Forbes List: Top 10 Richest People in Guam 2018

Guam, island and unincorporated territory of the United States in the North Pacific Ocean, the largest, most populous, and southernmost of the Mariana Islands. It lies about 5,800 miles (9,300 km) west of San Francisco and 1,600 miles (2,600 km) east of Manila.

Hagåtña (Agana) is the capital. Major settlements are Dededo, in the north-central part of the island, Machanao, in the north, and Apotgan, on the west coast.

The development of Guam into an important U.S. military base brought about profound changes in the island’s agricultural patterns after World War II. Foodstuffs were imported in increasing amounts at the expense of local cultivation, and Guam now imports most of its food.

Tourism is the most prominent component of the economy, with more than a million visitors arriving per year. There are several luxury hotels along Tumon Bay, which has been highly developed as a tourist area. An international airport links Guam with other Pacific islands, Asia, and Hawaii and the continental United States.

Poultry farming, garment-finishing plants, and oil refining are important earners. Guam is a duty-free port, and this status has attracted a number of small manufacturing companies from countries in Asia and has also prompted some immigration. Major imports—mostly from the United States and Japan—include food products, motor vehicles and parts, and shoes and other leather products. The leading exports are motor vehicles and parts, fish and other food products, scrap metal, and tobacco products. Finland, Japan, and the Federated States of Micronesia are the main export destinations.

10. James Virata Espaldon

James Virata Espaldon (born June 21, 1956), also known as Jim Espaldon, is an American politician and lawyer. A member of the Republican Party, Espaldon is a former candidate for Lieutenant Governor of Guam in the 2010 gubernatorial election as the running mate of Michael Cruz.

Guam

He is now seeking re-election in the 2014 Guam election, but he won the election from his 4th place with more votes, then he return to his office since 2015. On May 31, 2018, Espaldon announced that he would not seek reelection in 2018.