Mon., 8:59am: DeBartolo 209th on Forbes list
NEW YORK – Boardman native Ed DeBartolo Jr., who made his name as one of the most successful owners in NFL history with the San Francisco 49ers during the 1980s and 1990s, becoming the only individual owner to win five championships, ranks 209th on the latest Forbes 400 list.
Microsoft Corp. co-founder Bill Gates is still America’s richest man, taking the top spot in the Forbes 400 for the 20th-straight year with a net worth of $72 billion.
Investor Warren Buffett, the head of Berkshire Hathaway Inc., remains in second place with $58.5 billion, while Oracle Corp. co-founder Larry Ellison stays third with $41 billion.
Brothers Charles and David Koch, co-owners of Koch Industries Inc., stay tied for fourth with $36 billion each.
Forbes says America’s super rich continued to increase their wealth over the past year, with the 400 people on the annual list posting a combined net worth of $2 trillion, up from $1.7 trillion a year ago. That marks their highest combined value ever.
Forbes attributed the growth to strong stock and real estate markets.
The 66-year-old DeBartolo, who now resides in Tampa, Fla., has a net worth of $2.6 billion. The shopping mall magnate took over his father’s DeBartolo Realty Corp and merged it with Simon Property Group in 1996 to create the largest public real estate investment trust in North America.
His sister, Denise York, took over the 49ers in 2000.