6 Massachusetts residents make Forbes’ list of richest Americans
Six Massachusetts residents are among the richest people in America, according to Forbes magazine.
Forbes’ 35th annual list of the 400 wealthiest people in America was released Tuesday. The list ranks individuals according to their net worth.
Abigail Johnson, 54, of Milton, placed 29th on the list, ahead of the likes of Elon Musk and Rupert Murdoch. The richest person in Massachusetts and the fourth wealthiest woman in America with a $13.2 billion net worth, Johnson obtained her MBA from Harvard Business School before taking over as CEO of Fidelity Investments from her father in 2014.
Johnson’s father, 86-year-old Edward Johnson III, of Boston, remains the chairman of the company that his father founded in 1946, according to Forbes. With a $7.1 billion net worth, Johnson ranked 68th.
The owner and chairman of New Balance, Jim Davis, 73, of Newton, ranked 94th with a $5.2 billion net worth. Davis bought the company in 1972 when it only produced 30 pairs of shoes a day. Today, New Balance has estimated sales of $3.7 billion and produces millions of shoes yearly, according to Forbes.
New England Patriots Chairman and CEO, Robert Kraft.
Well known to New England Patriots fans, 75-year-old Robert Kraft, of Brookline, came in at No. 102, while ’90s cable TV “pioneer” Amos Hostetter Jr., 79, of Boston, took 214th place. Phillip Ragon, 67, founder of InterSystems, a Cambridge-based software company, was No. 374.
Bill Gates took the No. 1 spot for 23rd consecutive year. To uncover the potential candidates’ fortunes, Forbes analyzed SEC documents, court records, probate records, and Web and print stories. You can check out the full list here.
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