Here are the 5 Richest People living in Boston Massachusetts

No. 5 Amos Hostetter, Jr. Net Worth As of 2/9/17 $3.2 billion(Forbes.com)
Starting off our list is the 214th riches person in America, Amos Hostetter, Jr. His net worth is around 3.2 billion dollars. In the 60’s he started making his riches after receiving a MBA in college and with $1,500 in his pocket he partnered up with a man namevHarold Irving “Irv” Grousbeckvto start up a cable company called Continental Cablevision. According to Forbes The cable company was once the third largest cable TV company in the U.S. In 1996 he sold his investment of Continental Cablevision to US West for $11 billion dollars. Then in 2000 he helped AT&T, then known as MediaOne, buy back Continental Cablevision for $44 billion dollars.

No. 4 Robert Kraft $5.2 Billion(Forbes.com)
Famous for being five time Superbowl champions New England Patriots owner, Robert Kraft has a net worth of 5.2 billion dollars. He is the Chairman & CEO of The Kraft Group LLC. Wikipedia.com says The Kraft Group is a group of privately held companies in the professional sports, manufacturing, and real estate development industries that does business in 90 countries. The group of companies comprises of New England Patriots LP, New England Revolution LP, Gillette Stadium, TeamOps LLC, Rand-Whitney Container LLP(the largest independent corrugated packaging manufacturer in the Boston area), International Forest Products LLC, and More than 30 other private equity investments companies.

No. 3 Jim Davis. $5.2 billion
You might know him as the owner of New Balance Shoe’s he is also named “Richest Greek in the World” Jim Davis net worth is estimated at around $5.2 Billions dollars. Mr. Davis and family bought the famous footwear company in 1972. As he first started out, the shoe company only produced about 30 pairs of running shoe’s per day. Luckily, He hit the jackpot when one of his shoe’s, called Balance 320, was rated the best running shoe’s on the market at the time. Now, New Balance produce millions of pairs of shoe’s annually and is shipped all over the world. Once a week I drive pass New Balance’s central office Located in the Greater Boston Area. The place that I work is also near wear Mr. Davis lives. Newton, Massachusetts.

No. 2 Edward Johnson the Third $7.5 billion
As of January 20th, 2017, Edward Johnson the Third net worth consist of $7.5 billion dollars. Forbes places him as the 68th Riches person in America. According to getnetworth.com Mr. Johnson attended prep school at Milton Academy before transferring to Tabor Academy. After that, He Graduated from Harvard College in 1954 with a Bachelor’s degree. Went to the US Army for a bit than became a research analyst at Fidelity Investments in 1957, a company founded by his father Edward C. Johnson the 2nd in 1949. Where now he and his daughter Abigail Johnson run the company.

no. 1 Abigail Johnson $14.2 billion
Listed as Forbes 29th richest person in America in 2016, Abigail Johnson is Fidelity’s CEO and a Harvard alum. She is considered to be the richest person in living in the Boston area. According to Wikipedia, “In November 2016, Johnson was named Chairman and will remain CEO and President giving her full control of Fidelity with 45,000 employees worldwide. Her net worth is estimated at around 14 Billion Dollars. Making her one of the world’s wealthiest woman.

One thought on “Here are the 5 Richest People living in Boston Massachusetts

  • A WordPress Commenter

    Hi, this is a comment.
    To get started with moderating, editing, and deleting comments, please visit the Comments screen in the dashboard.
    Commenter avatars come from Gravatar.

Comments are closed.