{"id":247,"date":"2024-04-05T16:37:52","date_gmt":"2024-04-05T16:37:52","guid":{"rendered":"https:\/\/www.sterlingcooper.info\/blog\/?p=247"},"modified":"2024-04-05T16:37:52","modified_gmt":"2024-04-05T16:37:52","slug":"palm-beach-florida-has-58-billionaires","status":"publish","type":"post","link":"https:\/\/www.sterlingcooper.info\/blog\/palm-beach-florida-has-58-billionaires\/","title":{"rendered":"PALM BEACH FLORIDA HAS 58 BILLIONAIRES"},"content":{"rendered":"
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World\u2019s richest: Palm Beach is home to 58 billionaires, says 2024 Forbes data<\/h1>\n<\/div>\n<\/header>\n
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The mega-wealthy, for the most part, got mega-wealthier over the past year in Palm Beach<\/a>, a town that can count at least 58 billionaires among its property owners, according to an exclusive Palm Beach Daily News analysis of the list of the world\u2019s wealthiest people.<\/p>\n

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The majority of the Palm Beach billionaires \u2014 40\u00a0in all \u2014 watched their estimated net worth increase over the past year<\/a>, while 15 saw their wealth shrink. And another three saw their fortunes remain flat. (See the complete list of Palm Beach billionaires below.)<\/em><\/p>\n

Among the Palm Beach billionaires who saw their wealth drop over the past year is former President Donald Trump<\/a>. The estimated net worth of the town\u2019s most famous resident decreased from $2.5 billion in April 2023 to $2.3 billion on the new list.<\/p>\n

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Former President Donald Trump saw his net worth decline over the past year.<\/figcaption><\/figure>\n
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In all, the Palm Beach billionaires\u2019 wealth for 2024 totals $494.7 billion, the analysis by the Palm Beach Daily News shows.<\/p>\n

Billionaires landed on the Palm Beach list if they own real estate in town, whether it\u2019s a primary home, a vacation house or an investment property.\u00a0There may be more billionaires who own real estate in Palm Beach, but if so, their identities have so far remained cloaked behind the entities they used to buy their properties. \u00a0Others may not have met the criteria Forbes.com uses to determine eligibility, which figures in the value of their stock portfolios and other assets, including private companies, real estate and art collections.<\/p>\n

The list of Palm Beach billionaires\u00a0is missing one famous name that appeared on it last year. \u201cMargaritaville\u201d singer and businessman Jimmy Buffett , a longtime Palm Beach homeowner, died at age 76 in September<\/a>, five months after Forbes said his wealth hit\u00a0the $1 billion mark for the first time.<\/p>\n

New to the Forbes list this year is Palm Beach resident Avram Glazer, who is part of the family that owns the Tampa Buccaneers and is majority owner of the Manchester United soccer team in the United Kingdom. His net worth is $1.7 billion, according to Forbes.<\/p>\n

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The late singer and businessman Jimmy Buffett<\/figcaption><\/figure>\n

On the latest list, Forbes named a record-setting 2,781 people across the globe whose wealth\u00a0totaled at least $1 billion each, up from 2,640 last year.<\/p>\n

Those\u00a0on the Palm Beach list who saw their wealth rise over the past year are right in line with the vast majority of their global counterparts, the Forbes list shows. Of the billionaires on the global list, three-fourths experienced a year-over-year increase in wealth.<\/p>\n

\u201cWhat a year it\u2019s been for the planet\u2019s billionaires, whose fortunes continue to swell as global stock markets shrug off war, political unrest and lingering inflation,\u201d says an article accompanying the new Forbes list.<\/p>\n

Once again, Julia Koch and her family lead the Palm Beach list with an estimated net worth of $64.3 billion,\u00a0up\u00a0from $59 billion a year ago. Her late husband, David Koch of Koch Industries, had for years been identified as Palm Beach\u2019s wealthiest billionaire until his death in 2019.<\/p>\n

Private-equity mogul Stephen Schwarzman this year stepped into the No. 2 spot on the Palm Beach List. That rank was held last year by hedge-fund manager and securities titan Ken Griffin, who lives in Miami but owns the largest estate in Palm Beach<\/a>.<\/p>\n

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Private-equity mogul Stephen Schwarzman<\/figcaption><\/figure>\n
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Hedge-fund manager Kenneth C. Griffin<\/figcaption><\/figure>\n

