Political boss George Norcross, the second most powerful man in the New Jersey business world, has an estimated net worth of $300 million.
George Norcross has carved a name for himself in the American business world.
He ranked continuously in the NJBiz.com top ten list from 2014 to 2016 and 2017 to 2021.
In 2015, New Jersey listed George Norcross, then 58, on the 41st number as the state’s wealthiest person, with a net worth of around $250 million.
Democratic NJ power broker George Norcross accused of leading criminal enterprise in government tax credits case https://t.co/tLR7e6Hn0A pic.twitter.com/9UMtZGMqf1
— New York Post (@nypost) June 17, 2024
Further, the statement reported that Cherry Hill resident George made that money through his banking, insurance, and politics.
On the other hand, David Alan Tepper, founder of Appaloosa Management, reached the first rank as the state’s wealthiest resident, with a net worth of $10 billion, which he mostly accumulated from investments.
Being born to affluent and educated parents, George Norcross got into the business at an early age
George Norcross was born on March 16, 1956, to well-educated parents, father George E. Norcross, Jr, and mother Ann Carol Conner Norcross.
His father was active in the Camden community and chaired the United Way board. He also served on the board of Cooper University Hospital.
His father helped him to start a small insurance company in Camden after he dropped out of Rutgers University in the late 1970s.
George Norcross is South Jersey, controlling just about everything. One of his brothers is a congressman; another is managing partner at a big law firm. Loyal state senators are always ready to bend the family’s way. Wake up #AtlanticCity > https://t.co/5JcZpG8iE6 pic.twitter.com/MeUZgBQE8A
— AC Primetime (@ACprimetime) May 30, 2019
With his father’s reference, he met the city’s mayor, who appointed him to the city’s parking authority, giving him a government job.
However, he becomes financially successful after his involvement in politics.
George served as the chairman of Camden County’s Democratic Association for six years, from 1989 to 1995.
After that, he served many years on the Democratic National Committee and worked there until 2021.
George is currently the chairman of the board of Cooper Health System, where his father served from 1976 to 1983.
He is also on the boards of the MD Anderson Cancer Center at Cooper and Cooper University Hospital, both based in Camden.
Further, he has worked at Conner Strong & Buckelew firm as the executive chairman of insurance, risk management, and employee benefits brokerage since 1979.
The New Jersey Globe never bought the George Norcross is retired narrative. We were right. pic.twitter.com/tOHyLpjFSd
— David Wildstein (@wildstein) November 8, 2023
Along with his business career, he was very much involved in investments as he was announced as one of the local investors in The Camden Waterfront in September 2015.
George reported investing $50 million in the Camden waterfront project. In March 2017, he announced that his company would relocate there as part of a $245 million development.
Additional Information
- As an official resident of Florida, George Norcross spends 90 percent of his time there. Before 2023, he lived in Cherry Hill, New Jersey.
- George Norcross had two children with his wife, Sandy Norcross, and three brothers: Donald Norcross, John C. Norcross, and Philip.
- On June 17, 2024, George Norcross, whose full name is George E. Norcross III, was officially accused of illegally trying to get waterfront land and property. Further, they also accused him of unlawfully collecting millions of dollars in government tax credits.
