Step 1: Write the given ellipse.
\[
\frac{x^2}{16}+\frac{y^2}{b^2}=1
\]
For this ellipse:
\[
a^2=16
\]
Step 2: Write the given hyperbola in standard form.
\[
\frac{x^2}{144}-\frac{y^2}{81}=\frac{1}{25}
\]
Multiply both sides by \(25\):
\[
\frac{25x^2}{144}-\frac{25y^2}{81}=1
\]
\[
\frac{x^2}{\frac{144}{25}}-\frac{y^2}{\frac{81}{25}}=1
\]
Step 3: Identify values for hyperbola.
For hyperbola:
\[
a^2=\frac{144}{25},\quad b^2=\frac{81}{25}
\]
Step 4: Find \(c^2\) for hyperbola.
For hyperbola:
\[
c^2=a^2+b^2
\]
\[
c^2=\frac{144}{25}+\frac{81}{25}
\]
\[
c^2=\frac{225}{25}=9
\]
Step 5: Use coinciding foci condition.
Since the foci of ellipse and hyperbola coincide, ellipse must have same \(c^2\).
So for ellipse:
\[
c^2=9
\]
Step 6: Apply ellipse formula.
For ellipse:
\[
c^2=a^2-b^2
\]
\[
9=16-b^2
\]
Step 7: Final conclusion.
\[
b^2=16-9=7
\]
\[
\boxed{7}
\]