NJ's Richest Person Is Worth $5.8B

New Jersey’s wealthiest resident is Peter Kellogg of Short Hills, with an estimated $5.8 billion fortune built through his work at brokerage firm Spear, Leeds & Kellogg, which he eventually sold to Goldman Sachs for $6.5 billion in 2000. He now leads reinsurance company IAT, according to a new Forbes ranking of the richest person in every state.