GREENWICH, Conn. – Ray Dalio of Greenwich again tops the list of eight billionaires who have been named to the annual Forbes 400 Ranking of the Richest Americans . Five of the Nutmeg State residents who made the list live in Greenwich, and another lives in Danbury.
Dalio is founder of the Westport-based Bridgewater Associates, the biggest hedge fund in the world. He is ranked No. 25 on the list with a net worth of $15.9 billion. That's up from No. 29 on last year's list.
Next up for Connecticut is Steve Cohen at No. 31. Cohen, another Greenwich resident, is worth $13 billion. Cohen now manages his personal fortune through Point 72 Asset Management.
The other Connecticut billionaires making that Top 400 cut are:
- No. 120: Paul Tudor Jones II of Greenwich with $4.6 billion. He is the founder of the Tudor Investment Corp.
- No. 131: Karen Pritzker of Branford with $4.3 billion. She inherited family money from hotels and has grown her fortune through investments.
- No. 274: Stephen Mandel Jr. of Greenwich with $2.5 billion. He is the founder of Lone Pine Capital, a hedge fund.
- No. 290: Peter Buck of Danbury with $2.4 billion. He is co-founder of Doctor's Associates, the parent company of Subway. In 2014, he made a $30 million donation to Danbury Hospital.
- No. 374: Alexandra Daitch of Old Lyme with $1.8 billion. She owns about 3 percent of Cargill, the largest private company in America. She is one of 14 billionaire descendants of W.W. Cargill, who started the company in 1865.
- No. 374: Lucy Stitzer of Greenwich with $1.8 billion. Stitzer is Daitch's sister and chairs Waycrosse, the investment company of the Cargill and MacMillan families.
The richest person in America is still Microsoft founder Bill Gates, worth a total of $81 billion. The 400 richest Americans have a combined net worth of $2.4 trillion with an average net worth of $6 billion, which are both record highs, according to Forbes. More than 10 percent of the people on the list are immigrants, according to Forbes.
What did it take to make the list this year? The bottom cut-off was $1.7 billion, the same as it was last year, Forbes said. A total of 153 billionaires did not crack the top 400.