Sports legend Magic Johnson reaches billionaire status
According to Forbes, sports legend Magic Johnson’s net worth has reached 1.2 billion dollars.
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Some people want to be billionaires. These people succeeded.
Forbes released their annual list of the world’s billionaires . Elon Musk and Jeff Bezos dominate the top of the list, but there are also some rising stars, such as icon Taylor Swift who made the list for the first time this year.
There are 26 more billionaires this year than in 2021, breaking the record for most billionaires in a given year, according to Forbes’ billionaire webpage.
There are 2,692 billionaires that are American citizens on the Forbes list. Included in those thousands are the 40 billionaires that live in New England. But there’s only one in New Hampshire.
New Hampshire’s one billionaire
Rick Cohen is owner and executive chairman of C&S Wholesale Grocers, the nation’s largest grocery wholesaler, according to Forbes, which put his worth a $19.2 billion as of April 12, 2024. However, much of his wealth comes from his other title, the chairman and CEO of Symbotic, a warehouse company that has a lucrative “partnership with Walmart to automate its 42 regional distribution centers,” Forbes said.
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The companies were launched by Cohen’s grandfather, according to Forbes.
Cohen lives in Keene, and was born in Worcester, Mass.
Maine’s only billionaire
Susan Alfond, who lives in Scarborough, inherited her fortune.
“Her father Harold Alfond, bought an old mill in Maine in 1958 and turned it into a shoemaker that sold millions of boots and casual shoes,” Forbes said. “In 1993 Harold sold the company to Warren Buffett’s Berkshire Hathaway for $420 million of stock; the shares are worth billions of dollars now.”
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Alfond is worth $3.1 billion as of April 12, 2024, according to Forbes.
Billionaires in Massachusetts
Abigail Johnson, CEO of Fidelity Investments; $29 billion
Edward Johnson IV, brother of Fidelity CEO; $11.8 billion
Robert Kraft, owner of the New England Patriots; $11.1 billion
Elizabeth Johnson, sister of Fidelity CEO; $9.9 billion
Jim Davis, chairman of New Balance; $5.9 billion
Robert Hale, Jr., CEO of Granite Telecommunications; $5.4 billion
Amos Hostetter, Jr., Chair of Pilot House Associates; $3.5 billion
Frank Laukien, CEO of Bruker Corp.; $3.4 billion
Ted Alfond, heir of Dexter Shoe Company fortune; $3.1 billion
Bill Alfond, heir of Dexter Shoe Company fortune; $3.1 billion
Phillip T. (Terry) Ragon, founder of InterSystems; $3 billion
Herb Chambers, New England car dealership mogul; $2.6 billion
Alan Trefler, CEO of Pegasystems; $2.6 billion
John Fish, CEO of Suffolk Construction; $2.3 billion
Liesel Pritzker Simmons, Hyatt Hotel heiress; $1.5 billion
Timothy Springer, founding investor of Moderna; $1.5 billion
Jim Koch, chairman of the Boston Beer Company, makers of Samuel Adams beer; $1.4 billion
Noubar Afeyan, chairman and co-founder of Moderna; $1.4 billion
Seth Klarman, CEO and president of Baupost Group; $1.3 billion
Paul Fireman, former chairman of Reebok; $1.3 billion
Robert Langer, lauded engineer and a founder of Moderna; $1.2 billion
Billionaires in Connecticut
Steve Cohen, founder of Point72 Asset Management; $19.8 billion
Ray Dalio, founder of Bridgewater Associates; $15.4 billion
Karen Pritzker, Marmon and Hyatt hotels heiress; $6.1 billion
Todd Boehly, co-founder of holding company Eldridge; $6.1 billion
Brad Jacobs, chairman of transportation logistics company XPO; $4.1 billion
Doug Ostrover, co-CEO of investment firm Blue Owl; $2.8 billion
Vincent McMahon, former professional wrestling magnate; $2.6 billion
Stephen Mandel, Jr., founder of Lone Pine Capital; $2.5 billion
William Stone, founder of SS&C Technologies; $2.4 billion
Alexandra Daitch, Cargill heiress; $2 billion
Lucy Stitzer, chair of investment company Waycrosse; $2 billion
Clifford Asness, co-founder of AQR Capital Management; $1.8 billion
Mario Gabelli, chairman of mutual fund and investment firm Gamco; $1.8 billion
Michael Rees, co-president of Blue Owl; $1.7 billion
Dharmesh Shah, co-founder and chief technological officer of HubSpot; $1 billion
Billionaires in Rhode Island
Jonathan Nelson, executive chairman of Providence Equity Partners; $3.4 billion
Billionaires in Vermont
John Abele, co-founder of Boston Scientific; $1.9 billion
Anyone bumped off the list since 2021? New England’s 40 resident billionaires in 2021
Rin Velasco is a trending reporter. She can be reached at rvelasco@gannett.com.
