In Fairfield County, Billionaires Lurk Around Every Corner. Except Ours.

Proof — if anyone needs it — that Fairfield County is not like the rest of the world came earlier this week, when Forbes magazine released its list of the world’s wealthiest men (and a few women).

There are 1,645 billionaires on the planet — and 14 live in Fairfield County.

In other words: 1 out of every 100 billionaires – billionaires! — on the planet owns at least one home within an easy bike ride of us.

What may be almost as surprising, though, is that not one of them calls Westport home.

Westport's Glendinning complex is no longer the right fit for Bridgewater Associates.

Westport’s Glendinning complex is no longer the right fit for Bridgewater Associates.

The richest state billionaire is Ray Dalio. He’s worth a cool $14.4 billion — placing him #69 overall — thanks to the hedge fund he founded, Bridgewater Associates.

There is, of course, a Westport connection: Bridgewater is based here.

Though Dalio is trying to move it to Stamford, closer to his Greenwich home. Of course, to do that he needs tax breaks from the state.

The other 9 Greenwichites on the list include hedge fund titan/federal microscope subject Steve Cohen, and wrestling kingpin Vince McMahon.

Virtually everyone else on the list is a finance-type guy. And they are all guys: the only female Connecticut billionaire is also the lone non-Fairfield County resident, Branford hotel queen Karen Pritzker.

I draw 2 conclusions from the Forbes rankings.

  1. With all that financial power concentrated in this county, you’d think they could get Metro-North to improve its service. Except that I doubt they take the train to work.
  2. Fairfield County is filled with caviar. But when it comes to billionaires, Westport is chopped liver.

10,000 bill

 

One response to “In Fairfield County, Billionaires Lurk Around Every Corner. Except Ours.

  1. Nancy Hunter Wilson

    Things haven’t changed, as I recollect that Fairfield County has always been” filled with caviar”.
    Must be a horrible life, though. Imagine the worries? Imagine the debt?
    Not fun. Remember that people with a lot of money aren’t necessarily smart (or happy).