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.
Forbes has a side-story about billionaire homes, including a slide-show of several interesting properties.
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 work you in.
[tags]Forbes 400, billionaire real estate, the filthy rich[/tags]
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That would be great to be able to have just a sliver of their income as that could really help any real estate business do some good.
*Richs last blog post..Gorgeous new homes
I can not even think about paying the taxes on some of the homes. I guess most live in a low tax state. I seen some homes worth 50 times my house in other states that pay same amount of tax i do.
**kevin´s last blog post..Hsbc online banking.
Trumps is not a house it is a resort that he claims is his house. He rents it out so i would not consider it his home.
Fuuny how the list changes every year. Kerkorian is down from Mgm stock this year. Hedge fund traders most are off the list from last year.
Not everyone of them need a huge house, but it would be nice to do one of those deals once in a while, don’t you agree Jay?
Wow, I didn't even know anything about “ethical banks.” Great reading! http://www.providian.com
I can just imagine the commission if a realtor swings a sale of $125 Million! That alone will be a serious little nest egg! Hats off to Mr Buffett for not being ostentatious and over the top, as I can really not see the merit in such huge palaces. Imagine the parties The Donald can throw in his little beach cottgae!