Richest Americans Get Richer: Forbes 400
Zuckerberg will reportedly be donating some of his massive and suddenly acquired fortune to charity. There were various press reports on Thursday that the Facebook founder would be making a $100 million donation to the Newark, New Jersey public school system -- which is under serious financial strain -- and that the donation would be the beginning of a major charitable campaign by Zuckerberg focused on education. A donation from Zuckerberg of $100 million would represent a little more than 10% of Newark's budget.
Zuckerberg wasn't the only Facebook luminary in the Forbes 400. Dustin Moskovitz, who is no longer with the social media site but retains a Facebook stake worth $1.4 billion, and Facebook co-founder Eduardo Saverin, with an estimated wealth of $1.15 billion, were No. 290 and No. 356 on the Forbes 400, respectively. Moskovitz, at 26, was the youngest member of the Forbes 400.
Wal-Mart heirs Christy and Alice Walton were the only woman to break the Top 10 in the Forbes 400. The next richest woman on the list was Anne Cox Chambers of Cox Enterprises, at No. 19 with an estimated wealth of $12.5 billion. The only other woman in the Top 50 of the Forbes 400 was Abigail Johnson of Fidelity Investments, at No. 22 with a fortune of $11.3 billion.
Some notable disappearances from the ranks of the Forbes 400 were hedge fund manger Raj Rajaratnam of Galleon Group, now facing 185 years in prison, and the rags-to-riches cab driver turned real estate mogul Tamir Sapir, now facing multiple creditor lawsuits. --Written by Eric Rosenbaum in New York.>To contact the writer of this article, click here: NAME.
>To follow the writer on Twitter, go to http://twitter.com/erprose. >To submit a news tip, send an email to: tips@thestreet.com.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
