Richest billionaires in Massachusetts

Written by:
July 1, 2022
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Richest billionaires in Massachusetts

The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. Fast forward some 100 years to 2021: as the COVID-19 pandemic continued to rage, a record-breaking 660 people became billionaires globally, growing the previous year’s number by 30%. While the U.S. is home to the most billionaires out of any other country, Americans are somewhat split in their feelings on the billionaire class. According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans view the ultra-rich—as a group rather than as individuals—negatively. Meanwhile, Amazon CEO Jeff Bezos is projected to become the world’s first trillionaire by 2026.

The U.S.’s wealthiest billionaires are mostly concentrated within just a couple of industries: finance and investments, and technology. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Stacker compiled a list of the richest billionaires that are residents of Massachusetts, using data from Forbes. Billionaires are ranked by net worth as of June 30. Forbes lists 21 billionaires in Massachusetts.

#20. Patrizio Vinciarelli
- Net worth: $1.2 billion (#2,254 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: electronic components, Self Made

#19. Jim Koch
- Net worth: $1.5 billion (#1,946 wealthiest in the world)
- Residence: Newton, Massachusetts
- Source of wealth: beer, Self Made

#18. Seth Klarman
- Net worth: $1.5 billion (#1,897 wealthiest in the world)
- Residence: Chestnut Hill, Massachusetts
- Source of wealth: investments, Self Made

#17. Phillip T. (Terry) Ragon
- Net worth: $1.6 billion (#1,799 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: health IT, Self Made

#16. Robert Langer
- Net worth: $1.7 billion (#1,731 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: biotech, Self Made

#15. Noubar Afeyan
- Net worth: $1.7 billion (#1,720 wealthiest in the world)
- Residence: Lexington, Massachusetts
- Source of wealth: biotech, Self Made

#14. Herb Chambers
- Net worth: $1.9 billion (#1,574 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: car dealerships, Self Made

#13. Alan Trefler
- Net worth: $1.9 billion (#1,553 wealthiest in the world)
- Residence: Brookline, Massachusetts
- Source of wealth: software, Self Made

#12. Timothy Springer
- Net worth: $2.1 billion (#1,451 wealthiest in the world)
- Residence: Chestnut Hill, Massachusetts
- Source of wealth: biotech, Self Made

#11. Frank Laukien
- Net worth: $2.3 billion (#1,266 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: scientific equipment

#10. Bill Alfond
- Net worth: $2.4 billion (#1,240 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: shoes

#9. Ted Alfond
- Net worth: $2.4 billion (#1,240 wealthiest in the world)
- Residence: Weston, Massachusetts
- Source of wealth: shoes

#8. Robert Hale Jr
- Net worth: $3.2 billion (#928 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: telecom, Self Made

#7. Amos Hostetter Jr
- Net worth: $3.7 billion (#771 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: cable television, Self Made

#6. Jim Davis & family
- Net worth: $4.5 billion (#608 wealthiest in the world)
- Residence: Newton, Massachusetts
- Source of wealth: New Balance, Self Made

#5. Elizabeth Johnson
- Net worth: $4.6 billion (#586 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: money management

#4. Stéphane Bancel
- Net worth: $4.8 billion (#548 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: biotech, vaccines, Self Made

#3. Edward Johnson IV
- Net worth: $5.7 billion (#437 wealthiest in the world)
- Residence: Boston, Massachusetts
- Source of wealth: money management

#2. Robert Kraft
- Net worth: $8.3 billion (#240 wealthiest in the world)
- Residence: Brookline, Massachusetts
- Source of wealth: New England Patriots, Self Made

#1. Abigail Johnson
- Net worth: $18.6 billion (#83 wealthiest in the world)
- Residence: Milton, Massachusetts
- Source of wealth: money management

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