360° Coverage : Three Indian-Americans among America's 400 richest

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Three Indian-Americans among America's 400 richest
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Three Indian-Americans among America's 400 richest

Sep 16 2013, 11:30pm CDT | by IANS

Washington, Sep 17 (IANS) Three Indian-Americans figure among America's 400 richest people with Microsoft co-founder Bill Gates retaining the top spot on the Forbes list for the twentieth straight year, at $72 billion.

Washington, Sep 17 — Three Indian-Americans figure among America's 400 richest people with Microsoft co-founder Bill Gates retaining the top spot on the Forbes list for the twentieth straight year,...

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1 year ago

Three Indian-Americans among America's 400 richest

Sep 16 2013, 11:30pm CDT | by IANS

Washington, Sep 17 (IANS) Three Indian-Americans figure among America's 400 richest people with Microsoft co-founder Bill Gates retaining the top spot on the Forbes list for the twentieth straight year, at $72 billion.

Washington, Sep 17 — Three Indian-Americans figure among America's 400 richest people with Microsoft co-founder Bill Gates retaining the top spot on the Forbes list for the twentieth straight year, at $72 billion.

Up $6 billion from 2012, Gates is once again the world's richest person, having passed Mexico's Carlos Slim in May.

Topping the Indian-American list was Florida outsourcer Bharat Desai & family with a net worth of $2.2 billion in the 252nd position. He was followed California software manufacturer Romesh T Wadhwani with a net worth of 2.1 billion. California venture capitalist Vinod Khosla was ranked 352 with a net worth of $1.5 billion

Investor Warren Buffett, the second richest is the biggest dollar gainer this year at $58.5 billion, up $12.5 billion from last year.

Oracle co-founder Larry Ellison at number three, worth $41 billion, is the same as last year; he is the only one in the Top 10 who did not add to his fortune.

FaceBook founderMark Zuckerberg was the second biggest gainer at $9.6 billion. He returns to the Top 20 (number 20) at $19 billion after dropping to 36th position last year.

The combined wealth of the Forbes' 2013 ranking of the richest people in America is $2 trillion, up from $1.7 trillion in 2012 and the highest ever, due in part to the strength of both the US stock and real estate markets.

The average net worth of a Forbes 400 member is a staggering $5 billion, the highest to date, up from $4.2 billion last year. Net worth increased for 314 members, and decreased for 30 members.

IANS

Source: IANS

 
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11

1 day ago

Chevron Greases Local Election With Gusher of Cash

Oct 22 2014 9:34am CDT | Source: Truthout Stories

(Image: AK Rockefeller) Truthout can only survive through reader support - click here to make a tax-deductible donation and help publish journalism with real integrity and independence! When the Citizens United decision came down in 2010, many feared the Supreme Court had unleashed vast and unfettered campaign contributions from corporations bent on tightening their hammerlock on government and politics. That hasn't happen as much as anticipated – yet. Individual billionaires and million ...
Source: Truthout Stories   Full article at: Truthout Stories
 

 
Update
10

1 day ago

Chevron Greases Local Election With Gusher of Cash

Oct 22 2014 9:34am CDT | Source: Truthout Stories

(Image: AK Rockefeller) Truthout can only survive through reader support - click here to make a tax-deductible donation and help publish journalism with real integrity and independence! When the Citizens United decision came down in 2010, many feared the Supreme Court had unleashed vast and unfettered campaign contributions from corporations bent on tightening their hammerlock on government and politics. That hasn't happen as much as antici ...
Source: Truthout Stories   Full article at: Truthout Stories
 

 
Update
9

1 day ago

Chevron Greases Local Election with Gusher of Cash

Oct 22 2014 6:14am CDT | Source: Politics - The Huffington Post

When the Citizens United decision came down in 2010, many feared the Supreme Court had unleashed vast and unfettered campaign contributions from corporations bent on tightening their hammerlock on government and politics. That hasn't happen as much as anticipated - yet. Individual billionaires and millionaires have dominated the scene instead. Perhaps it's in part because some corporations dipping their toes into new ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
8

