The aggregate wealth of the list is $3.2 trillion, up 8% from a year ago and a record in the four decades Forbes has tracked the richest Americans’ fortunes. A record 233 U.S billionaires did not make the cut this year, falling short of the $2.1 billion minimum needed to make the list. watch
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Jeff Bezos, CEO and founder of Amazon remains in the top spot on the 2020 Forbes 400 list for the third consecutive year. Bezos’ fortune of $179 billion, as of July 24, 2020, is up 57% from last year. He also also reached a record-breaking $200 billion, becoming the first person in history to cross this milestone.
There were 25 drop-offs who made the 2019 list but fell off this year’s ranking; ten of those were due in part to setbacks related to the Covid-19 outbreak. There are 18 newcomers on this year’s list including: Eric Yuan, CEO of Zoom Video Communications, with a net worth of $11 billion; Jim Koch, cofounder and chairman of the Boston Beer Company, producer of Samuel Adams Beer, with a net worth of $2.6 billion; and at age 38 the youngest newcomer, Trevor Milton, founder of electric and hydrogen-electric truck maker Nikola.
Donald Trump’s ranking dropped to No. 352 from 275 in 2019, and his net worth dropped to $2.5 billion from last year’s $3.1 billion, as the value of office buildings, hotels and resorts have taken a hit amid the pandemic.
The Forbes 400 magazine issue also features five consecutive covers, including: Netflix co-CEO Reed Hastings, Asana CEO Dustin Moskovitz, entertainment mogul Tyler Perry, biotech billionaire Patrick Soon-Shiong and impact investor Amy Novogratz.
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