The Wealthiest Person in Each State
By: SUSANNA KIM
Updated: October 24, 2012
Wealth managers and other businesses may want to take heed. Wealth-X, an information research firm of ultra high-net worth individuals worth over $30 million, has compiled a list of the richest person in each state.
Infographic: Richest Person in Each State
The ultra high-net worth population is spread throughout the country, often living close to the companies they founded.
Bill Gates, the country's wealthiest individual and the world's most generous, still resides in the state of Washington, home of Microsoft.
The majority in Wealth-X's list are men and in business. The oldest person is Anne Cox Chambers, 92, the daughter of James Cox who founded Cox Enterprises. She has a a net worth of $11.2 billion.
David Friedman, president of Wealth-X, said the list of the wealthiest individuals in the U.S. shifts frequently, as economic and business conditions can change net worth drastically.
"Instead of a top down approach, we do a bottom-up report," Friedman said, researching the "granularity" of each person in the list, which can "reinvent the way the ultra-wealthy donate and invest."
Here's a list of the richest person in each state, as compiled by Wealth-X.
Washington
| Bill Gates: $64.5 billion |
Microsoft chairman, co-chair of Bill and Melinda Gates Foundation
Nebraska
| Warren Buffett: $49.6 billion |
Chairman and CEO of Berkshire Hathaway
California
| Lawrence Ellison: $41.1 billion |
CEO of Oracle Corp.
Arkansas
| James Walton: $33.6 billion |
Chairman of Arvest Bank, son of Walmart founder, Sam Walton
Kansas
| David Koch: $32.1 billion |
Vice-chairman of Koch Industries
New York
| Michael Bloomberg: $24.8 billion |
New York City Mayor and owner of Bloomberg LP
Nevada
| Sheldon Adelson: $20.2 billion |
Chairman and CEO of Las Vegas Sands
Virginia
| Forrest Mars, Jr.: $17 billion |
Part-owner of Mars candy company and grandson of the late Frank C. Mars
Texas
| Michael Dell: $14 billion |
CEO of Dell Inc.
Oregon
| Philip Knight: $13 billion |
Chairman of Nike Inc.
Massachusetts
| Abigail Johnson: $11.9 billion |
President, Fidelity Financial Services
Georgia
| Anne Cox Chambers: $11.2 billion |
Member of Cox Enterprises' board of directors, chairwoman of Atlanta Newspapers
Connecticut
| Raymond Dalio: $10 billion |
Founder of Bridgewater Associates LP
Oklahoma
| George Kaiser: $10 billion |
Chairman of BOK Financial
Colorado
| Charles Ergen: $8.3 billion |
Founder and chairman of DISH Network
Pennsylvania
| Hansjorg Wyss: $7.7 billion |
Chairman of Swiss medical device manufacturer Synthes Holding AG
North Carolina
| James Goodnight: $7.4 billion |
CEO of SAS Institute
Wisconsin
| John Menard, Jr.: $6 billion |
Founder and owner of home-improvement retailer Menard Inc.
New Jersey
| David Tepper: $5.2 billion |
President and founder of Appaloosa Management
Michigan
| Richard DeVos Sr.: $5.1 billion |
Co-founder of Amway and owner of the Orlando Magic
Montana
| Dennis Washington: $5 billion |
Founder of The Washington Companies and co-founder of the Dennis and Phyllis Washington Foundation
Ohio
| Leslie Wexner: $4.5 billion |
Chairman and CEO of Limited Brands
Arizona
| Bruce Halle Sr.: $4 billion |
Founder of Discount Tires
Florida
| Joseph Lewis: $3.9 billion |
Founder of Tavistock Group and owner of Tottenham Hotspur soccer team in England
Illinois
| Samuel Zell: $3.9 billion |
Founder of Equity Residential
Maryland
| Theodore Lerner: $3.9 billion |
Founder of real estate firm Lerner Enterprises
Minnesota
| Pauline Keinath: $3.7 billion |
Part-owner of Cargill Inc. and great-granddaughter of founder W. W. Cargill
Indiana
| Gayle Cook: $3.4 billion |
Member of board of directors of medical device firm Cook Group
Tennessee
| Thomas Frist, Jr.: $3 billion |
Founder of HCA, the Hospital Corporation of America
Utah
| Robert Earl Holding: $2.7 billion |
Owner of Sinclair Oil
Mississippi
| Leslie Lampton Jr.: $2.4 billion |
Ergon Inc.
South Carolina
| Anita Zucker: $2.2 billion |
Chairwoman and CEO of chemical manufacturer InterTech Group
Rhode Island
| Jonathan Nelson: $1.6 billion |
CEO of Providence Equity Partners
Missouri
| Christopher Cline: $1.5 billion |
Founder of Foresight Energy
West Virginia
| James Justice II: $1.5 billion |
Owner of the coal mining Justice Companies
Alabama
| Marguerite Harbert: $1.4 billion |
Widow of the late construction and energy mogul, John Murdoch Harbert III
Louisiana
| Thomas Benson: $1.3 billion |
Owner of New Orleans Saints and New Orleans Hornets
South Dakota
| T. Denny Sanford: $1.3 billion |
Idaho
| Frank VanderSloot: $1.2 billion |
CEO of Melaleuca
Kentucky
| Bradley Wayne Hughes: $1.1 billion |
Founder of Public Storage
Iowa
| Dennis Albaugh: $1 billion |
Founder of Albaugh Inc.
North Dakota
| Gary Tharaldson: $0.9 billion |
Founder of the Tharaldson Companies
Maine
| Leon Gorman: $0.86 billion |
Chairman of L.L. Bean
Delaware
| Robert Gore: $0.83 billion |
Founder of materials and manufacturing company W.L. Gore & Associates
New Mexico
| Peyton Yates, Jr.: $0.76 billion |
President of Yates Petroleum Corp.
Alaska
| Robert Gillam: $0.69 billion |
President and CEO of McKinley Capital Management LLC
Hawaii
| Jay Shidler |
Founder of the real estate company The Shidler Group
New Hampshire
| Martin Trust: $0.6 billion |
President of Brandot International, formerly president and CEO of MAST Industries
Vermont
| Robert Stiller: $0.58 billion |
Founder of Green Mountain Coffee
Wyoming
| John Martin: $0.21 billion |
Chairman and CEO of Gilead Sciences
