1.
U.S. markets recover from steep losses
NEW YORK, Sept. 21 (UPI) -- For the first time, everyone in The Forbes 400 -- the annual list of the richest people in the United States -- is a billionaire.
Forbes announced its annual list Thursday, and reported that the collective wealth of the 400 richest people in America amounted to $1.25 trillion -- an increase of $120 billion over last year.
The list welcomed 28 new members, largely owing to what Forbes called surging real estate, oil and other asset prices.
Developer John Manning acquired a fortune estimated at $1.1 billion by brokering low-income housing projects. Chesapeake Energy founders Aubrey McClendon and Tom Ward made their money in oil.
Starbucks founder Howard Schultz made the list, as did fashion designer Manny Mashouf, who made a fortune with his Bebe clothing stores.
Other first-time 400 members include Lehman Brothers head Richard Fuld, hedge fund manager David Shaw, mutual fund adviser Jonathan Lovelace Jr. and Houston Rockets owner Leslie Alexander.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
