Business & Tech

Connecticut's Billionaire's Club Stands At 17 Members In 2017

Forbes' 2017 list features a record-number of billionaires, including growth in Connecticut's number of 10-figure earners.

Connecticut's group of billionaires grew by three members in Forbes' annual list of billionaires, which was released Monday.

Seventeen Connecticut residents are included in the 2017 list of billionaires, which features a record 2,043 billionaires.

"It was a record year for the richest people on earth, as the number of billionaires jumped 13 percent to 2,043 from 1,810 last year, the first time ever that Forbes has pinned down more than 2,000 ten-figure-fortunes," according to Forbes. "Their total net worth rose by 18% to $7.67 trillion, also a record. The change in the number of billionaires — up 233 since the 2016 list — was the biggest in the 31 years that Forbes has been tracking billionaires globally."

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Connecticut's billionaires club grew from 14 members in 2016 to 17 members in 2017. Here's the breakdown, according to Forbes.

  1. Ray Dalio, 67, of Greenwich, is the founder of the world's biggest hedge fund firm Bridgewater Associates in Westport. Dalio is No. 54 on the list and worth $16.8 billion.
  2. Steve Cohen, 61, who appears to have risen from the ashes of the insider trading scandal that forced the shuttering of his SAC Capital, is No. 92. He lives in Greenwich, and is the founder of Point72 Asset Management in Stamford. His net worth $13 billion.
  3. Paul Tudor Jones II, 62, of Greenwich, clocks in at No. 348 on the 2017 list. He is the founder of Greenwich-based Tudor Investment Corporation and is worth $4.7 billion.
  4. Karen Pritzker, 59, of Branford, ranks at No. 385. Along with her husband, she has invested in public and private firms, and her father built the Hyatt hotel chain. Her net worth is $4.4 billion.
  5. Andreas Halvorsen, of Darien, is the founder of Viking Global Investors in Greenwich. He is No. 630 on the Forbes list and worth $3.1 billion.
  6. Clifford Asness, 50, of Greenwich comes in at No. 660 on the list. He and two partners founded AQR as a hedge fund in 1998. He has a net worth of $3 billion.
  7. Stephen Mandel Jr., 61, of Greenwich, founded Lone Pine Capital in 1997. His net worth is $2.5 billion, and he comes in at No. 782 on the list.
  8. Peter Buck, 85, of Danbury, came it at No. 814 on the list. Buck helped start Subway Sandwich Shops and still owns half the company. He has a net worth of $2.5 billion.
  9. Aleandra Daitch of Old Lyme owns 3 percent of America's largest private company, Cargill. She came in at No. 1,098 on the list and has a net worth of $1.9 billion.
  10. Lucy Stitzer, of Greenwich, is the chairwoman of Waycross, the investment company of the Cargill and MacMillan families. She along with her sisters inherited 3 percent of Cargill. Stitzer is worth $1.9 billion.
  11. William Berkley, 70, of Greenwich, is the founder, chairman and CEO of the WR Berkley insurance firm which he founded when he was an MBA student at Harvard. Berkley comes in at No. 1,290 on the list and is worth $1.6 billion.
  12. Mario Gabelli, 74, of Greenwich, is the founder of Gamco. He comes in at No. 1,376 and is worth $1.5 billion.
  13. Vince McMahon, 71, is the CEO of the Stamford-based World Wrestling Entertainment. McMahon is worth $1.3 billion and is No. 1,567. McMahon lives in Greenwich.
  14. Robert Citrone, 52, of Southport, founded Discovery Capital Management in Norwalk. He also is a part owner of the NFL's Pittsburgh Steelers, his favorite football team. He has a net worth of $1.1 billion and is No. 1,795.
  15. David Kabiller, 53, lives in Greenwich and comes in at No. 1,940 on the list. He is a business partner of Clifford Asness of AQR. He has a net worth of $1 billion.
  16. John Liew, 49, is a co-founder of AQR. He has a net worth of $1 billion and is tied with Kabiller at No. 1940.
  17. William Macaulay, 71, of Greenwich, co-founded the private equity firm First Reserve which has presided over transactions involving mining, solar and insurance companies.

The complete Forbes billionaires list can be found here.

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Photo credit: DodgertonSkillhause via morgue.file.com.

Former Patch editor Barbara Heins contributed to this report.

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