(Reuters) - The richest 400 Americans are significantly richer in 2013 than they were last year and

younger Americans are accumulating wealth at a faster clip t han their baby boomer counterparts, according to two reports released Monday. The annual Forbes 400 wealthiest Americans list showed that total wealth climbed 19 percent in the last year to $2.02 trillion, up from $1.7 trillion, with an a verage net worth per individual of $5 billion, up from $ 4.2 billion in 2012. It now takes $1.3 billion in assets just to get on the list (See the full list at forbes.com). Atop the list for another year was Bill Gates, who at 57 has a net worth of $72 billion. He was followed by Warren Buffett, who despite giving away about $1 bil lion last year, was the biggest gainer, adding $12.5 billion to bring his fortun e to $58.5 billion. The average age was 66, according to Forbes senior editor Kerry Dolan. Only 32 o f those selected were 48 or younger, fitting them into Generation X or Generatio n Y, while the rest of the list were baby boomers. Many of the younger billionai res are household names who made their fortunes in the tech industry - Facebook' s Mark Zuckerberg (20), Computer maker Michael Dell (25), Yahoo's Jerry Yang (32 7), Tesla Motor's Elon Musk (61) and Google's Larry Page and Sergey Brin (13 and 14). "It takes a long time to build up a company that's worth billions of dollars - u nless you've inherited it," said Dolan. GENERATION GAP A separate survey also released on Monday shed new light on the youngest generat ion of millionaires. The Fidelity Millionaire Outlook shows that rich Gen X and Gen Yers are earning more money and amassing more assets than baby boomer millio naires. Salaries average $677,000 for those 48 and younger compared to $198,000 for those older, and total average assets are $5.7 versus $5.2 million. "I think the game has changed," said Brian Dombkowski, chief investment officer of Sand Hill Global Advisors, a Palo Alto, California firm managing $1.25 billio n in client assets. "Young entrepreneurs today made their money by building a be tter mousetrap, and they have been rewarded by the market for it. We have seen s ignificantly more wealth creation than we did in earlier generations." Fidelity surveyed 542 households with more than $1 million in investable assets May 2013, and for the first time in the six-year history of the report, there wa s enough of a demographic spread to break out information comparing generations. About 86 percent of the sample were baby boomers (born before 1965) and 14 perc ent were in Generation X and Generation Y (born after 1965). The total number of U.S. households with $1 million or more in assets, not inclu ding a primary residence, was estimated at 9 million in 2012, according to Spect rem Group, a Chicago, Illinois-based research firm that tracks affluence, up fro m 8.6 million in 2011. Younger millionaires are spending more aggressively than baby boomers in many ca tegories, according to Bob Oros, executive vice president of Fidelity Institutio nal Wealth Services. Nearly 90 percent reported taking annual foreign vacations, compared to just 56 percent of baby boomers. Two-thirds said they owned vacation homes and had count ry club memberships, versus 21 percent and 15 percent among the older cohort. An d 38 percent reported flying first class, while only 5 percent of baby boomers d id that.

Younger millionaires also give generously - an average of $54,000 in donations t o charity each year. Boomers only average $12,000. Adviser Dombkowski, who works with many clients who have made money in the tech sector, said these entrepreneurs often come to him and ask: once their families are taken care of, what can they give away? "Schools are a big part of it, but i t's varied," he said. (Follow us @ReutersMoney or here. Editing by Linda Stern and Andrew Hay)