Huge Deals – How They Got Their Billions

New York has over 8 million residents and many very high earners.  It has one of the highest median incomes if not the highest of any city in the US. Because of these factors it takes a huge net worth to become one of the richest in the state.  Being in the top 10 would put you not only in the top 1% but in the top .0001%.   We hope you enjoy our list below, these individuals come from all walks of life and some are sure to surprise you.

Ranking: 10th
Name: Leonard Lauder
Age: 84
Net Worth: $9 Billion

New York resident Leonard Lauder has a net worth of just over $9 Billion and is currently the chairman emeritus of Estee Lauder a company founded by his parents.  Before joining the company  he graduated Wharton, studied at Columbia, and served as a US Navy lieutenant, all before the age of 25.

Rank: 9th
Name: Stephen Schwarzman
Age: 70
Net Worth: $10.3 Billion

Stephen Schwarzman is currently the CEO of the Blackstone Group,  a private equity group which he founded in 1985 along with Pete Peterson the former US Secretary of Commerce.  Stephen was raised in the suburbs of Philadelphia and later graduated from Yale and Harvard Business School.  During his time at Yale he was a member of the secret Skull & Bones society.

Rank:  8th
Location: Samuel Newhouse Jr.
Age: 89
Net Worth: $10.5 Billion

Samuel Newhouse Jr is currently co owner of Advance Publication a company which was founded by his father in 1922.  The company owns many well circulated magazines and newspapers including The New Yorker, Vogue, Vanity Fair, the Star Ledger, and The Oregonian.  They also own Bright House Networks as well as a stake in Discovery Communications.

Rank: 7th
Name: Rupert Murdoch
Age: 86
Net Worth: $11.1 Billion

Rupert Murdoch is currently the CEO of Fox News.  The Australian born Murdoch created his own private company in the early 1950’s and began acquiring newspapers in Australia and New Zealand and then later moving on to the UK and eventually the US.  Him and his family currently own both 21 Century Fox and News Corp.

Rank: 6th
Name: Ronald Perelman
Age: 74
Net Worth: $12.2 Billion

Ronald Perelman is the current Chairman & CEO of MacAndrews & Forbes Incorporated.  He was born in Greensboro, North Carolina and later attended Wharton majoring in business.  During his freshman year he took part in his first major deal, where he partnered with his father and purchased a brewery that was later sold for a $1 million profit.

Ranking: 5th
Name: Carl Icahn
Age: 81
Net Worth: $15.7 Billion

Carl Icahn is currently a special adviser to President Donald Trump on regulatory reform.  He is also the founder and majority shareholder of Icahn Enterprises.  Raised in Queens, he later graduated from Princeton with a degree in philosophy, attended New York University School of Medicine, where he then dropped out to join the army reserves.

Rank: 4th
Name: James Simons
Age: 79
Net Worth: $16.5 Billion

James Simons is the founder and a current chairman and adviser of Renaissance Technologies a private hedge fund.  He is a well know and gifted mathematician, receiving a degree in mathematics from MIT, and also a Ph.D. from UC Berkeley all by the time he was 23.  He is also one of the first well know quantitative investors.

Rank:  3rd
Location: George Soros
Age: 86
Net Worth: $24.9 Billion

Born in Budapest, before making his way to England and later the US, is one of the most successful investors in the world.  Arguably his most famous trade took place during 1992 where he shorted the British Pound and ended up netting over $1 billion in profits.

Rank: 2nd
Name: David Koch
Age: 77
Net Worth: $42 Billion

David Koch is currently the Vice President of Koch Industries, the second largest privately held company in the US.  Born in Wichita, Kansas, David went on to graduate from MIT with a masters in chemical engineering.  He is also 1 of 66 survivors in the USAir Flight 1493 crash at LAX in 1991.

Rank: 1st
Name: Michael Bloomberg
Age: 75
Net Worth: $45 Billion

Michael Bloomberg is the founder, CEO, and owner of Bloomberg L.P. and Former mayor of New York City.  He is estimated to be one of the top then richest people in the world.  Born and raised in Massachusetts he is a graduate of John Hopkins University as well as Harvard Business School.