Wednesday, October 04, 2006

America’s Top Ten

Forbes magazine’s latest list of richie-rich Americans is out, and there’s good cheer all around. For starters, this year, for the very first time since the rankings started, just about everyone in The Forbes 400 (of wealthiest Americans) has at least $1 billion in their booty. What’s more, the total net worth of America’s richest has climbed up the value chain: all the way to $1.25 trillion, up $120 billion from last year. And here’re the usual suspects: starting out at the top is, obviously, Microsoft’s Bill Gates (no surprises there – whenever someone tries to take over the numero uno position, Bill has a way of nudging the other person out!) with $53 billion. Next in line is value investor Warren Buffet, with $46 billion in his kitty (of course most of it will be given away to the Melinda and Bill Gates Foundation!).

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Source:- IIPM Editorial

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