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More Than 10% Of America's 400 Richest Billionaires Are Immigrants

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More Than 10% Of America's 400 Richest Billionaires Are Immigrants
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Forbes recently published its annual list of the 400 richest Americans, with Bill Gates leading it for the 23rd consecutive year, trailed by Amazon.com, Inc. (NASDAQ: AMZN) CEO Jeff Bezos and Berkshire Hathaway's (NYSE: BRK-A) Warren Buffett.

What was unexpected to many was the number of immigrants that made it to the list. More than 40 out of these 400 billionaires were born outside of the United States.

These 42 immigrant billionaires came from 21 different countries and have amassed a combined net worth of $250 billion, according to Forbes’ calculations. Among them are Tesla Motors Inc (NASDAQ: TSLA)’s South African founder Elon Musk and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)’s Russian co-founder Sergey Brin.

Source: Forbes

Six of these immigrants came from Israel, five from India, four from Hungary and another four from Taiwan.

Other immigrants include legendary Hungarian investor George Soros, and Ukranian businessman Len Blavatnik.

Interestingly, a recent report from the Kauffman Foundation said “immigrants are twice as likely to become entrepreneurs as native-born Americans… The risk-taking that defines an immigrant’s experience in starting anew in a country often continues to benefit immigrant entrepreneurs as they channel a healthy appetite for risk in a way that leads to new business ideas.”

Below is a full list of the immigrant billionaires that made it to the 2016 Forbes 400 list.

Name

Net Worth

Country Of Origin

Year Immigrated

Sergey Brin

$37.5 billion

Russia

1979

George Soros

$24.9 billion

Hungary

1956

Len Blavatnik

$18.2 billion

Ukraine

1978

Thomas Peterffy

$12.6 billion

Hungary

1965

Elon Musk

$11.6 billion

South Africa

1990s

Rupert Murdoch

$11.1 billion

Australia

1985

Patrick Soon-Shiong

$9.2 billion

South Africa

1980

Jan Koum

$8.8 billion

Ukraine

1992

Pierre Omidyar

$8.1 billion

France

1973

Micky Arison

$7.2 billion

Israel

1950s

Shahid Khan

$6.9 billion

Pakistan

1967

John Tu

$5.3 billion

China

1971

David Sun

$5.3 billion

Taiwan

1977

Jeffrey Skoll

$4.1 billion

Canada

1993

Igor Olenicoff

$3.7 billion

Russia

1957

Isaac Perlmutter

$3.6 billion

Israel

1960s

Dagmar Dolby &
family

$3.5 billion

Germany

1976

Steven Udvar-Hazy

$3.5 billion

Hungary

1958

Roger Wang

$3.4 billion

China

1970

John Catsimatidis

$3.3 billion

Greece

1949

Tom Gores

$3.3 billion

Israel

1968

Kieu Hoang

$3.1 billion

Vietnam

1975

Romesh T. Wadhwani

$3 billion

India

1969

Do Won & Jin Sook
Chang

$3 billion

South Korea

1981

Michael Moritz

$3 billion

United Kingdom

1976

Andrew & Peggy
Cherng

$2.9 billion

China, Burma

1966, 1967

Haim Saban

$2.9 billion

Israel

1983

Jorge Perez

$2.8 billion

Argentina

1960s

Mortimer Zuckerman

$2.7 billion

Canada

1977

Peter Thiel

$2.7 billion

Germany

1968

Douglas Leone

$2.7 billion

Italy

1968

Min Kao

$2.7 billion

Taiwan

1970s

C. Dean Metropoulos

$2.5 billion

Greece

1956

Bharat & Neerja Sethi
Desai

$2.5 billion

Kenya, India

1976, 1978

Noam Gottesman

$2.3 billion

Israel

1960s

Rakesh Gangwal

$2.2 billion

India

1970s

Jerry Yang

$2.2 billion

Taiwan

1978

John Kapoor

$2.1 billion

India

1964

Alec Gores

$2.1 billion

Israel

1968

Kavitark Ram Shriram

$1.9 billion

India

1970s

Charles Simonyi

$1.8 billion

Hungary

1967

Jen-Hsun Huang

$1.7 billion

Taiwan

1973

Source: Forbes

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