Here’s The Richest Billionaire In Every U.S. State 2021

Warren Buffett, Jeff Bezos, Miriam Adelson, Elon Musk
Michael Prince for Forbes (2), Bloomberg, Britta Pedersen Pool/Getty Photos

These 43 members of the three comma membership signify over $1 trillion in collective wealth.

Though pandemic quarantines pressured the overwhelming majority of Individuals to shelter in place for many of 2020, some billionaires moved to greener pastures. Or at the very least ones with decrease taxes.
Take Elon Musk, as an example, who relocated in December 2020 to Austin, Texas—certainly one of 9 U.S. states that doesn’t accumulate revenue tax, igniting a firestorm over the truth that the three richest Individuals now stay in revenue tax-free states. (The opposite two, Jeff Bezos and Invoice Gates, are residents of Washington state.)  

That very same month, software program tycoon Larry Ellison took up residence in Hawaii, which is paradise by definition. However go away it to the Oracle billionaire to go a step additional by transferring to Lanai, the island he virtually solely owns after spending $300 million again in 2012.
Essentially the most high-profile transfer: Donald Trump, who went from being the richest D.C. resident (and its solely billionaire) to certainly one of greater than 5 dozen billionaires within the Sunshine State—and much from the wealthiest there.

Greater than half of America’s 724 billionaires stay in simply 4 states: California (173 billionaire residents, together with some non-U.S. residents), New York (118), Florida (68) and Texas (64). However the ultra-wealthy are in all places. Forbes discovered at the very least one billionaire in 43 states. Solely seven states—Alabama, Alaska, Delaware, New Hampshire, North Dakota, Vermont and West Virginia—don’t have any recognized billionaire residents. New Mexico picked up a billionaire for the primary time  in  newcomer Ron Corio, a photo voltaic entrepreneur. West Virginia, in the meantime, misplaced its solely billionaire, the state’s governor Jim Justice , after his web value tumbled beneath $1 billion.
Right here is the richest billionaire in each U.S. state; web worths are as of March 5, 2021.

CITY: TEMPE
NET WORTH: $15.9 BILLION
RANK: 121
SOURCE OF WEALTH: USED CARS
Garcia is the most important shareholder in on-line used-car and auto mortgage platform Carvana. His son, Ernest Garcia III (additionally a billionaire), based the corporate. The Garcias took it public in 2017.

CITY: BENTONVILLE
NET WORTH: $60.02 BILLION
RANK: 18
SOURCE OF WEALTH: WALMART
The Walmart inheritor is the youngest son of firm founder Sam Walton. He sat on the retail large’s board for greater than a decade earlier than yielding his seat in 2016 to his son, Steuart.

CITY: PALO ALTO
NET WORTH: $97 billion
RANK: 5
SOURCE OF WEALTH: FACEBOOK
Final 12 months Larry Ellison, the founding father of software program agency Oracle, was California’s richest resident. Now Zuckerberg is wealthier than Ellison—and Ellison has moved to Hawaii.  Shares of Fb soared 80% previously 12 months, pushing Zuckerberg’s fortune up by $42.three billion previously 12 months.

Fb founder Mark Zuckerberg throughout a go to to Capitol Hill in Washington, D.C.
by Samuel Corum, Getty Photos

CITY: DENVER
NET WORTH: $10.1 BILLION
RANK: 225
SOURCE OF WEALTH: INVESTMENTS
Anschutz bought his begin in enterprise promoting Kool Assist on the age of six, however since branched out into oil, railroads, telecom, actual property and leisure. He additionally owns the NHL’s Los Angeles Kings and holds main stakes within the NBA’s Los Angeles Lakers and their residence courtroom, the Staples Middle.

CITY: GREENWICH
NET WORTH: $20.three BILLION
RANK: 88
SOURCE OF WEALTH: HEDGE FUNDS
Dalio’s Bridgewater Associates has lengthy been often known as the world’s largest hedge fund. 2020 was not the agency’s finest 12 months; it reportedly laid off dozens of staff partially resulting from funding losses.

CITY: PALM BEACH
NET WORTH: $25 BILLION
RANK: 65
SOURCE OF WEALTH: DISCOUNT BROKERAGE
The digital buying and selling pioneer, a descendant of Hungarian aristocrats, first arrived within the U.S. as a penniless immigrant in 1965 on the age of 21. He based Interactive Brokers in 1993 and served as CEO till 2019.

CITY: ATLANTA
NET WORTH: $9.four BILLION
RANK: 247
SOURCE OF WEALTH: MEDIA, AUTOMOTIVE
Kennedy chairs his household’s privately-held media and automotive agency Cox Enterprises and served as its CEO for a decade within the 1980s and 90s. Possession of the corporate is break up between him, his sister (additionally a billionaire) and his cousins (additionally billionaires).

