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Eight billionaires
- A total of eight billionaires on this year’s list hail from New Jersey.
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- Rocco Commisso. - Net worth: $7.8 billion (#276 wealthiest in the world) - Residence: Saddle River. - Source of wealth: telecom, self made.
- John Overdeck. - Net worth: $6.8 billion (#344 wealthiest in the world) - Residence: Millburn. - Source of wealth: hedge funds, self made.
- Peter Kellogg. - Net worth: $3.5 billion (#795 wealthiest in the world) - Residence: Short Hills. - Source of wealth: investments.
- Larry Robbins. - Net worth: $1.9 billion (#1,544 wealthiest in the world) - Residence: Alpine. - Source of wealth: hedge funds, self made.
Oct 5, 2021 · This year, only 118 people on The Forbes 400 scored a 1 through 5, which means that 70.5% of the list is self-made. It’s a significant shift from 1984, when less than half of the list was...
- Rachel Sandler
Oct 6, 2021 · Four people from the Garden State made the cut. In New Jersey, The Forbes 400 billionaires are: CEO of cable television company Mediacom, Rocco Commisso, 71, touts a net worth of $8.4 billion. He...
- The World’S Billionaires
- Asia Ascendant
- Routes to Riches
- Rising Grades
One year after that fortuitously timed snapshot, we repeated our March billionaires audit, taking the measure, at the point of the pyramid, of the past year’s seismic changes. The results defy hyperbole. Over the past 12 months, 493 people worldwide joined the Forbes list—a newly minted billionaire every 17 hours. Rising asset prices vaulted anothe...
The 493 new members of the Covid Newcomers of 2021, however, are in a class by themselves: 84% of them are self-made (including 90% of Americans), swelling the figure among billionaires overall to 72%—a record in each case. People like Whitney Wolfe Herd, who flipped the script on dating apps by empowering women; Tyler Perry, who started producing ...
How the 88 new self-made American billionaires got on the list.
Still more new billionaires are taking steps to support their employees. Mat Ishbia, the 41-year-old CEO of United Wholesale Mortgage, had an incredible past 12 months, as millions changed where they lived or refinanced with record-low interest rates. Equally incredibly, he’d never taken on partners or investors, so he and his family owned 100% of the company going into the pandemic. When he took the company public this January through a SPAC, pushing his net worth at the time to $12.6 billio...
How new billionaires’ companies rank in JUST Capital’s categories of corporate citizenship.
Mission accomplished. Bankman-Fried, in pursuing a vocation less than noble—a zero-sum, notoriously cutthroat exchange in which newcomers face a slew of sharp-elbowed pros—has created a massive source of wealth that he promises to deploy almost entirely for what he sees as the public good. (He says he will keep only a few percentage points for himself, and even that might prove too much. “If it’s used to justify buying a few yachts, that’s pretty bad.”) And while he’s already placing bets, ba...
- Randall Lane
Oct 5, 2021 · A total of 282 members of this year’s ranking have fortunes that are self-made—defined by Forbes to mean they are entrepreneurs who either started a company (like Jeff Bezos founding Amazon...
Oct 7, 2021 · The net worths were calculated on Sept. 3 using stock prices and exchange rates from that date, Forbes said. New Jersey is home to three of the wealthiest Americans: Rocco Commisso, founder and...
Apr 9, 2021 · New Jersey billionaires are among those whose wealth grew during the pandemic (see list below). The number of billionaires on Forbes’ 35th annual list jumped to an unprecedented 2,755...
