New Hampshire's Rich and Famous Personalities
New Hampshire is a beautiful state located in the northeast region of the United States known as New England.
Hampton Falls, NH, is a coastal area where many wealthy residents visit or reside. Hampton Falls, NH, provides picturesque views of the Atlantic Ocean and beautiful homes.
New Hampshire is also home to some of the country's rich and famous personalities. When talking about this country's elite, we're talking about multi-millionaires, those with more than $500 million and billionaires.
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New Hampshire is home to several wealthy business people with Fortune 500 companies. Men like Rick Cohen, Patrick McGovern, and Martin Trust make the Forbes list of America’s 400 richest.
These three New Hampshire residents are some of the richest in the country, valued at $11 billion, 5 billion, and $600 million, respectively.
Rick Cohen is ranked number 42 on the Forbes 400 list
Cohen's net worth is estimated at $11.2 billion. The Cohen family is the richest in New Hampshire. His grandfather opened C&S Wholesaler Grocers in 1918 in Massachusetts. C&S Wholesalers is the largest grocery wholesaler in the whole country.
Rick later inherited the company and moved its HQ to New Hampshire, where he currently resides. His wealth is based on the company valuation as he is 100% owner.
He joined the Forbes list at #174 in 2014 with $1.4 billion and built the company's wealth every year since.
The Cohen family lives in a modest house valued at $1.5 million in Keene, NH. Rick is humble and keeps a low profile. Most of his neighbors do not even know who he is. Rick is a family man, married to Jan Cohen. He has three daughters with Jan.
Patrick McGovern
McGovern was born in Queens, NY but spent a lot of his adult life in New Hampshire and California. He often would travel back and forth between the two destinations to enjoy both locations and check on business ventures.
The Patrick McGovern estate is currently worth an estimated $5.7 billion. At the time of his death, he ranked #88 on the Forbes list of the 400 wealthiest Americans, which he joined in 2007. Worldwide, he ranked as the #244 billionaire.
He is the founder of the International Data Group (IDG) in Needham, MA. His company covers a wide array of business specialties but sold it to China Oceanwide Holdings after his death.
McGovern is also credited with starting the magazine PC World. He tended to dabble in many different business ventures.
One of his companies came up with the magnetic "For Dummies" series of books that became wildly popular in the 1990s and 2000s.
Mr. McGovern is also a philanthropist as he donated $350 million for brain research.
Lore Harp McGovern, his wife, survives Patrick. Patrick McGovern has four children, a son of the same name, Patrick, a daughter, Elizabeth McGovern. He also had two stepchildren, Dina Jackson, and Michelle Bethel.
Martin Trust
Mr. Trust is reportedly worth over $600 million. He was born in Brooklyn, New York, but worked all over the Northeastern United States. He graduated from Cooper Union with a degree in Mechanical Engineering and became an associate professor at the Lowell Technological Institute (LTI) and UMASS — Lowell.
He founded his company, MAST, which was crucial to the American and later the international fashion industry. Mr. Trust eventually sold MAST to a company called, The Limited Stores, Inc., now Limited Brands.
He founded Brandot International, LTD, a venture capital firm owned by the Trust Family Industries, Inc., of which Martin is President. Brandot provides venture capital to textile and fashion companies in exchange for a portion of the business.
References:
The Forbes 400 Richest People in America.
The Celebrity Net Worth article, Rick Cohen Net Worth $11.2 billion
The Celebrity Net Worth article, Martin Trust Net Worth $600 million
The Celebrity Net Worth article, Patrick McGovern Net Worth $5.7 billion
The Bloomberg Company profile for Brandot INTL LTD.
I originally published this article on News Break
Stephen Dalton is a retired US Army First Sergeant with a degree in journalism from the University of Maryland and a Certified US English Chicago Manual of Style Editor. Medium Top Writer in Travel, Fiction, Transportation, VR, NFL, Design, Creativity, and Short Story.
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