if he were alive, he would be the richest person in the world, sam walton. f he hasn't given as much away, the two would be neck and neck. >> so you -- we showed some of the waltons up there in the top ten. i understand that combined their net worth as you mentioned, alluded to there, would top bill gates. what about our politician on the list. coming in at number ten, new york city mayor, miking bloomberg. >> he's at number ten. he loses the top spot in the city to david coch known for his tea party affiliations. >> and the man donating $100 million to newark, new jersey schools. mark zuckerberg. he jumped. >> he brought a couple of facebook co-founders on the list with him. dustin moskowicz. and dustin nknocked smart from his youngest billionaire in the world perch. >>> parents, an important recall involving babies' formula, what you need to know, what you need to do about it. >> pop star katy perry a little too risque for the babies. if it's a choice between hot and cold, sesame street prefers cold, sesame street prefers cold. [ female announcer ] you use

i's more like sam walton. i began thinking about other businesses where i've gone and shot or know something about it and how much they reflect this character and personality of the founder. microsoft is a lot like bill gates, at least what i have read about him, and apple computers is more like sve jobs. when i was a boy, i met wall disney. he bent down ask me how i was enjoying my experience and his theme park. my dad and some other dolls were there. i recognize that this was a i love taking care of little kids and entertaining them and sparking their imaginations. you go to disneyland or does the world today, is like the physical legacy of walt disney himself. it is still the imagination that he once brought to it. it reflects whatisney. there are other examples. think about burgeoned atlantic region virgin -- virgin atlantic airways, it is edgy and irreverent just like its founder. they tend t reflect the people who founded them and build them. it is also true of countries. who we are as a nation perplex t

oracle's third and behind him is america's wealthiest woman, kristie walton, the daughter-in- law of sam walton. you can find the entire list oat tbd.com. >> let's see what's coming up on abc7 news at 6:00 p.m. >> house republicans have unveiled a new strategy with what the country will do economically. and the first woman to be executed in nearly a century. we will talk about what to resell lewis is doing with her last hours. -- what teresa lewis is doing with her last hours. >> one more day. if we have made it through 64 and 365, we can make it through 66. -- and it through 65, we can make it through 66. and a new tropical storm has formed. this is the 13th named one, tropical storm matthew. it is heading over the next few days toward the coast of belize. right now, winds are 40 miles per hour. the year is the preliminary outlook. remember back in may, it look like nothing was going on for a while. now we're closing in. unfortunately, none of the main ones have been close to the u.s. or had anything major near the united states. for the next seven days, here are how things will be going. we w

. >> rose: i don't know that this is an analogy or not but sam walton at wal-mart focused on small towns. he built wal-mart by serving people in small towns. not by coming to manhattan or boston or chicago or los angeles. >> i agree with that. i think... i've seen people make a fortune by catching shrimp but i've never seen people make a fortune by catching sharks and whales. like "forrest gump" told me, shrimp this and shrimp that, you have a simple dream. >> rose: (laughs) exactly. so now that you have a very, very prosperous business, enormous wealth fame, what is it you want to do? >> i think the rest of my life is snd more time enencourage entrepreneurship. >> it's your religion? >> yes, i want to help more people go back to school. i was trained to be a schoolteacher and i've been doing business for 15 years and i think most of the things i learned from school is not correct. >> what didn't you learn that you wish you had learned? in other words, what are you teaching us that's not correct and what is correct that they're not teaching us? >> well, a lot of business schools on how t

sam walton created such a human empire with walmart that four of his heirs make the top ten.y topping either bill gates or warren buffett. you had to be a billionaire to make the list. last year the recession was so bad that even the rich suffered and you only had to make $950 million to make the list last year. this year it is back to a billion. back to you. >> only $950 she said. bret michaels is having major surgeries. >>> and is lindsay going back to jail tomorrow? let's get the scoop from today show pop culture columnist. modern family was great last night. it was on your list of shows to watch. >> thank you so much. we're going to start with brett michaels. his rep confirmed he will have heart surgery. in the course of that hemorrhage, the mini stroke that followed, they realized that he had a hole in his heart. something that probably had been there sings birth that needs to be fixed. that surgery will take place in january. he's touring right now. he has heart surgery in january. march 15th, his birthday, he'll bin a book tour busy guy. >> have to slip that heart surg

