NY lost 9 billionaires this year — here’s how their absence is bad news for every New Yorker

The Big Apple’s billionaires are hemorrhaging cash.

Nine New York-based billionaires fell off this year’s Forbes 400 list of wealthiest Americans — and 18 have dropped off in the past five years.

Of those who didn’t make it back onto this year’s list, one died – investor Jim Simons – and the rest saw declining fortunes. 

Fortress Investment Group Chairman Wesley Edens saw his net worth plummet to $2.7 billion this year from $3.9 billion in 2023, knocking him out of the top 400.

Similarly, cosmetics mogul Estée Lauder’s granddaughter, Jane Lauder, is now worth $1.6 billion, less than half her $3.4 billion last year.

Gotham remains home to the most billionaires of any American city, with 41, worth a collective $517.5 billion, according to this year’s Forbes roundup. 

Los Angeles and San Francisco are second with 15 billionaires each. Austin, Texas, is second to the Big Apple when measuring billionaires’ net worth, at $382.2 billion.

The state on the top 1% of earners, who are taxed at an eye-popping 14.8%, for almost half of its tax receipts.

Over the past five years, billionaires including investor and Washington Commanders owner Josh Harris, hedge funder Daniel Och and investor Carl Icahn relocated from the Big Apple to Florida. 

Catsimatidis, who is worth $4.5 billion, cited sky-high taxes and quality of life issues as reasons his fellow magnates are fleeing New York. 

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