If you have dreams of becoming a billionaire, you might want to pick up a job application at Wal-Mart. Four of the ten richest individuals in America earned their fortunes from the Wal-Mart franchise, according to Forbes.
Forbes released The Forbes 400 this week, highlighting the 400 wealthiest individuals in the U.S. Here is a summary of The Forbes 400:
Name $ Industry #
Bill Gates $54 Billion Microsoft 1
Warren Buffett $45 Billion Berkshire Hathaway 2
Larry Ellison $27 Billion Oracle 3
Christy Walton $24 Billion Wal-Mart 4
Charles Koch $21.5 Billion Manufacturing, energy 5
David Koch $21.5 Billion Manufacturing, energy 6
Jim Walton $20.1 Billion Wal-Mart 7
Alice Walton $20 Billion Wal-Mart 8
S. Robson Walton $19.7 Billion Wal-Mart 9
Michael Bloomberg $18 Billion Bloomberg 10
Fun Article: See how much money Americans spend on Halloween (Infograph).
Name $ Industry # # Name Age $ Industry
Bill Gates $54 Billion Microsoft 1 290 Dustin Mostkovitz 26 $1.4 Billion Warren Buffett $45 Billion Berkshire Hathaway 2 35 Mark Zuckerberg 26 $6.9 Billion Larry Ellison $27 Billion Oracle 3 101 Scott Duncan 27 $3.1 Billion Pipelines
Christy Walton $24 Billion Wal-Mart 4 356 Eduardo Saverin 28 $1.15 Billion Charles Koch $21.5 Billion Manufacturing, energy 5 153 David Rockefeller 95 $2.4 Billion Standard Oil, banking
David Koch $21.5 Billion Manufacturing, energy 6 217 Albert Ueltschi 93 $1.85 Billion FlightSafety
Jim Walton $20.1 Billion Wal-Mart 7 153 John Anderson 93 $2.4 Billion Investments
Alice Walton $20 Billion Wal-Mart 8 119 Kirk Kerkorian 93 $2.9 Billion Investments, casino
S. Robson Walton $19.7 Billion Wal-Mart 9 Michael Bloomberg $18 Billion Bloomberg 10
5 States with the Most Billionaires
Thirty-nine states were represented on The Forbes 400. Of the 39, these five states Trumped — pun intended — the competition when it came to being home to the richest of the rich:
1. California: California is home to 84 individuals on The Forbes 400 list with Los Angeles and San Francisco being the two most popular cities for billionaires to live in.
2. New York: The Big Apple is known for not only being the cultural center of the U.S. but also for being a financial powerhouse. It is no surprise that it takes number two on the list with 65 billionaires calling the city that never sleeps their home. New York is also home to Jay-Z, the famous rapper who sat down with Warren Buffett to discuss the keys to success.
3. Texas: At the end of 2008 Texas had the second highest gross state product of $1.224 trillion. It also holds the most Fortune 500 company headquarters in the U.S. It’s no wonder it attracts big earners. Forty-five of this year’s Forbes List-ers reside in Texas.
4. Florida: Florida is not only full of retired seniors and spring break seniors: It boasts 26 of The Forbes 4oo’s billionaires. With the nice weather and beautiful beaches, we understand why the rich don’t mind heading south with their earnings.
5. Connecticut: This Northeastern state is known for its seafood and wealth. It follows Florida closely with 21 billionaires residing within state lines. Many of its billionaires found success through hedge funds and investments.
The amount of money these individuals have is almost impossible to imagine. Many received their wealth from hedge funds, investments and family owned businesses. Unless you have a rich uncle or a keen eye for investments, you may find it more difficult to crack The Forbes 400.