QUINCY – Granite Telecommunications owner and FoxRock Properties co-founder Robert Hale has a net worth of $5.4 billion, which makes him the world’s 553rd richest person, according to Forbes.
That is a places higher than his 568th rank last year.
Hale is the sixth richest person in Massachusetts and 203rd richest in the country.
Forbes has profiled him as one of America’s 400 wealthiest people for three straight years. Hale increased his wealth by $400 million since last year, according to Forbes. Since 2022, his wealth has grown by a staggering $2.2 billion.
Prior to 2022, he did not appear on Forbes’ list of billionaires.
A native of North Andover with homes in Hingham and Boston, Hale founded Granite Telecommunications in 2002 after his previous business, Network Plus, went bankrupt and laid off hundreds of employees, according to Forbes.
In a May 2023 press release, the company said it surpassed its annual revenue goal of $1.85 billion thanks to $50 million in revenue growth over the preceding year.