Three New Jerseyans are among the 500 most wealthy people in the world, according to Forbes' annual list of those with the most money. And when you're on that list, you are worth billions and billions.
According to Forbes, there are approximately 1,826 billionaires across the globe and the three from New Jersey are David Tepper, Donald Newhouse, and Leon G. Cooperman.
Tepper a hedge fund manager from Livingston and he's the richest person in New Jersey with an estimated net worth of some $10.4 billion. He's 57 years old and is the 121st richest person on Earth. In 1993 Tepper co-founded Appaloosa Management which is now based in Short Hills.
The second richest New Jerseyan, and No. 162 richest person in the world, is Newhouse. He is worth some $8.3 billion and is the co-owner of Advance Publications, which happens to be the parent company of NJ.com and The Star-Ledger, along with dozens of other media outlets across the United States.
Coming in at No. 3 is Cooperman, who is worth $8.3 billion. That puts him at 462 on the worldwide list of the richest. Cooperman, who hails from Short Hills, worked at Goldman Sachs before leaving there in 1991 to start the Omega Advisors hedge fund.
According to the Forbes report, Microsoft co-founder Bill Gates is the world richest person and is worth some $79.2 billion.