04-12020- Mapping The Wealthiest Person In Every US State In 2020
Mapping The Wealthiest Person In Every US State In 2020
by Tyler Durden
Tue, 04/14/2020 – 23:05
| Source: | URL | Notes | |
| Forbes | https://www.forbes.com/real-time-billionaires/#1c61006d3d78 | ||
| 24/7 Wall Street | https://247wallst.com/special-report/2020/02/10/richest-person-in-every-state/ |
There are different degrees of wealth that exist, even among the richest in America.
For example, a heavy-hitting millionaire might have the most impressive fortune in his or her home state – but, as Visual Capitalist’s Jeff Desjardins shows below, venture a few miles across the state border, and suddenly they become a small fish in a much bigger pond.
Today’s map comes to us from HowMuch.net, and it shows the incredible variance in the biggest fortunes on a state-by-state basis.
The Rich List, by State
Below is the full list containing the wealthiest person in every U.S. state, based on calculations by Forbes in early March 2020.
Amazon founder Jeff Bezos tops the list with a net worth of $117.1 billion in the state of Washington — meanwhile, the smallest fortune on the list is located in Alaska at just $0.3 billion.
While all of the names above are considered extraordinarily wealthy in their home states, there is still a magnitude of difference involved. The low end of the list ($0.3 billion) would need to multiply their fortune by 390 times to get up to the $117.1 billion Bezos level.
To put this another way, the same degree of difference exists between the median household wealth in the U.S. (~$100,000) and a multi-millionaire with $39 million to their name.
Rising and Falling Fortunes
The above figures were obtained prior to the COVID-19 market crash, which will surely impact the size of some of the fortunes listed here.
Who will be most and least impacted by the recent stock market turmoil?
Even though Jeff Bezos has most of his wealth tied up in Amazon stock, so far it has been relatively unaffected by the volatility. With more people staying home because of social distancing, orders on online platforms such as Amazon have exploded.
Similarly to Amazon, the heirs of the Walmart fortune in the Walton family — including Jim Walton, Alice Walton, and Rob Walton — are also seeing Walmart’s stock price hold relatively steady in the face of volatility. In fact, some analysts consider Walmart to be the ultimate “recession-proof” stock, as consumers flock to discount goods in poor economic times.
Warren Buffett is also an interesting case. Though the stock market has certainly disrupted the real-time value of his fortune, that’s not the game that Warren Buffett plays. In fact, he is known for waiting for times of crisis to deploy his cash, and has a significant stockpile of money ready for just this kind of situation.
Billionaires like Sheldon Adelson in Nevada or Philip Anschutz of Colorado might be singing a different tune than some of the other above magnates. Adelson, for example, owns a good chunk of the Las Vegas Strip, as well as casinos and hotels in Singapore and Macao. Unfortunately, tourism-related businesses are some of the hardest hit in the COVID-19 crash.
Meanwhile, Anschutz owns the Coachella Music Festival and stakes in many professional sports teams (LA Lakers, LA Kings, and multiple MLS teams), which have all been impacted by the cancellation of big events and gatherings throughout the country. Like many others, Anschutz is probably itching for things to get back to normal.
https://howmuch.net/sources/richest-person-every-state-2020
Here’s the Wealthiest Person in Every State
About the article
https://www.forbes.com/real-time-billionaires/#680293533d78
THE REAL-TIME BILLIONAIRES LIST
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Oldest
Youngest
Women
Country/Territory
Industries
Rank
Name
Net Worth
Age
Country/Territory
Source
Industries
1
JEFF BEZOS
$113 B
56
United States
Amazon
Technology
2
BILL GATES
$98 B
64
United States
Microsoft
Technology
3
BERNARD ARNAULT & FAMILY
$76 B
71
France
LVMH
Fashion & Retail
4
WARREN BUFFETT
$67.5 B
89
United States
Berkshire Hathaway
Finance & Investments
5
LARRY ELLISON
$59 B
75
United States
software
Technology
6
AMANCIO ORTEGA
$55.1 B
84
Spain
Zara
Fashion & Retail
7
MARK ZUCKERBERG
$54.7 B
35
United States
Technology
8
JIM WALTON
$54.6 B
71
United States
Walmart
Fashion & Retail
9
ALICE WALTON
$54.4 B
70
United States
Walmart
Fashion & Retail
10
ROB WALTON
$54.1 B
75
United States
Walmart
Fashion & Retail
11
STEVE BALLMER
$52.7 B
64
United States
Microsoft
Technology
12
CARLOS SLIM HELU & FAMILY
$52.1 B
80
Mexico
telecom
Telecom
13
LARRY PAGE
$50.9 B
47
United States
Technology
14
SERGEY BRIN
$49.1 B
46
United States
Technology
15
FRANCOISE BETTENCOURT MEYERS & FAMILY
$48.9 B
66
France
L’Oreal
Fashion & Retail
16
MICHAEL BLOOMBERG
$48 B
78
United States
Bloomberg LP
Media & Entertainment
17
JACK MA
$38.8 B
55
China
e-commerce
Technology
18
CHARLES KOCH
$38.2 B
84
United States
Koch Industries
Diversified
18
JULIA KOCH & FAMILY
$38.2 B
57
United States
Koch Industries
Diversified
20
MA HUATENG
$38.1 B
48
China
internet media
Technology
21
MUKESH AMBANI
$36.8 B
62
India
petrochemicals, oil & gas
Energy
22
MACKENZIE BEZOS
$36 B
50
United States
Amazon.com
Technology
23
BEATE HEISTER & KARL ALBRECHT JR.
