4 Newton Residents Make 50 Richest in MA
Here’s a look at the top 10 richest in the Bay State. For the list of the top 50, visit the AffluenceIQ database. The first 30 are billionaires.
Newton residents include #1, #6, #17, and #35.
1) Sheldon G. Adelson, 83, Newton.
Net worth: $26.4 billion
Born poor in Boston, Adelson is a casino mogul and right wing political backer. Adelson maintains a $5M residence in Newton.
2) Abigail P. Johnson, 55, Milton.
Net worth: $15.2 billion
CEO of Fidelity Investments. Daughter of #3, Edward C. Johnson III.
3) Edward C. Johnson III, 86, Nahant.
Net worth: $8.5 billion
Chairman of Fidelity Investments which his father founded.
4) John P. Grayken, 60, Cohasset
Net worth: $6.3 billion
Founder of Lone Star.
5) Robert K. Kraft, 75, Brookline
Net worth: $4.8 billion
Owner of New England Patriots, CEO of The Kraft Group which is a diversified holding company with assets in paper and packaging, sports, real estate, and private equity.
6) James S. Davis, 73, Newton
Net worth: $4.7 billion
Chairman of running shoe-maker New Balance, which sports more than $3B in sales. The son of Greek immigrants, Davis bought New Balance in 1972 for $10,000.
7) Amos B. Hostetter, 79, Boston
Net worth: $3.1 billion
Founder and CEO of Continental Cablevision.
8) William I. Koch, 76, Osterville
Net worth: $2.8 billion
Businessman. Koch is a brother to right wingers Charles & David.
9) Edward C. Johnson IV, 59, Boston
Net worth: $2.5 billion
President of Pembroke Real Estate.
10) Elizabeth L. Johnson, 51, Osterville
Net worth: $2.5 billion
Fidelity heiress.
11) Peter M. Nicholas, 75, Boston
Net worth: $2.3 billion
Co-founded medical device firm Boston Scientific in 1979 with partner John Abele. He is married to a great-great-granddaughter of Eli Lilly.
17) Gerald Chan, 65, Newton
Net worth: $1.5 billion
Chan runs one of China’s commercial real estate giants, Hang Lung Group, now buying up big chunks of Harvard Sq. Drives a used Volkswagen Passat.
35) C. James Koch, 67, Newton
Net worth: $850 million
Son of a Cincinnati brewmaster, Koch founded Boston Beer in 1984 with $250K. Distributes Sam Adams beers along with Twisted Tea and Angry Orchard Cider.
Photo courtesy of Pictures of Money via Flickr
