Seven Colorado Billionaires Make Forbes List

March 2005
Forbes has released its annual list of world billionaires. This year, Colorado has seven on the list, compared to six last year. They are: Charlie Ergen, Philip Anschutz, John Malone, Pat Stryker, Charles Gates Jr. , Gary Magness and Thomas Bailey. Bailey, founder of Janus Funds, had been off the list since 2001. Charlie Ergen of Echostar leads the Colorado list with a worth of more than $7 billion. Phil Anschutz is next with more than $5 billion. The total number of billionaires is at a record-setting 691. The richest man in the world for the 11th year in a row is Bill Gates, followed by Warren Buffett. Some more statistics on the group:
The billionaires have an average age of 64, and 29 of them are younger than 40, Forbes said. Sixty-eight are female and 26 are single. Of the list, 388 are self-made, meaning they didn't inherit their money, and 18 are high-school dropouts.
The oldest is 96 and the youngest is 21.