2 weeks ago

Paul Krugman: Obama's Record On Fighting Inequality Is Better Than You Think

Oct 8 2014 3:46pm CDT | Source: Politics - The Huffington Post

Banks may still be too big to fail, wages are still flat, and the income gap is still widening, but economist Paul Krugman nevertheless calls President Barack Obama's handling of the economy and Wall Street "successful." In a nearly 4,400-word essay published in Rolling Stone, the Nobel laureate wrote that, when hindsight sharpens focus, the 44th president will be remembered for wrangling the big banks and reining in income inequality. “I don’t care about t ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
7

2 weeks ago

Buffett: Revamp corporate tax rules

Oct 7 2014 11:37am CDT | Source: POLITICO

"It's good to have a time out while we work out a logical corporate tax code, ...
Source: POLITICO   Full article at: POLITICO
 

 
Update
5

4 weeks ago

Alison Grimes Cites Agreement with McCain, Graham as Proof She's Not Pro-Amnesty

Sep 25 2014 2:50pm CDT | Source: Big Government

Democratic challenger Alison Lundergan Grimes, who is trailing incumbent Senator Mitch McConnell (R-KY) in the highly competitive Kentucky U.S. Senate race, is claiming in a new television ad that her support for the Gang of Eight "immigration reform" legislation, which McConnell voted against, is "not amnesty." And she's relying on the words of Senators John McCain (R-AZ) and Lindsey Graham (R-SC) to drive that point home in the commercial. Grim ...
Source: Big Government   Full article at: Big Government
 

 
Update
4

4 weeks ago

Exploding Inequality Is Threatening Our Democracy

Sep 24 2014 9:45am CDT | Source: Politics - The Huffington Post

In the course of human history, democratic governance is new, rare and exceedingly fragile. To keep it alive and healthy, we must be ever mindful of the dangers it faces. Although elections are only a part of the democratic process, they punctuate our attention. So how is democracy faring in America as we approach the fall mid-term elections? The answer is shocking. Soaring inequality has not only given ever growing shares of the economic pie to an elite, it is also slicing away at democracy. It ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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3

4 weeks ago

Is Burger King an economic patriot?

Sep 22 2014 6:35pm CDT | Source: WND

“Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.” Jefferson’s brutal verdict comes to mind in the fierce debate over inversions, those decisions by U.S. companies to buy foreign firms to move their headquarters abroad and renounce their U.S. citizenship – to evade the U.S. corporate tax rate of 35 percent. U.S. executives who enginee ...
Source: WND  Full article at: WND
 

 
Update
2

4 weeks ago

Michael Bloomberg: Detroit Is Just Like 1970s New York, And That's A Good Thing

Sep 18 2014 4:40pm CDT | Source: Politics - The Huffington Post

The 1970s are remembered as dark days for New York City, as it teetered on the edge of bankruptcy amid rampant crime, urban decay and population loss. While it feels like ancient history for New York now, those problems are mirrored in present-day Detroit -- but that could be a positive sign for the city, according to some top voices in the financial sphere. "Detroit is like New York City back in the '70s," former New York Mayor Michael Bloomberg said Thu ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
1

5 weeks ago

Billionaire Mike Bloomberg: 'Economy In Very Good Shape'

Sep 18 2014 1:38pm CDT | Source: Big Government

Two billionaires, the head of Goldman Sachs and a politician walk into a bar. Actually, this isn't the start of a joke, but a recent forum on "small business", sponsored by Goldman and Bloomberg News. Maybe it is a joke, because billionaire bon vivant Michael Bloomberg kicked off the discussion by noting that "the economy is in very good shape." What color is the sky in Bloomberg's world? Actually, that question answers itself, as Bloomberg has already re ...
Source: Big Government   Full article at: Big Government
 

 

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