Greenwich Residents Make Forbes Billionaires List
We've always known Greenwich is a hub for the wealthy...here's why.
At least six Greenwich residents whose names are synonymous with philanthropy in town are included on the annual Forbes magazine billionaires list.
Named at number 69 was Ray Dalio, the founder and co-chief investment officer of the Stamford-based Bridgewater Associates. Forbes described Dalio as "the king of the rich hedge fund industry, (who) lords over the world's biggest hedge fund firm" with $150 billion in assets. Dalio moved up on the list — last year he was number 76.
Dalio is the man who underwrites the ever-popular Greenwich Town Party — the annual Memorial Day weekend musical celebration.
Steven Cohen, the embattled founder of SAC Capital Advisors, made the list at number 106 with $11 billion in assets. SAC pleaded guilty to criminal insider trading charges last year and agreed to pay $1.8 billion in fines and penalties to the federal government. But according to Forbes, Cohen's assets may be somewhat inflated because those fines haven't been paid yet. Last year Cohen was ranked 117th on the billionaires list.
Cohen and his wife are benefactors to several organizations, including the YWCA, and have loaned works from his extensive art collection for exhibits at The Bruce Museum.
Interactive Brokers founder Thomas Peterffy is listed at number 147 with $8.8 billion in assets. Peterffy founded Interactive Brokers in 1993, an electronic brokerage firm that executes 500,000 revenue trades a day, according to Forbes. Last year he was ranked at 248 on the list.
An avid horseman, Peterffy is a supporter of Greenwich Riding Trails, and the Greenwich Historical Society.
Belle Haven resident Paul Tudor Jones, whose address is synonymous with the annual musically choreographed holiday light display every December, is listed at number 345 on the list, up from 376 in 2013. Jones, worth an estimated $4.3 billion, is the man behind BVI Global fund of Tudor Investment Group, which he founded in 1980. That stately building on King Street at the intersection of Rye Lake Avenue that brings travelers to Westchester County Airport, is the home of Tudor Investment.
Eddie Lampert, the CEO of Sears and founder of ESL Investments, is apparently a former Greenwich resident, now with digs in Miami Beach, FL, and is number 551 on the billionaires list with $3 billion in assets. Last year he was ranked at 437.
Vince McMahon, whose World Wrestling Federation (WWF) has programs broadcast in nearly 150 countries and more than 30 languages, is listed at 1,372 on the list with $1.2 billion. He's the husband of Linda McMahon, who unsuccessfully ran for U.S. Senate in Connecticut, twice.
Bill Macaulay, who co-founded private equity firm First Reserve that was founded 30 years ago, has a net worth of $1.2 billion that ranks him at 1,372 versus 1,268 last year.
If we missed someone, let us know in the comments section, and we'll be sure to add them to the list.