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 to the combination of an expensive presidential campaign and a tough New York real estate market, according to Forbes.

Trump fell from No. 156 on the list in 2016 — back when he was still candidate Trump — to No. 248 this year. He saw similar declines in his net worth last year, when his ranking fell 35 spots from 2015.

Outcome Health co-founder Rishi Shah, 31, was the youngest newcomer to the Forbes 400.

With a net worth of $3.6 billion, Shah ranked No. 206 overall and was the fourth-richest Illinoisan. His fortune is larger than that of Democratic governor hopeful , who fell behind Shah at No. 219 overall and No. 5 in Illinois, with $3.4 billion.

The ranking comes days after Outcome Health placed three employees on leave after a Wall Street Journal investigation into whether employees at the company misled clients. Shah was not one of those employees. The Chicago startup advertises pharmaceuticals to patients from screens in doctor’s offices.

Other Illinoisans on the list include the father of Beanie Babies, Ty Warner, (tied for No. 8 in Illinois and No. 302 overall, with $2.7 billion), real estate and casino magnate Neil Bluhm (No. 6 in Illinois and No. 226 overall, with $3.3 billion), Joseph Grendys, who runs poultry processor Koch Foods (No. 7 in Illinois and No. 278 overall, with $2.9 billion), and former U.S. Commerce Secretary (No. 11 in Illinois and No. 315 overall, with $2.6 billion), among others.

To compile its list, Forbes uses filings, court and probate records and news stories. It takes into account assets of all types, including stakes in companies, art, real estate, planes, yachts, car collections and more.

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