New York is the financial capital of the world. Not surprisingly, the city boasts 68 billionaires, according to Forbes’ 2011 list of billionaires in the world. Of the 10 richest, six have ties to the finance industry.
The richest man in New York is worth over $20 billion. The richest female New Yorker is Joan Tisch, who derives her fortune from holdings in Loews Corp. (NYSE: L).
Interestingly, the list contains only two females and no racial minorities.
Click “Start” to view the 10 richest New Yorker in 2011.
Inherited the The Estée Lauder Companies from his parents Estée and Joseph Lauder. Was the chief executive until 1999. Previously served in the US Navy and is a major benefactor of the Whitney Museum of American Art.ReutersMedia mogul. Through Advance Publications, owns Vogue, Vanity Fair, The New Yorker, and social news aggregator reddit. Has an extensive modern art collection; owned Jackson Pollock’s No. 5, 1948, which was later sold for $140 million.ReutersMedia mogul. Through News Corp, owns HarperCollins, Fox, New York Post, Dow Jones, The Wall Street Journal, Barron’s, Marketwatch, and Factiva. Was born in Australia and started his business career there.ReutersSecretive hedge fund manager who used complicated math models to rack up enormous profits. Was a code breaker during the Cold War. Taught mathematics and made academic contributions to the field. ReutersKnown for buying distressed companies and flipping them for enormous profits. Took his stake in Revlon in 1985. Also know for his four messy and public divorces and his commitment to Judaism.ReutersLegendary corporate raider Carl Icahn stands to gain from his bid on Clorox. ReutersThe most famous hedge fund manager in the world and a pioneer in the industry. Very active in global politics and played a role in the democratization of Eastern Europe in the 1990s. Reportedly gave away more than $7 billion to philanthropy in the past few decades. ReutersHedge fund manager who made it big by betting against subprime mortgages. Credited for making the ‘greatest trade ever.’ Currently very bullish on his gold investments. Said he should concentrate on making money now, then later on giving it away intelligently.ReutersThe former trader at Salomon Brothers is currently the Mayor of New York, making him America’s richest politician. Made his fortune through Bloomberg LP, which provides financial data and news.ReutersAn active philanthropist, big supporter of conservative (Libertarian) political candidates. Was the vice-presidential candidate himself of the Libertarian Party in 1980. Inherited and built wealth from his father and Koch Industries founder Fred Koch.panachemag.com
