Wednesday, March 05, 2008
UNITED STATES OF AMONEYCA
The U.S. has 469 billionaires and counting--54 more than last year.
Among the 77 new faces: George Steinbrenner, owner of the New York Yankees; Mark Zuckerberg, founder of social networking site Facebook; and brothers Frank and Lorenzo Fertitta, who have clawed their way to billionairehood with their blood-sport business, Ultimate Fighting Championship.
Half the newcomers made their fortunes in finance or investments.
John Paulson and Philip Falcone became wealthy shorting subprime credit.
Returnees include Jones Apparel founder Sidney Kimmel.
Still, 23 tycoons couldn't keep up, including Starbucks (nasdaq: SBUX - news - people ) honcho Howard Schultz and home builder William Pulte.
Roy Disney fell off after divorcing his wife of 52 years, Patricia--and splitting his fortune.
Posted by Doug Jefford