Seven Greenwich Billionaires Make the 2014 Forbes 400 List

The annual Forbes 400 list is out and there aren’t too many surprises — Microsoft co-founder Bill Gates, Berkshire Hathaway’s Warren Buffett and Oracle’s Larry Ellison are at the top of the country’s billionaire heap.

According to Forbes, which has been compiling the list since 1982, the stock market is the reason why the rich “just keep getting richer.” Forbes reports that in order to make the magazine’s Top 400 list, one’s net worth had to be $1.55 billion, up from $1.3 million in 2013. Given the level of the bottom rung of the list, Forbes reports that 113 billionaires “didn’t make the cut.” The aggregate wealth of the Top 400 list stands at a commanding $2.3 trillion.

In Connecticut, nine billionaires did make the cut — including seven from Greenwich.

Here are the Greenwich billionaires:

Ray Dalio, founder of the hedge fund Bridgewater Associates in Westport, is number 31 on the list. Net worth: $15.2 billion.

Steven Cohen, the beleaguered founder of SAC Capital in Stamford, is 44. Net worth: $10.3 billion.

Thomas Petterfy, founder and head of Interactive Brokers, is number 49. Net worth: $9.2 billion.

Paul Tudor Jones, of Tudor Investment Corp. in Greenwich, is number 116. Net worth: $4.3 billion.

Steven Mandel Jr., founder of Lone Pine Capital LLC in Greenwich, is number 312. Net worth: $2.1 billion.

C. Dean Metropoulos, founder of the investment firm that bears his name, is number 319. Net worth: $2.1 billion.

Mario Gabelli, founder, chairman, and CEO of Gabelli Asset Management Company in Rye, NY, is number 383. Net worth: $1.64 billion.

Rounding out the Connecticut billionaires list are Karen Pritzker of Branford (number 121) with a net worth of $4.1 billion from hotels and investments; and Peter Buck of Danbury, co-founder of the Subway restaurant chain, is number 238 with a net worth of $2.6 billion.

The full Forbes story, can be found here.

Photo: Billionaire Ray Dalio of Greenwich who is the 31st wealthiest person in the U.S.

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