He was listed as the 110th richest American in 2014.
Advertisement
According to Forbes, it’s harder than ever to make the 400 list with the entry price this year set at $1.7 billion, the highest it’s ever been, causing 145 U.S billionaires to miss the cut. Menard moved to No. 49 in the overall USA rankings this year, up from 59 in 2014, with a net worth of $9.2 billion.
In fact, today’s needed gross is the highest it has been in 34 years. With few, if any, exceptions, the billionaires on the list didnt make it by engaging in some particularly shrewd trading strategy on Wall Street.
Meanwhile, CBS News noted the top five wealthiest in America.
About 35 people were removed from the list since a year ago because they either died or dropped off the top 400.
The Republican presidential front-runner, who regularly boasts his worth is $10 billion or more, ranked 121st on the list with a net worth of only $4.5 billion. However, he is now focusing on doing humanitarian works with his Bill & Melinda Gates Foundation.
Fort Worth’s David Bonderman, founder of TPG Capital, comes in at No. 256 with $2.6 billion – which is more than enough to hire Paul McCartney to play your 70th birthday party in Las Vegas.
Warren Buffett, chief executive of Berkshire Hathaway, holds on to the second spot on The 400 since 2001 with a net worth of $62 billion. In spite of quitting his seat at the CEO of Oracle, which he also founded, he still very much active and involve with the database-software giant.
From drone deliveries to turning every customer into a postman, Bezos has seen quite a financial gain for his efforts over the past year. He was tied for the fifth richest person in Tennessee with Franklin Tenn., tobacco billionaire Brad Kelley.
About US$90 billion in new television contracts has been pumped into the National Basketball Association, NFL, NHL and Major League Baseball, adding to the wealth of team owners, who on average in the Forbes list saw their worth jump 14 per cent each. At $76 billion, it’s down a bit from last year’s Fortune 400 estimate of $81 billion. Trump is notorious for quibbling with writers who he has said underestimate the value of his business empire and brand, which he says totals $10 billion.
Advertisement
Beanie Baby inventor Ty Warner’s wealth is unaffected by a felony conviction for tax evasion: the $53.5 million fine he paid wasn’t enough to put a dent in his $2.3 billion fortune, according to Forbes.
