Billionaires Lock Out Millionaires from 'Forbes' List

Being a millionaire just doesn't cut it anymore. You'll need to be worth at least ten figures to get on the Forbes list of the 400 richest Americans. Everyone on this year's list has at least $1 billion to his or her name.

Copyright © 2006 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.


Now the Chandlers didn't make the list, but other media moguls are among the 400 richest Americans. The last word on business today is Forbes Magazine's annual list.


Bill Gates remains America's richest man, followed by Warren Buffett.

INSKEEP: Number three on the list is Sheldon Adelson.

NEARY: Who's Sheldon Adelson?

INSKEEP: Well, we put that question to the list editor, Matthew Miller.

Mr. MATTHEW MILLER (Editor, Forbes Magazine): Sheldon Adelson Adelson is a casino mogul. He's got a license to take bets in the only place in Asia where it's legal to gamble.

INSKEEP: He says Adelson rakes in million dollars an hour.

NEARY: Run your finger down the Forbes list, and you will not find Martha Stewart, who's lost money recently.

INSKEEP: Matthew Miller says other people actually work to stay off the list.

Mr. MILLER: In fact I've had people give away their fortunes to their children and split up a billion dollar fortune, just to get off the Forbes 400.

INSKEEP: Most of us have nothing to worry about, for the first time the Forbes 400 consists entirely of billionaires.

Copyright © 2006 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.