Schwarzman\u2019s year-over-year wealth rose from $27.8 billion last year to $38.8 billion this year, according to Forbes. Griffin\u2019s fortune, meanwhile, grew from\u00a0$35 billion a year ago to $36.4 billion, according to Forbes.<\/p>\n

On the new global list, French fashion and cosmetics mogul Bernard Arnault and his family were ranked No. 1 with $233 billion, a position they first assumed in 2023. Tesla and Space X tycoon Elon Musk \u2014 and his $195 billion net worth \u2014 landed in the No. 2 slot among the world\u2019s billionaires. That was slightly ahead of Amazon’s Jeff Bezos, who ranked No. 3 with a fortune of $194\u00a0billion.<\/p>\n

Taking the fourth spot in the global ranking was Facebook co-founder Mark Zuckerberg of Meta with $177 billion. And ranked No. 5 \u2014 with $147 billion \u2014 was Oracle Corp. software tycoon Larry Ellison, who owns an ocean-to-lake estate in Manalapan south of Palm Beach.<\/p>\n

Among the celebrities on the global list is singer Taylor Swift, who for the first time has been ranked as a billionaire with an estimated net worth of $1.1 billion. Other celebrities on the overall list include NBA hall-of-famer\u00a0Magic Johnson ($1.2 billion),\u00a0filmmaker George Lucas\u00a0($5.5 billion),\u00a0NBA legend Michael Jordan\u00a0($3.2 billion) and\u00a0businesswoman and television personality Kim Kardashian\u00a0($1.7 billion).<\/p>\n

Palm Beach\u2019s wealthiest: Local billionaires on the 2024 Forbes\u2019 ranking of the world\u2019s richest<\/h2>\n

Here is the Palm Beach Daily News\u2019 list of Palm Beach billionaires ranked by Forbes among the world\u2019s richest people. All of the billionaires on this list are American unless otherwise noted. The list includes each billionaire’s rank on the global list, in descending order, and compares 2024 net-worth estimates to the ones Forbes published last year at this time. At the end of the list is a note about the methodology Forbes used to compile its rankings.<\/p>\n

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Julia Koch, widow of industrialist David Koch<\/figcaption><\/figure>\n

Julia Koch<\/strong>, 61 (widow of industrialist David Koch), and family, in 23rd place on the global list, with $64.3 billion, up from $59 billion in 2023.<\/p>\n

Private equity titan Stephen Schwarzman<\/strong>, 77, in 34th place, with $38.8 billion, up from $27.8\u00a0billion.<\/p>\n

Hedge-fund manager Kenneth C. Griffin<\/strong>, 55, in 42nd place, with $36.4 billion, up from $35 billion.<\/p>\n

Discount broker pioneer Thomas Peterffy<\/strong>, 79, in 44th place, with $34 billion, up from $25.3\u00a0billion.<\/p>\n

Australian mining mogul Gina Rinehart<\/strong>, 70, in 56th place, with $30.8 billion, up from $27\u00a0billion.<\/p>\n

Investments\/finance executive Abigail Johnson<\/strong>, 62, in 58th place, with $29 billion, up from $21.6\u00a0billion.<\/p>\n

Mortgage loan magnate and NBA\u2019s Cleveland Cavaliers owner Dan Gilbert<\/strong>, 62, tied in 73rd place, with $26.2 billion, up from $18\u00a0billion.<\/p>\n

Hedge-fund manager and NFL’s Carolina Panthers owner David Tepper<\/strong>, 66, tied in 94th place, with $20.6 billion, up from $18.5\u00a0billion.<\/p>\n

Cosmetics executive Leonard Lauder<\/strong>, 91, tied in 126th place, with $15.1 billion, down from $21\u00a0billion.<\/p>\n

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Cosmetics executive Leonard Lauder<\/figcaption><\/figure>\n

Financier Henry Kravis<\/strong>, 80, tied in 169th place, with $11.7 billion, up from $7.5 billion.<\/p>\n

Businessman and New England Patriots owner Robert Kraft<\/strong>, 82, tied in 188th place, with $11.1 billion, up from $10.6\u00a0billion.<\/p>\n

Real estate developer and Miami Dolphins owner Stephen Ross<\/strong>, 83, tied in 221st place, with $10.1 billion, down from $11.6\u00a0billion.<\/p>\n

