Solar entrepreneur becomes New Mexico's 1st billionaire

Apr 8, 2021

ALBUQUERQUE, N.M. (AP) — A longtime Albuquerque resident has been listed as a billionaire on Forbes' annual list of the richest people in the world. The magazine published its latest rundown of global billionaires this week. The Albuquerque Journal reported that Ron Corio is the state's first billionaire. He came to New Mexico in 1979 from New Jersey and launched Array Technologies, Inc. in 1989. The company makes tracking systems for solar arrays that move to follow the sun. Forbes reported Corio is one of 2,755 global billionaires included on the list and one of 724 in the U.S. Forbes says he had a net worth of $1.1 billion as of Tuesday.