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Irsay, Simon tie on magazine's world's-richest list

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In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world.

Both Irsay and Simon—also co-founder of Simon Property Group—were among the four Hoosier entrepreneurs who also made the list last year.

Forbes estimated each man’s net worth at $1.4 billion, unchanged for 52-year-old Irsay and an improvement for Simon, 76, whose holdings were pegged at $1.1 billion last year.

Cook Group Inc. founder Bill Cook, who made his fortune selling medical devices, slipped nearly 100 places in the rankings, ending up 362nd with a net worth of $3.1 billion, down from $4.5 billion. Cook, 79, and his wife Gayle are noted philanthropists who live in Bloomington.

Dean White, the 87-year-old founder of Merrillville-based White Lodging, was listed 692nd with a net worth of $1.8 billion.

Mexican tycoon Carlo Slim Helu ($74 billion) topped the billionaires list for the second time in a row, followed by Microsoft chief Bill Gates ($56 billion) and investing guru Warren Buffett ($50 billion).

All told, 1,210 billionaires made the list with a total net worth of $4.5 trillion—both records for Forbes.

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  • Bob
    Irsay has a good thing going~~he is a billionaire and we keep building his stadiums!
  • Bob
    Really? Our national debt and financial crisis could be eliminated if we elected people who didn't spend our money and then raise our taxes, or try,to pay off what they spend. Term limits, and a MODEST retirement. They retire at their regular pay or close to that amount. There is lots more, but that is a start.
  • A drop in the bucket?!?!
    95% of the wealth of this country is held by 5% of the population. What is enough? I'd say when people chose between heat and food while one man choses which vacation home to fly his personal jet to is enough. I am talking about people, you seem to be talking about personal assets. In my mind, people are most important, but I'm a wacko extremist!
  • Who says what's enough?
    Careful there Joe. You sound a bit like ol' Hugh Chavez. All their combined wealth is a drop in the bucket. Less envy, more ambition.
  • Really?
    Are we supposed to be glad that billionaires are still billionaires? The higher they make it on the list, the worse off the state will be. At what point is enough enough. Why do we consider it appropriate for all the nation's wealth to be concentrated among so few. Our national debt and financial crisis could be eliminated if the wealthy shared the same burdon as us low lifes, yet we chose to cut vital programs and lower a majority of the populations quality of life. God bless the American dream or be damned right?
    • Tax dollars at work
      If you deduct that part of their income which is extorted from tax payers and give away to by the GOP, I doubt they would have made it. But be assured, these guys will never thank Hoosiers for giving them such huge profits for doing little if anything to earn it.
    • huh?
      "In a feat not possible for their teams"??? What kind of drivel is that??? Ridiculous. Grow up.
    • en·tre·pre·neur. noun
      Irsay entrepreneur? More like beneficiary.
    • en·tre·pre·neur. noun
      Irsay entrepreneur? More like beneficiary.
      • Congrats!
        Congratulations to all Hoosiers who made this list! We should be proud of all our businesspeople, but the Simons and Cooks made their fortunes from Indiana, and for that we, and the thousands of people they employ, should be very grateful. Thanks for staying in Indiana!

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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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