Armenian American billionaire Kirk Kirkoryan placed 53rd in the list of billionaires publicized by the “Forbes” magazine. His property has recently decreased by amounting 8,7 billion USD. Last year Kirkoryan was the 41st and had 8,9 billion USD. During the past year Kirkoryan sold his Hollywood Studio MGM to the Japanese Sony firm, which he had previously bought and sold several times. Instead he bought 10% of the stocks of the auto-giant General Motors. Kirkoryan has two daughters, Tracy and Linda. By combining the names he has named his company “Tracinda”. According to Forbes. the 88-year old billionaire lives in Los Angeles, full of Armenians, and keeps playing tennis every day. Head of Microsoft Bill Gates has been at the top of the list for the past 12 years.