$33.3 B
Germany
supermarkets
Fashion & Retail
24
DAVID THOMSON & FAMILY
$31.6 B
62
Canada
media
Media & Entertainment
25
PHIL KNIGHT & FAMILY
$29.5 B
82
United States
Nike
Fashion & Retail
26
LEE SHAU KEE
$28.1 B
92
Hong Kong
real estate
Real Estate
27
FRANÇOIS PINAULT & FAMILY
$27 B
83
France
luxury goods
Fashion & Retail
28
SHELDON ADELSON
$26.8 B
86
United States
casinos
Gambling & Casinos
29
JACQUELINE MARS
$24.7 B
80
United States
candy, pet food
Food & Beverage
29
JOHN MARS
$24.7 B
84
United States
candy, pet food
Food & Beverage
31
ELON MUSK
$24.6 B
48
United States
Tesla Motors, SpaceX
Automotive
32
GIOVANNI FERRERO
$24.5 B
55
Italy
Nutella, chocolates
Food & Beverage
33
MICHAEL DELL
$22.9 B
55
United States
Dell computers
Technology
34
HUI KA YAN
$21.8 B
61
China
real estate
Real Estate
35
LI KA-SHING
$21.7 B
91
Hong Kong
diversified
Diversified
36
HE XIANGJIAN
$21.6 B
77
China
home appliances
Manufacturing
36
JIM SIMONS
$21.6 B
81
United States
hedge funds
Finance & Investments
38
YANG HUIYAN & FAMILY
$20.3 B
38
China
real estate
Real Estate
39
JOSEPH SAFRA
$19.9 B
81
Brazil
banking
Finance & Investments
40
DIETER SCHWARZ
$19.8 B
80
Germany
retail
Fashion & Retail
41
VLADIMIR POTANIN
$19.7 B
59
Russia
metals
Metals & Mining
41
TADASHI YANAI & FAMILY
$19.7 B
71
Japan
fashion retail
Fashion & Retail
43
QIN YINGLIN & FAMILY
$18.5 B
54
China
pig breeding
Food & Beverage
44
LUKAS WALTON
$18.4 B
33
United States
Walmart
Fashion & Retail
45
VLADIMIR LISIN
$18.1 B
63
Russia
steel, transport
Metals & Mining
46
RAY DALIO
$18 B
70
United States
hedge funds
Finance & Investments
47
TAKEMITSU TAKIZAKI
$17.4 B
74
Japan
sensors
Manufacturing
48
LEONID MIKHELSON
$17.1 B
64
Russia
gas, chemicals
Energy
48
ALAIN WERTHEIMER
$17.1 B
71
France
Chanel
Fashion & Retail
48
GERARD WERTHEIMER
$17.1 B
69
France
Chanel
Fashion & Retail
51
THEO ALBRECHT, JR. & FAMILY
$17 B
69
Germany
Aldi, Trader Joe’s
Fashion & Retail
51
LEN BLAVATNIK
$17 B
62
United States
diversified
Diversified
51
WILLIAM LEI DING
$17 B
48
China
online games
Technology
54
SUSANNE KLATTEN
$16.8 B
57
Germany
BMW, pharmaceuticals
Automotive
54
ALEXEY MORDASHOV & FAMILY
$16.8 B
54
Russia
steel, investments
Metals & Mining
56
MASAYOSHI SON
$16.6 B
62
Japan
internet, telecom
Telecom
57
COLIN ZHENG HUANG
$16.5 B
40
China
e-commerce
Technology
57
DIETRICH MATESCHITZ
$16.5 B
75
Austria
Red Bull
Food & Beverage
59
JOSEPH LAU
$16.4 B
68
Hong Kong
real estate
Real Estate
59
LAURENE POWELL JOBS & FAMILY
$16.4 B
56
United States
Apple, Disney
Technology
61
ZHANG YIMING
$16.2 B
36
China
software
Technology
62
LEONARDO DEL VECCHIO & FAMILY
$16.1 B
84
Italy
eyeglasses
Fashion & Retail
63
DONALD BREN
$15.5 B
87
United States
real estate
Real Estate
64
STEPHEN SCHWARZMAN
$15.4 B
73
United States
investments
Finance & Investments
65
VAGIT ALEKPEROV
$15.2 B
69
Russia
oil
Energy
65
LEE MAN TAT
$15.2 B
90
Hong Kong
food
Food & Beverage
65
WANG WEI
