The recently released 2015 Forbes 400 list of the richest Americans includes seven people with local ties, all who have appeared on the list before.
Leading the pack of locals is Chevy Chase resident Ted Lerner, founder of development company Lerner Enterprises and owner of the Washington Nationals. Lerner, who’s set to celebrate his 90th birthday next week, came in at No. 86 on the list with a net worth of $5.5 billion, according to Forbes.
Lerner was ranked No. 114 on the 2014 list.
Under Armour founder, chairman and CEO Kevin Plank, who grew up in Kensington and now lives outside of Baltimore, rose to No. 145 on the list with a net worth of $4.1 billion.
At No. 171 is Mitchell Rales, the Bethesda native and Potomac resident who along with his brother Steven grew their fortunes through manufacturing and investments. Mitchell Rales, who has built a much-ballyhooed collection of contemporary art at his private Glenstone estate on Glen Road, has an estimated net worth of $3.5 billion, according to Forbes.
Steven Rales, who now lives in California, has a net worth of $3.8 billion, placing him at No. 149 on the list.
Another local real estate developer—Bernard Saul II—came in at No. 211 on the list with a net worth of $3 billion. He’s the founder, chairman and CEO of Saul Centers, Inc. and lives in Chevy Chase.
Bethesda private equity financier and philanthropist David Rubenstein is worth $2.6 billion, earning him the No. 256 spot on the list. Washington Redskins owner Dan Snyder, who lives in Potomac, rose to No. 327 on the list from No. 368, with a net worth of $2.1 billion.
Editor's note – correction – The original version of this article stated Bernard Saul II's grandfather founded Saul Centers, Inc. In fact, Saul II founded Saul Centers Inc. Saul II's grandfather founded Washington D.C.'s first mortgage bank, the B.F. Saul Company, which still exists today as a privately-owned real estate company.
