New Jersey Forbes 400 Count Has Dropped
The state now claims two residents on the annual list of wealthiest Americans, down from four last year.
Updated on Sept. 21, 2026 in Financial Planning
Live Poll
Do you believe the rising wealth of American billionaires is a sign of a healthy economy?
Only two New Jersey residents made the 2026 Forbes 400 list, which tracks the wealthiest individuals in the country. This total represents a decrease from the four state residents who qualified for the list in 2025.
Why it matters
The list inclusion reflects shifting asset valuations across the ultra-high-net-worth population nationwide. To qualify for the 2026 rankings, individuals required a minimum net worth of $4.4 billion.
The threshold for inclusion was $4.4 billion, with two New Jersey residents meeting the criteria: Peter Kellogg of Short Hills at $6.1 billion and Catherine Commisso and family of Saddle River at $5.2 billion.
The players
Peter Kellogg
A Short Hills resident and investor whose net worth is estimated at $6.1 billion.
Catherine Commisso
A Saddle River resident representing a family with an estimated net worth of $5.2 billion.
Donald Trump
The current President of the United States who ranks No. 245 on the list with an estimated net worth of $7 billion.
Elon Musk
A major corporate leader who remains the wealthiest individual in the United States.
The details
Forbes determined these figures by reviewing public documents, stock filings, and private estimates as of Sept. 4, 2026. The list as a whole encompasses a total net worth of $8 trillion among its members, which includes 34 individuals appearing on the rankings for the first time. The final list relies on evaluated asset values relative to the established $4.4 billion minimum.
Timeline
2025: Four New Jersey residents appeared on the Forbes 400 list.
Sept. 4, 2026: Forbes evaluated net worth based on asset values.
2026: Two New Jersey residents were listed on the Forbes 400.
Money Landscape
The 2026 rankings show a concentration of wealth, with the total net worth of all 400 members reaching $8 trillion. This figure follows the baseline set by the 2025 Forbes 400 list, reflecting the volatility and growth in major asset classes over the last year.
While these rankings track the nation's wealthiest, they serve as a benchmark for broader market and asset valuation trends that can affect diverse investment portfolios. Households looking to understand how their own asset valuations align with changing market cycles should consult with a qualified financial professional.
The takeaway
The Forbes 400 list highlights the threshold required to maintain extreme asset levels in the current economy. Investors can track these annual updates to identify which industry sectors and asset classes are currently driving the most significant growth in top-tier wealth.
Further reading
For more on managing long-term assets and planning, visit our section on Financial Planning.
Source note: This article includes information reported by NJBIZ.
Live Poll
Do you believe the rising wealth of American billionaires is a sign of a healthy economy?
