Sands Point, Port Washington Residents Among Richest Americans

A Sands Point and a Port Washington resident made the Forbes 400 list of wealthiest Americans.

Of the 400 richest Americans on the list, seven live on Long Island.

Sands Point resident Ken Langone was No. 207 on the list with a net worth of $3.7 billion. Langone was an early investor in Home Depot and is considered a cofounder of the retail chain. He makes investments in tech and industrial companies.

Port Washington resident Don Vultaggio was No. 259 on the list with a net worth of $3.1 billion. Vultaggio made his fortune selling 99 cent cans of iced tea as the co-founder of AriZona Beverages. He got his start selling beer and soda out of the back of a van in the neighborhoods of Brooklyn where no one else wanted to go. He launched AriZona in 1992, which now sells about 3 billion containers of product a year.

Find out which other Long Island residents made the list here.

Amazon founder and CEO Jeff Bezos is at the top of yet another list of billionaires, this time the Forbes 400 list of wealthiest Americans. The list, released Wednesday, puts Bezos ahead of his Washington-area neighbor, Bill Gates, who had been at the top since 1994.

Bezos was also at the top of Forbes' billionaires list, which was released in March. He dethroned Gates on that list as well.

The 400 richest Americans have a massive amount of wealth. According to Forbes, the minimum net worth needed to join the list in 2018 was $2.1 billion, the highest amount ever for admission. In all, Forbes says the net worth of the 400 was a record high of $2.9 trillion and half of that belongs to just the 45 richest people in the country.

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