The 25 richest people in New York, ranked

The designer Ralph Lauren is No. 24 on the list of richest people in New York.

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The designer Ralph Lauren is No. 24 on the list of richest people in New York.
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Mike Coppola/Getty Images for NYFW: The Shows

New York is home to many of the United States’ real-estate moguls, media empires, and hedge fund billionaires.

For years, New York City held most of the world’s ultra-wealthy population, until Hong Kong surpassed it in 2018. Still, with Billionaires’ Row for real estate, Wall Street for the stock exchange, and Fifth Avenue for fashion, many of the world’s richest people still work – and often live – in Manhattan.

Read more: The billionaire who founded NYC’s biggest grocery chain after immigrating to America as an infant explains his support for Trump – and why he thinks the US should build a wall

For this list, we included people and families who are listed as New York residents on Forbes Billionaires List.

Keep reading for a look at the 25 richest people in New York.


25. Henry Kravis

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Wikipedia

Source of wealth: KKR

Industry: Finance and investments

Net worth: $5.8 billion

Kravis is the co-chairman and co-CEO of KKR, founded with – and named after – him, Jerome Kohlberg, and George Roberts. The firm bought RJR Nabisco for $25 billion in 1989. Kravis has donated $125 million to Columbia Business School.


24. Ralph Lauren

The designer Ralph Lauren is No. 24 on the list of richest people in New York.

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Mike Coppola/Getty Images for NYFW: The Shows

Source of wealth: Ralph Lauren

Industry: Fashion and retail

Net worth: $5.9 billion

Though he relinquished his title as CEO in 2015, Lauren is still his fashion label’s executive chairman and chief creative officer. The company began in 1967 in the Empire State Building.


T23. David Siegel

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Two Sigma

Source of wealth: Two Sigma Investments

Industry: Finance and investments

Net worth: $6.2 billion

Siegel, the cofounder and co-chairman of Two Sigma Investments, is one of the most successful hedge fund managers. Today, the company manages over $57 billion.


T23. John Overdeck

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Overdeck and his wife, Laura, in 2017.
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Brian Ach/Getty

Source of wealth: Two Sigma Investments

Industry: Finance and investments

Net worth: $6.2 billion

Alongside Spiegel, Overdeck founded and chairs Two Sigma Investments. The hedge fund is headquartered in Manhattan’s SoHo neighborhood.


T21, T21, T21. James Chambers, Katharine Rayner, Margaretta Taylor

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Cox Enterprises in Atlanta, Georgia.
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Wikimedia Commons

Source of wealth: Cox Enterprises

Industry: Media and entertainment

Net worth: $6.4 billion each

James Chambers, Katharine Rayner, and Margaretta Taylor inherited their family’s fortune when their mother, Anne Cox Chambers, died in 2016. Each received a 17% stake in Cox Enterprises, which their grandfather James M. Cox founded in 1898.

Today, the conglomerate is worth $20.4 billion, with Taylor’s son, Alex, serving as president and CEO. The company is based in Atlanta, though it also has New York offices.

Rayner is on the New York Public Library’s board of directors.


18. Richard LeFrak

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Eugene Gologursky/Getty Images for Haute Living

Source of wealth: LeFrak Organization

Industry: Real estate

Net worth: $6.5 billion

LeFrak inherited the LeFrak Organization from his father in 2003. He’s the CEO of the massive real estate company and plans to pass on the empire to his two sons. LeFrak City, a 5,000-apartment complex in Queens, also carries the family name.


17. Israel Englander

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Phil McCarten/Reuters

Source of wealth: Millennium Management

Industry: Finance and investments

Net worth: $6.8 billion

Englander, who started Millennium Management in 1989 with $35 million, now oversees $35 billion. He attended New York University and began his career at Kaufmann, Alsberg & Co.


16. Leon Black

source
Reuters

Source of wealth: Apollo Global Management

Industry: Private Equity

Net worth: $7.1 billion

After the bank he worked at filed for bankruptcy protection, Black started Apollo Global Management with two colleagues in 1990. Today, the firm manages over $269 billion, with Black owning about 21% of the company.


T15. David Shaw

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The midtown Manhattan building that houses D.E. Shaw & Co.
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Google Maps

Source of wealth: D.E. Shaw & Co.

Industry: Finance and investments

Net worth: $7.3 billion

The hedge fund manager who founded D.E. Shaw, Shaw is also a former Columbia University computer-science professor. Shaw has not worked at the firm since 2002, working instead at his research firm, D.E. Shaw Research, as the chief scientist.


T15. Valerie Mars

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FaceMePLS/Flickr

Source of wealth: Mars Inc.

Industry: Candy

Net worth: $7.3 billion

Mars’ great-grandfather founded the candy and pet food company that bears her family’s name. She and her sisters each inherited a 7% stake in the company after their father’s death in 2016. Mars sits on the boards of her family’s company and Fiat Chrysler.


13. Ronald Perelman

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Brad Barket/Getty Images for Tribeca Film Festival

Source of wealth: MacAndrews & Forbes

Industry: Finance and investments

Net worth: $7.6 billion

The owner and chairman of the investment firm MacAndrews & Forbes, Perelman holds significant shares in companies such as AM General, Deluxe Entertainment, and Revlon. His daughter Debra is the cosmetics empire’s president and CEO.

