The 10 Richest People in New Jersey

New Jersey, nestled in the northeastern part of the United States, is not only renowned for its picturesque landscapes but is also home to a cohort of extraordinarily wealthy individuals who have left an indelible mark on the state’s economic tapestry. As we delve into the lives of these affluent personalities, it becomes evident that New Jersey’s financial landscape is as diverse as its scenic beauty.

Our exploration will encompass a spectrum of industries, from technology and finance to real estate and entertainment, reflecting the multifaceted avenues through which these individuals have amassed their fortunes. These billionaires are also intricately woven into the fabric of their communities. From philanthropic endeavors that uplift education and healthcare to technological innovations that redefine industries, their influence extends far beyond personal prosperity.

This article aims to unravel the stories behind the financial triumphs, explore the varied business landscapes they have navigated, and shed light on the factors that position them among the wealthiest in the Garden State. Join us as we embark on a journey to uncover the tales of prosperity and impact in the lives of the 10 richest people in New Jersey.

The 10 Richest People in New Jersey

The table below shows a compiled list of the top 10 richest people in New Jersey, United States:

S/N	NAMES	NET WORTH
1.	David Newhouse	$15 billion
2.	John Overdeck	$7 billion
3.	Peter Kellogg	$3.3 billion
4.	Leon G. Cooperman	$2.8 billion
5.	Herb Kelleher	$2.5 billion
6.	Larry Robbins	$2 billion
7.	Duncan Macmillan	$1.5 billion
8.	Zygi Wylf	$1.5 billion
9.	Michael Price	$1.5 billion
10.	Steve Tisch	$1.5 billion

1) Donald Newhouse ($15 billion)

Donald Newhouse, a media magnate with an influential presence, stands atop the list of the richest people in New Jersey. Born on September 3, 1929, Newhouse is the president of Advance Publications, a media company that owns renowned publications like The New Yorker, Vogue, and Condé Nast. His entry into the media industry began with a newspaper route in high school, and he later joined his father’s business, building a media empire.

With a staggering net worth of $15 billion as of December 2023, Donald Newhouse’s financial success is rooted in the media empire he oversees. Advance Publications, under his leadership, has become a powerhouse in the media world. Newhouse’s contributions to journalism and media have secured his status as New Jersey’s richest individual, making him one of the most influential figures in the state’s business landscape.

2) John Overdeck ($7 billion)

John Overdeck is a distinguished mathematician turned hedge fund manager in New Jersey. Born on July 15, 1970, Overdeck holds a Ph.D. in applied mathematics from New York University. His journey in finance took an unconventional turn when he co-founded Two Sigma Investments, a hedge fund known for its quantitative approach to investment strategies. Overdeck’s expertise in mathematics and data analysis has played a crucial role in the success of Two Sigma.

With a current net worth of $7 billion, John Overdeck’s financial standing is intricately linked to the innovative strategies employed by Two Sigma Investments. The hedge fund’s use of technology and data science has set it apart in the financial landscape. Overdeck’s leadership has propelled Two Sigma to become a major player in quantitative finance, solidifying his position as the second wealthiest person in New Jersey.

3) Peter Kellogg ($3.3 billion)

Peter Kellogg, a notable figure in the financial sector, has made a mark through his successful ventures and strategic investments. Born on December 14, 1942, Kellogg’s journey into finance began with a degree in economics from Brown University. Over the years, he has played a key role in various financial institutions, including being a partner at Goldman Sachs. Kellogg’s financial acumen and investments have contributed to his current net worth of $3.3 billion.

Kellogg’s prominence in New Jersey’s wealth landscape is closely tied to his investments and leadership in finance. As a co-founder of the financial services firm Spear, Leeds & Kellogg, his impact resonates in the world of securities trading. Beyond finance, Kellogg has been involved in philanthropy, supporting causes related to education and healthcare.

4) Leon G. Cooperman ($2.8 billion)

Leon G. Cooperman has made a lasting impact in the world of finance. Born on April 25, 1943, in the South Bronx, Cooperman’s journey began with humble roots. After earning his MBA from Columbia Business School, he embarked on a successful career in finance, eventually founding Omega Advisors, a hedge fund known for its value-oriented investment approach. Cooperman’s expertise in stock picking and market analysis has contributed to his prominence in the financial community.

With a current net worth of $2.8 billion, Leon G. Cooperman’s financial standing is a testament to his decades-long career in investment management. Omega Advisors’ strategic investments and Cooperman’s astute decision-making have solidified his position among New Jersey’s wealthiest individuals. Beyond finance, Cooperman, the seasoned investor, is recognized for his philanthropic endeavors, focusing on education and healthcare initiatives.

5) Herb Kelleher ($2.5 billion)

Herb Kelleher, a legendary figure in the aviation industry, has left an enduring legacy as the co-founder of Southwest Airlines. Born on March 12, 1931, in Camden, New Jersey, Kelleher earned his law degree from New York University and later co-founded the law firm that played a pivotal role in the creation of Southwest Airlines. Kelleher’s vision for a low-cost, no-frills airline revolutionized the industry, making air travel accessible to a broader demographic.

