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.
An officer-involved shooting in Oxnard early Saturday morning killed a 26-year-old woman.
A total of 13 guns and about 13,000 prescription pills 13 were seized from an alleged drug trafficker and his associates in Oxnard this week.
Senerey De Los Santos photo
The California Highway Patrol says a Santa Ynez teenager was hit and severely injured when she walked in front of a minivan.
A 40-year-old man was rescue from his vehicle after it rolled down the side of Highway 154 Saturday evening.
The Santa Barbara Police Department needs to hire 12 officers.
A Santa Barbara man was convicted Friday of aggravated sexual assault of a child under the age of 14 by forcible rape.
Due to little rain fall, diminishing moisture levels in vegetation, and unseasonably warm weather the Santa Barbara City Fire Department has cancelled any and all burn permits that have been issued.
Vandals cut hole in storage unit and steal personal belongings.
CDC Public Health Image Library
Vikings sack Paris, the Hollywood Walk of Fame gets its first star, President Eisenhower dies, and Three Mile Island melts down, all on this day.
Senerey de los Santos photos
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