8 Maryland Billionaires Make Forbes 400 Richest List for 2016

Forbes magazine has released its annual list of the 400 richest Americans, and eight billionaires from Maryland made the list — an increase of one from a year ago. New to the exclusive list is Jim Davis of Cockeysville, who made his fortune as co-founder and chairman of staffing company Allegis Group, which he started with his cousin, fellow billionaire Stephen Bisciotti.

Chevy Chase developer and Washington Nationals owner Ted Lerner retains the highest placing in the state, while investor Mitchell Rales of Potomac climbed to the No. 2 spot. Under Armour founder Kevin Plank slid from second place to fifth among Maryland's uber-wealthy. And Dan Snyder, the owner of the Washington Redskins, saw his ranking drop to last among his fellow Marylanders.

The billionaires in the magazine's 35th annual rankings have a combined total net worth of $2.4 trillion, up from $2.34 trillion last year. The minimum net worth needed to make this year’s list remains at $1.7 billion, unchanged from 2015.

For the 23rd consecutive year, Bill Gates was in the list's top spot, checking in this year with a net worth of $81 billion. Amazon's Jeff Bezos ($67 billion) took over the No. 2 spot from Warren Buffett, who will have to be satisfied with his $65.5 billion in third place.

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

• Ted Lerner of Chevy Chase, developer and founder of Lerner Enterprises, is No. 90 on the list. Net worth: $5.3 billion.
• Mitchell Rales of Potomac, co-founder of Danaher, a manufacturing and investment firm, is No. 134. Net worth: $4.1 billion.
• Stephen Bisciotti of Millersville, owner of the Baltimore Ravens and co-found of staffing firm Allegis Group, is No. 156. Net worth: $3.7 billion.
• Bernard Saul II of Chevy Chase, chairman and CEO of Saul Centers Inc., a banking and real estate company, is No. 194. Net worth: $3.3 billion.
• Kevin Plank of Lutherville, founder and CEO of sport apparel maker Under Armour, is No. 222. Net worth: $3 billion.
• David Rubenstein of Bethesda, co-chief executive officer and co-founder of private equity Carlyle Group, is No. 290. Net worth: $2.4 billion.
• Jim Davis of Cockeysville, cofounder and chairman of private staffing firm Allegis Group, is No. 321. Net worth: $2.2 billion.
• Dan Snyder of Potomac, owner of the Washington Redskins, is No. 335. Net worth: $2.1 billion.

»Photo of Washington Redskins owner Dan Snyder, used under the Creative Commons Attribution 2.0 Generic license by Jan Arkesteijn.