Four of the richest men in America live in the Garden State, according to Forbes.com.
The richest person in New Jersey is Donald Newhouse,
83, of Somerset County, according to The Forbes 400 Richest People in
America list. With an estimated worth of $8.2 billion,
Newhouse is ranked 52nd on the Forbes list and is the 158th richest
billionaire in the world, according to the article.
Newhouse owns media conglomerate Advance Publications with his brother,
according to the article, which is the largest privately held newspaper
chain in the United States.
Livingston resident David Tepper,
president and founder of Appaloosa Management, follows Newhouse at 53rd
on the list, according to Forbes. With a net worth of $7.9
billion, Tepper is the 166th billionaire in the world, according to
The other two Garden State men to make the list are Leon Cooperman, 70, and Peter Kellogg,
71. Both men hail from the Short Hills section of Millburn and have a
net worth of $3 billion. They are tied for 166th on the Forbes list.
at age 57, came in as the richest man in America — a position he has
held since 1994. Gates has a net worth of $72 billion which places him
in the No. 2 billionaire in the world, according to Forbes.