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GATES STAYS AT LOFTY PEAK OF THE RICHEST.


Byline: Associated Press Associated Press: see news agency.
Associated Press (AP)

Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world.
 

Microsoft Corp. Chairman Bill Gates (person) Bill Gates - William Henry Gates III, Chief Executive Officer of Microsoft, which he co-founded in 1975 with Paul Allen. In 1994 Gates is a billionaire, worth $9.35b and Microsoft is worth about $27b.  topped Forbes magazine's list of the world's top billionaires for the third straight year, and he's pulling away from the pack as his software empire rides the stock market's record-setting wave.

Gates' net worth doubled to $36.4 billion over the past year. That put him $8.8 billion ahead of the second-place Walton family This article is about the family of Sam and Bud Walton, founders of Wal-Mart. For the television program, see The Waltons.

The Walton Family is arguably the richest family in the world (the dispersed fortunes of the Rockefellers and the like being unknown
, the $27.6 billion heirs to the Wal-Mart fortune, Forbes said in its 11th annual rankings, released Sunday.

THE WORLD'S RICHEST PEOPLE

Ranking of the world's richest people as estimated by Forbes magazine, excluding dictators and royalty who have no direct role in managing businesses. The list appears in the July 28 issue.

1. William Gates, U.S., Microsoft, $36.4 billion; 2. Walton family, U.S., Wal-Mart, $27.6 billion; 3. Warren Buffett Warren Buffett

Known as "the Oracle of Omaha," Buffett is Chairman of Berkshire Hathaway and arguably the greatest investor of all time. His wealth fluctuates with the performance of the market, but for the last few years he has been reported to be worth over $30 billion, making
, U.S., stock market, $23.2 billion; 4. Lee Shau Kee Lee Shau Kee (Chinese: 李兆基; Pinyin: Lǐ Zhàojī, born January 29, 1928 in Shunde, Guangdong) is a property developer and majority owner of Henderson Land Development , Hong Kong, real estate, $14.7 billion; 5. Oeri, Hoffman and Sacher families, Switzerland, pharmaceuticals, $14.3 billion; 6. Paul Allen, U.S., Microsoft, $14.1 billion; 7. Haas family, U.S., Levi Strauss, $12.3 billion; 8. Kwok Brothers, Hong Kong, real estate, $12.3 billion; 9. Mars family, U.S., candy, $12 billion; 10. Quandt family, Germany, BMW BMW
 in full Bayerische Motoren Werke AG

German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s.
, $11.7 billion.

11. Albrecht family, Germany, retailing, $11.5 billion; 12. Tsai Wan-lin and family, Taiwan, financial services, $11.3 billion; 13. Prince Alwaleed Bin Talai Alsaud, Saudi Arabia, investment, construction, banking, $11 billion; 14. Engelhorn family, Germany, pharmaceuticals, $11 billion; 15. Li Ka-shing, Hong Kong, real estate, telecommunications, diversified, $11 billion; 16. Kenneth Thomson, Canada, media, real estate, retailing, $11 billion; 17. Haniel family, Germany, pharmaceuticals, diversified, $9.3 billion; 18. Samuel and Donald Newhouse, U.S., media, $9 billion; 19. Hans and Gad Rausing, Sweden, packaging, $9 billion; 20. Cargill family, U.S., Cargill, $8.8 billion.

21. Liliane Bettencourt, France, cosmetics, $8.4 billion; 22. Yoshiaki Tsutsumi, Japan, real estate, $8 billion; 23. Steven Ballmer, U.S., Microsoft, $7.5 billion; 24. Wonowidjojo family, Indonesia, tobacco, $7.3 billion; 25. John Kluge, U.S., Metromedia, $7.2 billion; 26. Tan Yu, Philippines, real estate, $7.2 billion; 27. Lawrence Ellison, U.S., Oracle, $7.1 billion; 28. Robert Kuok, Malaysia, diversified, $7 billion; 29. Mulliez family, France, retailing, $7 billion; 30. Ng Teng Fong Ng Teng Fong (born 1930) is a Singaporean real estate billionaire. His family owned the development corporation Sino Group.

Ng made his fortune with the help of one of Singapore's early billionaires, Eliya Thamby.
 and son Robert Ng, Singapore, real estate, $7 billion.

