Connecticut
13 Billionaires In CT Among Richest Americans: New Forbes List
CONNECTICUT — Billionaire financier and NY Mets owner Steve Cohen is the wealthiest person in Connecticut, according to Forbes annual ranking of the world’s super rich. He moves into the top spot from his 2023 position in second place.
Cohen runs Point72 Asset Management, a $30.6 billion hedge fund firm that started managing outside capital in 2018. Prior to then, he ran SAC Capital, one of the most successful hedge funds ever.
In 2020, Cohen purchased the NY Mets for $2.4 billion, the highest price ever paid for an MLB team, according to Forbes. His art collection alone is worth around a billion dollars.
Find out what’s happening in Across Connecticutwith free, real-time updates from Patch.
Overall, the 400 richest billionaires in America have more wealth than a year ago, and there are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021, Forbes said. Those on the list are worth a total of $14.2 trillion, up by $2 trillion from 2023.
These are Connecticut’s billionaires, their worth, age, industry and standing in the global wealth rankings, according to Forbes :
Find out what’s happening in Across Connecticutwith free, real-time updates from Patch.
No. 97 Steve Cohen, 67, of Greenwich, $19.8 billion
No. 124 Ray Dalio, 74, of Greenwich, $15.4 billion
No. 477 Karen Pritzker, 66, of Branford, $6.1 billion
No. 477 Todd Boehly, 50, of Darien, $6.1 billion
No. 775 Brad Jacobs, 67, of Greenwich, $4.1 billion
No. 1,187 Douglas Ostrover, 61, of Greenwich, $2.8 billion
No. 1,286 Vince McMahon, 78, of Greenwich, $2.6 billion
No. 1,330 Stephen Mandel Jr., 68, of Greenwich, 2.5 billion
No. 1,623 Alexandra Daitch, 61, of Old Lyme, $2 billion
No. 1,623 Lucy Stitzer, 64, of Greenwich, $2 billion
No. 1,764 Clifford Asness, 57, of Greenwich, $1.8 billion
No. 1,764 Mario Gabelli, 82, of Greenwich, $1.8 billion:
No. 1,851 Michael Rees, 49, of New Canaan, $1.7 billion
Forbes now lists former Connecticut billionaires Andreas Halvorsen ($7.2 billion) and Alex Behring ($6.3 billion) as living in Norway and Brazil, respectively.
Nearly all of Connecticut’s super rich got that way from working in the finance and investments field. Notable exceptions are wrestling mogul McMahon, Cargill heiresses Daitch and Stitzer, and Jacobs, who made his mint in logistics.
Leading the 2024 global wealth list is French businessman Bernard Arnault, the head of luxury goods giant LVMH, with a value of $233 billion. He’s $38 billion richer than the world’s No. 2, Tesla, SpaceX and X honcho Elon Musk, who is worth an estimated $195 billion.
Forbes says Musk is the richest U.S. resident, followed by Amazon founder Jeff Bezos, who owns The Washington Post, as well, according to Forbes’ list of The World’s Richest Billionaires for 2024. He is worth an estimated $194 billion, Forbes said.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
Connecticut
Opinion: Connecticut must plan for Medicaid cuts
Three hours and nine minutes. That’s how long the average Connecticut resident spends in the emergency department at any one visit. With cuts in Medicaid, that time will only get longer.
On July 4, 2025, President Donald Trump passed the Big Beautiful Bill, which includes major cuts to Medicaid funding. Out of nearly 926,700 CT residents who receive Medicaid, these cuts could remove coverage for up to 170,000 people, many of whom are children, seniors, people with disabilities, and working families already living paycheck-to-paycheck.
This is not a small policy change, but rather a shift with life-altering consequences.
When people lose their only form of health insurance, they don’t stop needing medical care. They simply delay it. They wait until the infection spreads, the chest pain worsens, or the depression deepens. This is not out of choice, but because their immediate needs come first. Preventable conditions worsen, and what could have been treated quickly and affordably in a primary care office becomes an emergency medical crisis.
That crisis typically lands in the emergency department: the single part of the healthcare system that is legally required to treat everyone, insured or not. However, ER care is the most expensive, least efficient form of healthcare. More ER use means longer wait times, more hospital crowding, and more delayed care for everyone. No one, not even those who can afford private insurance, is insulated from the consequence.
