Who Are The 11 Massachusetts Billionaires??

posted by Justin - 


Forbes Magazine released its annual list of the world's billionaires yesterday, and it boasted 11 Massachusetts residents!


Do you know any of them?


Let's take a look... (Full list here)


1. Abigail Johnson, 55, of Milton – No. 75

Chairman and CEO of Fidelity Investments, founded by her grandfather Edward Johnson II. She owns an estimated 24 percent stake in the firm, which has $2.1 trillion in managed assets. Her net worth is $14.1 billion.


2. Edward Johnson III, 86, of Boston – No. 173

Former CEO of Fidelity Investments, replaced by his daughter in 2014. Johnson is an art collector who frequently loans pieces to various museums throughout New England. His net worth is $7.8 billion.


3. Jim Davis, 73, of Newton – No. 315

Owner of New Balance, which he bought in 1973 as a shoemaker churning out 30 pairs a day. Davis also owns commercial property in Gloucester, including the site of the original Birds Eye frozen food factory, where he and a partner opened a waterfront hotel last year. His net worth is $5.1 billion.


4. Robert Kraft, 75, of Brookline – No. 315

Owner of the New England Patriots and New England Revolution. Kraft bought the Patriots for $172 million in 1994 with profits from his paper and packaging company; the organization is now worth $3.4 billion. He also purchased a stake in the Ultimate Fighting Championship last year. Kraft's net worth is $5.1 billion.


5. Amos Hostetter Jr., 80, of Boston – No. 603

Chair of Pilot House Associaties. Hostetter made the bulk of his fortune in the 1990s as a cable TV pioneer, selling his stake in Continental Cablevision to US West for $11 billion in 1996 before helping AT&T buy back the business. He owns seaside property on Nantucket and The Chanticleer restaurant on the island. His net worth is $3.2 billion.

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6. Phillip Ragon, 67, of Boston – No. 1,030

Owner of Cambridge-based InterSystems, a $574 million company that sells software enabling hospitals and banks to analyze big data. In 2009, he and his wife established the Ragon Institute in partnership with Massachusetts General Hospital, Harvard and MIT to pursue an HIV vaccine. Ragon's net worth is $2 billion.


7. Alan N. Trefler, 61, of Brookline – No. 1,290

Founder of Pegasystems, a software company that focused on streamlining business and enhancing customer engagement. The company, which went public in 1996, now brings in $750 million in revenue and employs more than 3,300 people. He and his wife are founders and trustees of the Trefler Foundation, which donates to public education and youth development in Boston. Trefler is worth $1.6 billion.


8. Seth Klarman, 59, of Chestnut Hill – No. 1,376

CEO and president of Baupost Group, a Boston-based firm. Author of the book "Margin of Safety," philanthropist and owner of the English-language Israeli newspaper Times of Israel. Klarman's net worth is $1.5 billion.

9. Ted Alfond, 72, of Weston – No. 1,468

Alfond and his three billionaire siblings share the Dexter Shoe fortune, including Berkshire stock and a small stake in Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC in addition to stakes in Roush Fenway Racing and the New England Sports Network. Alfond is worth $1.4 billion.


10. Herb Chambers, 75, of Boston – No. 1,567

Owner of 55 luxury car dealerships throughout New England, which bring in more than $2.5 billion per year. His net worth is $1.3 billion.


11. Paul Fireman, 73, of Brookline – No. 1,940

Former CEO of Reebok. Led the company to success in the 1980s before stepping down in the 1990s. He returned and revived the business before selling it to Adidas for $3.8 billion in 2005. He owns the Liberty National Golf Club, an exclusive New Jersey country club overlooking the Statue of Liberty. Fireman is worth $1 billion.


Source

Photo: Getty Images

Justin

Justin

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