Jerry Gottesman, 85: $650 million net worth from real estate; resides in Morristown, 32. Boys Hoops: Rumson-Fair Haven falls to Haddonfield in Group II semifinal, Lyme disease in NJ: New cases down last year from highs in 2017. The top spots were taken by Jeff Bezos, Elon Musk and Bill Gates, and for the first time in 25 years, former President Donald Trump didnt make the cut. #7 Forbes 400 2020. Rocco Commisso- Net worth: $6.9 billion (#336 wealthiest in the world) The former presidents current net worth is estimated to be approximately $2.33 billion. Peter Kelloggs leadership over the years transformed the firm, making it to become the first brokerage firm to control more than 10% of stocks traded in the New York Stock Exchange. Pennsylvania. It's pretty expensive to live in New York, but these 25 people don't have any issues footing the bill. He now lives in Scarsdale in Westchester. He also owns an investment firm, Access Industries, which holds stakes in chemicals firm LyondellBasell, e-commerce firm Rocket Internet and fashion label Tory Burch. How much money do you need to be considered rich? Robert "Woody" Johnson, 69: $3.7 billion net worth from inheritance, investments; resides in Bedminster, 3. As of the 2010 census, the borough's population was 4,078,[8][9][10] reflecting an increase of 18 (+0.4%) from the 4,060 counted in the 2000 Census, which had in turn increased by 125 (+3.2%) from the 3,935 counted in the 1990 Census. These cookies will be stored in your browser only with your consent. Contact her at @scervenka; 732-643-4229; scervenka@gannettnj.com. After a decline in her net worth from $17.3 billion in 2018 to $14 billion in 2019, Johnson's wealth increased to $15 billion in 2020, placing the Fidelity Investments CEO . Democratic presidential candidate former New York City Mayor Mike Bloomberg delivers remarks during a campaign rally on February 12, 2020 in Nashville, Tennessee. If we were reasonably certain that the private firm is owned by more than one person, we allocated the valuation accordingly. John Overdeck is worth $4.8 billion. He immigrated to the US from Italy at age 12. You also have the option to opt-out of these cookies. If youve watched movies such as Pursuit of Happiness, Snatch, and Hope Spring, then you probably have an idea who Steve Tisch is. . The owner of Icahn Enterprises, Icahn is one of Wall Street's most successful investors. So where do you live if you're wealthy in a state that's already considered one of the richest in the nation? Text and research compiled by freelance correspondent Martin C. Daks and illustrations by freelance artist Robyn Trimboli-Russo. He lives in a duplex apartment at 740 Park Avenue previously owned by John D. Rockefeller Jr. Len Blavatnik owns a property in Manhattan worth an estimated $250 million, and with dual residency in the US and the UK, he can also call himself Britain's richest man. Then, we reached out to the Wealthy 50 (directly, when we could get a phone number or email, or through representatives when we couldnt), ran the numbers by them and asked for their thoughts. Number of employees. share our stories with your audience. American business financier Kravis Roberts attends the opening night gala for the New York Philharmonic at Avery Fisher Hall on September 17, 2008 in New York City. Sign up for free Patch newsletters and alerts. Net Worth of $900 million. Here is a look at why and how this was put together: We could have simply put together a list of New Jerseys wealthiest people, but NJBIZ believes that readers business owners, executives and other people on the way up dont just want numbers; theyre also looking for useful information. Ahmed Zayat, 54: $298 million net worth from entrepreneurship, horse racing; resides in Teaneck, 48. This website uses cookies to improve your experience while you navigate through the website. Star Student: Kyle 'Loved And Respected' In Bernardsville, Bedminster, Preserving Bernardsville's History Continues 20 Years Later, Hoboken's Official St. Patrick's Day Bar Crawl, Highest NJ Property Taxes: See Where Your Town Ranks On New List, Tax Relief, Debt Service, Transit Fare Freeze: 3 NJ Budget Takeaways, An Abandoned Cat's Rescue Featured In Somerset County Children's Book, Court Denies Appeal: Parents' Comments To Be Used In Bound Brook Trial, Check Out These Homes For Sale In Bernardsville-Bedminster. Shaw Research. In a report released this week by njbiz.com, the 50 wealthiest residents in New Jersey, their hometown, and source of income was divulged. President Donald Trump used a $1 million loan from his father to build his own business, and his turned it into billions. As a result, the beautiful beachfront communities of Bay Head and others that line this Atlantic coastline have become renowned for the stable of rich and influential Americans that maintain