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March 5, 2019

Forbes lists 17 CT billionaires

Photo | CNN Ray Dalio is Connecticut's top billionaire, according to Forbes.

Seventeen Connecticut billionaires occupy Forbes’ 33rd annual billionaires list for 2019, the magazine announced Tuesday.

The state’s top billionaire is still Greenwich resident Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, which manages $160 billion in assets. Forbes said his net worth jump to $18.5 billion, compared to $17.7 billion in March 2018, which is the 53rd highest on the magazine’s worldwide list of billionaires.

Bridgewater Associates has received tens of millions of dollars in state aid to develop a new headquarters in Fairfield County, which became one of the most controversial economic-development moves under Gov. Dannel P. Malloy’s administration.

Overall, Forbes names 2,153 individuals earning 10 figures.

Second on Connecticut’s list is Steve Cohen, founder of Stamford-based companies Point72 Asset Management and S.A.C. Capital Advisors. The Greenwich native ranks 101st globally with a net worth of $12.9 billion.

Connecticut has had 17 billionaires in each of the last three years. Thirteen of of them live in Greenwich while the others reside in Branford, Darien, Old Lyme and Danbury.

Other Connecticut residents on Forbes’ 2019 billionaires list include:

  • Karen Pritzker (Branford), whose grandfather founded the Hyatt Hotels chain, $4.8 billion (No. 379).
  • Andreas Halvorsen (Darien), an investor and hedge fund manager, $3.7 billion (No. 568).
  • Vince McMahon (Greenwich), the CEO and chairman of WWE, $3.2 billion (No. 691). He is married to U.S. Small Business Administration chief Linda McMahon.
  • Cliff Asness (Greenwich), hedge fund manager and co-founder of AQR Capital Management, $3.1 billion (No. 715).
  • Stephen Mandel (Greenwich), investor and hedge fund manager, $2.4 billion (No. 962).
  • Christian Haub (Greenwich), CEO of German-based retail giant Tengelmann Group, $2.3 billion (No. 1008).

Amazon CEO Jeff Bezos continues to top the list of billionaires with a net worth of $131 billion, followed by Microsoft founder Bill Gates ($96.5 billion) and Berkshire Hathaway CEO and global investor Warren Buffett ($82.5 billion). President Donald J. Trump’s net worth remains unchanged at $3.1 billion.

Forbes reported a dip in the number of billionaires and their total wealth. In total, there are 55 fewer billionaires compared to a year ago and they are worth a combined $8.7 trillion, down about $400 billion vs. 2018.

View the 2019 Forbes billionaire list here

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