Massachusetts’ 50 richest residents, including 30 billionaires, have a combined wealth of $118 billion, according to a new ranking by venture capital and private equity database firm Massinvestor Inc.
Casino mogul and Dorchester native Sheldon Adelson, who maintains a home in Newton through a trust in his attorney’s name and supports various local charities, topped the list with a minimum net worth of $26.4 billion, according to research by the Winchester company.
Fidelity Investments chief executive Abigail Johnson ranked second, with $15.2 billion.
While Forbes and other publications routinely track the country’s richest people, there are few such rankings within individual states that drill down beyond the biggest nationally recognized names.
Massinvestor hopes to sell its “AffluenceIQ” database of Bay State billionaires and millionaires — which includes their contact information — to local marketers, wealth managers, and nonprofits looking for their next big donor.
Massinvestor said its numbers are not a precise measure of each person’s net worth, but a “minimum.” Its researchers compiled the data from regulatory disclosures, news reports, and other public sources. In general, the company said it included people who live or maintain a residence in the state; it excluded those who primarily live elsewhere and only have vacation homes in Massachusetts, unless the person had other unusually strong ties to the area.
The full list also includes area car magnates Herb Chambers and Ernie Boch Jr., along with Shari Redstone, who has been in the news recently as she fights for control of her father’s vast empire. Here’s a peek at the top 25:
|Rank||First Name||Last Name||Birth Year||Wealth Estimate||Company||Title||Sector/Wealth Source|
|1||Sheldon||Adelson||1933||$26,400,000,000||Las Vegas Sands Corp.||CEO||Hospitality, Travel|
|2||Abigail||Johnson||1961||$15,200,000,000||Fidelity Investments||CEO||Financial Services|
|3||Edward||Johnson III||1930||$8,500,000,000||Fidelity Investments||Chairman||Financial Services|
|4||John||Grayken||1956||$6,300,000,000||Lone Star Funds||CEO||Private Equity|
|5||Robert||Kraft||1941||$4,800,000,000||Kraft Group||CEO||Manufacturing, Sports|
|6||James||Davis||1943||$4,700,000,000||New Balance Athletic Shoe Inc.||Former CEO||Footwear, Apparel|
|7||Amos||Hostetter||1937||$3,100,000,000||Continental Cablevision||Former CEO||Cable TV|
|10||Edward||Johnson IV||1957||$2,500,000,000||Pembroke Real Estate||President||Real Estate, Construction|
|11||Peter||Nicholas||1941||$2,300,000,000||Boston Scientific Corp.||Former Chairman||Medical Device|
|12||John||Henry II||1949||$2,200,000,000||Fenway Sports Group||CEO||Sports, Entertainment|
|13||Herbert||Chambers||1941||$1,750,000,000||Herb Chambers Cos.||CEO||Cars, Distribution|
|14||Phillip||Ragon||1949||$1,700,000,000||InterSystems Corp.||CEO||Software, Internet|
|15||John||Abele||1937||$1,500,000,000||Boston Scientific Corp.||Founder||Medical Device|
|16||Joyce||Linde||1943||$1,500,000,000||Boston Properties Inc.||Inheritance|
|17||Gerald||Chan||1951||$1,475,000,000||Morningside Group||Cofounder||Real Estate, Construction|
|18||Seth||Klarman||1957||$1,470,000,000||Baupost Group||Founder||Financial Services|
|19||Stephen||Karp||1941||$1,250,000,000||New England Development Co.||CEO||Real Estate, Construction|
|20||John||Childs||1942||$1,200,000,000||J.W. Childs Associates, L.P.||Founder||Venture Capital, Private Equity|
|22||John||Manning||1949||$1,200,000,000||Boston Capital||CEO||Real Estate, Construction|
|23||Roger||Marino||1938||$1,200,000,000||EMC Corp.||Former President||Storage Hardware|
|25||Theodore||Alfond||1946||$1,100,000,000||Dexter Shoe Co.||Former Executive||Footwear, Apparel|