400 richest Americans
| (also known as the 400 Richest Americans) | |
|---|---|
| List of 400 US residents, ranked in order of net worth | |
 |
|
| Publication details | |
| Publisher |
|
| Publication | Forbes |
| First published | 1982 by Malcolm Forbes |
| Latest publication | March 4, 2016 |
| Current list details (2016) | |
| Wealthiest | Bill Gates |
| Net worth (1st) |
 US$81 billion
|
| Entry point (400th) |
US$1.70 billion
|
| Forbes 400 website | |
The Forbes 400 or 400 Richest Americans is a list published by Forbes magazine of the wealthiest 400 American residents, ranked by net worth. The list is published annually in September, and 2011 marked the 30th issue. The 400 was started by Malcolm Forbes in 1982. Peter W. Bernstein and Annalyn Swan describe the Forbes 400 as capturing "a period of extraordinary individual and entrepreneurial energy, a time unlike the extended postwar years, from 1945 to 1982, when American society emphasized the power of corporations." Bernstein and Swan also describe it as representing "a powerful argument – and sometimes a dream – about the social value of wealth in contemporary America."
Inherited wealth may help explain why many Americans who have become rich may have had a "substantial head start". In September 2012, according to the Institute for Policy Studies, "over 60 percent" of the Forbes richest 400 Americans "grew up in substantial privilege".
The current list of members of the Forbes 400 is updated usually in September of each year.
The Forbes 400 reports who dominates the wealth in United States. They annually create a list of the richest people in America to exhibit the shape of the economy. The magazine displays the story of someone's rise to fame, their company, age, industrial residence, and education. The list portrays the financial shift of trends, leadership positions, and growing philanthropy intentions.
In the first Forbes 400 list, there were only 13 billionaires, and a net worth of 75 Million USD secured a spot on the list. The 1982 list represented 2.8% of the Gross Domestic Product of the United States. The 1982 Forbes 400 had 22.8% of the list composed of oil fortunes, with 15.3% from manufacturing, 9% from finance and only 3% from technology driven fortunes. The state of New York had the most representation on the list with 77 members followed by California with 48.
In the year 2000, Forbes 400 saw the highest percent of the Gross Domestic Product represented by the list at 12.2% driven by the internet boom.
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