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By Kent Larsen
Down Market, Sept. 11th Shuffles List of Richest Mormons
NEW YORK, NEW YORK -- The current issue of Forbes magazine lists the
400 richest Americans, and in the process reveals a list of the
world's richest Mormons. The seven men on the list haven't changed
since Forbes list of billionaires this past summer, but their order
has shifted because of the declining market and the aftermath of
September 11th.
Twice each year Forbes produces lists that can be used to track the
richest Mormons. Each October it lists the 400 richest Americans, in
the process listing the richest Mormons since Mormon News has not yet
identified any Mormon outside the US of comparable net worth. Then
each July Forbes lists the world's billionaries, including the same
list of the richest Mormons.
Like this past Summer, billionaire Jon Huntsman tops the list at
number 50, with a net worth of $3.8 billion. However, this is down
from last year, when Huntsman had a net worth of $4.1 billion, but up
in the rankings from number 59.
Last October Huntsman was also second on the list, temporarily,
behind fiber optics guru David R. Huber, whose latest venture,
Corvis, skyrocketed to over $100 a share at the time Forbes compiled
its list. Corvis has since dropped to less than $2 a share.
Like Huntsman, several of those on the list lost net worth since last
year, victims of the decline in the overall stock market. In
addition, Forbes lists several whose fortunes have declined in the
wake of the September 11th terrorist attacks, notably brothers
Richard and Bill Marriott, whose net worths declined to $1.0 billion
and 790 million respectively.
| | | This Year | Last Year | |
| Name | Age | Rank | Net Worth | Rank | Net Worth | Residence |
| Huntsman, Jon M. | 50 | $3,800 | 59 | $4,100 | Salt Lake City, UT |
| Sorenson, James L. | 60 | 3,000 | 99 | 2,600 | Salt Lake City, UT |
| Marriott, Richard E. | 158 | 1,400 | 236 | 1,200 | Potomac, MD |
| MH-Sant, Roger W. | 172 | 1,300 | 121 | 2,200 | Middleburg, VA |
| *-Jannard, Jim | 189 | 1,200 | 218 | 1,300 | San Juan Islands, WA |
| Marriott, J. Willard | 189 | 1,200 | 302 | 975 | Potomac, MD |
| *-Peery, Richard T. | 189 | 1,200 | 189 | 1,500 | Palo Alto, CA |
| MH-Holding, Robert Earl | 236 | 1,000 | 308 | 925 | Salt Lake City, UT |
- *-Mormon News has confirmed that this person is Mormon, but we don't know if he is active, inactive or of Mormon heritage.
- MH-Mormon Heritage
Sources:
As With The Markets, So Goes The 400s
Forbes 8Oct01 B2
By Peter Newcomb: Forbes Magazine
The Forbes Four Hundred
Forbes 27Sep01 B2
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