Without fail, the American fascination with the rich and famous makes Forbes' annual list of the richest Americans a must-read year after year. With the market continuing to hit record highs, our friendly neighborhood billionaires have a lot to be thankful for this year.
While many of the names remain the same, this year's most wealthy billionaires added multiple billions to their overstuffed wallets. Topping this year's list were:
1. Bill Gates
The Microsoft (MSFT) founder's net worth reached $89 billion.
2. Jeff Bezos
Amazon's (AMZN) landmark year saw Bezos' net worth rise $14.5 billion to $81.5 billion.
3. Warren Buffett
Berkshire Hathaway's (BRK.A) 'Oracle of Omaha' net worth reached $78 billion.
4. Mark Zuckerberg
Facebook's (FB) CEO now has a net worth of $71 billion.
5. Larry Ellison
Oracle's (ORCL) founder saw his net worth climb to $59 billion.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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