Business & Tech

Who Are the Richest People in Massachusetts?

Fidelity President and Milton resident Abigail Johnson is worth a staggering $17.2 billion, according to Forbes.

Fidelity President Abigail Johnson is the richest person living in Massachusetts, according to Forbes.

The Milton resident's wealth was estimated at a staggering $17.2 billion.

She was one of six Bay State residents listed on the Forbes 400, a list of the 400 richest people in America. Microsoft founder Bill Gates topped the list at $72 billion.

Here's the Massachusetts list, with hometowns listed in bold and excerpts from Forbes:

Abigail Johnson$17.2 billion, Milton
"The Harvard MBA joined the family mutual fund and investment business firm, Fidelity, 26 years ago ... The 52-year-old is widely expected to be the next CEO when her father retires."

Edward Johnson, $9.3 billion, Boston
"Edward Johnson III is the chairman and CEO of Fidelity Investments. His father founded the Boston-based firm in 1946 and today it is the second-largest mutual fund company (behind Vanguard) in the U.S."

Jim Davis, $3.1 billion, Newton
"Jim Davis bought New Balance on the day of the Boston Marathon in 1972. In the past 40 years, the company has expanded beyond running shoes into clothing and equipment for soccer, field hockey and lacrosse. New Balance is the only large athletic shoe company still manufacturing in the U.S."

Amos Hostetter, $2.9 billion, Boston
"In 1963, Amos Hostetter invested $4,000 in a cable company that would eventually become Continental Cablevision, the largest privately-held cable company in the country ... He now owns Boston's Lewis Wharf, home to Pilot House Ventures, his early-stage investment vehicle, and invests in cable and broadband operations and real estate."

Robert Kraft, $2.9 billion, Brookline
"Robert Kraft's New England Patriots have dominated in recent years, putting together nine straight seasons with at least 10 wins ... The Patriots, which he bought in 1995 for $172 million, are now worth a new high of $1.8 billion. Meanwhile his Kraft Group paper business has sales of over $2 billion."

Phillip Ragon, $1.5 billion, Boston
"Phillip Ragon, known as Terry, founded Cambridge, MA-based InterSystems in 1978 and built it into a $463 million (2013 revenues) company, selling databases and other software tools."


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