2 Bryn Mawr Residents Makes Forbes's Richest List

BRYN MAWR, PA — It's no surprise that the affluent Philadelphia suburbs are home to some of Pennsylvania's richest people. Forbes released its 2020 Forbes 400 list of the richest Americans Tuesday, and a few Main Line billionaires made the cut.

Among the Main Line names to make the list are two Bryn Mawr residents.

Michael Rubin and John Middleton were ranked 228th and 238th, respectively, among the nation's richest.

Rubin, 48, is worth $3.5 billion, according to Forbes.

He is the CEO of Kynetic, the holding company for e-commerce retailers Fanatics, Rue La La and ShopRunner. He earned his fortune after dropping out of Villanova University and forming GSI Commerce, which he subsequently sold to eBay for a sizeable $2.4 billion in 2011.

Middleton, 65, is worth $3.4 billion.

He sold his family's tobacco business John Middleton Inc., which was formed in the mid 1800s and made products such as Black and Mild cigars, for $2.9 billion in 2007.

The Forbes 400 has features six billionaires, four of which live in and around Philadelphia.

According to Forbes, Victoria Mars is worth $7.2 billion, making her Pennsylvania's richest resident and the 74th riches in the nation.

Mars is the heir to and Board of Directors Chairman of Mars Inc. candy and pet food company.

Amazon's Jeff Bezos leads the overall list with a net worth of $179 billion. The best second-place of all-time belongs to Microsoft's Bill Gates at $111 billion and third is Facebook's Mark Zuckerberg at $85 billion.

President Trump landed at No. 339 following a $600 million loss in net worth, Forbes said. He's still worth $2.5 billion.

The rest of the Pennsylvania residents on the list, with their overall ranking and net worth, are listed below:

74. Victoria Mars, of Philadelphia, Mars Inc. — $7.2 billion
213. Thomas Hagen, of Erie, Erie Indemnity — $3.7 billion
213. Mary Alice Dorrance Malone, of Coatesville, Campbell Soup Company — $3.7 billion
228. Michael Rubin, of Bryn Mawr, Kynetic — $3.5 billion
238. John Middleton, of Bryn Mawr, John Middleton Inc. — $3.4 billion
319. Jeffrey Lurie, of Wynnewood, Philadelphia Eagles — $2.9 billion

See the full list from Forbes here.