Feel like you’re treading water financially? I don’t suppose it will help to know that the wealth of the richest Mormons is also not growing? Perhaps not, but my analysis shows this to be the case. To be honest it’s hard to even think that they are put out!
As I’ve done with each of the major Forbes lists of the wealthy, below I’ve compiled a summary of the Mormons who appear on the list of the world’s billionaires that Forbes published last month.
This time the Mormons on the list have declined in rank since I last looked at them in May, even though their net worth, in total, stayed level. Two of the five Mormons on the list saw their wealth decrease over the past six months, perhaps because of the stagnant economy, while only one of the other three, Richard Marriott, saw his net worth increase.
Here’s the list as it now stands from Forbes:
#120 – Steven Udvar-Házy $3.3 billion (down from $3.4 billion in May)
#150 – James Jannard $2.8 billion (down from $3.0 billion in May)
#239 – Richard Peery $2.0 billion (up from $1.9 billion in May)
#764 – Richard Marriott $1.9 billion (up from $1.7 billion in May)
#804 – J. Willard (Bill) Marriott $1.6 billion (same as in May)
These changes are generally due to changes in the values of stock and real estate holdings, which have seen significant changes in the current uncertain economy. Observers should recognize that in most cases this wealth represents assets that aren’t liquid and can’t easily be used or donated without significant complications (decline in stock value when too much is sold, loss of control, etc.) and charitable criticisms of any accumulated wealth should recognize these complications.
This list is based on Forbes’ list of the 400 Richest Americans, where as May’s list was based on its list of the world’s billionaires. This list is merely to point out the connection of these individuals with Mormonism and isn’t meant to suggest anything about them or the propriety of accumulated wealth.
For what its worth, the following Mormon families and individuals have been on the Forbes lists in the past, or have been suggested as those who might be on the list, but are not on the list at the moment:
- Jon Huntsman family
- James L. Sorensen family
- Roger W. Sant
- David R. Huber
- Frank L. Vandersloot
I’ve added the list above so that I can catch them if they show up on the list again. Other suggestions are welcome.
[In May 2011 I addressed whether or not we should care about who are on these lists. If you object to this, please read that post first before commenting -- I don't see the point in repeating what was said then. The previous list (in May) can be found here.]