{"id":226991,"date":"2026-11-03T18:43:24","date_gmt":"2026-11-03T18:43:24","guid":{"rendered":"https:\/\/thelocalgirl.com\/newjersey\/?p=226991"},"modified":"2026-11-03T21:24:22","modified_gmt":"2026-11-03T21:24:22","slug":"new-jersey-richest-person-peter-kellogg-short-hills-2026","status":"publish","type":"post","link":"https:\/\/thelocalgirl.com\/newjersey\/new-jersey-richest-person-peter-kellogg-short-hills-2026\/","title":{"rendered":"The Richest Person in NJ Lives in Short Hills"},"content":{"rendered":"<div id=\"custom_featured_image\" style=\"display:none;\"><img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-300x200.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"new jersey richest person peter kellogg short hills 2026\" style=\"margin-bottom: 15px;\" srcset=\"https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-300x200.jpg 300w, https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-768x511.jpg 768w, https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026.jpg 1000w, https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-585x390.jpg 585w, https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-263x175.jpg 263w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><div id=\"custom_category\" style=\"display:none;\">$$$<\/div><p><span style=\"font-weight: 400;\">New Jersey is home to plenty of successful business leaders, entrepreneurs, and billionaires, but one Essex County resident stands above the rest. According to Forbes\u2019 2026 list of the Richest Person in Every State, New Jersey\u2019s wealthiest resident is Peter Kellogg, a billionaire investor from <a href=\"https:\/\/www.themontclairgirl.com\/greenwood-gardens-short-hills-nj\/\">Short Hills<\/a>. With an estimated net worth of $5.8 billion, Peter ranks No. 1 in New Jersey and No. 780 among the richest people in the world. His fortune comes largely from a career in finance, including the sale of a major Wall Street brokerage firm to Goldman Sachs. <strong>Here\u2019s what to know about New Jersey\u2019s richest resident.<\/strong><\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-226996\" src=\"https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-300x200.jpg\" alt=\"new jersey richest person peter kellogg short hills 2026\" width=\"450\" height=\"300\" srcset=\"https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-300x200.jpg 300w, https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-768x511.jpg 768w, https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-585x390.jpg 585w, https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026-263x175.jpg 263w, https:\/\/thelocalgirl.com\/newjersey\/wp-content\/uploads\/sites\/13\/2026\/11\/new-jersey-richest-person-peter-kellogg-short-hills-2026.jpg 1000w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/p>\n<h3><span style=\"font-weight: 400;\">The Wealthiest NJ Resident<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Forbes released its annual <\/span><a href=\"https:\/\/www.forbes.com\/lists\/richest-in-each-state\/\"><span style=\"font-weight: 400;\">Richest Person In Every Sta<\/span><\/a><span style=\"font-weight: 400;\">te ranking on October 14th. This list tracks the wealthiest residents across the nation with estimates based on business ownership, investments, and other assets. The publication\u2019s 2026 ranking listed Short Hills resident Peter Kellogg, 84, as New Jersey\u2019s wealthiest person, estimating his net worth at $5.8 billion. At the time of this article, Peter was also ranked as the 724th richest person globally.&nbsp;<\/span><\/p>\n<p style=\"text-align: center;\"><em><strong>Read More: <a href=\"https:\/\/www.themontclairgirl.com\/mikie-sherrill-montclair-home-for-sale\/\">NJ Gov. Mikie Sherrill\u2019s Montclair Home Hits the Market for $3.5 Million<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400;\">This is the first time Peter has been listed as New Jersey\u2019s richest person. John Overdeck, co-Founder and co-chairman of Two Sigma, took the top spot in <\/span><a href=\"https:\/\/www.forbes.com\/sites\/forbeswealthteam\/2025\/04\/30\/forbes-richest-person-in-every-state-2025\/?utm_\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">2025<\/span><\/a><span style=\"font-weight: 400;\"> with a net worth of $7.4 billion. According to Forbes, John has since moved to Palm Beach, Florida.