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NEW JERSEY'S TOP
N.J.'s Wealthiest People 2010
Ranked by net worth estimate* THIS LIST IS FROM 2010
By Danielle Neufell
RankName
Birth Year
Company Name
Address
Phone|Website
Alma Mater
Brief Bio
Net Worth Estimate
1
Jacqueline Mars
1940
Mars Global Chocolate
350 Clark Drive, Suite 101
Mount Olive, 07828-1394
(973) 426-2700 | www.mars.com
Bryn Mawr College
Grandfather Frank Mars began making chocolates 1911 in his kitchen in Tacoma, WA Father, Forrest Sr., invented M&Ms, then introduced malt-flavored nougat, the foundation of famous candy bar line that includes Milky Way, Snickers, 3 Musketeers. Third generation inherited company when dad died in 1999.
$11,000,000,000
2
Donald E. Newhouse
1930
Newark Star-Ledger
1 Star-Ledger Place
Newark, 07102-1200
(973) 877-4141 | www.starledger.com
Syracuse University
Son of Samuel Newhouse, who purchased the Staten Island Advance in the 1920s; family owns Advance Publications, Random House, Conde Nast, cable television systems and other media companies.
$4,100,000,000
3
David Alan Tepper
1958
Appaloosa Management L.P.
51 JFK Parkway
Short Hills, 07078
(973) 701-7000
University of Pittsburgh and Carnegie Mellon University
Former executive with Goldman Sachs & Co. who founded Appaloosa Management L.P. in 1990; company operates hedge funds and other private investment partnerships. Managing director, privately held; donated $50 million to Carnegie Mellon University in 2004.
$2,400,000,000
4
Michael Price
1953
MFP Investors
University of Oklahoma
Learned finance as a $200-per-week research assistant under Max Heine. Sold Heine Securities to Franklin Resources for $670 million 1996; stayed on for 5 years. Now runs investment outfit MFP Investors. Biggest holdings in June: ConocoPhillips (energy), Kaiser Aluminum (high-strength products), Ingersoll-Rand (industrial equipment), Encore Capital Group (credit services).
$1,400,000,000
5
Leon Cooperman
1944
Hedge Fund Omega
Columbia University and Hunter College
Sage money man envisions "square-root-shaped" recovery: steep plunge giving way to a modest bounce-back tempered by higher unemployment, lower levels of debt. "It's going to take a long time for memories to fade." Plumber's son attended Hunter College, became a Xerox quality-control engineer 1965. Columbia M.B.A.; started Goldman Sachs' asset management arm. Founded Omega Advisors 1991. Today investment firm manages $4.2 billion, 15% less than a year ago. Said to have returned 14% net of fees annually.
$1,150,000,000
6
Grover Connell
1918
Connell Co.
200 Connell Drive
Berkeley Heights, 07922-2805
(908) 673-3700 | www.connellco.com
Columbia University
Company chairman and heir to the Connell family, who founded Connell Rice Co. in 1926; company operates Connell Rice & Sugar, equipment leasing, real estate development, and other diverse businesses.
$860,000,000
7
Harold Honickman
1933
Pepsi-Cola & National Brand
8275 N Route 130
Pennsauken, 08110-1435
(856) 665-6200 | www.pepsi.com
NA
Company chairman founded Honickman Affiliates with the purchase of a New Jersey Pepsi bottling plant in 1957; company bottles and distributes Pepsi, 7-Up, and other soft drinks and beverages in New York and other states.
$750,000,000
8
Gordon Gund
1939
Gund Investment Corp.
14 Nassau St.
Princeton, 08542
(609) 921-3633
Harvard University
Son of George Gund, who bought the Kaffee Hag Corp. (Sanka coffee) in 1919; family sold company in 1927 to Kellogg's. Now a private investor through Gund Investment Corp., and onetime owner of the Cleveland Cavaliers (sold 2004).
$640,000,000
9
Warren Eisenberg
1931
Bed Bath & Beyond
650 Liberty Ave.
Union, 07083
(908) 688-0888 | www.bedbathandbeyond.com
NA
Company co-chairman, who owns about 2 percent of stock, co-founded retailing company Bed, Bath & Beyond Inc. in 1971; company operates the nationwide Bed Bath & Beyond chain of home furnishing and houseware superstores.
$475,000,000
9
Leonard Feinstein
1937
Bed Bath & Beyond
650 Liberty Ave.
Union, 07083
(908) 688-0888 | www.bedbathandbeyond.com
NA
Company co-chairman, who owns about 2 percent of stock, co-founded retailing company Bed, Bath & Beyond Inc. in 1971; company operates the nationwide Bed Bath & Beyond chain of home furnishing and houseware superstores.
