March 20, 2017

17 in CT make Forbes' top billionaires list

Seventeen Connecticut billionaires populate Forbes' 31st Annual World Billionaires List, which includes 2,043 individuals earning in the 10 figures, the magazine has announced.

In Connecticut, Ray Dalio, the founder, chairman and chief investment officer of Westport hedge fund Bridgewater Associates, is worth the most, with a net worth of $16.8 billion. Ranked 54th on the global list, he is ranked first in Connecticut and lives in Greenwich.

Second on Connecticut's list is Steven Cohen, founder of Point72 Asset Management and S.A.C. Capital Advisors, both based in Stamford. A Greenwich resident, he is ranked 92nd globally with a net worth of $13 billion.

Coming in at 17th on the Connecticut list and 1,940th on the global list is William Macaulay of Greenwich, with a net worth of $1 billion. He is CEO and chairman of First Reserve Corp., a private equity fund specializing in energy.

All told, 12 of the 17 Connecticut billionaires live in Greenwich. Others reside in Branford, Darien, Danbury, Old Lyme and Southport.

Globally, Bill Gates remains in the top spot for the fourth year in a row and has been the richest person in the world for 18 out of the past 23 years. He has a fortune of $86 billion, up from $75 billion last year.

Warren Buffett, worth $75.6 billion, up from $60.8 billion in 2016, reclaimed the No. 2 slot, after a two-year hiatus. Jeff Bezos (No. 3) saw his fortune increase by $27.6 billion for a total net worth of $72.8 billion. This is Bezos' first time in the top three.

For the full list, visit Forbes.

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