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Forbes: Johnny Morris’ net worth drops by nearly $2B

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Bass Pro Shops founder Johnny Morris’ net worth fell by nearly $2 billion in the past seven months, according to Forbes research.

The Springfieldian this month ranked No. 207 on the annual Forbes 400 listing of the wealthiest Americans, with an estimated net worth of $3.8 billion as of Oct. 2. That’s down roughly 33% from Morris’ $5.7 billion net worth estimate when he ranked No. 303 in March on Forbes’ annual list of the world’s billionaires.

The reason behind the drop is unclear. Forbes and Bass Pro officials could not be reached for comment by deadline.

When Forbes began ranking Morris in its lists of the top billionaires nationwide and worldwide, his net worth was an estimated $4.1 billion in 2015. The peak of $5.7 billion first was estimated for last year’s Forbes 400 that was released in October 2018. The last time his net worth was estimated at $3.8 billion was in March 2016 for the world’s billionaires list, according to his Forbes profile.

Expenses listed in Morris’ current Forbes 400 profile include an estimated $300 million to reopen Wonders of Wildlife National Museum & Aquarium in 2017, Bass Pro’s $5 billion purchase of rival Cabela’s in 2017 and $421.4 million in lifetime giving. According to the profile, Morris’ giving is valued at 10% of his net worth.

Morris was the second-wealthiest Missourian listed in the Forbes 400 this year.

Other Missouri billionaires on the list are:
• No. 100 Pauline MacMillan Keinath of Cargill Inc., $6.3 billion;
• No. 225 Rodger Riney of Scottrade Inc., $3.6 billion;
• No. 239 David Steward of World Wide Technology, $3.5 billion; and
• No. 379, Jim Kavanaugh of World Wide Technology, $2.2 billion.

The Forbes 400 this year is led by Amazon.com Inc. (Nasdaq: AMZN) founder Jeff Bezos, at $114 billion; Microsoft Corp. (Nasdaq: MSFT) principal founder Bill Gates, at $106 billion; and Berkshire Hathaway Inc. (NYSE: BRK) CEO Warren Buffett, at $80.8 billion.

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