Thomas hagan biography net worth

Jonathan hirt hagen

The past 12 months have brought difficult financial times for many. Inflation remains high and the stock market is yet to fully recover. Even the wealthiest have seen their fortunes flag. Forbes's annual list of the world's billionaires shows that the number of people worldwide with a digit net worth declined over the past year from 2, to 2, Erie's Tom Hagen, longtime chairman of Erie Insurance, meanwhile, saw his net worth buoyed by the rising value of Erie Indemnity stock.

More: Erie Insurance sees success with hybrid work model. In a month period, the Dow Jones industrial average, an index of 30 top large-company stocks, has fallen by 3. That makes him the th wealthiest person in the world, according to Forbes. That's a long way from Bernard Arnault, of France, a fashion and cosmetics mogul whose brands include Louis Vuitton and Sephora.

Hagen, however, is worth substantially more than former President Donald J. A retired U. More: Gannon deal with Erie's Hagen spares mansion; one sold and another to be moved.