Richest People in Maryland

Billionaires in Maryland: Where Do They Live?

Maryland is home to many billionaires. These billionaires acquired their fortunes in a variety of ways- Ted Lerner turned a $250 loan into a real estate empire, Stephen Bisciotti and Jim Davis co-founded the largest staffing firm in the nation, and Dan Snyder, a college dropout, is now worth billions. Here are the 7 richest people in Maryland. The information presented in this article is based on the Billionaires List from Forbes (rankings as of 1/20/23). 

Richest People in Maryland
Richest People in Maryland

1. Stephen Bisciotti

Stephen Bisciotti is the richest person in Maryland. A resident of Millersville, MD, Stephen Bisciotti is worth $6.4 billion. Stephen Bisciotti made his fortune by co-founding the largest staffing firm in the US, Allegis Group. He is also the owner of NFL’s Baltimore Ravens. Stephen is the 392nd richest person in the world.

Net Worth$6.4 billion
Source of WealthAllegis Group (staffing) and Baltimore Ravens
Age62
ResidenceMillersville, MD
World Rank392nd Richest Person in the World
Stephen Bisciotti Profile

2. Ted Lerner and Family

Ted Lerner and his family are one of the richest families in Maryland. Residents of Chevy Chase, MD, Ted Lerner and his family are worth $6.5 billion. Ted is a self-made billionaire, he turned a $250 loan into a real estate empire. Today, Lerner Enterprises is one of the largest landowners in the Washington DC area. He is the 388th richest person in the world.

Net Worth$6.5 billion
Source of WealthLerner Enterprises (real estate)
Age96
ResidenceChevy Chase, MD
World Rank388th Richest Person in the World
Ted Lerner and Family Profile

3. Mitchell Rales

Mitchell Rales is the third richest person in Maryland. A resident of Potomac, MD, Mitchell Rales is worth $6 billion. Mitchell made his fortune from manufacturing and investments. He is the 427th richest person in the world.

Net Worth$6 billion
Source of WealthManufacturing and Investments
Age66
ResidencePotomac, MD
World Rank427th Richest Person in the World
Mitchell Rales Profile

4. Dan Snyder

Dan Snyder is the fourth richest person in Maryland. A resident of Potomac, MD, Dan Snyder is worth $4.9 billion. Dan Snyder is a college dropout and a self-made billionaire who made his fortune from his marketing business, Snyder Communications. He is the owner of Washington Commanders. Dan is the 544th richest person in the world.

Net Worth$4.9 billion
Source of WealthSnyder Communications, Washington Commanders
Age57
ResidencePotomac, MD
World Rank544th Richest Person in the World
Dan Snyder Profile

5. Jim Davis

Jim Davis is the fifth richest person in Maryland. A resident of Cockeysville, MD, Jim is worth $5 billion. Jim made his fortune by co-founding the largest recruiting firm in the US, Allegis Group. He is the 541st richest person in the world.

Net Worth$5 billion
Source of WealthAllegis Group (staffing and recruiting)
Age62
ResidenceCockeysville, MD
World Rank541st Richest Person in the World
Jim Davis Profile

6. Bernard Saul II

Bernard Saul II is the sixth richest person in Maryland. A resident of Chevy Chase, MD, Bernard Saul II is worth $4 billion. Bernard inherited his grandfather’s property management company and turned it into billions. He is the 717th richest person in the world.

Net Worth$4 billion
Source of WealthBanking and Real estate
Age90
ResidenceChevy Chase, MD
World Rank717th Richest Person in the World
Bernard Saul II Profile

7. David Rubenstein

David Rubenstein is the seventh richest person in Maryland. A resident of Bethesda, MD, David Rubenstein is worth $3.3 billion. David co-founded private equity firm, the Carlyle Group. He is the 870th richest person in the world.

Net Worth$3.3 billion
Source of WealthCarlyle Group (private equity)
Age73
ResidenceBethesda, MD
World Rank870th Richest Person in the World
David Rubenstein Profile

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