Richest Person in Every State

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.

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 controls many properties in Anchorage, including the state’s tallest building, the ConocoPhillips Tower. Rubini and Hyde each owns half of the business, giving them a $300 million estimated net worth each.

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. Garcia’s net worth has skyrocketed in recent months — from $2.4 billion in April to $12.5 billion in August. Carvana’s stock price dropped from over $100 in February to below $50 per share in April, but climbed to over $195 four months later. Garcia and his son Ernie Garcia III are now facing a lawsuit from shareholders accusing them of insider trading. The suit claims the pair took advantage of the stock price drop caused by the COVID-19 pandemic to buy up shares, knowing Carvana was in a strong financial position.

Jim Walton — the youngest son of Sam Walton, founder of Walmart — is one of the many heirs to the retail giant’s fortune. He ranks as the eighth richest person in the world. Walton lives in Bentonville, the Arkansas home of the largest company in the world by revenue. In 2019, Walton donated $1.2 billion-worth of Walmart shares to an undisclosed recipient.

Mark Zuckerberg is California’s wealthiest resident and the fourth wealthiest person in the world. As CEO and co-founder of social media site Facebook, Zuckerberg has an estimated net worth of $95.6 billion — over $40 billion higher than it was in April. He is one of four California residents to rank among the 10 wealthiest, along with Oracle’s Larry Ellison, Elon Musk of PayPal, SpaceX, and Tesla, and Google co-founder Larry Page.

Philip Anschutz has become one of the wealthiest people in the world by investing in several businesses, including oil, railroads, real estate, and entertainment. His Anschutz Entertainment Group owns and operates arenas and stadiums across the globe — which have stood largely empty in recent months. The Denver resident has donated over $100 million to the University of Colorado’s medical center, which was named in his honor. As live events businesses make up a significant part of his wealth, Anschutz’s net worth declined by over $1 billion since the beginning of the pandemic.

Ray Dalio is the founder of Bridgewater Associates, the largest hedge fund in the world based on assets managed. His net worth of $16.9 billion makes him one of the 100 wealthiest people in the world. Dalio started the company out of his New York City apartment, but it is now located in Westport, Connecticut.

Delaware is one of just six states with no billionaire residents. The wealthiest people in the state are siblings Robert Gore and Elizabeth Snyder. The two, who both live in Delaware, owe their fortune to their parents’ company W.L. Gore & Associates, best known for inventing the fabric Gore-Tex. Both Gore and Snyder are worth an estimated $885 million.

Florida’s wealthiest resident is Thomas Peterffy, the former CEO of financial services company Interactive Brokers. Peterffy is best known for contributing to popularizing digital high-speed trading. He stepped down as CEO in 2019 but remained as chairman of the board. Peterffy’s LLC owns more than 80% of Interactive Brokers, accounting for the majority of his net worth.

Atlanta is home to billionaire Jim Kennedy, who inherited the media empire Cox Enterprises. The company, which his grandfather founded in 1898, includes cable television company Cox Communications as well as several other properties spanning television, newspaper, and the internet. Kennedy was CEO of Cox for 20 years until 2008 and remains as chairman.

The founder of auction website eBay, Pierre Omidyar, has an estimated net worth of $18.7 billion. The stock price of eBay increased to over $50 per share in June, boosting his net worth by nearly $8 billion since April. Omidyar, who spent several years of his childhood in Hawaii, moved back to Honolulu in 2006. He invested millions in various business and philanthropic projects throughout the islands, focusing on areas such as local food production, renewable energy, and waste reduction.

Idaho’s richest person is Frank VanderSloot, the founder and long-time head of consumer products and supplements company Melaleuca. VanderSloot has helmed the company since its start in 1985.

Ken Griffin founded global investment fund Citadel in 1990. With an estimated net worth of $15.0 billion, Griffin is the richest person in Illinois and one of the 100 wealthiest people in the United States. Griffin has donated over $1 billion throughout his life, much of which went to nonprofits in his home of Chicago.

