Despite a down year in the stock market in 2022, including a 19.6% drop in the S&P 500 Index, the net worth of Ohio’s wealthiest people increased to the tune of $1.7 billion, according to Forbes.
and family, from the Youngstown area and the owner and co-chair of the San Francisco 49ers , saw the largest increase in 2021, going from $4 billion in 2021 to $5.1 in 2022, according to the new Forbes listings.
Les Wexner and family, from the Columbus suburb of New Albany and the founder of L Brands and Ohio’s wealthiest person, saw an increase of $300 million for a total of $6.1 billion. August Troendle, from Cincinnati and CEO of the clinical research company Medpace, also saw a $300 million increase from $1.5 billion to $1.8 billion.The rest of Ohio’s billionaires had the same estimated net worth in 2022 as the year before: Clayton Mathile , Norma Lerner , Nancy Lerner and Randolph Lerner This is 87 fewer than in 2021. They are worth a collective $12.7 trillion, $400 billion less than the previous year. The most dramatic drops occurred in Russia and China.
and Troendle, 1,000 billionaires are richer than the year before, with 735 coming from the United States. Despite the drop in total billionaires, 236 new billionaires are on the list. Industries that have produced the most billionaires are finance and investments, technology, food and drink, fashion and retail, and media and entertainment.Money does not always translate to positive feelings.
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