With a net worth of $2.5 billion, Herb Kelleher’s financial success is intricately tied to the founding and success of Southwest Airlines. The airline, known for its innovative approach and exceptional customer service, became a major player in the aviation sector. Kelleher’s leadership and unconventional strategies propelled Southwest to new heights, making him a key figure in the business world and securing his place among the wealthiest individuals in New Jersey.

6) Larry Robbins ($2 billion)

Larry Robbins, a prominent figure in the world of hedge funds and philanthropy, has made a significant impact in the financial realm. Born on September 20, 1969, Robbins is the founder of Glenview Capital Management, a hedge fund known for its investments in healthcare. His journey into finance began with a degree in economics from the University of Pennsylvania, and he later honed his skills at the Wharton School. Robbins’ success story took a decisive turn when he founded Glenview Capital Management in 2001.

He focused on healthcare stocks and eventually expanded into other sectors. With a current net worth of $2 billion, Larry Robbins’ financial journey is closely tied to the success of Glenview Capital Management. The hedge fund’s strategic investments and Robbins’ adept management have contributed to his standing among New Jersey’s wealthiest individuals. Beyond finance, Robbins is recognized for his philanthropic efforts, supporting causes in education and healthcare.

7) Duncan Macmillan ($1.5 billion)

Duncan Macmillan has played a pivotal role in shaping the pharmaceutical and healthcare landscape. Born on March 27, 1944, Macmillan co-founded the generic drug company, Actavis, which later merged with Allergan. His foray into the pharmaceutical realm was marked by strategic decisions and a keen understanding of market dynamics. Macmillan’s contributions extend beyond business, as he has been actively involved in philanthropy, particularly in the field of education.

As of the latest estimates, Duncan Macmillan’s net worth is an impressive $1.5 billion. This financial standing is a reflection of his impactful journey in the pharmaceutical sector, where his leadership and vision have driven success. From navigating the complexities of drug development to making significant contributions to healthcare accessibility, Macmillan’s story showcases the intersection of business, innovation, and social responsibility.

8) Zygi Wilf ($1.5 billion)

Zygi Wilf is a prominent real estate developer and owner of the Minnesota Vikings. Born on April 22, 1950, in Germany, Wilf’s family immigrated to the United States, where they eventually built a successful real estate empire. Zygi, alongside his brother Mark, expanded the family business, Garden Homes, into a flourishing enterprise. Beyond real estate, Wilf is widely recognized as the principal owner of the Minnesota Vikings, a role he assumed in 2005.

With a current net worth of $1.5 billion, Zygi Wilf’s financial success is deeply intertwined with his real estate ventures and sports ownership. His ability to leverage opportunities in both sectors has positioned him among New Jersey’s wealthiest individuals. Whether transforming urban landscapes or leading a professional football team, Zygi Wilf’s journey epitomizes the fusion of business acumen and a passion for sports.

9) Michael Price ($1.5 billion)

Michael Price is an influential figure in the world of finance and investments. Born on October 6, 1951, Price is the founder of MFP Investors, a hedge fund known for its successful track record. His journey to financial success began with a stint at the Mutual Series fund, where he earned recognition for his value investing approach. Over the years, Price has navigated the complexities of Wall Street, amassing significant wealth through strategic investment decisions.

Presently, Michael Price’s net worth stands at an impressive $1.5 billion. This financial milestone reflects not only his expertise in investment management but also his ability to adapt to the ever-changing landscape of the financial markets. From his early days at Mutual Series to the establishment of his own hedge fund, Price’s financial journey is a testament to the rewarding outcomes that come with astute financial planning and investment expertise.

10) Steve Tisch ($1.5 billion)

Steve Tisch, a renowned film producer and businessman, stands at the intersection of Hollywood glamour and entrepreneurial prowess. Born on February 14, 1949, Tisch hails from a family deeply rooted in business, with his father, Bob Tisch, being a co-owner of the New York Giants. Steve Tisch made his mark in the film industry, co-producing iconic movies like “Forrest Gump” and “American History X,” but his contributions extend beyond the silver screen.

He also serves as the chairman and executive vice president of the New York Giants. As of the latest estimates, Steve Tisch boasts a net worth of $1.5 billion. This wealth is not solely derived from his success in the film industry but also from strategic investments and his involvement in the family’s business ventures. Tisch’s financial standing is a testament to his multifaceted career and keen business acumen.

Conclusion

As we conclude our exploration into the wealth landscape of New Jersey, it is clear that the state’s richest individuals are not just beneficiaries of financial prosperity but architects of change in their communities and industries. From technological innovators to real estate magnates, their stories weave a narrative of diversity, resilience, and achievement.

These titans of industry have not only shaped the economic fabric of New Jersey but have also demonstrated a commitment to philanthropy, education, and healthcare. In this journey, we have unraveled the biographies, peeked into the current net worth, and explored the businesses that catapulted them to prominence.

As these individuals continue to navigate the complexities of their respective domains, their impact extends beyond the boardroom, leaving an enduring legacy in the Garden State. The stories of these billionaires serve as a testament to the entrepreneurial spirit and ambition that define New Jersey’s landscape, and we hope you have found inspiration in their journeys as much as we have.

Recommended:

• The 10 Best Places to Live in the U.S
• The 10 Cheapest Places to Buy Land in the U.S