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Richest Americans 2006

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Forbes Rich American List 2006
Review of the United States richest people
according to the Forbes business magazine, 2006

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The Richest 400 Americans 2005 Forbes Rich List - The Richest Americans in 2006

The four hundred richest Americans have been ranked by the Forbes business magazine for 2006. It is now no longer enough to be just a multi-millionaire to appear on the list, you now have to be a billionaire to qualify. The group of 400 American billionaires increased their collective wealth by an impressive $120 billion, to have a total of $1.25 trillion US dollars!

There's no surprises at the top of the list, with the world's richest man reclaiming his number one position for yet another year. Bill Gates increased his fortune by a couple billion to have an estimated $53 billion this year. After more than 30 years at Microsoft, Gates plans to step aside from most of his responsibilities at the software giant. He announced that in 2008 he will be giving all his attention to the "Bill and Melinda Gates Foundation".

The decision by Bill Gates to devote himself to his foundation may have influenced the decision of his friend and bridge partner to give most of his billions to the Gates Foundation. In June this year Warren Buffett said he would be donating about 85% of his wealth to five different foundations, with the Bill & Melinda Gates Foundation receiving the bulk of it. Buffett remains the second richest man in America, with an impressive increase of $6 billion.

Third richest American is the Las Vegas casino billionaire Sheldon Adelson. Since taking Las Vegas Sands public just a couple years ago, the son of a cabbie has seen his shares rise by 125% and his total fortune balloon to $20.5 billion. His wealth is up $9 billion from last year and he also had the largest gain on the rich 400 list.

The remaining top ten richest Americans includes a list of people familiar with being in the top ten. They were Larry Ellison in fourth with an increase to $19.5 billion, Paul Allen losing a couple positions and a few billion in fifth with $16 billion, the Walton family taking sixth, seventh eighth, and tenth positions, while Michael Dell is in ninth position after losing about $2.5 billion over the past 12 months.

Technology played a major role again with the usual list of tech billionaires like Paul Allen, Larry Ellison, Jeff Bezos, Steve Ballmer and Pierre Omidyar representing tech companies like Ebay, Amazon.com, Microsoft and Oracle.

The youngest on the list were again the Google founders Larry Page with $14 billion and Sergey Brin with $14.1 billion. At just 33 years of age they are the twelfth and thirteenth richest people in the United States. Other youngsters on the list Included Yahoo's Jerry Yang at age 37 in position 140, and eBay's Pierre Omidyar at age 39 in position 32.

This was Forbes 25th year of profiling the richest Americans and the fourth consecutive year of increases in the combined wealth of the 400 wealthiest Americans.



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top 10 rich list Richest Top 10

Top 10 wealthiest people in United States 2006 according to the Forbes business magazine.
(All figures in American Dollars)

1. Bill Gates, $53 billion, Microsoft
2. Warren Buffett, $46 billion, Berkshire Hathaway
3. Sheldon Adelson, $20.5 billion, Casinos
4. Larry Ellison, $19.5 billion, Oracle
5. Paul Allen, $16 billion, Microsoft
6. Jim Walton, $15.7 billion, Wal-Mart
7. Christy Walton, $15.6 billion, Wal-Mart
8. S. Robson Walton, $15.6 billion, Wal-Mart
9. Michael Dell, $15.5 billion, Dell
10. Alice Walton, $15.5 billion, Wal-Mart

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