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Opinion: Forbes lists 17 Pa. billionaires including 2 locals

Forbes magazine has announced its annual list of the richest people on the planet. Its billionaires list contains 2,668 of the super rich, 87 fewer than last year at this time.

A billion dollars would buy 2,200 Rolls-Royce Phantom luxury automobiles valued at $455,000 each, one for every man, woman and child in Coaldale.

A sluggish stock market and a continuing worldwide pandemic were among the chief culprits in culling the herd of some of the former highflyers. Shed no tears, my friends, because more than 1,000 billionaires are richer than last year, and there are 236 newcomers to the list.

Heading the richest of the rich is Tesla’s Elon Musk, whose net worth increased by $8.9 billion in a year to an eye-popping $244.8 billion, more than the gross national product of Greece.

The Forbes’ list includes 17 Pennsylvanians who are in that rarefied wealth stratosphere. At the top of the list is Jeff Yass, 64, of Haverford, Delaware County, whose net worth is $12 billion and who ranks 155th on the Forbes’ list of wealthiest humans. A major player in Republican Party politics through political action committee donations, Yass co-founded Susquehanna International Group, which Forbes says is one of the largest trading firms on Wall Street.

There are two billionaires from our area:

Jared Isaacman of the Easton area, who at age 39 is the youngest among the state’s billionaires. His net worth is listed at $1.2 billion, which places him at 2,242nd on the Forbes’ list. He is founder and CEO of Shift4, a payment processing company he started when he was just 16. He later started Draken International, which trains pilots for the military, then sold the company for more than a billion dollars. He checks in as the 14th wealthiest in Pennsylvania.

Dick Yuengling Jr., 79, of Pottsville, the fifth-generation owner of Yuengling, the world-famous Pottsville brewery that bears the family name. Forbes pegs Yuengling’s net worth at $1.1 billion, which is good enough for 2,364th place worldwide and #15 in Pennsylvania.

The other 1,046,292 of us who live in the five-county Times News region of Carbon, Schuylkill, Monroe, Lehigh and Northampton counties did not make the Forbes list this year. The other Pennsylvania billionaires who did make the cut are:

2. Michael Rubin, 49, of Bryn Mawr, Montgomery County, $8 billion, founder and CEO of Fanatics, a digital sports empire

3. Victoria Mars, 65, of Philadelphia, $7.8 billion, who with three sisters are heirs to the family candy fortune Mars Inc.

4. Mary Alice Dorrance Malone, 72, of Coatesville, Chester County, $3.9 billion, largest shareholder of Campbell Soup. Her grandfather, John Dorrance, invented condensed soups 125 years ago.

5. Thomas Hagen, 86, of Erie, $3.6 billion, chairman of Erie Indemnity insurance company.

6. Jeffrey Lurie, 70, of Wynnewood, Montgomery County, $3.6 billion, owner of the NFL Philadelphia Eagles. Lurie took a $185 million loan in 1994 to buy the team, which is now estimated to be worth $3 billion.

7. John Middleton, 67, of Bryn Mawr, $3.4 billion, principal owner of the Philadelphia Phillies. In 2007, Middleton sold his family’s tobacco business to Philip Morris’ parent company, Altria, for $2.9 billion.

8. Thomas Tull, 52, of Pittsburgh, $2 billion, founder of Legendary Entertainment, a production company which he sold for $3.5 billion. He is also minority owner of the NFL Pittsburgh Steelers.

9. Edward Stack, 67, of Sewickley, Allegheny County, $1.5 billion, executive chairman of Dick’s Sporting Goods.

10. David Paul, 55, of Audubon, Montgomery County, $1.5 billion, founder and executive chairman of Globus Medical, a medical devices manufacturer.

11. Brian Roberts, 63, of Philadelphia, $1.5 billion, chairman and CEO of Comcast.

12. Maggie Hardy Knox, 56, of Belle Vernon, Fayette County, $1.4 billion, owner of 84 Lumber and Nemacolin Woodlands Resort.

13. Alfred West Jr., 79, of Paoli, Chester County, $1.3 billion, executive chairman of financial services firm SEI, which he founded in 1968.

16. Richard Hayne, 74, of Philadelphia, $1.1 billion, chairman and CEO of Urban Outfitters, the company he co-founded in 1970.

17. Alan Miller, 84, of Lower Merion Township, Montgomery County, and family, $1.1 billion. Miller is founder and executive chairman of Universal Health Services.

By BRUCE FRASSINELLI | tneditor@tnonline.com

The foregoing opinions do not necessarily reflect the views of the Editorial Board or Times News LLC.