billions dwindle; Ergen remains ahead
The Denver Business Journal
Friday, March 9, 2007
Denver financier Phil Anschutz has lost more than half of his
wealth since 1999, according to the annual ranking of the
world's richest people released by Forbes magazine Thursday.
The founder of Denver-based telecom company Qwest Communications
International Inc., Anschutz, 67, is worth $7.9 billion, down
from $16.5 billion on the 1999 list. But his finances have
rebounded from last year, when Forbes pegged Anschutz's wealth
at $6.4 billion.
Bill Gates, the co-founder of Microsoft Corp., was again ranked
the world's richest person with an estimated fortune of $56
The richest person in Colorado is Charlie Ergen, 54, the founder
of the satellite TV company EchoStar Communications Corp., with
a fortune estimated at $10 million, up from $6.7 billion in
2006. Ergen has been ranked richest in the state since Forbes
published its 2002 list. That year the magazine put Ergen's
worth at $6.2 billion and Anschutz's at $5.1 billion.
The year before, Ergen trailed Anschutz with $8.8 billion to
Anschutz's $15.3 billion.
Colorado's list of billionaires expanded by two for 2007. Gary
Magness, 53, the heir of cable TV pioneer Bob Magness, returned
to the list after dropping off in 2006. Magness, whose father
died in 1996, was last on the Forbes list in 2005 with a fortune
of $1 billion. This year, Magness is worth $1.3 billion.
New to the list this year is Kenneth Tuchman, 47, the founder of
TeleTech Holdings, which operates call centers around the world.
Tuchman's fortune is estimated at $1.2 billion.
Forbes ranked Ergen No. 62 among the world's billionaires.
Anschutz was No. 93.