Forbes released its latest list of the 400 richest Americans yesterday. Minimum net worth just to crack the Top 400 is $1.3 Billion.
The youngest people on the list are NOT Sergey Brin and Larry Page — founders of Google. John Arnold is a 33 year old hedge fund manager (and former Enron trader) worth $1.5 billion. Don’t feel too bad for Lar and Serge though — they are both 34 and worth $18.5 billion. Each.
Kirk Kerkorian, earns the distinction of the biggest gainer of the year. He increased his fortune by $9 billion as shares of his MGM Mirage casino group rose 135% over the past year. That equates to an hourly wage of $4,326,923 (assuming a 40 hour work week).
People this filthy rich tend to have homes significantly more opulent than yours and mine (I’m going out on a limb here assuming no one on the Forbes 400 list subscribes to the Phoenix Real Estate Guy weblog…).
Warren Buffett (#2, $52 billion) however, lives in a home of only 6,000 square feet that he bought in 1958 for $31,500.
The Donald (#117, $3 billion) on the other hand has one Palm Beach home on the market for $125 million, forcing him to shack up in his 62,000 square foot beach house with 58 bedrooms and 33 baths.
Now should I be wrong and some Forbes 400’er happens to stumble across this blog looking for a real estate agent, just contact us. We’ll be happy to work you in.