Fair and Breezy 51°
Tag:

Wealth

Business
Forbes Ranks Bergen County Billionaire Among Richest People In America Forbes Ranks Bergen County Billionaire Among Richest People In America
Forbes Ranks Bergen County Billionaire Among Richest People In America "Forbes" has released its list of richest American residents. And, yet again, three New Jersey residents were named. Rocco Commisso, John Overdeck, and Peter Kellogg all made the cut. The billionaire trio also were ranked among the richest billionaires in the world last April by Forbes. On the Forbes 400 list of Americans, Overdeck came in at No. 160, with a net worth of $7.4B; Commisso at No. 200 with a net worth of $6.4B; and Kellogg at No. 288 with a net worth of $4.6B. Commisso, 74, of Saddle River is the founder and CEO of cable company Mediacom based in Chester, New York, and the ri…

SHARE

by Cecilia Levine
Business
Forbes Names NJ Billionaires To List Of Richest People In The World — AGAIN Forbes Names NJ Billionaires To List Of Richest People In The World — AGAIN
Forbes Names NJ Billionaires To List Of Richest People In The World — Again Some Garden Staters are raking in the dough. New Jersey residents once again made Forbes' annual list of the world's billionaires, with three ranking in the top 800, based on net worth. The Garden Staters you most want to hit up for cash are: No. 322: Rocco Commisso, 73, is the founder and CEO of cable company Mediacom based in Chester, New York and the richest man in New Jersey with a net worth of $8.8 billon. The Saddle River resident immigrated to the United States from Italy when he was 12 years old. His first job was playing the accordion during movie theater intermissions. No. 364.…

SHARE

by Sam Barron
Sports
NJ's David Tepper, Panthers Owner Fined $300K After Tossing Drink At Fan NJ's David Tepper, Panthers Owner Fined $300K After Tossing Drink At Fan
NJ's David Tepper, Panthers Owner Fined $300K After Tossing Drink At Fan David Tepper, who owns the Carolina Panthers and runs a hedge fund in one of New Jersey's wealthiest towns, was fined $300,000 by the NFL after he was caught tossing a drink at a fan on Sunday, Dec. 31. Tepper, who lived in Livingston and moved back to the Garden State in 2020, tossed the beverage while watching his league worst Carolina Panthers lose to the Jacksonville Jaguars.  A bit different of a mood from him after the game https://t.co/DP68vKx1U5 pic.twitter.com/llOqHXS4yI — Med (@Kahuna_Med) December 31, 2023 Tepper, who owns Short Hills-based Appaloosa Management, ap…

SHARE

by Sam Barron
News
Three NJ Billionaires Make Forbes 400 List Of 'Richest In America' — Again Three NJ Billionaires Make Forbes 400 List Of 'Richest In America' — Again
Three NJ Billionaires Make Forbes 400 List Of 'Richest In America' — Again Some Garden Staters are raking in the dough. Three New Jersey residents made Forbes' annual list of the 400 richest Americans, based on net worth. The New Jerseyians you most want to hit up for cash are: 114. Rocco Commisso, 73, is the founder and CEO of cable company Mediacom based in Chester, New York and the richest man in New Jersey with a net worth of $8.8 billon. The Saddle River resident immigrated to the United States from Italy when he was 12 years old. His first job was playing the accordion during movie theater intermissions.  137. John Overdeck, 53, is the co-founder of …

SHARE

by Sam Barron
News
Three NJ Residents Named To Forbes List Of Richest In America Three NJ Residents Named To Forbes List Of Richest In America
Three NJ Residents Named To Forbes List Of Richest In America Three New Jersey residents were named to the Forbes list of the 400 richest people in America. The nation's wealthiest citizens are worth $4 trillion — $500 billion less than last year, Forbes said. The minimum net worth required to make the list also fell for the first time since the Great Recession, by $200 million, to $2.7 billion. The wealthiest man in the world is Elon Musk, who is worth $251 billion, and the second wealthiest is Jeff Bezos, who is worth $151 billion. Fortunes were calculated on Sept. 2 using stock prices and exchange rates. The New Jersey residents who made the…

