It was another record year for the wealthiest people in America, as the price of admission to the country’s most exclusive club jumped nearly 18%. The minimum net worth to make The Forbes 400 list of richest Americans is now a record $2 billion, up from $1.7 billion a year ago. The group’s total net worth climbed to $2.7 trillion, up from $2.4 trillion, and the average net worth rose to $6.7 billion, up from $6 billion. […]
Every person in the top 10 got at least $1 billion richer in the past year. Number one for the 24th consecutive year is Bill Gates, who is now worth $89 billion, up $8 billion from a year ago. Amazon’s Jeff Bezos, whose fortune rose $14.5 billion in a year, retains the number two spot for the second consecutive year with a net worth of $81.5 billion, while Warren Buffett holds onto the number 3 spot. His net worth increased by $12.5 billion, despite giving away more than $3 billion of Berkshire-Hathaway stock in July. The biggest gainer (in dollar terms) is Facebook’s Mark Zuckerberg. His fortune jumped $15.5 billion, but in a crazy year like this one, it’s only good enough for him to hold onto his ranking as fourth richest.
* Finke looked through the list and saw only one Illinois candidate for governor…
That distinction belongs to Democrat J.B. Pritzker, whose wealth was pegged at $3.4 billion. Pritzker ranks 219th on the list of richest Americans. He’s one of four Pritzkers who appear on the list.
And Rauner? Didn’t make the list. The cutoff for Forbes’ list is about $2 billion, which is too rich even for the deep-pocketed Rauner.
Pritzker is not the richest person in Illinois, though. That distinction belongs to hedge fund manager Ken Griffin at $8.5 billion. Griffin has given millions to Rauner and the Republican Party, although it was reported that he also recently gave $1 million to the Obama Foundation.
* Meanwhile, here’s Mary Cooley at the Belleville News-Democrat…
Illinois residents are among the least likely in Midwestern states to have discretionary income, according to a business survey.
Across the country, Illinois is 30th for discretionary income but 12th among the 12 Midwestern states as defined by the study done by the storage firm Trove Technologies.
Trove used data from the Bureau of Labor Statistics, The Tax Foundation and The Council For Community and Economic Research for its analysis. Discretionary income is the money left after paying food, shelter, clothing and taxes; for this survey Trove assumed “a single person sharing a two-bedroom apartment with a roommate … a Single Filer with no dependents” for state and federal taxes. […]
Carbondale residents have $879 in annual discretionary income, according to the study, with an average salary of $37,308, taxes estimated at $8,234, and basic expenses costing $28,194.
That’s a pretty narrow assumption. But it is what it is. And if you’re in the bottom 20 percent of Carbondale occupations, your discretionary income is pegged at -$8,778 for the year.
* Other areas, with bottom 20 percent in parentheses…
Illinois: $5,811 (-$10,902)
Bloomington: $5,976 (-$8,893)
Carbondale: $879 (-$8,778)
Champaign-Urbana: $5,312 (-$7,911)
Chicago: $3,402 (-$13,579)
Chicago Metro: $5,002 (-$11,979)
Danville: $2,806 (-$6,564)
Decatur: $2,646 (-$8,631)
Kankakee: $4,719 (-$7,626)
Peoria: $6,386 (-$7,938)
Rockford: $5,810 (-$7,643)
Springfield: $5,395 (-$8,310)
See the numbers for yourself and plug in your own variables by clicking here. Just remember that the assumptions are very narrow.