Millionaire Caspersen mulls bid for Ferguson seat

Bedminster Councilman Finn Caspersen, Jr., the heir to the Beneficial Management fortune, is mulling a bid for Mike Ferguson’s House seat. Caspersen wanted to challenge Rep. Rush Holt in 2002, but dropped out of the race after congressional redistricting moved much of the Somerset portion of the old 12th district into the 7th.

Casperson is the son of philanthropist Finn Caspersen, Sr., the retired Beneficial Management Chairman who was ranked by Mother Jones as the 11th biggest political donor in the nation, giving $811,000 to candidates from both parties.

The 37-year-old Caspersen says he is “just thinking about it at this point.”

“I think you always think through these things, and I’ll give it some thought this weekend — at this point I’m not in a position to make a determination,” Caspersen told

Caspersen also praised Ferguson.

“I think it’s unfortunate that the Congressman is retiring. He’s done a terrific job. I think it’s a loss for the state and for the country,” said Caspersen.

Caspersen is a 1992 graduate of Harvard College and received his law degree there in 1995. He is Senior Vice President, General Counsel, of Peapack Gladstone Bank and serves on numerous charitable boards.

Millionaire Caspersen mulls bid for Ferguson seat