Ray Dalio and Steven Cohen led the Connecticut billionaires’ brigade in the latest Forbes magazine annual ranking of the wealthiest 400 Americans.
Dalio, co-founder of the Westport-based hedge fund Bridgewater Associates, ranked 29th on the list with a net worth of $16.9 billion. Cohen, founder and chairman/CEO of Stamford”™s Point72 Asset Management hedge fund and owner of the New York Mets, came in 36th with a net worth of $14.5 billion.
Three other Connecticut billionaires also made the list: Karen Pritzker, a New Haven investor whose family made a fortune running Hyatt Corp. and other companies, ranked at 181st with a $4.1 billion net worth; Stephen Mandel Jr. of Greenwich”™s Lone Pine Capital hedge fund management firm, came in 299th with $2.8 billion; and Bradley Jacobs, chairman and CEO of Greenwich”™s XPO Logistics, ranked 391st with $2.1 billion.
The nation”™s wealthiest person, according to Forbes, is Amazon founder, Chairman and CEO Jeff Bezos, at $179 billion, followed by Microsoft Founder Bill Gates ($111 billion) and Facebook mogul Mark Zuckerberg ($85 billion). President Donald Trump ranked at 339th with a net worth of $2.5 billion, a $600 million decline that caused him to drop 64 places from last year”™s list.
