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As a group, the 400 are worth $4 trillion to $500 billion less than last year and for the first time since the Great Recession, the minimum net worth to make the list is down $200 million to $2.7 billion amid the market selloff.
But of course, there are still plenty in Connecticut who made the list ranging from hedge fund owners to inherited wealth.
So who are the richest people in Connecticut? Here are the top-ranked folks who made the list:
No. 32 nationally, No. 1 in CT: Ray Dalio, of Greenwich, is worth $19.1 billion. He is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which manages $150 billion.
Dalio grew up in a middle-class Long Island family and started trading stocks when he was just 12, getting tips from golfers he caddied for.
According to Forbes, he has donated more than $1 billion to philanthropic causes.
No. 38 nationally, No. 2 in CT: Steve Cohen, also of Greenwich, is worth $17.5 billion. He founded Point72 Asset Management, a $26 billion hedge fund firm, and is the owner of the New York Mets.
For years he ran SAC Capital, one of the most successful hedge funds ever, but had to shut it down after the firm pleaded guilty to insider trading which cost him $1.8 billion in penalties.
He has given $1 billion to philanthropic causes.
No. 160 nationally, No. 3 in CT: Karen Pritzker, of Branford, is worth $5.7 billion. She is one of 11 Pritzker heirs. Her grandfather built industrial conglomerate Marmon and Hyatt hotels.
She invested in public companies like Apple, as well as hundreds of private biotech firms.
Her Seedlings Foundation, which is one of the top-giving foundations in the state, supports the physical and mental health of children.
No. 184 nationally, No. 4 in CT: Todd Boehly, of Darien, is worth $5.3 billion. He co-founded the holding company Eldridge, after building Guggenheim Partners' credit business.
Boehly, who holds a stake in the Los Angeles Lakers and Dodgers, has grown Eldridge into a diverse conglomerate with investments including Bruce Springsteen's song rights.
There was no information available regarding his philanthropic giving.
No. 296 nationally, No. 5 in CT: Brad Jacobs, of Greenwich, is worth $3.8 billion. Most of Jacobs' fortune comes from XPO Logistics, a commercial trucking company.
Jacobs created the company in 2011 and serves as its chairman.
He also built United Rentals into the biggest heavy equipment rental company in the world.
No information was available regarding his philanthropic endeavors.
No. 310 nationally, No. 6 in CT: Stephen Mandel, of Greenwich, is worth $3.6 billion. He started his hedge fund firm, Lone Pine Capital, in 1997.
Mandel stepped down from managing investments in January 2019 but remains a managing director.
He is a large donor to charter schools and sits on the board of directors of Teach for America.
Click here to read the entire Forbes story.
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