Again Illinois' richest person, Ken Griffin increases fortune by $1 billion

Tuesday, 17 October 2017, 11:59:11 PM. With $8.5 billion fortune, Citadel CEO Ken Griffin defends his title as Illinois' richest person, according to Forbes.
has done it again. With a net worth of $8.5 billion, an increase of $1 billion from last year, the founder of hedge fund Citadel defended his title as Illinois’ richest person on the 36th annual Forbes 400 ranking of the richest Americans, released Tuesday. Falling in line behind Griffin — who was No. 52 overall, up from No. 57 last year — are 13 other Illinoisans. They include real estate mogul (No. 2 in Illinois and No. 115, with $5.1 billion); four Pritzkers, members of the family that founded the Hyatt Hotel chain; , founder of financial information company Morningstar (No. 13 in Illinois and No. 350 overall, with $2.3 billion); and Groupon chairman and co-founder (No. 14 in Illinois and No. 359 overall, with $2.2 billion). This year’s Forbes 400 broke records, with the combined net worth of billionaires on the list totaling $2.7 trillion, up from $2.4 trillion in 2016. The rich are getting richer, according to Forbes. The minimum net worth required to be among the richest in the country increased to $2 billion, up from $1.7 billion. Bill Gates topped the list for the 24th year running, with a net worth of $89 billion. Amazon’s Jeff Bezos, who also owns The Washington Post, took the second spot for the second year, with a fortune of $81.5 billion. Both saw increases in their fortunes over last year: Gates’ was up from $81 billion, and Bezos’ was up from $67 billion. President Donald Trump’s fortune did not fare as well. His net worth fell $600 million to $3.1 billion due...Read more
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