How Trump’s Neighbors in Palm Beach Just Got Richer Than Ever

It's never been a better time to be Donald Trump 's neighbor... especially if you're wealthy.

At least 67 billionaires have properties in Palm Beach in Florida , possessing a combined wealth exceeding $615 billion, and according to new data, that number is only going up.

The fortunes of the majority of these individuals - 37 - increased over the past year, including one prominent resident whose estimated net worth rose from $2.3 billion on March 8, 2024, to $5.1 billion on March 7 of this year, according to Forbes .

Twelve Palm Beach billionaires experienced a decrease in wealth, while 17 saw no change. Australia-born financier Michael Dorrell, a newcomer to the global Forbes list with an estimated $8.5 billion, had no prior year's data available.

Dorrell and his fellow Palm Beach billionaires are part of a record 3,028 individuals worldwide with fortunes of at least $1 billion, totaling a record $16.1 trillion.

This global wealth is $2 trillion higher than the previous year and surpasses the GDP of all but two countries.

The typical billionaire’s wealth currently amounts to $5.3 billion, which represents a rise of $200 million since 2024.

The Palm Beach Daily News The list comprises some of the richest individuals who possess various types of real estate within the town. Below are the top 10 billionaire residents of Palm Beach.

1. Julia Koch

Julia Koch, aged 62, is an American billionaire socialite and philanthropist renowned for being the widow of the late David Koch. She inherited a substantial 42 percent share in the vast corporation Koch Industries from him.

Leading the Palm Beach rankings once more, the Koch family and their associates have been placed 21st worldwide, boasting an estimated wealth of $74.2 billion—a significant rise from their previous valuation of $64.3 billion in 2024.

She obtained her Palm Beach mansion from her husband's trust.

Regularly appearing amongst the world’s richest women, she was originally named Julia Flesher and worked in the fashion sector in New York prior to her marriage to David Koch in 1996; they have three children together.

Currently, she leads the David H. Koch Foundation and has also set up her own Julia Koch Family Foundation. She directs her significant fortune toward meaningful charitable efforts in areas such as healthcare, education, and the arts.

2. Thomas Peterffy

Thomas Peterffy, aged 80, is an American billionaire with Hungarian roots who founded and chairs Interactive Brokers, a leading electronic trading company.

Globally ranked at 27, his wealth has surged to an estimated $57.3 billion, marking a considerable rise from his 2024 position where he had a net worth of $34 billion.

In 1965, when Peterffy emigrated to the United States, he transformed the financial sector by being a pioneer in using computer technology for trading and brokerage activities.

His early use of computerized mathematical models for option valuation and his establishment of the first fully automated market-making company set the stage for Interactive Brokers, founded in 1993.

3. Stephen Schwarzman

Stephen Schwarzman, aged 78, is an American billionaire entrepreneur and financial magnate. As the co-founder, chairman, and chief executive officer of Blackstone Group—a leading global private equity firm managing more than $1 trillion in assets—he holds a prominent position in the industry.

Globally ranked 31st, his net worth increased to $44.4 billion from $38.8 billion.

Schwarzman was born in Philadelphia in 1947. After graduating from Yale University and Harvard Business School, he embarked on a fruitful career in finance. This included a period at Lehman Brothers, where he eventually took charge as the head of global mergers and acquisitions.

In 1985, he established Blackstone alongside Peter G. Peterson, starting off with an emphasis on mergers and acquisitions before broadening their scope to include different types of assets such as real estate and credit.

4. Kenneth Griffin

Kenneth Griffin, aged 56, is an American billionaire entrepreneur who founded and serves as the CEO of Citadel, a hedge fund company managing more than $60 billion in assets.

Globally ranked at number 35, his wealth stands at $42.3 billion, an increase from last year’s $36.4 billion.

He additionally established Citadel Securities, a leading market-making firm accountable for a substantial share of equity trades in the United States. While still a student at Harvard University, Griffin embarked on his financial journey by starting his inaugural hedge fund from his dormitory.

In 1990, he established Citadel LLC, which has grown into one of the globe’s most profitable hedge funds.

