Forbes list includes four billionaires from the KC area
03/04/2013 1:26 PM
05/16/2014 9:21 PM
Mexico’s Carlos Slim remains the world’s richest man for the fourth year in a row, according to Forbes, while Warren Buffett dropped out of the top three for the first time since 2000.
And Facebook’s Mark Zuckerberg saw his ranking drop 31 spots as his net worth declined by $4.2 billion.
Four of the world’s billionaires call the Kansas City area home, according to the Forbes ranking.
Garmin Ltd. co-founders Min Kao and Gary Burrell rank highest in the foursome: Kao at No. 704 worth $2.1 billion and Burrell No. 1,107 worth $1.3 billion.
Neal Patterson, co-founder of Cerner Corp. weighed in at No. 1,031 with a net worth of $1.4 billion.
Donald Hall, chairman of Hallmark Cards Inc., ranked No. 1,342 worth $1 billion, the cutoff point for the list.
Kansas sports the highest ranking billionaire regionally.
Charles Koch of Wichita and Koch Industries Inc. ranked No. 6 globally worth $34 billion. That’s a tie with brother David Koch who lives in New York City.
In Missouri, Columbia’s richest couple made the list. Stanley Kroenke, whose wealth includes real estate and pro sports teams, ranked 248th with $5 billion of net worth, ahead of Ann Walton Kroenke, No. 276 at $4.5 billion and the niece of Wal-mart Stores Inc. founder Sam Walton.
St. Louis’s two billionaires are Jack Taylor, the Enterprise Rent-A-Car founder who ranks on the list with his family at No. 94 and $11 billion, and Pauline MacMillan Keinath, at No. 395 and $3.4 billion from her part ownership of Cargill Inc. founded by her great grandfather.
A record 1,426 people around the world made Forbes magazine’s latest annual tally of billionaires, up 16 percent from last year. Their average net worth was $3.8 billion, rising 3 percent from 2012. The total net worth for the list’s billionaires was $5.4 trillion compared with $4.6 trillion a year ago.
The U.S. continued to house the most billionaires in the world, with 442 of them. It was followed by the Asia-Pacific region, with Europe rounding out the top three.
There were 210 new faces on the list, with Forbes saying many were helped by rebounding equity markets and strong consumer brands.
Slim’s net worth increased to $73 billion from $69 billion a year earlier. Bill Gates of Microsoft Corp. held on to second place with a net worth of $67 billion.
Berkshire Hathaway Inc.’s Buffett slipped to the fourth spot with a $53.5 billion net worth. Buffett was surpassed by Spanish clothier Amancio Ortega, who jumped two spots from 2012 with a net worth of $57 billion.
While Buffett dropped in the rankings, he added $9.5 billion to his net worth – making him the second-biggest gainer of the year. The largest gainer was Ortega, who added $19.5 billion to his net worth.
There were 138 women on the list, up from 2012’s 104. Liliane Bettencourt – whose family owns a stake in L’Oreal – is the world’s richest woman with a net worth of $30 billion.
Brazil’s Eike Batista had the biggest drop in his net worth, with it declining $19.4 billion from the previous year. Facebook’s Zuckerberg saw his net worth fall to $13.3 billion from $17.5 billion. His ranking fell to No. 66 from No. 35 in 2012.
There were 60 people that dropped off the list entirely, including Zynga’s Mark Pincus and former Chesapeake Energy CEO Aubrey McClendon.
The Star’s Mark Davis contributed to this story.