Connect with us

New Jersey

New Jersey home to three billionaries on Forbes 400 list of richest people in US

Published

on

New Jersey home to three billionaries on Forbes 400 list of richest people in US


play

Besides music icons like Whitney Houston and Bruce Springsteen, New Jersey is also home to a few billionaries.

Advertisement

Three to be exact!

And the three belong to an elite club on Forbes’ list of the 400 Richest People in America for 2024.

The business magazine yearly edition collects snapshots of each member’s wealth in September and releases estimates of their net worth to determine who makes the list, according to the report.

As it turns out, these 400 billionaires are raking in the dough with a combined net worth of $5.4 trillion up $1 trillion from 2023 and a dozen have $100 billion-plus fortunes. The report also stated that for entry to this exclusive club a minimum net worth of $3.3 billion was required for 2024 which is up from the $400 million admission from 2023.

Two billionaires from the Garden State cracked the top 200 list and all three have a combined estimated net worth of $18.4 billion.

Advertisement

New Jersey richest residents: 2024

Here’s what Forbes editors wrote about the Garden State billionaires:

John Overdeck: $7.4 billion

No. 160: John Overdeck is the richest resident in New Jersey with an estimated net worth of $7.4 billion. He is the cofounder of Two Sigma, a quantitative investing powerhouse with $60 billion in assets under management. In high school he was a math prodigy who won a silver medal at the International Mathematical Olympiad at age 16 and has given $380 million through his family’s charitable foundation, which supports education. Overdeck also chairs Princeton’s Institute for Advanced Study.

Rocco Commisso: $6.4 billion

No. 200: Rocco Commisso is second richest resident in New Jersey and has an estimated net worth of $6.4 billion. He is the founder and CEO of the cable company Mediacom. At the age of 12 Commisso immigrated to America from Italy in 1962. In high school he earned a full scholarship to Columbia University, in which the soccer stadium bears his name in recognition of his donations to the school.

Peter Kellogg: $4.6 billion

No. 288: Peter Kellogg is the third richest resident in New Jersey and has an estimated net worth of $4.6 billion. He held a leadership position at the brokerage house Spear, Leeds & Kellogg several years after joining in 1973. In 2000, he sold the brookerage house to Goldman Sachs for $6.5 billion in cash and stock. He was also the CEO of IAT, until 2015 and still chairs. Kellogg has donated more than $4 million to the U.S. ski and snowboarding teams.

Advertisement



Source link

New Jersey

Philadelphia Inquirer endorses Andy Kim for U.S. Senate – New Jersey Globe

Published

on

Philadelphia Inquirer endorses Andy Kim for U.S. Senate – New Jersey Globe


Praising his character, the Philadelphia Inquirer has endorsed Democrat Andy Kim for U.S. Senate.

“Kim represents a clean break with the Garden State’s oftentimes transactional form of politics, offering a campaign that’s focused on meeting the needs of his constituents, rather than fulfilling political agendas,” the editorial board stated, contrasting the three-term congressman from politicians like Bob Menendez and Chris Christie.   “Voters aren’t likely to see a picture of Kim and his family enjoying the beach after voting to ban everyone else from the Shore.

The newspaper called him “knowledgeable, insightful and practical.”

“He also has realistic plans to help families in New Jersey and elsewhere deal with the rising cost of living,” the endorsement stated.  “From boosting the child tax credit to helping small businesses access needed capital, Kim’s ideas represent key lifelines that can help people achieve the American dream.

Advertisement

Kim faces Republican Curtis Bashaw, a hotel owner and developer from Cape May.

Support for Kim was full-throated; six years ago, the Inquirer “reluctantly” endorsed Menendez for re-election in what they called a dismal choice between a “deeply damaged” incumbent who had survived a 2017 bribery trial and a self-funding Republican who had made his money by selling unaffordable prescription drugs for cancer patients.

