62 billionaires live in New York: who are these people?
Forbes published the 42nd edition of its flagship list of America’s richest people – the Forbes 400. They took into account all types of assets: shares in public and private companies, real estate, art, yachts, airplanes, ranches, vineyards, jewelry, car collections and much more.
New York is one of the world’s largest centers for business and finance, and its billionaires continue to influence the economy and society both in the city and beyond. New Forbes list: 62 New York billionaires are among the richest Americans, Patch reports.
America’s 400 richest billionaires have a combined net worth of $4.5 trillion, matching the record set in 2021. Overall, they are worth about $500 billion more than a year ago, largely due to buoyant stock markets and the tech boom fueled by artificial intelligence, Forbes said.
To be included on the prestigious list, billionaires must have a net worth of at least $2.9 billion (a year ago this figure was $2.7 billion). Forbes reported that stock prices as of Sept. 8 are used to calculate net worth.
On the subject: Four books that will help you get rich: the personal experience of a millionaire
Former New York Mayor Michael Bloomberg, the 81-year-old owner of Bloomberg LP and the richest person in New York, is worth an estimated $96.3 billion. He ranks 10th on the list of the country’s richest people. In April, he was ranked 7th on Forbes’ list of the world’s richest people.
Other New York billionaires included in the ranking include:
- Julia Koch, 61, and her family founded Koch Industries. Their net worth is estimated at $59.8 billion, making them the 15th richest people in the country.
- Stephen Schwarzman, 76, is known for his investments and has an estimated net worth of $34.5 billion, according to Forbes. He ranks 23rd in the country.
- Jim Simons, 85, whose assets include hedge funds, has a net worth of $30.7 billion, according to Forbes. He ranks 25th.
- Rupert Murdoch, 92, and his family, known for their newspapers, television and networks, are worth an estimated $17.4 billion, ranking 40th in the United States, according to Forbes.
You can see the full Forbes list here.
Tesla and SpaceX founder Elon Musk, owner of the social media platform X, tops the list for the second year with an estimated value of $251 billion – he is $90 billion richer than Amazon founder Jeff Bezos, who ranks second on the list, and $93 billion ahead of Oracle founder Larry Ellison, a software developer.
Not very generous rich people
America’s richest people are among the nation’s biggest philanthropists, donating billions to cure diseases, support colleges and climate initiatives. Forbes took a hard look at how generous they really are, rating each on a scale from 1 (those who have given away less than 1% of their current wealth) to 5 (those who have given away at least 20%). The richest people in America are not yet known for their generosity. Two-thirds of them have given away less than 5% of their wealth to date, and only 11 have given away 20% or more.
On the subject: How to manage money to get rich: 30 tips from billionaire Warren Buffett
In New York, 93-year-old George Soros, whose fortune is linked to hedge funds and is estimated at $6.7 billion, received 5 points for philanthropy, becoming the only billionaire in the state to earn this designation. Bloomberg, Simons, John Stryker and John Paulson received 4 points for philanthropy.
Forbes estimates that only 11 of the 400 richest people in America have given away more than 20% of their wealth: John Arnold, Edith Broad, Warren Buffett, Bill Gates, Melinda French Gates, Amos Hostetter Jr. , Pierre Omidyar , Mackenzie Scott , Lynn Shusterman , Jeff Skoll and George Soros .
Read more NY daily news online on our portal.