Forbes journal launched its annual checklist of the 400 richest individuals in the US this week, and this 12 months seven of them dwell in Massachusetts.
All seven Bay Staters who made the checklist elevated their wealth up to now 12 months. In response to Forbes, the nation’s super-rich misplaced a collective $500 billion in 2022.
Total, it appears 2023 has been a windfall 12 months for America’s wealthiest. Collectively, Forbes reported, they’re price $4.5 trillion, tying a file set in 2021. The journal credited “rebounding expertise shares” for his or her monetary success.
Forbes says in figuring out internet price, it considers all sorts of property, together with stakes in private and non-private corporations, actual property, excessive worth possessions, and extra.
1. Abigail Johnson, age 61, $25.5 billion
Abigail Johnson, the CEO of Boston’s Constancy Investments, was topped the richest individual in Massachusetts on this 12 months’s Forbes checklist. She is the twenty ninth richest individual within the U.S., in accordance with the journal.
Johnson owns an estimated 28.5% of the agency and is the granddaughter of Edward Johnson, II, who based Constancy in 1946, Forbes reported.
The CEO has “embraced cryptocurrencies,” in accordance with Forbes. She acquired her begin working at Constancy when dwelling from faculty throughout summers, and joined as a full-time analyst in 1988.
The CEO lives in Milton and is married with two youngsters, in accordance with Forbes. She has a grasp’s diploma in enterprise administration from Harvard Enterprise College.
2. Robert Kraft, age 82, $11.1 billion
Robert Kraft is the CEO of Kraft Group and the proprietor of the New England Patriots since 1994. In response to Forbes, he’s the 62nd wealthiest individual within the U.S.
Kraft has a grasp’s in enterprise administration from Harvard Enterprise College and a bachelor’s diploma from Columbia College, Forbes reported. Along with the Patriots, he additionally owns the New England Revolution skilled soccer crew.
The CEO lives in Brookline and has 4 youngsters.
3. Edward Johnson, IV, age 58, $10.6 billion
One other grandchild of Constancy Investments founder Edward Johnson II, Edward Johnson, IV is present Constancy CEO Abigail Johnson’s brother. In response to Forbes, he’s the sixty fourth richest individual within the U.S.
Johnson is the president of Pembroke Actual Property, which is owned by FMR, Constancy’s mum or dad firm. He lives in Boston and has a bachelor’s diploma from Northeastern College, Forbes reported.
4. Elizabeth Johnson, age 60, $8.7 billion
One other member of the Johnson household, Elizabeth Johnson, can also be a grandchild of Edward Johnson, II and is Abigail Johnson’s sister. She is the 99th wealthiest individual within the U.S., in accordance with Forbes.
In 2013, Johnson based a Florida-based present horse secure referred to as Louisburg Farm. She lives in Boston and has a bachelor’s diploma from New Hampshire’s Franklin Pierce College, Forbes reported.
5. Robert Hale Jr., age 57, $5.4 billion
Robert Hale Jr., CEO of Granite Telecommunications, based the corporate in 2002, in accordance with Forbes. He’s the 203rd richest individual within the U.S.
Hale based Granite lower than six months after his earlier firm, Community Plus, filed for chapter, Forbes reported. Granite boasted over $1.8 billion in gross sales in 2022, and claims that greater than two thirds of the 100 largest corporations within the U.S. are shoppers.
The CEO has donated greater than $270 million to most cancers researchers, academic establishments, and different charitable causes, in accordance with Forbes. He’s married, lives in Boston, and has a bachelor’s diploma from Connecticut Faculty.
6. Jim Davis & household, age 80, $5.1 billion
Jim Davis, chairman of New Stability, purchased the Boston shoe firm in 1972 and turned it right into a powerhouse, with yearly gross sales within the billions, Forbes reported. He and his household took the 215th slot within the journal’s checklist of the wealthiest individuals within the U.S.
Davis’s spouse Anna joined the corporate in 1977 and is now the vice chairman. New Stability remains to be a privately held firm, and the Davis household owns 95%, in accordance with Forbes.
Davis has two youngsters, lives in Newton, and has a bachelor’s diploma from Vermont’s Middlebury Faculty.
7. Amos Hostetter Jr., age 86, $3.5 billion
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Amos Hostetter Jr. made his fortune as a pioneer in cable tv within the Nineteen Nineties, in accordance with Forbes. He’s the 326th richest individual within the U.S.
Within the Sixties when Hostetter acquired his begin, he had little moreover a grasp’s diploma in enterprise administration from Harvard College, Forbes reported. He invested in a cable TV firm that ultimately grew to become Continental Cablevision, and in 1996, he bought it for $11 billion.
Hostetter at present leads Pilot Home Ventures, an early-stage funding agency, in accordance with Forbes. He has a bachelor’s diploma from Amherst Faculty and a grasp’s in enterprise administration from Harvard College.
He lives in Boston and is married with three youngsters.
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