Discount brokerage pioneer Charles Schwab<\/strong>, 86, tied in 232nd place, with $9.8 billion, up from $9.2 billion.<\/p>\n

Investments mogul Robert F. Smith<\/strong>, 61, tied in 266th\u00a0place, with $9.2 billion, up from $8 billion.<\/p>\n

Medical equipment heiress Ronda Stryker<\/strong>, 69, tied in 312th place, with $8.2 billion, up from $6.9 billion.<\/p>\n

Hedge-fund manager Paul Tudor Jones II<\/strong>, 69, tied in 317th place, with $8.1 billion, up from $7.5\u00a0billion.<\/p>\n

Real estate investor Jeff Greene<\/strong>, 69, tied in 354th place, with $7.5 billion, up from $7.2\u00a0billion.<\/p>\n

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Energy and real estate investor Jeff Greene<\/figcaption><\/figure>\n

Real estate mogul Neil Bluhm<\/strong>, 86, tied in 453rd place, with $6.3 billion, up from $6\u00a0billion.<\/p>\n

Hedge-fund manager Chase Coleman III<\/strong>, 48, tied in 522nd place, with $5.7 billion, down from $8.5 billion.<\/p>\n

Money manager Charles B. Johnson<\/strong>, 90, tied in 572nd place, with $5.3 billion, up from $5.1 billion.<\/p>\n

Money manager Ron Baron<\/strong>, 80, tied in 597th place, with $5.1 billion, up from $5\u00a0billion.<\/p>\n

Investments tycoon, inventor and optometrist Dr. Herbert Wertheim<\/strong>, 84, tied in 624th place, with $4.9 billion, up from $4.3 billion.<\/p>\n

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Private investor Dr. Herbert Wertheim<\/figcaption><\/figure>\n

Cosmetics executive Ronald Laude<\/strong>r, 80, tied in 686th place, with $4.6 billion, unchanged since 2023.<\/p>\n

Philadelphia Eagles owner Jeffrey Lurie<\/strong> and family, 72, tied in 686th place, with $4.6 billion, up from $4.4 billion.<\/p>\n

Marvel Entertainment owner Isaac Perlmutter<\/strong>, 82, tied in 712th\u00a0place, with $4.4 billion, up from $4\u00a0billion.<\/p>\n

Logistics entrepreneur Bradley Jacobs<\/strong>, 68, tied in 775th place, with $4.1 billion, up from $3.7 billion.<\/p>\n

Media and automotive heiress Katharine \u201cKathy\u201d Rayner<\/strong>, 79, tied in 785th place, with $4 billion, down from $5.5\u00a0billion.<\/p>\n

Media and automotive heiress Margaretta Taylor<\/strong>, 81, tied in 785th place, with $4 billion, down\u00a0from $5.5\u00a0billion.<\/p>\n

Philadelphia Phillies co-owner and tobacco heir John Middleton<\/strong>, 69, tied in 871st place, with $3.7 billion, up from $3.4 billion.<\/p>\n

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Philadelphia Phillies owner and developer John S. Middleton<\/figcaption><\/figure>\n

Hedge-fund manager John Paulson<\/strong>, 68, tied in 920th place, with $3.5 billion, up from $3 billion.<\/p>\n

Casino and resort mogul Steve Wynn<\/strong>, 82, tied in 949th place, with $3.4 billion, up from $3.2\u00a0billion.<\/p>\n

Johnson & Johnson heir and New York Jets owner Robert Wood \u201cWoody\u201d Johnson IV<\/strong>, 76, tied in 991st place, with $3.3 billion, down from $3.4 billion.<\/p>\n

Cosmetics executive Jane Lauder<\/strong>, 51, tied in 991st place, with $3.3 billion, down from $5\u00a0billion.<\/p>\n

Real estate mogul Charles Cohen<\/strong>, 72, tied in 1,104th place, with $3 billion, down\u00a0from $3.7\u00a0billion.<\/p>\n

Hedge-fund manager Glenn Dubin<\/strong>, 66, tied in 1,143rd place, with $2.9 billion, up from $2.7\u00a0billion.<\/p>\n

Investor C. Dean Metropolous<\/strong>, 77, tied in 1,143rd place, with $2.9 billion, up from $2.6\u00a0billion.<\/p>\n

Real estate magnate Dwight C. Schar<\/strong>, 82, tied in 1,286th place, with $2.6 billion, up from $1.9 billion.<\/p>\n

