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Greenwich's Dalio Tops Connecticut Billionaires On Forbes 400 List

Ray Dalio of Greenwich, the founder of Westport-based Bridgewater Associates, is the richest Connecticut resident on the Forbes 400 list.
Ray Dalio of Greenwich, the founder of Westport-based Bridgewater Associates, is the richest Connecticut resident on the Forbes 400 list. Photo Credit: File

FAIRFIELD COUNTY, Conn. – Connecticut boasts seven residents on the newly released 34th annual Forbes 400 Ranking of the Richest Americans . And Greenwich's Ray Dalio once again tops that list for the Nutmeg State.

Dalio is founder of the Westport-based Bridgewater Associates, the biggest hedge fund in the world. He is ranked No. 29 on the list with a net worth of $15.3 billion. That's up from No. 30 on last year's list.

Next up for Connecticut is Steve Cohen at No. 37. Cohen, another Greenwich resident, is worth $12 billion. Cohen now manages his personal fortune through Point 72 Asset Management. He was forced to shut down his hedge fund, SAC Capital, after pleading guilty to insider-trading charges. His fortune took a hit in that case: He paid out $1.8 billion to cover SAC's penalties.

The other billionaires making that Top 400 cut are:

  • No. 114: Paul Tudor Jones II of Greenwich with $4.7 billion. He is the founder of the Tudor Investment Corp.
  • No. 129: Karen Pritzker of Branford with $4.3 billion. She inherited family money from hotels and has grown her fortune through investments.
  • No. 171: Peter Buck of Danbury worth $3.5 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. 279: Stephen Mandel Jr. of Greenwich worth $2.4 billion. He is the founder of Lone Pine Capital, a hedge fund.
  • No. 279: C. Dean Metropoulos of Greenwich worth $2.4 billion. His private equity firm Apollo Global Management is known for buying the bankrupt Hostess dessert brand and relaunched it.
As for the nation, the richest American is still Bill Gates, worth $76 billion from Microsoft. Cracking the Top 10 this year for the first time is another tech guy: Facebook founder Mark Zuckerberg, worth $40.3 billion, according to Forbes.

What did it take to make the list this year? The bottom cut-off was $1.7 billion, the highest in the history of the list, Forbes said.

Check out the full list of the Forbes 400 Richest Americans here .

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