$15.2 B
50
China
package delivery
Service
68
PETR KELLNER
$14.9 B
55
Czechia
finance, telecommunications
Finance & Investments
68
RUPERT MURDOCH & FAMILY
$14.9 B
89
United States
newspapers, TV network
Media & Entertainment
70
LEONARD LAUDER
$14.6 B
83
United States
Estee Lauder
Fashion & Retail
70
ZHONG HUIJUAN
$14.6 B
59
China
pharmaceuticals
Healthcare
72
GENNADY TIMCHENKO
$14.4 B
67
Russia
oil, gas
Energy
73
THOMAS PETERFFY
$14.3 B
75
United States
discount brokerage
Finance & Investments
74
KLAUS-MICHAEL KUEHNE
$14.2 B
82
Germany
shipping
Logistics
75
LEE KUN-HEE
$14.1 B
78
South Korea
Samsung
Diversified
76
WANG JIANLIN
$14 B
65
China
real estate
Real Estate
77
STEVE COHEN
$13.9 B
63
United States
hedge funds
Finance & Investments
78
RADHAKISHAN DAMANI & FAMILY
$13.8 B
65
India
retail, investments
Fashion & Retail
78
CARL ICAHN
$13.8 B
84
United States
investments
Finance & Investments
80
R. BUDI HARTONO
$13.6 B
79
Indonesia
banking, tobacco
Finance & Investments
81
DHANIN CHEARAVANONT
$13.5 B
80
Thailand
diversified
Diversified
81
STEFAN PERSSON
$13.5 B
72
Sweden
H&M
Fashion & Retail
83
ALISHER USMANOV
$13.4 B
66
Russia
steel, telecom, investments
Metals & Mining
84
ERIC SCHMIDT
$13.2 B
64
United States
Technology
85
GINA RINEHART
$13.1 B
66
Australia
mining
Metals & Mining
86
WALTER P.J. DROEGE
$13 B
67
Germany
consulting
Service
86
MIKHAIL FRIDMAN
$13 B
55
Russia
oil, banking, telecom
Energy
86
MICHAEL HARTONO
$13 B
80
Indonesia
banking, tobacco
Manufacturing
86
DIETMAR HOPP & FAMILY
$13 B
79
Germany
software
Technology
86
ZHANG ZHIDONG
$13 B
48
China
internet media
Technology
91
HINDUJA BROTHERS
$12.9 B
United Kingdom
diversified
Diversified
91
HEINZ HERMANN THIELE & FAMILY
$12.9 B
79
Germany
brakes
Construction & Engineering
93
CHARLENE DE CARVALHO-HEINEKEN & FAMILY
$12.8 B
65
Netherlands
Heineken
Food & Beverage
94
EMMANUEL BESNIER
$12.7 B
49
France
cheese
Food & Beverage
95
ANDREY MELNICHENKO
$12.5 B
48
Russia
coal, fertilizers
Energy
96
LI SHUFU
$12.4 B
56
China
automobiles
Automotive
96
HASSO PLATTNER & FAMILY
$12.4 B
76
Germany
software
Technology
98
LIU YONGHAO & FAMILY
$12.3 B
68
China
agribusiness
Service
98
STEFAN QUANDT
$12.3 B
53
Germany
BMW
Automotive
100
KEN GRIFFIN
$12.1 B
51
United States
hedge funds
Finance & Investments
101
DAVID TEPPER
$12 B
62
United States
hedge funds
Finance & Investments
101
WU YAJUN & FAMILY
$12 B
56
China
real estate
Real Estate
103
KWONG SIU-HING
$11.9 B
90
Hong Kong
real estate
Real Estate
103
SHIV NADAR
$11.9 B
74
India
software services
Technology
105
SUN PIAOYANG
$11.8 B
61
China
pharmaceuticals
Healthcare
106
LUI CHE WOO & FAMILY
$11.7 B
91
Hong Kong
casinos/hotels
Gambling & Casinos
106
RICARDO SALINAS PLIEGO & FAMILY
$11.7 B
64
Mexico
retail, media
Fashion & Retail
108
LI XITING
$11.6 B
69
China
medical devices
Healthcare
108
REINHOLD WUERTH & FAMILY
$11.6 B
84
Germany
fasteners
Manufacturing
110
JOHN MENARD, JR.
