11-04-2025
These are the Philadelphia region's newest billionaires
Half of the Philadelphia region's newest billionaires are making a fortune in real estate, per Forbes' annual list.
Why it matters: The region minted at least four new billionaires from last year.
State of play: Twenty-five entrepreneurs, investors and heirs out of the more than 3,000 on this year's list live in Pennsylvania, per Forbes.
Meanwhile, at least 16 billionaires live in the Philly region or founded companies with headquarters here.
💰 Top dog: Jeffrey Yass, the co-founder of trading firm Susquehanna International Group, was the region's highest-ranked billionaire.
The Haverford resident's net worth more than doubled over the past year to reach $59 billion, good enough for 25th on this year's list.
Newcomers: The latest billionaires from or linked to the region to land on the list include:
🏠 Mitchell Morgan (net worth of $5.5 billion) is the founder and CEO of Conshohocken-based Morgan Properties, the third-largest owner of apartments in the U.S.
🏗️ Real magnate Bruce E. Toll ($1.9 billion), the co-founder of Fort Washington-based Toll Brothers.
🎤 Plus: Reading-native and global pop superstar Taylor Swift made the cut again this year, ranking 2,110th with a net worth of $1.6 billion.
