Milton Billionaire Makes the 2014 Forbes 400 List

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 one from Milton.

Abigail Johnson, the president of Fidelity Investments, is number 36 on the list with a net worth of $13.3 billion

Other Massachusetts billionaires on the list include Edward Johnson III (number 64) with a net worth of $7.2 billion from money management, Patriots owner Robert Kraft is number 123 with a net worth of $4 billion, and New Balance chairman Jim Davis and his family come in at number 170 with a net worth of $3.3 billion.

The full Forbes story, can be found here.

Photo: Billionaire Abigail Johnson of Milton who is the 32nd wealthiest person in the U.S.