Monday, July 28, 2014         

 Print   Email   Comment | View 7 Comments   Most Popular   Save   Post   Retweet

Lanai owner 5th in list of world's top billionaires

Omidyar ranked at 162

By Associated Press

LAST UPDATED: 01:40 p.m. HST, Mar 03, 2014

NEW YORK » Lanai island owner and Oracle co-founder Larry Ellison is the fifth richest person in the world, according to Forbes magazine's annual ranking of the world's top billionaires.

Microsoft co-founder Bill Gates is once again the world's richest person.

Gates, who led the list for 15 of the past 20 years, won the spot back from Mexican telecom mogul Carlos Slim Helu, who had topped the list for the past four years. Gates' net worth is estimated at $76 billion; Slim Helu follows at $72 billion.

Spanish clothing magnate Amancio Ortega, known for the Zara retail chain, maintained his No. 3 spot and came out ahead of famed U.S. investor Warren Buffett, who ranked fourth. Larry Ellison of Oracle came in fifth with an estimated worth of $48 billion.

Hawaii resident and eBay creator Pierre Omidyar is also on the list. He's ranked as the 162nd richest billionaire with an estimated worth of $8.2 billion.

Forbes says a record 1,645 billionaires made the list this year, with an average net worth of $4.7 billion. That's up from 1,426 billionaires last year with a net worth of $4.2 billion. Total net worth of this year's list was $6.4 trillion, up from $5.4 trillion last year.

The magazine said that 1,080 of the billionaires were self-made, 207 inherited their wealth and 352 inherited a portion but are still growing it.

The largest net worth gainer on the list was Facebook's Mark Zuckerberg, who more than doubled his fortune to $28.5 billion as the value of his company's stock soared. He ranks 21st on the list.

The social media giant helped bring a few notable newcomers to the list, including Facebook's Chief Operating Officer Sheryl Sandberg and WhatsApp founders Jan Koum and Brian Acton, who recently sold their business to Facebook for $19 billion.

Forbes said 268 billionaires were new to the list, beating out a prior high of 226 newcomers in 2008. And a record number of women made the list this year, with 172 women joining, up 25 percent from last year.

Altogether 100 people dropped out of the rankings, while 16 passed away.

The U.S. was the country with the greatest number of billionaires at 492, followed by China with 152 and Russia with 111. Billionaires from four new countries joined, adding Algeria, Lithuania, Tanzania and Uganda to the geographic mix.

 Print   Email   Comment | View 7 Comments   Most Popular   Save   Post   Retweet

You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
environmental_lady wrote:
Maybe the Lanai owner can use some of his riches to help the families of the air crash victims, both of the dead and the injured. That would be a nice gesture.
on March 3,2014 | 12:45PM
Upperkula wrote:
Thats why they have insurance companies for.To cover accidents such as this, usually Hawaii's workers comp will kick in because all of these people were on the job at the time of the crash. My condolense to their families.
on March 3,2014 | 01:29PM
serious wrote:
He did not get that rich by being a nice guy--he's a fierce businessman. If anyone reads anymore: read the Billionaire and the Mechanic. Shows his education outside of college. And his competition. He was at the point where he couldn't pay his utility bills but he didn't join the Democratic group in CA and do the welfare bit, he fought his way with the 16 hr days and done good.
on March 3,2014 | 04:22PM
nippy68 wrote:
hawaiian island sold to an outsider..... are all the hawaiian islands up for sale??? wake up all you native hawaiians soon as you all know it all islands will be owned by the outsiders....
on March 3,2014 | 05:41PM
Manoa_Fisherman wrote:
Let's solve the homeless problem on Oahu and ship all those mainland folks dumped on us by other states with one way tickets to Lanai. I am sure Mr. Ellison will appreciate the irony of him having to deal with the dregs of mainland society that has been dumped on us. I am sure that all the money he saved in conveyance taxes can be put to good use in care and feeding of those people who find Hawaii a nice place to live.
on March 3,2014 | 06:43PM
rayhawaii wrote:
But are you happy with all of that money? I am barely surviving with bills and a baby on the way, but really happy. Would be more happy with no bills.
on March 3,2014 | 07:12PM
twitter6 wrote:
Would be nice if he could beef up his airlines and bring some competition to the airline industry. Somebody needs to humble the beast - Hawaiian Airlines.
on March 3,2014 | 07:36PM
Breaking News
Political Radar
On policy

Warrior Beat
Apple fallout

Wassup Wit Dat!
Can You Spock ‘Em?

Warrior Beat
Meal plan

Volley Shots
Fey, Enriques on MJNT

Political Radar
Wilhelmina Rise, et al.

Court Sense
Cold War