Maryland—strategically positioned near Washington D.C.—hosts a number of powerful billionaires and ultra-wealthy individuals with ties to technology, biotech, private equity, and sports. Cities like Bethesda, Baltimore, and Potomac have become home to corporate giants and influential investors.
Here are the Top 10 Richest People in Maryland (2025), based on Forbes data, corporate disclosures, and regional economic records.
1. Ted Lerner & Family – $6.8 Billion
Source of Wealth: Real Estate, MLB (Washington Nationals)
Residence: Chevy Chase, MD
The Lerner family built its fortune through Lerner Enterprises, one of the largest real estate companies in the D.C. area. They also own the Washington Nationals baseball team, bringing major influence to Maryland’s sports and business scenes.
2. Mitchell Rales – $6.4 Billion
Source of Wealth: Manufacturing, Investments (Danaher Corp.)
Residence: Potomac, MD
Mitchell Rales is a co-founder of Danaher Corporation, a Fortune 500 science and technology conglomerate. He is also a major arts philanthropist, backing the Glenstone Museum in Montgomery County.
3. David Rubenstein – $3.9 Billion
Source of Wealth: Private Equity (The Carlyle Group)
Residence: Bethesda, MD
Rubenstein co-founded The Carlyle Group, one of the largest global private equity firms. He’s also a prominent philanthropist and TV host, known for donating to cultural institutions and historical preservation.
4. Bernard Saul II – $3.2 Billion
Source of Wealth: Real Estate (Saul Centers Inc.)
Residence: Chevy Chase, MD
Saul Centers is a major real estate investment trust (REIT) focused on retail and office properties. Bernard Saul II continues the family legacy and is deeply connected to Maryland’s business and Catholic philanthropic circles.
5. Stephen Bisciotti – $2.9 Billion
Source of Wealth: Staffing (Allegis Group), NFL (Baltimore Ravens)
Residence: Owings Mills, MD
Owner of the Baltimore Ravens, Bisciotti made his fortune through Allegis Group, the largest privately held staffing company in the U.S. He is a prominent figure in both sports and regional workforce development.
6. Dan Snyder – $2.1 Billion
Source of Wealth: Advertising, Former NFL Owner (Washington Commanders)
Residence: Potomac, MD
While he sold the Washington Commanders in 2023, Snyder retains wealth from his media and sports ventures. His real estate and investment activity in Montgomery County keeps him among Maryland’s elite.
7. Robert Duggan – $1.7 Billion
Source of Wealth: Biotech (Pharmacyclics, Pulse Biosciences)
Residence: Annapolis, MD
Duggan made his fortune selling Pharmacyclics to AbbVie for $21 billion. He now leads biotech innovation through Pulse Biosciences, with labs and ventures based in Maryland’s biotech corridor.
8. Jim Davis (Maryland Holdings) – $1.5 Billion
Source of Wealth: New Balance (Footwear)
Residence: Seasonal residence in Maryland (primary: Massachusetts)
Though based in Boston, Davis owns estates and business holdings in Maryland, especially in Baltimore’s industrial real estate sector and Annapolis’s waterfront properties.
9. Judy Faulkner (Maryland Investments) – $1.3 Billion
Source of Wealth: Health Tech (Epic Systems)
Residence: Split between Wisconsin & Bethesda, MD
Founder of Epic Systems, Faulkner’s real estate and hospital partnerships in Maryland’s healthcare tech ecosystem earn her a spot among the state’s top individual stakeholders in healthcare IT.
10. Jim Kimsey (Estate & Family) – $1.1 Billion
Source of Wealth: Technology (AOL), Investments
Residence: Montgomery County, MD
AOL co-founder Jim Kimsey passed away in 2016, but his estate remains one of the most influential in Maryland’s tech and charitable foundations, especially in education and veterans’ services.
Summary Table
| Rank | Name | Net Worth (2025) | Source of Wealth | Residence |
|---|---|---|---|---|
| 1 | Ted Lerner & Family | $6.8B | Real Estate, MLB | Chevy Chase |
| 2 | Mitchell Rales | $6.4B | Danaher Corp., Glenstone | Potomac |
| 3 | David Rubenstein | $3.9B | Carlyle Group | Bethesda |
| 4 | Bernard Saul II | $3.2B | Real Estate (REIT) | Chevy Chase |
| 5 | Stephen Bisciotti | $2.9B | Allegis, NFL | Owings Mills |
| 6 | Dan Snyder | $2.1B | Media, NFL | Potomac |
| 7 | Robert Duggan | $1.7B | Biotech | Annapolis |
| 8 | Jim Davis (MD Assets) | $1.5B | New Balance | Annapolis |
| 9 | Judy Faulkner | $1.3B | Health IT | Bethesda |
| 10 | Jim Kimsey (Estate) | $1.1B | AOL, Investing | Montgomery County |
Final Thoughts
Maryland’s wealthiest residents dominate industries ranging from real estate and biotech to private equity and sports. With close proximity to Washington D.C. and a strong presence in healthcare, defense, and media, Maryland continues to attract and retain some of the nation’s most powerful billionaires.
