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The Forbes 400 Richest Americans

by Matthew Miller and Duncan Greenberg
Wednesday, September 17, 2008
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Michael-Dell.jpg
©AP Photo/Paul Sakuma

11. Michael Dell

Net Worth: $17.3 billion
Source: Dell
Residence: Austin, Tex.
Age: 43
Marital Status: Married, 4 children

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  • Computer king returned to chief executive post at his P.C. outfit last year; stock down 18% since. Plunging margins and higher marketing costs pushed second-quarter profits down 17%.
  • Still believes in PCs; has bought $200 million worth of Dell stock since July.
  • Launched service centers in Wal-Mart to compete with Best Buy’s Geek Squad.
  • Started business out of U. of Texas dorm room in 1984 with $1,000.
  • Built business with direct-sales method, public 1988.
  • Majority of wealth invested via MSD Capital.
  • Michael & Susan Dell Foundation supports education, health initiatives; endowment exceeds $1 billion.
Paul-Gardner-Allen.jpg

12. Paul Allen

Net Worth: $16 billion
Source: Microsoft, investments
Residence: Seattle
Age: 55
Marital Status: Single

  • Washington State dropout founded Microsoft with school chum Bill Gates in 1975.
  • Left Microsoft in 1983 after Hodgkin’s disease diagnosis.
  • Sold off much of his stake to lose huge sums on far-off visions through holding company Vulcan.
  • Microsoft still makes up 20% of his fortune; shares down 29% since October highs amid botched buyout attempt of Yahoo, worries company can’t compete with Google.
  • Stake in cable outfit Charter Communications down 45% since May.
  • Dabbles in odd tech projects; donated $25 million to researchers scanning outer space for signs of intelligent alien life, millions more to create Allen Institute for Brain Science, which maps gene activity in humans and mice.
  • Guitar fanatic owns a rock ’n’ roll museum, Jimi Hendrix music rights and artifacts.
  • Also owns football’s Seattle Seahawks and basketball’s Portland Trailblazers; expanding into pro soccer with Seattle Sounders MLS team in 2009.
Sergey-Brin.jpg
©AP Photo/Paul Sakuma

13. Sergey Brin

Net Worth: $15.9 billion
Source: Google
Residence: Palo Alto, Calif.
Age: 35
Marital Status: Married

  • With partner Larry Page, continues to wage the battle for tech dominance.
  • Last month the Google Guys took the fight to Microsoft with the launch of Web browser Chrome; attempting to steal some of Internet Explorer’s 75% market share.
  • Professors’ sons met in computer science Ph.D. program at Stanford.
  • Duo dropped out in 1998 to start Google from friend’s garage.
  • Brin emigrated from Russia, Page raised in Michigan.
  • Initial financing came from angel investors K. Ram Shriram, Andy von Bechtolsheim, professor David Cheriton; then superstar venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital pitched in $25 million.
  • Longtime tech exec Eric Schmidt brought on 2001; took company public 2004.
  • Stock down 40% since all-time highs last November. Sales: $16.6 billion. Net margins: 25%.
  • Brin focuses on technology.
Larry-E-Page.jpg
©AP Photo/Paul Sakuma

14. Larry Page

Net Worth: $15.8 billion
Source: Google
Residence: San Francisco
Age: 35
Marital Status: Married

  • With partner Sergey Brin, continues to wage the battle for tech dominance.
  • Last month the Google Guys took the fight to Microsoft with the launch of Web browser Chrome; attempting to steal some of Internet Explorer’s 75% market share.
  • Professors’ sons met in computer science Ph.D. program at Stanford.
  • Duo dropped out in 1998 to start Google from friend’s garage.
  • Brin emigrated from Russia, Page raised in Michigan.
  • Initial financing came from angel investors K. Ram Shriram, Andy von Bechtolsheim, professor David Cheriton; then superstar venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital pitched in $25 million.
  • Longtime tech exec Eric Schmidt brought on 2001; took company public 2004.
  • Stock down 40% since all-time highs last November. Sales: $16.6 billion. Net margins: 25%.
  • Page heads product division.
Sheldon-Adelson.jpg
©AP Photo/Kin Cheung

15. Sheldon Adelson

Net Worth: $15 billion
Source: Casinos
Residence: Las Vegas
Age: 75
Marital Status: Divorced, remarried; 5 children

  • Rough year for Sin City’s richest man. America’s 3rd-richest man last year has seen fortune dwindle by $13 billion; shares of his Las Vegas Sands casino company have fallen 65% since last October as gamblers stay home, Wall Street falls out of love with Macau.
  • Cabdriver’s son borrowed $200 from uncle to sell newspapers at age 12.
  • Created computer industry’s marquee event, Comdex, mid-1980s; sold show to Japan’s Softbank for $862 million 1995.
  • Built $1.5 billion all-suites Venetian Resort Hotel Casino and the 1.2-million-square-foot Sands Convention Center 1997.
  • Enticed conventioneers to Sin City midweek, took emphasis off gambling.
  • In January opened $1.9 billion Palazzo resort next to nemesis Steve Wynn’s Wynn Las Vegas.
  • Unveiled $2.4 billion Venetian Macau in China last August; 10.5-million-square-foot mega-resort features 3,400 slots, 800 tables, 3,000 suites and a convention center.
  • Owns Israeli newspaper Israel Today.

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