Finance: 11 self-made American billionaires who are on the Forbes 400 list for the first time

Hundreds of billionaires call the US home.
But only those with a net worth of at least $2 billion made the 2017 Forbes 400 list, which was released on Tuesday. That's 18% higher than the $1.7 billion minimum net worth required in 2016.
Even with the higher hurdle to join the richest of the rich in America, 22 newcomers made the Forbes 400 list this year. Some of the 22 inherited their fortunes, while others are self-made entrepreneurs, such as Netflix founder and CEO Reed Hastings.
To determine the ranking, Forbes took into account stakes in public and private companies, real estate holdings, and other assets including art, jewelry, cars, and planes. All net worth estimates are current as of October 17, 2017.
Scroll through to see 11 of America's self-made billionaires who joined the Forbes 400 list for the first time in 2017, how they made their fortune, and and how much it's worth today.
Reed Hastings is the cofounder and CEO of Netflix, which has more than 100 million members in 190 countries worldwide.

Rank: 359
Source of wealth: Tech company Netflix
Age: 57
Residence: Santa Cruz, California
Read more on Forbes.

Bert "Tito" Beveridge is the founder of Tito's Vodka, one of the fastest growing spirits brands in the US.

Rank: 324
Source of wealth: Beverage company Tito's Vodka
Age: 55
Residence: Austin, Texas
Read more on Forbes.

Frank VanderSloot is the founder and CEO of health and wellness company Melaleuca. He also owns 117,500 acres of land across Idaho, Utah, and Montana.

Rank: 302
Source of wealth: Nutrition and wellness company Melaleuca
Age: 69
Residence: Idaho Falls, Idaho
Read more on Forbes.

Osman Kibar is the founder and CEO of biotech firm Samumed. He earned a Ph.D. from the University of California, San Diego, and lives in La Jolla, California (pictured).

Rank: 288
Source of wealth: Biotech company Samumed
Age: 46
Residence: La Jolla, California
Read more on Forbes.

Don Vultaggio is the cofounder of AriZona Beverages, which sells 3 billion drinks each year, including tea, juice, water and alcoholic beverages.

Rank: 264
Source of wealth: Beverage company AriZona Beverages
Age: 65
Residence: Port Washington, New York
Read more on Forbes.

Chuck Bundrant is the chairman and cofounder of Trident Seafoods, which sells seafood to chains like Costco and Long John Silver's.

Rank: 264
Source of wealth: Fishing company Trident Seafoods
Age: 75
Residence: Seattle, Washington
Read more on Forbes.

Clifford Asness cofounded AQR Capital Management, a money management firm that has $195 billion under management.

Rank: 264
Source of wealth: Hedge fund AQR Capital Management
Age: 51
Residence: Greenwich, Connecticut
Read more on Forbes.

Rodger Riney founded Scottrade in 1980 and currently serves as president and CEO of the discount brokerage firm, which has $170 billion under management.

Rank: 212
Source of wealth: Discount brokerage Scottrade
Age: 71
Residence: St. Louis, Missouri
Read more on Forbes.

Rishi Shah is the cofounder and CEO of Outcome Health, which provides tablets and touch screens in doctors' offices and is valued at $5.6 billion.

Rank: 206
Source of wealth: Healthcare media company Outcome Health
Age: 31
Residence: Chicago, Illinois
Read more on Forbes.

Ben Ashkenazy is the founder and CEO of real estate firm Ashkenazy Acquisitions, which has a $12 billion portfolio including The Shops at the Bravern (pictured) in Bellevue, Washington.

Rank: 172
Source of wealth: Real estate firm Ashkenazy Acquisitions
Age: 48
Residence: New York, New York
Read more on Forbes.

Rocco Commisso is the founder and CEO of cable company Mediacom, which he started in 1995.

Rank: 150
Source of wealth: Telecom company Mediacom
Age: 67
Residence: Saddle River, New Jersey
Read more on Forbes.

SOURCE - PULSE.NG posted by Campus94