Georgia lands eight on Forbes 400 list


Eight Georgians made the 2016 list of Forbes Magazine’s 400 richest Americans.

Gains in the stock market and growth by tech firms contributed to the biggest changes on this year’s list, Forbes said this week. Microsoft founder Bill Gates came out on top with an estimated net worth of $81 billion, followed by Amazon founder and CEO Jeff Bezos ($67 billion) and the Oracle of Omaha, Berkshire Hathaway CEO Warren Buffett ($65.5 billion).

Georgia’s Forbes 400 members include familiar leaders in media, hospitality, retail and pest control. The richest Georgians, according to Forbes, are:

No. 39: Jim Kennedy, $10.8 billion

Kennedy is chairman of Cox Enterprises, which is the parent company of Cox Communications and AutoTrader and has media holdings that include The Atlanta Journal-Constitution, WSB-TV Channel 2 and News 95.5 and AM 750 WSB.

No. 174 (tie): Don “Bubba” Cathy and Dan Cathy, $3.6 billion (each)

Don Cathy is an executive vice president of quick-service restaurant giant Chick-fil-A, whose brother, Dan, is the company’s chairman and CEO. Dan Cathy is also a key investor in the company that owns the Fayette County studio complex known as Pinewood Atlanta Studios and recently launched with partners a mixed-use community near the studio campus called Pinewood Forrest.

No. 174 (tie): Bernie Marcus, $3.6 billion

Marcus is a co-founder of Home Depot and the creator of the Georgia Aquarium and a number of philanthropic endeavors.

No. 214: Arthur Blank, $3.1 billion

Blank co-founded Home Depot with Marcus. He owns the Atlanta Falcons and Atlanta United FC pro soccer franchise, which will start its inaugural season next year.

No. 246 (tie): Gary Rollins and Randall Rollins, $2.7 billion (each)

The brothers are the heads of pest control giant Rollins Inc., which operates a number of brands including Orkin, HomeTeam Pest Defense, Western Pest Services and Critter Control.

No. 321: Ted Turner, $2.2 billion

Turner made his fortune in cable television (Turner Broadcasting) and was the founder of CNN. He sold the company to Time Warner about 20 years ago. Forbes said he is the second-largest individual landowner in the country, and he and restaurateur George McKerrow founded Ted’s Montana Grill more than a decade ago.

Source: Forbes


Reader Comments ...


Next Up in Business

Recall hits millions of pounds of food from Walmart, Whole Foods, Kroger and more
Recall hits millions of pounds of food from Walmart, Whole Foods, Kroger and more

You may want to think twice about those grab-and-go-food items. Millions of pounds of ready-to-eat salads and premade food items including entrees, burritos, wraps and pizzas at several big name retailers such as Harris Teeter, Kroger, Whole Foods, 7-Eleven, Trader Joe's and Walmart have been recalled due to the potential...
Campaign cash flows into Georgia PSC races
Campaign cash flows into Georgia PSC races

The six candidates running for the Georgia Public Service Commission (PSC) have raised starkly different amounts of money, with one candidate shattering recent fundraising records by taking in more than $1 million while another has reported less than $5,000. Lindy Miller, the Democratic challenger running against two-term Republican incumbent...
OSHA court case shows limits on safety inspections
OSHA court case shows limits on safety inspections

More employers could be emboldened to block federal workplace safety inspections after a court ruling involving a Georgia chicken plant where an inspector investigating a worker injury was told to put a box over her head to avoid seeing other hazards. Occupational Safety and Health Administration inspectors responded to an accident in which a worker...
NCR to buy payment processor JetPay for $184 million
NCR to buy payment processor JetPay for $184 million

Atlanta-based NCR, which makes ATMs and checkout systems, on Monday announced a deal to buy a Pennsylvania company that processes payments. NCR said it will buy JetPay for $184 million through existing cash and credit lines, and the deal has been approved by the boards of both companies. NCR said it will add JetPay’s cloud-based payments technology...
You now have until Nov. 16 to nominate your company for AJC’s Top Workplaces 
You now have until Nov. 16 to nominate your company for AJC’s Top Workplaces 

You say you work for a great company with an encouraging and inclusive atmosphere. You say you have good benefits. You say your bosses are fair, sympathetic, understanding. Then why not share the good news? And there’s still time to do it because the nomination deadline has been extended to Nov. 16.  In March, The Atlanta Journal-Constitution...
More Stories