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The United States’ Richest People, State-By-State

Image Source: Frederic Legrand - COMEO / Shutterstock

Alice Walton is an heiress of Sam Walton, the founder of the Walmart superstore chain, and has a net worth of $66.9 billion. Walton, one of three siblings, has a keen interest in art and established the Crystal Bridges of American Art museum in her hometown of Newport, Arkansas, which features works by artists such as Andy Warhol, Mark Rothko, and Norman Rockwell.

Susan Alfond

Maine

Susan Alfond inherited her wealth from her father’s business and has a net worth of $2.6 billion. She and her remaining sibling cashed out in 1993 by selling the Dexter Shoe Company to Berkshire Hathaway for $420 million in stock. Alfond’s shares are now worth billions in today’s market.

Daniel Gilbert

Michigan

Daniel Gilbert made a fortune with Quicken Loans, which he founded in 1985 at the age of 22. It grew to become the largest mortgage lender in the U.S. He has also made significant real estate investments in downtown Detroit, owning the Cleveland Cavaliers basketball team and planning to bring a professional soccer team to Detroit, with a vision of creating 24,000 jobs.

Mack C. Chase

New Mexico

Mack Chase is the wealthiest resident in New Mexico, with a net worth of $700 million. He made his fortune in the oil and gas industry, starting out by working on wells with his father and brother before branching out on his own in 1968 to found Marbob Energy and subsequently, Mack Energy Corp.

John Overdeck

New Jersey

John Overdeck, a hedge fund manager and co-founder of Two Sigma Investments, manages $66 billion. He is also New Jersey’s wealthiest resident, with a net worth of $6.5 billion. Overdeck is known for his philanthropy and has donated $195 million to his foundation.

Jacqueline Mars

Virginia

Jacqueline Mars, who owns one-third of the Mars candy empire, is known for her philanthropy and has served on the board of the world’s largest candy maker. During the 2020 pandemic, Mars’ net worth increased to $31.3 billion.

Frank VanderSloot

Idaho

Frank VanderSloot, the richest person in Idaho, has a net worth of $2.7 billion. He is the founder and CEO of wellness and nutrition company Melaleuca, Inc., with various other financial interests including ranching, owning the Riverbend Communications radio network, and political financing. He serves on the board of directors of the U.S. Chamber of Commerce and owns Riverbend Ranch, one of the nation’s largest cattle operations.

Harry Stine

Iowa

The wealthiest man in Iowa, Harry Stine, is a seed manufacturer specializing in corn and soybean seed licensing. With a net worth of $5.5 billion, he has built a significant agricultural business selling seed genetics to large multinational agricultural corporations.

Mark Zuckerberg

California

Mark Zuckerberg, the Silicon Valley Facebook co-founder, is one of the 188 billionaires residing in California, earning $6 to $12 million per day.

Mark Zuckerberg, the founder of Facebook, earns about $3 billion annually and has a net worth of $96.9 billion. He has committed to giving the majority of his wealth to charity through “The Giving Pledge,” which is sponsored by Bill and Melinda Gates.

John Menard, Jr.

Wisconsin

John Menard, Jr., who started a construction business in 1958, now has a net worth of $14 billion. He established a chain of home improvement stores called Menards, which has grown to 300 stores and $10.7 billion in sales.

Menard’s home improvement stores predate Home Depot by 20 years. He is also known for being an Indy 500 sponsor, and his son is a former NASCAR racer.

Warren Buffett

Nebraska

Warren Buffett, the CEO of Berkshire Hathaway, is the 7th wealthiest person in the world with a net worth of $109.4 billion. He began his career running a hedge fund and later ventured into bank ownership once he made his first million.

Berkshire Hathaway, the company Buffett leads, owns various successful businesses including Geico, Duracell, and Dairy Queen. Known for his frugality, he still resides in the 1958 home he purchased for $31,500. Buffett is also a member of the Gates foundation’s giving pledge and has committed to donating 99% of his wealth.

Philip Anschutz

Colorado

Philip Anschutz, a businessman with a net worth of $10.1 billion, has amassed his wealth over five decades from a diverse range of industries. In entertainment, he owns Anschutz Entertainment Group with 100 venues worldwide.

Anschutz’s business portfolio also includes ownership of the N.H.L.’s Los Angeles Kings and a third of the L.A. Lakers, as well as a 300,000-acre windmill farm in Wyoming. He has also been successful in telecom, railroads, oil, and real estate.

Miriam Adelson

Nevada

Following the passing of casino tycoon Sheldon Adelson, the wealthiest person in Nevada is now his wife and heir, Miriam Adelson. They have four children and 11 grandchildren. Adelson amassed her wealth running half of the Sands Hotel & Casino gambling empire with casinos in Vegas, Singapore, and Macao, China, resulting in a net worth of $38.2 billion.

Adelson’s husband was the C.E.O. of the $14 billion in sales gambling behemoth. After his passing, she inherited his wealth.

