University Daily Kansan, September 29. 1983
Page 9
Forbes lists 400 super-rich Americans
By United Press International
NEW YORK — America has at least 15 millionaires, two more than in 1982, standing at the apex of a pyramid of 400 millionaires and fortunes of more than $123 million apiece.
That's the conclusion of Forbes magazine's second annual listing, the taited Forbes Four Hundred, which took a year and an expenditure of $250,000 to compile.
Last year's list included people with only $100 million, but a booster bull market has multiplied so many of the nation's top fortunes that it now takes $125 million to make the list. Some 116 on the list enjoyed at least a 50 percent increase in their fortunes in the past 12 months.
Take Sam M. Walton of Bentonville, Ark., for instance; he was 19th on the Forbes list in 1982. He has now risen to be the second richest man in the country. His $690 million worth of stock in the Wal-Mart discount store chain has more than tripled in value within the year.
"It's almost unbelievable," saul Walton, who still drives a beat-up Chevrolet or a pickup truck from his modest home to the bank—even though he possesses an estimated $2.15 billion. Walton started in business in 1945 and, like most of the other super-rich, his fortune is easily new money.
Almost half of America's super-rich come from New York, California, or Texas. Millennium Tex. pus. 70,000 is the richest per capita city in the U.S.
Chief sources of the wealth are real estate, oil amd media properties, although fugitive financier Robert made the list by stealing $224 million.
According to Forbes' calculations, the richest man in America is Gordon Petty, 49, an amateur composer and pianist with $2.2 billion to support his hobbies. Getty, the fourth son of the former president of replaced shipping nabob Daniel K. Ludwig, who was at the top of the list in 1982 with a little more than $2 million
Ludwig, 86, still has $2 billion and is the third richest American but his fortune too too serious a beating in a failed Amazon jungle paper pulp venture to grow with the bull market. Financial setbacks accounted for many of the 74 dropouts from the 1982 list, including Las Vegas casino owner Moe Dalitz and filmmaker George Lucas ("Return of the Jedi") who surrendered part of his business in a divorce settlement.
Old wealth almost got lost in the resuffling of the nation's assets. David Rockefeller's grandfather, John D. Rockefeller, was a 1918 survey as the richest man in the
country with $1.2 billion. David is 12th on the list of billionaires with a net worth estimated at more than $1 billion. Hisariance is 22nd on the list with $850 million.
There are several spectacular success stories behind the names on the list but none more impressive than that of Kyupin Philip Hwang.
Hwang, 46, who emigrated from North Korea with $50, swabbed dishes in a California casino to finance college, and founded TeleVideo Systems inc. in 1975 in his garage. Hwang went public last March, his shares in the company added to a worth of $375 million, and he became a new comer on the Forbes list.
Almost as dramatic is the success of Leslie H. Wexner, a 46-year-old Ohio clothing retailer who has been in business less than 20 years. He owns a store owned by The Limited. Inc., valued at $51 million, but he isn't completely satisfied.
"I liked it better when I was just another guy from Columbus, Ohio," he said.
Forbes listed its owner, Malcolm S. Forbes, 64, as No. 400 on the list because Forbes claimed he didn't know what of Forbes magazine was worth.
"I'm happy with how I'm fixed," Forbes said.
The Wall Street Journal has estimated Forbes' fortune at $200 million.
Committee approves return of land to Indians
By United Press International
WASHINGTON — A House committee yesterday approved and sent to the full House legislation to return 133 members from Oklahoma to the Kaw Indian Tribe.
The House Interior and Insular Affairs Committee advanced the legislation allowing the return of originally condemned land that was to have
been used for creation of the Kaw Reservoir near the Oklahoma-Kansas border.
The government, which supports the transfer, now considers the land as economic assets.
No date was set for consideration in the House. A Senate subcommittee has passed similar legislation, but it has not yet been considered by the full Senate.
northeast of Ponca City - to the 800-member tribe to use for tribal housing, economic development and a cemetery.
The legislation transfers the land in Kay County, Okla. — about 30 miles
Kaw Tribal Chairman M.M. Chouteau told the House committee last month that the legislation would fulfill a promise by the Army Corps of Engineers to provide the tribe with property in exchange for the condemnation that took the last of the million acres that the tribe owned.
Safety Hints from your gas company.
