Forbes List: The Rich Get Richer, and Gates Is on Top

  • Share
  • Read Later
Gus Ruelas / Reuters

Bill Gates at the Milken Institute Global Conference in Beverly Hills, Calif., May 1, 2013.

The 400 richest Americans are worth $2.02 trillion total, an all-time high that is roughly equivalent to the GDP of Russia, according to Forbes list of the richest Americans published Monday.

Bill Gates topped the list for the 20th straight year with a net worth of $72 billion, followed by investor Warren Buffett and software magnate Larry Ellison. Facebook’s Mark Zuckerberg came in at number 20, with $19 billion.

The minimum net worth to make the list was $1.3 billion, the highest threshold since 2008. Among the 20 newcomers to this year’s list are Michael Rubin, founder of online sports merchandise retailer Kynetics and part owner of the Philadelphia 76ers, and Dagmar Dolby, the wife of sound pioneer Ray Dolby, who died in September.

[Forbes]

11 comments
ScottParr
ScottParr

Gee, in spite of the socialist Obama regime the obscenely rich get richer.  I am SO surprised.

manneestm
manneestm

ujustcrazy you have absolutely no idea what life for the poor is like, to you they strive for that fix, they beg for that bottle, why?!  Because morons like you have written them off and any money that's given is just wasted, then don't give them money skip your weekly money for a safe and secure future what you give to your church thinking you're buying your way into heaven, hey buddy there is no heaven and we're living in hell.  Take somebody down get them a good meal set them up with an entry level job and place off the streets to live. You God will understand that you find donating money and time to helping out your fellow man is more important then making the Cadillac payments for your priest mistress. Sure A dollar at a time, what's it get something to ease the pain because every effort, every step to becoming a human being again gets shot down and you can only take so much pain.   Bill Gates is planning on giving away the majority of his money as is Buffett if they and lets just say several other that have the money and the know how to earn the billions again did set up a system, one with measures that if your theory was true stop funding them altogether. 99%, probably 99.999% of those thought to be lost to the streets would end up your neighbors and most likely take your job away.   devon.taig didn't just pull his facts and figures out of his @$$ like you did your take on the whole thing and the main reason why it would never come true, people like you would get financially beat down to the point where you'd be the broken one living on the streets begging for another drink to become comfortably numb!! You can only take so much pain before it starts turn off certain parts of the brain, you want to live in the world like everybody else, but everybody else is scared to even look at them because you're only a couple paychecks away from joining them.

“Yeah socialism is great isnt it?” A rose by any other name, I call it helping my brothers and sisters become human beings again. Try it, it may only bite when the next promotion comes around.

Thank's Devon.taig for the words of wisdom, maybe they won't fall on deaf ears this time!? If they do we just keep trying.

devon.taig
devon.taig

Interesting...If the 400 richest American simply became millionaires instead of multi-billionaire, there would be enough money for the poorest 44 million people to get a check for $50,000 each.  Imagine what a difference that would make in people's lives. Those fortunate 400 would still be far far wealthier than the bottom 44 million people, but suddenly the bottom group would be able to begin thinking about getting sufficient nutrition, basic health care, and even college education. 

ujustcrazy
ujustcrazy

@devon.taig Yeah socialism is great isnt it?  I mean yeah you could give all those money but how would they spend it?  How about the crack addict that is broke because they spend every cent on drugs?  Or the drunk who panhandles for enough for another 40oz? 

JohnC
JohnC

@ujustcrazy @devon.taig You are  comparing the poor crack addict with the richest400? ,...

They all broke ethical, moral or legislative  laws to get there. They're  draft dodgers and sell out their country every chance they get . Maybe look at the money trail before you start the knee-jerk socialism bashing. The loot Forbes describes that  the rich "earned" back - was by  exporting American  jobs overseas, cutting worker benefits, breaking anti-trust laws,  buying our congressman to let them frack up our environment, i.e. live by their own rules.   Since Reagan we keep  learning  what the rich do with more tax breaks, business law exemptions, bailouts, humongous CEO pay, deregulation etc. THEY DESTROY OUR JOBS AND KILL OUR PLANET.  You are worried about the money wasted by crack addicts by destroying their bodies? Ask yourself -  who does more damage to our country?

devon.taig
devon.taig

@ujustcrazy @devon.taig Surely you aren't suggesting that 400 multi-billionaires will find a better use for 2.2 trillion dollars than 44 million impoverished people would?  Are new yachts for a few better at stimulating the economy than millions of people buying groceries?  Is another Rolls Royce a more moral choice than tens of thousands of near-sighted child getting a pair of eye-glasses?  Is buying an entire Hawaiian island (Larry Ellison) better for our future than providing low cost education for the masses?

