16-20 Rich Man

20. Jim Walton    

Net Worth: $21.3 billion – as on March, 2011
Source: Wal-Mart
Age: 63 years
Citizenship: United States of America

He run’s the family bank Arvest bank. Wal-Mart shares are up by 5% last year but will soon increase the following year he has raised his annual payouts to 20% starting this March. He also collected a rough estimation of $420 million in dividends for the fiscal year 2010. His father, Sam Walton, started the retail store giant Wal-Mart along with his brother James in 1962. In the current fiscal year, Wal-Mart has sales of over $415 billion and employs over 2.1 million people.

19. David Koch                          

Net Worth: $22 billion – as on March, 2011
Source: Diversified
Age: 71 years
Citizenship: United States of America

The richest New Yorkcitizen gets his wealth from his 42% stake in Koch Industries, the second largest private company with over $100 million sales in a single fiscal year. He is also the vice-president of the conglomerate, which is run by his brother Charles that he heads out ofWichita,Kansas. David is a well known philanthropist and politician. He founded the Americans for Prosperity non-profit conservative board, which has spent $45 million over tea parties for the right-wing candidates, during the November midterm elections. David is a prostate cancer survivor and has a cancer center named after him at MIT. He is also board member for 25 non-profit organizations.

 

18. Charles Koch

Net Worth: $22 billion – as on March, 2011
Source: Diversified
Age: 75 years
Citizenship: United States of America

He is the chief executive of Koch industries, which is the second largest private industry, with over $100 million in sales. The biggest ever deal for the company came in form of acquiring the largest building products maker Georgia Pacific for $21 billion, which was right before the real estate and housing market crashed down drastically. He is also the cofounder of think tank Cato Institute. Along with his brother David, he holds a biannual retreat to plot an election strategy with other rich and influential republican donors. The latest such meeting was held atPalm Springs, which even attracted over a thousand protestors.

17. David Thomson & Family

Net Worth: $23 billion – as on March, 2011
Source: Media
Age: 54 years
Citizenship: Canada

David Thompson is the chairman of the media power house Thomson Reuters, which was founded by hs grandfather, Roy, in the year 1934. With bother, peter, he serves as co-chair for family’s investment concern,Woodbridge. The firm has recently picked up 85% stake in The Globe andMail,Canada’s national newspaper making David Thompson the chairman for the company. He is now planning to sell 40% of total state in CTV,Canada’s largest private broadcaster, who is waiting for approval from the regulatory authority.

16. Sheldon Adelson

Net Worth: $23.3 billion – as on March, 2011
Source: Casinos
Age: 78 years
Citizenship: United States of America

Las Vegas Sands shares saw an increase in the market by over 2000% since the credit crisis Nadir. He is planning to bring back LVS shares to a total of $52 billion and the only way he plans to reach the goal is by entering the Asian markets. He opened his $5.7 billion Marina Bay Casino inSingaporein the year 2010. There is a current SEC probe into his alleged bribe against the Asian group which can for sometime cool down his winning path. He borrowed $200 from his uncle to sell newspapers at the age of 12. He sold computer marquee event, comdex, toJapanfor $862 million in 1995. He then built all-suites $1.5 billion Venetian Resort hotel casino and 1.2 million square foot sands convention in the year 1997. He opened up Palazzo resort in 2008 for $1.9 billion.