With a lower minimum net worth to make the cut—$2.7 billion, $200 million less than last year—20 newcomers have joined The Forbes400 list for the first time. Read more about them:
for $3.1 billion in May—the highest price ever paid for a sports team—debuts with an estimated $5.3 billion fortune.
It’s no surprise that the wealthiest newcomer hails from the oil industry, which has benefitted from sky-high prices amid the energy crisis sparked by the war in Ukraine. With an estimated net worth of $10 billion,joins the list thanks to his Midland, Texas-based Endeavor Energy Resources, the largest privately-owned oil producer in the U.S. . Stephens, 84, isn’t the eldest newcomer: that honor belongs to Eleanor Butt Crook, the 90-year-old heir to the fortune behind Texas supermarket chain H.E.
Now called Symbotic, it went public in a June SPAC deal and is automating all 42 of Walmart’s regional distribution centers. Cohen and his immediate family’s more than 70% stake makes up most of their wealth.Dantchik, 64, is the cofounder and managing director of Bala Cynwyd, Pennsylvania-based trading firm Susquehanna International Group, which he runs alongside his fellow cofounder, who debuted on The Forbes 400 in 2021.
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