Bill Gates remained at the top of the list for the 23rd year in a row with a net worth of $81 billion
Five New Jersey men made the Forbes list of 400 richest people in America released this week.
Bill Gates remained at the top of the publication's list for the 23rd year in a row. The Microsoft co-founder has a net worth of $81 billion.
The richest Garden State resident is Donald Newhouse, according to Forbes. Newhouse is the co-owner of Advance Publications, the parent company of NJ Advance Media, which is affiliated with NJ.com and The Star-Ledger, as well as dozens of other publications across the United States.
These are the richest people in N.J.
Newhouse, who is 86 years old and lives in Somerset County, has a net worth of $10.5 billion, which is up $1 billion from last year, according to Forbes. He is listed as the 42nd richest person in the country.
Former Livingston resident David Tepper, 58, previously held the title for the richest person in New Jersey until last year when he moved to Florida, along with his once-Short Hills-based company Appaloosa Management.
Other locals on the list released Tuesday include:
- John Overdeck, 46, of Millburn. He was ranked 194th, with a net worth of $3.3 billion.
- Leon G. Cooperman, 73, of Short Hills. He was ranked 204th, with a net worth of $3.2 billion.
- Peter Kellogg, 74, of Short Hills. He was ranked 239th, with a net worth of $2.8 billion.
- Larry Robbins, 46, of Alpine. He was ranked 374th, with a net worth of $1.8 billion.
NJBIZ has a separate ranking of the wealthiest residents, which was released earlier this summer.
Craig McCarthy may be reached at CMcCarthy@njadvancemedia.com. Follow him on Twitter @createcraig. Find NJ.com on Facebook.