Apr 7, 2025 - News
These are the Washington area billionaires
Add Axios as your preferred source to
see more of our stories on Google.
The newest DMV billionaires are a duo who just took their energy company public, joining Forbes' annual list along with a handful of other locals.
Why it matters: Two dozen billionaires on the global list have local ties.
Follow the money: Mike Sabel and Bob Pender are founders of Venture Global Inc., an Arlington-based liquefied natural gas company that went public in January (good timing), Washington Business Journal reports.
- Sabel, a former investment banker who lives in D.C., and Pender, a D.C. attorney who lives in Falls Church, both rank No. 323 on Forbes' list — with net worths of $9.1 billion.
Newcomers include Washington Spirit owner Michele Kang, United Therapeutics founder and CEO Martine Rothblatt, Salamander Collection CEO Sheila Johnson, and fast casual restaurant entrepreneur Ron Shaich, who is chairman of Cava.
- Secretary of Commerce Howard Lutnick, who bought Bret Baier's $25 million Foxhall mansion in December, makes the list for the first time, as well.