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(PHOTOS) Top 10 Richest Americans – 2011




Forbes Magazine recently released its annual Top 400 list of the Richest Americans and, according to them, the combined net worth of these wealthy United States citizens amounts to $1.53 trillion.

Now here’s what this figure means: the total wealth of the 400 richest Americans is almost equivalent to the Gross Domestic Product (GDP) of one country alone, that is, Canada, the 9th largest economy in the world.

Philippines GDP = Wealth of Top 5 Richest Americans

What’s more surprising, the total net worth of the 400 richest Americans is even bigger than the GDP of 138 countries combined. Whoa.

The Philippines, for example, has a GDP of only $189.1 billion, roughly the same as the combined net worth of the Top 5 Richest Americans — Bill Gates, Warren Buffett, Larry Ellison, Charles Koch and David Koch. How’s that for power?

Social Media Billionaires – Facebook, LinkedIn, Zynga

In a separate note, founders of social networking sites have started to penetrate the Forbes Top 400 list. Mark Zuckerberg, creator of Facebook, is ranked No. 14 with a net worth of $17.5 billion. He is ranked a notch higher than the founders of Google, Sergey Brin and Larry Page, who each have a fortune of $16.7 billion.

Aside from Zuckerberg, other billionaires from Facebook include co-founder Dustin Moskovitz (#91; $3.5 billion) and investor Sean Parker (#200; $2.1 billion).

Also in the list are Mark Pincus (#212; $2.0 billion), founder of online games company Zynga and Reid Hoffman (#293; $1.5 billion), co-founder of professional networking site LinkedIn.

Top 10 Richest Americans

The ten Americans with the biggest net worth in 2011 are as follows.

#1. Bill Gates

Net Worth: $59.0 billion
Age: 55
Fortune: Self made
Source: Microsoft
Country of Citizenship: United States
Residence: Medina, Washington, USA
Industry: Software
Marital Status: Married, 3 children
Education: Dropout, Harvard University

Only one-fourth of Bill Gates’ fortune are in Microsoft, the rest are in global stocks, bonds, and private companies. He has already donated more than $28 billion to charity through his Bill and Melinda Gates Foundation. Together with Rich American #2 Warren Buffett, they convinced more than 70 richest people in the world to join the “Giving Pledge,” a non-binding decision to donate majority of their fortunes to charity during their lifetime or upon their death.

#2. Warren Buffett

Net Worth: $39.0 billion
Age: 81
Fortune: Self made
Source: Berkshire Hathaway
Country Of Citizenship: United States
Residence: Omaha, Nebraska, USA
Industry: Investments
Marital Status: widowed, remarried, 3 children
Education: MS, Columbia University; BA/BS, University of Nebraska Lincoln

Warren Buffett recently made headlines when he proposed the government tax rich people like him more. The Obama administration, in an effort to reduce its growing deficit, has since picked it up and proposed to Congress the “Buffett Tax Rule,” a tax measure meant to increase taxes for people earning more than $1 million. In August 2011, Buffett invested $5 billion in Bank of America, similar to what he did to Goldman Sachs during the credit crisis. His net worth has fallen to $39 billion after donating most of his fortunes to charity and due to the 10% decline of his Berkshire Hathaway stock.

#3. Larry Ellison

Net Worth: $33.0 billion
Age: 67
Fortune: Self-made
Source: Oracle
Country of Citizenship: United States
Residence: Woodside, California, USA
Marital Status: Thrice divorced, remarried; two children
Education: Dropout, University of Chicago; Dropout, University of Illinois at Urbana

The CEO of Oracle is currently fighting several corporate lawsuits, including alleged copyright infringement versus German software firm SAP and versus Hewlett-Packard (HP) over Ellison’s recruitment of a former HP executive. The Oracle stock is still up 15% though compared to last year.

#4. Charles Koch

Net Worth: $25.0 billion
Age: 75
Fortune: Diversified
Source: Koch Industries
Country of Citizenship: United States
Residence: Wichita, Kansas
Marital Status: Married, two children
Education: Massachusetts Institute of Technology

Charles Koch is CEO of Koch Industries, the second largest private company in the US with sales reaching $100 billion. Together with brother David, they have a combined 84% stake in the company that is currently involved in pipelines, refineries, fertilizer, fibers and polymers, forest and consumer products, chemical technology. Koch is a major political contributor to the Republican National Committee (RNC).

