The 9 Richest Families in New England

Monday, September 01, 2014

GoLocal News Team

Love, marriage, lineage - see which New England families have amassed the greatest fortunes, according to Forbes.

Who has the biggest bank account in New England?

Natinonally, Forbes Magazine has put out a list of "185 Clans with Billion Dollar Fortunes" -- and nine New England families made the cut.

See New England's Richest Families BELOW

So who's got the gilded coffers in the Northeast? Overall across the U.S, the Walton Family in Arkansas takes the country's top honors at $152 billion with the Wal-Mart fortune, with the Koch family a "distant" second at $89 billion.

In Massachusetts, the top net-worth family is Boston's Edward-Johnson clan, landing at 5th overall in the country at $39 billion. Following in Massachusetts are families who owe their fortunes to supermarkets and convenience stores -- and across New England, that includes construction and apparel companies.

Related Slideshow: The 9 Richest Families in New England

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#9

The Hascoe Family (CT)

Net worth: $1.1 Billion

National rank: #170

Norman Hascoe was the president and founder of the investment firm Hascoe Associates. Hascoe was a financier and engineer in the semiconductor industry. Hascoe served as president of the Jewish Institute for National Security Affairs.

Hascoe and his wife Suzanne donated a part of their personal collection of Czech art to the Bruce Museum in Greenwich, Connecticut.

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#8

The Cohen Family (NH)

Net worth: $1.3 Billion

National rank: #156

The Cohen family co-founded and own C&S Wholesale Grocers. C&S was founded by Israel Cohen and Abraham Siegel in 1918 in Worcester, Massachusetts. Rick Cohen, the third generation of the Cohen family to run the company, is the CEO.

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#7

The Gilbane Family (RI)

Net worth: $1.4 Billion

National rank: #147

Gilbane, Inc., based in Providence, Rhode Island, is a family-owned, national construction and real estate development company. Gilbane is one of the nation’s oldest builders. The company was founded in 1873 by William H. Gilbane and his brother Thomas as a family-run carpentry and general contracting shop in Providence, Rhode Island.

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#6

The Bean Family (ME)

Net worth: $1.8 Billion

National rank: #124

Leon Leonwood Bean, a hunter and fisherman, founded the company L.L.Bean in 1912 in Freeport, Maine. L.L.Bean, Inc. is now a leading multichannel merchant of outdoor gear and apparel.

The company began as a one-room operation selling a single product, the Maine Hunting Shoe (aka L.L.Bean Boot).

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#5

The Haseotis Family (MA)

Net worth: $2.1 Billion

National rank: #108

The Haseotis Family owns and operates Cumberland Farms, which is a regional chain of convenience stores.

Vasilios and Aphrodite Haseotes purchased a single-cow farm in Cumberland, Rhode Island in 1938. This grew into the largest dairy farm in Southern New England.

Cumberland Farms opened a dairy store in Bellingham, Massachusetts in 1958 and the first convenience store in the northeastern United States in 1962.

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#4

The Demoulas Family (MA)

Net worth: $2.2 Billion

National rank: #104

The DeMoulas family founded and own Market Basket, which is a growing chain of 71 supermarkets in New Hampshire, Massachusetts and Maine in the United States.

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