Find Real Estate Agents and Homes for Sale


Real Estate News --> Maryland News

8 Maryland Billionaires Make Forbes' 2018 List


Lerner of Chevy Chase, developer and founder of Lerner Enterprises and Washington Nationals owner, is the richest man in Maryland. In 1952 Lerner borrowed $250 from his wife to start a real estate company, selling homes for developers. Now he owns 20 ...


Archived Story

Jeff Bezos is at the top of Forbes' billionaires list for 2018, dethroning fellow Seattle-area billionaire Bill Gates, who has lost the top spot for only the sixth time since 1995Among the elite club of billionaires on the 32nd annual list, eight of them have Maryland tiesThe 2018 list has 2,208 members from 72 countriesWith 585 Americans on the list, the United States leads the way with the most number of billionaires in the world, followed by China with 373 billionairesThe U.Salso had 18 newcomers featured on the 2018 list According to Forbes, Bezos is the first centi-billionaire at the top of the list, meaning he has a fortune of over a $100 billionForbes explains just how much wealth these billionaires have, being worth a combined $9.1 trillionThe top 20 people on the list alone are worth $1.2 trillion, 13 percent of the total fortune of all billionaires worldwideHere are the Maryland billionaires who made the Forbes list for 2018: Ted Lerner, 92, is worth $4.7 billion and is ranked No441 on the listLerner of Chevy Chase, developer and founder of Lerner Enterprises and Washington Nationals owner, is the richest man in MarylandIn 1952 Lerner borrowed $250 from his wife to start a real estate company, selling homes for developersNow he owns 20 million square feet of commercial and retail space, plus hotels, and 7,000 apartmentsStephen Bisciotti, 57, is worth $4.2 billion and is ranked No514 on the listBisciotti of Millersville is co-founder of Allegis staffing company and owner of the Baltimore RavensBisciotti and his cousin, Jim Davis, (who is also a billionaire), started what would become Allegis Group -- now one of the world's biggest staffing companies -- in 1983Originally called Aerotek and focused on filling aeronautics, engineering and light industrial jobs, today Allegis Group places people in sectors spanning from IT to financeMitchell Rales, 61, is worth $3.5 billion and is ranked No652 on the listRales of Potomac is co-founder of Danaher investment firmThree decades after building Danaher Corpinto an industrial conglomerate, Steven Rales and his brother, Mitchell, broke their empire into two halves: one part devoted to science and technology, in late 2016Bernard Saul II, 85, is worth $3.5 billion and is ranked No652 on the listSaul of Chevy Chase is chairman and CEO of Saul Centers Inc., a Washington, D.C.-based real estate companyWithin a few years he expanded from real estate to banking, developing the plans for what became Chevy Chase Federal Savings Bank, which he sold to Capital One for $476 million in 2009In the 1990s he founded another REIT, Saul Centers, which owns real estate, mostly shopping centers and office properties in Washington, D.C., and BaltimoreJim Davis, 57, is worth $2.8 billion and ranks at No859 on the listDavis of Cockeysville, co-founder and now head of Allegis, a staffing company he co-founded with cousin and business partner Stephen Bisciotti in 1983The company was originally called Aerotek, and it matched job seekers with aeronautics, engineering and light industrial jobsDavis bought in as a minority partner of baseball's StLouis Cardinals in 2010David Rubenstein, 68, is worth $2.8 billion and is tied at No859 on the listRubenstein of Bethesda, is co-chief executive officer and co-founder, Carlyle GroupHe is donating nearly $19 million to restore the Lincoln Memorial and expand exhibits and research thereIn all, he's given $44 million toward historic preservation of U.Sattractions, including the Washington MonumentHe has funded panda procreation at the National ZooDan Snyder, 53, is worth $2.3 billion and is ranked No1070 on the Forbes listSnyder of Potomac, is owner of the Washington Redskins, which he bought for $800 million after Jack Kent Cooke's death in 1997Snyder made his first fortune in marketing, when Snyder Communications sold advertisements placed on boards inside of buildings, and distributed product samplesThe firm went public in 1996, making Snyder, then 32, the youngest CEO on the New York Stock ExchangeHe also owns private equity firm Red Zone CapitalKevin Plank, 45, is worth $1.5 billion and is ranked No1561 on the listPlank of Lutherville, the founder and CEO of Under Armour, made his billions as the underdog competitor to Nike and in recent years has spent hundreds of millions to buy health and fitness tracking apps, including calorie counting app MyFitnessPalWhile he was a University of Maryland football player, he noticed his teammates were all wearing heavy, sweat-soaked shirtsSo he came up with a lightweight, sweat-wicking shirt using fabrics from women's undergarmentsAfter graduating in 1996, he started selling the shirts from the basement of his deceased grandmother's houseUnder Armour is now America's second biggest sportswear vendor behind Nike(For more news like this, find your local Patch hereIf you have an iPhone, click here to get the free Patch iPhone app; download the free Patch Android app here.) The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion Bill Gates, 62, worth $90 billion Warren Buffett, 87, worth $84 billion Bernard Arnault, 69, worth $72 billion Mark Zuckerberg, 33, worth $71 billion Amancio Ortega, 81, worth $70 billion Carlos Slim Helu, 78, worth $67.1 billion Charles Koch, 82, worth $60 billion David Koch, 77, worth $60 billion Larry Ellison, 73, worth $58.5 billion The Forbes billionaires list provides a look at wealth using stock prices and exchange rates from Feb9, 2018Forbes values assets like private companies, art, real estate and moreRead more about Forbes methodology here See the full list of billionaires here PHOTO: Washington Nationals owner Ted Lerner (center) speaks with family members before the start of the Opening Day game against the Miami Marlins on April 3, 2017 at Nationals Park in Washington, DC(Photo by Win McNamee/Getty Images)Get the Annapolis newsletter Success! You're now signed up for local updates. Close Daily Newsletter The latest Annapolis news delivered to your inbox every morning. Breaking News Alerts Real-time updates on breaking stories in Annapolis. Let's go! Subscribe Back to the Annapolis Patch More from Annapolis PatchUp next on Annapolis Patch Breathalyzer Tests Offered To Drinkers In Annapolis: Police FBI Agent Fatally Stabbed His Wife Then Committed Suicide: Police Daylight Saving Time 2018: Sales That'll Help You Sleep ga("send", "event", "taboola", "served", "impression", 1, { "nonInteraction": 1 }); if (mobile_detect.is_phone) { window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-b', container: 'taboola-below-article-thumbnails', placement: 'Mobile Below Article Thumbnails', target_type: 'mix' }); } else { window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-a', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' }); } window._taboola = window._taboola || []; _taboola.push({flush: true}); var disqus_shortname = "patchmedia"; var disqus_identifier = "27497195"; var disqus_title = "8 Maryland Billionaires Make Forbes' 2018 List "; var disqus_url = "https://patch.com/maryland/bethesda-chevychase/8-maryland-billionaires-make-forbes-2018-list"; jQuery(document).ready(function() { jQuery('#show-disqus, .btn-comment-now').on('click', function(event){ jQuery.ajax({ type: "GET", url: "https://patchmedia.disqus.com/embed.js", dataType: "script", cache: true }); jQuery('#comments-guidelines').show(); event.target.id !== 'show-disqus' && jQuery('html, body').animate({ scrollTop: jQuery('#disqus_thread').offset().top - 220 }, 1000); jQuery('#show-disqus').slideUp(); return false; }); location.hash === '#comments' && jQuery('#show-disqus').click(); }); Show Comments Patch Community Guidelines Patch welcomes contributions and comments from our usersWe strive for civil, enlightened discussions on Patch stories and local issuesPlease abide by our posting standards: Be civil No profanity No personal attacks or insults Stay on topic Users who violate our posting rules will have their comments blocked or deletedUsers who flagrantly violate our standards can be banned at the moderator's discretion. × What are Featured Events? Featured Events are paid listings by users and receive priority placement on Patch, on our social pages and in our daily newslettersTo promote your local event on Patch, click here. Feature your event on Patch now Featured Events Mar 10 Step Into Spring: A Home Cleaning & Maintenance Checklist + Add your event on PatchMar9See More Events Near You > Trending Now Across PatchAlexa Randomly Laughs, And It's Terrifying People 14-Yr-Old Boy Poses As Deputy, Makes House Calls Woman Fights Off Carjacker, Gets Car Back: Video Applebee's Data Breach Affected Over 100 Locations "A Wrinkle in Time" The Movie Is Here (Finally!) Nearby PatchesEdgewater-Davidsonville Broadneck Severna Park Crofton Anne Arundel Bowie TopicsArts & Entertainment Bulletin Board Business Community Corner Health & Fitness Home & Garden Jobs Kids & Family Local Deals & Classifieds Local Voices Obituaries Pets Police & Fire Politics & Government Real Estate Restaurants & Bars Schools Seasonal & Holidays Sports Traffic & Transit Travel Weather Corporate InfoAbout Patch Careers PartnershipsAdvertise on Patch SupportFAQs Contact Patch View All Patches Patch Network Terms of Use Privacy Policy © 2018 Patch MediaAll Rights Reserved. Swipe for more from Patch » × Get free real-time alerts for Annapolis. Success! You're now signed up for local updates. Close Daily Newsletter The latest Annapolis news delivered to your inbox every morning. Breaking News Alerts Real-time updates on breaking stories in Annapolis. Let's go! var _sf_endpt=( new Date() ).getTime(); var _sf_async_config = _sf_async_config || {}; /** CONFIGURATION START **/ _sf_async_config.uid = "12406"; _sf_async_config.domain = 'patch.com'; _sf_async_config.useCanonical = true; _sf_async_config.sections = "maryland,annapolis,Patch 4.1"; _sf_async_config.authors ="Deb Belt"; _atrk_opts = { atrk_acct:"qKjWj1a0Sn00GK", domain:"patch.com",dynamic: true}; (function() { var as = document.createElement('script'); as.type = 'text/javascript'; as.async = true; as.src = "https://d31qbv1cthcecs.cloudfront.net/atrk.js"; var s = document.getElementsByTagName('script')[0];s.parentNode.insertBefore(as, s); })(); window.fbAsyncInit = function() { FB.init({ appId : '521361477908471', autoLogAppEvents : true, xfbml : true, version : 'v2.10' }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); var disqus_shortname = 'patchmedia';

