Richest People in America Received Over $11 Million in Government Subsidies

By John Vibes | December 17, 2013 | http://intellihub.com/2013/12/17/richest-people-in-america-recieved-over-11-million-in-government-subsidies/

50 billionaires received over $11 million in government subsidies, including David Rockefeller, the Walton Family, Charles Schwab and others.

Photo: Pro Publica

WASHINGTON (INTELLIHUB) — Last month it was revealed that a number of billionaires received government welfare in the form of farm subsidies.  David Rockefeller was among the dozens of billionaires working the system for government subsidies, taking over $11 million of tax money.
The report, released by the Environmental Working Group revealed that the federal government paid $11.3 million in taxpayer-funded farm subsidies from 1995 to 2012 to 50 billionaires or businesses in which they have some form of ownership.
The billionaires who got the subsidies have a collective net worth of $316 billion, according to Forbes magazine.
According to the report, David Rockefeller received $563,715 in corn, soybean, wheat, oat, sorghum and other farm subsidies from 1996 to 2006.
The full list can be viewed below:

Name	Source of Farm Subsidies
Paul Allen Net worth: $15.8 billion #26 on Forbes 400	Kona Residence Trust, which received $14,429 in barley subsidies from 1996 to 2006.
Philip Anschutz Net worth: $10.3 billion #38 on Forbes 400	Clm Company, which received $553,323 in cotton, wheat, sorghum, corn, oat, barley and other farm subsidies from 1995 to 2003. Equus Farms, which received $53,191 in livestock subsidies in 2002.
John Arrillaga Net worth: $1.8 billion #314 on Forbes 400	Peery & Arrillaga, which received $59,711 in wheat, sorghum, corn, barley, safflower and other farm subsidies from 1995 to 2006.
Lee Bass Net worth: $2.1 billion #260 on Forbes 400	Panther City Cattle Company, which received $823,129 in cotton, wheat, corn and sorghum subsidies from 2000 to 2007. El Coyote Ranch, which received $297,950 in wheat, sorghum, corn, soybean, oat and barley subsidies from 1995 to 2002.
Riley Bechtel Net worth: $3.4 billion #143 on Forbes 400	Fremont Investors, which received $484,283 in rice and other farm subsidies from 1995 to 2003.
Stephen Bechtel, Jr. Net worth: $3.4 billion #143 on Forbes 400	Fremont Investors, which received $484,283 in rice and other farm subsidies from 1995 to 2003. Wild Goose Club, which received $947 in farm subsidies from 2006 to 2010.
Eli Broad Net worth: $6.9 billion #59 on Forbes 400	Placer Ranch Partners LP, which received $56,880 in wheat and rice subsidies from 1995 to 2005.
S. Truett Cathy Net worth: $6 billion #68 on Forbes 400	Rock Ranch LLC, which received $4,536 in livestock subsidies in 2003.
Gayle Cook Net worth: $5.2 billion #85 on Forbes 400	Cedar Farm Harrison County Inc., which received $41,141 in soybean, corn and tobacco subsidies from 1998 to 2003.
Richard DeVos Net worth: $6.8 billion #60 on Forbes 400	Ada Holdings LLC, which received $37,986 in corn, wheat and soybean subsidies from 2001 to 2006.
Charles Ergen Net worth: $12.5 billion #32 on Forbes 400	Telluray Ranch, which received $117,826 in crop and livestock disaster payments from 2002 to 2008.
Gerald J. Ford Net worth: $1.9 billion #296 on Forbes 400	Rio Hondo Land & Cattle Co. Inc., which received $222,433 in wool subsidies from 1995 to 2003.
Harold Hamm Net worth: $12.4 billion #33 on Forbes 400	$26,785 in wheat subsidies and disaster payments from 1995 to 2002. Continental Resources of Illinois, which received $318 in disaster payments, corn and soybean subsidies from 2003 to 2004.
Diane Hendricks Net worth: $4.4 billion #103 on Forbes 400	H&H Farms of Wisconsin Inc., which received $379,933 in corn, soybean, wheat, oat and other farm subsidies from 1998 to 2001.