In 2016, Perelman donated $75 million for a new arts center at the World Trade Center, the Ronald O. Perelman Center for the Performing Arts, set to open in 2021.


12. Stephen Ross

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Al Messerschmidt/Getty Images

Source of wealth: Related Companies

Industry: Real estate

Net worth: $7.7 billion

Ross, a real-estate mogul, continues to make headlines for his rapidly growing $25 billion project, New York’s Hudson Yards. Both his penthouse and his company offices are in the Time Warner Center. Additionally, Ross is the owner of the NFL’s Miami Dolphins.


11. George Soros

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Win McNamee/Getty Images

Source of wealth: Soros Fund Management

Industry: Finance and investments

Net worth: $8.3 billion

Following a 42-year career on Wall Street, Soros now lives upstate after retiring from Soros Fund Management.

Soros is perhaps most famous for his effect on the British stock market on Black Wednesday in 1992. According to Forbes, Soros “made $1.5 billion in just a single month by betting the British pound and several other European currencies were priced too richly against the German deutsche mark.”

Read more: What George Soros’ life is really like: How the former hedge-fund manager built his $8.3 billion fortune, purchased a sprawling network of New York homes, and became the topic of international conspiracy theories


10. Donald Newhouse

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Ben Gabbe/Getty

Source of wealth: Advance Publications

Industry: Media and entertainment

Net worth: $12.1 billion

Newhouse owns Advance Publications, the massive empire that includes Condé Nast publications, Reddit, and a stake in the Discovery Channel. Samuel Newhouse, his brother with whom he split the family fortune, died in 2017. Donald Newhouse is still the company’s president.


T9, T9. Gerard and Alain Wertheimer

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Alain Wertheimer and his brother Gerard attend the Prix de Diane Longines at Hippodrome de Chantilly on June 12, 2011 in Chantilly, France.
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Julien Hekimian/Getty Images

Source of wealth: Chanel

Industry: Fashion and retail

Net worth: $14.6 billion each

The Wertheimer brothers co-own French luxury brand Chanel. They inherited the fashion house from their grandfather Pierre Wertheimer, who co-founded the fashion house with Coco Chanel in the 1920s. Alain Wertheimer serves as the company’s chairman.

Read more: Meet the Wertheimers, the secretive French brothers worth $30.8 billion who control Chanel, own vineyards in France and Napa Valley, and breed racehorses


7. Len Blavatnik

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David M. Benett/Getty Images

Source of wealth: Access Industries

Industry: Diversified

Net worth: $16.3 billion

Blavatnik’s fortune comes from Access Industries, which owns major shares in names across varied industries, from the chemical company LyondellBasell to the fashion brand Tory Burch.


6. Stephen Schwarzman

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Alex Wong/Getty

Source of wealth: Blackstone Group

Industry: Finance and investments

Net worth: $17.5 billion

The founder, chairman, and CEO of Blackstone, Schwarzman heads the world’s largest buyout firm, which, according to Forbes, has $439 billion in assets. Schwarzman has donated to the New York Public Library and other organizations.


5. Carl Icahn

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Dealbook Conference

Source of wealth: Icahn Enterprises

Industry: Finance and investments

Net worth: $17.8 billion

Icahn heads Icahn Enterprises, his holding company, and briefly served as a special adviser to the Trump administration in 2017.


4. Leonard Lauder

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Slavin Vlasic/Getty Images

Source of wealth: Estée Lauder

Industry: Fashion and retail

Net worth: $18.5 billion

Currently the chairman emeritus, Lauder joined his mother’s company in 1958 and is responsible for the acquisition of MAC, Bobbi Brown, and Aveda brands during his career. Lauder retired as the company’s CEO in 1999.


3. Rupert Murdoch

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REUTERS/Mike Blake

Source of wealth: News Corp

Industry: Media and entertainment

Net worth: $20.6 billion

Rupert Murdoch is the co-chairman of Fox Corporation and the executive chairman of the News Corp media empire, which owns The Wall Street Journal. After starting with a small Australian newspaper, Murdoch acquired the New York Post, his first major US acquisition, in 1976.

In 2019, Murdoch finalized his newsworthy deal with the Walt Disney Company: Disney purchased Fox for $71 billion, substantially growing his family’s fortune.

Read more: What Rupert Murdoch’s life is really like: How the mogul grew his media empire and $7.35 billion fortune, weathered scandal, and became engrained in international politics


2. David Koch

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Reuters/Brendan McDermid

Source of wealth: Koch Industries

Industry: Diversified

Net worth: $42.7 billion

Now the director emeritus, Koch was previously the executive vice president of his family’s business. His brother Charles, who shares the same net worth, still heads the company from its headquarters in Wichita.

According to Forbes, Koch has made major contributions to New York organizations such as Lincoln Center and Memorial Sloan Kettering Cancer Center.

Read more: What Rupert Murdoch’s life is really like: How the mogul grew his media empire and $7.35 billion fortune, weathered scandal, and became engrained in international politics


1. Michael Bloomberg

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Drew Angerer/Getty Images

Source of wealth: Bloomberg LP

Industry: Media and entertainment

Net worth: $56.1 billion

Beginning his career on Wall Street, Bloomberg cofounded his company in 1981 and owns 88% of it; it’s now worth over $9 billion.

He was New York City’s mayor for over a decade, from 2001 to 2013, before resuming his role as Bloomberg’s CEO at the end of 2014.