The Forbes 400 list of the wealthiest people in America is out, and three New Jerseyans made the list.
They are led by telecommunications magnate Rocco Commisso, whose net worth was given at $8.4 billion, good for the No. 98 ranking on the list. Commisso is the founder and CEO of New York-based cable company Mediacom.
Hedge fund giant John Overdeck of Two Sigma Investments ranked No. 147, with a net worth of $6.5 billion, while investment guru Peter Kellogg came in at No. 300, with a net worth of $3.8 billion. Kellogg sold his brokerage house to Goldman Sachs for billions of dollars in 2000.
Jeff Bezos of Amazon ranked No. 1 overall, with a net worth of $201 billion.
The rest of the Top 10, how they made their money, and what it’s worth:
- Elon Musk, Tesla, $190.5 billion;
- Mark Zuckerberg, Facebook, $134.5 billion;
- Bill Gates, Microsoft, $134 billion;
- Larry Page, Google, $123 billion;
- Sergey Brin, Google, $118.5 billion;
- Larry Ellison, software industry, $117.3 billion;
- Warren Buffett, Berkshire Hathaway, $102 billion;
- Steve Ballmer, Microsoft, $96.5 billion;
- Michael Bloomberg, Bloomberg LP, $70 billion.
The richest woman on the list was Alice Walton, from the family that owns Walmart. She ranked No. 12, with a net worth of $67.9 billion. The second-richest woman on the list was author MacKenzie Scott, Bezos’ ex-wife, whose Amazon-fueled net worth is $58.5 billion, good for No. 15 overall.
Two former Jerseyans also ranked highly on the list. Donald Newhouse, now a New York resident, whose family runs NJ Advance Media as part of its publishing empire, ranked No. 40 with a net worth of $18.1 billion. And hedge fund superstar David Tepper, who is now a Florida resident, ranked No. 49 with a net worth of $15.8 billion.
Forbes said the 400 wealthiest Americans saw their collective fortune increase 40% over the past year, to a total $4.5 trillion. It took a minimum of $2.9 billion to earn a place on this year’s list, up $800 million from a year ago.