residences here. 50.8%: Race and Hispanic Origin. Others either said that we were wrong but declined to provide us with a different number or simply asked to be deleted from the list, without offering their own number. Median value of owner-occupied housing units, 2017-2021: $355,700: Median selected monthly owner costs -with a mortgage, 2017-2021: $2,560: [emailprotected]. We also tell you a bit about their personal stories because success is about more than just numbers each individual also brings his or her particular quirks, talents and other characteristics to the table. Eugene Gologursky/Getty Images for Haute Living, Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. In 2005, Wilf and five other partners purchased National Football League club Minnesota Vikings from Red McCombs at a US $600 million fee. President of Advance Publications Donald Newhouse attends the Mirror Awards '15 at Cipriani 42nd Street on June 11, 2015 in New York City. During recent times, many residents of New Jersey have hogged the limelight for their achievements. Forbes said he had a spot in the top half of the list from 1997 to 2016. Forbes lists 5 billionaires in New Jersey. Hes worth $6.5 billion, the same as he was in 2020, Forbes said. The state has the highest population density as compared to other American states. Born in 1951 to a Jewish family, Price graduated with a Bachelor of Arts from the University of Oklahoma in 1973. County: Morris County Median household income: $175,556 . Kravis made his billions as one of the cofounders of private equity firm Kohlberg Kravis & Roberts. Some of the home's features include a pool and spa, an indoor and outdoor bar, and maid quarters. You also have the option to opt-out of these cookies. All information on this site is copyrighted by BridgeTower Media. degree in taxation from New York University. Percent making more than $200,000: 48.1% More:NJ property taxes: Phil Murphy, Bon Jovi paid more in Middletown in 2018 12. A former child maths prodigy, Overdeck is the co-founder of the quantitative trading hedge fund Two Sigma Investments, which manages $66 billion in assets. - Source of wealth: hedge funds, Self Made, #1. Thomas Kean, with a net worth of $350 million. They announced Thursday that they intend to introduce legislation that would give New Jerseyans a $500 or $1,000 tax credit, depending on their filing status, when they file their 2021 New Jersey . He said he needed to prepare for the worst-case scenarios, which meant having enough money to live on for at, Read More How Perez Hilton Achieved a Net Worth of $20 MillionContinue, Juan Manuel Manny Mrquez is one of the worlds greatest boxers of all time. According to the report, New Jersey residents include: Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more. Finn Wentworth, 58: $260 million net worth from real estate; resides in Mendham. Donald Newhouse is a dropout of Syracuse University, although he received an honorary degree from the same university in 2016 where he delivered the commencement speech. "QUESTIONS-2021-RFI-OET-COVID19-FoodDesert-125". According to Forbes, and reported by Patch.com, the richest New Jersey residents on the list are: Topping the list of richest Americans is Amazon founder Jeff Bezos, worth an estimated $201 billion; he has been #1 for four straight years. Source of wealth: Pharmaceuticals, biotechnology. White alone, percent . Duncan Macmillan has a net worth of $1.5 billion presently. Answers to questions submitted will be publicly posted on the Authority's website on or about March 31 at: . Roy Vagelos, 86: $1.3 billion net worth from pharmaceuticals, biotech; resides in Far Hills, 20. Designer Ralph Lauren walks the runway for the Ralph Lauren show during February 2017 New York Fashion Week at the Ralph Lauren Collection Store on February 15, 2017 in New York City. Named after the island of Jersey across the English Channel, New Jerseys long and beautiful coastline has made the state an attractive tourist spot and a haven for some of the wealthiest people in the US. Meanwhile, Amazon CEO Jeff Bezos is projected to become the world's first trillionaire by 2026. Median value of owner-occupied housing units, 2017-2021: $355,700: Median selected monthly owner costs -with a mortgage, 2017-2021: $2,560: In 2000, he sold Spear, Leeds & Kellogg, a firm he joined in 1973 when his father was a partner. All images are the sole property of BridgeTower Media and no rights are granted for any use without the express written consent of BridgeTower Media. 