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www.HartfordBusiness.com • March 12, 2018 • Hartford Business Journal 5 source of a specialty steel used in U.S. submarine production. But Connecticut subcontractors to these defense giants could see the cost of raw materials increase. Potentially more harmful to General Dynamics and Lockheed Martin, the parent companies of Electric Boat and Sikorsky respectively, and to Pratt & Whitney is the threat of retaliation from U.S. allies and other overseas customers of the companies' military and commercial helicopters, airplanes and engines. — Ana Radelat | CT Mirror Forbes IDs 17 CT billionaires The Forbes 2018 billionaires ranking is out — and 17 Connecticut residents made the list. They all hail from the state's Gold Coast. On top is Greenwich's Ray Dalio, who is the founder of the world's biggest hedge fund, Bridgewater Associates. Forbes tagged his estimated net worth at $17.7 billion, which is the 70th highest on the magazine's worldwide list of 2,208 billionaires. Dalio's Westport hedge fund, Bridgewater Associates, received a $22 million aid package from the state in 2016 in exchange for a promise to add hundreds of jobs in Connecticut. Amazon's Jeff Bezos holds the top spot, with a net worth of $112 billion. Other Connecticut residents on Forbes' 2018 list include: Steve Cohen, founder of Stamford's Point72 Asset Management, $14 billion; Karen Pritzker, whose family founded the Hyatt hotel chain, $5.1 billion; Paul Tudor Jones II, founder of Greenwich-based Tudor Investment Corp., $4.5 billion; Andreas Halvorsen, CEO of Greenwich-based Viking Global Investors, $3.7 billion; and Clifford Asness, co-founder of AQR Capital Management in Greenwich, $3 billion. Lego's sales drop for the first time in 13 years How's this for bad luck: Lego sales have dropped for the first time in 13 years. Annual revenue dropped 8 percent in 2017, the Danish company said, ending a long streak of rapid growth powered by the success of its Star Wars products and "The Lego Movie." Lego said that sales were particularly weak in North America, where its headquarters is based in Enfield, and Europe. Profits also fell by 17 percent last year. "Overall we are not satisfied with the financial results," said CEO Niels Christiansen. He acknowledged that Lego had grown too big and complex, and said he would work to stabilize the business in 2018. "There is no quick fix and it will take some time to achieve longer term growth," he added. — CNNMoney Plan to revitalize CT runs into doubters A much-anticipated report on stabilizing state finances and jump- starting Connecticut's economy isn't likely to get far before legislators adjourn in early May to run for re-election. That's according to Rep. Jason Rojas (D-East Hartford) and Sen. L. Scott Frantz (R-Greenwich) who are leaders of the legislative panel with jurisdiction over most of the Commission on Fiscal Stability and Economic Growth's recommendations. Their insights came shortly after the sustainability panel issued a sweeping plan that included a dramatic shift in state tax burdens from wealthy income-taxpayers onto businesses and consumers. The plan also calls for a $15 per hour state minimum wage and an end to some state employee collective bargaining rights. — Keith Phaneuf | CT Mirror NY IT vendor opens Hartford beachhead A New York information-technology vendor has opened its first office outside the Empire State, in downtown Hartford. STEADfast IT, of Saratoga, N.Y., says it leased space in the 100 Pearl St. skyscraper and expects to have staff working there as of April 1. The company has 14 employees in New York. 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