Gold Magazine November - December 2013, Issue 32 | Page 14

UP FRONT

10

MICHAEL
BLOOMBERG
MAYOR, NEW YORK CITY
Net Worth: $31 billion
Age: 71
Source of Wealth: Bloomberg
LP, self-made
The world’s richest mayor Michael Bloomberg relinquishes
control of New York City in
December after 12 years. What
he will do next is anyone’s guess.
His fortune is up $6 billion since
last year, thanks to his financial
data firm Bloomberg LP. His
lifetime philanthropic giving has
reached $2.8 billion.

S. ROBSON
WALTON

CHAIRMAN,
WAL-MART STORES
Net Worth: $33.3
billion
Age: 69
Source of
Wealth: Wal-Mart,
inherited
The eldest son of Sam
Walton has been company
chairman since 1992, an d financially, the world’s the largest retailer
remains steady, up 5% from last
year. Rob and his siblings have
donated about $2 billion to the Walton Family Foundation over the last
five years.

9

CHARLES KOCH

4

=

CEO, KOCH INDUSTRIES NET WORTH: $36 BILLION
Age: 77
Source of Wealth: Diversified, inherited
Charles Koch has headed the second largest
private company in the US since 1967. His
net worth is up $5 billion this year as Koch
Industries steadily expands. He and his brother
reinvest 90% of earnings in the business. They
were rumoured to be buying the Los Angeles
Times but changed their minds.

ALICE WALTON

DAVID KOCH

EXECUTIVE VICE
PRESIDENT, KOCH INDUSTRIES
Net Worth: $36 billion
Age: 73
Source of Wealth: Diversified,
inherited
The net worth of New York City’s richest
resident is up $5 billion this year as
Koch Industries grows. The company
agreed to buy electronics-components
maker Molex for $7.2 billion and Buckeye Technologies for $1.5 billion. A prostate cancer survivor, he has given over
$200 million towards finding a cure.

CEO, BERKSHIRE HATHAWAY
Net Worth: $58.5 billion
Age: 83
Source of Wealth: 
Berkshire Hathaway
Berkshire Hathaway picked
up iconic ketchup maker H.J.
Heinz for $23.2 billion in June
and a Berkshire subsidiary is
buying Nevada’s NV Energy for
$5.6 billion in cash. He gave
away another $2 billion of Berkshire stock to the Gates Foundation in July, bringing his lifetime
giving to nearly $20 billion.

3

CEO, ORACLE
Net Worth: $41 billion
Age: 69
Source of Wealth: Oracle
Oracle founder Ellison collects houses on Malibu’s Carbon Beach and
also owns of 98% of Hawaii’s Lanai
island. In his quest for youth he has
donated $445 million to his medical
foundation to support research on
aging and age-related diseases.

1

CO-CHAIR,
BILL & MELINDA GATES FOUNDATION
Net Worth: $72 billion
Age: 57
Source of Wealth: Microsoft
Bill Gates remains Number 1, despite giving away $28 billion, most of it to the Bill &
Melinda Gates Foundation. He bolstered the
Foundation’s efforts to eradicate polio in April,
securing $335 million in pledges from six
billionaire comrades, including $100 million
each from Carlos Slim and Mike Bloomberg.

8

CHAIR, CRYSTAL BRIDGES MUSEUM OF
AMERICAN ART
Net Worth: $33.5 billion
Age: 63
Source of Wealth: Wal-Mart, inherited
The Crystal Bridges Museum of American Art
has welcomed over 1 million visitors in its
first two years of operation, in part thanks to
works by the likes of Andy Warhol and Georgia
O’Keeffe. The biggest philanthropist of the
Walton family, Alice gave more than $2 million
in 2012 to support charter school initiatives.

LARRY ELLISON

WARREN BUFFETT

BILL GATES

4

=

2

7

JIM WALTON

CHAIRMAN AND CEO, ARVEST
BANK GROUP, INC.
Net Worth: $33.8 billion
Age: 65
Source of Wealth: WalMart, inherited
Jim is the youngest son Sam
Walton who founded Wal-Mart in
1962. The company has sales of
nearly $470 billion and employs
2.2 million people in 11,000
stores worldwide. He is CEO
of the Walton family’s Arvest
Bank, which is worth about $1.8
billion, with net profits of nearly
$100 million in 2012.

6

CHRISTY WALTON

CO-CHAIR, CHILDREN’S SCHOLARSHIP FUND
Net Worth: $35.4 billion
Age: 58
Source of Wealth: Wal-Mart, inherited
The richest woman in the world inherited her wealth
when husband John Walton died in a plane crash
in 2005. The bulk of her holdings are in Wal-Mart,
founded by her father-in-law Sam Walton and his
brother James in 1962. Christy has already received
nearly $350 million in Wal-Mart dividends in 2013.

THE RICHEST
PEOPLE IN

AMERICA

F

the fortunes
ive years after the financial crisis sent
g, the wealthiof many around the world tumblin
all that
est as a group have finally gained back
the new Forbes 400 list of the
they lost. Those on
$2 trillion,
wealthiest Americans are worth just over
is a gain of $300
ia. That
roughly equivalent to the GDP of Russ
le a decade ago.
n from a year ago, and more than doub
billio
ed to make the 400 list was $1.3
The minimum net worth need
for the 20th year in
billion. Bill Gates is the richest American
d’s richest person from
a row and has reclaimed the title of worl
h of $72 billion. Warren
Mexico’s Carlos Slim with a net wort
’s biggest dollar gainer,
Buffett, again number two, was the year
n to his fortune. Below are the 10 richhaving added $12.5 billio
h in September 2013.
est people in the USA and their net wort

14 Gold THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS

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