Elon Musk, Jeff Bezos and the 23 Other Richest People in the US
The rich don't always get richer in tumultuous times like these, but some fare better than others. Take Elon Musk. The Tesla CEO and soon-to-be owner of social media giant Twitter grew his net worth by a staggering $68 billion from March 2021 to March 2022, according to Forbes' 36th Annual World's Billionaires List, placing him at No. 1 on the annual list for the first time ever.
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Some of America's richest people made their fortune as innovators. Think of Musk with his electric cars and space rockets. Others were born into fortunes built by forebearers with names like Mars, Walton and Koch. Then there are people like Bill Gates, who spends most of his time and effort on giving money away through philanthropy, yet somehow, keeps getting richer.
Using data from Forbes' Real-Time Billionaire List, GOBankingRates identified the 25 richest people in America and ranked them in ascending order from least rich to richest. The list also includes their ages, net worths and the source of their fortunes.
Ray Dalio
U.S. wealth rank: 25
Overall wealth rank: 65
Net worth: $22 billion
Age: 72
Source of income: Hedge funds, self made
Ray Dalio is the founder and co-chief investment officer at Bridgewater Associates. With $154 billion in assets under management, Bridgewater is the largest hedge fund company in the world.
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Miriam Adelson
U.S. wealth rank: 24
Overall wealth rank: 57
Net worth: $24.5 billion
Age: 76
Source of income: Casinos
Miriam Adelson was married to Sheldon Adelson, former chair and CEO of the Las Vegas Sands, who died in 2021. Miriam, a medical doctor specializing in addiction, now owns over half of the Sands. The company has a $48 billion market capitalization.
Ken Griffin
U.S. wealth rank: 23
Overall wealth rank: 53
Net worth: $25.5 billion
Age: 53
Source of income: Hedge funds, self made
Ken Griffin turned his penchant for trading into a $39 billion hedge fund after founding Citadel Securities in 1990. The University of Chicago named its economics department after Griffin following his $150 million donation.
Jim Simons
U.S. wealth rank: 22
Overall wealth rank: 46
Net worth: $28.6 billion
Age: 84
Source of income: Hedge funds, self made
A former math professor and department chair at Stony Brook University, Jim Simons founded hedge fund firm Renaissance Technologies in 1982. Simons is still involved in the company's operations over a decade after he formally retired.
Stephen Schwarzman
U.S. wealth rank: 21
Overall wealth rank: 41
Net worth: $30.5 billion
Age: 75
Source of income: Investments, self made
Stephen Schwarzman is cofounder of the private equity firm Blackstone, which has $684 billion in assets. Although his cofounder, Peter Peterson, retired after the company went public in 2007, Schwarzman still serves as chair and CEO.
MacKenzie Scott
U.S. wealth rank: 20
Overall wealth rank: 40
Net worth: $31.2 billion
Age: 52
Source of income: Amazon
Mackenzie Scott's 2019 divorce from Amazon boss Jeff Bezos made the author and former hedge fund employee one of the richest people on Earth. She immediately put her newfound wealth to good use, becoming one of the world's most prolific philanthropists in that short time alone.
Jacqueline Mars
U.S. wealth rank: 18 (tie)
Overall wealth rank: 36 (tie)
Net worth: $32.8 billion
Age: 82
Source of income: Candy, pet food
John Mars' only living sibling is Jacqueline Mars. The company they inherited is famous for candy, but it's also a pet food giant with brands like Whiskas and Pedigree in its portfolio.
John Mars
U.S. wealth rank: 18 (tie)
Overall wealth rank: 36 (tie)
Net worth: $32.8 billion
Age: 86
Source of income: Candy, pet food
One of the only billionaires whose name makes you hungry, John Mars is the grandson of candy magnate Frank Mars. He and his two siblings inherited about a third of the famous sweets empire each.
Phil Knight and Family
U.S. wealth rank: 17
Overall wealth rank: 28
Net worth: $42.3 billion
Age: 84
Source of income: Nike, self made
Phil Knight co-founded Nike and oversaw its ascent to the pinnacle of the global athletic shoes and apparel industry. He formed what would become Nike with his old track coach with an investment of $500 each in 1964.
Michael Dell
U.S. wealth rank: 16
Overall wealth rank: 24
Net worth: $50.1 billion
Age: 57
Source of income: Dell, self made
Michael Dell struck it rich with the direct-order computer company that bears his name, and when Dell merged with EMT in 2016, the $60 billion deal was the largest tech acquisition in history. His side hustle is MSD Capital, which owns a portfolio of restaurants and hotels.
Julia Koch and Family
U.S. wealth rank: 14 (tied)
Overall wealth rank: 21 (tied)
Net worth: $61.4 billion
Age: 60
Source of income: Koch Industries
Along with her three children, Julia Koch inherited roughly 42 percent of Koch Industries when her husband, David Koch, died in 2019. She previously worked in the fashion industry.
Charles Koch
U.S. wealth rank: 14 (tied)
Overall wealth rank: 21 (tied)
Net worth: $61.4 billion
Age: 86
Source of income: Koch Industries
Charles Koch is known not only as a billionaire businessman, but as a heavyweight in the political donor class. Since 1967, he has served as chairman and CEO of Koch Industries, the company his father Fred Koch founded in 1940 after developing a new way to produce gasoline.
