March 7, 2018

Forbes IDs 17 CT billionaires

Ray Dalio

The Forbes 2018 billionaires ranking is out — and 17 Connecticut residents made the list.

On top is Greenwich resident Ray Dalio, who is the founder of the world's biggest hedge fund, Bridgewater Associates.

Forbes tagged his estimated net worth at $17.7 billion, which is the 70th highest on the magazine's worldwide list of 2,208 billionaires.

Dalio's Westport hedge fund, Bridgewater Associates, received a $22 million aid package from the state of Connecticut in 2016 in exchange for a promise to add hundreds of jobs in the state.

Amazon's Jeff Bezos holds the top spot, with a net worth of $112 billion. Bezos surpassed last year's top billionaire, Microsoft founder Bill Gates, who is worth an estimated $90 billion.

Other Connecticut residents on Forbes' 2018 list include:

  • Steve Cohen, founder of Stamford's Point72 Asset Management, $14 billion (#108 worldwide)

  • Karen Pritzker, whose family founded the Hyatt hotel chain, $5.1 billion (#414 worldwide)

  • Paul Tudor Jones, II, founder of Greenwich-based Tudor Investment Corp., $4.5 billion(#496 worldwide)

  • Andreas Halvorsen, CEO of Greenwich-based Viking Global Investors, $3.7 billion (#351 worldwide)

  • Clifford Asness, co-founder of AQR Capital Management in Greenwich, $3 billion (#831 worldwide)

Click here to see the rest of Connecticut's billionaire class.

All together, the billionaires on Forbes' entire 2018 list are worth $9.1 trillion. The Bezos bump also pushed Warren Buffett down to No. 3. Buffett is worth an estimated $84 billion.

President Donald Trump dropped more than 200 spots since last year to No. 766 on the list, where he's tied with more than 20 others. The magazine estimates his net worth at $3.1 billion, down from $3.5 billion last year.

Forbes said that Trump's fortune fell in part due to declining Manhattan real estate values, as well as lower revenues at several Trump golf properties.

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