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Career Prole Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 06:25 PM
Original message
Forbes' List Has New Names; Gates No. 1
Edited on Thu Mar-10-05 06:29 PM by Career Prole
Edited to add that this story hit the wire at just about the same time (to the minute) that voting started on the bankruptcy bill.
:grr: :grr: :grr: :grr:



Indian steel mogul Lakshmi Mittal, Mexican telecom magnate Carlos Slim Helu and Ikea founder Ingvar Kamprad of Sweden knocked several Wal-Mart heirs down a few notches on Forbes magazine's 2005 rankings of the world's billionaires.

The billionaires are richer and more numerous for the second straight year, but the No. 1 spot is unchanged — Microsoft Corp. founder Bill Gates led the list for the eleventh year in a row with a net worth of $46.5 billion, slightly less than his $46.6 billion last year.

<snip>

Four other Waltons took spots 11 through 13, with Alice and Helen Walton once again sharing the title of richest woman in the world with $18 billion each. The five family members of the late Wal-Mart founder Sam Walton are together worth over $90 billion.

The number of billionaires grew to a record 691 from 587 last year, and their total net worth rose by $300 billion to $2.2 trillion...

http://story.news.yahoo.com/news?tmpl=story&cid=509&ncid=749&e=1&u=/ap/20050310/ap_on_bi_ge/forbes_billionaires


Walmart workers, prepare for a wage and benefits cut...your mistresses were knocked down a couple of pegs.

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Sandpiper Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 06:28 PM
Response to Original message
1. 104 More Billionaires this year
Glad to see that trickle up is working so well.

:puke:
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 06:31 PM
Response to Original message
2. Hmm tihis explains WHY Walmart wants more
market share... after all Ikea (far better service and product and they treat their workers failrly, notice did not say well) knocked them out. This is not good....

if yuo are a heir to the Walton fortune that is.

By the way, 2.2 trillion... this is what leads to revolutions, the concentration of wealth in so few hands.
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ClintonTyree Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 06:34 PM
Response to Original message
3. The bush economic miracle is bearing fruit..................
the rich ARE getting richer and the poor ARE getting poorer. Isn't capitalism great?

I really feel for those poor Walton family members though. I guess if people like US wouldn't boycott, would buy MORE of their fabulous products at rock bottom prices, they wouldn't have to eke out a living like they're doing now. I fell so ashamed. :cry:
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Career Prole Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 07:25 PM
Response to Reply #3
8. LOL!
Beautiful! :7
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denverbill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 06:41 PM
Response to Original message
4. You have to wonder what motivates these people.
Bill Gates, $46 billion. If he stuck that money in a bank and made even just 1% interest on it, he'd still make $460,000,000 per year in interest. That's over $1 million per day, like hitting the lotto every single day for the rest of your life.

Even if he spent his entire life trying to figure out stuff to spend the money on, he could never find $46 billion worth of stuff that would actually be of any use to him.

Jebus he could give every man, woman and child in the US $150 and still have a billion dollars.
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Sanity Claws Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 06:51 PM
Response to Reply #4
7. Bill and Melinda Gates Foundation
Actually he contributes a lot to charities. The foundation is very involved in vaccinating children in Africa. True, he still has a lot of money but has also given a lot away. More than we can say about the Bush family.
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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 06:41 PM
Response to Original message
5. That is the growing aristocracy/plutocracy. (nt)
Edited on Thu Mar-10-05 06:42 PM by w4rma
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maggiecleveland Donating Member (41 posts) Send PM | Profile | Ignore Thu Mar-10-05 06:44 PM
Response to Original message
6. Working on getting my first mil....
catching these folks may take a while!
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Career Prole Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 07:27 PM
Response to Reply #6
9. I'm working on my second million.
I gave up on the first one.
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maddezmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 09:43 AM
Response to Original message
10. kick to combine
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Robbien Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 09:43 AM
Response to Original message
11. List of Forbes billionaires
The ranking of the world's richest people as estimated by Forbes magazine. Listings include rank, name, home country or state, age where known, wealth in billions of dollars and source of the money.

Listings where the home country is United States are for American citizens living abroad.

