- New York City is a well-established home for real-estate businesses and media conglomerates — along with the firms that invest in them.
- According to Forbes' real-time billionaires data, the 25 richest people in New York include Wall Street moguls, along with billionaires in fashion and food.
- Two of the three top seats belong to media moguls, with Michael Bloomberg in first and Rupert Murdoch in third.
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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.
For this list, we included people and families whose companies are based in Manhattan. That left many notable tech titans out of the ranking, as many dwell in Silicon Valley. And though Ken Griffin recently purchased a $238 million penthouse near Central Park, his hedge fund, Citadel, is based in Chicago.
Notable dynasties, such as the Waltons, also have companies based outside the Big Apple, leaving the bulk of the list to Wall Street brokers and real-estate moguls.
Keep reading for a look at the 25 richest people in New York.
SEE ALSO: The top 25 richest people in Silicon Valley
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25. Leonard Stern
Source of wealth: Hartz Mountain Industries
Industry: Real estate
Net worth: $4.8 billion
Stern built his real-estate empire by purchasing warehouses, most of which are in New Jersey. After over 50 years in the business, Stern owns over 42 million square feet of property. New York University's business school bears his name, following his $30 million donation to the university.
24. John Paulson
Source of wealth: Paulson & Co.
Industry: Finance and investments
Net worth: $5 billion
Founder of the hedge fund Paulson & Co., Paulson previously worked at the New York investment company Bear Stearns. According to Forbes, Paulson "made his fortune betting against subprime mortgages at the peak of the 2007 credit bubble."
23. Sheldon Solow
Source of wealth: Solow Building Company
Industry: Real estate
Net worth: $5.16 billion
Solow earned fame and fortune upon completion of the Solow Building, at 9 W. 57 St. on Billionaires' Row. The skyscraper houses the fashion label Chanel, Leon Black's Apollo Global Management and Henry Kravis' KKR — two other New York billionaires who are on this list.
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