9 MA Billionaires Among America's Richest People: See New List

MASSACHUSETTS — Abigail Johnson, who is worth an estimated $35 billion, is the richest person in Massachusetts, according to the Forbes 400 ranking of the wealthiest Americans released Tuesday.

Overall, Massachusetts has nine billionaires on the elite Forbes list. They’re worth a combined $98.8 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.”

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Abigail Johnson, Massachusetts's richest billionaire, has grown her wealth in the finance and investments industry, where she ranked No. 27 nationally. Johnson is CEO of Fidelity Investments. She took over for her father in 2014 and has been chairman since 2016.

Other Bay Staters in the ranking include:

Edward Johnson, IV, is the founder of Fidelity Investments.

• Net worth: $14.2 B
• Industry: Finance and Investments
• Ranking nationally: No. 76
• Philanthropy score: 2

Robert Kraft is the founder of the Kraft Group and owns the New England Patriots.

• Net worth: $13.8 B
• Industry: Manufacturing
• Ranking nationally: No. 78
• Philanthropy score: 3

Elizabeth Johnson is the granddaughter of the founder of Fidelity Investments.

• Net worth: $12.3 B
• Industry: Finance and Investments
• Ranking nationally: No. 99
• Philanthropy score: 2

Robert Hale, Jr., is the founder and CEO of Granite Telecommunications.

• Net worth: $6 B
• Industry: Telecom
• Ranking nationally: No. 246
• Philanthropy score: 3

Jim Davis and family — Davis bought a small Boston shoemaker and turned it into New Balance Athletics.

• Net worth: $5.2 B
• Industry:
• Ranking nationally: No. 295
• Philanthropy score: 2

Phillip T. (Terry) Ragon founded InterSystems.

• Net worth: $4.2 B
• Industry: Health IT
• Ranking nationally: No. 352
• Philanthropy score: 3

Alan Trefler started the software company Pegasystems in 1983.

• Net worth:$4.2 B
• Industry: Software
• Ranking nationally: 352
• Philanthropy score: 1

Amos Hostetter, Jr. is the founder, chairman and CEO of Continental Cablevision.

• Net worth: $3.9 B
• Industry: Cable Television
• Ranking nationally: No. 382
• Philanthropy score: 5

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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.

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