CITY: LANAI
NET WORTH: $93 BILLION 
RANK: 7
SOURCE OF WEALTH: SOFTWARE
The Oracle founder, chairman and chief expertise officer spent practically 4 many years as CEO earlier than stepping again in 2014. As of late he serves on the board of Tesla and lives on his Hawaiian island, which boasts a hydroponic farm and luxurious spa.

Oracle billionaire Larry Ellison.
by Jamel Toppin for Forbes

CITY: IDAHO FALLS
NET WORTH: $three.four BILLION
RANK: 890
SOURCE OF WEALTH: NUTRITION, WELLNESS PRODUCTS
The multi-level advertising and marketing magnate, who was born right into a poor farming household, based and runs Melaleuca, which makes and distributes over 400 merchandise, starting from well being dietary supplements to eco-friendly family cleaners. VanderSloot is a prolific Republican donor.

CITY: CHICAGO
NET WORTH: $16 BILLION
RANK: 119
SOURCE OF WEALTH: HEDGE FUNDS
Regardless of shelling out $800 million lately for properties in London, New York and Palm Seaside, Chicago continues to be Griffin’s residence base. It’s there that he runs Citadel, a hedge fund he based with about $34 billion in belongings.

CITY: BLOOMINGTON
NET WORTH: $10.5 BILLION
RANK: 213
SOURCE OF WEALTH: MEDICAL DEVICES
Prepare dinner runs the medical system firm Prepare dinner Group, which was began by his dad and mom from their Bloomington residence in 1963. He took over as CEO when his father died in 2011.

CITY: ADEL
NET WORTH: $5.four BILLION
RANK: 520
SOURCE OF WEALTH: AGRICULTURE
The seed billionaire continues to reside in Iowa, the place he grew up because the son of a farmer and commenced serving to out with the household enterprise at age 5. He’s given to a number of establishments in his residence state, together with McPherson School, Drake College and Spurgeon Manor.

CITY: WICHITA
NET WORTH: $46.four BILLION
RANK: 27
SOURCE OF WEALTH: KOCH INDUSTRIES
The native Kansan has a 42% stake within the $115 billion (gross sales) Koch Industries conglomerate that his father based in 1940. Its companies vary from oil refining to Stainmaster carpet and Dixie cups. 

CITY: LEXINGTON
NET WORTH: $5.6 BILLION
RANK: 495
SOURCE OF WEALTH: SELF STORAGE
The daughter of self-storage and horse racing magnate B. Wayne Hughes, Gustavson is Public Storage’s largest shareholder, with an 11% stake. She resides at her household’s Spendthrift Farm, residence to stallion Cloud Computing, the 2017 Preakness champion.

CITY: NEW ORLEANS
NET WORTH: $three.four BILLION
RANK: 890
SOURCE OF WEALTH: PRO SPORTS TEAMS
Benson is the proprietor of the NFL’s New Orleans Saints and NBA’s New Orleans Pelicans. She inherited management after her husband Tom Benson’s dying in 2018, regardless of authorized challenges mounted by his daughter and grandchildren. 

Gayle Benson owns the NFL’s New Orleans Saints and the NBA’s New Orleans Pelicans.
by Sean Gardner, Getty Photos

CITY: SCARBOROUGH
NET WORTH: $2.three billion
RANK: 1,360
SOURCE OF WEALTH: SHOES
Alfond and her three siblings inherited a fortune constructed by their father, who offered Dexter Shoe Firm to Warren Buffett in 1993 for $420 million value of fast-growing Berkshire Hathaway inventory.

CITY: POTOMAC
NET WORTH: $6.2 BILLION
RANK: 432
SOURCE OF WEALTH: MANUFACTURING, INVESTMENTS
Rales is chairman of commercial agency Danaher and sits on the board of Fortive Corp., a Danaher spinoff overseeing industrial applied sciences, measurement and petroleum. In 2020, Danaher acquired GE’s biopharma enterprise for $21.four billion in money.

CITY: MILTON
NET WORTH: $20.09 BILLION
RANK: 85
SOURCE OF WEALTH: MONEY MANAGEMENT
Johnson is CEO and chairman of mutual fund behemoth Constancy Investments. The Boston-based firm was based by her grandfather in 1946; Johnson took over from her father in 2014.

Constancy Investments CEO and chairman Abigail Johnson.
by Constancy

CITY: FRANKLIN
NET WORTH: $51.9 BILLION
RANK: 23
SOURCE OF WEALTH: QUICKEN LOANS
Gilbert cofounded what would grow to be Quicken Loans—the nation’s largest mortgage supplier, now referred to as Rocket Corporations—in 1985 when he was simply 22. He took Rocket Corporations public in August 2020. He’s additionally the bulk proprietor of the Cleveland Cavaliers NBA crew and the cofounder of streetwear reseller StockX.

