Forbes 400 list recalculated; Warren Buffett now the richest American

Las Vegas Sands Corp. Chief Executive Sheldon Adelson's net worth declined $4 billion from Aug. 29 to Oct. 1, the steepest drop among Americans who lost $1 billion or more during the credit crisis, according to Forbes magazine. The magazine, in its Oct. 27 issue, recalculates the effect of September's financial news on the wealthiest Americans, those who make up its Forbes 400 list. That list was published Sept. 17. Berkshire Hathaway Inc. Chairman Warren Buffett overtook Microsoft Corp. co-founder Bill Gates as the richest American by posting an $8-billion gain to $58 billion during the period, the magazine said. Gates' net worth declined $1.5 billion to $55.5 billion during the 33-day period. He had been No. 1 for 15 consecutive years. Dish Network Corp. Chief Executive Charles Ergen's net worth fell $2.2... [read full story]