Solar entrepreneur is NM’s first billionaire
April 7, 2021
Longtime Albuquerque resident Ron Corio is now billionaire No. 2,524 on Forbes’ annual list of the world’s richest people.
The magazine, which published its latest rundown of global billionaires this week, said Corio is New Mexico’s first billionaire, with a net worth of $1.1 billion as of April 6.
The New Jersey native, who came to New Mexico in 1979, launched Array Technologies in 1989 at the age of 28 with just $16,000 in personal funds. He built the company – which makes tracking systems for solar arrays that tilt and turn the panels to follow the sun – into a manufacturing mammoth that now controls 30% of the U.S. solar-tracker market.