Newspaper article THE JOURNAL RECORD

Two Sooners among Nation's Richest

Newspaper article THE JOURNAL RECORD

Two Sooners among Nation's Richest

Article excerpt

Associated Press

Two Oklahomans are on the list of Forbes magazine's 400 richest people in America.

Edward L. Gaylord of Oklahoma City was at No. 119 with an estimated worth of $735 million.

Also on the list is George Kaiser of Tulsa, at No. 289. The magazine estimates Kaiser is worth $400 million.

Gaylord is president of Oklahoma Publishing Co. and also is chairman of Gaylord Entertainment Inc. of Nashville, Tenn.

In 1993, Gaylord was ranked at 105 with $780 million.

Kaiser is chairman and chief executive officer of Bank of Oklahoma NA and owner of Kaiser-Francis Oil Co. of Tulsa.

Kaiser was ranked 368th in 1993 by Forbes with net worth of $300 million.

Bill Gates' burgeoning software empire bested the stock-picking wiles of Warren Buffett, installing the chairman of Microsoft Corp. at the top of Forbes magazine's 1994 list of richest Americans.

In its annual report on the cream of the capitalist crop, the biweekly business journal put Gates' net worth at $9.35 billion, enough to bump Buffett, with just $9.2 billion, out of the No. 1 post he held last year.

Forbes attributed the flip-flop to the vagaries of the stock market.

Buffett, 64, the folksy investor from Omaha, Neb., kept his investment company, Berkshire Hathaway, growing this year, but not as fast as Microsoft.

Thanks to his holdings in the company, Gates' net worth grew by more than $3 billion while Buffett's rose by a comparatively paltry $900 million.

The year has been one of milestones for Gates, 38, of Bellevue, Wash., and his company.

On New Year's Day, the one-time king of the computer nerds married Melinda French in Hawaii. More important for Gates' wealth, Microsoft emerged largely unscathed from a federal antitrust inquiry that it monopolized the software business.

Gates is quoted in the Oct. 17 Forbes as saying its list is "silly." He appears to shun such marks of success.

"If I'd had some set idea of a finish line, don't you think I would have crossed it years ago?" he said.

Forbes also said Gates now appears to be the wealthiest commoner in the world.

The only foreign billionaire in his league besides royalty is Yoshiaki Tsutsumi, a Japanese railroad and hotel tycoon whom Forbes said is worth $8. …

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