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Four Hoosiers among richest Americans; Irsay ascends

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Indianapolis Colts owner Jim Irsay is moving up the ranks of the richest Americans a year after making his way onto the Forbes 400 list of the nation’s wealthiest people.

Irsay, 51, ranked 290th on the list with an estimated net worth of about $1.4 billion, according to the list released Wednesday. He made Forbes’ list for the first time last year, ranking 347th with a net worth of $1.1 billion.

Other Hoosiers dropped in the rankings. Cook Group founder Bill Cook of Bloomington landed at No. 101 with $3.1 billion, down from No. 85 last year after losing $400 million of his wealth; White Lodging leader Dean White of Crown Point was No. 221 with $1.8 billion, down from No. 202 despite a $50-million increase in net worth; and Indianapolis-based Simon Property Group co-founder Herb Simon, No. 330 with $1.25 billion, down from No. 317. His wealth was unchanged at $1.25 billion.

This year’s Forbes 400 reflects an "uptick" in wealth among the richest Americans, the magazine said. More than half saw their net worth increase, while just 85 members saw a decline. Forbes said 16 member were new to the list, and 18 returned after an absence.

Microsoft founder Bill Gates topped the list for the 17th straight year with $54 billion, improving on the $50 billion reported in 2009.

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  • Ballard?
    How does Jim place sole blame on Ballard for these corporate giveaways? The deal with the Colts was struck before Ballard was elected. only the most recent deal with the Pacers, which is relatively minor, happened with Ballard as mayor.

    As a gesture of a goodwill, Irsay should donate or return the Colts 50% take from other entities rent of Lucas Oil Stadium. This is the $ that almost forced the IHSAA to change venues for high school football championships until the Colts signed on as "sponsor" of the event.
  • Too much to take.
    Once again, That Ballard mayor giving away the city's needed money, assets, and resources to people who don't need it. All for a status of saying he made it to the top 400. Gee. And what he has given to the Pacers, and now spending money for a digital banner sign in the Field House, how much more is this guy going to screw the people of Indianapolis?
  • Rich Boy Irsay
    I'm really glad to see that the various subsidies that we taxpayers are providing to the Colts are paying off to Jim. They're certainly not paying off for those who are picking up the tab.
  • Thanks Indianapolis, especially Fred
    Thank you central Indiana taxpayers for paying for my teams operating expenses and giving me all the profits with nothing in return.

    Hope my new partnership with the United Way will help you dig deeper into your own pockets to help the needy while I blow your money on myself.

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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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