Concordia Publishing House (CC) announced today that its Forbes 400 list, released earlier this year, now features a record number of billionaires.
The list includes 10 men and four women, which means the wealth of the top 10 richest individuals in the United States has increased by $6.5 trillion over the last decade.
Concordia’s Forbes 400 ranking, which was last updated in 2010, ranks the 10 richest Americans based on net worth, and does not factor in the value of real estate holdings or other assets.
The first person to reach the $1 trillion mark is Warren Buffett, who has a net worth of $11.4 trillion, with $6 billion of it coming from his Berkshire Hathaway holdings.
Buffett’s wealth is the largest in the Forbes 400 since 2001, when the magazine first began publishing the list.
Buffett has also gained from the global financial crisis.
The former billionaire has amassed $4.4 billion in wealth in the last six years, a number that was surpassed by Bill Gates in 2014, who had a $2.8 trillion net worth in the same period.
Buffett, whose net worth is estimated at $1.8 billion, has also benefited from his own wealth.
He is worth more than $1 billion when the Forbes list is factored in, while Forbes estimated his net worth at $700 million.
He also has $500 million in net worth held by his wife, Miriam, who is worth $600 million.
Buffett and Miriam are the only billionaires who are not on the list of Forbes 400, which also includes other billionaires, like George Soros ($1.3 billion), Warren Buffet ($1 billion), Amancio Ortega ($1 million), Peter Thiel ($500,000) and Robert Mercer ($500 million).
Forbes 400: 10 richest U.S. people in 2016Posted by Concordia Press on February 18, 2021At the time of the publication of Forbes’ list, the wealth among the top 20 Americans had grown by $1,974 billion since 2001.
According to the report, Buffett’s net worth was $11,547 million in 2016.
At the end of last year, Forbes ranked the top ten richest Americans.
Here are the top 25 richest people according to Forbes’ 2017 list.