Philadelphia, PA

The three billionaires who live in Philadelphia

Ash Jurberg
Photo by Dan Mall on Unsplash

The annual Forbes billionaires list was released this week.

In total, it listed 2,688 billionaires across the world. Seventeen of these people live in Pennsylvania, and three of those are in Philadelphia.

So let's take a look at the world of billionaires, focusing on the three residing in Philadelphia.

The family fortune

The richest person in Philadelphia and the second richest in the entire state of Pennsylvania is Victoria Mars. Her net worth of $8.7 billion ranks her 288th in the world.

Her name is familiar, thanks to the giant global and candy food company Mars Incorporated. Mars was founded by Frank Mars, the great grandfather of Victoria Mars.

She leads a relatively quiet life but spends a lot of time doing charity work.

The media mogul

The second of Philadelphia's billionaires is Brian Roberts, the CEO, and chairman of media and technology company Comcast. He has a net worth of $1.8 billion.

His father, Ralph, was the founder of Comcast and Brian started an internship at Comcast when he was just fifteen years old.

Comcast reported revenue of $109 billion and a net profit of $13.1 billion in 2019.

Brian is also heavily involved in philanthropy and has been awarded the 1994 Golden Plate Award of the American Academy of Achievement, the 2004 Humanitarian Award from the Simon Wiesenthal Centre, and the 2002 Walter Kaitz Foundation Honoree of the Year for his commitment to diversity.

The Former Hippy

The other Philadelphia billionaire is former hippie Richard Hayne with a net worth of $1.2 billion.

Hayne opened an apparel shop near the University of Pennsylvania in 1970 using $4000 he had in savings.

That store became Urban Outfitters, which has since grown to over 200 locations across the United States and has almost $4 billion in revenue. The company has expanded and includes Urban Outfitters, Free People, Anthropologie, and Terrain.

The richest person in Pennsylvania

The richest person in the state is Jeff Yass, a co-founder of Susquehanna International Group, one of Wall Street's largest and most successful trading firms. Due to his company's large stake in Tik Tok and Payoneer, he is worth $12 billion. He lives in Haverford, Pennsylvania.

Let's hope more people from Philadelphia make the 2023 Forbes billionaires list.

Readers, have any of you met or worked for any of these people? What was your impression?

Please leave your comments below.

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