Forbes published its “Forbes 400,” its annual list of America’s 400 richest billionaires. Four New Jersey residents made the list and these are not household names.
According to Forbes, and reported by Patch.com, the richest New Jersey residents on the list are:
- Rocco Commisso (net worth – $ 7.9 billion); the Saddle River resident is the founder and CEO of Mediacom, a cable company. He immigrated from Italy to the United States at the age of 12. The football field of his alma mater, Columbia University, is named after him because of his donations.
- John Overdeck ($ 6.5 billion); he lives in Millburn and is a hedge fund manager
- Peter Kellogg ($ 3.8 billion); the Short Hills resident sold his brokerage house to Goldman Sachs
- Sheldon Lavin ($ 3 billion); he is from Highland Park and is the owner of OSI Group, a meat processor that supplies most of the hamburger meat to McDonald’s
Topping the list of the richest Americans is Amazon founder Jeff Bezos, who is estimated to be worth $ 201 billion; he was No. 1 for four consecutive years.
After Bezos, Tesla founder Elon Musk, worth around $ 190 billion; Mark Zuckerberg, founder of $ 134.5 billion Facebook; Microsoft founder Bill Gates at $ 134 billion; and Google co-founder Larry Page, worth $ 123 billion. All figures are as of the close of trading on September 3.
America’s richest woman remains Alice Walton with $ 67.9 billion. Overall, the richest Americans have seen their wealth increase by over 40% in the past year.
The above post reflects the thoughts and observations of New Jersey 101.5 talk show host Bill Doyle. All opinions expressed are those of Bill Doyle.
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