CITY: MANKATO
NET WORTH: $2.9 BILLION
RANK: 1,061
SOURCE OF WEALTH: PRINTING
The chairman of printing agency Taylor Corp. holds stakes within the NBA’s Timberwolves, the WNBA’s Lynx and the United FC soccer crew. He additionally owns the Minneapolis Star Tribune newspaper and farmland in each Minnesota and Iowa.

CITY: HATTIESBURG
NET WORTH: $1.four BILLION EACH
RANK: 2,141
SOURCE OF WEALTH: TIRES, DIVERSIFIED
The Duff brothers began Duff Capital Investments in 2007, a holding firm with complete income of greater than $2.6 billion. Their father began Southern Tire Mart in 1973 and offered the tire vendor in 1998; the brothers purchased it again in 2003. 

CITY: ST. LOUIS
NET WORTH: $6.four BILLION
RANK: 418
SOURCE OF WEALTH: CARGILL
MacMillan Keinath is believed to be the most important shareholder of Cargill, the world’s greatest meals firm, with an estimated 13% stake. Her great-grandfather began Cargill in 1865 with a single grain mill.

CITY: MISSOULA
NET WORTH: $6.four BILLION
RANK: 418
SOURCE OF WEALTH: CONSTRUCTION, MINING
The copper, diamond and railroad tycoon holds his enterprise pursuits below the Washington Corporations umbrella. Washington and his spouse, Phyllis, have given greater than $840 million to their philanthropic basis, which focuses on at-risk youth, together with different socially-disadvantaged individuals.

CITY: OMAHA
NET WORTH: $96 BILLION
RANK: 6
SOURCE OF WEALTH: BERKSHIRE HATHAWAY
The “Oracle of Omaha” famously nonetheless lives within the metropolis, in the home he bought in 1958 for $31,500. (That’s a bit of over $286,000 in at the moment’s when adjusting for inflation.) 

CITY: LAS VEGAS
NET WORTH: $38.2 BILLION
RANK: 36
SOURCE OF WEALTH: CASINOS
Miriam Adelson is the widow of on line casino magnate Sheldon Adelson. He died in January 2021 at age 87 and left her his controlling stakes within the Las Vegas Sands on line casino empire and the Las Vegas Assessment-Journal newspaper. 

CITY: SADDLE RIVER
NET WORTH: $7.2 BILLION
RANK: 352
SOURCE OF WEALTH: TELECOM
Commisso is the founder and CEO of cable firm Mediacom. He immigrated to the U.S. from Italy in 1962, at age 12, and began his profession as an accordion participant, performing throughout movie show intermissions. 

CITY: ALBUQUERQUE
NET WORTH: $1.1 BILLION
RANK: 2,524
SOURCE OF WEALTH: SOLAR
Corio based photo voltaic agency Array Applied sciences in 1989. The Albuquerque-based firm makes a speciality of manufacturing photo voltaic trackers, the mechanical arms that angle photo voltaic panels towards the solar. Array raised over $1 billion in its October 2020 IPO. He’s New Mexico’s first billionaire.

CITY: NEW YORK
NET WORTH: $59 BILLION
RANK: 20
SOURCE OF WEALTH: BLOOMBERG LP
The previous New York Metropolis mayor spent greater than $1 billion of his fortune on his failed 2020 presidential bid, then sunk lots of of tens of millions into defeating Donald Trump’s reelection.

Former New York Metropolis mayor and presidential candidate Michael Bloomberg.
by Joe Raedle, Getty Photos

CITY: CARY
NET WORTH: $6.5 BILLION
RANK: 404
SOURCE OF WEALTH: SOFTWARE
Goodnight runs analytics software program agency SAS, a task he’s held because the firm’s 1976 founding. He began the corporate with John Sall after the 2 met at North Carolina State College. The 2 billionaires based a personal college and in addition co-own a rustic membership and resort.

CITY: NEW ALBANY
NET WORTH: $6.1 billion
RANK: 440
SOURCE OF WEALTH: RETAIL
As soon as referred to as the “Merlin of the mall” for his success with Victoria’s Secret, The Restricted and Tub & Physique Works, Wexner got here below scrutiny resulting from his ties to alleged intercourse trafficker Jeffrey Epstein. (Wexner stated he had no data of Epstein’s alleged crimes and in addition claimed the financier misappropriated tens of millions of his fortune.) Wexner stepped down as CEO of guardian firm L Manufacturers in 2020 and won’t stand for re-election to the board in Could 2021.

