Connect with us

Money

The Richest Person in Every U.S. State in 2017

Published

on

Check out the latest 2023 update of the richest person in every U.S. state.

The Richest Person in Every U.S. State in 2017

The Richest Person in Every U.S. State in 2017

Check out the latest 2023 update of the richest person in every U.S. state.

The massive empires of business tycoons like Bill Gates, Warren Buffett, and Jeff Bezos are continually topics of discussion throughout the world, but much less attention finds its way towards the largest personal fortunes at the state level.

That’s because while some of the wealthiest people in their respective states are household names, such as Ray Dalio (Connecticut) or Michael Bloomberg (New York), the majority of people on this list fly below the radar at both the national and international levels. Further, the dropoff from the largest to smallest fortunes on the list is also steeper than you might think.

Examining the Top 10 States

Today’s visualization, which shows the richest person in every U.S. state in 2017, comes from cost information site HowMuch.net while using the latest information from Forbes.

Here’s how the list of the top 10 states round out:

RankPersonStateFortuneSource
#1Bill GatesWashington$88.9BSelf-made
#2Warren BuffettNebraska$76.2BSelf-made
#3Mark ZuckerbergCalifornia$62.4BSelf-made
#4Michael BloombergNew York$50.7BSelf-made
#5Charles KochKansas$47.5BInherited & Growing
#6Jim WaltonArkansas$38.5BInherited
#7Alice WaltonTexas$38.2BInherited
#8Sheldon AdelsonNevada$35.6BSelf-made
#9John MarsWyoming$27.6BInherited
#10Jacqueline MarsVirginia$27.6BInherited

While their fortunes don’t quite compare to the richest people in human history, the numbers above are still very impressive.

The list is topped by Bill Gates, who was briefly overtaken as richest person in the world by fellow Seattleite Jeff Bezos for a short period of time in July, but now again sits in the #1 position. Not surprisingly, Mark Zuckerberg (California) and Michael Bloomberg (New York) also sit high, outranking other high net worth individuals from those states like Larry Ellison ($62.2 billion) or George Soros ($25.2 billion).

The list is dominated by those who are self-made or growing their fortunes, but the second half has billionaire siblings that inherited their family fortunes such as Jim and Alice Walton (Walmart), or John and Jacqueline Mars (Mars).

Flying Under the Radar

In some ways, the bottom portion of the rankings for the Richest Person in Every U.S. State is just as interesting. Many of these people are lesser known, and the disparity between these fortunes and those on the Top 10 list show how hard it really is to grow a fortune to the >$20 billion range.

RankPersonStateFortuneSource
#41Andrea Reimann-CiardelliNew Hampshire$1.1BInherited
#42Gary TharaldsonNorth Dakota$900MSelf-made
#43Leslie LamptonMississippi$760MSelf-made
#44 (t)Robert GoreDelaware$720MInherited & Growing
#44 (t)Elizabeth SnyderDelaware$720MInherited & Growing
#46 (t)Mack C. ChaseNew Mexico$700MSelf-made
#46 (t)Jimmy RaneAlabama$700MSelf-made
#48John AbeleVermont$625MSelf-made
#49 (t)Leonard HydeAlaska$340MSelf-made
#49 (t)Jonathan RubiniAlaska$340MSelf-made

Just one person in the Bottom 10 is a billionaire – the rest have fortunes in the hundreds of millions.

The sources of the fortunes near the end of the list are also quite diverse. Robert Gore and Elizabeth Snyder (and their four other siblings) were the heirs to the Gore-Tex empire, each owning 7% of the company. Meanwhile, Mack C. Chase is an oil tycoon, John Abele has made his money from making medical devices, and Leonard Hyde and Jonathan Rubini are partners in a real estate firm that owns much of the Anchorage skyline.

Click for Comments

Money

Ranked: The World’s Top 10 Billionaires in 2024

With a $205 billion fortune, Elon Musk is currently the world’s richest billionaire.

Published

on

Bar chart showing the world's top 10 billionaires as of June 2024.

The World’s Top 10 Billionaires (June 2024)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Elon Musk has reached a net worth of $205.4 billion in 2024, securing his position as the richest billionaire in the world, ahead of Jeff Bezos at $203.2 billion and Bernard Arnault at $200 billion. Arnault, the billionaire chairman and CEO of the global luxury goods company LVMH, led the ranking at the beginning of the year.

Using data from Forbes’ Real-Time Billionaires List, we provide a snapshot of the top 10 billionaires in the world as of June 11, 2024. It is important to note that the rank changes frequently due to fluctuations in stock prices, market conditions, and significant business transactions.

$1.6T in Combined Wealth

The wealth of the top 10 wealthiest people ($1.6 trillion) is almost equivalent to Mexico’s GDP, the 14th largest economy in the world.

At the top of the list, Elon Musk’s wealth derives primarily from his stake in Tesla, his holdings in SpaceX, and the social media platform X.

RankNameNet Worth (USD in Billions)Source
1Elon Musk$205.40Tesla, SpaceX
3Jeff Bezos$203.20Amazon
2Bernard Arnault & family$200.00LVMH
4Mark Zuckerberg$176.50Facebook
5Larry Ellison$153.70Oracle
6Larry Page$145.10Google
8Sergey Brin$139.00Google
7Warren Buffett$134.00Berkshire Hathaway
9Bill Gates$131.00Microsoft
10Steve Ballmer$126.50Microsoft

Recently, Tesla shareholders voted to approve a pay package worth approximately $50 billion for Musk at the company’s annual shareholder meeting. This decision is being challenged by a Delaware judge, who has described Musk’s award as “unfathomable.”

Meanwhile, Amazon founder Jeff Bezos overtook Bernard Arnault as the second-wealthiest person in June 2024, after LVMH’s shares fell and Amazon’s shares slightly increased.

As a relevant side note, Arnault has also been carefully laying succession plans for LVMH this year, with the 75-year-old recently appointing two more of his sons to the company’s board in April 2024. This leaves just his youngest son without a spot on the board, though he is employed at the company.

Continue Reading
Appian-Capital

Subscribe

Popular