Pennsylvania and New Jersey’s Wealthiest Residents
Forbes has put out their annual tally of the wealthiest people in America, and some Pennsylvania and New Jersey residents made the cut. The roster is part of the The Forbes 400, an annual ranking of America’s wealthiest residents. You probably won’t be super surprised by the names on here, but you might not recognize a few of the wealthiest residents in the state. In general, though, it’s the same mega names that top the Forbes 400 each year.
Pennsylvania and New Jersey Billionaires
According to Forbes, the 400 richest billionaires in America are worth $5.4 trillion, which is $1 trillion more than last year. What’s more, a dozen of the richest billionaires are worth $100 billion or more, which is a record since Forbes has been doing this study. To make the special club, the minimum net worth of $3.3 billion was required, which is $400 million more than Forbes required in 2023. Of the 400, 23 are new and on the list for the first time ever, “having grown their fortunes in everything from mundane plastic pipes to cutting-edge artificial intelligence.” Forbes also notes that “the wealthiest people in America have never been wealthier.”
Before we get to our state, let’s look at the richest person in the world. According to Forbes, it’s Elon Musk, who is worth more than $244 billion. He source of income, according to Forbes, is Tesla and SpaceX. “Elon Musk cofounded seven companies, including electric car maker Tesla, rocket producer SpaceX and artificial intelligence startup xAI,” they state. It’s not surprising to see Musk on the tally, although I personally didn’t know he’d be the richest person in the entire United States. No. 2 on the tally is Jeff Bezos, No. 3 is Mark Zuckerberg and No. 4 is Larry Ellison and No. 5 is Warren Buffet.
As for Pennsylvania, billionaire Jeff Yass is the wealthiest person in the state, and he’s worth an estimated $49.6 billion, compared to $28.9 billion in 2023. He’s the co-founder of Susquehanna International Group. Other Pennsylvania billionaires include Arthur Dantchik, Victoria Mars, Michael Rubin, Thomas Hagen and family, Edward Stack and family, Mitchell Morgan and family, Jeffrey Lurie and family, Mary Alice Dorrance Malone, John Middleton, Thomas Tull, and Maggie Hardy.
As for New Jersey, the wealthiest person is billionaire John Overdeck, and he’s worth an estimated $7.4 billion, up from $7.3 billion last year. He’s the co-founder of Two Sigma, a New York City-based hedge fund. The other wealthy New Jersey residents who made the cut are Rocco Commisso, who has a net worth of $6.4 billion, and Peter Kellogg, who has a new worth of $4.6 billion. So, there you have it with the richest people in Pennsylvania and New Jersey.
