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.
Photo Courtesy: Santa Barbara County Fire Dept.
A woman was killed following a vehicle accident on Highway 1 just south of Jalama Road that occurred at approximately 1:23 a.m. Friday.
The autopsy report shows the death of a Goleta man was accidental. His body was found after a week of searching when he failed to show up for work.
Source: Santa Maria Police Department
19-year-old Tyler Hugh Gentry of Santa Maria, was arrested by police on Thursday afternoon after leading officers on a short pursuit.
If you enjoy lunch or dinner today at Joe's Crab Shack in Ventura, a portion of your check will help grant wishes of sick kids in our community!
A marching band from Ireland will be in the July 4th parade in Santa Barbara this weekend.
After a two month investigation, DNA evidence linked 55-year-old Jose Guadalupe Langarcia of Oxnard to a kidnapping and rape near Oxnard State Beach Park.
While many will be cheering the sights and sounds of fireworks this weekend, some combat veterans struggle with post-traumatic stress disorder during this time of the year.
Here's what is happening this weekend up and down the coast.
Keep you and your friends and family healthy and safe over the Fourth of July weekend with these tips.
Alberto E. Rodriguez/Getty Images
With Canada Day on July 1, turn your attention to the 40 hottest actresses from our neighbor to the north.
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