7 Maryland Billionaires Make Forbes 400 Richest List For 2017

Forbes magazine has released its annual list of the 400 richest Americans, and seven billionaires from Maryland made the list — a decrease of one from a year ago. Bumped from the exclusive list is Kevin Plank of Lutherville, founder and CEO of sport apparel maker Under Armour. In April the company posted its first quarterly loss since 2005, driving the business' stock price down 60 percent. As a result, Forbes says Plank's net worth has slumped from $3 billion a year ago to $1.7 billion.

Forbes noted that the price of admission to the list jumped nearly 18 percent to $2 billion. There were 26 billionaires on the 2016 list who fell off, including Plank, and 22 newcomers made the list for the first time.

Bill Gates leads the pack as the richest American in 2017, followed closely by another Seattle-area billionaire, Jeff Bezos. Though the Amazon CEO came in at second place on the Forbes 400 list released Tuesday, Bezos did for a brief few hours have the distinction of being richer than Gates over the summer thanks to a surge in Amazon stock.

Also See: The 10 States With The Most Millionaires

One of the notable losers on the list was President Donald Trump, Forbes says. According to Forbes, Trump’s fortune fell $600 million to $3.1 billion. Trump’s Commerce Secretary Wilbur Ross fell off the list altogether when he filed disclosure forms showing he had a net worth of less than $1 billion.

Chevy Chase developer and Washington Nationals owner Ted Lerner retains the highest placing in the state, while Baltimore Ravens owner Stephen Bisciotti of Millersvile climbed to the No. 2 spot among Maryland's uber-wealthy. And Dan Snyder, the owner of the Washington Redskins, kept his last-place ranking among his fellow Marylanders.

Here is where Maryland’s billionaires land on the list.

• Ted Lerner of Chevy Chase, developer and founder of Lerner Enterprises, is No. 122 on the list. Net worth: $4.9 billion.
• Stephen Bisciotti of Millersville, owner of the Baltimore Ravens and co-founder of staffing firm Allegis Group, is No. 172. Net worth: $4 billion.
• Bernard Saul II of Chevy Chase, chairman and CEO of Saul Centers Inc., a banking and real estate company, is No. 212. Net worth: $3.5 billion.
• Mitchell Rales of Potomac, co-founder of Danaher, a manufacturing and investment firm, is No. 219. Net worth: $3.4 billion.
• David Rubenstein of Bethesda, co-chief executive officer and co-founder of private equity Carlyle Group, is No. 278. Net worth: $2.9 billion.
• Jim Davis of Cockeysville, cofounder and chairman of private staffing firm Allegis Group, is No. 315. Net worth: $2.6 billion.
• Dan Snyder of Potomac, owner of the Washington Redskins, is No. 350. Net worth: $2.3 billion.

According to Forbes, these are the 10 richest Americans in 2017:

Bill Gates, net worth $89 billion, Microsoft (1)

Jeff Bezos, net worth $81.5 billion, Amazon (2)

Warren Buffett, net worth $78 billion, Berkshire Hathaway (3)

Mark Zuckerberg, net worth $71 billion, Facebook (4)

Larry Ellison, net worth $59 billion, software (5)

Charles Koch, net worth $48.5 billion, diversified (6)

David Koch, net worth $48.5 billion, diversified (6)

Michael Bloomberg, net worth $46.8 billion, Bloomberg LP (8)

Larry Page, net worth $44.6 billion, Google (9)

Sergey Brin, net worth $43.4 billion, Google (10)

>>> Click here to see the full list.

To come up with the rankings of the 400 richest Americans, Forbes journalists started with a list of about 600 people considered strong candidates. Forbes looked at public records, news stories and when possible interviewed the candidates in person or via phone. All types of assets were taken into account, and Forbes also factored in debt.

»Photo: Under Armour CEO Kevin Plank speaks onstage at the Fast Company Innovation Festival 2016 - Under Armour CEO & Jordan Spieth at Skirball Center, NYU on November 3, 2016 in New York City. (Photo by Brad Barket/Getty Images for Fast Company)