5. Abigail Johnson

Abigail Johnson, aged 63, is an influential American billionaire entrepreneur serving as both the chairman and chief executive officer of the global financial services corporation Fidelity Investments.

Globally ranked at 55, her wealth stands at $32.7 billion, an increase from $29.3 billion previously.

Raised in the family that established the firm, she has dedicated her whole professional life to Fidelity, advancing progressively through various positions following the completion of her MBA at Harvard Business School.

In 2014, Johnson took over as CEO and then became chairman in 2016, continuing to lead the firm. He oversees its extensive holdings and upholds its status as a key figure in the investment management sector.

6. Gina Rinehart

Gina Rinehart, who is 71 years old, is an influential figure in Australia’s iron ore industry and serves as the commanding chairman of Hancock Prospecting. She took over this major mining and agriculture company following her father's passing in 1992.

Ranked 61st worldwide, her net worth dropped from $30.8 billion to $29.3 billion.

As the richest person in Australia, she has demonstrated remarkable leadership in expanding Hancock Prospecting, particularly with the establishment of the extensive Roy Hill iron ore project.

Apart from iron ore, Rinehart has broadened the company’s portfolio to encompass various commodities such as lithium, rare earth elements, and agriculture. This diversification has positioned the firm as a key participant across several industries.

7. Dan Gilbert

Dan Gilbert, aged 63, is an American billionaire entrepreneur who has been instrumental in numerous profitable enterprises. He is particularly recognized for being the co-founder and primary stakeholder of Rocket Mortgage, which holds the position as the leading direct-to-consumer mortgage lender in the country.

Globally ranked at 71, his fortune increased from $26.2 billion to $27.8 billion.

Apart from his ventures in finance, he established Rock Ventures, a holding firm that manages an array of enterprises and investment opportunities. Additionally, he owns major stakes in Cleveland’s various professional sports franchises, most notably the NBA team, the Cleveland Cavaliers.

Showcasing a strong connection to his origins, Gilbert has led a significant rejuvenation project in central Detroit via his property company, Bedrock Detroit, pouring billions into transforming the urban environment.

8. Thomas Frist Jr.

Thomas Frist Jr., aged 86, is an American billionaire doctor and entrepreneur who helped establish HCA Healthcare, which ranks among the biggest for-profit hospital operators in the U.S.

Globally ranked at 73, his fortune increased to $27 billion from $26.2 billion.

He was born on August 12, 1938, obtained a medical degree, and worked as a flight surgeon prior to founding HCA alongside his father and Jack C. Massey in 1968.

He served as both chairman and CEO of HCA until January 2001, and continued as chairman until January 2002.

He was instrumental in leading HCA through its privatization in 2006 as part of a significant leveraged buyout.

9. David Tepper

David Tepper, 67, is an American billionaire hedge fund manager and the owner of the Carolina Panthers of the National Football League (NFL) and Charlotte FC of Major League Soccer (MLS).

Ranked 95th globally, his net worth rose to $21.3 billion, up from $20.6 billion from last year.

He was born in Pittsburgh in 1957 and went on to earn an MBA from the Tepper School of Business at Carnegie Mellon University.

In 1993, Tepper established Appaloosa Management, a remarkably successful hedge fund recognized for its focus on investing in troubled debts.

His shrewd investment tactics, notably throughout the 2008 economic downturn, yielded substantial profits and cemented his status as among the leading hedge fund managers of his era.

10. Stephen Ross

Stephen Ross, aged 84, is an American billionaire who specializes in real estate development, dedicates himself to philanthropy, and owns sports teams.

Placed at number 111 worldwide, his wealth increased from $10.1 billion last year to $18.4 billion.

He was born in Detroit in 1940 and serves as both the chairman and founder of The Related Companies, an international real estate developer famous for initiatives such as the Deutsche Bank Center and the Hudson Yards redevelopment project in New York City.

Apart from his involvement in real estate, Ross is the main owner of the Miami Dolphins, an NFL team, as well as the proprietor of Hard Rock Stadium.

He is engaged in various enterprises, serving as the chairman and co-founder of RSE Ventures, which focuses on technology, sports, and entertainment investments. Additionally, he owns the Miami International Autodrome, where the Formula 1 Crypto.com Miami Grand Prix takes place.

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