Sir Allen Stanford

Stanford Financial Group Chairman and CEO Sir Allen Stanford has been selected for this year’s The Forbes 400, an elite listing of America’s 400 wealthiest individuals. With a net worth of at least $2.0 billion, Sir Allen is ranked #239.

Of Sir Allen, Forbes reports: Number 239: R. Allen Stanford
Net Worth: $2.0 billion
Source: Finance, Inherited and Growing
Age: 57
Hometown: St. Croix, VI, United States
Marital Status: Separated, 6 Children
Education: Baylor University

“Distant relative of Stanford University’s founder grew up in Texas. Made first fortune early 1980s building houses in Houston. Expanded insurance and real estate firm grandfather started in the Depression into global financial services provider. Today manages $43 billion. Investing $100 million in Caribbean cricket league. Knighted by the Government of Antigua and Barbuda last November.”The 2007 list is the 25th anniversary edition of The Forbes 400, and this year, for the first time, everyone in The Forbes 400 has at least $1 billion. According to the magazine, “the price of admission to The Forbes 400 this year is $1.3 billion, up $300 million from last year.”According to Forbes, the magazine’s net-worth estimates are deliberately conservative and should be considered “at least” figures. In the laborious process, everything is valued; including stakes in publicly traded and privately held companies, real estate holdings and investments in art, yachts and mansions. Forbes’ estimates are a snapshot of wealth as of August 31, 2007.A complete listing of The Forbes 400 can be found at www.forbes.com