&nbsp;<\/span><\/p>\n<p><a href=\"https:\/\/www.forbes.com\/profile\/rocco-commisso\/?sh=7cfefaf523ff\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Rocco Commisso<\/span><\/a><span style=\"font-weight: 400;\">, founder and CEO of New York-based Mediacom and a Saddle River resident, ranked as New Jersey\u2019s richest person in 2024 with a net worth of $8 billion. He passed away on January 16th at the age of 76.&nbsp;<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Who Is Peter Kellogg?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">So, who is the Garden State\u2019s wealthiest person? According to his <\/span><a href=\"https:\/\/www.forbes.com\/profile\/peter-kellogg\/?list=richest-in-each-state\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Forbes profile<\/span><\/a><span style=\"font-weight: 400;\">, Peter is a longtime Wall Street executive and investor. He earned a bachelor\u2019s degree from Babson College and began his career at the brokerage firm Spear, Leeds &amp; Kellogg in 1973, where his father was a partner. Peter eventually took on a leadership role at the company, helping grow it into a major player in the stock market. Under his leadership, Spear, Leeds &amp; Kellogg became the first specialist brokerage firm to control more than 10% of the stocks traded on the New York Stock Exchange.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2000, Peter sold the brokerage firm to Goldman Sachs in a deal valued at $6.5 billion in cash and stock. The sale marked a major milestone in his career and helped establish the fortune behind his current billionaire status. Peter later served as CEO of IAT, an insurance and reinsurance company, until 2015. He continues to serve as the company&#8217;s chairman.<\/span><\/p>\n<p style=\"text-align: center;\"><em><strong>See More: <a class=\"gs-title\" dir=\"ltr\" href=\"https:\/\/www.hobokengirl.com\/john-astor-hetty-green-hoboken-new-jersey\/\" target=\"blank\" data-cturl=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=10eccc4940c034c21&amp;opi=88066884&amp;q=https:\/\/www.hobokengirl.com\/john-astor-hetty-green-hoboken-new-jersey\/&amp;sa=U&amp;ved=2ahUKEwjW2OTorOyXAxVKKFkFHSd1L7sQFnoECAQQAg&amp;usg=AOvVaw0Xvoe8YEG4gMUxyrC6S-xw&amp;fexp=122108196,122108195,121847802\" data-ctorig=\"https:\/\/www.hobokengirl.com\/john-astor-hetty-green-hoboken-new-jersey\/\">The Once Richest Man + Woman in America Lived in Hoboken<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400;\">Beyond his business career, Peter has donated more than $4 million to the U.S. ski and snowboard teams. He is married and has three children.<\/span><\/p>\n<p>Follow @thenewjerseygirl on&nbsp;<a class=\"broken_link\" href=\"https:\/\/www.instagram.com\/thelocalgirlhq\/?hl=en\">Instagram<\/a>&nbsp;+&nbsp;<a href=\"https:\/\/www.tiktok.com\/@thelocalgirlhq?lang=en\">TikTok<\/a>&nbsp;for the latest updates on Hoboken, Montclair, Bergen County, and more,&nbsp;<a href=\"https:\/\/thelocalgirl.myflodesk.com\/xdt5qdr3st\">sign up for our weekly newsletter here<\/a>&nbsp;that shares everything you missed each week, and check out our&nbsp;<a href=\"https:\/\/thelocalgirl.com\/calendar\/\">events calendar<\/a>, which has over 100+ events weekly to peruse.<\/p>\n<div class=\"categories\" style=\"text-align: center;\"><a class=\"button\" href=\"https:\/\/thelocalgirl.com\/people\/ \/\/\" target=\"_blank\" rel=\"noopener\">People<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>$$$New Jersey is home to plenty of successful business leaders, entrepreneurs, and billionaires, but one Essex County resident stands above the rest.&hellip;<\/p>\n","protected":false},"author":453,"featured_media":226996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[47,45,1,15,40],"tags":[43,11,7],"class_list":["post-226991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-homepage","category-new-jersey","category-news","category-people","category-the-local-girl","tag-new-jersey","tag-news","tag-people"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - 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