Business & Tech

Meet Pennsylvania's Richest Residents: The Forbes 400

Eight Pennsylvania residents cracked the Forbes 400, which required a net worth of at least $2.9 billion to make the cut.

PENNSYLVANIA — It's a great time to be rich.

Forbes recently unveiled its list of the America's 400 richest people, who collectively saw their wealth increase 40 percent from last year.

The list is topped by familiar faces Jeff Bezos of Amazon, Elon Musk of Tesla and Mark Zuckerberg of Meta/Facebook. But there are some new names — in fact, 44 billionaires are on the list that weren't last year.

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To make the cut, you need to be worth at least $2.9 billion, up $800 million from last year.

Pennsylvania is represented by eight people on the enviable list. Fifteen billionaires made the cut, with eight in the top half.

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Jeffrey Yaas, co-founder of Susquehanna International Group, was the richest among Pennsylvanians. Forbes reports the 63-year-old is worth $12 billion. Yass was 58th on the list.

Coming in at a relatively distant second was Victoria Mars, heir to the candy and pet food company, Mars, Inc. Her worth according to Forbes is $8 billion, putting her at No. 108.

CEO of online sports merchandising retailer Fanatics and co-owner of The Philadelphia 76ers and New Jersey Devils Michael Rubin was tied with Mars at $8 billion, also ranked No. 108.

Below are the remaining Pennsylvanians to make Forbes's list:

  • Mary Alice Dorrance Malone, Campbell Soup, $3.6 billion (No. 318)
  • Jeffrey Lurie, Philadelphia Eagles, $3.5 billion (No. 333)
  • Thomas Hagen, Erie Indemnity, $3.4 billion (No. 340)
  • John Middleton, John Middleton Co., $3.4 billion (No. 340)
  • Thomas Tull, Tulco LLC, $3.4 billion (No. 340)

Forbes calculated the net worth of those on the list using stock prices at Wall Street's closing bell on Sept. 3, 2021.

Forbes noted a glaring fact about this year: The wealthiest people in America gave less to charity than last year. The number of folks who gave away more than 20 percent of their net worth since last year's ranking dropped from 10 to eight. Those who gave away less than 1 percent of their wealth rose from 127 to 156.

See the full Forbes 400 list here.

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