These 7 MA Billionaires Made The Forbes 400 List (Of Billionaires)

BOSTON, MA — Of all the billions of people on Earth, these seven Massachusetts have the most billions.

Forbes magazine published its annual 400 list Thursday, ranking the top billionaires in the nation — all the way from big shots like Jeff Bezos down to paupers like shopping mall magnate Richard Wang, who's only worth $2.7 billion and ranked last on the list.

But — and you might need a box of tissues for this news — this year's ranking was the first time since the Great Recession that the 400 richest Americans didn’t get wealthier this year, according to the 2022 Forbes 400.

As a group, the net worth of super rich Americans was down $500 billion, or 11 percent, to $4 trillion, Forbes said. The Forbes list is based on stock prices from Sept. 2.

In order of billions, the Massachusetts residents on the list are:

• Abigail Johnson, CEO of Fidelity Investments — $20.5 billion. No. 29 overall
• Robert Kraft, New England Patriots owner and CEO of Kraft Group — $10.6 billion, No. 59 overall
• Edward Johnson IV, Fidelity Investments heir — $6.6 billion, No. 133 overall
• Elizabeth Johnson, Fidelity Investments heir — $5.1 billion, No. 196 overall
• Robert Hale Jr., CEO of Granite Telecom (Quincy) — $5 billion, No. 212 overall
• Jim Davis, New Balance owner — $4 billion, No. 271 overall
• Amos Hostetter Jr., founder of Continental Cablevision — $3.4 billion, No. 327 overall

“The rich don’t always get richer,” Chase Peterson-Withorn, Forbes’ deputy wealth editor said, noting that like many Americans, the wealthiest 400 people in the country are feeling the stock market slowdown.

“But they’re doing just fine,” he said

As a group, they are $1 trillion richer than they were in 2019 before the start of the COVID-19 pandemic.

Elon Musk topped the real-time list of super rich Americans for the first time, with a real-time net worth Thursday of $263.2 billion. That’s up from $251 billion from Sept. 2.

He unseated Amazon founder Jeff Bezos, who had topped the list for four years. Bezos’ real-time net worth is $141.4 billion, down from $151 billion when the list was compiled.

Former Cambridge resident (and Facebook founder) Mark Zuckerberg was knocked out of the top 10, coming in at No. 11, down from No. 3 last year. His real-time net worth Thursday was $51.2 billion, down from $57.7 billion when the list was released.

Forbes said Zuckerberg has lost more than half of his fortune, $76.8 billion, since September 2021. No one on the Forbes 400 lost more money in the past year than Zuckerberg, the financial news outlet said.

Former president Donald Trump returned to the list after falling out of the ranking in 2021. Forbes lists his real-time net worth at $3.2 billion. Of note, Forbes noted, New York Attorney General Letitia James is suing Trump, three of his children and the Trump Organization for $250 million, claiming they had repeatedly and grossly inflated the value of his properties to obtain loans.

The other eight billionaires in the Top 10 and their real-time wealth Thursday are:

• No. 3: Bill Gates, Microsoft and Bill and Melinda Gates Foundation co-founder, $103 billion.
• No. 4: Larry Elison, Oracle founder and CTO, $89.9 billion.
• No. 5: Warren Buffett, Berkshire Hathaway CEO, $95 billion.
• No. 6: Larry Page, Google co-founder and board member, $86.6 billion.
• No. 7: Sergey Brin, Google co-founder and board member, $83.1 billion.
• No. 8: Steve Ballmer, Los Angeles Clippers owner, $78.8 billion.
• No. 9: Michael Bloomberg, Bloomberg LP CEO, $76.8 billion.
• No. 10: Jim Walton, Arvest Bank Group Inc. chairman and CEO, $57.9 billion.

Notably, some Massachusetts billionaires that were on the list as recently as March are now off. Thsoe include Pegasystems founder Alan Trefler, Wayfair co-founders Niraj Shah and Steve Conine and Burker Corp. co-founder Frank Laukien.