Community Corner

Forbes 400: Richest of the Rich in Massachusetts

There were six from Massachusetts listed in the Forbes 400. The richest two people work for the same company.

Yes that's billions. With a "b." Forbes released its Forbes 400, a list of the richest folks in the country.

Together, the six wealthiest billionaires in Massachusetts are worth $32.4 billion. They've made their fortunes from varied fields, but they aren't very well spread across the state. Three are billed by Forbes as being from Boston, one from Newton, one from Brookline and one from Milton. The top two are from the same company.


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No. 29 - Abigail Johnson, Milton, worth $13.1 billion, is CEO and president of mutual fund behemoth Fidelity. She graduated from Hobart and William Smith and Harvard.

No. 68 - Edward Johnson III, of Boston, worth $7.1 billion, is the chairman of Fidelity. He graduated from Harvard.

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No. 94 - Jim Davis, of Newton, worth $5.2 billion, owns shoe and athletic apparel company New Balance. He graduated from Middlebury College.

No. 102 - Robert Kraft, of Brookline, worth $5.1 billion, is the chairman and CEO of the Kraft Group and, of course, owner of the New England Patriots and New England Revolution. He bought the Patriots in 1994 for $172 million. The team is now worth more than $3 billion. He holds degrees from Columbia and Harvard.

No. 214 - Amos Hostetter Jr., of Boston, worth $3.1 billion, "made a fortune in the 1990s as cable TV pioneer." He has degrees from Amherst and Harvard.

No. 374 - Phillip Ragon, of Boston, worth $1.8 billion, owns Cambridge-based InterSystems, which Forbes says sells software enabling hospitals and banks to analyze big data. Ragon graduated from nearby MIT.

And if you're just curious where Republican presidential nominee Donald Trump is? He fell 35 spots to No. 156 this year. Trump is worth $3.7 billion, down $800 million from last year.

>>>Click here for the full Forbes 400 list<<<

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