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Cook again tops list of richest Hoosiers

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The widow of medical device industry pioneer Bill Cook again is the top Hoosier on the latest Forbes 400 list of the nation’s wealthiest people.

Gayle Cook of Bloomington ranks 104th with a net worth of $3.7 billion, according to the annual list released Wednesday. Though her net worth increased from $3.4 billion last year, Cook slipped out of the top 100, from her previous ranking of 96th. Bill Cook, who died in April 2011, founded Cook Group Inc. in Bloomington.

Simon Property Group co-founder and Indiana Pacers owner Herb Simon continues to rise in the rankings, from No. 330 in 2010, to No. 273 in 2011 and to No. 218 this year. His wealth increased from $1.25 billion to $2.2 billion during that span.

Hotelier Dean White of Crown Point was the next wealthiest Hoosier, ranked No. 271 with $1.8 billion.

Indianapolis Colts owner Jim Irsay climbed one spot in the rankings, to No. 311, with a net worth of $1.5 billion.

Microsoft Corp.’s co-founder Bill Gates remains the nation’s richest man by far, taking the top spot for the 19th consecutive year with a net worth of $66 billion.

Investor Warren Buffett, the head of Berkshire Hathaway Inc., again took second with $46 billion.

Forbes said the rich mostly got richer in 2012, with net worth rising for 241 members of its list and shrinking for only 66. Rising stock prices, a rebound in real estate values and an increase in rare art prices helped.
 

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  • Wow
    That 2% sales tax on medical devices really will be crippling.
  • Correction
    @JJ I think you meant 'socialize risk and privatize profits'. Couldn't agree more with your sentiment.
  • Why are you suprised?
    The redistrubution from the masses to the few rich continures, Simon, alone, has received over 440 million, according to your own paper in direct subsidies from the city and state. The city is a 25% payer for the JW, and everyone knows the numbers for Irsay. As always, socialize risk, and privatize risk. The lower 99% continues to pay for the 1%.

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    1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

    2. If you only knew....

    3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

    4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

    5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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