The Richest People in America – 2020 Forbes List

According to the 2019 Forbe’s Billionaires List, there are 607 billionaires in the United States — the largest number than any other country. I have compiled a list of the 20 richest people in America and their sources of wealth. Technology entrepreneurs occupy the top spots. These 20 billionaires have a combined net worth of $ 1.077 trillion.

20. Laurene Powell Jobs & family

Net worth: $20.5 B

Source of Wealth: Apple, Disney            

State: California

Age: 55

laurene-powell-jobs

She’s the 3rd wealthiest woman in the United States and one of the richest people in America. Laurene is an American businesswoman, humanitarian, and widow to Steve Jobs (co-founder of Apple Inc.). She is also the founder and president of Emmerson Collective, a social impact corporation.

Emerson Collective focuses on immigration reforms, education, health, and environmental conservation.

Laurene has over $20 billion from the stakes in Apple and Disney which she inherited from Steve Jobs, her late husband.

She is the 20th wealthiest person in the United States and the 54th richest in the world with a wealth of $20.5 billion.

19. John Mars – Richest People in America

Net worth: $24 B

Source of Wealth: Candy, pet food        

State: Wyoming

Age: 83

John Mars is an American business magnate and heir to the fortune of Mars, Inc. John together with his siblings Forrest Mars (brother) and Jacqueline Mars (sister) inherited stakes in the candy company Mars Inc. after the death of their father in 1999.

John has a net worth of $24 billion which makes him the 18th richest person in the US and the 33rd world’s wealthiest (tied with his sister).

18. Jacqueline Mars

Net worth: $24 B

Source of Wealth: Candy, pet food        

State: Virginia

Age: 79

jacqueline-mars

The 18th wealthiest American is Jacqueline Mars with an estimated fortune of $24 B. She is also ranked the 33rd wealthiest individual in the world.

Jacqueline is an American heiress and entrepreneur. She is the daughter of Forrest Mars and Audrey Ruth and the granddaughter to Frank C. Mars, the founder of Mars Incorporated.

Mars is an American multinational maker of beverages, pet food, confectionery and offers animal care services. It generates more than $35 billion in revenue and employs more than 80,000 people.

17. Michael Dell

Net worth: $27.6 B

Source of Wealth: Dell computers         

State: Texas

Age: 54

michael-dell

Michael Dell is an American business magnate, entrepreneur, author and philanthropist. He is the founder, chairman, and CEO of Dell Technologies, one of the largest technology infrastructure firms in the world.

Dell technologies is ranked the 35th largest United States corporation by total income. Its products include dell personal computers, computer software, servers, televisions, computer, information, and network security and smartphones.

According to Forbes, he is worth an estimated $27.6 B, making him the 17th richest individual in the US and the 25th world’s wealthiest person.

16. Phil Knight & family

Net worth: $33.8 B

Source of Wealth: Nike                          

State: Oregon

Age: 81

phil-knight

Also known as “Buck”, Phil Knight is the 16th richest individual in the US and the 26th wealthiest person in the world. He is an American businessman and philanthropist with a fortune of $33.8 billion.

Phil is the co-founder, former chairman and CEO of Nike Inc. He is also the owner of the stop motion film production enterprise Laika. Nike is an American international company that deals with the production of footwear, clothes, and accessories.

Nike is the largest supplier of athletic footwear, clothing and a leading manufacturer of sporting goods. The company generates revenues of more than $36.39 billion. In 2018, it was ranked among the top 100 largest United States companies by total revenue.

15. Sheldon Adelson – Richest People in America

Net worth: $35.5 B

Source of Wealth: Casinos

State: Nevada

Age: 85

sheldon-adelson

Sheldon Gary is an American mogul, investor humanitarian and political sponsor. He is the founder, chairman, and CEO of Las Vegas Sands Corporation.

The corporation is an American casino and resort company headquartered in Paradise, Nevada. It has interests in casinos, hotels, gambling, resorts, and entertainment.

The Las Vegas Sands conglomerate owns the Marina Bay Sands in Singapore, is the parent company of Venetian Resort Hotel Casino and the Sands Expo and Convention Center. Sheldon owns the Las Vegas Review-Journal (An American daily newspaper) and Israel Hayom (An Israel daily newspaper).

Sheldon’s Las Vegas Sands generates revenues of more than $2.84 billion in net income and controls assets worth over $22.3 billion. He is worth $35.5 billion ranking him the 15th richest individual in the United States.