31. Nina Wang, Hong Kong, real estate, $7 billion; 32. Gordon Moore, U.S., Intel, $6.7 billion; 33. Carlos Slim Helu, Mexico, diversified, $6.6 billion; 34. Cheng Yu-tung, Hong Kong, real estate, $6.5 billion; 35. Walter Haefner, Switzerland, computers, cars, $6.4 billion; 36. Landolt family, Switzerland, pharmaceuticals, $6.3 billion; 37. Bass family, U.S., oil, investments, $6 billion; 38. Robert and Jay Pritzker, U.S., investments, $6 billion; 39. Philip Knight, U.S., Nike, $5.8 billion; 40. Kwek Leng Beng Kwek Leng Beng is a Singapore billionaire. He is the Executive Chairman of Hong Leong Group Singapore. His 2005 estimated net worth was US$3.6 billion.

Kwek's father, the late Kwek Hong Png left Fujian province as a penniless teenager for Singapore and subsequently founded
, Singapore, diversified, $5.8 billion.

41. Antonio Ermirio De Moraes and family, Brazil, mining, $5.7 billion; 42. Minoro and Akira Mori, Japan, real estate, $5.7 billion; 43. Hans Joachim Langmann, Germany, chemicals, $5.6 billion; 44. Wang Yue-che, Taiwan, plastics, $5.5 billion; 45. Eka Tjipta Widjaja, Indonesia, paper, real estate, $5.4 billion; 46. Seydoux/Schlumberger families, France, diversified, $5.3 billion; 47. Chung Ju-yung and family, Korea, automobiles, diversified, $5.2 billion; 48. Lee Kun-hee and family, Korea, electronics, diversified, $5.2 billion; 49. Gregorio Perez Companc, Argentina, diversified, $5.2 billion; 50. Yasuo Takei, Japan, consumer finance, $5.2 billion.

51. Woeste, Albrecht and Henkel families, Germany, chemicals, $5.2 billion; 52. Philip Anschutz, U.S., oil, railroads, $5 billion; 53. Erivan Haub and family, Germany, retailing, $5 billion; 54. Silvio Berlusconi, Italy, media, $4.9 billion; 55. Leonard and Ronald Lauder, U.S., cosmetics, $4.9 billion; 56. Otto Beisheim, Germany, retailing, $4.8 billion; 57. Boehringer family, Germany, pharmaceuticals, $4.7 billion; 58. Laurence and Preston Tisch, U.S., Loews, $4.7 billion; 59. Friedrich Karl Flick Friedrich Karl Flick (February 3, 1927 in Berlin - October 5, 2006 in Auen on the Wörthersee, Austria) was a German-Austrian industrialist and billionaire.

He was born the youngest of the sons of Friedrich Flick and Marie Schuss.
 Jr., Germany, investments, $4.5 billion; 60. Rahmi Koc and family, Turkey, diversified, $4.5 billion.

61. Michael Otto, Germany, retailing, $4.5 billion; 62. Charles and David Koch, U.S., oil services, $4.4 billion; 63. Masatoshi Ito, Japan, retailing, $4.3 billion; 64. Ernesto and Fabio Bertarelli, Switzerland, pharmaceuticals, $4.2 billion; 65. T. Ananda Krishnan, Malaysia, diversified, $4.1 billion; 66. Emilio Botin and family, Spain, banking, $4 billion; 67. Rolf Gerling, Germany, pharmaceuticals, $4 billion; 68. Liem Sioe Liong, Indonesia, banking, $4 billion; 69. Ronald Perelman, U.S., investments, $4 billion; 70. Sakip Sabanci and family, Turkey, diversified, $4 billion.

71. Khoo Teck Puat Tan Sri Khoo Teck Puat (Chinese: 邱德拔; Pinyin: Qiū Débá; January 13 1917 - February 21 2004) a Malaysian-born banker and hotel owner with an estimated fortune of $4. , Singapore, investments, $3.9 billion; 72. Nasser Al-Kharafi and family, Kuwait, diversified, $3.8 billion; 73. Brenninkmeijer family, Netherlands, retailing, $3.8 billion; 74. Edward Johnson and daughter Abigail Johnson, U.S., Fidelity Investments, $3.8 billion; 75. Kirk Kerkorian, U.S., investments, $3.8 billion; 76. McCaw family, U.S., telecommunications, $3.8 billion; 77. Schickendanz family, Germany, retailing, $3.7 billion; 78. Benetton family, Italy, apparel, $3.6 billion; 79. Herz family, Germany, consumer products, $3.6 billion; 80. Dietmar Hopp and sons, Germany, software, $3.6 billion.