Canadian liquor magnate Charles Bronfman<\/strong>, 92, tied in 1,330th place, with $2.5 billion, unchanged from 2023.<\/p>\n

Private-equity specialist Scott Shleifer<\/strong>, 46, tied in 1,330th place, with $2.5 billion, down from $3.5 billion.<\/p>\n

Canadian sports-franchise owner Larry Tanenbaum<\/strong>, 78, tied in 1330th place, with $2.5 billion, up from $2 billion.<\/p>\n

SlimFast founder S. Daniel Abraham<\/strong>, 99, tied in 1,380th place, with $2.4 billion, down from $2.5\u00a0billion.<\/p>\n

Cosmetics executive William Lauder<\/strong>, 63, tied in 1,438th place, with $2.3 billion, down from $3.4\u00a0billion.<\/p>\n

Real estate developer and former President Donald Trump<\/strong>, 77, tied in 1,438th place, with $2.3 billion, down from $2.5 billion.<\/p>\n

Fashion designer Tom Ford<\/strong>, 62, tied in 1,496th<\/sup> place, with $2.2 billion, unchanged from 2023.<\/p>\n

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Fashion designer Tom Ford<\/figcaption><\/figure>\n

Homebuilder Paul Saville<\/strong>, 68, tied in 1,496th place, with $2.2 billion, up from $1.7\u00a0billion.<\/p>\n

Hedge-fund manager James G. Dinan<\/strong>, 86, tied in 1,545th place, with $2.1 billion, up from $1.9 billion<\/p>\n

Fashion and retail entrepreneur Aerin Lauder<\/strong>, 53, tied in 1,545th place, with $2.1 billion, down from $3.1\u00a0billion.<\/p>\n

Insurance magnate and New York Giants co-owner Jonathan Tisch<\/strong>, 70, tied in 1,545th place, with $2.1 billion, up from $1.7 billion.<\/p>\n

Industrialist, investor and education entrepreneur William \u201cBill\u201d Koch<\/strong>, 83, tied in 1,623rd<\/sup> place, with $2 billion, up from $1.6 billion.<\/p>\n

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Energy businessman and private-school founder William “Bill” Koch<\/figcaption><\/figure>\n

Food and beverage distributor Duke Reyes<\/strong>, 67, tied in 1,694th place, with $1.9 billion, up from $1.5 billion.<\/p>\n

Money manager Mario Gabelli<\/strong>, 82, tied in 1,764th place, with $1.8 billion, up from $1.7 billion.<\/p>\n

Industrial equipment heir Mitchell Jacobson<\/strong>, 73, tied in 1764th\u00a0place, with $1.8 billion, up from $1.3 billion.<\/p>\n

Tampa Bay Buccaneers and Manchester United co-owner Avram Glazer<\/strong>, 63, tied in 1851st place, with $1.7 billion (new to list in 2024)<\/p>\n

Investor Nelson Peltz<\/strong>, 81, tied in 1,851st place, with $1.7 billion, up from $1.5 billion.<\/p>\n

Canadian financier Gerald Schwartz<\/strong>, 82, tied in 2,046th place, with $1.5 billion, up from $1.2 billion.<\/p>\n

Reebok founder Paul Fireman<\/strong>, 80, tied in 2287th place, with $1.3 billion, up from $1.1 billion.<\/p>\n

Private-equity specialist J. Christopher Flowers<\/strong>, 66, tied in 2,410th place, with $1.2 billion, down from $1.4 billion.<\/p>\n

Real estate asset manager Jane Goldman<\/strong>, 68, tied in 2,545th place, with $1.1 billion, down from $2.1\u00a0billion.<\/p>\n

*If you would like to join the ranks of billionaires, contact www.sterlingcooper.info<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

World\u2019s richest: Palm Beach is home to 58 billionaires, says 2024 Forbes data The mega-wealthy, for the most part, got mega-wealthier over the past year in Palm Beach, a town that can count at least 58 billionaires among its property owners, according to an exclusive Palm Beach Daily News analysis of the list of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-247","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/comments?post=247"}],"version-history":[{"count":3,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/247\/revisions"}],"predecessor-version":[{"id":251,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/247\/revisions\/251"}],"wp:attachment":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/media?parent=247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/categories?post=247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/tags?post=247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}