Carl Cook of Bloomington, Indiana, is the CEO of Cook Group, a long-time maker of medical equipment. The company specializes in devices used in minimally-invasive surgery such as stents and filters. Carl inherited control of Cook Group from his parents, who founded the company. With a net worth of $10.5 billion, Cook is the wealthiest person in the state.

With an estimated net worth of $5.4 billion, Harry Stine is the wealthiest person in Iowa. Stine made his fortune in the state’s substantial corn and soybean industries. The Stine Seed Company — originally founded in the 1950s by Stine’s father as Stine Seed Farm — today owns hundreds of patents in soybean and corn genetics and is estimated to do over $1 billion in sales annually. Stine still resides with his family in Adel, where his grandparents first moved in the late 1800s.

Kansas’ Charles Koch, along with his late brother David, made his fortune building and running Koch Industries, which has operations in everything from paper products to chemical manufacturing to oil pipelines. The Koch brothers have been known for their participation in the American political system and for their financial support of conservative candidates.

Tamara Gustavson is the largest shareholder of self storage company Public Storage, which was started by her father, B. Wayne Hughes, in 1972. Controlling 11% of the company, Gustavson has a net worth of $4.8 billion. She also sits on Public Storage’s board as well as on the board of American Homes 4 Rent, which was also founded by her father. Gustavson lives on her family’s horse breeding farm, Spendthrift Farms, in Lexington, Kentucky.

Gayle Benson became the wealthiest person in Louisiana following the death of her husband, Tom Benson, in 2018. A legal battle with Tom’s children and grandchildren, who claimed he was mentally unfit when he gave her control of his assets, was eventually settled. Benson now owns both of New Orleans’s pro sports teams, the Pelicans and the Saints.

Susan Alfond is the heiress to the Alfond family fortune. Alfond’s father founded the Dexter Shoe Company, which he sold to Warren Buffett for $420 million in Berkshire Hathaway stock in 1993. As Berkshire Hathaway stock has appreciated, the Alfonds have since made billions.

Maryland’s Ted Lerner has been one of the biggest names in real estate for decades, getting his start in 1952 selling homes before moving into large-scale development. The Chevy Chase resident now has a net worth estimated at $4.8 billion. In 2006, Lerner bought the reigning World Series champion Washington Nationals.

With an estimated net worth of $15.0 billion, Abigail Johnson is the wealthiest person in Massachusetts and the sixth wealthiest woman in America. Johnson is the owner of mutual fund group Fidelity Investments, which her grandfather started. In 2014, she took over as CEO of the firm, which today manages over $2 trillion in assets. Johnson’s siblings and co-heirs to the family fortune, Elizabeth Johnson and Edward Johnson IV, are also billionaires.

Daniel Gilbert’s net worth increased from $6.5 billion in April to $41 billion just four months later following the IPO of Rocket Companies on Aug. 6. Rocket Companies is the parent company Rocket Mortgage and of Quicken Loans, which Gilbert founded. Quicken Loans is now the largest mortgage lender in the U.S., according to Fortune. Gilbert is also the owner of the NBA’s Cleveland Cavaliers.

Glen Taylor made his fortune by founding Taylor Corp., a printing services company. Though he no longer serves as CEO, Taylor remains chairman of the company. Taylor has purchased ownership stakes in several Minnesota sports teams, including the NBA’s Timberwolves and the MLS franchise Minnesota United.

Brothers James and Thomas Duff inherited their father’s tire business, Southern Tire Mart, in 1983 and turned it into the largest truck tire distributor in the nation. The brothers diversified their interests, funding in 2007 Duff Capital, which acquired several businesses over the years. The billionaire brothers are the richest people in Mississippi, each with a net worth of $1.4 billion.

Cargill heiress Pauline MacMillan Keinath became the wealthiest person in Missouri after real estate mogul and Los Angeles Rams owner Stan Kroenke moved his primary residence to Texas. Keinath controls 12% of Cargill, is the world’s largest food company, according to Forbes.

