Buoyed by the stock market, the average net worth of the richest people in America has hit a record $5.7 billion, up $700 million from last year, according to Forbes.
Take a look at the 10 richest people in America.
12. S. Robson Walton -- The son of Wal-Mart Stores Inc. founder Sam Walton and chairman of Walmart's net worth is $39.1 billion.
11. Alice Walton -- The daughter of Walmart founder Sam Walton and chairwoman of the Crystal Bridges Museum of American Art is worth an estimated $34.9 billion.
8. Michael Bloomberg, former New York City mayor, founder and owner of Bloomberg LP, philanthropist. Net worth: $35 billion.
7. Jim Walton, chairman and chief executive officer of Arvest Bank Group Inc. Net worth: $36 billion.
6. Christy Walton & family, Walmart heiress and co-chair of the Children's Scholarship Fund. Net worth: $38 billion.
4. David Koch (tie), along with brother Charles, David is co-owner and executive vice president of Koch Industries. Net worth: $42 billion.
4. Charles Koch (tie), along with brother David, Charles is co-owner and executive vice president of Koch Industries. Net worth: $42 billion.
3. Larry Ellison, CEO of Oracle. Net worth: $50 billion.
2. Warren Buffett, CEO of Berkshire Hathaway. Net worth: $67 billion.
1. Bill Gates, co-founder of Microsoft Corp., is also co-chairman of the Bill & Melinda Gates Foundation. Net worth: $81 billion.
To read more about the wealthiest Americans, go to Forbes.com.
John Palminteri photo
Emergency crews are currently at Goleta Beach on a report of a very large oil sheen in that area.
Keith Carls photo
Santa Maria police are investigating a shooting Tuesday night that killed a man.
More Haggen employees are out of a job as the Washington-based grocer lays off more of its staff.
A Santa Barbara dance couple had the performance of a lifetime at the Oxnard Salsa Festival this past weekend.
A 19-year-old Santa Ynez woman was killed early Wednesday morning when the Lexus vehicle she was driving crashed into a tree.
Santa Maria police were called out Monday afternoon to a residential home in the 200 block of South Western Avenue to investigate a domestic disturbance call.
Santa Barbara County Sheriff's deputies detained one person at gunpoint near the area of Fairview and Calle Real in Goleta Tuesday afternoon.
A 110-pound German shepard became unresponsive while hiking with owner on Santa Julian trail on Sunday.
Stress doesn't go away just because the weather is nice outside. If you're feeling stressed out this summer, reach for these foods next time you need a snack.
Frederick M. Brown/Getty Images for ELLE
Family trees are often full of surprises, but nowhere more than with celebrities. Join us for a surprising look at which stars have other stars for cousins, uncles, aunts and beyond.
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