$475,000,000
11
David Mandelbaum
1935
Interstate Properties
4171 Route 42, Suite 4
Turnersville, 08012
(856) 513-6445 | www.interstateproperties.com
Princeton University and Harvard University
Co-founded law firm Mandelbaum & Mandelbaum in 1967, real estate company Interstate Properties in 1968 and real estate investment company Vornado Realty in 1980; also part-owner of the Minnesota Vikings pro football team.
$460,000,000
12
Henry M. Rowan
1923
Indel Inc.
10 Indel Ave.
Rancocas, 08073
(609) 267-9000 | www.indelinc.com
MIT
Company chairman founded Inductotherm Industries (now Indel Inc.) in 1953, a manufacturer of induction heating equipment and other products. Donated $100 million to Glassboro State University (now Rowan University) in 1992.
$340,000,000
13
Charles Kushner
1954
Kushner Cos.
18 Columbia Turnpike
Florham Park, 07932
(973) 822-0050 | www.kushnercompanies.com
New York University and Hofstra University
Company chairman and son of Joseph Kushner, who founded commercial real estate development company Kushner Cos. in the 1950s; company owns office buildings, warehouses and other real estate in New York, New Jersey and Pennsylvania.
$325,000,000
14
Oscar Davis
1925
Hayward Industries
620 Division St.
Elizabeth, 07201
(908) 351-5400 | www.haywardnet.com
NA
Company chairman, purchased pool equipment company Hayward Industries in 1964; company manufactures fluid control products and pumps, cleaners, and filtration equipment for swimming pools and spas.
$310,000,000
15
Fred M. Kirby
1919
F. M. Kirby Foundation
17 DeHart St.
P.O. Box 151
Morristown, 07960
(973) 538-4800 | http://foundationcenter.org/grantmaker/kirby/
Lafayette College and Harvard University
Grandson of Fred Kirby, who co-founded F.W. Woolworth Co. and bought Alleghany Corp., a life and property insurance company, in 1927; retired as company chairman in 2006. Now a private investor and philanthropist through the F.M. Kirby Foundation.
$290,000,000
16
William L. Mack
1940
Mack Cos.
2115 Linwood Ave.
Fort Lee, 07024
(201) 346-5400
New York University and University of Pennsylvania
Company's senior partner and grandson of Philip Mack, who founded construction and real estate company The Mack Co. around 1900; company develops and owns office buildings and industrial real estate nationwide.
$280,000,000
17
Jon S. Corzine
1947
MF Global Holdings
717 Fifth Ave., 9th Floor
New York, NY 10022
(212) 589-6200 | www.mfglobal.com
University of Illinois and University of Chicago
Joined investment services and financial advisory company Goldman Sachs & Co. in 1975 (left as company co-CEO in 1999); served as U.S. senator from New Jersey from 2000 to 2006. Governor of New Jersey from 2006-2010. Now chairman and CEO of MF Global Holdings.
$275,000,000
18
Charles J. Snyder
1943
FactSet Research Systems Inc.
1 Gateway Center, Suite 220
Newark, 07102
(973) 849-2400 | www.factset.com
Princeton University and New York University
Company vice chairman and consultant, who owns about 5 percent of stock, co-founded technology company FactSet Research Systems Inc. in 1978; company provides database and research services to the investment advisory and banking industry.
$260,000,000
18
Moshael J. Straus
1952
Ascend Capital Group
2200 Fletcher Ave.
Fort Lee, 07024
(201) 242-5000 | www.ascendcapitalgroup.com
NA
Co-founded, with brother, The Multi-Care Cos., which developed nursing and health care facilities, in 1984 (sold 1997); now a private investor through Ascend Capital Group and philanthropist through the Straus Family Foundation.
$260,000,000
18
Henry Taub
1927
Taub Foundation
300 Frank W. Burr Blvd.
Teaneck, 07666
(201) 287-2500
New York University
Founded Automatic Payrolls Inc. (now Automatic Data Processing Inc.) in 1949, a provider of outsourced payroll and accounting services to corporations; now company honorary chairman, and a private investor and philanthropist through the Taub Foundation.
$260,000,000
21
Vernon W. Hill II
NA
Hill-Townsend Capital LLC
5425 Wisconsin Ave., Suite 703
Chevy Chase, MD 20815
(301) 215-4300 | www.hilltowncap.com
University of Pennsylvania
Founded Site Development Inc., a real estate development company, in 1968 and founded Commerce Bancorp Inc. in 1973, a banking and insurance holding company; retired as Commerce Bancorp chairman in 2007. Now a private investor and philanthropist.
