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'Forbes 400' No. 1 spot holder Bill Gates. Photo: RAMIN TALAIE/GETTY IMAGES

‘Forbes 400’ reveals America’s richest people

Rich people in America just keep getting richer. The combined wealth of this year’s people on the Forbes 400 list is $2.34 trillion.

This number, released Tuesday, is the highest ever. The list also has an average net worth of $5.8 billion, according to SF Gate, and a “cost of admission” of $1.7 billion.

There are some well-known names at the top of the list. Bill Gates has held the top spot for 22 years and this year is no different.

Despite the fact that Gates stepped down as chairman of Microsoft in 2014, he has a net worth of $76 billion. However, that number is down $5 billion from last year.

Warren Buffet comes in at No. 2 with a solid $62 billion. Larry Ellison, a Bay Area billionaire, ranked in third with a net worth of $47.5 billion.

Jeff Bezos, Amazon CEO and founder, came in at No. 4 with $47 billion. He made this year’s largest gain, increasing $16.5 billion from last year. The Koch brothers rounded out the top five with $41 billion each, CBS reports.

And everyone has been wondering just how much the presidential candidate and mouthy businessman Donald Trump is worth. Forbes finally answered our question.

Trump ranked 121st on the list with a net worth of $4.5 billion, though he regularly says he’s worth $10 billon. Of course, Trump had something to say about his rank. “I’m running for president,” Trump said in an interview with Forbes Tuesday, “I’m worth much more than you have me down [for].”

Trump was basically tied with Theranos CEO Elizabeth Holmes, who is the youngest woman considered a self-made billionare, and Walmart heiress Ann Walton Kroenke.

Trump said that the magazine is trying to make him appear “as poor as possible.” “You’re going to look bad,” Trump said, according to NY Daily News.

Trump is the only politician on the Forbes 400. But, political influencers such as liberal mega donor George Soros, Sheldon Adelson and former New York City mayor Michael Bloombery, according to Chronicle.

Although many RICH people made the list, 145 American billionaires did not make the cut. And women are really struggling to make the list. Only 13 percent of the people on the list are women and many of those women inherited their money.

But, inheriting money is one of the easiest ways to get on the list. Nearly half of them inherited their money. Ah, the life.

About Meredith Rodefer

Meredith Rodefer
Meredith Rodefer is a freelance writer, who focuses on anything from lifestyle blogging to hard news, and dancer. Beyond Youth Independent, she has written for sites such as Natmonitor.com, CheekyChicago.com and FamilyFocusBlog.com. Contact Meredith: meredith.rodefer@youthindependent.com