6 MD Billionaires Among America's Richest People: See New List

Annette Lerner, who is worth an estimated $6.2 billion, is the richest person in Maryland, according to the Forbes 400 ranking of the wealthiest Americans released Tuesday. The Lerner family owns the Washington Nationals.

Overall, Maryland has six billionaires on the elite Forbes list. They’re worth a combined $27.5 billion.

America’s super-rich have never been wealthier. The 400 richest people in the country are worth a record $6.6 trillion — $1.2 trillion richer than they were last year, due mainly to surging stock markets and “AI mania," Forbes said.

It took a net worth of $1.7 billion to make the Forbes 400 a decade ago, and those with fortunes of $3.8 billion were “comfortably within the top half of the ranking,” Forbes said, noting that now, “that lofty sum is the minimum required.”

Annette Lerner ranks as the No. 239 wealthiest person in the country.

Forbes said Annette Lerner lent $250 to her husband, Ted Lerner, in 1952 to start a real estate company. Lerner Enterprises is now one of the largest real estate owners in the Washington, D.C area.

Ted Lerner died in February 2023. He left his wife and her children as the heirs of his estate.

The family has owned the Nationals since 2006. Ted Lerner's son, Mark, has been the team's control person since 2018.

Forbes said the family donates to charities including Children's National Hospital in D.C., George Washington University and Hebrew University in Jerusalem.

Other Marylanders on the list include:

Dan Snyder
Net worth: $4.7 billion
Industry: Former Washington Commanders owner, marketing
Ranking nationally: 325
Philanthropy score: 2

David Rubenstein
Net worth: $4.6 billion
Industry: Baltimore Orioles owner, private equity
Ranking nationally: 334
Philanthropy score: 4

Mitchell Rales
Net worth: $4.1 billion
Industry: Manufacturing, investments
Ranking nationally: 362
Philanthropy score: 4

Jim Davis
Net worth: $4 billion
Industry: Staffing, recruiting
Ranking nationally: 377
Philanthropy score: 2

Theodore "Ted" Leonsis
Net worth: $3.9 billion
Industry: Owner of the NHL's Washington Capitals, the NBA's Washington Wizards, the WNBA's Washington Mystics and the NBA G League's Capital City Go-Go
Ranking nationally: 382
Philanthropy score: 1

Elon Musk remained at the top of the list. He also became the first person on the list to surpass $400 billion. That was $152 billion richer than Larry Ellison, the second-richest American, and a difference that’s more than Warren Buffett’s entire net worth, Forbes said.

The 10 richest people in America are:

1. Elon Musk, 54, $428 billion, Tesla, SpaceX (Texas)
2. Larry Ellison, 81, $276 billion, Oracle (California)
3. Mark Zuckerberg, 41, $253 billion, Facebook (California)
4. Jeff Bezos, 61, $241 billion, Amazon (Florida)
5. Larry Page, 52, $179 billion, Google (California)
6. Sergey Brin, 52, $166 billion, Google (California)
7. Steve Ballmer, 69, $153 billion, Microsoft (Washington)
8. Jensen Huang, 62, $151 billion, semiconductors (California)
9. Warren Buffett, 95, $150 billion, Berkshire Hathaway (Nebraska)
10. Michel Dell, 60, $129 billion, Dell Technologies (Texas)

This year’s ranking includes 14 newcomers, including four who are worth $10 billion or more.

President Donald Trump ranks 201st on the list with a net worth of $7.3 billion. Within the real estate industry, Trump ranks eighth in the sector, led by Donald Bren of California, with a net worth of $19.2 billion, and Stephen Ross of Florida, who is worth about $17 billion.