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Letter to the editor

'Forbes' list has $1.3B buy-in

George Steinbrenner, the Yankees owner and a Tampa resident, joins the elite club.

By Times staff and wires
Published September 21, 2007

NEW YORK - The New York Yankees may still be trailing the Boston Red Sox in the standings, but team owner and Tampa resident George Steinbrenner III had a reason to celebrate Thursday.

With a net worth of $1.3-billion, Steinbrenner, 77, placed 380th among the 400 richest Americans, according to Forbes magazine's ranking for 2007. It was his first appearance on the list.

Shopping center developer and Tampa resident Eddie DeBartolo Jr., 60, was 271st with $1.8-billion, down from 242nd last year.

St. Petersburg resident Bill Morean, 52, chairman of electronics assembler Jabil Circuits, fell off the list. He was 374th last year, with a net worth of $1-billion.

For the first time, it takes more than $1-billion earn a spot on Forbes' list of the 400 richest Americans. The minimum net worth for inclusion this year was $1.3-billion, up $300-million from last year.

Who's at the top? Microsoft Corp. founder Bill Gates, 51, led the list for the 14th straight year, with a net worth of $59-billion.

Times staff writer Ron Saar contributed to this report.

Forbes' richest Americans

The Top 5
Listings show ranking, individual, age. net worth, residence and source of income.
1. William Gates III, 51, $59-billion, Medina, Wash., Microsoft
2. Warren Buffett, 77, $52-billion, Omaha, Neb., Berkshire Hathaway
3. Sheldon Adelson, 74, $28-billion, Las Vegas, casinos, hotels
4. Lawrence Ellison, 63, 26-billion, Redwood City, Calif., Oracle
5. Sergey Brin, 34, 18.5-billion, Palo Alto, Calif, Google
5 (tie). Larry Page, 34, 18.5-billion, San Francisco, Google 

Top Sunshine Staters
Listings show ranking, individual, age. net worth, residence and source of income.
31. John Kluge, 93, $9.5-billion, Palm Beach, Metromedia
55. Micky Arison, 58, $5.8-billion, Bal Harbour, Carnival Cruises
135. John MacMillan III, 79, $2.8-billion, Hillsboro Beach, inheritance
165. Malcolm Glazer and family, 79, $2.5-billion, Palm Beach, sports teams, real estate
165. H. Wayne Huizenga, 69, $2.5-billion, Fort Lauderdale, investments
165. Robert Rich Jr., 66, $2.5-billion, Islamorada, nondairy creamer
195. Robert E. "Ted" Turner, 68, $2.3-billion, Lamont, cable television
204. Phillip Frost, 70, $2.2-billion, Miami, Ivax
220. S. Daniel Abraham, 83, $2.1-billion, Palm Beach, Slim-Fast
239. William Koch, 67, $2-billion, Palm Beach, oil and investments
261. George Lindemann and family, 71, $1.9-billion, Palm Beach, investments
261. Albert Ueltschi, 90, $1.9-billion, Vero Beach, FlightSafety
271. Edward DeBartolo Jr., 60, $1.8-billion, Tampa, shopping centers
271. Jorge Perez, 57, $1.8-billion, Miami, condos
271. Arthur Williams Jr., 65, $1.8-billion, Palm Beach, insurance
286. Edmund Ansin, 71, $1.7-billion, Miami Beach, Sunbeam Broadcasting
286. Bharat Desai and family, 54, $1.7-billion, Fisher Island, Syntel
286. Wilbur Ross Jr., 69, $1.7-billion, Palm Beach, leveraged buyouts
297. Fred DeLuca, 59, $1.6-billion, Fort Lauderdale, Subway
317. Dennis Albaugh, 57, $1.5-billion, Marco Island, pesticides
317. James France, 62, $1.5-billion, Daytona Beach, auto racing
361. James Clark, 63, $1.4-billion, Palm Beach, Netscape
361. Charlotte Colket Weber, 64, $1.4-billion, Ocala, inheritance
380. Michael Heisley Sr., 70, $1.3-billion, Jupiter Island, manufacturing
380. George Steinbrenner III, 77, $1.3-billion, Tampa, New York Yankees

[Last modified September 20, 2007, 23:14:01]