Business & Tech

50 People Named New Jersey's Richest In 2016

Top-50 wealthiest in the Garden State are listed below, and where they live.

New Jersey is home to dozens of Fortune 500 companies and plenty of entrepreneurs. It’s also home to some of nation’s richest residents.

Business publication njbiz.com released its annual ranking of the 50 wealthiest New Jerseyans Monday.

According to the data compilation, the outlet went through public documents like Securities & Exchange Commission filings as well as other news reports.

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See the full report here.

The list has only slightly changed over the years, with all 50 people on the list being men. Two months ago, billionaire David Tepper, 58, announced he was moving from Short Hills to Florida, creating an income tax hole of $140 million.

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According to the report, New Jersey residents include:

  • 1. Donald Newhouse, 86: $10.3 billion net worth from media companies; resides in West Amwell-Hopewell townships
  • 2. Robert "Woody" Johnson, 69: $3.7 billion net worth from inheritance, investments; resides in Bedminster
  • 3. Peter R. Kellogg, 73: $3.4 billion net worth from investments; resides in Short Hills
  • 4. Leon Cooperman, 72: $3.2 billion net worth from hedge funds; resides in Short Hills
  • 5. John Overdeck, 46: $3.1 billion net worth from investing; resides from Short Hills
  • 6. S. Dillard Kirby, 56, and Jefferson Kirby, 54: $2.08 billion net worth from inherited and investing; resides in Mendham
  • 8. Larry Robbins, 46: $2 billion net worth from hedge funds; resides in Alpine
  • 9. Doug Kimmelman, 55: $1.85 billion net worth from private equity; resides in Bernardsville
  • 10. Zygmunt Wilf, 65, and Mark Wilf, 53: $1.7 billion net worth from real estate; Zygmunt resides in Springfield; Mark in Livingston
  • 12. Robert Unanue, 62, and Peter Unanue, 50: $1.5 billion net worth from retail; Robert resides in Wyckoff, Peter in River Vale
  • 14. David Lichtenstein, 54: $1.45 billion net worth from real estate; resides in Lakewood
  • 15. Richard Kurtz, 76: $1.4 billion net worth from real estate; resides in Alpine
  • 16. Basil Maher, 64, and Brian Maher, 69: $1.4 billion net worth from shipping; both reside in Chatham
  • 18. Richard Santulli, 72:$1.34 billion net worth as a serial entrepreneur; resides in Red Bank
  • 19. Roy Vagelos, 86: $1.3 billion net worth from pharmaceuticals, biotech; resides in Far Hills
  • 20. Michael F. Price 63: $1.2 billion net worth from investing; resides in Far Hills
  • 21. Mark Baiada, 68: $1.1 billion net worth from health care; resides in Moorestown
  • 22. Charles Kushner, 61: $1.1 billion net worth from real estate development; resides in Livingston
  • 23. Daniel E. Straus, 59, and Moshael Straus, 64: $940 million net worth from senior citizen homes, investing; both reside in Englewood
  • 25. Kevin Eng, 55: $934 million net worth from hedge funds; resides in Mendham
  • 26. David Mandelbaum, 80: $810 million net worth from real estate; resides in Livingston
  • 27. Walter Ricciardi, 79: $$787 million net worth from retail; resides in Morristown
  • 28. Grover Connell, 98: $750 million net worth from international trade; resides in Westfield
  • 29. Alan Fournier, 55; $750 million net worth from investments; resides in Far Hills
  • 30. Myron Shevell, 79: $722 million net worth from trucking and logistics services; resides in Long Branch
  • 31. Jerry Gottesman, 85: $650 million net worth from real estate; resides in Morristown
  • 32. Rick Forman, 55; $553 million net worth from discount apparel retail chain; resides in Cherry Hill
  • 33. Jesse Treu, 68: $540 million net worth from health care venture capita; resides in Princeton
  • 34. Ray Chambers, 74: $508 million net worth from leveraged buyouts; resides in Morristown
  • 35. Steve Forbes, 68: $500 million net worth from media properties; resides in Bedminster
  • 36. David Halpern, 66: $500 million net worth from real estate development; resides in Livingston
  • 37. Vernon Hill II, 70: $414 million net worth from banking; resides in Moorestown
  • 38. Paritosh M. Chakrabarti, 76: $409 million net worth chemicals; resides in Moorestown
  • 39. Leslie Quick III, 63: $406 million net worth from wealth management and investment consulting firm; resides in Bernardsville
  • 40. Jon F. Hanson, 79: $400 million net worth from real estate development; resides in Far Hills
  • 41. Marc Ecko, 44: $350 million net worth from real estate development; resides in Bernardsville
  • 42. Former Gov. Tom Kean, 81: $350 million net worth from family land holdings and consulting; resides in Bedminster
  • 43 Jon Bon Jovi, 54: $305 million net worth from being a rock star; resides in Middletown
  • 44. Bruce Springsteen, 67: $305 million net worth from being a rock star; resides in Colts Neck
  • 45. Ed Doherty, 70: $300 million net worth from franchising; resides in Saddle River
  • 46. Larry Pantirer, 67: $300 million net worth from real estate; resides in Short Hills
  • 47. Ahmed Zayat, 54: $298 million net worth from entrepreneurship, horse racing; resides in Teaneck
  • 48. Brad Honigfeld, 57: $275 million net worth from franchising; resides in Livingston
  • 49. Stanley Middleman, 61: $269 million net worth from mortgage lending; resides in Cherry Hill.
  • 50. Finn Wentworth, 58: $260 million net worth from real estate; resides in Mendham

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