Yes, the rich are getting richer — at least cummulatively speaking.
According to the released Forbes 400 list of richest Americans released Tuesday, the combined net worth of this year’s 400 is $2.7 trillion, up from last year’s $2.4 trillion. Making the list now requires a minimum of $2 billion in holdings, up from $1.7 billion last year.
Once again, the top five slots are held by perennial billionaires Bill Gates of Microsoft fame ($89 billion, up $8 billion from 2016), Amazon’s Jeff Bezos ($81.5 billion, up $14.5 billion), Berkshire Hathaway’s Warren Buffett ($78 billion, up $12.5 billion), Facebook’s Mark Zuckerberg ($71 billion, up $15.5 billion) and Oracle’s Larry Ellison ($59 billion, up $9.7 billion).
South Florida’s wealthiest include #43 Miami Beach-based hedge fund investor David Tepper ($11 billion); #50 Carnival Corp. Chairman and Miami Heat owner Micky Arison ($9.4 billion) of Bal Harbour; #97 frozen foods magnate Robert Rich of Islamorada ($5.5 billion); #150 National Beverage founder Nick Caporella of Plantation ($4.5 billion); #240 entrepreneur and philanthropist Phillip Frost ($3.2 billion), #264 Miami-based airline magnate Rakesh Gangwal ($3 billion); #264 real estate developer Jorge Perez ($3 billion); #288 entrepreneur H. Wayne Huizenga ($2.8 billion); #324 auto magnate Norman Braman ($2.5 billion).
The lengthy Palm Beach County list includes Marvel Comics owner #179 Isaac Perlmutter ($3.9 billion); No. 186 real estate investor Jeff Greene and #324 John Henry ($2.5 billion), owner of the Boston Red Sox.
Plenty of those on the list with strong local ties include #21 Elon Musk ($20.8 billion) of Tesla and SpaceX, #23 Russian-born oil magnate Len Blavatnik ($19.5 billion, partner in Faena on Miami Beach, #27 investor and Indian Creek homeowner Carl Icahn ($16.7 billion), #65 Miami Dolphins owner and developer Stephen Ross ($7.5 billion); #85 Richard LeFrak ($6.1 billion) co-developer of the 1 Hotel on Miami Beach and SoLeMia in North Miami and #248 U.S. President Donald Trump ($3.1 billion).
Maybe they should check out the Florida income-tax laws.