The wealthiest people in the U.S. are poorer than a year ago—and the cutoff to make the list fell for the first time since the Great Recession.
Edited by Rob LaFranco and Chase Peterson-Withorn
The rich don’t always get richer. As a group, the 400 wealthiest Americans are worth $4 trillion—$500 billion less than last year. The minimum net worth to make The Forbes 400 dropped for the first time since the Great Recession, down $200 million to $2.7 billion amid the market selloff. No one has been hit harder than tech billionaires, who have lost a combined $315 billion. Still, it was a great year to be an oil-and-gas tycoon, a sports mogul or Elon Musk. And 42 people, spanning ages 29 to 90, joined or rejoined the ranks. Fortunes were calculated using stock prices from September 2, 2022. For more details on the list see here; for the methodology see here.