13 Richest Persons in Rhode Island and Their Sources of Wealth

This article outlines the richest persons in Rhode Island 

Jonathan Milton Nelson

Jonathan Milton Nelson is an American businessman. He was born in born 1956 and he’s the founding father of Providence Equity Partners, which may be a global private equity firm based in Providence, Rhode Island. Providence Equity Partners manages funds with over US$40.7 billion in commitments

Jonathan Nelson is an American businessman who features a net worth of $1.8 billion dollars and he’s the richest person in Rhode Island.

Jonathan Nelson graduated from Brown University with a degree in Economics, and went further to badge his M.B.A. degree from Harvard University.

He worked with Wellman, a chemical company based in China, after which he returned to the us to launch his own company which he named, Providence Equity Partners.

The company was established to manage investments in media, information services, education, and communications. Of recent, Providence Equity made a $3 billion cash in of the sale of their stake in Kabel Deutschland, a German cable company. They currently manage over $25 billion, and that they also own variety of smaller, private companies.

Hope Hill van Beuren

Hope Hill van Beuren is a Campbell Soup heiress whose net worth is over $1.2 billion. Her grandfather, John T. Dorrance, invented the condensed soup process

Campbell Soup heiress son, named Archibold led Campbell’s sales division until October 2009. he’s now a director of the firm. Her chemical engineer grandfather John T. Dorrance developed method of canning condensed soup in 1897 that used half the maximum amount water, cutting costs by a 3rd . Today Campbell’s, which has sales of $7.6 billion, is that the world’s leading soup maker; also owns other familiar brands: Pace (salsa), V8 (vegetable juice), Pepperidge Farm (cookies, Goldfish), Swanson (broth).

Larry Merlo

Larry Merlo became the CEO and President of CVS Health within the year 2011. Since he took over the helm, the expansion of the corporate has been remarkable. they need expanded since that point to have 9,700 pharmacies also ass 1,100 enter clinics. The company’s net revenue for 2016 was $177.5 billion.

The estimated Net worth of Larry J Merlo is over $79.4 Million as of January 2021. He owns over 64,350 units of CVS Health Corp stock worth over $42,917,239 and over the last 17 years.

Gina Marie Raimondo

Gina Marie Raimondo was born in May 17, 1971. he’s also an American politician and speculator served because the us secretary of commerce. A member of the Democratic Party , she served because the 75th and first female governor of Rhode Island from 2015 to 2021.

She was the General Treasurer of Rhode Island from 2011 to 2015. She was selected because the Democratic candidate for Rhode Island’s governorship within the 2014 election. Raimondo won the election on November 4, 2014, with 41% of the vote, during a three-way race, against the mayor of Cranston, Republican Allan Fung, and businessman Robert Healey. She won re-election on November 6, 2018. She resigned as Governor in March 2021 to succeed Wilbur Ross because the us secretary of commerce.

Gina Raimondo’s net worth is estimated to be about $320 million USD. Her major source of wealth is from her political career.

Paul Kazarian

Paul Kazarian may be a famous American businessman. He was born on October 15, 1955 and his birthplace is us .

Paul Kazarian’s net worth is estimated to be $1 million – $3 million dollars. His major source of wealth is from his career as a Businessman.

Joseph R. Paolino Jr.

Joseph R. Paolino Jr. was born in April 26, 1955. he’s an American politician and diplomat and was also the previous 33rd mayor of Providence, Rhode Island and US Ambassador to Malta. He was previously the previous Director of the RI Department of Economic Development and currently may be a managing partner for Paolino Properties.

Joseph R. Paolino is an actor, and has been well known for the movies “A Matter of Degrees, 1990” and “Hannity, 2009”.

His Net Worth is estimated to be about $800,000

Helena Foulkes

Helena Foulkes is that the former Chief military officer (CEO) of Hudson’s Bay Company. She earned her Bachelor of Arts degree from Harvard University after which she later went further to earn a Master of Business Administration degree from an equivalent institution.

After she graduated from Harvard University, Foulkes worked for a brief period of your time at Goldman Sachs and Tiffany & Co. She started performing at CVS in 1992 of which she later became the company’s executive vice chairman and chief marketing officer. She oversaw the launch of the ExtraCare card, which was a membership program offering savings to participants. Foulkes also created the Pharmacy Advisor program, its purpose being to supply advice to customers with chronic conditions, either in stores or over the phone.

In 2011, CVS made Foulkes its chief health care strategy and marketing officer, a replacement position created for her. Foulkes oversaw 9,600 retail stores and 18 distribution centers as part of her role in July, 2015. She helped spur the choice to prevent selling cigarettes and tobacco products, citing the necessity for CVS to raised position itself as a healthcare company. She oversaw the company’s philanthropic endeavors, and developed digital strategies to assist consumers find out how to satisfy their pharmaceutical needs

In 2015, she was included on Fortune magazine’s list of most powerful women  citing her role within the “$1.9 billion purchase of Target’s prescription-filling business a deal which can give CVS the foremost pharmacy locations within the U.S and launching upgraded beauty and healthy food sections in many of the stores”.

Hudson’s Bay Co. who is the owner of Saks Fifth Avenue, named Foulkes as its new CEO on February 5, 2018, and it became effective on February 19. In her first few weeks as the CEO, Foulkes was focused on restructuring the company’s business strategies. Helena Foulkes Net Worth is about $26.5 Million.

