Five Billionaires From Montgomery County Make Forbes Richest List

Five Montgomery County men show up on Forbes magazine 2019 list of the 400 richest Americans, and if they wanted, they could carpool.

All five are downcounty residents who live only a few miles from each other.

Here are the five:

• Ted Lerner and family, who ranks 128 on the Forbes’ list, with a worth of $5.1 billion. Lerner, 93, made his fortune in real estate and is the former principal owner of the Washington Nationals. His family still owns the team. Lerner lives in Chevy Chase.
• Mitchell Rales, who ranks 154, with a worth of $4.2 billion. Rales, 63 of Potomac, made his fortune in manufacturing and investments. The Glenstone Museum in Potomac has benefited from Rales’ philanthropy, receiving more than $1 billion in art.
• Bernard Saul II, who ranks 250 and worth $3.4 billion. Saul, 87 of Chevy Chase, made his fortune in banking and real estate.
• David Rubenstein, who ranks 275, is co-chief executive officer and co-founder of the Carlyle Group. Rubenstein, 70, is worth $3.2 billion and he lives in Bethesda.
• Dan Snyder, who ranks 333 with a worth of $2.6 billion. The 54-year-old Washington Redskins owner made his fortune marketing. He lives in Potomac.

About Douglas Tallman

Reporter with 35 years experience throughout Maryland. Reach me at dtallman@mymcmedia.org or via Twitter at @MCM-Doug

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