4.6 • 12 Ratings
🗓️ 10 October 2024
⏱️ 5 minutes
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Making, and staying on, Forbes’ ranking of the richest people in America is no easy feat. Only 11 out of 1,739 have made it every single year since inception.
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0:00.0 | Here's your Forbes Daily Briefing for Thursday, October 10th. |
0:05.0 | Today on Forbes, Perfect Streets. |
0:09.0 | These 11 billionaires have never missed the Forbes 400 list. |
0:14.0 | Over the 43 years that Forbes has published the Forbes 400, |
0:17.3 | a total of 1,739 moguls, heirs, and celebrities |
0:22.2 | have made the ranking of America's richest people. |
0:25.0 | Economic booms, busts, good old-fashioned competition, |
0:29.0 | and, of course, father time, have ensured that the list has never featured the exact same 400 people two years in a row. |
0:37.0 | A few flashes in the pan only make the grade for a year. |
0:41.0 | Many others spend a decade or two in the ranks before dropping off or passing away. |
0:45.0 | But a lucky few, the legendary 11, have had staying power, |
0:50.0 | managing to earn a spot on the Forbes 400 every year since its 1982 inception. |
0:55.0 | In all, they are worth an estimated $342.3 billion today, |
1:01.0 | up from $3.8 billion all the way back in 1982 when they first appeared on Forbes' |
1:06.0 | ranking. That $3.8 billion in 1982 is equivalent to 12.2 billion in today's dollars. |
1:13.0 | This means they have grown their wealth by some 8,900 percent, |
1:17.0 | more than double the 4,200 percent growth of the S&P 500. |
1:22.0 | The average age of the 11 is 88 years old. |
1:25.0 | When Forbes first published the Forbes 400, |
1:28.0 | Warren Buffett was the 52-year-old chairman of a 1.5 billion dollar in assets Berkshire Hathaway. |
1:35.0 | Back then, Forbes wrote, quote, lives modestly, estimated net worth $250 million. |
1:42.0 | Four decades later, Berkshire is $250 million.00. |
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