The Richest Person in Every U.S. State
Do you suffer from FOMO when it comes to making money? Are you always looking for your next business opportunity? If so, we’ve collected a list of the richest people in each U.S. state to inspire you.
Some of the names of this list — Bezos, Koch, Walton — are more familiar, while others you may have never heard of. Read on to learn about the wealthiest person in each U.S. state.
Alabama & Alaska
Who has the most money in Alabama’s wealthy elite? That would be Jimmy Rane (pictured below) of Abbeville, Alabama, with an estimated net worth of $90 million. The lumber magnate is trying to “revitalize his town,” according to 24/7 Wall St.
Arizona & Arkansas
The Garcias of Phoenix, Arizona, like to keep it all in the family. After Ernest Garcia II founded the used-car business Carvana, he taught his son, Ernest Garcia III, the ropes. The business took off quickly, and Garcia II is now reportedly worth $3.8 billion. Having talented children who can multiply your money by millions is a big plus.
Some billionaires choose to spend their money on lavish homes, expensive vacations, or luxury yachts. Larry Ellison has a different passion: planes. The wealthiest man in California is a licensed pilot and the owner of several luxury aircraft. He also owns two military planes: an Italian SIAI-Marchetti S.211 and a Russian MiG-29 (which the U.S. government banned him from importing).
Colorado & Connecticut
This year, people are finding multiple ways to earn millions. Philip Anschutz (pictured), a billionaire multitasker influencing the entertainment and real estate industries (he owns Coachella), is making moves like the Kardashians. He has an estimated $10.9 billion net worth for his ongoing business efforts.
This state has a pair of siblings seemingly unconcerned about rivalry. Why is that? They share $750 million in estimated assets. Robert Gore and Elizabeth Snyder are heirs to the Gore-Tex fortune founded by their parents, Wilbur and Genevieve Gore.
The Sunshine State offers everything from beautiful beaches to worthwhile business ventures. Thomas Peterffy, whose business dealings may become the stuff of legend, is the world’s “largest electronic broker by daily average revenue trades,” according to Bloomberg. The billionaire businessman is the chairman of the digital high-speed trading company Interactive Brokers.
Georgia & Hawaii
Some individuals are born into families with fortunes, like Jim Kennedy. He inherited Cox Enterprises, which includes TV and other media projects, to reach a $9.5 billion net worth. Kennedy also spends time on philanthropy, having donated $35 million to Emory University towards Alzheimer’s research.
Idaho, Illinois, Indiana & Idaho
Frank Vandersloot (pictured), leader of pharmaceutical company Melaleuca (with an estimated $4.3 billion net worth), is making bucks. He joins another top entrepreneur, Ken Griffin, who founded global investment fund Citadel and is worth $11.7 billion in Illinois. Griffin’s pockets must be deeper than Chicago’s signature deep-dish pizza, huh?
Perhaps the most talked-about magnate lives in Kansas. Can you guess who? He has expanded his family’s oil and refinery company, with 67,000 employees in the U.S. alone. Are you getting warmer? If you guessed Charles Koch, then you are right.
Kentucky & Louisiana
Odds are, at some point in your life, you’ve encountered the Public Storage company. You can thank B. Wayne Hughes (pictured) for this company, as there are more than 200 locations. The company’s expansion shows that Hughes’ $2.8 billion hustle works. Hughes is also a thoroughbred racehorse enthusiast — he has owned and raced thoroughbreds since 1972, as well as owns his own thoroughbred farm near Lexington, Kentucky.
Maine may have a smaller population than other states, but the rich folks have large stacks of money here. With a total of $1.6 billion, Susan Alfond, a Maine heiress, reportedly has the largest stack of money in the state. Her family’s company was also bought by billionaire Warren Buffett.
Many of the billionaires on this list share their wealth with their families. In Maryland, the title of the richest person goes to a real estate tycoon who has his family’s back: Ted Lerner, founder of Lerner Enterprises. Lerner Enterprises is owned solely by the family, and Lerner’s three children are set to inherit the entire company.
One woman knocks out the competition for richest person in Massachusetts with an estimated net worth of $16.4 billion. What’s the secret to her success? “Everyday you have to get up with new energy and new ideas to contribute to pushing the organization forward,” she told Forbes.