Ray Lee Hunt Net worth: $5.6 billion #74 on Forbes 400	Sharyland Limited Partnership, which received $110,270 in cotton, sorghum, sunflower and corn subsidies from 1998 to 2000. Hunt Oil Co., which received $49,381 in livestock subsidies in 2002.
Paul Tudor Jones, II. Net worth: $3.7 billion #130 on Forbes 400	Buck Ridge Farms LLC, which received $8,260 in crop disaster payments, cotton, soybean, sorghum and corn subsidies from 1998 to 2003. Tudor Farms Inc., which received $1 in sorghum subsidies in 1996.
George Kaiser Net worth: $10 billion #40 on Forbes 400	Kaiser-Francis Oil Company, which received $17,518 in wheat, sorghum and barley subsidies from 1996 to 2003.
Jim Kennedy Net worth: $6.7 billion #61 on Forbes 400	$37,162 in rice, corn, sorghum, wheat, soybean, sunflower and other farm subsidies from 1996 to 2004. York Woods At Yonkapin Cutoff LLC, which received $19,545 in rice, sorghum and soybean subsidies from 2002 to 2003.
Henry Kravis Net worth: $4.7 billion #95 on Forbes 400	M&T Chico Ranch, which received $511,633 in wheat, rice, corn, sorghum, sunflower, safflower, barley and other farm subsidies from 1995 to 2005. M&T Staten Ranch, which received $502,363 in corn and wheat subsidies from 1996 to 2002.
Ann Walton Kroenke Net worth: $4.7 billion #95 on Forbes 400	JL Walton Trust, which received $13,273 in corn, wheat, sorghum, soybean and oat subsidies from 1996 to 2002. St. Roberts Centers & Farms, which received $6,642 in corn, wheat, sorghum and soybean subsidies from 1996 to 2002. $378 in corn and sorghum subsidies in 1995.
Leonard Lauder Net worth: $7.6 billion #56 on Forbes 400	Horizon Organic Dairy Idaho Farm, which received $360,102 in wheat, diary, barley, corn and other farm subsidies from 1997 to 2004. Horizon Organic Dairy Maryland Farm, which received $202,088 in dairy, corn, soybean, wheat and other farm subsidies from 1998 to 2005.
Nancy Walton Laurie Net worth: $4 billion #110 on Forbes 400	JL Walton Trust, which received $13,273 in corn, wheat, sorghum, soybean and oat subsidies from 1996 to 2002. St. Roberts Centers & Farms, which received $6,642 in corn, wheat, sorghum and soybean subsidies from 1996 to 2002.
Marianne Liebmann Net worth: $2.6 billion #209 on Forbes 400	Morse Land Co. Ltd., which received $4,282 in livestock, barley, oat, wheat and other farm subsidies from 2000 to 2005.
Whitney MacMillan Net worth: $3.8 billion #122 on Forbes 400	$25,226 in wheat and barley subsidies from 1996 to 1999. Wild Eagle Mountain Ranch LLC, which received $10,417 in wheat and barley subsidies from 2001 to 2003.
Neal Patterson Net worth: $1.5 billion #352 on Forbes 400	$51,911 in wheat and sorghum subsidies from 1995 to 2001. Southpoint Farms LLC, which received $66,770 in disaster payments, wheat, sorghum and other farm subsidies from 2002 to 2012.
Richard Peery Net worth: $2.1 billion #260 on Forbes 400	Peery & Arrillaga, which received $59,711 in wheat, sorghum, corn, barley, safflower and other farm subsidies from 1995 to 2006.
Anthony Pritzker Net worth: $3 billion #166 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Daniel Pritzker Net worth: $1.95 billion #293 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Jay Robert Pritzker Net worth: $3 billion #166 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Jean (Gigi) Pritzker Net worth: $2.1 billion #260 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Jennifer Pritzker Net worth: $1.7 billion #327 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
