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LeBron James Part Of Sun Valley Billionaire Confab

As the LA Times points out, Kobe Bryant may won the NBA championship but it's Cleveland Cavaliers player LeBron James who the billionaires want to talk to in Sun Valley this week. The young player who is building his basketball and financial empire is part of this year's annual Allen & Co. conference in Sun Valley, Idaho. The five-day conference includes many of the world's richest people including Bill Gates, Warren Buffett, Sumner Redstone, Sergey Brin, Mark Zuckerberg and Diane von Furstenberg. Another attendee likely to be in demand will be Twitter co-founder Evan Williams.

The conference takes over the area with private jets filling the local airport and hotel rooms selling out as both attendees and media flock to the event. While the event is supposed to be a hush-hush affair the press often gets the rare chance to spot the wealthy in casual clothes relaxing and enjoying Sun Valley's beautiful scenery. Meanwhile, behind closed doors the future of media itself and how to best monetize the digital world will be one of the topics of conversation.

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Who's Up, Down & Out on New Forbes 400 Richest List

by Jared Paul Stern (RSS feed) —

Filed under: Wealth

Forbes just released its annual Forbes 400 list of the richest Americans, and billionaire Microsoft founder Bill Gates (above) is back on top after briefly ceding first place to Warren Buffett this spring. Gates has a net worth of $57 billion as opposed to Buffett's $50 billion - $12 billion less than he had several months ago before Berkshire Hathaway's stock plummeted 15%. Buffett isn't the only one to suffer a major reversal. The year's biggest loser was Sands casino mogul Sheldon Adelson, No. 15, whose fortune fell $13 billion in the past 12 months - about $1.5 million per hour, Forbes notes - to $15 billion.

Adelson's fellow casino kingpin Kirk Kerkorian, No. 27, was another underachiever, losing $6.8 billion this year. Still, they were both better off than the 33 moguls who fell off the list altogether due to declining fortunes. On the plus side, 31 new plutocrats moved up to take their places, including Facebook founder Mark Zuckerberg, 24, who makes his debut on the list with an estimated net worth of $1.5 billion.

Other Forbes 400 first-timers include fertilizer tycoon Alexander Rovt, car dealer and art collector Norman Braman, and Patrón tequila founder John Paul DeJoria. Meanwhile, New York City's billionaire mayor Michael Bloomberg was the year's biggest gainer, as his net worth jumped $8 billion to a total of $20 billion, snagging him the No. 8 position. Also worth noting among this year's stats:

The average net worth of Forbes 400 members is $3.9 billion.
There are 42 women on the list with an average net worth of $4.2 billion.
For the 2nd year in a row, the minimum net worth needed to make the list is $1.3 billion.
The assembled net worth of the richest Americans rose by only 2%, or $30 billion, to $1.57 trillion this year.

See the complete list here.

Tags: Bill Gates, BillGates, Billionaires, Forbes, Forbes 400, Forbes400, mark zuckerberg, MarkZuckerberg, Michael Bloomberg, MichaelBloomberg, Patron tequila, PatronTequila, sheldon adelson, SheldonAdelson, warren buffett, WarrenBuffett