Glen Taylor

Minnesota

Glen Taylor, a billionaire, turned a wedding services business into a $2 billion annual sales printing firm. He was the C.E.O. of Taylor Corp. until 2015 and remains chairman of the board. He also holds farmland in Minnesota and Iowa and has a stake in the N.B.A.’s Timberwolves. Additionally, he purchased the Minneapolis Star Tribune in 2014, resulting in a net worth of $2.9 billion.

Ray Dalio

Connecticut

Ray Dalio, the richest person in Connecticut, has a net worth of $20.3 billion, which he acquired by founding Bridgewater Associates, the largest hedge fund company in the nation. The fund currently manages $150 billion in assets.

Having launched Bridgewater from his New York City apartment after graduating from Harvard Business School, Dalio has donated hundreds of millions of dollars to charity through his personal philanthropic foundation, primarily to support inner-city education.

Phil Knight

Oregon

Phil Knight, the co-founder and former C.E.O. of Nike, invested $500 into the tennis shoe company in 1964. Today, Nike brings in over $37 billion in annual revenue. Knight, known for his generosity, has donated approximately $2 billion and has a net worth of about $49.7 billion.

John Mars

Wyoming

John Mars, the third heir of the Mars candy empire, has a net worth of $31.8 billion that he inherited from Mars, Inc. when his father passed away in 1999. The company, which began in 1911, produces well-known candies such as Mars Bar, Twix, 3 Musketeers, and M&Ms, with 400 million M&Ms candies produced in the U.S. each day.

Michael Bloomberg

New York

Michael Bloomberg, the wealthiest person in New York with a net worth of $59 billion, has made his fortune through his financial information and media company, Bloomberg LP. He has also been actively involved in philanthropy, including significant donations to charitable causes and organizations.

Richard (Rich) co-founded Bloomberg LP, a financial information and media company, in 1981. He owns 88% of the $10 billion company. He was a presidential candidate in 2019 and served as the mayor of N.Y.C. for 12 years. His philanthropic work has contributed more than $5 billion to various causes.

Jimmy Rane made his fortune in the lumber industry. He is C.E.O. of Alabama’s Great Southern Wood Preserving, a company he founded in 1970. He is widely known as The Yella Fella, a cowboy persona he developed for marketing. As one of the nation’s biggest lumber companies, Rane holds about $950 million in net worth, just shy of the billionaire category.

Les Wexner is the founder of L Brands, a once-trendy conglomerate of global fashion brands like Bath & Body Works, Victoria’s Secret, and Abercrombie & Fitch. He launched his women’s clothing empire with The Limited and then purchased the remaining companies. He acquired Victoria’s Secret as a floundering San Francisco lingerie shop for $1 million. Ten years later it was worth $1 billion. In 2020, responding to a downturn in the popularity of his brands, Wexner stepped down from his five-decade position as C.E.O. and sold Victoria’s Secret to a private equity firm. He retains a $6.6 billion net worth.

Thomas First, Jr. is easily the wealthiest person in Tennessee with a net worth of $17.6 billion. In 1968, he co-founded Hospital Corp. of America with his father. The former Air Force flight surgeon took the company public in 2011 and it became HCA Healthcare, a massive healthcare company with 185 hospitals and 1,800 patient care offices. It operates in 21 U.S. states and in London.

Jonathan Nelson served as C.E.O. of Providence Equity Partners until January 2021 and is currently executive chairman of the firm. Since founding the company in 1989, Nelson led investments into at least 160 companies. Primarily, businesses in media, communications, education, and informational industries. The equity firm cashed in $1.3 billion by selling its stake in an automotive software company called OEConnection, tripling its original 2016 investment. Nelson holds a $2.1 billion net worth.

Dennis Washington has a net worth of $6.1 billion. He owns the majority interest in The Washington Companies, a diversified business group with a large stake in mining. Washington Companies owns a stake in two diamond mines, a copper mine, and a regional railroad. Washington, himself, is also invested in Seaspan Corp., a container ship company co-founded by his son Kyle, that operates more than 110 container ships.

John Abele is the director and co-founder of Boston Scientific. He is Vermont’s wealthiest citizen with $640 million in net worth. Abele took his medical device company public in 1992 and by 1996 he made the Forbes 400 list as a billionaire. His company developed devices to provide less invasive treatments for patients. It has $9.8 billion in sales, but Abele now owns only a small stake. John is also a philanthropist and has donated much of his fortune to causes.

Medical device manufacturer Carl Cook inherited Cook Group from his parents who launched the medical supplies company in 1963. It specializes in devices for minor surgeries like stents and filters. Carl Cook is president of Cook MyoSite, a life sciences division that is developing cell therapy treatment for incontinence. He has a $9.6 billion net worth. In 2017, the company cashed out and sold subsidiary Cook Pharmica for $950 million.

Anita Zucker has a net worth of $1.9 billion making her South Carolina’s richest. Her late husband, Jerry Zucker, an immigrant from Israel, was an inventor who founded InterTech Group, a privately-owned chemicals manufacturer. It has $3 billion in revenue. Additionally, an aerospace engineering firm and a large commercial real estate firm are under the InterTech umbrella. Anita Zucker is C.E.O. of the enterprise. She is also known for her philanthropy.

Image Source: Frederic Legrand – COMEO / Shutterstock

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