Nine people from Massachusetts made the Forbes 400, a ranking of the richest people in the United States for 2025.
The richest 400 people in the country are worth a staggering $6.6 trillion — a new record. The country’s richest are $1.2 trillion richer than last year, according to Forbes.
Abigail Johnson, CEO and chairman of Fidelity, is the highest-ranked person from Massachusetts on the annual Forbes list with $35 billion net worth.
Edward Johnson IV, her brother and president of Pembroke Real Estate, ranks second on the list. The real estate company is owned by Fidelity’s parent company, FMR. His net worth is $14.2 billion.
Elizabeth Johnson, a third sibling of the family, has a net worth of $12.5 billion, according to the Forbes list. She ranks fourth on the list of the wealthiest people in Massachusetts.
She owns a 9.56% stake in FMR, and is a founder of Louisburg Farm, a stable of show-jumping horses in Wellington, Florida, according to the Boston Business Journal.
Who else made the list?
At third on the Forbes list for people in Massachusetts is Robert Kraft, with a net worth of $13.8 billion. Kraft purchased the New England Patriots in 1994 for $174 million, a team now worth over $8 billion after six Super Bowl victories, according to the Boston Business Journal.
Robert Hale Jr., a founder and CEO of telecommunications company Granite Telecommunications of Quincy, placed fifth on the list. He’s also a co-owner of the Boston Celtics and he’s donated over $270 million to cancer research, educational institutions and other charities, according to Forbes.
This past spring, he unexpectedly gifted students at Bridgewater State University $1,000 in cash at a commencement ceremony.
Jim Davis and his family ranked number six in Massachusetts. He’s the chairman of New Balance and his net worth is valued at $5.2 billion.
Ranked number seven is Phillip “Terry” Ragon, the founder of software company InterSystems Corp. It’s one of the largest healthtech companies in Massachusetts, and Ragon’s net worth is valued at $4.2 billion.
Tied in ranking and net worth is Alan Trefler, the founder and CEO of Pegasystems Inc. of Waltham.
Rounding out the list of nine richest people in Massachusetts is Amos Hostetter Jr., who made his fortune as a cable television pioneer in the 1990s, according to the Boston Business Journal.
He is the co-founder and trustee of the Barr Foundation and chairman and CEO of Pilot House Associates.
Hostetter co-founded Continental Cablevision and served as its chairman and CEO from 1980 to 1996, when it became the third-largest company in cable television. It sold for $11.8 billion in 1996 to U.S. West, according to the Boston Business Journal.
Read the full Forbes 400 list here.
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