A family dream that started back in the 1930s has come true, and two brothers are reaping the rewards. They are Hank and Doug Meijer, co-chairmen of the Michigan-based grocery chain, Meijer. At this point, there are more than 200 Meijer stores located throughout the Midwest.
This state’s sports teams have something in common – many of them have the same owner. But who is that man? Glen Taylor, who lives in Minnesota, owns major stakes in the Timberwolves (NBA) and Minnesota United (MLS), among other teams.
Mississippi, Missouri & Montana
The next four billionaires run successful companies in the South and Midwest. First, two brothers built the largest truck tire distributor company in the nation, Southern Tire Mart. James and Thomas Duff are the owners of 18 businesses, including Duff Capital Investors, and they’re also the richest people in Mississippi, (worth $1.2 billion).
This mogul is the third-richest American valued at $88.1 billion. Any guesses? He has a few well-known quotations, including this one: "Successful Investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."
Nevada & New Hampshire
If you gamble in Las Vegas, chances are you have heard of Sheldon Adelson (pictured). He is the founder, chairman and CEO of the Las Vegas Sands, with $36.4 billion in assets. He is also a major contributor to the Republican Party, and set the record for the largest individual donation to the Trump campaign in 2016, with a $25 million donation.
New Jersey & New Mexico
Let’s kick off a head-to-head billionaires battle. We have a New Jersey hedge fund manager and a New Mexico oil tycoon. Who wins? John Overdeck, a Jersey hedge fund manager, has $6.1 million in assets. However, Mark C. Chase, a New Mexico oil and gas industry leader, has $700 million.
The No. 1 money maker in New York state has a media company that makes upwards of $9 billion per year. He is Michael Bloomberg, the former NYC mayor that transformed Bloomberg L.P. from a startup in a one-room office to a major empire.
North Carolina & North Dakota
The battle of the “North” pits two billionaires against one another. But who will win? We have an analytics software firm titan in one corner and a North Dakota hotel operator in the other. But who takes the top spot? If you guessed North Carolina, then you are right.
Ohio & Oklahoma
It’s no secret that the Victoria’s Secret brand is largely successful because of Lex Wexner. The L Brands founder and CEO, who lives in Ohio and has a $4.7 billion net worth, helped Victoria’s Secret stores spread everywhere. The brand is a nationwide favorite, with stores in every state in the U.S.
Oregon & Pennsylvania
Nike’s founder, Phil Knight, has become the wealthiest person in Oregon with an estimated $35 million net worth. Knight started Nike with his undergraduate track coach, Bill Bowerman, in 1964. He grew his business from selling Nike sneakers at track meets out of his car in the Pacific Northwest to the global brand we know today.
Rhode Island & South Carolina
Jonathan Nelson, the founder and CEO of Providence Equity, takes the number one billionaire spot in the state of Rhode Island, with a net worth of $1.8 billion. His company has stakes in other companies as well, such as Univision.
South Dakota & Tennessee
T. Denny Sanford earns South Dakota’s title with a net worth of $2.6 billion, thanks in large part to First Premier Bank, which he owns. Sanford has also donated millions to several children’s hospitals, and has pledged to give away the entirety of his wealth prior to his death, instead of leaving it to charitable causes in his will.
Texas & Utah
And here’s the second Walton family member on this list, Alice Walton. She has taken over Texas’ top spot as the richest person in the Lone Star State, with an estimated net worth of $45.6 billion. Walton is the daughter of WalMart founders Sam and Helen Walton.
Vermont & Virginia
John Abele (pictured), a retired stakeholder who founded the successful medical device company, Boston Scientific, along with Peter Nicholas, holds the largest fortune in Vermont. He has given millions to nonprofits, leaving him with a reported $630 million net worth.
Jeff Bezos is not only the richest person in Washington State, but also claims the title of the richest person in the world. His company, Amazon, is the biggest player in the e-commerce industry. Bezos himself has an incredible net worth of $152 billion.
The word “justice” means more than just its dictionary definition in this state. It also refers to the last name of the man who holds the most wealth. Here’s a hint – he is currently the governor in West Virginia and has been since 2017. He also deals in the agriculture business.
Wisconsin & Wyoming
This wealthiest resident in Wisconsin is worth about $10.9 billion. He is John Menard, Jr. and his fortune comes from the Midwestern home improvement brand Menard’s. What made him start the business? In a bold move, he said no to a job at IBM to create his own company.