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Forbes Rich List - 400 Richest Americans 2004
Forbes Rich List 2004
Review of America's richest people
according to the Forbes business magazine, 2004
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Forbes Rich List - 400 Richest Americans in 2004 Forbes Rich List - 400 Richest Americans in 2004

Not since the year 2000 has the 400 richest Americans total fortunes gone above the $1 trillion mark. Even the burden of coming through an economic recovery hasn't put a dent in the net worth of those on the list, with a total increase of $45 billion in just 12 months.

At number one for the 11th consecutive year is Microsoft founder Bill Gates with an estimated $48 billion. In second position is the investment guru and chairman of the Berkshire Hathaway group of companies Warren Buffett with an estimated $41 billion. Buffett is gaining on the number one position with an increase in wealth by an estimated $5 billion.

The top ten positions on the list are again dominated by the Walton family with 5 members being listed. The family gained their wealth (an estimated $18 billion each) through the wildly successful Wal Mart chain of shopping centers started by the entrepreneurial Sam Walton.

Even though the dot-com highs are mostly behind us there are still many tech entrepreneurs throughout the list. The top ten alone has Bill Gates 1(Microsoft), Paul Allen 3(Microsoft), Michael Dell 9(Dell) and Larry Ellison 10(Oracle). The technology heavy Nasdaq is well below its tech boom highs but individuals continue to amass great personal fortunes through technology.

Google founders have made their entrance to the list after they took their search engine public. Sergey Brin and Larry Page share 43rd position on the list this year with an estimated $4 billion each. Brin is also the youngest person on this years list at just 31 years of age.

Another new entrant is Teresa Heinz Kerry, the wife of Democrats nominee for president John Kerry. She is the heir of the Heinz food company with an estimated $750 million.

The largest percentage gainer is casino operator Steve Wynn with a %100 increase in wealth to $1.3 billion. Amazon.com founder is the largest percentage loser, yet still holds his position of 38th richest after losing $800 million.

Most of the people listed this year are billionaires. 313 of the 400 richest Americans have a net worth of $1 billion or more. It now takes $750 million just to be listed!

Copyright © 2004 Woopidoo.com

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Forbes Top 20 Forbes Top 10

Ten Richest People in America according to Forbes magazine.
1 Bill Gates $48billion
2 Warren Buffett $41billion Berkshire Hathaway
3 Paul Allen $20billion Microsoft & investments
4 Alice Walton $18billion Wal-Mart
4 Helen Walton $18billion Wal-Mart
4 Jim Walton $18billion Wal-Mart
4 John Walton $18billion Wal-Mart
4 Robson Walton $18billion Wal-Mart
9 Michael Dell $14billion Dell
10 Larry Ellison $13billion

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