04-12020- Mapping The Wealthiest Person In Every US State In 2020

04-12020- Mapping The Wealthiest Person In Every US State In 2020

Mapping The Wealthiest Person In Every US State In 2020

Profile picture for user Tyler Durden

by Tyler Durden

Tue, 04/14/2020 – 23:05

Source:URLNotes
Forbeshttps://www.forbes.com/real-time-billionaires/#1c61006d3d78
24/7 Wall Streethttps://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

2020 ListRequest SpreadsheetReprints

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The Complete List

See all 2,095 Billionaires in 2020

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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

Facebook

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

Google

Technology

14

SERGEY BRIN

$49.1 B

46

United States

Google

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

Google

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

WhatsApp

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

Facebook

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

  01:00 / 01:00  

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 ... by Walmart

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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