Not only are individual people impacted, but hospitals too. Medicaid provides significant reimbursements to hospitals and health systems like Yale New Haven and Hartford Healthcare, as well as smaller hospitals that serve rural and low-income regions. Connecticut’s hospitals are already strained and cuts will further threaten their operating budget, potentially leading to cuts in staffing, services, or both.
Vicky WangWhen there’s fewer staff in already short-staffed departments and fewer services, care becomes less available to those who need it the most.
This trend is not hypothetical. It is already happening. This past summer, when I had to schedule an appointment with my primary care practitioner, I was told that the earliest availability was in three months. When I called on September 5 for a specialty appointment at Yale New Haven, the first available date was September 9, 2026. If this is the system before thc cuts, what will it look like after?
The burden will fall heaviest on communities that already face obstacles to care: low-income residents, rural towns with limited providers, and Black and Latino families who are disproportionately insured through Medicaid. These cuts will deepen, not close, Connecticut’s health disparities.
This is not just a public health issue, but also an economic one. Preventative care is significantly cheaper than emergency care. When residents cannot access affordable healthcare, the long-term costs shift to hospitals, taxpayers, and private insurance premiums. The country and state may “save” money in the short term, but we will all pay more later.
It is imperative that Connecticut takes proactive steps to protect its residents. The clearest path forward is for the state to expand and strengthen community health centers (CHCs), which provide affordable primary care and prevent emergency room overcrowding.
Currently, the state supports 17 federally qualified CHCs, serving more than 440,000 Connecticut residents, which is about 1 in 8 people statewide. These centers operate hundreds of sites in urban, suburban, and rural areas, including school-based clinics, mobile units, and service-delivery points in medically underserved towns. About 60% of CHC patients in Connecticut are on Medicaid, while a significant portion are uninsured or underinsured, which are populations often shut out of private practices.
Strengthening CHCs would have far-reaching impacts on both access and system stability. These clinics provide consistent, high-quality outpatient and preventive care, including primary care, prenatal services, chronic disease management, mental health treatment, dental care, and substance-use services. This reduces the likelihood that patients delay treatment until their condition becomes an emergency. CHCs also serve large numbers of uninsured and underinsured residents through sliding-fee scales, ensuring that people can still receive care even if they lose Medicaid coverage.
By investing in community health centers, Connecticut can keep its citizens healthy, reduce long waits, and ensure timely care even as federal cuts take effect.
Access to healthcare should not depend on ZIP code, income level, or politics. It is the foundation of community well-being and a prerequisite for a functioning healthcare system.
The clock is ticking. The waiting room is filling. Connecticut must choose to care for its residents before the wait becomes even longer.
Vicky Wang is a junior at Sacred Heart University, majoring in Health Science with a Public Health Concentration. She is planning to pursue a master’s in physician assistant studies.
Connecticut
Cooler Monday ahead of snow chance on Tuesday
Slightly less breezy tonight with winds gusting between 15-25 mph by the morning.
Wind chills will be in the 10s by Monday morning as temperatures tonight cool into the 20s.
Monday will see sunshine and highs in the 30s with calmer winds.
Snow is likely for much of the state on Tuesday, with some rain mixing in over southern Connecticut.
1-3″ should accumulate across much of the state. Lesser totals are expected at the shoreline.

Christmas Eve on Wednesday will be dry with sunshine and temperatures in the upper 30s and lower 40s.
Connecticut
Ten adults and one dog displaced after Bridgeport fire
Ten adults and one dog are displaced after a fire at the 1100 block of Pembroke Street in Bridgeport.
The Bridgeport Fire Department responded to a report of heavy smoke from the third floor at around 3:30 p.m. on Saturday.
Firefighters located the fire and quickly extinguished it.
There are no reports of injuries.
The American Red Cross is currently working to help those who were displaced.
The Fire Marshal’s Office is still investigating the incident.
-
Iowa1 week agoAddy Brown motivated to step up in Audi Crooks’ absence vs. UNI
-
Iowa1 week agoHow much snow did Iowa get? See Iowa’s latest snowfall totals
-
Maine6 days agoElementary-aged student killed in school bus crash in southern Maine
-
Maryland1 week agoFrigid temperatures to start the week in Maryland
-
South Dakota1 week agoNature: Snow in South Dakota
-
New Mexico5 days agoFamily clarifies why they believe missing New Mexico man is dead
-
Detroit, MI7 days ago‘Love being a pedo’: Metro Detroit doctor, attorney, therapist accused in web of child porn chats
-
Education1 week agoOpinion | America’s Military Needs a Culture Shift