Sixty-one American billionaires failed to make the new Forbes 400 Richest list. To make the cut required at least $1.3 billion.
Youth helped. Twenty members of the 400 are under age 45.
Richest woman: Christy Walton, with $34.5 billion.
Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
1 comment:
The fact the Christy Walton has $34 billion is, alas, evidence that Buffett may not be wrong about the need for an estate tax. She does prove the adage that it's easier to marry money than to earn it.
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