22 Sep 2017   /   0 comments

The Richest People in America 2017

Paul

businessman-fashion-man-personPeople look up to those with wealth not only because of their wealth and security, but they have so much money they donate much of it to charity. To be the richest people in America is an accomplishment beyond imagination. Who are they and how did they get there?

Top 10 Richest People in America

Many of the top 10 richest people in America are self-made entrepreneurs. They are inspirations to those who have a dream. From no college or college drop-outs, anyone can make a dream a reality.

Bill Gates: $85.2 Billion – Age 62

Bill Gates’ name tends to be associated with the idea of a billionaire. At the age of 20 in the mid-70s, he cofounds Microsoft with his childhood friend Paul Allen. Now, Microsoft is the biggest software company. He was the CEO of Microsoft until 2000, but stepped down and devoted his fortune to his philanthropies and the Bill and Melinda Gates Foundation. The largest shareholder until 2014, his ownership of Microsoft is less than 3% with the bulk of his wealth in a private firm.

Warren Buffet: $77.2 Billion – Age 86

As a child, Warren Buffet delivered newspapers on his bike. By 11, he had purchased his first shares in the stock market and sold them with $5 profits. They rejected him from Harvard Business School, going to Columbia Business School instead. He began his own investment firm in the early-1950s. When he bought the Berkshire Hathaway in 1969, he transformed the company that helped build his massive fortune. He, too, gives a majority of his fortune to charities.

Jeff Bezos: $73.1 Billion – Age 53

Jeff Bezos introduce e-commerce to the world. He spent most of his time financing on Wall Street until he founded Amazon.com in his garage. In 2016, it generated $136 billion in revenue. He invested in a privately-owned space company, Blue Origin, which launched its first spacecraft in 2015. He also invests in the Washington Post, the newspaper he bought in 2013.

Mark Zuckerberg: $58.5 Billion – Age 32

At the age of 19 and a Harvard Student, Mark Zuckerberg launched TheFacebook.com. He dropped out of college to work full-time as the CEO of Facebook and it suddenly exploded. It currently attracts more than a billion users per day and worth almost $400 billion. He is the youngest of the 50 richest people in the world. Overall, they’ve donated $25 million to fight Ebola in 2015, and they gave $100 million of Facebook shares to improve New Jersey public-school system.

Charles Koch: $47.9 Billion – Age 81

Tied with his younger brother David, he serves as chairman and CEO of Koch Industries, the second-largest private company in America. They employ 120,000 people and generate about $100 billion a year. Their holdings range from petrochemicals and Dixie Cups to raw clothing materials.

David Koch: $47.9 Billion – Age 76

David Koch helps run Koch Industries as executive vice president. Over the last year, his personal wealth has decreased by $1.2 billion in the past year. An interesting fact about David, he has survived two brushes with death: a plane crash in 1991 where all of first class died and a battle with prostate cancer. He has pledged to contribute more than $1.2 billion to cancer research, hospitals, education, and cultural institutions.

Larry Ellison: $45.3 Billion – Age 72

Larry Ellison teamed up with colleagues to start their own programming firm. Not long after, they built a relational database-management system for the CIA under the name Oracle. Today, the company is known as Oracle Corp and produced $37 billion in revenue last year. While he reduced his annual salary from $1 million to $1, he still takes more than $60 million in total compensation due to stock awards. In 2014, he stepped down as CEO and became chief technology officer.

Larry Page: $42.5 Billion – Age 43

In 1998, a Stanford student teamed up with his classmate Sergey Brin to create an early search engine. Eventually, it morphed into Google, one of the largest and farthest-reaching companies in the world. Worth more than $581 billion, the holding company that manages Google became known as Alphabet. While he isn’t a wealthy spender, Page does own a eco-friendly mansion in Palto Alto that uses geothermal energy and rainwater capture.

Sergey Brin: $41.6 Billion – Age 43

With his co-founder Larry Page, Brin helped facilitate Google’s massive restructuring that was announced in 2015. It allowed him to focus on exploring new “moonshot” projects and ideas. The holding company, Alphabet, has already made automated homes and self-driving cars a reality.

Rob Walton: $35.4 Billion – Age 72

Mostly from inheritance, Rob Walton is the oldest son of Sam Walton, the Walmart founder. He started to work for Walmart in 1969 and held the positions of senior VP to general counsel to chairman. After stepping down in June 2015, he son-in-law was named successor. Walton and his brother each gave away 1.5 million Walmart shares to the family charity.

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