WEALTH REPORT Country's super rich are getting even richer



Eddie DeBartolo ranks 263rd among America's richest people.
NEW YORK (AP) -- The economy is improving for the super rich.
After two years of declines, the total net worth of America's richest people rose 10 percent to $955 billion this year from 2002, according to Forbes magazine's annual ranking of the nation's 400 wealthiest individuals.
Microsoft Corp. founder Bill Gates, who remained in the top spot, personified the trend toward increasing wealth. His fortune increased by $3 billion to $46 billion this year.
DeBartolo
Eddie DeBartolo, the former Canfield resident who now lives in Tampa, was 263rd on the list with a net worth of $990 million. He has returned to developing shopping centers, which was how his late father, Edward J. DeBartolo, built his fortune.
Forbes said the surge in collective net worth was largely due to gains in Internet stocks and tech fortunes. For example, Amazon.Com's Jeff Bezos saw his fortune expand by more than $3 billion to $5.1 billion as the stock of the online retailer skyrocketed. Bezos was the top gainer on the list, and holds spot 32.
David Filo, co-founder of Yahoo!, saw his net worth nearly triple to $1.6 billion, tying him with 13 others for the 126th spot. Yahoo!'s other co-founder, Jerry Yang, also nearly tripled his fortune, but he shared the 162nd spot on the list with 16 others with a $1.4 billion fortune.
The gains are part of a continuing shift in wealth from the East to the tech-centric West. When the list was first published in 1982, there were 81 members from New York and 56 from California. Today, California boasts 95 Forbes 400 members, while New York has 47.