May 12, 2020 | News | No Comments
President Trump is the only one on the latest Forbes 400 list of wealthiest Americans to call the District of Columbia home.
The resident of 1600 Pennsylvania Avenue NW is in a 12-way tie for 259th place on the list, with an estimated net worth of $3.1 billion.
Amazon founder and CEO Jeff Bezos is at the top of the list, released Wednesday. Bezos was ahead of his Washington state neighbor, Bill Gates, who had been at the top since 1994.
Bezos was also at the top of Forbes’ billionaires list, which was released in March. He dethroned Gates on that list as well.
The 400 richest Americans have a massive amount of wealth. According to Forbes, the minimum net worth needed to join the list in 2018 was $2.1 billion, the highest amount ever for admission. In all, Forbes says the net worth of the 400 was a record high of $2.9 trillion and half of that belongs to just the 45 richest people in the country.
Some other notable points from Forbes’ reporting:
Forbes’ takes a hard and thorough look at the wealth of those on the list to figure out just how much they’re worth. Reporters at Forbes conduct interviews, look over documents, assets and factor in debt in their calculations. (You can see a more detailed methodology here.)
The top 10 billionaires on the list are:
Jeff Bezos (Amazon)
Bill Gates (Microsoft)
Warren Buffett (Berkshire Hathaway)
Mark Zuckerberg (Facebook)
Larry Ellison (software)
Larry Page (Google)
Charles Koch (Koch Industries)
David Koch (Koch Industries)
Sergey Brin (Google)
Michael Bloomberg (Bloomberg LP)
>>>You can see the full list here.
>>>Click here to see Forbes’ full report on the list.
(Photo by Chris Kleponis-Pool/Getty Images)