Christina Hull Paxson

Christina Hull Paxson was born on 6 February, 1960.

Christina Paxson’s major source of wealth is typically from her successful career.

Paxson was selected because the 19th president of Brown University in March 2012. She officially succeeded Ruth Simmons on Dominion Day , 2012 and was inaugurated on October 27, 2012.

In 2000, she founded the center for Health and Wellbeing at Princeton, an interdisciplinary research center based within the Wilson School. She served as the chairperson of Princeton’s department of economics in class year 2008–09. She also served as the founding director of an NIA Center for the Economics and Demography of Aging at Princeton. During her time at Princeton, Paxson also served as a professor at the University of Pennsylvania’s Wharton School.

Paxson’s research is targeting the impact of childhood health and circumstances on economic and health outcomes over the life course; the impact of the AIDS crisis on children’s health and education in Africa; and thus the top of the day consequences of Hurricane Katrina on the mental and physical health of vulnerable populations. She also served as the Senior Editor of the long run of kids, which is an interdisciplinary journal that’s aimed to make a bridge between vanguard science research and thus the policy community.

Paxson has also maintained numerous institutional affiliations: additionally, to being a member of the Council on Foreign Relations, she was elected to the American Academy of Arts and Sciences in 2017. The previous year, she became a member of the Board of Directors of the Federal Reserve System Bank of Boston. After serving as the deputy chairperson, she became the chairperson of the Board of Directors in 2021. In 2018, Paxson received an honorary doctorate degree from Williams College.

Nigel John Taylor

Nigel John Taylor was born in June 20, 1960. he’s an English musician, singer, songwriter, producer, and actor. he’s best mentioned because the bass guitarist for brand fresh romantic band Duran Duran, of which he was a founding member. Duran Duran was one of the foremost popular bands within the planet during the 1980s due partially to their revolutionary music videos which played in heavy rotation within the youth of MTV.

Nigel John Taylor features a net worth of $30 million. He has appeared in several films since then and held the lead role within the film, Sugar Town. In 2001, Taylor rejoined the band for an epic reunion and currently plays for them. During his youth days, Taylor moved to Birmingham where his musical career thrived. He has also played with acts just like the facility Station, Neurotic Outsiders, and Robert Palmer.

Scott Donnelly

Scott Donnelly was born on 1961 in American, estimated Net worth is about $69.6 Million as of February 2021. Scott Donnelly is said to own over 300,000 units of Textron stock which is worth more than $50,675,972. He makes a fortune as the Chairman of the Board, President, and Chief officer at Textron.

Donnelly is Chairman of the Board, President, and Chief officer of the company . Mr. Donnelly was the President and CEO of General Electric Company’s Aviation business unit, a foothold he had held since July 2005. GE’s Aviation business unit could also be a number one maker of economic and military jet engines and components, also as integrated digital, electric power and mechanical systems for aircraft.

Before July 2005, Scott Donnelly served as senior president of GE Global Research, one of the world’s largest and most diversified industrial research organizations with facilities within the U.S., India, China and Germany.

Paul J. Salem

Paul J. Salem is Chairman of the Board of the company . he’s Senior director Emeritus, Providence Equity Partners (“Providence”) since 2018, with Providence from 1992 – 2018, which focuses on investing within the media, communications, education and knowledge industries by employing a selection of financing structures and target equity investments and bringing industry, financial, operational and leadership expertise to portfolio companies.

Previously served as a director of Grupo TorreSur, Asurion, Eircom, Madison River Telecom, MetroNet (formerly AT&T Canada), PanAmSat, Tele1 Europe, Verio, Wired Magazine, Education Management Corporation and variety of other other Providence investments. before joining Providence in 1992, worked for Morgan Stanley in finance and mergers and acquisitions and before Morgan Stanley spent four years with Prudential Investment Corporation. Chairman of Year Up, a national non-profit focused on closing the prospect divide for urban young adults, and a member of Edesia Global Nutrition, a non-profit dedicated to treating and preventing malnutrition within the world’s most vulnerable populations. Serves on the design board of the Carney Institute for neuroscience at Brown University .

Glenn M Creamer

Glenn Creamer could also be a Senior director of Providence Equity Partners, a worldwide private equity firm based in Providence, Rhode Island which manages funds with US$27 billion in commitments.

Upon graduating HBS, Creamer joined Narragansett Capital, a private equity firm based in Rhode Island, where he was president. When he was at Narragansett Capital, he was focused on the firm’s investments in broadcasting, newspaper publishing, and cable television.

Creamer currently is senior director of Providence Equity Partners and works out of the firm’s headquarters in Providence,

The estimated Net worth of Glenn M Creamer is over $3.2 Billion

Tom Ryan

Tom Ryan is CEO/Co-Founder at Smashburger

Smashburger is an American fast-casual hamburger chain founded in Denver, Colorado. As of February 2018, it’s quite 370 corporate and franchise-owned restaurants in 37 states and 9 countries.

Smashburger was founded in 2007 by restaurant industry veterans, Rick Schaden and Tom Ryan

The estimated Net Worth of Tom L Ryan is estimated to be over $72.2 Million.

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