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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. liek the rest of America

  2. These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.

  3. It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.

  4. No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.

  5. whoa!

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