Rob Walton
U.S. wealth rank: 13
Overall wealth rank: 19
Net worth: $67.7 billion
Age: 77
Source of income: Walmart
The oldest son of legendary Walmart founder Sam Walton, Rob Walton took the mantle when the elder Walton died in 1992. Rob Walton and the rest of Sam Walton's heirs together own half of the stock of the company their father founded.
Alice Walton
U.S. wealth rank: 12
Overall wealth rank: 18
Net worth: $68 billion
Age: 72
Source of income: Walmart
The renegade of the Walmart heirs, Alice Walton is Sam Walton's only daughter. Unlike her siblings, company life was not for her. She pursued a career as an art curator and museum founder, instead.
Jim Walton
U.S. wealth rank: 11
Overall wealth rank: 16
Net worth: $68.6 billion
Age: 73
Source of income: Walmart
Sam Walton's youngest son is Jim Walton, who turned his seat on the company's board over to his own son, Steuart, in 2016. Instead, he serves as chairman of Arvest Bank, which--along with its $20 billion in assets--belongs to his family, as well.
Mark Zuckerberg
U.S. wealth rank: 10
Overall wealth rank: 15
Net worth: $69.4 billion
Age: 37
Source of income: Facebook, self made
Mark Zuckerberg built Facebook into the world's biggest social network, but he also used the company to acquire an astonishing collection of other companies. Most recently, Zuckerberg became the youngest person ever to cross $100 billion in personal wealth when Facebook-owned Instagram launched Reels as a competitor to TikTok in 2020. Facebook's name changed to Meta in 2021.
Michael Bloomberg
U.S. wealth rank: 9
Overall wealth rank: 13
Net worth: $82 billion
Age: 80
Source of income: Bloomberg LP, self made
Michael Bloomberg built his enormous fortune from the ground up, starting his Wall Street career at the entry level before building a financial empire that was based on media and technology. His second act was a political career that included a long run as the mayor of New York City.
Steve Ballmer
U.S. wealth rank: 8
Overall wealth rank: 11
Net worth: $84.7 billion
Age: 66
Source of income: Microsoft, self made
Stanford dropout Steve Ballmer joined Microsoft in 1980 as employee No. 30. As CEO from 2000-2014, he shepherded the company through the dot-com bust, the rise of Google, and Apple's most transformative era of innovation.
Sergey Brin
U.S. wealth rank: 7
Overall wealth rank: 9
Net worth: $93.8 billion
Age: 48
Source of income: Google, self made
Sergey Brin is no longer the president of Google's parent company Alphabet, but he remains a member of the board and a controlling shareholder. Along with Larry Page, he co-founded Google in 1998 while studying at Stanford.
Larry Ellison
U.S. wealth rank: 6
Overall wealth rank: 8
Net worth: $96.9 billion
Age: 77
Source of income: Oracle, self made
Larry Ellison still owns more than one-third of Oracle, the software giant he co-founded. He also sits on the board of Tesla, a position he has held since 2018 when he bought 3 million shares of Elon Musk's company.
Larry Page
U.S. wealth rank: 5
Overall wealth rank: 7
Net worth: $97.5 billion
Age: 49
Source of income: Google, self made
Like Sergey Brin, Larry Page was pursuing an advanced computer science degree at Stanford when he co-founded Google in 1998. He was instrumental in developing the PageRank algorithm that made it possible to search the early Internet. Although he stepped down as CEO of Alphabet, he remains a controlling shareholder.
Warren Buffett
U.S. wealth rank: 4
Overall wealth rank: 5
Net worth: $110.5 billion
Age: 91
Source of income: Berkshire Hathaway, self made
Warren Buffett's Berkshire Hathaway owns dozens of companies and brands, many of which, like Duracell and Geico, are household names. He also happens to be one of the most successful stock investors of all time.
Bill Gates
U.S. wealth rank: 3
Overall wealth rank: 4
Net worth: $125.1 billion
Age: 66
Source of income: Microsoft, self made
Bill Gates spent the first part of his life amassing one of the world's greatest fortunes and now seems intent on giving it away. Although he rose to power, prominence, and wealth as the founder of Microsoft, he is now best known for his philanthropic efforts through the world's largest charity, the Bill and Melinda Gates Foundation.
Jeff Bezos
U.S. wealth rank: 2
Overall wealth rank: 3
Net worth: $133.4 billion
Age: 58
Source of income: Amazon, self made
Bezos amassed a fortune from Amazon, the e-commerce powerhouse he started out of his garage in 1994. Bezos stepped down as CEO in 2021 but still serves as executive chairman. Other ventures include The Washington Post and Blue Origin. A drop in Amazon's stock price and donations Bezos made to charity bumped him out of the No. 1 spot on Forbes' annual billionaires list for the first time in four years.
Elon Musk
U.S. wealth rank: 1
Overall wealth rank: 1
Net worth: $222.6 billion
Age: 50
Source of income: Tesla, SpaceX, self made
Elon Musk, the cofounder and CEO of electric vehicle maker Tesla and CEO of SpaceX, might acquire a new title in the coming months: temporary CEO of Twitter. Musk's takeover attempt is expected to result in a $44 billion purchase of the social media platform. He currently owns a 9.1% stake in the company in addition to a 21% stake in Tesla. SpaceX, Musk's private space company, is worth $100 billion.
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Daria Uhlig contributed to the reporting for this article.
This article originally appeared on GOBankingRates.com: Elon Musk, Jeff Bezos and the 23 Other Richest People in the US