John Pritzker Net worth: $2 billion #273 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Karen Pritzker Net worth: $3.3 billion #151 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Linda Pritzker Net worth: $1.8 billion #314 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Nicholas Pritzker, II. Net worth: $1.35 billion #382 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Penny Pritzker Net worth: $2.2 billion #252 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Thomas Pritzker Net worth: $2.7 billion #201 on Forbes 400	Chicago Mill & Lumber Co., which received $1,604,288 in cotton, soybean, corn, sorghum, wheat, rice, oat and other farm subsidies from 1996 to 2006.
Stewart & Lynda Resnick Net worth: $3.5 billion #134 on Forbes 400	Paramount Land Co. LP, which received $576,603 in wheat, cotton, corn, sorghum and other farm subsidies from 1995 to 2002.
David Rockefeller, Sr. Net worth: $2.8 billion #193 on Forbes 400	$563,715 in corn, soybean, wheat, oat, sorghum and other farm subsidies from 1996 to 2006.
Robert Rowling Net worth: $4.9 billion #93 on Forbes 400	Rowling Ranch Corp., which received $157,427 in corn, sorghum and livestock subsidies from 2000 to 2008.
Fayez Sarofim Net worth: $2 billion #273 on Forbes 400	Holly Sugar Corp., which received $51,246 in wheat, corn, barley, sugar beet, oat and other farm subsidies from 1995 to 2003. FS Ranch Corporation, which received $67,125 in livestock subsidies in 2002.
Charles Schwab Net worth: $5.1 billion #88 on Forbes 400	$525,593 in rice and other farm subsidies from 1995 to 2003.
Walter Scott, Jr. Net worth: $2.2 billion #252 on Forbes 400	$62,031 in livestock subsidies in 2002. Double Eight Land Corp., which received $41,101 in livestock subsidies in 2002.
Harold Simmons Net worth: $10 billion #40 on Forbes 400	Dixie Rice Agriculture Corp., which received $677,300 in rice, sorghum and other farm subsidies from 1995 to 2003. Southwest Louisiana Land Co Inc., which received $272,511 in disaster payments, rice, soybean and other farm subsidies from 1995 to 2003. Contran Realty Corp., which received $17,754 in rice and other farm subsidies from 1996 to 2003. Contran Corp., which received $2,960 in wheat subsidies from 1998 to 2000.
Warren Stephens Net worth: $2.5 billion #222 on Forbes 400	Stephens Group Incorporated, which received $146,260 in peanut, wheat, corn, oat, sorghum and other farm subsidies from 1996 to 2003. Greenbriar Lodge LLC, which received $86,642 in rice, soybean and wheat subsidies from 2002 to 2008.
Glen Taylor Net worth: $1.7 billion #327 on Forbes 400	Glen A. Taylor Revocable Trust, which received $832,970 in corn, soybean, wheat, oat and other farm subsidies from 1995 to 2007.
Alice Walton Net worth: $33.5 billion #8 on Forbes 400	Robson Ranch Inc., which received $261,292 in crop disaster payments, wheat, soybean, corn and other farm subsidies from 1995 to 2008.
Jim Walton Net worth: $33.8 billion #7 on Forbes 400	Robson Ranch Inc., which received $261,292 in crop disaster payments, wheat, soybean, corn and other farm subsidies from 1995 to 2008.
S. Robson Walton Net worth: $33.3 billion #9 on Forbes 400	Robson Ranch Inc., which received $261,292 in crop disaster payments, wheat, soybean, corn and other farm subsidies from 1995 to 2008.
Leslie Wexner Net worth: $5.7 billion #73 on Forbes 400	LAW Plantation Co. LLC, which received $209,717 in wheat, corn, sorghum and oat subsidies from 1997 to 2003. The New Albany Co., which received $13 in farm subsidies in 1996.

Sources:
[1] Billionaires Received U.S. Farm Subsidies, Report Finds – NY Times
[2] 50 Billionaires receive farm subsidies – Forbes
[3] David Rockefeller, Walton Family, Charles Schwab Among Billionaires Getting Welfare In Form Of “Farm Subsidies” – Opposing Views 
[4] Forbes Fat Cats Collect Taxpayer-Funded Farm Subsidies: Forbes 400 Subsidy Recipients (1995 – 2012) – EWG