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Who is the 'one percent' rich in USA?
Fortune 500 has issued a list of S&P 500 companies along with their 2010 financial details. Along with American billionaires and millionaires, the 500 companies are believed to form a main part of the “One Percent” rich in America. Recent anti-Wall Street protesters blame the One Percent for their desperate economic situation.
Who is the One Percent in America?
The following are the largest full-service global investment banks which usually provides both advisory and financing banking services, as well as the sales, market making, and research on a broad array of financial products including equities, credit, rates, currency, commodities, and their derivatives.
1. Bank of America
2. Barclays Capital
3. Citigroup
4. Credit Suisse
5. Deutsche Bank
6. Goldman Sachs
7. JPMorgan Chase
8. Morgan Stanley
9. Nomura Securities
10. UBS
11. Wells Fargo Securities
Diversified Financials
The following are the top eight diversified financials in the U.S. in terms of revenue in 2010. Fortune 500
1. Fannie Mae .......... $153.82 billion
2. General Electric .......... $151.62 billion
3. Freddie Mac .......... $98.36 billion
4. INTL FCStone ........... $46.94 billion
5. Marsh & McLennan ........... $10.93 billion
6. Ameriprise Financial .......... $10.04 billion
7. Aon .......... $8.51 billion
8. SLM .......... $6.77 billion
Commercial Banks
The following are the top ten commercial banks in the U.S. in terms of revenue in 2010. Fortune 500
1. Bank of America Corp. .......... $134.19 billion
2. JP Morgan Chase & Co. .......... $115.47 billion
3. Citigroup .......... $111.05 billion
4. Well Fargo .......... $93.24 billion
5. Goldman Sachs Group .......... $45.96 billion
6. Morgan Stanley .......... $39.32 billion
7. American Express .......... $30.24 billion
8. US Bancorp .......... $20.51 billion
9. Capital One Financial .......... $19.06 billion
10. Ally Financial .......... $17.37 billion
Petroleum Refining
The following are the top ten U.S. petroleum refining firms in terms of revenue in 2010. Fortune 500
1. Exxon Mobil .......... $354.67 billion
2. Chevron .......... $196.33 billion
3. Conoco Philips .......... $184.96 billion
4. Valero Energy .......... $86.03 billion
5. Marathon Oil .......... $68.41billion
6. Sunoco .......... $35.54 billion
7. Hess .......... $34.61 billion
8. Murphy Oil .......... $23.34 billion
9. Tesoro .......... $20.25 billion
10. Holly .......... $8.32 billion
Oil & Gas Equipment, Services
The following are the top U.S. firms active in oil and gas equipment and services in terms of revenue in 2010. Fortune 500
1. Halliburton .......... $17.97 million
2. Baker Hughes .......... $14.41 million
3. National Oilwell Varco .......... $12.15 million
4. Cameron International .......... $6.13 million
Aerospace & Defense
The following are the top ten U.S. corporations in aerospace and defense in terms of revenue in 2010. Fortune 500
1. Boeing ........... $64.30 billion
2. United Technologies .......... $54.32 billion
3. Lockheed Martin ........... $46.89 billion
4. Northrop Grumman .......... $34.75 billion
5. Honeywell International ........... $33.37 billion
6. General Dynamics .......... $32.46 billion
7. Raytheon .......... $25.18 billion
8. L-3 Communications .......... $15.68 billion
9. ITT .......... $11.15 billion
10. Textron .......... $10.52 billion
Motor Vehicles & Parts
The following are the top ten U.S. manufacturing companies of motor vehicles and parts in terms of revenue in 2010. Fortune 500
1. General Motors .......... $135.59 billion
2. Ford Motor .......... $128.95 billion
3. Chrysler Group .......... $41.94 billion
4. Johnson Controls .......... $34.30 billion
5. Goodyear Tire & Rubber .......... $18.83 billion
6. TRW Automotive Holdings .......... $14.38 billion
7. Navistar International .......... $12.14 billion
8. Lear .......... $11.95 billion
9. Paccar .......... $10.29 billion
10. Oshkosh .......... $9.84 billion
American Millionaires
The number of Americans who are millionaires is about one percent of the population. NPR
Of the 435 members of the House, 244 current members of Congress are millionaires - that's about 46 percent and that includes 138 Republicans and 106 Democrats, according to the Center for Responsive Politics, a nonpartisan watchdog group that tracks money in politics. In fact, there are probably many more millionaires in Congress, since lawmakers don't have to include the value of their family home and other details. NPR
In 2010, the average winner of a House race spent $1.5 million for his/her campaigns. The average Senate winner spent close to $10 million. Closely contested races are much more expensive. And about half of that money, on average, comes from an elite group of very wealthy donors. NPR
Wealthy Americans have more access to lawmakers than most regular voters and constituents do, according to the Center for Responsive Politics. NPR
