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It's Forbes 400 Time Again

You now need $1.3B to make list of richest Americans

By Katherine Thompson,  Newser Staff

Posted Sep 21, 2007 7:15 AM CDT

(Newser) – In the 25th year of Forbes magazine's rankings of the 400 riches Americans, the net worth at the poor end of the list is $1.3 billion, up from a flat $1 billion a year ago. Microsoft founder Bill Gates still tops the list with $59 billion, closely followed by Warren Buffett ($52 million). Forty-five of the members appear on the list for the first time.

Kirk Kerkorian posted the biggest gain from last year by doubling his worth to $18 billion. Former Enron trader John Arnold is the youngest person on the list, at 33. Several notables dropped off, including Starbucks founder Howard Schultz and Campbell's Soup's Dorrance Hill Hamilton, who has been a feature on the list since it began.

Microsoft Corp. Chairman Bill Gates speaks at Launch Tour 2007 in Seattle, to tout the release of Microsoft Windows Vista in this Feb. 26, 2007 file photo. Forbes magazine releases its annual rankings of the nation's wealthiest individuals on Thursday, Sept. 20, 2007. (AP Photo/Ted S. Warren, file)
Microsoft Corp. Chairman Bill Gates speaks at "Launch Tour 2007" in Seattle, to tout the release of Microsoft Windows Vista in this Feb. 26, 2007 file photo. Forbes magazine releases its annual rankings...   (Associated Press)
Warren Buffett speaks at a forum/ fundraiser in New York in this June 26, 2007 file photo. Someday soon, Buffett may have to apply his legendary stock-picking skills to the candidates clamoring for his endorsement in the 2008 presidential race. For now, the plainspoken Nebraska billionaire appears to be enjoying...
Warren Buffett speaks at a forum/ fundraiser in New York in this June 26, 2007 file photo. Someday soon, Buffett may have to apply his legendary stock-picking skills to the candidates clamoring for his...   (Associated Press)
Graphic shows the 400 richest Americans, as compiled by Forbes magazine
Graphic shows the 400 richest Americans, as compiled by Forbes magazine   (Associated Press)
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