Sep
23

Chicago Real Estate Puts Chicagoan on List

September 23, 2010

The annual list of the richest Americans just came out, and the highest-ranking Chicago person made part of his fortune in Chicago real estate.

Forbes Magazine released its 2010 list of the 400 richest people in America this week.

Sam Zell is the richest Chicagoan.

Chicago real estate investor Sam Zell, of Equity Residential, topped the list of people from our town at No. 60.

Zell, 69, whose income increased from $3.8 billion in 2009 to $4.4 billion this year, actually shares the 60th spot with 70-year-old, New York fashion designer Ralph Lauren.

Other Chicagoans who made the list, including their ages, cities of residence, industries and 2010 incomes:

#66 Lester Crown and family, 85, Wilmette, investments, $4.2 billion

#130 Oprah Winfrey, 56, Chicago, talk show host, $2.7 billion

#153 Ty Warner, 66, Chicago, Beanie Babies, $2.4 billion

#159 Ken Griffin, 41, Chicago, hedge funds, $2.3 billions

#170 William Wrigley, 46, Lake Forest, gum, $2.1 billion

#205 J. Christopher Reyes, 56, Lake Forest, Reyes Holdings, $1.9 billion

Oprah is Chicago's wealthiest woman.

#205 Jude Reyes, 55, Kenilworth, Reyes Holdings, $1.9 billion

#221 Neil Bluhm, 72, Chicago, real estate, $1.8 billion

#252 Thomas Pritzker, 60, Chicago, hotels and investments, $1.6 billion

#269 Penny Pritzker, 51, Chicago, hotels and investments, $1.5 billion

#290 Jay Robert Pritzker, 45, Evanston, hotels and investments, $1.4 billion

#308 James Pritzker, 59, Chicago, hotels and investments, $1.3 billion

#308 Jean Pritzker, 48, Chicago, hotels and investments, $1.3 billion

#332 Joseph Mansueto, 54, Chicago, Morningstar, $1.2 billion

#365 Matthew Bucksbaum and family, 84, Chicago, real estate, $1.1 billion

#385 Michael Krasny, 57, Highland Park, CDW Corp., $1 billion

#385 Nicholas Pritzker, 66, Chicago, hotels and investments, $1 billion

Bill Gates has been the richest person in America for 16 straight years.

Forbes chose the richest Americans by estimating each one’s assets, including stakes in public and privately held companies, real estate, art, yachts and planes.

The results show that the collective net worth of America’s richest fell $300 billion in the past 12 months; from $1.57 trillion to $1.27 trillion.

It’s only the fifth time since 1982 that the Forbes 400 has posted a decline.

Atop the list of richest Americans, for the 16th straight year, is Microsoft co-founder Bill Gates, 54, who will net an income of $54 billion in 2010. Gates, who is actually a wonderful philanthropist, resides in Medina, Washington.

Eighty-year-old Warren Buffett of Berkshire Hathaway is #2 on Forbes list at $45 billion; California resident Larry Ellison, 66, of Oracle, made #3 with $27 billion; and a woman, 55-year-old Walmart heir Christy Walton of Jackson, Wyoming, ranked #4 with $24 billion.

Rounding out the top 10: #5 Charles Koch, energy, $21.5 billion; #5 David Koch, energy, $21.5 billion; #7 Jim Walton, Walmart, $20.1 billion, #8 Alice Walton, Walmart, $20 billion; #9 S. Robson Walton, Walmart, $19.7 billion; #10 Michael Bloomberg, Bloomberg, $18 billion.

According to Forbes, the 10 richest Americans lost a combined $39.2 billion this year.

But, don’t worry, they still have a lot of money.

Categories: Economy

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