December 5, 2023


There are seven Bay Staters on the Forbes 400 checklist this 12 months, and three are a part of the Johnson household, whose members based and run Constancy Investments.

Forbes journal launched its annual checklist of the 400 richest individuals in america this week, and this 12 months seven of them stay in Massachusetts.

All seven Bay Staters who made the checklist elevated their wealth previously 12 months. Based on Forbes, the nation’s super-rich misplaced a collective $500 billion in 2022.

General, it appears 2023 has been a windfall 12 months for America’s wealthiest. Collectively, Forbes reported, they’re price $4.5 trillion, tying a file set in 2021. The journal credited “rebounding know-how shares” for his or her monetary success.

Forbes says in figuring out internet price, it considers all varieties of belongings, together with stakes in private and non-private firms, actual property, excessive worth possessions, and extra.

1. Abigail Johnson, age 61, $25.5 billion

Abigail Johnson, chairman and chief govt officer of Constancy Investments, in 2022. – Barry Chin/The Boston Globe

Abigail Johnson, the CEO of Boston’s Constancy Investments, was topped the richest individual in Massachusetts on this 12 months’s Forbes checklist. She is the twenty ninth richest individual within the U.S., based on the journal. 

Johnson owns an estimated 28.5% of the agency and is the granddaughter of Edward Johnson, II, who based Constancy in 1946, Forbes reported.

The CEO has “embraced cryptocurrencies,” based on Forbes. She obtained her begin working at Constancy when house from faculty throughout summers, and joined as a full-time analyst in 1988. 

The CEO lives in Milton and is married with two youngsters, based on Forbes. She has a grasp’s diploma in enterprise administration from Harvard Enterprise College.

2. Robert Kraft, age 82, $11.1 billion

New England Patriots proprietor Robert Kraft in July 2023. – Bruce Kluckhohn/AP Picture

Robert Kraft is the CEO of Kraft Group and the proprietor of the New England Patriots since 1994. Based on Forbes, he’s the 62nd wealthiest individual within the U.S. 

Kraft has a grasp’s in enterprise administration from Harvard Enterprise College and a bachelor’s diploma from Columbia College, Forbes reported. Along with the Patriots, he additionally owns the New England Revolution skilled soccer crew.

The CEO lives in Brookline and has 4 youngsters. 

3. Edward Johnson, IV, age 58, $10.6 billion

One other grandchild of Constancy Investments founder Edward Johnson II, Edward Johnson, IV is present Constancy CEO Abigail Johnson’s brother. Based on Forbes, he’s the sixty fourth richest individual within the U.S. 

Johnson is the president of Pembroke Actual Property, which is owned by FMR, Constancy’s mum or dad firm. He lives in Boston and has a bachelor’s diploma from Northeastern College, Forbes reported. 

4. Elizabeth Johnson, age 60, $8.7 billion

One other member of the Johnson household, Elizabeth Johnson, can also be a grandchild of Edward Johnson, II and is Abigail Johnson’s sister. She is the 99th wealthiest individual within the U.S., based on Forbes. 

In 2013, Johnson based a Florida-based present horse secure referred to as Louisburg Farm. She lives in Boston and has a bachelor’s diploma from New Hampshire’s Franklin Pierce College, Forbes reported. 

5. Robert Hale Jr., age 57, $5.4 billion

Robert Hale Jr., CEO of Granite Telecommunications, in 2017. – Jonathan Wiggs/The Boston Globe

Robert Hale Jr., CEO of Granite Telecommunications, based the corporate in 2002, based on Forbes. He’s the 203rd richest individual within the U.S.

Hale based Granite lower than six months after his earlier firm, Community Plus,  filed for chapter, Forbes reported. Granite boasted over $1.8 billion in gross sales in 2022, and claims that greater than two thirds of the 100 largest firms within the U.S. are shoppers.

The CEO has donated greater than $270 million to most cancers researchers, academic establishments, and different charitable causes, based on Forbes. He’s married, lives in Boston, and has a bachelor’s diploma from Connecticut School. 

6. Jim Davis & household, age 80, $5.1 billion

Former Gov. Charlie Baker, proper, with Jim Davis, the chairman of New Stability, in 2022. – Matthew Lee/The Boston Globe

Jim Davis, chairman of New Stability, purchased the Boston shoe firm in 1972 and turned it right into a powerhouse, with yearly gross sales within the billions, Forbes reported. He and his household took the 215th slot within the journal’s checklist of the wealthiest individuals within the U.S. 

Davis’s spouse Anna joined the corporate in 1977 and is now the vice chairman. New Stability remains to be a privately held firm, and the Davis household owns 95%, based on Forbes. 

Davis has two youngsters, lives in Newton, and has a bachelor’s diploma from Vermont’s Middlebury School.  

7. Amos Hostetter Jr., age 86, $3.5 billion

Amos Hostetter Jr. circa 2000. – Handout
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Amos Hostetter Jr. made his fortune as a pioneer in cable tv within the Nineteen Nineties, based on Forbes. He’s the 326th richest individual within the U.S.

Within the Sixties when Hostetter obtained his begin, he had little in addition to a grasp’s diploma in enterprise administration from Harvard College, Forbes reported. He invested in a cable TV firm that finally turned Continental Cablevision, and in 1996, he bought it for $11 billion. 

Hostetter presently leads Pilot Home Ventures, an early-stage funding agency, based on Forbes. He has a bachelor’s diploma from Amherst School and a grasp’s in enterprise administration from Harvard College. 

He lives in Boston and is married with three youngsters.