CONCORD – While Republican Gov. Kelly Ayotte has said she opposes increasing highway toll rates across the state, the Senate voted Thursday to increase rates for out-of-state license plate holders.
It now goes to the House for consideration.
This would be a $1 increase for those who have out of state plates going through the tolls at Hooksett, Hampton and Bedford for out-of-state plates, a 75 cent hike for those taking Hampton’s Exit 2 and on the Spaulding turnpike at Rochester, and a 50 cent hike for those taking the exit off I-93 to Hooksett.
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An analysis in the bill shows that this would increase toll revenue by $53.3 million in fiscal year 2027 and go up each year to generate $81.4 million a year in 2036.
Senate Bill 627 passed on a voice vote with two Republicans, Senators Regina Birdsell of Hampstead and William Gannon of Sandown opposing.
Senator Mark E. McConkey, R-Freedom, moved to take the bill off the table and offered an amendment. He said the last time there was a systemwide increase to the turnpike toll was 19 years ago.
“I am sure we could all agree the cost of operations…has continued to escalate when revenue is not rising with it,” and he noted that with an enterprise fund, the state can only spend what it takes in.
The state has just completed a 10-year highway plan and there was a $400 million shortfall in projects that could not be paid for under the current income.
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McConkey said the measure would not increase tolls for New Hampshire drivers with a state license plate.
“Why don’t we ask our neighbors,” to pay a toll increase. “We are getting the best of all worlds,” by passing the bill, he said, including “protecting our residents” and having resources for improvements to the turnpike system.
Sen. Gannon, R-Sandown, asked McConkey if there are any studies on impacts near the border on businesses.
If implemented, McConkey said the state will be the 27th lowest in per mile cost still. McConkey said the bill would also increase from seven to 14 days the amount of time for those with NH license plates to pay for a toll adding there are other states that also have different rates for out-of-state users.
The Hampton toll cost would go from $2 to $3, while Hooksett and Bedford would rise from $1 to $2 for out-of-state plates.
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New Hampshire currently has the lowest rate per mile among states with tolls roads. The governor said she does not support a toll increase.
“We are not going to put a burden on drivers for a toll increase,” Ayotte said. “Families are struggling.”
WILTON, N.H. (WHDH) – A woman died in a Wilton, New Hampshire, house fire Wednesday morning, according to the New Hampshire State Fire Marshal’s Office.
At 9:08 a.m., Wilton firefighters responded to Burns Hill Road after a caller said their home was filling up with smoke. When they arrived, a single-family home was on fire and they found out two people were still inside on the second floor.
A man and a woman were both taken out of the house by firefighters and taken to Elliott Hospital. The woman was pronounced dead and the man is in serious condition.
Officials have not released the name of the victim at this time.
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At this time, investigators are looking into the cause of the fire and are trying to determine if a power outage in the area played a factor. The fire is not currently considered suspicious.
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