Extremely rich (but not so rich as before)
Billionaires with Bermuda connections are still scattered through Forbes Magazine's list of the 400 richest Americans, even though many of them can't claim to be as well off as they were a year ago.
Nonetheless, four Americans with very close connections to the Island remain in the top 100, headed by part-time Tucker's Town resident and New York Mayor Michael Bloomberg. Mr. Bloomberg, whose decorating ambitions for his Bermuda home were blamed earlier in the year for an Island-wide shortage of cedar, was named as the 29th richest American with a fortune estimated at $4.8 billion.
In spite of the decline in investment markets, Mr. Bloomberg, whose namesake computers are ubiquitous in trading rooms, saw his personal wealth rise from $4 billion to $4.8 billion. Fidelity Investments founder Edward (Ned) Johnson III, who owns a Somerset home, was 38th on the list with a net worth of $4.1 billion.
Mr. Johnson, whose company has a large Bermuda subsidiary, saw his fortune decline from $4.6 billion.
Mr. Johnson's daughter Abigail is 19th on the list. Her net worth is estimated at $8.2 billion, down from $9.1 billion.
Tucker's Town resident and former presidential candidate H. Ross Perot comes in in 45th place on the list with a net worth of $3.7 billion, down from $3.9 billion. And American International Group chairman and chief executive officer Maurice Greenberg is just two places lower on the list, with a net worth of $3.3 billion, down from $3.9 billion.
Mr. Greenberg's colleague Ernest Stempel, who lives in Pembroke, is 113th on the list with a net worth of $1.7 billion, down from $1.9 billion last year when he was 97th on the list.