Former L Manufacturers CEO Les Wexner.
Stephen Webster for Forbes

CITY: OKLAHOMA CITY
NET WORTH: $10.eight BILLION
RANK: 205
SOURCE OF WEALTH: RETAIL & GAS STATIONS
The couple owns comfort retailer chain Love’s Journey Stops and Nation Shops. It grew from one gasoline station in Oklahoma to 490 places in 41 states, with estimated annual revenues of $20.6 billion. Tom, Judy and three of their youngsters all work on the firm.

CITY: HILLSBORO
NET WORTH: $49.9 BILLION
RANK: 25
SOURCE OF WEALTH: NIKE
The Nike founder ran monitor on the College of Oregon earlier than beginning the athletic attire colossus in 1964. Knight has since pledged over $500 million of his fortune to each his alma mater and Stanford College’s Faculty of Enterprise. 

CITY: HAVERFORD
NET WORTH: $12 BILLION
RANK: 25
SOURCE OF WEALTH: TRADING, INVESTMENTS
Yass grew up in Queens, New York, earlier than attending SUNY Binghamton.  In 1987 he and a handful of companions cofounded Pennsylvania-based quantitative buying and selling and market making agency Susquehanna Worldwide Group. He’s new to the billionaires record this 12 months.

CITY: PROVIDENCE
NET WORTH: $2 BILLION
RANK: 1,578
SOURCE OF WEALTH: PRIVATE EQUITY
Nelson is CEO of Windfall Fairness Companions, the personal fairness agency he based in 1989. Whereas in faculty Nelson deejayed a jazz radio present; lately he’s on the board of the Newport Pageant Basis, which places on the realm’s jazz and people festivals. 

CITY: CHARLESTON
NET WORTH: $1.9 BILLION
RANK: 1,664
SOURCE OF WEALTH: CHEMICALS
Zucker is the CEO of InterTech, a personal and family-owned chemical substances producer with $three billion in estimated revenues. Her late husband Jerry Zucker based the corporate in 1982.

CITY: SIOUX FALLS
NET WORTH: $2.eight BILLION
RANK: 1,110
SOURCE OF WEALTH: BANKING, CREDIT CARDS
Sanford owns First Premier Financial institution, which makes a speciality of bank cards for high-risk debtors. It’s based mostly in Sioux Falls and has solely 17 places, however is without doubt one of the largest issuers of Mastercard.  

CITY: NASHVILLE
NET WORTH: $15.6 BILLION
RANK: 126
SOURCE OF WEALTH: HOSPITALS
Frist, a former Air Pressure surgeon, cofounded Hospital Corp. of America  together with his father in 1968. Frist doesn’t maintain a place throughout the firm, however two of his sons have board seats. 

CITY: AUSTIN
NET WORTH: $151 BILLION
RANK: 2
SOURCE OF WEALTH: TESLA, SPACEX
The native South African relocated from California to Texas in December 2020.  Musk is reportedly making an attempt to construct a Texan city of his personal referred to as “Starbase” as a part of his imaginative and prescient for house journey to Mars. 

CITY: PARK CITY
NET WORTH: $2.5 BILLION
RANK: 1,247
SOURCE OF WEALTH: CYBERSECURITY
Prince hit billionaire standing in Could 2020, when inventory in his infrastructure and safety firm Cloudflare reached report highs. The corporate got here below hearth earlier than its 2019 IPO for offering providers to infamous on-line discussion board 8chan, however Cloudfare reduce the discussion board off after the August 2019 El Paso, Texas mass capturing.

CITY: THE PLAINS
NET WORTH: $31.three BILLION
RANK: 48
SOURCE OF WEALTH: CANDY, PET FOOD
The Virginian owns an estimated one-third of Mars  sweet and pet meals firm, which was based by her grandfather in 1911. The confections purveyor stays in household palms; her brothers John can be a billionaire, as are the 4 daughters of their late brothers Forrest Jr. (d. 2016).

CITY: SEATTLE
NET WORTH: $177 BILLION
RANK: 1
SOURCE OF WEALTH: AMAZON
The world’s wealthiest particular person nonetheless resides within the birthplace of e-commerce titan Amazon, which he based in a storage in 1994. He additionally owns The Washington Put up and house exploration firm Blue Origin.

CITY: EAU CLAIRE
NET WORTH: $14.2 BILLION
RANK: 145
SOURCE OF WEALTH: HOME IMPROVEMENT STORES
Menard’s 300 residence enchancment shops generate an estimated $10.7 billion in income.  He began his first building enterprise in 1958—a full 20 years earlier than the primary Dwelling Depot opened.

CITY: JACKSON
NET WORTH: $31.three BILLION
RANK: 48
SOURCE OF WEALTH: CANDY, PET FOOD
John Mars is an inheritor to Mars sweet and pet meals fortune. His sister, Jacqueline, is the richest particular person in Virginia. 

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