Wednesday 29 April 2015

United States of Affluence: New list rates the richest people in each state for the first time

United States of Affluence: New list rates the richest people in each state for the first time

  • List was compiled by Forbes magazine and topped by Bill Gates, who lives in Meridan, Washington
  • Gates is worth almost $80 billion a year
  • The poorest rich person in America was money manager Robert Hilliam of Alaska, worth $320 million annually 
  • Only 10 on the list were women, and only 10 were heirs to their fortunes 
From tires in Arizona to retail stores in Wisconsin, the vast wealth of America comes from all different avenues.
But for the first time, the richest person in each state has been listed as part of a new 'road map to wealth' by Forbes magazine.
While many were obvious - Bill Gates, of course, who lives in Washington and has a net worth of $78.8 billion, and Oracle founder Larry Ellison in California,  who earns $52.8 billion a year - some states were harder.
A team of reporters were sent to discover the fattest wallets in areas not typically known for high-flyers.
Alabama, North Dakota, Delaware, New Mexico, Vermont and Alaska were the only states to lack billion dollar fortunes.
The magazine also noted that only 10 of the 50 are women, lead by Wal-Mart heiress and the world's richest woman, Christy Walton, whose fortune tops at almost $40 billion.
Richest person in each state: Seen here at the top 10 richest people in America by state. Bill Gates, who lives in Meridan, Washington, obviously took the top spot, while Jacqueline Mars, the 73-year-old heiress to the Mars candy company fortune, came in at number 10. Other familiar faces were the Walton family and the 'Oracle of Omaha' Warren Buffett, whose net worth is a whopping $70.2 billion
Also, only 10 are of the 50 are heirs to their fortunes.
That means the remaining 40 have created their own wealth, or earned by buying companies and expanding them.
'To compile this list, we not only tracked down easier-to-value public assets, but we dug up valuations of more difficult-to-assess private ones—oil wells in New Mexico, coal mines in Alabama, properties on the Vegas strip,' Forbes reporter Abram Brown noted.
The poorest rich person was established as Robert Hilliam of Alaska.
Hilliam's $320 million fortune was made through money management.  
Wealthiest: Washington state's Bill Gates (left) took out the top spot with $78.8 billion, followed by Warren Buffet (center), of Nebraska, with $70.2 billion and California's Larry Ellison (right), who brings in $52.8 billion a year
Family values: David Koch (left), of New York, and Charles Koch (center), of Kansas, are each worth $42.7 billion, while Wal-Mart heiress Alice Walton (right) is the wealthiest of her state of Texas, with $36.4 billion

ROAD MAP TO AMERICA'S WEALTH: THE RICHEST PEOPLE IN EACH OF THE 50 STATES 

Alabama - Garry Drummond - Net worth = $980 million
Alaska - Robert Hilliam - Net worth = $320 million
Arizona - Bruce Halle - Net worth = $6 billion
Arkansas - Jim Walton - Net worth = $37.6 billion
California - Larry Ellison - Net worth = $52.8 billion
Colorado - Charles Ergen - Net worth = $18.2 billion
Connecticut - Ray Dalio - Net worth = $15.4 billion
First lady of Georgia: Media empress Anne Cox Chambers, 95, has a net worth of $17 billion thanks to Cox Enterprises 
First lady of Georgia: Media empress Anne Cox Chambers, 95, has a net worth of $17 billion thanks to Cox Enterprises 
Delaware - Elizabeth Snyder - Net worth = $675 million
Florida - Micky Arison - Net worth = $7.4 billion
Georgia - Anne Cox Chambers - Net worth = $17 billion
Hawaii - Pierre Omidyar - Net worth = $8.1 billion
Idaho - Scott Simplot - Net worth = $2.3 billion
Illinois - Ken Griffin - Net worth = $6.6 billion
Indiana - Carl Cook - Net worth = $6.7 billion
Iowa - Harry Stine - Net worth = $3.4 billion
Kansas - Charles Koch - Net worth = $42.7 billion
Kentucky - B. Wayne Hughes - Net worth = $2.5 billion
Louisiana - Tom Benson - Net worth = $1.9 billion
Maine - Bill Alfond - Net worth = $1.2 billion
Maryland - Ted Lerner - Net worth = $5 billion
Massachusetts - Abigail Johnson - Net worth = $13.4 billion
Michigan - Hank and Doug Meijer - Net worth = $10.1 billion
Minnesota - Whitney MacMillan - Net worth = $4.7 billion
Mississippi - Leslie Lampton - Net worth = $1 billion
Missouri - Jack Taylor - Net worth = $12.7 billion
Montana - Dennis Washington - Net worth = $5.8 billion
Nebraska - Warren Biffett - Net worth = $70.2 billion
Nevada - Sheldon Adelson - Net worth = $29.7 billion
New Hampshire - Andrea Reimann-Ciardelli - Net worth = $1 billion
New Jersey - David Tepper - Net worth = $10.4 billion
New Mexico - Mark C. Chase - Net worth = $650 million
New York - David Koch - Net worth = $42.7 billion
North Carolina - James Goodnight - Net worth = $7.5 billion
North Dakota - Gary Tharaldson - Net worth = $930 million
Ohio - Leslie Wexner - Net worth = $7.5 billion
Oklahoma - Harold Hamm - Net worth = $13.3 billion
Oregon - Phil Knight - Net worth = $22.9 billion
Pennsylvania - Mary Alice Dorrance Malone - Net worth = $3.2 billion
Rhode Island - Jonathan Nelson - Net worth = $2.1 billion
South Carolina - Anita Zucker - Net worth = $2.2 billion
South Dakota - T. Denny Sanford - Net worth = $1.4 billion
Tennessee - Thomas Frist, Jr. - Net worth = $8.2 billion
Texas - Alice Walton - Net worth = $36.4 billion
Utah - Jon Huntsman - Net worth = $1.1 billion
Vermont - John Abele - Net worth = $600 million
Virginia - Jacqueline Mars - Net worth = $26.8 billion
Washington - Bill Gates - Net worth = $78.8 billion
West Virginia - Jim Justice, II - Net worth = $1.7 billion
Wisconsin - John Menard, Jr. - Net worth = $9.1 billion
Wyoming - Christy Walton - Net worth = $39.1 billion
source: Forbes 

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