Larry Ellison ($103.2 billion)
Larry Ellison tops the Forbes list of high-income billionaires. Ellison is the co-founder, executive chairman, and chief technology officer of tech company Oracle. In October, his fortune expanded by $16.6 billion to $103.2 billion owing to a surge in Oracle shares by an impressive 24% since September 2022. As a reminder, in the late summer, the value of the IT giant’s shares tumbled due to low revenues and lay-offs. However, investor sentiment has changed since then. Oracle is currently engaged in integrating the recently-acquired tech firm, Cerner, a supplier of health information technology solutions.
Warren Buffett ($102.9 billion)
Forbes’ second high-income billionaire is legendary investor Warren Buffett, who saw his wealth rose by 8.9 billion to a whopping $102.9 billion. His Berkshire Hathaway corporation has stakes in multiple American companies, including American Express, Coca-Cola, Chevron, etc. In October, the income of this prominent investor increased by 9.4%, and there is still room to grow.
Jim Walton ($61 billion)
Jim Walton, the co-owner of Walmart, the largest retail chain in the United States, takes third place on the Forbes list. His fortune reached $61 billion, following a $4.2 billion rise in his income in October. America’s popular chain of retail stores is currently actively developing, bringing significant profit to the Walton family.
Michael Dell ($49.9 billion)
Michael Dell with a net worth of $49.9 billion occupies fourth place in this ranking. Last month, he received an income of $2.7 billion. The entrepreneur is the co-owner of Dell Technologies, one of America’s largest IT companies.
Phil Knight ($37.4 billion)
The billionaire list also includes Phil Knight, the founder of Nike, one of the biggest companies engaged in the production of sports shoes and clothing. In September 2022, Nike's shares sank to a 20-year low of $83 due to the oversupply of its products caused by supply chain issues. This profoundly affected the firm’s profitability. In October, however, Nike shares gained 9%, and Knight's fortune expanded by $2.9 billion to $37.4 billion.
Thomas Peterffy ($25.3 billion)
Thomas Peterffy, the founder and chairman of the Interactive Brokers online trading platform, takes sixth place in this ranking. The businessman's fortune reached $25.3 billion after a $4.5 billion rise in his income in October. Peterffy's net worth grew by 5.5% last year, analysts estimated. Meanwhile, Interactive Brokers saw a 26% surge in its share value in October amid a sharp increase in the company's revenue in the third quarter of 2022. Notably, these figures significantly exceeded forecasts.
Robert Pera ($20.1 billion)
Robert Pera rounds the top 7 high-income billionaires. Pera is the founder and CEO of Ubiquiti Networks, a tech company. He is currently worth as much as $20.1 billion, up by 12% since January. In October, Pera’s income totaled $3 billion. The rise came amid higher demand for network devices and wireless equipment Ubiquiti Networks produces. That boosted the company’s share price and brought Pera a larger income.