Wealthiest 120 in US worth total of dollars 251bn
Wednesday 06 July 1994
The latest list of the world's billionaires, compiled by Forbes magazine, contains 47 more names than last year.
The rest of the world outside the US has 238 entrants worth dollars 514bn. Forty-two are German, 36 Japanese and a surprising 24 come from Mexico. Forbes notes that the booming economies of Latin America are now producing more new billionaires than any other region of the world.
Topping the Forbes list is the family of the late Sam Walton, who made his fortune through his retailing chain. The Waltons are estimated to be worth dollars 23.6bn, more than double the dollars 9.6bn net worth of the second- placed Mars family, of chocolate bar fame.
Bill Gates, founder of Microsoft, is the richest US individual on the list, having edged ahead of the stock market investor Warren Buffet since last year. Mr Gates' net worth is listed as dollars 8.2bn, just behind the Japanese property and railways magnate Yoshiaki Tsutsumi's dollars 8.5bn.
Britain makes a modest contribution with five entries. David Sainsbury and his supermarket owning family come out on top at dollars 4.4bn, followed at dollars 2.2bn by Garry Weston and family, controlling shareholders of Associated British Foods.
The family of the late John Moores, the football pools tycoon who died last year aged 97, is listed as worth dollars 1.8bn, while the entrepreneur Richard Branson weighs in at dollars 1.1bn. Completing the UK entrants is the Schroder family, which founded the investment bank 176 years ago.
- 1 Michael Douglas regrets 'embarrassing' Catherine Zeta-Jones with oral sex comments
- 2 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 3 Tunisian builder has been hailed a hero after knocking gunman to the ground with roof tiles
- 4 German ethics council calls for incest between siblings to be legalised by Government
- 5 E.L James's #AskELJames Twitter Q&A didn't go exactly as planned
Kim Jong-un shows off airport designed by architect he likely had executed
Michael Douglas regrets 'embarrassing' Catherine Zeta-Jones with oral sex comments
Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
Dutch city of Utrecht to experiment with a universal, unconditional 'basic income'
German ethics council calls for incest between siblings to be legalised by Government
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
David Cameron struck double blow in his hopes to win Britain a new EU deal
Extend Right To Buy to tenants of private landlords, Labour's Jeremy Corbyn says
Pentagon accuses Russia of 'playing with fire' over nuclear threats towards Nato
iJobs Money & Business
£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...
Negotiable: Recruitment Genius: This extremely successful and well-established...
Competitive with monthly bonus: Guru Careers: We are seeking an experienced FX...
Competitive (Freelance) : Guru Careers: An Investment Writer / Stock Picker is...