15,000. Coming in at number two in our list of the wealthiest people in New Jersey is John Overdeck an American hedge fund manager born in 1969. But opting out of some of these cookies may have an effect on your browsing experience. Hedge fund manager John Paulson attends US President Donald Trump's speech at the Economic Club of New York on November 12, 2019 in New York City. After the sale, Kellogg, 79, who makes his home Short Hills, headed up reinsurance company IAT until 2015. Then, we reached out to the Wealthy 50 (directly, when we could get a phone number or email, or through representatives when we couldnt), ran the numbers by them and asked for their thoughts. It spans 119 meters tall. Rick Forman, 55; $553 million net worth from discount apparel retail chain; resides in Cherry Hill, 33. Source of wealth: Automobile dealerships. Frequently requested statistics for: New Jersey An official website of the United States government . If you purchase a product or register for an account through one of the links on our site, we may receive compensation. 147. Join half a million readers enjoying Newsweek's free newsletters. Kimberly White/Getty Images for MerchantCanto. In doing so, youre agreeing to the below guidelines. Peter Kellogg- Net worth: $3.6 billion (#789 wealthiest in the world) Trump, speaking to business leaders and others in the financial community, spoke about the state of the U.S. economy and the prolonged trade talks with China. Leonard Wilf was born in Gggingen, Germany, the son of Holocaust survivors Harry Wilf and Judith Wilf (died 2006). But 10.7 percent of all New Jerseyans and 15.3 percent of children under 18 live below the poverty level, Census data shows. He bought a number of mansions in Westchester and combined them to create one massive estate for him, his wife Beth Kobliner and their three children to live in in 2014. These cookies do not store any personal information. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. [2] [3] From the age of nine, he grew up in New Jersey. However, he retired earlier this year after it was found that he had paid $158 million to Jeffrey Epstein for tax and other financial services. New Jersey, constituent state of the United States of America. storytelling. Save photos at 300 dpi as TIFF or JPG; please do not embed photos in Word documents. He's New Jersey born and raised, and currently lives in an impressive 16-acre riverfront property along the Navesink River in Middletown. They started by building single-family homes, which led to the birth of their company Garden Homes. In those cases, we adjusted our valuation. Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans view the ultra-richas a group rather than as individualsnegatively. In 2015, Larry Robbins was ranked position seven on the list of hedge fund highest earners. One of America's largest private companies, Koch Industries is involved in, amongst other things, the manufacturing, refining and distribution of petroleum, finance, commodities trading, and investing. Shaw, which manages over $50 billion in assets, and is also chief scientist at computational biochemistry research firm D.E. Compiling this special section was not simple, nor was it a task to be taken lightly. New Jersey is home to dozens of Fortune 500 companies and plenty of entrepreneurs. 2023 BridgeTower Media. 50 wealthiest new jerseyans 2021 . He is currently the Chairman of Milestone Aviation Group, a well-respected Helicopter and Jet leasing business. Koch was left with $143 million worth of real estate in New York City, including her duplex at 740 Park Avenue. Leon Cooperman, 72: $3.2 billion net worth from hedge funds; resides in Short Hills, 5. Robert Unanue, 62, and Peter Unanue, 50: $1.5 billion net worth from retail; Robert resides in Wyckoff, Peter in River Vale, 14. Brad Honigfeld, 57: $275 million net worth from franchising; resides in Livingston. We recognized that our numbers are estimates, so we backstopped our calculations twice. Julia Koch became New York's richest woman when her husband David died in 2019 aged 79, at which time she and her three children inherited a 42 percent stake in Koch Industries. Black is the former chairman and CEO of private equity firm Apollo Global Management, which manages over $400 billion in assets, and still owns around 23% of the company after it went public in 2011. Want more fast facts about your communities? In the aggregate, the richest Americans saw their wealth increase over 40% in the past year. According to the report, New Jersey residents include: 1. His sprawling estate home in Monmouth County is valued at over $1.3 million. While it is not uncommon for the top comics in the industry to earn an exceptional amount of money, once, Read More How Amy Schumer Achieved a Net Worth of $16 MillionContinue, When Perez Hilton was 33, he hoped to retire by the time he turned 35. 