You have reached your limit of free articles this month.

Enjoy unlimited access to

Starting at just 99¢ for 8 weeks.


  • ePAPER

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks


Welcome to

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on

Georgia lands nine on billionaires list

Nine Georgians made it onto Forbes’ annual billionaire list this year, including what the magazine described as “America’s youngest female self-made billionaire.”

That would be Sara Blakely, the 46-year-old founder of Spanx, the Atlanta company she founded in 2000 to produce and sell slimming undergarments. Blakely’s company now has about $400 million in annual sales, and she has a net worth of $1.1 billion, according to Forbes.

That was enough to rank her at No. 1,795, as of Tuesday, on Forbes’ list of the world’s 2,043 billionaires. She was also the only woman among Georgia’s billionaires.

The magazine’s online billionaire rankings and net worth estimates change daily, depending on market values of stock holdings and other assets.

Forbes said it has been a record year for billionaires, with the number of the super-rich jumping 13 percent from 2015 and topping 2,000 for the first time. The combined fortunes could power a not-so-small country, with almost $7.7 trillion in assets, up 18 percent.

Highest-ranked among Georgians is Jim Kennedy, with an estimated fortune of $12.2 billion.

Kennedy, No. 105 on Forbes’ list, is chairman of Atlanta-based Cox Enterprises. The company’s businesses include cable TV and internet provider Cox Communications; TV, radio and newspaper holdings that include The Atlanta Journal Constitution; and auto-related businesses such as Kelley Blue Book and Manheim auto auctions.

Between Kennedy and Blakely are founders or dynasty members of several well-known Georgia companies, including Arthur Blank and Bernie Marcus (Home Depot); Dan and Bubba Cathy (Chick-fil-A); Ted Turner (Turner Broadcasting and CNN); and Gary and Randall Rollins (Orkin pest control).

Their fortunes ranged from Marcus’ $4 billion — which put him at No. 441 — to Turner’s $2.3 billion, at No. 896.

The two richest people in the world are familiar faces: Microsoft founder Bill Gates, at $86.6 billion, and Berkshire Hathaway’s “Oracle of Omaha” Warren Buffett, at $76.2 billion.

President Donald Trump is at No. 544, with an estimated fortune of $3.5 billion.

Reader Comments ...

Next Up in Business

The questions all landlords should ask

The vast majority of rental problems can be eliminated in advance through a good screening process. Many amateur landlords are so desperate for a tenant that they accept the first applicant who walks in the door. That is a rental nightmare waiting to happen. When screening any applicant, remember to be consistent - treat all potential renters the same...
New Atlanta Fed president sees lighter burden for small banks
New Atlanta Fed president sees lighter burden for small banks

Banks — especially the smaller ones — can probably expect a lighter touch from regulators in the future, but not in areas that would weaken protections against another industry meltdown, according to the Atlanta Federal Reserve Bank’s new president. Earlier this month the U.S. Treasury Department unveiled a nearly 150-page report...
Couple gets engaged on Delta flight
Couple gets engaged on Delta flight

A Delta Air Lines plane at 30,000 feet became the scene for a carefully-orchestrated engagement this week. Flights were already part of the couple’s long-distance relationship stretched between Atlanta and Pennsylvania — Deepum Patel works in Atlanta while girlfriend Neha Chakravarti has been in dental school in Pennsylvania. During a Wednesday...
Georgia sees huge drop in people on food stamps
Georgia sees huge drop in people on food stamps

Georgia is seeing a significant decrease in the number of people receiving food stamps as the improving economy lifts many recipients into new jobs and frees them from the fear of going hungry. The number of Georgians getting food stamps has dropped by 300,000 from 1.9 million in April 2013 to 1.6 million. That decrease of 16 percent in the federally...
Record number of travelers expected over July 4th weekend
Record number of travelers expected over July 4th weekend

A record number of people are expected to travel over the 4th of July holiday weekend, according to AAA. A total of 44.2 million Americans are forecast to take trips over the period running from June 30 to July 4. In Georgia, 1.3 million people will travel for the holiday, AAA says. Most of them will be driving. But 3.4 million across the country are...
More Stories