Thanks to a buoyant stock market, the richest people in the U.S. just keep getting richer. That has made it harder than ever to join the ranks of the 400 wealthiest Americans. The price of entry to The Forbes 400 this year is $1.55 billion, the highest it’s been since Forbes started tracking American wealth in 1982. Last year it took $1.3 billion to score a spot. Because the bar is so high, 113 U.S. billionaires didn’t make the cut.
Bill gates, still #1 at $81 billion. Rich enough to every single person in America 200 bucks and still have $16 billion or so left over.
All together the 400 wealthiest Americans are worth a staggering $2.29 trillion, up $270 billion from a year ago. That’s about the same as the gross domestic product of Brazil, a country of 200 million people. The average net worth of list members is $5.7 billion, $700 million more than last year and a record high. An impressive 303 of the 400 saw the value of their fortunes rise compared to a year ago. Only 36 people from last year’s list had lower net worths this year. Twenty-six people fell off the list; another six people died, including businessman and Tampa Bay Buccaneers owner Malcolm Glazer.
And of course, Obama's making it so very hard to join this list. Obamacare is destroying the medical industry, you know.
There are 27 newcomers to the Forbes 400, including Elizabeth Holmes the youngest woman on the list, and the youngest self-made female billionaire in the world. Just 30 years old, the Stanford University dropout has built blood testing company Theranos into a firm that venture capitalists have valued at $9 billion. She owns 50% of it.
So hard out here for a pimp. We should probably cut Social Security just in case.