#5. David Koch


Net Worth: $25.0 billion
Age: 71
Fortune: Diversified
Source: Koch Industries
Country of Citizenship: United States
Residence: New York, NY
Marital Status: Married; three children
Education: Massachusetts Institute of Technology

David Koch is the richest resident of New York City. He gets his wealth from his 42% stake as vice president of Koch Industries while his brother, Charles, owns the other 42%. Also, like his brother, David is a major political contributor to the RNC.

#6. Christy Walton and family

Net Worth: $24.5 billion
Age: 56
Fortune: Inherited
Source: Wal-mart
Country of Citizenship: United States
Residence: Jackson, Wyoming, USA
Marital Status: Widow, one child

The world’s richest woman, Christy Walton is a widow who got her wealth from husband John Walton who inherited the Wal-Mart empire from father Sam Walton. In 2010 alone, Walton received dividends from Wal-Mart amounting to $300 million.

#7. George Soros

Net Worth: $22.0 billion
Age: 81
Fortune: Hedge fund, Self-made
Source: Soros Fund Management
Country of Citizenship: United States
Residence: Katonah, New York
Marital Status: Divorced, five children
Education: London School of Economics

George Soros is best known for “breaking” the Bank of England in 1992. He is said to have earned $1 billion in one day when he shorted England’s currency and the Bank of England stopped fixing exchange rate. He is Chairman of his hedge fund, Soros Fund Management.

#8. Sheldon Adelson

Net Worth: $21.5 billion
Age: 78
Fortune: Casinos, Self-made
Source: Las Vegas Sands Corp.
Country of Citizenship: United States
Residence: Las Vegas, Nevada
Marital Status: Married, five children
Education: Dropout, City College of New York

Son of a taxi cab driver, Sheldon Adelson worked as a mortgage broker, investment adviser and financial consultant. Now dubbed as the Casino King, Adelson owns Las Vegas Sands Corp. which operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and Sands Expo and Convention Center all in Las Vegas, Nevada and the newly-opened Marina Bay Sands in Singapore and 3 other casino resorts in Macau.

#9. Jim Walton

Net Worth: $21.1 billion
Age: 63
Fortune: Inherited
Source: Wal-Mart
Country of Citizenship: United States
Residence: Bentonville, Arkansas
Marital Status: Married, four children
Education: BA/BS, University of Arkansas

James “Jim” Walton is the youngest son of Wal-Mart founder Sam Walton. He is currently Chairman of Arvest Bank which has branches in Arkansas, Kansas, Oklahoma, and Missouri. His shares in Wal-Mart earned him $300 million in dividend payouts last year.

#10. Alice Walton

Net Worth: $20.9 billion
Age: 61
Fortune: Inherited
Source: Wal-Mart
Country of Citizenship: United States
Residence: Fortworth, Texas
Marital Status: Married, four children
Education: BA/BS, Trinity University

Heiress to the Wal-Mart fortune, she is the daughter of founder Sam Walton. She is a collector of art and in November 2011, she is set to open the Crystal Bridges Museum of American Art in Bentonville, Arkansas which will house various collections of American art from colonial time to the present.

Source: Forbes

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3 thoughts on “(PHOTOS) Top 10 Richest Americans – 2011”

  1. Promodizer says:

    I woll be the 11th..after 100 years. hahaha

  2. Invest in Your Future says:

    Elizabeth Warren has a very good point about the rich in America. I think her statements are applicable in the Philippines as well. Check out what she has to say in this photo…¬†http://3.bp.blogspot.com/-UQF0AF8uuRQ/Tn4Xx7r4kDI/AAAAAAAAAwo/ZsuwVnRleEo/s1600/Warren-LARGE.jpg

  3. Gretta Bobst says:

    My dream retirement would involve a pleasant log cabin in the mountains. Who needs a beach?

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