Some of the richest people in America live in New Jersey. From a math prodigy to a telecom genius, New Jersey is home to an impressive list of billionaires, many of whom are self-made. Here are the 5 richest people in New Jersey. Plus find out where these billionaires live in NJ. The information presented in this article is based on the Billionaires List from Forbes (rankings as of 1/26/23).
Where do Billionaires Live in NJ?
Most of the billionaires in NJ live in the Northern part of New Jersey. A majority of New Jersey’s billionaires live in Bergen County and Essex County. It should come as no surprise since both counties are near Manhattan and are suburbs of New York City. Plus, these billionaires live near Teterboro Airport, which is a hub for private jets.
5 Richest People in New Jersey
1. Rocco Commisso
Rocco Commisso is the richest person in New Jersey. He lives in Saddle River, NJ. Rocco Commisso is a self-made billionaire worth $8.2 billion. Rocco Commisso made his fortune from Mediacom (telecom). He is the 251st richest person in the world.
| Net Worth | $8.2 billion |
| Source of Wealth | Mediacom (telecom) |
| Age | 72 |
| Residence | Saddle River, NJ |
| World Rank | 251st Richest Person in the World |
2. John Overdeck
John Overdeck is the second richest person in New Jersey. He is a math prodigy and made billions with his data-driven hedge fund, Two Sigma. He lives in Millburn, NJ. John Overdeck is worth $6.8 billion. He is the 363rd richest person in the world.
| Net Worth | $6.8 billion |
| Source of Wealth | Two Sigma (hedge funds) |
| Age | 52 |
| Residence | Millburn, NJ |
| World Rank | 363rd Richest Person in the World |
3. Peter Kellogg
Peter Kellogg is the third richest person in New Jersey. He lives in Short Hills, NJ, one of the wealthiest towns in New Jersey. Peter is worth $3.6 billion. He made billions selling his brokerage firm, Spear, Leeds & Kellogg to Goldman Sachs. Peter Kellog is the 800th richest person in the world.
| Net Worth | $3.6 billion |
| Source of Wealth | Spear, Leeds & Kellogg (brokerage house) |
| Age | 80 |
| Residence | Short Hills, NJ |
| World Rank | 800th Richest Person in the World |
4. Larry Robbins
Larry Robbins is one of the richest people in New Jersey. He lives in the ultra-exclusive community of Alpine, NJ. Larry Robbins is worth $1.9 billion. He is a self-made billionaire, making his fortune from his hedge fund, Glenview Capital Management. Larry is the 1573rd richest person in the world.
| Net Worth | $1.9 billion |
| Source of Wealth | Glenview Capital Management (hedge funds) |
| Age | 53 |
| Residence | Alpine, NJ |
| World Rank | 1573rd Richest Person in the World |
5. Duncan MacMillan
Duncan MacMillan is one of the richest people in New Jersey. Along with fellow billionaire, Michael Bloomberg, he is one of the co-founders of Bloomberg LP. Duncan lives in Princeton, NJ. He is worth $1.5 billion making him the 1576th richest person in the world.
| Net Worth | $1.5 billion |
| Source of Wealth | Bloomberg LP |
| Age | 85 |
| Residence | Princeton, NJ |
| World Rank | 1576th Richest Person in the World |
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