Also Read: The Richest People in the World

14. Steve Ballmer

Net worth: $42.3 B

Source of Wealth: Microsoft

State: Washington

Age: 62

steve-ballmer

Steve Ballmer is an American business magnate and entrepreneur, former CEO of Microsoft (2000 – 2014) and the owner of the Los Angeles Clippers. (An American professional basketball team).

He has an estimated fortune of $42.3 billion, making him one of the wealthiest individuals in the US. Ballmer purchased Los Angeles Clippers for $2 billion.

13. Rob Walton

Net worth: $44.9 B

Source of Wealth: Walmart

State: Arkansas

Age: 74

rob-walton

Rob Walton is the 18th wealthiest individual in the world and an heir to the fortune of Walmart, Inc. He is the eldest son of Sam Walton and Helen Walton.

Rob is a director and former chairman (1992 – 2015) of Walmart Inc., the world’s largest retailer. He and other heirs of Sam Walton jointly control around half of Walmart’s stock. Walton is a well-known collector of automobiles.

12. Alice Walton

Net worth: $44.9 B

Source of Wealth: Walmart

State: Texas

Age: 69

alice-walton

Worth over $44.9 billion, Alice Walton is an American businesswoman, art collector and an heiress to the fortune of Walmart Inc. She is the only daughter of Walmart founder Sam Walton and the 2nd richest woman in the world after Francoise Bettencourt Meyers.

Alice is reported to own over $11 billion in Walmart shares. Her personal art collection is valued at hundreds of millions of dollars.

11. Jim Walton – Richest People in America

Net worth: $45.2 B

Source of Wealth: Walmart

State: Arkansas

Age: 70

jim-walton

Jim Walton is an American billionaire, Chairman, and CEO of Arvest Bank Group, Inc. The bank is based in Bentonville, Arkansas with branches in Kansas, Oklahoma, and Missouri. It is owned by the Walton family.

Arvest Bank is one of the largest banks in the United States and the oldest in Arkansas. As of 2018, It had a net income of $0.188 billion and controlled assets worth over $18 billion.

Jim is the youngest son of Sam Walton (Walmart founder) and an inheritor to the wealth of Walmart, the biggest retailer in the world. He has a fortune of $45.2, making him the 16th wealthiest individual in the world.

10. Sergey Brin

Net worth: $49.8 B

Source of Wealth: Google

State: California

Age: 45

sergey-brin

Sergey Brin is the co-founder of Google and the president of Alphabet Inc., Google’s parent company. He is a rich American Internet entrepreneur, a computer scientist with a net worth of $49.8 billion.

In 1998, when Brin was studying a Ph.D. at Stanford University he met Larry Page and together they founded Google search engine.

Also Read: The 10 Richest Women in the US Right Now

9. David Koch

Net worth: $53.5 B

Source of Wealth: Koch Industries

State: New York

Age: 78

david-koch

 David Koch is an American business magnate, humanitarian, chemical engineer, and political activist. He is worth $53.5 billion making him one of the richest people in America. David is the co-owner (together with older brother Charles Koch) and former executive vice president of Koch Industries.

David Koch has a 42% stake at Koch Industries, an American international company headquartered in Wichita, Kansas. The firm deals with the manufacturing, refining, and distribution of petroleum, minerals, fertilizers, fiber, pulp and paper, intermediates and polymers, chemical technology equipment, finance, energy, trading commodities, and ranching.

Koch has various subsidiaries such as Invista, Georgia-Pacific, Molex, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals, Matador Cattle Company, and Guardian Industries. The firm is the biggest landowner in the Athabasca oil sands and has 120,000 employees in 60 countries.

8. Charles Koch

Net worth: $53.5 B

Source of Wealth: Koch Industries

State: Kansas

Age: 82

charles-koch

American business entrepreneur, political sponsor, author and philanthropist Charles Koch is ranked the 11th richest individual in the world with a predicted wealth of $53.5 billion. He is the co-owner (together with brother David Koch), CEO and chairman of Koch Industries. He and his brother own a 42% stake of the company each.

Koch Industries is the second biggest privately owned company by income in the USA with annual revenues of $110 billion. It produces an extensive variety of famous brands such as the Lycra brand of spandex fiber, Dixie Cup, Stainmaster carpet and Quilted Northern tissue.

7. Larry Page – Richest People in America

Net worth: $53.8 B

Source of Wealth: Google

State: California

Age: 45

larry-page

Page is an American Technology/internet entrepreneur and computer scientist who founded Google search engine alongside Sergey Brin. Page is the CEO of Alphabet Inc., which is Google’s parent organization. He has an estimated fortune of $53.8 billion, making him the 10th richest person in the world.