With an estimated net worth of $6.1 billion, Dennis Washington is the wealthiest person in Montana. Through his business, Washington Companies, he owns a diversified group of businesses that span several industries such as shipping, rail transport, and diamond mining. Washington has given over $800 million to the Dennis and Phyllis Washington Foundation, a charitable organization.

One of the most successful investors in history, Warren Buffett is worth an estimated $79.8 billion. The Oracle of Omaha is not only the wealthiest person in Nebraska, but also the third richest person in America. Buffett is the chairman and CEO of Berkshire Hathaway, a conglomerate that partly or wholly owns dozens of companies, including Geico, Duracell, and Kraft Heinz. Buffett was born in Omaha in 1930 and has lived there with his family continuously since 1956.

With an estimated net worth of $31.4 billion, Sheldon Adelson is the wealthiest person in Nevada and one of the 20 wealthiest people in America. Adelson is the chairman and CEO of Las Vegas Sands, one of the largest casino and resort companies in the world. As the casino business has suffered from the COVID-19 pandemic, Adelson’s net worth has shrunk by nearly $4 billion since March 2019.

There are no billionaires living in New Hampshire, but with a $720 million net worth, Andrea Reimann-Ciardelli is the state’s wealthiest resident. Reimann-Ciardelli is a descendant of Ludwig Reimann, who in 1828 joined Johann Adam Benckiser as a partner in his chemical company. Now known as JAB Holding Company, the family business has since expanded into consumer goods and today owns such major brands as Coty, Keurig, and Panera Bread. Reimann-Ciardelli sold her JAB stake in 2003.

Hedge fund manager John Overdeck is the richest person in New Jersey with a net worth of more than $6 billion. Overdeck founded Two Sigma Investments, a hedge fund with more than $54 billion under management. The firm largely focuses on quantitative trading, which relies more on the securities and their trending behavior over time, rather than on the underlying companies’ operations.

Mack C. Chase is an oil and gas tycoon who grew in Artesia, New Mexico, where he still resides today. Chase started his own oil drilling business in 1968. While the Mack Energy Corporation has since expanded its operations to Texas and other parts of New Mexico, the company’s headquarters remain in Artesia. Through the Chase Foundation, Chase has donated millions to Artesia’s schools, students, athletic fields, health care facilities, and downtown area.

New York is home to dozens of billionaires, and at the top of this group is investor, media mogul, and former New York Mayor Michael Bloomberg. In 1981, Bloomberg started his investing media company, which also provides trading terminals to businesses and investors. Bloomberg was able to leverage his fame and wealth in the New York area to win a bid for city mayor in 2002 and served for three terms.

With an estimated net worth of $6.5 billion, James Goodnight is the wealthiest person in North Carolina. Goodnight made his fortune in the software industry, founding analytics software company SAS in 1976. The company is currently the largest employer in Cary, North Carolina, where Goodnight lives.

Gary Tharaldson, the Fargo-based builder and operator of hundreds of hotels across the country through Tharaldson Companies, is the only billionaire in North Dakota. Tharaldson sold 130 of his hotels for $1.2 billion to Goldman Sachs in 2006.

Les Wexner is the founder and CEO of L Brands, a fashion retailer that owns flagship brands such as Victoria’s Secret and Bath & Body Works. In February 2020, Wexner announced he would step down as the CEO and sell a majority stake in L Brands to a private equity firm, but the firm said in April it intends to back out of the deal.

Hobby Lobby founder and CEO David Green is the wealthiest man in Oklahoma, with a fortune of $7.6 billion. He supplanted oil magnate Harold Hamm, whose net worth plummeted along with the price of oil during the pandemic. With an estimated $5 billion in sales a year, Hobby Lobby now has locations in all but four states.

Phil Knight is Oregon’s wealthiest resident. Knight and his former University of Oregon track coach founded the company that would become footwear behemoth Nike. Today, Nike is one of the largest employers in the state. Knight is also one of the state’s biggest philanthropists, having given more than $2 billion to several universities.

