General News

Forbes’ 400 Wealthiest Includes Three Greek-Americans

NEW YORK – Forbes magazine released its annual list of the 400 richest Americans on October 5 with three Greek-Americans on the list, Jim Davis, Tom Gores, and John Catsimatidis.

Davis is 134th on the list, a descendant of Greek immigrants, started by buying a small shoe store in 1972 which he turned into New Balance, valued at $3.6 billion.

Gores is ranked 176th on the list with a fortune of $5.9 billion, while Catsimatidis is ranked 310th with a fortune of $3.7 billion.

In all, the fortunes of America's 400 richest people have risen 40 percent in the past year to $4.5 trillion, up from $ 3.2 trillion. In fact, almost everyone is richer than a year ago.

Jeff Bezos once again topped the list as the richest man in America for the fourth consecutive year. The founder and president of Amazon is worth $201 billion, $22 billion more than last year.

This is the first time someone on the Forbes 400 list is worth $200 billion or more. At No. 2 is Elon Musk, who is worth $190.5 billion, almost three times what he was worth on the 2020 list, due to the huge increase in the share price of the electric car company Tesla.

Mark Zuckerberg took third place, thanks to the jump of 63% of Facebook shares from last year's list. Bill Gates fell to fourth place on the list, the first time in 30 years that he was not in the top two. Gates and his wife Melinda announced their divorce after 27 years of marriage in May 2021. Shortly afterwards, he transferred to her approximately $5.7 billion worth of stock in companies such as Deere & Co and Canadian Railway. Melinda Gates therefore appears on the Forbes 400 for the first time this year at No. 158, with $6.3 billion.

The minimum net worth required to make the list this year was $2.9 billion, up from the cutoff of $2.1 billion in the previous three years. As a result of the higher cutoff amount, 51 billionaires were bumped from the Forbes 400 in 2021, including Donald Trump and Oprah Winfrey.


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