$11.5 B
80
United States
home improvement stores
Fashion & Retail
110
PANG KANG
$11.5 B
64
China
soy sauce
Food & Beverage
110
PETER WOO
$11.5 B
73
Hong Kong
real estate
Real Estate
113
ROMAN ABRAMOVICH
$11.3 B
53
Russia
steel, investments
Diversified
113
UDO & HARALD TSCHIRA
$11.3 B
Germany
software
Technology
115
MIKHAIL PROKHOROV
$11.2 B
54
Russia
investments
Finance & Investments
115
XU HANG
$11.2 B
53
Hong Kong
medical devices
Healthcare
117
PALLONJI MISTRY
$11.1 B
90
Ireland
construction
Construction & Engineering
118
PHILIP ANSCHUTZ
$11 B
80
United States
investments
Finance & Investments
118
GERMAN LARREA MOTA VELASCO & FAMILY
$11 B
66
Mexico
mining
Metals & Mining
118
PIERRE OMIDYAR
$11 B
52
United States
eBay, PayPal
Technology
118
JAMES RATCLIFFE
$11 B
67
United Kingdom
chemicals
Manufacturing
118
ZHANG YONG
$11 B
49
Singapore
restaurants
Food & Beverage
123
ROBERT & PHILIP NG
$10.9 B
Singapore
real estate
Real Estate
124
IRIS FONTBONA & FAMILY
$10.8 B
77
Chile
mining
Metals & Mining
124
ABIGAIL JOHNSON
$10.8 B
58
United States
money management
Finance & Investments
124
DONALD NEWHOUSE
$10.8 B
90
United States
media
Media & Entertainment
127
GRAEME HART
$10.5 B
64
New Zealand
investments
Finance & Investments
127
VIKTOR VEKSELBERG
$10.5 B
62
Russia
metals, energy
Energy
129
GOH CHENG LIANG
$10.4 B
92
Singapore
paints
Manufacturing
129
UDAY KOTAK
$10.4 B
61
India
banking
Finance & Investments
129
JORGE PAULO LEMANN & FAMILY
$10.4 B
80
Brazil
beer
Food & Beverage
132
JORN RAUSING
$10.3 B
60
Sweden
packaging
Food & Beverage
133
HANK & DOUG MEIJER
$10.2 B
United States
supermarkets
Fashion & Retail
133
STEFANO PESSINA
$10.2 B
78
Italy
drugstores
Fashion & Retail
135
SULEIMAN KERIMOV & FAMILY
$10 B
54
Russia
investments
Finance & Investments
135
STANLEY KROENKE
$10 B
72
United States
sports, real estate
Sports
135
JOSEPH TSAI
$10 B
56
Canada
e-commerce
Technology
138
GORDON MOORE
$9.8 B
91
United States
Intel
Technology
139
JAN KOUM
$9.7 B
44
United States
Technology
139
ROBIN ZENG
$9.7 B
51
Hong Kong
batteries
Energy
141
JOHN FREDRIKSEN
$9.6 B
75
Cyprus
shipping
Logistics
141
ROBERT KUOK
$9.6 B
96
Malaysia
palm oil, shipping, property
Diversified
141
ANDREAS STRUENGMANN & FAMILY
$9.6 B
70
Germany
pharmaceuticals
Healthcare
141
THOMAS STRUENGMANN & FAMILY
$9.6 B
70
Germany
pharmaceuticals
Healthcare
145
HUI WING MAU
$9.5 B
69
Hong Kong
real estate
Real Estate
146
DUSTIN MOSKOVITZ
$9.3 B
35
United States
Technology
147
LEI JUN
$9.2 B
50
China
smartphones
Technology
147
QUEK LENG CHAN
$9.2 B
78
Malaysia
banking, property
Diversified
147
SUN HONGBIN
$9.2 B
57
United States
real estate
Real Estate
150
FINN RAUSING
$9.1 B
65
Sweden
packaging
Food & Beverage
Richest Person in Every State
Grant Suneson
February 10, 2020 10:26 pm
Last Updated: March 13, 2020 6:04 pm
As the 2020 election has brought income inequality to the forefront of American politics, billionaires are under scrutiny across the nation. Every state has residents worth hundreds of millions, if not billions, of dollars. Each state is home to at least one person worth $300 million or more, and 44 states have at least one billionaire.