Socialism, by the way, is a "political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole" - Google definition.  I don't recall advocating for that (at least not in my post above).  What I am advocating for is a significantly more equitable distribution of wealth. Let's not forget who made the Fortunate 400 so wealthy - it wasn't those 400 people who magically produced their trillions - no, they siphoned that money from wages and wealth working Americans. 

JohnC
JohnC

@aynrand @JohnC @ujustcrazy @devon.taig aynrand thank you  for  the doped-down version of Rush Limbaugh economics 101. But If you think the richest 400 have " worked hard, taken risks, and built themselves up, then buy some MS stock. Have you even heard of the bank bailout?    Wall-Street and Mega Bankers cried your tune for years (free market  and deregulation) then when they broke even the few remaining laws, defrauded the entire planet, and busted the world economy , WE TAXPAYERS NOT ONLY BAILED THEM OUT ,....THEY PAID THEMSELVES MILLION $$$ BONUSES!  What  risk is there in that? All the money-nerd stories like Gates' are the same. When he broke all the anti-trust laws, he got a free pass - all it takes is to buy your way out with the right lawyers and to pay congress. And virtually all of them were born with the same silver spoon in their mouths. If you look  beyond the  Rush Limbaugh propaganda, you'll see it is extreme oversimplification.   Yeah maybe it is possible to buy a fully loaded computer for $400.00 , because some Chinese peasants will leave home 11 months a year , live at the factory and work 12 hours a day seven days a week for 24  cents an hour. But it sure is unpatriotic of the "400" to  sell out the United States every chance they get and export  jobs. They make a pile of money quickly but over  the long term they have destroyed the middle class. What is  that ? The group of responsible people who just want to work hard , and earn a living. I can't find even ONE of those in the Forbes list. "Built themselves up "? MOST INHERITED THEIR MONEY OR THEIR START UP!  "Taken risks"? BREAKING  LAWS WITHOUT PUNISHMENT, PAYING CONGRESS FOR DEREGULATION   AND GETTING BAILED OUT EVEN WHEN THEY FAIL? "Worked hard"?  How much sweat do you break getting $100 million dollars a year , even when your company is failing and exporting U.S. jobs and technology, knowing that even if the truth comes out , there's no consequences? Read more: http://business.time.com/2013/09/16/forbes-list-the-rich-get-richer-and-gates-is-on-top/#ixzz2fBkvGBwo

aynrand
aynrand

@JohnC @ujustcrazy @devon.taig It is unethical and immoral to steal (ie: tax) the rich just because they are successful. They have worked hard, taken risks, and built themselves up. Their have given the general populace wonderful intellect has spawn simple, yet great things: Microscoft, Facebook, ect.. Tell me you do not have any of those. If any of the billionaires want to donate their funds, fine. But for the masses to use legislative maneuvers to force them to give money that the general populace did not earn, is atrocious. Work hard, make smart decisions, and make a lot of sacrifices: most people are not willing to do this while young and pay for it later. Do not make the successful pay for others' failure: take responsibility, and work harder. As for the exporting jobs, or cutting benefits, ect... these are actions taken to ensure a profit. America is a haphazard environment for business, so they HAVE to find ways to support themselves when others are trying to take their funds. Really, should a business pay an American worker 12$/hr when they can get the exact same quailty of work in China for 5$/hr? It's the equivalent of you buying a Red Delicious apple from Walmart because it is cheaper rather than buying an Organic Local Red Delicious apple, just because it is more expensive even though it is better for the environment, helps your local farmers,ect... It seems the organic apple would be the moral choice, but when you have the cost of your living expenses and carry other people on your back by paying taxes, maybe you just want to buy the cheap one and save a bit of cash. Don't make the successful pay for your unsuccessful. The masses are not always right. Stealing is NEVER ethical, whether it be a piece of jewlery, a spouce, or income that was deserved. "It is not your fault if you are born poor, but it is your fault if you die poor."-Bill Gates

GabrielAaronHoward
GabrielAaronHoward

@devon.taig @ujustcrazy

Yeah down with the men who worked hard their whole lives, lets steal from them and give it to the poor.  I am what you would call poor (though i work dilligently i live in a $200 a month sleeping room have a two year old computer and pay a neighbor 10-20 bucks a month to share wifi i do not own a tv or other creature comforts.

 I don't want the wealthy's money nor anyone's pity. If i need help i look to friends family or my church. Not the government.

Your ideas are insulting to my intellect, my work ethic, what this country was founded upon and my desire to succeed.