81. Maersk Mckinney Moller, Denmark, shipping, $3.6 billion; 82. Francois Pinault, France, retailing, $3.6 billion; 83. Schmidt-Ruthenbeck family, Germany, retailing, Metro Group, $3.6 billion; 84. Irving family, Canada, diversified, $3.5 billion; 85. Masayoshi Son, Japan, software, $3.5 billion; 86. Piech family, Germany, Porsche, $3.4 billion; 87. Sumner Redstone, U.S., Viacom, $3.4 billion; 88. Agnelli family, Italy, automobiles, $3.3 billion; 89. Edgar Bronfman, U.S., Seagram, $3.3 billion; 90. Michael Dell, U.S., Dell Computer, $3.3 billion.

91. Ross Perot, U.S., electronic data management, $3.3 billion; 92. Suliman Olayan, Saudi Arabia, diversified, $3.2 billion; 93. J.R. Simplot, U.S., potatoes, $3.2 billion; 94. Bernard Arnault, France, luxury goods, $3.1 billion; 95. Adolf Merckle, Germany, pharmaceuticals, $3.1 billion; 96. Stephen and Riley Bechtel, U.S., engineering-construction, $3 billion; 97. Boris Berezovsky, Russia, oil, automobiles, media, $3 billion; 98. Charles Bronfman, Canada, Seagram, $3 billion; 99. Mohamed (Bob) Hasan, Indonesia, lumber, diversified, $3 billion; 100. Roberto Marinho, Brazil, media, $3 billion.

101. Stephan Schmidheiny, Switzerland, investments, $3 billion; 102. Leonardo Del Vecchio Leonardo Del Vecchio (1935-) is the founder and chairman of Luxottica, a $3 billion (sales) designer and manufacturer of high-quality eyeglass frames. The firm owns the Sunglass Hut and Lenscrafters chains with a total of over 6000 stores. Mr. , Italy, eyewear, $2.9 billion; 103. Dumas-Hermes family, France, luxury goods, $2.9 billion; 104. Maurice Greenberg, U.S., American International Group
"AIG" redirects here. For other uses, see AIG (disambiguation).


American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City.
, $2.9 billion; 105. Quek Leng Chan Tan Sri Quek Leng Chan (Simplified Chinese: 郭令灿; Traditional Chinese: 郭令燦; Pinyin: Guō Lìngcàn , Malaysia, financial services, real estate, $2.9 billion; 106. Henry Sy, Philippines, shopping malls, $2.9 billion; 107. Jay Van Andel Jay Van Andel, (b. June 3 1924 - d. December 4 2004) was an American businessman best-known as co-founder of the Amway Corporation; he was born in Grand Rapids, Michigan. , U.S., Amway, $2.9 billion; 108. Stanley Ho, Hong Kong, casinos, transportation, hotels, $2.8 billion; 109. Kirch family, Germany, media, $2.8 billion.

110. Spiros Latsis, Greece, shipping, $2.8 billion; 111. Rupert Murdoch, U.S., media, $2.8 billion; 112. Oetker family, Germany, diversified, $2.8 billion; 113. Kazuo Matsuda, Japan, consumer finance, $2.7 billion; 114. Tiong Hiew King Tan Sri Datuk Tiong Hiew King (Simplified Chinese: 张晓卿; Traditional Chinese: 張曉卿; Pinyin: , Malaysia, lumber, $2.7 billion; 115. George Ty, Philippines, banking, $2.7 billion; 116. Jaime Augusto Zobel Jaime Augusto Zobel de Ayala II(JAZA) (born 1959), is a Filipino businessman of German and Spanish parentage and member of the influential Zobel de Ayala family of the Philippines. He currently serves as chairman and chief executive officer of Ayala Corporation.  De Ayala, Philippines, diversified, $2.6 billion; 117. Richard DeVos, U.S., Amway, $2.6 billion; 118. Henry Fok, Hong Kong, casinos, real estate, hotels, $2.6 billion; 117. Henry Lea Hillman Hillman was a famous British automobile marque, manufactured by the Rootes Group. It was based in Ryton-on-Dunsmore, near Coventry, England, from 1907 to 1976. Before 1907 the company had built bicycles. , U.S., industrialist, $2.6 billion; 120. Samuel C. Johnson, U.S., S.C. Johnson & Son,$2.6 billion.