To determine the richest person in every state, 24/7 Wall St. compiled data from Forbes’ Real Time Billionaires list. Data on residency and net worth came from the list, which is updated regularly to reflect changes in stock prices and private company valuations. Data is current as of Jan. 13, 2020. For states that have no billionaire, information on the richest person came from the Forbes 400 and the Forbes list of the Richest Person in Every State.
While many of the richest people in every state inherited their fortune, most could be considered self-made, either through successful investments or founding major companies. While creating a thriving business is never easy, some entrepreneurs on this list had a more favorable business climate than others simply because of where they were located. These are the best (and worst) states for business.
SPECIAL REPORT
Richest Person in Every State
Grant Suneson
February 10, 2020 10:26 pm
Last Updated: March 13, 2020 6:04 pm
Source: Courtesy of Auburn University
Alabama: Jimmy Rane
> Est. net worth: $900 million
> Resides: Abbeville
Lumber magnate Jimmy Rane, who advertises his company Great Southern Wood Preserving by posing as his alter ego Yella Fella, is Alabama’s wealthiest person. Rane, whose net worth is estimated at $900 million, continues to live in his small hometown of Abbeville and has made it his personal mission to revitalize the town.
See all stories featuring: Alabama
Source: Fsdbb3 / Wikimedia Commons
Alaska: Leonard Hyde, Jonathan Rubini and Families
> Est. net worth: $300 million (tied)
> Resides: Anchorage
Jonathan Rubini and Leonard Hyde are two of Alaska’s biggest names in real estate. The two own real estate development and management company JL Properties, which owns many properties in Anchorage, including the state’s tallest building, the ConocoPhillips Tower. Rubini and Hyde each own half of the business, giving them a $300 million estimated net worth each.
See all stories featuring: Alaska
ALSO READ: Best and Worst States for Business
Source: Courtesy of DriveTime Automotive
Arizona: Ernest Garcia II
> Est. net worth: $6.2 billion
> Resides: Tempe
Arizona’s Ernest Garcia has made his fortune in the automotive business. He owns major used car retailer DriveTime Automotive and is the largest shareholder of online used car selling platform Carvana. Carvana was founded by Garcia’s son as part of DriveTime before it became a separate system.
See all stories featuring: Arizona
Jim Walton presenting the Sam … (CC BY 2.0) by Walmart
Arkansas: Jim Walton
> Est. net worth: $51.9 billion
> Resides: Bentonville
Jim Walton — the youngest son of Sam Walton, founder of Walmart — is one of the many heirs to the retail giant’s fortune. He also has a slightly larger stake in the company than the other heirs, as well as other investments, making him the richest person in the state. Jim lives in Bentonville, home of the largest company in the world by revenue.
See all stories featuring: Arkansas
Source: Alex Wong / Getty Images
California: Mark Zuckerberg
> Est. net worth: $81.9 billion
> Resides: Palo Alto
Mark Zuckerberg, Facebook’s co-founder and CEO, edged out Oracle’s Larry Ellison to become the wealthiest person in California. Zuckerberg had a net worth in excess of $80 billion as of early 2020. He was also the country’s fourth richest person, according to the 2019 Forbes 400. The fifth, sixth, and seventh richest people in America also live in California — Ellison, and Google co-founders Larry Page and Sergey Brin, respectively.
See all stories featuring: California
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