Forbes is out with its list of The 400 Richest Americans. Have you ever wondered how Forbes knows who to put on the list (and where)? Here, in the magazine's own words, is Forbes' methodology:
Our estimates of people’s net worth are deliberately conservative and should be considered “at least” figures. We do our best to value everything, from stakes in publicly traded or privately held companies, real estate and investments in natural resources to art, yachts and mansions. We dig through SEC documents and court records; call analysts, employees, competitors and ex-wives; and look at newspaper and magazine articles. We also take a hard look at debt. However, we do not pretend to know everything on a private balance sheet.
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Our estimates of people’s net worth are deliberately conservative and should be considered “at least” figures. We do our best to value everything, from stakes in publicly traded or privately held companies, real estate and investments in natural resources to art, yachts and mansions. We dig through SEC documents and court records; call analysts, employees, competitors and ex-wives; and look at newspaper and magazine articles. We also take a hard look at debt. However, we do not pretend to know everything on a private balance sheet.
Read the complete article
