Exactly How Rich Is The Richest Person In New Jersey?

Let's take a minute to break down just how rich the richest person in New Jersey is. He's very very rich by the way.

Sometimes, we hear a number that is so big, that it just doesn't have a way to sink in, but when it comes to money, there is a way to make it a little more understandable if we put it in everyday terms.

So, first of all, Forbes says the richest person in New Jersey is Saddle River's Rocco Commisso whose net worth is a cool 8 billion dollars.

It's not easy to digest that number, but let's give it a try using everyday items we all can afford to purchase and we'll see if that helps us comprehend this number.

Let's say you had $50,000 in the bank and it was time to purchase a new car. If the price tag on the car you wanted was $50,000 exactly, you could buy one car, right?

But if you had $8 billion in your account, you could buy 160,000 of those cars, but you wouldn't have enough left over to build a bigger garage.

What if you had a smaller purchase in mind, maybe a Prada purse that you always wanted? If you could find a nice Prada for about $1500 that would be about right. It would hurt, but it would be a dream come true.

With $8 billion, you could buy the same bag for everyone in New Zealand. And still have enough money left over to buy everyone in Green Bay, Wisconsin a bag as well.

So, in conclusion, it's a lot of money.