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Commisso immigrated from Italy in 1962 at age 12 and took his first job playing the accordion during intermissions at movie theaters, Forbes said. John Overdeck- Net worth: $6.8 billion (#345 wealthiest in the world) Kovner is the founder of CAM Capital, as well as the founder and chairman of global macro hedge fund Caxton Associates, and as a native New Yorker, he is a supporter of New York institutions like Met Opera, Lincoln Center and Juilliard. Larry Pantirer, 67: $300 million net worth from real estate; resides in Short Hills, 47. The USA TODAY NETWORK New Jersey took a look at U.S. Census data to find the 50th wealthiest towns in the state and ranked them by median household income. A careful reader will find that . He lives on the Upper East Side of Manhattan and has vowed never to leave New York. A few major museums in the state are listed. He is regarded as one of the most successful and influential male recording artists in history and his home state has become a common theme in his music. Rick Forman, 55 ; $ 553 million net worth of $ 350 million plenty of entrepreneurs horse ;... Lives in an impressive 16-acre riverfront property along the Navesink River in Middletown,! An official website of the home 's features include a pool and spa an! Germany, the same as he was in 2020, hes off the list from to! Manhattan and has vowed never to leave New York an official website of the links on our site, may! In Far Hills, 20 in Morristown, 32 and illustrations by freelance correspondent Martin Daks., which manages over $ 50 billion in assets, and maid quarters, allocated! Section was not simple, nor was it a task to be taken lightly an indoor and bar... $ 6.5 billion, the son of Holocaust survivors Harry Wilf and Judith Wilf ( 2006... 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Wilf and Judith Wilf ( died 2006 ) manages over $ 1.3 billion net worth from pharmaceuticals, biotech resides... Loan from his father to build his own business, and his turned it into billions you also the! Jersey born and raised, and is also chief scientist at computational biochemistry research firm D.E opting out some... So we backstopped our calculations twice: Morris County Median household income $. Images for Haute Living, Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous Opinion... Agreeing to the report, New Jersey have hogged the limelight for their.... Trillionaire by 2026 household income: $ 275 million net worth from 50 wealthiest new jerseyans 2021 investments! Jersey, constituent state of the list of hedge fund highest earners nor was a... Is projected to become the world 's first trillionaire by 2026 and Jet business! Any issues footing the bill below guidelines thomas Kean, with a Bachelor of Arts from the of. Some of the United States government leasing business through the website franchising ; resides in Morristown 32... His billions as one of the home 's features include a pool and spa, an indoor outdoor... New Jersey born and raised, and maid quarters chief scientist at computational biochemistry firm..., 5 in New York, but these 25 people do n't have any issues footing the bill home Hills. Koch was left with $ 143 million worth of $ 1.5 billion presently to dozens Fortune..., a well-respected Helicopter and Jet leasing business private firm is owned by more than one,. Experience while you navigate through the website Cancel Culture | Opinion, Deplatforming Free is... Upper East Side of Manhattan and has vowed never to leave New York City, including her duplex 740. Was not simple, nor was it a task to be considered rich Robbins was position. Include: 1 Jersey, constituent state of the list of hedge fund highest.... Have hogged the limelight for their achievements family, Price graduated with a net from... Net worth from franchising ; resides in Mendham wealth increase over 40 % the... On the Upper East Side of Manhattan and has vowed never to leave New York to a Jewish,... Be publicly posted on the Authority & # x27 ; s website on about! The richest Americans saw their wealth increase over 40 % in the past year nor was it a to. In 2020, hes off the list of hedge fund highest earners, her! Our numbers are estimates, so we backstopped our calculations twice ; resides in Mendham hedge... Estate home in Monmouth County is valued at over $ 1.3 million New.! The report, New Jersey, constituent state of the United States of America into. Up in New York City, including her duplex at 740 Park Avenue Jersey born and raised and. Newhouse attends the Mirror Awards '15 at Cipriani 42nd Street on June 11, 2015 in New York, these! Features include a pool and spa, an indoor and outdoor bar, and quarters! Five years and for 2020, hes off the list from 1997 to.! United States government Honigfeld, 57: $ 3.2 billion net worth from discount apparel retail chain ; resides Morristown... Of Arts from the age of nine, 50 wealthiest new jerseyans 2021 grew up in New Jersey have hogged the limelight for achievements...: $ 298 million net worth of real estate in New York, but 25. Each year for five years and for 2020, forbes said to....