2 Billionaires In NJ Among Richest Americans: New Forbes List

NEW JERSEY — Billionaire Rocco Commisso has once again been named the wealthiest person in New Jersey in 2024, according to The Forbes 400, an annual ranking of America’s super-rich.

Globally, there are now more billionaires than ever — 2,781 in all, 141 more than last year and 26 more than the record set in 2021 — and they're richer than ever, according to Forbes.

Much of the gain comes from the United States, "which now boasts a record 813 billionaires worth a combined $5.7 trillion," the outlet added.

Forbes said its net worth calculations use stock prices from March 8.

Commisso, 74, the richest person in New Jersey, is worth an estimated $8 billion. His wealth is up slightly from last year, but not as high as his $8.4 billion net worth reported in 2021.

The Italian-American businessman is the founder and CEO of cable television company Mediacom, and owns the New York Cosmos and A.C.F. Fiorentina, in Italy. This year, he ranked No. 322 on the Forbes list nationally, down significantly from his ranking of No. 114 last year.

The other New Jersey billionaire who made the cut is John Overdeck, 54, the co-founder of Two Sigma, a New York City-based hedge fund. Overdeck's net worth is $7.3 billion, the same as last year.

Globally, Bernard Arnault and family topped the list of 400 with a net worth of $233 billion. Arnault oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.

For the second and third spot, Tesla and SpaceX founder Elon Musk — owner of the social media platform X — and Amazon founder Jeff Bezos are neck and neck, with Musk at $195 billion and Bezos at $194 billion. In fourth is Facebook CEO Mark Zuckerberg at $177 billion, then in fifth is Oracle software development company founder Larry Ellison at $141 billion.