New Jersey is home to some of America’s wealthiest individuals, and many billionaires have roots in the Garden State.
As of the Forbes October Real-time Billionaires List, the United States had a record 813 billionaires. Five of them currently reside in New Jersey, while several others have past ties to the state, having lived, grown up, or conducted business there.
Billionaires in the United States collectively hold more wealth than ever before, with a net worth of $6 trillion, according to Americans for Tax Fairness. The wealth of U.S. billionaires surpasses that of half the country’s population, according to analysis.
Here are some of the most influential people in the country with New Jersey connections and their latest rankings on the Forbes list.
Billionaires Who Once Lived in New Jersey
- David Duffield (No. 158, $14.4 billion) – Co-founder of PeopleSoft and Workday, Duffield attended Ridgewood High School and later donated $635,000 to the school in 2021.
- Michael Kim (No. 265, $9.6 billion) – Co-founder of MBK Partners, Kim moved to the U.S. at age 11 and lived in West Orange.
- Judy Faulkner (No. 380, $7.7 billion) – Founder of Epic Systems, a medical-record software company, Faulkner grew up in Cherry Hill.
- David Tepper (No. 92, $21.3 billion) – Founder of Appaloosa Management and owner of the Carolina Panthers, Tepper previously lived in Livingston before relocating to Florida.
- Laurene Powell Jobs (No. 140, $15.6 billion) – Widow of Apple founder Steve Jobs, Powell Jobs was born and raised in West Milford.
Billionaires with Business in New Jersey
- Donald Newhouse (No. 150, $15.3 billion) – Owner of Advance Publications, which includes NJ.com and other media outlets.
- Josh Harris (No. 226, $10.9 billion) – Co-founder of Apollo Global Management and stakeholder in the New Jersey Devils.
- Leo KoGuan (No. 290, $9.2 billion) – Founder of IT provider SHI International, headquartered in Somerset.
- Leonard Stern (No. 312, $9 billion) – Owner of Hartz Mountain, which holds extensive real estate properties across New Jersey.
Billionaires Who Currently Live in New Jersey
- John Overdeck (No. 402, $7.4 billion) – Co-founder of Two Sigma, Overdeck resides in Millburn.
- Rocco Commisso (No. 509, $6.4 billion) – Founder and CEO of MediaCom, Commisso lives in Saddle River and owns the Italian soccer team Fiorentina.
- Peter Kellogg (No. 690, $4.9 billion) – Former owner of brokerage firm Spear, Leeds & Kellogg, Kellogg lives in Short Hills.
- Larry Robbins (No. 1,558, $2.2 billion) – Founder and CEO of Glenview Capital Management, Robbins resides in Alpine.
- Duncan MacMillan (No. 1,831, $1.8 billion) – Co-founder of Bloomberg LP, MacMillan lives in Princeton.
New Jersey remains a significant hub for some of the wealthiest and most influential individuals in the country, whether as a birthplace, former residence, or center of business operations.
