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US$2.1 Billion Payout For 'Fiscal Cliff' Winners

Wealth-X Unveils List Of Top 10 'Fiscal Cliff' Special Dividend Recipients

NEW YORK, Dec. 21, 2012 /PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Luxury Brands, Educational Institutions and Non-Profits, announced the top 10 recipients of special dividends as the U.S. inches closer to the edge of the 'fiscal cliff'.  

American companies have been proactively declaring special dividends before the potential tax hike which could see tax rates rise to 43.4%, a result of the 3.8% ObamaCare tax and the maximum capital gain tax of 39.6%.

Emerging top of the list is Sheldon Adelson, who received the largest dividend of nearly US$1.2 billion. In second place is Thomas Frist III, who received an estimated US$497 million in special dividends. Lawrence Ellison is ranked third with an estimated dividend received of US$200 million.

Rank

 

Name

 

Company

 

Total Dividend

Net Worth

(US$ million)

(US$ million)

1

Sheldon Adelson

Las Vegas Sands

1,200

23,200

2

Thomas Frist III

HCA

497

2,000

3

Lawrence Ellison

Oracle

200

41,000

4

Charles Johnson

Franklin Resources

105

5,200

5

Stephen Wynn

Wynn Resorts

75

2,500

6

Vincent Ryan

Iron Mountain

29

540

7

Russell Wight Jr.

Alexander's

27

840

8

James Sinegal

Costco

14

280

9

Cornwell Appleby

Booz Allen Hamilton

10

55

10

James Walton

Walmart

4

34,800

The list reflects the largest shareholders who represent each of the top 10 highest special dividend-paying companies. In the fourth quarter, the total dividends received by shareholders exceeded US$2.1 billion, which represents savings of US$602 million should tax rates increase.

Commenting on the list, Wealth-X CEO, Mykolas D. Rambus said, "The combined wealth of the shareholders on the list is US$110.4 billion, representing one-fifth of the combined market capitalization of the top 10 companies. On average, these UHNWIs enjoyed tax savings that are equivalent to 1.9% of their net worth."

"Wealth-X continues to track how tax law changes impact the wealth of UHNWIs," he added.

For the full list and supplemental analysis, please visit:
http://www.wealthx.com/articles/2012/top-10-fiscal-cliff-winners

About Wealth-X

Wealth-X provides detailed intelligence on ultra high net worth (UHNW) individuals globally. The firm's Wealth-X Professional solution is the standard for banking, marketing and not-for-profit professionals working with the ultra affluent. Wealth-X is headquartered in Singapore with offices in all major financial centres.

For more information about Wealth-X, please visit: www.wealthx.com  

SOURCE Wealth-X

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