10 Billionaires In MD Among Richest Americans: New Forbes List

MARYLAND — Billionaire Annette Lerner is the wealthiest person in Maryland for the second year, according to The Forbes 400, an annual ranking of America’s super rich.

Lerner, 94, is worth an estimated $6.4 billion, down from $6.5 billion last year. Lerner, who ranks as the 432nd richest person in the nation, lent $250 to her late husband, Ted Lerner, in 1952 to start a real estate company, selling homes for developers.

Today, Lerner Enterprises is among the largest owners of real estate in the Washington, D.C. area. Ted Lerner died in February 2023, leaving Annette and their children as the heirs to the estate. Since 2006, the Lerners have owned the Washington Nationals baseball team. Ted passed control of the team to son Mark in 2018.

Maryland billionaires who made the list are:

• No. 432: Annette Lerner & family, real estate, of Chevy Chase inheritance
• No. 624: Mitchell Rales, 67, of Potomac, founder, Danaher Corp., net worth: $4.9B
• No. 712: Jim Davis, 64, of Cockeysville, co-founder, Allegis Group, net worth: $4.4B
• No. 712: Dan Snyder, 59, of Potomac, former owner, Washington Commanders, net worth: $4.4B
• No. 809: David Rubenstein, 74, of Bethesda, cofounder and co-executive chairman, Carlyle Group, and new owner of the Baltimore Orioles, net worth: $3.9B
• No. 1,062: Ted Leonsis, 68, of Bethesda, ffounder and CEO, Monumental Sports, net worth: $3.1B
• No. 1,286: Bernard Saul II, 91, of Chevy Chase, & family, chairman and CEO, Saul Centers, net worth: $2.6B
• No. 1,694: Keith Dunleavy, 54, of Annapolis, & family, founder, Inovalon, net worth: $1.9B
• No. 1,945: Anthony Casalena, 41, of Monkton, founder, Squarespace Inc., net worth: $1.6B
• No. 2,545: Kevin Plank, 51, of Lutherville-Timonium, founder and CEO, Under Armour, net worth: $1.1B

The Baltimore Business Journal gleaned the Maryland billionaires from the ranking.

Leading the 2024 list is French businessman Bernard Arnault, the head of luxury goods giant LVMH, with a value of $233 billion. He’s $38 billion richer than the world’s No. 2, Elon Musk, who is worth an estimated $195 billion thanks to his ownership of SpaceX and Tesla.

Forbes says Musk is the richest U.S. resident, followed by Amazon founder Jeff Bezos, who owns The Washington Post, as well, according to The Forbes 400 for 2024. He is worth an estimated $194 billion, Forbes said.

Overall, the 400 richest billionaires in America have more wealth than a year ago, and there are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021, Forbes said. Those on the list are worth a total of $14.2 trillion, up by $2 trillion from 2023.

The United States is now home to a record 813 billionaires worth a combined $5.7 trillion. One of the most famous, former President Donald Trump, didn't make this year's top 400 list. He ranked 1,438 on Forbes' list with a net worth of $2.3 billion, down from $2.5 billion a year ago.