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Greenwich Hedge-Fund Manager Ranks As Richest CT Resident In New Forbes 400

Ray Dalio of Greenwich is the richest person in Connecticut, according to Forbes' annual billionaires list.
Ray Dalio of Greenwich is the richest person in Connecticut, according to Forbes' annual billionaires list. Photo Credit: Flickr user World Economic Forum

The newly released Forbes magazine annual rankings of the wealthiest 400 Americans includes no shortage of residents in Fairfield and Westchester counties.

Including one whose fulltime address is now 1600 Pennsylvania Avenue.

Donald Trump has been trumpeting a strong economy since he became the 45th president, but his own wallet has taken a big hit since he started his run for chief executive.

More than $1 billiion, to be precise.

Trump has dropped 11 places from last year.

With a net worth of $3.1 billion, Trump is now the 259th-richest person in the 2018 Forbes 400. He was 248th in the 2017 Forbes 400 when his net worth fell from $3.7 billion when he was in 156th place in 2016 and down from $4.5 billion in 2015.

A drop in the number of visitors at some of his golf clubs and resorts and declines in real estate prices all contributed to the decline, Forbes said.

Meanwhile, the top-ranked billionaire from Fairfield County -- as well as all of Connecticut -- is hedge-fund manager Ray Dalio of Greenwich, with a net worth od $18.1 biillion, earning him the No. 25 spot.

With a net worth of $3.3 billion, another Greenwich residents, WWE CEO and chairman Vincent McMahon, was ranked 239th.

Facebook founder Mark Zuckerberg remained at No. 4 in the Forbes 400 , with a net worth of $61 billion, up $15.5 billion from a year ago. Zuckerberg is a White Plains native, Ardsley High School graduate and former Dobbs Ferry resident.

North Salem estate owner Michael Bloomberg, the former New York City mayor, was ranked No. 10 with a net worth of $51.8 billion, up from $46.8 billion in 2017, when he was ranked eighth was the second straight year.

Bedford's George Soros dropped from No. 20 in 2017 to No. 60 with a net worth of $8.3 billion, downed from $23 billion last year.

Amazon owner Jeff Bezos took over the No. 1 spot with a net worth of $160 billion, followed by Microsoft founder Bill Gates, No. 2 at $97 billion. In last year's rankings, Gates was No. 1 and Bezos second.

Gates now owns property in North Salem, purchased in 2018. His daughter, Jennifer, is an equestrian and is currently renovating a 124-acre horse property.

Click here to read the Forbes 400 rankings.

Trump, who owns the Seven Springs estate in Bedford, also owns Trump National Golf Club Hudson Valley in Stormville and Trump National Westchester in Briarcliff Manor. Trump formerly owned an estate in Greenwich.

The Trump name also adorns Trump Tower At City Center in White Plains, Trump Plaza in New Rochelle, Trump Park Residences in Yorktown and the Donald J. Trump State Park on the Westchester/Putnam border.

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