Philadelphia’s Victoria Mars inherited in 2016 an estimated 8% stake in Mars Inc., the candy company founded by her great-grandfather. The company, which now owns several other food and pet food brands, has an estimated $35 billion in sales annually. Victoria is one of three heirs to the Mars fortune to rank on this list.

Providence, Rhode Island, resident Jonathan Nelson is the co-founder and CEO of Providence Equity Partners. The company owns stakes in dozens of companies, largely in media, communications, and information.

Anita Zucker is CEO of the Charleston-based InterTech Group, a chemical manufacturing company. Zucker took over the position after her husband Jerry Zucker, who founded the company, passed away in 2008. In addition to her work, Zucker is also a noted philanthropist, giving millions of dollars to various educational causes throughout her home state of South Carolina.

T. Denny Sanford made much of his fortune with First Premier Bank. Sanford now works as CEO of the bank’s holding company, United National Corporation. Sanford has committed much of his immense wealth to improving the lives of children in and around South Dakota. He has donated hundreds of millions of dollars to children’s hospitals and medical schools in the Midwest.

Thomas Frist Jr. founded Hospital Corporation of America with his father, Thomas Frist Sr., in 1968. Today, the company owns dozens of hospitals in the United States and the U.K. Frist’s net worth had dropped from $12 billion in 2019 to $7.5 billion in April 2020, but has increased back to its prior level.

The daughter of the late Sam Walton, the founder of Walmart and Sam’s Club, Alice Walton is the wealthiest person in Texas and the 14th wealthiest person in the world. Unlike her brothers Rob and Jim, who reside in Arkansas near the company’s headquarters, Alice Walton has not served on Walmart’s board or executive team.

Gail Miller is the head of the Larry H. Miller Group, which she started with her late husband, Larry. The group owns a wide variety of companies, including car dealerships and theater complexes. Miller is also the long-time owner of the state’s only big sports franchise, the NBA’s Utah Jazz. Miller recently placed ownership of the Jazz in the hands of a trust to make sure the team remains in-state for the foreseeable future, but she and her family continue to oversee operations.

Though John Abele is retired, he still has a small stake in Boston Scientific, a medical device company he co-founded in 1979. Abele was once a billionaire, but he donated much of his wealth, leaving him with $640 million.

Jacqueline Mars, heiress to the candy company Mars, Inc. fortune, is not just the richest person in Virginia, but also one of the wealthiest people in the world. With an estimated net worth of $28.9 billion, Mars ranks as the 39th wealthiest person in the world. Mars, her brother John, and the heirs of their late brother Forrest Jr. own one-third of Mars, Inc. each. Virginia Mars was involved in the company’s operations until 2016, when she stepped down from the board.

Jeff Bezos, founder and CEO of e-commerce juggernaut Amazon, is the wealthiest person in the world. With a current net worth of nearly $188.8 billion, Bezos is dozens of billions of dollars ahead of fellow Washington resident Bill Gates, who is the second richest person in the world. As e-commerce has taken on an increasingly important role in day-to-day life, already before the pandemic and certainly since, Bezos’ net worth has skyrocketed, up from $113 billion in April.

West Virginia’s wealthiest resident, Jim Justice II, owes his fortune to coal. He inherited a coal business from his father and still owns mines in five states. Justice was elected state governor, running as a Democrat, in 2016. He flipped parties to become a Republican six months after winning. As of August 2020, he was running for reelection after defeating off several primary challengers.

John Menard, Jr. derives his fortune from the home improvement store bearing his name, Menard’s. The business has over 300 locations around the Midwest. Menard’s net worth increased by more than $2 billion amid the pandemic.

Like the other billionaires in his family, John Mars’s vast fortune stems from the company his grandfather founded, Mars, Inc. The company makes some of the world’s most recognizable candies, including M&Ms, Snickers, and Twix. John and his sister Jacqueline each owns a third of the company, and the rest is divided among the four daughters of his late brother Forrest Jr.