New Hampshire
How many billionaires live in NH? Maine? Only one in each, per Forbes list
Sports legend Magic Johnson reaches billionaire status
According to Forbes, sports legend Magic Johnson’s net worth has reached 1.2 billion dollars.
Fox – LA
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.
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.”
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.
New Hampshire Governor Kelly Ayotte (Getty Images)
New Hampshire Gov. Kelly Ayotte has signed legislation requiring public school employees to disclose information about transgender students to their parents or legal guardians, reversing a 2024 state Supreme Court ruling that upheld students’ privacy rights in certain circumstances.
Ayotte’s office announced on 2 July that the legislation had been signed into law. Under SB 430, educators must respond to written requests from parents for “material information” about their child, even if a student has asked that the information be kept confidential or fears negative consequences at home.
Supporters of the legislation, such as Republican state Senator Tim Lang, argue the measure strengthens parental rights and enables families to better support children who may be struggling. “If you don’t tell the parent, the parent can’t watch for the signs of self-harm,” Lang told New Hampshire Public Radio.
Educators and LGBTQ+ advocates, however, say the law places teachers in an impossible position by forcing them to choose between complying with the law and protecting vulnerable students. Megan Tuttle, president of NEA-New Hampshire, the state’s largest teachers’ union, said in a statement that the legislation is “vaguely written and risks putting educators in a position of outing a student.” She added that schools should remain places where every student feels “safe, seen, and free to be themselves.”
Aimee Terravechia, executive director of LGBTQ+ advocacy group 603 Equality, warned the law could erode trust between students and educators while speaking with New Hampshire Public Radio. “Schools should be a place of learning… and a place of critical self-examination,” she said. “Placing educators into a role of monitoring and reporting removes the trust necessary for a thriving academic environment.”
The legislation also effectively overturns a 2024 New Hampshire Supreme Court decision, in which justices ruled that keeping a student’s gender identity confidential did not unlawfully interfere with parents’ rights, noting that parents still retained numerous ways to support and communicate with their children outside the classroom.
Share your thoughts! Let us know in the comments below, and remember to keep the conversation respectful.
New Hampshire is poised to approve the world’s first Bitcoin-backed municipal bond, valued at $100 million, according to social media reports. The bond is designed as a conduit bond with no taxpayer funds at risk, using over-collateralized Bitcoin held by BitGo Trust to secure the repayment. The bond’s innovative structure and potential implications for crypto-backed public debt have attracted attention, with Moody’s assigning it a provisional Ba2 rating. The bond, conceptualized by Wave Digital Assets in collaboration with Rosemawr Management, awaits final approval from the Governor and Executive Council. The market’s response to this development could influence Bitcoin’s future price expectations.
Key Takeaways
- The announcement suggests a significant step in integrating Bitcoin into traditional financial structures.
- Market participants appear to interpret this development as potentially increasing institutional confidence in Bitcoin.
- The bond’s approval could lead to a moderate increase in the odds of Bitcoin reaching higher price targets.
What to Watch
The final decision from the Governor and Executive Council in New Hampshire will be a key indicator of the bond’s impact. Observers may look for potential shifts in institutional adoption of Bitcoin as a collateral asset. Any further developments or official announcements regarding the bond’s pricing date could influence market expectations related to Bitcoin’s future valuation.
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