Forbes: Richest person in Milwaukee is former Bucks owner, Senator Herb Kohl

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MILWAUKEE — Forbes has released its inaugural list of the richest people in the nation’s 50 largest cities this week, and there are no billionaires in Milwaukee.

The richest person in Milwaukee is former Milwaukee Bucks owner and former United States Senator Herb Kohl.

Kohl is worth an estimated $630 million.

Apparently, that comes after selling the Bucks to a new ownership group for $550 million, and perhaps before Kohl pays out $100 million he pledged for the new downtown arena.

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