it's more like sam walton. and i began thinking about other businesses where i've gone and shopped and i know how much about it and how they reflect the sort of character and personality of their founder. so microsoft is a lot like bill gates, at least what i've read about him, and apple computer is a lot more like steve jobs. when i was a boy, i met walt disney. he bent down to ask me how i was enjoying his theme park. my dad and other people were there. i recognized this was a guy thatting loved taking care of little kids and sparking their imagine nakeses, and you go to disneyworld today, and it is like the physical legacy of walt disney him sefment it still entertains kids with the imagination he brought to it. it reflects walt disney. virgin airways is edgy and irreverent just like the founder . when i recognize it, businesses reflect their founder, and that's also true of colleges, schools, even churches, tend to reflect the people who founded them and built them. it is also true of countries. who we are

the walmart empire is so big, guys, that even after sam walton died, four of his heirs make the top tenall up, you get to $84 billion to easily beat warren buffett and bill gates. >> they're almost the new rockefellers. 30 years ago you would see all of the rockefellers on there. now, boy, you don't see that name showing up on this list. and now the waltons are the 21st century rockefellererockefeller. >> once wealth starts to spread through the generations, it's very hard for the next generation to really keep it up. there's just something about that founder that made it go and -- >> got the fire in the belly. >> exactly. >> all right, michelwith the li. >>> big upsets this election season. some wonder if the republican moderate is becoming an endangered species. >> joining us christine todd whitman, former republican governor of new jersey. she currently co-chairs the clean and safe energy coalition which promotes nuclear power for america's energy security. i do want to get to the energy issue in a minute. but look, we know that inside the party, there certainly seems to be some tens

the walmart empire is so enormous that four heirs to the original sam walton total $80 billion.e the top ten, those four. so imagine his empire was even bigger in theory than microsoft and bill gates'. the notable on the list is mayor of new york city, michael bloomberg. he made a ton of money selling what are called bloomberg machines. you go to any wall street trading firm, everybody has a machine that think of it as a souped up cable box but about stocks and bonds. they pay a monthly fee for that. he makes a ton of money off of that as well. >> a good way to make the money. we talked about facebook founder mark zuckerberg. he's on this list. where does he fall? >> $6.9 billion. he's low on the list, but big improvement compared to last year. last year he was worth only, in quotes, $2 billion. so there's been an improvement in his worth. we heard today he'll donate $100 million to the newark new jersey schools. so that's making a lot of headlines. 40 members of this list so far have made this pledge to bill gates and warren buffet they're going to donate half of their money to

waiting in the checkout line and took a look around the store and i said this door reminds me of sam walton. what i learned was this was a man passionate about low-price is on everything people might want and he was somewhat incredulous. his stores were very low prices on tons of things you could possibly want and the store is not very organized like the target store where everything is left just so. then i thought about some other enterprises i've come into contact with and how much their founders have shaped the way those enterprises are. microsoft is a lot like its founder bill gates. apple is a lot more like steve jobs. in some ways disneyland is like the physical embodiment of all disney. imaginative, creative, whimsical. virgin airlines is as edgy and irreverent as its founder richard branson. [laughter] it's not just business is saved by their founders. institutions of all kinds. schools, universities, charities, churches. it is also true of countries. countries are shaped by their founders and by those who have led them often for many centuries after they are gone. i wonder what tha

waiting in the checkout line and took a look around the store and i said this door reminds me of sam walton met him, but read about him. what i learned was this was a man passionate about low-price is on everything people might want and he was somewhat incredulous. his stores were very low prices on tons of things you could possibly want and the store is not very organized like the target store where everything is left just so. then i thought about some other enterprises i've come into contact with and how much their founders have shaped the way those enterprises are. microsoft is a lot like its founder bill gates. apple is a lot more like steve jobs. in some ways disneyland is like the physical embodiment of all disney. -- walt disney himself. imaginative, creative, whimsical. virgin airlines is as edgy and irreverent as its founder richard branson. [laughter] it's not just business is saved -- businesses saved by their founders. institutions of all kinds. schools, universities, charities, churches. it is also true of countries. countries are shaped by their founders and by those who have

if sam walton is still alive, he'd probably be the wealthiest person in the entire world. >> real quicksay are you kidding me? this is only good for them. when billionaires get rich, it's good for billionaires, they get richer. what do you mean others benefit? >> these 400 people are captains of the economy. you want them feeling good. you want them to feel comfortable and have a lot of money. they take that money and they invest it, they create new companies, they want growth and if not like bill gates and warren buffet, they want to give it away. the more bill gates and the more warren buffet are worth, that's the more money that goes to schools and education and health and all that. >> speaking of education, i want to bring up how the influence of social media in this latest ranking because the number is now facebook co-founder mark zuckenberg and he's about to give away a huge gift to a school in new jersey. >> he's worth more money than steve jobs and when steve jobs signed at apple, it was eight years before he was born. but social networks have been a huge pull. and he pulled two