The median net worth for a current member of the U.S. House of Representatives was $725,000 in 2009, according to the Center for Responsive Politics, and the media net worth of a U.S. Senator was $2.4 million. Open Secrets
The richest member of Congress is Darrel Issa, whose net worth was valued between $156 million and $451 million. Open Secrets
Here is a list of the 20 wealthiest current members of Congress and their average net worth, according to the Center for Responsive Politics, based on their financial reports covering calendar year 2009. (The Center plans to unveil its analysis of lawmakers' 2010 financial disclosures later this fall.) Open Secrets
1. Rep. Darrell Issa (R-Calif.) .......... $303 million
2. Sen. John Kerry (D-Mass.) .......... $238 million
3. Sen. Mark Warner (D-Va.) .......... $174 million
4. Rep. Jared Polis (D-Colo.) .......... $160 million
5. Sen. Herb Kohl (D-Wis.) .......... $160 million
6. Rep. Vernon Buchanan (R-Fla.) .......... $148 million
7. Rep. Michael McCaul (R-Texas) .......... $137 million
8. Sen. James Risch (R-Idaho) .......... $109 million
9. Sen. Jay Rockefeller (D-W.Va.) .......... $98 million
10. Sen. Richard Blumenthal (D-Conn.) .......... $94 million
11. Sen. Dianne Feinstein (D-Calif.) .......... $77 million
12. Sen. Frank Lautenberg (D-N.J.) .......... $76 million
13. Rep. Nancy Pelosi (D-Calif.) .......... $58 million
14. Rep. Gary Miller (R-Calif.) .......... $51 million
15. Sen. Bob Corker (R-Tenn.) .......... $50 million
16. Rep. Diane Lynn Black (R-Tenn.) .......... $49 million
17. Rep. Rodney Frelinghuysen (R-N.J.) .......... $43 million
18. Rep. Richard Berg (R-N.D.) .......... $39 million
19. Rep. Nita Lowey (D-N.Y.) .......... $39 million
20. Rep. Kenny Marchant (R-Texas) .......... $38 million
Top Donors to Obama in 2008
The following table lists the top donors to Barack Obama in the 2008 election cycle. Open Secrets
1. University of California .......... $1.6 million
2. Goldman Sachs .......... $1 million
3. Harvard University .......... $0.85 million
4. Microsoft Corp. .......... $0.83 million
5. Google Inc. .......... $0.80 million
6. Citigroup Inc. ........... $0.70 million
7. JPMorgan Chase & Co. .......... $0.69 million
8. Time Warner .......... $0.59 million
9. Sidley Austin LLP .......... $0.58 million
10. Stanford University .......... $0.58 million
11. National Amusements Inc. .......... $0.55 million
12. UBS AG .......... $0.54 million
13. Wilmerhale Llp .......... $0.54 million
14. Skadden, Arps et al .......... $0.53 million
15. IBM Corp .......... $0.52 million
16. Columbia University .......... $0.52 million
17. Morgan Stanley .......... $0.51 million
18. General Electric .......... $0.49 million
19. U.S. Government .......... $0.49 million
20.Latham & Watkins .......... $0.49 million
Top Donors to Bush in 2004
1. Morgan Stanley .......... $603,480
2. Merrill Lynch .......... $586,254
3. PricewaterhouseCoopers .......... $514,250
4. UBS AG .......... $474,325
5. Goldman Sachs .......... $394,600
6. Lehman Brothers .......... $361,525
7. MBNA Corp .......... $350,350
8. Credit Suisse Group .......... $326,040
9. Citigroup Inc. .......... $320,820
10. Bear Stearns .......... $313,150
11. Ernst & Young .......... $305,140
12. US Government .......... $295,786
13. Deloitte LLP .......... $292,250
14. Wachovia Corp. .......... $279,310
15. US Dept of Defense .......... $279,157
16. Ameriquest Capital .......... $253,130
17. US Dept of State .......... $225,330
18. Blank Rome LLP .......... $225,150
19. Bank of America .......... $218,261
20.AT&T Inc. .......... $214,920
American Billionaires
The following is a list of top 20 American billionaires issued by the Forbes 400 in 2011. Forbes
1. Bill Gates from Microsoft .......... $59 billion
2. Warren Buffet from Berkshire Hathaway .......... $39 billion
3. Larry Ellison from Oracle .......... $33 billion
4. Charles Koch from diversified .......... $25 billion
5. David Koch from diversified .......... $25 billion
6. Christy Walton from Wal-Mart .......... $24.5 billion
7. George Soros from hedge funds .......... $22 billion
8. Sheldon Adelson from casinos .......... $21.5 billion
9. Jim Walton from Wal-Mart .......... $21.1 billion
10. Alice Walton from Wal-Mart .......... $20.9 billion
11. S. Robson Walton from Wal-Mart .......... $20.5 billion
12. Michael Bloomberg from Bloomberg LP .......... $19.5 billion
13. Jeff Bezos from Amazon.com .......... $19.1 billion
14. Mark Zuckergerg from Facebook ........... $17.5 billion
15. Surgey Brin from Google .......... $16.7 billion
16. Larry Page from Google .......... $16.7 billion
17. John Paulson from hedge funds ........... $15.5 billion
18. Michael Dell from Dell .......... $15 billion
19. Steve Ballmer from Microsoft .......... $13.9 billion
20.Forrest Mars from candy .......... $13.8 billion
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