(Forbes 400, Richest Americans ranking updated for Facebook Founder Zuckerberg charity plants)
NEW YORK (TheStreet) -- The richest Americans are getting richer, according to the latest release of the Forbes ranking of the 400 richest Americans.
At a combined wealth of $1.37 trillion, the 400 richest Americans saw their wealth increase by 8% over last year. The wealth level needed to make the Forbes 400 also pushed back above $1 billion; it had fallen below $1 billion in 2009 for first time since 2006.
Not that the richest Americans don't still have some work left to do in becoming even filthier rich: The 8% increase in 2010 still left the group below the total in 2008 ($1.57 trillion) and 2007 ($1.54 trillion).No surprise at the top of the list, Bill Gates of Microsoft (MSFT) in the No. 1 spot with a net worth of $54 billion, and Warren Buffett of Berkshire Hathaway (BRK.B) at No. 2 among America's richest, with wealth estimated at $45 billion. Gates and Buffett have been on a big charitable giving drive this year to convince billionaires to commit a majority of their fortunes to charity.
(ORCL) and Michael Bloomberg have made the Buffett/Gates charitable pledge. Ellison is No. 3 on the Forbes 400, with an estimated wealth of $27 billion. Bloomberg rounded out the Forbes 400 Top 10 with an estimated wealth of $18 billion. There are two notable families represented in the Forbes 400 Top Ten that aren't part of the Buffett/Gates group, though they are big charitable donors. The Walton heirs of Wal-Mart (WMT) fame claimed four of the Top 10 spots on the Forbes 400, with a combined wealth of $84 billion. The Koch brothers, Charles and David, of privately held Koch Industries, have a combined wealth of $43 billion and tied for fifth on the Forbes 400. The most notable of the moves up among the richest was Facebook founder Mark Zuckerberg, whose wealth increased by 245%, the largest of any of the 400 Richest Americans. Zuckerberg was 35th on the list with a wealth estimated at $6.9 billion, with the social media mogul finishing ahead of old media mogul Rupert Murdoch of News Corp. (NWSA), who was at No. 38 with an estimated wealth of $6.2 billion.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV