9 New Jersey Billionaires Make Forbes’ 2018 List

Nine of America's real billionaires live right here in New Jersey, according to Forbes. The publication recently released its annual billionaire list.

The top New Jerseyan on the elite list is media mogul Donald Newhouse. He's worth $12.3 billion, Forbes estimates. (See full list of the 9 New Jerseyans included below)

The 2018 list has 2,208 members from 72 countries. With 585 Americans on the list, the United States leads the way with the most number of billionaires in the world, followed by China with 373 billionaires. The U.S. also had 18 newcomers featured on the 2018 list.

Jeff Bezos is at the top of Forbes’ billionaires list for 2018, dethroning fellow Seattle-area billionaire Bill Gates, who has lost the top spot for only the sixth time since 1995. According to Forbes, Bezos is the first centi-billionaire at the top of the list, meaning he has a fortune of over a $100 billion.

The top 20 people on the list alone are worth $1.2 trillion, 13 percent of the total fortune of all billionaires worldwide.

Here are the New Jersey billionaires who made the Forbes list for 2018:

• #121 Donald Newhouse, 88 years old, $12.3B, media, Somerset County; president of Advance Publications and oversees the newspaper business that his father Sam built up from the daily The Staten Island Advance.
• #404 John Overdeck, 48 years old, $4.9B, hedge funds, Millburn; co-founder of Two Sigma Investments, a quantitative trading powerhouse with $45 billion under management.
• #499 Rocco Commisso, 68 years old, $4.3B, telecom, Saddle River; founder and CEO of cable company Mediacom, based in Chester, N.Y.
• #629 Peter Kellogg, 75 years old, $3.6B, investments, Short Hills; sold brokerage house Spear, Leeds & Kellogg to Goldman Sachs for $6.5 billion in cash and stock in 2000.
• #729 Leon G. Cooperman, 74 years old, $3.2B, hedge funds, Short Hills; built up Goldman Sachs' asset management division, GSAM, in his quarter century with the investment bank.
• #965 Larry Robbins, 48 years old, $2.5B, hedge funds, Alpine; founder and CEO of Glenview Capital Management, a New York hedge fund that oversees some $11.8 billion.
• #1477 Melih Abdulhayoglu, 50 years old, $1.6B, internet security, Clifton; founded Comodo in 1998 in the U.K., which produces digital security products, notably SSL certificates for websites.
• #1867 Michael Price, 65 years old, $1.2B, investments, Far Hills; runs MFP Investors, a New York-based hedge fund.
• #2124 Duncan MacMillan, 80 years old, $1B, Bloomberg LP, Princeton; cofounded financial data and media company Bloomberg LP in 1981 with Mike Bloomberg, Thomas Secunda and Charles Zegar.

The top 10 billionaires on the list are:

• Jeff Bezos, 54, worth $112 billion
• Bill Gates, 62, worth $90 billion
• Warren Buffett, 87, worth $84 billion
• Bernard Arnault, 69, worth $72 billion
• Mark Zuckerberg, 33, worth $71 billion
• Amancio Ortega, 81, worth $70 billion
• Carlos Slim Helu, 78, worth $67.1 billion
• Charles Koch, 82, worth $60 billion
• David Koch, 77, worth $60 billion
• Larry Ellison, 73, worth $58.5 billion

The Forbes billionaires list provides a look at wealth using stock prices and exchange rates from Feb. 9, 2018. Forbes values assets like private companies, art, real estate and more. Read more about Forbes methodology here.

See the full list of billionaires here.

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