Jeff Bezos tops Forbes richest Americans list third year in a row, Zoom Video Communications CEO new entrant
Trump's ranking dropped to No. 352 from 275 last year due to the pandemic.
By Reuters |
AFP
Amazon Chief Executive Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking dropped as the coronavirus pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday.
The aggregate wealth of the Forbes 400 list rose to a record $3.2 trillion, as the richest Americans continued to do well even though the pandemic has devastated the economy, which is short about 11 million jobs compared to where it was in February.
Eric Yuan, chief executive officer of Zoom Video Communications, which has become ubiquitous in the work-from-home era, was one of 18 newcomers on the list with a net worth of $11 billion.
Trump's ranking dropped to No. 352 from 275 last year and his net worth fell to $2.5 billion from $3.1 billion, as office buildings, hotels and resorts, have suffered during the pandemic. His business, the Trump Organization, owns property in all three categories.
Trump has long refused to release his tax records, and has been locked in a battle with Manhattan District Attorney Cyrus Vance, who subpoenaed Trump for eight years of personal and corporate returns.
The annual list can serve as a way to track the wealthiest people in the country who hold the most power, said Kerry Dolan, assistant managing editor of wealth at Forbes, in an interview with Reuters TV.
"As a society, we all should know who is behind the biggest companies and what they're doing with their money," she said.
The aggregate wealth of the Forbes 400 list rose to a record $3.2 trillion, as the richest Americans continued to do well even though the pandemic has devastated the economy, which is short about 11 million jobs compared to where it was in February.
Eric Yuan, chief executive officer of Zoom Video Communications, which has become ubiquitous in the work-from-home era, was one of 18 newcomers on the list with a net worth of $11 billion.
Trump's ranking dropped to No. 352 from 275 last year and his net worth fell to $2.5 billion from $3.1 billion, as office buildings, hotels and resorts, have suffered during the pandemic. His business, the Trump Organization, owns property in all three categories.
Trump has long refused to release his tax records, and has been locked in a battle with Manhattan District Attorney Cyrus Vance, who subpoenaed Trump for eight years of personal and corporate returns.
The annual list can serve as a way to track the wealthiest people in the country who hold the most power, said Kerry Dolan, assistant managing editor of wealth at Forbes, in an interview with Reuters TV.
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"As a society, we all should know who is behind the biggest companies and what they're doing with their money," she said.
Famous last names are a constant feature on rich lists. But in this age of the superstar CEO, even non-promoter names can be spotted on the list of the wealthiest. The IIFL Wealth Hurun India Rich List 2019 has compiled the names of the ‘richest non-promoter Indians.’
In this top 10 list, only one name totes resident Indian tag. The other nine are CEOs of Indian-origin, heading companies in the US.
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