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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. Socialized medicine works great for white people in Scandanavia. It works well in Costa Rica for a population that is partly white and partly mestizo. I don't really see Obamacare as something aimed against whites. I think that is a Republican canard designed to elicit support from white people for republican candidates who don't care about them any more than democrats care about the non-whites they pander to with their phony maneuvers. But what is different between Costa Rica nd the Scandanavian nations on one hand and the US on the other? SIZE. Maybe the US is just too damn big. Maybe it just needs to be divided into smaller self governing pieces like when the old Holy Roman Empire was dismantled. Maybe we are always trying the same set of solutions for different kinds of people as if we were all the same. Oh-- I know-- that is liberal dogma, that we are all the same. Which is the most idiotic American notion going right back to the propaganda of 1776. All men are different and their differences are myriad and that which is different is not equal. The state which pretends men are all the same is going to force men to be the same. That is what America does here, that is what we do in our stupid overseas wars, that is how we destroy true diversity and true difference, and we are all as different groups of folks, feeling the pains of how capitalism is grinding us down into equally insignificant proletarian microconsumers with no other identity whether we like it or not. And the Marxists had this much right about the War of Independence: it was fundamentally a war of capitalist against feudal systems. America has been about big money since day one and whatever gets in the way is crushed. Health care is just another market and Obamacare, to the extent that it Rationalizes and makes more uniform a market which should actually be really different in nature and delivery from place to place-- well that will serve the interests of the biggest capitalist stakeholders in health care which is not Walmart for Gosh Sakes it is the INSURANCE INDUSTRY. CUI BONO Obamacare? The insurance industry. So republicans drop the delusion pro capitalist scales from your eyes this has almost nothing to do with race or "socialism" it has to do mostly with what the INSURANCE INDUSTRY wants to have happen in order to make their lives and profits easier.

  2. Read the article - the reason they can't justify staying is they have too many medicare/medicaid patients and the re-imbursements for transporting these patient is so low.

  3. I would not vote for Bayh if he did run. I also wouldn't vote for Pence. My guess is that Bayh does not have the stomach to oppose persons on the far left or far right. Also, outside of capitalizing on his time as U. S. Senator (and his wife's time as a board member to several companies) I don't know if he is willing to fight for anything. If people who claim to be in the middle walk away from fights with the right and left wing, what are we left with? Extremes. It's probably best for Bayh if he does not have the stomach for the fight but the result is no middle ground.

  4. JK - I meant that the results don't ring true. I also questioned the 10-year-old study because so much in the "health care system" has changed since the study was made. Moreover, it was hard to get to any overall conclusion or observation with the article. But....don't be defensive given my comments; I still think you do the best job of any journalist in the area shedding light and insight on important health care issues.

  5. Probably a good idea he doesn't run. I for one do not want someone who lives in VIRGINIA to be the governor. He gave it some thought, but he likes Virginia too much. What a name I cannot say on this site! The way these people think and operate amuses me.

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