What is FORBES 400? What does FORBES 400 mean? FORBES 400 meaning, definition & explanation

What is FORBES 400? What does FORBES 400 mean? FORBES 400 meaning – FORBES 400 definition – FORBES 400 explanation.

Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/… license.

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The Forbes 400 or 400 Richest Americans is a list published by Forbes magazine of the wealthiest 400 American residents, ranked by net worth. The list is published annually in September, and 2011 marked the 30th issue. The 400 was started by Malcolm Forbes in 1982. Peter W. Bernstein and Annalyn Swan describe the Forbes 400 as capturing “a period of extraordinary individual and entrepreneurial energy, a time unlike the extended postwar years, from 1945 to 1982, when American society emphasized the power of corporations.” Bernstein and Swan also describe it as representing “a powerful argument – and sometimes a dream – about the social value of wealth in contemporary America.”

Inherited wealth may help explain why many Americans who have become rich may have had a “substantial head start”. In September 2012, according to the Institute for Policy Studies, “over 60 percent” of the Forbes richest 400 Americans “grew up in substantial privilege”.

The current list of members of the Forbes 400 is updated usually in September of each year.

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