Richest billionaires in New York

Written by:
September 7, 2022
Ralph Alswang/Center for American Progress // Flickr

Richest billionaires in New York

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 New York, using data from Forbes. Billionaires are ranked by net worth as of October 28. Forbes lists 129 billionaires in New York.

#20. Philippe Laffont
- Net worth: $6.9 billions (#316 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: hedge fund, Self Made

#19. Don Vultaggio & family
- Net worth: $7.1 billions (#299 wealthiest in the world)
- Residence: Port Washington, New York
- Source of wealth: beverages, Self Made

#18. Henry Kravis
- Net worth: $7.4 billions (#282 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: private equity, Self Made

#17. Leonard Stern
- Net worth: $7.6 billions (#264 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: real estate

#16. Ramzi Musallam
- Net worth: $7.9 billions (#248 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: private equity, Self Made

#15. David Shaw
- Net worth: $7.9 billions (#246 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: hedge funds, Self Made

#14. Leon Black
- Net worth: $8.2 billions (#224 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: private equity, Self Made

#13. Chase Coleman III
- Net worth: $8.5 billions (#215 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: investments, Self Made

#12. Valerie Mars
- Net worth: $9.3 billions (#188 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: candy, pet food

#11. Donald Newhouse
- Net worth: $11.0 billions (#157 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: media

#10. Israel Englander
- Net worth: $11.3 billions (#151 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: hedge funds, Self Made

#9. Stephen Ross
- Net worth: $11.6 billions (#146 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: real estate, Self Made

#8. Rupert Murdoch & family
- Net worth: $17.3 billions (#89 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: newspapers, TV network

#7. Leonard Lauder
- Net worth: $18.9 billions (#76 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: Estee Lauder

#6. Jim Simons
- Net worth: $28.1 billions (#43 wealthiest in the world)
- Residence: East Setauket, New York
- Source of wealth: hedge funds, Self Made

#5. Stephen Schwarzman
- Net worth: $29.1 billions (#40 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: investments, Self Made

#4. Alain Wertheimer
- Net worth: $30.1 billions (#36 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: Chanel

#3. Gerard Wertheimer
- Net worth: $30.1 billions (#36 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: Chanel

#2. Julia Koch & family
- Net worth: $57.0 billions (#20 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: Koch Industries

#1. Michael Bloomberg
- Net worth: $76.8 billions (#13 wealthiest in the world)
- Residence: New York, New York
- Source of wealth: Bloomberg LP, Self Made

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