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Bill Gates is the richest American for 20th-year: Forbes

Warren Buffett, the head of Berkshire Hathaway, retained his second position with networth of $58.5 billion

September 17, 2013 12:11 IST | India Infoline News Service
Microsoft founder Bill Gates is the richest American for the 20th year in a row with a networth of $72 billion, according to Forbes's annual list of the top 400 richest Americans released on Monday.

Warren Buffett, the head of Berkshire Hathaway, retained his second position with networth of $58.5 billion, while Oracle co-founder Larry Ellison stayed third with networth of $41 billion.

Brothers Charles and David Koch, co-owners of Koch Industries, stood fourth with $36 billion each.

Wal-Mart heirs Christy Walton, Jim Walton, Alice Walton and S. Robson Walton took the next three spots, with holdings ranging from $US33.3 billion to $US35.4 billion.

New York City Mayor Michael Bloomberg, the founder of the eponymous financial information company, rounds out the top 10 with $US31 billion.

Facebook’s Mark Zuckerberg’s is ranked 20th in the list, while Elon Musk, founder and CEO of SpaceX now worth $6.7 billion, is ranked 61st.

According to Forbes, the 400 people on the annual list posted a combined net worth of $2 trillion, up from $US1.7 trillion a year ago.

Every year Forbes crunches the net worth of each American billionaire to see who can claim the privilege of making the exclusive Forbes 400 list.


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