“If New Jersey gives him a second chance and elects him to a third term, he has an unwavering obligation to act with integrity at all times. He told the Inquirer Editorial Board that he would be more careful when advocating for issues his friends raise — and that he learned a lesson about the importance of appearances of conflict,” the editorial board stated.  “How he missed it the first time is hard to imagine.”

That year, the Inquirer endorsed Kim against two-term Republican incumbent Tom MacArthur.

Kim has already won the endorsement of the Star-Ledger.

Advertisement



Source link

Continue Reading

New Jersey

DC Energy | DEVILS MINUTE | New Jersey Devils

Published

on

DC Energy | DEVILS MINUTE | New Jersey Devils


NewJerseyDevils.com is the official web site of the New Jersey Devils, a member team of the National Hockey League (“NHL”). NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Copyright © 1999-2024 New Jersey Devils and the National Hockey League. All Rights Reserved.



Source link

Continue Reading

New Jersey

A globally-inspired Mexican fusion restaurant will soon open in New Jersey

Published

on

A globally-inspired Mexican fusion restaurant will soon open in New Jersey



2-minute read

play

Lovers of guacamole, stunning dinner venues and craft cocktails are about to have a new place to dunk chips and take sips, because Maize Cocina & Cocktails — a highly-anticipated Mexican fusion restaurant — is coming to Westfield.

Taking over the historic town train station, the globally-inspired spot is set to open its doors on Tuesday.

And, as a self-proclaimed taco aficionado (aren’t we all?), I already have a reservation.

“Maize Cocina & Cocktails will transport diners through a Mexican fusion menu that showcases dishes inspired by Mexico’s rich culinary traditions, melded with diverse worldly influences,” the restaurant’s PR team said. It’s “to offer guests a truly unique and unforgettable dining experience.”

Colloquially, that means Mexican classic dishes are about to meet New American grub in a contemporary, cross-cultural mash-up.

Advertisement

(So, you’re going to want to book your table, too).

A contemporary Mexican restaurant in historic digs

Maize Cocina & Cocktails will be located at 301 N Ave. West in the now-renovated Westfield train station. Boasting a gorgeous 100-seat dining room, the restaurant has an aesthetic to match its anticipated cuisine — and a full list of specialty cocktails.

Some menu items to be served at the upcoming concept include a Mexican Bar Pie (featuring a masa crust, charred vegetables and queso Oaxaca), Bavette Steak (with poblano butter, masa fries and chimichurri rojo) and Black Garlic Mochiko Tacos with hot honey salsa macha. Chilaquiles are advertised as innovative, while Octopus Pastor will be plated with pineapple purée and achiote-roasted plantains. Each promises to exemplify the team’s aforementioned hybrid culinary genre goal.

Advertisement

Behind Maize’s distinct creations is chef Jesa Henneberry, a New York City culinary consultant who helped launch acclaimed plant-based Mexican restaurant Jajaja, Heritage Grand Bakery in Bryant Park and more. Earlier in her career, she was crowned a champion of Food Network’s “Chopped” and has spent 14 years as a “sought-after” personal chef.

“Creating unique yet approachable cuisine and culinary experiences is what Chef Jesa does best,” the PR team said. “And she’s thrilled to be doing that now in New Jersey at Maize Cocina & Cocktails.”

She, alongside co-owner Kamal Arora and chef de cuisine Isaias Lira (Atla, Cosme, Bouley), will soon welcome guests into the new concept.

Maize Cocina & Cocktails will be located at 301 N Ave. West in Westfield. To learn more about the restaurant, visit maizewestfield.com.

Advertisement

Kara VanDooijeweert is a food writer for NorthJersey.com and The Record. If you can’t find her in Jersey’s best restaurants, she’s probably off running a race course in the mountains. Catch her on Instagram: @karanicolev & @northjerseyeats, and sign up for her North Jersey Eats newsletter.





Source link

Continue Reading
Advertisement

Trending