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Brad Jacobs

Business
6 CT Billionaires Land On Forbes Wealthiest Americans List; Richest Entry Tumbles 4 Spots 6 CT Billionaires Land On Forbes Wealthiest Americans List; Richest Entry Tumbles 4 Spots
6 CT Billionaires Land On Forbes Wealthiest Americans List; Richest Entry Tumbles 4 Spots Forbes has released its annual list of the wealthiest Americans, and six business moguls from Connecticut have the honor and the cash to make an appearance. Topping the list are the usual suspects: Elon Musk, Larry Ellison, Mark Zuckerberg, Jeff Bezos, and Larry Page — a quintet whose combined $1.37 trillion fortune equals nearly a fifth of the entire $6.75 trillion U.S. budget. But Connecticut has its own recognizable names featured on the Forbes richest list. The state's wealthiest man, Greenwich's Steve Cohen, who runs Point72 Asset Management in Stamford and owns the New York Mets, fel…

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by Josh Lanier
Business
Greenwich Hedge Fund Manager Named One Of America's Richest People; 4 More In CT Make List Greenwich Hedge Fund Manager Named One Of America's Richest People; 4 More In CT Make List
Greenwich Hedge Fund Manager Named One Of America's Richest People; 4 More In CT Make List Forbes released its annual list of the nation's 400 richest Americans this week, and a Connecticut hedge fund manager ranked among the top 40. In all, five billionaires call the Nutmeg State home.  Steve Cohen, who runs Point72 Asset Management headquartered in Stamford, was ranked 39th among the richest Americans, and the richest person in Connecticut.  According to Forbes, the 68-year-old Greenwich resident is worth an estimated $21.3 billion, a massive increase from when he was worth $13.6 million in 2019.   Cohen purchased the New York Mets in 2020.  Related:…

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by Josh Lanier
News
6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home 6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home
6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home As Forbes released its 2023 World's Richest 400 People, a look at the numbers shows that even the billionaires of the world are feeling the pinch of falling stocks and rising interest rates. The same goes for Connecticut where six billionaires made the list, including one who fell off last year's list only to return this year when another, Stephen Mandel Jr. of Greenwich, didn't meet the required cutoff of $2.9 billion in money.  So who are the richest in the state that can rub elbows with the high and mighty? This year's six include top-ranked from the richest in America:  No. …

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by Kathy Reakes
Lifestyle
Brand-New Forbes Rankings Reveal Richest CT Residents Brand-New Forbes Rankings Reveal Richest CT Residents
Brand-New Forbes Rankings Reveal Richest CT Residents The old saying the rich get richer isn't true this year according to Forbes which just came out with their top 400 wealthiest people in the country for 2022. 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 t…

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by Kathy Reakes
Lifestyle
These CT Residents Rank Highest On New Forbes Richest People List These CT Residents Rank Highest On New Forbes Richest People List
These CT Residents Rank Highest On New Forbes Richest People List A group of Connecticut businessmen and women are among the wealthiest in the country, according to the latest Forbes ranking. The global media company released the Forbes 400 of 2021, which includes several familiar faces to Connecticut residents highlighted by hedge fund mastermind Ray Dalio. Each year, Forbes runs the numbers to determine the wealthiest residents in each of the 50 states, including more than 750 candidates who were whittled down to the top 400 wealthiest Americans. According to Forbes, their reporters interviewed employees, handlers, peers, rivals, and attorneys whi…

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by Zak Failla