SHARE

by Cecilia Levine
News
These Are The Wealthiest Counties In NJ, Study Says These Are The Wealthiest Counties In NJ, Study Says
These Are The Wealthiest Counties In NJ, Study Says Somerset, Morris and Bergen counties rank among the wealthiest in the Garden State, according to a new study. The recent study from SmartAsset assessed wealth in U.S. counties by comparing them across three categories: the amount of investment income residents receive, median home value and per capita income.  Somerset County's per capital investment income averaged $18,409. Its median home value averaged  $510,305 And its per capita income averaged $112,825. Morris County's per capital investment income averaged $18,676  its median home value averaged $556,843 and its per c…

SHARE

by Jon Craig
News
3 NJ Residents Named To 'Forbes' List Of Richest In America 3 NJ Residents Named To 'Forbes' List Of Richest In America
3 NJ Residents Named To 'Forbes' List Of Richest In America Three New Jersey residents were named to the "Forbes" list of the 400 richest people in America. The nation's wealthiest citizens saw their collective fortune rise 40 percent over the last year to $4.5 trillion, despite the ongoing COVID-19 pandemic, Forbes said. Former President Donald Trump was dropped from the list for the first time in 25 years, with Jeff Bezos, Elon Musk, Mark Zuckerberg, Bill Gates, and Larry Page taking the top five spots. To make the list, you must have a net worth of at least $2.9 billion, and an increase of $800 million from the previous year. Net worths were ca…

SHARE

by Nicole Acosta
Lifestyle
FORBES: New Jersey's 8 Billionaires Named To Annual List FORBES: New Jersey's 8 Billionaires Named To Annual List
Forbes: New Jersey's 8 Billionaires Named To Annual List Yes, that's billionaires. With a B. And there are eight of them in New Jersey, according to Forbes' 33rd annual list of the wealthiest people in the world. The ranking includes 2,153 people -- down 55 from last year -- who altogether are worth $8.7 trillion. With a T. The wealthiest person in the world is Amazon's Jeff Bezos, $131 billion, topping Bill Gates who is worth $96.5 billion. The youngest on the list is Kylie Jenner, who is 21 years old and worth $1 billion. New Jersey's billionaires are: John Overdeck of Millburn: $6.1 billion Rocco Commisso of Saddle River: $4.5 bi…

SHARE

by Cecilia Levine
Lifestyle
Bloomberg: Bergen Among 6 Counties With Highest Concentrations Of Wealth In America Bloomberg: Bergen Among 6 Counties With Highest Concentrations Of Wealth In America
Bloomberg: Bergen Among 6 Counties With Highest Concentrations Of Wealth In America Upper Saddle River moved down nine spots since last year on Bloomberg's newly-released index of richest places in America. With an average household income of $271,700 came in at No. 32 on this year's report -- compared to No. 23 in 2018. Bergen is among the six counties of concentrated wealth in the U.S., the report says. Others are Westchester in New York, Fairfield in Connecticut, Cook County of Chicago, Los Angeles County and Montgomery County, Maryland, bordering Washington D.C. Other New Jersey municipalities on the list: No. 49: Glen Ridge (up from No. 58 in 2018) No. 47: Nor…

SHARE

by Cecilia Levine
Lifestyle
New Forbes Rankings Of 400 Wealthiest Americans Include These New Jersey Residents New Forbes Rankings Of 400 Wealthiest Americans Include These New Jersey Residents
New Forbes Rankings Of 400 Wealthiest Americans Include These New Jersey Residents Some of the richest people in the U.S. are calling New Jersey home, according to the brand-new Forbes magazine annual rankings of the wealthiest 400 Americans. For the first time since 1994, Bill Gates has not claimed the No. 1 spot on Forbes' list of 400 richest Americans: That goes to Amazon.com founder and CEO Jeff Bezos -- clocking in at $160 billion. Additionally, Donald Trump has dropped 11 places from last year. With a net worth of $3.1 billion, Trump is now the 259th-richest person in the 2018 Forbes 400. He was 248th in the 2017 Forbes 400 when his net worth fell from $3.7 billion…

SHARE

by Cecilia Levine