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Meet the 10 richest billionaires in Palm Beach in 2020
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Palm Beach, Fla., residents certainly have plenty of opportunities to rub shoulders with wealth.
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Last week, Forbes released its annual list of billionaires, which included 2,095 around the world.
Soon after the website published its list, the Palm Beach Daily News went through all the billionaires to find who had strong ties to Palm Beach.
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The 43 people who ended up on the Palm Beach Daily News’ list either live or own property in the area or lease residences “when in town,” the newspaper reported.
However, not everyone on the list had a good year with their wealth. Just like the rest of the world, many of the billionaires saw their wealth decrease in the last year — specifically in recent months as the coronavirus has taken its toll on the economy.
According to the Palm Beach Daily News, 18 of the 43 billionaires had their wealth decrease from last year. However, 14 billionaires still saw their wealth increase and 11 saw their wealth stay the same, the newspaper reported.
Together, the top 10 richest billionaires who have ties to Palm Beach are worth about $140 billion, according to Forbes’ estimates.
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To see the top-ranking billionaires in the area, here are the 10 richest Palm Beach neighbors, according to Forbes and the Palm Beach Daily News.
10. Dan Gilbert
Quicken Loans cofounder Dan Gilbert, 58, reportedly joined the Palm Beach list this year after he bought two houses in Palm Beach, the newspaper reported. The houses together cost $43.25 million.
Gilbert, who owns the NBA’s Cleveland Cavaliers, was tied for 230th place on Forbes’ list and took tenth place on Palm Beach’s list. His wealth was down this year to $6.5 billion from $6.7 billion last year.