If you detect an odor you think may be natural gas-
(1) Open windows and doors to dilute the air to a safe level.
(2) Call for aid or advice from the gas company or fire department.
(3) If the odor appears to be very strong, leave the house or building immediately. Go to a telephone and notify the gas company — do not turn on any electrical appliances, including light switches.
(4) When the problem is solved, have a qualified person from the gas company, plumbing or climate control firms relight appliances.
(5) In the event a leak is detected anywhere outside of a building notify the gas company immediately and describe the location and approximate level of the odor a quick check of the area will be made to determine the problem and corrective action needed.
If you have any questions please contact our office.
CALL 843-7842
GAS MAKES
THE BIG Phone 843-7842
DIFFERENCE
110 E. 9th
Religious Activities at the University of Kansas
Sponsored by: University Religious Advisors
P.O. Box 564
Michael Meyer--842-9197
Firesides, Monday, 7:30 p.m. at Regionalist Room, Kansas
Union
KU BAHAI CLUB
BAPTIST, AMERICAN
Campus Center, 1629 W. 19th
(West of Oliver Hall)
Darrell Campus Minister--841-8001
Sunday at First Baptist Church
14th and Kasold
Wednesday: Regular Fellowship Meeting.
4:30-7 p.m. (dinner)
BAPTIST, SOUTHERN
Campus Center, 1629 W. 19th - 841-8001
Rick Clock, Campus Minister
Donna Lee, Campus Minister
Baptist Student Union, Tuesday, 7:00 p.m. at Center
HARAMBEE (Black Christian Fellowship)
Campus Center, 1629 W. 19th-841-8001
Donna Lee, Campus Minister
Friday, 7:00 p.m., Call 841-8001 for meeting place
CAMPUS CHRISTIAN FELLOWSHIP
Campus Christian House, 1116 Indiana
842-6592
Jim Musser, Campus Minister—749-9455
Bible Study and Fellowship, Tuesday; 7:30
CAMPUS CRUSADE FOR CHRIST
Office: 322 Park Hill Terrace
Joe Bucha, Campus Director - 749-4356
Tuesday: Leadership Training, 7 p.m.
8 Big Room, Kansas Union
CATHOLIC, ST. LAWRENCE
Campus Center; 1631 Casten Road—843-0357
Chapel; 1910 Stirford Road
Pristine's Residence; 1632 Casten Road
Farmhouse Krische and Father Hill Porter, Chaplains
Steve Farmhouse, Army Minister
Gary Duda, Outreach Minister
Clancey Schmidt—Director of Development
Confessions — 4 p.m.
Suburban School — Hennall Hall — 9:00-10:30 a.m.; Noon
Weekdays Masses at *St. Lawrence Church* — 7:45 a.m.; M.F
Weekdays Masses at Danforth Chapel — 12:30 p.m.; M.W F.
Saturday Masses at *St. Lawrence Chapel* — 4:35 p.m.
CHARISMATIC, MUSTARD SEED
FELLOWSHIP
256 N. Michigan -841-5685
Nick Williams, Advisor -843-1185 or 864-3963
Sunday Services -10 a.m. and 7 p.m.
Wednesday / Friday – 8 p.m.
1305 Engel Road
CHRISTIAN SCIENCE ORGANIZATION
CHURCH OF CHRIST, SOUTHSIDE
P.O. box 209
Venetta Abbott, President - 864-6556
Don Whitmoret, Advisor - 864-4991
Meetings: Thursday, 3:0 p.m. in Danforth Chapel
25th and Missouri—843-0770
J.P. Tynes, Minister—843-2433
Brad Bynum, Campus Minister—841-6578
Sunday Bible Class, 9:30 a.m.; Worship, 10:30 a.m., Evening, 6 p.m.
Wednesday Mid-Weeek Bible Study, 7:30 p.m.
ECKANKAR—A WAY OF LIFE
COLLEGE-N-CAREERS
Indian Hills Church of God
Louisiana at 29th Street -843-9565, 843-5400
Audrey Epp -843-1485
Sunday, 9:45 a.m.; 10:45 a.m.; 7 p.m.
Meetings October 5, 19; November 2, 16 at Governor's
Room. Kansas Union
Ed Hartley—749-5603
Diane Pagano—841-1982
ECUMENICAL CHRISTIAN MINISTRIES (E.C.M.)
