Just outside of Parrano in the Italian region of Umbria lies a luxurious 23-room mansion with tennis courts, a horse stable and every imaginable amenity. It was purchased by Governor Phil Murphy in 2004 for $7.3 million. The former Goldman Sachs man is really rich. Some would even say outrageously rich.

But that’s nothing compared to the billionaires club. The people on the following list make Murphy look like he shops at Walmart like the rest of us.

Amassing a billion dollar fortune is a rare feat. For those who don’t think of it, a billion is a million dollars multiplied by a thousand. Essentially, you are a millionaire multiple times over. If written as a check, that would look like this: $1,000,000,000.00.

If you suddenly had that much money, would you stay in New Jersey? We have long been the state where the most people have moved away because they simply can’t afford the unfair property taxes and ridiculous cost of living. If money were no object, would you stay?

CHECK IT OUT: A look inside this incredibly beautiful mansion in Moorestown, NJ

Below is a list of some of the richest people in the world who have chosen New Jersey as their favorite place to live. Think about it. With that kind of money, you could live anywhere, right? They chose New Jersey despite the congestion, the traffic, and all the things that give New Jersey a bad reputation.

Stacker compiled a list of the richest billionaires living in New Jersey using data from Forbes. Billionaires are ranked by their net worth as of last year.

The opinions expressed in the above post are solely those of New Jersey 101.5 talk show host Jeff Deminski.

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