New Jersey is home to some of America’s wealthiest individuals, many of whom have made fortunes in pharmaceuticals, finance, real estate, and consumer goods. Its proximity to New York City and access to major transportation hubs has made it a hotspot for billionaires and ultra-high-net-worth individuals.
Here is a verified list of the top 10 richest people in New Jersey in 2025, based on Forbes data, public records, and financial disclosures.
1. Rocco Commisso – $8.4 Billion
Source of Wealth: Cable TV (Mediacom)
Residence: Saddle River, NJ
Founder and CEO of Mediacom, one of the largest cable TV providers in the U.S., Commisso is also the owner of ACF Fiorentina, a Serie A football club. His immigrant-to-billionaire story is one of New Jersey’s most inspiring.
2. John Overdeck – $7.8 Billion
Source of Wealth: Hedge Funds (Two Sigma Investments)
Residence: Millburn, NJ
Overdeck co-founded Two Sigma, a quant-driven hedge fund with assets under management exceeding $60 billion. He is also a major philanthropist in education and STEM fields.
3. Peter Kellogg – $4.2 Billion
Source of Wealth: Financial Services (Spears, Benzak, Salomon & Farrell)
Residence: Short Hills, NJ
A retired Wall Street trader, Kellogg made his fortune in the brokerage business. He’s known for his low-profile lifestyle and significant donations to sports and health causes.
4. Larry Robbins – $2.5 Billion
Source of Wealth: Hedge Funds (Glenview Capital Management)
Residence: Alpine, NJ
Robbins founded Glenview Capital and is known for his strategic bets in the healthcare and tech sectors. He is also a major donor to education reform efforts in the U.S.
5. David Tepper – $2.3 Billion
Source of Wealth: Hedge Funds (Appaloosa Management), NFL (Carolina Panthers Owner)
Residence: Formerly Short Hills, now resides in Florida but maintains investments and property in NJ
Though he officially relocated to Florida, Tepper’s historic presence and philanthropy in New Jersey—including Rutgers and Newark projects—keep him in the spotlight.
6. Duncan MacMillan – $1.8 Billion
Source of Wealth: Bloomberg LP (Co-founder)
Residence: Princeton, NJ
As a founding partner of Bloomberg LP, MacMillan still holds a significant equity stake. He’s also a supporter of environmental and historical preservation initiatives in New Jersey.
7. Dennis Blitzer – $1.2 Billion
Source of Wealth: Private Equity
Residence: Alpine, NJ
A key figure in real estate and sports ownership (including part of the Philadelphia 76ers and New Jersey Devils), Blitzer’s portfolio extends across multiple industries.
8. Robert Wood Johnson IV (“Woody” Johnson) – $1.1 Billion
Source of Wealth: Johnson & Johnson heir, NFL (New York Jets Owner)
Residence: Bedminster, NJ
A descendant of the Johnson & Johnson pharmaceutical dynasty, Woody is the owner of the New York Jets and served as U.S. Ambassador to the UK under President Trump.
9. Josh Harris – $1.0 Billion
Source of Wealth: Private Equity (Apollo Global Management)
Residence: Alpine, NJ
Co-founder of Apollo Global, Harris has major stakes in sports (NFL, NBA, NHL) and is also involved in education-focused philanthropy.
10. Steve Poizner – $950 Million
Source of Wealth: Tech and Insurance (SnapTrack, Qualcomm)
Residence: Englewood Cliffs, NJ
A former California Insurance Commissioner and entrepreneur, Poizner sold his GPS startup SnapTrack to Qualcomm, propelling him into the ultra-rich category.
Summary Table
| Rank | Name | Net Worth (2025) | Source of Wealth | Residence |
|---|---|---|---|---|
| 1 | Rocco Commisso | $8.4B | Mediacom | Saddle River |
| 2 | John Overdeck | $7.8B | Two Sigma | Millburn |
| 3 | Peter Kellogg | $4.2B | Finance | Short Hills |
| 4 | Larry Robbins | $2.5B | Glenview Capital | Alpine |
| 5 | David Tepper | $2.3B | Appaloosa Management | Short Hills (prev.) |
| 6 | Duncan MacMillan | $1.8B | Bloomberg LP | Princeton |
| 7 | Dennis Blitzer | $1.2B | Private Equity | Alpine |
| 8 | Woody Johnson | $1.1B | Johnson & Johnson | Bedminster |
| 9 | Josh Harris | $1.0B | Apollo Global | Alpine |
| 10 | Steve Poizner | $950M | Tech/Insurance | Englewood Cliffs |
Final Thoughts
The richest people in New Jersey span industries from hedge funds and telecom to pharmaceuticals and sports. Many of them are active philanthropists, investors in local infrastructure, and global business leaders—proving that the Garden State is not just a neighbor to New York’s wealth, but a hub of billion-dollar innovation and legacy in its own right.