$230,000,000
22
Jeffrey A. Citron
1970
Vonage Holdings Corp.
23 Main St.
Holmdel, 07733
(732) 528-2600 | www.vonage.com
NA
Company chairman, who owns about 30 percent of stock, founded electronic stock trading companies Datek Holdings and Island ECN in 1996 (both sold 2000); founded Vonage Holdings, a provider of long distance telephone services on the Internet, in 2000.
$220,000,000
22
David S. Mack
1942
Mack Cos.
2115 Linwood Ave.
Fort Lee, 07024
(201) 346-5400
Hofstra University
Company senior partner and grandson of Philip Mack, who founded construction and real estate company The Mack Company around 1900; company develops and owns office buildings and industrial real estate nationwide.
$220,000,000
22
Earle I. Mack
1936
Mack Cos.
2115 Linwood Ave.
Fort Lee, 07024
(201) 346-5400
Drexel University and Fordham University
Company senior partner and grandson of Philip Mack, who founded construction and real estate company The Mack Co. around 1900; company develops and owns office buildings and other real estate nationwide.
$220,000,000
25
Frank J. Coyne
NA
Verisk Analytics Inc.
545 Washington Blvd.
Jersey City, 07310
(201) 469-2000 | www.verisk.com
University of Scranton and Duquesne University
Company CEO, who owns 5 percent of stock, former executive with Kemper Insurance Cos. and other companies who joined Insurance Services Office Inc. (now Verisk) in 1999; company provides risk assessment, decision analytics and other services to corporate clients.
$190,000,000
26
Lewis Katz
1942
Katz Ettin Levine
905 N. Kings Highway
Cherry Hill, 08034
(856) 667-6440
Temple University and Dickinson School of Law
Co-founder of the law firm of Katz, Ettin, Levine and one-time owner of Kinney System Inc., which operated parking lots and garages (sold 1998); also part owner of the the New Jersey Nets and New York Yankees and former part owner of the New Jersey Devils.
$180,000,000
27
Leonard A. Wilf
1946
Garden Commercial Properties
820 Morris Turnpike
Short Hills, 07078
(973) 467-5000 | www.gardencommercial.com
Boston University, Georgetown University and New York University
Company CEO and son of Harry Wilf, who co-founded Garden Commercial Properties -- which owns apartment and office buildings, shopping malls and other real estate -- in 1954. With family, purchased the Minnesota Vikings in 2005.
$175,000,000
27
Joseph Wilf
1925
Garden Commercial Properties
820 Morris Turnpike
Short Hills, 07078
(973) 467-5000 | www.gardencommercial.com
NA
Company chairman and co-founder of real estate investment company Garden Commercial Properties; company owns and develops shopping malls, apartment and office buildings, and other commercial real estate nationwide.
$175,000,000
29
J. Brendan Barba
NA
AEP Industries
125 Phillips Ave.
South Hackensack, 07606
(201) 641-6600 | www.aepinc.com
Fairleigh Dickinson
Cofounded, with uncle, AEP Industries Inc. in 1971; company manufactures plastic stretch wraps, polyethelene films and other industrial packaging for food, chemical, and other industries. Company chairman, president, and CEO, family owns 15%+ of stock.
$70,000,000
30
John E. Bailye
NA
EKR Therapeutics Inc.
1545 Route 206, 3rd Floor
Bedminster, 07921
(877) 435-2524 | www.ekrtx.com
Univ. of New South Wales
Founded Dendrite International Inc., which designed sales and customer relationship management (CMR) software, in 1987 (sold 2007); joined EKR Therapeutics Inc., which develops acute-care therapeutics, in 2009. Company executive chairman, privately-held.
$50,000,000
31
Mel Baiada
NA
BaseCamp Ventures
1 Executive Drive, Suite 8
Moorestown, 08057
(856) 813-1100 | www.basecampventures.com
Drexel
Founded information technology company Bluestone Consulting Inc. (sold 2004) in 1989 and communications software company Bluestone Software (sold 2001); founded BaseCamp Ventures, a venture capital and investment company. Company partner, privately-held.
$30,000,000
32
Mark V. Anquillare
NA
Verisk Analytics Inc.
545 Washington Blvd.
Jersey City, 07310
(201) 469-2000 | www.verisk.com
Univ. of Notre Dame/Rutgers
Former executive with Prudential Insurance Company who joined Insurance Services Office Inc. (now Verisk) in 1992; company provides risk assessment, decision analytics and other services to corporate clients. Vice president, owns less than 1% of stock.
$25,000,000
 
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