Six Colorado billionaires land on Forbes 400 list

NEW YORK – Forbes magazine is out with its annual list of the 400 richest people in the America and six Colorado billionaires are on the list.

“The price of entry to The Forbes 400 this year is $1.55 billion, the highest it’s been since Forbes started tracking American wealth in 1982,” Forbes said. “Last year it took $1.3 billion to score a spot. Because the bar is so high, 113 U.S. billionaires didn’t make the cut.”

Bill Gates is the richest American for the 21st year in a row, with a net worth of $81 billion. Warren Buffett, chief executive of Berkshire Hathaway, is ranked second with a net worth of $67 billion.

As for the Coloradans, Charlie Ergen, the founder and chairman of DISH Network is ranked 26th in the country with a wealth of $17.2 Billion.

Forbes said Ergen got his start as a financial analyst at Frito-Lay. The website said Ergen tried his hand playing professional poker, but switched to selling TV satellites from a truck with his wife in 1980s.

“Ergen has emerged as one of the shrewdest dealmakers in the cable and satellite TV business, having built DISH Networks and EchoStar into multibillion-dollar businesses from scratch,” Forbes wrote about Ergen.

Philip Anschutz is listed at number 40 with a net worth of $11.1 B.

“The son of an oil driller, he bought out his dad, went broke, and then struck oil in Utah and Wyoming,” said a Forbes profile on Anschutz. “He parlayed the proceeds into railroads and then used the rights of way to lay fiberoptic cable, which he spun off into Qwest Communications.”

Anschultz’ AEG controls 125 sports and music venues worldwide and is the second-biggest live music producer after Live Nation. His Xanterra owns and operates lodges and restaurants at National Parks like Yellowstone and the Grand Canyon.

Other Coloradans on the list:

  •  #60 Cable TV magnate John Malone, net worth $7.7 B
  • #190 Leprino Foods chairman James Leprino, net worth $3 B
  • #324 Heiress Pat Stryker, of Fort Collins, net worth $2 B

Part-time Coloradan Stanley Kroenke is listed at No. 89 with a net worth of $5.7 B. The magazine officially lists him as a Missouri resident.

Forbes says Kroenke married Sam Walton’s niece Ann Walton in 1974.

“He went on to build 26 mall-based properties,12 of which are anchored by Wal-Mart stores. He’s best known for his many sports teams, including English soccer club Arsenal, the Denver Nuggets and St. Louis Rams,” the profile says.

Kroenke also owns the Colorado Avalanche, Colorado Rapids, the Colorado Mammoth and the Pepsi Center, among other franchises and properties.

See the full list of Forbes 400: http://www.forbes.com/sites/afontevecchia/2014/09/29/forbes-400-full-list-of-americas-richest-people/

1 comments
Belinda Carmen
Belinda Carmen

I would not want that much money. The stress would be crazy.