Three Boston Billionaires Make the 2014 Forbes 400 List

Photo Credit: forbes.com/profile/edward-johnson-iii

By Barbara Heins (Patch Staff)

The annual Forbes 400 list is out and there aren’t too many surprises — Microsoft co-founder Bill Gates, Berkshire Hathaway’s Warren Buffett and Oracle’s Larry Ellison are at the top of the country’s billionaire heap.

According to Forbes, which has been compiling the list since 1982, the stock market is the reason why the rich “just keep getting richer.” Forbes reports that in order to make the magazine’s Top 400 list, one’s net worth had to be $1.55 billion, up from $1.3 million in 2013. Given the level of the bottom rung of the list, Forbes reports that 113 billionaires “didn’t make the cut.” The aggregate wealth of the Top 400 list stands at a commanding $2.3 trillion.

In Massachusetts, six billionaires did make the cut — including three from Boston.

Here are the Boston billionaires:

• Edward Johnson III (#64), CEO & Chariman, Fidelity Investments. Net Worth: $7.3 billion.
• Amos Hostetter, Jr. (#188), Chair, Pilot House Associates. Net Worth: $3.1 billion.
• Phillip Ragon (#394), Founder Cambridge, MA-based InterSystems. Net Worth: $1.59 billion.

The full Forbes story, can be found here.

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