Bill Gates Is America’s Richest Man for 20th Straight Year

by Christopher Freeburn | September 16, 2013 10:47 am

Bill Gates Is America’s Richest Man for 20th Straight Year

Bill Gates Bill Gates Is Americas Richest Man for 20th Straight Year[1]Forbes has released its annual ranking of the 400 wealthiest Americans and a familiar name is at the top[2], again.

Microsoft (MSFT[3]) co-founder Bill Gates retains his title as the richest man in America with a fortune estimated at $72 billion. This year marks the 20th consecutive year that the tech mogul turned international philanthropist has held the title, the Associated Press notes.

Following Gates is Berkshire Hathaway‘s (BRK.A[4], BRK.B[5]) iconic investor Warren Buffett, who is worth about $58.5 billion. Coming in third is Oracle (ORCL[6]) CEO Larry Ellison with $41 billion. Charles and David Koch tied for fourth place again, each worth an estimated $36 billion.

Outgoing New York City mayor Michael Bloomberg was ranked as the tenth richest man in the U.S. with a personal fortune of $31 billion.

The combined net worth of the super-rich on the Forbes list totals about $2 trillion. That marks a gain from just $1.7 trillion last year. The overwhelming majority of list members saw their fortunes grow over the past year, though 30 saw their wealth drop.

In July, Buffett donated $2 billion to the Bill and Melinda Gates Foundation[7], topping his previous year’s donation of $1.8 billion.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2010/11/Bill_Gates.jpg
  2. a familiar name is at the top: http://hosted.ap.org/dynamic/stories/U/US_FORBES_LIST?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-09-16-08-31-48
  3. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  4. BRK.A: http://studio-5.financialcontent.com/investplace/quote?Symbol=BRK.A
  5. BRK.B: http://studio-5.financialcontent.com/investplace/quote?Symbol=BRK.B
  6. ORCL: http://studio-5.financialcontent.com/investplace/quote?Symbol=ORCL
  7. $2 billion to the Bill and Melinda Gates Foundation: http://investorplace.com/2013/07/warren-buffett-makes-enormous-donation-to-gates-foundation/

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