Seven Maryland Billionaires Make the 2014 Forbes 400 List

Sports business owners made up nearly half of the Maryland billionaires on this year’s annual Forbes 400 list, which is out.

There aren’t any surprise at the top of the country’s billionaire heap: Microsoft co-founder Bill Gates, Berkshire Hathaway’s Warren Buffett and Oracle’s Larry Ellison are the leaders.

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 Maryland seven billionaires made the list.

Here are the Maryland billionaires:

• Ted Lerner of Chevy Chase, developer and founder of Lerner Enterprises, is No. 112 on the list. Net worth: $4.4 billion.
• Mitchell Rales of Potomac, co-founder of Danaher investment firm, is No. 144. Net worth: $3.7 billion.
• David Rubenstein of Bethesda, co-chief executive officer and co-founder, Carlyle Group, is No. 198. Net worth: $3 billion.
• Kevin Plank of Lutherville, founder and CEO of Under Armour, is No. 209. Net worth: $3 billion.
• Stephen Bisciotti of Millersville, owner of the Baltimore Ravens, is No. 249. Net worth: $2.6 billion.
• Bernard Saul II of Chevy Chase, chairman and CEO of Saul Centers Inc., is No. 252. Net worth: $2.6 billion.
• Dan Snyder of Potomac, owner of the Washington Redskins, is No. 371. Net worth: $1.73 billion.

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