Alphabet was formed in October 2015 to help restructure Google’s assets and is the 5th major tech firm in the world by income and among the world’s most valuable firms. It owns various subsidiaries including YouTube, DoubleClick, and Android.

Google search engine makes $929 per second

6. Michael Bloomberg

Net worth: $54.9 B

Source of Wealth: Bloomberg LP

State: New York

Age: 76

michael-bloomberg

Michael Bloomberg is a Co-founder and CEO of Bloomberg L.P, a multinational mass media, financial services, and software firm based in Midtown Manhattan, New York City. He is an American business mogul, politician (Former Mayor of New York City), author, humanitarian and is worth $55.5 billion. This makes him the world’s 9th wealthiest individual and the 6th richest person in the US.

Bloomberg offers financial services through the Bloomberg Terminal, which is the major revenue-generating product for the company. The firm also owns Bloomberg News, Bloomberg Television, websites, Bloomberg radio, and 2 magazines Bloomberg markets and Bloomberg Businessweek.

Also Read: The 10 Youngest Billionaires in the World

5. Mark Zuckerberg

Net worth: $61 B

Source of Wealth: Facebook

State: California

Age: 34

mark-zuckerberg

The fifth person on the list is Facebook Co-founder, chairman and CEO Mark Zuckerberg who is worth $61 billion. Facebook, Inc. is an American online social media and networking service company headquartered in Menlo Park, California. Zuckerberg is the youngest person on the list being just 35 years of Age. He owns a 15% stake at Facebook.

In 2007, Zuckerberg became the world’s youngest self-made billionaire at the age of 23. As of 2019, he is the only individual under 50 in the top ten wealthiest people in the world, and the only one under 40 in the top 20 richest people in the world.

Mark Zuckerberg is also the co-founder and board member of the Solar Sail spacecraft development project and Breakthrough Starshot.

4. Larry Ellison – Richest People in America

Net worth: $62.5 B

Source of Wealth: Oracle

State: California

Age: 74

larry-ellison

Born August 1944, Larry Ellison is an American business entrepreneur and philanthropist. He is the founder, executive chairman, and chief technology officer (CTO) at Oracle Corporation, an American software company based in Redwood Shores, California.

In 2018, Oracle was the third biggest software firm by revenue. In 2016, Oracle acquired cloud-software company NetSuite for $9.3B.

Larry Ellison is the 7th richest individual in the world and the 4th wealthiest person in the United States with a net worth of $62.5 billion.

3. Warren Buffett

Net worth: $88.3 B

Source of Wealth: Berkshire Hathaway

State: Nebraska

Age: 88

warren-buffet

Chairman and CEO of Berkshire Hathaway, Warren Buffet is an American business entrepreneur and one of the richest people in America. He has a net worth of $88.3 billion and is considered one of the most successful investors in the world.

Berkshire Hathaway is an American conglomerate holding company based in Omaha, Nebraska, United States which owns more than 60 companies including battery manufacturer Duracell, restaurant chain Dairy Queen, and insurer GEICO.

2. Bill Gates

Net worth: $97 B

Source of Wealth: Microsoft

State: Washington

Age: 63

bill-gates

Bill Gates is the second-richest person in the world with a fortune of $97 billion. He is an American tech entrepreneur, investor, author, humanitarian and founder of Microsoft, the largest PC software company in the world.

Gates is also a co-founder of the Bill & Melinda Gates Foundation (BMGH), a charitable organization believed to the biggest private foundation globally, holding $50.7 billion in assets.

1. Jeff Bezos – Richest People in America

Net worth: $160 B

Source of Wealth: Amazon

State: Washington

Age: 54

jeff-bezos

Jeff Bezos is an American technology entrepreneur, investor and indeed the richest man in the world with a whopping net worth of 160 billion US Dollars ($160B). Being the only person on this list with over $100B, He is the founder and CEO of Amazon, an American giant technology company that has its headquarters in Seattle, Washington DC.

Amazon focuses on e-commerce, digital streaming, cloud computing, and artificial intelligence. In 2018, Amazon hit $230 billion in revenue and $10 billion in net profit, up from $3 billion in 2017. Jeff Bezos’ Amazon also has several acquisitions including The Washington Post, IMDb, Zappos, Alexa, Blue Origin and has 16% stake at Amazon.

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