Massachusetts is home to billionaires and some of the richest people in America (and the world).
These billionaires acquired their fortunes in various ways- Jim Davis started out as a little Boston shoemaker which grew into New Balance, and the Johnson siblings inherited their fortune from their grandfather who founded Fidelity Investments.
Here are the 7 richest people in Massachusetts. The information presented in this article is based on the Billionaires List from Forbes (rankings as of 1/20/23).
Where Does the Richest Billionaire in Massachusetts Live?
The richest billionaire in Massachusetts, Abigail Johnson, lives in Milton, MA.
Milton is an upscale suburb of Boston.
7 Richest Billionaires in Massachusetts
1. Abigail Johnson
Abigail Johnson is the richest person in Massachusetts. A resident of Milton, MA, Abigail Johnson is worth $21.1 billion.
Abigail is the CEO of Fidelity Investments. Her grandfather founded Fidelity Investments.
She is the 75th richest person in the world.
| Net Worth | $21.1 billion |
| Source of Wealth | Fidelity Investments |
| Age | 61 |
| Residence | Milton, MA |
| World Rank | 75th Richest Person in the World |
2. Robert Kraft
Robert Kraft is the second richest person in Massachusetts. A resident of Brookline, MA, Robert Kraft is worth $10.6 billion.
Robert Kraft made his fortune from Paper and Packaging. He owns New England Patriots.
He is the 169th richest person in the world.
| Net Worth | $10.6 billion |
| Source of Wealth | Paper and Packaging, New England Patriots |
| Age | 81 |
| Residence | Brookline, MA |
| World Rank | 169th Richest Person in the World |
3. Edward Johnson IV
Edward Johnson IV is the third richest person in Massachusetts. A resident of Boston, MA, Edward Johnson IV is worth $6.7 billion.
Similar to his sister Abigail Johnson, Edward inherited his fortune from his grandfather who founded Fidelity Investments.
He is the 364th richest person in the world.
| Net Worth | $6.7 billion |
| Source of Wealth | Fidelity Investments |
| Age | 57 |
| Residence | Boston, MA |
| World Rank | 364th Richest Person in the World |
4. Elizabeth Johnson
Elizabeth Johnson is the third richest person in Massachusetts. A resident of Boston, MA, Elizabeth Johnson is worth $5.2 billion.
Similar to her siblings Abigail and Edward, Elizabeth inherited her fortune from her grandfather, the founder of Fidelity Investments.
She is the 508th richest person in the world.
| Net Worth | $5.2 billion |
| Source of Wealth | Fidelity Investments |
| Age | 59 |
| Residence | Boston, MA |
| World Rank | 508th Richest Person in the World |
5. Robert Hale Jr.
Robert Hale Jr. is the fifth richest person in Massachusetts. A resident of Boston, MA, Robert Hale Jr. is worth $5 billion.
Robert made his fortune from telecom.
He is the 542nd richest person in the world.
| Net Worth | $5 billion |
| Source of Wealth | Telecom |
| Age | 56 |
| Residence | Boston, MA |
| World Rank | 542nd Richest Person in the World |
6. Jim Davis and Family
Jim Davis and his family are one of the wealthiest families in Massachusetts. Residents of Newton, MA, Jim Davis and his family are worth $5 billion.
Jim is a self-made billionaire making his fortune from New Balance. Jim and his family own approximately 95% of New Balance.
Jim Davis and his family are ranked as the 541st richest person in the world.
| Net Worth | $5 billion |
| Source of Wealth | New Balance |
| Age | 79 |
| Residence | Newton, MA |
| World Rank | 541st Richest Person in the World |
7. Amos Hostetter Jr.
Amos Hostetter Jr. is the seventh richest person in Massachusetts. A resident of Boston, MA, Amos Hostetter Jr. is worth $3.4 billion.
Amos made his fortune from cable TV.
He is the 847th richest person in the world.
| Net Worth | $3.4 billion |
| Source of Wealth | Cable TV |
| Age | 85 |
| Residence | Boston, MA |
| World Rank | 847th Richest Person in the World |
You May Also Be Interested in these articles:
Boston’s Best: Inside the Most Expensive Suburbs in Boston
Wealthiest Towns in Connecticut
Wealthiest Towns in the New York Suburbs
What are the Highest Paying Jobs in Massachusetts? (and lowest paying jobs)
6 Jobs That Pay Over $100K a Year without a Degree in Massachusetts (video)
7 Richest People in Massachusetts
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