1204 Oread - 843-9433
Sponsored by Church of the Brethren, United Church of Christ, United Methodist Church, Presbyterian Church (Greece)
Dr. Jack Brener, Campus Pastor
Sunday: Supper, Discussion, Prayer 5:30 p.m.
Monday: Mass at 8:30 p.m. 4:30 p.m.
Wednesday: Theological Seminar 8:30 p.m.
Wednesday: Contemplative Prayer 7:45 a.m.; University Forum, 11:45 a.m.
Student Lounge every day
Supporting nurses:
Lone Star Church of the Brethren
Plymouth Congregational, 925 Vermont
Plymouth College, 814 Elm and Elm
Central United Methodist, 1501 Massachusetts
First United Methodist, 940 Vermont
First Presbyterian, 2415 West 23rd
West 1646 Broadway
EPISCOPAL CHURCH (CANTERBURY HOUSE)
ICTHUS BIBLE STUDY
1116 Louisiana - 843-8202
Rev. Peter Caspian, Vicar and Chaplain
Holy Eucharist; Sunday, 5 p.m. (at house); Thursday Noon
(at Darnell Hall)
Home open for meditation and study
First Presbyterian Church, 2415 West 23rd - 841-4171
Thursday. 9 p.m.
INTER-VARSITY CHRISTIAN
FELLOWSHIP
JEWISH STUDENT ORGANIZATION (HILLEL)
Karen Mueller—843-6556
Clark Mueller—843-8153
Larry Tydall—749-2017
Steve Garber, Staff—842-8910
Large Group, Friday, 7:30 p.m. in Kansas Union
Study-Witness small groups at different times weekly.
Office: B-117, Kansas Union - 864-3948
Ellen Kort, Director - 841-5159
Roy Goldberg, Student President - 843-2599
Friday Sabbath Service: 7:30 p.m. at Jewish Community Center, 917 Highland Dr.
Hillfield House, 940 Mississippi - 749-5147
LATTER DAY SAINTS STUDENT ASSOCIATION INSTITUTE
Bishop Dennis Karpowitz, LDS Institute Advisor .. 841
2610
Sunday: Priesthood, 10 a.m.; Sunday School, 11 a.m.
Sacrament Service, 11:50 a.m. at 3650 Yale Road
Weekly Institute Course—Tuesday, 7 p.m. 3644-1421
UNIVERSITY LUTHERAN CHURCH
Good Sheep Lutheran, 2312 Harvard Rd., 8:00 a.m.
10:30 a.m.
15th and Iowa----843-6662
Mack Hoeller, IC/MS Campus Pastor - 842-4469
Don Connad, AELC-ALIC-CCA Campus - 842-4425
Sunday, Worship, 10:30, Bible Class, 9:15 a.m.
One day for meditation and studying
Worship also.
Immanuel Lutheran, 17th and Vermont, 10.13 a.m.
Rosemary Hammond, 8:45 a.m., Trinity
Lutheran, 1245 New Hampshire
927 Ohio----841-0318
Steve Strom
Sundays, 10:00 a.m.
MARANATHA CHRISTIAN MINISTRY
LAWRENCE MENNONITE FELLOWSHIP
Worship Sunday, 10:30 a.m. at the Ecumenical Christian Ministries Building, 1204 Oread Court, Boston, MA 02116.
NAVIGATORS
1731 West 27th Terrace
Dave Haynew, Staff Worker-841-1661
Mike Jordahl-842-8517
NAZARENE CAMPUS MINISTRIES
1942 Massachusetts or 1020 Kasold
Rev. Lyle W. Curtis, Minister—843-3940
Lyn Whitfers, Minister—843-7345
Mark Stevens, President—841-2113
Sunday, Bible Study, 9:45 a.m., worship, 10:45 a.m., p.m.
Wednesday Fellowship and Bible Study, 7 p.m.
NEW LIFE CHRISTIAN FELLOWSHIP
Jay Smith, president 841-8064
1601 W. 19th
Fridays, 8:00 p.m., Satellite Union
THE SALT BLOCK (UNITED PENTECOSTAL CHURCH)
12th and Connecticut—842-3350
L.J. Lewis, Minister
Tuesday: Bible Study, 7:30 p.m. in Kansas Union, Parlor A