Fairfield County was well represented in Forbes”™ 2017 edition of The World”™s Billionaires, with 15 local business executives ranked among the 2,043 individuals with net a net worth of $1 billion or higher.
Greenwich was the capital of the county”™s wealthiest, with 12 of the 15 billionaires calling the town home. Among the deep-pocketed Greenwich elite was Ray Dalio, founder of the Bridgewater Associates hedge fund and the highest-ranking Connecticut resident on the list ”“ at No. 54, with a net worth of $16.8 billion. Also cited were the three co-founders of the AQR investment management firm: Clifford Asness (ranked at No. 660 with a net worth of $3 billion), David Kabiller and John Liew (both tied at No. 1,940, each with a net worth of $1 billion).
This year”™s list also made history with the first U.S. billionaire president. However, President Donald Trump was demoted in this year”™s rankings: Forbes cited his net worth at $3.5 billion, down $1 billion from last year, which resulted in his being downgraded 220 spots to be tied with 19 others in the 544th ranking.