121. Andronico Luksic and family, Chile, mining, $2.6 billion; 122. Luis Carlos Sarmiento Luis Carlos Sarmiento Angulo (b. 1933) is a Colombian billionaire with an estimated net worth in 2006 of $4.4 billion dollars. He is president of the massive banking conglomerate Grupo Aval Acciones y Valores, SA (Grupo Aval).  Angulo, Colombia, banking, $2.6 billion; 123. Sheikh sheikh
 or shaykh

Among Arabic-speaking tribes, especially Bedouin, the male head of the family, as well as of each successively larger social unit making up the tribal structure. The sheikh is generally assisted by an informal tribal council of male elders.
 Saleh Bin Abdul Aziz Al-rajhi, Saudi Arabia, banking, $2.5 billion; 124. Khalid Bin Mahfouz Khalid bin Mahfouz (Arabic: خالد بن محفوظ; born 1949) is a wealthy Saudi Arabian businessman accused of supporting al-Qaeda. , Saudi Arabia, banking, investments, $2.5 billion; 125. Jeffrey Koo and family, Taiwan, banking, diversified, $2.5 billion; 126. Kjeld Kirk Kristiansen Kjeld Kirk Kristiansen (born December 27, 1947) was the chief executive of Lego between 1979 and 2004. Kjeld Kirk Kristiansen is currently the richest person in Denmark according to Forbes list of billionaires 2007, with a fortune of $3.3 billion. , Denmark, Lego, $2.5 billion; 127. Leonor Mendoza and family, Venezuela, beer, food, $2.5 billion; 128. Harry Oppenheimer and family, South Africa, mining, $2.5 billion; 129. Masahito Otsuka, Japan, pharmaceuticals, $2.5 billion; 130. Stefan Persson, Sweden, retailing, $2.5 billion.

131. George Soros George Soros

Born in Budapest, Hungary, in 1930, George Soros is considered by many to be one of the world's greatest investors. A famous hedge fund manager, Soros managed the Quantum Fund, a fund that achieved an average annual return of 30% from 1970-2000.
, U.S., money management, $2.5 billion; 132. Sir Adrian and Sir John Swire, Britain, aviation, real estate, diversified, $2.5 billion; 133. Mikhail Khodorkovsky, Russia, oil, banking, $2.4 billion; 134. Ralph Lauren, U.S., fashion, $2.4 billion; 135. Reinhard Mohn and family, Germany, media, $2.4 billion; 136. Kerry Packer, Australia, media, $2.4 billion; 137. Mickey Arison, U.S., Carnival Cruise Lines This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , $2.3 billion; 138. Julio Bozano, Brazil, financial services, diversified, $2.3 billion; 139. Alfred Lerner, U.S., banking, $2.3 billion; 140. Roberto Rocca, Argentina, diversified, $2.3 billion.

141. Edmond Safra, Lebanon, banking, $2.3 billion; 142. Putera Sampoerna, Indonesia, tobacco, $2.3 billion; 143. Theodore Waitt, U.S., Gateway 2000, $2.3 billion; 144. Anacleto Angelini, Chile, fishing, $2.2 billion; 145. Robert Muse Bass, U.S., oil, investments, $2.2 billion; 146. Marvin Davis, U.S., oil, real estate, $2.2 billion; 147. Jon Meade Huntsman, plastics, chemicals, $2.2 billion; 148. Ingvar Kamprad, Sweden, IKEA IKEA Ingvar Kamprad Elmtaryd Agunnaryd (Swedish home furnishings retailer founder's initials and location) , $2.2 billion; 149. Koo Bon-moo and family, Korea, diversified, $2.2 billion; 150. William Wrigley and family, U.S., chewing gum, $2.2 billion.

151. Carlos Ardila Lulle, Colombia, soft drinks, diversified, $2.1 billion; 152. Kumar Mangalam Birla Kumar Mangalam Birla (June 14, 1967), is among the richest persons in India and the eighth youngest billionaire outside India according to the Fortune magazine.

Mr. Kumar Mangalam Birla is the Chairman of the Aditya Birla Group, which is among India's largest business houses.
, India, commodities, $2.1 billion; 153. Richard Branson, Britain, diversified, $2.1 billion; 154. Michel Fribourg and family, U.S., grain trading, $2.1 billion; 155. Alfred Heineken, Netherlands, beer, $2.1 billion; 156. Lim Goh Tong
This is a Chinese name; the family name is 林 (Lim).


