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 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 who are residents of New York, using data from Forbes. Billionaires are ranked by net worth as of March 24. Forbes lists 113 billionaires in New York.
#20. David Siegel
- Net worth: $6.8 billion (#344 wealthiest in the world)
- Residence: Scarsdale
- Source of wealth: hedge funds, self made
#19. Philippe Laffont
- Net worth: $6.9 billion (#339 wealthiest in the world)
- Residence: New York
- Source of wealth: hedge fund, self made
#18. Ralph Lauren
- Net worth: $7.0 billion (#323 wealthiest in the world)
- Residence: New York
- Source of wealth: apparel, self made
#17. Don Vultaggio & family
- Net worth: $7.0 billion (#320 wealthiest in the world)
- Residence: Port Washington
- Source of wealth: beverages, self made
#16. Henry Kravis
- Net worth: $7.5 billion (#294 wealthiest in the world)
- Residence: New York
- Source of wealth: private equity, self made
#15. Leonard Stern
- Net worth: $7.6 billion (#286 wealthiest in the world)
- Residence: New York
- Source of wealth: real estate
#14. Ramzi Musallam
- Net worth: $7.9 billion (#271 wealthiest in the world)
- Residence: New York
- Source of wealth: private equity, self made
#13. David Shaw
- Net worth: $7.9 billion (#268 wealthiest in the world)
- Residence: New York
- Source of wealth: hedge funds, self made
#12. Leon Black
- Net worth: $8.4 billion (#239 wealthiest in the world)
- Residence: New York
- Source of wealth: private equity, self made
#11. Chase Coleman III
- Net worth: $8.5 billion (#229 wealthiest in the world)
- Residence: New York
- Source of wealth: investments, self made
#10. Valerie Mars
- Net worth: $9.6 billion (#190 wealthiest in the world)
- Residence: New York
- Source of wealth: candy, pet food
#9. Donald Newhouse
- Net worth: $10.8 billion (#161 wealthiest in the world)
- Residence: New York
- Source of wealth: media
#8. Israel Englander
- Net worth: $11.3 billion (#156 wealthiest in the world)
- Residence: New York
- Source of wealth: hedge funds, self made
#7. Stephen Ross
- Net worth: $11.6 billion (#145 wealthiest in the world)
- Residence: New York
- Source of wealth: real estate, self made
#6. Rupert Murdoch & family
- Net worth: $17.1 billion (#95 wealthiest in the world)
- Residence: New York
- Source of wealth: newspapers, TV network
#5. Leonard Lauder
- Net worth: $21.4 billion (#76 wealthiest in the world)
- Residence: New York
- Source of wealth: Estee Lauder
#4. Stephen Schwarzman
- Net worth: $27.5 billion (#49 wealthiest in the world)
- Residence: New York
- Source of wealth: investments, self made
#3. Jim Simons
- Net worth: $28.1 billion (#47 wealthiest in the world)
- Residence: East Setauket
- Source of wealth: hedge funds, self made
#2. Julia Koch & family
- Net worth: $59.0 billion (#19 wealthiest in the world)
- Residence: New York
- Source of wealth: Koch Industries
#1. Michael Bloomberg
- Net worth: $94.5 billion (#7 wealthiest in the world)
- Residence: New York
- Source of wealth: Bloomberg LP, self made
