The Association of U S West Retirees



Anschutz billions dwindle; Ergen remains ahead
The Denver Business Journal
Friday, March 9, 2007

Denver financier Phil Anschutz has lost more than half of his wealth since 1999, according to the annual ranking of the world's richest people released by Forbes magazine Thursday.

The founder of Denver-based telecom company Qwest Communications International Inc., Anschutz, 67, is worth $7.9 billion, down from $16.5 billion on the 1999 list. But his finances have rebounded from last year, when Forbes pegged Anschutz's wealth at $6.4 billion.

Bill Gates, the co-founder of Microsoft Corp., was again ranked the world's richest person with an estimated fortune of $56 billion.

The richest person in Colorado is Charlie Ergen, 54, the founder of the satellite TV company EchoStar Communications Corp., with a fortune estimated at $10 million, up from $6.7 billion in 2006. Ergen has been ranked richest in the state since Forbes published its 2002 list. That year the magazine put Ergen's worth at $6.2 billion and Anschutz's at $5.1 billion.

The year before, Ergen trailed Anschutz with $8.8 billion to Anschutz's $15.3 billion.

Colorado's list of billionaires expanded by two for 2007. Gary Magness, 53, the heir of cable TV pioneer Bob Magness, returned to the list after dropping off in 2006. Magness, whose father died in 1996, was last on the Forbes list in 2005 with a fortune of $1 billion. This year, Magness is worth $1.3 billion.

New to the list this year is Kenneth Tuchman, 47, the founder of TeleTech Holdings, which operates call centers around the world. Tuchman's fortune is estimated at $1.2 billion.

Forbes ranked Ergen No. 62 among the world's billionaires. Anschutz was No. 93.