Four members of the Walton family are in the top 10 of the Forbes 400 wealthiest Americans.
Bill Gates and Warren Buffett lead Forbes’ 2014 list of the rich in America.
The2014 Forbes 400 starts with Gates, who has a net worth of $81 billion, thanks in part to his stake in his own company Microsoft, which accounts for 20 percent of his wealth.
Buffett, chief executive of Berkshire Hathaway, has a net worth of $67 billion, and is No. 2 on the list for the 14th consecutive year.
Oracle CEO Larry Ellison, who just announced plans to step down from his position, is in third place on the list with a net worth of $50 million.
The net worth of the 400 has grown, from $1.3 billion in 2013 to $1.55 billion in 2014, meaning that 113 billionaires do not make the Forbes list of the wealthiest 400 Americans.
The total net worth of the Forbes 400 is $2.29 trillion, an increase of $270 billion from 2013. The average net worth of the top 400 was $5.7 billion, and the list changed by 32 people, including six who died.
The list also includes 27 first-timers, while the top 10 includes four members from the Walton family: Christy Walton (at No. 6, the wealthiest woman), Jim Walton (No. 7), Alice Walton (No. 9) and S. Robson Walton (No. 10).
The youngest member of the 400 is Mark Zuckerberg of Facebook at No. 11 ($34 billion).The oldest is David Rockefeller Sr. at No. 190 ($3 billion).
Forbes has produced this list for 33 years, and this year the reporters involved started with 600 candidates. Many of the billionaires were interviewed directly, while other information was gathered by employees or attorneys.
Forbes also researched SEC documents, federal financial disclosures and print stories. The total included all available assets, and also factored in debt. In its methodology,
Forbes noted that while many candidates were more than willing to talk, others were very unwilling and some threatened to sue.
Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.
In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.
McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.
McDill is the father of four children, and an active fan of soccer, Jimmy Buffett and all things Disney.