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xchrom

(108,903 posts)
45. Forbes 400: Gates and Buffett top the rich list as young bucks get served
Thu Sep 20, 2012, 09:42 AM
Sep 2012
http://www.guardian.co.uk/media/2012/sep/19/forbes-400-bill-gates-rich-list


Microsoft co-founder Bill Gates: worth $66bn. Photograph: Jim Urquhart/Reuters

Social media? So last year. Youth? Overrated. The new Forbes list of the richest Americans shows that old money endures, and that the would-be kings of the second dotcom age have been served.

The top three American billionaires in this year's Forbes poll have a combined age of 206. Bill Gates, 56, heads the poll again with a fortune of $66bn, $7bn more than last year. This is his 19th year in a row at the top. Warren Buffett, 82 and the last man to oust his friend Gates, comes in second at $46bn and Oracle's Larry Ellison, 68, is third at $41bn.

Conspicuous by their absence in the top ranks are the new tech titans, most notably Mark Zuckerberg of Facebook. The social media media moguls lost a combined $11bn in one year, according to Forbes. The biggest loser was Zuckerberg, whose net worth has dropped $8.1bn, more than anyone in the list this year, and which prompted a fall from 14th place to 36th.

Not that Zuckerberg is poor. The 28-year-old is now worth $9.4bn, the same as News Corp chairman Rupert Murdoch, 81. Nor is Zuckerberg alone among his social media peers in losing cash this year. Mark Pincus, the founder of Zynga – the gaming firm behind Words With Friends and Draw Something – has also been burnt, as investors found the games to be less addictive than they first thought. Zynga's shares have fallen more than 66% since their debut last December. Pincus made his debut in the list last year and is out this year.
I'm bullish on Nike NKE otherone Sep 2012 #1
I'd choose to live on the left, Democrat Country DemReadingDU Sep 2012 #2
The thing is, the 1% want to live on the left, too. They just want the 99% to live on the right. tclambert Sep 2012 #4
+1,000 n/t Tansy_Gold Sep 2012 #25
Yves Smith: Bloomberg Finally Notices Deposit Flight, a Major Threat to the Eurozone DemReadingDU Sep 2012 #3
i made the best spaghetti carbonara last night! xchrom Sep 2012 #5
Can I come to your house for dinner tonight? DemReadingDU Sep 2012 #9
i would LOVE it! and bring the rest of the SMW crew would ya? nt xchrom Sep 2012 #10
I made a delicious carbonara about a month ago - bread_and_roses Sep 2012 #11
it's frustrating - because you have to make a thing over and over xchrom Sep 2012 #12
Excellent. Ghost Dog Sep 2012 #58
remind me to come visit you. xchrom Sep 2012 #60
The Divergence Between US And Chinese Stocks Is Unbelievable xchrom Sep 2012 #6
One vote for the: whatever. westerebus Sep 2012 #18
right? as usual the party is at fuddniks. nt xchrom Sep 2012 #20
I have butterflies Tansy_Gold Sep 2012 #27
i have spiders xchrom Sep 2012 #29
EEEEEEKKKKKKKKKKK! Tansy_Gold Sep 2012 #47
me neither. nt xchrom Sep 2012 #49
did you take that photo? xchrom Sep 2012 #31
I did. Yesterday morning. Tansy_Gold Sep 2012 #46
it's a beautiful picture. xchrom Sep 2012 #50
We have guests arriving from Cleveland for a few days. Fuddnik Sep 2012 #55
ROSCO!11 xchrom Sep 2012 #57
Oh NO! I'm not Ready! Demeter Sep 2012 #39
REPORT: Bank Of America Plans To Axe 16,000 Jobs By Year-End xchrom Sep 2012 #7
Sister Paper Carrier told me of her Blackmailing BofA this morning Demeter Sep 2012 #40
