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Publication: European Stars and Stripes Wednesday, October 14, 1987

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   European Stars And Stripes (Newspaper) - October 14, 1987, Darmstadt, Hesse                                Page 6 the stars and stripes wednesday. October 14,1387 Walton with $8.5 billion tops list of 49 super Rich new York up Forbes Magazine s annual Survey of wealthy americans found the number of . Billionaires nearly doubled in the past year to 49, with retail King Sam Moore Walton remaining at the top of the list for the third consecutive year with 18.s billion. The minimum required to make this year s list of America s richest 400 people which has grown in billionaires from 26 to 49 since last year was $225 Mil lion the business Magazine said monday in its Issue dated oct. 26. The aggregate net Worth of the 400 people on the Forbes list amounted to $220 billion the Magazine reported More ban the $205 billion . Budget deficit in 1986. For the third year Walton led the list with assets greater than the Jross National product of Many third world nations. The Fortune of the founder of the Wal Mart Chain has nearly doubled since last year and More than tripled in the past two years As the value of inc Slock in the discount stores has risen. But Walton 69, is rated As Only the third richest person on the planet. His wealth is exceeded by that of two japanese billionaires Yoshiaki Tsutsumi with$20 billion and Tai Kichiro Mori with $15 billion Forbes said. John Werner Kluge 73, finished no. 2 in the United states at s3 billion. The German born Salesman parlayed a Washington d.c., radio station into met Rome Dia. H. Ross Perot 57, founder of Dallas based electronic data systems finished no. 3. He sold the company to general motors in 1984 for $991 million. Pm paid another $742 million to buy out Perot two years later contributing to a total Fortune of about $2.9 billion Forbes said. Rounding out the top 10 David Packard a founder of Hewlett Packard at $2.87 billion publishers Samuel new House or. And his brother Donald at $2.35 billion each and industrialist Lester Crown Media magnate Rupert Murdoch investor Warren Buffett an the limited founder Leslie Wexner at $2.1 billion each. Of the billionaires 25 crossed the billion Mark this year including Murdoch Ted Arison of carnival cruise lines and William h. Gates Iii founder of Microsoft and at 31 the youngest self made billionaire on the list. Two billionaires on last year s list have fallen by the Way Side. Gordon Getty who topped the list As Rece Tlyas 1984, no longer controls the Getty family s $3 billion Trust fund. His wealth has fallen to $350 million. Forbes also said its estimate of the wealth of Media magnate Walter Annenberg was lowered Walton to $650 million this Yea from $1 billion in 1986, after the Magazine Learned that he had donated Large holdings in Triangle publications to philanthropic causes. New York had the highest number of the wealthiest americans with 78 or almost 20 percent. The states with the next highest concentrations were California Texas Illinois and Florida. Movie maker Steven Spielberg appeared on the list for the first time in 1987, with $225 million. Motherwell known persons who Are first timers include the corporate raiders Carl Icahn and Ronald Perelman $525 million and $300 million respectively computer entrepreneur Jack Tramiel $375 million and chewing gum magnate William Wrigley $345 million. Some who fell off this year s list television producer Norman Lear motown founder Berry Gordy Apple computer founder Steven jobs and Occidental Petro Leum chief Armand Hammer. Arbitrageurs Ivan Brocsky disappeared after agreeing last year to pay the government a record $100 million penalty for insider trading. Forbes also said seven do Ponts six Mellons and five Rockefeller were dropped from this year s list. Workers in heavy Industry areas found most discontent with jobs new York up most americans arc satisfied with their jobs but workers in heavy manufacturing areas of new York Pennsylvania and new Jersey appear to be the most discontent the conference Board said monday. On the other hand Levels of Job satisfaction Are above average in new England the Rocky Mountain states and the West North Central regions the private business research organization concluded on the basis of a recent nationwide Survey of 5,000 households. The Basic problem in the mid Atlantic states seems to be that manufacturing workers in sections of upstate new York and Pennsylvania Aren t As secure As they were 10 years ago said Jason Bram a conference Board economist. With a shortage of jobs in these areas those who Are working Don t have As much leverage he explained. Their unions Aren t As Strong and their companies can get away with paying lower  he cautioned however that this conclusion does not necessarily apply to workers in the financially oriented mid Atlantic cities. New England workers expressed Levels of satisfaction that were Well above average probably because of that Region s economic Boom Bram said. He said Survey data did not clarify Why Rocky Mountain state workers and those in the West Nort Central states of Kansas Nebraska Iowa North Dakota and South Dakota Missouri and Minnesota were satisfied with their jobs. Generally speaking White Collar workers experience More Job satisfaction than Blue Collar workers said Fabian Linden executive director of the Organiza Tion s consumer research Center. In areas with a High proportion of White Collar workers you get a higher Job satisfaction  in nationwide results the Survey found that about three out of five workers were satisfied with their work supervisors fellow workers and vacation poli cies but Only two out of five respondents said their wages and pension plans were adequate. Continuous restlessness with the bread and butter issues is both the cause and the effect of our Ever in creasing living standards said Linden. He said the Survey also found a High degree of Dis Content Over promotion policies. Stateside Range Rover retail Price up 4.7% for 1988 Model Detorr Mich  
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