Six Georgians on Forbes’ Richest List

Anne Cox Chambers of Cox Communications

Six Georgians are among the nation’s richest people, with a certain fast-food mogul moving up the list, according to the annual Forbes 400 published Wednesday.

The richest among Georgia’s billionaires remains Anne Cox Chambers, the 92-year-old daughter of James M. Cox, the media mogul who built Cox Enterprises Inc. She ranks No. 32 in and has a current estimated net worth of $10.7 billion.

“Her net worth has dropped more than $1 billion since last year due to a decline in the value of public competitors, which are a proxy for Cox Enterprises,” Forbes noted.

Cox Chambers’ nephew James Kennedy, 64, ranks No. 61 with an estimated net worth of $5.4 billion. Forbes reported his net worth has dropped $600 million since last year “due to decline in the value of publicly traded competitors, which are a proxy for the value of Cox Enterprises.”

Chick-fil-A Inc. founder S. Truett Cathy, 91, ranks No. 89 with an estimated net worth of $4.2 billion. Last year, his net worth was estimated at $1.6 billion.

Bernie Marcus, the 83-year-old The Home Depot Inc. (NYSE: HD) co-founder, Georgia Aquarium benefactor and Atlanta philanthropist, ranks No. 151…

Read more: Atlanta Business Chronicle

Democracy needs journalism it can trust.

This election season, the stakes are higher than usual — and so is the pressure on newsrooms to soften their coverage, stay quiet, or just disappear. Independent reporting, the kind that answers to readers instead of advertisers or political pressure, matters more in a moment like this, not less.

For over 14 years, Atlanta Black Star has stayed independent and reader-funded. We have no corporate owner and no shareholders telling us what to cover or how to cover it. That independence is also our biggest vulnerability: nothing protects it except readers choosing to fund it directly.

Newspaper ad revenue has fallen more than 80% since 2005, and local newsrooms are closing at a rate of roughly two a week nationwide. When outlets go under in a moment like this, it's rarely the independent, reader-funded ones that get to stick around.

We know a request for support isn't why you came here. But without readers choosing to fund this work directly, the depth of reporting we can do at home and abroad shrinks along with everyone else's. If you're not in a position to give, that doesn't change how much we value you as a reader.

If you are able to, a recurring contribution does more for us than a single one-time gift, because it lets us plan the next investigation instead of just the next invoice. It takes about 30 seconds, no long form, no account. Thank you for continuing to support independent journalism and freedom of the press.

Back to top