays at 
one and two, Microsoft founder Bill Gates and Warren Buffett of Berkshire 
Hathaway.

      Adelson is now estimated to have $US20.5 billion ($27.12 billion), 
Buffett $US46 billion ($60.85 billion) and Gates $US53 billion ($70.11 
billion). 

      Gates has held the number one spot for the last 13 years while Buffett 
has been No. 2 every year since 1994 except 2000, when Larry Ellison of Oracle 
Corp. held that spot.

      Adelson's expanding net worth is related in no small part to his decision 
to open a casino two years ago on the island of Macau, an emerging gambling 
haven off the southeastern coast of China. 

      Profits are growing rapidly thanks to the Las Vegas Sands' Macau casino. 
Adelson personally and through family trusts controls 70 per cent of the 
company, Las Vegas Sands spokesman Ron Reese said. 

      Forbes estimates Adelson earned about $US1 million ($1.32 million) an 
hour over the past two years. 

      In the second quarter alone, the Sands Macau property saw net revenue 
jump to $US310.4 million ($410.61 million), up from $US205.1 million ($271.31 
million) a year ago. 

      To tap the demand from gamblers in Asia going forward, the Sands Corp 
plans a second property on Macau and a casino in Singapore. 

      The two Google Inc. founders were also big earners. Sergey Brin and Larry 
Page gained about $US13 million ($17.2 million) a day over the last two years, 
according to Forbes. That puts them in 12th and 13th place, up from a tie at 
16th place last year.

      Page and Brin also share the distinction of being, at 33 years old, the 
two youngest people on the list and two of only eight who are younger than 40. 

      The list was led off by technologists, such as Gates, Microsoft 
co-founder Paul Allen, Dell Inc.'s Michael Dell and Ellison, and rounded out by 
five members of the Walton clan who have fortunes amassed from sales by the 
world's largest retailer. 

      Ellison, with $US19.5 billion ($A25.8 billion), moved to fourth place 
from fifth, while Allen, last year's number three, was fifth this year with 
$US16 billion ($21.17 billion). Dell fell to a tie at ninth place from fourth 
in last year's list; he is worth $US15.5 billion ($20.5 billion). 

      Adelson's ascension knocks Helen Walton, the wife of Wal-Mart Stores Inc. 
founder Sam Walton, into 11th place with a net worth of $US15.3 billion ($20.24 
billion). 

      Her children, Jim, S. Robson and Alice, and Christy Walton, the widow of 
her son John, ranked in the bottom half of the top 10 this year. Each was worth 
between $US15.5 billion ($20.5 billion) and $US15.7 billion ($20.77 billion), 
Forbes reported. 

      The biggest number of people on the list live in California, which houses 
90 of the 400, and another 44 live in New York City.
     


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[nasional_list] [ppiindia] America now has 400 billionaires: Forbes

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