Please tell her we wish her the best! Nt xchrom Sep 2012 #42
MOBIUS: Romania Has Taken Its Medicine And Now It's Ready To Lead Growth In Europe xchrom Sep 2012 #8
MARKET MOOD SOURS AFTER DOWNBEAT ECONOMIC NEWS xchrom Sep 2012 #13
Concern Over Global Economic Slowdown Ghost Dog Sep 2012 #61
+1 xchrom Sep 2012 #65
US DEMANDING HARSH PENALTIES FOR PRICE FIXERS xchrom Sep 2012 #14
psssst! Hey DOJ look over here. I think there are some Wall St. fuckers... Hotler Sep 2012 #19
Like minds.... AnneD Sep 2012 #59
EUROZONE IN DEEPENING RECESSION, SURVEY FINDS xchrom Sep 2012 #15
EU-CHINA SUMMIT OPENS WITH EMPHASIS ON TRADE xchrom Sep 2012 #16
Vlad the Impaler aka Count Dracula does not do photo ops. westerebus Sep 2012 #23
... xchrom Sep 2012 #26
DEMAND STRONG IN KEY SPANISH BOND AUCTION xchrom Sep 2012 #17
Hidden Johnson Billionaires Found in Fidelity Fund Empire xchrom Sep 2012 #21
Sounds like a Ponzi Fraud to me Demeter Sep 2012 #41
Is this Old Boston money? xchrom Sep 2012 #44
U.S. Stock-Index Futures Drop on China Manufacturing Data xchrom Sep 2012 #22
FDIC’s Hoenig Says Banks May Revisit Pre-2008 Risky Behavior xchrom Sep 2012 #24
Return to risky behavior? DemReadingDU Sep 2012 #66
German Government Bonds Rise as Demand Falls at Spanish Auction xchrom Sep 2012 #28
BASF Buys Becker for $1 Billion to Boost Crop Protection Arm xchrom Sep 2012 #30
Emerging Stocks Drop Most in Eight Weeks on China, Japan xchrom Sep 2012 #32
US Futures turn bearish Roland99 Sep 2012 #33
Today's Reports Roland99 Sep 2012 #34
Weekly Unemployment claims >>>> (hint: it ain't good) Roland99 Sep 2012 #37
US Sept Manufacturing PMI >>>> Roland99 Sep 2012 #38
Sept Philly Fed Index >>>> Roland99 Sep 2012 #53
US Household Debt >>>> (max out those credit cards!) Roland99 Sep 2012 #72
Nasdaq-Facebook, Dodd-Frank, Glass-Steagall: Compliance xchrom Sep 2012 #35
Occupy Leafs Out Demeter Sep 2012 #36
Look at that crude drop! Demeter Sep 2012 #43
Gas dropped a whoppping.... Roland99 Sep 2012 #54
What’s behind oil’s 5% drop this week (Marketwatch) Ghost Dog Sep 2012 #73
Forbes 400: Gates and Buffett top the rich list as young bucks get served xchrom Sep 2012 #45
Global economy is a long way from sustained growth xchrom Sep 2012 #48
'London traders try to bully you; traders in Paris use charm' xchrom Sep 2012 #51
China's manufacturing sector shrinks for 11th consecutive month xchrom Sep 2012 #52
Who are Mitt Romney's 47 percent? A breakdown Demeter Sep 2012 #56
It Takes One to Know One By NICHOLAS D. KRISTOF Demeter Sep 2012 #62
BEWARE THE WALLYS OF THE WORLD! Demeter Sep 2012 #63
I Know Why The Caged Bird Shrieks By CHARLES M. BLOW Demeter Sep 2012 #67
Demeter, you are just incredible. I used this quote just today re: Mittens. mother earth Sep 2012 #74
Aw, shucks! Demeter Sep 2012 #77
That Cartoon Doesn't Do the Issue Justice (Tansy's) Demeter Sep 2012 #64
'Fiscal Cliff' Scenarios Leave Economists On Edge Ghost Dog Sep 2012 #68
The Fiscal Cliff, In Three And A Half Graphics Roland99 Sep 2012 #71
Meet Robert Rubin: The Man In Charge Roland99 Sep 2012 #69
Roland, this is quite an article, a must-read for these times...seems the title is more Rethinking mother earth Sep 2012 #75
thanks for reading it! Roland99 Sep 2012 #76
Absolutely, many days when I read here, I do wish more attention is given many of these articles. mother earth Sep 2012 #78
Forces of factory decline trump Fed’s easy money Ghost Dog Sep 2012 #70
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