1. William Gates III, Washington, 49, $46.5. Warren Buffett, Nebraska, 74, $44, Berkshire Hathaway 3. Lakshmi Mittal, India, 54, $25, steel 4. Carlos Slim Helu, Mexico, 65, $23.8, telecom 5. Prince Alwaleed Bin Talal Alsaud, Saudi Arabia, 48, $23.7, investments 6. Ingvar Kamprad, Sweden, 78, $23, Ikea 7. Paul Allen, Washington, 52, $21, Microsoft, investments 8. Karl Albrecht, Germany, 85, $18.5, supermarkets 9. Lawrence Ellison, California, 60, $18.4, Oracle 10. S. Robson Walton, Arkansas, 61, $18.3, Wal-Mart 11. Jim Walton, Arkansas, 57, $18.2, Wal-Mart 11. John Walton, Arkansas, 59, $18.2, Wal-Mart 13. Alice Walton, Texas, 56, $18, Wal-Mart 13. Helen Walton, Arkansas, 85, $18, Wal-Mart 15. Kenneth Thomson and family, Canada, 81, $17.9, publishing 16. Liliane Bettencourt, France, 82, $17.2, L'Oreal 17. Bernard Arnault, France, 56, $17, LVMH 18. Michael Dell, Texas, 40, $16, Dell 19. Sheldon Adelson, Nevada, 71, $15.6, casinos, hotels 20. Theo Albrecht, Germany, 83, $15.5, supermarkets 21. Roman Abramovich, Russia, 38, $13.3, oil 22. Li Ka-shing, Hong Kong, 76, $13, diversified 23. Amancio Ortega, Spain, 69, $12.6, Zara 24. Steven Ballmer, Washington, 49, $12.1, Microsoft 25. Silvio Berlusconi, Italy, 68, $12, media 25. Abigail Johnson, Massachusetts, 43, $12, Fidelity 27. Barbara Cox Anthony, Hawaii, 81, $11.7, Cox Enterprises 27. Anne Cox Chambers, Georgia, 85, $11.7, Cox Enterprises 29. Stefan Persson, Sweden, 57, $11.2, Hennes & Mauritz 30. John Kluge, Florida, 90, $11, Metromedia 31. Raymond, Thomas and Walter Kwok, Hong Kong, no age given, $10.9, real estate 32. Forrest Mars Jr., Virginia, 73, $10.4, candy 32. Jacqueline Mars, New Jersey, 65, $10.4, candy 32. John Mars, Virginia, 68, $10.4, candy 35. Luciano Benetton and family, Italy, 69, $9.9, Benetton 35. Pierre Omidyar, Nevada, 37, $9.9, Ebay 35. Galen Weston and family, Canada, 64, $9.9, retail 38. Lee Shau Kee, Hong Kong, 77, $9.3, real estate 38. Azim Premji, India, 59, $9.3, software 40. Nasser Al-Kharafi and family, Kuwait, 61, $9, construction 41. Kirk Kerkorian, California, 87, $8.9, investments, casinos 42. Sumner Redstone, California, 81, $8.8 Viacom 43. Leonardo Del Vecchio, Italy, 69, $8.5, eyewear 43. Michele Ferrero and family, Italy, 78, $8.5, chocolates 45. Michael Otto and family, Germany, 61, $8.3, retail 46. Susanne Klatten, Germany, 43, $8.2, BMW 46. Philip Knight, Oregon, 67, $8.2, Nike 46. Hans Rausing, Sweden, 79, $8.2, packaging 49. Serge Dassault and family, France, 80, $7.8, aviation 49. Carl Icahn, New York, 69, $7.8, leveraged buyouts 49. Keith Rupert Murdoch, New York, 74, $7.8, News Corp.

The remainder of the list of 620 billionaires:
http://www.rockymountainnews.com/drmn/business/article/0,1299,DRMN_4_3610985,00.html
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Career Prole Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 12:43 PM
Response to Reply #11
12. All those Waltons have Wal-Mart as the source of their billions.
Damn thing oughta say "Daddy".
Suzanne Klatten at #46? She didn't make the first BMW.
All the silver-spooners on the list should be identified as such.
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