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**Cropped version of ID 30756813** Bill Gates smiles during a press conference June 26, 2006 in a New York photo. For the first time, Forbes magazine's list of the 400 richest Americans consists exclusively of people worth $1 billion or more. As a group, the people who made the rankings released Thursday are worth a record $1.25 trillion, compared to $1.13 trillion last year. Gates is No. 1. (KEYSTONE/AP Photo/Seth Wenig)