Six Bay Staters Make The Cut For Forbes' 400 Richest Americans
BOSTON (CBS) – Forbes magazine is out with its annual list of the 400 richest Americans and to no surprise the story remains the same: the rich keep getting richer, including some Bay Staters.
Six Massachusetts residents are responsible for $32.6 billion of the $2.29 trillion in the aggregate net worth of the well-heeled folks on Forbes' list. That's a $270 billion increase over the 400 richest in 2013.
Tops on the list of Bay Staters, as well as the youngest representative of the commonwealth, is Abigail Johnson, ranked No. 36 overall with $13.3 billion. The Fidelity Investments president handily beats her father, Edward "Ned," Johnson, Fidelity's CEO and chairman, who is 85th on the list with $7.3 billion.
Patriots owner Robert Kraft scores bragging rights over even Tom Brady. Kraft ranks at 122 with his $4 billion in net worth.
New Balance founder Jim Davis and his family are in the running at No. 167 with $3.3 billion thanks to all those sneakers.
Continental Cablevision founder Amos Hostetter Jr. is worth $3.1 billion, earning him spot No. 183 on the list. Rounding out the deep-pocketed half-dozen from Massachusetts is Philip Ragon, who ranks at 383 with the $1.6 billion in net worth he's built from his Cambridge-based health information technology company, InterSystems.
Sitting atop the overall list for the 21st year in a row is Microsoft's Bill Gates with the tidy sum of $81 billion in net worth. Runner-up honors go to Berkshire Hathaway CEO Warren Buffett with $67 billion.
And while none of them crack the top five spots, four members of Wal-Mart's Walton family made the top 10 individually by saving money and living better with a combined net worth of $143.7 billion.
Disappointed not to find yourself on the list? Well, that could be because the bar has been raised to $1.55 billion to make the Forbes 400, leaving 113 U.S. billionaires out of the exclusive club.
Better luck next year.
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