Community Corner

Meet The Richest In Massachusetts: The Forbes 400

Fifteen Massachusetts residents cracked the Forbes 400, which required a net worth of at least $2.9 billion to make the cut.

Steve Conine (left) and Niraj Shah (center) co-chairmen and co-founders of Boston home furnishings online retailer Wayfair, made the back end of the Forbes 400.
Steve Conine (left) and Niraj Shah (center) co-chairmen and co-founders of Boston home furnishings online retailer Wayfair, made the back end of the Forbes 400. (AP Photo/Richard Drew)

BOSTON — It's a great time to be rich.

Forbes recently unveiled its list of the America's 400 richest people, who collectively saw their wealth increase 40 percent from last year.

The list is topped by familiar faces Jeff Bezos of Amazon, Elon Musk of Tesla and Mark Zuckerberg of Meta/Facebook. But there are some new names — in fact, 44 billionaires are on the list that weren't last year.

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To make the cut you need to be worth at least $2.9 billion, up $800 million from last year.

Massachusetts is well represented on the enviable list. Fifteen billionaires made the cut, with eight in the top half.

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Fidelty CEO Abigail Johnson continues to lap the field, with a net worth of $25.2 billion. Her dad, Edward Johnson III, is second with $11.5 billion, while her brother, Edward Johnson IV, is fourth at $7.2 billion.

Patriots owner Robert Kraft breaks up the Johnson stranglehold with a third-place showing at $8.3 billion.

New Balance founder Jim Davis and his family are fifth at $6.9 billion. Then it's Elizabeth Johnson, yes of those Johnsons, at $6.1 billion.

Here's the full list, along with their place on the top 400:

  • 27. Abigail Johnson, $25.2 billion.
  • 60. Edward Johnson III, $11.5 billion.
  • 102. Robert Kraft, $8.3 billion.
  • 124. Edward Johnson IV, $7.2 billion.
  • 134. Jim Davis and family, $6.9 billion.
  • 168. Elizabeth Johnson, $6.1 billion.
  • 176. Timothy Springer, $5.9 billion: Immunologist and professor of biological chemistry and molecular pharmacology at Harvard Medical School.
  • 188. Alan Trefler, $5.7 billion, Pegasystems founder.
  • 212. Noubar Afeyan, $5 billion, Founder and CEO of Flagship Pioneering.
  • 222. Robert Langer, $4.9 billion, Scientist and professor at MIT.
  • 289. Amos Hostetter, Jr., $3.9 billion, Cable TV pioneer.
  • 340. Steve Conine, $3.4 billion, Co-founder and co-chairman of Wayfair.
  • 340. Frank Laukien, $3.4 billion, Chairman and CEO of Bruker Corp.
  • 340. Niraj Shah, $3.4 billion, Co-founder and CEO of Wayfair.
  • 363. Robert Hale, Jr., $3.2 billion, Founder and CEO of Granite Telecommunications.

Forbes calculated the net worth of those on the list using stock prices at Wall Street's closing bell on Sept. 3, 2021.

Forbes noted a glaring fact about this year: The wealthiest people in America gave less to charity than last year. The number of folks who gave away more than 20 percent of their net worth since last year's ranking dropped from 10 to eight. Those who gave away less than 1 percent of their wealth rose from 127 to 156.

See the full Forbes 400 list here.

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