Their rankings were taken from the national list, and their net worth is based, in part, on stock prices recorded July 24. Here are the billionaires with strong ties to Palm Beach on the latest Forbes 400. On that list of 2,095 names, the Daily News identified 43 billionaires with residential ties to Palm Beach. In April, Forbes released its annual list of the world's billionaires, each with an estimated net worth of at least $1 billion. Palm Beach has more than 35 residents who qualify as billionaires. Dolan with Chase Peterson-Withorn and Jennifer Wang.į continually updates the rankings in real time to reflect changes as the value of the billionaires' stock holdings, investments and other assets change. The Forbes 400 rankings reflect a “snapshot” of net worth as estimated July 24, based on that day's stock prices and other criteria, according to the Forbes story, which was edited by Kerry A. Yet “aided by a stock market that has defied the virus,” Forbes said, many of the country’s richest have gotten richer. That increase, Forbes noted, occurred during a period that included the health crises and economic turmoil wrought by coronavirus pandemic. list is $3.2 trillion, a hike of $240 billion from 2019, according to Forbes. The total wealth reported on this year’s U.S. In the latest Forbes 400, Perelman’s wealth is listed at $6.2 billion. Leveraged-buyout tycoon Ron Perelman is no longer on the Palm Beach list, having signed the deed earlier this year to sell an oceanfront house owned by his late parents on the North End of town. More: Redesigned Palm Beach beach house finally wins board's OK Bezos, meanwhile, is said to own no property in Palm Beach County. 2 on this year's overall list with a net worth estimated at $111 billion. Gates, who owns property in Wellington, was ranked No. In 2018, Bezos moved Microsoft founder Bill Gates, who had dominated the national list for 24 years, out of the top spot. 1 spot overall on the Forbes 400, with a net worth of $179 billion. New to the Palm Beach list are discount brokerage pioneer Charles Schwab, real estate mogul Neil Bluhm and Quicken Loans co-founder Daniel Gilbert.įor the third consecutive year, founder and CEO Jeff Bezos took the No. Palm Beachers this year saw three Forbes 400 billionaires become their neighbors, thanks to real estate deals on the island. Last year, Charles Koch tied in 13th place - with an estimated net worth of $41 billion - with his brother's widow and her family. Charles Koch does not have a home in Palm Beach. >Most Palm Beach billionaires on 2019 Forbes 400 list got richer Koch is the widow of industrialist David Koch, who died in August 2019, leaving his fortune to his wife and three sons. His brother, Charles Koch, with whom David Koch ran Koch Industries, is tied in 15th place with Julia Koch and her family on the overall Forbes 400. Leading the Palm Beach rankings were Julia Koch “and family,” who have an estimated net worth of $45 billion. The entry threshold for this year’s Forbes 400 was $2.1 billion, according to the story accompanying the list, which was released Sept. The president last fall filed a notice at the Palm Beach County Courthouse to change his primary residence from New York City to Palm Beach, where he has a home at The Mar-a-Lago Club, his winter White House. More: Biden campaign review lays out plan to beat Trump in Florida Trump’s ranking on this year’s list also dropped. Trump’s fortune clocked in at $2.5 billion, down from the $3.1 billion Forbes attributed to him last year, when the Forbes 400 was published in early October. The Palm Beachers on the list have a combined net worth of $261.8 billion, according to the Forbes data. (The entire list of the residents on the Forbes 400 is at the end of this article.) The billionaires on the Daily News' list either have homes, own property or frequently lease a residence on the island. In all, there are at least 35 Palm Beach billionaires who found themselves on the 39th annual Forbes 400 - two more than last year. President Donald Trump joined 15 other billionaires with residential ties to Palm Beach who saw their fortunes drop over the last year, according to a Palm Beach Daily News analysis of the latest Forbes 400 list, which annually ranks the nation’s wealthiest residents.Īnother 13 Palm Beach billionaires saw their estimated net worth rise, while the wealth of six others with ties to the island remained unchanged.
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