The Richest Person by State

And How They Got There

Who is the richest person in every state? From sea to shining sea, the United States is full of extremely wealthy billionaires. We’ve created a list of the richest people in each state of the US, along with how they made their money, including whether they had inherited family wealth or were self-made businesspeople.

The Richest Person by State and How They Got There

<a href="https://www.titlemax.com/discovery-center/money-finance/the-richest-person-by-state/"><img src="https://www.titlemax.com/media/2017/10/richest-person-by-state-and-how-they-got-there-3.jpg" alt="The Richest Person by State and How They Got There" title="The Richest Person by State and How They Got There - TitleMax.com - Infographic"></a><br><a href="https://www.TitleMax.com" alt="TitleMax.com" title="TitleMax.com">Created by TitleMax.com</a>

Microsoft co-founder Bill Gates, whose net worth tops at 88.9 billion dollars, though Warren Buffet gives him a run for his money at 76.2 billion dollars. Luckily for us, the famous, tech-savvy guru happens to be a philanthropist, with his massive Bill & Melinda Gates Foundation having an endowment of more than 44 billion dollars. Warren Buffet has given away more than $27 billion to charities over ten years. Gates, Buffet, and Zuckerberg who has 62.4 billion dollars due mostly to his online property Facebook have a kind of wealth that’s almost unimaginable, but what about the list of billionaires in the United States that aren’t as famous?

It’s important to keep in mind that there is a huge variety of wealth in each state. Leonard Hyde ties with Jonathan Rubini for the richest person in Alaska. But their wealth is only at 340 million dollars. That’s about 2.6 percent of the net worth of Bill Gates. Remembering that the richest person per state may have anywhere between a few hundred million to almost a trillion dollars, one realizes that the distribution of wealth in this country is a bit strange.

Out of our list of US billionaires by state there’s a quite a few you may have never heard of.

Sheldon Adelson of Nevada, for instance, is certainly less famous than the son of the founder of Wall-Mart, Jim Walton, even though their net worth is roughly the same amount at 35.6 billion and 38.5 billion respectively. But one’s family is subject to numerous conspiracy theories, and the other was the largest donor of any party in the recent 2016 presidential campaign. Have fun figuring out which is which!

Often the richest person in every state is associated with a famous company, like Mary Alice Dorrance Malone Pennsylvania, who is a board member of Campbell Soup Company, or their name itself has become commonly known, like Michael Bloomberg New York, who owns Bloomberg LP and also served as mayor of New York City. Then, there are people like Ken Griffin Illinois and Ray Dalio Connecticut who fly under the radar because they’ve made most of their money with hedge funds or lesser-known companies. Important companies like Stine Seed, owned by Harry Stine, touch almost every part of American life without most Americans knowing about it, as it’s the largest independent seed company in the US and vital to both agriculture and the food industry.

If it’s not already clear, the richest person in each state might go completely unknown by the people of their state, either because they don’t rank among the richest people in the United States or the world. Many of the richest people in the United States are not the richest person by state, as they live in states like California where much of the wealth of the country congregates. Birds of a feather flock together, as they say.

Nevertheless, after asking yourself, “Who are the richest people in the United States?” you may realize one of them lives very close by!

Like
Like Love Haha Wow Sad Angry
1
  • * Maximum loan amount in Illinois is $4,000. Maximum loan amount in Mississippi is $2,500. Maximum loan amount in Tennessee is $6,500, assuming customer qualifies and accepts both the Pledge and Line of Credit. Minimum loan amount in California is $2,600.
  • ** Car title loans may require a credit check in California. Motorcycle title loan and pawn approval requires satisfaction of all loan eligibility requirements including a vehicle evaluation and a credit check.
  • *** To be approved for a title loan or pawn, you must be at least 18 years of age (19 in Alabama). Account approval subject to vehicle inspection, appraisal, and, if applicable, a credit check.
  • † Proof of income is required in Illinois, Nevada, some Texas locations, and California. In California you are also required to provide proof of residency, and a valid vehicle registration to obtain a loan.
  • ‡ Signature and personal loans are offered by an affiliate of TitleMax® and are currently only available in Florida. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.
  • § Refinancing of a competitor’s title loan is not available in Mississippi or Virginia. In Illinois, you are required to have reduced your original principal balance by 20% before refinancing. TitleMax®, TitleBucks®, and InstaLoan®, are not considered competitors. Please see a store associate for details.
  • - TitleMax of Virginia, Inc. d/b/a TitleMax® is licensed by the Virginia State Corporation Commission, license number VTL-11.
  • - In Texas, TitleMax® acts as a Credit Services Organization to assist customers in obtaining a loan through an unaffiliated third party lender. Please see store associate for details. Please see Texas Schedule of All Fees.
  • - In GA, TitleMax® offers Title Pawns.
  • - In CA, Loans are made by TitleMax of California, Inc., California Finance Lenders Law License No. 603K014.