Business & Tech

3 from Newton Area Make Billionaires List

Sam Adams beer founder Jim Koch, New Balance Chairman Jim Davis, and Baupost Group CEO Seth Klarman made Forbes' annual list.

Three Newton-area residents made Forbes’ billionaires list, an annual world report that was released this week.

The three are:

  • Jim Davis (New Balance Chairman): $3.7 billion
  • Seth Klarman (Baupost Group CEO, Chestnut Hill): $1.5 billion
  • Jim Koch (Sam Adams beer founder): $1.1 billion

Fidelity Investments President Abigail Johnson, 53, is once again the richest Bay State resident, with a net worth of $13.4 billion. Her father, former Fidelity CEO Edward Johnson, was No. 2 with $7.4 billion.

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Overall, Bill Gates topped the list with a net worth $79.2 billion.

Here are all the Bay State residents who made the list:

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The full list included a record 1,826 billionaires with a total net worth of over $7 trillion, Forbes said. Forty-six are under the age of 40—also a record.

Photo: Jim Koch, Jim Davis, and Seth Klarman. (Courtesy photos)

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