Content tagged “(US) National Football League (NFL) (North American)”

Benson gets richer, nearly drops off Forbes 400 list of wealthiest Americans

Although his reported net worth rose $100 million over the past year—to $1.3 billion as of this month—Tom Benson nearly slipped off the 2013 Forbes 400 list of the richest Americans, released today. The 86-year-old owner of New Orleans' professional football and basketball franchises fell from No. 360 on last year's list to No. 386 this year. Benson is the lone person from Louisiana on the list, which is getting increasingly difficult to get and stay on. While most of the top names and rankings didn't change from a year ago, the majority of members of the elite club saw their fortunes grow exponentially over the past year, boosted by strong stock and real estate markets. "Basically, the mega rich are mega richer," Forbes Senior Editor Kerry Dolan tells The Associated Press. Dolan notes the list's minimum net income increased to a pre-financial crisis level of $1.3 billion, up from $1.1 billion in 2012, with 61 American billionaires not making the cut. "In some...

William Cary Koch

To have power, you have to have balance.