Business & Tech

Two of the Richest Men in America Live in Short Hills

Leon Cooperman, 70, and Peter Kellogg, 71, are tied for 166th on Forbes 400 Richest People in America list.

Four of the richest men in America live in the Garden State, according to Forbes — two live in Millburn-Short Hills. 

Locals Leon Cooperman, 70, and Peter Kellogg, 71, are tied on Forbes 400 Richest People in America list at 166th, each netting $3 billion, according to the publication.

Cooperman is the founder of Omega Advisors, Inc and made his money in hedge funds, the website states. He is the 586th billionaire in the word. Kellog, the 527th billionaire in the world, made his money through investments.

The richest person in New Jersey is Donald Newhouse, 83, of Somerset County, according to The Forbes 400 Richest People in America list. With an estimated worth of $8.2 billion, Newhouse is ranked 52nd on the Forbes list and is the 158th richest billionaire in the world, according to the article.

Newhouse owns media conglomerate Advance Publications with his brother, according to the article, which is the largest privately held newspaper chain in the United States. 

Nearby, Livingston resident David Tepper, president and founder of Appaloosa Management, is 53rd on the list, according to Forbes. With a net worth of $7.9 billion, Tepper is the 166th billionaire in the world, according to Forbes. 

Bill Gates, at age 57, came in as the richest man in America — a position he has held since 1994. Gates has a net worth of $72 billion which places him in the No. 2 billionaire in the world, according to Forbes. 


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