9 PA Billionaires Are Among Richest In The World: Forbes

PENNSYLVANIA — Those on the world’s billionaires list, which includes 9 Pennsylvania residents, aren’t as flush as they were a year ago, but collectively are still worth $12.2 trillion, Forbes said with the release of its annual list.

That’s down from $12.7 trillion last year. Nearly half of the list is less wealthy than a year ago, including Elon Musk, who lost his No.1 spot after shares in Tesla fell when he bought Twitter. Musk is now No.2 on the list and was worth $192.8 billion Wednesday morning after having made about $12.8 billion since Tuesday.

Twenty-eight people fell off the list altogether, with the number of people with 10-figure fortunes now at 2,640. The United States has the most billionaires of any country — 735 people collectively worth $4.5 trillion. Overall, Forbes attributed the loss of wealth to falling stock markets, especially in the technology sector, and rising interest rates.

To calculate net worth, Forbes used stock prices and exchange rates from March 10 to determine the ranking, but updates wealth in real time.

Below are the Keystone State billionaires who made the list:

• Jeff Yass (48th nationwide), Susquehanna group owner and TikTok investor. Net worth $26.5 billion, down from $30B last year. Aged 64.
• Michael Rubin (151st), Fanatics founder/ CEO and former owner of Philadelphia 76ers and New Jersey Devils. Net worth $11.4 billion, up from $10.2B last year. Aged 50.
• Victoria Mars (195th), candy and pet food. Net worth $9.6 billion, up from $9.3B in 2022. Aged 66.

• Arthur Dantchik (317th), Susquehanna group cofounder and trader. Net worth $7.2 billion, down from $7.5B in 2022. Aged 65.
• Jeffrey Lurie and family (624nd), Philadelphia eagles owner), $4.4 billion, same net worth as 2022. Aged 71.
• Thomas Hagen (659th), insurance. $4.2 billion, down from $4.4B in 2022. Aged 87.
• Mary Alice Dorrance Malone (679th), Campbell’s Soup Co. shareholder. $4.2 billion, up from $3.9B last year. Aged 73.
• John Middleton (852nd), tobacco and owner of Philadelphia Phillies, $3.4 billion, same net worth as in 2022. Aged 68.
• Thomas Tull (1,104th), movies and investments, $2.7 billion, down from $2.9B last year. Aged 52.

With Musk’s slip from the No. 1 position, Bernard Arnault, who heads luxury goods giant LVMH, tops the list as the richest person in the world. It’s the first time a citizen of France has led the ranking, whose top 10 includes seven U.S. billionaires. Besides Musk, they are (net worth is reflected as of Wednesday and may not align exactly with their placement on the list):

• Jeff Bezos, Amazon, worth $126.9 billion;
• Larry Ellison, Oracle, worth $118.9 billion;
• Bill Gates, Bill and Melinda Gates Foundation, worth $109.9 billion;
• Warren Buffett, Berkshire Hathaway, worth $107.4 billion;
• Michael Bloomberg, Bloomberg Inc., worth $95.4 billion; and
• Steve Balmer, Microsoft, worth $90.1 billion.

Patch’s national desk contributed to this report.