Did all of the wasteful spending for Proposal 6 knock Moroun down on the Forbes list?

Moroun slips on list of world’s richest people

The Windsor Star

Dave Battagello

Ambassador Bridge owner Matty Moroun is losing ground on the list of the richest people in the world, according to the annual billionaires list released Monday by Forbes magazine.

Moroun is ranked as tied for 1,268 with an estimated net worth of $1.1 billion, close to falling off the list of more than 1,342 billionaires from around the globe.

“Those are Forbes numbers,” said bridge company president Dan Stamper. “How they get them is up to them, so we will not respond to it.”

The Grosse Pointe, Mich., transportation mogul had a net worth of $1.8 billion three years ago when he was tied at 556th on the list, but has since been slowly sliding down.

He was at $1.5 billion in 2012. In the past year, he has spent large sums of money on legal fees, advertising and political contributions in order to fight the $1-billion Detroit River International Crossing.

“He’s been pretty preoccupied with fighting the new border crossing,” said MP Brian Masse (NDP — Windsor West). “Perhaps the political contributions are costing him more than ever before. He’s been giving millions to politicians, but still I don’t think he is suffering too much.

“He has no shortage of resources. I’m sure a lot of people wish they had his kind of (financial) troubles.”

Carlos Slim Helú, the telecom giant in Mexico, remains at the top of the Forbes list with an estimated worth of $73 billion. He is followed by Microsoft guru Bill Gates at $67 billion. Investor Warren Buffet was fourth at $53.5 billion.

Media giant David Thomson and family was again listed as the richest Canadian — 24th on the list with a net worth of $20.3 billion.

Among those tied with Moroun at $1.1 billion is Buffet’s right-hand man Charles Munger and Montreal real estate developer Marcel Adams.

Others of note from this area include real estate investor Alfred Taubman tied at 490 at $2.9 billion, automaker William Ford Sr., tied at 1,161 at $1.25 billion, auto corporate boss Roger Penske at 1,175 at $1.2 billion, equal to Toronto-area parts boss Frank Stronach.

Celebrities of note are Donald Trump, tied at 423 at $3.2 billion, the same as filmmaker Steven Spielberg, while Oprah Winfrey was tied at 503 with a net worth of $2.8 billion.