7 Connecticut Billionaires Make Forbes 400 Richest List For 2017

Together, these seven Connecticut residents are worth nearly $50 billion. Yes, that's with a "b." Forbes released its Forbes 400 list on Tuesday, and the Nutmeg State can count seven of its locals among the wealthiest folks in the country.

They've made their fortunes from varied fields, but they aren't very well spread across the state. Five are from Greenwich, with two being from Branford and Danbury.

Forbes noted that the price of admission to the list jumped nearly 18 percent to $2 billion. There were 26 billionaires on the 2016 list who fell off and 22 newcomers made the list for the first time. One of the notable names that fell off the list is Under Armour CEO Kevin Plank.

To come up with the rankings of the 400 richest Americans, Forbes’ journalists started with a list of about 600 people considered strong candidates. Forbes looked at public records, news stories and when possible interviewed the candidates in person or via phone. All types of assets were taken into account and Forbes also factored in debt.

One of the notable losers on the list was President Donald Trump, Forbes says. According to Forbes, Trump’s fortune fell $600 million to $3.1 billion. Trump’s Commerce Secretary Wilbur Ross fell off the list altogether when he filed disclosure forms showing he had a net worth of less than $1 billion.

According to Forbes, these are the richest Connecticut residents in 2017:

1. No. 26 Ray Dalio, net worth of $17 billion : Founder of Bridgewater Associates, the world's biggest hedge fund firm. He lives in Greenwich.
2. No. 34 Steve Cohen, net worth of $13 billion: Founder of Point72 Asset Management, an $11 billion hedge fund. He lives in Greenwich.
3. No. 132 Karen Pritzker, net worth of $4.8 billion: Her grandfather built the Marmot and Hyatt hotels. She lives in Branford.
4. No. 144 Paul Tudor Jones, II, net worth of $4.6 billion: He is the founder of Tudor Investment Corporation, a hedge fund. He lives in Greenwich.
5. No. 264 Clifford Asness, net worth of $3 billion: He is the co-founder of AQR Capital Management, a money management firm that oversees $195 billion in assets. He lives in Greenwich
6. No. 324 Stephen Mandel, Jr., net worth of $2.5 billion: Founder of Lone Pine Capital, a hedge fund managing $25 million in assets. He lives in Greenwich
7. No. 350 Peter Buck, net worth of $2.4 Billion: Buck is a co-founder of Subway restaurants. He lives in Danbury.

>>>Click here for the full Forbes 400 list<<<

Image via Shutterstock. Alex Newman, Patch Staff reported on this story.