Trending Maryland News:


  • John Menton, Baltimore real estate agent, dies
  • Areas on Eastern Shore had median sale price rise in August
  • 5 Types of Real Estate Agents You'll Meet: Which One Is Right for You?
  • Maryland to Big Ten another example of eroding traditions | From the Tarpit
  • Anatomy of a Real Estate Crowdfunding Transaction
  • Bethesda-Chevy Chase, MD Real Estate: Newly Listed Homes for Sale
  • CORPORATE AND REAL ESTATE ASSOCIATE
  • Maryland General Election Voter Guide 2016
  • Patricia Dowtin Installed as Realtor Association President
  • Jay Hancock: Maryland's athletic woes mirror those of economy
  • MD Democrats push for Kushner Cos. records
  • Blackstone sells properties of Baltimore biopark developer for $1.5 billion
  • International REIT drops more than $200 million on Don CeSar and its sister property
  • Starwood Property Trust,Inc. (NYSE:STWD) Files An 8-K Other Events
  • Real estate investor beefs up portfolio with $3M deal
  • Downtown's Maryland Life Building sells for $901K
  • Delegate’s measure may help him get back real estate license
  • Hogan, congressional delegation huddle over FBI move
  • Maryland adds 500 jobs in January
  • 5 things to know about Maryland's Nov. election