Here Are Colorado's 11 Billionaires On Forbes 2019 List

ACROSS COLORADO – Feeling wealthy? Colorado is home to 11 billionaires, according to Forbes’ 33rd annual ranking of the world’s billionaires released Tuesday. The ranking includes 2,153 people who have a combined wealth of $8.7 trillion.

In Colorado, there's a new billionaire in town. Thomas Bailey, founder of Janus mutual funds, made the list in slot number 11 with $1.2 billion.

Coloradans making this year's list have almost all dropped in net worth since last year's Forbes list. They have also dropped in ranking as compared to the U.S.'s other billionaires. But they still have plenty of cash to comfort themselves.

Here's this year's list of Colorado's billionaires:

• No. 128: Philip Anschutz, 80, is worth $10.97 billion (down from 13 billion last year) and is ranked 128th on the list. Anschutz built fortunes in oil, railroads, telecom, real estate and entertainment.
• No. 143 Charles Ergen, 66, is worth $9.6 billion (down from $13 billion last year) and is ranked 143rd on the list. He is the cofounder and chairman of satellite TV provider DISH Network, and satellite communications firm EchoStar. Ergen's ranking sank after being the top billionaire in Colorado on Forbes's 2018 list.
• No. 203 John Malone, 76, is worth $7.2 billion (down from $8 billion last year) and is ranked 203rdth on the list. Nicknamed the Cable Cowboy, Malone made his fortune with cable television deals.
• No. 504 James Leprino, 81, is worth $4 billion (up from $3.1 billion last year) and ranked 504th on the list. Leprino's family food empire is built on mozzarella cheese.
• No. 962 Pat Stryker, 62, is worth $2.4 billion (down from $3.3 billion last year) and ranked 962nd on the list. She made her fortune from her grandfather's medical equipment and software company.
• No. 1511 Kenneth Tuchman, 58, is worth $1.5 billion (same as last year) and ranked 1,511th on the list. Tuchman's fortune was built through TeleTech Holdings, an outsourcing company.
• No. 1717 Brothers Cargill MacMillan, III, 59, and William MacMillan, 64, are each worth $1.4 billion and tied for number 1,717 on the list. The MacMillans are among 14 heirs to the Cargill agriculture business which is America's largest private company.
• No. 1717 Gary Magness, 65, is worth $1.4 billion and (also) ranked 1,717th on the list. He made his wealth through cable TV and investments.
• No. 1818 Thomas Bailey of Aspen is worth $1.2 billion. New on the list this year, Bailey's fortune comes from mutual fund giant Janus, which he founded in Denver in 1969.

Amazon CEO Jeff Bezos, who is worth about $131 billion, topped the list for the second year in a row, followed by software magnate and philanthropist Bill Gates ($96.5 billion) and Berkshire Hathaway Chairman and CEO Warren Buffett ($82.5 billion).

Both the number of billionaires and their combined net worth is down this year, according to Forbes. Last year, 2,208 people made the list and had a combined wealth of $9.1 trillion. Forbes said this represents the first decrease in billionaires and their combined wealth since 2016, and only the second decrease in a decade.

A record 994 billionaires are worth less than they were a year ago, but last year, only 360 members of the elite class got poorer. The average net worth of this year’s billionaires is $4 billion, down from $4.1 billion in 2018. Of the total, 1,450 members are self-made.

“The billionaire ranks prove that even the world’s richest are not immune to economic forces and the volatility of world markets. Yet, even with strong headwinds, resourceful and relentless entrepreneurs find new ways to get rich,” Luisa Kroll, assistant managing editor of wealth at Forbes said in a news release.

Kerry A. Dolan, also an assistant managing editor of wealth at Forbes, noted regional trends.

“Of note this year was the large number of drop-offs in China, and the weakening of the euro vs. the dollar, which pushed down the dollar value of European fortunes,” Dolan said in the release.

In the United States, Bezos’ net worth increased from $19 billion, and Gates, who had been the wealthiest person in the world for the longest period of time, increased his fortune by $6.5 billion, from $90 billion in 2018. The gap between the No. 1 and No. 2 billionaires grew due to an increase in Amazon stock prices. Buffett’s net worth fell by $1.5 billion.

Rounding out the top five were Bernard Arnault of France and Carlos Slim Helu of Mexico, with net worths of $76 billion and $64 billion, respectively.

President Donald Trump’s net worth is listed at $3.1 billion by Forbes, which placed him at No 715 on the list. Trump is the first billionaire president of the United States, and the core of his fortune is tied up in a half-dozen buildings in and around midtown Manhattan in New York City, according to Forbes.

New to the list is Kylie Jenner, 21, who is the youngest billionaire in the world and the "youngest self-made billionaire" of all time, if such an expression can even be uttered. Jenner, who ranked 2,057 on the list, owns 100 percent of Kylie Cosmetics, a company she founded three years ago and which did $360 million in sales last year. Most of the company’s revenue comes from e-commerce, but Kylie Cosmetics also has a deal with Ulta to put its products in the makeup retailer’s 1,163 U.S. stores.

Other Americans in the Top 20 were:

• Larry Ellison, software magnate, No. 7 with a net worth of $62.5 billion (up from 2018);
• Mark Zuckerberg, Facebook founder, No 8, with a net worth of $62.3 billion (down from 2018);
• Michael Bloomberg, Bloomberg LP, No. 9, with a net worth of $55.5 billion (up from 2018);
• Larry Page, Google, No. 10, with a net worth of $50.8 billion (up from 2018);
• Charles Koch and David Koch, Koch Industries, No. 11, with a net worth of $50.5 billion (down from 2018);
• Sergey Brin, Google, No. 14, with a net worth of $49.8 billion (up from 2018);
• Jim Walton, Walmart, No. 16, with a net worth of $44.6 billion (down from 2018);
• Alice Walton, Walmart, No. 17, with a net worth of $44.4 billion (down from 2018);
• S. Robson Walton, Walmart, No 18, with a net worth of $44.3 billion (down from 2018);
• Steve Ballmer, Microsoft, No. 19, with a net worth of $41.2 billion (up from 2018).

The Top 20 billionaires have a combined net worth of $1.2 trillion, which is unchanged from last year. Their aggregate wealth represents about 14 percent of all billionaires. The minimum net worth in the Top 20 was $3.38 billion, $200 million less than 2018.

Go here to view the complete list.

Patch National Staffer Beth Dalbey contributed to this article.

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