Tan Sri Lim Goh Tong (Chinese: 林梧桐; Pinyin: Lín Wútóng 
, Malaysia, diversified, $2.1 billion; 157. Ted Turner, U.S., media, $2.1 billion; 158. Alain Wertheimer and family, France, luxury goods, $2.1 billion; 159. Donald Bren, U.S., real estate, $2 billion; 160. Lester Crown, U.S., investments, $2 billion.

161. Frits Goldschmeding, Netherlands, temporary staffing, $2 billion; 162. James Goodnight, U.S., software, $2 billion; 163. Ray Lee Hunt Ray Lee Hunt (1943-) inherited most of father's H.L. Hunt Hunt Oil Co. along with his three sisters. In 1982, Forbes magazine estimated Ray Hunt's family's total net worth to be $200 million. Ray made a huge oil find in Yemen in 1984.  and family, U.S., oil and gas, $2 billion; 164. Kim Woo-choong and family, Korea, diversified, $2 billion; 165. George Lucas, U.S., movies, $2 billion.

166. Alfonso Roma Garza, Mexico, tobacco, diversified, $2 billion; 167. Viscount Rothermere, Britain, media, $2 billion; 168. Chatri Sophonpanich, Thailand, banking, $2 billion; 169. James Sorenson, U.S., medical devices, $2 billion; 170. David Geffen, U.S., music, $1.9 billion; 171. Lakshmi Mittal, India, steel, $1.9 billion; 172. Peter Nicholas, U.S., medical devices, $1.9 billion; 173. Julio Mario Santo Domingo Julio Mario Santo Domingo (b. 1924) is a Colombian (born in Panamá, but his family is originally from Barranquilla, Colombia [1]) businessman, listed by Forbes magazine as one of the wealthiest men in his country, with a fortune of 7 billion US dollars [2]. , Colombia, beer, diversified, $1.9 billion; 174. Thomas Schmidheiny, Switzerland, cement, $1.9 billion; 175. John Abele, U.S., medical devices, $1.8 billion; 176. Mochtar Riady and family, Indonesia, real estate, financial services, $1.8 billion; 177. Dhanin Chearavnont, Thailand, diversified, $1.7 billion; 178. Roberto Gonzalez Barrera, Mexico, tortillas, $1.7 billion; 179. H. Wayne Huizenga, U.S., Blockbuster Entertainment, $1.7 billion; 180. Gerard Louis-Dreyfus and family, France, commodities, $1.7 billion.

181. Kenshin Oshima, Japan, finance, $1.7 billion; 182. Ricardo Salinas Pliego Ricardo Benjamín Salinas Pliego (b. in 1956) is a Mexican businessmen and one of Forbes World's Richest People since 2000. He serves as President and CEO of Grupo Salinas and Grupo Elektra, two holdings with interests vested in telecommunications, media and retail stores, , Mexico, media, $1.7 billion; 183. Charles Schwab, U.S., discount stock brokerage, $1.7 billion; 184. Lorenzo Zambrano, Mexico, cement, $1.7 billion; 185. Emilio Azcarraga, Mexico, media, $1.6 billion; 186. Francis Yeoh, Malaysia, construction, $1.6 billion; 187. Gustavo Cisneros, Venezuela, beverages, media, $1.5 billion; 188. Peter Livanos and family, Greece, shipping, $1.5 billion; 189. Eliodoro Matte, Chile, forestry, $1.5 billion; 190. Rothschild family, France and Britain, financial services, investments, $1.5 billion.

191. David Sainsbury, Britain, supermarkets, $1.5 billion; 192. Takemitsu Takizaki, Japan, technology, $1.5 billion; 193. Garry Weston and family, Britain, food, $1.5 billion; 194. Vagit Alekperov, Russia, oil, $1.4 billion; 195. Alvaro Noboa, Ecuador, bananas, $1.4 billion; 196. David Rockefeller, U.S., oil, real estate, $1.4 billion; 197. Ayhan Sahenk and family, Turkey, banking, construction, $1.4 billion; 198. Kenneth Troutt, U.S., Excel Communications, $1.4 billion; 199. Sir Anthony Bamford and family, Britain, construction equipment, $1.3 billion; 200. Amalia Lacroze De Fortabat, Argentina, cement, $1.3 billion.

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Publication:Daily News (Los Angeles, CA)
Date:Jul 14, 1997
Words:2003
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