9 PA Billionaires Make Forbes 400 Super Rich List
PENNSYLVANIA — Nine Pennsylvanians are among the 2022 Forbes 400, headlined by familiar faces.
Past and present owners of all four Philadelphia sports teams have made the cut, including former Philadelphia 76ers owner Michael Rubin, who sold his stake in the team in June and saw his net worth skyrocket.
But it was not Rubin who led the pack, but rather Jeff Yass, owner of the investment firm Susquehanna Group.
As a group, the net worth of super-rich Americans fell by $500 billion, or 11%, to $4 trillion, Forbes said. The Forbes list is based on September 2 stock prices.
In Pennsylvania, the richest people are:
- Jeff Yass (23rd nationally), owner of Susquehanna Group, TikTok investor, $30 billion
- Michael Rubin (62nd), CEO of Fanatics and former owner of the Philadelphia 76ers and New Jersey Devils, $10.2 billion
- Victoria Mars (69th), candy and animal feed, $9.3 billion
- Arthur Dantchik (104th), trading, $7.5 billion
- Philadelphia Eagles owner Jeffrey Lurie (241st), $4.4 billion
- Thomas Hagen (271st), insurance, $4 billion
- Mary Alice Dorrance Malone (285th), $3.9 billion
- John Middleton (327th), tobacco and owner of the Philadelphia Phillies, $3.4 billion
- Thomas Tull (369th), films and investments, $2.9 billion
For the first time since the Great Recession, the 400 richest Americans did not get richer this year, according to the , which includes 9 billionaires from Pennsylvania.
“The rich don’t always get richer,” said Chase Peterson-Withorn, associate editor of Forbes, noting that, like many Americans, the nation’s 400 richest people are feeling the brunt of the stock market downturn.
“But they are doing very well,” he said. As a group, they are $1 trillion richer than they were in 2019 before the COVID-19 pandemic began.
Elon Musk, who co-founded six companies including electric car maker Tesla and rocket producer Space X, topped the Realtime List of Super Rich Americans for the first time with a Realtime Net Worth Thursday of 263, $2 billion. That’s up from $251 billion on Sept. 2.
He unseated Amazon founder Jeff Bezos, who had topped the list for four years. Bezos’ real-time net worth is $141.4 billion, up from $151 billion when the list was compiled.
Facebook founder and Meta Platforms co-founder Mark Zuckerberg was knocked out of the top 10, ranking at No. 11, up from No. 3 last year. His real-time net worth on Thursday was $51.2 billion, up from $57.7 billion when the listing was released.
Forbes said Zuckerberg has lost more than half his fortune, $76.8 billion, since September 2021. No one on the Forbes 400 has lost more money in the past year than Zuckerberg, a said the financial media.
Former President Donald Trump returned to the list after dropping out of the rankings in 2021. Forbes lists his real-time net worth at $3.2 billion. Of note, Forbes noted, New York Attorney General Letitia James is suing Trump, three of his children, and the Trump Organization for $250 million, claiming they repeatedly and grossly inflated the value of his properties to obtain loans.
The other eight Top 10 billionaires and their real-time wealth on Thursday are:
No. 3: Bill Gates, founder of Microsoft and co-founder of the Bill and Melinda Gates Foundation, $103 billion.
#4: Larry Elison, founder and CTO of Oracle, $89.9 billion.
No. 5: Warren Buffett, CEO of Berkshire Hathaway, $95 billion.
No. 6: Larry Page, Google co-founder and board member, $86.6 billion.
No. 7: Sergey Brin, Google co-founder and board member, $83.1 billion.
No. 8: Steve Ballmer, owner of the Los Angeles Clippers, $78.8 billion.
No. 9: Michael Bloomberg, CEO of Bloomberg LP, $76.8 billion.
No. 10: Jim Walton, president and CEO of Arvest Bank Group Inc., $57.9 billion.