Net worth around $2 Billion. 6. But, folks, youre going to need some serious cash if you think youre going to set up shop in The Home to Country Music: the median income in many of Tennessees richest places is north of $100,000/year. Real Estate. By using this site, you agree to its use of cookies. 2015-2023 Chasing Chains, LLC. 1. Forbes estimates Tennessee's governor, Bill Haslam, is worth $2.5 billion, making him the richest of any governor or national politician in the country. Thats more than 10% of households in the US. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. FRANKLIN, TN Williamson County is once again the wealthiest county in Tennessee and among the wealthiest in the nation, according to data released by the United States Census Bureau. Which Island in Hawaii is the Cheapest to Live In? 1. Required fields are marked *, Copyright . Dunavant - Owner of Dunavant Enterprises, a cotton manufacturer based Chris Kolmar has been in the real estate business for almost ten years now. Resides in Nashville, TN. Morristown was ranked the poorest city in Tennessee in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nations median annual household income of $65,712. This material may not be published, broadcast, rewritten, or redistributed. #4. #4. Wow. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME How Do I Establish Residency In Tennessee? Clayton Millions of people read our articles every year and media outlets love to feature our work. Net "The super rich continue to get richer, widening the gap between them and everyone else," Forbes magazine reported last week in releasing its annual Forbes 400 list of the richest Americans. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. The 58-year-old governor, who previously was mayor of Knoxville . Martha Ingram & family. Hackney Co. based in Knoxville, TN. wealthiest people in the state of Tennessee: Thomas Who is the richest family in Tennessee? Fred Smith is worth at least $6 billion. Fred Smith Net worth: $5.0 billion (#515 wealthiest in the world) Residence: Memphis, Tennessee Source of wealth: FedEx, Self Made, #1. He founded Hospital Corp and he is worth at least $13 billion. Tennessee is ranked 42nd on the list of US millionaires. If you want to make sure you have the necessary supplies on hand to treat a future breakout, acne patches are the answer. - Residence: Nashville, Tennessee This 2006 study accumulated the number of millionaires by state: Listed in order by number of millionaires per 1,000 households in each state from high to low. New Jersey and Connecticut are in two of the top three spots - and of course New York City is home to well over 300,000 millionaires itself. Fast forward some 100 years to 2021: as the COVID-19 pandemic continued to rage, a record-breaking660 people became billionairesglobally, growing the previous years number by 30%. - Source of wealth: gas stations, #6. Spring Hill. W. McGlothlin - Tennessee resident and Chief executive of coal #5. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. for 2021. Net worth around $810 Brad Kelley Net worth: $2.7 billion (#1,103 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: tobacco, Self Made, #5. For the top 5%, the average income is $335,653. Tennessee is ranked 42nd on the list of US millionaires. Forbes lists 11 billionaires in Tennessee. Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. trivia, facts, history, culture, entertainment, sports, geography and In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. In total, there are 9 Tennessee billionaires on the Forbes list. McWhorter - Owner of Clayton Associates, a healthcare services We then looked at median income and unemployment and poverty rates for each and assigned a score. And since HomeSnacks is our name and ranking states and places is our game, the only ten we see in Tennessee are The Volunteer States top ten richest places for 2023. Chattanooga, TN. Continue with Recommended Cookies. Martha Ingram & family. Willis Johnson. Average kindergarten and elementary teacher salary: $58,230. #6. #2. What Is There To Do In Memphis For Families? In Tennessee like in other areas they exist. Of. - Owner of H.T. company. These 5 Evil People From Tennessee Left A Dark Stain On History, 10 Shocking Things You Had No Idea Happened In Tennessee, 12 Reasons The Entire Country Should Be Thankful For Tennessee. Google Millionaire List Grows. Bill Sansom #11. To make the Forbes 400 list this year you had to be worth at least $2 billion. 9. #7. - Net worth: $21.0 billion (#81 wealthiest in the world) Visitors remember Nashville for its flashy aura, which, What Time Does Nashville Sell Beer On Sunday? Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. Haslam's wealth reflects his family's ownership of American's biggest privately held truck stop and fuel business, Pilot Flying J, which his father started in 1958. As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of America, was not on the Forbes 400 list. Hence a person must have a net worth of at least one million USD to be recognised as a millionaire anywhere in the world. We took a look at the latest Census data from the American Community Survey for 99 Tennessee cities with 5,000 residents. Net worth: $15.0 billion (#115 wealthiest in the world), #1. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. Willis Johnson Net worth: $1.8 billion (#1,669 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: damaged cars, Self Made, #7. What city in Tennessee has the most millionaires? Jimmy Haslam. While the U.S. is home to the most billionaires out of any other country, Americans are somewhat split in their feelings on the billionaire class. These are ten of the richest people who live in Tennessee. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. distribution partner, email us at created by his father and grandfather. [emailprotected]. Join the, Grand Ole Opry. #11. Forrest Preston- Net worth: $1.1 billion (#2,359 wealthiest in the world) There are more than 130.000 millionaire households in the state of Tennessee. According to MSN, The billionaires in Nashville control more resources than any other city in the United States. This site uses cookies from Google to deliver its services and to analyze traffic. Warren Buffet. What Is The Number One Thing To Do In Nashville? She is an actress who was born in Louisville, Kentucky. Sold company to Coke for $1.4 billion. Your email address will not be published. Below you can find the numbers from the Mega Millions draw on January 13th 2023. Ted Turner. Manage Settings Can You Room With The Opposite Gender In College? "This has been a prosperity that's been disproportionately rewarding to the people on top," Buffett said. Net worth around $880 Million. Nolensville. Net worth around $600 Million. Net worth around $825 In Nashville, an STR is defined as any rental property that you rent for less than 30 days. Does Nashville Have A Street Like Beale Street? Ingram - Chairman of Ingram Industries, based in Nashville, TN. Editors Note: Data has been updated for 2023. Net worth around $915 8. HomeSnacks is reader-supported. To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878. Though his company may be based in Virginia, McGlothlin lives in the Volunteer State and is CEO of United Co. Hyde is the founder of AutoZone and makes his home in Memphis. based in Cleveland, and more. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. There are more than 130.000 millionaire households in the state of Tennessee. Bon Jovi. Net worth around $825 Million. In doing so, youre agreeing to the below guidelines. #4. Which US state has the most millionaires? Millions of people read our articles every year and media outlets love to feature our work. Fred Smith. Known quite well for being a recluse, Kelley became a billionaire by building a discount cigarette business and has purchased the Lonely Plate tour book company. Three billionaires live in Nashville with a combined net worth of $20.7 billion. 2 on the fewest millionaires list. No surprise there. What Is Considered A Short Term Rental In Nashville Tn? Visit my affiliate website and learn how to get 100 free traffic sources and more if you are not in the company, please tell me why? How did we identify Tennessees wealthiest places? Thomas J. Frist ranks as the wealthiest. "No, it's not fair that we have so much wealth when billions of others have so little," said Melinda Gates, whose husband Bill started Microsoft. Gandson of founder of Great Western Coco-Cola Bottling Co, based in - Source of wealth: FedEx, Self Made, #2. 1990, manufactured discounted cigarettes USA Gold, Bull Durham, Paul is a big fan of the Boston Celtics and New England Patriots. var sc_security="b0816e13". To that end, most Stacker stories are freely available to HomeSnacks is not just your average website. #5. This makes us the 7th largest city in Tennessee and one of the fastest growing. New York was second, with 135 resident billionaires which was a larger jump over third-placed Florida, with 78. Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee. What Famous People Live In Brentwood Nashville? So, the truth of the matter is that when it comes to celebs, most celebrity homes in Nashville are actually in Brentwood or Franklin, TN. Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. If you want to see a list of the rest of Tennessees richest places, take a look below. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. We bet you cant name them all! GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! Your email address will not be published. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. He also owns almost two million multi-state acres of land. Also founded drive Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Love Tennessee? Million. Much smaller than Brentwood, Nolensville is a suburb of Nashville and the richest town in Tennessee and is home to some of the wealthiest residents of the state. https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. He founded Hospital Corp and he is worth at least $13 billion. What To Plant In September In Tennessee? You can download the data here. TN. Net worth around $300 Million. Who is the richest person in Chattanooga TN? Mark Zuckerberg. San Francisco-Oakland-Hayward, California. Dont buy a teeth whitening gel before reading these reviews. Average income of residents is $90,000, and the average house price is about $350,000. Most billionaires in the state are past the age of 60, which also proves it takes time to get really rich. In total, there are 9 Tennessee billionaires on the Forbes list. worth about $3.4 Billion. Net worth around $500 Million. The CEO of popular Pilot Flying J and owner of the Cleveland Browns is well set when it comes to his bank account. A new survey has found that there are 13.61 million households that have a net worth of $1 million or more, not including the value of their primary residence. "The real problem, in my view, is - this has been - the prosperity has been unbelievable for the extremely rich people," said Buffett on PBS Newshour in June. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. Forbes lists 11 billionaires in Tennessee. We analyzed 95 places in Tennessee to determine where the 1% live. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Our team of experts has selected the best teeth whitening gel out of hundreds of options. The median income per household in Tennessee is $52.000. What is this? To publish, simply grab the HTML code or text to the left and paste into Did you know Tennessee was so wildly infused with cash? Grundy CountyGrundy County has been ranked as the poorest county in Tennessee. Paul is passionate about helping students learn and grow, and he has written extensively on the topic of education. #2. Forbes lists 11 billionaires in Tennessee. He is the brother of former Senate Majority Leader Bill Frist. Frederick Smith, $4.9 billion: The 73-year-old Memphis businessman who founded FedEx, one of the world's biggest package delivery companies.Other Tennesseans on the Forbes 400 list include: Martha Ingram, $4.7 billion: The 82-year-old Nashvillian whose family owns Ingram Industries, a distribution and marine firm. Brad Kelley, $2.3 billion: The 61-year-old resident of Franklin, Tenn., who founded Commonwealth Brands, maker of UA Gold and Malibu cigarettes and is one of the largest land owners in the United States. Jon Yarbrough, $2 billion: The 60-year-old resident of Franklin Tenn., started Video Gaming TechnologiesSource: Forbes magazine. Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. Forbes lists 11 billionaires in Tennessee. Fred Smith. When it comes to haute accommodations, Hutton Hotel, located in Nashvilles established West End, is one of the citys best-kept secrets for celebrity sightings. Forrest Preston New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. The company was built by his father and grandfather. In 2018, nine Nashville billionaires made their richest billionaires list. Owner of Southeastern Asset Management Group, a money management firm. Brad Kelley. As the rich get richer, even those on the list acknowledge that wealth inequality is a problem. What is considered a short term rental, Re: Equivalent to Beale Street? Martha Ingram & family. Bill Gates, 62, worth $90 . Get more stories delivered right to your email. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Goalsontrack Is A Web-based System That Allows You To Set And Track Goals And Sub-goals, Manage Tasks, Build Habits, Keep Goal Journal, Visualize Your Goals With Vision Board, And Keep Your Goals Organized And Motivate You To Make Progress Daily. more! How much does a Comfortable make in Tennessee? Tim Cook. The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. Join the Memphis Business Journal to unlock even more insights! Malibu. Tennessee didn't score well on the list, but it beat its Mid-South neighbors, which ranked No. Net worth around $800 Million. Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans view the ultra-richas a group rather than as individualsnegatively. Jimmy Haslam Feel free to check out some more reading about Tennessee: Population: 13,393Rank Last Year: 1 (No Change)Median Income: $152,500Unemployment Rate: 1.3%Poverty Rate: 1.0%More on Nolensville: Real Estate|Photos, Population: 44,354Rank Last Year: 2 (No Change)Median Income: $165,948Unemployment Rate: 2.2%Poverty Rate: 2.6%More on Brentwood: Real Estate|Photos, Population: 8,770Rank Last Year: 3 (No Change)Median Income: $114,464Unemployment Rate: 2.3%Poverty Rate: 2.2%More on Signal Mountain: Real Estate|Photos, Population: 23,388Rank Last Year: 5 (Up 1)Median Income: $119,167Unemployment Rate: 1.9%Poverty Rate: 3.3%More on Farragut: Real Estate|Photos, Population: 48,403Rank Last Year: 6 (Up 1)Median Income: $92,779Unemployment Rate: 1.4%Poverty Rate: 2.5%More on Spring Hill: Real Estate|Photos, Population: 40,955Rank Last Year: 4 (Down 2)Median Income: $132,949Unemployment Rate: 2.9%Poverty Rate: 2.4%More on Germantown: Real Estate|Photos, Population: 50,669Rank Last Year: 7 (No Change)Median Income: $119,461Unemployment Rate: 3.0%Poverty Rate: 2.8%More on Collierville: Real Estate|Photos, Population: 6,845Rank Last Year: 13 (Up 5)Median Income: $83,973Unemployment Rate: 1.2%Poverty Rate: 6.2%More on Greenbrier: Real Estate|Photos, Population: 81,531Rank Last Year: 12 (Up 3)Median Income: $102,721Unemployment Rate: 3.2%Poverty Rate: 5.1%More on Franklin: Real Estate|Photos, Population: 12,820Rank Last Year: 8 (Down 2)Median Income: $80,504Unemployment Rate: 2.5%Poverty Rate: 5.7%More on White House: Real Estate|Photos. Forbes lists 9 billionaires in Tennessee. How Do You Experience Music In Nashville? Bill Gates. The Grand Ole Opry began as a radio show in 1925, and it put Nashville on the map as the Country Music, Why is Nashville called Nashvegas? We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. We and our partners use cookies to Store and/or access information on a device. In the table further down you can see the prizes you win for matching a certain amount of these numbers depending on if you played with the . 3. Net worth around $2.3 Billion. Summerfield There are more than 130.000 millionaire households in the state of Tennessee. Tennesseans among the wealthiest Americans in 2018 include: Jeffrey Lorberbaum, $2.4 billion: The 63-year-old Chattanoogan who is CEO of Mohawk Industries Inc., the world's biggest floor covering company headquartered in Calhoun, Ga. Forrest Preston, 1.48 billion: The 84-year-old founder of Life Care Centers of America built the Cleveland, Tenn.-based nursing home chain into the largest privately owned senior living business in the country. Jimmy Haslam, $3.6 billion: The 64-year-old Knoxville businessman is CEO of Pilot Flying J, the nation's biggest chain of fuel and truck stops, and owner of the Cleveland Browns. Bill Haslam, $2.5 billion: The 59-year-old governor of Tennessee, formerly mayor of Knoxville, shares in his family's ownership of Pilot Flying J and is the richest governor in America. Thomas Frist Jr., $8.1 billion: The 79-year-old Nashvillian who founded Hospital Corp. of America with his father. Heck, theres a reason famous Tennesseans like country singer Jason Aldean and hockey star Mike Fisher cant stop talking about their hometowns Spring Hill and Brentwood: these places know how to cater to the states one percent. Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. Heres what it takes to be considered rich in Nashville In Nashville, youll need to earn $115,609 or more to be considered a rich person in the top 20% of the citys 663,750 residents. system. Microsoft co-founder Bill Gates is the second richest person in the world with a net worth of $90 billion. To live in Tennessee, using data from the Mega Millions draw January. Ceo and sole owner of the Cleveland Browns is well set when it comes to these business tycoons, billionaires! University and Ingram industries, based in - Source of wealth: gas stations, # 1 are freely to. The 7th largest city in Tennessee, metro area, you agree its! Handy when it comes to his bank account its use of cookies we use data for Personalised and... Of coal # 5 of hundreds of options state, one that values financial independence small... 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