Who is number one on the latest Forbes 400 list?
The United States’ 400 wealthiest citizens have lost $US300 billion of net worth over the last financial year due to the global financial crisis, the latest Forbes 400 list reveals. Warren Buffett, while remaining steady at number two since last year, took the biggest hit. He lost $US10 billion of net worth due to share price drops in his firm Berkshire Hathaway, now worth $US40 billion. At the top of the list, Bill Gates’ fortune tumbled US$7 billion from last year. The Microsoft Corp founder is now worth $US50 billion. Oracle Corp founder Lawrence Ellison, ranked as the country’s third richest person, was the only one of the top 10 to not suffer a loss. His net worth remained constant at $US27 billion. But the top 100 combined lost almost US$40 billion and the net worth of all 400 combined fell 19%, from $US1.57 trillion to $US1.27 trillion. Forbes 400 list editor Matthew Miller said the results are a “bloodbath”, Reuters reports. “No one is going to cry for any of these super-rich g
